shock detecter [WS]
if you want free version
usually volaility and volume come together,
but if volume is high and volatility is low,
than blue bar increase.
I named it "abnormal volume shock"
so,
blue signal come only if low volatility + high volume.
blue can come when the price is top(or bottom) but this is not a buy(or sell) signal.
(remember, blue is just a strange moment. high volume + low volatility is not a normal situation. you better to focus "why suddenly volume increased" )
briefly,
Blue Bar = volatility < volume
(in other words, candle size < volume )
use red star and OSC to predict next trend!
osc is over-bought and red star = change to down trend.
osc is over-sold and red star = change to up trend.
if simple_mode off,
green star = volume shock
orange star = volume shock over threshold (20)
green bar = volatility shock
yellow star = volatility shock over threshold (20)
red bar = volatility reducing (convergence)
white star = end of convergence
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Disclaimer
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact shm837 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.