DepthHouse Volume Weighted Support and Resistance — Indicator by oh92

volatility volumestudies volume depthhouse support resistnace volitility volumeweighted

DepthHouse Volume Weighted Support and Resistance or VWSP uses calculations based on volume to determine possible levels of support and resistance.

--Options--

Moving Average Type: The first version supports 4 different moving averages for which the calculation are based upon. SMA (default) EMA, TEMA, DEMA
more of these will be added based on popularity & requests

Factors: The Current version supports up to 3 different factors. This is what gives the VWSR the layering effect.
The defaults are 2,3,4. However please feel free to adjust these to match your trading style.

Fill Debugger:This does nothing other than alters the fill spacing. This is used to to get rid of continuous fills if they ever occur. Does not effect calculations at all.

Try this indicator for FREE! Just leave a comment, or feel free to send me a PM

Release Notes:

Updated calculations to reduce plotting noise.
Favorite Moving Average settings are 8 & 13.

Release Notes:

Primary lines now represent extreme levels of divergence.
Simplified the options menu.
Triple Exponential is now the default MA type.

Release Notes:

new advanced calculation to determine S/R levels
added multiple time frame capabilities

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.

Want to use this script on a chart?

Warning: please read before requesting access.