UnknownUnicorn1746696

Volume+Price Action Alert

This script identifies sudden changes in both volume and price.

You can set the sensitivities for both volume change and price change with respect to the moving averages.

There are four inputs in this script: the first two parameters indicate the length for moving averages of volume and price and the last two parameters indicate how much the volume change (e.g. 2 times) or the price change (e.g. 0.01; that is 1 percent of close price) should be.
Release Notes:
Updated
fixed some issues
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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