Masa's VPP index (Volume per Price)

4200 5
"Price bottom" might be presumed when "volume per price change" increases at an exceptionally high rate.

This is because it can be suspected that somebody silently collects the target with an attempt NOT to change price. After the collection phase, they may be able to draw a broad attention by suddenly increasing its price (controlling). What comes next? It would be the "bandwagon effect."

With this indicator I attempt capturing the very first phase, i.e. collecting phase.

It shows a signal when the value of volume per price exceeds a threshold determined by its Bollinger band .
Release Notes: Slightly code modified
Remove from Favorite Scripts Add to Favorite Scripts
Thank you
+1 Reply
Nice script !!!
Thank you
My pleasure :)
this script also helps u with detecting supply demand absorption

+2 Reply
@cI8DH, Nice, thanks :)
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out