Added ATR to dead zone line, slope color to explosion line and buy/sell signals below. Ported to pine script v4.
🌈 Rainbow Force - Multi Timeframe WYCKOFF ARSENAL The purpose of the Force is to provide an indication of the pressure being applied to push the market lower or the pull being applied to the market to pull it higher. The Rainbow Force can be used on any available timeframes and assets with volume data . It is a combination of Force instances of...
Relative Volume or RVOL is an indicator used to help determine the amount of volume change over a given period of time. It is often used to help traders determine how in-play a ticker is. General rule of thumb is the higher the RVOL, the more in play a stock is. I myself like to use it as a substitute of the volume indicator itself. Basic Calculation: Relative...
Like its companion study, Bar%Change , this is a visual study to hilight the change in volume by percentage. the percentages are calculated by the duration of the momentum. This study is not designed for automated trading. The triangles show buys/sells on the basis of momentum. Buys occur below momentum, while sells occur above. Percentages are shown in red if...
I wanted to create an indicator which resembles price movement, aside to volume movement. The "yellow-blue" line is the MA(5) of the RSI (9) of closing price. The "orange" line is the MA(5) of the RSI (9) of Volume . (Default plot of RSI and VRSI is not visible but can be made visible ("Settings" > "Style" > set "Opacity" of "RSI & VRSI")) The Long (Buy)...
I wanted to create an indicator which resembles price movement, aside to volume movement. MARSI (= MA RSI(close)) = "yellow-blue" line which is the MA(5) of the RSI (9) of closing price. VRSI (= MA RSI(Volume)) = "orange" line which is the MA(5) of the RSI (9) of Volume . (Default plot of RSI and VRSI is not visible but can be made visible ("Settings" > "Style"...
I wanted to create an indicator which resembles price movement, aside to volume movement. MARSI (= MA RSI(close)) = "yellow-blue" line which is the MA(5) of the RSI (9) of closing price. VRSI (= MA RSI(Volume)) = "orange" line which is the MA(5) of the RSI (9) of Volume . (Default plot of RSI and VRSI is not visible but can be made visible ("Settings" > "Style"...
Eng. This is the second version of the "Horizontal Volumes" indicator. The indicator shows the distribution of the traded volume by horizontal levels. It is not authentic horizontal volumes, but works well. The differences from the previous version are in: - changing the mechanism of drawing lines; - the introduction of new features; - the possibility of using...
This indicator presents an oscillator that suggests volume directional bias. Colour switch (blue to ice-blue and red to maroon) confirms oscillator turnaround. Confirmed divergences flag a trend change that can be used as a trade entry aid. I suggest changing your candlesticks as follows: Border: black Wicks: grey
Indicator to see the market buyers and market sellers. Important for a sentiment analysis
VoDVo stand for Volatility Discounted Volume The indicator examines the abnormality of volatility discounted volume. Several parameters would be applied to make buy signals(green bars) and McGinley crossovers are used to make sell signals(red bars). Please note that sell signals are not meant to be an optimal point, you are advised to use your best judgment to...
Neru_VolumeAlert_v3 _______________________ This indicator let´s you set alerts on different events / changes in the volume, that has been added with standard settings. You can also see significant changes as labels above the volume itself. Additionally stochastic RSI is used to filter oversold / overbought conditions. Added: Increasing Volume (Bullish +...
In this script I included 2 quite interesting indicators for Bitcoin: * NVT (Network Value to Transactions Ratio) * NVTS (NVT Signal) Both indicators are based on Bitcoin Network Value (Market Cap) and 24h transaction volume. For both these values I'm using Quandl datasets from Blockchainc.com: market_cap: QUANDL:BCHAIN/MKTCP transac_vol:...
This is Volume based Buy and Sell Momentum script. Basically I'd just adjusted PVI and NVI But It's easy to understand current Volume trends and Momentums Thank you and Wish your successful investment.
Hi everyone The today's script was suggested by a follower. -------------------------------------- 1 minute of Knowledge -------------------------------------- Many traders look at volume as a pre-signal that a move may happen. In trading, some say that "the volume precedes the movement". This simply means that often volume will increase before a significant...
The "Range Force Impulse" indicator combines 4 useful indicators into one, freeing up chart real-estate and giving the trader insight into trend health, bull/bear commitment, range and volatility all at a glance. The indicator consists of the following: Direction - True Range and Average True Range columns shown above and below 0 depending on direction of...
First attempt playing around with mixing volume and momentum... I find it to be nonsense, but putting it up for the moment.