High Volume Candles by Time PeriodDescription:
The High Volume Candles indicator (HVC) is a technical analysis tool designed to identify candles with high trading volume. It allows traders to quickly spot periods of significant market activity based on volume.
How it Works:
The HVC indicator analyzes the volume of each candle in relation to the highest volume observed over a specified lookback period. The indicator compares the current volume with the highest volume within the defined lookback period and identifies candles that have volume equal to or greater than this threshold. It then distinguishes between bullish and bearish candles and assigns custom colors to highlight these high volume occurrences.
Usage:
To effectively utilize the High Volume Candles indicator, follow these steps:
1. Apply the HVC indicator to your chart by adding it from the available indicators.
2. Customize the lookback period according to your trading preferences. This parameter determines the number of previous candles to consider when calculating the highest volume.
3. Observe the candles on the chart:
- Bullish candles (blue by default) indicate periods of high volume when the closing price is higher than the opening price.
- Bearish candles (yellow by default) indicate periods of high volume when the closing price is lower than the opening price.
4. Pay attention to the color-coded volume indications within the candles, which highlight periods of high trading activity.
5. Analyze the volume patterns in conjunction with price action to identify potential trading opportunities. High volume candles often indicate increased market participation and can suggest significant price moves or reversals.
6. Combine the analysis of high volume candles with other technical analysis tools, such as trend lines, support and resistance levels, or indicators, to confirm potential trade setups.
7. Implement appropriate risk management strategies, including setting stop-loss orders and position sizing, to manage your trades effectively and protect your capital.
Volumeanalysis
Adaptive Momentum Channel - [Volume Filter]The Adaptive Momentum Channel with Volume Filter (Adaptive MCVF) is an indicator that utilizes an adaptive RSI to adjust its sensitivity based on the market conditions. The RSI component of the indicator calculates the standard deviation and mean deviation of RSI values and uses these to calculate the adaptive RSI. The volume filter component of the indicator filters the adaptive RSI based on the volume average, allowing the indicator to identify trend changes and filter out market noise.
The indicator plots the upper and lower bands of the Adaptive MCVF, which are calculated by taking the moving average of the filtered RSI and applying an offset based on the standard deviation. A fast moving average is also plotted, which can be used to identify short-term changes in the trend.
The Adaptive MCVF also includes a divergence identification feature, which can be used to identify potential trend changes. The indicator plots regular bullish and bearish divergences, as well as hidden bullish and bearish divergences.
This is a variant of my previous MCVF indicator, this one simply allows you to take the standard deviation of the momentum and use it to make the indicator a bit more adaptive!
I made it protected to hide the standard deviation math and the auto divergence code.
You can always use this indicator by pressing "favorite";)
Volume Tick ExperimentThis ticks-based indicator provides real-time volume information for a trading asset. Volume is analyzed and updated continuously, not just at candle close. It is based on DGT's Bull vs Bear Power indicator but adds a gas signal that activates when buying or selling volume percentage reaches a predetermined threshold.
This indicator can also help traders determine the direction and aggressiveness of pushes in buying or selling volume. By monitoring the volume percentages and gas signals, traders can get an idea of whether the market is pushing in a particular direction and how strong the push is. This information can be helpful in making trading decisions and identifying potential entry or exit points.
The indicator uses open, high, low, and close prices of the asset to calculate volume information. It determines the average volume over a selected period and calculates volume for both buying and selling. This information is used to calculate the percentage of buying and selling volume. A gas signal is triggered when either the buying or selling percentage reaches a predetermined threshold.
Enjoy!
Volume Channel - [With Volume Filter]The indicator calculates two volume-weighted moving averages (VWMA) using different lengths, and filters them based on a moving average of volume. The filtered VWMA values are then plotted on the chart as lines, representing the fast and slow moving averages. In addition, upper and lower bands are calculated based on the slow VWMA and plotted as lines on the chart.
The fast and slow VWMA lines can be used to identify trends in the market. When the fast VWMA is above the slow VWMA, it is an indication of an uptrend, and when the fast VWMA is below the slow VWMA, it is an indication of a downtrend. The position of the VWMA lines relative to the upper and lower bands can also be used to identify potential trade signals.
When the price is near the upper band, it indicates that the market is overbought, and when the price is near the lower band, it indicates that the market is oversold. Traders can use these signals to enter or exit trades.
The indicator also includes a volume filter, which means that the VWMA values are only calculated when the volume is above a certain moving average of volume. This helps to filter out noise in the market and provide more accurate signals.
Explanation for each parameter
vwmaLength1: This is the length of the fast volume-weighted moving average (VWMA) used in the calculation. The default value is 10, and it can be adjusted by the user.
vwmaLength2: This is the length of the slow volume-weighted moving average (VWMA) used in the calculation. The default value is 25, and it can be adjusted by the user.
bandLength: This is the length of the moving average used to calculate the upper and lower bands. The default value is 34, and it is not adjustable by the user.
volumeFilterLength: This is the length of the moving average of volume used as a filter for the VWMA calculation. The default value is 5, and it can be adjusted by the user.
src: This is the input source for the VWMA calculation. The default value is close, which means the indicator is using the closing price of each bar. However, the user can select a different input source by changing this parameter.
filteredVwma1: This is the filtered VWMA calculated based on the volume filter and the fast VWMA length. It is plotted as a line on the chart and can be used to identify short-term trends.
filteredVwma2: This is the filtered VWMA calculated based on the volume filter and the slow VWMA length. It is plotted as a line on the chart and can be used to identify long-term trends.
ma: This is the moving average of the filtered slow VWMA values, which is used to calculate the upper and lower bands. It is plotted as a line on the chart.
offs: This is the offset used to calculate the upper and lower bands. It is based on the standard deviation of the filtered slow VWMA values and is multiplied by 1.6185 * 3. It is plotted as a line on the chart.
up: This is the upper band calculated as the moving average plus the offset. It is plotted as a line on the chart and can be used to identify overbought conditions.
dn: This is the lower band calculated as the moving average minus the offset. It is plotted as a line on the chart and can be used to identify oversold conditions.
Volume Shaded CandlesDescription:
The Volume Shaded Candles indicator (VSC) is a technical analysis tool designed to represent price candles on a chart with transparency based on the volume traded during each candle. This overlay indicator enhances visual analysis by providing a visual representation of volume intensity.
How it Works:
The VSC indicator calculates the volume-to-transparency ratio by dividing the current volume by the highest volume within the last 10 periods. The ratio is then used to determine the shading intensity of the price candles. Higher volume relative to the recent highest volume results in lower transparency, while lower volume results in higher transparency.
Usage:
To effectively utilize the Volume Shaded Candles indicator, follow these steps:
1. Apply the Volume Shaded Candles indicator to your chart by adding it from the available indicators.
2. Configure the indicator's inputs:
- Specify the color for bullish candles using the "Bullish Color" input.
- Specify the color for bearish candles using the "Bearish Color" input.
3. Observe the shaded candles on the chart:
- Bullish candles are colored with the specified bullish color and shaded according to the volume intensity.
- Bearish candles are colored with the specified bearish color and shaded according to the volume intensity.
4. Interpret the shaded candles:
- Darker shading indicates higher volume during the corresponding candle.
- Lighter shading indicates lower volume during the corresponding candle.
5. Combine the analysis of shaded candles with other technical analysis tools, such as trend lines, support and resistance levels, or candlestick patterns, to identify potential trade setups.
6. Implement appropriate risk management strategies, including setting stop-loss orders and position sizing, to manage your trades effectively and protect your capital.
Vollinger BandsI'm happy to present to you... VOLLINGER BANDS. Loosely based on bollinger bands, this indicator uses the new Up/Down Volume indicator from tradingview, which I have add moving averages, and a width calculation between them to determine squeeze. Essentially I have created a volume squeeze bollinger band derivative, hence the term "Vollinger Band".
The bands are NOT a deviation of any middle line or moving average, but rather their own moving averages of the volume delta, respectively.
Blue background = Volume Squeeze (vollinger bands width is less than the squeeze strength line), meaning consolidation, and a big move may happen soon.
Top line = A moving average of the Up Volume delta
Bottom line = A moving average of the Down Volume delta
Vol MA = the moving average length of both the top/bottom line
> If you zoom in, you can see a white line, which is the squeeze represented as a single line, calculated using bollinger bands width. The squeeze strength is a moving average of the squeeze line, which then determines if the width is below that moving average, then the squeeze will occur (white line below purple)
The bands are colored based on the sum of the Up/Down volume over the specified number of bars (preset at 5). If the volume is more buying than selling over that amount of bars, then the line is colored green, and vice versa.
Wyckoff Wave Volume
What Is Wyckoff Wave Volume and How Does It Work?
It is the cumulative sum of exchanged (sold/bought) shares or contracts on a given wave (downward or upward) in a given time plotted below the chart as volume histogram. It shows how much trade is taking place on a given wave. Values are displayed below the chart as opposed to the Wyckoff Wave Chart indicator which displays these values as numbers plotted on the chart.
As you can see in the attached chart, volume candles usually only show a single buyer and seller exposure on the chart. On a normal volume, "Volume Spike" are clearly visible, which play an important role in the analysis. However, the cumulative volume on a wave gives us much more information and shows exactly on which waves the biggest purchases or the biggest sales take place. As in the attached chart, we can see how buyers aggressively carried out the final accumulation action just before the range breakout. In the analysis of the Wyckoff method, cumulative volume is a key indicator to assess the strength or weakness of the market.
It works very similarly the other way around (distribution). Before the market changes direction after large increases, downward waves are characterized by very high volume, which is drawn on the histogram as ultra-high bars. This is information about the distribution carried out by the players - taking profits after increases or opening shorts.
Wyckoff Wave Volume for TradingView
Wyckoff Wave Volume is the best tool to identify turning points in all markets. Money plays in the market, not set ups. Therefore, in order to earn money, you must play in the same direction as the professionals! It is thanks to the observation of the volume that you can know which side the professionals (Smart Money) are on and trade in accordance with their direction. You can also "look" inside the chart and see on the numbers or graphical histogram who controls the market at a given moment - Buyer or the Seller.
Let's Start From The Beginning!
Wyckoff Wave Volume created by Richard Wyckoff in early 1930' were a breakthrough in technical analysis. In his famous technical analysis course, he told his students to "think like waves". Volume analysis was an integral part of his way of investing. During the period when Wyckoff was active in the financial markets wave volume was calculated manually, we now have a fully automated version for TradingView. Using Wyckoff Cumulative Volume you will be surprised how well it identifies turning points in all markets and on any time frame. This tool is very helpful in predicting trend changes in all markets like forex, crypto, futures and stocks.
In order for the indicator to work well on all charts, it is necessary to set the appropriate step in its settings.
"Step" is the wave setting to be taken into account when counting the volume on a given swing. The standard setting for each round is 30. This is the measure of pips on which the next upward or downward wave is to be counted. However, for individual assets, these settings can be adjusted individually.
Weis Wave-Wave TypesWeis Wave - Waves Types indicator
The Concept
This indicator has been created based on David's Weis theory of cumulative volume histograms but this indicator has been enhanced with additional wave types to be able to identify the following:
Visually identify the Effort vs Result concept (too much volume but small pip move or small volume too large pip move). Imbalance of Supply and Demand.
Be able to monitor how volume progresses within the wave, if it is increasing, decreasing or staying steady.
Identify easily the large volume waves using the emphasized volume algorithm to analyze the price reaction afterwards following the theory that Institutions participate on large volumes
What it does
This indicator draws cumulative histograms of 5 different wave types. Up swing histogram is when price goes up and down swing histogram is when price goes down. It adds the volume of each bar within the wave swing, it adds the pips of each bar within the wave swing , it adds the time of each bar within the wave swing, it measures if the volume rate is increasing or decreasing within the wave swing and emphasizes on larger volume volume waves by increasing their size for visual purposes.
How it does it
The length of each cumulative histogram is equal to each wave price swing. The price wave sensitivity can be adjusted by AutoSensitivity parameter (min value =2 and max value=11). The larger the number the more sensitive it is, which means more wave swings will be created. The selectable values for the wave type are: Volume, Pips, Time, Progressive Volume Rate or Emphasized Volume. Furthermore the width of the cumulative histogram bars can be adjusted as well as the color of the up and the down swings. Finally divider input values are available for volume and pip to decrease large numbers on the y-axis of the histograms.
Wave Type Detailed Explanation
Volume: the indicator adds the volume of each bar within the price wave swing and creates a cumulative histogram
Pips: the indicator adds the bar distance from open to close and creates a cumulative histogram of the net pip movement of the price swing
Time: adds the time of each bar within the price wave swing and creates a cumulative histogram
Progressive Volume Rate (PVR): measures the volume rate within each wave (if volume is increasing or decreasing or staying steady as the wave progresses)
Emphasized Volume: the indicator adds the volume of each bar within the price wave swing and creates a cumulative histogram but contains an algorithm that emphasizes the large waves.
How to Use
Draw Support/Resistance and Fib - Monitor carefully the cumulative histograms at these levels. Usually supply and demand imbalance happens at this level.
First and most important of all adjust AutoSesnsitivity to get your swings correct. Getting the correct swings means waves are catching the tops and bottoms of each price wave swings.
Then identify potential trades by:
1. Comparison of cumulative Volume histogram vs Pip histogram which makes the concept of Wyckoff "Effort versus Result" identifiable, lot's of volume with small pip move = lot's of effort vs with small result. Supply and Demand imbalance.
2. Monitor Progressive Volume Rate histogram which measures if the volume rate is increasing, decreasing or remains steady within the price wave swing. This histogram indicates more or less participation as price increases or decreases within the specific wave. For example increase of volume rate as price goes up could mean more participation which could mean that sellers might be entering. Also the opposite is valid increasing volume rate as price goes down could mean that buyers are entering.
3. Emphasized Volume waves, provide a visual emphases on large volume waves only, useful for traders that like to trade with high volume trends and for traders that believe that in large volume waves large institutes participate. Trade with price trend but also with the volume trend concept.
What makes it unique
This indicator is an advance cumulative wave histogram because apart the regular volume histogram and apart form using each wave type individually to make a decision it provides more confidence and becomes more powerful when confluence is used combining the other wave types and by using the strategies mentioned above to a higher probability trade. Some examples are shown below
Example of Effort vs. Result Concept
Example of Progressive Volume Rate
Example of Emphasized Volume
Wyckoff Wave Chart
What Is Wyckoff Wave Chart and How Does It Work?
It is the cumulative sum of exchanged (sold/bought) shares or contracts on a given wave (downward or upward) in a given time plotted on the chart.
Wyckoff Wave Chart for TradingView
Wyckoff Wave Chart is the best tool to identify turning points in all markets. Money plays in the market, not set ups. Therefore, in order to earn money, you must play in the same direction as the professionals! It is thanks to the observation of the volume that you can know which side the professionals (Smart Money) are on and trade in accordance with their direction. You can also "look" inside the chart and see on the numbers or graphical histogram who controls the market at a given moment - Buyer or the Seller.
Let's Start From The Beginning!
Wyckoff Wave Chart created by Richard Wyckoff in early 1930' were a breakthrough in technical analysis. In his famous technical analysis course, he told his students to "think like waves". Volume analysis was an integral part of his way of investing. During the period when Wyckoff was active in the financial markets wave volume was calculated manually, we now have a fully automated version for TradingView. Using Wyckoff Cumulative Volume you will be surprised how well it identifies turning points in all markets and on any time frame. This tool is very helpful in predicting trend changes in all markets like forex, crypto, futures and stocks.
In order for the indicator to work well on all charts, it is necessary to set the appropriate step in its settings.
"Step" is the wave setting to be taken into account when counting the volume on a given swing. The standard setting for each round is 30. This is the measure of pips on which the next upward or downward wave is to be counted. However, for individual assets, these settings can be adjusted individually.
Another important setting is the "Volume Divider" - the cumulative volume numbers on a given swing displayed on the chart will be different for different assets. In the case of penny stocks, it can be even millions of listed assets. In order for the chart not to display too long numbers, you can divide it by 1000 / 10000 / 100000. In the case of small intervals such as 1 or 5 minute charts, "O" may appear at the ends of swings. You should then reduce the "Volume Divider" to 1 or 10.
Accumulation example:
AutoLevels3.0AutoLevels is a script based on the ATR ( Average True Range ) of price action over the past 14 days. It calculates those and includes Fibonacci Extensions to create Levels that are Automatically created each morning. These are not based on past price action but are well respected and easily show patterns throughout the day.
Levels are made up of a BULL BAR , a BEAR BAR ( Go long above Bull, short below Bear Bar ) and the various extensions beyond them. Common Liquidity areas are also highlighted as tan/yellow bars. These are common reversal and contention levels should price action approach them.
Also included are 4 EMAs that have been transformed into 2 separate EMA clouds. These clouds will change color when bearish / bullish and crossing and signal up and downtrends and compress during chop. They are 100% customizable with your own EMA preference. Colors as well.
The Candles are Volume Based Candles. They default to Hollow candles when Volume is below the 24 moving average ( customizable ) and are filled solid when the volume for that time period has HIGH RELATIVE VOLUME. These are GREAT SIGNALS as price action approaches the levels that the AUTOLEVEL indicator generate. When a candle is filled and approaching a level it is likely to break through or attempting to. Low volume candles, hollow, show low conviction in price movement.
Aside from the Fibonacci Levels generated, the EMA Clouds and the Volume Candles you can also select how full or minimal your chart is. ( more levels to only a few ) Also you can extend all levels to the right for future charting or leave that selection off to only generate the static daily levels a few bars ahead.
You can also adjust the timeframe the Autolevels are generating levels for. 1 day is the current day. 1 month plots out a month of levels and is best used with the 1D timeframe.
You can look up my Twitter account for hundreds of examples of daily use.
Weis Wave With Speed Index SignalsWeis Wave with Speed Index Signals
The Concept
This indicator has been created to try to quantify "Change in Behavior" concept and provide buy and sell based on this concept. What is Change in Behavior? Price is moving at speed rate based on the trading volume direction (buyers and sellers) until there is imbalance of Supply/Demand. An algorithm has been created to identify this change of Supply/Demand behavior producing a number called "Speed Index". Abnormal Speed Index notes this change in behavior when compared with previous Speed Index numbers of the same pair and in the same timeframe. Speed Index is a relevant number and it's use is to be compared with previous Speed Index numbers and not as an absolute number. Based on Speed Index Behavior of recent waves, price and price wave structure buy and sell signals are available called Plutus.
What it does
This indicator draws a waveline of price waves swings. Up swing is when price goes up and down swing is when price goes down. It adds the volume of each bar within the wave swing, it measures the distance in pips of each swing and measure the numbers of bars of each swing. Furthermore, it creates the Speed Index of each swing, the average Speed Index of x selectable wave swings back as well as the average of Speed Index of the x up swings back and the average of the down swing. The indicator is also able to designate a Fast wave which means large pip move with small volume with the letter "F" displayed next to Speed Index and a Slow wave which small pip move with small volume with the letter "S". Finally based on price, Speed Index history and structure it creates eight buy/sell signals called Plutus.
Information available for display all selectable
For each wave swing: Total Volume, Pip Distance, Number of Bars or Total Volume + Pips or Total Volume + Pip Distance+Total Number of Bars
For each wave swing: Speed Index or Total Volume + Speed Index or Speed Index + Average Speed Index or Speed Index+(F or S).
Plutus buy and sell signals when criteria of price location, speed index comparison (abnormal speed index) and wave price structure have been met.
How it does it
This indicator draws a wave-line of price waves swings. Wave Sensitivity can be adjusted by AutoSensitivity parameter (min value =2 and max value=11). The larger the number the more sensitive it is, which means more wave swings will be created. All calculations are based on each wave swing. The code calculates all the above mentioned on the "Information available for Display" section. Based on price, Speed Index history, Speed Index ratio and structure Plutus buy and sell signals are created. The default value of Speed Index ratio is 2. Decreasing Speed Index ratio will create more signals while increasing it will create less signals.
Note: last wave re-paints and no information is displayed on the forming wave, but the whole trading methodology is based on reading previous waves information.
Technical Information
Speed Index
High Speed Index number means a slow wave "S" = Abnormal Speed (high volume small pip move)
Low Speed Index number means a fast wave "F" =Anormal Speed (small volume large pip move)
Normal Speed Index number (are the more frequent numbers seen in the chart which means that the market agrees with the move).
Plutus Signals
PL - Plutus Long, this is when the price will follow in the same direction of the wave with the High Speed Index. When signal is generated we enter when price close breaks the previous two wave structure Resistance Level
PS - Plutus Short, same as above, this is when the price will follow in the same direction of the wave with the High Speed Index. When signal is generated, we enter when price close breaks the previous two wave structure Support Level
PRL - Plutus Reversal Long, this is when the price will go in the opposite direction of the wave with the High Speed Index.
PRS - Plutus Reversal Short, same as above, this is when the price will go in the opposite direction of the wave with the High Speed Index.
PFL - Plutus Fake Long, this when price will do a fast break of the previous down swing bottom and then comes back within the previous swing range (fake break)
PFL - Plutus Fake Short, this when price will do a fast break of the previous up swing top and then comes back within the previous swing range (fake break)
WU - Wyckoff Upthrust plutus (short signal)- this is when the last two swings resemble(are) Wyckoff's UpThrust pattern price swings. This resemblance together with Speed Index criteria and price break of structure create this signal.
WS - Wyckoff Spring plutus(long signal)- this is when the last two swings resemble(are) Wyckoff's pattern price swings. This resemblance together with Speed Index criteria and price break of structure create this signal.
How to use it
Draw Support/Resistance and Fib - usually supply and demand imbalance happens at his level
First and most important of all adjust AutoSesnsitivity to get your swings correct, meaning that are catching the tops and bottoms of each price wave swing.
Monitor Speed Index behavior. Be alerted from Abnormal Speed Index number. You can also set using the Extreme Threshold parameter that provide you an alert if the current Speed Index is above or below average Speed Index of x waves back and also meets the min and max bar criteria. For example if we would like to be alerted for a an Abnormal Speed Index of a Slow wave of at 3 bars then we have set the Min Slow Bar parameter to 3, the Extreme Threshold parameter to 0.5 (50%) and the Avg Waves back to 8 then an alert will be produced if the wave before the forming has at least 3 bars and the Speed Index of the wave is 50% higher than the Average Speed Index calculated from 8 waves back. For a Fast wave we can set the Min Fast Bars to 1, Extreme Threshold to 50% and Avg Waves back to 8 which means that we will get an alert if the wave before the forming one has at least 1 bar and it's Speed Index is at least 50% less than the Speed Index Average of 8 waves back.
Plutus signals provide buy and sell entries after specific criteria have been met. These signals have a higher success rate when price is exiting a range or when price is leaving from Support/Resistance or Fib. Consider Plutus signals invalid within a range unless is the exit of the range (Range Break)
What makes it unique
The ability to identify, quantify and be alerted of the Change in Behavior of waves swings when compared with recent previous wave swings making it easier for the trader to be notified about Supply / Demand imbalance. Furthermore, another unique point of this indicator is the Plutus signals providing buy and sell entries. Plutus entries take into consideration this Abnormal Behavior, the wave swings structure and price location.
Example Trades
Wyckoff Up- rust formation strategy- Reading the chart
1. We have broken a Resistance Level with a Fast Speed Index of 0.7F
2. Abnormal Speed Index of 2.3 provides the alert for abnormal Speed Index behavior. There is not a high Speed Index like that in all the up wave swings which automatic makes it abnormal Supply Demand imbalance.
3. WU - Wyckoff Up-trust plutus signal has been created, which means Short.
4. PRS - Plutus Reversal Short also created at the same location which makes the Short even a higher probability trade
5. Entry: We enter Short on the close of the bar
Exit from Range Strategy - Reading the chart
1. We are in a Ranging environment
2. PS and PRS are invalid signals because according to the rules mentioned previously we do not trade any signals created within the range when the price does not break the range.
3. PRL - Plutus Reversal Long which means that price will move in the opposite direction of the High Speed Index (the 2.2) is a valid signal since price breaks the top of the range
4. Entry Long after breaking the top of the range
PRL after Support hit Strategy and Exit from Range Strategy - Reading the chart
In this we have two different strategies available. The first one is Plutus Reversal Long signal after hitting support and the second on an Exit from Range.
The Story:
1. We have hit support (double bottom)
2. Speed Index 2.2 at the bottom is on the High side, not too extreme but on the high side.
3. A PRL long signal is generated which means that price will move in the opposite direction of the 2.2 Speed Index
4. Entry Long on the close of the bar- This trade has provided 482 pips of profit
5. Price goes into Range
6. Classic textbook strategy Exit from Range with Plutus. We get a PL Plutus Long signal which means price will follow the directions of the high Speed Index wave and in this case is the 2.7 wave
7. Entry Long after the range break. This trade provided 384 pips up to now.
Display Trade Volume with MA Angle and Price VelocityThis Pine Script indicator is designed to provide traders with a visual representation of trade volume, moving average (MA) angle, and price velocity on a chart. The primary components of this indicator are:
Trade Volume: The indicator compares the current bar's trade volume with the average volume over a user-defined lookback period. The volume is displayed as either "Low" or "Trade" in a table, with red or green background color, respectively, to indicate whether it's below or above the average volume.
MA Angle: The indicator calculates the angle of the moving average (either Simple, Exponential, or Hull) over a user-defined length. A positive angle is shown in green, while a negative angle is shown in red. The angle is displayed in degrees in the table.
Price Velocity: This component calculates the velocity of price movement by comparing the difference between high and low prices over a user-defined lookback period. It then displays the velocity as either "Slow" or "Fast" in the table, with red or green background color, respectively, depending on whether it's below or above the average difference.
The indicator also includes alert conditions for high and low volume situations, notifying the trader when the current bar's volume is significantly higher or lower than the average volume.
ETH Volume*Close Top Exchanges in millions $The script is designed to create a custom indicator that calculates the total volume of Ethereum traded on various exchanges, calculated in millions of dollars, and then plots a histogram of that volume along with a Simple Moving Average (SMA) of the volume.
The script starts by setting some input parameters such as the length of the SMA and the range period. It then requests data on the volume of Ethereum traded on several exchanges such as Binance, Coinbase, Kraken, and others. It calculates the combined total volume across all these exchanges and multiplies it by the close price of Ethereum to get a value in millions of dollars.
The script then checks if the volume is rising while the price is lower than the previous 5 bars high and higher than the previous 5 bars low, and if so, it sets the color of the histogram bars to white. It then plots the histogram bars and the SMA on the chart.
BTC Volume*Close from Top ExchangesThe script is designed to create a custom indicator that calculates the total volume of Bitcoin traded on various exchanges, calculated in millions of dollars, and then plots a histogram of that volume along with a Simple Moving Average (SMA) of the volume.
The script starts by setting some input parameters such as the length of the SMA and the range period. It then requests data on the volume of Bitcoin traded on several exchanges such as Binance, Coinbase, Kraken, and others. It calculates the combined total volume across all these exchanges and multiplies it by the close price of Bitcoin to get a value in millions of dollars.
The script then checks if the volume is rising while the price is lower than the previous 5 bars high and higher than the previous 5 bars low, and if so, it sets the color of the histogram bars to white. It then plots the histogram bars and the SMA on the chart.
ChArt Path"ChArt Path" shows the same datas as the candles, but as a channel, instead of individual candles.
It allows to focus on the direction of the price (instead of wondering the meaning of each candle), which hopefully simplifies the analysis, and reduces the confusion.
Also, it is artistically customizable!
A little time might be necessary to get used to this indicator.
NOTES FOR INSTALLATION:
- Japanese candles might be more expressive than Heiken Ashi, with this indicator.
- Hide the candles in the chart settings (right click on an empty space in the chart, then "Settings", "Symbol", and uncheck "Body", "Borders" and "Wick").
- Add "ChArt Path" to the chart.
- In the indicator's settings, choose the options you prefer. The Advanced setting are tuned by default for dark themes (bgcolor: black/#0a0c12). Feel free to make them your own!
HOW TO READ THE CHART?
- The path is between 2 borders (black by default) that represent the body of the candle (without the wicks).
- The wicks are represented around the path, as a gradient. This makes a price rejection very easy to spot, as a spike for ex.
SETTINGS
The standard settings are simple. You can pick 2 colors (bullish and bearish) for the path. And 1 color for the wicks.
The advanced settings let you customize the wicks' colors and opacity. You can also activate the gradient of volumes inside the path, to indicate the volume behind each candle.
HOW TO USE CHART PATH?
I use it on 2 timeframes (direction/entry), both with FREMA Trend (See below).
When there is a wick spike (price rejection), followed by an arrow signal in FREMA Trend, then there might be an opportunity. I look for confirmations from different origins, like volume, momentum, and cycles.
DO NOT BASE YOUR TRADING DECISIONS ON 1 SINGLE INDICATOR'S SIGNALS.
Always confirm your ideas by other means, like price action and indicators of a different nature.
NOTES ABOUT THE GRADIENT OF VOLUMES:
The more intense is the color, the bigger is the volume.
The unit is a 400 periods moving average of the volumes, considered as 1 volume.
Each color represents half of this volume. For ex: Grays indicate under (or equal) to the 400 MA (low volumes). Bright yellow represents above 7 times the 400 MA (very high volumes).
When there's no available volume datas, the candles turn bright green by default.
Crypto Uptrend Script + Pullback//Volume CandlesDescription: his is an adaption of my Pullback candle - This works on all timeframes and Markets (Forex//Stocks//)
Crypto Uptrend Script with Pullback Candle allows traders to get into a trend when the price is at end of a pullback and entering a balance phase in the market (works on all markets). The use of Moving averages to help identify a Trends and the use of Key levels to help traders be aware of where strong areas are in the market.
This script can work really well in Crypto Bull Runs when used on HTF and with confluences
The script has key support and resistance zones which are made up of quarterly data. Price reacts to these areas but patience is required as price will take time to come into these areas
I have updated the Pullback Candle with the use of Volume to filter out the weak Pullback Candles -
There are new candles to the script.
The First candle is the Bullish Volume Candle - This candle is set to a multiplier of 2x with a crossover of 50/100 on Volume - this then will paint a purple candle.
Uses of the Bullish Volume Candle:
Breakthrough of key areas // special chart patterns
Rejection of key areas
End of a impulse wave (Profit Takers)
The second candle is a Hammer - I prefer using the Hammers on Higher Timeframes however they do work on all timeframes. .
The third candle is a Exhaustion of impulse downward move.
Uses of this candle - can denote a new trend but has to be with confluence to a demand area // support area or with any use of technical analysis - using this alone is not advised
The fourth candle is a indecision candle in the shape of a Doji - this candle can help identify if the trend is in a continuation or a reversal
This script can work really well in Crypto Bull Runs
Disclaimer: There will be Pullbacks with High Volume (Breakouts) and not go the way as intended but this script is to allow traders to get into trends at good price levels. The script can paint signals in areas where price is too expensive so please do your own due diligence on the markets as this script is to help get into good areas of price
Please leave a thumbs up if you like this script and message me for information on how to use the script.
Volume Forecasting [LuxAlgo]The Volume Forecasting indicator provides a forecast of volume by capturing and extrapolating periodic fluctuations. Historical forecasts are also provided to compare the method against volume at time t .
This script will not work on tickers that do not have volume data.
🔶 SETTINGS
Median Memory: Number of days used to compute the median and first/third quartiles.
Forecast Window: Number of bars forecasted in the future.
Auto Forecast Window: Set the forecast window so that the forecast length completes an interval.
🔶 USAGE
The periodic nature of volume on certain securities allows users to more easily forecast using historical volume. The forecast can highlight intervals where volume tends to be more important, that is where most trading activity takes place.
More pronounced periodicity will tend to return more accurate forecasts.
The historical forecast can also highlight intervals where high/low volume is not expected.
The interquartile range is also highlighted, giving an area where we can expect the volume to lie.
🔶 DETAILS
This forecasting method is similar to the time series decomposition method used to obtain the seasonal component.
We first segment the chart over equidistant intervals. Each interval is delimited by a change in the daily timeframe.
To forecast volume at time t+1 we see where the current bar lies in the interval, if the bar is the 78th in interval then the forecast on the next bar is made by taking the median of the 79th bar over N intervals, where N is the median memory.
This method ensures capturing the periodic fluctuation of volume.
Indicatore volatilità v5 con segnali------------- INGLESE -------------
This indicator uses an exponential moving average (HMA) of the length specified by the user to calculate market volatility. Volatility is calculated by multiplying the Average True Range (ATR) by the simple moving average (SMA) of the volume.
The code uses colors to display market conditions. If the closing price is above the HMA, the columns turn green. If the closing price is below the HMA, the columns turn red. If volatility is below the SMA of volatility multiplied by the user-specified sideways volatility threshold, the columns turn orange.
In addition, the code uses the Rate of Change (ROC) to generate buy and sell signals. If the ROC is positive and the columns are green, a buy signal is generated and the columns turn black. If the ROC is negative and the columns are red, a sell signal is generated and the columns turn purple.
In summary, this indicator uses colors to display market conditions and help the user enter and exit the market based on volatility.
If you like this indicator give me a boost and leave a comment!! Thank you!
------------- ITALIANO -------------
Questo indicatore utilizza una media mobile esponenziale (HMA) della lunghezza specificata dall’utente per calcolare la volatilità del mercato. La volatilità viene calcolata moltiplicando l’Average True Range (ATR) per la media mobile semplice (SMA) del volume.
Il codice utilizza i colori per visualizzare le condizioni di mercato. Se il prezzo di chiusura è superiore all’HMA, le colonne diventano verdi. Se il prezzo di chiusura è inferiore all’HMA, le colonne diventano rosse. Se la volatilità è inferiore alla SMA della volatilità moltiplicata per la soglia di volatilità laterale specificata dall’utente, le colonne diventano arancioni.
Inoltre, il codice utilizza il Rate of Change (ROC) per generare segnali di acquisto e vendita. Se il ROC è positivo e le colonne sono verdi, viene generato un segnale di acquisto e le colonne diventano nere. Se il ROC è negativo e le colonne sono rosse, viene generato un segnale di vendita e le colonne diventano viola.
In sintesi, questo indicatore utilizza i colori per visualizzare le condizioni di mercato e aiutare l’utente a entrare e uscire dal mercato in base alla volatilità.
Se ti piace questo indicatore mettimi un boost e lascia un commento!! Grazie!
Volume DockThis oscillator has two different modes:
The first one called RSIs is a comparison between the Relative strength index of the Accumulation/Distribution (and the On Balance Volume) and the normal price, to analyze the differences in momentum between the price with volume and without.
The second one, called Dock, is similar except for the fact that the lines are smoothed using the hull moving average formula, this mode is great to signal entries and for reversal analyzing.
Weis Wave Volume - Simple labels and comparisonThis script is designed to identify and display the Weis Wave Volume on a chart. The Weis Wave Volume is a volume-based indicator that helps traders analyze market waves, identify trend reversals, and assess the strength of a trend. The script calculates wave volume based on user-defined input parameters, detects price waves, and displays the results as labels on the chart.
This version in particular is based on ideas from @the_MarketWhisperer and some other pieces of the script from @LucF.
The overall functionality of the script is to identify price waves and their corresponding volume. It does this by determining the trend direction and detecting trend reversals based on user-defined inputs such as the Trend reversal length and Price source for trend detection. The script also calculates and displays the cumulative volume of the current wave, the number of bars in the wave, the average volume in the wave, and consecutive increasing average volume bars in the same wave:
- An 'o' is printed to show that the volume of the current wave was 'O'ver/ above the count of the volume from preceding wave (regardless of it being up or down).
- An 'u' is printed to show that the volume of the current wave was 'U'nder/ below the count of the volume from preceding wave (regardless of it being up or down).
- Current wave will be between ' ' signaling that the wave is not confirmed yet.
- Actual values for the wave are available as tooltips. You decide how many bars to show the labels for, but for now and since I am a fan of clean charts, this is set to 50.
The user can adjust various inputs that affect the output of the script, such as Trend reversal length, Price source for trend detection, Labels for X last bars. Adjusting these inputs allows the trader to customize the script's behavior to better suit their trading style or specific market conditions. For example, by increasing the Trend reversal length, the script will require more consecutive bars in the opposite direction to confirm a trend reversal, potentially filtering out shorter-term price fluctuations. Similarly, adjusting the Price source for trend detection allows the user to base trend calculations on different price values, such as the high, low, or close of each bar.
In addition to the customizable inputs, the user can enable or disable the display of pivot markers and choose the colors for the up and down volume labels. This helps the trader to easily visualize and analyze the wave volume information on the chart.
In summary, this script offers traders a powerful tool for visualizing and analyzing the Weis Wave Volume on a chart. By identifying price waves, detecting trend reversals, and providing insights into the strength of a trend based on volume, the script can be a valuable addition to a trader's technical analysis toolbox. Please note this is not meant to provide any buy or sell signals, it should be rather used to complement your existing analysis.
Have fun and trade wisely ;)
Stochastic Momentum Index (SMI) of Money Flow Index (MFI)"He who does not know how to make predictions and makes light of his opponents, underestimating his ability, will certainly be defeated by them."
(Sun Tzu - The Art of War)
▮ Introduction
The Stochastic Momentum Index (SMI) is a technical analysis indicator that uses the difference between the current closing price and the high or low price over a specific time period to measure price momentum.
On the other hand, the Money Flow Index (MFI) is an indicator that uses volume and price to measure buying and selling pressure.
When these two indicators are combined, they can provide a more comprehensive view of price direction and market strength.
▮ Improvements
By combining SMI with MFI, we can gain even more insights into the market. One way to do this is to use the MFI as an input to the SMI, rather than just using price.
This means we are measuring momentum based on buying and selling pressure rather than just price.
Another way to improve this indicator is to adjust the periods to suit your specific trading needs.
▮ What to look
When using the SMI MFI indicator, there are a few things to look out for.
First, look at the SMI signal line.
When the line crosses above -40, it is considered a buy signal, while the crossing below +40 is considered a sell signal.
Also, pay attention to divergences between the SMI MFI and the price.
If price is rising but the SMI MFI is showing negative divergence, it could indicate that momentum is waning and a reversal could be in the offing.
Likewise, if price is falling but the SMI MFI is showing positive divergence, this could indicate that momentum is building and a reversal could also be in the offing.
In the examples below, I show the use in conjunction with the price SMI, in which the MFI SMI helps to anticipate divergences:
In summary, the SMI MFI is a useful indicator that can provide valuable insights into market direction and price strength.
By adjusting the timeframes and paying attention to divergences and signal line crossovers, traders can use it as part of a broader trading strategy.
However, remember that no indicator is a magic bullet and should always be used in conjunction with other analytics and indicators to make informed trading decisions.
Volume-Weighted Closing Range (TG Fork)Volume-weighted closing range of each bar. Closing range is (high - close) relative to the length of the wick (high - low). A close at the top of the wick would be 100%, middle 50%, bottom 0%. This is then multiplied by volume to weight towards high volume bars.
A moving average is applied to visualize trend in volume-weighted closing range over time.
Options include changing the threshold of bullish closes. The default is 50%, but you can view a close above 40% as a bullish .
How to use:
Columns indicate per-bar closing range, and can be used as either a buying-selling pressure indicator, or as an overreaction detector (eg, bars that are abnormally big can be used to start a fading/contrarian trade next bars). Green means the bar closed in the upper range, red in the lower range.
The cloud is the moving average over several bars (by default using EMA). This tends to represent sentiment over a period of time, and hence trend/momentum. Can be used in any timescale, even on weekly, then this represents the market cycles.
If you like this indicator, please show the original author your appreciation:
VWAP Rate of ChangeVWAP Rate of Change Indicator
Description :
The VWAP Rate of Change (ROC) indicator is a tool that can help traders identify the strength of a trend and potential reversal points.
How to Use:
Trend Strength: Traders can use the EMA of the VWAP ROC as an indicator of trend strength. If the oscillator is above 50, it suggests that the trend is bullish, and if it's below 50, it suggests that the trend is bearish.
Overbought/Oversold: Traders can use the VWAP ROC as an overbought/oversold indicator. If the oscillator is above a certain level (e.g., 70), it suggests that the price is overbought, and if it's below a certain level (e.g., 30), it suggests that the price is oversold.
Divergence: Traders can look for divergences between the VWAP ROC and the price. For example, if the price is making higher highs, but the VWAP ROC is making lower highs, it suggests that the trend is losing strength, and a reversal may be imminent.
Confirmation: Traders can use the VWAP ROC as a confirmation indicator for other technical analysis tools. For example, if a trader identifies a potential trade setup using another indicator, they can use the VWAP ROC to confirm the direction of the trend before entering a trade.
Features:
Customizable input variables, including price, length, and VWAP ROC length
Ability to toggle a table to display current VWAP ROC value
Dotted line at the neutral level (50) for easier visualization
