Multi VWAP from Gaps [MW]Multi VWAP from Gaps
Introduction
The Multi VWAP from Gaps tool extends the concept of using the Anchored Volume Weighted Average Price, popularized by its founder, Brian Shannon, founder of AlphaTrends. It creates automatic AVWAPS for anchor points originating at the biggest gaps of the week, month, quarter and year. Currently, most standard VWAP tools allow users to place custom anchored VWAPs, but the routine of doing this for every equity being watched can become cumbersome. This tool makes that process multi-times easier. Considering that large gaps can represent a shift in market structure, this tool provides unique and immediate insight into how past daily price gaps can and have affected price action.
Settings
LABEL SETTINGS
Show Biggest Gap of Week | Month | Quarter : Toggle labels that identify the location of the biggest gaps for the selected time period.
Show Big Labels : Toggle labels from showing the date and gap size to just showing a single letter (W/M/Q/Y) designating the time period that the gap is from.
Hide All Labels : Turn labels off and on.
MAX VWAP LINES
Max Weekly | Monthly | Quarterly | Yearly Lines : How many VWAP lines, starting from today, should be shown for the specified time period. Max: 5
SHOW VWAP LINES
Show Weekly | Monthly | Quarterly | Yearly Lines : This feature allows you to remove lines for the specified time period.
Calculations
This indicator does not provide buy or sell signals. It is simply the VWAP calculated starting from an “anchor point”, or start time. It is calculated by the summation of Price x Volume / Volume for the period starting at the anchor point.
How to Interpret
According to Brian Shannon, VWAP is an objective measure of what the average trader has paid for a particular equity over a given period, and is the value that large institutional investors frequently use as a trade signal. Therefore, by definition, when the price is above an AVWAP, buyers are in control for that period of time. Likewise, if the price is below the AVWAP, sellers are in control for that period of time.
VWAPs that coincide with important events, such as FOMC meetings, CPI reports, earnings reports, have added significance. In many cases, these events can cause gaps to happen in day-to-day price movement, and can affect market structure going forward.
Practically speaking, price action can tend to change direction when a significant VWAP is hit, voiding buy and sell signals. Like moving averages, this indicator can show, in real-time, how a buy or sell signal should be interpreted. A significant AVWAP line is a point of interest, and can serve as strong support or resistance, because large institutions may be using those values for entries or exits. For a great analysis of how to use AVWAP, visit the AlphaTrends channel on Youtube here or you can buy Brian Shannon’s “Anchored VWAP” book on Amazon.
Other Usage Notes and Limitations
It's important for traders to be aware of the limitations of any indicator and to use them as part of a broader, well-rounded trading strategy that includes risk management, fundamental analysis, and other tools that can help with reducing false signals, determining trend direction, and providing additional confirmation for a trade decision. Diversifying strategies and not relying solely on one type of indicator or analysis can help mitigate some of these risks.
Additionally, in order to build the VWAP calculations, past data is needed that may not be available on shorter timeframes. The workaround is that for some longer-term VWAP lines on shorter timeframes, you may see less than the total of lines that you selected in settings. This is particularly the case with quarterly VWAP lines on the 5 minute timeframe for some equities.
Acknowledgements
This script uses the MarketHolidays library by @Protervus. Also, for debugging, the JavaScript-style Debug Console by @algotraderdev was invaluable. Special thanks to @antsmuzic for helping review and debug the script. And, of course, without Brian Shannon's books, videos, and interviews, this indicator would would not have happened.
Объем
Heiken Ashi Algo v6The Heiken Ashi Algo Oscillator v6, introduces a refined approach to technical analysis applicable across various markets. Central to this algorithm is the integration of the Relative Strength Index #RSI, a staple indicator renowned for its effectiveness in measuring momentum.
The RSI - Tried and True:
By incorporating the #RSI, traders gain valuable insights into the speed and strength of price movements, aiding in the identification of potential #trend #reversals and #continuations.
Why Heiken Ashi Candles:
Additionally, the utilization of #Heiken Ashi candles within this algorithm offers a smoother representation of price action, reducing noise and enhancing clarity in trend analysis. This feature is particularly advantageous in volatile markets, where traditional candlestick patterns may produce false signals. By employing Heiken #Ashi candles, traders can more accurately identify underlying trends and make informed decisions based on reliable price data.
Combining RSI and Heiken Ashi:
The synergy between the RSI and Heiken Ashi candles in the Heiken Ashi Algo Oscillator v6 provides traders with a comprehensive perspective on both momentum and trend direction. This combination allows for a nuanced analysis of market dynamics, enabling traders to navigate various market conditions with greater confidence.
Heiken Ashi Candle Sizes:
The size of the Heiken Ashi candles serves as a visual indicator of the distance the RSI has moved between closing prices, offering additional insights into momentum shifts.
Not your average Heiken Ashi Candles:
Ive taken the time to do some serious custom coding for these particular Heiken Ashi Candles.
They do NOT color as the normal ones do. There is a setting in the inputs tab of the indicator that allows you to color them according to my secret code where its looking for Breaks of Structure on lower timeframes based on Heiken Ashi Candle calculations.
Turning on this feature gives you a more promising array of candle colors telling you about false or positive breakouts and trends.
Why choose this tool:
CoffeeShopCrypto's Heiken Ashi Algo Oscillator v6 offers a balanced and effective tool for traders across different markets. By leveraging the power of the RSI and Heiken Ashi candles, traders can enhance their decision-making process, identify trading opportunities with greater precision, and ultimately improve their overall trading performance.
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Inflow / Outflow (accumulation and distribution) Ribbon
In trading we know liquidity means volume and volume is orders. This ribbon shows you when orders are entering, exiting, filling or flat in the market.
The Liquidity Ribbon is a visual representation of whats happening with accumulation and distribution in the market.
It acts as a dynamic area of support and resistance for the RSI (momentum).
Once the RSI breaks above or below the full area of the ribbon, you have an overturned short term market.
Breaking this area isn't easy because of the one sided thick line known as the PoC line or Point of Control Line.
This line changes between a rising and falling color to tell you what side of the market has the most resistance or support.
Custom HA candles
The common way for HA candles to be colors is green for bullish and red for bearish.
These candles color differently according to market dynamics vs how the current candle closes.
This is helpful to keep you from taking longs or shorts when the momentum just doesn't have the move.
How it all works together: Taking entries and failed breakouts.
In the image below (left to right) you can see the following take place:
Short Entry:
HA Candles push down through the ribbon breaking below its low side (Support Ribbon Broken)
Following this the RSI RANGE is broken to the down side.
This is a good setup for a short breakout
Retrace to false breakout:
After this price retraces and so does momentum.
HA Candles attempt to but fail to break through the top of the ribbon and push back down . This is a false breakout.
Bullish Divergence to Long Entry:
The Heiken Ashi Algo forms a bullish divergence and HA candles push back up into the ribbon. Without a change in candle structure the RSI breaks the top of the ribbon where the control line sits as well as breaking through the top of the RANGE area and
This is a promising setup for a long trade.
Rally Base Rally: (into secondary long trade)
As price is rising, it retraces until HA candles are within the RANGE. No candle closes or has a low below the RSI midline.
HA Candles are forming a consolidation. After consolidation the RSI breaks out the top of the ribbon and the top of the RANGE allowing a secondary long entry.
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Im not gonna lie. Ive written a lot of tutorials but this one was probably the most exciting to describe.
If you have any questions please do ask below.
Volume change > 50% alert color coded GAAAPThis indicator, titled "Volume Change Alert," is designed to visually represent and alert traders to significant changes in trading volume on any given asset within the TradingView platform. The core functionality of the indicator revolves around detecting and highlighting instances where the volume of trades has experienced a notable increase compared to the previous trading period.
Key Features:
Percentage-Based Volume Change Detection: The indicator calculates the percentage change in trading volume from one bar to the next. This allows for a dynamic analysis of volume fluctuations that can be indicative of significant market events.
Threshold-Based Alerts: It employs a tiered alert system based on predefined volume increase thresholds:
Light Blue Highlight: When the volume increase is between 50% and 100%, the indicator marks the bar in light blue, signaling a moderate but noteworthy increase in trading activity.
Purple Highlight: An increase of more than 100% but less than 500% is highlighted in purple, indicating a substantial rise in volume that could be the result of significant market developments.
Black Highlight: For extraordinary situations where the volume increase exceeds 500%, the bar is highlighted in black, underscoring a dramatic surge in trading activity that could suggest major market moves.
Customizable Alerts: Traders can set up alerts based on these volume changes, allowing them to be notified in real-time when such conditions are met. This feature is invaluable for those looking to capitalize on volume-driven market opportunities or to monitor unusual market activity.
Visual and Textual Annotations: The indicator not only changes the color of the bars based on the volume increase but also attaches labels to these bars, providing the exact percentage increase in volume. This dual representation ensures that traders can quickly quantify the volume change at a glance.
Use Cases:
Identifying Breakouts: Sudden increases in volume can often precede or accompany price breakouts. Traders can use this indicator to spot potential breakouts as they are happening or to confirm the strength of a breakout based on the accompanying volume change.
Spotting Reversals: Significant changes in volume can also signal potential market reversals. A dramatic increase in volume might indicate the culmination of a trend and the potential start of a new one in the opposite direction.
Enhancing Trading Strategies: The indicator can be integrated into existing trading strategies to add a volume-based dimension to trading decisions, providing a more holistic view of market movements.
Multi-Time AVWAP_BEARConcept
Collaboration Highlight:
This was a collaboration with @Chart_School and @KioseffTrading Thank you to both, along with Ricardo Santos for his awesome library we used.
Overview
See how you view different time frame charts with one indicator and little to no adjustment.
Innovation:
The concept of using Anchored VWAP (AVWAP) with time events is a powerful technique in trading and technical analysis. Anchored VWAP differs from the traditional Volume Weighted Average Price (VWAP) by allowing traders to select a specific starting point or "anchor," from which the VWAP calculation begins. This approach is particularly useful for assessing price movements in relation to significant market events or specific periods of interest.
Utility and Flexibility:
Explaining the flexibility in turning on and off different time slices without much adjustment showcases a user-friendly design.
Key Uses and Benefits
Comparative Performance:
Anchoring the VWAP at the start of different time frames (e.g., weekly, monthly, quarterly) enables traders to compare the current price performance against previous periods. This comparison can highlight trends or shifts in trading momentum relative to past activity.
Support and Resistance Levels:
AVWAP lines can act as dynamic support and resistance levels. When anchored to significant time events, these levels gain additional relevance as they reflect the market's valuation of an asset since a notable point in time. Traders often watch for price interactions with these levels to make informed trading decisions.
Risk Management:
Anchored VWAP can serve as a benchmark for setting stop-loss orders or profit targets. By considering the price's relation to the AVWAP of a specific period or after a key event, traders can define exit points that are aligned with market-generated information.
Trend Confirmation: The direction and stability of the price relative to an anchored VWAP can indicate the strength of a trend. If the price consistently remains above an AVWAP anchored at a bullish event (or below for a bearish event), it may confirm the trend's continuation.
Further Reading
Educational Resource:
Becuase we are using Volume with a relation to price AVWAP is very powerful to show data that cannot be eye balled on its own. Brian Shannon's book "Maximum Trading Gains With Anchored VWAP - The Perfect Combination of Price, Time & Volume", is an excellent guide to best practices on how to use AVWAP to your advatage while trading. His book goes into depth about the best way to use this indicator to its fullest potencial.
Tips for Using This Indicator
Weekly / Monthly / Quarterly Settings:
All the settings for the lower timeframe charts are similar. Here is an example of seeing a Weekly AVWAP for 6 weeks, showing:
1. The start of the 6-week AVWAP is using a High Low Close source for the first candle of the 6 weeks.
2. The lines are colored "Red" for the AVWAPs.
3. The line thickness is "1".
Yearly Settings
Simlair to the other settings with the Yearly we give you a couple more options along with 3 years to toggle on and off. The idea was to allow the user to see which AVWAP most effected by price and quickly toggle them on and off to unclutter their chart.
Watch for how and if the labels over lap and choose the one you feel is most in play. In Shannon's Book he talks about "Hand off's" and "Pinches". These concepts are easy to spot with being able to see all the Major Time Events, then simply toggle off the one you dont need.
A great benefit to how we coded this script you can buzz through a watch list without having to re-adjust the Anchor points. This will save you time if following a basket of symbols and show coorlations in the overall market.
Secret Feature
When looking at these becuase the user doesn't need to hand plot the anchor points and we are fouced on major time slices, I encourge you to use the Trading View "Bar Replay" Feature. You think that you are missing a high or low AVWAP but what is happening is the indicator is re-plotting a level that is super hard to see, then you will see the hand-offs like Shannon discusses in his book. This blew me away while we were discussing it post development.
Conclusion
There are so many uses of how to use VWAP and therories on its best practice. We are only using "TIME EVENTS". For more ways to use AVWAP, I would encourge you to also handplot them with Trading View's new "Anchored VWAP", as seen in the standard toolbar.
Using your ideas along with this indicator i think its a powerful combination.
Also Check Out: allanster's - Anchored VWAP Pinch & Handoff, Intervals, and Signals
He has a great AVWAP script that incorporates many AVWAP ideas.
Volume Flow Oscillator (VFO)I created the Volume Flow Oscillator (VFO) to explore the intricate interplay between volume and price movements over a specific lookback period. This tool contrasts volumes that move in sync with the price against those that move in opposition, signaling potential overbought or oversold territories. To determine the direction, I compare the current price to its value four periods back, shedding light on underlying bullish or bearish momentum. The VFO enriches my analysis and decision-making by offering a detailed perspective on how volume trends correlate with price changes. Its color-coded visuals are crucial for highlighting optimal trading points based on volume dynamics.
MarketWebsWhat are the MarketWebs?
A technical system based on Auction Market Theory and Market Profiles using Volume, Time, and Price to determine a Technical Roadmap outlining significant support & resistance across Equities, Futures, Cryptos and Forex.
Volume at price (Market Profile) is a powerful way to look at the market. By comparing current price action to the action occurring during previous periods, we can more clearly see the strength or weakness in the current market. Marking and tracking previous periods also allow the trader to identify price levels the market “remembers”.
Uniquely, this script automatically identifies and labels:
Virgin Points of Control (VPOCs) derived from price action leaving behind overhead supply (or underneath demand). VPOCs help determine pivot / stabilization points and often act as magnets when the market is trending.
Price breakouts across multiple time frames based on Auction Market Theory.
Bullish or bearish 80% rules as price enters value. This rule is triggered when: the Value Area has not been fully explored, price has been trading outside of value, and price breaks into value.
Venom Lines which are pivot lines of support and resistance derived from the period’s value area.
When high volatility is expected after a price auction period of significantly suppressed volatility.
What do they show?
1) Value Areas
The MarketWebs calculate precise Value Areas based on the market profile built from the amount of volume traded and time spent at all price levels across a period and then shift them forward for reference in the next period. As a technique developed in the 1980’s OEX trading pit using the previous day’s price action for reference today, this script extrapolates that concept into daily, weekly, monthly, and yearly value areas to compare the current price action to.
This script automatically draws the value areas across multiple time frames, calculating the value areas for the applicable periods: Daily, Weekly, Monthly, and Yearly.
For instance, the Monthly Value Area is based on the previous trading month. When the market is “below value” the trend is weak and price is in an auction market looking to establish a new “value”. The same is true above value, the market is strong. Inside of value however, the market is ranging instead of trending.
By applying multiple copies of the script to the chart, it is possible to show multiple time frame value areas on the same chart.
2) VPOCs
Within every value area there is a price level at which the most activity occurred. This is called the “Point of Control” (POC). It is our belief that the POC inside of the value area doesn’t hold much significance for trading; however – when the market has moved into a new value area period, and the previous POC has been left “un-tested” it becomes a “Virgin Point of Control” (VPOC).
VPOCs are extremely significant levels to the market. As price moves away from them over time the market has a memory for these levels that it will not forget. When the market finally starts to trend towards a VPOC (for example, price is above value for the period, and there is a VPOC above) the level will act as a magnet, pulling the market towards it. More often than not, once the market “tags” this level, it will reverse (note: in strong volume moves or extreme price shocks, it may bust through multiple VPOCs before reversing direction)
3) 80% Rule
Another trading rule from the pit traders, the 80% rule states that if price has been trading outside of the previous value area before that value area has been fully explored, and price then breaks into value, there is an 80% chance that price will continue to the other side of value. This works in both directions, bullish and bearish. This script will highlight when the market has triggered an 80% Rule.
4) Venom Lines
Venom lines are pivot levels of support and resistance based on the calculated value areas. These are reference levels for how extreme the market’s move away from value is in the current period and often mark significant but somewhat weak levels of support and resistance. They are especially useful identifying price targets for stocks making new all time highs.
5) Expected High Volatility
Many traders monitor when price has been consolidating (with low volatility) for an extended period of time. This kind of price action makes abnormally “skinny” Value Areas which indicate that the market is primed for a large move (in any direction) during the following period. This script identifies periods of high volatility expected both in the current period or in the next period as its value area is established.
Setup and Preferences:
Be sure to have your TradingView charts set to “Scale price chart only,” otherwise the chart will try to fit all of the VPOCs and Venoms in your field of view when only the closest levels to current price action are really important.
* Be sure to read through any release notes as they may contain updates to the options depicted.
Volume Spectrum - WhvntrThe "Volume Spectrum" by Whvntr has been developed to analyze and visualize trading volume patterns in financial markets, offering traders insights into volume dynamics relative to historical performance. This tool can be particularly useful for identifying periods of unusually high or low trading activity, which are often associated with significant price movements.
Intended Markets and Conditions
The Volume Spectrum indicator is versatile and can be applied across a variety of markets, including stocks, forex, commodities, and cryptocurrencies. It is designed to be relevant in both bullish and bearish markets, as well as in varying volatility conditions. The primary focus is on identifying shifts in trading volume that could indicate potential trading opportunities or risks.
Features and Relevance for Trading
Volume Analysis: The indicator calculates and plots the average volume over a user-defined period (length) and compares it to a shorter-term average volume (avg_length). This comparison helps in identifying trends in trading volume.
Smoothing Options: Users can select from four types of smoothing methods (RMA, SMA, EMA, WMA) to calculate the moving averages, allowing for customization based on trading strategy and personal preference.
High and Low Volume Identification: It highlights periods of high and low volume relative to the average, using customizable color schemes for easy visual identification.
Volume Alerts: The script generates alerts for significant increases or decreases in volume, enabling traders to react promptly to potential trading signals.
Customizability: Traders can adjust various parameters, including volume length, average length, smoothing method, and visual elements like plot colors and background highlights.
Volume Histogram: An optional volume histogram can be displayed, with colors indicating whether the volume is increasing and if the closing price was higher or lower than the opening price.
This indicator can be particularly relevant for traders looking to capitalize on volume-based trading strategies. High volume periods may indicate strong interest in a security at its current price, whereas low volume may suggest a lack of interest. By identifying these conditions, traders can make more informed decisions about entry and exit points.
Disclaimer
The Volume Spectrum indicator, like any analytical tool, should be used as part of a comprehensive trading strategy. It is important to note that past performance is not indicative of future results. Trading involves risk, and the effectiveness of this or any indicator may vary based on market conditions, settings used, and other factors. Traders should exercise caution, do their own research, and consider seeking advice from a financial professional before making trading decisions. This indicator is provided without warranty regarding its accuracy, timeliness, or completeness, and users assume all risks associated with its use.
Supertrend Volume OscillatorThe Supertrend Volume Oscillator is an innovative tool that integrates volume analysis with the established Supertrend indicator to offer a unique perspective on market conditions. By comparing directional volume against the aggregate volume over a designated lookback period, this oscillator adeptly signals overbought and oversold states through a volume-weighted methodology. Key settings such as the lookback period, Supertrend factor, and ATR period are adjustable, allowing traders to tailor the trend detection sensitivity to their preference.
Crucially, the oscillator delineates overbought and oversold zones via a channel parameter, with its value represented as a percentage ratio of directional to total volume, visually enhanced by a color gradient shifting from red to green based on oscillator readings. Background coloring further highlights market extremes for easy identification. A continuous line tracks the oscillator's value, anchored by a horizontal zero line as a neutral benchmark.
Additionally, the oscillator is equipped with alert conditions that notify traders when entering critical zones, facilitating informed trading decisions. This fusion of price trend analysis with volume metrics provides traders with a comprehensive tool for gauging market sentiment and trend strength, making the Supertrend Volume Oscillator a valuable addition to any trader's arsenal.
Time Relative Volume Oscillator | Flux Charts💎 GENERAL OVERVIEW
The relative volume indicator aims to improve upon the default existing relative volume indicator by comparing volumes between previous trading sessions rather than previous candles. As such, it works best on lower time frames as there is more data to compare with. The purpose of the indicator is to show how the current bar’s volume compares to the volume at the same time on previous trading days.
There exists a couple different modes and combinations that each provide a different perspective on the trading volume.
Oscillator mode
Oscillator mode starts with the same relative volume calculation, but adds two EMAs of different lengths that diverge and converge. Like the MACD, it plots the difference as a histogram. This functions as an easy way to view when relative volume is increasing or decreasing.
How to use:
The oscillator oscillates between -1 and 1. It moves along with volume direction, so this mode can be used to view the current volume direction in a lagging fashion. In oscillating markets, this indicator can give an idea of how buy/sell volume is moving and where it currently stands. Small arrows mark where reversals are predicted, when the histogram crosses over 0. The biggest pitfall of this mode is that, in a straight trending market, the two EMAs converge and it gives a false reversal signal.
Delta mode
Delta volume mode is a step up from the buy/sell volume mode. It separates both sides into the top and bottom, while also displaying the actual volume behind it in a semi transparent overlay. The best feature, however, is the delta oscillator. This oscillator fluctuates depending on how buy/sell volume is changing and plots bullish/bearish labels when the dominant side (bullish/bearish) changes. The signals, while a bit common, can sometimes dictate large direction changes, started by a dominant volume switch.
On top of different display modes, there is also one more volume mode: buy/sell volume. Instead of only showing the total volume and relative volume, it calculates and separates buying and selling volume.
This volume mode displays differently in all three viewing modes, but the basic principle is the same. It adds a vital piece of information to the chart without adding clutter. The calculation for buy/sell volume uses the candle wicks and body to compare bullish and bearish movement.
Classic mode
Classic mode takes the default volume indicator and improves upon it by also displaying the relative volume on top of the actual volume. Relative volume is calculated similarly between the three display modes: simply by comparing the current bar’s volume to the volume at the same time during previous trading days. Classic mode displays this “relative volume” as well as a simple EMA over top of the actual trading volume.
Originality
The script improves upon the existing relative volume indicator by using previous trading days rather than previous candles to generate the relative volume. On top of that, the calculation methods are unique, using different formulas like variations of the sigmoid function to smooth noise. The main issue this script aims to fix is that towards the start or end of the day relative volume indicators all see spikes as volume grows into close. The new relative volume calculations fix this problem and show what the “true” relative volume is because they compare the current bar to the “same” bar on previous trading sessions.
VWMACD Oscillator @shrilssThe VWMACD Oscillator is a unique and innovative trading indicator designed to provide insights into market momentum using the Volume Weighted Moving Average Convergence Divergence (VWMACD) concept. This script amalgamates various elements to offer a comprehensive view of market trends and potential reversal points.
Key Features:
- Fast Period: Adjust the fast moving average period to fine-tune the sensitivity of the indicator to short-term price movements.
- Slow Period: Set the slow moving average period to control the responsiveness of the indicator to longer-term trends.
- Signal Period: Determine the signal line period to smooth out fluctuations and identify potential trade signals.
- Longer Period: Define the longer period to capture extended trends and market cycles.
How it Works:
The VWMACD Oscillator is derived from the convergence and divergence of two volume-weighted moving averages. It combines the volume factor with the source input to create a robust momentum oscillator. The fast and slow moving averages are calculated by weighting the source with the corresponding volume, providing a unique perspective on market strength.
SAT - Sentiment Analysis Tool by Csth97This code calculates the correlation between the ATR and the OBV of the price, and plots the difference between the positive and negative OBV correlations as a line. It also plots horizontal lines at the UP and DOWN levels, and signals bullish and bearish crosses when the difference line crosses those levels.
Liquidity LevelsThe "Liquidity Levels" indicator on TradingView is designed to identify and highlight liquidity levels in the market. This indicator is based on pivot highs and lows with an adjustable offset to adjust the importance and length of the identified levels.
The strength of this indicator lies in its ability to highlight changes in liquidity levels, which can be crucial for traders. By marking pivot highs and lows, potential areas of high liquidity are highlighted, which can indicate where significant market movements or reversal points may occur.
The flexibility of whether the calculation is based on the closing price or the high/low prices allows for customisable analysis. The visual representation of liquidity levels by lines makes it easier to identify and monitor these key areas in the chart, which can provide additional value for traders.
SMA Custom Volume BandsThe "SMA Custom Volume Bands" indicator is a custom technical analysis tool designed for use on the TradingView platform. This indicator allows users to analyze and visualize key aspects of a stock's volume within the context of its 200-period Simple Moving Average (SMA). It features the following components:
Volume Bars: The indicator displays the volume of a selected financial instrument using colored bars. Green bars represent days when the trading volume is higher than the previous day, while red bars represent days when the trading volume is lower.
200 SMA of Volume: A blue line on the chart represents the 200-period Simple Moving Average of the trading volume, providing insight into the longer-term volume trend.
Customizable Percentage Line: Users have the flexibility to set a custom percentage value above or below the 200 SMA of trading volume. This line is plotted as a blue line on the chart, allowing traders to identify when volume meets their preferred percentage threshold.
The "SMA Custom Volume Bands" indicator is a simple tool for traders, aiding in the assessment of volume trends and potential price reversals in the context of moving averages. It offers customization options, enhancing its adaptability to individual trading strategies and preferences.
Harmony Or Divergence WavesThis script visually identifies harmony and divergence within the market through an analysis of volume and price action over a specified lookback period. The script highlights these phenomena on the price chart, aiding traders in making informed decisions based on observed patterns.
What It Does:
The script operates on the principle of comparing volume and candle body sizes within two halves of a user-defined lookback period. It aims to detect periods of harmony, where price and volume trends move in synchrony, and periods of divergence, where they do not. Specifically, it:
Calculates the highest volume and corresponding lowest price point in the first and second halves of the lookback period.
Determines the increase ratios for price and volume between these two points.
Visualizes these findings by drawing lines and labels on the chart, with the color indicating harmony (green) or divergence (red).
Optionally displays a table with detailed metrics and an "End H/D Period" label to mark the analysis boundary.
How It Does It
It begins by iterating over each candle within the specified lookback period, dividing the period into two halves to compare early and later segments.
For each half, it identifies the candle with the highest volume and records its volume, the price at its lowest point, and the size of its candle body.
After identifying these key points, the script calculates ratios of price increase and volume increase from the first half to the second.
Using these ratios, it determines whether price and volume are moving in harmony or diverging.
Based on this analysis, it then dynamically draws lines connecting the two key points, with the line color indicating whether the period is classified as harmony or divergence.
Additionally, it can display a table with the calculated metrics for both points and their ratios, and optionally, a label to mark the end of the analyzed period.
How Traders Might Use It:
It Can Be Used To
Identifying potential reversal points: Periods of divergence may indicate upcoming changes in market direction, offering traders clues for entry or exit points.
Confirming trend strength: Harmony between price and volume trends can serve as a confirmation of the current market direction, suggesting a stronger trend that traders might follow.
Adjusting strategies: By observing the dynamics of price and volume, traders can adjust their trading strategies to better align with market conditions, potentially increasing their chances of successful trades.
Educational insights: The visual and tabular data provided by the script can help traders understand the relationship between volume and price action, enriching their market analysis skills.
Harmony or Divergence Single CandleThis script is designed for traders who seek to visually identify and analyze patterns of harmony and divergence in the price action of securities directly on their trading charts. The script provides a nuanced approach to understanding market sentiment and potential price movement directions by examining candle sizes and volumes over a specified lookback period.
What the Script Does:
The script overlays indicators on the price chart that highlight periods of harmony and divergence using background colors. These periods are determined based on comparisons between current candle sizes, candle volumes, and their respective simple moving averages (SMAs) over a user-defined lookback period.
Harmony : A state where the candle size and volume are either both above or below their respective averages, indicating a consensus or agreement in market direction.
Divergence : A state where there's a mismatch, such as a larger candle size with lower volume or vice versa, suggesting uncertainty or potential reversal in market trends.
How It Does It:
User Inputs : Traders can customize several parameters, including the lookback period for averages, whether to include wicks in candle size calculations, and preferences for displaying harmony and divergence indicators with specific colors.
Calculations :
- The script calculates the simple moving average (SMA) of volume and candle sizes (with an option to consider the full candle range including wicks or just the body) over the specified lookback period.
- It then compares the current candle's size and volume against these averages to identify states of harmony or divergence.
Visualization :
- Based on the user's input, it colors the background of the chart to reflect identified patterns. Each state (harmony above or below average, divergence with higher volume or larger candle body) can be highlighted with different colors, providing immediate visual cues to the trader.
What Traders Can Do With the Script:
Traders can utilize this script to enhance their technical analysis by:
Identifying Trend Consistency : Harmony indicators can signal strong trends where price action and volume confirm each other, possibly supporting continuation strategies.
Spotting Potential Reversals : Divergence indicators may highlight potential exhaustion points or reversals, especially when price moves significantly without corresponding volume support.
Customizing Analysis : By adjusting the lookback period, candle size consideration (body or including wicks), and visualization options, traders can tailor the analysis to fit their trading style and strategy.
Advanced VolumeThe "Advanced Volume" indicator is a versatile tool designed for traders who need a detailed analysis of market volume dynamics. It provides three unique modes of volume analysis: Simple, Complex, and Analytics, each offering distinct insights for various trading styles.
Key Features:
Modes of Operation:
Simple Mode: Displays traditional volume data for a quick overview of market activity.
Complex Mode: Reveals the differential volume between buyers and sellers in a lower time frame. This mode features two average lines - one showing the current average volume level and another depicting the past average, based on the chosen length. These lines provide a comparative view of current and historical market dynamics.
Analytics Mode: Combines buyers' and sellers' volume in a lower time frame with their average. The average line in this mode changes color based on the dominant volume: it turns blue (default color for positive volume) if the average buy volume is higher, and switches to the sell volume color if the average sell volume is predominant.
Customizable Settings:
Average Length: Allows you to adjust the length for moving average calculations.
Definition: Select from 'Maximum', 'High', or 'Medium' for time frame granularity.
Visual Preferences: Customize the width and colors of the volume bars and average lines to suit your visual preference.
Dynamic Calculations and Plots:
Differentiates between up-volume and down-volume for nuanced market sentiment analysis.
Includes various plots such as volume bars, moving averages, and dynamic lines for comprehensive analysis.
Usage Tips:
Utilize 'Simple Mode' for a quick market overview.
Engage 'Complex Mode' to assess buying vs. selling pressures and compare current volume trends against historical averages.
Apply 'Analytics Mode' for an in-depth analysis of volume trends, with color-coded average lines indicating dominant market forces.
Asset Rotation ApertureAsset Rotation Aperture visualizes volume accumulation momentum, of multiple assets, side by side.
It's a surgical, multi-purpose leading indicator of price, market narratives and capital rotation.
Each colored line represents the rolling cumulative volume (or open interest) of an asset, index, narrative, or symbol equation. Normalized to each other, relative to each other.
This enables Asset Rotation Aperture to visualize assets and narratives with dramatically different market caps (and therefore different volume accumulation profiles), side by side.
METRIC CONSTRUCTION
Asset Rotation Aperture is a fork of Money Flow Index, like a centered On Balance Volume.
Modified to more effectively lead price, smoothed to more clearly visualize with clarity, and recursively printed.
SYMBOL SELECTION
I highly recommend selecting symbols from exchanges that dominate volume for the asset(s) you're visualizing.
For crypto, this typically means Binance pairs.
Keep the exchange consistent across symbols whenever possible.
To construct an index / narrative, use the following formula format:
(BINANCE:UNIUSDT*BINANCE:SNXUSDT*BINANCE:AAVEUSDT*BINANCE:CRVUSDT)^(1/4)
THE Y AXIS
The Y axis represents the asset's percentage of volume accumulated, relative to its norm AND relative to other assets.
It's a made up figure, and I recommend ignoring it.
A visual scan of the data viz is more effective than studying any Y-axis output.
Intraday volume pressureThis indicator shows the difference of bullish and bearish trading volume during intraday
The idea
Especially in "6E1!" it caught my eye, that often outside regular trading hours the price moves in one direction with thin volume and inside regular trading hours it moves back with much higher volume. It is possible, that the market closes e.g. with a plus. And over some days maybe you can see e.g. weak rising prices. But in this time the movements with high volume are going down every day. And one day - maybe within view minutes - the market rushs a level deeper.
Maybe some are manipulating the market in this way, maybe not, it doesn't matter. So my question was, can I find a way to show such divergences? I guess I can do.
How to use this indicator
Use it at your own risk! I don't take over any responsibility. You are the only one, who is responsible for your decisions. Always collect information from different independent sources!
Watch it in the daily chart - not intraday, not weekly! Of course this indicator just analyzes the past as all indicators. Everytime everything may happen that influences the market in any direction, no indicator can predict any news.
Watch it in sideways market or when the price is moving quite slow over days! An average volume pressure
below zero shows a volume-driven bearish pressure
above zero shows a volume-driven bullish pressure
of the last days. So there is a chance, that the market may follow the volume pressure within the next days. But of course, I cannot guarantee anything. The indicator just can give you an idea, why this will happen, when it will happens. Otherwise, the indicator indicated nothing helpfull.
Of course you also can try other securities. Maybe it will work there better or worse - difficult to say. I guess, it depends on the market.
Possible settings aside of colors
Intraday minute bars: Default is 15 minutes, in 6E in my point of view it is a good value. If you choose a smaller value, the chart gets too noisy, the results are getting too small. With a bigger timeframe some moves are hidden in bigger candles, the results are getting a large spread
Average over days: Default is 5 days - so one week. In 6E in my point of view it is a good value. A smaller value is too noisy. A bigger value reacts too slow. Often 6E has a trend over weeks. Sometimes it changes within some days - the indicator may help. But sometimes the market changes with a buying or selling climax. Such a case this indicator cannot recognize. But with the 5 days average maybe you get a change in the indicator within one or two days. Anyway, it is always a good idea to learn recognizing climaxes otherwise.
How the indicator works
It uses the function request.security_lower_tf to get the intraday candles. The volume of intraday up-candles is added to the intraday summary volume. The volume of down candles is substracted from the intraday summary volume.
In the oscillator area I plot a green bar on a day with a higher close than open and a red bar on a day with a lower close than open. The bar has a positive value, if the volume pressure is positive and a negative value if the volume pressure is negative. So it happens, that a green bar has a negative value or a red bar has a positive value.
The average is calculated with a floating sum. Once we have enough days calculated, I devide the floating sum by the length of the "Average over days" and plot the result. Then I substract the first value of the queue and I remove it.
Price Range Volume Profile++ [Pt]█ Introduction
The Price Range Volume Profile++ (PRVP++) is an advanced, feature-rich indicator specifically designed for volume profile users for in-depth volume analysis. Unlike most other volume profile tools that are limited to a 5000-bar lookback, PRVP++ can utilize all available candles on the chart, offering an unparalleled scope of historical data analysis.
█ Main Features
Full Chart Historical Lookback : PRVP++ sets a new standard with its ability to analyze the entire history of candles available on a chart, far exceeding the typical 5000-bar limit of other tools. This feature allows traders to conduct a comprehensive and detailed study of volume data over extensive time periods.
Volume Profile Analysis : The tool provides an in-depth volume profile analysis, showcasing the distribution of trading activity across different price levels. This is crucial for identifying key areas of interest in the market.
Bull/Bear Strength Profile : A standout feature that displays the relative strength of buyers (bulls) and sellers (bears) at different price levels. This visual representation helps traders gauge market sentiment and power dynamics.
Automatic HVN and LVN Identification : PRVP++ automatically highlights High Volume Nodes (HVNs) and Low Volume Nodes (LVNs), making it easier for traders to identify significant zones of trading activity and potential breakout areas.
Customization and Visual Enhancements : Offers customization for the profile's width, horizontal offset, and a sophisticated gradient color scheme for HVNs and LVNs, enhancing the tool's visual appeal and analytical utility.
█ Input Parameters
Price Range : Sets the percentage distance for the volume profile relative to the current closing price, determining the extent of volume data analysis.
Profile Step Size (Tick Size) : Users can choose automatic sizing or set a specific tick step size, offering flexibility in the granularity of the volume profile.
Volume Profile Options : Includes settings for gradient power and color selections for high and low volume areas, along with a fun mode for random color variations.
Profile Placement and Appearance : Adjustments for profile width, horizontal offset, and the option for background fill to enhance visibility.
Background Fill : Allows users to fill the background of the volume profile range, enhancing the visual impact and readability.
Time Weighted Profile : An option that weights the volume profile to give more emphasis to recent trading activities, highlighting the impact of recent market movements.
Smooth Filter : A feature that smoothens the volume profile to reduce noise and fluctuations, offering a clearer view of dominant volume levels.
High and Low Volume Node Settings : Customizable detection settings for HVNs and LVNs, line styles, label text sizes, and the option to extend lines for clearer market analysis.
Extra Settings : Includes displaying the current price on the profile, a customizable settings table with adjustable location and font size, and table opacity.
Random Color Generation : A feature for dynamically changing the colors used in the volume profile.
█ Possible Use Cases
Long-Term Market Analysis : Due to its ability to analyze all available candles on the chart, PRVP++ is exceptionally suited for long-term market analysis. Traders can study the historical volume profile over extended periods, identifying significant volume trends and shifts that could impact long-term investment strategies.
Identifying Key Support and Resistance Levels : The automatic HVN and LVN identification feature of PRVP++ makes it easier for traders to spot potential support and resistance levels. HVNs often correspond to strong support or resistance zones where significant trading activity has occurred, while LVNs may indicate levels where the price could break through more easily.
Gauging Market Sentiment with Bull/Bear Strength Profile : The Bull/Bear Strength Profile helps traders understand the prevailing market sentiment at different price levels. By analyzing the dominance of buying or selling pressure, traders can align their trades with the market's direction or prepare for potential reversals.
Intraday Trading and Scalping : For intraday traders and scalpers, the time-weighted feature and the ability to adjust profile step size offer valuable insights. By emphasizing recent trading activity and adjusting the granularity of the profile, traders can make more informed decisions based on short-term price movements and volume changes.
Breakout Trading : By utilizing the LVN identification, traders can pinpoint areas with low trading activity that might serve as potential breakout points. This information can be instrumental in formulating strategies to capitalize on sudden price movements.
Volume Gap Analysis : PRVP++ can be used to identify volume gaps, which are areas with significantly low volume. These gaps can act as important indicators for price movements, as prices may move quickly through these levels due to the lack of historical trading activity.
Risk Management and Position Sizing : Understanding the volume profile can aid in better risk management and position sizing. By recognizing areas of high and low volume, traders can set stop-loss orders more effectively and adjust their position sizes according to the perceived strength of support or resistance levels.
Swing Trading : For swing traders, the comprehensive historical lookback and HVN/LVN analysis provide critical information about where to enter and exit trades. Swing traders can utilize these features to identify trend reversals and momentum shifts.
█ Best Practices and Tips
Start with a Clear Understanding : Before utilizing PRVP++, ensure you have a solid grasp of volume profile concepts. Understanding High Volume Nodes (HVNs), Low Volume Nodes (LVNs), and their implications on market behavior is crucial.
Combine with Other Analysis Tools : While PRVP++ is powerful, it's most effective when used in conjunction with other technical analysis tools and indicators. Combining volume profile data with price action analysis, trend lines, and technical indicators can provide a more comprehensive market view.
Customize According to Your Trading Style : Tailor the tool's settings to fit your trading strategy. Day traders might prefer a more detailed profile, while long-term investors may benefit from broader data analysis.
Pay Attention to HVNs and LVNs : HVNs can indicate potential support or resistance areas, while LVNs might suggest breakout points. Monitor these areas closely for trading opportunities.
Utilize the Full Historical Lookback Feature : For a broader perspective, use the full historical lookback feature to understand long-term volume patterns and their impact on current price movements.
Keep an Eye on Bull/Bear Strength : Use the Bull/Bear Strength Profile to gauge market sentiment at different price levels. This can help in predicting potential price movements.
Regularly Update Your Strategy : As market conditions change, regularly review and adjust your use of PRVP++ to ensure it aligns with current market dynamics.
Stay Informed About Market News : Be aware of how economic news and global events might affect the volume and price, as these factors can significantly impact the effectiveness of volume-based strategies.
█ Disclaimers and Risk Advice
No Guarantee of Profits : Trading involves risk, and the use of the PRVP++ tool does not guarantee profits. Always be aware of the potential for loss.
Educational Purposes Only : The information provided by PRVP++ is for educational purposes only and should not be considered financial advice.
Not a Standalone Tool : PRVP++ should not be used as a standalone decision-making tool. Combine it with comprehensive market analysis and personal judgment.
Past Performance Not Indicative of Future Results [/b: Historical data and trends analyzed by PRVP++ do not guarantee future market behavior.
Use Risk Management : Always employ sound risk management strategies, including setting stop-loss orders and managing position sizes to protect your capital.
Personal Responsibility : Trading decisions remain the responsibility of the individual trader. Use PRVP++ as one of several tools in your decision-making process.
Ticker Screener by Volume Heatmap [SS]Fun little screener that creates a heatmap by daily volume trend.
The numbers expressed are the Sell to Buy ratio (Selling volume / buying volume). The % is the % change over the lookback period.
The default lookback period is 25 days, but you can adjust it as you see fit. The brightness of the green and red will change based on the extent of buying / selling.
Anything 1 or over means there is a lot of selling. A percent change in the negatives is good, it means that selling is decreasing and buying is increasing. Vice versa for a percent change in the positives.
It will accomodate up to 12 tickers, there are some pre-set but you can obviously customize it with your own tickers of interest.
And that's pretty much the indicator, pretty simple indicator but I hope you enjoy!
Safe trades everyone!
Volume Footprint Voids [BigBeluga]Volume Footprint Voids is a unique tool that uses lower timeframe calculation to plot different styles of single candle POC.
This indicator is very powerful for scalping and finding very precise entry and exits, spotting potential trapped traders, and more.
Unlike many other volume profiles, this aims to plot single candle profiles as well as their own footprints.
🔶 FEATURES
The script includes the following settings:
Windows: Plotting style and calculations
Coloring modes
Display modes
lower-timeframe calculations
🔶 CALCULATION
In the image above we can see how the script calculates each level position that will serve as a calculation process to see how much volume/closes there are within the levels.
In the image above, we can have a more clear example of how we count each candle close.
We use the prior screenshot as an example, after setting each level we will use the lower-timeframe input to measure the amount of closes within the ranges.
Depending on the lot size, the box will be larger or smaller, usually the POC will always have the highest box size.
NOTE: Size is the starting point, always from the low of the candle.
To find more voids, select a closer LTF to the current one you're using.
To find fewer voids, select a timeframe away from your current one.
Due to Pine Script limitations, we are only able to plot a certain amount of footprints, and we can't plot the whole history chart.
POC will be the largest block displayed, indicating the time point of control
Gray areas are closes above the average
Black are Void or imbalance that price will fill in the future, like FVG
The image above shows an incorrect size input that will lead to bad calculations, while on the other side, a correct size input that will lead to a clear vision and better calculation.
🔶 WINDOWS
The "▲▼" Mode will display delta buyers and delta sellers coloring with voids as black.
It also offers a gradient mode for a beautier visualization
The "Total Volume" mode will display the net volume within the lot size (closes within the levels).
This is useful to spot possible highest net volume within the same highest lot size.
The "POC + Gaps" will show both POC and Gaps as the highest block while all the rest will be considered as the smaller block.
This is useful to see where the highest lot were and if there are higher or lower imbalances within the candle
The last option "Gaps" will simply display the gaps as the highest block, while the POC as the lowest block.
This is useful to have a better view of the gaps areas
🔶 EXAMPLE
This is one of the most basic examples of how this script can be used. POC at the bottom creating a strong support area as price holds and creates higher voids gap that price fills while rising.
🔶 SETTINGS
Users have full control over the script, from colors to choosing the lower-timeframe inputs to disabling the lot size.
Binance Liqudation [ProjeAdam]OVERVIEW
This indicator is designed to analyze liquidations on the Binance futures market.
USER GUIDE:
The main purpose is to evaluate liquidation risks using volume differences, price change percentages and changes in open positions between futures and spot markets.
The indicator takes user input as the mean liquidation length over a certain period of time and the option to change bar colors.
SETTING PANEL - VİSUALİZATİON
"The 'Mean Liquidation Length' setting on the indicator represents the average size of liquidation in the market.
This setting is used to calculate the average amount of liquidation that has occurred over a specific time period.
Traders can better understand the overall risk level and volatility of the market by using this setting.
A higher average "Liquidation length can mean larger liquidations and potentially higher market risk. Therefore, the value of this setting plays an important role in assessing market conditions and possible liquidation risks."
In the indicator, the 'Activate Bar Color' setting is used to change the color of the bars on the chart when liquidation levels exceed a certain threshold.
This feature provides traders with a visual cue to quickly identify high liquidation risks in the market. If liquidation levels rise above the set threshold, the bars turn into a predefined color, allowing traders to easily spot potential high-risk situations.
This is particularly valuable in fast-moving markets, serving as an important alert mechanism for traders.
ALARMS
In this indicator, alarms are triggered specifically when liquidation levels surpass a set threshold. T
his feature is designed to alert traders when there is a significant increase in liquidation activity, indicating potentially high-risk market conditions. I
t serves as a crucial tool for traders to stay informed about critical market movements and manage their trades accordingly.
ALGORITHM
The main purpose is to evaluate liquidation risks using volume differences, price change percentages and changes in open positions between futures and spot markets.
The indicator takes user input as the mean liquidation length over a certain period of time and the option to change bar colors.
Its algorithm compares volume data for futures and spot markets, calculates price change percentages and analyzes changes in open positions.
This data is used as an indicator of liquidation risks. The indicator uses bar charts and color coding to visualize the calculated liquidation risk.
When using this indicator, careful analysis should be made, taking into account the volatility and variability of the markets.
The indicator should be used as a guide only and all investment decisions should be supported by a comprehensive market analysis.
Example
In the example below, we see the increasing liquidation level in bars with high liquidation.
It provides the opportunity to easily monitor liquidation risks.
It supports making more informed decisions against market movements.
It is a useful tool for observing relationships between futures and spot markets.
Benefits
Its advantages are that it enables users to monitor liquidation risks more easily and helps them make more informed decisions regarding market movements.
It is also a useful tool for observing relationships between futures and spot markets.
If you have any ideas what to add to my work to add more sources or make calculations cooler, suggest in DM .
Highest Volume Bar from a Lower TimeframeVolume is an essential indicator in technical analysis as it can signal confirmations of movement, reversals, and more. This indicator was developed to identify candles with high volume in both the current timeframe and a lower timeframe
SETTINGS
The indicator has two display modes: Candles and Volume.
- Candles: it presents a traditional candlestick chart that shows the candles of the current timeframe, along with the candle with the highest volume from the lower timeframe.
- Volume: it features a volume chart displaying the volume of the current timeframe in histogram form, as well as the bar with the highest volume from the lower timeframe represented in columns.
LOWER TIME FRAME SETTINGS
- Lower Time Frame: the lower timeframe to be taken into consideration.
- LTF Candle Display: determines which candles from the current timeframe chart will display the candles with the highest volume from the lower timeframe.
- Volume Display: determines how the volume bars will be presented for both the current timeframe and the lower timeframe.
VOLUME LEVEL SETTINGS
- SMA Period: the time period for calculating the volume average.
- High Volume: the multiplier used to classify a candle as having high volume.
- Medium Volume: the multiplier used to classify a candle as having medium volume.
- Low Volume: the multiplier used to classify a candle as having low volume.
- Show Volume MA: enable this option to display the Volume MA on the chart.
COLOR SETTINGS
- Candle Color: the color to be used in the charts.
- Shade Intensity : the intensity of the shades for volume levels.
- Transparency : the transparency to be used for the candles of the current timeframe when displaying candles with higher volume from the lower timeframe.
