Compressed Volume Levels [DepthHouse] — Indicator by oh92

volumestudies supportandresistance depthhouse volume support compression breakout breakoutsignal

Compressed Volume Levels closely analyzes peak volume along with price action to detect critical levels.
The compression levels generated are often an early indication of possible tops, bottoms, or even a future support or resistance levels.

Warning: Since this is a volume based indicator results will vary based on the asset and volume of the exchange.

The factor & lookback at which it detects these levels can be set by the user. The lower the factor the more levels that will generate.

Built in Alerts (must be set up by user):

Verified Support and Resistance once a level is confirmed.
Upward and Downwards Compression alerts; earliest signal possible for major volume coming in.

To gain access to this indicator please follow the link below.
Feel free to message me with any questions directly here on TradingView.

Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact oh92 for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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.

Author's instructions

For access, please follow the link to my website: depthhouse.com/

Want to use this script on a chart?

Warning: please read before requesting access.