ULTIMATE Price Action Oscillator with Volume-Based S/R - Mehta

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ULTIMATE Price Action Oscillator with Volume-Based S/R (UPO-PRO-VOL)

Key Features:
Smart Oscillator: Combines price action momentum with customizable smoothing.

Volume-Confirmed S/R: Identifies high-confidence Support/Resistance levels when price crosses above-average volume.

Real-Time Tracking: Displays S/R levels with timestamps (IST) in a clean table.

Visual Alerts: Dashed lines + labels mark key levels for easy spotting.

⚠️ STRONG DISCLAIMER
❌ This indicator is for educational purposes only.
❌ Not financial advice. Trading involves risk—always conduct your own analysis.
❌ No guarantee of accuracy. Past performance ≠ future results.
❌ Adjust settings carefully. Test in a demo account first.
❌ Volume thresholds may vary by asset. Customize Volume Threshold Multiplier as needed.

📝 How to Use:
S/R Signals: Green "S" = Support (oscillator crosses up with high volume). Red "R" = Resistance (oscillator crosses down with high volume).

Table: Tracks latest S/R prices and formation time (IST).

Tweak Settings: Adjust Oscillator Length, Smoothing, and Volume Threshold for your trading style.

Tip: Combine with trend analysis for higher-probability trades!

Script Settings (Default):

Oscillator Length: 5 (Can be adjusted upto a maximum value of 200)

Smoothing: 3

S/R Lookback: 100 bars

Volume Threshold: 1.5x avg volume

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Phát hành các Ghi chú

Likely to change

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Phát hành các Ghi chú

Rsi is added

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Phát hành các Ghi chú

rsi values are changed

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Phát hành các Ghi chú

RSI is removed

Hôm kia

Phát hành các Ghi chú

Description:
Non-Repainting Volume-Pivot Support & Resistance [PRO] is a sophisticated indicator that identifies key support and resistance levels based on pivot points with high volume confirmation. The indicator uses a non-repainting algorithm to ensure signals don't change after they appear, providing reliable levels for your trading decisions.

Key Features:

Identifies significant support/resistance levels based on pivot highs/lows

Volume filter ensures only high-volume pivots are considered

Non-repainting algorithm for reliable signals

Customizable sensitivity with ATR tolerance

Visual table display showing current key levels

Extendable lines for forward projection

Parameters:

Pivot Lookback: Number of bars to identify pivots

Min Touches: Minimum touches required to confirm a level

Volume Multiplier: Filters low-volume pivots

ATR Tolerance: Sensitivity for level identification

Extend Lines: How many bars to project lines forward

Disclaimer:
This indicator is for educational purposes only and should not be considered as financial advice. Trading involves risk and may not be suitable for all investors. Past performance is not indicative of future results. Always conduct your own research and consider seeking advice from a qualified financial professional before making any investment decisions.