Volume is a key piece of the puzzle when analyzing stock performance!
Price-Volume script measures Buying Pressure and Selling Pressure and creates Bullish signals based on that information.
A trailing stop can be specified. Of course the dilemma of stops is that adjusting to tighter stop may result in more stop outs, less profits. Whereas, looser stop may result in larger drawdowns, larger profits.
Coded as a strategy so it can be back-tested.
Long signal is show in green at the bottom and is also shown in Strategy signals.
Coded with latest PineScript version 3. Get This Indicator Today! marketcast.wordpress.com Thanks for your interest and support!
Disclaimer: This information is not trading advice and is for educational purposes only. Trade at your own risk. Past performance is not a guarantee of future results.