OPEN-SOURCE SCRIPT
Optimized Wavelets

The script, High-Resolution Volume-Price Pressure Indicator with Wavelets, utilizes wavelet transforms and high-resolution data to analyze market pressure based on volume and price dynamics. The approach combines volume data from smaller timeframes (1 second) with non-linear transformation techniques to generate a refined view of market conditions. Here’s a detailed breakdown of how it works:
Key Components:
Wavelet Transform:
A wavelet function is applied to the price and volume data to capture patterns over a set time period. This technique helps identify underlying structures in the data that might be missed with traditional moving averages.
High-Resolution Data:
The indicator fetches 1-second high-resolution data for price movements and volume. This allows the strategy to capture granular price and volume changes, crucial for short-term trading decisions.
Normalized Difference:
The script calculates the normalized difference in price and volume data. By comparing changes over the selected length, it standardizes these movements to help detect sudden shifts in market pressure.
Sigmoid Transformation:
After combining the price and volume wavelet data, a sigmoid function is applied to smooth out the resulting values. This non-linear transformation helps highlight significant moves while filtering out minor fluctuations.
Volume-Price Pressure:
The up and down volume differences, together with price movements, are combined to create a "Volume-Price Pressure Score." The final indicator reflects the pressure exerted on the market by both buyers and sellers.
Indicator Plot:
The final transformed score is plotted, showing how price and volume dynamics, combined through wavelet transformation, interact. The indicator can be used to identify potential market turning points or pressure buildups based on volume and price movement patterns.
This approach is well-suited for traders looking for advanced signal detection based on high-frequency data and can provide insight into areas where typical indicators may lag or overlook short-term volatility.
Key Components:
Wavelet Transform:
A wavelet function is applied to the price and volume data to capture patterns over a set time period. This technique helps identify underlying structures in the data that might be missed with traditional moving averages.
High-Resolution Data:
The indicator fetches 1-second high-resolution data for price movements and volume. This allows the strategy to capture granular price and volume changes, crucial for short-term trading decisions.
Normalized Difference:
The script calculates the normalized difference in price and volume data. By comparing changes over the selected length, it standardizes these movements to help detect sudden shifts in market pressure.
Sigmoid Transformation:
After combining the price and volume wavelet data, a sigmoid function is applied to smooth out the resulting values. This non-linear transformation helps highlight significant moves while filtering out minor fluctuations.
Volume-Price Pressure:
The up and down volume differences, together with price movements, are combined to create a "Volume-Price Pressure Score." The final indicator reflects the pressure exerted on the market by both buyers and sellers.
Indicator Plot:
The final transformed score is plotted, showing how price and volume dynamics, combined through wavelet transformation, interact. The indicator can be used to identify potential market turning points or pressure buildups based on volume and price movement patterns.
This approach is well-suited for traders looking for advanced signal detection based on high-frequency data and can provide insight into areas where typical indicators may lag or overlook short-term volatility.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.