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Breadth Indicators

Average Yield InversionDescription: This script calculates and visualizes the average yield curve spread to identify whether the yield curve is inverted or normal. It takes into account short-term yields (1M, 3M, 6M, 2Y) and long-term yields (10Y, 30Y). Positive values: The curve is normal, indicating long-term yields are higher than short-term yields. This often reflects economic growth expectations. Negative values: The curve is inverted, meaning short-term yields are higher than long-term yields, a potential signal of economic slowdown or recession. Key Features: Calculates the average spread between long-term and short-term yields. Displays a clear graph with a zero-line reference for quick interpretation. Useful for tracking macroeconomic trends and potential market turning points. This tool is perfect for investors, analysts, and economists who need to monitor yield curve dynamics at a glance.
Pine Script™ indicator
by cryptoradz
Effective Volume (ADV) v3Effective Volume (ADV) v3: Enhanced Accumulation/Distribution Analysis Tool This indicator is an updated version of the original script by cI8DH, now upgraded to Pine Script v5 with added functionality, including the Volume Multiple feature. The tool is designed for analyzing Accumulation/Distribution (A/D) volume, referred to here as "Effective Volume," which represents the volume impact in alignment with price direction, providing insights into bullish or bearish trends through volume. Accumulation/Distribution Volume Analysis : The script calculates and visualizes Effective Volume (ADV), helping traders assess volume strength in relation to price action. By factoring in bullish or bearish alignment, Effective Volume highlights points where volume strongly supports price movements. Volume Multiple Feature for Volume Multiplication : The Volume Multiple setting (default value 2) allows you to set a multiplier to identify bars where Effective Volume exceeds the previous bar’s volume by a specified factor. This feature aids in pinpointing significant shifts in volume intensity, often associated with potential trend changes. Customizable Aggregation Types : Users can choose from three volume aggregation types: Simple - Standard SMA (Simple Moving Average) for averaging Effective Volume Smoothed - RMA (Recursive Moving Average) for a less volatile, smoother line Cumulative - Accumulated Effective Volume for ongoing trend analysis Volume Divisor : The “Divide Vol by” setting (default 1 million) scales down the Effective Volume value for easier readability. This allows Effective Volume data to be aligned with the scale of the price chart. Visualization Elements Effective Volume Columns : The Effective Volume bar plot changes color based on volume direction: Green Bars : Bullish Effective Volume (volume aligns with price movement upwards) Red Bars : Bearish Effective Volume (volume aligns with price movement downwards) Moving Average Lines : Volume Moving Average - A gray line representing the moving average of total volume. A/D Moving Average - A blue line showing the moving average of Accumulation/Distribution (A/D) Effective Volume. High ADV Indicator : A “^” symbol appears on bars where the Effective Volume meets or exceeds the Volume Multiple threshold, highlighting bars with significant volume increase. How to Use Analyze Accumulation/Distribution Trends : Use Effective Volume to observe if bullish or bearish volume aligns with price direction, offering insights into the strength and sustainability of trends. Identify Volume Multipliers with Volume Multiple : Adjust Volume Multiple to track when Effective Volume has notably increased, signaling potential shifts or strengthening trends. Adjust Volume Display : Use the volume divisor setting to scale Effective Volume for clarity, especially when viewing alongside price data on higher timeframes. With customizable parameters, this script provides a flexible, enhanced perspective on Effective Volume for traders analyzing volume-based trends and reversals.
Pine Script™ indicator
by luc_crypto
Jackson Volume breaker Indication# Jackson Volume Breaker Beta ### Advanced Volume Analysis Indicator ## Description The Jackson Volume Breaker Beta is a sophisticated volume analysis tool that helps traders identify buying and selling pressure by analyzing price action and volume distribution. This indicator separates and visualizes buying and selling volume based on where the price closes within each candle's range, providing clear insights into market participation and potential trend strength. ## Key Features 1. **Smart Volume Distribution** - Automatically separates buying and selling volume - Color-coded volume bars (Green for buying, Red for selling) - Winning volume always displayed on top for quick visual reference 2. **Real-time Volume Analysis** - Shows current candle's buy/sell ratio - Displays total volume with smart number formatting (K, M, B) - Percentage-based volume distribution 3. **Technical Overlays** - 20-period Volume Moving Average - Dynamic scaling relative to price action - Clean, uncluttered visual design ## How to Use ### Installation 1. Add the indicator to your chart 2. Adjust the Volume Scale input based on your preference (default: 0.08) 3. Toggle the Moving Average display if desired ### Reading the Indicator #### Volume Bars - **Green Bars**: Represent buying volume - **Red Bars**: Represent selling volume - **Stacking**: The larger volume (winning side) is always displayed on top - **Height**: Relative to the actual volume, scaled for chart visibility #### Information Table The top-right table shows three key pieces of information: 1. **Left Percentage**: Winning side's volume percentage 2. **Middle Percentage**: Losing side's volume percentage 3. **Right Number**: Total volume (abbreviated) ### Trading Applications 1. **Trend Confirmation** - Strong buying volume in uptrends confirms bullish pressure - High selling volume in downtrends confirms bearish pressure - Volume divergence from price can signal potential reversals 2. **Support/Resistance Breaks** - High volume on breakouts suggests stronger moves - Low volume on breaks might indicate false breakouts - Monitor volume distribution for break direction confirmation 3. **Reversal Identification** - Volume shift from selling to buying can signal potential bottoms - Shift from buying to selling can indicate potential tops - Use with price action for better entry/exit points ## Input Parameters 1. **Volume Scale (0.01 to 1.0)** - Controls the height of volume bars - Default: 0.08 - Adjust based on your chart size and preference 2. **Show MA (True/False)** - Toggles 20-period volume moving average - Useful for identifying volume trends - Default: True 3. **MA Length (1+)** - Changes the moving average period - Default: 20 - Higher values for longer-term volume trends ## Best Practices 1. **Multiple Timeframe Analysis** - Compare volume patterns across different timeframes - Look for volume convergence/divergence - Use higher timeframes for major trend confirmation 2. **Combine with Other Indicators** - Price action patterns - Support/resistance levels - Momentum indicators - Trend indicators 3. **Volume Pattern Recognition** - Monitor for unusual volume spikes - Watch for volume climax patterns - Identify volume dry-ups ## Tips for Optimization 1. Adjust the Volume Scale based on your chart size 2. Use smaller timeframes for detailed volume analysis 3. Compare current volume bars to historical patterns 4. Watch for volume/price divergences 5. Monitor volume distribution changes near key price levels ## Note This indicator works best when combined with proper price action analysis and risk management strategies. It should not be used as a standalone trading system but rather as part of a comprehensive trading approach. ## Version History - Beta Release: Initial public version - Features buy/sell volume separation, moving average, and real-time analysis - Optimized for both intraday and swing trading timeframes ## Credits Developed by Jackson based on other script creators Special thanks to the trading community for feedback and suggestions
Pine Script™ indicator
by jacksonjose4
Volume/Price Divergence v2The "Volume/Price Divergence v2" indicator is designed to analyze the relationship between volume and price movements in a financial market. It helps traders identify potential divergences that may indicate a change in market trends. Here’s a breakdown of how it works: ### Key Components 1. **Volume Calculation**: - **Buying Volume**: This is calculated based on the relationship between the closing price and the high/low range. If the closing price is closer to the low, more volume is attributed to buying. - **Selling Volume**: Conversely, if the closing price is closer to the high, more volume is considered selling. The formulas used are: ```pinescript buyVolume = high == low ? 0 : volume * (close - low) / (high - low) sellVolume = high == low ? 0 : volume * (high - close) / (high - low) ``` 2. **Plotting Volume**: - The total volume is plotted in red and buying volume is plotted in teal. This helps visualize the volume distribution during different price movements. 3. **Rate of Change (ROC)**: - The indicator calculates the rate of change for both volume and price over a specified period. This allows traders to see how volume and price are changing relative to each other. ```pinescript roc = source / source roc2 = source2 / source2 ``` 4. **Volume/Price Divergence (VPD)**: - The VPD is derived from the ratio of the ROC of volume to the ROC of price. This ratio helps identify divergences: - A VPD significantly above 10 may indicate strong divergence, suggesting that price movements are not supported by volume. - A VPD around 1 indicates that volume and price are moving in harmony. 5. **Horizontal Lines**: - The indicator includes horizontal lines at levels 10 (high divergence) and 1 (low divergence), serving as visual cues for traders to assess the market's state. ### Interpretation - **Divergence**: If price makes a new high but volume does not follow (or vice versa), it may signal a potential reversal or weakness in the trend. - **Volume Trends**: Analyzing the buying vs. selling volume can provide insights into market sentiment, helping traders make informed decisions. - **Potential for a Strong Move**: A high VPD during a breakout indicates that while volume is increasing, the price isn’t moving significantly, suggesting that a big price move could be imminent. - **Caution Before Entry**: Traders should be aware that the lack of price movement relative to high volume may signal an impending volatility spike, which could lead to a rapid price change in either direction. Overall, this indicator is useful for traders looking to gauge the strength of price movements and identify potential reversals or breakouts based on volume trends.
Pine Script™ indicator
by GOAT101
Multi TimeFrame VolumeThis script, "Multi TimeFrame Volume," is a TradingView Pine Script indicator that displays volume data across five user-selected timeframes in a table. Each volume is formatted in thousands (K) or millions (M) and color-coded based on the percentage change from the previous value (green for increase, red for decrease, gray if unchanged). The table's position and header colors can be customized. This helps traders quickly see volume trends at different intervals on a single chart
Pine Script™ indicator
by Kadir-EMRE
Heikin Line - TB365Heikin Line - An Enhanced Smoothed Heiken Ashi Overlay Built on the foundation of TheBacktestGuy’s Smoothed Heiken Ashi indicator, Heikin Line takes trend analysis to the next level with versatile enhancements and adaptable settings. This indicator offers selectable moving averages both before and after Heiken Ashi (HA) calculation, adding an additional layer of smoothness to traditional HA candles. Key Features: Trend Identification: Detects short and long-term trend directions with greater clarity. Dynamic Support and Resistance: Not limited to a single line, Heikin Line creates a dynamic support/resistance zone, offering a visual “height” that adjusts with market shifts. Trailing Stop: Effective as a trailing stop for enhanced risk management. Trend Reversal Detection: Quickly identifies potential reversals when price crosses above or below the Heiken Ashi candle. Improvements: Trend Strength Visualization: Uses a cord-like appearance to reflect trend strength, making it easier to spot strong or weak trends. Quick Reversal Detection: Enhanced responsiveness to detect rapid market reversals. Easy Integration: Seamlessly combines with other indicators for a comprehensive trading setup. With numerous moving average options, Heikin Line is adjustable to suit various market conditions and trading styles. Additionally, it leverages my TAExt library, so you can use it within your own strategies for added versatility.
Pine Script™ indicator
by tradebot_365
SimpleChart Indicator V1copyThe SimpleChart Indicator V1 is a technical analysis tool designed to facilitate trading decisions by providing clear buy and sell signals based on the relationship between the price and a Simple Moving Average (SMA). This indicator is especially useful for traders who prefer a straightforward, rule-based approach to market analysis. Key Features: Simple Moving Average (SMA): The core of the indicator is the SMA, which smooths price data over a specified period (default is 14 periods). This helps to identify the overall trend direction by filtering out short-term fluctuations. Buy Signal: A buy signal is generated when the price crosses above the SMA. This indicates a potential upward trend, suggesting that it may be a good time to enter a long position. Sell Signal: Conversely, a sell signal is triggered when the price crosses below the SMA. This suggests a potential downward trend, indicating that it may be time to exit a long position or consider a short position. Visual Representation: The indicator provides clear visual cues on the chart: Buy signals are marked with green labels below the bars. Sell signals are marked with red labels above the bars. The SMA line is plotted in blue, making it easy to identify the trend. Benefits of Using SimpleChart Indicator V1: User-Friendly: The indicator is easy to understand and implement, making it suitable for both novice and experienced traders. Clarity in Decision Making: By providing distinct signals, the indicator helps traders make quick decisions based on the market's behavior concerning the moving average. Trend Following: The SimpleChart Indicator V1 is particularly effective in trending markets, allowing traders to capture significant price movements. Use Cases: Day Trading: Traders can use the indicator for short-term trades by reacting quickly to buy and sell signals. Swing Trading: The SMA helps identify trends over a longer period, making it suitable for swing traders looking to capitalize on price movements. In summary, the SimpleChart Indicator V1 is a valuable tool for traders seeking a straightforward and effective way to analyze market trends and make informed trading decisions.
Pine Script™ indicator
by Rixhy45
Confluence StrategyOverview of Confluence Strategy The Confluence Strategy in trading refers to the combination of multiple technical indicators, support/resistance levels, and chart patterns to identify high-probability trading opportunities. The idea is that when several indicators agree on a price movement, the likelihood of that movement being successful increases. Key Components Technical Indicators: Moving Averages (MA): Commonly used to determine the trend direction. Look for crossovers (e.g., the 50-day MA crossing above the 200-day MA). Relative Strength Index (RSI): Helps identify overbought or oversold conditions. A reading above 70 may indicate overbought conditions, while below 30 suggests oversold. MACD (Moving Average Convergence Divergence): Useful for spotting changes in momentum. Look for MACD crossovers and divergence from price. Support and Resistance Levels: Identify key levels where price has historically reversed. These can be drawn from previous highs/lows, Fibonacci retracement levels, or psychological price levels. Chart Patterns: Patterns like head and shoulders, double tops/bottoms, or flags can indicate potential reversals or continuations in price. Strategy Implementation Set Up Your Chart: Add the desired indicators (e.g., MA, RSI, MACD) to your TradingView chart. Mark significant support and resistance levels. Identify Confluence Points: Look for situations where multiple indicators align. For instance, if the price is near a support level, the RSI is below 30, and the MACD shows bullish divergence, this may signal a buying opportunity. Entry and Exit Points: Entry: Place a trade when your confluence conditions are met. Use limit orders for better prices. Exit: Set profit targets based on resistance levels or use trailing stops. Consider the risk-reward ratio to ensure your trades are favorable. Risk Management: Always implement stop-loss orders to protect against unexpected market moves. Position size should reflect your risk tolerance. Example of a Confluence Trade Setup: Price approaches a strong support level. RSI shows oversold conditions (below 30). The 50-day MA is about to cross above the 200-day MA (bullish crossover). Action: Enter a long position as the conditions align. Set a stop loss just below the support level and a take profit at the next resistance level. Conclusion The Confluence Strategy can significantly enhance trading accuracy by ensuring that multiple indicators support a trade decision. Traders on TradingView can customize their indicators and charts to fit their personal trading styles, making it a flexible approach to technical analysis.
Pine Script™ indicator
by SANDEEPMG1985
OBV based on MADescription: This indicator calculates On-Balance Volume (OBV) based on the direction of a Simple Moving Average (SMA). Instead of using price movements, this OBV adds or subtracts volume depending on whether the SMA is rising or falling. SMA-based OBV: When the SMA rises, the volume is added to the OBV. When the SMA falls, the volume is subtracted from the OBV. This allows traders to observe cumulative volume in relation to the wave patterns created by the SMA. SMA Period: The period of the SMA can be customized, allowing traders to adjust it according to the wave size they want to observe. While the cumulative volume indicator already exists, traders who analyze volume patterns can use this indicator to more easily conduct volume analysis across different wave sizes. Inputs: SMA Period: Defines the lookback period for calculating the Simple Moving Average (default is 25). Ideal for: Traders who want to analyze volume flow relative to moving average trends, rather than price movements. This can help identify underlying strength or weakness in market trends. 説明: このインジケーターは、単純移動平均（SMA）の方向に基づいてオンバランス・ボリューム（OBV）を計算します。価格の動きではなく、SMAが上昇しているときは出来高を加算し、SMAが下降しているときは出来高を減算します。 SMA基準のOBV: SMAが上昇している場合はOBVに出来高が加算され、SMAが下降している場合は出来高が減算されます。これにより、SMAが作る波形に即した累積出来高を観察することができます。 SMA期間: トレーダーが見たい波のサイズ感に応じて、SMAの期間をカスタマイズできます。 既に累積出来高（Cumulative Volume）というインジケーターは存在しますが、波形を基に出来高を分析しているトレーダーは、このインジケーターを使うことで、様々なサイズの波形に即した出来高分析をより簡単に行うことができます。 入力項目: SMA期間: 単純移動平均の計算に使用される期間を定義します（デフォルトは25）。 適しているトレーダー: より波形に即した累積出来高分析を重視するトレーダーに最適です。
Pine Script™ indicator
by miyabi_fx
Daily Volume Metrics BoxDaily Volume Metrics Box A powerful tool for monitoring intraday trading metrics in real-time. This indicator provides a clean, customizable display of key market statistics that reset daily. 🔑 Key Features: - Daily Volume Distribution - Track positive and negative volume separately - Net Volume Analysis - Monitor the balance of buying vs selling volume - Average Candle Size - Dynamic calculation of recent price movement magnitude - Flexible Positioning - Place the metrics box in any corner of your chart - Auto-Reset - All metrics automatically reset at the start of each trading day - Current Date Display - Always know which day's data you're viewing 📊 Metrics Explained: 1. Avg Size: Average candle size over your specified lookback period 2. Pos Vol: Accumulated volume from up-moves during the current day 3. Neg Vol: Accumulated volume from down-moves during the current day 4. Net Vol: The difference between positive and negative volume (Pos Vol - Neg Vol) ⚙️ Customization Options: - Number of candles for average (1-∞) - Background color and transparency - Text color - Box position (Top/Bottom, Left/Right) - Distance from chart edge (1-5 bars) 📌 Usage Tips: - Use larger lookback periods for more stable average candle size - Position the box where it won't interfere with your chart analysis - Monitor net volume for potential trend strength confirmation - Compare positive and negative volume for insight into price momentum 🔄 Daily Reset: All volume metrics reset at the start of each trading day, ensuring you're always looking at current day data only. Perfect for day traders, swing traders, and anyone who wants to monitor intraday market dynamics with clean, organized metrics. Note: This indicator works best on intraday timeframes where volume data is available.
Pine Script™ indicator
by Stock_Cloud
OBV based on Heikin-AshiDescription This indicator calculates the On-Balance Volume (OBV) based on Heikin-Ashi candles rather than regular candlesticks. OBV based on Heikin-Ashi: The OBV is calculated based on Heikin-Ashi candle trends. Volume is added when the Heikin-Ashi close is above the open (bullish) and subtracted when the close is below the open (bearish). Volume Analysis: This approach helps traders identify significant volume shifts in a smoother trend environment, reducing market noise that often accompanies traditional candlestick charts. 説明 このインジケーターは、通常のローソク足ではなく、平均足（Heikin-Ashi）を基にオンバランス・ボリューム（OBV）を計算します。 平均足に基づくOBV: OBVは、平均足のトレンドに基づいて計算されます。平均足の終値が始値を上回った場合（陽線）は出来高が加算され、終値が始値を下回った場合（陰線）は出来高が減算されます。 出来高分析: この手法により、通常のローソク足チャートで発生するノイズを軽減し、滑らかなトレンド環境で重要な出来高の変化を把握できます。
Pine Script™ indicator
by miyabi_fx
Advanced Supply and Demand Indicator# Advanced Supply and Demand Indicator This Pine Script™ indicator helps traders identify potential supply and demand zones in financial markets. It uses price action, volume, and historical data to plot these zones on your chart, providing valuable insights for trading decisions. ## Key Features: - Automatically detects and plots supply and demand zones - Customizable lookback period for zone identification - Adjustable strength multiplier for more precise zone detection - User-defined opacity for visual clarity - Combines price action and volume analysis for improved accuracy ## How It Works: 1. Identifies significant price levels using a specified lookback period 2. Analyzes volume data to confirm potential supply and demand zones 3. Plots supply zones in red and demand zones in green 4. Displays the current price for easy reference ## Customization Options: - Lookback Period: Adjust the historical data range (1-100 bars) - Zone Strength Multiplier: Fine-tune the sensitivity of zone detection (1.0-3.0) - Zone Opacity: Set the transparency of plotted zones (10-100%) This indicator is designed to help traders identify potential areas of support and resistance, allowing for more informed entry and exit decisions in their trading strategies.
Pine Script™ indicator
by CR-JE
Liquidity Analysis with Volume, ATR, and Chaikin Oscillator Script Name: Liquidity Analysis with Volume, ATR, and Chaikin Oscillator Description: This script analyzes market liquidity using three key indicators: Volume, ATR (Average True Range), and the Chaikin Oscillator. Based on the combination of these indicators, the script identifies three market conditions and visually highlights them with background colors: High Liquidity Uptrend (Green Background): Occurs when volume is high, ATR is above the threshold, and the Chaikin Oscillator is positive. This indicates strong liquidity with an upward trend in the market. Alert: "High Liquidity Uptrend detected." High Liquidity Downtrend (Red Background): Occurs when volume is high, ATR is above the threshold, and the Chaikin Oscillator is negative. This signals strong liquidity but with a downward market trend. Alert: "High Liquidity Downtrend detected." Low Liquidity Stagnant Market (Yellow Background): Occurs when volume is low, and ATR is below the threshold. This suggests a market with low liquidity and minimal price movement, indicating a range or stagnant phase. Alert: "Low Liquidity Stagnant market detected." Input Settings Panel: Volume Threshold: This value sets the minimum volume required to determine high liquidity. If the volume is above this value, it is considered "high volume." ATR Length: Defines the number of periods used to calculate ATR. The higher the value, the more smoothed the ATR calculation. ATR Threshold: This sets the minimum ATR value required to signal a market with significant volatility. If ATR is above this value, the market is considered to have high volatility. These settings allow you to fine-tune the script based on the characteristics of the asset being analyzed. スクリプト名: 出来高、ATR、チャイキンオシレーターを用いた流動性分析 説明: このスクリプトは、出来高、ATR（平均真値幅）、およびチャイキンオシレーターという3つの主要な指標を用いて市場の流動性を分析します。これらの指標の組み合わせに基づいて、3つの市場状況を特定し、背景色で視覚的にハイライトします。 流動性が高い上昇相場（背景色：緑）: 出来高が高く、ATRがしきい値を超え、チャイキンオシレーターがプラスの場合に発生します。これは、強い流動性と市場の上昇トレンドを示します。 アラート: 「高流動性の上昇トレンドが検出されました。」 流動性が高い下降相場（背景色：赤）: 出来高が高く、ATRがしきい値を超え、チャイキンオシレーターがマイナスの場合に発生します。これは、強い流動性を伴う下降トレンドを示します。 アラート: 「高流動性の下降トレンドが検出されました。」 流動性が低い停滞相場（背景色：黄色）: 出来高が低く、ATRがしきい値以下の場合に発生します。これは流動性が低く、価格変動が少ない、レンジまたは停滞フェーズを示しています。 アラート: 「低流動性の停滞相場が検出されました。」 設定パネルの入力項目: 出来高のしきい値: 高流動性を判定するために必要な最小の出来高を設定します。この値を超える場合、「高出来高」と見なされます。 ATRの期間: ATRを計算する際に使用される期間数を定義します。値が大きいほど、ATRの計算が滑らかになります。 ATRのしきい値: しきい値を超えた場合に市場に大きなボラティリティがあると判断します。この値を上回るATRであれば、ボラティリティが高いと見なされます。 これらの設定により、分析対象の資産の特性に応じてスクリプトを調整できます。
Pine Script™ indicator
by snugfit_work
1
NYSE UVOL RatioThis Pine Script is designed to monitor and display the ratio of advancing volume (UVOL) to declining volume (DVOL) on the NYSE in real-time on your TradingView charts. Here's a breakdown of what each part of the script does: Indicator Declaration: The script starts by declaring an indicator called "NYSE UVOL" with the option to overlay it directly on the price chart. This allows you to see the volume ratio in context with price movements. Volume Data Fetching: Advancing Volume (UVOL): It retrieves the closing value of the advancing volume from the NYSE. Declining Volume (DVOL): It fetches the closing value of the declining volume. Ratio Calculation: The script calculates the ratio of advancing to declining volume. To avoid division by zero, it checks if the declining volume is not zero before performing the division. Color Coding: The script assigns a color to the ratio value based on set thresholds: Red for a ratio less than 1 (more declining than advancing volume). White for ratios between 1 and 2. Lime for ratios between 2 and 3. Green for ratios above 3. Display Table: A table is created in the top-right corner of the chart to display the current ratio value. It updates this table with the latest ratio value at each new bar, displaying the ratio with appropriate color coding for quick reference. This script provides a visual and numerical representation of market sentiment based on volume data, aiding traders in assessing the balance between buying and selling pressure.
Pine Script™ indicator
by PrestigeWorldwideTradingCo
Market Trades PinescriptlabsThis algorithm is designed to emulate the true order book of exchanges by showing the quantity of transactions of an asset in real-time, while identifying patterns of high activity and volatility in the market through the analysis of volume and price movements. 📈 Below, I explain how to understand and use the information provided by the chart, along with the trades table: Identification of High Activity Zones 🚀 The algorithm calculates the average volume and the rate of price change to detect areas with spikes in activity. This is visualized on the chart with labels "Volatility Spike Buy" and "Volatility Spike Sell": Volatility Spike Buy: Indicates an unusual increase in volatility in the buying market, suggesting a potential surge in buying interest. 🟢 Volatility Spike Sell: Signals an increase in volatility in the selling market, which may indicate selling pressure or a sudden massive sell-off. 🔴 Market Trades Table 📋 The table provides a detailed view of the latest trades: Price: Displays the price at which each trade was executed. 💵 Quantity (Traded): Indicates the amount of the asset traded. 💰 Type of Trade (Buy/Sell): Differentiates between buy (Buy) and sell (Sell) operations based on volume and strength. 🔄 Date and Time: Refers to the start of the calculated trading candle. ⏰ Recency: Identifies the most recent trade to facilitate tracking of current activity. 🔍 Analysis of Trade Imbalance ⚖️ The imbalance between buys and sells is calculated based on the volume of both. This indicator helps to understand whether the market has a tendency toward buying or selling, showing if there is greater strength on one side of the market. A positive imbalance suggests more buying pressure. 📊 A negative imbalance indicates greater selling pressure. 📉 Volume Presentation Visualizes the volume of buying and selling in the market, allowing the identification of buying or selling strength through the size of the volume candle. 🔍 Español : "Este algoritmo está diseñado para emular el verdadero libro de órdenes de los intercambios al mostrar la cantidad de transacciones de un activo en tiempo real, mientras identifica patrones de alta actividad y volatilidad en el mercado a través del análisis de volumen y movimientos de precios. 📈 A continuación, explico cómo entender y usar la información proporcionada por el gráfico, junto con la tabla de operaciones:" Identificación de Zonas de Alta Actividad 🚀 El algoritmo calcula el volumen promedio y la velocidad de cambio de precio para detectar zonas con picos de actividad. Esto se visualiza en el gráfico con etiquetas de "Volatility Spike Buy" y "Volatility Spike Sell": Volatility Spike Buy: Indica un incremento inusual de volatilidad en el mercado de compra, sugiriendo un posible interés de compra elevado. 🟢 Volatility Spike Sell: Señala un incremento de volatilidad en el mercado de venta, lo cual puede indicar presión de venta o una venta masiva repentina. 🔴 Tabla de Operaciones en el Mercado (Market Trades) 📋 La tabla proporciona una vista detallada de las últimas operaciones: Precio: Muestra el precio al cual se realizó cada operación. 💵 Cantidad (Transaccionada): Indica la cantidad del activo transaccionada. 💰 Tipo de operación (Buy/Sell): Diferencia entre operaciones de compra (Buy) y de venta (Sell), dependiendo del volumen y fuerza. 🔄 Fecha y Hora: Refleja el inicio de la vela de negociación calculada. ⏰ Recency: Identifica la operación más reciente para facilitar el seguimiento de la actividad actual. 🔍 Análisis de Desequilibrio de Operaciones (Imbalance) ⚖️ El desequilibrio entre compras y ventas se calcula con base en el volumen de ambas. Este indicador ayuda a entender si el mercado tiene una tendencia hacia la compra o venta, mostrando si hay una mayor fuerza en uno de los lados del mercado. Un desequilibrio positivo sugiere más presión de compra. 📊 Un desequilibrio negativo indica mayor presión de venta. 📉 Presentación en Volumen Visualiza el volumen de compra y venta en el mercado, permitiendo identificar mediante el tamaño de la vela de volumen la fuerza, ya sea compradora o vendedora. 🔍
Pine Script™ indicator
by PINE_LABS
2