the main rules are in version 1.0 of this indicator, here: and they provide useful info to make sense of the indicator two important improvements: 1 - the candle period is now provided in minutes 2 - the volume MA size does not make an average abymore, now IT CHOOSES the highest value in the range. this provides less, but more significant signals.
This indicator was designed to work in real time, and needs the "calculate on every tick" turned on. It verifies if the volume from the current candle is increasing more or less than the average. Example using 5 min. candles: 1 minute is 20% of the time for the candle. So, if the volume is at 20% or below of the vol.average, the market is stable(price not moving...
Works only on Forex pairs. See the inside bar volatility. Use precision to get data from lower time frames. Be aware that script initialization will be slower with the precision going higher. Added an option to show average volatility for long term as forex market transactions grow rapidly, suppressing all other markets. Bar color changes to green when volatility...
EXPERIMENTAL: Use at your discretion. A different way to look at volume information from a time flowing perspective.
Looks at increasing or decreasing volume over the last 3 bars as well as how the last three price bars have close. The idea is to use a color bar as confirmation of support/resistance at that level.
B3 VWM is a momentum indicator that responds to the change of price in relationship to volume. In the end the final formula is the classic physics test question of p=mv where p is momentum, m is mass and v is velocity. In this indicator mass is the amount of volume it took to move the price where it did, and velocity is the change in price expressed as a...
Displays sum of volumes for each hour for the given period. Indicator can be used to determine the volatility of the market
Estimates volume up and down, colors separately. Units are in whatever price is in. I made it so I can get volume in btc for all pairs with btc.
Script shows the volume of the currency pairs in the FXCM mini account. I set it daily or weekly to see which pair is picking up in activity. My style of currency trading is short holds on the highest volatility. This helps me determine which pairs have the highest volume (or tick activity since there is no true exchange for currency). I use this in conjunction...
I have updated the indicator to help visualize volume . The percentage scale is based on a 21 period look back average . The colored volume bars represent volumes that exceed specified standard deviation of this 21 period average as indicated in the figure. The deviation bands are based on a the 55sma of the 21 period average (brown line). A 8 period sma of the 21...
A simple yet configurable indicator that shows recent traffic volumes. The time period is specified as weeks/days/hours/minutes, not as bars. Set the volume period to non-zero if you want to use a generalized double EMA instead of plain. The "ratio" option will show the size of the current volume compared to the average volume as computed for the specified time...
A simple yet configurable indicator that shows recent traffic volumes. The time period is specified as weeks/days/hours/minutes, not as bars. Set the volume period to non-zero if you want to use a generalized double EMA instead of plain. The ratio option will show the size of the current volume compared to the volume in the specified time period (expect to see...
A simple yet configurable indicator that shows recent traffic volumes. The time period is specified as weeks/days/hours/minutes, not as bars. For using the generalized double EMA, set the velocity to something other than zero.
With the same idea of the VPSA i make the VPSA2 to make Heiken Ashi style synthetic graph of the price and the volume effect, its easy to see the volume trends. Each instrument have a more clear time frame to see the volume patterns. I see very useful like a secondary analysis layer. in the graph show the same RSI with price and VPSA2 like source. Can use...
With the same idea of the VSA i make the VPSA to make synthetic graph of the price and the volume effect, its easy to see the volume trends. Each instrument have a more clear time frame to see the volume patterns. Can use others indicators over the VPSA, only write in CAPITAL letters open, high, low, close or hl2 at inputs section.
It's a simple indication. I multiplied the output of bop with volume, make it more smoother.
The colour bars: Green: Price up - Volume > 2 x STD of last 21 bars Blue: Price up - Volume > 1 x STD of last 21 bars Maroon: Price down - Volume > 2 x STD of last 21 bars Purple: Price down - Volume > 1 x STD of last 21 bars Grey: not high volume bar Green line: 2 bar sma Red line: 8 period sma of the greenline Bollinger band: 55 period sma of the 21 period sma...