TradingView IndicatorFree to Use
Volume Exhaustion
Free TradingView Indicator by AlgoAlpha — Volume & Order Flow
Introducing the [b]Volume Exhaustion[/b] by AlgoAlpha, is an innovative tool that aims to identify potential [b]exhaustion or peaks in trading volume[/b], which can be a key indicator for reversals or continuations in market trends .
20.5kviews
713boosts
2024-01-07published
Volume Exhaustion Features
Signal Plotting
A special feature is the plotting of 'Release' signals, marked by orange diamonds, indicating points where the exhaustion index crosses under its previous value and is above a certain boundary. This could signify critical market points 🚨.
TradingView Snapshot
TradingView Snapshot
Calculation Length Customization
Users can adjust the calculation and Signal lengths to suit their trading style, allowing for flexibility in analysis over different time periods. ☝️
len = input(50,
How to Use Volume Exhaustion
• Calculation Length Customization: Users can adjust the calculation and Signal lengths to suit their trading style, allowing for flexibility in analysis over different time periods.
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