Split VolumeThe Split Volume indicator displays 'Upwards' and 'Downwards' volume with an additional method for distributing 'split' candle volume.
A 'split' candle is a candle whose direction is...'Split'...since the open and close are equal. (Ex. Doji)
Upwards and Downwards Volume is tracked by comparing the Open and Closes of the Lower Timeframes.
If the Close is Greater-than the Open, we track the Volume as 'Upwards' Volume.
If the Close is Less-than the Open, we track the Volume as 'Downwards' Volume.
If the Close and Open are Equal, we assume that the Volume is an even split 50/50, and track it as such.
The indicator pulls data from lower timeframes to achieve more granular Open,Close,& Volume Data
Specifically:
<5m Timeframe: 1 Second LTF
<60m Timeframe: 5 Second LTF
<1D Timeframe: 1 Minute LTF
>1D Timeframe: 60m LTF
We have also included some nice-to-have features
50% Volume Line: This line splits each columns in half, this is used as quick reference to see exactly which side the volume is on.
High Volume Candle Identification: We are detecting bars with high relative volume and coloring them on the upper chart for use as important zones.
Status Line Readouts: The Status line for this indicator is formatted for simple reading. It Reads(Left-to-Right):Total Volume, Downwards Volume, 50% Value, Upwards Volume
Averagevolume
Predictive Volume + MTF [Pro]"Predictive Volume + MTF " is a predictor of near-future volume available on 13 of your favorite time frames. The script calculates the volume's % change (PredVol) between Current Volume vs. Previous Volume by predicting whether PredVol will be higher or lower at the end of the current bar using an "elapsed time" vs "volume so far" concept. This gives the benefit of the most up-to-date information without artificial low/high comparisons when a bar has just formed. For example, it would be common to see -100% in a lot of instances when a new bar is just forming which would be normal because volume at the start of a new candle will generally be lower than where it was when the last bar closed. Where this indicator shines is during this old to new bar formation relative to the volume that's carried over to the new bar. As a result, it will now be common to see PredVol values starting much higher because the calculation is dividing up the bar and analyzing fractions of it instead of the entire bar that would otherwise lead to these incorrect volume % change calculations.
Examples of Predictive Volume % Change:
In addition, this indicator uses many other advanced and robust features:
⚡ Matrices that create the table, allowing you to add and remove rows and columns to customize the table to show only the information that's important to you
⚡ View up to 13 time frames at once - it's generally a good idea to have at least 5 time frames up to get an overall feeling of the direction/sentiment of volume with the 1d being 1 of the 5
⏩ Includes the following popular time frames: 1m, 3m, 5m, 10m, 15m, 30m, 1h, 2h, 4h, 8h, 1d, week, month
⚡ 3 "bias mode" choices that use Relative Volume (RVOL) from calculations between Current, Previous & Average Volume that provide a heat map with varying degrees of color representing buying & selling momentum of your favorite asset. Traders generally have an innate bias when it comes to their trading methodology. The script's
author created separate modes to account for this. One way to utilize the indicator is to use 2 on your chart, 1 Bullish and 1 Bearish, to see if volume sentiment is skewed towards your particular bias
⏩ 🟢 Standard Mode 🔴 - displays green and red to depict volume momentum using same RVOL calculations as Bullish & Bearish modes
⏩ 🐂 Bullish Mode 🐂 - displays 5 colors to represent the levels of intensity of the Buy/Sell/RVOL data (light blue, green, yellow, light orange, dark orange)
⏩ 🐻 Bearish Mode 🐻 - displays 5 colors to represent the levels of intensity of the Buy/Sell/RVOL data (light red to dark red)
Ex. of all 3 bias modes showing very bullish volume sentiment:
Ex. of all 3 bias modes showing very bearish volume sentiment:
⚡ 2 types of alerts: PREDEFINED and CUSTOM
💡 PREDEFINED ALERTS consist of 4 Bullish & Bearish levels with Lvl 1 designed to be less sensitive than Lvl 2 etc
⏩ Configurable for every time frame, "On Close" or "Each Bar". On Close could be a better choice on lower time frames so that you're not getting a bunch of triggers over a short duration & Each Bar could be a better option for higher time frames so that you don't miss a move mid bar for instance
⏩ Creating a PREDEFINED BULLISH/BEARISH ALERT saves a snapshot of the alert's settings. You can then change the settings and create another alert
⏩ For example, you could create one alert for any alert type (bull and/or bear), for every time frame all at once, or you can create multiple & separate alerts, giving each one a unique name with the time frame that it's for: ex. BTC - Bullish Vol Lvl1 (1m) (keep in mind that TV provides you the ticker, time frame & alert
type automatically (the script's author hard-coded the label names within the script and as a result when they do fire you're provided the type of alert, such as "Bearish Vol (Lvl 1). Technically, you don't even need to name the alert again)
In this example, you're provided information on how to create PREDEFINED ALERTS, what conditions cause the alerts to trigger and how they'll look when they do fire
💡 CUSTOM ALERTS consists of 6 metrics giving you the ability to create your own custom compound alerts
⏩ Configurable for every time frame, "On Close" or "Each Bar". On Close could be a better choice on lower time frames so that you're not getting a bunch of triggers over a short duration & Each Bar could be a better option for higher time frames so that you don't miss a move mid bar for instance
⏩ Creating a CUSTOM ALERT works the same way as PREDEFINED ALERTS (see chart below)
⏩ Check your conditions in real-time for accuracy via a debug feature aka "SHOW HELP FOR TIME FRAME"
In this example, you're provided information on how to create CUSTOM ALERTS
⚡ Header function that provides the ticker, time frame and session that you're on (can use in lieu of TV's watermark feature, or use together)
⏩ There's 2 customizable header inputs - you could include your TradingView username in one of them for the times when promoting your charts across your favorite social media sites
⚡ Timer that shows you when a bar will begin/end plus other features that allow you to change the size and positioning of the table within your charts
⚡ An input that allows you to change the "significant figures" for rounding purposes - can be especially useful when volume is low or when you're trading OTC stocks
⚡ 4 volume moving average lengths - Intraday, Daily, Weekly, Monthly - for those times when 1 moving average to cover the entire gamut of just won't suffice
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There's quite a bit more information provided in the attached charts as well as the tooltips within the inputs section of the indicator. Should you have any questions, feedback etc, please do not hesitate to contact the script's author. My hope is that this indicator becomes an invaluable resource to you and you're able to integrate it in to your everyday trading tool bag to make more informed decisions.
*Predictive Volume + HTF [Free]*"Predictive Volume + HTF " is a predictor of real-time to near-future volume % change on the current chart and the next highest time frame. The script calculates the volume's % change (Pred Vol) between Current Volume vs. Previous Volume by predicting whether Pred Vol will be higher or lower at the end of the current bar using an "elapsed time" vs "volume so far" concept. This gives the benefit of the most up-to-date information without artificial low/high comparisons when a bar has just formed. For example, it would be common to see -100% in a lot of instances when a new bar is just forming which would be normal because volume at the start of a new candle will generally be lower than where it was when the last bar closed. Where this indicator shines is during this old to new bar formation and the volume that's carried over to the new bar. As a result, it will now be common to see Pred Vol values starting much higher because the calculation is dividing up the bar and analyzing fractions of it instead of the entire bar that would otherwise lead to these incorrect volume % change calculations.
A few examples of Predictive Volume % Change:
In addition, this indicator uses many advanced and dynamic features:
⚡ Matrices that create the table, allowing you to add and remove columns to customize the table to show only the information that's important to you
⚡ View 2 time frames at once - meaning every time you switch time frames, the table will auto-adjust to show the next highest time frame, or "HTF"
⚡ Header function that keeps you aware of the ticker, time frame and session that you're on at all times (can use in lieu of TV's watermark feature, or use together)
⚡ Timer that shows you when a bar will begin/end
⚡ Includes the following popular time frames: 1m, 3m, 5m, 10m, 15m, 30m, 1h, 2h, 4h, 8h, 1d, week, month
⚡ 3 "bias mode" choices that use Relative Volume (RVOL) from calculations between Current, Previous & Average Volume that provide a visual with varying degrees of color representing buying & selling momentum of your favorite asset. Traders generally have an innate bias when it comes to their trading methodology. Of course it can change quickly depending on current market structure. The script's author created separate modes to account for these biases. One way to utilize the indicator is to use 2 on your chart with 1 Bullish bias \"middle right\" and another Bearish bias \"lower right\" to see if volume pressure is skewed towards your particular bias by showing how many colored boxes there are on each table.
⏩ Standard - 🟢🔴 - displays green and red to depict volume momentum using same RVOL calculations as Bullish & Bearish modes
⏩ Bullish - 🐂🐂 - displays 5 colors to represent the levels of intensity of the Buy/Sell/RVOL data (light blue, green, yellow, light orange, dark orange)
⏩ Bearish - 🐻🐻 - displays 5 colors to represent the levels of intensity of the Buy/Sell/RVOL data (light red to dark purple)
Ex. of all 3 bias modes during a burst of bullish volume momentum:
Ex. of all 3 bias modes during a burst of bearish volume momentum:
⚡ 2 alert types: 1 bullish & 1 bearish with 2 levels for each
⏩ The PREDEFINED ALERTS consist of 2 Bullish & Bearish levels with Lvl 1 designed to be less sensitive than Lvl 2
⏩ Configurable for every time frame, "On Close" or "Each Bar". On Close could be a better choice on lower time frames so that you're not getting a bunch of triggers over a short duration & Each Bar could be a better option for higher time frames so that you don't miss a move mid bar for instance
⏩ Creating a PREDEFINED BULLISH/BEARISH ALERT saves a snapshot of the alert's settings. You can then change the settings and create another alert. In this way, you can create multiple unique alerts
⏩ Create one alert for any alert type (bull and/or bear), for every time frame all at once, or you can create multiple & separate alerts, giving each one a unique name with the time frame that it's for: ex. BTC - Bullish Vol Lvl1 (1m)
In this example, you'll see what causes the alerts to trigger as well as how to create them and how they'll look when they do fire.
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It is with a sense of gratitude, appreciation and indebtedness to the coder of this script ©SimpleCryptoLife that I'm able to present this indicator to you after months of hard work. We hope that you find it invaluable during your own trading journey! Should you have any questions, feedback or critiques please do not hesitate to leave a comment.
Average Volume ProfileAverage Volume Profile is an abstract based on a user suggestion.
The information displayed could be summed up as a volume profile divided by a market profile.
This indicator is a profile which displays the average volume of an area (of price).
It also calculates and displays the highest average volume point (HAV) and the relating value zones (calculated in the similar fashion to a volume profile).
Most of the code is directly from my "Volume/Market Profile" Indicator
I am not entirely sure of how to make use of the information displayed in this indicator or how useful it is.
However, I have added some things I figured would be useful to comprehend this information, such as:
- Read-out for highest average volume
- Read-out for current price average volume
- Read-out for current candle distributed volume (labeled as: "Vol")
- Floating line to visualize the current distributed volume in relation to the rest of the profile.
- Color changing labels for when the current distributed volume is higher than the current price avg volume.
Enjoy!
Stock float, avg volume, pre-market info and indexes atrp, trendNASDAQ:AAPL
This indicator shows the most usefull informations about the current symbol and the two common indexes (SPY and QQQ) in a table, in the upper right corner of the graph.
The informations are:
Symbol
Float
Daily average volume
Average True Range
Pre-market volume
Pre-market change %
Indexes
SPY ATRP
SPY trend (this value indicates how much the symbol is changing from the last X bars of Y minues. Higher values means a stronger trend)
QQQ ATRP
QQQ trend (same as SPY trend)
The indicator is highly customizable. Here are some of the settings:
Compact view
Text size
Every information is hidable
Most of the informations have customizable warning
Background color with thresholds
Period/lenght of the indicators
Relative Volume (rVol), Better Volume, Average Volume ComparisonThis is the best version of relative volume you can find a claim which is based on the logical soundness of its calculation.
I have amalgamated various volume analysis into one synergistic script. I wasn't going to opensource it. But, as one of the lucky few winners of TradingClue 2. I felt obligated to give something back to the community.
Relative volume traditionally compares current volume to prior bar volume or SMA of volume. This has drawbacks. The question of relative volume is "Volume relative to what?" In the traditional scripts you'll find it displays current volume relative to the last number of bars. But, is that the best way to compare volume. On a daily chart, possibly. On a daily chart this can work because your units of time are uniform. Each day represents a full cycle of volume. However, on an intraday chart? Not so much.
Example: If you have a lookback of 9 on an hourly chart in a 24 hour market, you are then comparing the average volume from Midnight - 9 AM to the 9 AM volume. What do you think you'll find? Well at 9:30 when NY exchanges open the volume should be consistently and predictably higher. But though rVol is high relative to the lookback period, its actually just average or maybe even below average compared to prior NY session opens. But prior NY session opens are not included in the lookback and thus ignored.
This problem is the most visibly noticed when looking at the volume on a CME futures chart or some equivalent. In a 24 hour market, such as crypto, there are website's like skew can show you the volume disparity from time of day. This led me to believe that the traditional rVol calculation was insufficient. A better way to calculate it would be to compare the 9:30 am 30m bar today to the last week's worth of 9:30 am 30m bars. Then I could know whether today's volume at 9:30 am today is high or low based on prior 9:30 am bars. This seems to be a superior method on an intraday basis and is clearly superior in markets with irregular volume
This led me to other problems, such as markets that are open for less than 24 hours and holiday hours on traditional market exchanges. How can I know that the script is accurately looking at the correct prior relevant bars. I've created and/or adapted solutions to all those problems and these calculations and code snippets thus have value that extend beyond this rVol script for other pinecoders.
The Script
This rVol script looks back at the bars of the same time period on the viewing timeframe. So, as we said, the last 9:30 bars. Averages those, then divides the: . The result is a percentage expressed as x.xxx. Thus 1.0 mean current volume is equal to average volume. Below 1.0 is below the average and above 1.0 is above the average.
This information can be viewed on its own. But there are more levels of analysis added to it.
Above the bars are signals that correlate to the "Better Volume Indicator" developed by, I believe, the folks at emini-watch and originally adapted to pinescript by LazyBear. The interpretation of these symbols are in a table on the right of the indicator.
The volume bars can also be colored. The color is defined by the relationship between the average of the rVol outputs and the current volume. The "Average rVol" so to speak. The color coding is also defined by a legend in the table on the right.
These can be researched by you to determine how to best interpret these signals. I originally got these ideas and solid details on how to use the analysis from a fellow out there, PlanTheTrade.
I hope you find some value in the code and in the information that the indicator presents. And I'd like to thank the TradingView team for producing the most innovative and user friendly charting package on the market.
(p.s. Better Volume is provides better information with a longer lookback value than the default imo)
Credit for certain code sections and ideas is due to:
LazyBear - Better Volume
Grimmolf (From GitHub) - Logic for Loop rVol
R4Rocket - The idea for my rVol 1 calculation
And I can't find the guy who had the idea for the multiples of volume to the average. Tag him if you know him
Final Note: I'd like to leave a couple of clues of my own for fellow seekers of trading infamy.
Indicators: indicators are like anemometers (The things that measure windspeed). People talk bad about them all the time because they're "lagging." Well, you can't tell what the windspeed is unless the wind is blowing. anemometers are lagging indicators of wind. But forecasters still rely on them. You would use an indicator, which I would define as a instrument of measure, to tell you the windspeed of the markets. Conversely, when people talk positively about indicators they say "This one is great and this one is terrible." This is like a farmer saying "Shovels are great, but rakes are horrible." There are certain tools that have certain functions and every good tool has a purpose for a specific job. So the next time someone shares their opinion with you about indicators. Just smile and nod, realizing one day they'll learn... hopefully before they go broke.
How to forecast: Prediction is accomplished by analyzing the behavior of instruments of measure to aggregate data (using your anemometer). The data is then assembled into a predictive model based on the measurements observed (a trading system). That predictive model is tested against reality for it's veracity (backtesting). If the model is predictive, you can optimize your decision making by creating parameter sets around the prediction that are synergistic with the implications of the prediction (risk, stop loss, target, scaling, pyramiding etc).
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Volume Average Cross - VAC ChartVolume Average Cross Chart Indicator
This indicator plots signals from two different volume averages when they cross on the chart.
It does not show the default volume bars, to see them please go to my VAC Default Indicator.
This is VAC Chart. If you want to see the crosses on your volume bars and not on the chart please go to my VAC Default Indicator.
Rules:
Fast Volume Period always has to be lower than the Slow Volume Period to trigger correct signals.
Inputs:
-> Fast Volume Average Period
-> Slow Volume Average Period
-> Option to enable/disable the cross-signals
