PROTECTED SOURCE SCRIPT
Updated Golden Pillar Detector
Golden Pillar:
Specific bar with relatively stronger volume, follow by three consecutive bars with lower volume. Closing price and vwap of three consecutive bars should not be lower than the closing price and vwap of the specific bar.
*Default conditions include BOTH vwap and closing price into calculation. If wish to have ONLY closing price as reference, may turn on the switch provided.
Specific bar with relatively stronger volume, follow by three consecutive bars with lower volume. Closing price and vwap of three consecutive bars should not be lower than the closing price and vwap of the specific bar.
*Default conditions include BOTH vwap and closing price into calculation. If wish to have ONLY closing price as reference, may turn on the switch provided.
Release Notes
Additional condition: Pillar bar volume > Previous bar volume*2
Release Notes
Current update is for Custom Bursa Screener development. Screening for stocks with potential volume spike and upthrust reversal from consolidation by integrating MACD. #TAYORDM for any customize screener or indicator order based on your own trading rules.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.