Volume Force Pro

1. What is Volume Force Pro indicator?

The Volume Force Pro indicator aims to provide traders with insights into market trends and potential reversal points by analyzing volume and price data. Here's a breakdown of its key features and functionality:

Volume and Price Analysis: Volume Force Pro combines volume data with price action to help identify potential buying or selling pressure behind price movements. This approach can offer a more nuanced understanding of market dynamics compared to analyzing price data alone.

Trend Identification: It helps in identifying the prevailing market trends. By analyzing how volume interacts with price movements, the indicator can signal whether a trend is likely to continue or reverse.

Reversal Signals: The indicator is designed to pinpoint potential reversal points. This is particularly useful for traders looking to enter or exit trades at the most opportune moments.

Customizable Settings: Users can customize the indicator's settings to match their trading style and preferences. This flexibility allows traders to adjust the sensitivity of the indicator to volume changes, the period over which volume is analyzed, and other parameters.

Visual Cues: Volume Force Pro provides visual cues on the TradingView charts, such as color-coded bars or lines, to indicate bullish or bearish conditions. These visual elements make it easier for traders to interpret the data and make informed decisions.

Compatibility with Various Markets: Although primarily used in the stock market, the indicator can also be applied to other financial markets such as forex, commodities, and cryptocurrencies, making it versatile for different types of traders.

In summary, the Volume Force Pro indicator is a comprehensive tool that leverages volume and price data to offer insights into market trends and potential reversal points. Its goal is to help traders make more informed decisions by providing a deeper understanding of market dynamics beyond what price data alone can offer.

2. Indicator settings:

Please note that there are 2 parts to this product: Volume Force Pro & Volume Force Pro Panel. Please add them both from your Invite-only scripts.

Fast/slow/signal EMA: choose the numbers of candles to be used in calculating the fast/slow/signal EMAs.

ATR period for SL shift: the timeframe used to calculate the Average True Range for adjusting stop loss levels.

SL shift coefficient: a multiplier used with the ATR value to adjust stop loss levels according to market volatility.

TP coefficient (from SL): a multiplier determining the Take Profit level relative to the Stop Loss distance.

Various Color settings: customize these colors to differentiate between bullish/bearish patterns and arrows, and TP/SL.

Max bars back: the maximum count of past candlesticks considered by the indicator for its analysis.

3. Alert set-up:

To stay updated on potential trading opportunities, you can set up alerts within the Volume Force Pro indicator settings.

Step 1: From the indicator settings, customize your alerts by defining your desired parameters for buy and sell signals. The selected configurations will be used for notifications in Step 2.

Step 2: To receive notifications through the app, pop-ups, alert emails, Webhook URL, sound alerts, or email-to-SMS, enable these features by clicking on TradingView's Alert icon. 

Step 3: Select Volume Force Pro from the “Condition” dropdown list 

Step 4: A pop-up will appear as follows. Click on “Notifications”. 

Step 5: Choose the types of notifications you'd like to receive, and click the “Create” button.