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Hull MA Crossover Band //@version=5 indicator("Hull MA Crossover Band", overlay=true) // Inputs src = input.source(close, title="Source") length = input.int(55, title="Hull MA Length") smoothing = input.int(3, title="Smoothing Length") // Additional smoothing to narrow bandwidth // Function: Hull Moving Average (HMA) Calculation HMA(_src, _length) => ta.wma(2 * ta.wma(_src, _length / 2) - ta.wma(_src, _length), math.round(math.sqrt(_length))) // Calculate Hull MA with additional smoothing hullMA = HMA(src, length) smoothedHullMA = ta.sma(hullMA, smoothing) // Applying extra smoothing for stability // Define color based on position of candle relative to the Hull MA hullColor = close > smoothedHullMA ? color.green : color.red // Plot the Hull MA band with color indicating position of price plot(smoothedHullMA, color=hullColor, linewidth=2, title="Hull MA Band")
Pine Script™ indicator
by Ganeshwanave
Pivot Points StrategyTrade Entry Logic Long Entry: The strategy enters a long position when the price crosses above the primary pivot level (P). This crossover indicates a potential uptrend or bullish momentum. Short Entry: The strategy enters a short position when the price crosses below the primary pivot level (P). This crossunder suggests bearish momentum or a potential downtrend. Trade Exit Logic Long Exit: If a long position is active and the price reaches or exceeds R4, the strategy will exit the long position. R4 serves as an upper target, signaling that the bullish momentum might be losing steam. Short Exit: If a short position is active and the price reaches or falls below S4, the strategy exits the short position. S4 is used as a target for short positions, indicating that downward momentum may be weakening. Alerts The strategy includes alerts for exits: When a long position exits at R4, an alert is triggered with the message "Exit Long Trade at R4." When a short position exits at S4, an alert is triggered with the message "Exit Short Trade at S4." Strategy Rationale This strategy is based on the concept that certain price levels act as psychological boundaries where price may reverse, pause, or breakout significantly. By using Camarilla pivots, the strategy aims to capture moves within strong support and resistance boundaries, providing guidance on entry and exit points.
Pine Script™ indicator
by xxGiDEONxx
BTC Volume number candel//@version=5 indicator("BTC Key Indicators with Volume Labels", overlay=true) // 1. Klouzavé průměry (MA) shortMaLength = 50 longMaLength = 200 shortMa = ta.sma(close, shortMaLength) longMa = ta.sma(close, longMaLength) plot(shortMa, color=color.blue, linewidth=2, title="50 MA") plot(longMa, color=color.red, linewidth=2, title="200 MA") // 2. RSI (Relative Strength Index) rsiLength = 14 rsiOverbought = 70 rsiOversold = 30 rsi = ta.rsi(close, rsiLength) hline(rsiOverbought, "Overbought", color=color.red, linestyle=hline.style_dotted) hline(rsiOversold, "Oversold", color=color.green, linestyle=hline.style_dotted) plot(rsi, "RSI", color=color.purple, linewidth=1) // 3. MACD (Moving Average Convergence Divergence) macdLength1 = 12 macdLength2 = 26 signalSmoothing = 9 = ta.macd(close, macdLength1, macdLength2, signalSmoothing) plot(macdLine, color=color.blue, title="MACD Line", linewidth=1) plot(signalLine, color=color.orange, title="Signal Line", linewidth=1) bgcolor(macdLine > signalLine ? color.new(color.green, 90) : color.new(color.red, 90), title="MACD Background") // 4. Volume (Objem obchodů) - zobrazení sloupců showVolume = input(true, "Show Volume Columns") volumeColor = close > open ? color.green : color.red plot(showVolume ? volume : na, style=plot.style_columns, color=volumeColor, title="Volume") // 5. Volume Labels (číselné hodnoty nad svíčkami) showVolumeLabels = input(true, "Show Volume Labels") if showVolumeLabels label.new(bar_index, high, str.tostring(volume, "#"), color=color.blue, textcolor=color.white, size=size.small, yloc=yloc.above)
Pine Script™ indicator
by johnyrone
WiseOwl Indicator - 1.0 The WiseOwl Indicator - 1.0 is a technical analysis tool designed to help traders identify potential entry points and market trends based on Exponential Moving Averages (EMAs) across multiple timeframes. It focuses on providing clear visual cues for bullish and bearish market conditions, as well as potential breakout opportunities. Key Features Multi-Timeframe EMA Analysis: Calculates EMAs on the current timeframe, Daily timeframe, and 15-minute timeframe to confirm trends. Bullish and Bearish Market Identification: Determines market conditions based on the 200-period EMA on the Daily timeframe. Directional Candle Coloring: Highlights candles based on their position relative to EMAs to provide immediate visual feedback. Entry Signals: Plots buy and sell signals on the chart when specific conditions are met on the 1-hour and 4-hour timeframes. Breakout Candle Highlighting: Colors candles differently when significant price movements occur, indicating potential breakout opportunities. How It Works Market Condition Determination: Bullish Market: When the close price is above the 200-period EMA on the Daily timeframe. Bearish Market: When the close price is below the 200-period EMA on the Daily timeframe. Directional Candle Coloring: Green Background: Applied when the close is above the 50-period EMA and the market is not bearish. Red Background: Applied when the close is below the 50-period EMA and the market is not bullish. Uses the Average True Range (ATR) to define a range threshold. Suppresses signals when EMAs are within this range, indicating a sideways market. Plotting Entry Signals: Plots arrows on the chart for potential long and short entries on the 1-hour and 4-hour timeframes. Breakout Candle Coloring: Colors candles blue when a bullish breakout condition is met. Colors candles orange when a bearish breakout condition is met. How to Use Trend Identification: Use the background coloring to quickly identify the overall market trend. Green Background: Suggests bullish conditions; consider looking for long opportunities. Red Background: Suggests bearish conditions; consider looking for short opportunities. Entry Signals: Look for plotted arrows on the chart. Green Upward Arrow: Indicates a potential long entry signal on the 1-hour or 4-hour timeframe. Red Downward Arrow: Indicates a potential short entry signal on the 1-hour or 4-hour timeframe. Breakout Opportunities: Watch for candles colored blue or orange. Blue Candles: Highlight significant upward price movements. Orange Candles: Highlight significant downward price movements. Avoiding Ranging Markets: Be cautious when signals are suppressed due to ranging conditions; the market may not have a clear direction. Example Usage Identifying a Bullish Market: The background turns green. Price crosses above the 50 EMA. A green upward arrow appears below a candle on the 1-hour or 4-hour chart. Identifying a Bearish Market: The background turns red. Price crosses below the 50 EMA. A red downward arrow appears above a candle on the 1-hour or 4-hour chart. Notes Open-Source Code: The script is open-source, allowing users to review and understand the logic behind the indicator. Educational Purpose: This indicator is intended to aid in technical analysis and should not be used as the sole basis for trading decisions. Disclaimer This indicator is for educational purposes only and does not constitute financial advice. Trading involves risk, and you should consult with a qualified financial advisor before making any investment decisions.
Pine Script™ indicator
by TraderOuss_LumaNex
Kushy - EMA (9, 21, 50, 100, 200)Tên chỉ báo: Custom EMA (9, 21, 50, 100, 200) Mô tả: Đây là chỉ báo EMA tùy chỉnh được thiết kế để giúp người dùng theo dõi xu hướng thị trường bằng cách sử dụng 5 đường EMA phổ biến với các giá trị 9, 21, 50, 100 và 200. Mỗi đường EMA được gán màu sắc riêng để dễ dàng quan sát: EMA 9: Màu tím - thích hợp cho việc theo dõi biến động ngắn hạn. EMA 21: Màu cam - giúp xác định xu hướng ngắn hạn và hỗ trợ giao dịch ngắn. EMA 50: Màu xanh dương - cung cấp tín hiệu trung hạn, thường được sử dụng trong chiến lược swing trading. EMA 100: Màu xanh lá - cho thấy xu hướng tổng quát trung hạn. EMA 200: Màu đỏ - biểu thị xu hướng dài hạn, rất hữu ích để đánh giá xu hướng lớn trong thị trường. Chỉ báo này giúp người dùng dễ dàng xác định xu hướng và tìm điểm vào/ra tiềm năng khi các đường EMA giao nhau hoặc khi giá cắt qua các đường EMA chính. Phù hợp cho cả day trading, swing trading và các chiến lược đầu tư dài hạn. Hướng dẫn sử dụng: Các đường EMA ngắn hạn (EMA 9, EMA 21) giúp xác định các tín hiệu giao dịch nhanh, trong khi các đường dài hạn (EMA 50, EMA 100, EMA 200) cung cấp xu hướng tổng thể của thị trường. Quan sát sự giao nhau của các đường EMA để tìm điểm vào/ra giao dịch. Khi giá nằm trên các đường EMA dài hạn, đó là tín hiệu của xu hướng tăng; ngược lại, khi giá nằm dưới các đường này, có thể là xu hướng giảm.
Pine Script™ indicator
by ti3uy3ub4by
On Balance Volume Oscillator of Trading Volume TrendOn Balance Volume Oscillator of Trading Volume Trend Introduction This indicator, the "On Balance Volume Oscillator of Trading Volume Trend," is a technical analysis tool designed to provide insights into market momentum and potential trend reversals by combining the On Balance Volume (OBV) and Relative Strength Index (RSI) indicators. Calculation and Methodology * OBV Calculation: The indicator first calculates the On Balance Volume, which is a cumulative total of the volume of up days minus the volume of down days. This provides a running tally of buying and selling pressure. * RSI of OBV: The RSI is then applied to the OBV values to smooth the data and identify overbought or oversold conditions. * Exponential Moving Averages (EMAs): Two EMAs are calculated on the RSI of OBV. A shorter-term EMA (9-period in this case) and a longer-term EMA (100-period) are used to generate signals. Interpretation and Usage * EMA Crossovers: When the shorter-term EMA crosses above the longer-term EMA, it suggests increasing bullish momentum. Conversely, a downward crossover indicates weakening bullish momentum or increasing bearish pressure. * RSI Divergences: Divergences between the price and the indicator can signal potential trend reversals. For example, if the price is making new highs but the indicator is failing to do so, it could be a bearish divergence. * Overbought/Oversold Conditions: When the RSI of OBV is above 70, it suggests the market may be overbought and a potential correction could be imminent. Conversely, when it is below 30, it suggests the market may be oversold. Visual Representation The indicator is plotted on a chart with multiple lines and filled areas: * Two EMAs: The shorter-term EMA and longer-term EMA are plotted to show the trend of the OBV. * Filled Areas: The area between the two EMAs is filled with a color to indicate the strength of the trend. The color changes based on whether the shorter-term EMA is above or below the longer-term EMA. * RSI Bands: Horizontal lines at 30 and 70 mark the overbought and oversold levels for the RSI of OBV. Summary The On Balance Volume Oscillator of Trading Volume Trend provides a comprehensive view of market momentum and can be a valuable tool for traders. By combining the OBV and RSI, this indicator helps identify potential trend reversals, overbought and oversold conditions, and the strength of the current trend. Note: This indicator should be used in conjunction with other technical analysis tools and fundamental analysis to make informed trading decisions.
Pine Script™ indicator
by da_ji_ba
Globex time (New York Time)This indicator is designed to highlight and analyze price movements within the Globex session. Primarily geared toward the Globex Trap trading strategy, this tool visually identifies the session's high and low prices, allowing traders to better assess price action during extended hours. Here’s a comprehensive breakdown of its features and functionality: Purpose The "Globex Time (New York Time)" indicator tracks price levels during the Globex trading session, providing a clear view of overnight market activity. This session, typically running from 6 p.m. ET (18:00) until the following morning at 8:30 a.m. ET, is a critical period where significant market positioning can occur before the regular session opens. In the Globex Trap strategy, the session high and low are essential levels, as price movements around these areas often indicate potential support, resistance, or reversal zones, which traders use to set up entries or exits when the regular trading session begins. Key Features Customizable Session Start and End Times The indicator allows users to specify the exact start and end times of the Globex session in New York time. The default settings are: Start: 6 p.m. ET (18:00) End: 8:30 a.m. ET These settings can be adjusted to align with specific market hours or personal preferences. Session High and Low Identification Throughout the defined session, the indicator dynamically calculates and tracks: Session High: The highest price reached within the session. Session Low: The lowest price reached within the session. These levels are essential for the Globex Trap strategy, as price action around them can indicate likely breakout or reversal points when regular trading resumes. Vertical Lines for Session Start and End The indicator draws vertical lines at both the session start and end times: Session Start Line: A solid line marking the exact beginning of the Globex session. Session End Line: A similar vertical line marking the session’s conclusion. Both lines are customizable in terms of color and thickness, making it easy to distinguish the session boundaries visually on the chart. Horizontal Lines for Session High and Low At the end of the session, the indicator plots horizontal lines representing the Globex session's high and low levels. Users can customize these lines: Color: Define specific colors for the session high (default: red) and session low (default: green) to easily differentiate them. Line Style: Options to set the line style (solid, dashed, or dotted) provide flexibility for visual preferences and chart organization. Automatic Reset for Daily Tracking To adapt to the next trading day, the indicator resets the session high and low data once the current session ends. This reset prepares it to start tracking new levels at the beginning of the next session without manual intervention. Practical Application in the Globex Trap Strategy In the Globex Trap strategy, traders are primarily interested in price behavior around the high and low levels established during the overnight session. Common applications of this indicator for this strategy include: Breakout Trades: Watching for price to break above the Globex high or below the Globex low, indicating potential momentum in the breakout direction. Reversal Trades: Monitoring for failed breakouts or traps where price tests and rejects the Globex high or low, suggesting a reversal as liquidity is trapped in these zones. Support and Resistance Zones: Using the session high and low as key support and resistance levels during the regular trading session, with potential entry or exit points when price approaches these areas. Additional Configuration Options Vertical Line Color and Width: Define the color and thickness of the vertical session start and end lines to match your chart’s theme. Upper and Lower Line Colors and Styles: Customize the appearance of the session high and low horizontal lines by setting color and line style (solid, dashed, or dotted), making it easy to distinguish these critical levels from other chart markings. Summary This indicator is a valuable tool for traders implementing the Globex Trap strategy. It visually segments the Globex session and marks essential price levels, helping traders analyze market behavior overnight. Through its customizable options and clear visual representation, it simplifies tracking overnight price activity and identifying strategic levels for potential trade setups during the regular session.
Pine Script™ indicator
by Almureqeeb
Granular Candle-by-Candle VWAPGranular Candle-by-Candle VWAP is a customizable Volume Weighted Average Price (VWAP) indicator designed for TradingView. Unlike traditional VWAP indicators that operate on the chart's primary timeframe, this script enhances precision by incorporating lower timeframe (e.g., 1-minute) data into VWAP calculations. This granular approach provides traders with a more detailed and accurate representation of the average price, accounting for intra-bar price and volume movements. The indicator dynamically adjusts to the chart's current timeframe and offers a range of customization options, including price type selection, visual styling, and alert configurations. Customizable Features Users have extensive control over various aspects of the Granular Candle-by-Candle VWAP indicator. Below are the key features that can be customized to align with individual trading preferences: 🎛️ Customizable Features Users have extensive control over various aspects of the Granular Candle-by-Candle VWAP indicator. Below are the key features that can be customized to align with individual trading preferences: 🔢 Lookback Period Description: Defines the number of lower timeframe bars used in the VWAP calculation. Customization: Input: VWAP Lookback Period (Number of Lower Timeframe Bars) Default Value: 20 bars Range: Minimum of 1 bar Purpose: Allows traders to adjust the sensitivity of the VWAP. A smaller lookback period makes the VWAP more responsive to recent price changes, while a larger period smoothens out fluctuations. 📈 Price Type Selection Description: Determines which price metric is used in the VWAP calculation. Customization: Input: Price Type for VWAP Calculation Options: Open: Uses the opening price of each lower timeframe bar. High: Uses the highest price of each lower timeframe bar. Low: Uses the lowest price of each lower timeframe bar. Close: Uses the closing price of each lower timeframe bar. OHLC/4: Averages the Open, High, Low, and Close prices. HL/2: Averages the High and Low prices. Typical Price: (High + Low + Close) / 3 Weighted Close: (High + Low + 2 × Close) / 4 Default Value: Close Purpose: Offers flexibility in how the average price is calculated, allowing traders to choose the price metric that best fits their analysis style. 🕒 Lower Timeframe Selection Description: Specifies the lower timeframe from which data is fetched for granular VWAP calculations. Customization: Input: Lower Timeframe for Granular Data Default Value: 1 minute ("1") Options: Any valid TradingView timeframe (e.g., "1", "3", "5", "15", etc.) Purpose: Enables traders to select the granularity of data used in the VWAP calculation, enhancing the indicator's precision on higher timeframe charts. 🎨 VWAP Line Customization Description: Adjusts the visual appearance of the VWAP line based on price position relative to the VWAP. Customizations: Color When Price is Above VWAP: Input: VWAP Color (Price Above) Default Value: Green Color When Price is Below VWAP: Input: VWAP Color (Price Below) Default Value: Red Line Thickness: Input: VWAP Line Thickness Default Value: 2 Range: Minimum of 1 Line Style: Input: VWAP Line Style Options: Solid, Dashed, Dotted Default Value: Solid Purpose: Enhances visual clarity, allowing traders to quickly assess price positions relative to the VWAP through color coding and line styling. 🔔 Alerts and Notifications Description: Provides real-time notifications when the price crosses the VWAP. Customizations: Enable/Disable Alerts: Input: Enable Alerts for Price Crossing VWAP Default Value: Enabled (true) Alert Conditions: Price Crossing Above VWAP: Trigger: When the closing price crosses from below to above the VWAP. Alert Message: "Price has crossed above the Granular VWAP." Price Crossing Below VWAP: Trigger: When the closing price crosses from above to below the VWAP. Alert Message: "Price has crossed below the Granular VWAP." Purpose: Keeps traders informed of significant price movements relative to the VWAP, facilitating timely trading decisions. 📊 Plotting and Visualization Description: Displays the calculated Granular VWAP on the chart with user-defined styling. Customization Options: Color, Thickness, and Style: As defined in the VWAP Line Customization section. Track Price Feature: Parameter: trackprice=true Function: Ensures that the VWAP line remains visible even when the price moves far from the VWAP. Purpose: Provides a clear and persistent visual reference of the VWAP on the chart, aiding in trend analysis and support/resistance identification. ⚙️ Performance Optimizations Description: Ensures the indicator runs efficiently, especially on higher timeframes with large datasets. Strategies Implemented: Minimized Security Calls: Utilizes two separate request.security calls to fetch necessary data, balancing functionality and performance. Efficient Calculations: Employs built-in functions like ta.sum for rolling calculations to reduce computational load. Conditional Processing: Alerts are processed only when enabled, preventing unnecessary computations. Purpose: Maintains smooth chart performance and responsiveness, even when using lower timeframe data for granular calculations.
Pine Script™ indicator
by kronos455
Formation Defined Moving Support and ResistanceThe script was originally coded in 2018 with Pine Script version 3, and it was in protected code status. It has been updated and optimised for Pine Script v5 and made completely open source. The Formation Defined Moving Support and Resistance indicator is a sophisticated tool for identifying dynamic support and resistance levels based on specific price formations and level interactions. This indicator goes beyond traditional static support and resistance by updating levels based on predefined formation patterns and market behaviour, providing traders with a more responsive view of potential support and resistance zones. Features: The indicator detects essential price levels: Lower Low (LL) Higher Low (HL) Higher High (HH) Lower High (LH) Equal Lower Low (ELL) Equal Higher Low (EHL) Equal Higher High (EHH) Equal Lower High (ELH) By identifying these key points, the script builds a foundation for tracking and responding to changes in price structure. Pre-defined Formations and Comparisons: The indicator calculates and recognises nine different pre-defined formations, such as bullish and bearish formations, based on the sequence of price levels. These formations are compared against previous levels and formations, allowing for a sophisticated understanding of recent market movements and momentum shifts. This formation-based approach provides insights into whether the price is likely to maintain, break, or reverse key levels. Dynamic Support and Resistance Levels: The indicator offers an option to toggle Moving Support and Resistance Levels. When enabled, the support and resistance levels dynamically adjust: Upon a change in the detected formation. When the bar’s closing price breaks the last defined support or resistance level. This feature ensures that the support and resistance levels adapt quickly to market changes, giving a more accurate and responsive perspective. Customisable Price Source: Users can choose the price source for level detection, selecting between close or high/low prices. This flexibility allows the indicator to adapt to different trading styles, whether the focus is on closing prices for more conservative levels or on highs and lows for more sensitive level tracking. This indicator can benefit traders relying on dynamic support and resistance rather than fixed, historical levels. It adapts to recent price actions and market formations, making it useful for identifying entry and exit points, trend continuation or reversal, and setting trailing stops based on updated support and resistance levels.
Pine Script™ indicator
by aybarsm
MACD Histogram Fibonacci Retracement LevelsMACD Histogram Fibonacci Retracement Level s. MACD Histogram Fibonacci Retracement Levels indicator considers the highest and lowest histogram bar levels from Intraday Day Open. Fibonacci retracement levels 23.6%, 38.2%, 50%, 61.8%, and 78.6% are displayed for the Highest and Lowest histogram bar .As the day progress revised Fibonacci Retracement Levels are set in based on change in Highest and Lowest histogram bar levels. Histogram bars positions are monitored vis a vis the Fibonacci Retracement Levels to plan the trade entry or exit as per MACD indicator. MACD and Signal levels are opted out to get clear histogram bar image on chart. Input check in box is available to display MACD and signal lines at Users option. A Histogram intraday average line (Histo Intra Avg) indicate the intraday average movement of histogram bars. MACD Histogram Fibonacci Retracement Levels is very useful to know the level of upward and downward Histogram bar movements vis a vis Fibonacci Retracement Levels compared to general MACD Indicator Histogram levels. DISCLAIMER: For educational and entertainment purpose only .Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security/ies or investment/s.
Pine Script™ indicator
by avsr90
2
Confirmed market structure buy/sell indicatorOverview The Swing Point Breakout Indicator with Multi-Timeframe Dashboard is a TradingView tool designed to identify potential buy and sell signals based on swing point breakouts on the primary chart's timeframe while simultaneously providing a snapshot of the market structure across multiple higher timeframes. This dual approach helps traders make informed decisions by aligning short-term signals with broader market trends. Key Features Swing Point Breakout Detection Swing Highs and Lows: Identifies significant peaks and troughs based on a user-defined lookback period. Breakout Signals: Bullish Breakout (Buy Signal): Triggered when the price closes above the latest swing high. Bearish Breakout (Sell Signal): Triggered when the price closes below the latest swing low. Visual Indicators: Highlights breakout bars with colors (lime for bullish, red for bearish) and plots buy/sell markers on the chart. Multi-Timeframe Dashboard Timeframes Monitored: 1m, 5m, 15m, 1h, 4h, 1D, and 1W. Market Structure Status: Bullish: Indicates upward market structure. Bearish: Indicates downward market structure. Neutral: No clear trend. Visual Table: Displays each timeframe with its current status, color-coded for quick reference (green for bullish, red for bearish, gray for neutral). Operational Workflow Initialization: Sets up a dashboard table on the chart's top-right corner with headers "Timeframe" and "Status". Swing Point Detection: Continuously scans the main timeframe for swing highs and lows using the specified lookback period. Updates the latest swing high and low levels. Signal Generation: Detects when the price breaks above the last swing high (bullish) or below the last swing low (bearish). Activates potential buy/sell setups and confirms signals based on subsequent price movements. Dashboard Update: For each defined higher timeframe, assesses the market structure by checking for breakouts of swing points. Updates the dashboard with the current status for each timeframe, aiding in trend confirmation. Visualization: Colors the bars where breakouts occur. Plots buy and sell signals directly on the chart for easy identification.
Pine Script™ indicator
by undacovacobra
Delivery Volume IndicatorDelivery Volume Indicator The Delivery Volume Indicator is designed to provide insights into trading volume specifically delivered on a daily basis, scaled in lakhs (hundreds of thousands) for ease of interpretation. This tool can be especially useful for traders looking to monitor delivery-based volume changes and trends, as it helps to distinguish between bullish and bearish volume flows. Key Features: Daily Volume in Lakhs: The indicator pulls daily volume data and scales it to lakhs for more readable values. Bullish/Bearish Color Coding: The indicator color-codes volume columns to reflect market sentiment. Columns are displayed in green when the price closes higher than it opens (bullish) and in red when the price closes lower than it opens (bearish). Adjustable EMA: A customizable Exponential Moving Average (EMA) is applied to the scaled delivery volume. The EMA line, displayed in blue, helps smooth out volume trends and allows traders to adjust the period for personal strategy alignment. How to Use: Observe the delivery volume changes to track market sentiment over time. Increased bullish delivery volume could indicate accumulating interest, while increased bearish delivery volume might suggest distribution. Utilize the EMA to identify longer-term trends in delivery volume, with shorter EMA periods for quick volume shifts and longer periods for gradual trend changes. This indicator is ideal for traders seeking volume-based insights that align closely with price action.
Pine Script™ indicator
by Anmolsinghgill