OPEN-SOURCE SCRIPT

TCG Price Shear Plus

By Lij_MC
Updated
The Chart Guys Price Shear and Abnormal Volume Alerts all rolled into 1 FREE indicator

Based on TCG Price Shear V2 by urisma and Volume Spikes by OstapChester

This powerful script combines Abnormal Volume Alerts with Price Shear which can be based on either ATR or % deviation from an ema, which intern can also be filtered by Abnormal Volume for less false signals.

Look out for my next indicator which will be called TCG Price Shear Plus Scanner which will scan and alert you for several different assets at once!

Enjoy
Release Notes
Added Alert for Abnormal Volume Alert Minus Price Shear

Remember to set Alerts for Once Per Bar and to state the Asset Name in the Alert MSG

Release Notes
Now Includes RSI Overbought / Oversold Volume Climax with Alerts
Release Notes
......
Release Notes
Cleaned up Menus for user friendliness
Changed format for how alerts are displayed
Added Alerts For Exhaustion
Release Notes
Much needed update

Added option to remove text from labels to reduce cluttering
Release Notes
Adjusted colors
Release Notes
Colors
Release Notes
More Color Adjustement
Release Notes
Major Update

Added ;
Engulfing Bars by rmunoz
Staggered levels for RSI OB/OS Volume Climax
Ability to adjust brightness

Major Code, Menu and Visual Adjustments - This has been a long time in the making
Release Notes
Major Update
Cleaned up the layout of the Settings Menu
Fixed a fault that was introduced by a recent TV Update
And as a special Bonus added Original Scripts by shtcoinr - Volume Based S/R & RSI Based Automatic Supply and Demand
Release Notes
Enhanced menu for 3 Line Strikes and Engulfing Bars
climaxEngulfing CandlepricesheerTCGTrend AnalysisVolatilityVolume

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Disclaimer