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D-VWAP

Moving Averages + VWAPA moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out the “noise” from random short-term price fluctuations. It is a trend-following, or lagging, indicator because it is based on past prices. The two basic and commonly used moving averages are the simple moving average (SMA), which is the simple average of a security over a defined number of time periods, and the exponential moving average (EMA), which gives greater weight to more recent prices. The most common applications of moving averages are to identify the trend direction and to determine support and resistance levels. Script includes 4 EMA 5 EMA 8 EMA 9 EMA 13 EMA 20 EMA 20 SMA 21 EMA 34 EMA 50 EMA 50 SMA 55 EMA 200 SMA The volume weighted average price (VWAP) is a trading benchmark used by traders that gives the average price a security has traded at throughout the day, based on both volume and price. It is important because it provides traders with insight into both the trend and value of a security. VWAP + VWAP bands
Pine Script™ indicator
by DarkSideTrader
1
Rumpy's Donchian Anchored VWAPUses donchian points to anchor VWAPs (start a new VWAP interval). The defaults are set up for a 1H chart, with lookback periods of 1 day, 2 days, 1 week, 2 weeks and 4 weeks for the anchor points. Green : upper donchian AVWAPs, Red : lower donchian AVWAPS, thin/1day to thickest/4 week. Option to test whether a new point should be formed from a high or low exceeding the historical high/low over a lookback length or using a closes that exceed the historical high/low. -------------------------------------- If you find it useful please consider a tip/donation : BTC - 3BMEXEDyWJ58eXUEALYPadbn1wwWKmf6sA
Pine Script™ indicator
by rumpypumpydumpy
2
Volume Weigthed Extreme DeviationThis indicator calculates extreme deviation areas of the difference of zero-lag fast and slow exponential moving averages with volume (for Volume Weighted version). Here is a connection between the distance of prices to their respective moving averages (default periods are 50/200) and standard deviations (default period is 20) . Like in the academic literature, the idea behind this indicator depends on that prices tend to exhibit “reversal to the mean” attributes. By using both volume and standard deviation of moving averages, volatility is considered in calculations too. The red zones are the “Extreme Zones” which signals and warns about possible incoming reversal. Because the indicator is semi non-directional, it is suggested to use it with a momentum indicator such as TTI , TPI or RSI . Using of momentum indicators becomes safer using it with ExDev/VoWExDev The green zone is the “Trade Safe” areas which indicates that if the price and indicator moves in same directions, the price is trending or market has relatively greater volume (for Volume Weighted version) than past periods. On the other hand, if the indicator floats in gray “No Trade” zone, the market is in ranging mode probably. Signal line (black dashes, default is 55) can be used for new orders. In a scenario in which price and the indicator moves together in same direction and then indicator starts to change direction, indicates a possible trend reversal approaches in coming periods. Waiting for both momentum and ExDev/VoWExDev extreme zones would be a good strategy. Seeking for divergences between momentum and opposite ExDev ExDev/VoWExDev extreme zone is the best long/short strategy developed so far. Notes: VoWExDev refers to Volume Weighted Extreme Deviation Multiplier adjusts the wave frequency of the indicator. Higher multiplier lowers the wave frequency of the indicator and vice versa. Look Back is the calculation period of the standard deviation. These two indicators are suitable for all markets for all time periods if there is enough back data to calculate. There would be significant differences between two versions due to volume as expected. For the markets lack of volume data, ExDev version is suggested to use. Türkçe: Bu indikatör, hacim ağırlıklı gecikmesiz üssel hareketli ortamaların birbirlerinden aşırı saptığı bölgeleri hesaplamaktadır. Fiyatın hareketli ortamaladan uzaklaşmasının standart sapması hesaplanarak aşırılık bölgeleri indikatör üzerinde gösterilmektedir. Bu indikatör, akademik çalışmalarda da bahsedilen “fiyat ortalamaya dönme eğilimindedir” teorisi üzerine geliştirilmiştir. Hareketli ortamala farklarının standart sapmasının hesaplanması ve hacim ile ilişkilendirilmesi ile volatilitede göz önünde bulundurularak indikatör hesaplamasına dahil edilmiş oldu. İndikatördeki kırmızı bölgeler “Aşırılık Bölgelerini” gösterir ve muhtemel bir trend dönüşünün yaklaştığını sinyaller ve uyarır. İndikatör, fiyat yönünden yarı bağımsız hareket ettiği için TTI ,TPI ya da RSI gibi herhangi bir momentum indikatörü ile kullanılması önerilir. Momentum indikatörlerinin kullanılması bu indikatör ile birlikte daha güvenli hale gelmektedir. Yeşil alan “Güvenli İşlem” bölgesini göstermektedir. Fiyat ve indikatör aynı yönde giderken piyasanın trendde olduğunu ve hacim ağırlıklı versiyonda da geçmiş dönemlere göre hacimin de göreceli olarak yükseldiğini göstermektedir. Diğer bir taraftan eğer indikatör gri “İşlem Yapma” bölgesinde dalgalanıyorsa piyasa muhtemelen yatay harekete geçmiştir. Sinyal çizgisi (kesik siyah çizgi, bazı 55) yeni işlemlere giriş için kullanılabilir. Fiyat ve indikatörün aynı yönde hareket ettiği ve indikatörün fiyattan önce yön değiştirmeye başladığı senaryoda indikatör, yaklaşan periyodlarda trendin dönebileceğini göstermektedir. Böyle bir senaryoda ExDev/VoWExDev ve momentum indikatörlerinin ikisinin de aşırılık bölgesine girmesinin beklenmesi iyi bir strateji olabilir. Momentum indikatörlerinde uyumsuzluk olduğu anlarda da indikatör aşırılık bölgesinde ise ve iki indikatörün birbirine göre de uyumsuz olduğu senaryolar şu ana kadar geliştirilmiş en başarılı stratejidir. Notlar: VoWExDev hacim ağırlıklı aşırı sapma indikatörünü tanımlamaktadır. Multiplier/Çarpan, indikatörün dalga frekansını ayarlamaktadır. Çarpan yükseldikçe indikatör frekansı düşer veya tersi. Look Back, standart sapmanın hesaplama periyodudur. Bu indikatörler, eğer yeterli geçmiş veri varsa her piyasayda her zaman periyodunda kullanılabilir. Hacimden dolayı iki versiyon arasında bariz farklar olabilir ve bu beklenen bir şeydir. Hacim verisinin olmadığı marketlerde ExDev versiyonunun kullanılması önerilir. Örnek stratejiler için/ For sample strategies: kriptomuhtar.com/dersler/asiri-sapma-ve-hacim-agirlikli-asiri-sapma/
Pine Script™ indicator
by KriptoMuhtar
Volume (Incremental) Weighted VOLATILITY BANDSDISCLAIMER: The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets. The following indicator was made for NON LUCRATIVE ACTIVITIES and must remain as is following TradingView's regulations. Use of indicator and their code are published by Invitation Only for work and knowledge sharing. All access granted over it, their use, copy or re-use should mention authorship(s) and origin(s). WARNING NOTICE! THE INCLUDED FUNCTION MUST BE CONSIDERED AS TESTING. The models included in the indicator have been taken from openly sources on the web, problems could occur at diverse data sceneries. WHAT'S THIS...? Work derived by previous own research for study: The given indicator is another VWAP analysis tool that contains openly procedures for rolling out time sessions as in other TradingView scripts . Some novelties are introduced in this version: INCREMENTAL WEIGHTED STANDARD DEVIATION BANDS: The calculation on this script are strictly based in regard of University of Cambridge Computing Service, February 2009 paper by Tony Finch publicly found at people.ds.cam.ac.uk . From the Abstract, he explain how to derive formulae for numerically stable calculation of the mean and standard deviation, which are also suitable for incremental on-line calculation. Then he generalize these formulae to weighted means and standard deviations. He unpick the difficulties that arise when generalizing further to normalized weights. Finally he shown that the exponentially weighted moving average is a special case of the incremental normalized weighted mean formula, and derive a formula for the exponentially weighted moving standard deviation. VOLUME WEIGHTED VOLATILITY ADAPTIVE MOVING AVERAGE & BANDS: Taking the INCREMENTAL WEIGHTED STANDARD DEVIATION already described and taking a specified anchor or Rolling procedure for a VWAP, I derive the variance against the price to use it as VOLATILITY PROXY for a normalization lambda to plot a First Order Impulse Response Filter or Adaptive Average . This idea have it's roots derived from Chaiyuth Padungsaksawasdi & Robert T. Daigler paper entitled "Volume weighted volatility: empirical evidence for a new realised volatility measure". NOTES: This version DO NOT INCLUDE ALERTS. This version DO NOT INCLUDE STRATEGY: Feedback are welcome. DERIVED WORK: Incremental calculation of weighted mean and variance by Tony Finch (fanf2@cam.ac.uk) (dot@dotat.at), 2009. Volume weighted volatility: empirical evidence for a new realised volatility measure by Chaiyuth Padungsaksawasdi & Robert T. Daigler, 2018. Multi-Timeframe VWAP by TradingView user @mortdiggidi CHEERS! @XeL_Arjona 2019.
Pine Script™ indicator
by xel_arjona
1
SMEF Scalper 2.0SMEF Scalper 2.0 by shaslund. Trying to mix some humour into technical trading. Kudos to Douglas Adams for his great books. Please take some time to read them. I believe all traders have been SMEF'd now and then... For the uninitiated: SMEF = 'Spontaneous Massive Existence Failure'. Methology: I am combining a TEMA and a volume-weighted average to predict the trend changes (buy/sell). Features: Some funny, some useful. Changes in v2.0: Removed some garbage and unprotected the code. Thanks to ChrisMoody, LazyBear and Hpotter for invaluable scripting ideas :-) Now, go ahead and board the 'Heart of Gold' and enjoy the ride :-)
Pine Script™ indicator
by Complector
11
SMEF Scalper SMEF Scalper by shaslund. Trying to mix some humour into technical trading. Kudos to Douglas Adams for his great books. Please take some time to read them. I believe all traders have been SMEF'd now and then... For the uninitiated: SMEF = 'Spontaneous Massive Existence Failure'. Methology: I am combining a TEMA and a volume-weighted average to predict the trend changes (buy/sell). Features: Some funny, some useful. Thanks to ChrisMoody, LazyBear and Hpotter for invaluable scripting ideas :-) Now, go ahead and board the 'Heart of Gold' and enjoy the ride :-) PS: If you want the script, please PM me (shaslund).
Pine Script™ indicator
by Complector
Volume Profile Free MAX SLI (50 Levels Value Area VWAP) by RRBVolume Profile Free MAX SLI by RagingRocketBull 2019 Version 1.0 All available Volume Profile Free MAX SLI versions are listed below (They are very similar and I don't want to publish them as separate indicators): ver 1.0: style columns implementation ver 2.0: style histogram implementation ver 3.0: style line implementation This indicator calculates Volume Profile for a given range and shows it as a histogram consisting of 50 horizontal bars. It can also show Point of Control (POC), Developing POC, Value Area/VWAP StdDev High/Low as dynamically moving levels. Free accounts can't access Standard TradingView Volume Profile, hence this indicator. There are several versions: Free Pro, Free MAX SLI, Free History. This is the Free MAX SLI version. The Differences are listed below: - Free Pro: 25 levels, +Developing POC, Value Area/VWAP High/Low Levels, Above/Below Area Dimming - Free MAX SLI: 50 levels, packed to the limit, 2x SLI modes for Buy/Sell or even higher res 150 levels - Free History: auto highest/lowest, historic poc/va levels for each session Features: - High-Res Volume Profile with up to 50 levels (3 implementations) - 20-30x faster than the old Pro versions especially on lower tfs with long history - 2x SLI modes for even higher res: 150 levels with 3x vertical SLI, 50 buy/sell levels with 2x horiz SLI - Calculate Volume Profile on full history - POC, Developing POC Levels - Buy/Sell/Total volume modes - Side Cover - Value Area, VAH/VAL dynamic levels - VWAP High/Low dynamic levels with Source, Length, StdDev as params - Show/Hide all levels - Dim Non Value Area Zones - Custom Range with Highlighting - 3 Anchor points for Volume Profile - Flip Levels Horizontally - Adjustable width, offset and spacing of levels - Custom Color for POC/VA/VWAP levels and Transparency for buy/sell levels Usage: - specify max_level/min_level/spacing (required) - select range (start_bar, range length), confirm with range highlighting - select volume type: Buy/Sell/Total - select mode Value Area/VWAP to show corresponding levels - flip/select anchor point to position the buy/sell levels - use Horiz SLI mode for 50 Buy/Sell or Vertical SLI for 150 levels if needed - use POC/Developing POC/VA/VWAP High/Low as S/R levels. Usually daily values from 1-3 days back are used as levels for the current day. SLI: - use SLI modes to extend the functionality of the indicator: - Horiz Buy/Sell 2x SLI lets you view 50 Buy/Sell Levels at the same time - Vertical Max_Vol 3x SLI lets you increase the resolution to 150 levels - you need at least 2 instances of the indicator attached to the same chart for SLI to work 1) Enable Horiz SLI: - attach 2 indicator instances to the chart - make sure all instances have the same min_level/max_level/range/spacing settings - select volume type for each instance: you can have a buy/sell or buy/total or sell/total SLI. Make sure your buy volume instance is the last attached to be displayed on top of sell/total instances without overlapping. - set buy_sell_sli_mode to true for indicator instances with volume_type = buy/sell, for type total this is optional. - this basically tells the script to calculate % lengths based on total volume instead of individual buy/sell volumes and use ext offset for sell levels - Sell Offset is calculated relative to Buy Offset to stack/extend sell after buy. Buy Offset = Zero - Buy Length. Sell Offset = Buy Offset - Sell Length = Zero - Buy Length - Sell Length - there are no master/slave instances in this mode, all indicators are equal, poc/va levels are not affected and can work independently, i.e. one instance can show va levels, another - vwap. 2) Enable Vertical SLI: - attach the first instance and evaluate the full range to roughly determine where is the highest max_vol/poc level i.e. 0..20000, poc is in the bottom half (third, middle etc) or - add more instances and split the full vertical range between them, i.e. set min_level/max_level of each corresponding instance to 0..10000, 10000..20000 etc - make sure all instances have the same range/spacing settings - an instance with a subrange containing the poc level of the full range is now your master instance (bottom half). All other instances are slaves, their levels will be calculated based on the max_vol/poc of the master instance instead of local values - set show_max_vol_sli to true for the master instance. for slave instances this is optional and can be used to check if master/slave max_vol values match and slave can read the master's value. This simply plots the max_vol value - you can also attach all instances and set show_max_vol_sli to true in all of them - the instance with the largest max_vol should become the master Auto/Manual Ext Max_Vol Modes: - for auto vertical max_vol SLI mode set max_vol_sli_src in all slave instances to the max_vol of the master indicator: "VolumeProfileFree_MAX_RRB: Max Volume for Vertical SLI Mode". It can be tricky with 2+ instances - in case auto SLI mode doesn't work - assign max_vol_sli_ext in all slave instances the max_vol value of the master indicator manually and repeat on each change - manual override max_vol_sli_ext has higher priority than auto max_vol_sli_src when both values are assigned, when they are 0 and close respectively - SLI is disabled - master/slave max_vol values must match on each bar at all times to maintain proper level scale, otherwise slave's levels will look larger than they should relative to the master's levels. - Max_vol (red) is the last param in the long list of indicator outputs - the only true max_vol/poc in this SLI mode is the master's max_vol/poc. All poc/va levels in slaves will be irrelevant and are disabled automatically. Slaves can only show VWAP levels. - VA Levels of the master instance in this SLI mode are calculated based on the subrange, not the whole range. Cross check with the full range. WARNING! - auto mode max_vol_sli_src is experimental and may not work as expected - you can only assign auto mode max_vol_sli_src = max_vol once due to some bug with unhandled exception/buffer overflow in Tradingview. Seems that you can clear the value only by removing the indicator instance - sometimes you may see a "study in error state" error when attempting to set it back to close. Remove indicator/Reload chart and start from scratch - volume profile may not finish to redraw and freeze in an ugly shape after an UI parameter change when max_vol_sli_src is assigned a max_vol value. Assign it to close - VP should redraw properly, but it may not clear the assigned max_vol value - you can't seem to be able to assign a proper auto max_vol value to the 3rd slave instance - 2x Vertical SLI works and tested in both auto/manual, 3x SLI - only manual seems to work Notes: - This code is 20x-30x faster (main for cycle is removed) especially on lower tfs with long history - only 2-3 sec load/redraw time vs 30-60 sec of the old Pro versions - Instead of repeatedly calculating the total sum of volumes for the whole range on each bar, vol sums are now increased on each bar and passed to the next in the range making it a per range vs per bar calculation that reduces time dramatically - hist_base for levels still results is ugly redraw - if you don't see a volume profile check range settings: min_level/max_level and spacing, set spacing to 0 (or adjust accordingly based on the symbol's precision, i.e. 0.00001) - you can view either of Buy/Sell/Total volumes, but you can't display Buy/Sell levels at the same time using a single instance (this would 2x reduce the number of levels). Use 2 indicator instances in horiz buy/sell sli mode for that. - Volume Profile/Value Area are calculated for a given range and updated on each bar. Each level has a fixed length. Offsets control visible level parts. Side Cover hides the invisible parts. - Custom Color for POC/VA/VWAP levels - UI Style color/transparency can only change shape's color and doesn't affect textcolor, hence this additional option - Custom Width - UI Style supports only width <= 4, hence this additional option - POC is visible in both modes. In VWAP mode Developing POC becomes VWAP, VA High and Low => VWAP High and Low correspondingly to minimize the number of plot outputs - You can't change buy/sell level colors from input (only plot transparency) - this requires 2x plot outputs => 2x reduces the number of levels to fit the max 64 limit. That's why 2 additional plots are used to dim the non Value Area zones - All buy/sell volume lengths are calculated as % of a fixed base width = 100 bars (100%). You can't set show_last from input to change it - There's no such thing as buy/sell volume, there's just volume, but for the purposes of the Volume Profile method, assume: bull candle = buy volume, bear candle = sell volume P.S. Gravitonium Levels Are Increasing. Unobtainium is nowhere to be found! Links on Volume Profile and Value Area calculation and usage: www.tradingview.com stockcharts.com onlinelibrary.wiley.com
Pine Script™ indicator
by RagingRocketBull
25
Volume Profile Free Pro (25 Levels Value Area VWAP) by RRBVolume Profile Free Pro by RagingRocketBull 2019 Version 1.0 All available Volume Profile Free Pro versions are listed below (They are very similar and I don't want to publish them as separate indicators): ver 1.0: style columns implementation ver 2.0: style histogram implementation ver 3.0: style line implementation This indicator calculates Volume Profile for a given range and shows it as a histogram consisting of 25 horizontal bars. It can also show Point of Control (POC), Developing POC, Value Area/VWAP StdDev High/Low as dynamically moving levels. Free accounts can't access Standard TradingView Volume Profile, hence this indicator. There are 3 basic methods to calculate the Value Area for a session. - original method developed by Steidlmayr (calculated around POC) - classical method using StdDev (calculated around the mean VWAP) - another method based on the mean absolute deviation (calculated around the median) POC is a high volume node and can be used as support/resistance. But when far from the day's average price it may not be as good a trend filter as the other methods. The 80% Rule: When the market opens above/below the Value Area and then returns/stays back inside for 2 consecutive 30min periods it has 80% chance of filling VA (like a gap). There are several versions: Free, Free Pro, Free MAX. This is the Free Pro version. The Differences are listed below: - Free: 30 levels, Buy/Sell/Total Volume Profile views, POC - Free Pro: 25 levels, +Developing POC, Value Area/VWAP High/Low Levels, Above/Below Area Dimming - Free MAX: 50 levels, packed to the limit Features: - Volume Profile with up to 25 levels (3 implementations) - POC, Developing POC Levels - Buy/Sell/Total/Side by Side View modes - Side Cover - Value Area, VAH/VAL dynamic levels - VWAP High/Low dynamic levels with Source, Length, StdDev as params - Show/Hide all levels - Dim Non Value Area Zones - Custom Range with Highlighting - 3 Anchor points for Volume Profile - Flip Levels Horizontally - Adjustable width, offset and spacing of levels - Custom Color for POC/VA/VWAP levels and Transparency for buy/sell levels Usage: - specify max_level/min_level for a range (required in ver 1.0/2.0, auto/optional in ver 3.0 = set to highest/lowest) - select range (start_bar, range length), confirm with range highlighting - select mode Value Area or VWAP to show corresponding levels. - flip/select anchor point to position the buy/sell levels, adjust width and spacing as needed - select Buy/Sell/Total/Side by Side view mode - use POC/Developing POC/VA/VWAP High/Low as S/R levels. Usually daily values from 1-3 days back are used as levels for the current day. - Green - buy volume of a specific price level in a range, Red - sell volume. Green + Red = Total volume of a price level in a range There's no native support for vertical histograms in Pinescript (with price axis as base) Basically, there are 4 ways to plot a series of horizontal bars stacked on top of each other: 1. plotshape style labeldown (ver 0 prototype discarded) - you can have a set of fixed width/height text labels consisting of a series of underscores and moving dynamically as levels. Level offset controls visible length. - you can move levels and scale the base width of the volume profile histogram dynamically - you can calculate the highest/lowest range values automatically. max_level/min_level inputs are optional - you can't fill the gaps between levels/adjust/extend width, height - this results in a half baked volume profile and looks ugly - fixed text level height doesn't adjust and looks bad on a log scale - fixed font width also doesn't scale and can't be properly aligned with bars when zooming 2. plot style columns + hist_base (ver 1.0) - you can plot long horizontal bars using a series of small adjacent vertical columns with level offsets controlling visible length. - you can't hide/move levels of the volume profile histogram dynamically on each bar, they must be plotted at all times regardless - you can't delete the history of a plot. - you can't scale the base width of the volume profile histogram dynamically, can't set show_last from input, must use a preset fixed width for each level - hist_base can only be a static const expression, can't be assigned highest/lowest range values automatically - you have to specify max_level/min_level manually from input - you can't control spacing between columns - there's an equalizer bar effect when you zoom in, and solid bars when you zoom out - using hist_base for levels results in ugly load/redraw times - give it 3-5 sec to finalize its shape after each UI param change - level top can be properly aligned with another level's bottom producing a clean good looking histogram - columns are properly aligned with bars automatically 3. plot style histogram + hist_base (ver 2.0) - you can plot long horizontal bars using a series of small vertical bars (horizontal histogram) instead of columns. - you can control the width of each histogram bar comprising a level (spacing/horiz density). Large enough width will cause bar overlapping and give level a "solid" look regardless of zoom - you can only set width <= 4 in UI Style - custom textbox input is provided for larger values. You can set width and plot transparency from input - this method still uses hist_base and inherits other limitations of ver 2.0 4. plot style lines (ver 3.0) - you can also plot long horizontal bars using lines with level offsets controlling visible length. - lines don't need hist_base - fast and smooth redraw times - you can calculate the highest/lowest range values automatically. max_level/min_level inputs are optional - level top can't be properly aligned with another level's bottom and have a proper spacing because line width uses its own units and doesn't scale - fixed line width of a level (vertical thickness) doesn't scale and looks bad on log (level overlapping) - you can only set width <= 4 in UI Style, a custom textbox input is provided for larger values. You can set width and plot transparency from input Notes: - hist_base for levels results in ugly load/redraw times - give it 3-5 sec to finalize its shape after each UI param change - indicator is slow on TFs with long history 10000+ bars - Volume Profile/Value Area are calculated for a given range and updated on each bar. Each level has a fixed width. Offsets control visible level parts. Side Cover hides the invisible parts. - Custom Color for POC/VA/VWAP levels - UI Style color/transparency can only change shape's color and doesn't affect textcolor, hence this additional option - Custom Widh for levels - UI Style supports only width <= 4, hence this additional option - POC is visible in both modes. In VWAP mode Developing POC becomes VWAP, VA High and Low => VWAP High and Low correspondingly to minimize the number of plot outputs - You can't change buy/sell level colors (only plot transparency) - this requires 2x plot outputs exceeding max 64 limit. That's why 2 additional plots are used to dim the non Value Area zones - Use Side by Side view to compare buy and sell volumes between each other: base width = max(total_buy_vol, total_sell_vol) - All buy/sell volume lengths are calculated as % of a fixed base width = 100 bars (100%). You can't set show_last from input - Sell Offset is calculated relative to Buy Offset to stack/extend sell on top of buy. Buy Offset = Zero - Buy Length. Sell Offset = Buy Offset - Sell Length = Zero - Buy Length - Sell Length - If you see "loop too long error" - change some values in UI and it will recalculate - no need to refresh the chart - There's no such thing as buy/sell volume, there's just volume, but for the purposes of the Volume Profile method, assume: bull candle = buy volume, bear candle = sell volume - Volume Profile Range is limited to 5000 bars for free accounts P.S. Cantaloupia Will be Free! Links on Volume Profile and Value Area calculation and usage: www.tradingview.com stockcharts.com onlinelibrary.wiley.com
Pine Script™ indicator
by RagingRocketBull
33