The indicator plots regular volume bars. The highlight is given by the current cumulative volume for the day, compared to a custom average (standard 20 periods). The stronger the color, the higher the relative volume is. Stocks moving of higher relative volume have higher chances of making predictable moves.
After a few requests, the MonsterDelta is is now available with open source. As mentioned before, it uses an approximation of Up and Down Volume (because they are not kept by Tradingview/not accessible by Pinescript). The approximation is: The "up path" on the "up" candle can be approximated by (High-Low). The "down path" on the "up" candle can be approximated...
Not sure where I originally got this (somewhere off Tradingview several years ago, thanks to the person who shared), just publishing because of a request. This is basically a stochastic OBV movement indicator. It is good to work with both price and volume. I've updated to be able to display either as positive only, or both sides (50/-50), also included an invert...
Combination of @Zeenobit's Swing Points and Momentum Exhaustion indicators; RSX instead of RSI from @jaggedsoft/@everget's RSX Divergences script(s).
Volume momentum gives much more information than a simple volume MA. It does require interpretation however, since increasing volume momentum can indicate strengthening of both an up or down movement. Volume momentum peaks and bottoms are also interesting as they often lead to shifts in price movement. In order to help interpretation, I color rising volume...
The second version of the rsivol 2 indicator. Added the channel for charts of price and volume RSI RSI. The channel display is enabled in the settings. ----- Вторая версия индикатора RSIVOL 2. Добавлен канал для графиков ценового RSI и объемного RSI. Отображение канал включается в настройках.
Custom Accumulation / Distribution indicator enhanced with a cloud formed by moving averages for longer term bias. Beware the way Acc/Dist indicator should be used is to map the levels and swing points to identify supply levels and not focus too much on the clouds.
The indicator is MACD(14,9) of 14 day average of total positive and negative volume. The signals are not to be studied similar to price MACD(buy and sell based on line-crossover); instead it shows the overall buyer and seller sentiments.
An attempt to solve an issue in OBV calculation. I believe we should give different weightings to the period's volume based on the size of the move. Why should a 0.01% move that could have easily been -0.01% have the same effect on OBV as a 0.5% move? Let me know your thoughts.
These are volume columns on steroids, for serious volume users. You can use the indicator to show volume columns or relative volume. You can define alerts using numerous conditions in both column and relative modes simultaneously. Multiple coloring schemes allow you to reveal volume columns in a much more useful light than the two-color standard. Features...
Volume Ticks is a zero-lag market sentiment indicator. It works by providing a cumulative count of increasing volume columns. A one count is added for each increasing volume column where close>open, and one is subtracted on an increasing volume column if close<open. That’s it. The count does not change when volume hasn’t increased compared to the previous bar’s...