Volume and Pivot Points Correlation with Full Control

Category: volume, market_structure, volatility

Identifies pivot high/low points specifically occurring on high/low volume anomalies and projects percentage-based support and resistance 'War Zones'.

Formula

\text{PH} = \text{ta.pivothigh}(H, L_{len}, R_{len}) \text{ IF } V > (\text{SMA}_V + \text{StdDev}_V \times \text{Factor}) \\ \text{PL} = \text{ta.pivotlow}(L, L_{len}, R_{len}) \text{ IF } V < (\text{SMA}_V - \text{StdDev}_V \times \text{Factor}) \\ \text{Zones} = PL/PH \times \{0.8, 0.9, 0.95, 1.05, 1.1, 1.2\}

Inputs

• leftLenH (default: 5)
• rightLenH (default: 5)
• volume_ma_length (default: 10)
• volume_threshold_factor (default: 1.5)

See signal primitives and every published strategy that uses Volume and Pivot Points Correlation with Full Control on WOBR StrategyVerse.