Library "bullratio" Calculate the profit/loss ratio of a permabull for configurable time range bullratio(len) calculates the profit/loss ratio for a permabull of age len Parameters: len : the number of candles to include in the running bull ratio - 0 for all time Returns: series float of profit/loss percentage
Description This indicator integrates the functionality of multiple volume price analysis algorithms whilst aligning their scales to fit in a single chart. Having such indicators loaded enables traders to take advantage of potential divergences between the price action and volume related volatility. Users will have to enable or disable alternative algorithms...
Description This indicator is an entry-level script that simplifies volume interpretation for beginning traders. It is a handy tool that removes all the noise and focuses traders on identifying potential smart money injections. Uniqueness This indicator is unique because it introduces the principle of a moving average in the context of volume and then...
Hello All, Relative Volume is one of the most important indicators and Traders should check it while trading/analyzing. it is used to identify whether the volume flows are increasing or decreasing. Relative volume measures current volume in relation to the “usual” volume for this time of the day. What is considered “usual"? For that, we have to use a...
This script identifies potential price reversals at pivot high/low points using sets of 3 candles. Pivot High: The middle candle must have a higher high and a higher low than the two outer candles. Pivot Low: The middle candle must have a lower low and a lower high than the two outer candles. Potential usage: When a market is moving higher in an uptrend, if a...
At its core, this indicator is a variation of my other indicator, Welkin Advanced Volume Overlay (for VSA ) This version is based on the power of multi-timeframe analysis. The basic functionality is simple: Plot lines from the high and low of candles formed during periods of high volume and fill the space between them. The volume levels for deciding what counts...
Hi forks, I'm trader Baekdoosan who trading Equity from South Korea. This Baekdoo baseline will give you the idea of big whale's approximate average price. The idea behind this indicator is to combine volume and price. Here's one of the equation. ... HT4=highest(volume, 250) NewH4=valuewhen(volume>HT4 , (open+close+low+high+close)/5, 1) result4=ema(NewH4,...
What is it? A tool that shows Real-time Volume bars split into 3 components: (1) Market Buy Volume - i.e., the volume that got transacted on upticks; (2) Market Sell Volume - i.e., the volume that got transacted on downticks; and, (3) Neutral Volume - i.e., the volume that got transacted without a change in price. (This feature can be turned off if you want...
What is it? Market Delta Volume Tool for real-time bars A market delta tool that shows, (1) the volume that got transacted on upticks - or the market buy volume; (2) the volume that got transacted on downticks - or the market sell volume (3) the market delta volume (i.e., market buy volume - market sell volume); (4) the total volume (market buy volume + market...
ENGLISH & SPANISH ------------------------------------- ENSLIGH The idea was initially inspired in the concepts shared by @LazyBear on his indicator "Better Volume Indicator" (). But I found it somewhat complicated and dull. So I came up with this. Concept: It changes the color of volume bars based on surrounding volume changes. Volume changes are...
This is a translation of Welkin's Advanced Volume Study Indicator originally written for ThinkOrSwim. This version is simpler than Welkin's and attempts to streamline that basic functionality for beginners to Volume Spread Analysis. This can be used to replace the built-in volume bar with a more advanced version that is designed to facilitate Volume Spread...
This is going to be my first published indicator on Trading View. Thanks for TradingView for providing us this great platform And thanks for all of those who helps me to built this indicator and share there ideas.I cannot mention everyone name here believe me that list going to be huge.Everyone’s idea and help is much appreciated.This is how our...
Level: 1 Background The basic volume analysis is that buyers are in control when the price is increased. The purchase volume takes place at the offer price and represents the lowest advertised price at which sellers sell their shares. When someone buys shares at the current asking price, it shows that someone wants the shares and is included in the purchase...
Freedom of Movement Indicator --------------------------------------------------------- In “Evidence-Based Support & Resistance” article, author Melvin Dickover introduces two new indicators to help traders note support and resistance areas by identifying supply and demand pools. Here you can find the support-resistance technical indicator called "Freedom of...
An intraday indicator which plots the 3 different VWAP. 1. D-VWAP shows VWAP from the first candle of the day 2. W-VWAP shows VWAP from the first candle of the week 3. M-VWAP shows VWAP from the first candle of the month
Quick and dirty mod of this script in order to fit my needs. Added one custom session More user friendly (Enable/disable through inputs menu)
This indicator was originally developed by Stephen J. Klinger (Stocks & Commodities, V.15:12 (December, 1997): "Identifying Trends with Volume Analysis"). NOTE : this is the only correct version of Klinger Volume Oscillator in the public library. Like and follow for more open source indicators! Happy Trading!
Hey! This time I'm going to introduce you to an indicator which catches volume spikes and its respect price change, to give an idea of the following price action. The logic is pretty simple: Value > 1 : High Volume that changed a lot the price, next price action will follow that trend. Value < 1 : Low volume that changed a lot the price, trend is weak. Value = 1 :...