Multi Deviation VWAP [OmegaTools]The Multi Deviation VWAP is an original variation of the traditional VWAP indicator, designed to enhance your trading experience by providing more precise market insights. While the conventional VWAP calculates a single price level based on volume and price over a given period, the Multi Deviation VWAP goes a step further by introducing dynamic upper and lower bands that adapt to market conditions. These bands give traders a more comprehensive understanding of volatility and price action, making it an ideal tool for various trading strategies, especially for identifying potential price reversals or trend continuations.
Key Features:
Separate Calculation of Deviation Bands:
Unlike traditional VWAP bands, where both the upper and lower bands are symmetrically calculated using a single deviation value, the Multi Deviation VWAP calculates the deviations independently for the upper and lower bands. This allows for a more accurate reflection of market dynamics.
The upper deviation band is based on the average distance of closing prices above the VWAP, while the lower deviation band considers the average distance of closing prices below the VWAP.
This separation provides a more tailored approach, adapting to whether the market is showing bullish or bearish momentum, as opposed to a fixed, equal deviation in both directions.
Internal and External Bands:
Two sets of deviation bands are plotted: Internal Bands and External Bands, controlled by user inputs (factorone for internal and factortwo for external). These bands offer multiple levels of support and resistance based on market volatility.
The Internal Bands are closer to the VWAP and act as the first level of support/resistance, suitable for short-term or tighter trading ranges.
The External Bands are further from the VWAP and capture more significant market swings, useful for identifying larger trends or setting wider stop-losses.
Timeframe Flexibility:
The indicator allows traders to select the desired timeframe (1D by default) over which the VWAP and its deviation bands are calculated. This flexibility enables users to adapt the indicator to different trading styles, from intraday scalping to longer-term trend analysis.
Visual Enhancements:
Bullish and Bearish Colors: The bands are color-coded for quick visual interpretation. Bullish bands (lower deviations) are colored blue, while bearish bands (upper deviations) are colored red, making it easy to differentiate between market conditions at a glance.
Plot Fill: The area between the internal and external bands is shaded, providing clear visual zones of potential price containment, aiding in understanding the market structure and anticipating price movements.
How It Differs from a Standard VWAP:
Traditional VWAP provides a single price line that represents the volume-weighted average price over a given period, often used to identify general price trends.
In contrast, the Multi Deviation VWAP introduces upper and lower bands calculated separately based on price deviations above and below the VWAP, giving a more nuanced view of market volatility.
Symmetrical bands in traditional VWAP may not always accurately reflect the market's true behavior, especially in trending markets, where upward and downward price movements aren't always equal. By splitting the deviation calculations, this tool provides a more dynamic and realistic view of price action, adapting to whether the market is showing stronger upward or downward pressure.
Use Cases:
Trend Identification: The VWAP line acts as a central trend line, while the deviation bands offer levels of potential support and resistance. When price moves beyond the external bands, it may indicate overextension and potential reversal.
Volatility Trading: Traders can use the internal and external bands to set dynamic take-profit or stop-loss levels, allowing for flexible risk management depending on market conditions.
Range Trading: In consolidating markets, the Multi Deviation VWAP can help traders identify optimal buy and sell zones as the price oscillates between the upper and lower bands.
By incorporating independent deviation bands, this indicator provides traders with a more responsive tool that reflects market behavior more accurately, helping them make informed trading decisions with enhanced precision.
Volume
Liquidity Pools [LuxAlgo]The Liquidity Pools indicator identifies and displays estimated liquidity pools on the chart by analyzing high and low wicked price areas, along with the amount, and frequency of visits to each zone.
🔶 USAGE
Liquidity Pools are areas where smaller participants are likely to place stop-limit orders to manage risks at reasonable swing points. These zones attract institutional traders who use the pending orders as liquidity to enter larger positions, aiming to influence price movements. By monitoring these zones, traders can anticipate market movements and potentially benefit from these dynamics.
Beyond general liquidity theory, identifying zones consistently visited by price aids in using them as support and resistance zones. By analyzing these areas, we can assess how effectively participants enter or exit these zones, helping to gauge their importance.
In the screenshots below, we will explore both sides of the same chart in more detail to display how each zone could be viewed from a bullish and bearish perspective.
Bullish Zones Example:
Bearish Zones Example:
🔶 DETAILS
The method behind this indicator focuses on identifying a swing point and tracking future interactions with it. It adaptively identifies high and low "potential zones". These zones are monitored over time; if a zone meets the user-defined criteria, the script marks and displays these zones on the chart.
🔹 Identification
The method to identify Liquidity Pools in this indicator revolves around 3 main parameters. By utilizing these settings, the indicator can be tailored to produce zones that fit the specific strategic needs of each trader.
Zone Identification Parameters
Zone Contact Amount: This setting determines the number of times each zone must be in contact with the price (and bought or sold out of) before being identified by the indicator as a Liquidity Pool.
For example: When a zone is first displayed, it is considered as having been reached 1 time. When the zone is re-tested for the first time, this is considered the 2nd contact, since the price has seen the zone a total of 2 times.
Bars Required Between Each Contact: This is used to rule out (or in) consecutive candles reaching each zone from the calculation, adding a separation length between zone contact points to refine the zones produced.
For example: When set to "2", the first contact point (first re-test) will be ignored by the script if it is not at least 2 bars away from the initial zone proposal point.
Confirmation Bars: After a zone has reached the desired Contact Amount, this setting will cause the script to wait a specified number of bars before identifying a zone. While this might initially seem counterintuitive, by waiting, we are able to watch the market's reaction to the proposed zone and respond accordingly. If the price were to continue through the potential liquidity zone Immediately, it would not be logical to consider this area as a valid Liquidity Pool.
Displayed in this screenshot, you will see the specific points we are looking for in order to identify these zones.
🔹 Display
After a Liquidity Pool is identified, its boundary line is extended to the current price to keep it in view for reference. This extension will continue until the zone is mitigated (price has closed above or below the zone), after which it will stop extending.
Candles can optionally be colored when returning to the most recent Liquidity Pool if it is still unmitigated, and will only color after the zone is displayed on the chart. Because of this, if a candle is colored within a zone, then its color comes from being inside a previously unmitigated zone.
🔹 Volume
Each time a candle overlaps an Unmitigated Zone, a percentage of its volume will be accumulated to the total for each specific zone. The volume total is displayed on the right end of the extended boundary lines.
This volume data could help to determine the importance of specific zones based on the amount of volume traded within.
Note: This volume is fractional to the percentage of candles that are contained within the zone. If a candle is 50% within a zone, The zone will receive 50% of the candle's volume added to its current total.
🔶 SETTINGS
See above for a more detailed explanation of the "Zone Identification" parameters.
Zone Contact Amount: The number of times the price must bounce from this zone before considering it as a liquidity pool.
Bars Required Between Each Contact: The number of bars to wait before checking for another zone contact.
Confirmation Bars: The number of bars to wait before identifying a zone to confirm validity.
Display Volume Labels: Toggles the display for the volume readout for each Liquidity Pool.
Fill Candles Inside Zones: Toggles the display of colored candles within Liquidity Pools.
Chartonaut: GlimpseDisplays an overview of some key metrics as a table.
Market Cap : value of the company.
Float Shares : number of shares available for trading.
AR# : average range over the last # sessions.
ATR# : average true range over the last # sessions.
ATR#/MA# : distance of the current price from the given moving average (MA) in terms of ATR multiples.
Rel Volatility : current session's range, including gaps from previous close, relative to the ATR.
Additionally, it highlights some metrics if they are crossing a given threshold, as to warn that some criteria might not be met.
Vektorkerzen HighlightThe indicator highlights candles when:
The volume is at least twice the 20-period moving average.
The range (difference between high and low prices) is at least twice the 20-period average range.
Farley's Accumulation-Distribution Accelerator (ADA)Farley's ADA (From The Master Swing Trader)
What it is :
ADA is designed to track volume oscillations in the market and reduce the impact of shock events.
It observes the supply-demand dynamics within the market, which can trigger natural levels of price reversals.
How It Works
Volume and Price Relationship: ADA measures the lag between price and volume movements. It highlights when volume leads or lags behind price changes, helping traders identify potential reversals or trends.
Signal Generation: ADA can generate faster and cleaner signals compared to traditional indicators like On-Balance Volume (OBV).
Usage
Support and Resistance: ADA formations can help identify support and resistance levels and trendlines.
detect natural levels where price reversals might occur.
Trend Identification: Look for significant divergences between ADA and price action to identify potential trend reversals.
Volume Analysis: Use ADA to anticipate pauses in price movements when volume leads, and expect dynamic trends when ADA significantly moves ahead of price action.
Cumulative Buying and Selling Volume with 3 Lookback PeriodsScript Overview:
This script is designed to help traders identify market momentum by analyzing buying and selling volume. It calculates the cumulative buying and selling pressure over three different lookback periods, providing insights into whether the bulls or bears are dominating at any given time. The script does this by computing the cumulative buying and selling volume for each period and comparing them through exponential moving averages (EMA) to smooth out short-term fluctuations.
Purpose and Use:
The primary goal of this script is to highlight shifts in market sentiment based on volume dynamics. Volume is a critical component in market analysis, often signaling the strength behind price movements. By focusing on cumulative buying and selling pressure, the script gives traders an idea of whether the market is trending towards more buying or selling during specific periods. Traders can use this tool to:
Identify potential entry points when buying pressure is strong.
Recognize potential selling opportunities when selling pressure is increasing.
Detect periods of indecision when neither buying nor selling dominates.
Key Concepts:
1. Buying Volume (BV):
The buying volume is calculated based on the price range of each candle. It represents the volume allocated to the bullish side of the market:
When the close is near the high, the buying volume is higher.
Formula: BV = volume * (close - low) / (high - low).
2. Selling Volume (SV):
Similarly, selling volume is derived based on the position of the close relative to the low:
When the close is near the low, selling volume is higher.
Formula: SV = volume * (high - close) / (high - low)
3. Lookback Periods:
The script allows users to define three different lookback periods (5, 10, and 20 by default). These periods smooth out the cumulative buying and selling volumes using EMA calculations:
Shorter periods capture more immediate changes in volume dynamics.
Longer periods provide a broader perspective on market trends.
4. Cumulative Volume Calculation:
For each lookback period, cumulative buying and selling volumes are tracked separately and then smoothed with EMA:
emaBuyVol and emaSellVol are the smoothed values for buying and selling volumes over the lookback periods.
5. Market Pressure Comparison:
Buying Pressure: If the EMA of buying volume is greater than the EMA of selling volume for a particular lookback period, the script considers that buying pressure dominates for that period.
Selling Pressure: Conversely, if selling volume dominates over buying volume for a period, the script registers selling pressure.
6. Overall Market Pressure:
The script aggregates the buying and selling pressures from the three lookback periods to determine the overall market sentiment:
If the majority of periods show buying pressure, the market is bullish.
If the majority show selling pressure, the market is bearish.
If neither side dominates, it suggests a neutral or indecisive market.
Visual Cues:
The script provides visual feedback to help traders quickly interpret the market pressure:
Background Color:
Green (#2bff00) when buying pressure dominates.
Red (#ff0000) when selling pressure dominates.
Gray (#404040) when there is no clear dominance.
Bar Color: The script also colors the price bars based on the dominant market pressure:
Green for buying pressure.
Red for selling pressure.
Gray for neutral or balanced market pressure.
Reset Mechanism:
At the start of each new candle, the cumulative volumes for all three periods are reset to zero. This ensures that the cumulative volumes are only measured for the current candle, preventing carryover from previous periods that could distort the analysis.
How Traders Can Use This Script:
Trend Confirmation: Traders can use the script as a trend confirmation tool. When the background turns green (buying dominance), it suggests bullish momentum. When red, bearish momentum is likely. This information can be used to confirm existing positions or signal new trades in the direction of the market pressure.
Reversal Detection: A sudden shift in the background color (from green to red or vice versa) can indicate a potential reversal. This can be particularly useful when combined with other technical indicators such as price action or support/resistance levels.
Multiple Timeframes: Since the script supports three different lookback periods, it provides a comprehensive view of market pressure across short-term, medium-term, and long-term perspectives. Traders can tailor the lookback periods based on their preferred timeframe to match their trading style, whether it’s intraday trading or longer-term swing trading.
Risk Management: The script's clear visual cues help traders manage risk by highlighting when selling pressure increases, allowing them to consider reducing long positions or tightening stop-losses.
Money Wave Script (Visual Adaptive MFI)This Script is a visual modification of the Money Flow Index (MFI)
//@version=5
indicator(title="Money Flow Index", shorttitle="MFI", format=format.price, precision=2, timeframe="", timeframe_gaps=true)
length = input.int(title="Length", defval=14, minval=1, maxval=2000)
src = hlc3
mf = ta.mfi(src, length)
plot(mf, "MF", color=#7E57C2)
overbought=hline(80, title="Overbought", color=#787B86)
hline(50, "Middle Band", color=color.new(#787B86, 50))
oversold=hline(20, title="Oversold", color=#787B86)
fill(overbought, oversold, color=color.rgb(126, 87, 194, 90), title="Background")
This Money Wave Script is culled from. the Money Flow Index with visual representation to help traders identify money flow. In addition, the waves can be smoothened. Here’s a detailed overview based on its functionality, color coding, usage, risk management, and a concluding summary.
Functionality
The Money Wave Script operates as an oscillator that measures the inflow and outflow of money into an asset over a specified period. It calculates the MFI by considering both price and volume, which allows it to assess buying and selling pressures more accurately than traditional indicators that rely solely on price data.
Color Coding
The indicator employs a color-coded scheme to enhance visual interpretation:
Green Area: Indicates bullish conditions when the normalized Money wave is above zero, suggesting buying pressure.
Red Area: Indicates bearish conditions when the normalized Money wave is below zero, suggesting selling pressure.
Background Colors: The background changes to green when the MoneyWave exceeds the upper threshold (overbought) and red when it falls below the lower threshold (oversold), providing immediate visual cues about market conditions.
Usage
Traders utilize the Money Wave indicator in various ways:
Identifying Overbought and Oversold Levels: By observing the MFI readings, traders can determine when an asset may be overbought or oversold, prompting potential entry or exit points.
Spotting Divergences: Traders look for divergences between price and the MFI to anticipate potential reversals. For example, if prices are making new highs but the MFI is not, it could indicate weakening momentum.
Trend Confirmation: The indicator can help confirm trends by showing whether buying or selling pressure is dominating.
Customizable Settings: Users can adjust parameters such as the MFI length , Smoothen index and overbought/oversold thresholds to tailor the indicator to their trading strategies.
Conclusion
The Money Wave indicator is a powerful tool for traders seeking to analyze market conditions based on the flow of money into and out of assets. Its combination of price and volume analysis, along with clear visual cues, makes it an effective choice for identifying overbought and oversold conditions, spotting divergences, and confirming trends.
Price Action UltimateThe Price Action Ultimate indicator is an innovative tool designed to provide traders with a comprehensive view of price action based on either volume or touches. By default, the indicator displays touches, offering a unique perspective on price levels that have been frequently interacted with by the market.
At its core, the indicator divides the price range of a specified lookback period into a number of rows (default 25). For each row, it calculates either the volume traded or the number of times the price touched that level. This data is then visualized in two ways: as a histogram and as horizontal lines on the chart.
The histogram, displayed on the right side of the chart, represents the distribution of touches (or volume) across different price levels. Each bar in the histogram shows the number of touches and the percentage of total touches for that price level. The color of the bars ranges from a user-defined low activity color to a high activity color, providing a quick visual reference for the most active price levels.
The horizontal lines drawn across the chart represent the most significant levels based on touches (or volume). By default, the indicator displays the top 3 levels, but this can be adjusted. The thickness of these lines corresponds to the relative importance of each level - thicker lines indicate more touches or higher volume. This feature allows traders to quickly identify key support and resistance levels based on historical price action.
One of the most innovative aspects of this indicator is the option to fade older levels over time. When enabled, this feature gradually increases the transparency of lines as they age, with newer levels appearing more prominently. This helps traders focus on the most recent and relevant price action while still maintaining awareness of older, potentially significant levels.
The indicator offers flexibility in its display options. Users can choose to show levels based on volume, touches, or both. This allows traders to compare and contrast different perspectives on price action. Additionally, the indicator includes options to display a volume profile and a background fill for the analysis range, further enhancing its visual appeal and informational content.
What makes this indicator particularly valuable is its ability to provide a clear, uncluttered view of key price levels without relying on complex calculations or multiple indicators. It distills price action down to its essence - where price has spent the most time or where the most trading activity has occurred. This can be incredibly useful for identifying potential support and resistance levels, areas of consolidation, or possible breakout points.
For traders focused on price action strategies, this indicator offers a powerful tool to enhance their analysis. It provides a data-driven approach to identifying significant price levels, which can be used to inform entry and exit decisions, set stop losses, or anticipate potential market reactions.
This indicator is a tool to aid in market analysis and should not be used as the sole basis for trading decisions. Always combine multiple forms of analysis and practice proper risk management when trading. Past performance does not guarantee future results.
Realized Price Profit/Loss Margin [VWAP Optimized]Shaded Profit/Loss Margin Oscillator
The Shaded Profit/Loss Margin Oscillator is a powerful tool designed to measure Bitcoin’s Net Unrealized Profit/Loss (NUPL). This metric reflects the difference between Bitcoin’s current market price and its realized price, which approximates the price at which coins were last moved. By smoothing the NUPL using a moving average, the indicator provides a clean purple oscillator line that helps users easily gauge market sentiment. When the oscillator is above the zero line, the market is in profit, and when it is below zero, participants are generally in a state of unrealized loss. The shaded area between the oscillator and the zero line enhances visual clarity, making it easier to identify potential shifts in market behavior such as profit-taking or capitulation.
Unique Features and Added Value
What sets this indicator apart from traditional NUPL indicators is the use of a volume-weighted average price (VWAP) as a proxy for the realized price. Unlike the original on-chain NUPL metric, which relies on complex on-chain data, this indicator leverages VWAP to provide an approximation of realized price based solely on price and volume data available directly on TradingView. This method makes it highly accessible to traders who don’t have access to on-chain data platforms.
The use of VWAP not only simplifies the calculation but also provides additional value, as it incorporates volume into the realized price estimation. This volume-sensitive approach may offer a more responsive and dynamic reflection of realized prices compared to on-chain models, which can sometimes lag. In essence, this VWAP-based NUPL oscillator offers a unique edge in tracking profit/loss margins, particularly for traders who want a straightforward and efficient way to gauge sentiment without relying on external on-chain data sources. It brings the essence of NUPL into the world of technical analysis in an accessible and actionable way.
RSI & Volume Impact Analyzer Ver.1.00Description:
The RSI VOL Score indicator combines the Relative Strength Index (RSI) and volume data through a mathematical calculation to assist traders in identifying and confirming potential trend reversals and continuations. By leveraging both momentum (RSI) and volume data, this indicator provides a more comprehensive view of market strength compared to using RSI or volume alone.
How It Works:
This indicator calculates a score by comparing the RSI against its moving average, adjusted by the volume data. The resulting score quantifies market momentum and strength. When the score crosses its signal line, it may indicate key moments where the market shifts between bullish and bearish trends, potentially helping traders spot these changes earlier.
Calculation Methods:
The RSI VOL Score allows users to select between several calculation methods to suit their strategy:
SMA (Simple Moving Average): Provides a balanced smoothing approach.
EMA (Exponential Moving Average): Reacts more quickly to recent price changes, offering faster signals.
VWMA (Volume Weighted Moving Average): Emphasizes high-volume periods, focusing on stronger market moves.
WMA (Weighted Moving Average): Applies greater weight to recent data for a more responsive signal.
What the Indicator Plots:
Score Line: Represents a combined metric based on RSI and volume, helping traders gauge the overall strength of the trend.
Signal Line: A smoothed version of the score that helps traders identify potential trend changes. Bullish signals occur when the score crosses above the signal line, while bearish signals occur when the score drops below.
Key Features:
Trend Identification: The score and signal line crossovers can help confirm emerging bullish or bearish trends, allowing traders to act on upward or downward momentum.
Customizable Settings: Traders can adjust the lengths of the RSI and signal line and choose between different moving averages (SMA, EMA, VWMA, WMA) to tailor the indicator to their trading style.
Timeframe-Specific: The indicator works within the selected timeframe, ensuring accurate trend analysis based on the current market context.
Practical Use Cases:
Trending Markets: In trending markets, this indicator helps confirm bullish or bearish signals by validating price moves with volume. Traders can use the crossover of the score and signal line as a guide for entering or exiting trades based on trend strength.
Ranging Markets: In ranging markets, the indicator helps filter out false signals by confirming if price movements are backed by volume, making it a useful tool for traders looking to avoid entering during weak or uncertain market conditions.
Interpreting the Score and Signal Lines:
Bullish Signal: A bullish signal occurs when the score crosses above the signal line, indicating a potential upward trend in momentum and price.
Bearish Signal: A bearish signal is generated when the score crosses below the signal line, suggesting a potential downward trend or weakening market momentum.
By mathematically combining RSI and volume data into a single trend score, the RSI VOL Score indicator provides traders with a powerful tool for identifying trend shifts early and making more confident trading decisions.
Important Note:
The signals generated by this indicator should be interpreted in conjunction with other analysis tools. It is always advisable to confirm signals before making any trading decisions.
Disclaimer:
This indicator is designed to assist traders in their decision-making process and does not provide financial advice. The creators of this tool are not responsible for any financial losses or trading decisions made based on its signals. Trading involves significant risk, and users should seek professional advice or conduct their own research before making any trading decisions.
Accurate 10x Volume Spike with Corrected Next Candle AnalysisDescription :
The Volume Ten Candles indicator is a technical analysis tool that helps traders identify candles with volume exceeding the previous one by 10 times. This can indicate a potential trend reversal or continuation of the current price movement.
Signal :
The indicator generates a signal when a candle with volume exceeding the previous one by 10 times appears. The signal is displayed on the chart as an arrow or other symbol.
Statistics :
The indicator also displays statistics in the form of a table that shows the number of candles with volume exceeding the previous one by 10 times for a certain period of time. This helps traders assess the strength of the trend and make a decision about entering a trade.
Example of Use :
The Volume Ten Candles indicator can be useful for traders who want to find candles with high volume and use them to enter a trade. For example, if a candle with volume exceeding the previous one by 10 times appears, it may indicate that the market is ready for a price movement. In this case, the trader can open a trade in the direction of this movement.
It is important to note that the Volume Ten Candles indicator is not a guarantee of profit and may produce false signals. Therefore, before using the indicator, it is necessary to conduct testing on historical data and develop a trading strategy.
Statistics Table :
The table displays the number of candles with volume exceeding the previous one by 10 times for each day.
Pivot Liquidity Sweep + SignalsCore Functionalities:
Sweep Signals:
The indicator identifies sweeps of liquidity by detecting when price exceeds recent pivot highs (swing highs) or pivot lows (swing lows) and then reverses direction. It draws attention to these scenarios by labeling them on the chart.
For bullish sweep signals, the entry point is the closing price of the sweep candle, with the stop loss placed at the highest point between the sweep candle and the previous candle.
For bearish sweeps, the entry point is similarly identified, with the stop loss being the lowest price of the sweep candle and the candle before it. The profit target is dynamically set to the low or high of the closest valid pivot depending on the direction of the trade.
Rejection Signals:
Rejection signals are identified when price attempts to break a pivot high or low but fails, causing a rejection.
Bullish rejections involve price trying to break a pivot low but closing back above it, indicating potential for a bounce.
Bearish rejections follow a similar pattern, with price attempting to break a pivot high but failing to hold above it, signaling a potential bearish move.
High-Precision Intrabar Data:
The "Intrabar Precision" feature allows the indicator to use lower timeframe data to accurately plot sweeps and rejections, providing traders with precise entry and exit points.
The intrabar settings are particularly useful for traders looking for high-precision trades, such as scalpers who want to capture small yet consistent moves.
ATR and Percentage-Based Filters:
The indicator allows for customizable filters to ensure signals meet certain thresholds before being validated. Traders can use ATR (Average True Range) or percentage-based conditions to filter out low-quality signals, ensuring that the trades captured have enough volatility or price movement potential.
Dashboard:
The built-in dashboard provides a quick overview of trades executed using the indicator, displaying metrics such as the total number of sweep and rejection trades, their success rates, and total profit in points.
The dashboard is color-coded for easy reading and offers traders insights into the overall performance of their strategy, helping with ongoing evaluation and optimization.
Labeling and Alerts:
Every time a sweep or rejection signal is detected, the indicator automatically labels the chart to help traders quickly identify the trading opportunities.
Alerts are also generated for each trading signal, providing the trader with real-time notifications, which can be useful for those who are not constantly monitoring their charts.
Stop Loss and Target Adaptation:
The stop loss levels are adjusted dynamically based on the recent pivot points, and the target profit is derived from valid subsequent pivot levels to ensure realistic and efficient trade exits.
See LTF Candles and VolumeThis indicator will show you the candles, wicks, and their volumes from a lower timeframe chart. You can also select a different symbol in inputs.
This indicator uses requests to receive data from different timeframe or symbols, and it simply draws boxes and lines from the requested data.
Cumulative Volume Delta Histogram [TradingFinder] CVD Histogram🔵 Introduction
To fully understand Cumulative Volume Delta (CVD), it’s important to start by explaining Volume Delta. In trading, "Delta" refers to the difference between two values or the rate of change between two data points. Volume Delta represents the difference between buying and selling pressure for each candlestick on a chart, and this difference can vary across different time frames.
A positive delta indicates that buying volume exceeds selling volume, while a negative delta shows that selling pressure is stronger. When buying and selling volumes are equal, the volume delta equals zero.
The Cumulative Volume Delta (CVD) indicator tracks the cumulative difference between buying and selling volumes over time, helping traders analyze market dynamics and identify reliable trading signals through CVD divergences.
🔵 How to Use
Cumulative Volume Delta (CVD) is an essential technical analysis tool that aggregates delta values for each candlestick, creating a comprehensive indicator. This helps traders evaluate overall buying and selling pressure over market swings.
Unlike standard Volume Delta, which compares the delta on a candle-by-candle basis, CVD provides a broader view of buying and selling pressure during market trends. A downward-trending CVD suggests that selling pressure is dominant, which is typically a bearish signal.
Conversely, an upward-trending CVD indicates bullish sentiment, suggesting buyers are in control. This analysis becomes even more valuable when compared with price action and market structure, helping traders predict the direction of asset prices.
🟣 How to Use CVD in Trend Analysis and Market Reversals
Understanding how to detect trend changes using Cumulative Volume Delta is crucial for traders. Typically, CVD aligns with market structure, moving in the same direction as price trends.
However, divergences between CVD and price movements or signs of volume exhaustion can be powerful indicators of potential market reversals. Recognizing these patterns helps traders make more informed decisions and improve their trading strategies.
🟣 How to Spot Trend Exhaustion with CVD
CVD is particularly effective for identifying trend exhaustion in the market. For instance, if an asset's price hits a new low, but CVD doesn’t follow, this might indicate a lack of seller interest, signaling potential exhaustion and a possible reversal.
Similarly, if an asset reaches a new high but CVD fails to follow, it can suggest that buyers lack the strength to push the market higher, indicating a possible reversal to the downside.
🟣 How to Use CVD Divergence in Price Trend Analysis
Another effective use of CVD is identifying divergences in price trends. For example, if CVD breaks a previous high or low while the price remains stable, this divergence may indicate that buying or selling pressure is being absorbed.
For instance, if CVD rises sharply without a corresponding increase in asset prices, it may suggest that sellers are absorbing the buying pressure, which could lead to a strong sell-off. Conversely, if prices remain stable while CVD declines, it may indicate that buyers are absorbing selling pressure, likely leading to a price increase once the selling subsides.
🟣 CVD Display, Candlestick vs. Histogram – What’s the Difference?
CVD can be displayed in two different formats :
Candlestick Display : In this format, the data is shown as green and red candlesticks, each representing the difference in buying and selling pressure over a given time period. This display allows traders to visually analyze market pressure along with price changes.
Histogram Display : Here, the data is represented as vertical green and red bars, where each bar’s height corresponds to the volume delta. This format offers a clearer view of the strengths and weaknesses in market buying and selling pressure.
🟣 What are the Key Settings for CVD?
Cumulative Mode : CVD offers three modes: "Total," "Periodic," and "EMA." In "Total" mode, CVD accumulates the delta from the beginning to the end of the session. In "Periodic" mode, it accumulates volume periodically, resetting at specific intervals. In "EMA" mode, the CVD is smoothed using an Exponential Moving Average (EMA) to filter out short-term fluctuations.
Period : The "Period" setting allows you to define the number of bars or intervals for "Periodic" and "EMA" modes. A shorter period captures more short-term movements, while a longer period smooths out the fluctuations and provides a broader view of market trends.
Market Ultra Data : This feature integrates data from 26 major brokers into the volume calculations, providing more reliable volume data. It’s important to specify the type of market you are analyzing (Forex, crypto, etc.) as different brokers contribute to different markets. Enabling this setting ensures the highest accuracy in volume analysis.
🔵 Conclusion
Cumulative Volume Delta (CVD) is a powerful technical indicator that helps traders assess buying and selling pressure by aggregating the delta values of each candlestick. Whether displayed as candlesticks or histograms, CVD provides insights into market trends, helping traders make informed decisions.
CVD is particularly useful in identifying divergences and exhaustion in market trends. For example, if CVD does not align with price movements, it can signal a potential trend reversal. Traders use this tool to fine-tune their entry and exit points and better predict future market movements.
In summary, CVD is a versatile tool for analyzing volume data and understanding the balance of buying and selling pressure in the market, making it an invaluable asset in any trader’s toolkit
Volume-Supported Linear Regression Trend TableThe "Volume-Supported Linear Regression Trend Table" (VSLRT Table) script helps traders identify buy and sell opportunities by analyzing price trends and volume dynamics across multiple timeframes. It uses linear regression to calculate the trend direction and volume strength, visually representing this data with color-coded signals on the chart and in a table. Green signals indicate buying opportunities, while red signals suggest selling, with volume acting as confirmation of trend strength. Traders can use these signals for both short and long positions, with additional risk management and multi-timeframe validation to enhance the strategy.
------------------------------------------------------------------------------
To use the "Volume-Supported Linear Regression Trend Table" (VSLRT Table) script in a trading strategy, you would incorporate it into your decision-making process to identify potential buy and sell opportunities based on the trend and volume dynamics. Here’s how you could apply it for trading:
1. Understanding the Key Elements:
Trend Direction (Slope of Price): The script uses linear regression to assess the trend direction of the price. If the price slope is positive, the asset is likely in an uptrend; if it's negative, the asset is in a downtrend.
Volume-Backed Signals: The buy or sell signal is not only based on the price trend but also on volume. Volume is crucial in validating the strength of a trend; large volume often indicates strong interest in a direction.
2. Interpreting the Table and Signals:
The table displayed at the bottom-right of your TradingView chart gives you a clear overview of the trends across different timeframes:
Trend Colors:
Green hues (e.g., ccol11, ccol12, etc.): Indicate a buying trend supported by volume.
Red hues (e.g., ccol21, ccol22, etc.): Indicate a selling trend supported by volume.
Gray: Indicates weak or unclear trends where no decisive direction is present.
Buy/Sell Signals:
The script plots triangles on the chart:
Upward triangle below the bar signals a potential buy.
Downward triangle above the bar signals a potential sell.
3. Building a Trading Strategy:
Here’s how you can incorporate the script’s information into a trading strategy:
Buy Signal (Long Entry):
Look for green triangles (indicating a buy signal) below a bar.
Confirm that the trend color in the table for the relevant timeframe is green, which shows that the buy signal is supported by strong volume.
Ensure that the price is in an uptrend (positive slope) and that volume is increasing on upward moves, as this indicates buying interest.
Execute a long position when these conditions align.
Sell Signal (Short Entry):
Look for red triangles (indicating a sell signal) above a bar.
Confirm that the trend color in the table for the relevant timeframe is red, which shows that the sell signal is supported by strong volume.
Ensure that the price is in a downtrend (negative slope) and that volume is increasing on downward moves, indicating selling pressure.
Execute a short position when these conditions align.
Exiting the Trade:
Exit a long position when a sell signal (red triangle) appears, or when the trend color in the table shifts to red.
Exit a short position when a buy signal (green triangle) appears, or when the trend color in the table shifts to green.
4. Multi-Timeframe Confirmation:
The script provides trends across multiple timeframes (tf1, tf2, tf3), which can help in validating your trade:
Short-Term Trading: Use shorter timeframes (e.g., 3, 5 minutes) for intraday trades. If both short and medium timeframes align in trend direction (e.g., both showing green), it strengthens the signal.
Longer-Term Trading: If you are trading on a higher timeframe (e.g., daily or weekly), confirm that the lower timeframes align with your intended trade direction.
5. Adding Risk Management:
Stop-Loss: Place stop-losses below recent lows (for long trades) or above recent highs (for short trades) to minimize risk.
Take Profit: Consider taking profit at key support/resistance levels or based on a fixed risk-to-reward ratio (e.g., 2:1).
Example Strategy Flow:
For Long (Buy) Trade:
Signal: A green triangle appears below a candle (Buy signal).
Trend Confirmation: Check that the color in the table for your selected timeframe is green, confirming the trend is supported by volume.
Execute Long: Enter a long trade if the price is trending upward (positive price slope).
Exit Long: Exit when a red triangle appears above a candle (Sell signal) or if the trend color shifts to red in the table.
For Short (Sell) Trade:
Signal: A red triangle appears above a candle (Sell signal).
Trend Confirmation: Check that the color in the table for your selected timeframe is red, confirming the trend is supported by volume.
Execute Short: Enter a short trade if the price is trending downward (negative price slope).
Exit Short: Exit when a green triangle appears below a candle (Buy signal) or if the trend color shifts to green in the table.
6. Fine-Tuning:
Backtesting: Before trading live, use TradingView’s backtesting features to test the strategy on historical data and optimize the settings (e.g., length of linear regression, timeframe).
Combine with Other Indicators: Use this strategy alongside other technical indicators (e.g., RSI, MACD) for better confirmation.
In summary, the script helps identify trends with volume support, giving more confidence in buy/sell decisions. Combining these signals with risk management and multi-timeframe analysis can create a solid trading strategy.
Premium & Discount Delta Volume [BigBeluga]Premium & Discount Delta Volume is an advanced volume-based tool that helps traders identify zones of market imbalances by using the concepts of premium and discount pricing, commonly taught by ICT trader. It calculates and highlights periods where the market is trading at a premium (selling pressure is stronger) or a discount (buying pressure is stronger) and dynamically plots these zones over time. The indicator also calculates delta volume between buying and selling within these zones, showing shifts in market sentiment and potential areas for reversals or continuations.
🔵 IDEA
The Premium & Discount Delta Volume indicator is rooted in the ICT (Inner Circle Trader) concept of premium and discount zones. This concept divides the price action into two key zones:
Premium Zone : This area is where the market is trading at a level where sellers dominate, leading to more selling pressure. The idea is that the price is overvalued, and a potential drop could occur as the market reverts to a balanced state.
Discount Zone : This area is where the market is undervalued, with buyers dominating and applying upward pressure. Prices in this area often indicate opportunities to buy into strength as the market moves back to equilibrium.
At the core of the indicator is the delta volume, which measures the difference between buying and selling pressure within the premium and discount zones. When the delta volume is negative, it signals a downtrend with more selling pressure, while a positive delta volume signals an uptrend with more buying pressure. These zones and their associated delta values update dynamically, providing traders with real-time insights into market strength and potential price reversals.
The equilibrium in the middle of the premium and discount zones represents the balance point between buyers and sellers. When price moves away from equilibrium, it either enters the premium zone (potentially overbought) or the discount zone (potentially oversold), helping traders make more informed decisions based on volume and price structure.
🔵 KEY FEATURES & USAGE
Premium & Discount Zones:
The indicator automatically identifies and plots premium and discount zones on the chart. Premium zones count only negative (selling) volume, while discount zones count only positive (buying) volume. These zones are key areas of interest for identifying potential price reversals or continuations based on volume pressure.
Dynamic Delta Volume Calculation:
The indicator calculates delta volume between the premium and discount zones, showing the imbalance between buyers and sellers. A positive delta volume inside the discount zone suggests strong buying pressure, while a negative delta inside the premium zone suggests strong selling pressure. This helps traders quickly identify trends or market exhaustion.
Up Trend:
Down Trend:
Real-time Updates & Equilibrium Line:
The zones update dynamically every 100 bars or after price crosses them, ensuring that traders always have the most relevant market data. The equilibrium line in the middle of the zones helps traders gauge whether the market is balanced or moving into overbought (premium) or oversold (discount) territory.
Macro and Local Period Calculations:
The indicator allows traders to customize two different periods for analysis: a smaller lookback period (e.g., 50 bars) for short-term price action and a macro period (e.g., 200 bars) for larger trends. Each period has its own premium and discount zones, allowing for a multi-timeframe view of market strength.
Macro:
Both:
Color-coded background for Volume Pressure:
The background color of the smaller period premium and discount box changes based on delta volume. A positive delta turns the background blue, indicating higher buy pressure, while a negative delta turns the background red, signaling higher sell pressure.
🔵 CUSTOMIZATION
Toggle Premium & Discount: Traders can choose to display support and resistance levels based on the high and low points of the premium and discount zones.
Premium & Discount Lookback Period: Traders can adjust the lookback period to define the length of price action to be analyzed for premium and discount zones. A shorter period focuses on more recent market activity, while a longer period provides a broader view of trends.
Macro Highs/Lows Period: The indicator also offers a macro lookback period for identifying larger market trends and key levels of buying or selling volume.
Toggle Macro Levels: Macro levels help identify long-term price extremes, and traders can toggle this feature on or off as needed.
Volume Density AnalysisVolume Density Analysis
Overview
The "Volume Density Analysis" indicator is designed to provide traders with insights into volume dynamics relative to price movements. By analyzing the density of volume against price spread, this indicator helps identify potential reversal points and extreme volume conditions, enhancing decision-making in trading strategies.
Key Features
Volume Density Calculation: The indicator computes the density of volume by dividing the total volume by the price spread (high - low) for each bar. This allows for a more nuanced understanding of volume activity in relation to price movements.
Extremum Detection: Users can specify the number of bars to consider when identifying extreme volume conditions, allowing for tailored analysis based on market behavior.
Reversal Bar Conditions: The indicator includes options to determine if low or high volume bars must coincide with reversal patterns, providing additional context for potential trade signals.
Dynamic Coloring*: The histogram displays colored bars based on specific conditions:
Blue Bars: Indicate the lowest and highest volume density within a specified range, highlighting significant volume extremes.
Gray Bars: Represent lower or higher volume density that meets reversal criteria.
Green and Red Bars: Indicate bullish or bearish reversal signals based on historical density patterns.
User Inputs
nl: Number of previous lower bars to consider for comparison (default is 8).
nh: Number of previous higher bars to consider for comparison (default is 8).
ext: Number of bars for detecting extremum volume (default is 30).
LReversalBar: Boolean option to determine if low volume bar spread must indicate a reversal.
HReversalBar: Boolean option to determine if high volume bar spread must indicate a reversal.
Suggested Timeframes
M15: Without reversal considerations, use `nl=3`, `nh=3`, and `ext=20`.
M5: Without reversal considerations, use `nl=4`, `nh=4`, and `ext=35`.
M1: Use `nl=8`, `nh=8`, and `ext=58` for more detailed analysis.
Candle Speed and AccelerationCandle Speed and Acceleration Indicator
This indicator calculates the speed and acceleration of candlesticks in points per minute (P/M), providing traders with insights into the momentum and volatility of price movements during the trading session.
Features:
Speed Calculation: Measures the change in price per minute, helping you understand how quickly the market is moving.
Acceleration Measurement: Tracks the change in speed between consecutive candles, offering an additional layer of momentum analysis.
Real-Time Display: Shows the current, previous, and second previous candles' speed and acceleration in a table on the chart.
Crosshair Integration: Displays speed and acceleration at the crosshair location, offering instant feedback as you hover over the chart.
Alerts: Notifies you when candle speed exceeds a customizable threshold, helping you catch significant market moves as they happen.
Permanent Markers: Marks candles on the chart when the speed threshold is exceeded, visually highlighting high-speed candles.
This tool is essential for traders who want to analyze the momentum and acceleration of market movements, providing clear visual cues and alerts for potential trading opportunities.
SMA, VWAP with Buy/Sell Signals - First Signal OnlyIndicator: SMA, VWAP with First Buy/Sell Signals
Overview:
This indicator plots two Simple Moving Averages (SMA 20 and SMA 200) and the Volume-Weighted Average Price (VWAP) on the chart, with fully customizable colors and line thickness. Additionally, it provides buy and sell signals based on the price action relative to these indicators.
Buy Signal:
A buy signal is generated when a green candle (bullish candle) closes above the SMA 20, SMA 200, and VWAP without touching them (i.e., the low of the candle is above all three). This signal will only be plotted for the first such candle of the day to avoid signal clutter.
Sell Signal:
A sell signal is generated when a candle closes below the SMA 20, SMA 200, and VWAP without touching them (i.e., the high of the candle is below all three). Similar to the buy signal, it will only be plotted for the first qualifying candle of the day.
Customization:
SMAs and VWAP: Users can adjust the lengths, colors, and line thickness of the SMAs and VWAP to suit their preferences.
Signal Shape: You can choose from different shapes (arrow, circle, or cross) to represent the buy and sell signals on the chart.
Key Features:
First Candle Only: Both buy and sell signals are generated only for the first candle that satisfies the conditions, ensuring clean and actionable signals.
Visual Customization: Full control over the appearance of the indicator, including signal shapes and line properties.
Works Across Assets: This indicator is applicable to any asset (stocks, forex, crypto) where price action relative to moving averages and VWAP is important.
Rolling VWAPGuide for Traders
What is the Rolling VWAP?
The Volume Weighted Average Price (VWAP) is a key indicator used by traders to assess the average price of an asset, weighted by volume over a specified period. Unlike a simple moving average, the VWAP accounts for trading volume, making it a more accurate reflection of price action and market sentiment.
The Rolling VWAP in this script dynamically updates based on a user-defined period, allowing traders to view the average price over a chosen number of bars. This is particularly useful for identifying trends and potential entry or exit points in the market.
Key Benefits of Using Rolling VWAP
Better Market Insight: VWAP provides insight into where most trading is occurring, helping you gauge the strength of a price move.
Support and Resistance Levels: It often acts as dynamic support or resistance, signaling areas where price might reverse.
Trend Confirmation: A rising VWAP suggests a bullish trend, while a falling VWAP indicates a bearish trend.
Informed Entry/Exit Decisions: Use the VWAP to find entry points below it in an uptrend or exit points above it in a downtrend.
How to Use this Script:
Custom Period Input:
You can modify the "VWAP Period" to adjust the number of bars considered in the rolling calculation.
The default period is 14 bars, but you can set it based on your strategy (e.g., shorter for intraday trading, longer for swing trading).
Chart Interpretation
Bullish Signals: When the price is above the VWAP line, it suggests upward momentum, and you may consider buying opportunities.
Bearish Signals: When the price is below the VWAP, it indicates downward momentum, and you may consider selling or shorting opportunities.
Reversion to VWAP: Prices often revert to the VWAP after extended moves away from it, offering potential trade setups.
Combine with Other Indicators:
Momentum Indicators: Use with RSI, MACD, or moving averages for confirmation.
Volume Analysis: VWAP works well when combined with volume indicators to assess if a breakout is supported by high trading volume.
Customization:
Traders can customize the script's period and plot color to fit their charting preferences.
Practical Tips:
Intraday Traders: Use shorter periods (e.g., 5 or 10) to capture VWAP trends in fast-moving markets.
Swing Traders: Use longer periods (e.g., 50 or 100) to assess longer-term price and volume trends.
By integrating this Rolling VWAP into your strategy, you can better understand where the majority of trading volume has occurred, allowing you to make more informed decisions in your trading process.
High Volume Zone HighlightDescription:
The High Volume Zone Highlight highlights areas on the chart where the volume exceeds a user-defined threshold based on a moving average. This helps traders visually identify zones of high trading activity.
The moving average period and volume threshold are fully customizable.
Background color highlights appear when the current volume is greater than a specified multiple of the volume moving average.
Ideal for traders who want to spot significant volume changes relative to historical averages.
Inputs:
Volume MA Length: The number of periods for calculating the volume moving average.
Volume MA Factor: A multiplier to define the threshold. For example, setting this to 1.5 will highlight when the volume is 150% of the moving average.
Style Customization:
Users can adjust the color and transparency of the highlighted zones from the settings.
説明:
ハイ・ボリューム・ゾーン・ハイライトは、出来高が移動平均に基づいたユーザー定義の閾値を超えたエリアをチャート上で強調表示します。
移動平均期間と出来高閾値は自由にカスタマイズ可能です。
現在の出来高が出来高移動平均の指定した倍数を超えた場合、背景色が強調表示されます。
過去の平均と比較して重要な出来高の変化を検出したいトレーダーに最適です。
設定項目:
出来高移動平均期間: 出来高移動平均を計算する際の期間。
出来高MA係数: 閾値を定義するための係数。たとえば、1.5に設定すると、出来高が移動平均の150%を超えたときにハイライトされます。
スタイルカスタマイズ:
設定からハイライトされたゾーンの色や透明度を調整できます。
Smartos VWAPSmartos VWAP Indicator Description
Smartos VWAP is a versatile and customizable technical analysis tool designed for traders and analysts to gauge the average price of a security based on its trading volume. The indicator calculates the Volume Weighted Average Price (VWAP) over six different customizable periods, allowing users to adapt the analysis to their trading strategies.
Key Features:
Volume Weighted Average Price (VWAP): The Smartos VWAP provides a dynamic measure of the average price at which a security has traded throughout the day, weighted by volume. This makes it a useful reference point for assessing price levels.
Customizable Periods: The indicator allows users to set six different candle lengths for VWAP calculations, with default values of 21, 48, 84, 175, 480, and 840 candles. Users can easily modify these values to suit their trading preferences.
Multiple VWAP Lines: The indicator plots six distinct VWAP lines on the chart, each representing a different period. This enables traders to observe price action relative to multiple VWAPs, helping identify trends and potential support and resistance levels.
Visual Clarity: Each VWAP line is color-coded for easy differentiation, making it simple for traders to analyze price movements and the relationship between the current price and the average price over the selected periods.
Usage:
Traders can use the Smartos VWAP indicator to make informed decisions regarding entry and exit points, as well as to assess overall market sentiment. By observing the position of the price relative to the VWAP lines, traders can gain insights into potential bullish or bearish trends.
Volumatic Variable Index Dynamic Average [BigBeluga]The Volumatic VIDYA (Variable Index Dynamic Average) indicator is a trend-following tool that calculates and visualizes both the current trend and the corresponding buy and sell pressure within each trend phase. Using the Variable Index Dynamic Average as the core smoothing technique, this indicator also plots volume levels of lows and highs based on market structure pivot points, providing traders with key insights into price and volume dynamics.
Additionally, it generates delta volume values to help traders evaluate buy-sell pressure balance during each trend, making it a powerful tool for understanding market sentiment shifts.
BTC:
TSLA:
🔵 IDEA
The Volumatic VIDYA indicator's core idea is to provide a dynamic, adaptive smoothing tool that identifies trends while simultaneously calculating the volume pressure behind them. The VIDYA line, based on the Variable Index Dynamic Average, adjusts according to the strength of the price movements, offering a more adaptive response to the market compared to standard moving averages.
By calculating and displaying the buy and sell volume pressure throughout each trend, the indicator provides traders with key insights into market participation. The horizontal lines drawn from the highs and lows of market structure pivots give additional clarity on support and resistance levels, backed by average volume at these points. This dual analysis of trend and volume allows traders to evaluate the strength and potential of market movements more effectively.
🔵 KEY FEATURES & USAGE
VIDYA Calculation:
The Variable Index Dynamic Average (VIDYA) is a special type of moving average that adjusts dynamically to the market’s volatility and momentum. Unlike traditional moving averages that use fixed periods, VIDYA adjusts its smoothing factor based on the relative strength of the price movements, using the Chande Momentum Oscillator (CMO) to capture the magnitude of price changes. When momentum is strong, VIDYA adapts and smooths out price movements quicker, making it more responsive to rapid price changes. This makes VIDYA more adaptable to volatile markets compared to traditional moving averages such as the Simple Moving Average (SMA) or the Exponential Moving Average (EMA), which are less flexible.
// VIDYA (Variable Index Dynamic Average) function
vidya_calc(src, vidya_length, vidya_momentum) =>
float momentum = ta.change(src)
float sum_pos_momentum = math.sum((momentum >= 0) ? momentum : 0.0, vidya_momentum)
float sum_neg_momentum = math.sum((momentum >= 0) ? 0.0 : -momentum, vidya_momentum)
float abs_cmo = math.abs(100 * (sum_pos_momentum - sum_neg_momentum) / (sum_pos_momentum + sum_neg_momentum))
float alpha = 2 / (vidya_length + 1)
var float vidya_value = 0.0
vidya_value := alpha * abs_cmo / 100 * src + (1 - alpha * abs_cmo / 100) * nz(vidya_value )
ta.sma(vidya_value, 15)
When momentum is strong, VIDYA adapts and smooths out price movements quicker, making it more responsive to rapid price changes. This makes VIDYA more adaptable to volatile markets compared to traditional moving averages
Triangle Trend Shift Signals:
The indicator marks trend shifts with up and down triangles, signaling a potential change in direction. These signals appear when the price crosses above a VIDYA during an uptrend or crosses below during a downtrend.
Volume Pressure Calculation:
The Volumatic VIDYA tracks the buy and sell pressure during each trend, calculating the cumulative volume for up and down bars. Positive delta volume occurs during uptrends due to higher buy pressure, while negative delta volume reflects higher sell pressure during downtrends. The delta is displayed in real-time on the chart, offering a quick view of volume imbalances.
Market Structure Pivot Lines with Volume Labels:
The indicator draws horizontal lines based on market structure pivots, which are calculated using the highs and lows of price action. These lines are extended on the chart until price crosses them. The indicator also plots the average volume over a 6-bar range to provide a clearer understanding of volume dynamics at critical points.
🔵 CUSTOMIZATION
VIDYA Length & Momentum: Control the sensitivity of the VIDYA line by adjusting the length and momentum settings, allowing traders to customize the smoothing effect to match their trading style.
Volume Pivot Detection: Set the number of bars to consider for identifying pivots, which influences the calculation of the average volume at key levels.
Band Distance: Adjust the band distance multiplier for controlling how far the upper and lower bands extend from the VIDYA line, based on the ATR (Average True Range).
