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Volume Indicator

Volume Factored Relative Strength Index (VFRSI)RSI is an indicator that is dependent only on price. I modified RSI to factor in volume as well. On BTC chart presented above, VFRSI is more accurate than RSI in detecting extreme conditions (green line is VFRSI). In some instances, it seems to be better than RSI in detecting divergences as well (scroll to March 2018). In smaller time frames, it reduces the bart effect present on RSI without compromising responsiveness (unlike moving averages). Features: - Parameterized variables - Includes regular RSI - Includes an adjustable weight factor to reduce the effect of volume. At 0, it is identical to RSI. PS: If you have seen a similar indicator, please let me know. Otherwise, this indicator has the potential to replace regular RSI. Your feedback is very welcome :) c|:D
Pine Script™ indicator
by cI8DH
30
Weis Wave VolumeThis indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can also be found in this video . The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types. For assets that do not support volume Weis propose in his book to use the true range instead, so if you want to use this indicator for assets that do not support volume, make sure to enable the checkbox "Use True Range instead of Volume". Unlike other implementations I found here on Trading, this implementation make use of a Renko-like zig zag pattern, very similar to how it is described in David H. Weis' book. The settings for the zig zag pattern are very similar to the standard Renko settings here on TradingView, in the "Renko Assignment Method" you either chose "ATR" or "Traditional" (read more about it here ). The ATR length or the brick size is then entered in the textbox "Value". You can also chose another setting in the "Renko Assignment Method" drop down named "Part of Price" which calculate the brick size from the current close and divide it by the value in the text box "Value". It is also possible to chose if the zig zag pattern shall use the high/low, the open/close or just the close as the most extreme values in its calculation, you select this in the drop down "Price Source". If you want the price to oscillate around a zero value, enable the "Oscillating" checkbox. TradingView's pine script does currently not support to print non-static text on the chart, so it is not possible at this point to write out the volume on the zig zag chart. It is also not possible to have both an overlay and separate chart pane in the same indicator, therefor this indicator is split up in two. You can find the zig zag indicator here:
Pine Script™ indicator
by modhelius
86
Pump CatcherThis indicator attempts to detect moments of abnormal and accelerating increase in volume. Because pumps happen over short time frames, this script is potentially better used on smaller timeframes (1 - 15 minutes). It takes two inputs: The length of the lookback for the volume rate of change (vroc) calculation (default=20), and The threshold over which a pump is determined to have happened (0-100, default=50). The vroc has been normalised to a result between 0 (no rate of change) and 100 (maximum rate of change the asset has ever undergone to date).
Pine Script™ indicator
by joepegler
3
Volume Strength Candles / Colored BarsIs Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback (Strong or Weak Bulls // Strong or Weak Bears) Candles / Bars Indicate the Following (default 13 period lookback / Length) MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume RED Bear Candle while VOLUME is BETWEEN 50% & 150% of the Lookback / Length (13 default), Neutral Bear Volume Neither strong or weak ORANGE Bear Candle with WEAK VOLUME (Less than 50% of the Length / Lookback) DARK GREEN Bull Candle with STRONG VOLUME MORE than 150% of lookback GREEN Bull Candle with Neutral VOLUME BETWEEN 50% & 150% of the lookback / Length AQUA Bull Candle with WEAK VOLUME less than 50% of the Lookback Is price confirmed by volume? Can Change the Lookback / Length from 13 Can Change the Colors and Transparency to easily see based off your chart background colors I recommend ZERO Transparency to easily identify volume strength (i use white background but many use black or other)
Pine Script™ indicator
by stokedstocks
3
Volume Indicator VSidea take from Alexander Elder, author of: The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management Meaning of colouring: - Green bar Volume: If we look back certain numbers of volume bars, higher close price and higher volume. - Blue bar Volume: If we look back certain numbers of volume bars, higher close price and lower volume. - Red bar Volume: If we look back certain numbers of volume bars, lower close price and higher volume. - Orange bar Volume: If we look back certain numbers of volume bars, lower close prince and lower volume. - Grey bar Volume: If we look back certain numbers of volume bars, same price and same volume.
Pine Script™ indicator
by vitalizzy
3
BTC World Volume (Multi-Exchange)Release: 2018-03-29 __________________________ WHAT IT DOES Bitcoin is listed on multiple exchanges. Many people have called for a single global index that would quote BTC volume across all exchanges: this script is such a virtual volume aggregate of the 17 largest fiat exchanges on TradingView (listed in the script comments, and in Format > Inputs for you to select). It includes USD, EUR, JPY, KRW and USDT sources. It will, independently for each tick, quote the volume from all selected exchanges and display a stacked representation, freely inspired from CoinMarketCap charts; also a Moving Average. Each fiat/continent has its own general color, to be able to quickly glance at where volume is coming from, e.g. BitMEX or Asia. (colors are based on Google's Material Design). By default: Grey: BitMEX Green: USD Yellow: Tether (USDT) Red: Asia (JPY, KRW) Blue: Europe (EUR) No more "on Coinbase this" or "on Bitstamp that", you've now got a global overview! It becomes easy to debunk a few common myths. See CoinMarketCap for reference. Note: Bitmex is not taken into account in CoinMarketCap (afaik) since it's trading a derivative asset (XBTUSD contracts), but it usually amounts to ~50% of the overall BTC volume in USD value. The 16 other exchanges quote their volume in BTC, and they represent 30~40% of the overall BTC volume. I believe the whole is good enough to smooth out exchanges variations, and get a fair representation of real-time activity. __________________________ HOW TO USE IT Just add it to your chart, it will appear as a separate indicator. By default, it appears as stacked colored "areas". There is also a total volume Histogram, which is transparent by default: you can tweak that in Format > Style. The darker and lighter backgrounds are respectively indicative of a downward price candle (open > close), or an upward price candle (close > open). They are unrelated to volume and simply help interpreting the indicator. You can check/uncheck exchanges in the Format > Inputs tab to remove/add some of them from computation. All are enabled by default. You can check/uncheck exchanges in the Format > Style tab to hide them (usually you would hide all or none). You can edit colors and transpareny as well for each exchange. You can edit "Volume histogram" transparency to have it show (it's a simpler representation than areas). Moving Average: You can select the type (SMA, EMA, DEMA or TEMA) and length. __________________________ Please leave feedback below or pm me directly for bugs and suggestions.
Pine Script™ indicator
by PhiChris
22
Volumes on CandleThis script uses standard deviation of volume from the mean to color the candles. IMPORTANT: Hide original candle, clicking in the "eye" near title. I prefer use large Length input for more stability at mean and standard deviation values. Uses 5 colors, by default: Red = Volume >= 4 stdev; Orange = 4 stdev > Volume >= 2.5 stdev; Yellow = 2.5 stdev > Volume >= 1 stdev; White = 1 stdev > Volume >= -0.5 stdev; Aqua = -0.5 stdev > Volume. I coded another script, called "Colored Volumes Histogram". It uses the same idea, but color directly the volume histogram.
Pine Script™ indicator
by tmsiqueira
1
Colored Volumes HistogramThis colored volumes histogram uses standard deviation from the mean to color bars. I prefer use large Length input for more stability at mean and standard deviation values. Uses 5 colors, by default: Red = Volume >= 4 stdev; Orange = 4 stdev > Volume >= 2.5 stdev; Yellow = 2.5 stdev > Volume >= 1 stdev; White = 1 stdev > Volume >= -0.5 stdev; Aqua = -0.5 stdev > Volume. I coded another script, called "Volumes on Candles". It uses the same idea, but color directly the candle.
Pine Script™ indicator
by tmsiqueira
BTC World Price: Multi-Exchange VWAPBTC World Price: Multi-Exchange VWAP __________________________ WHAT IT DOES What you see above are not Bitmex candles, but this indicator's. Bitcoin is listed on multiple exchanges. Many people have called for a single global index that would quote BTC price and volume across all exchanges: this script is such a virtual aggregate (formerly: Multi-Listed , Volume-Weighted Average Price ). It will, independently for each tick, for any time-frame: - Quote the price (O, H, L, C) and volume from Bitfinex (USD), Binance (USDT), bitFlyer (Yen), Bithumb (S. Korean Won), Coinbase (USD), Kraken (EUR) and even Bitmex (USD Contracts). - Weight each price with the corresponding volume of the exchange. - Quote the FOREX conversion rate in USD for each currency (USDJPY etc.) - Finally return global average price (candles) in USD. - Additionally provide (H+L)/2 etc. values. No more "on Coinbase this" or "on Bitstamp that", you've now got a global overview! See CoinMarketCap: Markets for reference. I've included alternative exchanges in the comments at the top of the script. __________________________ HOW TO USE IT Basically just add it to your chart and use the indicator's candles instead of the chart's main ticker. By default, BTC World Price will display candles only, but you can also display OHLC & averages (in whichever style you want). You may indeed want to hide the main symbol (top-left corner, click the 'eye' button next to its name), or switch it to something else than candles/bars (e.g. line). Make sure "Scale Price Chart Only" is disabled if you want to use the auto-zoom feature. (if other indicators are messing your zoom, you can try to select "Line with Breaks" or "Area with Breaks" to allow these to overflow from the main window) By clicking the triangle next to the indicator's name, you can select "Visual Order" (e.g "Bring to Front"). You can select regular Candles or Heikin-Ashi in Options. In the Format > Inputs tab, you can select which exchanges to quote. By default, all of them are enabled. The script also exposes the following typical values to the backend, which you can use as Price Source for other indicators: (e.g. MA, RSI, in their "Format > Input" tab) Open Price (grey) High Price (green) Low Price (red) Close Price (white) (H + L)/2 (light blue) (H + L + C)/3 (blue) (O + H + L + C)/4 (purple) They are all hidden by default (by means of maximum transparency). In the Format > Style tab, you can change their color, transparency and style (line, area, etc), as well as uncheck Candles and Wicks to hide these. If you are using "Indicator Last Value" and want to clear the clutter from all these values, simply uncheck them in Style. They will still be available as Price Source for other indicators. You can also choose to scale it to the left, right (default) or "screen" (no scaling). Once you're satisfied with your Style, you may click "Default"> "Save as default" in the botton-left. Everytime you load the indicator, it will look the same. ("Reset Settings" will reset to the script's defaults) __________________________ Please leave feedback below in comments or pm me directly for bugs and suggestions.
Pine Script™ indicator
by PhiChris
3
BBLathe2: Bollinger Band Lathe w/ Elder's Force Index [sclark39]Welcome to the second version of the BBLathe! This shows Bollinger Bands centered on a horizontal basis, to make it easier to see how volatility is changing and identify squeeze opportunities. By default Bollinger bands are calculated using an exponential moving average and an improved higher precision stdev implementation, but this can be disabled. Version 2 also shows Elder's Force Index as a white histogram, so you can see some volume information to help confirm the power of the bears/bulls. The green/red shadow shows how the Bollinger's basis is changing, and when it is going up there will be a green shadow underneath the basis line (this can be inverted in the settings). There is also price line (yellow) showing the location of the price within the Bollinger Bands. Use this indicator for trades at your own risk, I made this for fun and it is not a trade recommendation. That being said, if you like my work please tip me! ETH: 0xf8E0Ea503B5c833fD4546E7fa2c70EcE42A27C8A Please comment with feedback and requests!
Pine Script™ indicator
by sclark39
12
CMYK VOLUME CROPPED ◊ Introduction This is a simple volume script, colored in the CMYK theme. Cropping occurs when VOLUME > 5 * EMA, and is Shown with a transparant bar across the screen. This way, large volume peaks don't influence scaling anymore. ◊ Adjustments CMYK color theme applied. Crops volume peaks, to preserve scaling. ◊ Usage Indicates Volume ◊ Future Prospects None ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ CMYK SCRIPTS ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ░▒▓█ CMYK ◊ VOLUME █▓▒░ ░▒▓█ CMYK ◊ RMI █▓▒░ ░▒▓█ CMYK ◊ RMI ARROWS █▓▒░ ░▒▓█ CMYK ◊ HIGH LOW █▓▒░
Pine Script™ indicator
by MVPMC
2