Volume Indicator
Zigzag Volume BarsBack to my favourite topic - Zigzags.
Here is an indicator which can help you visualise volume data on Zigzag swing highs and lows.
Settings are pretty simple and provides variety of display options
Display options are as demonstrated in the chart has following main types.
Regular
Plus/Minus - Stacked
Plus/Minus - Overlapping
Plus/Minus - Opposite Sides
Apart from the main display types, stacked display has several sub-types which determine whether to place green bar below red or the other way around.
Snapshot below shows example of each type.
Candle Color by VolumeA simple but effective indicator that paints candles with different shades of colors based on the volume transacted.
-> Supports 6 levels of sensitivity at present. Might enhance the granularity later.
-> Darkest indicates the most volume transacted. Lightest, the least. Change it around however you see fit and based on your theme.
-> Use it for your Volume Spread Analysis and/or in conjunction with any other strategies that you employ.
-> Note that the volume ratio is calculated relative to the average volume of the last n candles ( EMA 20 by default).
Koalafied RVWAPThis indicator shows both the Rolling VWAP and Standard Deviations as set by the user. The Rolling VWAP calculation is similar to the standard VWAP although it calculates the volume weighted average price over the specified period of time (lookback), resetting for each subsequent bar.
The unique aspect of this indicator is that instead of calculating the RVWAP over the current timeframes lookback period, the option is available to select a High-Time-Frame setting instead.
This has two different methods of calculation
1 - Based on HTF security requests (both repainting and non-repainting)
2 - Automatic calculation of number of current timeframe bars that make up the HTF lookback period (smoother and non-repainting plot)
Additionally a smooth function is included for the HTF input setting.
BankNifty - OBVThis script tries to draw OBV for BankNifty using Futures Volume along with Average OBV. For Nifty50 just change the Futures Volume symbol in settings. Look at devations in Price vs OBV or Average OBV breakout.
NSE:NIFTY
NSE:BANKNIFTY
Customizable Volume DetailsThis script allows you to gain insight into volume such as differentiating between buy and sell volume, 30 day average, 30 bar average, and more.
Volume Surge indicatorThis indicator highlight candles when Volume surge "X" times in compare of last "n" candle.
It helps you to find moments of market which Volatility and Position volumes raise significantly.
In other words, It shows footstep of "Big Banks" or "Whales" or other Giants ;)
- default value highlight candles when Volume is 2 time more than average of last 30 candle. But you can modify both values in your favor.
* You can set Alarm for notifying in advance when Volume surge happened on any chart.
I hope you guys find it helpful and handy
Goethe B - Mutiple Leading Indicator PackageGoethe B is an Indicator Package that contains multiple leading and lagging indicators.
The background is that shows the local trend is calculated by either two Moving Averages or by a Kumo Cloud. By default the Kumo Cloud calculation is used.
What is the main oscillator?
- The main oscillator is TSV, or time segmented volume. It is one of the more interesting leading indicators.
What is the top bar?
-The top bar shows a trend confirmation based on the wolfpack ID indicator.
What are those circles on the second top bar?
-Those are Divergences of an internally calculated PVT oscillator. Red for Regular-Bearish, Green for Regular-Bullish.
What are those circles on the main oscillator?
-These are Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish.
What are those circles on the second lower bar?
-Those are Divergences of an internally calculated CCI indicator. Red for Regular-Bearish, Green for Regular-Bullish.
What is the lower bar?
-The lower bar shows a trend confirmation based on the Acceleration Oscillator, in best case it showes how far in the trend the current price action is.
What are those orange or aqua squares?
- These are TSI (true strength indicator) entry signals . They are calculated by the TSI entry signal, the TSI oscillator threshold.
Most settings of the indicator package can be modified to your liking and based on your chosen strategy might have to be modified. Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
Goethe A - Multiple Leading Indicator PackageGoethe A is an Indicator Package that contains multiple leading and lagging indicators.
The background is that shows the local trend is calculated by either two Moving Averages or by a Kumo Cloud. By default the Kumo Cloud calculation is used.
What are those circles?
-These are OBV (or VPT, can be set in the options) Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish.
What this middle line?
-The middle line is calculated by a smoothed Heikin-Ashi indicator. I can be used as a dynamic zone of support and resistance. Many times this indicator is used as entry signal giver in trend following strategies.
What are those background lines?
-The background contains a simple Daily Pivots indicator. This indicator can be read as zones of Support and Resistance that updated based on the used timeframe.
What is this smaller thin grey line?
-This is a very simple Stoploss indicator based on Donchian Channels. The trade direction is based and calculated by the local trend (background color)
What are those small orange or aqua triangles?
- These are Pivots . They show when the OBV or wolfpack oscillators (or a double confirmation of both) might reverse, this is important to know because many times the price action follows this move.
What are those purple triangles?
- These are Pivots . They show when the PVT oscillator might reverse, this is important to know because many times the price action follows this move.
What are those big orange or aqua triangles?
- These are TSI (true strength indicator) entry signals . They are calculated by the TSI entry signal, the TSI oscillator treshold and in conjunction with the overall local trend (background color).
What are those white squares?
- These are Overbought or Oversold regions of the build-in RSI bands indicator. Every time the price crosses one of the RSI bands those squares are printed. Most of the time this happens after a move and indicates that this strong move has come to an end.
Most settings of the indicator package can be modified to your liking and based on your chosen strategy might have to be modified. Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
Weekly Volume HeatmapThis tool is designed to visualize how the trading volume of each asset changes during the week.
How to use
This tool can help us better understand the market and answer many questions, such as:
◽ How to avoid getting stop hunted?
Typically, trading volume decreases at certain times of the week, which is the best time for large holders to manipulate the market. Low volume means there is less liquidity in the market. Large transactions in an illiquid market can cause large price changes.
Large holders (whales) have enough capital to push the price in the desired direction to trigger a cascade of stop-loss orders which can move the price further.
After a stop hunt, the market typically reverses, leaving stop hunted traders behind.
It is best to avoid using stop-loss orders and leveraged trading during these hours of the week.
◽ When’s the best time to make decisions
During some hours of the week the trading volume usually decreases; at these times, most traders are inactive and do not participate in transactions.
Therefore, the price changes that occur during these times lack conviction.
It is better to make decisions when there are more active traders in the market. At these periods, a relatively high trading volume is usually observed.
How it works
First, it calculates the average traded volume of each period (for example Monday 9:00 AM) from the first bar to the last bar. It then calculates the ratio of the average traded volume in each period to the average traded volume per week. Finally, the result is displayed as a percentage in each cell.
Different values are distinguished by different background colors. Light colors are used for low values and dark colors are used for high values.
Limits
It only works in the 1 hour time frame.
Samples
Stock => AAPL
Futures => ES1!
Forex => EURUSD
McNamara Tally [CC]The McNamara's Tally was created by Nolan McNamara (Stocks and Commodities Feb 2022 pgs 44-45) and this aims to fix the issues with both the On Balance Volume and the Accumulation/Distribution Line by using a variation of Wilder's True Range to keep track of volume flow to better differentiate between bullish volume and bearish volume. I added a signal line to this indicator to provide clear buy and sell signals since the original didn't' have any so feel free to experiment and see if you come up with a better signal system. Buy when the indicator line turns green and sell when it turns red. I have included strong buy and sell signals in addition to normal ones so stronger signals are darker in color and normal signals are lighter in color.
Let me know if there are any other indicators or scripts you would like to see me publish!
Range Volume ChangeI was looking for a way to see if today's premarket volume is higher or lower than the previous day's premarket, but did not find any, hence, I made my own which I share with you now.
I call it 'Range Volume Change' or just RVC.
RVC will show the percentage of change between the selected time range and the previous day for the same time range.
This will allow us to see if the volume is increasing or decreasing today compared to the previous day by a specific time range that we set in PVC settings. It can do more than just premarket, you can use it for any time range of your interest which will work on 24hours assets like crypto and forex.
RVC visualizes the incremental of the volume using increasing size columns giving you a better view of how the volume changes compared to the past. The column shows the accumulated volume from when the time range started.
As an extra feature, it will also show the volume percentage of change outside the time range (can be disabled from settings).
In addition, RVC is also designed to work on real-time data.
Example of BTCUSDT (24-hour asset) with volume 'outside the time range', enabled (purple columns):
Follow for more awesome indicators/strategies: www.tradingview.com
RSI true swingsRelative Strength Index (RSI) is being used by majority of the traders to get benefitted based on the swings. But these swings are hard to Identify.
This Indicator uses 4 major factors for finding the potential reversal points:
RSI Crossover or crossunder
Relative volume
Overall volume against the moving average volume
Relative closing of the candles
Size of the bars
Please read Instructions carefully before using this indicator
Recommended entry is the OHLC4 of the signal bars.
If signal bar is too large, try to enter in the retracement when another signal comes either through indicator or through types of bars
when signals comes opposite to the trend, then try to wait for the next signal of same type. This creates a RSI-price divergence in confirmation by volume price action
Timeframe can be of your choice
Recommended stoploss should be swing highs or lows
Buy/Sell Volume Totals for PeriodThis indicator can be used to help you tell the difference between Wyckoff Accumulation and Distribution.
The idea is to add up all the Buy Volume and all the Sell Volume separately from the beginning of the Trading Range (TR) for each candle. You can define the Start and End dates in the settings of the indicator.
The indicator will show you 3 numbers of interest:
GREEN = Total Buy Volume from beginning of date range
RED = Total Sell Volume from beginning of date range
YELLOW = Ratio of Total Buy / Total Sell Volume from beginning of date range
When the Total Buy Volume exceeds the Total Sell Volume in the TR, the indicator will color the background in GREEN color, to indicate possible accumulation. Otherwise the background will be RED, to indicate possible distribution.
You can float your cursor over any candle to see the current Volume Totals at that candle from the beginning of the TR (set by you in settings to a specific date).
Here's a few examples of the indicator in action:
1) Accumulation
2) Distribution
3) Possible Re-distribution
Please note that this indicator is meant to be used in combination with other analysis techniques from the Wyckoff Methodology!
TFS Volume Oscillator Noise FilteredINTRODUCTION
This indicator is inspired from " HPotter’s TFS: Volume Oscillator " but I have used Heiken Ashi and Hull Moving Average in calculations in order to reduce noise for better trades.
The concept is similar to that of On-Balance Volume indicator (OBV). It is calculated according to these rules:
If Heiken Ashi Close > Heiken Ashi Open, Volume is positive
If Heiken Ashi Close < Heiken Ashi Open, Volume is negative
If Heiken Ashi Close = Heiken Ashi Open, Volume is neutral
BAR COLORS
Green Color:
Strong Uptrend with good volume supported momentum.
Faded Green Color:
Volume is relatively weakening.
Red Color:
Strong Downtrend with volume support.
Gray Color:
Downtrend negative volume is relatively weakening.
DEFAULTS SETTINGS
Volume length is 30 (Better for timeframes higher than 1H)
Hull Moving Average length is 14 but Linear Regression Curve can be selected with same length
Detailed Volume (DV)Detailed Volume chart
Inspired by UV
Added an option (enabled by default) to show the actual volume in the filler bar. As opposed to showing just the difference of Buy/Sell volume (that is used in UV)
Also there is a Simple Moving Average for volumes
Position Size By Risk For Bar SizeThis simple script provides a way of calculating position size on a bar by bar basis for a fixed risk amount.
If you are trading a fixed risk amount (e.g. $100) per trade and your Entry and Stop is defined by a specific bar on the chart (any resolution e.g. 15 min, 5 min, 2 min etc) then this indicator will show you the position size you can take.
The user configures the risk amount per trade in the setting for the indicator, the default is 100 (e.g. $100).
It calculates each bar size (high - low) for the resolution of the chart that is being viewed.
The position size = (risk amount) / (bar size).
It then displays a "." (dot) for each bar and to see the position size hover your mouse over this dot .
The pane for this indicator can be set to the top of the chart by using the "Move pane up" option on the chart so that the indicator is easily accessible and discrete at the top of the chart.
Also, there is an option to use this indicator as a substitute for the built-in volume display.
Jhonnyhight VolumenWhat this indicator does is gather the volume of different brokers
which with the sum we can see the number of contacts traded at a 70 to 80% take into account that the volume used
it's from traidinvview
* Keep in mind that it will not work in all brokers since some brokers do not provide us with the volume.
* In the inputs you must place the brokers or exchange where you want to bring the volume
* These can be found on the right in the asset finder at traidingview
Smart RebalanceThis script is based on the portfolio rebalancing strategy. It's designed to work with cryptocurrencies, but it can work with any market.
How portfolio rebalance works?
Let's assume your initial capital is $1000, and you want to distribute it into 4 coins. This script takes the USDT as the stable coin for the initial money, so in case you want other currency, the pairs must be with that fiat as the quote.
Following our example, you would take BTC, ETH, BNB, and FTT. After selecting the coins, it's time to choose how much allocation is on each. Let's put 25% on each. This way, $250 of our capital on each coin.
After selecting the coins and their allocation, you choose the price change ratio for rebalancing. Let's use 1%. Next, you start to watch the markets. The first thing that happens, following our example, is the BTCUSDT price moving 1% up.
That amount hit the ratio of 1% for the rebalance. Hence, you sell 1% of BTC for USDT and redistribute to the other coins, buying 0.25% of each currency to rebalance the portfolio.
Next, ETHUSDT goes 1% down, time to rebalance again. This time, you need to take 0.33% of each other coin and buy ETH, so this way, it's all divided as the chosen allocation.
Why use rebalancing?
Looks easy, right? It is, but very time demanding. Demands even more if you raise the number of coins you want to distribute. Having a system to do that automatically is a must to work efficiently. Rebalancing spreads the risk among multiple currencies. This way, you earn small when it goes up, but you lose small when it goes down.
What this script helps with portfolio rebalance?
This indicator will not buy/sell for you but will help you choose the best markets for your rebalancing. Which coin will work best in that period? Do I need to have more than 8 coins? How much must be my ratio? Those questions you can answer using this indicator.
What this script has?
Start and End dates
The script will work for a certain period. All calculations will be done in that period.
Coin Ratio %
The amount of price movement of each asset that will be used to calculate the rebalancing
Initial Capital and Broker Fee
The amount of capital to be used on the rebalancing and the broker fee you want to use the strategy. The cost will be applied on every trade, buying or selling the coins.
Assets, allocations, and colors
It's possible to select from 2 to 10 assets to be used on the portfolio. Each purchase must have the allocation %. Suppose the sum of the allocations is different from 100%. In that case, a warning message will appear on the chart instead of the statistics.
Panel and tooltips
There is a panel with a summary of the results
Set allocations automatically
There is an option to make the indicator use the daily asset volume from the day before to determine the allocation percentage of each asset. This option is better if you are unsure how much allocation you want to use on each coin.
Use this indicator as a backtest for your rebalancing strategy. The selected market on the chart will not affect the calculation on this indicator, but the time frame will. The higher the time frame, the higher the coin ratio % must be.
About the code
The code is written to use arrays to store the values of each asset, making the calculations on each candle inside the time range. The for-loops are used to reduce the code length and make it easy to change the analysis of all assets. Finally, the script has some comments on the code.
Keltner Channels BandsKeltner Channel Bands
Great indicator for mean reversion strategies.
Alerts you can set:
Crossover EMA
Crossunder EMA
Crossover upper band
Crossunder upper band
Crossover lower band
Crossunder lower band
Have fun!
Volume Weighted Balance of PowerAs always, this is not financial advice and use at your own risk. Trading is risky and can cost you significant sums of money if you are not careful. Make sure you always have a proper entry and exit plan that includes defining your risk before you enter a trade.
I have modified the Balance of Power indicator that measures the difference between the open and the close and the high and low of the current bar to incorporate volume information as well. Further, I have smoothed the indicator, which is usually very choppy and difficult to read with a 21 period Least Squares Moving Average to create a Volume-Weighted Balance of Power. Since we are all aware that volume precedes price I figured this could be a neat little trend-confirmation indicator.
Uses:
1) The indicator is fairly straight forward, when it crosses below its zero line, this signals that there is more selling pressure in the current market vs. buying. Conversely, when it crosses above its zero line, this means more buyers have stepped up and are pushing prices higher.
2) It is sensitive enough to volume and price shifts that it produce divergences, which are often thought to be some of the most powerful trading signals in any market.
3) Use this tool to confirm breaks from trendlines or trading ranges to see if there is enough pressure and volume to support the move.
Enjoy and trade responsibly!
Illuminati VolumeIlluminati volume, indicatore scritto e pensato da Francesco La Via .
Questo indicatore utilizza i contratti e il prezzo per determinare le reale liquidità presente nel mercato.
Può essere usato:
Divergenze
Profile volume
Tendenze
Supporti e resistenze
Forza
L'indicatore a Time-Frame 1 minuti indica la quantità di Fiat che si sta muovendo, se è positiva sta entrando liquidità, se è negativa sta uscendo liquidità.
A time-Frame "grafico" indica la forza psicologica di ogni candela.
Il risultato dell'indicatore nel forex deve essere moltiplicato per la quantità di fiat per contratto, ad esempio EURUSD*100.000.
Cumulative VolumeCumulative Volume oscillator with Bollinger bands. Resets with each new day. Based on cumulative tick.
Enjoy!
