Vwap Z-Score with Signals [UAlgo]The "VWAP Z-Score with Signals " is a technical analysis tool designed to help traders identify potential buy and sell signals based on the Volume Weighted Average Price (VWAP) and its Z-Score. This indicator calculates the VWAP Z-Score to show how far the current price deviates from the VWAP in terms of standard deviations. It highlights overbought and oversold conditions with visual signals, aiding in the identification of potential market reversals. The tool is customizable, allowing users to adjust parameters for their specific trading needs.
🔶 Features
VWAP Z-Score Calculation: Measures the deviation of the current price from the VWAP using standard deviations.
Customizable Parameters: Allows users to set the length of the VWAP Z-Score calculation and define thresholds for overbought and oversold levels.
Reversal Signals: Provides visual signals when the Z-Score crosses the specified thresholds, indicating potential buy or sell opportunities.
🔶 Usage
Extreme Z-Score values (both positive and negative) highlight significant deviations from the VWAP, useful for identifying potential reversal points.
The indicator provides visual signals when the Z-Score crosses predefined thresholds:
A buy signal (🔼) appears when the Z-Score crosses above the lower threshold, suggesting the price may be oversold and a potential upward reversal.
A sell signal (🔽) appears when the Z-Score crosses below the upper threshold, suggesting the price may be overbought and a potential downward reversal.
These signals can help you identify potential entry and exit points in your trading strategy.
🔶 Disclaimer
The "VWAP Z-Score with Signals " indicator is designed for educational purposes and to assist traders in their technical analysis. It does not guarantee profitable trades and should not be considered as financial advice.
Users should conduct their own research and use this indicator in conjunction with other tools and strategies.
Trading involves significant risk, and it is possible to lose more than your initial investment.
Объем
Funding Rate [CryptoSea]The Funding Rate Indicator by is a comprehensive tool designed to analyze funding rates across multiple cryptocurrency exchanges. This indicator is essential for traders who want to monitor funding rates and their impact on market trends.
Key Features
Exchange Coverage: Includes data from major exchanges such as Binance, Bitmex, Bybit, HTX, Kraken, OKX, Bitstamp, and Coinbase.
Perpetual Futures and Spot Markets: Fetches and analyzes pricing data from both perpetual futures and spot markets to provide a holistic view.
Smoothing and Customization: Allows users to smooth funding rates using a moving average, with customizable MA lengths for tailored analysis.
Dynamic Candle Coloring: Option to color candles based on trading conditions, enhancing visual analysis.
In the example below, the indicator shows how the funding rate shifts with market conditions, providing clear visual cues for bullish and bearish trends.
How it Works
Data Integration: Uses a secure security fetching function to retrieve pricing data while preventing look-ahead bias, ensuring accurate and reliable information.
TWAP Calculation: Computes Time-Weighted Average Prices (TWAP) for both perpetual futures and spot prices, forming the basis for funding rate calculations.
Funding Rate Calculation: Determines the raw funding rate by comparing TWAPs of perpetual futures and spot prices, then applies smoothing to highlight significant trends.
Color Coding: Highlights the funding rate with distinct colors (bullish and bearish), making it easier to interpret market conditions at a glance.
In the example below, the indicator effectively differentiates between bullish and bearish funding rates, aiding traders in making informed decisions based on current market dynamics.
Application
Market Analysis: Enables traders to analyze the impact of funding rates on market trends, facilitating more strategic decision-making.
Trend Identification: Assists in identifying potential market reversals by monitoring shifts in funding rates.
Customizable Settings: Provides extensive input settings for exchange selection, MA length, and candle coloring, allowing for personalized analysis.
The Funding Rate Indicator by is a powerful addition to any trader's toolkit, offering detailed insights into funding rates across multiple exchanges to navigate the cryptocurrency market effectively.
Volume Spread Analysis [TANHEF]Volume Spread Analysis: Understanding Market Intentions through the Interpretation of Volume and Price Movements.
█ Simple Explanation:
The Volume Spread Analysis (VSA) indicator is a comprehensive tool that helps traders identify key market patterns and trends based on volume and spread data. This indicator highlights significant VSA patterns and provides insights into market behavior through color-coded volume/spread bars and identification of bars indicating strength, weakness, and neutrality between buyers and sellers. It also includes powerful volume and spread forecasting capabilities.
█ Laws of Volume Spread Analysis (VSA):
The origin of VSA begins with Richard Wyckoff, a pivotal figure in its development. Wyckoff made significant contributions to trading theory, including the formulation of three basic laws:
The Law of Supply and Demand: This fundamental law states that supply and demand balance each other over time. High demand and low supply lead to rising prices until demand falls to a level where supply can meet it. Conversely, low demand and high supply cause prices to fall until demand increases enough to absorb the excess supply.
The Law of Cause and Effect: This law assumes that a 'cause' will result in an 'effect' proportional to the 'cause'. A strong 'cause' will lead to a strong trend (effect), while a weak 'cause' will lead to a weak trend.
The Law of Effort vs. Result: This law asserts that the result should reflect the effort exerted. In trading terms, a large volume should result in a significant price move (spread). If the spread is small, the volume should also be small. Any deviation from this pattern is considered an anomaly.
█ Volume and Spread Analysis Bars:
Display: Volume and/or spread bars that consist of color coded levels. If both of these are displayed, the number of spread bars can be limited for visual appeal and understanding, with the spread bars scaled to match the volume bars. While automatic calculation of the number of visual bars for auto scaling is possible, it is avoided to prevent the indicator from reloading whenever the number of visual price bars on the chart is adjusted, ensuring uninterrupted analysis. A displayable table (Legend) of bar colors and levels can give context and clarify to each volume/spread bar.
Calculation: Levels are calculated using multipliers applied to moving averages to represent key levels based on historical data: low, normal, high, ultra. This method smooths out short-term fluctuations and focuses on longer-term trends.
Low Level: Indicates reduced volatility and market interest.
Normal Level: Reflects typical market activity and volatility.
High Level: Indicates increased activity and volatility.
Ultra Level: Identifies extreme levels of activity and volatility.
This illustrates the appearance of Volume and Spread bars when scaled and plotted together:
█ Forecasting Capabilities:
Display: Forecasted volume and spread levels using predictive models.
Calculation: Volume and Spread prediction calculations differ as volume is linear and spread is non-linear.
Volume Forecast (Linear Forecasting): Predicts future volume based on current volume rate and bar time till close.
Spread Forecast (Non-Linear Dynamic Forecasting): Predicts future spread using a dynamic multiplier, less near midpoint (consolidation) and more near low or high (trending), reflecting non-linear expansion.
Moving Averages: In forecasting, moving averages utilize forecasted levels instead of actual levels to ensure the correct level is forecasted (low, normal, high, or ultra).
The following compares forecasted volume with actual resulting volume, highlighting the power of early identifying increased volume through forecasted levels:
█ VSA Patterns:
Criteria and descriptions for each VSA pattern are available as tooltips beside them within the indicator’s settings. These tooltips provide explanations of potential developments based on the volume and spread data.
Signs of Strength (🟢): Patterns indicating strong buying pressure and potential market upturns.
Down Thrust
Selling Climax
No Effort → Bearish Result
Bearish Effort → No Result
Inverse Down Thrust
Failed Selling Climax
Bull Outside Reversal
End of Falling Market (Bag Holder)
Pseudo Down Thrust
No Supply
Signs of Weakness (🔴): Patterns indicating strong selling pressure and potential market downturns.
Up Thrust
Buying Climax
No Effort → Bullish Result
Bullish Effort → No Result
Inverse Up Thrust
Failed Buying Climax
Bear Outside Reversal
End of Rising Market (Bag Seller)
Pseudo Up Thrust
No Demand
Neutral Patterns (🔵): Patterns indicating market indecision and potential for continuation or reversal.
Quiet Doji
Balanced Doji
Strong Doji
Quiet Spinning Top
Balanced Spinning Top
Strong Spinning Top
Quiet High Wave
Balanced High Wave
Strong High Wave
Consolidation
Bar Patterns (🟡): Common candlestick patterns that offer insights into market sentiment. These are required in some VSA patterns and can also be displayed independently.
Bull Pin Bar
Bear Pin Bar
Doji
Spinning Top
High Wave
Consolidation
This demonstrates the acronym and descriptive options for displaying bar patterns, with the ability to hover over text to reveal the descriptive text along with what type of pattern:
█ Alerts:
VSA Pattern Alerts: Notifications for identified VSA patterns at bar close.
Volume and Spread Alerts: Alerts for confirmed and forecasted volume/spread levels (Low, High, Ultra).
Forecasted Volume and Spread Alerts: Alerts for forecasted volume/spread levels (High, Ultra) include a minimum percent time elapsed input to reduce false early signals by ensuring sufficient bar time has passed.
█ Inputs and Settings:
Display Volume and/or Spread: Choose between displaying volume bars, spread bars, or both with different lookback periods.
Indicator Bar Color: Select color schemes for bars (Normal, Detail, Levels).
Indicator Moving Average Color: Select schemes for bars (Fill, Lines, None).
Price Bar Colors: Options to color price bars based on VSA patterns and volume levels.
Legend: Display a table of bar colors and levels for context and clarity of volume/spread bars.
Forecast: Configure forecast display and prediction details for volume and spread.
Average Multipliers: Define multipliers for different levels (Low, High, Ultra) to refine the analysis.
Moving Average: Set volume and spread moving average settings.
VSA: Select the VSA patterns to be calculated and displayed (Strength, Weakness, Neutral).
Bar Patterns: Criteria for bar patterns used in VSA (Doji, Bull Pin Bar, Bear Pin Bar, Spinning Top, Consolidation, High Wave).
Colors: Set exact colors used for indicator bars, indicator moving averages, and price bars.
More Display Options: Specify how VSA pattern text is displayed (Acronym, Descriptive), positioning, and sizes.
Alerts: Configure alerts for VSA patterns, volume, and spread levels, including forecasted levels.
█ Usage:
The Volume Spread Analysis indicator is a helpful tool for leveraging volume spread analysis to make informed trading decisions. It offers comprehensive visual and textual cues on the chart, making it easier to identify market conditions, potential reversals, and continuations. Whether analyzing historical data or forecasting future trends, this indicator provides insights into the underlying factors driving market movements.
OrderFlow Absorption IndicatorWhat it Does
The OrderFlow Absorption Indicator marks areas where the price absorbs a large volume of aggressive market trades. This indicates areas where price may bounce back due to large limit (resting) orders absorbing significant aggressor volume (market orders). Absorption can also be seen as "preventing" or "stopping" the other side from breaking through a price level (e.g. bids stopping an influx of sell market orders). Absorption may signal a change in sentiment, potentially leading to a pullback or reversal.
An Example of Absorption
Of course, it is not always the case that such bullish absorption will initiate a trend as the example above. The OrderFlow Absorption Indicator merely serves as a tool for spotting possible absorption points in the market which you can incorporate into your trading arsenal.
How it Works
The indicator actively monitors price changes and records volume accumulated at a price level. If the price bounces back to at least where it was before the current price move, the indicator records this as absorption, provided it meets the Volume Requirement and optional Time Requirement.
How to Use it
1. Set Parameters
Choose your desired tick size and volume filter value. If unsure, refer to the table on the top right of the chart for recommended values. An automatic volume limit filter mode is also available.
Automatic Limit Mode : Enable this mode to have the indicator automatically select a volume filter value. It calculates the standard deviation of the last n minutes of volume and multiplies it by a volume multiplier. You can adjust these parameters.
Higher Volume Filter : Setting a higher volume filter value results in fewer, but higher quality detections, reducing noise.
2. Enabling the Time Limit
Enabling the time limit further improves detection quality by filtering out price levels that can defend against quick, sudden aggressive orders, acting as confirmation and indicating strong sentiment and resilient liquidity.
3. Enabling Historical Data Absorption
The indicator can also detect absorption in historical data, though less accurately than in real-time due to OHLCV aggregation.
You can select the granularity of historical data.
Lower granularity (e.g., 1 second) : Provides more accurate detections but may slow down the indicator.
Higher granularity : Improves speed but reduces detection accuracy.
Other Features
Hovering : When hovering over an absorption point, the interface reveals the price where the absorption occurred, along with the volume absorbed by the bids and asks, as well as the volume filter value used.
Delta Mode : In Delta mode, the system calculates the difference between the volume absorbed by bids and asks, revealing points only when the absolute value of this difference exceeds the volume filter value. Especially useful for larger tick sizes.
Troubleshooting
If the indicator doesn't mark anything, it means the traded volume hasn't exceeded the set volume filter value within the specified price intervals(tick size) and time limit. Adjust these settings as necessary.
Volume Indıcator [JP & Dia]The volume indicator refers to the total amount of a financial instrument that has been traded within a specific time frame. This can include shares, contracts, or lots. Market exchanges track and provide this data. The volume indicator is one of the oldest and most widely used indicators in trading. It is typically represented by colored columns, with green indicating up volume and red indicating down volume, along with a moving average. Unlike other indicators, the volume indicator is not based on price. A high volume suggests a strong interest in a particular instrument at its current price, while a low volume suggests the opposite.
When there is a sudden increase in trading volume, it indicates a higher likelihood of the price changing. This often occurs during news events. Strong trending movements are often accompanied by increased trading volume, which can be seen as a measure of strength. Traders would typically expect to see high buying volume at a support level and high selling volume at a resistance level. There are various ways to incorporate volume into a trading strategy, and many traders combine it with other analysis techniques.
USECASE :
Timeframe Selection: Choose the timeframe for which you want to analyze the volume.
Volume Display Options: Toggle the display of today’s, yesterday’s, and the day before yesterday’s volume data.
Text Color: Select the color for the text in the volume table.
Volume Data Retrieval: The script fetches volume data for the selected timeframe and the daily volume for the current and previous two days.
Percentage Change Calculation: Calculates the percentage change in volume between days to identify significant increases or decreases.
Volume Table: A table is created to display the volume data and percentage changes, updating in real-time with each new bar.
drkhashix Candle Power Comparison with RSIThis indicator, named "drkhashix Candle Power Comparison with RSI" or "RSI+CPC", first calculates the strength of green and red candles based on the average of two periods. The number one indicates a normal average. The higher the lines move, the stronger the candle powers become, and conversely, the lower they move, the weaker the powers become.
We have four types of power: the power of bullish candles, the power of bearish candles, the total power of both, and the average power. The power of bullish candles is determined based on the height of bullish candles over two specified periods, and the power of bearish candles is determined based on the height of bearish candles over the same periods.
We also have Total Power (the sum of bullish and bearish candle powers) and Average Power (the sum of bullish and bearish candle powers divided by two). These are auxiliary tools that can be disabled in the settings.
The indicator's color zones consist of three levels: lightly colored, strongly colored, and very strongly colored. The more intense the colors, the greater the power they represent. These zones are as follows:
Lightly Colored Zone: If the power of bullish candles is greater than the power of bearish candles, and vice versa.
Strongly Colored Zone: If the power of bullish candles is greater than a specified value for Static Line 1, and the power of bearish candles is less than that value, and vice versa.
Very Strongly Colored Zone: If the power of bullish candles is greater than Static Line 2, and the power of bearish candles is less than Static Line 1, and vice versa.
Additionally, we have added the RSI indicator to allow you to receive trading signals using only the color zones and RSI.
Show the power of green candles
Show the power of red candles
Display the average power of the candles
Display the total power of Candle Power
Display the amount of RSI
Showing colored shadows based on the power of the candles
A suggested strategy based on this indicator can be:
Whenever the RSI, which is the white line, reaches the overbought area and the strength of the bearish candles, indicated by the red lines, is greater than the strength of the bullish candles, indicated by the green lines, you can open a sell trade. Conversely, whenever the RSI, which is the white line, reaches the oversold area and the strength of the bullish candles, indicated by the green lines, is greater than the strength of the bearish candles, indicated by the red lines, you can open a buy trade.
I don't have any more explanations for this indicator, the only thing I know is that this is a useful indicator and I use this indicator in building my robots and I have gotten good results from this indicator in trading robots, I hope PineCoders should not delete this indicator because I have tried to publish this indicator four times, each time it told me that the description is insufficient. What more should I explain about a simple indicator?
Highest Volume [Quant Alchemy]This indicator is designed for traders looking to enhance their strategy based on volume analysis. The "Highest Volume Signal" identifies significant volume changes and signals potential points of interest.
**Features:**
- **Lookback Period Customization**: Set the number of bars to look back for analyzing the highest volume.
- **Volume Signal Multiplier**: Configure the percentage by which the current bar's volume must exceed the highest volume found in the lookback period to trigger a signal.
- **Visualization**: The indicator plots a shape (triangle) above bars where the signal occurs, making it easy to spot.
**Usage:**
- **Strategy Enhancement**: Use the indicator to identify potential points to signal strategy action when unusually high volume is observed.
- **Customizable Parameters**: Adjust the lookback period and volume signal multiplier to fit your trading style.
**How It Works:**
- The indicator calculates the highest volume among bars within a user-defined lookback period.
- It then compares the volume of the current bar to this highest volume. If the current volume exceeds the highest volume by a set percentage (volume signal multiplier), a signal is generated.
- The indicator is particularly useful in volatile markets where volume spikes can precede significant price movements.
**Application:**
Ideal for short-term traders and those who use volume analysis as part of their trading strategy. The indicator provides an additional layer of confirmation for making informed decisions in trading positions.
Discovery IndexThe Discovery Index is an original technical indicator which attempts to display directional market pressure and momentum based on accumulated candle-over-candle measurements.
Discovery , in this context, is the act of finding (discovering) New Highs and Lows.
> What is 'Discovery'
Not to be confused with "Price Discovery", the term for setting the spot price of an asset.
The term 'Discovery' in Discovery Index is used based on the literal definition of 'Discovery', such as, the action of finding what was previously unknown.
Given this definition,
Discovery is the difference between highs or lows only when the current high is higher than the previous high or the current low is lower than the previous low.
Below is a visual example of exactly where Discovery is seen from each candle.
Since discovery is only based on points of the candle, and not specifically the direction of the candle; it is possible for discovery to occur in both directions from the same candle.
It is also possible for no discovery to occur from a candle.
> Calculation
The Discovery Index is the Net Total of discovery data over a specified length of bars.
Discovery Index = Sum of Upwards Discovery + Sum of Downwards Discovery
Note: Upwards Discovery is always Positive, and Downwards Discovery is always Negative. By adding both together, their Net Total is produced. This value is the "Discovery Index".
Wick Calculation Example
> Volume Discovery
Using Volume for the Discovery Index Calculation allows for a different dimension to be added to the data for new analysis opportunities.
While volume data is only a single value, by accumulating this data over time, we are able to fabricate a candle body from the data by accounting for the direction of the chart candles.
This allows for the Calculation of the Discovery Index based on volume data.
Volume Example
> Display
The display uses a "Candlestick histogram" display. The bodies and wicks from the display represent the discovery data from the respective points in each candle. (Wick Discovery & Candle Body Discovery).
This style of histogram allows for the display of both data sources, preserving the accuracy and distinction between each type, while also providing a clean display.
> Considerations
Discovery index is not an Oscillator, since there are no upper or lower boundaries to its rotations.
There are not (at this time) any "Over-bought" or "Over-sold" Areas, this is partially due to the previous consideration since any levels for these could potentially change from chart to chart. Additionally, it would generally be better to read the data based on the context of the current market.
Non-directional movements effect the Discovery Index as well. Since Discovery does not occur from every bar, the Index reflects hesitations as well as movements in market direction.
With the option to input a symbol, the Discovery Index Indicator is not constrained to one chart ticker for its calculation and could help to see shifts between different symbols, making it easier to compare different assets.
With the separation of wicks and candle body data, a stronger move may be observed by its full-bodied movements, while a potentially more speculative move may be seen from large wick movements. Since wicks are often interpreted as either, Rejection for reversal OR as Testing for continuation, the interpretation for Wick Discovery generally varies based on context.
Discovery Index ⇾ Divergences! Due to its calculation, price (and/or volume) data is displayed in such a way that makes it useful as a tool for identifying divergence opportunities.
Remember, this indicator is lookback based. An immediate significant change from the data source (if not offset by a similar opposite change) will be represented for multiple bars after its occurrence. Due to this, data is likely to be skewed or biased from these occurrences for a period of time after.
Throughout development, "Discovery" has been shortened to just "Disco", therefore, this indicator is also an attempt to bring Disco Back.
Enjoy!
Auto Anchored Volume ProfileAuto Anchored Volume profile indicator to identify potential support and resistance zones, along with weak and strong Point of Control (POC) levels.
Understanding the Concepts:
Volume Profile: This chart depicts trading activity at various price levels over a chosen timeframe. Higher volume areas represent price levels where most buying and selling happened.
Point of Control (POC): The price level with the highest volume traded within the timeframe. It represents the price where most agreement existed between buyers and sellers.
High Volume Nodes (HVN): Areas on the volume profile with significantly higher volume compared to surrounding areas. These can indicate potential support or resistance.
Delta (Sentimental): This volume profile type shows the difference between buying and selling volume at each price level. Positive delta indicates buying dominance, while negative delta suggests selling pressure.
Strategy Breakdown:
Identify Volume Shelves:
Look for areas with concentrated volume on the profile. These areas, called shelves, can act as support (high volume at lower prices) or resistance (high volume at higher prices).
Analyze POC Strength (POC Volume Percentage):
Calculate the Volume Percentage: (Volume at Price Level / Maximum HVN Volume over the Period) * 100
This ratio indicates the significance of the POC relative to the strongest volume area.
A high percentage suggests a strong POC, potentially indicating a more reliable support or resistance level.
A low percentage suggests a weak POC, with a higher chance of price breaking through that level.
Leverage Previous Session Data:
The strategy incorporates data from the previous session's POC and Highest Delta Node. These are displayed on the right side of the chart, extending the volume profile for reference.
Identify if the current price is trading above or below the previous session's POC. This can provide context for potential price direction.
The Highest Delta Node from the previous session indicates areas of strong buying or selling sentiment that might carry over to the current session.
Additional Anchor Point Types:
Pivot Points and Fixed Range Volume Profile can be added for further confirmation of support and resistance zones.
Pivot points are calculated automatically based on the price changes direction
Fixed Range Volume Profile focuses on a specific price range, allowing detailed analysis within that zone.
Timeframe Considerations(AUTO):
The resolution for calculating pivot points is determined automatically:
- For intraday resolutions up to and including 15 minutes, the daily (1D) timeframe is used.
- For intraday resolutions more than 15 minutes, the weekly (1W) timeframe is used.
- For daily resolutions, the monthly (1M) timeframe is used.
- For weekly and monthly resolutions, the 12-month (12M) timeframe is used.
Trading with the Strategy:
Look for price approaching a volume shelf identified on the profile.
Analyze the POC Volume Percentage to gauge the strength of the POC as potential support or resistance.
Consider the previous session's POC and Highest Delta Node for additional context.
Combine volume profile insights with other technical indicators and price action confirmation for entry and exit signals.
Remember, strong POCs with high volume shelves suggest more reliable support/resistance, while weak POCs indicate a higher chance of price movement beyond that level.
Important Notes:
Volume profile is a tool to identify potential trading zones, not a guaranteed predictor of future price movements.
Always practice proper risk management techniques, including stop-loss orders.
Backtest this strategy on historical data to understand its effectiveness before risking real capital.
By understanding volume distribution and POC strength, this strategy can help you make informed trading decisions based on where most buying and selling activity has occurred. Remember, a comprehensive trading approach that considers multiple factors is crucial for success.
Lower Timeframe Volume BarsDescription:
The Lower Timeframe Volume Bars indicator enhances your TradingView experience by allowing you to visualize volume data from lower timeframes on your current chart. This powerful tool helps you gain deeper insights into volume trends and activity that are not immediately visible on higher timeframe charts. Specifically, it shows the volume data from the last bar of the selected lower timeframe.
Key Features:
Volume Bars from Lower Timeframes:
Display volume data from 1-minute or 1-second timeframes directly on higher timeframe charts, such as 15 minutes or 1 hour.
Each volume bar represents the aggregated volume from the lower timeframe within the selected higher timeframe period.
Enhanced Volume Analysis:
Gain a more detailed understanding of volume spikes and troughs that may be hidden in higher timeframe charts.
Identify potential market turning points and confirm trends with precise volume data.
Customizable Display:
Adjust the appearance of volume bars to fit your chart style and preferences.
Configure settings such as color, size, and positioning of volume bars for optimal visibility and clarity.
Seamless Integration:
Easily add the indicator to any chart in TradingView with a few clicks.
Works in conjunction with other technical indicators and tools to provide a comprehensive analysis environment.
How to Use:
Add the Lower Timeframe Volume Bars indicator to your chart.
Select the lower timeframe you wish to fetch volume data from (e.g., 1-minute or 1-second).
Customize the display settings to match your charting style.
Observe the volume bars overlaying your current chart to analyze volume activity across different timeframes, specifically showing the last bar's volume.
Use the detailed volume information to make informed trading decisions and enhance your market analysis.
Benefits:
Increased Clarity: See detailed volume activity that is often lost in higher timeframe aggregation.
Better Decision Making: Make more informed trading decisions with a clear view of volume trends and spikes.
Improved Trend Confirmation: Use lower timeframe volume data to confirm the strength and sustainability of market trends.
Enhance your trading strategy and gain a deeper understanding of market dynamics with the Lower Timeframe Volume Bars indicator. Visualize, analyze, and trade with confidence by leveraging detailed volume insights from lower timeframes.
Forex SessionThis Trading View script highlights the trading sessions for New York, European, and Asian markets on the chart and adds labels at the start of each session. The script uses Pine Script version 5 and converts local session times to UTC to accurately display the session times regardless of your local Time zone.
Features :
Session Times:
New York: 8:30 AM to 3:00 PM (Eastern Time, GMT-4)
European: 8:00 AM to 4:30 PM (London Time, GMT+1)
Asian: 9:00 AM to 6:00 PM (Tokyo Time, GMT+9)
Background Highlighting: The script shades the background for each session.
New York Session: Blue
European Session: Green
Asian Session: Red
Today's sessions are shaded with 90% opacity.
Tomorrow's sessions are shaded with 70% opacity.
How It Works :
Session Times Conversion: The script converts the session times from local timezones to UTC
using the timestamp function.
Background Coloring: The bgcolor function is used to shade the background for each session.
Liquidity Dependent Price Movement AlgorithmLiquidity-Dependent Price Movement (LDPM) is a metric designed to directly measure liquidity on a equity in real time, and to translate those measurements into signals to provide insights into where the anticipate price-direction is headed.
Liquidity can be characterized as a way of measuring how smoothly things are running in the market. When things are running smoothly – such as when there is good agreement as to the price of an asset, then things are considered liquid. Conversely, when things are not running smoothly, just as when the bid or the ask do not agree with each other, then things are considered not liquid. These different states have different outcome liklihoods.
In a liquid environment, a stock can trade a lot of shares without moving the price. On the other hand, when a stock is not liquid, even small volumes can move the price substantially.
It is therefore helpful to know when a stock is liquid to the upside or to the downside, or even, when a stock is not liquid to the upside or the downside. These data have statistical associations with future price movement and volatility.
The use of LDPM is straightforward:
If the price is above LDPM: bullish outlooks.
If the price is below LDPM: bearish outlooks.
There are a few key differences about LDPM as compared to other indicators, namely that timeframe matters . That means, LDPM will tailor its output to the timeframe selected. The advantage of this is that it allows LDPM to be "tailored" to the specific timeframe as desired, without having to do any conversions or adaptations mentally.
Key Settings and Configurations:
Setting - Smoothing Type of LDPM :
Default: KF.
LDPM can be smoothened if desired. There are 5 different types of smoothing available:
EMA : Exponential Smoothing
SMA : Simple Smoothing
WMA : Weighted Smoothing
RMA : Modified Smoothing
KF : Kellman Smoothing
The default is "KF" for Kellman Smoothing.
Setting - Include LDPM-Granular :
Default: Off.
LDPM-Granular is the more "raw" form of LDPM that displays the candle-specific result, rather than the smoothened result. This can be toggled on or off, if desired. LDPM granular is helpful for looking at candle-specific
Setting - Place LDPM Standard :
Default: Off.
An additional, single, LDPM line can be placed via this toggle. Settings for this LDPM can be configured directly below toggle.
Setting - Place LDPM-Fib :
Default: On.
LDPM-Fib is a default setting for displaying 5 LDPMs (LDPM-13, LDPM-21, LDPM-34, LDPM-55, and LDPM-89) whose lookbacks are spaced via the Fib sequence. Useful for those who enjoy a static relationship between the different "layers" of LDPM.
Setting - Place LDPM-Reference :
Default: Off.
Since LDPM is time-interval dependent, there may be times when a higher-order timeframe is desired to act as a reference. For instance, suppose you want to go long if the 1-Hour LDPM experiences a bullish crossover, but you want to scalp shorts on the 15-minute timeframe until then. Then you could place the chart on the 15-minute interval for your scalping, and then place a 1-Hour reference LDPM that will show you when the 1-Hour LDPM and price experience a crossover.
Note: The reference must be a higher-order timeframe. So if your chart is on the 15-minute, you can only reference timeframes greater than 15.
Setting - LDPM Box Creation :
Default: On.
Instead of implementing a reference LDPM, it is possible to display the other timeframes in a data table with conditional coloring for if the overall LDPM-Price relationship is bullish or bearish.
Why Chose LDPM
There are no other Liquidity-measuring indicators available to the retail investor. Measuring liquidity often requires the use of expensive data and high-throughput computing to be used in real-time. Neither of these requirements apply to utilizing LDPM.
Additionally, the data are supportive that LDPM provides statistically significant, price-direction-correct outlooks.
Concretum BandsDefinition
The Concretum Bands indicator recreates the Upper and Lower Bound of the Noise Area described in the paper "Beat the Market: An Effective Intraday Momentum Strategy for S&P500 ETF (SPY)" published by Concretum founder Zarattini, along with Barbon and Aziz, in May 2024.
Below we provide all the information required to understand how the indicator is calculated, the rationale behind it and how people can use it.
Idea Behind
The indicator aims to outline an intraday price region where the stock is expected to move without indicating any demand/supply imbalance. When the price crosses the boundaries of the Noise Area, it suggests a significant imbalance that may trigger an intraday trend.
How the Indicator is Calculated
The bands at time HH:MM are computed by taking the open price of day t and then adding/subtracting the average absolute move over the last n days from market open to minute HH:MM . The bands are also adjusted to account for overnight gaps. A volatility multiplier can be used to increase/decrease the width of the bands, similar to other well-known technical bands. The bands described in the paper were computed using a lookback period (length) of 14 days and a Volatility Multiplier of 1. Users can easily adjust these settings.
How to use the indicator
A trader may use this indicator to identify intraday moves that exceed the average move over the most recent period. A break outside the bands could be used as a signal of significant demand/supply imbalance.
Volatility and Volume by Hour EXT(Extended republication, use this instead of the old one)
The goal of this indicator is to show a “characteristic” of the instrument, regarding the price change and trading volume. You can see how the instrument “behaved” throughout the day in the lookback period. I've found this useful for timing in day trading.
The indicator creates a table on the chart to display various statistics for each hour of the day.
Important: ONLY SHOWS THE TABLE IF THE CHART’S TIMEFRAME IS 1H!
Explanation of the columns:
1. Volatility Percentage (Volat): This column shows the volatility of the price as a percentage. For example, a value of "15%" means the price movement was 15% of the total daily price movement within the hour.
2. Hourly Point Change (PointCh): This column shows the change in price points for each hour in the lookback period. For example, a value of "5" means the price has increased by 5 points in the hour, while "-3" means it has decreased by 3 points.
3. Hourly Point Change Percentage (PrCh% (LeverageX)): This column shows the percentage change in price points for each hour, adjusted with leverage multiplier. Displayed green (+) or red (-) accordingly. For example, a value of "10%" with a leverage of 2X means the price has effectively changed by 5% due to the leverage.
4. Trading Volume Percentage (TrVol): This column shows the percentage of the daily total volume that was traded in a specific hour. For example, a value of "10%" would mean that 10% of the day's total trading volume occurred in that hour.
5. Added New! - Relevancy Check: The indicator checks the last 24 candle. If the direction of the price movement was the same in the last 24 hour as the statistical direction in that hour, the background of the relevant hour in the second column goes green.
For example: if today at 9 o'clock the price went lower, so as at 9 o'clock in the loopback period, the instrument "behaves" according to statistics . So the statistics is probably more relevant for today. The more green background row the more relevancy.
Settings:
1. Lookback period: The lookback period is the number of previous bars from which data is taken to perform calculations. In this script, it's used in a loop that iterates over a certain number of past bars to calculate the statistics. TIP: Select a period the contains a trend in one direction, because an upward and a downward trend compensate the price movement in opposite directions.
2. Timezone: This is a string input that represents the user's timezone. The default value is "UTC+2". Adjust it to your timezone in order to view the hours properly.
3. Leverage: The default value is 10(!). This input is used to adjust the hourly point change percentage. For FOREX traders (for example) the statistics can show the leveraged percentage of price change. Set that according the leverage you trade the instrument with.
Use at your own risk, provided “as is” basis!
Hope you find it useful! Cheers!
[EVI]Enhanced Volume IndicatorEnglish Version
Enhanced Volume Indicator (EVI)
The Enhanced Volume Indicator (EVI) is an advanced yet user-friendly tool designed to measure and visualize the strength of market volume using the statistical power of standard deviation. By offering a clear and dynamic representation of volume fluctuations, the EVI enables traders to effortlessly identify significant market movements and potential trading opportunities.
Key Features:
Sophisticated Volume Strength Assessment: The EVI leverages the standard deviation of historical candle volumes to evaluate and categorize the current volume intensity. This sophisticated methodology allows for the precise detection of when current volume levels significantly deviate from their historical norms.
Intuitive Visual Cues: Volume bars are color-coded to represent varying levels of volume intensity, ranging from very weak to very strong. This intuitive visual differentiation aids traders in quickly grasping the market's underlying volume dynamics at a glance.
Proactive Threshold Alerts: Stay ahead of the market with the EVI’s built-in alert functionality. Receive real-time notifications of critical volume changes, ensuring that you remain informed of significant market developments even while away from your trading desk.
How It Works:
The EVI calculates the Simple Moving Average (SMA) and Standard Deviation (STDEV) of volume over a user-defined period (default set to 500 candles). Utilizing these statistical measures, the indicator establishes various volume thresholds by applying predefined multipliers for extreme, high, medium, and low volume levels. The volume bars are then color-coded based on these thresholds, providing traders with a clear visual representation of volume intensity. Additionally, horizontal lines indicating these thresholds are plotted on the chart for easy reference, further enhancing the indicator’s usability.
This version of the EVI is particularly suited for traders who prefer simplicity and efficiency over complexity, making it an excellent alternative to the more intricate Volume Delta Divergence (VDD) indicator. The EVI delivers powerful volume insights in a straightforward and accessible manner, ensuring that even those who favor less complexity can benefit from robust volume analysis.
Ideal for traders seeking to capture major market moves or pinpoint potential reversals, the Enhanced Volume Indicator (EVI) is a must-have tool. Elevate your trading strategy with the EVI and ensure you never miss out on significant volume breakouts again.
Korean Version
Enhanced Volume Indicator (EVI)
Enhanced Volume Indicator (EVI)는 시장 볼륨의 강도를 표준편차의 통계적 힘을 사용하여 측정하고 시각화하는 고급적이면서도 사용하기 쉬운 도구입니다. EVI는 볼륨 변동의 명확하고 동적인 표현을 제공하여 트레이더가 중요한 시장 움직임과 잠재적인 거래 기회를 쉽게 식별할 수 있도록 합니다.
주요 기능:
정교한 볼륨 강도 평가: EVI는 이전 캔들의 볼륨 표준편차를 활용하여 현재 볼륨 강도를 평가하고 분류합니다. 이 정교한 방법론은 현재 볼륨 수준이 과거 평균에서 크게 벗어날 때를 정확하게 감지할 수 있도록 합니다.
직관적인 시각적 신호: 볼륨 바는 매우 약한 것부터 매우 강한 것까지 다양한 볼륨 강도를 나타내는 색상으로 코딩됩니다. 이 직관적인 시각적 차별화는 트레이더가 시장의 기본적인 볼륨 동향을 한눈에 쉽게 파악할 수 있도록 돕습니다.
선제적 임계값 알림: EVI의 내장 알림 기능으로 시장을 앞서가십시오. 중요한 볼륨 변화에 대한 실시간 알림을 받아 거래 데스크를 떠나 있는 동안에도 중요한 시장 발전에 대해 계속 정보를 얻을 수 있습니다.
작동 원리:
EVI는 사용자가 정의한 기간(기본값은 500 캔들)의 볼륨에 대한 단순 이동평균(SMA)과 표준편차(STDEV)를 계산합니다. 이러한 통계적 측정을 활용하여, 인디케이터는 극단적, 높은, 중간 및 낮은 볼륨 수준에 대한 사전 정의된 배수를 적용하여 다양한 볼륨 임계값을 설정합니다. 그런 다음, 볼륨 바는 이러한 임계값을 기반으로 색상 코딩되어 트레이더에게 볼륨 강도의 명확한 시각적 표현을 제공합니다. 또한, 이러한 임계값을 나타내는 수평선이 차트에 참조용으로 표시되어 인디케이터의 사용성을 더욱 향상시킵니다.
이 버전의 EVI는 복잡함보다는 단순함과 효율성을 선호하는 트레이더에게 특히 적합하여, 더 복잡한 Volume Delta Divergence (VDD) 인디케이터에 대한 훌륭한 대안이 됩니다. EVI는 강력한 볼륨 정보를 간단하고 접근 가능한 방식으로 제공하여, 복잡함을 싫어하는 사용자도 강력한 볼륨 분석의 혜택을 누릴 수 있도록 합니다.
주요 시장 움직임을 포착하거나 잠재적인 반전을 식별하려는 트레이더에게 이상적인 Enhanced Volume Indicator (EVI)는 반드시 갖추어야 할 도구입니다. EVI로 트레이딩 전략을 강화하고 중요한 볼륨 돌파를 절대 놓치지 마세요.
[VDD]Volume Delta DivergenceThis indicator displays volume candles bidirectionally and indicates the strength of the volume. It can create better synergy when used together with the Momentum Squeeze Indicator and can be very useful for bottom and top catching. I am continually modifying it for additional features, so please evaluate it with that in mind.
ETH Long/Short Ratio BITFINEX - (ALPHRACTAL)Indicator Description: ETH Long/Short Ratio BITFINEX - (ALPHRACTAL)
The ETH Long/Short Ratio BITFINEX - (ALPHRACTAL) indicator provides a detailed analysis of Ethereum (ETH) long and short positions in USD and USDT on the Bitfinex exchange. This indicator is ideal for traders who want to monitor market behavior and better understand the relationship between long and short positions.
Features:
USD and USDT Long/Short Ratio:
Calculates and displays the ratio between long and short ETH positions in USD and USDT.
Helps identify market trends and the relative strength between buyers and sellers.
Color Configuration:
Allows customization of chart colors for clear and distinct visualization of USD and USDT ratios.
Uses colors with adjustable transparency to enhance chart visibility.
Label Display:
Option to show or hide labels indicating the type of ratio (USD or USDT) at the latest chart value.
Labels are useful for quickly identifying the visualized ratio.
Display Control:
Option to enable or disable the display of individual USD and USDT ratio charts.
Flexibility to view only the relevant data for your analysis.
How to Use:
Add the indicator to your chart to visualize the long/short ratios of ETH in USD and USDT.
Adjust colors and transparency as per your preference for better visual distinction.
Use the option to show or hide labels for quick identification of the data.
Analyze the relationship between long and short positions to make informed trading decisions, observing market buying and selling trends.
Example Use Cases:
Market Sentiment Analysis: An increase in the Long/Short ratio may indicate bullish sentiment among traders, while a decrease may indicate bearish sentiment.
Identifying Opportunities: Significant discrepancies between USD and USDT ratios may signal arbitrage opportunities or alert to significant market movements.
This indicator is a powerful tool for Ethereum traders who want a deeper understanding of market behavior and the dynamics of long and short positions on Bitfinex. Add the ETH Long/Short Ratio BITFINEX - (ALPHRACTAL) to your technical analysis toolkit and gain an edge in your trading strategy.
Volume Surge Analysis [UAlgo]The "Volume Surge Analysis " indicator is designed to detect significant volume surges in the market. By analyzing volume relative to its moving average and incorporating a comparison of the true range of price movements, this script highlights potential bullish and bearish volume spikes. Traders can utilize these signals to identify moments of heightened market activity that may indicate strong buying or selling pressure.
🔶Features
Volume Multiplier: Customizable setting to define the threshold for what constitutes a volume surge.
Volume SMA Length: Adjustable length for the Simple Moving Average (SMA) of volume.
Price Movement Analysis
Enhances the volume analysis by adding an additional layer of context, helping to confirm whether a volume surge is associated with buying or selling pressure.
True Range Calculation: Measures the range of price movement to understand volatility.
Positive Movement (DM+): Calculated when the current high minus the previous high is greater than the previous low minus the current low. This helps identify strong upward movements.
Negative Movement (DM-): Calculated when the previous low minus the current low is greater than the current high minus the previous high. This helps identify strong downward movements.
Integration with Volume Analysis: By combining the volume analysis with price movement analysis, the script can more accurately determine whether a volume surge is likely driven by bullish or bearish sentiment. This integration helps filter out false signals and provides more reliable indications of market activity.
Median Volume Comparison: Compares the current volume against the median volume multiplied by the volume multiplier to identify significant volume spikes.
Bullish and Bearish Surge Signals: Plots circles above or below bars where significant volume surges occur, indicating potential bullish or bearish movements.
Color Customization: Options to set specific colors for bullish and bearish signals to enhance visual clarity.
Bar Coloring: Optional feature to change the color of bars based on detected volume surges.
Alerts: Configurable alerts for bullish and bearish volume spikes to notify traders in real-time.
🔶Interpretation:
Bullish Volume Surges ( Teal Circles ): These circles appear above the bar when the current volume exceeds the median volume by the specified Volume Multiplier, and the smoothed Positive Directional Index (PDI) is greater than the smoothed Negative Directional Index (NDI). This suggests a potential uptrend with strong buying pressure.
Bearish Volume Surges ( Red Circles ): These circles appear below the bar when the current volume exceeds the median volume by the specified Volume Multiplier, and the smoothed NDI is greater than the smoothed PDI. This suggests a potential downtrend with strong selling pressure.
Overall, the "Volume Surge Analysis " indicator serves as a valuable tool for traders seeking to identify potential trend reversals or strong continuations based on with an above-average rise in volume and directional momentum.
🔶Disclaimer
This indicator is intended for informational and educational purposes only and should not be construed as financial or investment advice. Trading involves substantial risk, and it is essential to conduct your own research and consult with a qualified financial advisor before making any trading decisions.
KillZones Hunt + Sessions [TradingFinder] Alert & Volume Ranges🟣 Introduction
🔵 Session
Financial markets are divided into various time segments, each with its own characteristics and activity levels. These segments are called sessions, and they are active at different times of the day.
The most important active sessions in financial markets are :
1. Asian Session
2. European Session
3. New York Session
The timing of these major sessions based on the UTC time zone is as follows :
1. Asian Session: 23:00 to 06:00
2. European Session: 07:00 to 16:30
3. New York Session: 13:00 to 22:00
Note
To avoid overlap between sessions and interference in kill zones, we have adjusted the session timings as follows :
• Asian Session: 23:00 to 06:00
• European Session: 07:00 to 14:25
• New York Session: 14:30 to 22:55
🔵 Kill Zones
Kill zones are parts of a session where trader activity is higher than usual. During these periods, trading volume increases and price fluctuations are more intense.
The timing of the major kill zones based on the UTC time zone is as follows :
• Asian Kill Zone: 23:00 to 03:55
• European Kill Zone: 07:00 to 09:55
• New York Morning Kill Zone: 14:30 to 16:55
• New York Evening Kill Zone: 19:30 to 20:55
This indicator focuses on tracking the kill zone and its range. For example, once a kill zone ends, the high and low formed during it remain unchanged.
If the price reaches the high or low of the kill zone while the session is still active, the corresponding line is not drawn any further. Based on this information, various strategies can be developed, and the most important ones are discussed below.
🟣 How to Use
There are three main ways to trade based on the kill zone :
• Kill Zone Hunt
• Breakout and Pullback to Kill Zone
• Trading in the Trend of the Kill Zone
🔵 Kill Zone Hunt
According to this strategy, once the kill zone ends and its high and low lines no longer change, if the price reaches one of these lines within the same session and is strongly rejected, a trade can be entered.
🔵 Breakout and Pullback to Kill Zone
According to this strategy, once the kill zone ends and its high and low lines no longer change, if the price breaks one of these lines strongly within the same session, a trade can be entered on the pullback to that level.
Trading in the Trend of the Kill Zone
We know that kill zones are areas where high-volume trading occurs and powerful trends form. Therefore, trades can be made in the direction of the trend. For example, when an upward trend dominates this area, you can enter a buy trade when the price reaches a demand order block.
🟣 Features
🔵 Alerts
You can set alerts to be notified when the price hits the high or low lines of the kill zone.
🔵 More Information
By enabling this feature, you can view information such as the time and trading volume within the kill zone. This allows you to compare the trading volume with the same period on the previous day or other kill zones.
🟣 Settings
Through the settings, you have access to the following options :
• Show or hide additional information
• Enable or disable alerts
• Show or hide sessions
• Show or hide kill zones
• Set preferred colors for displaying sessions
• Customize the time range of sessions
• Customize the time range of kill zones
M2 Global Liquidity Index
The M2 Global Liquidity Index calculates a composite index reflecting the aggregate liquidity provided by the M2 money supply of five major currencies: Chinese Yuan (CNY), US Dollar (USD), Euro (EUR), Japanese Yen (JPY), and British Pound (GBP). The M2 money supply includes cash, checking deposits, and easily convertible near money. By incorporating exchange rates (CNY/USD, EUR/USD, JPY/USD, GBP/USD), the script adjusts each country's M2 supply to a common base (USD) and sums them up to produce a global liquidity metric. This metric, plotted on a daily timeframe, provides an overview of the total liquidity available in these five significant economies.
Understanding the M2 money supply is crucial for assessing liquidity because it represents the amount of money readily available in an economy for spending and investment. Higher M2 levels generally indicate more liquidity, suggesting easier access to capital for businesses and consumers, potentially leading to economic growth. Conversely, lower M2 levels can signify tighter liquidity conditions, possibly resulting in constrained spending and investment.
Rolling VWAPThe Rolling VWAP indicator is a powerful technical analysis tool designed to help traders identify significant price levels and potential reversal points. This indicator combines a rolling volume-weighted average price (VWAP) with multiple standard deviation bands to provide a dynamic view of price volatility and market trends.
Key Features:
Rolling VWAP Calculation: The indicator calculates the VWAP using the high, low, and close prices (HLC3) over a user-defined rolling period. This VWAP is then plotted on the chart, providing a reliable benchmark for average price levels over a specified timeframe.
Adjustable Timeframes: Users can select from multiple timeframes (1 hour, 4 hours, 1 day, 3 days, 1 week) to calculate the RVWAP, allowing flexibility to analyze market trends over different periods.
Multiple Standard Deviation Bands: The indicator includes up to five adjustable standard deviation bands, each with customizable multipliers. These bands are plotted around the RVWAP to indicate potential support and resistance levels, helping traders identify areas of high and low volatility.
Customizable Display Settings: Users can toggle the visibility of each band and adjust their colors and transparency, making it easy to tailor the indicator to their specific analysis needs.
How to Use:
Selecting the VWAP Timeframe: Choose the desired timeframe for VWAP calculation from the options provided (1 hour, 4 hours, 1 day, 3 days, 1 week). This allows you to analyze price action over different periods and identify significant trends.
Adjusting Band Multipliers: Customize the multipliers for each standard deviation band to suit your trading strategy. By default, the indicator includes bands with multipliers of 2.0, 2.5, 3.0, 3.5, and 4.0. Adjust these values based on your preferred levels of price deviation.
Interpreting the Bands: The standard deviation bands provide key insights into market volatility. Inner Bands (e.g., 2.0 StdDev) indicate areas of normal price fluctuation. Price movement within these bands is generally considered stable. Outer Bands (e.g., 3.5 or 4.0 StdDev) highlight extreme price deviations. Price reaching these bands may signal overbought or oversold conditions, potentially leading to reversals.
Combining with Other Indicators: Enhance your analysis by using this indicator in conjunction with other technical tools such as moving averages, RSI, or MACD. This helps confirm signals and improve trading decisions.
Best Practices:
Trend Identification: Use the Rolling VWAP to identify the prevailing market trend. A rising VWAP indicates an uptrend, while a falling VWAP suggests a downtrend.
Support and Resistance Levels: The standard deviation bands act as dynamic support and resistance levels. Monitor price action around these bands for potential entry and exit points.
Volatility Analysis: Wider bands indicate higher market volatility, while narrower bands suggest lower volatility. Adjust your trading strategy accordingly based on the observed volatility levels.
24/7 Trading Instruments: This indicator is particularly useful for instruments that trade 24/7 and do not have defined sessions, such as cryptocurrencies. Unlike a session-anchored VWAP, the rolling VWAP provides a continuous measure of average price levels, making it ideal for analyzing markets that operate around the clock.
By integrating the Rolling VWAP indicator into your trading routine, you can gain a deeper understanding of price dynamics and make more informed trading decisions. Whether you are a day trader, swing trader, or long-term investor, this indicator provides valuable insights to help you navigate the markets with confidence.
TrendMaster Pro IndicatorThe TrendMaster Pro Indicator is an advanced tool designed to assist traders in identifying potential buy and sell signals by leveraging a combination of exponential moving averages (EMAs), the relative strength index (RSI), and a custom volatility filter. This powerful indicator is suitable for traders of all levels and can be applied to various markets and timeframes, offering flexibility and reliability in trading decisions.
Key Features:
EMA Crossover Detection:
Utilizes a 5-period (short) and 13-period (long) EMA crossover to detect trend changes.
A bullish signal is generated when the 5 EMA crosses above the 13 EMA, indicating an upward trend.
A bearish signal is generated when the 5 EMA crosses below the 13 EMA, indicating a downward trend.
RSI Confirmation:
Incorporates a 14-period RSI to confirm the strength of detected trends.
A buy signal is validated when the RSI is above 50, indicating bullish momentum.
A sell signal is validated when the RSI is below 50, indicating bearish momentum.
Custom Volatility Filter:
Employs a volatility filter based on the standard deviation of closing prices over a specified period (default is 10 periods).
Ensures signals are only generated during periods of significant market movement, reducing noise and false signals.
The volatility threshold can be adjusted to suit different market conditions and trading styles.
How It Works:
EMA Crossover:
The TrendMaster Pro Indicator continuously monitors the crossover between the 5-period and 13-period EMAs.
A crossover event triggers the initial signal, suggesting a potential change in trend direction.
RSI Confirmation:
After an EMA crossover, the indicator checks the 14-period RSI value to confirm the trend's strength.
This confirmation step helps filter out weak or unreliable signals, ensuring only high-probability trades are considered.
Volatility Filter:
The indicator calculates the standard deviation of closing prices over the selected period to measure market volatility.
Signals are only generated if the volatility exceeds the user-defined threshold, ensuring that trades are made in active and dynamic market conditions.
How to Use:
Apply the Indicator:
Add the TrendMaster Pro Indicator to your trading chart via the TradingView platform.
Customize the EMA, RSI, and volatility settings according to your trading preferences and the specific market conditions.
Interpret Buy and Sell Signals:
Buy Signal: Look for a buy signal when the 5 EMA crosses above the 13 EMA, the RSI is above 50, and volatility exceeds the threshold. This combination indicates a strong bullish trend.
Sell Signal: Look for a sell signal when the 5 EMA crosses below the 13 EMA, the RSI is below 50, and volatility exceeds the threshold. This combination indicates a strong bearish trend.
Adjust Settings:
The default settings can be fine-tuned to match your trading strategy. Adjust the EMA lengths, RSI period, and volatility threshold to optimize the indicator for different assets and timeframes.
Unique Features:
Comprehensive Trend Detection: Combines multiple indicators (EMAs, RSI, volatility) to provide a holistic view of market trends.
Customizable: Easily adjustable settings allow traders to tailor the indicator to their specific needs and preferences.
Noise Reduction: The volatility filter ensures signals are generated only during significant market movements, improving signal accuracy and reliability.
Conclusion:
The TrendMaster Pro Indicator is a versatile and powerful tool that can enhance your trading strategy by providing clear and reliable buy and sell signals. Whether you are a day trader or a swing trader, this indicator can help you navigate the markets with confidence and precision. Add the TrendMaster Pro Indicator to your toolkit today and experience a new level of trading efficiency and effectiveness.
Volume to Candle Size RatioThe "Volume to Candle Size Ratio" indicator calculates the ratio of volume to candle size for any time-based candles. It offers user-defined thresholds for percentage change and absolute value, coloring histogram bars based on whether the ratio or percentage increase exceeds specified thresholds. This indicator helps traders visualize volume dynamics relative to candle size, aiding in identifying potential trading opportunities.
