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Volume Pressure Analysis - Live DataVolume Pressure Gauge and Volume Percentage Indicator – Pine Script Guide This indicator provides a simplified, real-time visualization of both volume pressure (buy vs. sell activity) and today’s trading volume in comparison to historical averages. It is designed to help traders assess whether buyers or sellers dominate the current session and whether today’s volume is significant relative to recent behaviour. ________________________________________ Key Functional Segments 1. Inputs and Configuration Users can configure the length of the Simple Moving Average (SMA) used to calculate average volume, set the position of the gauge table on the chart, and toggle the visibility of the volume pressure display. This allows flexibility in integrating the tool with various trading styles and chart layouts. 2. Volume Data Calculations The indicator calculates three key volume metrics: • volToday: The current day’s volume. • volAvg: The average volume over the user-defined SMA period (default is 20 bars). • volPct: The current volume as a percentage of the average. This enables traders to quickly recognize whether current trading activity is above or below normal, which can be a precursor to potential trend strength or weakness. 3. Volume Pressure Calculation The script estimates buying and selling pressure based on price movement and volume. It distributes volume into upward (buy) and downward (sell) segments and expresses them as percentages of the total volume. This gives an immediate sense of whether bulls or bears are more active in the current session. 4. Visual Representation (Progress Bars) The indicator renders a simplified visual gauge using horizontal bar segments (pseudo-bars) to reflect the proportion of buy and sell pressure. The length of each bar correlates with the strength of pressure from buyers or sellers, helping users assess dominance without analyzing candlestick behavior in depth. 5. Table Display A compact table is drawn on the chart showing: • Buy pressure percentage and corresponding bar. • Sell pressure percentage and corresponding bar. • Volume percentage compared to the recent average. This format makes it easy to evaluate volume dynamics at a glance, without cluttering the price chart or relying on separate overlays. ________________________________________ How Traders Benefit from This Indicator • Momentum Shift Detection: Early signs of trend reversal can be observed when volume pressure flips direction. • Breakout Validation: High volume combined with dominant pressure supports the credibility of breakout moves. • False Move Avoidance: If price moves on low volume or mixed pressure, traders can avoid low-probability entries. • Market Context Awareness: Users can assess whether a day is behaving normally in terms of participation or is unusually quiet or aggressive. ________________________________________ Basic Usage Guide 1. Add the script to your TradingView chart and set your preferred SMA length for volume comparison. 2. Customize the table’s position using the X and Y settings for clarity and alignment. 3. Interpret the outputs: o A higher red bar indicates dominant sell pressure. o A higher green bar indicates dominant buy pressure. o Volume % above 100% suggests above-average activity, while values below 100% may imply low conviction. 4. Apply to trading decisions: o High buy pressure and high volume may indicate a strong long opportunity. o High sell pressure and high volume may support short setups. o Low volume or conflicting signals may call for caution. 5. Combine with other tools such as trend indicators, support/resistance zones, or price action patterns for more reliable trade setups. ________________________________________ Practical Example • Sell Pressure: 70% → Suggests strong seller control; potential for short setups. • Buy Pressure: 30% → Weak buying interest; long trades may carry risk. • Volume Percentage: 120% → Indicates a surge in participation; movement may have greater validity. ________________________________________ Tips for New Traders • Use this indicator as a confirmation tool rather than a standalone strategy. • Begin on higher timeframes (4-hour or daily) to develop familiarity. • Compare multiple examples to identify reliable patterns over time. • Always incorporate proper risk management, including stop losses. ________________________________________ Disclaimer from aiTrendview This indicator is intended solely for educational and informational use. It does not constitute investment advice, trade signals, or financial recommendations. aiTrendview and its affiliates are not liable for any trading losses incurred through use of this tool. All trading involves risk. Past performance of any indicator does not guarantee future results. Users should conduct independent research and consult with a certified financial advisor before making any trading decisions.
Pine Script® indicator
by aiTrendview-Charting-System
Professional Technical Analysis DashboardProfessional Technical Analysis Dashboard – Complete Guide This script is an advanced technical analysis dashboard built in Pine Script v5. It integrates 16 widely used technical indicators into a single, structured display designed for traders who need a consolidated view of market sentiment. The dashboard is divided into three key sections – Summary, Oscillators, and Moving Averages – enabling users to assess momentum, trends, and overall market bias in real-time. ________________________________________ Technical Foundation and Methodology Summary Section – Combined Market Signal The Summary section aggregates all 16 indicators (8 oscillators and 8 moving averages) to generate a combined score that reflects market sentiment. Each indicator contributes equally to the score. The combined signal ranges from -16 (strong sell) to +16 (strong buy), with thresholds defining zones such as Strong Buy, Buy, Neutral, Sell, and Strong Sell. This approach allows traders to quickly interpret overall market conditions without analyzing each indicator individually. Oscillators Section – Momentum Analysis This section tracks short-term momentum and overbought/oversold conditions using eight oscillators: RSI, Stochastic Oscillator, CCI, Williams %R, MACD, Momentum, Rate of Change (ROC), and Bollinger Bands. Each oscillator follows its conventional logic (e.g., RSI > 70 indicating overbought conditions) and is displayed alongside a visual indicator for quick assessment. This section is particularly effective for identifying potential reversals or timing short-term trades in range-bound markets. Moving Averages Section – Trend Analysis The trend analysis section uses five Simple Moving Averages (SMA 10, 20, 50, 100, 200) and three Exponential Moving Averages (EMA 10, 20, 50) to assess trend direction and strength across multiple timeframes. Price is compared to each moving average to determine a bullish, neutral, or bearish signal. For example, a price well above the 200-day SMA indicates a strong long-term uptrend. ________________________________________ How to Use the Dashboard Setup: 1. Paste the script into TradingView’s Pine Editor. 2. Add it to your chart. 3. Choose a timeframe suited to your strategy (e.g., 5–15 minutes for scalping, 1 hour for day trading, daily for long-term analysis). 4. Configure visual preferences such as table size and color scheme from the settings menu. Signal Interpretation: • A "Strong Buy" in the Summary combined with bullish Oscillators and Moving Averages suggests a high-probability long setup. • Conflicting signals (e.g., bullish Summary but bearish Oscillators) may warrant waiting for alignment before taking a position. • Position sizing can be adjusted based on the intensity of the combined signals. Trading Strategies: • Confirmation Trading: Enter trades only when all three sections align in the same direction. • Scalping: Use oscillators for overbought/oversold setups, combined with short-term moving averages for trend confirmation. • Trend Following: Use the Moving Averages section to identify sustained directional bias and follow pullbacks signaled by oscillators. ________________________________________ Risk Management Guidelines The dashboard is not a trading system but an analytical tool. Users can enhance their risk management by: • Allocating capital based on signal strength (e.g., stronger signals justify slightly larger positions). • Using stop losses tied to volatility or moving averages. • Reducing position size during conflicting signals or low-confidence readings. • Avoiding trades when signals are below 50% strength or in mixed zones. ________________________________________ Best Practices and Common Pitfalls • Always wait for confirmation across sections before entering trades. • Avoid over-leveraging based on a single signal. • Use appropriate timeframes – intraday traders should rely on shorter timeframes, while swing traders may focus on hourly or daily charts. • Keep a trading journal to monitor the effectiveness of signals and refine strategies over time. ________________________________________ Disclaimer from aiTrendview This script is intended solely for educational and informational purposes. It does not provide investment advice, trading signals, or guaranteed outcomes. aiTrendview and its affiliates are not liable for any financial losses incurred while using this script. All trading involves risk, and past performance of any technical indicator does not guarantee future results. Users are strongly advised to conduct independent research or consult with a licensed financial advisor before making any trading decisions.
Pine Script® indicator
by aiTrendview-Charting-System
3-1-3 PatternThis Pine Script indicator analyzes and visualizes a specific candlestick pattern called the "3-1-3 Pattern" across multiple timeframes. Here's what it does: Core Functionality Pattern Detection: The script looks for a 7-bar candlestick pattern: Bearish 3-1-3: 3 red candles + 1 green candle + 3 red candles Bullish 3-1-3: 3 green candles + 1 red candle + 3 green candles Visual Output When a 3-1-3 pattern is detected, the script: Creates a colored box around the middle bar (bar 3) of the pattern Adds a small label showing the pattern type ("Bear 1H" or "Bull 4H", etc.) Extends the box forward until the price breaks above the pattern's high or below its low Pattern Management The script actively manages the patterns by: Tracking active patterns for each timeframe separately Removing expired patterns when price breaks the pattern's high/low levels Extending boxes to the current time to keep them visible Practical Use This indicator helps traders: Spot reversal patterns across multiple timeframes simultaneously See confluence when patterns align on different timeframes Track pattern validity (boxes disappear when invalidated by price action) Essentially, it's a multi-timeframe pattern recognition tool that automatically identifies and tracks these specific 7-bar reversal patterns on your chart.
Pine Script® indicator
by pleiva1997
Day Trading Strategy (With Risk Management)This is a day trading strategy based on fast and slow EMA crossovers combined with RSI filtering to enhance trade accuracy. Designed for intraday use, it generates buy signals when the fast EMA crosses above the slow EMA and sell signals when it crosses below, but only if the RSI confirms momentum is favorable to avoid false entries in choppy markets. The strategy includes built-in risk management with configurable stop-loss and take-profit levels set at 1% by default, helping to limit losses and secure profits quickly within the trading day. Clear buy and sell signals are plotted on the chart, and alerts notify traders in real time when trading opportunities arise. Ideal for short-term traders, this system provides a disciplined, mechanical approach to capturing intraday trends with momentum confirmation and essential risk controls. It is fully customizable to fit different day trading instruments, timeframes, and risk appetites.
Pine Script® strategy
by mnwrahmad
Benford's Law Actual [Tagstrading]Benford’s Law Chart — First Digit Analysis of Percentage Price Drops This script visualizes the distribution of the leading digit in the percentage change of price drops, and compares it to the theoretical distribution expected by Benford’s Law. It helps traders, analysts, and quants to detect anomalies, unnatural behavior, or price manipulation in any asset or timeframe. How to Use Add to any chart or symbol (stocks, crypto, FX, etc.) and select the timeframe you wish to analyze. Set the “Number of Bars to Analyze” input (default: 500) to control the length of the historical window. The chart will display, for the latest window: A blue line: the actual leading-digit distribution for percentage price changes between bars. A red line: the expected distribution per Benford’s Law. Labels below and above: digit markers and the expected (theoretical) percentages. Summary panel on the right: frequency counts and actual vs. theoretical % for each digit. Interpretation: If your actual (blue) curve or digit counts are significantly different from the red Benford’s Law curve, it could indicate unnatural price action, fraud, bot activity, or structural anomalies. Why is this useful for TradingView? Financial forensics: Benford’s Law is a classic tool for detecting data manipulation and fraud in accounting. On charts, it can reveal if price movements are statistically “natural.” Transparency and confidence: Helps communities audit markets, brokers, or exchanges for irregularities. Adaptable: Works on any market, any timeframe. What makes this script unique? Focuses on % price changes, not raw prices. This provides a fair comparison across assets, symbols, and timeframes. Measures only the direction and magnitude of drops/rises — more suitable for detecting manipulation in active markets. Clear and customizable visualization: The Benford line, actual data, and summary are all visible and readable in one glance. Optimized for speed and clarity (runs efficiently on all major charts). How is it different from stg44’s Benford’s Law script? This script analyzes the leading digit of percentage price changes (i.e., how much the price drops or rises in %), while the original by stg44 analyzes the leading digit of price itself. Results are less sensitive to price scale and more comparable across volatile and non-volatile assets. The summary panel clearly shows ( ) for actual and for Benford theoretical values. Full code is commented and open for the community. Credits and Inspiration This script was inspired by “Benford’s Law” by stg44: Thanks to the TradingView community for sharing powerful visual ideas. — By tags trading
Pine Script® indicator
by TagsTrading
SwingSignal RSI Overlay AdvancedSwingSignal RSI Overlay Advanced By BFAS This advanced indicator leverages the Relative Strength Index (RSI) to pinpoint critical market reversal points by highlighting key swing levels with intuitive visual markers. Key Features: Detects overbought and oversold levels with customizable RSI period and threshold settings. Visually marks swing points: Red star (HH) for Higher Highs. Yellow star (LH) for Lower Highs. Blue star (HL) for Higher Lows. Green star (LL) for Lower Lows. Connects swings with lines, aiding in the analysis of market structure. Optimized for use on the main chart (overlay), tracking candles in real time. This indicator provides robust visual support for traders aiming to identify price patterns related to RSI momentum, facilitating entry and exit decisions based on clear swing signals.
Pine Script® indicator
by BFAS76
caracalla ema long short signal📌 Indicator Name caracalla ema long short signal This script generates long and short trading signals using multiple technical indicators: EMAs, MACD, RSI, Stochastic, and volume. 🔧 Indicators Used 1. Exponential Moving Averages (EMA) ema5, ema20, ema60, ema120 — used to determine overall trend direction. 2. Trend Confirmation (MA Alignment) Bullish alignment: ema5 > ema20 > ema60 > ema120 Bearish alignment: ema5 < ema20 < ema60 < ema120 3. Crossover Signals Golden Cross: ema5 crosses above ema20 Dead Cross: ema5 crosses below ema20 4. MACD Standard parameters: 12, 26, 9 MACD Long: MACD line crosses above signal line MACD Short: MACD line crosses below signal line 5. RSI & Stochastic RSI(14): checks momentum Stochastic (%K, %D) Bullish: RSI > 50 and Stochastic %K crosses above %D Bearish: RSI < 50 and Stochastic %K crosses below %D 6. Volume Filter 20-period simple average volume Volume Up: Current volume > 120% of average Volume Down: Current volume < 80% of average ✅ Signal Logic 📈 Long Signal (longSignal) Triggered when 3 or more of the following are true: EMA bullish alignment Golden cross MACD bullish crossover RSI > 50 and Stochastic bullish crossover High volume 📉 Short Signal (shortSignal) Triggered when 3 or more of the following are true: EMA bearish alignment Dead cross MACD bearish crossover RSI < 50 and Stochastic bearish crossover Low volume 📊 Visual Elements Long Signal: Green “롱” label below the candle Short Signal: Red “숏” label above the candle EMA Lines: EMA5 (Blue) EMA20 (Orange) EMA60 (Green) EMA120 (Red)
Pine Script® indicator
by caracalla7
Bollinger Bands SMA 20_2 StrategyMean reversion strategy using Bollinger Bands (20-period SMA with 2.0 standard deviation bands). Trade Triggers: 🟢 BUY SIGNAL: When: Price crosses above the lower Bollinger Band Logic: Price has hit oversold territory and is bouncing back Action: Places a long position with stop at the lower band 🔴 SELL SIGNAL: When: Price crosses below the upper Bollinger Band Logic: Price has hit overbought territory and is pulling back Action: Places a short position with stop at the upper band
Pine Script® strategy
by meowBTC
1
Titan Wick Zone IndicatorThe Titan Wick Zone Indicator visually highlights the upper and lower wick regions of each candlestick on your chart, helping traders instantly identify areas where price was aggressively rejected (top wick) or absorbed (bottom wick). The indicator fills the area above the candle body to the wick high in red (sell zone), and the area below the candle body to the wick low in green (buy zone), both with adjustable opacity for clear visibility. How to Use: Spot Rejection and Absorption: The red-filled upper wick zone marks where upward price moves were sharply rejected by sellers, often indicating supply, resistance, or “stop hunt” zones. The green-filled lower wick zone marks where downward price moves were absorbed by buyers, pointing to potential demand, support, or accumulation zones. Enhance Price Action Analysis: Use these zones to avoid entering trades at price extremes, spot potential reversals, and find areas of confluence with support/resistance, Fibonacci levels, or order blocks. Risk Management: The indicator helps visualize where liquidity hunts or false breakouts may occur, so you can better place stop losses outside of volatile wick zones. Ideal For: Price action traders, scalpers, and swing traders seeking a visual edge in spotting supply/demand dynamics, liquidity zones, and wick-driven traps.
Pine Script® indicator
by Crypt0Titan