[EVI]Enhanced Volume IndicatorEnglish Version
Enhanced Volume Indicator (EVI)
The Enhanced Volume Indicator (EVI) is an advanced yet user-friendly tool designed to measure and visualize the strength of market volume using the statistical power of standard deviation. By offering a clear and dynamic representation of volume fluctuations, the EVI enables traders to effortlessly identify significant market movements and potential trading opportunities.
Key Features:
Sophisticated Volume Strength Assessment: The EVI leverages the standard deviation of historical candle volumes to evaluate and categorize the current volume intensity. This sophisticated methodology allows for the precise detection of when current volume levels significantly deviate from their historical norms.
Intuitive Visual Cues: Volume bars are color-coded to represent varying levels of volume intensity, ranging from very weak to very strong. This intuitive visual differentiation aids traders in quickly grasping the market's underlying volume dynamics at a glance.
Proactive Threshold Alerts: Stay ahead of the market with the EVI’s built-in alert functionality. Receive real-time notifications of critical volume changes, ensuring that you remain informed of significant market developments even while away from your trading desk.
How It Works:
The EVI calculates the Simple Moving Average (SMA) and Standard Deviation (STDEV) of volume over a user-defined period (default set to 500 candles). Utilizing these statistical measures, the indicator establishes various volume thresholds by applying predefined multipliers for extreme, high, medium, and low volume levels. The volume bars are then color-coded based on these thresholds, providing traders with a clear visual representation of volume intensity. Additionally, horizontal lines indicating these thresholds are plotted on the chart for easy reference, further enhancing the indicator’s usability.
This version of the EVI is particularly suited for traders who prefer simplicity and efficiency over complexity, making it an excellent alternative to the more intricate Volume Delta Divergence (VDD) indicator. The EVI delivers powerful volume insights in a straightforward and accessible manner, ensuring that even those who favor less complexity can benefit from robust volume analysis.
Ideal for traders seeking to capture major market moves or pinpoint potential reversals, the Enhanced Volume Indicator (EVI) is a must-have tool. Elevate your trading strategy with the EVI and ensure you never miss out on significant volume breakouts again.
Korean Version
Enhanced Volume Indicator (EVI)
Enhanced Volume Indicator (EVI)는 시장 볼륨의 강도를 표준편차의 통계적 힘을 사용하여 측정하고 시각화하는 고급적이면서도 사용하기 쉬운 도구입니다. EVI는 볼륨 변동의 명확하고 동적인 표현을 제공하여 트레이더가 중요한 시장 움직임과 잠재적인 거래 기회를 쉽게 식별할 수 있도록 합니다.
주요 기능:
정교한 볼륨 강도 평가: EVI는 이전 캔들의 볼륨 표준편차를 활용하여 현재 볼륨 강도를 평가하고 분류합니다. 이 정교한 방법론은 현재 볼륨 수준이 과거 평균에서 크게 벗어날 때를 정확하게 감지할 수 있도록 합니다.
직관적인 시각적 신호: 볼륨 바는 매우 약한 것부터 매우 강한 것까지 다양한 볼륨 강도를 나타내는 색상으로 코딩됩니다. 이 직관적인 시각적 차별화는 트레이더가 시장의 기본적인 볼륨 동향을 한눈에 쉽게 파악할 수 있도록 돕습니다.
선제적 임계값 알림: EVI의 내장 알림 기능으로 시장을 앞서가십시오. 중요한 볼륨 변화에 대한 실시간 알림을 받아 거래 데스크를 떠나 있는 동안에도 중요한 시장 발전에 대해 계속 정보를 얻을 수 있습니다.
작동 원리:
EVI는 사용자가 정의한 기간(기본값은 500 캔들)의 볼륨에 대한 단순 이동평균(SMA)과 표준편차(STDEV)를 계산합니다. 이러한 통계적 측정을 활용하여, 인디케이터는 극단적, 높은, 중간 및 낮은 볼륨 수준에 대한 사전 정의된 배수를 적용하여 다양한 볼륨 임계값을 설정합니다. 그런 다음, 볼륨 바는 이러한 임계값을 기반으로 색상 코딩되어 트레이더에게 볼륨 강도의 명확한 시각적 표현을 제공합니다. 또한, 이러한 임계값을 나타내는 수평선이 차트에 참조용으로 표시되어 인디케이터의 사용성을 더욱 향상시킵니다.
이 버전의 EVI는 복잡함보다는 단순함과 효율성을 선호하는 트레이더에게 특히 적합하여, 더 복잡한 Volume Delta Divergence (VDD) 인디케이터에 대한 훌륭한 대안이 됩니다. EVI는 강력한 볼륨 정보를 간단하고 접근 가능한 방식으로 제공하여, 복잡함을 싫어하는 사용자도 강력한 볼륨 분석의 혜택을 누릴 수 있도록 합니다.
주요 시장 움직임을 포착하거나 잠재적인 반전을 식별하려는 트레이더에게 이상적인 Enhanced Volume Indicator (EVI)는 반드시 갖추어야 할 도구입니다. EVI로 트레이딩 전략을 강화하고 중요한 볼륨 돌파를 절대 놓치지 마세요.
Volume
[VDD]Volume Delta DivergenceThis indicator displays volume candles bidirectionally and indicates the strength of the volume. It can create better synergy when used together with the Momentum Squeeze Indicator and can be very useful for bottom and top catching. I am continually modifying it for additional features, so please evaluate it with that in mind.
ETH Long/Short Ratio BITFINEX - (ALPHRACTAL)Indicator Description: ETH Long/Short Ratio BITFINEX - (ALPHRACTAL)
The ETH Long/Short Ratio BITFINEX - (ALPHRACTAL) indicator provides a detailed analysis of Ethereum (ETH) long and short positions in USD and USDT on the Bitfinex exchange. This indicator is ideal for traders who want to monitor market behavior and better understand the relationship between long and short positions.
Features:
USD and USDT Long/Short Ratio:
Calculates and displays the ratio between long and short ETH positions in USD and USDT.
Helps identify market trends and the relative strength between buyers and sellers.
Color Configuration:
Allows customization of chart colors for clear and distinct visualization of USD and USDT ratios.
Uses colors with adjustable transparency to enhance chart visibility.
Label Display:
Option to show or hide labels indicating the type of ratio (USD or USDT) at the latest chart value.
Labels are useful for quickly identifying the visualized ratio.
Display Control:
Option to enable or disable the display of individual USD and USDT ratio charts.
Flexibility to view only the relevant data for your analysis.
How to Use:
Add the indicator to your chart to visualize the long/short ratios of ETH in USD and USDT.
Adjust colors and transparency as per your preference for better visual distinction.
Use the option to show or hide labels for quick identification of the data.
Analyze the relationship between long and short positions to make informed trading decisions, observing market buying and selling trends.
Example Use Cases:
Market Sentiment Analysis: An increase in the Long/Short ratio may indicate bullish sentiment among traders, while a decrease may indicate bearish sentiment.
Identifying Opportunities: Significant discrepancies between USD and USDT ratios may signal arbitrage opportunities or alert to significant market movements.
This indicator is a powerful tool for Ethereum traders who want a deeper understanding of market behavior and the dynamics of long and short positions on Bitfinex. Add the ETH Long/Short Ratio BITFINEX - (ALPHRACTAL) to your technical analysis toolkit and gain an edge in your trading strategy.
Volume Surge Analysis [UAlgo]The "Volume Surge Analysis " indicator is designed to detect significant volume surges in the market. By analyzing volume relative to its moving average and incorporating a comparison of the true range of price movements, this script highlights potential bullish and bearish volume spikes. Traders can utilize these signals to identify moments of heightened market activity that may indicate strong buying or selling pressure.
🔶Features
Volume Multiplier: Customizable setting to define the threshold for what constitutes a volume surge.
Volume SMA Length: Adjustable length for the Simple Moving Average (SMA) of volume.
Price Movement Analysis
Enhances the volume analysis by adding an additional layer of context, helping to confirm whether a volume surge is associated with buying or selling pressure.
True Range Calculation: Measures the range of price movement to understand volatility.
Positive Movement (DM+): Calculated when the current high minus the previous high is greater than the previous low minus the current low. This helps identify strong upward movements.
Negative Movement (DM-): Calculated when the previous low minus the current low is greater than the current high minus the previous high. This helps identify strong downward movements.
Integration with Volume Analysis: By combining the volume analysis with price movement analysis, the script can more accurately determine whether a volume surge is likely driven by bullish or bearish sentiment. This integration helps filter out false signals and provides more reliable indications of market activity.
Median Volume Comparison: Compares the current volume against the median volume multiplied by the volume multiplier to identify significant volume spikes.
Bullish and Bearish Surge Signals: Plots circles above or below bars where significant volume surges occur, indicating potential bullish or bearish movements.
Color Customization: Options to set specific colors for bullish and bearish signals to enhance visual clarity.
Bar Coloring: Optional feature to change the color of bars based on detected volume surges.
Alerts: Configurable alerts for bullish and bearish volume spikes to notify traders in real-time.
🔶Interpretation:
Bullish Volume Surges ( Teal Circles ): These circles appear above the bar when the current volume exceeds the median volume by the specified Volume Multiplier, and the smoothed Positive Directional Index (PDI) is greater than the smoothed Negative Directional Index (NDI). This suggests a potential uptrend with strong buying pressure.
Bearish Volume Surges ( Red Circles ): These circles appear below the bar when the current volume exceeds the median volume by the specified Volume Multiplier, and the smoothed NDI is greater than the smoothed PDI. This suggests a potential downtrend with strong selling pressure.
Overall, the "Volume Surge Analysis " indicator serves as a valuable tool for traders seeking to identify potential trend reversals or strong continuations based on with an above-average rise in volume and directional momentum.
🔶Disclaimer
This indicator is intended for informational and educational purposes only and should not be construed as financial or investment advice. Trading involves substantial risk, and it is essential to conduct your own research and consult with a qualified financial advisor before making any trading decisions.
KillZones Hunt + Sessions [TradingFinder] Alert & Volume Ranges🟣 Introduction
🔵 Session
Financial markets are divided into various time segments, each with its own characteristics and activity levels. These segments are called sessions, and they are active at different times of the day.
The most important active sessions in financial markets are :
1. Asian Session
2. European Session
3. New York Session
The timing of these major sessions based on the UTC time zone is as follows :
1. Asian Session: 23:00 to 06:00
2. European Session: 07:00 to 16:30
3. New York Session: 13:00 to 22:00
Note
To avoid overlap between sessions and interference in kill zones, we have adjusted the session timings as follows :
• Asian Session: 23:00 to 06:00
• European Session: 07:00 to 14:25
• New York Session: 14:30 to 22:55
🔵 Kill Zones
Kill zones are parts of a session where trader activity is higher than usual. During these periods, trading volume increases and price fluctuations are more intense.
The timing of the major kill zones based on the UTC time zone is as follows :
• Asian Kill Zone: 23:00 to 03:55
• European Kill Zone: 07:00 to 09:55
• New York Morning Kill Zone: 14:30 to 16:55
• New York Evening Kill Zone: 19:30 to 20:55
This indicator focuses on tracking the kill zone and its range. For example, once a kill zone ends, the high and low formed during it remain unchanged.
If the price reaches the high or low of the kill zone while the session is still active, the corresponding line is not drawn any further. Based on this information, various strategies can be developed, and the most important ones are discussed below.
🟣 How to Use
There are three main ways to trade based on the kill zone :
• Kill Zone Hunt
• Breakout and Pullback to Kill Zone
• Trading in the Trend of the Kill Zone
🔵 Kill Zone Hunt
According to this strategy, once the kill zone ends and its high and low lines no longer change, if the price reaches one of these lines within the same session and is strongly rejected, a trade can be entered.
🔵 Breakout and Pullback to Kill Zone
According to this strategy, once the kill zone ends and its high and low lines no longer change, if the price breaks one of these lines strongly within the same session, a trade can be entered on the pullback to that level.
Trading in the Trend of the Kill Zone
We know that kill zones are areas where high-volume trading occurs and powerful trends form. Therefore, trades can be made in the direction of the trend. For example, when an upward trend dominates this area, you can enter a buy trade when the price reaches a demand order block.
🟣 Features
🔵 Alerts
You can set alerts to be notified when the price hits the high or low lines of the kill zone.
🔵 More Information
By enabling this feature, you can view information such as the time and trading volume within the kill zone. This allows you to compare the trading volume with the same period on the previous day or other kill zones.
🟣 Settings
Through the settings, you have access to the following options :
• Show or hide additional information
• Enable or disable alerts
• Show or hide sessions
• Show or hide kill zones
• Set preferred colors for displaying sessions
• Customize the time range of sessions
• Customize the time range of kill zones
M2 Global Liquidity Index
The M2 Global Liquidity Index calculates a composite index reflecting the aggregate liquidity provided by the M2 money supply of five major currencies: Chinese Yuan (CNY), US Dollar (USD), Euro (EUR), Japanese Yen (JPY), and British Pound (GBP). The M2 money supply includes cash, checking deposits, and easily convertible near money. By incorporating exchange rates (CNY/USD, EUR/USD, JPY/USD, GBP/USD), the script adjusts each country's M2 supply to a common base (USD) and sums them up to produce a global liquidity metric. This metric, plotted on a daily timeframe, provides an overview of the total liquidity available in these five significant economies.
Understanding the M2 money supply is crucial for assessing liquidity because it represents the amount of money readily available in an economy for spending and investment. Higher M2 levels generally indicate more liquidity, suggesting easier access to capital for businesses and consumers, potentially leading to economic growth. Conversely, lower M2 levels can signify tighter liquidity conditions, possibly resulting in constrained spending and investment.
Rolling VWAPThe Rolling VWAP indicator is a powerful technical analysis tool designed to help traders identify significant price levels and potential reversal points. This indicator combines a rolling volume-weighted average price (VWAP) with multiple standard deviation bands to provide a dynamic view of price volatility and market trends.
Key Features:
Rolling VWAP Calculation: The indicator calculates the VWAP using the high, low, and close prices (HLC3) over a user-defined rolling period. This VWAP is then plotted on the chart, providing a reliable benchmark for average price levels over a specified timeframe.
Adjustable Timeframes: Users can select from multiple timeframes (1 hour, 4 hours, 1 day, 3 days, 1 week) to calculate the RVWAP, allowing flexibility to analyze market trends over different periods.
Multiple Standard Deviation Bands: The indicator includes up to five adjustable standard deviation bands, each with customizable multipliers. These bands are plotted around the RVWAP to indicate potential support and resistance levels, helping traders identify areas of high and low volatility.
Customizable Display Settings: Users can toggle the visibility of each band and adjust their colors and transparency, making it easy to tailor the indicator to their specific analysis needs.
How to Use:
Selecting the VWAP Timeframe: Choose the desired timeframe for VWAP calculation from the options provided (1 hour, 4 hours, 1 day, 3 days, 1 week). This allows you to analyze price action over different periods and identify significant trends.
Adjusting Band Multipliers: Customize the multipliers for each standard deviation band to suit your trading strategy. By default, the indicator includes bands with multipliers of 2.0, 2.5, 3.0, 3.5, and 4.0. Adjust these values based on your preferred levels of price deviation.
Interpreting the Bands: The standard deviation bands provide key insights into market volatility. Inner Bands (e.g., 2.0 StdDev) indicate areas of normal price fluctuation. Price movement within these bands is generally considered stable. Outer Bands (e.g., 3.5 or 4.0 StdDev) highlight extreme price deviations. Price reaching these bands may signal overbought or oversold conditions, potentially leading to reversals.
Combining with Other Indicators: Enhance your analysis by using this indicator in conjunction with other technical tools such as moving averages, RSI, or MACD. This helps confirm signals and improve trading decisions.
Best Practices:
Trend Identification: Use the Rolling VWAP to identify the prevailing market trend. A rising VWAP indicates an uptrend, while a falling VWAP suggests a downtrend.
Support and Resistance Levels: The standard deviation bands act as dynamic support and resistance levels. Monitor price action around these bands for potential entry and exit points.
Volatility Analysis: Wider bands indicate higher market volatility, while narrower bands suggest lower volatility. Adjust your trading strategy accordingly based on the observed volatility levels.
24/7 Trading Instruments: This indicator is particularly useful for instruments that trade 24/7 and do not have defined sessions, such as cryptocurrencies. Unlike a session-anchored VWAP, the rolling VWAP provides a continuous measure of average price levels, making it ideal for analyzing markets that operate around the clock.
By integrating the Rolling VWAP indicator into your trading routine, you can gain a deeper understanding of price dynamics and make more informed trading decisions. Whether you are a day trader, swing trader, or long-term investor, this indicator provides valuable insights to help you navigate the markets with confidence.
TrendMaster Pro IndicatorThe TrendMaster Pro Indicator is an advanced tool designed to assist traders in identifying potential buy and sell signals by leveraging a combination of exponential moving averages (EMAs), the relative strength index (RSI), and a custom volatility filter. This powerful indicator is suitable for traders of all levels and can be applied to various markets and timeframes, offering flexibility and reliability in trading decisions.
Key Features:
EMA Crossover Detection:
Utilizes a 5-period (short) and 13-period (long) EMA crossover to detect trend changes.
A bullish signal is generated when the 5 EMA crosses above the 13 EMA, indicating an upward trend.
A bearish signal is generated when the 5 EMA crosses below the 13 EMA, indicating a downward trend.
RSI Confirmation:
Incorporates a 14-period RSI to confirm the strength of detected trends.
A buy signal is validated when the RSI is above 50, indicating bullish momentum.
A sell signal is validated when the RSI is below 50, indicating bearish momentum.
Custom Volatility Filter:
Employs a volatility filter based on the standard deviation of closing prices over a specified period (default is 10 periods).
Ensures signals are only generated during periods of significant market movement, reducing noise and false signals.
The volatility threshold can be adjusted to suit different market conditions and trading styles.
How It Works:
EMA Crossover:
The TrendMaster Pro Indicator continuously monitors the crossover between the 5-period and 13-period EMAs.
A crossover event triggers the initial signal, suggesting a potential change in trend direction.
RSI Confirmation:
After an EMA crossover, the indicator checks the 14-period RSI value to confirm the trend's strength.
This confirmation step helps filter out weak or unreliable signals, ensuring only high-probability trades are considered.
Volatility Filter:
The indicator calculates the standard deviation of closing prices over the selected period to measure market volatility.
Signals are only generated if the volatility exceeds the user-defined threshold, ensuring that trades are made in active and dynamic market conditions.
How to Use:
Apply the Indicator:
Add the TrendMaster Pro Indicator to your trading chart via the TradingView platform.
Customize the EMA, RSI, and volatility settings according to your trading preferences and the specific market conditions.
Interpret Buy and Sell Signals:
Buy Signal: Look for a buy signal when the 5 EMA crosses above the 13 EMA, the RSI is above 50, and volatility exceeds the threshold. This combination indicates a strong bullish trend.
Sell Signal: Look for a sell signal when the 5 EMA crosses below the 13 EMA, the RSI is below 50, and volatility exceeds the threshold. This combination indicates a strong bearish trend.
Adjust Settings:
The default settings can be fine-tuned to match your trading strategy. Adjust the EMA lengths, RSI period, and volatility threshold to optimize the indicator for different assets and timeframes.
Unique Features:
Comprehensive Trend Detection: Combines multiple indicators (EMAs, RSI, volatility) to provide a holistic view of market trends.
Customizable: Easily adjustable settings allow traders to tailor the indicator to their specific needs and preferences.
Noise Reduction: The volatility filter ensures signals are generated only during significant market movements, improving signal accuracy and reliability.
Conclusion:
The TrendMaster Pro Indicator is a versatile and powerful tool that can enhance your trading strategy by providing clear and reliable buy and sell signals. Whether you are a day trader or a swing trader, this indicator can help you navigate the markets with confidence and precision. Add the TrendMaster Pro Indicator to your toolkit today and experience a new level of trading efficiency and effectiveness.
Volume to Candle Size RatioThe "Volume to Candle Size Ratio" indicator calculates the ratio of volume to candle size for any time-based candles. It offers user-defined thresholds for percentage change and absolute value, coloring histogram bars based on whether the ratio or percentage increase exceeds specified thresholds. This indicator helps traders visualize volume dynamics relative to candle size, aiding in identifying potential trading opportunities.
Wicks Rejection PercentagesAnalyzing wick rejection percentages can provide insights into market sentiment and potential future price movements. For example, high wick rejection percentages at key support or resistance levels may indicate strong buying or selling interest and could influence trading decisions.
VWAP Suite, Session Cloud RevOverview
The VWAP Suite with Standard Deviation Strategy is a comprehensive indicator designed to help traders make informed trading decisions based on the Volume Weighted Average Price (VWAP) and its associated standard deviation bands. This indicator provides multiple VWAP calculations for different timeframes (Session, Day, Week, Month) and incorporates standard deviation bands to identify potential trade entry and exit points.
Components
VWAP Calculation:
Session VWAP: VWAP calculated based on the current trading session.
Day VWAP: VWAP calculated for the daily timeframe.
Week VWAP: VWAP calculated for the weekly timeframe.
Month VWAP: VWAP calculated for the monthly timeframe.
Standard Deviation Bands:
The indicator includes three standard deviation bands (StDev 1, StDev 2, and StDev 3) around the VWAP. These bands help identify the dispersion of price from the VWAP, providing insight into potential overbought or oversold conditions.
Additional VWAP Lines:
VWAP 2: An additional VWAP line with a customizable timeframe (Day, Week, Month).
VWAP 3: Another VWAP line for further analysis with a customizable timeframe (Day, Week, Month).
Strategy Description
The primary strategy implemented in this indicator revolves around the second standard deviation band (StDev 2). The key aspects of this strategy include:
Entry Points:
Long Entry: Consider entering a long position when the price moves below the lower StDev 2 band and then starts to revert back towards the VWAP. This indicates a potential oversold condition.
Short Entry: Consider entering a short position when the price moves above the upper StDev 2 band and then starts to revert back towards the VWAP. This indicates a potential overbought condition.
Exit Points:
Long Exit: Exit the long position when the price moves back up to the VWAP or the upper StDev 1 band, indicating a normalization of the price.
Short Exit: Exit the short position when the price moves back down to the VWAP or the lower StDev 1 band, indicating a normalization of the price.
Risk Management:
Set stop-loss levels slightly beyond the StDev 3 bands to protect against significant adverse price movements.
Use trailing stops to lock in profits as the price moves favorably.
Customization
The VWAP Suite allows for extensive customization, enabling traders to adjust the following settings:
VWAP Mode: Select the timeframe for the primary VWAP calculation (Session, Day, Week, Month).
Line Widths and Colors: Customize the line widths and colors for VWAP and standard deviation bands.
Fill Opacity: Adjust the opacity of the fill between standard deviation bands for better visual clarity.
Additional VWAPs: Enable and customize additional VWAP lines (VWAP 2 and VWAP 3) for further analysis.
RSI Screener / Heatmap - By LeviathanThis script allows you to quickly scan the market by displaying the RSI values of up to 280 tickers at once and visualizing them in an easy-to-understand format using labels with heatmap coloring.
📊 Source
The script can display the RSI from a custom timeframe (MTF) and custom length for the following data:
- Price
- OBV (On Balance Volume)
- Open Interest (for crypto tickers)
📋 Ticker Selection
This script uses a different approach for selecting tickers. Instead of inputting them one by one via input.symbol(), you can now copy-paste or edit a list of tickers in the text area window. This approach allows users to easily exchange ticker lists between each other and, for example, create multiple lists of tickers by sector, market cap, etc., and easily input them into the script. Full credit to @allanster for his functions for extracting tickers from the text. Users can switch between 7 groups of 40 tickers each, totaling 280 tickers.
🖥️ Display Types
- Screener with Labels: Each ticker has its own color-coded label located at its RSI value.
- Group Average RSI: A standard RSI plot that displays the average RSI of all tickers in the group.
- RSI Heatmap (coming soon): Color-coded rows displaying current and historical values of tickers.
- RSI Divergence Heatmap (coming soon): Color-coded rows displaying current and historical regular/hidden bullish/bearish divergences for tickers.
🎨 Appearance
Appearance is fully customizable via user inputs, allowing you to change heatmap/gradient colors, zone coloring, and more.
KillZones & Sessions [TradingFinder] Volume | Asia, London & NY🔵 Introduction
🟣 Session
The forex market operates 24 hours a day, 5 days a week, with only Saturdays and Sundays being off; traders often focus on one of the forex trading sessions instead of trying to trade in all markets 24 hours a day.
Trading sessions are time intervals during which a specific financial market is active and trades are conducted. The Asia, London, and New York sessions are the most important trading sessions throughout the 24-hour period, during which a significant amount of money and liquidity enters the market.
🟣 Kill Zone
Traders in financial markets profit from the difference between the price at which they buy or sell and the current market price. Traders have different time horizons for trading.
Among these, some traders engage in daily or even hourly trading and must operate during times when the market has desirable trading volumes and significant price movements.
Kill zones are segments of a session with higher trading volumes and price fluctuations compared to the rest of the session.
🔵 How to Use
🟣 Session Time
The "Asia Session" consists of two sessions: "Sydney" and "Tokyo." The beginning of this session, according to the "UTC" time zone, is at 23:00 and ends at 06:00. Similarly, the beginning of the "Asia KillZone," according to the "UTC" time zone, is at 23:00, and it ends at 03:55.
The "London Session" consists of two sessions: "Frankfurt" and "London." The beginning of this session, according to the "UTC" time zone, is at 07:00, and it ends at 14:25. Similarly, the beginning of the "London KillZone," according to the "UTC" time zone, is at 07:00, and it ends at 09:55.
The beginning of the "New York am" session, according to the "UTC" time zone, is at 14:30, and it ends at 19:25. Similarly, the beginning of the "New York am KillZone," according to the "UTC" time zone, is at 14:30, and it ends at 16:55.
The beginning of the "New York pm" session, according to the "UTC" time zone, is at 19:30, and it ends at 22:55. Similarly, the beginning of the "New York pm KillZone," according to the "UTC" time zone, is at 19:30, and it ends at 20:55.
Important : To prevent session overlap, the working hours of each session have slightly changed.
🔵 Features
🟣 Simultaneous Session and Kill Zone
With this indicator, you can simultaneously view the kill zone and session. High and low lines are used to indicate sessions, while filled areas with color represent kill zones. If you do not want to see kill zones, you can turn off the display settings.
🟣 Candle, Time, and Volume
Using the "More Info" feature, you can see the number of candles, elapsed time, and traded volume within the colored filled area.
🔵 Settings
•Show More Info: To display "More Info," you need to turn on this feature and turn it off whenever you don't need it.
• You can also customize these settings for each session separately :
o Display or hide session.
o Choose session color.
o Set session time range.
o Display or hide kill zone.
o Set kill zone time range.
Net Buying/Selling Flows Toolkit [AlgoAlpha]🌟📊 Introducing the Net Buying/Selling Flows Toolkit by AlgoAlpha 📈🚀
🔍 Explore the intricate dynamics of market movements with the Net Buying/Selling Flows Toolkit designed for precision and effectiveness in visualizing money inflows and outflows and their impact on asset prices.
🔀 Multiple Display Modes : Choose from "Flow Comparison", "Net Flow", or "Sum of Flows" to view the data in the most relevant way for your analysis.
📏 Adjustable Unit Display : Easily manage the magnitude of the values displayed with options like "1 Billion", "1 Million", "1 Thousand", or "None".
🔧 Lookback Period Customization : Tailor the sum calculation window with a configurable lookback period, applicable in "Sum of Flows" mode.
📊 Deviation Thresholds : Set up lower and upper deviation thresholds to identify significant changes in flow data.
🔄 Reversal Signals and Deviation Bands : Enable signals for potential reversals and visualize deviation bands for comparative analysis.
🎨 Color-coded Visualization : Distinct colors for upward and downward movements make it easy to distinguish between buying and selling pressures.
🚀 Quick Guide to Using the Net Buying/Selling Flows Toolkit :
🔍 Add the Indicator : Add the indicator to you favorites. Customize the settings to fit your trading requirements.
👁️🗨️ Data Analysis : Compare the trend of Buying and Selling to help indicate whether bulls or bears are in control of the market. Utilize the different display modes to present the data in different form to suite your analysis style.
🔔 Set Alerts : Activate alerts for reversal conditions to keep abreast of significant market movements without having to monitor the charts constantly.
🌐 How It Works :
The toolkit processes volume data on a lower timeframe to distinguish between buying and selling pressures based on intra-bar price closing higher or lower than it opened. It aggregates these transactions and finds the net selling and buying that took place during that bar, offering a clearer view of market fundamentals. The indicator then plots this data visually with multiple modes including comparisons between buying/selling and the net flow of the asset. Deviation thresholds help in identifying significant changes, allowing traders to spot potential buying or selling opportunities based on the money flow dynamics. The "Sum of Flows" mode is unique from other trend following indicators as it does not determine trend based on price action, but rather based on the net buying/selling. Therefore in some cases the "Sum of Flows" mode can be a leading indicator showing bullish/bearish net flows even before the prices move significantly.
Embark on a more informed trading journey with this dynamic and insightful tool, tailor-made for those who demand precision and clarity in their trading strategies. 🌟📉📈
Price-Volume Dynamic - Strategy [presentTrading]█ Introduction and How it is Different
The "Price-Volume Dynamic - Strategy" leverages a unique blend of price action, volume analysis, and statistical z-scores to establish trading positions. This approach differentiates itself by integrating the concept of the Point of Control (POC) from volume profile analysis with price-based z-score indicators to create a dynamic trading strategy. It tailors entry and exit thresholds based on current market volatility, providing a responsive and adaptive trading method. This strategy stands out by considering both historical volatility and price trends to adjust trading decisions in real-time, enhancing its effectiveness in various market conditions.
BTCUSD 4h LS Performance
█ Strategy: How It Works – Detailed Explanation
🔶 Calculating Point of Control (POC)
The Point of Control (POC) represents the price level with the highest traded volume over a specified lookback period. It's calculated by dividing the price range into a number of rows, each representing a price level. The volume at each price level is tallied and the level with the maximum volume is designated as the POC.
🔶 Dynamic Thresholds Adjustments
The entry and exit thresholds are dynamically adjusted based on normalized volatility, which is derived from the current, minimum, and maximum ATR over a specified period. This normalization ensures that the thresholds adapt to changes in market conditions, making the strategy sensitive to shifts in market volatility.
BTCUSD local performance
█ Trade Direction
The strategy can be configured to trade in three different directions: Long, Short, or Both. This flexibility allows traders to align their trading strategy with their market outlook or risk preferences. By adjusting the `POC_tradeDirection` input, traders can selectively participate in market movements that match their trading style and objectives.
█ Usage
To deploy this strategy, traders should apply it within a trading software that supports scripting and backtesting, such as TradingView's Pine Script environment. Users can input their parameters based on their analysis of the market conditions and their risk tolerance. It is essential for traders to backtest the strategy using historical data to evaluate its performance and make necessary adjustments before applying it in live trading scenarios.
█ Default Settings
- Lookback Length: Sets the period over which the highest and lowest prices, and the volume per price level, are calculated. A higher lookback length smoothens the volatility but may delay response to recent market movements.
- Number of Rows: Determines the granularity of price levels within the price range. More rows provide a more detailed volume profile but require more computational resources.
- Entry Z-Score Threshold Base: Influences the sensitivity of the strategy to enter trades. Higher values make the strategy more conservative, requiring stronger deviation from the mean to trigger a trade.
- Exit Z-Score Threshold Base: Sets the threshold for exiting trades, with lower values allowing trades to close on smaller price retractions, thereby potentially preserving profits or reducing losses.
- Trading Direction: Allows selection between Long, Short, or Both, enabling traders to tailor the strategy to their market view or risk preferences.
Sniper BreakoutThis indicator is based on 3 indicator :=
1) Forex Market Session 2) Ema 200 3) Volume
This indicator is for Forex market ..in Forex market (ex- Eur/Usd ) price often (67%) do rotation in every session means example :let suppose a trade take trade in asian session and have 30 pips stop loss 67 % chance price will come back to entry price after London session or New York session so trade have less chance to make trade without hitting stop loss
in this indicator we are using Forex market session indicator to get session range start to end ..this indicator will only search opportunity in London And New York Session range and that can be customize from input section . user can select time zone and time of session from input section indicator and color of session .
next indicator using 200 length Exponential Moving Average for trend identification .if close price is above 200 Ema means trend is upside moving & if close price is below 200 Ema means price is moving downside .user can change length and source of Ema from input section .
Third and most important part is volume indicator when a session start (Example-London session it keep Look back 6 previous candle and compare volume imbalance between look back candle .look back candle can be customize from input section default look back candle input is (6).
next we are using trade range time to only show trade on certain time because often market convert into trading range so given specific input time it only take trade when volume and price is rising or falling .time range can be selected from input section .
Trade Entry Buy Signal -if price is either London or New York session and price is above 200 Ema and volume not in imbalance last number of candle it give Feb (first entry buy ) we keep save high price of every candle after Feb (label ) signal .if any candle break above Feb label it show a confirm buy signal ..Below in example as we can see
Example Image Buy Signal -
in this above example step -1 we searching imbalance of volume and price as we can see imbalance of volume and price on green candle .next we look price is above 200 ema .next step(2) we got Feb (first entry buy ) signal this is not a confirm buy signal .we save high of candle next candle high close above previous candle high we got confirm buy signal .
Trade Entry Sell Signal - if price is either London or New York session and price is below 200 Ema and volume not in imbalance last number of candle it give Feb (first entry Sell ) we keep save low price of every candle after Fes (label ) signal .if any candle break below Fes label it show a confirm sell signal ..Below in example as we can see
step-1 starting of london session we start getting imbalance between price and volume .price is getting rejected but volume is rising on green candle we got fes (first entry sell signal ).next we save low of fes candle but price close above that low of candle we dont get confirm sell entry next price break below low of previous candle so open a new sell signal ..
Example 3 - No Confirm buy/sell Signal
In this above Image example we did not get any confirm signal...we got first entry buy signal but price did not close high of candle in london session .so that day chance price can go any side ..
Example 4 -Feb signal and later confirm buy entry
in this above example we got imbalance of volume and feb(first entry buy signal) but we dont get any confirm buy signal price is just going high then previous candle ..later we see price crossover high of previous candle we got confirm buy signal
Use Of Indicator - This indicator helps traders identify potential trade setups by signaling the first entry points and confirming them later. It's particularly useful for avoiding getting caught in price rotations and aligning trades with significant volume and price movements. Traders should analyze price action and news before confirming a trade.
Institutional Activity Index [AlgoAlpha]🌟 Introducing the Institutional Activity Index by AlgoAlpha 🌟
Welcome to a powerful new indicator designed to gauge institutional trading activity! This cutting-edge tool combines volume analysis with price movement to derive a unique index that shines a spotlight on potential institutional moves in the market. 🎯📈
Key Features:
🔍 Normalization Period : Adjust the look-back period for normalization to tailor the sensitivity to your trading strategy.
📊 Moving Average Types : Choose from SMA, HMA, EMA, RMA, WMA, or VWMA to smooth the index and pinpoint trends.
🌈 Color-Coded Trends : Instant visual feedback on index trend direction with customizable up and down colors.
🔔 Alerts : Set alerts for when the index shows increasing activity, decreasing activity, or has reached a peak.
Quick Guide to Using the Institutional Activity Index:
1. 📝 Add the Indicator: Add the indicator to favorites. Adjust the normalization period, MA type, and peak detection settings to match your trading style.
2. 📈 Market Analysis: Similar to volume that reflects the amount of collective trading activity, this index reflects an estimate of the amount of trading activity by institutions. A higher value means that institutions are trading the asset more, this can mean selling or buying as the indicator does not indicate direction . Look out for peak signals, which may indicate that institutions have already secured positions in preparation for a move in price.
3. 🔔 Set Alerts: Enable alerts to notify you when there is a significant change in the activity levels or a new peak is detected, allowing for timely decisions without constant monitoring.
How It Works: 🛠
It is common knowledge that institutions trade with high amounts of capital, but employ tactics so as to not move the price significantly when entering on positions. This can be done by entering in times of high liquidity so that when an institution buys, there are enough sellers to cancel out the price movements and prevent a huge pump in price and vice versa. The Institutional Activity Index calculates liquidity by measuring the volume relative to the price range (close-open). This value is smoothed using median and a user defined moving average type and period, enhancing its clarity. If normalization is enabled, the index is adjusted relative to its range over a user-defined period, making the data comparable across different conditions.
Embrace this innovative tool to enhance your trading insights and strategies! 🚀✨
Volume Spectrum Candles"Volume Spectrum Candles" is a visually intuitive trading indicator that enhances candlestick charts by incorporating trading volume directly into the color of each candle.
Purpose and Utility:
This tool assigns a unique color gradient to candlesticks, which varies from light to dark based on the volume of trades executed. This feature allows traders to immediately recognize and differentiate periods of varying trading activity at a glance.
Target User:
It is specifically designed for traders who integrate volume analysis into their trading strategies, offering a seamless blend of visual cues and technical data.
Benefits:
By providing a visual representation of volume intensity, traders can more effectively identify key market movements, helping to determine optimal entry and exit points. The color gradation adds a layer of quick analysis, making it easier to spot trends in trading volume without the need for additional indicators.
Application and Versatility:
Whether used by day traders to capture short-term price movements or by long-term investors to gauge broader market sentiment, "Volume Spectrum Candles" serves as a valuable addition to any trading setup.
Volume Buyer-Seller [GOODY]This indicator was designed to analyze buying and selling pressure through volume calculations, providing insights into market dynamics. It can be used to determine whether buyers or sellers dominate the market at any given time.
Key Features
1. Volume Calculations: This indicator calculates the volume attributable to buyers and sellers for each bar, then represents it as buying and selling columns on the chart. It also provides the average volume over a specified period for context.
2. Dominance Logic: By comparing the buying and selling volumes, the indicator determines which side (buyers or sellers) has dominance. If the difference between the two is within a specified threshold, the market is considered indecisive.
3. Dominance Marker: Circles or squares appear on the chart to indicate the dominant force, helping traders quickly assess market sentiment. The colors of these markers can be customized.
4. Label Display: The indicator displays a comprehensive label on the chart with information like total volume, buyer/seller percentages, average volume, ratio, and ATR (Average True Range) details. This label can show current or past data depending on user preference.
5. Ratio and Control: A critical component is the ratio, calculated as the proportion of buying volume to selling volume. This ratio is a key indicator of market sentiment, with an appended symbol to denote whether buyers or sellers are in control.
How to Use
• Settings: Adjust the settings to align with your trading strategy. You can modify the length for average volume, ATR, and other parameters to suit your trading style.
• Volume Analysis: Monitor the buying and selling columns to determine market activity. The larger columns indicate higher volume, suggesting a strong buying or selling pressure.
• Dominance: Pay attention to the dominance markers. Green markers indicate buying dominance, while red markers signify selling dominance. If the market is indecisive, the marker will be gray.
• Ratio: A ratio above 1 suggests buying dominance, while a ratio below 1 indicates selling dominance. The ratio's appended color tag helps quickly identify which side is in control.
• Labels: The labels provide a snapshot of key data, including total volume, buyer/seller percentages, average volume, ratio, and ATR. This information is helpful in understanding overall market conditions.
Reading the Indicator
• Buying and Selling Columns: These represent the respective volumes for each side. Positive columns are buying volumes, and negative columns are selling volumes.
• Dominance Circles: A circle appears at the zero baseline to show which side is currently dominant. A blue circle indicates buying dominance, while a red circle indicates selling dominance.
• Ratio with Dominance: The label includes a ratio with a tag showing who is in control. A green tag indicates buyers, and a red tag indicates sellers.
• ATR and Average Volume: The label provides additional context with ATR and average volume, helping you understand volatility and relative volume.
Volume Gauge Addition : Introduced a volume gauge display option to visualize the relative strength of buying vs. selling volumes. Users can toggle this feature on or off according to their analysis needs.
Total Volume
Metric: Displays "Total Vol."
Value: Shows the total trading volume for the current bar, formatted in a human-readable format (K for thousands, M for millions). Additionally, it shows the percentage of this volume relative to the average volume, aiding in understanding volume spikes or drops.
Usage: Compare current volume to historical averages to identify unusual market activity.
Average Volume
Metric: Displays "Avg Vol."
Value: Shows the simple moving average of the volume over a user-defined period, formatted similarly to Total Volume.
Usage: Helps determine if current volume is above or below average, indicating potential interest or disinterest in the asset.
Buyers
Metric: Displays "BUYERS."
Value: Shows the volume of buying calculated from the upward price movements within the bar, along with its percentage of the total volume.
Usage: Spot dominance in buying activity which might suggest bullish conditions.
Sellers
Metric: Displays "SELLERS."
Value: Shows the volume of selling calculated from the downward price movements within the bar, along with its percentage of the total volume.
Usage: Spot dominance in selling activity which might suggest bearish conditions.
Delta
Metric: Displays "Delta."
Value: Shows the difference between buying and selling volumes, providing a quick snapshot of which side of the market is exerting more pressure.
Usage: Use to gauge overall market sentiment and potential price direction.
Ratio
Metric: Displays "Ratio."
Value: Shows the ratio of buying volume to selling volume, providing insight into the relative strength of buyers vs. sellers.
Usage: Ratios significantly above or below 1 can indicate strong market biases.
ATR (Average True Range)
Metric: Displays "ATR."
Value: Shows the current ATR value to gauge volatility, with an arrow indicating the direction of change from the previous bar’s ATR.
Usage: Utilize to assess market volatility and potentially adjust trading strategies or risk management settings.
Dynamic Background Colors
The table employs dynamic background colors for certain metrics to visually represent data intensity or significance:
Total Volume: Changes color based on the percentage relative to the average volume.
Buyers/Sellers: The background color indicates whether buying or selling is dominant.
Delta and Ratio: Colors change based on their calculated values to reflect market conditions quickly.
What is Volume Delta?
Volume delta, also known as volume difference or volume delta divergence, refers to the difference between buying (accumulation) and selling (distribution) volumes within a given time period. It provides a quantitative measure of the net buying or selling pressure in the market.
How to Use Volume Delta:
Identifying Market Sentiment:
Positive delta values indicate that buying volume exceeds selling volume, suggesting bullish sentiment.
Negative delta values indicate that selling volume exceeds buying volume, suggesting bearish sentiment.
Confirming Price Movements:
Volume delta can be used to confirm price movements. For example, if prices are rising and volume delta is positive, it may suggest that the uptrend is supported by strong buying interest.
Conversely, if prices are falling and volume delta is negative, it may suggest that the downtrend is supported by strong selling pressure.
Spotting Divergence:
Divergence between price and volume delta can signal potential trend reversals. For example, if prices are rising but volume delta is declining (or vice versa), it may indicate weakening momentum and a possible reversal in trend.
Confirming Breakouts:
Volume delta can help confirm breakout moves. For instance, a breakout accompanied by increasing positive delta values may suggest strong buying interest and validate the breakout.
In summary, volume delta provides valuable insights into market sentiment and can be used alongside price action analysis to make more informed trading decisions.
[EmreKb] Volume AnalysisI've noticed that many Pine coders calculate buy and sell volumes by considering the volume of a bullish candle as buy volume and the volume of a bearish candle as sell volume. However, I believe this approach isn't very logical, especially for candles with long wicks like pinbars.
Therefore, I've devised a method to calculate the buy and sell volumes of a candle by separately considering the sizes of its top and bottom wicks and its body. I distribute the volume of the candle equally among its top wick, body, and bottom wick sizes. If the candle is bearish, I consider the body volume as sell volume; if bullish, as buy volume. For the top and bottom wick volumes, since there's a two-way movement, I allocate half to buy volume and the other half to sell volume.
This indicator displays the sum of buy and sell volumes retrospectively up to the "lookback" value on the candle. You can set the lookback value to 1 to only visualize the buy and sell volume distribution of a single candle.
If this method has been used by another Pine coder, please inform me!
EM Visible Range Volume Profile█ OVERVIEW
ᴇᴍ VRVP (Visible Range Volume Profile) indicator calculates the volume profile within the visible range of prices.
Volume Profile is an advanced technical analysis indicator that shows trading activity over a specified period of time at certain price levels.
The indicator plots a histogram on the chart that reflects dominant or significant price levels based that are based on volume.
VP concept
VP Components
Open, High, Low, Close:
There are different types of volume profile indicators but the majority of them will designate the OHLC.
Point of Control:
A price level with the most traded volume during one session, also known as POC.
High Volume Node (HVN):
Area of high volume relative to surrounding price action.
Low Volume Node (LVN):
Area of low volume relative to surrounding price action.
Analysis of price in relation to high and low volume nodes is useful when building context around your trades.
█ VOLUME PROFILE STRATEGIES
The distribution of a volume profile can help you determine the strength of a trend and spot potential reversal zones. Let’s take a look at the five different distribution types.
Neutral D
In order for price to break away from value, either the buyers or the sellers will have to become more aggressive than the other side. When this occurs, it gives us with a vital piece of information.
Now we know who were the agressors at this price level: either the buyers or the sellers. That's why this is a good level for a trading setup if the price bounces back.
Bearish P and Bullish P
Bearish P — reversal. Bullish P — confirmation.
Bearish Ь and Bullish Ь
Bearish Ь — confirmation. Bullish Ь — reversal.
Examples
█ INPUTS
Width — amplitude of the VP histogram.
Grid — the number of columns of the VP histogram.
Delta of volumes — combinatorial determination of the ratios of sellers and buyers.
In quoted units — conversion in units of quoted currency.
Logarithmic scale — recalculation the grid step to the logarithmic scale of the chart.
HTF — (Higher Timeframe) calculation of VP for the period of the selected timeframe. ISO: Isolated computation in HTF period.
Palette: Total volume, Volume of buyers, Volume of sellers, HTF bars.
Warnings: colour of the «⚠» icon, language of information in the Tooltip.
Addition: ᴇᴍ CHN-RMA — a grid of moving averages with periods of centered hexagonal numbers.
█ ОБЩИЕ СВЕДЕНИЯ
ᴇᴍ VRVP (Visible Range Volume Profile) рассчитывает профиль объёма в видимом диапазоне цен.
Профиль объёма — это продвинутый индикатор технического анализа, который показывает торговую активность за условленный период времени на определённых ценовых уровнях.
Индикатор строит на графике гистограмму, отражающую доминирующие или значимые ценовые уровни, основанные на объёме.
█ НАСТРОЙКИ
Ширина — амплитуда гистограммы VP.
Сетка — количество колонок гистограммы VP.
Дельта объёмов — комбинаторное определение соотношений продаж и покупок.
В котируемых единицах — пересчёт в единицах котируемой валюты.
Логарифмическая шкала — пересчёт шага сетки на логарифмическую шкалу графика.
HTF — (Higher Timeframe) расчёт VP за период выбранного таймфрейма. ISO: Изолированное вычисление в HTF-периоде.
Палитра: Суммарный объём, Объём покупок, Объём продаж, Бары HTF.
Предупреждения: цвет значка «⚠», язык информации в Tooltip.
Дополнение: ᴇᴍ CHN-RMA — сетка скользящих средних с периодами центрированных гексагональных чисел.
Bullish/Bearish VolumeThe "Bullish/Bearish Volume" indicator helps traders identify discrepancies between price movement and trading volumes. Sometimes the price trends in one direction while trading volumes indicate opposing intentions among market participants. This indicator aims to identify such divergences, assisting traders in making more informed and balanced trading decisions.
Key features:
1. Directional Volume Differences: The indicator calculates volumes by separating them into two main categories: buying and selling. When the closing price is higher than the opening price, buying volume is shown in green, while selling volume is shown in red when the closing price is lower than the opening price. This accurate classification helps identify which volume type predominates in the current interval.
2. Histograms by Fixed Time Intervals: Collecting data from a fixed time interval (1 minute), the indicator analyzes and sums up buying and selling volumes regardless of the selected chart timeframe. This provides a more detailed market view, allowing traders to accurately gauge sentiment within any chosen timeframe.
3. Total Volume: The indicator aggregates buying and selling volumes, representing total trading activity in gray transparent bars. This gives traders a clear visual representation of overall volume activity in the market for a selected period.
4. Volume Delta and its Moving Average: The volume delta (the difference between buying and selling volumes) is highlighted in blue, allowing for monitoring shifts in the balance of buying and selling power. Additionally, the indicator includes a moving average of the delta, shown as a blue line, to smooth out short-term fluctuations and help traders easily identify long-term trends in volume shifts.
5. Volume Volatility: A histogram representing volume volatility offers insight into trading activity variability, uncovering abnormal spikes or lulls in market dynamics.
Bullish/Bearish Volume is a powerful tool that can break down market flows into understandable signals, enabling traders to better recognize imbalances and make informed decisions.
Enhanced Volume by SR7SiddharthaRay007's Enhanced Volume Indicator works on any Timeframe
⦿ Volume Labels:
1. Current Volume, Volume Change%, Average Volume, Average Doller Volume, Up/Down Ratio, ADR%.
=>Average value can be changed using 'Lookback Length' (Default: 20)
⦿ Simple Moving Average: MA (Default: 50). Color of MA changes based on the up down volume ratio.
1. Up/Down Ratio > 1: Blue
2. Up/Down Ratio < 1: Orange
⦿ Volume Bar Colors:
1. High Relative Volume Positive Candle: Lime Green .
2. High Relative Volume Negative Candle: Red .
3. Normal Volume Positive Candle: Blue .
4. Normal Volume Negative Candle: Fuchsia .
5. Low Relative Volume Positive/Negative Candle: Orange .
=>High Relative Volume > 300% of Average Volume; Low Relative Volume < 30% of Average Volume
⦿ Pocket Pivot (A pocket pivot is an up day with volume greater than any of the down days volume in the past 10 days)
1. 10 day Pocket Pivots: Lime Green Diamond below volume bar
2. 5 day Pocket Pivots: Blue Diamond below volume bar
⦿ 'Highest Volume (HV) ' on top of the Volume Bar:
1. Highest Volume Ever (HVE)
2. Highest Volume in Over a Year (HVY)
⦿ Projected Volume Bar: Aqua
⦿ Plot a line at 2x and 3x Average Volume and set Alerts
