ES Trend-following Strategy with ExitsES Trend-following Strategy with Exits
This Pine Script strategy is designed for trend-following in the ES futures market using the 9 EMA and 50 EMA crossovers, along with RSI and VWAP filters.
Features
Entry Signals:
Long: When the 9 EMA crosses above the 50 EMA, price is above VWAP, and RSI is within the oversold/overbought range.
Short: When the 9 EMA crosses below the 50 EMA, price is below VWAP, and RSI is within the oversold/overbought range.
Exit Signals:
The exit signals provided in this strategy are based on the 9 EMA crossing back below the 50 EMA for long positions, or above the 50 EMA for short positions. However, these exit signals may not be 100% accurate every time.
To ensure you are exiting at the right time, always confirm that the 9 EMA has crossed the 50 EMA before closing your position. If the crossover hasn't occurred, it’s better to wait for it to happen, as exiting too early might result in missed profits.
Note: The exit logic will be refined and updated in future versions to provide more effective and reliable trend reversal signals.
Alerts: Alerts are triggered for entry and exit signals for both long and short positions.
This strategy helps capture strong trends, and the exit logic will be improved for better trend reversal confirmation in future updates.
Note: This script is for educational purposes and should be used at your own discretion. Always test strategies thoroughly before live trading.
Volume
SOLUSDT for binance V2SOLUSDT 1시간 봉을 위한 전략
시그날 봇 거래를 위해서 만들어 봄
1거래씩만 하고 잔고 100% 사용, 커미션 0.06% 설정
수익 4%
손절 1.5%
트레이딩뷰 특징 상 딱 들어 맞지는 않습니다.
Volume Bars [jpkxyz]
Multi-Timeframe Volume indicator by @jpkxyz
This script is a Multi-Timeframe Volume Z-Score Indicator. It dynamically calculates /the Z-Score of volume over different timeframes to assess how significantly current
volume deviates from its historical average. The Z-Score is computed for each
timeframe independently and is based on a user-defined lookback period. The
script switches between timeframes automatically, adapting to the chart's current
timeframe using `timeframe.multiplier`.
The Z-Score formula used is: (current volume - mean) / standard deviation, where
mean and standard deviation are calculated over the lookback period.
The indicator highlights periods of "significant" and "massive" volume by comparing
the Z-Score to user-specified thresholds (`zScoreThreshold` for significant volume
and `massiveZScoreThreshold` for massive volume). The script flags buy or sell
conditions based on whether the current close is higher or lower than the open.
Visual cues:
- Dark Green for massive buy volume.
- Red for massive sell volume.
- Green for significant buy volume.
- Orange for significant sell volume.
- Gray for normal volume.
The script also provides customizable alert conditions for detecting significant or massive buy/sell volume events, allowing users to set real-time alerts.
David_candle length with average and candle directionThis indicator,
calculates the difference between the highest and lowest price (High-Low difference) for a specified number of periods and displays it in a table. Here are the functions and details included:
Number of Periods: The user can define the number of periods (e.g., 10) for which the High-Low differences are calculated.
Table Position: The position of the table that displays the results can be selected by the user (top left, top right, bottom left, or bottom right).
High-Low Difference per Candle: For each defined period, the difference between the highest and lowest price of the respective candle is calculated.
Candle Direction: The color of the displayed text in the table changes based on the candle direction:
Green for bullish candles (close price higher than open price).
Red for bearish candles (close price lower than open price).
White for neutral candles (close price equal to open price).
Average: Below the High-Low differences, the average value of the calculated differences is displayed in yellow text.
This indicator is useful for visually analyzing the volatility and movement range within the recent candles by highlighting the average High-Low difference.
Free Imbalance FinderThis Script is an Imbalance Finder, imbalance also goes by the name FVG/Fair Value Gap.
This indicator will automatically highlight and create boxes for Bearish and Bullish Imbalances/FVGs on your Chart.
The indicator is very minimalistic, with only a few settings in the Settings Menu of the Indicator.
You can change the Color of the Boxes and the Border color for the Boxes/Rectangles it will highlight on your chart.
This indicator will also remove Mitigated Imbalances/FVGs when price Fills over 50% of them.
Imbalances/FVGs is very useful, and this indicator will help you identify them on your Candle Stick Chart. If Price is pushing price hard in one dication, without much pullback, you will often see large Gaps. Often called Imbalances or FVGs.
Most people trading ICT or Smart Money Concepts use the concept of Imbalances/FVGs.
And for those people trading that style, this indicator can be helpful.
Use cases:
1.
If you look at XAU/USD on the 1min timeframe, you will often see that Price tends to not leave much 1min Imbalances/FVGs. So with this indicator, you can easily observe how Price is reacting in areas where there is left behind areas of unmitigated Imbalances/FVGs.
2.
If you are Trading Supply and Demand strategies with Orderblocks, and you have an Imbalance Below your Supply, or above your Demand zone. This indicator will Highlight that imbalance for you. Considering the nature of how Imbalances/FVGs is created, often with a big push/momentum in on direction. The Start of the push is often a Supply/Demand zone.
VPA Volume Price AverageDescription:
This indicator displays a moving average of volume and its signal line in a separate pane, with conditional highlighting to help interpret buyer and seller pressure. It’s based on two main lines:
Volume Moving Average (red line) : represents the average volume calculated over a configurable number of periods.
Signal Line of the Volume Moving Average (blue line): this is an average of the volume moving average itself, used as a reference for volume trends.
Key Features
Volume Moving Average with Conditional Highlighting:
The volume moving average is plotted as a red line and changes color based on two specific conditions:
The closing price is above its moving average, calculated over a configurable number of periods, indicating a bullish trend.
The volume moving average is greater than the signal line, suggesting an increase in buyer pressure.
When both conditions are met, the volume moving average turns green. If one or both conditions are not met, the line remains red.
Signal Line of the Volume Moving Average:
The signal line is plotted in blue and represents a smoothed version of the volume moving average, useful for identifying long-term volume trends and as a reference for the highlighting condition.
Customizable Periods
The indicator allows you to set the periods for each average to adapt to different timeframes and desired sensitivity:
Period for calculating the volume moving average.
Period for calculating the signal line of the volume moving average.
Period for the price moving average (used in the highlighting condition).
How to Use
This indicator is especially useful for monitoring volume dynamics in detail, with a visual system that highlights conditions of increasing buyer strength when the price is in an uptrend. The green highlight on the volume moving average provides an intuitive signal for identifying potential moments of buyer support.
Try it to gain a clearer and more focused view of volume behavior relative to price movement!
Ultimate SMC [smart-money-indicators] This indicator is a tool to support the "SMC" strategy.
This indicator does not provide entry or exit signals.
This indicator is a tool to mark key price areas.
This indicator is a tool to mark key time areas.
This indicator is particularly distinguished by its high customizability of tools,
setting it apart from the indicators currently available on the TradingView platform.
Moreover, unlike other "SMC indicators," this one does NOT use pivot points to identify Change of Character (ChoCh) or Break of Structure (BoS).
The following key areas are marked with lines or boxes:
Structure Breaks:
- Bearish Change of Character
- Bearish Break of Structure
- Bullish Change of Character
- Bullish Break of Structure
Premium/Discount Zone:
- Premium/Discount area of the current range, since the last ChoCh or BoS
Potential Buy/Sell Zones (including historical or mitigated):
- Bullish orderblocks
- Bearish orderblocks
Momentum Indicators:
- Bullish Fair Value Gaps
- Bearish Fair Value Gaps
How can I use or interpret these areas?
Structure Breaks:
- If the indicator shows bullish structure breaks in the form of ChoCh or BoS, it indicates a bullish trend.
- If the indicator shows bearish structure breaks in the form of ChoCh or BoS, it indicates a bearish trend.
Premium/Discount Zone:
- If the price is in the premium zone, it indicates that the current price is "expensive," and you should look for sell signals.
- If the price is in the discount zone, it indicates that the current price is "cheap," and you should look for buy signals.
Order Blocks:
- Bearish order blocks indicate strong selling pressure in that area, and you can look for sell signals.
- Bullish order blocks indicate strong buying pressure in that area, and you can look for buy signals.
Momentum Indicators:
- Bullish Fair Value Gaps that form after the creation of an order block may indicate strong buying pressure and confirm a bullish trend.
- Bearish Fair Value Gaps that form after the creation of an order block may indicate strong selling pressure and confirm a bearish trend.
Ultimate ICT [smart-money-indicators]This indicator is a tool to support the "ICT" strategy.
This indicator does not provide entry or exit signals.
This indicator is a tool to mark key price areas.
This indicator is a tool to mark key time areas.
This indicator is particularly distinguished by its high customizability of tools,
setting it apart from the indicators currently available on the TradingView platform.
The following key areas are marked with the help of lines, boxes, background color, or plots:
Time Separators:
- Monthly separator
- Weekly separator
- Daily separator
Liquidity Zones:
- Daily highs/lows
- Weekly highs/lows
- Monthly highs/lows
- Asia Session (during or after the session)
- London Session (during or after the session)
- New York Session (during or after the session)
- London Close Session (during or after the session)
- Session Quarters
- Central Banks Dealer Range
Opening Prices/Average Prices:
- Weekly opening price
- New Week Open Gap
- Daily opening price
- Premium/Discount zone of the day (50% line)
- New York Midnight Open price
- New York Session Open price
Manipulation Times:
- 3 Silver Bullet times
- Macros
How can I use or interpret these areas?
Liquidity Zones:
The liquidity zones used here are time-based.
Liquidity zones can be used, depending on the reaction, either to confirm the continuation of the current trend
or as a signal for a reversal of the current trend.
Opening Prices/Average Prices:
These can be used as separators between the premium and discount zones.
If the price is below one of these values, you are in the discount zone and might look for buy signals.
If the price is above one of these values, you are in the premium zone and might look for sell signals.
ROCnRollThe ROCnRoll indicator can be used on any asset and aims to generate bullish or bearish signals based on market trends, assisting investors in making buy or sell decisions.
This technical indicator combines two well-known and complementary indicators:
The Rate of Change (ROC)
The Exponential Moving Average (EMA)
With these two tools, the ROCnRoll indicator accurately, precisely, and flexibly reflects the volatility of the analyzed asset prices.
Injected Volume Footprint (IVF)Reading volume footprints to interpret buying and selling pressure involves examining the intensity and timing of buy/sell activity within each candle. Although this IVF indicator does not directly show the sequence of buying and selling events within a single candle (as a true footprint chart would), here’s how you can interpret the volume data presented by IVF to get insights on market pressure:
Step 1: Identifying Strong Pressure
Check Color Intensity:
Darker shades represent higher intensity for both buy and sell volumes.
Look for dark green shades for strong buying pressure and dark red or orange shades for strong selling pressure. This helps you quickly spot candles with a high level of activity on one or both sides.
Check Volume Stacking:
Since buy volumes are above the zero line and sell volumes are below, large differences between the two suggest dominance by one side.
If buy volume is significantly higher (e.g., tall green bar with a small red/yellow bar underneath), buying pressure is dominant. Conversely, if sell volume is larger (tall red/yellow bar with a small green bar above), selling pressure dominates.
Step 2: Interpreting Both Buy and Sell Activity
Simultaneous Pressure:
If you see strong green (buy) and red/yellow (sell) volumes within the same candle, it indicates that there was active trading on both sides during that period.
This scenario might suggest a battle between buyers and sellers—often seen near critical support or resistance levels where both sides are actively defending their positions.
Balance vs. Imbalance:
Balanced Pressure: When buy and sell volumes are similar in size, it indicates a period of indecision or a potential consolidation. This usually happens when neither buyers nor sellers have a clear upper hand.
Imbalanced Pressure: If one side has a much larger volume than the other, it shows a clear dominance. For instance, if green buy volume dominates, it means buyers were willing to absorb sell orders aggressively, suggesting a possible uptrend.
Step 3: Estimating Sequence (Hypothetical)
Although IVF doesn’t provide a direct sequence, you can make educated guesses based on context:
Price Action Context:
If the candle opens and initially moves down but then closes higher (bullish candle), it might indicate that selling pressure came first and buying pressure followed, pushing the price up.
Conversely, if the candle opens and moves up first but closes lower (bearish candle), buying might have started first but was overtaken by selling pressure.
Volume Reaction to Price Levels:
At support levels, if you see strong buy volumes with some sell volumes, it might mean initial selling pressure was absorbed by buyers defending the level.
At resistance levels, if sell volume increases with some buy activity, it may indicate initial buying was met by aggressive selling, potentially reversing the price.
Trend Context:
In an uptrend, strong sell volume within an otherwise bullish candle may indicate profit-taking or the start of a pullback, as sellers try to cap further gains.
In a downtrend, strong buy volume in a bearish candle may indicate potential accumulation or buyers attempting to slow the decline, signaling a possible reversal if the trend weakens.
Conclusion
The IVF indicator doesn’t provide the exact sequence of events within each candle like true footprint data would, but by analyzing the intensity, balance, and context within the price action, you can get a reasonable sense of which side was more aggressive and how both buying and selling pressures interacted.
Effective Volume (ADV) v3Effective Volume (ADV) v3: Enhanced Accumulation/Distribution Analysis Tool
This indicator is an updated version of the original script by cI8DH, now upgraded to Pine Script v5 with added functionality, including the Volume Multiple feature. The tool is designed for analyzing Accumulation/Distribution (A/D) volume, referred to here as "Effective Volume," which represents the volume impact in alignment with price direction, providing insights into bullish or bearish trends through volume.
Accumulation/Distribution Volume Analysis : The script calculates and visualizes Effective Volume (ADV), helping traders assess volume strength in relation to price action. By factoring in bullish or bearish alignment, Effective Volume highlights points where volume strongly supports price movements.
Volume Multiple Feature for Volume Multiplication : The Volume Multiple setting (default value 2) allows you to set a multiplier to identify bars where Effective Volume exceeds the previous bar’s volume by a specified factor. This feature aids in pinpointing significant shifts in volume intensity, often associated with potential trend changes.
Customizable Aggregation Types : Users can choose from three volume aggregation types:
Simple - Standard SMA (Simple Moving Average) for averaging Effective Volume
Smoothed - RMA (Recursive Moving Average) for a less volatile, smoother line
Cumulative - Accumulated Effective Volume for ongoing trend analysis
Volume Divisor : The “Divide Vol by” setting (default 1 million) scales down the Effective Volume value for easier readability. This allows Effective Volume data to be aligned with the scale of the price chart.
Visualization Elements
Effective Volume Columns : The Effective Volume bar plot changes color based on volume direction:
Green Bars : Bullish Effective Volume (volume aligns with price movement upwards)
Red Bars : Bearish Effective Volume (volume aligns with price movement downwards)
Moving Average Lines :
Volume Moving Average - A gray line representing the moving average of total volume.
A/D Moving Average - A blue line showing the moving average of Accumulation/Distribution (A/D) Effective Volume.
High ADV Indicator : A “^” symbol appears on bars where the Effective Volume meets or exceeds the Volume Multiple threshold, highlighting bars with significant volume increase.
How to Use
Analyze Accumulation/Distribution Trends : Use Effective Volume to observe if bullish or bearish volume aligns with price direction, offering insights into the strength and sustainability of trends.
Identify Volume Multipliers with Volume Multiple : Adjust Volume Multiple to track when Effective Volume has notably increased, signaling potential shifts or strengthening trends.
Adjust Volume Display : Use the volume divisor setting to scale Effective Volume for clarity, especially when viewing alongside price data on higher timeframes.
With customizable parameters, this script provides a flexible, enhanced perspective on Effective Volume for traders analyzing volume-based trends and reversals.
Salman Indicator: Multi-Purpose Price ActionSalman Indicator: Multi-Purpose Price Action Tool for Pin Bars, Breakouts, and VWAP Anchoring
This indicator provides a comprehensive suite of price action insights, designed for active traders looking to identify key market structures and potential reversals. The script incorporates a Quarterly VWAP for trend bias, marks pin bars for possible reversal points, highlights outside bars for volatility signals, and indicates simple breakouts and pivot-level breaks. Customizable settings allow for flexibility in various trading styles, with default settings optimized for daily charts.
Outside Bars : Represented by an ⤬ symbol on the chart, these indicate bars where the current high is greater than the previous bar’s high, and the low is lower than the previous bar’s low, signaling high volatility and potential market reversals.
Pin Bars : Denoted by a small dot at the top or bottom of a candle’s wick, these are crucial signals of potential reversal areas. Pin bars are identified based on the percentage length of their shadows, with adjustable strictness in settings.
Quarterly VWAP : The light blue line on the chart represents the VWAP (Volume-Weighted Average Price), which is anchored to the Quarterly period by default. The VWAP acts as a directional bias filter, helping you to determine underlying market trends. This period, source, and offset are fully adjustable in the script’s settings.
Simple Breaks : Hollow candles on the chart indicate "simple breaks," defined when the current bar closes above the previous high or below the previous low. This is an effective way to highlight directional momentum in the market.
Bonus Pivot Breaks : The tilde symbol ~ appears when the price closes above or below prior pivot high/low levels, helping traders spot significant breakout or breakdown points relative to recent pivots.
Alerts
Simple Breaks : Alerts you when a breakout occurs beyond the previous bar’s high or low. Pin Bars : Notifies you of potential reversal points as indicated by bullish or bearish pin bars. Outside Bars : Triggers an alert whenever an outside bar is detected, indicating possible volatility changes.
How to Use
VWAP for Trend Bias : Use the Quarterly VWAP line to gauge overall market trend, with settings that allow adjustment to daily, weekly, monthly, or even larger time frames.
Pin Bars for Reversal Potential : Look for the dot markers on candle wicks, where the strictness of the pin bar detection can be adjusted via settings to match your trading preference.
Simple and Pivot Breaks for Momentum : Watch for hollow candles and the tilde symbol ~ as indicators of potential breakout momentum and pivot break levels, respectively.
This script can serve traders on multiple timeframes, from daily to weekly and beyond. The flexible configuration allows for adjustments in VWAP anchoring and pin bar criteria, providing a tailored fit for individual trading strategies.
Cumulative Volume Delta Custom AlertDescription
This script calculates and visualizes the Cumulative Volume Delta (CVD) on multiple timeframes, enabling traders to monitor volume-based price action dynamics. The CVD is calculated based on up and down volume approximations and displayed as a candle plot, with color-coded alerts when significant changes occur.
Key Features:
Multi-Timeframe Analysis: The script uses a customizable anchor period and a lower timeframe for scanning, allowing it to capture more granular volume movements.
Volume-Based Trend Detection: Plots CVD candles with color indicators (teal for increasing volume delta, red for decreasing), helping traders to visually track volume trends.
Dynamic Alerts for Volume Shifts:
Triggers an alert when there is a significant (over 25%) change in CVD between consecutive periods.
The alert marker color adapts based on the current CVD value:
Blue when the current CVD is positive.
Yellow when the current CVD is negative.
Markers are placed above bars for volume increases and below for volume decreases, simplifying visual analysis.
Customizable Background Highlight: Adds a background highlight to emphasize significant CVD changes.
Use Cases:
Momentum Detection: Traders can use alerts on large volume delta changes to identify potential trend reversals or continuation points.
Volume-Driven Analysis: CVD helps distinguish buy and sell pressure across different timeframes, ideal for volume-based strategies.
How to Use
Add the script to your TradingView chart.
Configure the anchor and lower timeframes in the input settings.
Set up alerts to receive notifications when a 25% change in CVD occurs, with color-coded markers for easy identification.
VolWRSI### Description of the `VolWRSI` Script
The `VolWRSI` script is a TradingView Pine Script indicator designed to provide a volume-weighted Relative Strength Index (RSI) combined with abnormal activity detection in both volume and price. This multi-faceted approach aims to enhance trading decisions by identifying potential market conditions influenced by both price movements and trading volume.
#### Key Features
1. **Volume-Weighted RSI Calculation**:
- The core of the script calculates a volume-weighted RSI, which gives more significance to price movements associated with higher volume. This helps traders understand the strength of price movements more accurately.
2. **Abnormal Activity Detection**:
- The script includes calculations for abnormal volume and price changes using standard deviation (SD) multiples. This feature alerts traders to potential unusual activity, which could indicate upcoming volatility or market manipulation.
3. **Market Structure Filtering**:
- The script assesses market structure by identifying pivot highs and lows, allowing for better contextual analysis of price movements. This includes identifying bearish and bullish divergences, which can signal potential reversals.
4. **Color-Coded Signals**:
- The indicator visually represents market conditions using different bar colors for various scenarios, such as bearish divergence, likely price manipulation, and high-risk moves on low volume. This allows traders to quickly assess market conditions at a glance.
5. **Conditional Signal Line**:
- The signal line is displayed only when institutional activity conditions are met, remaining hidden otherwise. This adds an extra layer of filtering to prevent unnecessary signals, focusing only on significant market moves.
6. **Overbought and Oversold Levels**:
- The script defines overbought and oversold thresholds, enhancing the trader's ability to spot potential reversal points. Color gradients help visually distinguish between these critical levels.
7. **Alerts**:
- The script includes customizable alert conditions for various market signals, including abnormal volume spikes and RSI crossings over specific thresholds. This keeps traders informed in real-time, enhancing their ability to act promptly.
#### Benefits of Using the `VolWRSI` Script
- **Enhanced Decision-Making**: By integrating volume into the RSI calculation, the script helps traders make more informed decisions based on the strength of price movements rather than price alone.
- **Early Detection of Market Manipulation**: The abnormal activity detection can help traders identify potentially manipulative market behavior, allowing them to act or adjust their strategies accordingly.
- **Visual Clarity**: The use of color-coding and graphical elements (such as shapes and fills) provides clear visual cues about market conditions, which can be especially beneficial for traders who rely on quick visual assessments.
- **Risk Management**: The identification of high-risk low-volume moves helps traders manage their exposure better, potentially avoiding trades that may lead to unfavorable outcomes.
- **Reduced Noise with Institutional Activity Filtering**: The conditional signal line only plots when institutional activity conditions are detected, providing higher confidence in signals by excluding lower-conviction setups.
- **Customization**: With adjustable parameters for length, thresholds, and colors, traders can tailor the script to their specific trading styles and preferences.
Overall, the `VolWRSI` script combines technical analysis tools in a coherent framework, aiming to provide traders with deeper insights into market dynamics and higher-quality trade signals, potentially leading to more profitable trading decisions.
Custom Volume for scalping### **Indicator Summary: Custom Volume with Arrow Highlight**
#### **Purpose:**
This indicator visualizes volume bars in a chart, highlighting specific conditions based on volume trends. It displays arrows above the volume bars to indicate potential bullish or bearish market conditions.
#### **Key Features:**
1. **Volume Bars**:
- The indicator plots volume as columns on the chart.
- Volume bars are colored:
- **White** for bullish volume (when the closing price is higher than the opening price).
- **Blue** for bearish volume (when the closing price is lower than the opening price).
2. **Highlight Conditions**:
- The indicator identifies a sequence of three consecutive volume bars:
- The first two bars must be of the same direction (either both bullish or both bearish).
- The third bar must be of the opposite direction.
- Additionally, the third bar's volume must be greater than the previous bar's volume.
3. **Arrow Indicators**:
- When the highlight conditions are met:
- An **upward arrow** ("▲") is placed above the third volume bar for bullish conditions (when the third bar is bullish).
- A **downward arrow** ("▼") is placed above the third volume bar for bearish conditions (when the third bar is bearish).
- The arrows are colored to match the respective volume bar: white for bullish and blue for bearish.
4. **Adjustable Size**:
- The arrows are sized appropriately to ensure visibility without cluttering the chart.
#### **Use Cases:**
- This indicator can help traders identify potential reversals or continuation patterns based on volume behavior.
- It is particularly useful for traders focusing on volume analysis to confirm market trends and make informed trading decisions.
#### **Customization:**
- Users can modify the conditions and visual attributes according to their preferences, such as changing colors, sizes, and label positions.
### **Conclusion:**
The "Custom Volume with Arrow Highlight" indicator provides a straightforward and effective way to visualize volume trends and identify key market conditions, aiding traders in their decision-making processes. It combines the power of volume analysis with clear visual cues, making it a valuable tool for technical analysis in trading.
If you need any further modifications or details, let me know!
Jackson Volume breaker Indication# Jackson Volume Breaker Beta
### Advanced Volume Analysis Indicator
## Description
The Jackson Volume Breaker Beta is a sophisticated volume analysis tool that helps traders identify buying and selling pressure by analyzing price action and volume distribution. This indicator separates and visualizes buying and selling volume based on where the price closes within each candle's range, providing clear insights into market participation and potential trend strength.
## Key Features
1. **Smart Volume Distribution**
- Automatically separates buying and selling volume
- Color-coded volume bars (Green for buying, Red for selling)
- Winning volume always displayed on top for quick visual reference
2. **Real-time Volume Analysis**
- Shows current candle's buy/sell ratio
- Displays total volume with smart number formatting (K, M, B)
- Percentage-based volume distribution
3. **Technical Overlays**
- 20-period Volume Moving Average
- Dynamic scaling relative to price action
- Clean, uncluttered visual design
## How to Use
### Installation
1. Add the indicator to your chart
2. Adjust the Volume Scale input based on your preference (default: 0.08)
3. Toggle the Moving Average display if desired
### Reading the Indicator
#### Volume Bars
- **Green Bars**: Represent buying volume
- **Red Bars**: Represent selling volume
- **Stacking**: The larger volume (winning side) is always displayed on top
- **Height**: Relative to the actual volume, scaled for chart visibility
#### Information Table
The top-right table shows three key pieces of information:
1. **Left Percentage**: Winning side's volume percentage
2. **Middle Percentage**: Losing side's volume percentage
3. **Right Number**: Total volume (abbreviated)
### Trading Applications
1. **Trend Confirmation**
- Strong buying volume in uptrends confirms bullish pressure
- High selling volume in downtrends confirms bearish pressure
- Volume divergence from price can signal potential reversals
2. **Support/Resistance Breaks**
- High volume on breakouts suggests stronger moves
- Low volume on breaks might indicate false breakouts
- Monitor volume distribution for break direction confirmation
3. **Reversal Identification**
- Volume shift from selling to buying can signal potential bottoms
- Shift from buying to selling can indicate potential tops
- Use with price action for better entry/exit points
## Input Parameters
1. **Volume Scale (0.01 to 1.0)**
- Controls the height of volume bars
- Default: 0.08
- Adjust based on your chart size and preference
2. **Show MA (True/False)**
- Toggles 20-period volume moving average
- Useful for identifying volume trends
- Default: True
3. **MA Length (1+)**
- Changes the moving average period
- Default: 20
- Higher values for longer-term volume trends
## Best Practices
1. **Multiple Timeframe Analysis**
- Compare volume patterns across different timeframes
- Look for volume convergence/divergence
- Use higher timeframes for major trend confirmation
2. **Combine with Other Indicators**
- Price action patterns
- Support/resistance levels
- Momentum indicators
- Trend indicators
3. **Volume Pattern Recognition**
- Monitor for unusual volume spikes
- Watch for volume climax patterns
- Identify volume dry-ups
## Tips for Optimization
1. Adjust the Volume Scale based on your chart size
2. Use smaller timeframes for detailed volume analysis
3. Compare current volume bars to historical patterns
4. Watch for volume/price divergences
5. Monitor volume distribution changes near key price levels
## Note
This indicator works best when combined with proper price action analysis and risk management strategies. It should not be used as a standalone trading system but rather as part of a comprehensive trading approach.
## Version History
- Beta Release: Initial public version
- Features buy/sell volume separation, moving average, and real-time analysis
- Optimized for both intraday and swing trading timeframes
## Credits
Developed by Jackson based on other script creators
Special thanks to the trading community for feedback and suggestions
Volume Based Price Prediction [EdgeTerminal]This indicator combines price action, volume analysis, and trend prediction to forecast potential future price movements. The indicator creates a dynamic prediction zone with confidence bands, helping you visualize possible price trajectories based on current market conditions.
Key Features
Dynamic price prediction based on volume-weighted trend analysis
Confidence bands showing potential price ranges
Volume-based candle coloring for enhanced market insight
VWAP and Moving Average overlay
Customizable prediction parameters
Real-time updates with each new bar
Technical Components:
Volume-Price Correlation: The indicator analyzes the relationship between price movements and volume, Identifies stronger trends through volume confirmation and uses Volume-Weighted Average Price (VWAP) for price equilibrium
Trend Strength Analysis: Calculates trend direction using exponential moving averages, weights trend strength by relative volume and incorporates momentum for improved accuracy
Prediction Algorithm: combines current price, trend, and volume metrics, projects future price levels using weighted factors and generates confidence bands based on price volatility
Customizable Parameters:
Moving Average Length: Controls the smoothing period for calculations
Volume Weight Factor: Adjusts how much volume influences predictions
Prediction Periods: Number of bars to project into the future
Confidence Band Width: Controls the width of prediction bands
How to use it:
Look for strong volume confirmation with green candles, watch for prediction line slope changes, use confidence bands to gauge potential volatility and compare predictions with key support/resistance levels
Some useful tips:
Start with default settings and adjust gradually
Use wider confidence bands in volatile markets
Consider prediction lines as zones rather than exact levels
Best applications of this indicator:
Trend continuation probability assessment
Potential reversal point identification
Risk management through confidence bands
Volume-based trend confirmation
Volume TableDisplays a table of volume and short volume.
When chart timeframe is intraday or daily, table will show daily values. If chart is on weekly, table will show weekly values. If chart is on monthly, table will show monthly values.
If a ticker doesn’t have short volume, uncheck “Show Short Volume” in settings for table to work.
Table rows:
Date row (Day/Week/Month) text:
Green when close > open
Red when close < open
White when close equals open
Volume (Vol) row text:
Default: Black
If “Check for inside candles” is checked, when the high and low (or open and close if “Use H/L not O/C” is unchecked) is within the previous time period (day/week/month), text will be white
Volume (Vol) row background:
Default: Gray
Colored based on values and colors set in settings:
>= Very High Volume
>= High Volume
<= Low Volume
<= Very Low Volume
Short Volume (SV) row cell background color:
SV < “Lower Threshold”: Black
“Lower Threshold” <= SV < “Low Threshold”: Gray
“Low Threshold” < SV < First “Short Volume Color Increment”: Silver
“Short Volume Color Increment's (5 million increments by default): purple, blue, teal, green, lime, yellow, orange, red, maroon, white
Short Volume text color is just colored to be visible based on SV cell background.
There are labels that can be displayed to look back at data further back than the table goes (recommend being on the daily timeframe).
TrendWave VWAP Indicator with ATR-based SignalsThe TrendWave VWAP Indicator with ATR-Based Signals is a robust TradingView tool for traders who prioritize precision and adaptability. This indicator combines the Volume-Weighted Average Price (VWAP) with the Average True Range (ATR) to provide actionable entry and exit signals while dynamically filtering out sideways market conditions. Designed with flexibility in mind, the indicator offers extensive customization options to tailor signals and filtering to individual trading styles.
Key Features and Customizable Settings
VWAP Integration
VWAP offers a volume-weighted benchmark, ideal for tracking price trends in relation to average trading levels. Customization: Traders can enable or disable VWAP functionality via a toggle, allowing easy adjustments based on market conditions or strategy preferences.
ATR-Based Signal Levels
ATR provides volatility-based levels for precise entry and exit points by measuring average price range. Customization: Traders can set the ATR length (default: 14) and the multiplier (default: 1.5) for adjusting sensitivity. A sideways threshold can be set to control the ATR value at which the indicator pauses signals, helping to avoid low-volatility markets.
Signal Cooldown
To reduce noise in choppy conditions, a signal cooldown enforces a minimum number of bars between signals. Customization: The cooldown period (default: 10 bars) can be adjusted to match preferred trading frequency and discipline requirements.
Signal Logic
Long Entry: Activated when price crosses above the VWAP in a trending market. Cooldown applies to avoid consecutive signals.
Long Exit: Triggered when price crosses below the VWAP.
Short Entry: Initiated when price crosses below the VWAP, in non-sideways conditions.
Short Exit: Occurs when price crosses back above the VWAP following a short position.
Visual Indicators
The VWAP is displayed as a line on the chart for easy trend reference. Entry and exit signals are clearly marked with color-coded shapes, enhancing readability without clutter.
Practical Application
The TrendWave VWAP Indicator with ATR-Based Signals provides tailored entries and exits for trending markets. Its customization options make it suitable for traders who require flexibility and precision in varying market conditions. By adjusting VWAP, ATR, and cooldown parameters, users can fine-tune the indicator to suit different trading styles, making it an essential tool for disciplined trading in dynamic markets.
HMA w(LRLR)Description: This script combines a customizable Hull Moving Average (HMA) with a Low Resistance Liquidity Run (LRLR) detection system, ideal for identifying trend direction and potential breakout points in a single overlay.
Features:
Hull Moving Average (HMA):
Select separate calculation sources (open, high, low, close) for short and long periods.
Choose from SMA, EMA, and VWMA for length type on both short and long periods, offering flexible moving average calculations to suit different trading strategies.
Color-coded HMA line that visually changes based on crossover direction, providing an intuitive view of market trends.
Customizable options for line thickness, color transparency, and band fill between HMA short and long lines.
Low Resistance Liquidity Run (LRLR):
Detects breakout signals based on price and volume conditions, identifying potential liquidity run levels.
User-defined length and breakout multiplier control breakout sensitivity and adjust standard deviation-based thresholds.
Color-coded visual markers for bullish and bearish LRLR signals, customizable for user preference.
Alerts for both bullish and bearish LRLR events, keeping users informed of potential trading opportunities.
This script allows traders to visually track the HMA trend direction while also spotting low-resistance liquidity opportunities, all on one chart overlay.
Disclaimer: This tool is intended for educational purposes only and should not be used solely to make trading decisions. Adjust parameters as needed, and consider additional analysis for comprehensive decision-making.
Volume Profile Heatmap 2.0The "Enhanced Volume Profile Heatmap" is a powerful Pine Script indicator designed for advanced volume analysis on TradingView charts. It creates a dynamic heatmap of volume distribution across a defined price range, enabling traders to pinpoint significant trading levels and understand price action more deeply.
Key Features:
Configurable Parameters:
Number of Bins (numBins): Defines the resolution of the heatmap by dividing the price range into multiple levels. More bins provide higher granularity.
Lookback Period (lookback): Sets the historical period over which the volume profile is calculated.
Price Range Calculation:
Calculates the highest and lowest prices over the lookback period, defining the boundaries for volume distribution.
Volume Allocation Across Price Levels:
The price range is divided into "bins" where each bin represents a specific price level.
For each price within the lookback period, the corresponding volume is allocated to its bin, building a comprehensive distribution of volume per price level.
Volume Normalization and Heatmap Visualization:
Volume for each bin is normalized based on the highest volume bin, creating a gradient effect to visually represent high and low-volume areas.
A heatmap color scheme is applied, where low volume appears redder and high volume appears greener, emphasizing critical price levels.
Visual Representation:
Each bin’s volume is depicted as a horizontal line with varying color intensity, creating a heatmap effect directly over the price chart.
Purpose:
The Enhanced Volume Profile Heatmap is ideal for traders looking to identify high-activity trading zones, which often act as strong support or resistance. By visualizing where trading activity concentrates, users can gain insights into potential areas of interest, allowing for more informed entry and exit decisions.
This indicator is a unique tool for volume-based analysis, helping traders understand underlying market sentiment and positioning across different price levels in a clear, intuitive way.
DMI Delta by 0xjcfOverview
This indicator integrates the Directional Movement Index (DMI), Average Directional Index (ADX), and volume analysis into an Oscillator designed to help traders identify divergence-based trading signals. Unlike typical volume or momentum indicators, this combination provides insight into directional momentum and volume intensity, allowing traders to make well-informed decisions based on multiple facets of market behavior.
Purpose and How Components Work Together
By combining DMI and ADX with volume analysis, this indicator helps traders detect when momentum diverges from price action—a common precursor to potential reversals or significant moves. The ADX filter enhances this by distinguishing trending from range-bound conditions, while volume analysis highlights moments of extreme sentiment, such as solid buying or selling. Together, these elements provide traders with a comprehensive view of market strength, directional bias, and volume surges, which help filter out weaker signals.
Key Features
DMI Delta and Oscillator: The DMI indicator measures directional movement by comparing DI+ and DI- values. This difference (DMI Delta) is calculated and displayed as a histogram, visualizing changes in directional bias. When combined with ADX filtering, this histogram helps traders gauge the strength of momentum and spot directional shifts early. For instance, a rising histogram in a bearish price trend might signal a potential bullish reversal.
Volume Analysis with Extremes: Volume is monitored to reveal when market participation is unusually high, using a customizable multiplier to highlight significant volume spikes. These extreme levels are color-coded directly on the histogram, providing visual cues on whether buying or selling interest is particularly strong. Volume analysis adds depth to the directional insights from DMI, allowing traders to differentiate between regular and powerful moves.
ADX Trending Filter: The ADX component filters trends by measuring the overall strength of a price move, with a default threshold of 25. When ADX is above this level, it suggests that the market is trending strongly, making the DMI Delta readings more reliable. Below this threshold, the market is likely range-bound, cautioning traders that signals might not have as much follow-through.
Using the Indicator in Divergence Strategies
This indicator excels in divergence strategies by highlighting moments when price action diverges from directional momentum. Here’s how it aids in decision-making:
Bullish Divergence: If the price is falling to new lows while the DMI Delta histogram rises, it can indicate weakening bearish momentum and signal a potential price reversal to the upside.
Bearish Divergence: Conversely, if prices are climbing but the DMI Delta histogram falls, it may point to waning bullish momentum, suggesting a bearish reversal.
Visual Cues and Customization
The color-coded output enhances usability:
Bright Green/Red: Extreme volume with strong bullish or bearish signals, often at points of high potential for trend continuation or reversal.
Green/Red Shades: These shades reflect trending conditions (bullish or bearish) based on ADX, factoring in volume. Green signals a bullish trend, and red is a bearish trend.
Blue/Orange Shades: Indicates non-trending or weaker conditions, suggesting a more cautious approach in range-bound markets.
Customizable for Diverse Trading Styles
This indicator allows users to adjust settings like the ADX threshold and volume multiplier to optimize performance for various timeframes and strategies. Whether a trader prefers swing trading or intraday scalping, these parameters enable fine-tuning to enhance signal reliability across different market contexts.
Practical Usage Tips
Entry and Exit Signals: Use this indicator in conjunction with price action. Divergences between the price and DMI Delta histogram can reinforce entry or exit decisions.
Adjust Thresholds: Based on backtesting, customize the ADX Trending Threshold and Volume Multiplier to ensure optimal performance on different timeframes or trading styles.
In summary, this indicator is tailored for traders seeking a multi-dimensional approach to market analysis. It blends momentum, trend strength, and volume insights to support divergence-based strategies, helping traders confidently make informed decisions. Remember to validate signals through backtesting and use it alongside price action for the best results.
Engulfing Pattern & Impulse [UAlgo]The Engulfing Pattern & Impulse is a tool designed for technical traders who utilize price action and volume analysis to assess market trends and potential reversals. This indicator identifies two powerful trading signals: Engulfing Patterns and Volume Impulses, which are essential components for evaluating potential bullish or bearish market momentum.
Engulfing Patterns are classic candlestick formations often associated with reversals or trend continuations, depending on the overall trend context. This indicator highlights both bullish and bearish engulfing patterns based on configurable criteria such as trend detection settings, comparison with average body size, and a customizable body multiplier for validation. The Volume Impulse feature signals moments of significant volume compared to historical levels, which often precede substantial price movements. Together, these features provide traders with a versatile tool for better timing entry and exit points.
The indicator also offers an adaptive trend detection system, allowing traders to choose from multiple methods (e.g., SMA50 or SMA50/SMA200 combinations) to assess the trend context, making it ideal for various market conditions.
🔶Key Features
Engulfing Pattern Detection: Identifies bullish and bearish engulfing patterns with customizable parameters, including body length and average size comparison.
Configurable trend basis: Choose between SMA50 or SMA50 with SMA200 to define trend direction.
Body size multiplier: Adjust the size threshold for valid engulfing patterns, providing flexibility based on market conditions.
Volume Impulse Signal: Highlights volume spikes that meet or exceed a specified multiplier, which can indicate increased buying or selling interest.
Customizable volume period and multiplier: Allows you to tailor the volume impulse detection based on the instrument’s average volume behavior.
Trend Detection Options: Select different trend detection methods to suit various trading styles and instruments.
SMA50-based detection: Classifies the trend based on the position of price relative to the 50-period SMA.
SMA50 and SMA200 combination: Incorporates a dual-moving average approach, classifying trends based on the relationship between price, SMA50, and SMA200.
Enhanced Visualization: Distinguishes bullish and bearish signals with customizable colors, providing clear and immediate visual cues for easy interpretation.
Custom label colors: Allows you to set distinct colors for bullish, bearish, and neutral signals for quick identification.
Pattern filtering: Enable or disable specific patterns (Bullish, Bearish, or Both) based on your trading preferences.
🔶 Interpreting Indicator
Bullish Engulfing Pattern: Indicates a potential bullish reversal in a downtrend. This signal occurs when a white candlestick with a body size exceeding a specified multiplier completely engulfs the previous black candlestick. The pattern will display a “BE” label below the candle if it meets the criteria, signaling potential upward momentum.
Bearish Engulfing Pattern: Indicates a potential bearish reversal in an uptrend. A black candlestick with a body size exceeding the specified multiplier fully engulfs the previous white candlestick, signaling possible downward movement. The “BE” label appears above the candle to denote this pattern.
Volume Impulse Up: Displays a “VI” label below the candle when the volume surpasses the defined multiplier, and the price closes higher than it opened, indicating strong upward buying interest.
Volume Impulse Down: Displays a “VI” label above the candle when the volume meets or exceeds the specified threshold, and the price closes lower than it opened, signaling strong selling pressure.
Indicator uses the SMA50 and SMA200 to determine trend direction due to their popularity in technical analysis as indicators of medium- and long-term trends. The SMA50 reflects the average price over the past 50 periods, providing insight into intermediate trends, while the SMA200 is often used to identify the broader trend direction. These SMAs help traders quickly assess whether the market is in an uptrend, downtrend, or consolidation phase, enhancing decision-making for both short-term and long-term strategies.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
