Get started

Volume Indicator

The Normalizer [BVCC]The Normalizer adds an indicator to your chart with the option to view regular Volume, normalized Volume or normalized price. Normalized Volume divides the current Volume bar into a moving average and multiplies by 100. The resulting plot is a histogram showing how far above or below the moving average that volume bar was. Normalized Price does the exact same thing, but uses the close price of the current candle. The result of a normalized bar chart is that sometimes activities of unusually low or high patterns can be seen that are not obvious when looking at the standard data points. Customizable Settings include; 1) Check/Uncheck the first box to set the view to Volume or Price 2) Check 'Normalize' when on Volume to toggle between standard Volume and Normalized Volume 3) Price is always Normalized 4) Normalization is calculated from the SMA and the default is set to 9 - John Bollinger suggest setting this to 50 5) Normalization period can be set with the 'Period' option This indicator was created for members of the BVCC trading community as an example of the normalization methods described in John Bollinger's "Bollinger on Bollinger Bands". Mr. Bollinger talks extensively about normalization and specifically volume normalization. I added the price normalization as a fun bonus just because. :)
Pine Script™ indicator
by Fifth_Horizon
JSE Wyckoff Wave Volume Code// The Stock Market Institute (SMI) describes an propriety indicator the "SMI Wyckoff Wave" for US Stocks. This code is an attempt to make a Wyckoff Wave for the Johannesburg Stock Exchange (JSE). // The JSE Wyckoff Wave is in a separate code. This is the code for the volume of the wave. Please see code for the JSE Wyckoff Wave which goes with this indicator. // // The Wave presents a normalized price for the 10 selected stocks (An Index for the 10 stocks). // The theory is to select stocks that are widely held, market leaders, actively traded and participate in important market moves. // This is only my attempt to select 10 stocks and a different selection can be made. // I am not certain how SMI determine their weightings but what I have done it to equalize the Rand value of the stock volumne so that moves are of equal magnitude. // The then provides a view of the overall condition of the market and volume flow in the market. // // I have used the September 2018 price to normalize the stock price for the 10 selected stocks based. The stocks and weightings can be changed periodically depending on the performance and leadership. // // Please, let me know if there is a better work around this. The stocks and their weightings are: "JSE:BTI"/0.79 "JSE:SHP"/2.87 "JSE:NPN"/0.18 "JSE:AGL"/1.96 "JSE:SOL"/1.0 "JSE:CFR"/4.42 "JSE:MND"/1.40 "JSE:MTN"/7.63 "JSE:SLM"/7.29 "JSE:FSR"/8.25
Pine Script™ indicator
by SteynTrade
3
pipe_finder. Reversal Indicator for Pipe Top & Bottom Patterns.Simple indicator to find pipe bottom and top patterns. Definition: - Pipe Bottom: - Positive Difference from Open and Close is greater than the average thickness of the last "x" candles multiplied by sensitivity "y" - The previous candle is red and the current candle is green - Trend Definition - (Trend for EMA length 'z" has a slope less than 0 or pointed downwards) - The average of the current and previous candle's volume is greater than the average volume for the last "n" candles. - Pipe Top: - Positive Difference from Open and Close is greater than the average thickness of the last "x" candles multiplied by sensitivity "y" - The previous candle is green and the current candle is red - Trend Definition - (Trend for EMA length 'z" has a slope greater than 0 or pointed upwards) - The average of the current and previous candle's volume is greater than the average volume for the last "n" candles. Settings: Sensitivity: How thick do the pipe candles have to be? (Greater sensitivity = more alerts) Candle Thickness Average Period: The number of past candles used for measuring the average body size of candlestick. Filter EMA Length: Length of the EMA used to filter between bull trends and bear trends. Volume EMA Length: Length of the volume EMA.
Pine Script™ indicator
by andrewqiu9774
VWMA + SMA BBollinger + RSI Strategy (ChartArt) mod by BiO618This is a script I remade from the original ChartArt's "CA_RSI_Bolling_Strat". I added a VWMA following the SMA basis curve. BBand was made with the SMA curve, +2DS. The point of adding VWMA to the script is to get a fast correlation between price change and volume change. How to interpret it: Since 3-Intervals-VWMA = (P1*V1 + P2*V2 + P3*V3) / (V1+V2+V3) As the volume grows, VWMA get smaller. If the price goes to the upper band, and the VWMA follows it, Price grew more than Volume, and a correction would happen soon. If the price goes to the lower band, and the VWMA follows it, Price dipped with a lot of Volume, and a continuation of trend would be expected. If the price goes to the upper band, and the VWMA stays close to SMA, Price grew with a correspondient Volume, and the continuation of trend would be expected. If the price goes to the lower band, and the VWMA stays close to SMA, Price dipped with low Volume, a correction would happen soon. Remember that NO INDICATOR is flawless, support your interpretation with other indicators like RSI and MACD. Hope you enjoy it! φ!
Pine Script™ strategy
by BiO-618
1
Accumulation/Distribution Volume (ADV) [cI8DH]This is the simplified and optimized version of my original ADV indicator. It shows both regular volume bars and the accumulated/distributed (A/D) portion of them. The equation is elegant and intuitive. It calculates candle body to candle height ratio and multiplies it by volume: volume*(close-open)/(high-low). This is the building block of my three other indicators, ADL, ADP and ADMF. - The volume bars has two shades of green and red. The dark shade shows amount of A/D and the light shade shows total volume (what you see on a regular volume indicator). When money volume is enabled, volume is multiplied by price. As you can see in the chart below, trade volume in terms of USD was growing over the past years. - Blue line is the moving average of A/D and the orange line is for total volume. When "Baseline Chart" option is enabled, this moving average is identical to ADMF indicator which can be a powerful indicator for assessing buy/sell pressure as well as money flow and volume divergences. You can turn off volume bars (from style menu) for better visibility or you can use the below indicators. Please note that ADMF is now available as a part of ADP indicator as well and I recommend using the latter since ADP can also replace CMF and MFI indicators. - If you change the aggregation to cumulative (while having money volume disabled), the gray line becomes identical to On Balance Volume (OBV) and the blue line identical to my ADL indicator. The latter I would argue is more accurate than Chaikin's ADL, William's A/D and OBV.
Pine Script™ indicator
by cI8DH
25
Volume Share - Bitcoin Retail % [cryptorae]I've been keeping my eyes on retail BTC trading volume as a % of total BTC trading volume (charted). It's the single best chart showing the death of sentiment in this bear market. Retail fell to as low as 5.6% on 6/8. The good news is that the % has stabilized at these levels. I think retail interest will need to trend higher in tandem with higher price moves for us to break through key resistance levels. To know why, let's look closer at the anatomy of the recent bull and bear market. In the 2017 bull market: - Retail interest trended higher or sideways with each drive up - Average retail volume share was ~46% In other words, price movements were dominated by infusions of new money. In the 2018 bear market: - Retail interest trended LOWER with each recovery in price - Average retail volume share was ~15% In other words, price movements were dominated by money exchanging through the hands of traders. Open thoughts: - If the bear market persists and prices reach critical levels, I think that retail % would spike as some finally rush for the exit and new investors happily jump in - If prices recover w/o a sustained increase in retail %, I'd not be so quick to call a bull market Things I classify as "retail": - Bitflyer - Bithumb - Coinbase - Bistamp - Kraken Things classified as "non-retail" - Bitmex - Bitfinex The formula is retail / (retail + non-retail) The script is open for you to modify if you disagree. Let me know your thoughts/tweaks.
Pine Script™ indicator
by cryptorae
12