š§µ NEW INDICATOR... š§µ
Volume Profile Regression Channel by @LuxAlgo
A volume profile made from a linear regression channel. Users can choose the starting & ending points for the indicator calculation interval.
How it works + access below š
tradingview.com
/1
Volume Profile Regression Channel by @LuxAlgo
A volume profile made from a linear regression channel. Users can choose the starting & ending points for the indicator calculation interval.
How it works + access below š
tradingview.com
/1
![Volume Profile Regression Channel [LuxAlgo] ā Indicator by LuxAlgo](https://pbs.twimg.com/news_img/1658481174896078850/AeFYC6VR?format=png&name=orig)
Normal volume profiles are built by dividing the price range into rows, highlighting where most trading activity take place.
If price is strongly trending it might look more even, this is where angled volume profiles can be useful.
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If price is strongly trending it might look more even, this is where angled volume profiles can be useful.
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The line of control highlights the section of the channel with the most accumulated volume, this line can be used as a potential future support/resistance.
This is where an angled volume profile might be the most useful.
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This is where an angled volume profile might be the most useful.
/3
On TradingView you can "add to favorites" and then access the indicator from your favorites folder.
Thank you for all your support & enjoy! šāØ
tradingview.com
Thank you for all your support & enjoy! šāØ
tradingview.com
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