WMA and Intraday Highest Volume Candle Levels

29 มี.ค.

🔹 WMA Calculation (Weighted Moving Averages)
Custom WMA Function:

Uses a manual weighted average calculation.

Assigns more weight to recent prices for smoother trend detection.

Three Timeframes:

5-Minute WMA (Yellow)

15-Minute WMA (Blue)

30-Minute WMA (Red)

🔹 Intraday Highest Volume Candle Levels

Finds the candle with the highest volume for the selected intraday timeframe.

Stores its High & Low levels to act as support/resistance.

Deletes and redraws lines daily to reflect the latest session's highest volume candle.

Plots horizontal lines:

Green Line: High of the highest volume candle.

Red Line: Low of the highest volume candle.

Customization: User can choose the analysis timeframe (default: 3 minutes).

✅ Benefits of This Indicator
✔ Multi-timeframe trend analysis using WMA.
✔ Key intraday levels based on highest volume candle.
✔ Dynamic support & resistance levels based on real-time volume activity.
✔ Customizable timeframe for volume analysis.

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🔹 WMA Calculation (Weighted Moving Averages)
Custom WMA Function:

Uses a manual weighted average calculation.

Assigns more weight to recent prices for smoother trend detection.

Three Timeframes:

5-Minute WMA (Yellow)

15-Minute WMA (Blue)


🔹 Intraday Highest Volume Candle Levels

Finds the candle with the highest volume for the selected intraday timeframe.

Stores its High & Low levels to act as support/resistance.

Deletes and redraws lines daily to reflect the latest session's highest volume candle.

Plots horizontal lines:

Green Line: High of the highest volume candle.

Red Line: Low of the highest volume candle.

Customization: User can choose the analysis timeframe (default: 3 minutes).

✅ Benefits of This Indicator
✔ Multi-timeframe trend analysis using WMA.
✔ Key intraday levels based on highest volume candle.
✔ Dynamic support & resistance levels based on real-time volume activity.
✔ Customizable timeframe for volume analysis.