Harmonic Rolling VWAP (Zeiierman)█ Overview
The Harmonic Rolling VWAP (Zeiierman) indicator combines the concept of the Rolling Volume Weighted Average Price (VWAP) with advanced harmonic analysis using Discrete Fourier Transform (DFT). This innovative indicator aims to provide traders with a dynamic view of price action, capturing both the volume-weighted price and underlying harmonic patterns. By leveraging this combination, traders can gain deeper insights into market trends and potential reversal points.
█ How It Works
The Harmonic Rolling VWAP calculates the rolling VWAP over a specified window of bars, giving more weight to periods with higher trading volume. This VWAP is then subjected to harmonic analysis using the Discrete Fourier Transform (DFT), which decomposes the VWAP into its frequency components.
Key Components:
Rolling VWAP (RVWAP): A moving average that gives more weight to higher volume periods, calculated over a user-defined window.
True Range (TR): Measures volatility by comparing the current high and low prices, considering the previous close price.
Discrete Fourier Transform (DFT): Analyzes the harmonic patterns within the RVWAP by decomposing it into its frequency components.
Standard Deviation Bands: These bands provide a visual representation of price volatility around the RVWAP, helping traders identify potential overbought or oversold conditions.
█ How to Use
Identify Trends: The RVWAP line helps in identifying the underlying trend by smoothing out short-term price fluctuations and focusing on volume-weighted prices.
Assess Volatility: The standard deviation bands around the RVWAP give a clear view of price volatility, helping traders identify potential breakout or breakdown points.
Find Entry and Exit Points: Traders can look for entries when the price is near the lower bands in an uptrend or near the upper bands in a downtrend. Exits can be considered when the price approaches the opposite bands or shows harmonic divergence.
█ Settings
VWAP Source: Defines the price data used for VWAP calculations. The source input defines the price data used for calculations. This setting affects the VWAP calculations and the resulting bands.
Window: Sets the number of bars used for the rolling calculations. The window input sets the number of bars used for the rolling calculations. A larger window smooths the VWAP and standard deviation bands, making the indicator less sensitive to short-term price fluctuations. A smaller window makes the indicator more responsive to recent price changes.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Volumetrading
EXOFADEEXOFADE is an incredible trading indicator designed help give traders a visual clue of price momentum by combining Linear regression calculations with volume.
Overview:
ExoFade is a unique and dynamic trading indicator designed for both beginner and professional traders. At its core, it uses a sophisticated blend of multiple linear regression analysis, incorporating price, time, and volume-weighted moving average (VWMA) to predict potential price movements. By analyzing these key factors, EXOFade offers an innovative approach to understanding market trends and identifying trade opportunities.
Why It Works:
ExoFade works by calculating a regression line that adapts to market conditions, factoring in both price trends and trading volumes. This approach provides a more nuanced view of market momentum, going beyond traditional price-only indicators. The inclusion of time as a variable offers unique insights into market dynamics, making ExoFade a valuable tool for various trading strategies.
Key Features to Look Out For:
Regression Line: The heart of ExoFade, offering visual cues about the market's direction.
ATR-Based Fade Levels: Utilizes Average True Range (ATR) to set dynamic levels that signal potential reversals or continuation. The indicator comes with three fade levels, which are described below
Alert Conditions: You can set up for alerts for when any of the fade levels have been been reached, indicating potential entry points.
What Are Fade Levels And How To Use The Enter Trades:
The exofade line always moves with price, this indicates that the current volume is moving in the same direction.
When you see the exofade start to move ahead of price. For example, in an Uptrend, if price stops making new highs and you see the exofade line continue moving up ahead of price as price stagnates, this is the first time that you should be expecting pull back or reversal. When the line starts to visibly curve, this when you want to enter the trade.
Sometimes, the exofade line will move just a little bit ahead of price, and sometimes it will move a clear distance ahead of price.
From my experience, the further ahead it moves from price without price keeping up, the higher the probability of a pullback or reversal.
The actual pullback then starts when the exofade line starts to curve, which signifies the start if the actual pullback.
Since we cannot sit and watch for when the line has either moved further ahead enough or started to curve, thats why i figured to use ATR as the best way to measure the distance the exofade line moves ahead of price and the ATR also happens to measure Volatility, which makes it a perfect match.
From forward testing this for months, i have found the pullbacks typically start when the exofade line has moved ahead of price by atleast 2 ATR's. A distance of 2 ATR and above are the ones i consider the best setups. This also marks the point for your stop loss, since 2 ATR is generally used stoploss level.
To catch and sell a pullback in an uptrend, you can set alert for one or both of these alerts
Fade Level 2 abv price - This alert will trigger once Exofade line reached 2 ATR ABOVE price (Just means it has reached 2 atr, dosent mean it has started curving yet)
Curve lvl 2 - SELL - This alert means the exofade line has started to curve at 2 ATR
To buy pullbacks in a downtrend you set the opposite alerts of the one above for curve below price
There are also same alerts for level 3 as well, which is 2.5 ATR
IMPORTANT NOTES - DONT SKIP THIS
For daily and intra-day swings - Use this on 1hr trend upwards - The exofade line much slower on higher timeframe, so when you get a curve on a high time frame, like the 4HR or Daily timeframe, those are excellent signals
For scalpers trading 1hr below - The exofade moves faster on lower timeframes, so more caution should be used with these on lower timeframes , you this with other confluences like a good momentum oscillator oversold/overbought regions StochRSI, MACD etc
EXTRA TIPS
- Since the curve forms slower on higher time frames, it means getting a curve the on daily and weekly chart can help in your trend analysis to detect early signs of potential trend reversals
-I typically pair this with my customized version of Nadaraya watsons envelope ( a free indicator on tradingview) It will further improve your entry and winrate. Biggest advantage is for setting a profit target. In a buy trade for example, you buy the curve below price and set your profit target for the top band of the nadaraya watson envelope. Very efficient for scalping
- Unique areas were you want to pay attention to the exofade is when price enters points of interest, this depending on your trading style could be a
-FVG - fair value gaps
-Order blocks
- Supply / Demand areas
-Volume profile Value area High and Value area Low
The are two scenarios i would like you to be cautious of
1. As with every indicator and strategy, i most definitely wouldn't use this during high impact news.
2. If price is trending very strongly in one direction only, such that even barely gives any decent pull backs at all. Most especially if that strong push is happening between the 4hr to Daily time frame. Do not attempt to counter those trends unless you know what you are doing. Its not advisable.
Instead i'll recommend using the Exofade to catch an entry in the direction of the trade for a continuation.
And Lastly
Since this indicator uses VOLUME data as part of its calculations. It will not work on any pairs that tradingview does not provide volume data for, like Gold. But it will work normally on Gold Futures, since that has volume data
Crypto Scanner Pro [FxScripts]***** FEATURES *****
Crypto Scanner Pro is both an indicator and market scanner combined. The combination allows you to have multiple eyes across the market, all from a single chart.
Each scanner is comprised of an intuitively designed 3-in-1 tool that tracks the key metrics that drive markets.
They each use advanced algorithms to gather information from multiple data points, distilled into one simplified view.
***** TREND SCANNER *****
The Trend Scanner allows you to track price action across the wider market. Instantly see pattern shifts and emerging trends; when the market moves, you can move with it.
***** MOMENTUM SCANNER *****
The Momentum Scanner offers realtime insights into momentum shifts as they occur. This allows you to monitor false breakouts and catch the moves that matter.
***** VOLUME SCANNER *****
The Volume Scanner provides unique indications into where buy and sell volume is being placed. It offers a further way of determining entry and exit points or simply confirmation that a trend is underway.
***** INSTRUMENTS *****
Crypto Scanner Pro works effortlessly with the following large cap coins:
Avalanche, Bitcoin Cash, Bitcoin, BITO, BNB, Cardano, Chainlink, Dogecoin, Ethereum, Litecoin, Polkadot, Polygon, Shiba Inu, Solana, Stellar, Toncoin, XRP (Ripple) *
***** SETTINGS OVERVIEW *****
The scanner features the following customizable settings:
~~ Trend Settings ~~
Trend Filter - adjusting this will allow you to focus on short term trends (most suitable for scalping), medium or long term (best for swing trading).
Countertrend Strength - increases the sensitivity of weaker vs stronger countertrends. As countertrends are trends that run against the main trend, this will assist in detecting the strength of a pullback or reversal and allow you to either hold, exit or reverse the trade with confidence.
~~ Momentum Settings ~~
Momentum Filter - increase or decrease the sensitivity of the momentum scanner. Increase to avoid periods of low or weak momentum, decrease to highlight stronger surges in momentum.
~~ Volume Settings ~~
Volume Filter - increase or decrease the sensitivity of the volume scanner. Increase to avoid periods where buy and sell volume can potentially cancel each other out.
~~ Volatility Settings ~~
Volatility Offset - use this to fine tune the volatility filter. A higher value generally delays the volatility filter allowing for confirmation of stronger trends, a lower value will detect trend, momentum or volume movement sooner but may be less accurate.
Each scanner has its own setting allowing you to adjust how you monitor the underlying volatility for each.
As with all settings, we recommend adjusting this to your style of trading, instrument and timeframe.
~~ Alerts ~~
Alerts can be configured to send notifications when anything from 6-10 bullish or bearish dots are showing. Exit markers can be configured when anything from 2+ dots are revealed. This adds an extra layer of sensitivity for traders who appreciate complete control over their trade.
~~ Display Settings ~~
You have the ability to hide all colored dots and only show the background or, alternatively, hide the background and only show colored dots.
***** TRIAL PERIOD *****
We offer a FREE, no questions asked, 7-day trial with every new registration. Visit the link below to register.
* list subject to change as coins increase or decrease in popularity
Volume Delta CandlesThis indicator is designed to visualize the volume delta, which represents the difference between buying and selling volumes during each candle period. The indicator plots custom candlesticks on the chart, with OHLC values calculated based on the volume delta.
Calculations:
To calculate the volume delta, the indicator first determines the buying and selling volumes. If the closing price is higher than the opening price (close > open), the volume is considered as buying volume. If the closing price is lower than the opening price (close < open), the volume is considered as selling volume. Otherwise, the volume is set to zero. The volume delta is then calculated as the difference between the buying volume and the selling volume.
The custom OHLC values are derived from the volume delta. The custom open is obtained by subtracting the volume delta from the closing price. The custom close is obtained by adding the volume delta to the closing price. The custom high is set as the maximum value between the closing price and the custom open, ensuring that the candle represents the highest value within the range. The custom low is set as the minimum value between the closing price and the custom open, ensuring that the candle represents the lowest value within the range.
Interpretation:
The indicator's custom candles provide visual insights into the volume delta. Each candlestick's color (lime for positive volume delta, fuchsia for negative volume delta) indicates the dominance of buying or selling pressure during that period. When the volume delta is positive, it suggests that buying volume exceeded selling volume, possibly indicating a bullish sentiment. Conversely, when the volume delta is negative, it indicates that selling volume was higher, potentially signaling a bearish sentiment. The indicator also plots a zero line to represent the equilibrium point, where buying and selling volumes are equal.
Potential Uses and Limitations:
Traders can use the indicator to gain insights into the strength and direction of buying and selling pressures. Positive volume delta during an uptrend could suggest the presence of strong buying interest, potentially supporting further bullish moves. On the other hand, negative volume delta during a downtrend could indicate intensified selling pressure, hinting at potential further declines. Traders might use the indicator in conjunction with other technical analysis tools, such as support and resistance levels, trendlines, or oscillators, to confirm potential reversal points or trend continuations.
It's essential to interpret the indicator in the context of the overall market environment. While volume delta can provide valuable insights into short-term buying and selling imbalances, it is just one aspect of market analysis. Traders should consider other factors, such as market structure, fundamental events, and overall sentiment, to make informed trading decisions. Additionally, the indicator's efficacy might vary across different market conditions, and it may produce false signals during low-volume periods or choppy markets.
Conclusion:
By visualizing volume delta through custom candlesticks, traders can gauge market sentiment and potentially identify key reversal or continuation points. As with any technical indicator, it is advisable to use the Volume Delta Candles in combination with other tools to gain a comprehensive understanding of market conditions and make well-informed trading choices. Additionally, traders should practice proper risk management techniques to protect their capital while using the indicator in their trading strategy.
Volume Delta (Expo)█ Overview
Volume Delta (Expo) is a trading tool that measures the difference between buying and selling volume in a given market. It is a powerful tool for analyzing volume clusters and price action, as it can help traders identify the direction and strength of the trend as well as potential volume-weighted support and resistance areas.
█ How is the Volume Delta calculated?
Volume Delta is calculated by subtracting the number of contracts traded on the bid from the number of contracts traded on the ask. A positive Volume Delta indicates that more contracts are being traded on the ask than on the bid, which suggests buying pressure. A negative Volume Delta indicates that more contracts are being traded on the bid than on the ask, which suggests selling pressure.
Note, our Volume Delta (Expo) uses intrabar analysis in combination with volume clusters which is a great approximation to calculating volume delta on TradingView. The tool is equipped with a unique volume-weighted cluster function to calculate the delta trend over time as well as a dynamic trend strength calculation.
█ How to Use Volume Delta to Analyze Volume Clusters
Volume clusters are areas of high volume that indicate a potential change in price direction. Once the clusters have been identified, traders can then use Volume Delta to measure the difference between buying and selling volume in the clusters.
If the buying volume is greater than the selling volume, it indicates that the price is likely to move higher. Conversely, if the selling volume is greater than the buying volume, it indicates that the price is likely to move lower.
In addition to measuring the difference between buying and selling volume, traders can also use Volume Delta to analyze price action. By looking at the volume clusters and the corresponding price action, traders can identify potential support and resistance levels.
█ How to use
The volume delta provides insight into market sentiment, as a rise in buying volume on a positive close indicates that bullish sentiment is strengthening, while a rise in selling volume on a negative close indicates that bearish sentiment is increasing. In addition, use volume delta to identify the direction and strength of the trend.
It's common among volume traders to use volume delta to confirm trends, identify reversals, divergences, and volume-weighted support and resistance areas
Volume - divergences
If the volume delta is positive but the price trend is still bearish, it could be an indication that the current trend is weakening and a reversal may be imminent. Similarly, if the volume delta is negative but the price trend is still bullish, it could be an indication that the current trend is weakening and a reversal may be imminent.
█ Indicator Features
In addition to the main Volume Delta feature, the indicator has the following features:
Adaptive or Stability Volume Strength: Choose between adaptive or stability volume strength.
Exhausted Volume bars: Show Exhausted Volume Bars on the chart.
Divergences: Enable Regular and Hidden Volume Divergences
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
