Quantum VRSIThe VRSI indicator is another in the suite of volume indicators we have developed and one that complements our volume price analysis methodology perfectly. and was developed out of a desire to build further on our cornerstone of VPA by peeling back the layers of volume and considering the relative aspect of volume. Hence, the acronym of Volume Relative Strength Index indicator encapsulates what the indicator is all about.
By analyzing relative volume, we are able to see a visual representation of the pressure in a trend, or indeed the lack of pressure, and in doing so, present in a clear, intuitive, and colorful way whether the trend we are trading or considering joining is being driven with constant or rising pressure as it develops. If so, the indicator gives us that all-important ingredient: confidence—namely, the confidence to continue maintaining the position for as long as possible. However, equally important is when we see a trend that is tiring, with falling pressure, sending a strong signal it is time to close out. Alternatively, when there is little or no pressure in the trend, this is a signal to wait and be patient.
These signals are delivered in a variety of ways, primarily through a color change sequence of brighter or darker colors, but equally importantly, based on the height of each pressure bar and its relationship to its neighbor or groups of bars. And herein lies the close relationship to the volume price analysis methodology since the interpretation of both is about judging bars against one in terms of confirmation of trends, such as rising volume and rising pressure bars, or alternatively falling volume and falling pressure bars signaling that the trend is weakening.
The Volume Relative Strength Index indicator, or VRSI, embodies the core concept of volume-price analysis. It blends trading volume data with price to create an indicator for all the various markets and instruments, whether stocks, ETFs, futures, forex, or cryptocurrencies. The result is an intuitive visual representation of the market’s underlying bullish and bearish pressure in the form of an oscillating histogram with varying colors, with the central fulcrum at zero giving a clear indication when sentiment is shifting from bullish to bearish, or vice versa.
Now, for the first time, you can see the strength of the trend represented visually and clearly based on our two leading indicators of relative volume and price, giving you that essential ingredient we all seek: confidence. And just as with all our other indicators, we urge you to use it in multiple timeframes.
Volumepriceanalysis
Quantum VWAP ProThe VWAP indicator is another of our suite of volume indicators and one which was first referred to in 1988 when it appeared in an article entitled “The Total Cost Of Transactions On The NYSE” in the March edition of the Journal Of Finance from that year, which went on to explain its importance, particularly from an institutional perspective, which underpins its significance in appreciating the power and importance of this indicator.
In many ways, it is akin to the volume price analysis methodology itself, as we are merely attempting to follow the footprints in the sand left by their passage and described by volume. The same is true here, but in this case, we are following the institutions in much the same way.
Originally, the VWAP indicator was developed as a benchmark to measure whether an institutional customer received a fair execution of their order by the broker buying and selling on their behalf. The difference between the reported price and the VWAP gave the customer a benchmark against which to judge whether they had received a fair price or not. A portfolio manager for example, wants to know how the price they paid compared to the average price of the stock during the time it took to fill the order. If an order is filled at a worse price than the VWAP, it raises questions as to the ability of the broker. If the broker purchased a million shares at $40.50 and the VWAP during this time was at $40.70, the customer is likely to be happy since they paid 20 cents less than ‘fair value’. Equally, if the stock were purchased above, at, say $40.90 per share, the customer would consider this a poor trade, paying well above the fair value price at the VWAP.
The simplicity of this easy-to-understand benchmark, which creates this fair value price concept, has led to its wholehearted adoption amongst the institutions, and moreover, why algorithmic VWAP orders now dominate institutional market activity. A huge percentage of institutional orders are executed as VWAP orders, which raises two key questions. First of all, why, and second, how can we benefit from using the indicator?
If we start with the why, according to reports from the leading market makers, almost 40% of orders are now executed on this basis as they attempt to obtain a buy or sell price close to or better than the VWAP during the time it takes to complete the buy or sell order. These orders, therefore, help to hugely reinforce the importance of the VWAP since it is the guiding principle on which these orders are based. Even Warren Buffet uses VWAP, as evidenced when he sold his entire position in Southwest Airlines over two days, holding 2.3 million shares.
This highlights the key issues for any large institutional investor involving the price. If executed in a single order, an order to buy a large block of shares would almost certainly swamp the market, raising the price exponentially and, in addition, overwhelm the average volume traded in the day.
It is this issue of putting the price up against their own buying or conversely seeing the price fall as a result of their own selling that leads to the parent and child order scenario where significant block orders are broken into a multitude of smaller orders, which are duly executed over days, weeks or months. It is this aspect of institutional order execution that makes the VWAP such a potent indicator.
However, at Quantum Trading, we don’t just build a single indicator and leave it at that! We always take them to another level, and here we have done the same, bundling together a total of five indicators into one amazing value package so you can select your favorite from those on offer. The reason for this is we recognize the different ways the volume-weighted average price is used, which is why we offer a total of FIVE variants to choose from, and these are as follows:
VWAP – Volume Weighted Average Price
MVWAP – Moving Volume Weighted Average Price
AVWAP – Anchored Volume Weighted Average Price
TWAP – Time Weighted Average Price
Interday Volume Weighted Average Price
All five variants include the option to display upper and lower bands that act as envelopes above and below the VWAP based on standard deviation, which you can adjust and set yourself. These price envelopes become essential dynamic support and resistance levels, which can help predict the extremes of price action as it oscillates around the VWAP from the fastest to the slowest timeframes and everything in between.
All five indicators are packaged into one powerful indicator, which we have named the Quantum VWAP Pro indicator for obvious reasons, and as you would expect, it works in all markets and instruments, whether stocks, futures, ETFs, forex or cryptocurrencies.
Finally, as with all our indicators, we recommend you use it in multiple timeframes.
Unusual Market Volume DetectorIntroduction
Price usually moves in lockstep with the volume trends i.e. price goes higher when there is buying and it goes down when there is selling in the market. But sometimes, the market behaves unusually i.e. Price and volume move in opposite directions. This indicator identifies precisely this divergent behavior in the market!
This script analyses the volume trends by utilizing changes in On Balance Volume (OBV) for the instrument and compares it with the price trend to color the lower panel on your chart window. The color changes as the direction of the OBV trend changes from Up to Down or vice versa. If there is a divergence between the price trend and volume trend, the color will switch to Purple.
Divergence in volume and price trends typically indicate a battle between supply and demand. This may coincide with a change in market direction as well. It is important to know which side won after this battle, as the market will follow that side.
This tool will alert traders of unusual market volume behavior and when both price & volume trends are in sync.
Features
A Purple color in the lower panel indicates that the Volume and Price trends are diverging and are moving in the opposite direction
A Green color in the lower panel indicates that the Volume is trending higher supporting bullish price action
A Red color in the lower panel indicates that the Volume is trending lower supporting bearish price action
How to use the Indicator while Trading?
When the Volume trend matches the price action ( Trend ), you have confirmation of your trade bias. Therefore when you are taking Long trades, you would want to see a Green color in the lower panel and a Red color when you are going Short.
When a Divergence is identified by the tool, as Purple color in the lower panel, Trader can take the following steps:
Take profit or partially close the position if you are in a Trade as this divergence presents
uncertainty
Watch for which color comes up after divergence, that side of the market has a higher
probability of prevailing. For example, a Red color indicates Selling in the market and vice
versa.
Divergence usually precedes a market direction change and therefore Trader can take this
into account when planning Trade bias and position size. Please note a divergence does
not always precede a reversal in the market and can be a temporary phenomenon with no
effect on the price action.
Basic Set-Up
Add the Indicator to the chart
You can change the default colors for Buying Volume, Selling Volume, and Divergence
Use the “Regular Trading Hours” Session in the Chart Settings for the most effective analysis
Please note : On-Balance Volume is a leading indicator but it doesn't provide specific information on exactly what happened or why. Also, a large spike in a single day may throw off the On Balance Volume for a while. Therefore we are focusing on its trend and comparing it with Price Trends for better effectiveness.
Zaree - Bull & Bear Volume VoidThe "Zaree - Bull & Bear Volume Void" (BBVV) indicator is a versatile tool designed to help traders assess the dynamics of bull and bear power in the market, with a focus on volume-based analysis. This indicator offers a range of features that aid in identifying potential shifts in market sentiment and strength.
Details of the Indicator:
Volume Void Color Settings: This indicator allows you to customize the colors used for different conditions, such as strong bull areas, slowing bull areas, strong bear areas, and slowing bear areas. These colors play a crucial role in visualizing the indicator's output.
Volume Void Settings: The BBVV indicator provides options for selecting specific volume void functions, which include "Relative Volume Comparison," "Percentage of Average Volume," "Fixed Volume Threshold," "Volatility-Adjusted Volume," "Compare to Previous Volume Bars," "Volume Percentile Rank," and "Market Session Comparison." Each function has its own criteria for evaluating volume conditions.
Void Bull Sensitivity and Void Bear Sensitivity: These are key parameters in the settings. The values you choose for void bull sensitivity and void bear sensitivity will significantly impact the background color displayed by the indicator. Properly configuring these values is crucial for the indicator's effectiveness.
Moving Average Settings: You can specify the source and length of moving averages used in the indicator. This helps in smoothing out data and providing a clearer picture of bull and bear power.
Void Color Background Conditions: The indicator dynamically changes the background color of the chart based on the current market conditions. It takes into account bull and bear power, as well as the configured sensitivity levels to determine whether the market is in a strong or slowing bull/bear phase.
MACD and Signal Lines: The indicator also displays MACD and signal lines on the chart, helping traders identify potential bullish and bearish crossovers.
Histogram Bars: Histogram bars are used to represent the strength of bull and bear power. Above-zero bars indicate bullish strength, while below-zero bars indicate bearish strength.
How to Use the Indicator:
Begin by customizing the color settings for different market conditions to your preference.
Select a volume void function that aligns with your trading strategy and objectives.
Configure the void bull sensitivity and void bear sensitivity values carefully. These values should reflect your desired sensitivity to volume conditions.
Choose the source and length of moving averages based on your analysis requirements.
Pay attention to the background color of the chart. It will change dynamically based on the current market conditions, providing insights into the strength of bull and bear power.
Observe the MACD and signal lines for potential bullish or bearish crossovers, which can be used as additional confirmation signals.
Interpret the histogram bars to gauge the strength of bull and bear power.
Example of Usage:
As a swing trader with a focus on volume analysis, you can use the BBVV indicator to enhance your trading decisions. Here's an example of how you might use the indicator:
Select "Relative Volume Comparison" as the volume void function to assess volume relative to a simple moving average.
Configure void bull sensitivity and void bear sensitivity to match your risk tolerance and trading style.
Choose "SMA" as the moving average type with a suitable length.
Pay attention to the background color changes in the chart. Strong bull areas may indicate potential bullish opportunities, while strong bear areas may signal bearish conditions.
Monitor the MACD and signal lines for potential crossovers, aligning them with the background color to validate your trading decisions.
Use the histogram bars to assess the strength of bull and bear power, helping you gauge market sentiment.
Remember that the BBVV indicator is a valuable tool to complement your trading strategy. It provides insights into volume dynamics and market conditions, allowing you to make informed trading choices.
Be sure to adjust the indicator settings according to your trading preferences and always consider the broader market context in your analysis.
Volume Profile - BearJust another Volume Profile but you can fit into your chart better by moving back and forth horizontally. also note you can fix the number of bars to show the volume by that way you can use a fib retracment to line up high/low volume nodes with fib levels... see where price as bad structure. or just play with the colors to make a cool gradient?
Volume Profile is a technical analysis tool used by traders to analyze the distribution of trading volume at different price levels within a specified time frame. It helps traders identify key support and resistance levels, potential areas of price reversals, and areas of high trading interest. Here's how to read Volume Profile on a trading chart:
1. **Choose a Time Frame**: Decide on the time frame you want to analyze. Volume Profile can be applied to various time frames, such as daily, hourly, or even minute charts. The choice depends on your trading style and goals.
2. **Plot the Volume Profile**: Once you have your chart open, add the Volume Profile indicator. Most trading platforms offer this tool. It typically appears as a histogram or a series of horizontal bars alongside the price chart.
3. **Identify Key Elements**:
a. **Value Area**: The Value Area represents the price range where the majority of trading volume occurred. It is often divided into three parts: the Point of Control (POC) and the upper and lower value areas. The POC is the price level where the most trading activity occurred and is considered a significant support or resistance level.
b. **High-Volume Nodes**: High-volume nodes are price levels where there was a significant amount of trading volume. These nodes can act as support or resistance levels because they represent areas where many traders had their positions.
c. **Low-Volume Areas**: Conversely, low-volume areas are price levels with little trading activity. These areas may not provide strong support or resistance because they lack significant trader interest.
4. **Interpretation**:
- If the price is trading above the POC and the upper value area, it suggests bullish sentiment, and these levels may act as support.
- If the price is trading below the POC and the lower value area, it suggests bearish sentiment, and these levels may act as resistance.
- High-volume nodes can also act as support or resistance, depending on the price's current position relative to them.
5. **Confirmation**: Volume Profile should be used in conjunction with other technical analysis tools and indicators to confirm trading decisions. Consider using trendlines, moving averages, or other price patterns to validate your trading strategy.
6. **Adjust for Different Time Frames**: Keep in mind that Volume Profile analysis can yield different results on different time frames. For example, a support level on a daily chart may not hold on a shorter time frame due to intraday volatility.
7. **Practice and Experience**: Like any trading tool, reading Volume Profile requires practice and experience. Analyze historical charts, paper trade, and refine your strategies over time to gain proficiency.
8. **Stay Informed**: Stay updated with market news and events that can impact trading volume. Sudden news can change the significance of volume levels.
Linear On MACDUnlocking the Magic of Linear Regression in TradingView
In the ever-evolving world of financial markets, traders and investors seek effective tools to gauge price movements, make informed decisions, and achieve their financial goals. One such tool that has proven its worth over time is linear regression, a mathematical concept that has found its way into technical analysis and trading strategies. In this blog post, we will explore the magic behind linear regression, delve into its history, and understand how it's widely used as a technical indicator.
The Birth of Linear Regression: From Mathematics to Trading
Linear regression is a statistical method that aims to model the relationship between two variables by fitting a linear equation to observed data. The formula for a linear regression line is typically expressed as y = a + bx, where y is the dependent variable, x is the independent variable, a is the intercept, and b is the slope.
While the roots of linear regression trace back to the field of statistics, it didn't take long for traders and investors to recognize its potential in the financial world. By applying linear regression to historical price data, traders can identify trends, assess the relationship between variables, and even predict potential future price levels.
The Linear On MACD Strategy
Let's take a closer look at a powerful example of how linear regression is employed in a trading strategy right within TradingView. The "Linear On MACD" strategy harnesses the potential of linear regression in conjunction with the Moving Average Convergence Divergence (MACD) indicator. The goal of this strategy is to generate buy and sell signals based on the interactions between the predicted stock price and the MACD indicator.
Here's a breakdown of the strategy's components:
Calculation of Linear Regression: The strategy begins by calculating linear regression coefficients for the historical stock price based on volume. This helps predict potential future price levels.
Predicted Stock Price: The linear regression results are then used to plot the predicted stock price on the chart. This provides a visual representation of where the price could trend based on historical data.
Buy and Sell Signals: The strategy generates buy signals when certain conditions are met. These conditions include the predicted stock price being between the open and close prices, a rising MACD, and other factors that suggest a potential bullish trend. On the other hand, sell signals are generated based on MACD trends and predicted price levels.
Risk Management: The strategy also incorporates risk tolerance levels to determine entry and exit points. This ensures that traders take into account their risk appetite when making trading decisions.
Embracing the Magic of Linear Regression
As we explore the "Linear On MACD" strategy, we uncover the power of linear regression in aiding traders and investors. Linear regression, a mathematical marvel, seamlessly merges with technical analysis to provide insights into potential price movements. Its historical significance in statistics blends perfectly with the demands of modern financial markets.
Whether you're a seasoned trader or a curious investor, the Linear On MACD strategy exemplifies how a robust mathematical concept can be harnessed to make informed trading decisions. By embracing the magic of linear regression, you're tapping into a tool that continues to evolve alongside the financial world it empowers.
Disclaimer: The information provided in this blog post is for educational purposes only and does not constitute financial advice. Trading and investing carry risks, and it's important to conduct thorough research and consider seeking professional advice before making any trading decisions.
Exceptional Volume Spike - Potential Trend Reversal IndicatorWhat the Script Does:
The indicator aims to identify potential trend reversal points using the following steps:
Input Parameters: The script has three main input parameters that you can adjust:
relative_volume_threshold: This parameter sets the threshold for what is considered an exceptional volume spike in relation to the average volume.
ema_length: The length of the exponential moving average (EMA) used for smoothing calculations.
lookback_period: The period over which the script calculates potential support and resistance levels.
Relative Volume Calculation: The script calculates the relative volume by dividing the current volume by the average volume over the specified lookback_period.
Exceptional Volume Spikes: The script identifies exceptional volume spikes when the calculated relative volume exceeds the specified relative_volume_threshold.
EMA of Exceptional Volume Spikes: The script calculates the exponential moving average (EMA) of volume spikes. This EMA smooths out the volume spikes over the chosen ema_length.
Trend Direction: The script determines the trend direction using the crossovers of the EMA of exceptional volume spikes. If the EMA crosses above the EMA of regular volume (not spikes), it suggests a potential upward trend reversal. Conversely, if the EMA crosses below, it suggests a potential downward trend reversal.
Support and Resistance Levels: The script calculates potential support and resistance levels based on the highest high (hh) and lowest low (ll) over the specified lookback_period. These levels are then plotted on the chart.
Plot Shapes and EMA: The script plots triangle shapes below the bars for potential upward reversals and above the bars for potential downward reversals. Additionally, it plots the EMA of the closing price with different colors based on the trend direction.
By using this script as an indicator on your chart, you can visually assess potential trend reversal points based on exceptional volume spikes, trend direction crossovers, and support/resistance levels. Remember that this script serves as a tool to assist your analysis, and it's important to combine it with other technical analysis tools and strategies before making trading decisions.
nVPSA - Normalized Volume-Price Spread AnalysisNormalized volume-price spread analysis indicator can be helpfully tool in Tom's William metodology - VSA.
The indicator use normalized data by y/x(max) operation, where x(max) is the biggest value in range. Indicator separate spread to four levels - standard divation is separator.
The indicator graphically shows:
- normalized volume, visualized by wide column,
- normalized price spread, visualized by narrow column,
- linear regression calculated from normalized volume, visualised by crosses,
- linear regression from normalized price spread, visualized by circles.
Columns are marked by five colors according to standard deviation:
- blue xsecond deviation, xfourth deviation,
- gold when volume or price spread achive new maximum in analysis range.
Linear regression uses three colors:
- green when volume/spread is up bar by bar,
- red when volume/spread is down bar by bar,
- black when volume/spread is down two times bar by bar.
Additionally, it is posible to use alarm on Golden Bar. Colors and range values are editable from indicator settings.
ETN - Volume CandleHighlights candlestick based on volume data.
Indicator looks back and analyzing volume to find the volume bar with the largest numerical value
Indicator highlights the corresponding candlestick .
Indicator marks the high and low of that candlestick.
Users can adjust lookback period. Default is set to 50 .
Users can adjust how the indicator plots the high and low.
I currently have the high and low not being displayed on the charts until I come up with a better version.
On my chart, indicator colored the candlesticks YELLOW.
High Volume Candles Detector - Open Source CodeGreetings, fellow traders!
Throughout my trading career, I've been intrigued by the dynamic interplay between candlestick patterns and trading volume. This fascination led me to develop an open-source indicator to help illuminate these patterns for the broader trading community.
Upon researching the Public Library, I found that many indicators relating to candlestick/volume analysis are proprietary and not open-source. This discovery further fueled my commitment to contribute a free, accessible tool that traders of all levels can utilize in their technical analysis.
Thus, I am excited to present to you our High Volume Bars Indicator. A unique tool that I believe fills a gap in the Public Library. I truly hope you find it beneficial in your trading journey and that it empowers you to make more informed decisions.
Description:
The High Volume Bars Detector is designed to help traders identify bars with significantly higher volume than the average. Users can filter in the settings menu:
1) The length of the Simple Moving Average (SMA) for volume, allowing you to define the average volume over a specific number of bars.
2) The Volume Multiplier, a factor that determines how much greater the volume of a bar should be compared to the SMA to qualify as a high-volume bar.
3) The Lookback Period, a specified number of candles used as a comparative benchmark for identifying the highest volume.
4) If the Volume bar is green or red, so if the candle price is --> close > open or open > close
Examples to better understand the logic of the indicator:
1) Length of the Simple Moving Average (SMA) for Volume: This setting allows you to define the average volume over a specific number of bars. For instance, if you set the SMA length to 20, the indicator will calculate the average volume of the past 20 bars and use it as a baseline to identify high volume bars.
2) Volume Multiplier: This is a critical factor that determines the threshold for what constitutes a high-volume bar. If you set the volume multiplier to 2.0, for example, the indicator will flag any bar where the volume is twice the value of the SMA volume as a high-volume bar.
3) Lookback Period: This setting lets you specify the number of candles that the indicator should consider when determining the highest volume. For instance, if the lookback period is set to 14, the indicator will compare the volume of the current bar with the volumes of the previous 14 bars. If the current bar's volume is the highest, it will be flagged.
4) Volume Bar Color: This filter helps you identify whether a high-volume bar is bullish or bearish. If the bar is green (close > open), it suggests buyers were dominant during that period. If the bar is red (open > close), it suggests sellers had the upper hand. By setting this filter, you can choose to focus on high volume bars that are either bullish (green) or bearish (red) or both, depending on your trading strategy.
Remember, these filters offer a level of customization that allows you to tailor the High Volume Bars Detector to your unique trading style and requirements. Always remember to adapt these settings to align with your overall trading plan and risk tolerance.
Keep attention!
It is important to note that no trading indicator or strategy is foolproof, and there is always a risk of losses in trading. While this indicator may provide useful information for making conclusions, it should not be used as the sole basis for making trading decisions. Traders should always use proper risk management techniques and consider multiple factors when making trading decisions.
Support me:)
If you find this new indicator helpful in your trading analysis, I would greatly appreciate your support! Please consider giving it a like, leaving feedback, or sharing it with your trading network. Your engagement will not only help me improve this tool but will also help other traders discover it and benefit from its features. Thank you for your support!
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.
Trend IndicatorThis indicator has different features:
1. Ichimoku = this indicator can plot Ichimoku calculated both in the common formula and with the volume average, you can choose the calculator method for each line.
2. Channel and Bands = this mode allows the user to choose from channel and band, "channel" shows the Keltner channel, and "band" shows the Bollinger bands. Both the indicators are calculated including the volume in the formula of the average midpoint.
3. Color candle = this function allows the user to see two different colors of candles on the chart, the positive color occurs when both the long-term average and the short team average of price calculated using the volume is above the two averages calculated without the volume. This function is great to analyze the volume pressure, useful to identify trend continuation and exhaustion.
4. Extreme reversal zones = this is a version of the Keltner channels calculated over a high number of candles and with high deviation, to identify the potential zones of reversal.
Note that in the "Ichimoku" indicator, the backline is the T.R.A.M.A. indicator, created and published open source by Lux Algo, which I thank for the script.
OBV-MACDThe OBV-MACD indicator is a momentum-based technical analysis tool that helps traders identify trend reversals and trend strength. This Pine script is an implementation of the OBV-MACD indicator that uses the On-Balance Volume (OBV) and Moving Average Convergence Divergence (MACD) indicators to provide a momentum data of OBV.
The OBV-MACD indicator uses the OBV to calculate the cumulative volume, which is then smoothed using two moving averages - fast and slow. The difference between these moving averages is plotted as a histogram, with a signal line plotted over it. A buy signal is generated when the histogram crosses above the signal line, indicating a bullish trend, while a sell signal is generated when the histogram crosses below the signal line, indicating a bearish trend.
This Pine script also includes an OBV-MACD-Donchian version that incorporates Donchian channels for the OBV-MACD. The Donchian channel is a technical analysis indicator that helps traders identify the highs and lows of an asset's price over a certain period. The OBV-MACD-Donchian version uses the OBV-MACD indicator along with the Donchian channels to provide signals that the momentum of OBV is making new high/low during that period of time.
Traders can customize the input parameters of the OBV-MACD indicator, such as the timeframe, method of calculation for the moving averages, and the lengths of the moving averages and breakout lengths. The colors of the plot can also be customized to suit the trader's preferences.
Volume Weighted Average Price (VWAP) with Extras [starlord_xrp]This script builds on the standard VWAP buy adding anchor selections for new High, new Low, and for extreme price moves (Percent Change) that can be significate anchor points for the VWAP. The Percent Change is based on "% Price Change" by OrganicPunch and uses a percentage threshold that can be set in the settings.
Relative Price Volume
Relative Price Volume is an indicator which shows anomalies between price and volume on a chart over a given period. The goal is to identify potential reversal and/consolidation areas for price as it relates to volume. It is a simple variation of a Volume at Price indicators. It can also be used to mark potential support and resistance lines on the chart as the areas it signals is where the price battles are waged.
Settings:
Period = length for which to calculate average candle body and average volume
Long Factor = relative size multiplier to determine if a candle is larger than average or if volume is higher than average
Short Factor = relative size multiplier to determine if a candle is smaller than average or if volume is lower than average
Anomaly Conditions
1. If a candle is larger than average and volume is lower than average, then this is an anomaly, and we should be on alert for a change in momentum.
2. if a candle is smaller than average and volume is higher than average, then this too is an anomaly and should put us on alert.
The indicator will draw a cross on the chart indicating the candle is that is flashing the warning that the run is done and a potential consolidation and/or reversal is pending. Used in conjunction with support and resistance levels this could signal a time to enter or exit a trade.
The default size factors considers a candle or volume:
1. Larger than average if it is 60% or more (.6) larger than average.
2. Smaller than average if it is 40% or less (.4) smaller than average.
Hope this helps! Happy trading!
Volume Spread AnalyzerThis indicator is unseen on Tradingview and wants to be the number 1 indicator for the volume spread analysis. Its formula, as simple as useful, compares the effort (volume) of the candle with the results, or the price movement.
This way it's possible to apply the famous Volume Spread Analysis with a simple and complete indicator that's 100% objective.
This indicator can be used on almost any market, but it gives the best results on markets which has constant and high volume, like forex markets, for example.
There are 4 different modes that you can choose from, and all of the use different approaches and techniques to measure the same concept: the efficiency of the price compared to the effort of buyers and sellers:
1. The first one analyzes the formula for ONLY buy candles and ONLY for sell candles, and then plots the column oscillator to show the difference.
2. The second function shows the same formula but applied to any candle, and then confronts the two lines generated by the effort of the positive candle and the negative one as an area. You also have a single-step line on the chart that shows the real-time single-candle effort to result from efficiency.
3. Comparison between the single candle effort and the average efficiency, useful to filter out bad entry candles that could lead to a stop loss.
4. Absorbion analyzer: with this option, you can choose between the single candle and multi-candle mode.
4.1: Single candle mode display, as a pink circle on the oscillator, the candles that are more likely an absorption.
4.2: Multi-candle mode display the summation of the single candle value, to analyze the entire movement and identify the part of the trend that can be absorbed when compared to the other.
For almost any function o the indicator, the fast line input changes the fast line that you see on the chart (i suggest not increasing it above 3 for optimal results), and the slow line changes the moving average or the area that shows the difference between the other lines, you can set the slow line to 1 to have as a result the simple difference of the other lines, or you can set it to a higher value like 50 to show the middle or long term bias.
Relative Market Status by @WilliamBeliniWhat is the impact for Volume to the Prices?
To respond this question, I formulate the hipótesis if a little Volume change a lot the Price, it's a reversion signal, and if a lot of Volume change a little the price, it´s because the price is established.
This is one of 3 indicators created to improve this hipótesis, named:
1. Relative Volume Prices Index by @WilliamBelini (RVPI)
2. Relative Market Status by @WilliamBelini (RMS)
3. Trade Trigger RVPI by @WilliamBelini (TTR)
- The first show you the effect from volume to the prices, meas the sensibility of the variation;
- The second show you the feeling of the market by cicles, based at the cumulative average sensibility from the RVPI indicator;
- The third show you a trigger to trading positions, with the analysis of the historical RVPI data, based on the normal distribution of the futures price variation, by previos RVPI values and some rules created based on data behaviors identified.
To the end of this work, I can comprove the hipótesis, with simulations trading based from the TTR.
How we can´t monetize our work here, on TradingView platform, I´m disponibilize 2 of 3 indicators for you here free. If you want to have the third, discover how to contact with me (@ ;), and for me will be a pleasure to help you.
Relative Volume Prices Index by @WilliamBeliniWhat is the impact for Volume to the Prices?
To respond this question, I formulate the hipótesis if a little Volume change a lot the Price, it's a reversion signal, and if a lot of Volume change a little the price, it´s because the price is established.
This is one of 3 indicators created to improve this hipótesis, named:
1. Relative Volume Prices Index by @WilliamBelini (RVPI)
2. Relative Market Status by @WilliamBelini (RMS)
3. Trade Trigger RVPI by @WilliamBelini (TTR)
- The first show you the effect from volume to the prices, meas the sensibility of the variation;
- The second show you the feeling of the market by cicles, based at the cumulative average sensibility from the RVPI indicator;
- The third show you a trigger to trading positions, with the analysis of the historical RVPI data, based on the normal distribution of the futures price variation, by previos RVPI values and some rules created based on data behaviors identified.
To the end of this work, I can comprove the hipótesis, with simulations trading based from the TTR.
How we can´t monetize our work here, on TradingView platform, I´m disponibilize 2 of 3 indicators for you here free. If you want to have the third, discover how to contact with me (@ ;), and for me will be a pleasure to help you.
Volume Price and FundamentalsVolume Price and Fundamentals indicators contains 4 exponential moving averages based upon Fibonnaci numbers as period (8, 21, 55 & 144) with crossovers and crossunders.
It also contain a table for volume and 50 Day Avg. Volume, Relative volume, Change in Volume, Volume Value, Up-Down Closing Basis days in last 50 days, Volume ratio (U/D Ratio) on last 50-day Up / Down days and along with fundamental analysis table with various Fundamental Analysis parameters and QoQ & YoY comparison basis for better investment decision making.
Volume ROC and 2nd Derivative by ianhThe purpose of this code is to graph a volume simple moving average (sma) and it's first and second derivatives to provide traders with additional information that might determine if volume is converging or diverging with price. The yellow line represents the volume sma, the red line represents the first derivative or the rate of change of the volume and the green line represents the second derivative or acceleration of volume. For long term trading, if the yellow line is "trending" upwards with higher highs and higher lows it means that volume is supporting the over all long term price trend. If the volume is decreasing over the long term then it is not supporting the current price trend. The first and second derivatives may help short term weekly traders confirm price movements. There are several different conditions to look for:
First (Red) ++ Second (Green) --, Trading volume at the current price has "peaked" and the price may reverse soon.
First (Red) -- Second (Green) ++, Trading volume at the current price has "troughed" and the price may reverse soon.
First (Red) + Second (Green) +, Trading volume is not only increasing but it's accelerating which might confirm a large price movement.
First (Red) - Second (Green) -, Trading volume is not only decreasing but it's decelerating which might indicate little to no price movement.
⚖ Volume BUYxSELL Pressure | by Octopu$⚖ Volume BUYxSELL Pressure | by Octopu$
Volume is the number of shares traded in a particular stock, index, or other investment over a specific period of time.
It can indicate market strength, as rising markets on increasing volume are typically viewed as strong and healthy.
In fact, the more, the better. Institutions tend to get more involved in a stock with daily dollar volume in the hundreds of millions or more
But also, when prices fall on increasing volume, the trend is gathering strength to the downside.
That's where BUYxSELL Pressure | by Octopu$ comes in.
Typically, Volume bars follow the candles.
If the Candle is Green (Close > Open), the Volume Bar is also Green.
Now if the Candle is Red (Close < Open) the Volume Bar is also Red.
You never know if it is being Bought or Sold.
This changes the game: along with Price Action, Trend Direction, and other factors. This is possible!
This indicator is composed of:
Volume itself (all of it), displayed by Gray bars;
Identifies Buying Pressure on Green Bars;
And Selling Pressure with Red Bars.
Volume Average as a White Line, for the last "X" Days
Additionally,
It presents a Yellow Triangle as and indication of when the Volume is above the Average in the current TF you are in.
Additionally, this can be set up via an Input: Means if you like to watch it 10% above Average, you got it. 25%? 50%?... You name it.
On top of that,
Includes an indication for Volume Spike as well. So if informs you visually on the Volume Bars of any surges on the TF you are in.
For example: 2x the Volume from the last Candle. Or maybe 3x? 5x... The way you like it the best.
This way, with the combination of your understanding as well as other Indicator and Factor as Confluence, you can improve your analysis and figure out what is going on.
www.tradingview.com
(SPY 5m as an example only)
SPY
Features:
• Total Volume
• Average Volume
• Buying Pressure
• Selling Pressure
• % Above Average
• Volume Spike/Surge (Multiplier)
• Custom Settings
Options:
• Show/Hide Average Line
• Change Length of Average (Days)
• Select/Personalize % of Above Avg
• Add Personalized X Multiplier
• Fully customizable on Style and Colors
• Change shapes and Location
Notes:
v1.0
Indicator release.
Changes and updates can come in the future for additional functionalities or per requests. Follow and Stay Tuned!
Did you like it? Please Support and Shoot me a message! I'd appreciate if you dropped by to say thanks! Thank you.
- Octopu$
🐙
Volume & Signals
Highlighted large and small volume with solid colors.
Normal bars are the same colors as the built-in volume indicator.
Black bars are where you can Sell into strength
High & Low Of Custom SessionThis script boxes a custom session and sets the box at the high and low of the session and draws that box to the next session.
Box color is determined by price in relation to the box position. Box color is set at the start of the next session. This allows
user to lookback at multiple box sets to see how each day closed in relation to the session highlighted.
I have written this for backtesting purposes and intend to expand it to use with volume analysis and gradient color to change the box color based on how many times price tests
the box.
