Downloading...
OPEN-SOURCE SCRIPT

KHUSHI VERMA DEHRI ON SONE

275
Khushi Verma Dehri On Sone - ZigZag Buy/Sell with Volume Pressure & Stop Loss
This indicator combines ZigZag-based Buy/Sell signals, dynamic stop-loss levels, and a Volume Pressure histogram to provide a powerful visual trading tool.

🔍 Key Features:
ZigZag Buy/Sell Detection:
Automatically identifies significant highs and lows using ZigZag logic with a user-defined lookback period (depth).

Red "SELL" labels at swing highs

Green "BUY" labels at swing lows

Connected with directional lines for clarity

Stop Loss Visualization:
For each signal, a horizontal dashed stop-loss line is drawn:

For SELL signals: SL = High + %SL

For BUY signals: SL = Low − %SL

Volume Pressure Histogram:
Visualizes the net buying/selling pressure based on candle direction:

Green bars: Positive (buying) pressure

Red bars: Negative (selling) pressure

Blue line: Smoothed pressure using EMA

⚙️ Inputs:
ZigZag Lookback: Number of bars to detect swing highs/lows

Stop Loss (%): Distance from pivot high/low to define SL

Volume Smoothing Length: EMA length for volume pressure

Show Histogram: Toggle for displaying the volume pressure bars

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.