Free TradingView Indicator by AlgoAlpha — Volume & Order Flow
Volume Weighted Relative Strength Index
Volume Weighted Relative Strength Index
The Volume Weighted Relative Strength Index (VWRSI) by AlgoAlpha enhances traditional RSI by incorporating volume weighting, providing a more nuanced view of market strength. It uses custom range detection to measure consolidation strength, applying dynamic scoring to highlight trend phases. The indicator includes customizable moving averages (SMA, EMA, WMA, VWMA) and color-coded visual cues for uptrends and downtrends. Additionally, it marks significant bullish and bearish trend points with symbols, making it easier to identify potential trading opportunities. This powerful tool helps traders make informed decisions by combining volume, price action, and trend analysis.
Combines RSI with volume for better accuracy.
Identifies consolidation phases.
Choose from various moving averages.
Set notifications for trend points.
Add Indicator : Add the indicator to favorites, and customize the settings to suite your trading style.
Analyze Market : Watch RSI and range score for trends.
Set Alerts : Get notified of bullish/bearish points.
Explore other volume & order flow TradingView indicators by AlgoAlpha.
Free on TradingView
Volume Weighted Relative Strength Index (VWRSI) is free to use on TradingView. Add it to any chart in seconds.