Climax Volume (Expo) indicator is designed to detect escalated trading volume and sharp price movements. Climax occurs from the last rush of investors who buy into a rising market or sell into a declining market. In both situations, a climax usually signals the end of a strong bullish or bearish market trend.
The investor has the ability to adjust the sensitivity of the climax as well as the length of the volume being included in the calculations. Longer Volume length means that the indicator detects bolder climaxes.
HOW TO USE
1. Use the indicator to detect Climaxes
Combine the indicator with ‘Exhausted Volume (Expo)’
INDICATOR IN ACTION
EURUSD
EURUSD
BTCUSD
BTCUSD
The indicator works with RENKO, HEIKIN ASHI and with KAGI charts as well.
I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
----------------- Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Release Notes
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Major Improvements!
Improved calculations for better accuracy.
Levels are added.
Best
Release Notes
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Improvements!
Alerts added.
Release Notes
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Improvements!
It's now even easier to keep track of Volume Climax Levels.
Provides good orientation and an impulse to buy or sell when the price breaks out of a climax level.
I also like to use this together with Reversal Bands & Zones. Well done.
jimjaytv
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hello can i test it please ?
jimjaytv
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hello, may i please have acces too your script please ?
maverick2288
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hi can i try this script?
christianmlo
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May I please have access to this script
rdecker7878
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Hi! May I please have access to use this amazing script? Thank you!!!!!!!!!
Trading-is-Freedom
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This script is simply awesome! I've always tried to incorporate volume in my trading, but it can be somewhat difficult to interpret and subjective. This script is by far the best indicator I've ever come across for volume. It's a real game-changer, definitely provides an edge, and helps to catch the reversals with greater accuracy. Awesome work!
I also like to use this together with Reversal Bands & Zones. Well done.