Volumatic Support/Resistance Levels [BigBeluga]

Category: volume, market_structure

Identifies and visualizes support and resistance levels based on local price extremes, dynamically adjusting level width and intensity based on relative volume expansion.

Formula

n\_vol = \frac{Volume}{Percentile(Volume, 500, 100)} \times 100 \\ S/R = \text{Local Extremes over Length } L \\ BandWidth = \pm (ATR(200)/100 \times n\_vol)

Inputs

• Length (default: 25)
• Resistance Max Volume % (default: 80)
• Support Max Volume % (default: 80)
• Bars Max Volume % (default: 50)

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