Get started

Volume

Advanced HFT Detection with VWAP & SpreadsExplanation of the HFT Detection Strategy 🔹 1. Key Indicators Used in the Strategy It's works by combining VWAP, moving averages (SMA), volume spikes, and price jumps to detect potential HFT activity. ✅ (A) VWAP (Volume Weighted Average Price) VWAP acts as a benchmark price that professional traders and institutions use to execute large orders. If price is above VWAP, buyers are in control → Bullish trend If price is below VWAP, sellers are in control → Bearish trend HFT algorithms often place buy orders above VWAP and sell orders below VWAP to follow momentum. ➡️ Why VWAP? It ensures that signals follow the institutional trading trend. ✅ (B) Moving Averages (SMA) Moving averages smooth out price data and help in detecting short-term momentum changes. Fast Moving Average (5-period SMA): Reacts quickly to price changes Slow Moving Average (20-period SMA): Identifies trend direction ➡️ Why SMA? It filters noise and confirms short-term trend shifts. ✅ (C) Volume Spike Detection High-frequency trading is often accompanied by large volume surges. We define a volume spike as: 📌 Current Volume > 2× Average Volume of last 20 bars ➡️ Why Volume? HFTs execute rapid buy/sell orders when they detect liquidity, leading to sudden volume bursts. ✅ (D) Price Jump Detection (Sudden Volatility) HFT algorithms often exploit quick price movements. We check if the price has moved more than twice the ATR (Average True Range) in the last 5 bars. ➡️ Why ATR? It helps to detect abnormal price movements compared to normal volatility. 🔹 2. Trading Signal Logic Now that we have VWAP, moving averages, volume, and price movement filters, we generate buy and sell signals based on conditions. ✅ (A) Buy Signal Condition A BUY signal is triggered when: ✔ Fast SMA crosses above Slow SMA → Short-term trend is turning bullish ✔ Volume spike occurs → HFTs are active ✔ Sudden price jump detected → High volatility ✔ Price is above VWAP → Confirms bullish trend ➡️ Why this works? It confirms that institutional traders & HFTs are buying aggressively. ✅ (B) Sell Signal Condition A SELL signal is triggered when: ✔ Fast SMA crosses below Slow SMA → Short-term trend is turning bearish ✔ Volume spike occurs → HFTs are selling aggressively ✔ Sudden price drop detected → High volatility ✔ Price is below VWAP → Confirms bearish trend ➡️ Why this works? It confirms that institutional traders & HFTs are selling aggressively. 🔹 3. Visual Representation (Plotting Signals & VWAP) Once we detect buy and sell signals, we mark them on the chart. ✅ (A) Buy/Sell Markers 🟢 Buy → Green upward arrow below the candle 🔴 Sell → Red downward arrow above the candle ✅ (B) VWAP Line on Chart We also plot VWAP as a blue line to visualize trend direction. ✅ (C) Highlighting Volume Spikes To easily spot HFT activity, we highlight volume spike bars with a blue background. 🔹 4. How to Use This Strategy? 1️⃣ Apply this script on a 1-minute or 5-minute intraday chart. 2️⃣ Look for BUY signals above VWAP and SELL signals below VWAP. 3️⃣ Verify that the volume spikes before taking action. 4️⃣ Use stop-loss & risk management (e.g., stop-loss at recent low/high). 🚀 Summary: Why This Strategy Works? ✅ VWAP ensures we follow institutional traders ✅ Volume spikes confirm sudden liquidity inflows ✅ Price jumps detect fast market moves caused by HFT bots ✅ Moving averages smooth out short-term trend shifts
Pine Script® indicator
by AksharIntradayEdge
Relative Volume Indicator (RVOL)Relative Volume Indicator (RVOL) The Relative Volume Indicator (RVOL) helps traders identify unusual volume activity by comparing the current volume to the average historical volume. This makes it easier to spot potential breakouts, reversals, or significant market events that are accompanied by volume confirmation. What This Indicator Shows This indicator displays volume as a multiple of average volume, where: - 1.0x means 100% of average volume - 2.0x means 200% of average volume (twice the average) - 0.5x means 50% of average volume (half the average) Color Coding The volume bars are color-coded based on configurable thresholds: - Red: Below average volume (< Average Volume Threshold) - Yellow: Average volume (between Average Volume and Above Average thresholds) - Green: Above average volume (between Above Average and Extreme thresholds) - Magenta: Extreme volume (> Extreme Volume Threshold) Horizontal Reference Lines Three dotted horizontal reference lines help you visualize the thresholds: - Lower gray line: Average Volume Threshold (default: 0.8x) - Upper gray line: Above Average Threshold (default: 1.25x) - Magenta line: Extreme Volume Threshold (default: 4.0x) How To Use This Indicator 1. Volume Confirmation: Use green bars to confirm breakouts or trend changes - stronger moves often come with above-average volume. 2. Low Volume Warning: Red bars during price movements may indicate weak conviction and potential reversals. 3. Extreme Volume Events: Magenta bars (extreme volume) often signal major market events or potential exhaustion points that could lead to reversals. 4. Volume Divergence: Look for divergences between price and volume - for example, if price makes new highs but volume is decreasing (more yellow/red bars), the move may be losing strength. Settings Configuration - Average Volume Lookback Period: Number of bars used to calculate the average volume (default: 20) - Average Volume Threshold: Volume below this level is considered below average (default: 0.8x) - Above Average Threshold: Volume above this level is considered above average (default: 1.25x) - Extreme Volume Threshold: Volume above this level is considered extreme (default: 4.0x) - Colors: Customize colors for each volume category Important Note: Adjust threshold values only through the indicator settings (not in the Style tab). Changing values in the Style tab will not adjust the coloring of the volume bars. Adjust these settings based on the specific asset being analyzed and your trading timeframe. More volatile assets may require higher thresholds, while less volatile ones might need lower thresholds.
Pine Script® indicator
by AlgoCollective
Multi-TF Volume & Price Analysis[BullByte]This indicator offers a comprehensive view of market dynamics by combining volume and price analysis across multiple timeframes. It calculates key metrics—such as bullish/bearish volume percentages, relative volume (RVol), cumulative volume delta (CVD), and price change percentages—for each timeframe that you choose (for example, 1, 3, 5, and 15 minutes). Here are the main features in simple terms: - Multi-Timeframe Analysis: The tool analyzes volume and price action from four different timeframes simultaneously. This means you get insights from short-term and slightly longer-term trends in one view. - Volume Breakdown: It splits the volume into bullish and bearish parts by comparing closing and opening prices. This helps you see how much of the trading volume is driving the market upward versus downward. - Relative Volume & Spike Detection: It calculates relative volume (current volume compared to a moving average) and flags any significant volume spikes based on a customizable multiplier. This feature helps identify unusual trading activity. - Volume Smoothing Option: For a cleaner signal, you can enable a smoothing option (using an exponential moving average) to reduce noise in the volume data. - Advanced Summary: The indicator combines volume data, price changes, and volume spikes to produce an overall market summary for each timeframe—labeling conditions as “Bullish Strong,” “Bullish Moderate,” “Bearish Strong,” “Bearish Moderate,” or “Neutral.” - Cumulative Overview: In addition to individual timeframe analysis, it aggregates the data to offer a cumulative view. This includes a collective bullish/bearish percentage, overall CVD, and even a simplified volume level (Low, Normal, or High). - Customizable Dashboard: All these metrics are neatly displayed in a dashboard on the chart. You can customize its position and text size. The dashboard uses dynamic, color-coded cells to instantly convey the market sentiment—making it easy to spot trends at a glance. - VWAP Integration: Finally, the dashboard includes VWAP information, providing an additional layer of context to the price action. Overall, this indicator is designed to provide a quick yet thorough snapshot of market conditions, enabling traders to make more informed decisions with a clear visual representation of volume and price activity across different timeframes.
Pine Script® indicator
by BullByte
6
Volume Flow Scalper PRO+ (RSI & EMA Filters) ### 📊 Volume Flow Scalper PRO+ Strategy (with RSI & EMA Filters) **Overview:** The *Volume Flow Scalper PRO+* is a dynamic momentum-based strategy that leverages volume flow direction, enhanced with RSI and EMA trend filters, to generate precise scalping signals. This tool is designed for intraday and short-term traders who want to capitalize on high-probability buy and sell zones driven by real-time market sentiment. --- **Core Components:** ✅ **Volume Flow Analysis** Measures the net bullish vs. bearish volume based on price movement (up or down candle) and smooths it using your chosen Moving Average type (EMA, SMA, WMA, or VWMA). This forms the core of signal generation. ✅ **RSI Bias Filter (Optional)** Filters trades based on RSI momentum. Buy signals require RSI to be above a user-defined level (default: 50), while sell signals require it to be below. ✅ **EMA Trend Filter (Optional)** Ensures entries align with the trend. Buy signals require price to be above the EMA; sell signals require it to be below. ✅ **VWAP Filter (Optional)** For traders who favor institutional price levels, this option restricts signals to when price is above (buy) or below (sell) the Volume Weighted Average Price. --- **Signals:** - 🔼 **Buy Signal**: Triggered when the Volume Flow MA crosses **above** a threshold, with filters confirming bullish conditions. - 🔽 **Sell Signal**: Triggered when the Volume Flow MA crosses **below** a negative threshold, with filters confirming bearish conditions. --- **Strategy Features:** - 📈 **Customizable Take Profit / Stop Loss** levels based on percentage distance from entry. - 🔍 **Fully Adjustable Settings** including MA types, thresholds, filter usage, and indicator lengths. - ⚙️ Works on any timeframe and any market (crypto, forex, stocks, etc.). --- **Best Use Cases:** - Scalping on lower timeframes (1m, 5m, 15m) - Filtering high-quality entries with trend confirmation - Combining with price action or support/resistance zones
Pine Script® indicator
by johannpasqualini
Multiple VWMATradingView Indicator: Multiple VWMA This TradingView indicator allows you to display up to five separate Volume Weighted Moving Averages (VWMAs) directly on your price chart. What it does: Plots 5 VWMAs: It calculates and draws five distinct VWMA lines (or other styles) on the chart. Volume Weighting: Unlike simple moving averages, a VWMA gives more weight to prices where trading volume was higher, potentially offering a clearer picture of the trend strength confirmed by volume. Highly Customizable: Each of the five VWMAs can be configured independently through the indicator's settings panel. For each one, you can set: Length: The lookback period (number of bars) used for the calculation. Source: The price data to use (e.g., close, open, high, low, hl2, etc.). Timeframe: You can calculate each VWMA based on a different timeframe than the one currently displayed on your chart (e.g., view daily VWMAs on an hourly chart). Leave blank to use the chart's timeframe. Offset: Shift the VWMA line forwards or backwards on the chart by a specific number of bars. Style: Choose how each VWMA is displayed (Line, Histogram, or Cross). Overlay: The VWMAs are plotted directly over the price bars for easy comparison. Purpose: This indicator is useful for traders who want to analyze trends using multiple volume-weighted perspectives simultaneously. By comparing VWMAs of different lengths or based on different timeframes, you can gain insights into short-term vs. long-term trends, potential support/resistance levels, and the significance of price movements based on accompanying volume.
Pine Script® indicator
by ryfli32
Serhat's Sinyal + Panel (Kompakt Versiyon)🔹 This indicator provides a clean and reliable signal system using a combination of multiple classic indicators: RSI, MACD, Stochastic RSI, ADX, DI+, Volume, and SMA sequences. 🔹 All signals are non-repetitive — once active, no new signal is given until the condition resets. 🔹 The compact panel summarizes all indicator statuses in real-time. 💡 Works best on daily and 4H charts. Developed by: Serhat E. Feedback is welcome!
Pine Script® indicator
by s3rh4te
Market Push Meter - CoffeeStyleMarket Push Meter - CoffeeKiller Indicator Guide Welcome traders! This guide will walk you through the Market Push Meter indicator, a sophisticated volume analysis tool developed by CoffeeKiller with the help and assistance of FindBetterTrades that measures and visualizes the ongoing battle between buyers and sellers through volume pressure analysis. 🔔 **Warning: This Is Not a Standard Volume Indicator** 🔔 This indicator analyzes volume pressure in a unique way, combining directional volume with price action to identify market imbalances between buyers and sellers. All credit for the core logic for this indicator goes to FindBetterTrades and his/hers Volume Pressure Histogram (Normalized) (this is my adaptation and style added to that core logic, thus the CoffeeStyle name was added). Core Concept: Volume Pressure Analysis The foundation of this indicator lies in measuring the imbalance between buying and selling volume, providing insights into which market participants are exerting more pressure on price movements. Volume Pressure Columns: Buying vs Selling Force - Positive Green Columns: Net buying pressure - Negative Red Columns: Net selling pressure - Color intensity varies based on pressure strength - Special coloring for new high/low boundaries Marker Lines: Dynamic Support/Resistance - High Marker Line (Magenta): Tracks the highest point reached during buying phases - Low Marker Line (Cyan): Tracks the lowest point reached during selling phases - Creates visual boundaries showing pressure extremes Peak Detection System: - Triangular markers identify significant local maxima and minima - Background highlighting shows important pressure peaks - Helps identify potential reversal points and pressure exhaustion Reference Lines: - Overbought Level: Threshold for extreme selling pressure - Oversold Level: Threshold for extreme buying pressure - Used to identify potential reversal zones Core Components 1. Volume Pressure Calculation - Separation of up-volume and down-volume - Calculation of net volume pressure - Smoothing for consistent visualization - Normalization against total volume for percentage scaling 2. Boundary Tracking System - Automatic detection of highest values in buying phases - Automatic detection of lowest values in selling phases - Step-line visualization of boundaries - Color-coded for easy identification 3. Peak Detection System - Identification of local maxima and minima - Background highlighting of significant peaks - Triangle markers for peak visualization - Zero-line cross detection for trend changes 4. Threshold Settings - Extreme threshold multiplier for identifying significant pressure - Overbought/oversold levels for potential reversals - Dynamic color coding based on pressure intensity - Alert conditions for key pressure levels Main Features Volume Analysis Settings - Customizable volume MA length - Signal smoothing for clearer readings - Optional log scale for handling wide range variations - Adjustable threshold multiplier for sensitivity Visual Elements - Color-coded columns showing pressure direction and strength - Dynamic marker lines for pressure boundaries - Peak triangles for significant turning points - Background highlighting for peak identification - Overbought/oversold reference lines Signal Generation - Zero-line crosses for trend change signals - Boundary breaks for pressure strength - Peak formation for potential reversals - Color changes for pressure direction and intensity - Alert conditions for extreme pressure levels Customization Options - Volume analysis parameters - Marker line visibility and colors - Peak marker display options - Log scale toggle for handling various markets - Overbought/oversold threshold adjustments Trading Applications 1. Trend Identification - Volume pressure crossing above zero: buying pressure emerging - Volume pressure crossing below zero: selling pressure emerging - Column color: indicates pressure direction - Column height: indicates pressure strength - Signal line: confirms overall trend direction 2. Reversal Detection - Peak triangles after extended trend: potential exhaustion - Background highlighting: significant reversal points - Volume pressure approaching marker lines: potential trend change - Color shifts from bright to muted: decreasing pressure - Readings beyond overbought/oversold levels: potential reversal zones 3. Pressure Analysis - Breaking above previous high boundary: accelerating buying pressure - Breaking below previous low boundary: accelerating selling pressure - Special coloring (magenta/cyan): boundary breaks indicating strength - Extreme readings: potential climactic buying/selling 4. Market Structure Assessment - Consecutive higher peaks: strengthening buying structure - Consecutive lower troughs: strengthening selling structure - Peak comparisons: relative strength of pressure phases - Boundary line steps: market structure levels Optimization Guide 1. Volume Analysis Settings - Volume MA Length: Default 25 provides balanced signals - Lower values (10-15): More responsive, potentially noisier - Higher values (30-50): Smoother, fewer false signals - Signal Smoothing Length: Default 8 provides good balance - Lower values: More responsive to pressure changes - Higher values: Smoother trend identification 2. Threshold Settings - Extreme Threshold Multiplier: Default 20.0 - Lower values: More signals, potentially more noise - Higher values: Fewer signals, but more significant - Overbought/Oversold Levels: Defaults at 20/-20 - Adjust based on instrument volatility - Wider settings for more volatile instruments 3. Visual Customization - Marker Line Colors: Adjust for visibility on your chart - Peak Marker Color: Default yellow provides good contrast - Enable/disable background highlights based on preference - Consider log scale for instruments with wide volume ranges 4. Alert Settings - Configure alerts for high buying pressure - Configure alerts for high selling pressure - Set additional alerts for zero-line crosses - Consider timeframe when setting alert sensitivity Best Practices 1. Signal Confirmation - Wait for zero-line crosses to confirm pressure changes - Look for peak formations to identify potential reversals - Check for boundary breaks to confirm strong pressure - Use with price action for entry/exit precision - Consider extreme threshold crossings as significant signals 2. Timeframe Selection - Lower timeframes: more signals, potential noise - Higher timeframes: cleaner signals, less frequent - Multiple timeframes: confirm signals across time horizons - Match to your trading style and holding period 3. Market Context - Strong buying phase: positive columns breaking above marker line - Strong selling phase: negative columns breaking below marker line - Columns approaching zero: potential pressure shift - Columns beyond overbought/oversold: extreme conditions, potential reversal 4. Combining with Other Indicators - Use with trend indicators for confirmation - Pair with price action oscillators for divergence detection - Combine with traditional volume indicators for validation - Consider support/resistance levels with boundary lines Advanced Trading Strategies 1. Boundary Break Strategy - Enter long when volume pressure breaks above previous high marker line - Enter short when volume pressure breaks below previous low marker line - Use zero-line as initial stop-loss reference - Take profits at formation of opposing peaks 2. Peak Trading Strategy - Identify significant peaks with triangular markers - Look for consecutive lower peaks in buying phases for shorting opportunities - Look for consecutive higher troughs in selling phases for buying opportunities - Use zero-line crosses as confirmation 3. Extreme Reading Strategy - Look for volume pressure beyond overbought/oversold levels - Watch for color changes and peak formations - Enter counter-trend positions after confirmed peaks - Use tight stops due to extreme market conditions 4. Volume Color Strategy - Enter long when columns turn bright green (increasing buying pressure) - Enter short when columns turn bright red (increasing selling pressure) - Exit when color intensity fades (decreasing pressure) - Use marker lines as dynamic support/resistance Practical Analysis Examples Bullish Market Scenario - Volume pressure crosses above zero line - Green columns grow in height and intensity - High marker line forms steps upward - Peak triangles appear at local maxima - Background highlights appear at significant buying pressure peaks Bearish Market Scenario - Volume pressure crosses below zero line - Red columns grow in depth and intensity - Low marker line forms steps downward - Peak triangles appear at local minima - Background highlights appear at significant selling pressure troughs Consolidation Scenario - Volume pressure oscillates around zero line - Column colors alternate frequently - Marker lines remain relatively flat - Few or no new peak highlights appear - Pressure values remain small Understanding Market Dynamics Through Market Push Meter At its core, this indicator provides a unique lens to visualize market pressure through volume analysis: 1. Volume Imbalance: By separating and comparing buying volume (up candles) from selling volume (down candles), the indicator provides insights into which side is exerting more pressure in the market. 2. Normalized Pressure: The indicator normalizes volume pressure as a percentage of total volume, making it more comparable across different market conditions and instruments. 3. Dynamic Boundaries: The marker lines create a visual representation of the "high water marks" of pressure in both directions, helping to identify when markets are making new pressure extremes. 4. Exhaustion Signals: The peak detection system highlights moments where pressure has reached a local maximum or minimum, often precursors to reversals or consolidations. Remember: - Combine signals from volume pressure, marker lines, and peak formations - Use appropriate timeframe settings for your trading style - Customize the indicator to match your visual preferences and market - Consider overall market conditions and correlate with price action This indicator works best when: - Used as part of a comprehensive trading system - Combined with proper risk management - Applied with an understanding of current market conditions - Signals are confirmed by price action and other indicators DISCLAIMER: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.
Pine Script® indicator
by CoffeeKiller
Institutional Activity AnalysisThe Institutional Activity Analysis (IAA) indicator is a powerful tool designed to help traders identify potential institutional buying and selling activity in the market. By analyzing volume, price movement, and accumulation/distribution trends, this indicator provides insights into market dynamics that may signal significant activity. This indicator is not a buy or sell recommendation but rather a tool to assist traders in understanding market behavior. It should be used in conjunction with other technical analysis tools and strategies for a comprehensive trading approach. Key Features: Smart Money Flow Index (SMFI): 1). Tracks the flow of "smart money" by analyzing price action relative to volume. 2). Helps identify whether institutional activity is bullish or bearish. Accumulation/Distribution (Acc/Dist): 1). Measures buying and selling pressure in the market. 2). Indicates whether the market is in an accumulation (buying) or distribution (selling) phase. Volume Spike Detection: 1. Identifies unusual volume spikes that may signal institutional activity. 2. Highlights these spikes with a yellow circle on the chart. Significant Price Movement: 1. Detects strong price movements accompanied by high volume. 2. Marks these movements with a green triangle on the chart. Customizable Dashboard: 1. Displays key metrics such as volume flow, smart money flow, accumulation/distribution, and volatility. 2. Includes visual signals for volume spikes and significant moves. 3. The dashboard can be positioned anywhere on the chart or turned off. Heatmap for Activity Intensity: 1. Visualizes the intensity of market activity by combining volume and price volatility. How to Read the Indicator: Smart Money Flow (SMFI): 1. A positive SMFI value indicates bullish institutional activity. 2. A negative SMFI value suggests bearish institutional activity. 3. The blue line on the indicator represents the smoothed SMFI. Accumulation/Distribution (Acc/Dist): 1. A positive slope indicates accumulation (buying pressure). 2. A negative slope indicates distribution (selling pressure). 3. The purple line on the indicator shows the smoothed Acc/Dist slope. Volume Spikes: 1. Yellow circles on the chart indicate unusual volume spikes. 2. These spikes may signal institutional interest or significant market activity. Significant Price Movements: 1. Green triangles on the chart highlight strong price movements with high volume. 2. These movements may indicate potential breakouts or reversals. Dashboard: The dashboard provides a quick summary of key metrics: 1. Volume Flow: Indicates whether volume is above or below the average. 2. Smart Money: Shows whether institutional activity is bullish or bearish. 3. Acc/Dist: Displays whether the market is in accumulation or distribution. 4. Volatility: Provides the current volatility level. 5. Signals: Highlights whether there are volume spikes or significant moves. How to Use the Indicator: Identify Institutional Activity: 1. Look for confluences between volume spikes, significant price movements, and the direction of the SMFI and Acc/Dist slope. 2. For example, a volume spike combined with a positive SMFI and accumulation may indicate bullish institutional activity. Confirm Market Trends: 1. Use the indicator to confirm trends by analyzing the direction of the SMFI and Acc/Dist slope. 2. A rising SMFI and positive Acc/Dist slope suggest a strong uptrend, while the opposite indicates a downtrend. Monitor Volatility: 1. High volatility combined with volume spikes may signal potential breakouts or reversals. 2. Use the volatility metric on the dashboard to gauge market conditions. Set Alerts: 1. Use the built-in alert conditions to get notified of volume spikes and significant price movements. 2. Alerts can help you stay informed about potential market opportunities. Important Notes: 1. This is not a buy or sell recommendation. The IAA indicator is a technical analysis tool designed to provide insights into market activity. Always use it in conjunction with other tools and strategies. 2. The indicator works best when combined with other forms of analysis, such as support/resistance levels, trendlines, and candlestick patterns. 3. Past performance is not indicative of future results. Always practice proper risk management and trade responsibly. Customization: The indicator includes several customizable settings: 1. Volume Spike Threshold: Adjust the sensitivity for detecting volume spikes. 2. Smoothing Period: Change the period for calculating SMFI and Acc/Dist. 3. Price Movement Threshold: Modify the sensitivity for detecting significant price movements. 4. Dashboard Position: Move the dashboard to any corner of the chart or turn it off. 5. Visual Settings: Customize the colors and transparency of the dashboard and signals. Example Use Case: Imagine you're analyzing a stock that has been consolidating for several days. Suddenly, the IAA indicator detects: 1. A volume spike (yellow circle), 2. A significant price movement (green triangle), 3. A positive SMFI (bullish smart money flow), 4. And an accumulation phase (positive Acc/Dist slope). This confluence of signals may indicate that institutional buyers are entering the market, potentially leading to a breakout. You can then use this information to plan your trade, such as setting alerts or monitoring for confirmation from other indicators. Disclaimer: The Institutional Activity Analysis (IAA) indicator is for educational and informational purposes only. It is not financial advice or a recommendation to buy or sell any security. Always conduct your own research and consult with a financial advisor before making trading decisions. Use this tool responsibly and at your own risk.
Pine Script® indicator
by darshakssc
Smarter Money Concepts - FVGs [PhenLabs]📊 Smarter Money Concepts - FVGs Version: PineScript™ v6 📌 Description Smarter Money Concepts - FVGs is a sophisticated indicator designed to identify and track Fair Value Gaps (FVGs) in price action. These gaps represent market inefficiencies where price moves quickly, creating imbalances that often attract subsequent price action for mitigation. By highlighting these key areas, traders can identify potential zones for reversals, continuations, and price targets. The indicator employs volume filtering ideology to highlight only the most significant FVGs, reducing noise and focusing on gaps formed during periods of higher relative volume. This combination of price structure analysis and volume confirmation provides traders with high-probability areas of interest that institutional smart money may target during future price movements. 🚀 Points of Innovation Volume-Filtered Gap Detection : Eliminates low-significance FVGs by requiring a minimum volume threshold, focusing only on gaps formed with institutional participation Equilibrium Line Visualization : Displays the midpoint of each gap as a potential precision target for trades Automated Gap Mitigation Tracking : Monitors when price revisits and mitigates gaps, automatically managing visual elements Time-Based Gap Management : Intelligently filters gaps based on a configurable timeframe, maintaining chart clarity Dual Direction Analysis : Simultaneously tracks both bullish and bearish gaps, providing a complete market structure view Memory-Optimized Design : Implements efficient memory management for smooth chart performance even with numerous FVGs 🔧 Core Components Fair Value Gap Detection : Identifies price inefficiencies where the current candle’s low is higher than the previous candle’s high (bearish FVG) or where the current candle’s high is lower than the previous candle’s low (bullish FVG). Volume Filtering Mechanism : Calculates relative volume compared to a moving average to qualify only gaps formed during significant market activity. Mitigation Tracking : Continuously monitors price action to detect when gaps get filled, with options to either hide or maintain visual representation of mitigated gaps. 🔥 Key Features Customizable Gap Display : Toggle visibility of bullish and bearish gaps independently to focus on your preferred market direction Volume Threshold Control : Adjust the minimum volume ratio required for gap qualification, allowing fine-tuning between sensitivity and significance Flexible Mitigation Methods : Choose between “Wick” or “Close” methods for determining when a gap has been mitigated, adapting to different trading styles Visual Customization : Full control over colors, transparency, and style of gap boxes and equilibrium lines 🎨 Visualization Gap Boxes : Rectangular highlights showing the exact price range of each Fair Value Gap. Bullish gaps indicate potential upward price targets, while bearish gaps show potential downward targets. Equilibrium Lines : Dotted lines running through the center of each gap, representing the mathematical midpoint that often serves as a precision target for price movement. 📖 Usage Guidelines General Settings Days to Analyze : Default: 15, Range: 1-100. Controls how many days of historical gaps to display, balancing between comprehensive analysis and chart clarity Visual Settings Bull Color : Default:(#596fd33f). Color for bullish Fair Value Gaps, typically using high transparency for clear chart visibility Bear Color : Default:(#d3454575). Color for bearish Fair Value Gaps, typically using high transparency for clear chart visibility Equilibrium Line : Default: Enabled. Toggles visibility of the center equilibrium line for each FVG Eq. Line Color : Default: Black with 99% transparency. Sets the color of equilibrium lines, usually kept subtle to avoid chart clutter Eq. Line Style : Default: Dotted, Options: Dotted, Solid, Dashed. Determines the line style for equilibrium lines Mitigation Settings Mitigation Method : Default: Wick, Options: Wick, Close. Determines how gap mitigation is calculated - “Wick” uses high/low values while “Close” uses open/close values for more conservative mitigation criteria Hide Mitigated : Default: Enabled. When enabled, gaps become transparent once mitigated, reducing visual clutter while maintaining historical context Volume Filter Volume Filter : Default: Enabled. When enabled, only shows gaps formed with significant volume relative to recent average Min Ratio : Default: 1.5, Range: 0.1-10.0. Minimum volume ratio compared to average required to display an FVG; higher values filter out more gaps Periods : Default: 15, Range: 5-50. Number of periods used to calculate the average volume baseline ✅ Best Use Cases Identifying potential reversal zones where price may react after extended moves Finding precise targets for take-profit placement in trend-following strategies Detecting institutional interest areas for potential breakout or breakdown confirmations Plotting significant support and resistance zones based on structural imbalances Developing fade strategies at key market structure points Confirming trade entries when price approaches significant unfilled gaps ⚠️ Limitations Works best on higher timeframes where gaps reflect more significant market inefficiencies Very choppy or ranging markets may produce small gaps with limited predictive value Volume filtering depends on accurate volume data, which may be less reliable for some symbols Performance may be affected when displaying a very large number of historical gaps Some gaps may never be fully mitigated, particularly in strongly trending markets 💡 What Makes This Unique Volume Intelligence : Unlike basic FVG indicators, this script incorporates volume analysis to identify the most significant structural imbalances, focusing on quality over quantity. Visual Clarity Management : Automatic handling of mitigated gaps and memory management ensures your chart remains clean and informative even over extended analysis periods. Dual-Direction Comprehensive Analysis : Simultaneously tracks both bullish and bearish gaps, providing a complete market structure picture rather than forcing a directional bias. 🔬 How It Works 1. Gap Detection Process : The indicator examines each candle in relation to previous candles, identifying when a gap forms between the low of candle and high of candle (bearish FVG) or between the high of candle and low of candle (bullish FVG). This specific candle relationship identifies true structural imbalances. 2. Volume Qualification : For each potential gap, the algorithm calculates the relative volume compared to the configured period average. Only gaps formed with volume exceeding the minimum ratio threshold are displayed, ensuring focus on institutionally significant imbalances. 3. Equilibrium Calculation : For each qualified gap, the script calculates the precise mathematical midpoint, which becomes the equilibrium line - a key target that price often gravitates toward during mitigation attempts. 4. Mitigation Tracking : The indicator continuously monitors price action against existing gaps, determining mitigation based on the selected method (wick or close). When price reaches the equilibrium point, the gap is considered mitigated and can be visually updated accordingly. 💡 Note: Fair Value Gaps represent market inefficiencies that often, but not always, get filled. Use this indicator as part of a complete trading strategy rather than as a standalone system. The most valuable signals typically come from combining FVG analysis with other confirmatory indicators and overall market context. For optimal results, start with the default settings and gradually adjust parameters to match your specific trading timeframe and style.
Pine Script® indicator
by PhenLabs
Larry Williams POIV A/D [tradeviZion]Larry Williams' POIV A/D - Release Notes v1.0 ================================================= Release Date: 01 April 2025 OVERVIEW -------- The Larry Williams POIV A/D (Price, Open Interest, Volume Accumulation/Distribution) indicator implements Williams' original formula while adding advanced divergence detection capabilities. This powerful tool combines price movement, open interest, and volume data to identify potential trend reversals and continuations. FEATURES -------- - Implements Larry Williams' original POIV A/D formula - Divergence detection system: * Regular divergences for trend reversal signals * Hidden divergences for trend continuation signals - Fast Mode option for earlier pivot detection - Customizable sensitivity for divergence filtering - Dynamic color visualization based on indicator direction - Adjustable smoothing to reduce noise - Automatic fallback to OBV when Open Interest is unavailable FORMULA ------- POIV A/D = CumulativeSum(Open Interest * (Close - Close ) / (True High - True Low)) + OBV Where: - Open Interest: Current period's open interest - Close - Close : Price change from previous period - True High - True Low: True Range - OBV: On Balance Volume DIVERGENCE TYPES --------------- 1. Regular Divergences (Reversal Signals): - Bullish: Price makes lower lows while indicator makes higher lows - Bearish: Price makes higher highs while indicator makes lower highs 2. Hidden Divergences (Continuation Signals): - Bullish: Price makes higher lows while indicator makes lower lows - Bearish: Price makes lower highs while indicator makes higher highs REQUIREMENTS ----------- - Works best with futures and other instruments that provide Open Interest data - Automatically adapts to work with any instrument by using OBV when OI is unavailable USAGE GUIDE ----------- 1. Apply the indicator to any chart 2. Configure settings: - Adjust sensitivity for divergence detection - Enable/disable Fast Mode for earlier signals - Customize visual settings as needed 3. Look for divergence signals: - Regular divergences for potential trend reversals - Hidden divergences for trend continuation opportunities 4. Use the alerts system for automated divergence detection KNOWN LIMITATIONS ---------------- - Requires Open Interest data for full functionality - Fast Mode may generate more signals but with lower reliability ACKNOWLEDGEMENTS --------------- This indicator is based on Larry Williams' work on Open Interest analysis. The implementation includes additional features for divergence detection while maintaining the integrity of the original formula.
Pine Script® indicator
by TradeVizion
Candle RvolCandle Rvol is designed to be used on the 10minute chart, using it on other timeframes will result in unintended outcomes. Candle Rvol has two dynamic features: - creates and array for every 10m candle over the last 14 trading days, the current candle volume is then compared against the average of the corresponding candles from the past 14 days to give a dynamic relative volume expressed as a percentage (this means the high volume near the open and close does not skew the average volume data) - for the current candle Rvol percentage, a check is made every 1m during the 10m candle and if the volume is on track to being over 100% the background will dynamically show a green colour.
Pine Script® indicator
by Dtrades_TV
Volume Delta DashboardHow It Works: This script creates a Volume Delta Dashboard on TradingView, which helps traders visualize the balance between buying and selling volume (Volume Delta) directly on the chart. Here's a breakdown of the key components: Volume Delta Calculation: The script calculates the Volume Delta by comparing the volume of bars where the price closed higher (buying pressure) to those where the price closed lower (selling pressure). Positive Volume Delta (green background) indicates more buying activity than selling, suggesting upward price movement. Negative Volume Delta (red background) indicates more selling than buying, signaling a potential downward move. Smoothing with EMA: To make the volume delta trend smoother and more consistent, an Exponential Moving Average (EMA) of the Volume Delta is used. This helps to reduce noise and highlight the prevailing buying or selling pressure over a 14-period. Dynamic Position Selection: The user can choose where the Volume Delta dashboard table will appear on the chart by selecting a position: top-left, top-right, bottom-left, or bottom-right. This makes the indicator adaptable to different chart setups. Coloring: The background of the table changes color based on the value of the Volume Delta. Green indicates a positive delta (more buyers), and Red indicates a negative delta (more sellers). Use of This Strategy: This Volume Delta Dashboard strategy is particularly useful for traders who want to: Monitor Market Sentiment: By observing the volume delta, traders can get a sense of whether there is more buying or selling pressure in the market. Positive volume delta can indicate a bullish sentiment, while negative delta can point to bearish sentiment. Confirm Price Action: The Volume Delta can be used alongside price action to confirm the strength of a price move. For example, if the price is moving up and the volume delta is positive, it suggests that the price increase is supported by buying pressure. Identify Divergences: Volume delta can help traders spot divergences between price and volume. For example, if the price is moving higher but the volume delta is negative, it may suggest a weakening trend and a potential reversal. Optimize Entry/Exit Points: By understanding the relationship between price movement and volume, traders can make more informed decisions about entering or exiting positions. For instance, a sudden increase in buying volume (positive delta) may indicate a good entry point for a long position. Overall, the Volume Delta Dashboard can serve as a powerful tool for improving decision-making, by providing real-time insights into market dynamics and trading sentiment.
Pine Script® indicator
by AimProfits
HTF Support & Resistance Zones📌 English Description: HTF Support & Resistance Zones is a powerful indicator designed to auto-detect key support and resistance levels from higher timeframes (Daily, Weekly, Monthly, Yearly). It displays the number of touches for each level and automatically classifies its strength (Weak – Strong – Very Strong) with full customization options. ✅ Features: Auto-detection of support/resistance from HTFs Strength calculation based on touch count Clean visual display with color, size, and label customization Ideal for scalping and intraday trading 📌 الوصف العربي: مؤشر "HTF Support & Resistance Zones" يساعد المتداولين على تحديد أهم مناطق الدعم والمقاومة المستخرجة تلقائيًا من الفريمات الكبيرة (اليومي، الأسبوعي، الشهري، السنوي). يعرض المؤشر عدد اللمسات لكل مستوى ويقيّم قوته تلقائيًا (ضعيف – قوي – قوي جدًا)، مع خيارات تخصيص كاملة للعرض. ✅ ميزات المؤشر: دعم/مقاومة تلقائية من الفريمات الكبيرة تقييم تلقائي لقوة المستويات بناءً على عدد اللمسات عرض مرئي مرن مع تحكم بالألوان، الحجم، الشكل، والخلفية مناسب للتداولات اليومية والسكالبينج
Pine Script® indicator
by www_osmanmoner
Global Liquidity Index with Editable DEMA + 107 Day OffsetGlobal Liquidity DEMA (107-Day Lead) This indicator visualizes a smoothed version of global central bank liquidity with a forward time shift of 107 days. The concept is based on the macroeconomic observation that markets tend to lag changes in global liquidity — particularly from central banks like the Federal Reserve, ECB, BOJ, and PBOC. The script uses a Double Exponential Moving Average (DEMA) to smooth the combined balance sheets and money supply inputs. It then offsets the result into the future by 107 days, allowing you to visually align liquidity trends with delayed market reactions. A second plot (ROC SMA) is included to help identify liquidity momentum shifts. 🔍 How to Use: Add this indicator to any chart (S&P 500, BTC, Gold, etc.) Compare price action to the forward-shifted liquidity trend Look for divergence, confirmation, or crossovers with price Use as a macro timing tool for long-term entries/exits 📌 Included Features: Editable DEMA smoothing length ROC + SMA overlay for momentum signals Fixed 107-day forward projection Includes main DEMA and ROC SMA both real-time and shifted
Pine Script® indicator
by TheGoldphoenix
Mean Reversion with Volume AnalysisKey Features of This Script: Adaptive Parameters RSI thresholds adjust based on market volatility Uses ATR to measure current volatility Volume Confirmation Only enters trades when volume is above average (vol_ratio > vol_threshold) Volume spike helps confirm potential reversions Multi-Timeframe Analysis Optional higher timeframe confirmation Ensures you’re not fighting against the larger trend Volatility Filters Uses normalized ATR to avoid trading in extremely volatile conditions BB width provides visual indication of current volatility Visual Feedback Plots buy/sell signals directly on the chart Information panel shows key metrics Customization Tips: Adjust the length parameter based on the timeframe you’re trading Modify bb_mult to be more aggressive (lower value) or conservative (higher value) The vol_threshold can be increased for stricter volume confirmation Fine-tune the ATR filter (0.03 in the script) based on your risk tolerance This script provides both visual signals and automated strategy execution. You can use it in TradingView’s strategy tester to backtest its performance on different assets and timeframes.
Pine Script® strategy
by gadge75
Linear Regression Volume Profile [ChartPrime]LR VolumeProfile This indicator combines a Linear Regression channel with a dynamic volume profile, giving traders a powerful way to visualize both directional price movement and volume concentration along the trend. ⯁ KEY FEATURES Linear Regression Channel: Draws a statistically fitted channel to track the market trend over a defined period. Volume Profile Overlay: Splits the channel into multiple horizontal levels and calculates volume traded within each level. Percentage-Based Labels: Displays each level's share of total volume as a percentage, offering a clean way to see high and low volume zones. Gradient Bars: Profile bars are colored using a gradient scale from yellow (low volume) to red (high volume), making it easy to identify key interest areas. Adjustable Profile Width and Resolution: Users can change the width of profile bars and spacing between levels. Channel Direction Indicator: An arrow inside a floating label shows the direction (up or down) of the current linear regression slope. Level Style Customization: Choose from solid, dashed, or dotted lines for visual preference. ⯁ HOW TO USE Use the Linear Regression channel to determine the dominant price trend direction. Analyze the volume bars to spot key levels where the majority of volume was traded—these act as potential support/resistance zones. Pay attention to the largest profile bars—these often mark zones of institutional interest or price consolidation. The arrow label helps quickly assess whether the trend is upward or downward. Combine this tool with price action or momentum indicators to build high-confidence trading setups. ⯁ CONCLUSION LR Volume Profile is a precision tool for traders who want to merge trend analysis with volume insight. By integrating linear regression trendlines with a clean and readable volume distribution, this indicator helps traders find price levels that matter the most—backed by volume, trend, and structure. Whether you're spotting high-volume nodes or gauging directional flow, this toolkit elevates your decision-making process with clarity and depth.
Pine Script® indicator
by ChartPrime
6
TREND FINDER BY MRS (SSL Hybrid + Delta Candles)Perfect for identifying trend direction, continuation signals, and exit points while visualizing real-time buying/selling pressure. A sophisticated multi-timeframe trading system combining: SSL Hybrid Trend Analysis (HMA/JMA/EMA baseline) Volume Delta Visualization (colored candles) ATR Volatility Bands (optional) Key Features: 1. Smart Trend Detection Custom Baseline MA: Choose between HMA, JMA (Jurik), or EMA with adjustable length Trend-Colored Baseline: 🟢 Green = Uptrend (price above & baseline rising) 🔴 Red = Downtrend (price below & baseline falling) 🟠 Orange = Neutral/Transition phase 2. Volume Delta Candles Colors candles based on lower timeframe volume imbalance: 🟢 Dark Green: Strong buying pressure (delta > 20%) 🌱 Light Green: Moderate buying (delta 5-20%) 🔴 Dark Red: Strong selling pressure (delta < -20%) 🌸 Light Red: Moderate selling (delta -5% to -20%) ⚪ Gray: Balanced volume 3. Professional Tools ATR Bands: Visualize volatility with adjustable multiplier Multi-Timeframe Analysis: Delta calculated from lower timeframe (default: 1min) Alerts: Baseline crosses and extreme delta conditions Recommended Settings: Chart Type: Daily (for NNFX method) Baseline: HMA/JMA (60 periods) Delta TF: 1-5min for intraday volume accuracy How Traders Use It: Trend Traders: Follow colored baseline for direction Swing Traders: Use delta extremes for reversals Breakout Traders: Watch ATR band expansions Published Notes: TREND FINDER BY MRS (SSL Hybrid with Delta Candles) By: Rajasekhar Muvvala *"See the trend, read the volume, trade with confidence"* Installation: 1. Add to TradingView via Pine Editor 2. Customize colors/thresholds in settings 3. Apply to daily charts for best results Pro Tip: Combine with: - 200EMA for long-term bias - Horizontal S/R levels - Price action confirmation This description highlights the indicator's unique value while making it accessible for both beginners and advanced traders. The markdown formatting ensures clean presentation when published on trading forums or journals. Would you like me to adjust any technical aspects or emphasize different features?
Pine Script® indicator
by mrsekhar
4
RSI + MFI Momentum Mapper - CoffeeKillerRSI + MFI Momentum Mapper - CoffeeKiller Indicator Guide Welcome traders! This guide will walk you through the RSI + MFI Momentum Mapper indicator, an innovative market analysis tool developed by CoffeeKiller that combines two powerful oscillators to create a comprehensive momentum visualization system. 🔔 **Warning: This Is Not a Standard RSI or MFI Indicator** 🔔 This indicator combines and normalizes RSI and MFI data to create a unified momentum representation with boundary detection and peak signaling features. Core Concept: Combined Momentum Analysis The foundation of this indicator lies in merging the strengths of two complementary oscillators - Relative Strength Index (RSI) and Money Flow Index (MFI) - to provide a more robust momentum signal that accounts for both price action and volume. Directional Columns: Momentum Strength - Positive Green Columns: Bullish momentum - Negative Red Columns: Bearish momentum - Color intensity varies based on momentum strength - Special coloring for new high/low boundaries Marker Lines: Dynamic Support/Resistance - High Marker Line (Magenta): Tracks the highest point reached during a bullish phase - Low Marker Line (Cyan): Tracks the lowest point reached during a bearish phase - Creates visual boundaries showing momentum extremes Peak Detection System: - Triangular markers identify significant local maxima and minima - Background highlighting shows important momentum peaks - Helps identify potential reversal points and momentum exhaustion Reference Lines: - Zero Line (Gray): Divides bullish from bearish momentum - High Line (+1): Upper threshold for extremely bullish conditions - Low Line (-1): Lower threshold for extremely bearish conditions Core Components 1. Oscillator Normalization - RSI and MFI values centered around zero - Values scaled to create consistent visualization - Normalized range typically between -1 and +1 - Combination of indicators for signal reliability 2. Boundary Tracking System - Automatic detection of highest values in bullish phases - Automatic detection of lowest values in bearish phases - Step-line visualization of boundaries - Color-coded for easy identification 3. Peak Detection System - Identification of local maxima and minima - Background highlighting of significant peaks - Triangle markers for peak visualization - Zero-line cross detection for trend changes 4. Signal Smoothing - Signal line calculation via SMA - Helps filter noise and identify trends - Provides confirmation of momentum direction Main Features Oscillator Settings - Customizable RSI length for sensitivity control - Customizable MFI length for sensitivity control - Normalized display for consistent visualization - Signal smoothing for clearer readings Visual Elements - Color-coded columns showing momentum direction and strength - Dynamic marker lines for momentum boundaries - Peak triangles for significant turning points - Background highlighting for peak identification - Reference lines for momentum threshold levels Signal Generation - Zero-line crosses for trend change signals - Boundary breaks for momentum strength - Peak formation for potential reversals - Color changes for momentum direction and acceleration Customization Options - RSI and MFI length parameters - Marker line visibility and colors - Peak marker color selection - Peak background display options Trading Applications 1. Trend Identification - Directional line crossing above zero: bullish trend beginning - Directional line crossing below zero: bearish trend beginning - Column color: indicates momentum direction - Column height: indicates momentum strength 2. Reversal Detection - Peak triangles after extended trend: potential exhaustion - Background highlighting: significant reversal points - Directional line approaching marker lines: potential trend change - Color shifts from bright to muted: decreasing momentum 3. Momentum Analysis - Breaking above previous high boundary: accelerating bullish momentum - Breaking below previous low boundary: accelerating bearish momentum - Special coloring (magenta/cyan): boundary breaks indicating strength - Approaching +1/-1 lines: extreme momentum conditions 4. Market Structure Assessment - Consecutive higher peaks: strengthening bullish structure - Consecutive lower troughs: strengthening bearish structure - Peak comparisons: relative strength of momentum phases - Boundary line steps: market structure levels Optimization Guide 1. Oscillator Settings - RSI Length: Default 14 provides balanced signals - Lower values (7-10): More responsive, potentially noisier - Higher values (20-30): Smoother, fewer false signals - MFI Length: Default 14 provides balanced signals - Lower values: More responsive to volume changes - Higher values: Less sensitive to short-term volume spikes 2. Visual Customization - Marker Line Colors: Adjust for visibility on your chart - Peak Marker Color: Default yellow provides good contrast - Enable/disable background highlights based on preference - Consider chart background when selecting colors 3. Signal Interpretation - Stronger signals: When directional line approaches +1/-1 - Confirmation: When peaks form after extended momentum - Early warnings: When color intensity changes before direction - Trend strength: Distance between zero line and current reading 4. Reference Line Usage - Zero line: Primary trend divider - +1/-1 lines: Extreme momentum thresholds - Marker lines: Dynamic support/resistance levels - Distance from reference: Momentum strength measure Best Practices 1. Signal Confirmation - Wait for zero-line crosses to confirm trend changes - Look for peak formations to identify potential reversals - Check for boundary breaks to confirm strong momentum - Use with price action for entry/exit precision 2. Timeframe Selection - Lower timeframes: more signals, potential noise - Higher timeframes: cleaner signals, less frequent - Multiple timeframes: confirm signals across time horizons - Match to your trading style and holding period 3. Market Context - Strong bullish phase: positive columns breaking above marker line - Strong bearish phase: negative columns breaking below marker line - Columns approaching zero: potential trend change - Columns approaching +1/-1: extreme conditions, potential reversal 4. Combining with Other Indicators - Use with trend indicators for confirmation - Pair with other oscillators for divergence detection - Combine with volume analysis for validation - Consider support/resistance levels with boundary lines Advanced Trading Strategies 1. Boundary Break Strategy - Enter long when directional line breaks above previous high marker line - Enter short when directional line breaks below previous low marker line - Use zero-line as initial stop-loss reference - Take profits at formation of opposing peaks 2. Peak Trading Strategy - Identify significant peaks with triangular markers - Look for consecutive lower peaks in bullish phases for shorting opportunities - Look for consecutive higher troughs in bearish phases for buying opportunities - Use zero-line crosses as confirmation 3. Extreme Reading Strategy - Look for directional line approaching +1/-1 lines - Watch for color changes and peak formations - Enter counter-trend positions after confirmed peaks - Use tight stops due to extreme momentum conditions 4. Column Color Strategy - Enter long when columns turn bright green (increasing momentum) - Enter short when columns turn bright red (increasing momentum) - Exit when color intensity fades (decreasing momentum) - Use marker lines as dynamic support/resistance Practical Analysis Examples Bullish Market Scenario - Directional line crosses above zero line - Green columns grow in height and intensity - High marker line forms steps upward - Peak triangles appear at local maxima - Background highlights appear at significant momentum peaks Bearish Market Scenario - Directional line crosses below zero line - Red columns grow in depth and intensity - Low marker line forms steps downward - Peak triangles appear at local minima - Background highlights appear at significant momentum troughs Consolidation Scenario - Directional line oscillates around zero line - Column colors alternate frequently - Marker lines remain relatively flat - Few or no new peak highlights appear - Directional values remain small Understanding Market Dynamics Through RSI + MFI Momentum Mapper At its core, this indicator provides a unique lens to visualize market momentum by combining two complementary oscillators: 1. Combined Strength: By averaging RSI (price-based) and MFI (volume-based), the indicator provides a more comprehensive view of market momentum that considers both price action and buying/selling pressure. 2. Normalized Scale: The indicator normalizes values around zero, making it easier to identify bullish vs bearish conditions and the relative strength of momentum in either direction. 3. Dynamic Boundaries: The marker lines create a visual representation of the "high water marks" of momentum in both directions, helping to identify when markets are making new momentum extremes. 4. Exhaustion Signals: The peak detection system highlights moments where momentum has reached a local maximum or minimum, often precursors to reversals or consolidations. Remember: - Combine signals from directional line, marker lines, and peak formations - Use appropriate timeframe settings for your trading style - Customize the indicator to match your visual preferences - Consider market conditions and correlate with price action This indicator works best when: - Used as part of a comprehensive trading system - Combined with proper risk management - Applied with an understanding of current market conditions - Signals are confirmed by price action and other indicators DISCLAIMER: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.
Pine Script® indicator
by CoffeeKiller