Order Block Price Action Strategyfor a strategy that trades based off the price action using the high vol area that are located using weekly, daily and 4hr time frame order blocks that would tell you to enter after it retest
Объем
VPA Volume Price AverageDescription:
This indicator displays a moving average of volume and its signal line in a separate pane, with conditional highlighting to help interpret buyer and seller pressure. It’s based on two main lines:
Volume Moving Average (red line) : represents the average volume calculated over a configurable number of periods.
Signal Line of the Volume Moving Average (blue line): this is an average of the volume moving average itself, used as a reference for volume trends.
Key Features
Volume Moving Average with Conditional Highlighting:
The volume moving average is plotted as a red line and changes color based on two specific conditions:
The closing price is above its moving average, calculated over a configurable number of periods, indicating a bullish trend.
The volume moving average is greater than the signal line, suggesting an increase in buyer pressure.
When both conditions are met, the volume moving average turns green. If one or both conditions are not met, the line remains red.
Signal Line of the Volume Moving Average:
The signal line is plotted in blue and represents a smoothed version of the volume moving average, useful for identifying long-term volume trends and as a reference for the highlighting condition.
Customizable Periods
The indicator allows you to set the periods for each average to adapt to different timeframes and desired sensitivity:
Period for calculating the volume moving average.
Period for calculating the signal line of the volume moving average.
Period for the price moving average (used in the highlighting condition).
How to Use
This indicator is especially useful for monitoring volume dynamics in detail, with a visual system that highlights conditions of increasing buyer strength when the price is in an uptrend. The green highlight on the volume moving average provides an intuitive signal for identifying potential moments of buyer support.
Try it to gain a clearer and more focused view of volume behavior relative to price movement!
Volume Colors with Dynamic MA Threshold [QuantHound]This indicator displays volume on a separate chart panel, colored according to Wyckoff theory. Bright green and red colors represent high-volume events, while gray signifies low volume. The included moving average (SMA) dynamically adjusts based on the timeframe you are viewing: for example, it uses a 50-period SMA for daily charts, a 20-period SMA for weekly charts, and a 12-period SMA for monthly and higher timeframes by default. This allows the indicator to more accurately capture institutional activity across different timeframes.
When applied to the daily chart, this indicator can help identify potential institutional buying or selling activity. The bright colors make it easier to identify key support and resistance levels and validate whether trend lines are respected by larger players. Low volume (indicated by grey colors) along a trend line usually indicates a weakening trend.
The same applies to support and resistance levels: to verify their significance, check for high volume at these levels, especially on the daily chart.
This differs from other similar volume indicators because it allows different thresholds for different timeframes and clearly indicates the different levels of volumes you should be concerned with, low volume (grey), average volume (yellow line), high volume (bright colors, above yellow line) and extreme volume (above the orange line).
EMA with VolInput Parameters:
len9: Length for the shorter EMA (default is 9).
len20: Length for the longer EMA (default is 20).
src: Data source for the EMAs, set to the closing price.
volumeThreshold: Volume multiplier threshold to check if the current volume is greater by a specific percentage compared to the previous candle.
Calculating EMAs:
ema9: The 9-period EMA.
ema20: The 20-period EMA.
Plotting EMAs:
The script plots ema9 in blue and ema20 in black.
Identifying Crossovers and Crossunders:
bullishCross: A crossover event where ema9 crosses above ema20.
bearishCross: A crossunder event where ema9 crosses below ema20.
Volume Condition:
Checks if the current volume is greater than the specified multiplier times the previous volume.
Generating Buy and Sell Signals:
strongBuySignal: A strong buy signal occurs when there's a bullish crossover, and the volume condition is met.
strongSellSignal: A strong sell signal occurs when there's a bearish crossunder, and the volume condition is met.
Plotting Buy and Sell Arrows:
Upward green arrows indicate strong buy signals.
Downward red arrows indicate strong sell signals.
Potential Improvements or Additions:
Customization: You could allow users to adjust the colors or other settings for flexibility.
Alerts: Adding alerts to notify traders when strong buy or sell signals occur.
Filtering Noise: Consider adding additional filters (like using higher time frames or ATR filters) to reduce false signals.
Multi-Anchored VWAP with Projections📊 5-in-1 Anchored VWAP with Smart Projections
Harness the power of multiple Anchored VWAPs in one clean indicator! Perfect for tracking key market shifts and identifying significant price levels across different timeframes.
🔥 Key Features:
5 independent VWAP lines with custom anchor dates
Forward price projections for each VWAP (Linear or Exponential)
Individual color customization for each line
Show/hide toggles for flexible chart management
Clean, optimized code for smooth performance
💡 Use Cases:
Track multiple significant market events simultaneously
Monitor VWAPs from different timeframes in one view
Identify key support/resistance levels
Analyze price action relative to multiple anchor points
Project future price levels based on VWAP trajectories
⚙️ Full Customization:
Set specific dates and times for each VWAP
Choose between linear and exponential projections
Adjust projection length and lookback period
Customize colors for both VWAP lines and projections
Control line visibility with individual toggles
📌 Perfect For:
Day traders tracking intraday levels
Swing traders monitoring longer-term trends
Position traders analyzing major market shifts
Anyone seeking to reduce chart clutter while maintaining multiple VWAPs
🎯 Pro Tip: Use different colors for different timeframes or market events to create a clear visual hierarchy on your charts.
Enjoy the indicator! Don't forget to like and leave feedback if you find it useful!
4 VWAP (D,W,M,A)This is an indicator that combines the seasonality of 4 VWAPs, session, weekly, monthly, and yearly, perfect to indicate trends or to see the right price on the asset.
kishore volumebased on volumes buying pressure and selling pressure it calculate overall strength of volumes
9EMA SlapperThe 9EMA Slapper is your all-in-one solution for catching trend reversals and volume surges. This powerful indicator combines the 9-period EMA with multi-level volume strength analysis, delivering precise buy and sell signals based on dynamic volume trends. Here’s what makes it stand out:
Key Features 🚀
9EMA for Trend Detection
The 9-period EMA serves as the backbone, highlighting short-term trends and crossovers.
Uptrend & downtrend states switch based on price crossing above or below the EMA.
Dynamic Volume Analysis 📊
Detects volume strength with a customizable threshold, focusing on the 20-period moving average for better accuracy.
Highlights "Buy" and "Sell" volumes separately, allowing you to see the power behind each move.
Multi-Bar Volume Confirmation 🔥
Tracks volume strength over 1 to 5 bars, where:
1-Bar Signal: Initial sign of strong volume
5-Bar Signal: Extreme volume strength, often hinting at major moves ahead.
Customizable bar confirmation (1-5 bars) to catch trends early or wait for added confirmation.
Signal Alerts with Style 🎯
Clearly plotted signals for bullish/bearish trends:
1-5 bar signals appear as labels on your chart for easy visualization.
Color-coded for clarity, from lime green (1-bar) to bright white (5-bar).
Alerts for every signal, so you won’t miss a beat even when away from the chart.
Candle Coloring & Day Breaks 🌄
Candles change color dynamically based on trend direction and volume strength:
Strong Uptrend: Bright green
Strong Downtrend: Bold red
Subtle day breaks to enhance chart readability.
When to Use 📈
Trend Reversals: Catching the switch in trends as price crosses the 9EMA with volume confirmation.
Volume Surges: Identifying when volume surges beyond the average, suggesting stronger momentum.
Multi-Level Confirmation: See signals between early 2-bar signals or wait for solid 5-bar confirmations, ideal for different trading styles.
With 9EMA Slapper, you get a powerful tool for tracking market momentum and volume strength. Try it out, catch those signals, and make better trading decisions! 📉📈
Volume/Market Cap Oscillatorvol/mc*100
Simple plot on chart of the vol/mc ratio, works only on cryptocap tickets.
Ultimate Aggregate Market Indicator with real predicitionsthis script is very good at predicting the future outcomes
ROCnRollThe ROCnRoll indicator can be used on any asset and aims to generate bullish or bearish signals based on market trends, assisting investors in making buy or sell decisions.
This technical indicator combines two well-known and complementary indicators:
The Rate of Change (ROC)
The Exponential Moving Average (EMA)
With these two tools, the ROCnRoll indicator accurately, precisely, and flexibly reflects the volatility of the analyzed asset prices.
Effective Volume (ADV) v3Effective Volume (ADV) v3: Enhanced Accumulation/Distribution Analysis Tool
This indicator is an updated version of the original script by cI8DH, now upgraded to Pine Script v5 with added functionality, including the Volume Multiple feature. The tool is designed for analyzing Accumulation/Distribution (A/D) volume, referred to here as "Effective Volume," which represents the volume impact in alignment with price direction, providing insights into bullish or bearish trends through volume.
Accumulation/Distribution Volume Analysis : The script calculates and visualizes Effective Volume (ADV), helping traders assess volume strength in relation to price action. By factoring in bullish or bearish alignment, Effective Volume highlights points where volume strongly supports price movements.
Volume Multiple Feature for Volume Multiplication : The Volume Multiple setting (default value 2) allows you to set a multiplier to identify bars where Effective Volume exceeds the previous bar’s volume by a specified factor. This feature aids in pinpointing significant shifts in volume intensity, often associated with potential trend changes.
Customizable Aggregation Types : Users can choose from three volume aggregation types:
Simple - Standard SMA (Simple Moving Average) for averaging Effective Volume
Smoothed - RMA (Recursive Moving Average) for a less volatile, smoother line
Cumulative - Accumulated Effective Volume for ongoing trend analysis
Volume Divisor : The “Divide Vol by” setting (default 1 million) scales down the Effective Volume value for easier readability. This allows Effective Volume data to be aligned with the scale of the price chart.
Visualization Elements
Effective Volume Columns : The Effective Volume bar plot changes color based on volume direction:
Green Bars : Bullish Effective Volume (volume aligns with price movement upwards)
Red Bars : Bearish Effective Volume (volume aligns with price movement downwards)
Moving Average Lines :
Volume Moving Average - A gray line representing the moving average of total volume.
A/D Moving Average - A blue line showing the moving average of Accumulation/Distribution (A/D) Effective Volume.
High ADV Indicator : A “^” symbol appears on bars where the Effective Volume meets or exceeds the Volume Multiple threshold, highlighting bars with significant volume increase.
How to Use
Analyze Accumulation/Distribution Trends : Use Effective Volume to observe if bullish or bearish volume aligns with price direction, offering insights into the strength and sustainability of trends.
Identify Volume Multipliers with Volume Multiple : Adjust Volume Multiple to track when Effective Volume has notably increased, signaling potential shifts or strengthening trends.
Adjust Volume Display : Use the volume divisor setting to scale Effective Volume for clarity, especially when viewing alongside price data on higher timeframes.
With customizable parameters, this script provides a flexible, enhanced perspective on Effective Volume for traders analyzing volume-based trends and reversals.
Salman Indicator: Multi-Purpose Price ActionSalman Indicator: Multi-Purpose Price Action Tool for Pin Bars, Breakouts, and VWAP Anchoring
This indicator provides a comprehensive suite of price action insights, designed for active traders looking to identify key market structures and potential reversals. The script incorporates a Quarterly VWAP for trend bias, marks pin bars for possible reversal points, highlights outside bars for volatility signals, and indicates simple breakouts and pivot-level breaks. Customizable settings allow for flexibility in various trading styles, with default settings optimized for daily charts.
Outside Bars : Represented by an ⤬ symbol on the chart, these indicate bars where the current high is greater than the previous bar’s high, and the low is lower than the previous bar’s low, signaling high volatility and potential market reversals.
Pin Bars : Denoted by a small dot at the top or bottom of a candle’s wick, these are crucial signals of potential reversal areas. Pin bars are identified based on the percentage length of their shadows, with adjustable strictness in settings.
Quarterly VWAP : The light blue line on the chart represents the VWAP (Volume-Weighted Average Price), which is anchored to the Quarterly period by default. The VWAP acts as a directional bias filter, helping you to determine underlying market trends. This period, source, and offset are fully adjustable in the script’s settings.
Simple Breaks : Hollow candles on the chart indicate "simple breaks," defined when the current bar closes above the previous high or below the previous low. This is an effective way to highlight directional momentum in the market.
Bonus Pivot Breaks : The tilde symbol ~ appears when the price closes above or below prior pivot high/low levels, helping traders spot significant breakout or breakdown points relative to recent pivots.
Alerts
Simple Breaks : Alerts you when a breakout occurs beyond the previous bar’s high or low. Pin Bars : Notifies you of potential reversal points as indicated by bullish or bearish pin bars. Outside Bars : Triggers an alert whenever an outside bar is detected, indicating possible volatility changes.
How to Use
VWAP for Trend Bias : Use the Quarterly VWAP line to gauge overall market trend, with settings that allow adjustment to daily, weekly, monthly, or even larger time frames.
Pin Bars for Reversal Potential : Look for the dot markers on candle wicks, where the strictness of the pin bar detection can be adjusted via settings to match your trading preference.
Simple and Pivot Breaks for Momentum : Watch for hollow candles and the tilde symbol ~ as indicators of potential breakout momentum and pivot break levels, respectively.
This script can serve traders on multiple timeframes, from daily to weekly and beyond. The flexible configuration allows for adjustments in VWAP anchoring and pin bar criteria, providing a tailored fit for individual trading strategies.
David_candle length with average and candle directionThis indicator,
calculates the difference between the highest and lowest price (High-Low difference) for a specified number of periods and displays it in a table. Here are the functions and details included:
Number of Periods: The user can define the number of periods (e.g., 10) for which the High-Low differences are calculated.
Table Position: The position of the table that displays the results can be selected by the user (top left, top right, bottom left, or bottom right).
High-Low Difference per Candle: For each defined period, the difference between the highest and lowest price of the respective candle is calculated.
Candle Direction: The color of the displayed text in the table changes based on the candle direction:
Green for bullish candles (close price higher than open price).
Red for bearish candles (close price lower than open price).
White for neutral candles (close price equal to open price).
Average: Below the High-Low differences, the average value of the calculated differences is displayed in yellow text.
This indicator is useful for visually analyzing the volatility and movement range within the recent candles by highlighting the average High-Low difference.
Yusuf - alsat...//@version=5
indicator("Yusuf & ChatGPT - En İyi Gösterge", overlay=true)
// Parametreler
length = input.int(14, title="RSI Periyodu")
rsiOverbought = input.int(70, title="RSI Aşırı Alım", minval=1, maxval=100)
rsiOversold = input.int(30, title="RSI Aşırı Satım", minval=1, maxval=100)
bbLength = input.int(20, title="Bollinger Bands Periyodu")
bbMultiplier = input.float(2.0, title="Bollinger Bands Çarpanı")
supertrendLength = input.int(10, title="Supertrend Periyodu")
supertrendMultiplier = input.float(3.0, title="Supertrend Çarpanı")
// RSI Hesaplaması
rsiValue = ta.rsi(close, length)
// Bollinger Bands Hesaplaması
basis = ta.sma(close, bbLength)
bbUpper = basis + bbMultiplier * ta.stdev(close, bbLength)
bbLower = basis - bbMultiplier * ta.stdev(close, bbLength)
// Supertrend Hesaplaması
= ta.supertrend(supertrendMultiplier, supertrendLength)
// Al/Sat Koşulları
buySignal = (rsiValue < rsiOversold) and (close < bbLower) and (direction > 0)
sellSignal = (rsiValue > rsiOverbought) and (close > bbUpper) and (direction < 0)
// Sinyalleri Grafikte Göster
plotshape(series=buySignal, location=location.belowbar, color=color.green, style=shape.labelup, title="Al Sinyali", text="BUY")
plotshape(series=sellSignal, location=location.abovebar, color=color.red, style=shape.labeldown, title="Sat Sinyali", text="SELL")
// Göstergeleri Grafikte Göster
plot(bbUpper, color=color.blue, title="Bollinger Bands Üst")
plot(bbLower, color=color.blue, title="Bollinger Bands Alt")
plot(supertrend, color=color.purple, title="Supertrend")
hline(rsiOverbought, "RSI Aşırı Alım", color=color.red)
hline(rsiOversold, "RSI Aşırı Satım", color=color.green)
VolWRSI### Description of the `VolWRSI` Script
The `VolWRSI` script is a TradingView Pine Script indicator designed to provide a volume-weighted Relative Strength Index (RSI) combined with abnormal activity detection in both volume and price. This multi-faceted approach aims to enhance trading decisions by identifying potential market conditions influenced by both price movements and trading volume.
#### Key Features
1. **Volume-Weighted RSI Calculation**:
- The core of the script calculates a volume-weighted RSI, which gives more significance to price movements associated with higher volume. This helps traders understand the strength of price movements more accurately.
2. **Abnormal Activity Detection**:
- The script includes calculations for abnormal volume and price changes using standard deviation (SD) multiples. This feature alerts traders to potential unusual activity, which could indicate upcoming volatility or market manipulation.
3. **Market Structure Filtering**:
- The script assesses market structure by identifying pivot highs and lows, allowing for better contextual analysis of price movements. This includes identifying bearish and bullish divergences, which can signal potential reversals.
4. **Color-Coded Signals**:
- The indicator visually represents market conditions using different bar colors for various scenarios, such as bearish divergence, likely price manipulation, and high-risk moves on low volume. This allows traders to quickly assess market conditions at a glance.
5. **Conditional Signal Line**:
- The signal line is displayed only when institutional activity conditions are met, remaining hidden otherwise. This adds an extra layer of filtering to prevent unnecessary signals, focusing only on significant market moves.
6. **Overbought and Oversold Levels**:
- The script defines overbought and oversold thresholds, enhancing the trader's ability to spot potential reversal points. Color gradients help visually distinguish between these critical levels.
7. **Alerts**:
- The script includes customizable alert conditions for various market signals, including abnormal volume spikes and RSI crossings over specific thresholds. This keeps traders informed in real-time, enhancing their ability to act promptly.
#### Benefits of Using the `VolWRSI` Script
- **Enhanced Decision-Making**: By integrating volume into the RSI calculation, the script helps traders make more informed decisions based on the strength of price movements rather than price alone.
- **Early Detection of Market Manipulation**: The abnormal activity detection can help traders identify potentially manipulative market behavior, allowing them to act or adjust their strategies accordingly.
- **Visual Clarity**: The use of color-coding and graphical elements (such as shapes and fills) provides clear visual cues about market conditions, which can be especially beneficial for traders who rely on quick visual assessments.
- **Risk Management**: The identification of high-risk low-volume moves helps traders manage their exposure better, potentially avoiding trades that may lead to unfavorable outcomes.
- **Reduced Noise with Institutional Activity Filtering**: The conditional signal line only plots when institutional activity conditions are detected, providing higher confidence in signals by excluding lower-conviction setups.
- **Customization**: With adjustable parameters for length, thresholds, and colors, traders can tailor the script to their specific trading styles and preferences.
Overall, the `VolWRSI` script combines technical analysis tools in a coherent framework, aiming to provide traders with deeper insights into market dynamics and higher-quality trade signals, potentially leading to more profitable trading decisions.
Cumulative Volume Delta Custom AlertDescription
This script calculates and visualizes the Cumulative Volume Delta (CVD) on multiple timeframes, enabling traders to monitor volume-based price action dynamics. The CVD is calculated based on up and down volume approximations and displayed as a candle plot, with color-coded alerts when significant changes occur.
Key Features:
Multi-Timeframe Analysis: The script uses a customizable anchor period and a lower timeframe for scanning, allowing it to capture more granular volume movements.
Volume-Based Trend Detection: Plots CVD candles with color indicators (teal for increasing volume delta, red for decreasing), helping traders to visually track volume trends.
Dynamic Alerts for Volume Shifts:
Triggers an alert when there is a significant (over 25%) change in CVD between consecutive periods.
The alert marker color adapts based on the current CVD value:
Blue when the current CVD is positive.
Yellow when the current CVD is negative.
Markers are placed above bars for volume increases and below for volume decreases, simplifying visual analysis.
Customizable Background Highlight: Adds a background highlight to emphasize significant CVD changes.
Use Cases:
Momentum Detection: Traders can use alerts on large volume delta changes to identify potential trend reversals or continuation points.
Volume-Driven Analysis: CVD helps distinguish buy and sell pressure across different timeframes, ideal for volume-based strategies.
How to Use
Add the script to your TradingView chart.
Configure the anchor and lower timeframes in the input settings.
Set up alerts to receive notifications when a 25% change in CVD occurs, with color-coded markers for easy identification.
Lamp_v1_CCILiisule, CCi with adjustable levels.
Mida iganes ma siin kirjutama pean, aga pole õrna aimugi mitu sõna siia vaja on, et saaks indikaator avalikuks tehtud.
Custom Volume for scalping### **Indicator Summary: Custom Volume with Arrow Highlight**
#### **Purpose:**
This indicator visualizes volume bars in a chart, highlighting specific conditions based on volume trends. It displays arrows above the volume bars to indicate potential bullish or bearish market conditions.
#### **Key Features:**
1. **Volume Bars**:
- The indicator plots volume as columns on the chart.
- Volume bars are colored:
- **White** for bullish volume (when the closing price is higher than the opening price).
- **Blue** for bearish volume (when the closing price is lower than the opening price).
2. **Highlight Conditions**:
- The indicator identifies a sequence of three consecutive volume bars:
- The first two bars must be of the same direction (either both bullish or both bearish).
- The third bar must be of the opposite direction.
- Additionally, the third bar's volume must be greater than the previous bar's volume.
3. **Arrow Indicators**:
- When the highlight conditions are met:
- An **upward arrow** ("▲") is placed above the third volume bar for bullish conditions (when the third bar is bullish).
- A **downward arrow** ("▼") is placed above the third volume bar for bearish conditions (when the third bar is bearish).
- The arrows are colored to match the respective volume bar: white for bullish and blue for bearish.
4. **Adjustable Size**:
- The arrows are sized appropriately to ensure visibility without cluttering the chart.
#### **Use Cases:**
- This indicator can help traders identify potential reversals or continuation patterns based on volume behavior.
- It is particularly useful for traders focusing on volume analysis to confirm market trends and make informed trading decisions.
#### **Customization:**
- Users can modify the conditions and visual attributes according to their preferences, such as changing colors, sizes, and label positions.
### **Conclusion:**
The "Custom Volume with Arrow Highlight" indicator provides a straightforward and effective way to visualize volume trends and identify key market conditions, aiding traders in their decision-making processes. It combines the power of volume analysis with clear visual cues, making it a valuable tool for technical analysis in trading.
If you need any further modifications or details, let me know!
Jackson Volume breaker Indication# Jackson Volume Breaker Beta
### Advanced Volume Analysis Indicator
## Description
The Jackson Volume Breaker Beta is a sophisticated volume analysis tool that helps traders identify buying and selling pressure by analyzing price action and volume distribution. This indicator separates and visualizes buying and selling volume based on where the price closes within each candle's range, providing clear insights into market participation and potential trend strength.
## Key Features
1. **Smart Volume Distribution**
- Automatically separates buying and selling volume
- Color-coded volume bars (Green for buying, Red for selling)
- Winning volume always displayed on top for quick visual reference
2. **Real-time Volume Analysis**
- Shows current candle's buy/sell ratio
- Displays total volume with smart number formatting (K, M, B)
- Percentage-based volume distribution
3. **Technical Overlays**
- 20-period Volume Moving Average
- Dynamic scaling relative to price action
- Clean, uncluttered visual design
## How to Use
### Installation
1. Add the indicator to your chart
2. Adjust the Volume Scale input based on your preference (default: 0.08)
3. Toggle the Moving Average display if desired
### Reading the Indicator
#### Volume Bars
- **Green Bars**: Represent buying volume
- **Red Bars**: Represent selling volume
- **Stacking**: The larger volume (winning side) is always displayed on top
- **Height**: Relative to the actual volume, scaled for chart visibility
#### Information Table
The top-right table shows three key pieces of information:
1. **Left Percentage**: Winning side's volume percentage
2. **Middle Percentage**: Losing side's volume percentage
3. **Right Number**: Total volume (abbreviated)
### Trading Applications
1. **Trend Confirmation**
- Strong buying volume in uptrends confirms bullish pressure
- High selling volume in downtrends confirms bearish pressure
- Volume divergence from price can signal potential reversals
2. **Support/Resistance Breaks**
- High volume on breakouts suggests stronger moves
- Low volume on breaks might indicate false breakouts
- Monitor volume distribution for break direction confirmation
3. **Reversal Identification**
- Volume shift from selling to buying can signal potential bottoms
- Shift from buying to selling can indicate potential tops
- Use with price action for better entry/exit points
## Input Parameters
1. **Volume Scale (0.01 to 1.0)**
- Controls the height of volume bars
- Default: 0.08
- Adjust based on your chart size and preference
2. **Show MA (True/False)**
- Toggles 20-period volume moving average
- Useful for identifying volume trends
- Default: True
3. **MA Length (1+)**
- Changes the moving average period
- Default: 20
- Higher values for longer-term volume trends
## Best Practices
1. **Multiple Timeframe Analysis**
- Compare volume patterns across different timeframes
- Look for volume convergence/divergence
- Use higher timeframes for major trend confirmation
2. **Combine with Other Indicators**
- Price action patterns
- Support/resistance levels
- Momentum indicators
- Trend indicators
3. **Volume Pattern Recognition**
- Monitor for unusual volume spikes
- Watch for volume climax patterns
- Identify volume dry-ups
## Tips for Optimization
1. Adjust the Volume Scale based on your chart size
2. Use smaller timeframes for detailed volume analysis
3. Compare current volume bars to historical patterns
4. Watch for volume/price divergences
5. Monitor volume distribution changes near key price levels
## Note
This indicator works best when combined with proper price action analysis and risk management strategies. It should not be used as a standalone trading system but rather as part of a comprehensive trading approach.
## Version History
- Beta Release: Initial public version
- Features buy/sell volume separation, moving average, and real-time analysis
- Optimized for both intraday and swing trading timeframes
## Credits
Developed by Jackson based on other script creators
Special thanks to the trading community for feedback and suggestions
Volume Based Price Prediction [EdgeTerminal]This indicator combines price action, volume analysis, and trend prediction to forecast potential future price movements. The indicator creates a dynamic prediction zone with confidence bands, helping you visualize possible price trajectories based on current market conditions.
Key Features
Dynamic price prediction based on volume-weighted trend analysis
Confidence bands showing potential price ranges
Volume-based candle coloring for enhanced market insight
VWAP and Moving Average overlay
Customizable prediction parameters
Real-time updates with each new bar
Technical Components:
Volume-Price Correlation: The indicator analyzes the relationship between price movements and volume, Identifies stronger trends through volume confirmation and uses Volume-Weighted Average Price (VWAP) for price equilibrium
Trend Strength Analysis: Calculates trend direction using exponential moving averages, weights trend strength by relative volume and incorporates momentum for improved accuracy
Prediction Algorithm: combines current price, trend, and volume metrics, projects future price levels using weighted factors and generates confidence bands based on price volatility
Customizable Parameters:
Moving Average Length: Controls the smoothing period for calculations
Volume Weight Factor: Adjusts how much volume influences predictions
Prediction Periods: Number of bars to project into the future
Confidence Band Width: Controls the width of prediction bands
How to use it:
Look for strong volume confirmation with green candles, watch for prediction line slope changes, use confidence bands to gauge potential volatility and compare predictions with key support/resistance levels
Some useful tips:
Start with default settings and adjust gradually
Use wider confidence bands in volatile markets
Consider prediction lines as zones rather than exact levels
Best applications of this indicator:
Trend continuation probability assessment
Potential reversal point identification
Risk management through confidence bands
Volume-based trend confirmation
Volume TableDisplays a table of volume and short volume.
When chart timeframe is intraday or daily, table will show daily values. If chart is on weekly, table will show weekly values. If chart is on monthly, table will show monthly values.
If a ticker doesn’t have short volume, uncheck “Show Short Volume” in settings for table to work.
Table rows:
Date row (Day/Week/Month) text:
Green when close > open
Red when close < open
White when close equals open
Volume (Vol) row text:
Default: Black
If “Check for inside candles” is checked, when the high and low (or open and close if “Use H/L not O/C” is unchecked) is within the previous time period (day/week/month), text will be white
Volume (Vol) row background:
Default: Gray
Colored based on values and colors set in settings:
>= Very High Volume
>= High Volume
<= Low Volume
<= Very Low Volume
Short Volume (SV) row cell background color:
SV < “Lower Threshold”: Black
“Lower Threshold” <= SV < “Low Threshold”: Gray
“Low Threshold” < SV < First “Short Volume Color Increment”: Silver
“Short Volume Color Increment's (5 million increments by default): purple, blue, teal, green, lime, yellow, orange, red, maroon, white
Short Volume text color is just colored to be visible based on SV cell background.
There are labels that can be displayed to look back at data further back than the table goes (recommend being on the daily timeframe).
