Advanced Market TheoryADVANCED MARKET THEORY (AMT)
This is not an indicator. It is a lens through which to see the true nature of the market.
Welcome to the definitive application of Auction Market Theory. What you have before you is the culmination of decades of market theory, fused with state-of-the-art data analysis and visual engineering. It is an institutional-grade intelligence engine designed for the serious trader who seeks to move beyond simplistic indicators and understand the fundamental forces that drive price.
This guide is your complete reference. Read it. Study it. Internalize it. The market is a complex story, and this tool is the language with which to read it.
PART I: THE GRAND THEORY - A UNIVERSE IN AN AUCTION
To understand the market, you must first understand its purpose. The market is a mechanism of discovery, organized by a continuous, two-way auction.
This foundational concept was pioneered by the legendary trader J. Peter Steidlmayer at the Chicago Board of Trade in the 1980s. He observed that beneath the chaotic facade of ticking prices lies a beautifully organized structure. The market's primary function is not to go up or down, but to facilitate trade by seeking a price level that encourages the maximum amount of interaction between buyers and sellers. This price is "value."
The Organizing Principle: The Normal Distribution
Over any given period, the market's activity will naturally form a bell curve (a normal distribution) turned on its side. This is the blueprint of the auction.
The Point of Control (POC): This is the peak of the bell curve—the single price level where the most trade occurred. It represents the point of maximum consensus, the "fairest price" as determined by the market participants. It is the gravitational center of the session.
The Value Area (VA): This is the heart of the bell curve, typically containing 70% of the session's activity (one standard deviation). This is the zone of "accepted value." Prices within this area are considered fair and are where the market is most comfortable conducting business.
The Extremes: The thin areas at the top and bottom of the curve are the "unfair" prices. These are levels where one side of the auction (buyers at the top, sellers at the bottom) was shut off, and trade was quickly rejected. These are areas of emotional trading and excess.
The Narrative of the Day: Balance vs. Imbalance
Every trading session is a story of the market's search for value.
Balance: When the market rotates and builds a symmetrical, bell-shaped profile, it is in a state of balance . Buyers and sellers are in agreement, and the market is range-bound.
Imbalance: When the market moves decisively away from a balanced area, it is in a state of imbalance . This is a trend. The market is actively seeking new information and a new area of value because the old one was rejected.
Your Purpose as a Trader
Your job is to read this story in real-time. Are we in balance or imbalance? Is the auction succeeding or failing at these new prices? The Advanced Market Theory engine is your Rosetta Stone to translate this complex narrative into actionable intelligence.
PART II: THE AMT ENGINE - AN EVOLUTION IN MARKET VISION
A standard market profile tool shows you a picture. The AMT Engine gives you the architect's full schematics, the engineer's stress tests, and the psychologist's behavioral analysis, all at once.
This is what makes it the Advanced Market Theory. We have fused the timeless principles with layers of modern intelligence:
TRINITY ANALYSIS: You can view the market through three distinct lenses. A Volume Profile shows where the money traded. A TPO (Time) Profile shows where the market spent its time. The revolutionary Hybrid Profile fuses both, giving you a complete picture of market conviction—marrying volume with duration.
AUTOMATED STRUCTURAL DECODING: The engine acts as your automated analyst, identifying critical structural phenomena in real-time:
Poor Highs/Lows: Weak auction points that signal a high probability of reversal.
Single Prints & Ledges: Footprints of rapid, aggressive market moves and areas of strong institutional acceptance.
Day Type Classification: The engine analyzes the session's personality as it develops ("Trend Day," "Normal Day," etc.), allowing you to adapt your strategy to the market's current character.
MACRO & MICRO FUSION: Via the Composite Profile , the engine merges weeks of data to reveal the major institutional battlegrounds that govern long-term price action. You can see the daily skirmish and the multi-month war on a single chart.
ORDER FLOW INTELLIGENCE: The ultimate advancement is the integrated Cumulative Volume Delta (CVD) engine. This moves beyond structure to analyze the raw aggression of buyers versus sellers. It is your window into the market's soul, automatically detecting critical Divergences that often precede major trend shifts.
ADAPTIVE SIGNALING: The engine's signal generation is not static; it is a thinking system. It evaluates setups based on a multi-factor Confluence Score , understands the market Regime (e.g., High Volatility), and adjusts its own confidence ( Probability % ) based on the complete context.
This is not a tool that gives you signals. This is a tool that gives you understanding .
PART III: THE VISUAL KEY - A LEXICON OF MARKET STRUCTURE
Every element on your chart is a piece of information. This is your guide to reading it fluently.
--- THE CORE ARCHITECTURE ---
The Profile Histogram: The primary visual on the left of each session. Its shape is the story. A thin profile is a trend; a fat, symmetrical profile is balance.
Blue Box : The zone of accepted, "fair" value. The heart of the session's business.
Bright Orange Line & Label : The Point of Control. The gravitational center. The price of maximum consensus. The most significant intraday level.
Dashed Blue Lines & Labels : The boundaries of value. Critical inflection points where the market decides to either remain in balance or seek value elsewhere.
Dashed Cyan Lines & Labels : The major, long-term structural levels derived from weeks of data. These are institutional reference points and carry immense weight. Treat them as primary support and resistance.
Dashed Orange Lines & Labels : Marks a Poor or Unfinished Auction . These represent emotional, weak extremes and are high-probability targets for future price action.
Diamond Markers : Mark Single Prints , which are footprints of aggressive, one-sided moves that left a "liquidity vacuum." Price is often drawn back to these levels to "repair" the poor structure.
Arrow Markers : Mark Ledges , which are areas of strong horizontal acceptance. They often act as powerful support/resistance in the future.
Dotted Gray Lines & Labels : The projected daily range based on multiples of the Initial Balance . Use them to set realistic profit targets and gauge the day's potential.
--- THE SIGNAL SUITE ---
Colored Triangles : These are your high-probability entry signals. The color is a strategic playbook:
Gold Triangle : ELITE Signal. An A+ setup with overwhelming confluence. This is the highest quality signal the engine can produce.
Yellow Triangle : FADE Signal. A counter-trend setup against an exhausted move at a structural extreme.
Cyan Triangle : BREAKOUT Signal. A momentum setup attempting to capitalize on a breakout from the value area.
Purple Triangle : ROTATION Signal. A mean-reversion setup within the value area, typically from one edge towards the POC.
Magenta Triangle : LIQUIDITY Signal. A sophisticated setup that identifies a "stop run" or liquidity sweep.
Percentage Number: The engine's calculated probability of success . This is not a guarantee, but a data-driven confidence score.
Dotted Gray Line: The signal's Entry Price .
Dashed Green Lines: The calculated Take Profit Targets .
Dashed Red Line: The calculated Stop Loss level.
PART IV: THE DASHBOARD - YOUR STRATEGIC COMMAND CENTER
The dashboard is your real-time intelligence briefing. It synthesizes all the engine's analysis into a clear, concise, and constantly updating summary.
--- CURRENT SESSION ---
POC, VAH, VAL: The live values for the core structure.
Profile Shape: Is the current auction top-heavy ( b-shaped ), bottom-heavy ( P-shaped ), or balanced ( D-shaped )?
VA Width: Is the value area expanding (trending) or contracting (balancing)?
Day Type: The engine's judgment on the day's personality. Use this to select the right strategy.
IB Range & POC Trend: Key metrics for understanding the opening sentiment and its evolution.
--- CVD ANALYSIS ---
Session CVD: The raw order flow. Is there more net buying or selling pressure in this session?
CVD Trend & DIVERGENCE: This is your order flow intelligence. Is the order flow confirming the price action? If "DIVERGENCE" flashes, it is a critical, high-alert warning of a potential reversal.
--- MARKET METRICS ---
Volume, ATR, RSI: Your standard contextual metrics, providing a quick read on activity, volatility, and momentum.
Regime: The engine's assessment of the broad market environment: High Volatility (favor breakouts), Low Volatility (favor mean reversion), or Normal .
--- PROFILE STATS, COMPOSITE, & STRUCTURE ---
These sections give you a quick quantitative summary of the profile structure, the major long-term Composite levels, and any active Poor Structures.
--- SIGNAL TYPES & ACTIVE SIGNAL ---
A permanent key to the signal colors and their meanings, along with the full details of the most recent active signal: its Type , Probability , Entry , Stop , and Target .
PART V: THE INPUTS MENU - CALIBRATING YOUR LENS
This engine is designed to be calibrated to your specific needs as a trader. Every input is a lever. This is not a "one size fits all" tool. The extensive tooltips are your built-in user manual, but here are the key areas of focus:
--- MARKET PROFILE ENGINE ---
Profile Mode: This is the most fundamental choice. Volume is the standard for price-based support and resistance. TPO is for analyzing time-based acceptance. Hybrid is the professional's choice, fusing both for a complete picture.
Profile Resolution: This is your zoom lens. Lower values for scalping and intraday precision. Higher values for a cleaner, big-picture view suitable for swing trading.
Composite Sessions: Your timeframe for macro analysis. 5-10 sessions for a weekly view; 20-30 sessions for a monthly, structural view.
--- SESSION & VALUE AREA ---
These settings must be configured correctly for your specific asset. The Session times are critical. The Initial Balance should reflect the key opening period for your market (60 minutes is standard for equities).
--- SIGNAL ENGINE & RISK MANAGEMENT ---
Signal Mode: THIS IS YOUR PERSONAL RISK PROFILE. Set it to Conservative to see only the absolute best A+ setups. Use Elite or Balanced for a standard approach. Use Aggressive only if you are an experienced scalper comfortable with managing more frequent, lower-probability setups.
ATR Multipliers: This suite gives you full, dynamic control over your risk/reward parameters. You can precisely define your initial stop loss distance and profit targets based on the market's current volatility.
A FINAL WORD FROM THE ARCHITECT
The creation of this engine was a journey into the very heart of market dynamics. It was born from a frustrating truth: that the most profound market theories were often confined to books and expensive institutional platforms, inaccessible to the modern retail trader. The goal was to bridge that gap.
The challenge was monumental. Making each discrete system—the volume profile, the TPO counter, the composite engine, the CVD tracker, the signal generator, the dynamic dashboard—work was a task in itself. But the true struggle, the frustrating, painstaking process that consumed countless hours, was making them work in unison . It was about ensuring the CVD analysis could intelligently inform the signal engine, that the day type classification could adjust the probability scores, and that the composite levels could provide context to the intraday structure, all in a seamless, real-time dance of data.
This engine is the result of that relentless pursuit of integration. It is built on the belief that a trader's greatest asset is not a signal, but clarity . It was designed to clear the noise, to organize the chaos, and to present the elegant, underlying logic of the market auction so that you can make better, more informed, and more confident decisions.
It is now in your hands. Use it not as a crutch, but as a lens. See the market for what it truly is.
"The market can remain irrational longer than you can remain solvent."
- John Maynard Keynes
DISCLAIMER
This script is an advanced analytical tool provided for informational and educational purposes only. It is not financial advice. All trading involves substantial risk, and past performance is not indicative of future results. The signals, probabilities, and metrics generated by this indicator do not constitute a recommendation to buy or sell any financial instrument. You, the user, are solely responsible for all trading decisions, risk management, and outcomes. Use this tool to supplement your own analysis and trading strategy.
PUBLISHING CATEGORIES
Volume Profile
Market Profile
Order Flow
Volume Indicator
Volume Statistics - IntraweekVolume Statistics - Intraweek: For Orderflow Traders
This tool is designed for traders using volume footprint charts and orderflow methods.
Why it matters:
In orderflow trading, you care about the quality of volume behind each move. You’re not just watching price; you’re watching how much aggression is behind that price move. That’s where this indicator helps.
What to look at:
* Current Volume shows you how much volume is trading right now.
* Central Volume (median or average over 24h or 7D) gives you a baseline for what's normal volume VS abnormal volume.
* The Diff vs Central tells you immediately if current volume is above or below normal.
How this helps:
* If volume is above normal, it suggested elevated levels of buyer or seller aggression. Look for strong follow-through or continuation.
* If volume is below normal, it may signal low interest, passive participation, a lack of conviction, or a fake move.
* Use this context to decide if what you're seeing in the footprint (imbalances, absorption, traps) is actually worth acting on.
Extra context:
* The highest and lowest volume levels and their timestamps help you spot prior key reactions.
* Second and third highest bars help you see other major effort points in the recent window.
Comment with any suggestions on how to improve this indicator.
volume for vsaThis script provides a color-coded volume indicator based on relative volume levels compared to a smoothed average. It highlights ultra-high, high, and above-average volume bars, which are commonly used in Volume Spread Analysis (VSA) and general volume-based trading strategies.
Key Features:
- Real-time bar coloring to indicate:
• Ultra-high volume (red)
• High volume (yellow)
• Above-average volume (green)
• Low volume (blue)
- Dynamic volume zones plotted as shaded areas using smoothed average volume
- Adjustable smoothing parameter for average volume calculation
This tool can help traders visually detect potential supply/demand shifts or significant activity spikes that may precede price reversals or trend continuations. Designed for use alongside price-action or VSA-based chart analysis.
Moving Average Volume (20, 50)Shows two moving averages of volume, the 20 and 50 periods.
white bars in the background show volume, look for breaks of the target lines to confirm a breakout with volume
green shaded regions show how much higher the current volume is compared to historical volume
the greener the shade, the higher the multiple is (cap is 10x higher)
indicator is to be used with other breakout identifiers, or to help confirm the strength of a move out of an SAR level.
Fibonacci-Based Volume Flow (VFI)Fibonacci-based Volume Flow is an advanced next-generation evolution of LazyBear’s original VFI script that calculates and averages up to 21 Fibonacci-based VFI pairings to create a smoothed composite volume flow signal. This unique and powerful approach reduces noise, adapts to volatility, and provides a clearer view of trend strength and market structure across all timeframes. It also includes dynamic fibonacci guide levels, adaptive lookbacks, EMA crossovers, and structure-aware pivot labeling to help traders identify high-quality reversals, confirm directional bias, and detect divergences with greater precision. It's ideal for traders looking to enhance momentum analysis through volume-based confirmation.
🧠 Key Features🧠
🔹 Multi-VFI Fibonacci Fusion🔹
Blends up to 21 VFI signals (5, 13, 21, 34… up to 610) into smartly paired averages (e.g., 13/34, 55/144) — forming a smoothed composite VFI that’s more adaptive, less noisy, and highly responsive across market conditions.
🔸🔸 Dynamic Lookbacks🔸 🔸
Automatically adjusts histogram high/low tracking based on your chart’s timeframe — no more static tuning. Perfect for scalping fast charts or confirming long-term trends.
🟥🟩 Color-Coded Histogram🟥🟩
Visualizes VFI momentum with gradient coloring.
🧩🧩 Signal Crossovers 🧩🧩
Color-coded crossover lines persistently show bullish or bearish dominance.
Includes three powerful crossover systems:
➖5/13 VFI: Fast, early reversal detection
➖8/21 VFI: Swing-trading sweet spot
➖55/144 VFI: Trend confirmation across long cycles
🏷️ 🏷️Pivot Structure Labels🏷️🏷️
Labels oscillator swings with full structural logic:
➖HH, HL, LH, LL, EQ
➖Displays percent change, price at pivot, oscillator reading
➖Smart coloring detects divergence & trend continuation
📈 📈Dynamic Histogram Guides📈📈
Optional zero and ±50% bands anchor histogram levels based on real histogram extremes, not static thresholds — visually frame momentum shifts with context.
📍 📍Persistent High/Low Pivot Lines📍📍
Track the most significant histogram pivots (not price) across time, with smart labels:
➖Volume flow structure zones
➖Label shows price at pivot, oscillator level, and bars since event
➖Ideal for spotting divergence zones, momentum failures, and trend exhaustion.
🔍 🔍Volatility Table (ATR%)🔍🔍
💡Shows real-time volatility compression or expansion
💡Uses multiple ATR periods (e.g., 14 & 55) for short- and medium-term comparison
💡Helps traders understand whether momentum is likely to continue or stall
🔩🔩Volume-weighted VFI baselines🔩🔩
🟢A daily session-based VWAP of the VFI, which resets each day and highlights intraday volume flow context.
🟠A rolling VWA of VFI, which acts like a VWMA over a fixed window (e.g., 55 bars), smoothing short-term fluctuations and supporting trend/momentum confirmation.
These VWAP-style overlays help traders identify strength vs. weakness relative to volume-weighted baselines — useful for divergence spotting, mean reversion setups, or breakout confirmation.
🧰 🧰Under the Hood: How It Works🧰🧰
🔧 Core VFI Logic
Based on LazyBear’s foundational VFI:
➖Uses log returns of price (HLC3)
➖Filters insignificant moves using volatility-weighted thresholds
➖Normalizes volume via adaptive capping (e.g., 2.5× average)
🌀 Composite Blend System
Each VFI instance is smoothed and then fused via user-selectable pairs. This creates a customizable average VFI representing short, mid, and long-term pressure — one value, many time horizons.
📊 EMA Signal Layer
Crosses trigger persistent color shifts in signal lines, making trend strength clear at a glance.
VFI blend feeds into EMA crossovers. You can toggle visibility for:
➖Fast (5/13)
➖Medium (8/21)
➖Slow (55/144)
🧭 Pivot Framework
Structure logic only compares pivots on same-side polarity:
➖Highs compare to highs above zero
➖Lows compare to lows below zero
This avoids nonsensical comparisons and preserves logical sequences (HH → LH → HL).
🧱 Dynamic Labels
All pivots and persistent levels display:
➖Oscillator value
➖Price value
➖Structure tag (e.g., LH, HL)
➖% change from prior pivot
➖Lookback info
➖Bar age
Unlike traditional VFI:
✅ It blends timeframes with Fibonacci precision
✅ Uses dynamic, volatility-aware logic
✅ Embeds visual structure & divergence intelligence
✅ Enhances entry confidence and exit timing
🔧 This isn’t just an indicator — it’s a volume-informed decision engine.
Ideal For:
🔶Trend-followers wanting cleaner volume-based confirmation
🔶Reversal traders spotting structure + divergence
🔶Scalpers or investors needing adaptable signals
🔶Those who loved LazyBear's VFI
📌 Final Note:
As powerful as Fibonacci Blended Volume Flow is, no single indicator should be used in isolation. For best results, combine it with price action analysis, higher-timeframe context, and complementary tools like trendlines, moving averages, or support/resistance levels. Use it as part of a well-rounded trading approach to confirm setups — not to define them alone.
Dollar Volume + SD [ZTD]### So, What's the Big Deal with SD Dollar Volume?
TL:DR
What you see:
1. $ Volume = (Price * Volume) / 1M (we divide it by 1M by default so you don't have to look at 12 digits but you can select between 100k/1M/10M)
2. User selected M.A. period with difference sources
3. Up to 4 Standard Deviation from that M.A.
4. Color coded (explained below)
That's it, no fancy useless multi color rainbows. Functional, bringing depth and clarity to your analysis based on reality not optical illusion.
--------------
The Long version
You know how we've always looked at volume? It's a classic, but it's got a blind spot. A million shares traded when a stock is at $10 is a completely different ballgame from a million shares traded when it's at $200. The first is $10M in action; the second is $200M. Traditional volume treats them the same, but they are not the same story.
That's the whole idea behind the **Dollar Volume Standard Deviation (SD $VVOLUME)** indicator. Instead of just counting shares, it tracks the **actual dollar amount** ( also refered as Dollar Volume) changing hands. This gives you a much clearer picture of the real financial power behind a price move. It helps you see when the "big money" is truly stepping in or backing off.
Think about it this way: after a 20% drop on earnings, you might see a 10% volume increase and think, "Wow, buyers are stepping in!" But if you look at the *value traded*, it might actually be lower than the day before because the share price is so much cheaper. This indicator cuts through that noise.
What about that smaller stock you bought that suddenly doubles in prices in a matter of months. Do you really thing the volume you are looking at carries any meaning anymore?
On longer time frame? Think about Volume traded vs Value Traded on NVDA for example. Looking at volume alone on those charts is absolutely meaningless. I even wonder why volume alone ever existed in the first place as an indicator.
### How to Use It in Your Trading
This isn't just theory; here’s how you can actually use it to make better decisions.
#### Reading the Indicator
The indicator is designed to be visual and intuitive. Here’s what you're looking at:
* **The Bars:** Each bar on the indicator represents the total dollar value traded during that period. Bigger bar, more money moved.
* **The White Line:** This is your baseline—the moving average of the value traded. It shows you the normal level of money flow for that stock.
* **Bar Colors (The Important Part):**
* **Direction:** **Green** means the stock closed higher in that period. **Red** means it closed lower. Simple enough.
* **Intensity:** This is the real magic. The brightness or intensity of the color tells you how significant that money flow was. A dull, faded bar means the value traded was pretty average. A **bright, intense bar** means the value was way above normal (usually 1 or 2 standard deviations away from the average). *That's* when you need to pay attention.
#### Actionable Signals for Your Strategy
* **Spotting High-Conviction Moves:** When you see a bright, intense red or green bar that towers over the others, that's a signal of major conviction. Big players are making a decisive move, either buying up everything in sight or dumping their positions. This is your cue that something significant is happening.
* **Confirming a Trend's Strength:** Are you in a strong uptrend? Look for a consistent pattern of bright green bars. This tells you that significant capital is flowing in to support the rising price. It's confirmation that the trend has legs.
* **Catching a Weakening Trend (Divergence):** This is a powerful one. Imagine the stock price is grinding out new highs, but on the SD
V
VOLUME
indicator, the bars are getting smaller and less intense. That's a major red flag. It shows that even though the price is inching up, the real money isn't following. There's no conviction, and the trend could be about to reverse.
* **Gauging Liquidity:** If the bars are consistently low and dull, it's a sign that interest in the stock is drying up. It's a good way to spot illiquid conditions and avoid getting trapped in a stock that's hard to get out of.
Ultimately, SD SEED_YASHALGO_NSE_BREADTH:VOLUME helps you see the market from a different angle. It's not just about the noise of shares being traded; it's about following the money.
ATR 5 min- FOREX + XAUThis indicator displays the Average True Range (ATR) over the last 20 candles, calculated using the 5-minute timeframe, regardless of the chart timeframe you're currently viewing.
It supports:
All major forex pairs
XAUUSD (Gold), with ATR displayed in full dollars
Key Features
Always reflects 5-minute volatility
Accurate pip scaling:
JPY pairs = 1 pip = 0.01
Other forex pairs = 1 pip = 0.0001
XAUUSD = 1 pip = 1.00 (i.e., full dollar)
Clean and minimal top-right table display
Automatically adapts based on the instrument you're viewing
Helps traders gauge recent market volatility across timeframes
This is an ideal tool for scalpers, intraday traders, or swing traders who want to monitor short-term volatility conditions from any timeframe view.
10-Bar Breakout + Volume + Adjustable Target(Mastersinnifty)Description
This indicator identifies potential breakout opportunities from short-term price congestion zones, confirmed with volume. It dynamically highlights breakout signals and plots corresponding price targets using adjustable parameters.
How It Works
Calculates the highest high and lowest low over the past N bars (default: 10) to define a congestion range.
Confirms a breakout only if volume exceeds the average (SMA or EMA) by a user-defined multiplier.
Plots arrows for Buy or Sell signals based on breakout direction.
Sets a price target using a configurable multiple of the congestion range.
Highlights breakout bars with subtle background colors.
Optionally displays the calculated volume threshold for reference.
Inputs
Congestion Bar Count : Number of bars to define the congestion range.
Volume Multiplier : Volume must exceed this multiple of average volume.
Volume MA Type : Select between SMA or EMA for volume calculation.
Target Multiplier : Controls how far the price target is from the breakout level.
Use Case
Identify high-probability breakout opportunities with volume confirmation.
Set dynamic price targets based on recent market structure.
Avoid entries during low-volume or false breakout conditions.
Disclaimer
This script is for educational and analytical purposes only. Use appropriate risk management and test any strategy thoroughly before using it in live trading.
Previous VWAP Levels by Riotwolftrading The "Previous VWAP" indicator calculates and displays the previous session's Volume Weighted Average Price (VWAP) for five timeframes (Daily, Weekly, Monthly, Quarterly, Yearly).
Each VWAP is plotted as a horizontal line extending to the right edge of the chart, with customizable labels at the right to identify each level. The indicator is designed for traders who want to visualize key price levels from prior periods without cluttering the chart with current VWAPs or additional metrics like standard deviations.
**Functionality**:
- **Calculates Previous VWAPs**: Computes the VWAP for the previous session of each timeframe (Daily, Weekly, Monthly, Quarterly, Yearly) based on the input source (default: `hlc3`) and volume.
- **Visual Style** : Uses `line.new` to draw horizontal lines from five bars back to the current bar, ensuring the lines extend to the right edge of the chart. Labels are placed at the right edge using `label.new` for clear identification.
- **Customization** : Allows users to toggle visibility, adjust line styles, widths, colors, and label sizes, and choose between abbreviated or full label text.
- **Minimalist Design**: Focuses solely on previous VWAPs, omitting current VWAPs, rolling VWAPs, and standard deviation bands to keep the chart clean.
**Intended Use**: This indicator is useful for traders who rely on historical VWAP levels as support/resistance or reference points for trading decisions, particularly in strategies involving mean reversion or breakout trading.
---
### Rules and Features
*VWAP Calculation**:
- The VWAP is calculated as the cumulative sum of price (`src`) multiplied by volume (`sumSrcVol`) divided by the cumulative volume (`sumVol`) for each timeframe.
- The "previous VWAP" is the VWAP value from the prior session, captured when a new session begins (e.g., new day, week, month, etc.).
- The indicator uses the `hlc3` (average of high, low, close) as the default source, but users can modify this in the settings.
**Timeframes**:
- **Daily**: Previous day's VWAP.
- **Weekly**: Previous week's VWAP.
- **Monthly**: Previous month's VWAP.
- **Quarterly**: Previous quarter's VWAP (3 months).
- **Yearly**: Previous year's VWAP (12 months).
- New sessions are detected using `ta.change(time(period))` for each timeframe.
**Line Drawing**:
- Lines are drawn using `line.new` from `time ` (five bars back) to the current bar (`time`), ensuring they extend to the right edge of the chart.
- Lines are updated only on the last confirmed bar (`barstate.islast`) to optimize performance and avoid repainting.
- Previous lines are deleted (`line.delete`) to prevent overlapping or clutter.
**Labels**:
- Labels are drawn at the right edge (`x=time`, `xloc=xloc.bar_time`) with `label.new`.
- Users can choose between abbreviated labels (e.g., "pvD" for Previous Daily VWAP) or full labels (e.g., "Prev Daily VWAP").
- Label sizes are customizable (`tiny`, `small`, `normal`, `large`, `huge`).
- Labels are deleted (`label.delete`) on each update to maintain a clean chart.
5. **Customization Options**:
- **Visibility**: Toggle each VWAP (Daily, Weekly, Monthly, Quarterly, Yearly) on or off.
- **Colors**: Individual color settings for each VWAP line and label (default colors: Daily=#E12D7B, Weekly=#F67B52, Monthly=#EDCD3B, Quarterly=#3BBC54, Yearly=#2665BD).
- **Line Style**: Choose from `solid`, `dotted`, or `dashed` lines.
- **Line Width**: Adjustable from 1 to 4 pixels.
- **Label Settings**: Enable/disable labels, abbreviate text, and select label size.
- **Source**: Customize the price source (default: `hlc3`).
**Performance Optimization**:
- The indicator only updates lines and labels on the last confirmed bar to minimize computational overhead.
- Uses `var` to initialize variables and avoid unnecessary recalculations.
- Deletes previous lines and labels to prevent chart clutter.
---
### Usage Instructions
1. **Add to Chart**:
- In TradingView, go to the Pine Editor, paste the script, and click "Add to Chart."
- The indicator will overlay on the price chart, showing previous VWAP lines and labels.
2. **Configure Settings**:
- Open the indicator settings to customize:
- Toggle visibility of each VWAP timeframe.
- Adjust colors, line style, and width.
- Enable/disable labels, choose abbreviation, and set label size.
- Modify the source if needed (e.g., use `close` instead of `hlc3`).
3. **Interpretation**:
- **Previous VWAPs**: Act as dynamic support/resistance levels based on the prior session's volume-weighted price.
- **Timeframes**: Use shorter timeframes (Daily, Weekly) for intraday/swing trading, and longer timeframes (Monthly, Quarterly, Yearly) for positional trading.
- **Labels**: Identify each VWAP level at the right edge of the chart for quick reference.
4. **Best Practices**:
- Use on charts with sufficient volume data, as VWAP relies on volume (a warning is triggered if no volume data is available).
- Combine with other indicators (e.g., moving averages, RSI) for confirmation in trading strategies.
- Adjust line styles and colors to avoid visual overlap with other chart elements.
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### Example Use Case
A trader using a 1-hour chart can add the "Previous VWAP" indicator to identify key levels from the prior day, week, or month. For example:
- The Previous Daily VWAP might act as a support level for a bullish trend.
- The Previous Weekly VWAP could serve as a target for a swing trade.
- Labels at the right edge make it easy to identify these levels without cluttering the chart.
This indicator provides a clean, customizable way to visualize previous VWAPs, making it ideal for traders who want historical price context with minimal chart noise. For the complete Pine Script code, refer to the artifact provided in the previous response.
Volume Peak BoxTH Description
Volume Peak Box
อินดิเคเตอร์นี้ใช้ตรวจจับช่วงที่มี Volume สูงผิดปกติ โดยใช้ Bollinger Band กับข้อมูล Volume ที่ดึงจาก Timeframe ที่ล็อกไว้ (เช่น 1 ชั่วโมง) และจะแสดงผลในรูปแบบ กล่องครอบช่วงราคาสูง–ต่ำ ของช่วง Volume Peak นั้น
🔧 วิธีทำงาน:
คำนวณ Bollinger Band จาก Volume ของ Timeframe ที่กำหนด
ถ้า Volume สูงกว่า Upper Band → ถือว่าเป็น Volume Peak
วาดกล่องครอบ High–Low ของแท่งที่อยู่ในช่วง Volume Peak
กล่องจะแสดงบนทุก Timeframe แต่ใช้ข้อมูลจาก Timeframe ที่ล็อกไว้เท่านั้น
🧠 เหมาะสำหรับการดู:
โซน Breakout
การเคลื่อนไหวของสถาบัน
ความไม่สมดุลของอุปสงค์/อุปทาน
เหมาะมากหากใช้ร่วมกับการอ่านพฤติกรรมราคาใน Timeframe ย่อย เพื่อดูปฏิกิริยาราคาต่อแรง Volume จาก Timeframe ใหญ่
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ENG Description
Volume Peak Box
This indicator detects volume spikes based on Bollinger Bands applied to volume from a locked timeframe (e.g. 1H), and draws a box around the price range during those peak periods.
🔧 How it works:
Calculates Bollinger Bands on volume from the selected timeframe.
If volume exceeds the upper band, it is marked as a volume peak.
When a volume peak starts and ends, the indicator draws a box covering the high–low price range during that period.
These boxes remain visible on all timeframes, but always reflect data from the locked timeframe.
🧠 Great for identifying:
Breakout zones
Institutional activity
Supply/demand imbalances
Tip: Use with lower timeframe price action to see how the market reacts near volume peaks from higher timeframes.
Heikin Ashi VolumeHeikin Ashi candles decrease market noise so that broader trends can be more easily visualized. In a typical chart utilizing Heikin Ashi candles, volume bars are colored in such a way that they also allow for the visualization of trends during a bullish/bearish move.
The Heikin Ashi Volume indicator allows the trader to continue to use the same volume bar coloring technique to visualize trends without having to utilize the Heikin Ashi candles, since a Heikin Ashi candle’s OHLC values are not true prices but instead based on calculations in order to provide the ‘denoising’ effect they are known for.
In addition to providing the Heikin Ashi Volume coloring effects, the Heikin Ashi Volume indicator also allows the user to set a volume threshold level where the bar colors will be darker unless volume is beyond that threshold, helping traders quickly determine if there is enough participation in the market at that time to justify taking risk in a trade when the market isn’t very active. The user has the option to show or hide the threshold line, change the colors of the bullish/bearish colors (for both above and below threshold volumes) and the option for the indicator to gradually brighten the bar colors are they approach the threshold instead of having a clear line of demarcation showing volume above or below the set threshold.
Volume Bars - Shubhashish DixitThis helps you to identify volume based on your given period and it solves the issues which we are unable to see units in the main bar of Volume default chart
Market DashboardMarket Dashboard — All-in-One Technical Indicator Panel
The Market Dashboard is a powerful visual tool that consolidates key technical indicators into a single on-chart table, helping traders make faster and more informed decisions. This script includes:
RSI — Detects overbought and oversold market conditions
MACD — Shows trend momentum and crossover signals
CVD (Cumulative Volume Delta) — Highlights buyer vs. seller pressure
Volume Analysis — Flags unusually high volume
ATR (Average True Range) — Displays current market volatility
Session Detector — Automatically identifies ASIAN, LONDON, or NEW YORK sessions based on UTC time
Fully Customizable — Adjust table position and text size to fit your chart layout
Designed for traders who want a clean, real-time snapshot of market dynamics, directly on the chart.
Two colored Up/Down Volume Bars with volume delta plotsThis shows Volume Up/Down via 2 colored volume bars !
The delta is in bar plot is the difference between 2 colors.
I found histogram with +ve and -ve values not visually appealing to me. So had to do this method.
Note: Currently TV does not have native U/D function call and has to done via imported v8 library.
The method of up down remain unchanged, and is as it is in the library.
Method.
The 2 colors in colume bars show which side has more pressure. The top portion is the dominant force and the bottom color is the weaker force in that bar.
Line chars are also available via toggle.
Cumulative line chart shows the pressure building over inputted number of days. When the line is facing down, the pressure is easing down and when the line is facing up the pressure is building up. When the lines intersect, that is a trend change direction.
2 line charts are available, cumulative line plot and smoothened line plot.
Comments suggestions are welcome.
VOLUME Simple [Titans_Invest]VOLUME Simple
A streamlined volume analysis tool crafted for simplicity and smart signal detection.
Although simple in appearance, this indicator brings intelligent volume-based entries through configurable logic. Its design emphasizes clean and effective interpretation of volume signals.
⯁ WHAT IS THE VOLUME INDICATOR❓
The Volume indicator is a fundamental technical analysis tool that measures the number of shares or contracts traded in a security or market during a given period. It helps traders and investors understand the strength or weakness of a price movement, confirm trends, and predict potential reversals. Volume is typically displayed as a histogram below a price chart, with each bar representing the volume traded during a specific time interval.
⯁ HOW TO USE THE VOLUME❓
The Volume indicator can be used in several ways to enhance trading decisions:
• Trend Confirmation: High volume during a price move confirms the strength of that trend, while low volume can indicate a weak or unsustainable trend.
• Breakouts: A price breakout from a pattern or range accompanied by high volume is more likely to be valid and sustainable.
• Divergence: When the price moves in one direction and volume moves in the opposite direction, it can signal a potential reversal.
• Overbought/Oversold Conditions: Extreme volume levels can sometimes indicate that an asset is overbought or oversold, though this is less straightforward than with oscillators like the RSI.
⯁ ENTRY CONDITIONS
The conditions below are fully flexible and allow for complete customization of the signal.
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🔹 CONDITIONS TO BUY 📈
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▪︎ Signal Validity: The signal will remain valid for X bars .
🔹 volume > volume_MA * Trigger Signal (close > open)
🔹 volume > volume_MA * Trigger Signal (Keep State)
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🔸 CONDITIONS TO SELL 📉
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▪︎ Signal Validity: The signal will remain valid for X bars .
🔸 volume > volume_MA * Trigger Signal (close > open)
🔸 volume > volume_MA * Trigger Signal (Keep State)
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🤖 AUTOMATION 🤖
• You can automate the BUY and SELL signals of this indicator.
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⯁ UNIQUE FEATURES
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Signal Validity: The signal will remain valid for X bars
Condition Table: BUY/SELL
Condition Labels: BUY/SELL
Plot Labels in the Graph Above: BUY/SELL
Automate and Monitor Signals/Alerts: BUY/SELL
Signal Validity: The signal will remain valid for X bars
Table of Conditions: BUY/SELL
Conditions Label: BUY/SELL
Plot Labels in the graph above: BUY/SELL
Automate & Monitor Signals/Alerts: BUY/SELL
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📜 SCRIPT : VOLUME Simple
🎴 Art by : @Titans_Invest & @DiFlip
👨💻 Dev by : @Titans_Invest & @DiFlip
🎑 Titans Invest — The Wizards Without Gloves 🧤
✨ Enjoy!
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o Mission 🗺
• Inspire Traders to manifest Magic in the Market.
o Vision 𐓏
• To elevate collective Energy 𐓷𐓏
Buyer/Seller Zone (Simplified Version)📌 Indicator: Buyer/Seller Zone (Simplified Version)
This indicator is designed to highlight potential areas of strong buyer or seller activity based on advanced volume and volatility analysis. It identifies key candles that exhibit anomalous behavior — those standing out from typical market noise — and marks them as potential interest zones.
🔍 What it does:
Detects candles with unusually high volume (anomalies).
Filters them further based on strong price movement (volatility).
Marks bullish and bearish zones using customizable visuals: area, circle, or diamond.
Provides optional alerts when a buyer/seller signal is detected.
💡 How to use:
Use this tool to identify potential reversal or continuation zones.
Zones may act as strong support/resistance areas.
Some levels are more significant than others — do not trade every level blindly. Combine with your own analysis or wait for a retest/confirmation before entry.
⚙️ Customization:
Volume filter threshold
Volatility sensitivity
Visualization type, size, and transparency
🚨 Alerts: Set alerts for bullish, bearish, or any signal type.
🇰🇷 Kim'in Kim'out — Korean Premium TrackerKim’in Kim’out is a premium-tracking TradingView indicator that reveals Korean market sentiment by comparing real-time asset prices on Upbit (KRW) and Binance (USDT).
It detects when Korean traders are spot accumulating (Kim’in) or spot distributing (Kim’out) — enhanced by volume confirmation and trend context.
Perfect for crypto scalpers, swing traders, and arbitrage hunters.
⚙️ How It Works
Kimchi Premium: Measures how much more (or less) Koreans are paying on Upbit compared to Binance.
Volume Confirmation: Filters signals by comparing Upbit volume vs its moving average.
Signal Logic:
🔼 Kim’in: Premium exceeds the buy threshold + high volume
🔽 Kim’out: Premium drops below the sell threshold + high volume
Trend Context: Premium trend line gives insight into sustained interest/disinterest.
🎛️ Settings Overview
Input Description
Select Cryptocurrency Choose from supported coins (BTC, ETH, SOL, etc.)
Buy Threshold (%) How high the premium must be to trigger a Kim’in signal
Sell Threshold (%) How low the premium must be to trigger a Kim’out signal
Volume MA Period The number of candles for volume average
Volume Multiplier Volume spike ratio needed to confirm a signal
Show Info Table Toggle detailed premium stats in a side panel
Show Premium Zones Visual background zones (green/red/yellow)
Debug Mode Shows extra signals that trigger without volume confirmation
✅ How to Use It
Add the indicator to any chart (e.g. BTC/USDT)
Choose a coin from the dropdown (BTC, ETH, etc.)
Watch for:
Green Triangle Up (Kim’in) = Korean spot buy pressure confirmed
Red Triangle Down (Kim’out) = Korean selloff or disinterest
Use the Info Table (top-right) to see:
Premium %
Volume confirmation
Real-time KRW-USD exchange rate
Upbit vs Binance price comparison
Set Alerts:
Right-click on a signal → Add Alert on "Kim’in" or "Kim’out"
Or use the prebuilt alertconditions
🔔 Alert Messages
🇰🇷 Korean Premium BUY signal detected → Kim’in
🇰🇷 Korean Premium SELL signal detected → Kim’out
🧪 Best Practices
Use on 1H or 4H timeframe for best results
Confirm with broader market structure or confluence tools
Spot divergences between Binance and Upbit to predict regional flow shifts
🚫 Limitations
Works only with coins that have both Binance USDT & Upbit KRW pairs
Premium may be delayed by low liquidity or FX rate fluctuations (USDKRW)
Not suitable for lowcaps not listed on Upbit
Created by UKMC Crypto
HeatVOLFirst and foremost, credit goes to xdecow and his great work in the Heatmap Volume indicator. I copied it to make some changes that I wanted (mainly being able to color the volume bars and candlesticks independently).
Overview:
HeatVOL uses statistical analysis to instantly identify significant volume anomalies. By calculating Z-scores (standard deviations from the moving average), it creates a visual heatmap that highlights unusual market activity in real-time. Both candlesticks and volume bars are color-coded based on customizable thresholds, making volume surges immediately visible.
🎨 Visual Heatmap System
- Color-coded candlesticks and volume bars based on volume intensity
- Five threshold levels: Extra High (4σ), High (2.5σ), Medium (1σ), Normal (-0.5σ), and Low
- Multiple display modes: backgrounds, lines, or both
- Customizable colors for all threshold levels
🔔 Smart Alerts
- Set alerts for any threshold level
- Separate alerts for up/down volume bars
- Monitor unusual volume activity across multiple instruments
Use Cases:
- Identify institutional activity and large player participation
- Spot potential breakouts or reversals with volume confirmation
- Monitor volume climax and exhaustion patterns
- Analyze volume trends across different timeframes
Volume Heatmap ProVolume Heatmap Pro - Statistical Volume Analysis Indicator
First and foremost, credit goes to xdecow. You can find the original indicator here:
I forked this indicator to make some changes that I wanted (mainly being able to color the volume bars and candlesticks independently).
Overview:
Volume Heatmap Pro is an advanced volume analysis tool that uses statistical analysis to identify significant volume anomalies in real-time. By calculating how many standard deviations the current volume is from its moving average (Z-score), it provides a visual heatmap that instantly highlights unusual volume activity.
Key Features:
📊 Statistical Volume Analysis
- Measures volume using Z-score calculations (standard deviations from mean)
- Dynamically adapts to each instrument's unique volume profile
- Identifies statistically significant volume spikes and drops
🎨 Visual Heatmap System
- Color-coded candlesticks and volume bars based on volume intensity
- Five threshold levels: Extra High (4σ), High (2.5σ), Medium (1σ), Normal (-0.5σ), and Low
- Multiple display modes: backgrounds, lines, or both
- Customizable colors for all threshold levels
⚙️ Flexible Configuration
- Adjustable moving average and standard deviation lengths (default: 610)
- Two color modes: Heatmap (volume-only) or Up/Down (volume + direction)
- Volume bar opacity control
🔔 Smart Alerts
- Set alerts for any threshold level
- Separate alerts for up/down volume bars
- Monitor unusual volume activity across multiple instruments
Use Cases:
- Identify institutional activity and large player participation
- Spot potential breakouts or reversals with volume confirmation
- Monitor volume climax and exhaustion patterns
- Analyze volume trends across different timeframes
- Validate price movements with statistical volume analysis
Perfect For:
Day traders, swing traders, VPA traders, and investors who want to add visual confirmation to their volume analysis and quickly identify when "smart money" is active in the market.
Liquidity Trap Zones [PhenLabs]📊 Liquidity Trap Zones
Version: PineScript™ v6
📌 Description
The goal of the Liquidity Trap Zones indicator is to try and help traders identify areas where market liquidity appears abundant but is actually thin or artificial, helping traders avoid potential fake outs and false breakouts. This advanced indicator analyzes the relationship between price wicks and volume to detect “mirage” zones where large price movements occur on low volume, indicating potential liquidity traps.
By highlighting these deceptive zones on your charts, the indicator helps traders recognize where institutional players might be creating artificial liquidity to trap retail traders. This enables more informed decision-making and better risk management when approaching key price levels.
🚀 Points of Innovation
Mirage Score Algorithm: Proprietary calculation that normalizes wick size relative to volume and average bar size
Dynamic Zone Creation: Automatically generates gradient-filled zones at trap locations with ATR-based sizing
Intelligent Zone Management: Maintains clean charts by limiting displayed zones and auto-updating existing ones
Scale-Invariant Design: Works across all assets and timeframes with intelligent normalization
Real-Time Detection: Identifies trap zones as they form, not after the fact
Volume-Adjusted Analysis: Incorporates tick volume when available for more accurate detection
🔧 Core Components
Mirage Score Calculator: Analyzes the ratio of price wicks to volume, normalized by average bar size
ATR-Based Filter: Ensures only significant price movements are considered for trap zone creation
EMA Smoothing: Reduces noise in the mirage score for clearer signals
Gradient Zone Renderer: Creates visually distinct zones with multiple opacity levels for better visibility
🔥 Key Features
Real-Time Trap Detection: Identifies liquidity mirages as they develop during live trading
Dynamic Zone Sizing: Adjusts zone height based on current market volatility (ATR)
Smart Zone Management: Automatically maintains a clean chart by limiting the number of displayed zones
Customizable Sensitivity: Fine-tune detection parameters for different market conditions
Visual Clarity: Gradient-filled zones with distinct borders for easy identification
Status Line Display: Shows current mirage score and threshold for quick reference
🎨 Visualization
Gradient Trap Zones: Purple gradient boxes with darker centers indicating trap strength
Mirage Score Line: Orange line in status area showing current liquidity quality
Threshold Reference: Gray line showing your configured detection threshold
Extended Zone Display: Zones automatically extend forward as new bars form
📖 Usage Guidelines
Detection Settings
Smoothing Length (EMA) - Default: 10 - Range: 1-50 - Description: Controls responsiveness of mirage score. Lower values make detection more sensitive to recent price action
Mirage Threshold - Default: 5.0 - Range: 0.1-20.0 - Description: Score above this level triggers trap zone creation. Higher values reduce false positives but may miss subtle traps
Filter Settings
ATR Length for Range Filter - Default: 14 - Range: 1-50 - Description: Period for volatility calculation. Standard 14 works well for most timeframes
ATR Multiplier - Default: 1.0 - Range: 0.0-5.0 - Description: Minimum bar range as multiple of ATR. Higher values filter out smaller moves
Display Settings
Zone Height Multiplier - Default: 0.5 - Range: 0.1-2.0 - Description: Controls trap zone height relative to ATR. Adjust for visual preference
Max Trap Zones - Default: 5 - Range: 1-20 - Description: Maximum zones displayed before oldest are removed. Balance clarity vs. history
✅ Best Use Cases
Identifying potential fakeout levels before entering trades
Confirming support/resistance quality by checking for liquidity traps
Avoiding stop-loss placement in trap zones where sweeps are likely
Timing entries after trap zones are cleared
Scalping opportunities when price approaches known trap zones
⚠️ Limitations
Requires volume data - less effective on instruments without reliable volume
May generate false signals during news events or genuine volume spikes
Not a standalone system - combine with price action and other indicators
Zone creation is based on historical data - future price behavior not guaranteed
💡 What Makes This Unique
First indicator to specifically target liquidity mirages using wick-to-volume analysis
Proprietary normalization ensures consistent performance across all markets
Visual gradient design makes trap zones immediately recognizable
Combines multiple volatility and volume metrics for robust detection
🔬 How It Works
1. Wick Analysis: Calculates upper and lower wicks for each bar. Normalizes by average bar size to ensure scale independence
2. Mirage Score Calculation: Divides total wick size by volume to identify thin liquidity. Applies EMA smoothing to reduce noise. Scales result for optimal visibility
3. Zone Creation: Triggers when smoothed score crosses threshold. Creates gradient boxes centered on trap bar. Sizes zones based on current ATR for market-appropriate scaling
💡 Note: Liquidity Trap Zones works best when combined with traditional support/resistance analysis and volume profile indicators. The zones highlight areas of deceptive liquidity but should not be the sole factor in trading decisions. Always use proper risk management and confirm signals with price action.
THF Crossover and Trend Signals Golden & Death Cross with VolumeScript Overview:
This Pine Script is designed to assist traders in identifying key buy/sell signals and major trend changes on the chart using Exponential Moving Averages (EMA) and Simple Moving Averages (SMA), as well as visualizing Golden Cross and Death Cross events. The script also includes a volume indicator to highlight the volume trading activity in relation to the price movements.
Key Features:
1. Moving Averages:
EMA 21: Exponential Moving Average over a 21-period, shown in green.
EMA 50: Exponential Moving Average over a 50-period, shown in yellow.
SMA 50: Simple Moving Average over a 50-period, shown in red.
SMA 200: Simple Moving Average over a 200-period, shown in blue.
2. Signals:
Buy Signal: Generated when EMA 21 crosses above SMA 50, indicating a potential upward trend. Displayed with a green label below the price bar.
Sell Signal: Generated when EMA 21 crosses below SMA 50, indicating a potential downward trend. Displayed with a red label above the price bar.
3. Golden Cross (Bullish Trend):
A Golden Cross occurs when EMA 50 crosses above SMA 200, which often signals the start of a long-term upward trend. The signal is displayed with a yellow label below the price bar.
4. Death Cross (Bearish Trend):
A Death Cross occurs when EMA 50 crosses below SMA 200, which often signals the start of a long-term downward trend. The signal is displayed with a blue label above the price bar.
5. Volume Indicator:
The volume is plotted as colored columns. Green indicates higher volume than the 20-period moving average, and red indicates lower volume.
A Volume Moving Average (SMA 20) is also plotted to compare volume changes over time.
How the Script Works:
1. The EMA and SMA lines are plotted on the chart, providing a visual representation of the short- and long-term trends.
2. Buy/Sell signals are triggered based on the crossover between EMA 21 and SMA 50, helping to identify potential entry and exit points.
3. The Golden Cross and Death Cross indicators highlight major trend reversals based on the crossover between EMA 50 and SMA 200, providing clear visual cues for long-term trend changes.
4. Volume is displayed alongside price movements, offering insight into the strength or weakness of a trend.
Key Customizations:
Moving Average Periods: Users can modify the lengths of the EMAs and SMAs for customized analysis.
Volume Moving Average Period: The script allows for adjustment of the volume moving average period to suit different market conditions.
Signal Visibility: The size and color of the buy, sell, Golden Cross, and Death Cross signals can be easily customized to make them more prominent on the chart.
Conclusion:
This script is ideal for traders looking to combine price action with volume analysis, using key technical indicators such as EMA, SMA, Golden Cross, and Death Cross to make informed decisions in trending markets.
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This explanation covers all aspects of the script and provides a clear understanding of its functionality, which is helpful for sharing the script or using it as an educational resource.
