AVWAP Band✨ AVWAP Band by Mars ✨
The AVWAP Band indicator eliminates the guesswork of selecting multipliers for your VWAP analysis. Instead of using arbitrary deviations, this indicator provides three distinct VWAP lines calculated from different price points - giving you a complete VWAP band with just one tool.
What Makes This Different From Standard VWAP
Traditional VWAP indicators use multipliers (1.0, 2.0, 3.0) which require constant adjustment across different markets and timeframes. The AVWAP Band simplifies this by using natural price points:
Low-based VWAP (green) - acts as support
High-based VWAP (red) - acts as resistance
HL2-based VWAP (gray) - acts as the centerline
Key Features
Reduces cognitive load - no more guessing which multiplier to use
User-selected anchor point (click to set date)
Customizable colors and line styles
Built-in alerts for all crossover/crossunder events
Visual anchor point marker
How To Use It
After adding the indicator to your chart, you have to click on your anchor point
Watch for price reactions at each VWAP line
Look for crossovers between price and the different VWAPs
Use the HL2 VWAP as a centerline to determine overall bias
Trading Applications
Support/Resistance levels for intraday trading
Mean-reversion signals when price touches band extremes
Trend confirmation when price holds above/below centerline
Range identification between upper and lower bands
Volatility assessment based on band width
Customization Options
Toggle each VWAP line individually
Adjust line colors to match your chart theme
Control line width and transparency
Enable/disable anchor point label
This indicator simplifies VWAP analysis by giving you natural price-based bands without the need to adjust multipliers across different markets. The high, low, and HL2 sources create a complete VWAP picture with just one tool.
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Feedback and suggestions welcome!
Volume
Liquidity Location Detector [BigBeluga]
This indicator helps traders identify potential liquidity zones by detecting significant volume levels at key highs and lows. By using color intensity and scoring numbers, it visually highlights areas where liquidity concentration may be highest while incorporating trend analysis through EMAs.
🔵Key Features:
Liquidity Zone Detection: Automatically detects and marks areas where significant volume has accumulated at swing highs and lows.
Dynamic Box Plotting: Draws liquidity boxes at key highs and lows, updating based on market conditions.
Volume Strength Scaling: Uses a scoring system to rank liquidity zones, helping traders identify the strongest areas.
Color Intensity for Volume Strength: More transperent color indicate less liquidity, while less transperent represent stronger volume concentrations.
Customizable Display: Users can adjust the number of displayed liquidity zones and modify colors to suit their trading style.
Real-Time Liquidity Adaptation: As price interacts with liquidity zones, the indicator updates dynamically to reflect changing market conditions.
Auto-Stopping Liquidity Zones: Liquidity boxes automatically stop extending to the right once price crosses them, preventing outdated zones from interfering with live market action.
Trend Analysis with EMAs: Includes two optional EMAs (fast and slow) to help traders analyze market trends. Users can enable or disable these EMAs in the settings and use crossover signals for trend confirmation.
🔵Usage:
Identify Key Liquidity Areas: Use color intensity and transparency levels to determine high-impact liquidity zones.
Support & Resistance Confirmation: Liquidity zones can act as potential support and resistance levels, enhancing trade decision-making.
Market Structure Analysis: Observe how price interacts with liquidity to anticipate breakout or reversal points.
Scalping & Swing Trading: Works for both short-term and long-term traders looking for liquidity-based trade setups.
Liquidation Map Insight: A liquidity map highlights areas where large amounts of leveraged positions (both long and short) are likely to get liquidated. Since many traders use leverage, sharp price movements can trigger a cascade of liquidations, leading to rapid price surges or drops. Monitoring these liquidity zones and trends helps traders anticipate where price might react strongly.
Liquidity Location Detector is an essential tool for traders seeking to map out potential liquidity zones, providing deeper insights into market structure and trading volume dynamics.
ZenAlgo - LevelsThis script combines multiple anchored Volume-Weighted Average Price (VWAP) calculations into a single tool, providing a continuous record of past VWAP levels and highlighting when price has tested them. Typically, VWAP indicators show only the current VWAP for a single anchor period, requiring you to either keep re-anchoring manually or juggle multiple instances of different VWAP tools for each timeframe. By contrast, this script automatically tracks both the ongoing VWAP and previously completed VWAP values, along with real-time detection of “tests” (when price crosses a particular VWAP level). It’s especially valuable for traders who want to see how price has interacted with VWAP over several sessions, weeks, or months—without switching between separate indicators or manually setting anchors.
Below is a comprehensive explanation of each component, why multiple VWAP lines working together can be more informative than a single line, and how to adjust the script for various markets and trading styles:
Primary VWAP vs. Historical VWAP Lines - Standard VWAP indicators typically focus on the current line only. This script also calculates a primary VWAP, but it “locks in” each completed VWAP value when a new time anchor is detected (e.g., new weekly bar, new monthly bar, new session). As a result, you retain an ongoing history of VWAP lines for every completed anchored period. This is more powerful than manually setting up multiple VWAP tools—one for each desired timeframe—because everything is handled in a single script. You avoid chart clutter and the risk of forgetting to reset your manual VWAP at the correct bar.
Why Combine Multiple Anchored VWAP Lines in One Script? - Viewing several anchored VWAP lines together offers synergy . You see not only the current VWAP but also previous ones from different sessions or months, all within the same chart pane. This synergy becomes apparent if multiple historical VWAP lines cluster near the same price level, indicating a potentially significant zone of volume-based support or resistance. Handling this manually would involve repeatedly setting separate VWAP indicators, each reset at specific points, which is time-consuming and prone to error. In this script, the process is automated: as soon as the anchor changes, a completed VWAP line is stored so you can observe how price eventually reacts to it, repeatedly or not at all.
Automated “Test” Detection - Once a historical VWAP line is set, the script tracks when price crosses it in subsequent bars. If the high and low of a bar span that line, the script marks it in red (both the line and its label). It also keeps a counter of how many times each line has been tested. This method goes beyond a simple visual approach by quantifying the retests. Because all these lines are created and managed in one place, you don’t have to manually label the lines or check them one by one.
Advantages Over Manually Setting Multiple VWAPs
You save screen space: Instead of layering several VWAP indicators, each with unique settings, this single script plots them all on one overlay.
Automation: When a new anchor period begins, the script “closes out” the old VWAP and starts a new one. You never need to remember to reset it manually.
Retest Visualization: The script not only draws each line but also changes color and updates the label automatically if a line gets tested. Doing this by hand would be labor-intensive.
Unified Parameters: All settings (e.g., array size, max distance, test count limit) apply uniformly. You can manage them from one place, instead of configuring multiple separate tools.
Extended Insight with Multiple VWAP Lines
Since VWAP reflects the volume-weighted average price for each chosen period, historical lines can show zones where the market had a fair-value consensus in previous intervals. When the script preserves these lines, you see potential support/resistance areas more distinctly. If, for instance, price continually pivots around an old VWAP line, that may reveal a strong volume-based level. With several older VWAP lines on the chart, you gain an immediate sense of where these volume-derived averages have appeared and how price reacted over time. This wider perspective often proves more revealing than a single “current” VWAP line that does not reflect previous anchor sessions.
Handling of Illiquid Markets and Volume Limitations
VWAP is inherently tied to volume data, so its reliability decreases if volume reporting is missing or if the asset trades with very low liquidity. In such cases, a single large trade might momentarily skew the VWAP, resulting in “false” test signals when the high/low range intersects an abnormal price swing. If you suspect the data is incomplete or the market is unusually thin, it’s wise to confirm the validity of these VWAP lines before using them for any decision-making. Additionally, unusual market conditions—like after-hours trading or sudden high-volatility events—may cause VWAP to shift quickly, setting up multiple lines in a short time.
Key User-Configurable Settings
Hide VWAP on Day timeframe and above : Lets you disable the primary VWAP plot on daily or higher timeframes for a cleaner view.
Anchor Period : Select from Session, Week, Month, Quarter, Year, Decade or Century. Controls how frequently the script resets and preserves the VWAP line.
Offset : Moves the current VWAP line by a specified number of bars if you need a shifted perspective.
Max Array Size : Caps how many past VWAP lines the script will remember. Prevents clutter if you’re charting very long histories.
Max Distance : Defines how far back (in bar index units) a line is kept. If a line’s start bar is older than this threshold, it’s removed, keeping the chart uncluttered.
Max Red Labels : Limits the number of tested (red) VWAP lines that appear. If price tests a large number of old lines, only the newest red labels remain once you hit the set limit.
Workflow Overview
As soon as a new anchor period begins (e.g., a new weekly candle if “Week” is chosen), the script ends the current VWAP and stores that final value in its internal arrays.
It creates a dotted line and label representing the completed VWAP, and keeps track of whether it has been tested or not.
Subsequent bars may then cross that line. If a bar’s high/low includes the line’s value, it’s flagged as tested, labeled red, and a test counter increases.
As new anchored periods come, old lines remain visible—unless they fall outside your maxDistance or you exceed the maximum stored line count.
Real-World Benefits
Combining multiple VWAP lines—ranging, for example, from session-based lines for intraday perspectives to monthly or quarterly lines for broader context—provides a layered view of the volume-based fair price. This can help you quickly spot zones where price repeatedly intersects old VWAPs, potentially highlighting where bulls or bears took action historically. Because this script automates the management of all these lines and flags their retests, it removes a great deal of repetitive manual work that would typically accompany multiple, separate VWAP indicators set to different anchors.
Limitations & Practical Use
As with any volume-related tool, the script depends on reliable volume data. Assets trading on smaller venues or during illiquid periods may produce spurious signals. The script does not signal buy or sell decisions; rather, it helps visually map out where volume-weighted averages from previous periods might still be relevant to market behavior. Always combine the insight from these historical VWAP lines with your existing analytical approach or other technical and fundamental tools you use.
Conclusion
This script unifies past and present VWAP lines into one overlay, automatically detecting new anchor resets, storing the final VWAP values, and indicating whenever old lines are retested by price. It offers synergy through the simultaneous display of multiple historical VWAP lines, making it quicker and easier to detect potential support/resistance zones and better reflect changing market volumes over time. You no longer need to manually create, configure, or reset multiple VWAP indicators. Instead, the script handles all aspects of line creation, retest detection, and clutter management, giving you a robust framework to observe how historical VWAP data aligns with current price action.
By understanding the significance of multiple anchored VWAP lines, you can assess market structure from multiple angles in a single view. As always, ensure you confirm the reliability of the volume data for your particular asset and use these lines in conjunction with other analyses to form a well-rounded perspective on current market behavior.
Dynamic Timeframe Trend AnalyzerPurpose and Core Logic
This indicator automatically adjusts its calculations based on the current chart’s timeframe, allowing traders to analyze trends, momentum, and mean reversion opportunities without manually changing indicator settings for each interval. It detects potential long or short setups by combining several techniques:
Dynamic Timeframe Factor
The script compares the current timeframe to a base (e.g., 5 minutes) and calculates a “factor” to scale certain parameters, such as EMA lengths or ATR settings. This reduces the need to reconfigure indicators when switching timeframes.
Regime Detection
It uses ADX (Average Directional Index) to classify the market as strongly trending, moderately trending, choppy, or in a potential mean-reversion phase.
RSI (Relative Strength Index) is also monitored for extreme levels (e.g., overbought/oversold) to detect potential reversal zones.
Volume is compared to a moving average to confirm or refute volatility conditions.
Trend & Mean Reversion Signals
EMA Alignment (8/21/55) helps identify bullish or bearish phases (strong bull if all EMAs align upward, strong bear if aligned downward).
For mean reversion opportunities, the script checks if ADX is sufficiently low (indicating weak or no trend) while price and RSI are at extreme levels—suggesting a snapback or countertrend move may occur.
Dynamic Stop Loss & Take Profit
Uses ATR (Average True Range) to set initial stop-loss (SL) and take-profit (TP) levels, then adjusts these levels further with “regime multipliers” based on whether the market is in a high-volatility trend or a quieter mean-reversion environment.
This approach aims to place stops and targets in a more adaptive way, reflecting current market conditions rather than a one-size-fits-all approach.
Visual Aids
Color-coded chart backgrounds (e.g., greenish for bullish trend, red for bearish, yellow/orange for mean reversion).
Triangles to show recent bullish/bearish signals.
A status table in the top-right corner (optional) displaying key metrics like ADX, RSI, dynamic thresholds, current SL/TP levels, and whether a stop loss has been hit.
How It Works Internally
ADX & Dynamic Thresholds:
A moving average (adx_mean) and standard deviation (adx_std) of the ADX are calculated over a lookback period to define “strong” vs. “weak” ADX thresholds.
This allows the script to adapt to changing volatility and trend strength in different markets or timeframes.
Mean Reversion Criteria:
The indicator checks if price deviates significantly from its own moving average, alongside RSI extremes. If ADX suggests no strong directional push (i.e., the market is “quiet”), it may classify conditions as mean-reverting.
Regime Multipliers:
Once the script identifies the market regime (e.g., strong uptrend, choppy, mean reversion), it applies different multipliers to the user-defined base values for stop-loss and take-profit. For instance, strong trending conditions might allow for wider stops to handle volatility, while mean reversion signals use tighter exits to capture quick reversals.
How to Use It
Timeframe Agnostic
Simply apply it to any timeframe (from 1-minute up to daily or weekly). The “Dynamic Timeframe Factor” will scale the indicator parameters automatically.
Look for Buy/Sell Triangles
When the script detects a valid bullish trend shift or a mean-reversion long setup, it plots a green triangle under the price bar. Conversely, it plots a red triangle above the price bar for bearish or mean-reversion short setups.
Check the Status Table
The table in the top-right corner summarizes the indicator’s current readings: ADX, RSI, volume trends, and the market regime classification.
The table also shows if a stop loss has been hit (SL Hit) and displays recommended SL/TP levels if a signal is active.
Stop Loss & Take Profit
The script plots lines for SL and TP on your chart after a new signal. These lines are automatically adjusted based on ATR, volume conditions, and ADX-derived multipliers.
Mean Reversion vs. Trend-Following
If you see a “Mean Rev” state in the table or the background turning yellow/orange, it suggests potential countertrend trades. Conversely, “STRONG BULL” or “STRONG BEAR” states favor momentum-based entries in the prevailing direction.
Originality & Benefits
Adaptive to Timeframe: Many indicators require reconfiguration when switching from short to long timeframes. This script automates that process using the “timeframe factor” logic.
Regime-Based SL/TP: Instead of fixed risk parameters, the script dynamically tunes stop and target levels depending on whether the market is trending or reverting.
Comprehensive Market View: It combines multiple factors—ADX, RSI, volume, moving averages, and volatility measurements—into a single, integrated framework that categorizes the market regime in real time.
Best Practices & Notes
Timeframes: It typically performs well on intraday timeframes (5m, 15m, 1H) but can also be used for swing trading on 4H or Daily charts.
Settings: The defaults are a good starting point, but you can adjust the base ATR multiplier or ADX lookbacks if you prefer a different balance between sensitivity and stability.
Risk Management: This indicator is not a guarantee of any specific results. Always use proper risk management (position sizing, stop-losses, and diversified strategies).
Alert Conditions: Built-in alert conditions can notify you when a new long or short signal appears, or when a stop loss is triggered.
Chaikin Money Flow with EnhancementsThis enhanced version of the Chaikin Money Flow (CMF) indicator is designed to help traders better understand market sentiment by visualizing momentum shifts and trends based on volume-weighted accumulation and distribution.
CMF Calculation: The CMF line is calculated using the typical CMF formula, which compares the close price to the high/low range, weighted by volume.
Fading Color Zones: Green and red fading zones are added between the CMF line and the zero line. Green represents bullish momentum (CMF above zero), and red represents bearish momentum (CMF below zero). These zones highlight key shifts in market sentiment.
Cross Detection: The indicator detects when the CMF crosses above or below the zero line, signaling potential trend changes. The price and CMF values at the time of the cross are stored and can be used for further analysis.
Average Line: A configurable moving average of the CMF is plotted to provide a smoothed trendline, helping traders identify the overall direction of market sentiment.
This indicator is ideal for traders who want to enhance their technical analysis by incorporating volume-weighted momentum indicators and identifying trend reversals more clearly.
Mark Minervini Buy Signal# Mark Minervini Buy Signal Indicator
This indicator implements Mark Minervini's "Stage 2 Uptrend" buy criteria from his SEPA (Specific Entry Point Analysis) methodology as described in his books "Trade Like a Stock Market Wizard" and "Think & Trade Like a Champion". The script identifies potential buy setups based on Minervini's technical criteria for stocks showing strong momentum characteristics.
## How It Works
The indicator evaluates various technical conditions to identify stocks in a Stage 2 uptrend according to Minervini's methodology:
1. **Moving Average Alignment**
- 150-day MA above 200-day MA (confirming overall uptrend)
- 200-day MA trending up (compared to 20 days ago)
- 50-day MA above both 150-day and 200-day MAs (showing recent strength)
- Price above all major moving averages (50, 150, 200-day MAs)
2. **Price Relative to 52-Week Range**
- Price at least 25% above 52-week low (showing strong recovery)
- Price within 75-95% of 52-week high (room for further upside)
3. **Relative Strength**
- Stock ranks in the top 30% based on 100-day price performance
- This implements Minervini's emphasis on buying only strong performers
4. **Volume Criteria**
- Volume above its 50-day moving average (showing increasing interest)
## How to Use This Indicator
When all conditions are met, the indicator displays a green triangle below the price bar and colors the background green. These signals identify potential candidates for further analysis. According to Minervini's methodology, you should:
1. Use this as a screening tool to identify potential candidates
2. Perform additional chart analysis to identify specific entry points
3. Look for decreased volatility and proper bases or consolidation patterns
4. Consider broader market conditions and sector strength before entering
## Sources and Credit
This indicator is based on Mark Minervini's trading methodology as outlined in:
1. Minervini, Mark. "Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market" (2013)
2. Minervini, Mark. "Think & Trade Like a Champion: The Secrets, Rules & Blunt Truths of a Stock Market Wizard" (2016)
3. Minervini, Mark. "Mindset Secrets for Winning: How to Bring Personal Power to Everything You Do" (2019)
4. Interviews and workshops where Minervini has described his SEPA methodology
The specific criteria implemented are derived from Minervini's "Stage Analysis" framework, particularly focusing on Stage 2 uptrends which he considers optimal for buying opportunities.
## Disclaimer
This indicator is provided for informational purposes only. It attempts to reproduce Minervini's published criteria but should be used as part of a complete trading strategy with proper risk management. Minervini's complete methodology includes additional subjective elements that cannot be fully automated.
Flow Optimized Moving AverageOverview
The Flow Optimized Moving Average (Flow OMA) is an advanced adaptive moving average designed to dynamically adjust smoothing factors based on market efficiency and volatility. By integrating the Efficiency Ratio (ER) with an Adaptive Moving Average (AMA) and leveraging ATR-based bands, this indicator provides traders with a refined tool for identifying trend direction, strength, and potential reversal zones.
Key Features
Adaptive Moving Average (AMA)
Adjusts to price action based on the Efficiency Ratio (ER), reducing lag in trending markets while smoothing noise in ranging conditions.
Efficiency Ratio (ER)
Measures the effectiveness of price movement over a defined lookback period.
Helps in dynamically adjusting the smoothing constant of the AMA.
ATR-Based Volatility Bands
Creates upper and lower dynamic bands based on the Average True Range (ATR).
Expands in high volatility and contracts in low volatility, providing traders with a contextual understanding of price action.
Slope-Based Trend Strength
Normalizes the moving average slope relative to ATR.
Generates a trend strength score, which influences band opacity, making strong trends visually distinguishable.
Dynamic Color Coding
Bullish Trends: Cyan/Turquoise (#00e2ff)
Bearish Trends: Blue (#003ff5)
Neutral Trends: Gray
The transparency of the bands dynamically adjusts based on trend strength.
Fill Zone Effect
The area between the ATR bands is filled with a gradient-like effect, giving a clear visual representation of trend strength and transitions.
Indicator Components
Inputs (User Settings)
ER Lookback Period: Defines how many bars are used in the Efficiency Ratio calculation (default: 10).
Fast & Slow Periods: Control the sensitivity of the Adaptive Moving Average (default: 2 & 30).
ATR Period: Defines the lookback for Average True Range (default: 14).
Band Multiplier: Determines the width of ATR-based bands (default: 1.5).
Slope Average Period: Smooths trend slope for more stable trend assessment (default: 5).
Efficiency Ratio Calculation
Measures how effectively price moves in a straight line compared to its total movement.
A higher ER value suggests strong trend momentum, while a lower value implies consolidation.
Adaptive Moving Average (AMA)
Dynamically adjusts its smoothing factor based on ER.
Uses a smoothing constant that ranges between the fastest and slowest specified values.
Volatility-Based Bands
Constructed using the ATR multiplier.
Expand and contract dynamically in response to market volatility.
Trend Strength & Direction
Computed using the normalized slope of AMA against ATR.
Positive slope = Bullish trend, Negative slope = Bearish trend.
Visual Enhancements
Colored Adaptive MA Line: Changes based on trend direction.
ATR Bands with Gradient Fill: Visual representation of market conditions.
Dynamic Opacity: Highlights trend strength through transparency.
How to Use the Flow OMA Indicator
Trend Identification
When the Adaptive MA is rising and colored cyan, a bullish trend is in play.
When the Adaptive MA is falling and colored blue, a bearish trend is present.
Trend Strength Assessment
A stronger trend results in more opaque band fills, indicating a clear directional bias.
Weaker trends or consolidations result in fainter fills, signaling a loss of momentum.
Reversal Signals
If price touches the upper band in a bullish move and starts reversing, it can indicate potential profit-taking areas.
If price approaches the lower band in a bearish move and rebounds, a short-term reversal may be imminent.
Volatility Insights
Narrow bands indicate low volatility and possible breakout conditions.
Wider bands suggest increased volatility, warning traders of potential price swings.
Best Practices
✅ Combine with Other Indicators
Use RSI, MACD, or Volume Profile for confirmation before executing trades.
✅ Apply to Multiple Timeframes
Works effectively in higher timeframes (1H, 4H, Daily) for trend trading.
Can be utilized in lower timeframes (5m, 15m) for scalping setups.
✅ Adjust Parameters Based on Asset Volatility
Increase ATR Period for stocks with high volatility.
Reduce ATR Multiplier for forex pairs to avoid excessive band width.
The Flow Optimized Moving Average (Flow OMA) is a powerful trend-following tool designed for both swing and intraday traders. Its adaptive nature allows it to efficiently track trends while minimizing false signals. By incorporating dynamic volatility bands and trend-sensitive color coding, this indicator enhances traders' ability to read price action effectively. Whether used standalone or in combination with other indicators, Flow OMA provides a significant edge in trend analysis.
Rolling Multi-Day EMA + VR1 DEMABarRolling Multi-Day EMA + VR1 DEMABar Indicator
This indicator combines rolling multi-day exponential moving averages (EMAs) with VR1 DEMABar logic to provide insights into price trends, volume dynamics, and potential reversal signals.
Section 1: Rolling Multi-Day EMA Logic
Purpose: Calculates EMAs based on a rolling trading day length, adapting to different timeframes and instrument types (Futures or Stocks).
Trading Day Lengths: Adjusts dynamically based on the chart timeframe:
1-minute, 3-minute, 5-minute, and 15-minute charts have pre-defined lengths for a "trading day."
Multi-day EMAs are calculated for Half-Day, 1-Day, 2-Day, 3-Day, 4-Day, and 5-Day periods.
The EMAs are color-coded with a gradient from green to purple for clear trend visualization.
Section 2: VR1 DEMABar Logic
Purpose: Identifies high-volume price movements and engulfing patterns that may signal potential reversals.
Volume-to-Range Ratio: Analyzes the ratio of volume to price range and applies two EMAs to detect significant activity.
Threshold-Based Bar Coloring: Highlights bars above a threshold in yellow to emphasize high-volume anomalies.
Engulfing Pattern Detection: Identifies bullish and bearish engulfing patterns, adjusting the background color:
Green Background: Bullish engulfing pattern (potential upward reversal).
Red Background: Bearish engulfing pattern (potential downward reversal).
This indicator provides a blend of trend-following and volume-based anomaly detection, helping traders spot potential trend shifts and key volume-driven movements efficiently.
VWAP Horizon Suite Optimized - CoffeeKillerVWAP Horizon Suite Optimized - User Guide
Overview
The VWAP Horizon Suite Optimized is a comprehensive technical analysis tool for TradingView designed to enhance your trading strategy with Volume Weighted Average Price (VWAP) analysis, standard deviation bands, and customizable Exponential Moving Averages (EMAs). This indicator provides a robust framework for identifying potential support and resistance levels, price momentum, and market trends.
Key Features
- **Daily VWAP with Session Reset**: Automatically resets at 17:00 (5:00 PM) each day
- **Customizable Standard Deviation/Percentage Bands**: Up to 3 bands above and below VWAP
- **High/Low Point Detection**: Visual markers for significant price levels
- **Multiple Customizable EMAs**: 8 different EMAs that can be individually toggled and styled
- **Visual Customization**: Adjustable colors, fills, and styles for all elements
VWAP Settings
- **Source**: Determines the price data used to calculate VWAP (default: HLC3 - High, Low, Close average)
Bands Settings
- **Bands Calculation Mode**: Choose between "Standard Deviation" or "Percentage" methods
- **Show Band #1, #2, #3**: Toggle visibility for each band
- **Band Multiplier #1, #2, #3**: Adjust the distance from VWAP (in standard deviations or percentage)
- **Show Fills**: Enable colored fills between bands for better visualization
Visualization Settings
- **Show High/Low Markers**: Display diamond markers for local high and low points relative to VWAP, these reset based on the price crossing the VWAP Line.
EMA Settings
The indicator provides 8 customizable EMAs (8, 13, 21, 26, 48, 50, 100, and 200) with individual controls:
- **Show EMA X**: Toggle visibility for each EMA
- **EMA X Period**: Adjust the period length for calculation
- **EMA X Color**: Customize the color of each EMA
- **EMA Line Width**: Set the width for all EMA lines
How to Use
Basic VWAP Analysis
The core VWAP line (blue) represents the average price weighted by volume since the start of the session (17:00 daily reset). This serves as a dynamic support/resistance level and reference point for intraday trading.
1. **Price above VWAP**: Generally bullish short-term sentiment
2. **Price below VWAP**: Generally bearish short-term sentiment
3. **Crosses of VWAP**: Potential shift in short-term momentum
Standard Deviation Bands
The bands surrounding VWAP help identify potential support, resistance, and volatility levels:
- **Band #1 (±1σ)**: Price often reverts to VWAP when reaching these levels
- **Band #2 (±2σ)**: Stronger support/resistance areas, possible reversal zones
- **Band #3 (±3σ)**: Extreme price levels, often indicating overbought/oversold conditions
High/Low Point Detection
Purple and yellow diamond markers identify significant swing highs and lows relative to VWAP, helping you recognize potential reversal points or continuation patterns. (These repaint in a effort to find the max high/low point from the VWAP Line)
EMA Strategy
The customizable EMAs can be used to:
- Find potential support/resistance levels
- Create crossover systems
- Analyze market structure
Common EMA combinations include:
- 8 & 21 for short-term trends
- 50 & 200 for long-term trends and the "Golden Cross/Death Cross"
- 13 & 48 for the "New Golden Cross" - a modern alternative gaining popularity among traders
- 8, 13, 21 for complex short-term momentum analysis
Advanced Usage Tips
For Day Traders
1. **Opening Range Analysis**: Watch how price reacts to VWAP in the first hour of trading
2. **VWAP Reversions**: Look for trades when price touches outer bands and reverses toward VWAP
3. **Band Breakouts**: Strong moves beyond Band #2 may indicate momentum for continuation
For Swing Traders
1. **Use alongside daily/weekly support-resistance levels**
2. **Combine with EMA crossovers for trend confirmation**
3. **Identify potential reversal zones where price reaches Band #3**
Combined Strategies
- **EMA + VWAP Confluence**: Strong signals occur when EMA lines and VWAP/bands align at the same price level
- **High/Low + Band Touch**: When a high/low marker appears near a band, it may indicate a stronger support/resistance level
Conclusion
The VWAP Horizon Suite Optimized provides a comprehensive set of tools for price analysis based on volume-weighted data and exponential averages. By understanding and properly configuring the various components, you can create a powerful visual framework for identifying potential trading opportunities across multiple timeframes.
Remember that no indicator provides perfect signals, and the VWAP Horizon Suite works best when used as part of a complete trading strategy that includes risk management, multiple confirmation tools, and proper analysis of market conditions.
DISCLAIMER
**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.**
MM Labelled AVWAPTradingView provides a tool to show anchored VWAP plots on your screen, but there is no way to label the plots to add additional context to the level. Instead, users are forced to use the plot style (color, line style, line thickness, etc) to indicate what the plots are for and then they have to remember that meaning when looking at different charts. It also means that for key market-wide moments, users will need to add the plot for every symbol.
Now, for the first time on TradingView, you can create anchored VWAP plots with labels on them so you can understand the meaning behind the key moments you care about and don't need to remember what they mean by using styles like color or thickness. You can use this indicator to track key moments like the 2022 market bottom, or the Aug 9, 2024 "Carry Trade Unwind" bottom. The labelled AVWAP plots are visible on every chart by default. If you have an AVWAP moment that is only relevant to a small number of symbols, you can configure the indicator to only appear on those symbols.
Advanced Support and Resistance Levels[MAP]Advanced Support and Resistance Levels Indicator
Author
Developed by:
Overview
The "Advanced Support and Resistance Levels" indicator, created, is a sophisticated tool designed for TradingView's Pine Script v6 platform. It identifies and plots key support and resistance levels on a price chart, enhancing technical analysis by incorporating pivot strength, volume weighting, and level decay. The indicator overlays lines, zones, and labels on the chart, providing a visual representation of significant price levels where the market has historically reversed or consolidated.
Purpose
This indicator, authored by , aims to:
Detect significant pivot points (highs and lows) with customizable strength requirements.
Track and rank support/resistance levels based on their recency, volume, and number of touches.
Display these levels as lines and optional zones, with strength-based visual cues (e.g., line thickness and opacity).
Offer flexibility through user-configurable settings to adapt to different trading styles and market conditions.
Features
Pivot Detection:
Identifies high and low pivots using a strength parameter, requiring a specified number of bars on either side where no higher highs or lower lows occur.
Incorporates closing price checks and SMA-based trend confirmation to filter out noise and ensure pivots align with the broader market direction.
Level Management:
Maintains a dynamic array of levels with attributes: price, type (support/resistance), bars since last touch, strength, and volume.
Merges nearby levels within a tolerance percentage, updating prices with a strength-weighted average.
Prunes weaker or older levels when exceeding the maximum allowed, prioritizing those with higher calculated strength.
Strength Calculation:
Combines the number of touches (strength), volume (if enabled), and age decay (if enabled) into a single metric.
Volume weighting uses a logarithmic scale to emphasize high-volume pivots without over-amplifying extreme values.
Age decay reduces the importance of older levels over time, ensuring relevance to current price action.
Visualization:
Draws horizontal lines at each level, with thickness reflecting the number of touches (up to a user-defined maximum).
Optional price zones around levels, sized as a percentage of the price, to indicate areas of influence.
Labels display the level type (S for support, R for resistance), price, and strength score, with position (left or right) customizable.
Line opacity varies with strength, providing a visual hierarchy of level significance.
Plots small triangles at detected pivot points for reference.
Inputs
Lookback Period (lookback, default: 20): Number of bars to consider for trend confirmation via SMA. Range: 5–100.
Pivot Strength (strength, default: 2): Number of bars required on each side of a pivot to confirm it. Range: 1–10.
Price Tolerance % (tolerance, default: 0.5): Percentage range for merging similar levels. Range: 0.1–5.
Max Levels to Show (maxLevels, default: 10): Maximum number of levels displayed. Range: 2–50.
Zone Size % (zoneSizePercent, default: 0.1): Size of the S/R zone as a percentage of the price. Range: 0–1.
Line Width (lineWidth, default: 1): Maximum thickness of level lines. Range: 1–5.
Show Labels (showLabels, default: true): Toggle visibility of level labels.
Label Position (labelPos, default: "Right"): Position of labels ("Left" or "Right").
Level Strength Decay (levelDecay, default: true): Enable gradual reduction in strength for older levels.
Volume Weighting (volumeWeight, default: true): Incorporate volume into level strength calculations.
Support Color (supportColor, default: green): Color for support levels.
Resistance Color (resistColor, default: red): Color for resistance levels.
How It Works
Pivot Detection:
Checks for pivots only after enough bars (2 * strength) have passed.
A high pivot requires strength bars before and after with no higher highs or closes, and a short-term SMA above a long-term SMA.
A low pivot requires strength bars before and after with no lower lows or closes, and a short-term SMA below a long-term SMA.
Level Tracking:
New pivots create levels with initial strength and volume.
Existing levels within tolerance are updated: strength increases, volume takes the maximum value, and price adjusts via a weighted average.
Levels older than lookback * 4 bars with strength below 0.5 are removed.
If the number of levels exceeds maxLevels, the weakest (by calculated strength) are pruned using a selection sort algorithm.
Drawing:
Updates on the last confirmed bar or in real-time.
Lines extend lookback bars left and right from the current bar, with thickness based on touches.
Zones (if enabled) are drawn symmetrically around the level price.
Labels show detailed info, with opacity tied to strength.
Usage
Add to Chart: Apply the indicator to any TradingView chart via the Pine Script editor, as designed by .
Adjust Settings: Customize inputs to match your trading strategy (e.g., increase strength for stronger pivots, adjust tolerance for tighter level merging).
Interpret Levels: Focus on thicker, less transparent lines for stronger levels; use zones to identify potential reversal areas.
Combine with Other Tools: Pair with trend indicators or oscillators for confluence in trading decisions.
Notes
Performance: The indicator uses arrays and sorting, which may slow down on very long charts with many levels. Keep maxLevels reasonable for efficiency.
Accuracy: Enhanced by trend confirmation and volume weighting, making it more reliable than basic S/R indicators, thanks to 's design.
Limitations: Real-time updates may shift levels as new pivots form; historical levels are more stable.
Example Settings
For day trading: lookback=10, strength=1, tolerance=0.3, maxLevels=5.
For swing trading: lookback=50, strength=3, tolerance=0.7, maxLevels=10.
Credits
Author: – Creator of this advanced support and resistance tool, blending precision and customization for traders.
Multi Asset Similarity MatrixProvides a unique and visually stunning way to analyze the similarity between various stock market indices. This script uses a range of mathematical measures to calculate the correlation between different assets, such as indices, forex, crypto, etc..
Key Features:
Similarity Measures: The script offers a range of similarity measures to choose from, including SSD (Sum of Squared Differences), Euclidean Distance, Manhattan Distance, Minkowski Distance, Chebyshev Distance, Correlation Coefficient, Cosine Similarity, Camberra Index, Mean Absolute Error (MAE), Mean Squared Error (MSE), Lorentzian Function, Intersection, and Penrose Shape.
Asset Selection: Users can select the assets they want to analyze by entering a comma-separated list of tickers in the "Asset List" input field.
Color Gradient: The script uses a color gradient to represent the similarity values between each pair of indices, with red indicating low similarity and blue indicating high similarity.
How it Works:
The script calculates the source method (Returns or Volume Modified Returns) for each index using the sec function.
It then creates a matrix to hold the current values of each index over a specified window size (default is 10).
For each pair of indices, it applies the selected similarity measure using the select function and stores the result in a separate matrix.
The script calculates the maximum and minimum values of the similarity matrix to normalize the color gradient.
Finally, it creates a table with the index names as rows and columns, displaying the similarity values for each pair of indices using the calculated colors.
Visual Insights:
The indicator provides an intuitive way to visualize the relationships between different assets. By analyzing the color-coded tables, traders can gain insights into:
Which assets are highly correlated (blue) or uncorrelated (red)
The strength and direction of these correlations
Potential trading opportunities based on similarities and differences between assets
Overall, MASM is a powerful tool for market analysis and visualization, offering a unique perspective on the relationships between various assets.
~llama3
Weighted Relative Strength Index [SeerQuant]Weighted Relative Strength Index (WRSI)
The Weighted Relative Strength Index (WRSI) is an advanced momentum oscillator that enhances the traditional RSI by incorporating customizable weighting methods and moving average smoothing. With dynamic threshold logic, color-coded visuals, and optional candle coloring, the WRSI provides traders with a versatile tool for identifying trends, overbought/oversold conditions, and momentum shifts.
⚙️ How It Works
1. Weighted Momentum Calculation
The indicator calculates price changes (delta) and applies a user-defined weighting method (e.g., Volume, Momentum, Volatility, or Reversion Factor) to emphasize specific market dynamics.
2. Custom Moving Average Integration
Weighted upward and downward price movements are smoothed using a selectable moving average type (e.g., SMA, EMA, TEMA, etc.), producing a weighted RSI that blends momentum and trend data.
3. Smoothed RSI Output
An additional moving average is applied to the weighted RSI for a smoothed version, offering a clearer view of momentum trends.
4. Threshold Logic
Bullish (Uptrend): WRSI exceeds the upper neutral zone boundary (50 + Neutral Zone).
Bearish (Downtrend): WRSI falls below the lower neutral zone boundary (50 - Neutral Zone).
Neutral: WRSI remains within the neutral zone.
Extreme overbought (90+) and oversold (20-) levels are marked with X’s for quick identification.
5. Dynamic Visual Representation
A color-coded line reflects the WRSI, adjusting hues based on trend direction.
Gradient fills highlight overbought/oversold zones and neutral areas.
Optional candle coloring ties price action to WRSI or smoothed RSI values.
A histogram-style fill between the WRSI and midline enhances trend strength visibility.
✨ Customizable Settings
Calculation Settings:
Calculation Source: Select the price source (default: close).
Calculation Length: Set the lookback period for RSI calculation (default: 14).
Moving Average Type: Choose from SMA, EMA, RMA, WMA, VWMA, LSMA, HMA, ALMA, DEMA, or TEMA (default: RMA).
Moving Average Length: Adjust the smoothing period for the weighted RSI (default: 8).
Neutral Zone Range: Define the width of the neutral zone around the midline (default: 5).
RSI Weighting Method:
Volume: Weights by trading volume.
Momentum: Weights by absolute price momentum.
Volatility: Weights by standard deviation.
Reversion Factor: Weights inversely to variance for mean-reversion emphasis (default: Momentum).
Style Settings:
Colour Choice: Pick from predefined schemes: Default, Modern, Cool, or Monochrome (default: Default).
Use Custom Colors?: Toggle to use custom bull, bear, and neutral colors (default: false).
Bull/Bear/Neutral Colors: Set custom colors when enabled (default: green/red/gray).
Candle Color Mode: Color candles based on WRSI or smoothed RSI (default: RSI).
Color Candles?: Enable/disable candle coloring (default: false).
🚀 Features and Benefits
Weighted Momentum Analysis: Enhances RSI with dynamic weighting for deeper market insights.
Flexible Smoothing: Multiple MA types and adjustable lengths adapt to various trading styles.
Visual Intuition: Color-coded outputs, gradient fills, and optional candle coloring simplify trend analysis.
Customizable Thresholds: Neutral zone and extreme levels cater to individual strategies.
Overbought/Oversold Signals: Clear markers for extreme conditions improve decision-making.
📜 Disclaimer
This indicator is for educational purposes only and does not constitute financial advice. Past performance does not guarantee future results. Always consult a licensed financial advisor before making trading decisions. Use at your own risk.
Pso Volume Profile # Volume Profile with Dynamic Support and Resistance
## Overview
This Pine Script indicator for TradingView creates a comprehensive volume profile display with automatic support and resistance levels based on significant volume nodes. The indicator analyzes price action and volume data to identify key levels where trading activity has been concentrated, helping traders identify potential reversal or continuation zones.
## Key Features
### Volume Profile Analysis
- Displays a horizontal volume profile on the right side of the chart
- Divides volume into bid (buying) and ask (selling) components
- Color-codes bid and ask volumes differently for easy identification
- Customizable profile width, opacity, and placement
### Dynamic Support and Resistance Detection
- Automatically identifies significant price levels based on volume concentration
- Uses an adjustable percentile threshold to filter for the most important levels
- Color-codes support/resistance lines based on bid/ask dominance:
- Red lines: Bid-dominant levels (more buying pressure)
- Green lines: Ask-dominant levels (more selling pressure)
- Extends lines across the chart for clear visualization
### Customization Options
- Adjustable lookback period for volume analysis
- Configurable number of price divisions (bars)
- User-selectable volume percentile threshold (50-100%)
- Customizable colors for all elements
- Adjustable line length and position
## How It Works
1. The indicator divides the price range into a specified number of horizontal zones
2. It analyzes historical price and volume data within the lookback period
3. For each price zone, it calculates the total volume and separates bid/ask components
4. It identifies zones with volume exceeding the user-defined percentile threshold
5. It draws color-coded horizontal lines at these significant levels, extending across the chart
6. Lines are colored based on whether buying or selling was dominant at each level
## Usage Guidelines
- Higher percentile values (80-95%) will show fewer, but more significant levels
- Lower values (50-70%) will show more potential support/resistance zones
- Red lines often represent potential support levels (buyer-dominated)
- Green lines often represent potential resistance levels (seller-dominated)
- Areas where multiple lines cluster indicate highly significant zones
## Applications
- Identifying key price levels for entry and exit points
- Recognizing potential reversal zones
- Setting strategic stop-loss and take-profit levels
- Confirming support/resistance levels from other technical analysis methods
- Understanding the volume distribution and market structure
This indicator combines volume profile analysis with automatic support/resistance detection, providing traders with a powerful tool to identify significant price levels based on actual trading activity rather than just price patterns.
Cumulative Volume Delta with SignalThis premium-grade technical indicator provides deep insights into market sentiment by tracking the difference between buying and selling pressure through volume analysis. SCVD offers a sophisticated approach to volume profile analysis, helping traders identify potential trend reversals and momentum shifts before price action confirms them.
Key Features:
Real-Time Volume Delta Analysis: Visualizes buying vs. selling pressure through color-coded candles
Smart Signal Line Integration: EMA-based signal line helps identify trend changes and trading opportunities
Multi-Timeframe Capabilities: Automatically selects optimal lower timeframes for precision or can be customized
Daily Reset Option: Anchor period functionality for intraday delta analysis
Professional Visualization: Clean, color-coded display with zero reference line
Trading Applications:
Identify divergences between price action and volume delta for potential reversals
Spot accumulation/distribution patterns through delta behavior
Use signal line crossovers for entry/exit timing
Confirm trend strength by analyzing delta momentum
Detect potential false breakouts through volume confirmation
Perfect for day traders, swing traders, and institutional investors who rely on volume analysis for decision-making. This indicator combines sophisticated volume delta metrics with an intuitive interface to provide actionable trading insights across all markets and timeframes.
Volume Pressure Histogram (Normalized)Overview
The Volume Pressure Histogram is designed to help traders analyze buying and selling pressure using real volume data.
Unlike traditional momentum indicators that rely solely on price movements, VPH measures the strength of bullish and bearish volume, providing insights into market participation.
How It Works
The histogram represents the difference between buying and selling volume over a selected period.
Green bars indicate strong buying pressure, while red bars signal strong selling pressure.
Lime and orange bars (if enabled) represent moderate buying and selling activity.
A white signal line smooths volume data to track momentum shifts over time.
How to Use It
Trend Confirmation: When price is rising and green bars increase, the trend is supported by real buying pressure.
Reversal Detection: If price makes a new high but green bars shrink, buyers may be losing strength.
Breakout Strength: A breakout with rising volume pressure confirms strong participation, while weak volume pressure suggests a potential fake move.
Divergence Signals: If price moves higher, but volume pressure declines, the move may lack conviction and could reverse.
Customization Options
Threshold Multiplier (default = 20) controls when green and red bars appear, filtering out weaker signals.
Log Scale Option helps normalize extreme volume spikes.
Adjustable Smoothing Length for both the histogram and signal line.
Why Use This Indicator
Provides a volume-based approach to analyzing market trends.
Can confirm or contradict price movements, helping identify strong or weak trends.
Works across multiple markets, including stocks, forex, crypto, and indices.
This indicator is designed for educational and informational purposes only and does not provide financial advice.
Volume Stack US Top 40 [Pt]█ Overview
Volume Stack US Top 40 is a versatile TradingView indicator designed to give you an at-a-glance view of market sentiment and volume dynamics across the top 40 U.S. large-cap stocks. Inspired by the popular Saty Volume Stack, this enhanced version aggregates essential volume and price strength data from major tickers on both the NYSE and NASDAQ, and works seamlessly on all timeframes.
█ Key Features
Dynamic Buy / Sell Volume Stack: This indicator dynamically stacks the volume bars so that the side with higher volume appears on top. For example, green over red signals more buy-side volume, while red over green indicates greater sell-side volume.
Cross-Market Analysis: Easily toggle between NYSE and NASDAQ to analyze the most influential U.S. stocks. The indicator automatically loads the correct set of tickers based on your selection.
Flexible Coverage: Choose from Top 10, Top 20, Top 30, or Top 40 tickers to tailor the tool to your desired scope of analysis.
Dynamic Table Display: A neat on-chart table lists the selected ticker symbols along with visual cues that reflect each stock’s strength. You can even remove exchange prefixes for a cleaner look.
█ Inputs & Settings
Market Selector: Choose whether to view data from the NYSE or NASDAQ; the indicator automatically loads the corresponding list of top tickers.
Number of Tickers: Select from ‘Top 10’, ‘Top 20’, ‘Top 30’, or ‘Top 40’ stocks to define the breadth of your analysis.
Color Options: Customize the colors for bullish and bearish histogram bars to suit your personal style.
Table Preferences: Adjust the on-chart table’s display style (grid or one row), text size, and decide whether to show exchange information alongside ticker symbols.
█ Usage & Benefits
Volume Stack US Top 40 is ideal for traders and investors who need a clear yet powerful tool to gauge overall market strength. By combining volume and price action data across multiple major stocks, it helps you:
Quickly assess whether the market sentiment is bullish or bearish.
Confirm trends by comparing volume patterns against intraday price movements.
Enhance your trading decisions with a visual representation of market breadth and dynamic buy/sell volume stacking.
Its intuitive design means you spend less time adjusting complex settings and more time making confident, informed decisions.
Enhanced Order Flow Pressure GaugeShort Description:
Estimates bullish/bearish pressure by analyzing each candle’s close position within its range, then weighting that by volume. Detects potential trend shifts and provides real-time signals.
Full Description:
1. Purpose
The Enhanced Order Flow Pressure Gauge (OFPG+) is designed to approximate buy vs. sell pressure within each bar, even if you don’t have full Level II / order flow data. By measuring the candle’s close relative to its high-low range and multiplying by volume, OFPG+ provides insights into which side of the market (bulls or bears) is more aggressive in a given interval.
2. Key Components
Pressure Score (Histogram):
Raw measure of each bar’s close position (rangePos) minus midpoint, multiplied by volume. If the bar closes near its high with decent volume, the score is positive (bullish). Conversely, a close near its low yields a negative (bearish) reading.
Cumulative Pressure:
Sum of all pressure readings over time (similar to cumulative delta), reflecting the overall market bias.
Pressure Delta:
The change in cumulative pressure from one bar to the next, plotted as a line. Rising values suggest increasing bullish momentum, while falling values show growing bearish influence.
3. Visual Cues & Signals
Histogram (Pressure Profile): A color-coded bar for each candle, indicating net bullish (blue) or bearish (gray) intrabar pressure.
Pressure Delta Line: Plotted over the histogram. Turns bullish (blue) when net buy pressure is increasing, or bearish (gray) when net selling accelerates.
Background Highlights:
Turns lightly blue if the smoothed pressure line exceeds the positive threshold, or lightly gray if it goes below the negative threshold.
Bullish / Bearish Signals:
Bullish Signal occurs when the smoothed pressure line crosses above the positive threshold, combined with a positive Delta.
Bearish Signal occurs when the smoothed pressure line crosses below the negative threshold, combined with a negative Delta.
Confirmed Signals:
After a bullish/bearish signal, OFPG+ checks the highest or lowest smoothed pressure values over a user-defined number of bars (signalLookback) to confirm momentum.
Plotshapes (diamond icons) appear on the chart to mark these confirmed reversals.
4. Usage Scenarios
Trend-Following / Momentum: Watch for transitions from negative to positive net pressure or vice versa. Helps identify potential turning points.
Reversal Confirmation: The threshold-based signals plus the “confirmed” checks can help filter choppy conditions.
Volume-Weighted Insights: By factoring in volume, strong closes near the highs or lows are weighted more heavily, capturing sentiment shifts.
5. Inputs & Parameters
Smoothing Length (length): The EMA period for smoothing the raw pressure score.
Volume Weight (volWeight): Scales the volume impact on pressure calculations.
Pressure Threshold (threshold): Defines when pressure is considered significantly bullish or bearish.
Signal Lookback (signalLookback): Number of bars to confirm momentum after a signal.
6. Alerts
Bullish Signal & Confirmed Bullish
Bearish Signal & Confirmed Bearish
These alerts can notify you in real-time about potential shifts in the market’s buying or selling pressure.
7. Disclaimer
This script provides an approximation of order flow by analyzing candle structure and volume. It does not represent actual exchange-level order data.
Past performance is not necessarily indicative of future results. Always conduct thorough analysis and use proper risk management.
Not financial advice. Use at your own discretion.
Ragi's 24h volumeThis script is a TradingView Pine Script indicator that displays the 24-hour trading volume for a given asset. It provides both the native volume of the asset and, if the asset is not already listed on Binance, also displays the 24-hour volume from Binance (if applicable). Here's a breakdown of the key components:
Volume Calculation:
It sums the volume data over different time frames: 1-minute, 5-minute (for daily charts), or 60-minute intervals.
The volume is calculated based on the asset's volume type (either "quote" volume or a calculated value of close * volume).
For crypto assets, if the volume data is unavailable, it raises an error.
Binance Volume:
If the asset is not from Binance, the script fetches 24-hour volume data from Binance for that symbol, ensuring it is using the correct currency rate.
Display:
The indicator displays a table with the 24-hour volume in the chosen position on the chart (top, middle, or bottom).
The table displays the current exchange's volume, and if applicable, the Binance volume.
The volume is color-coded based on predefined thresholds:
Attention: Displays a warning color for volumes exceeding the attention level.
Warning: Shows an alert color for volumes above the warning threshold.
Normal: Displays in standard color when the volume is lower than the warning level.
The text and background color are customizable, and users can adjust the text size and position of the table.
User Inputs:
The script allows customization of table text size, position, background color, and volume thresholds for attention and warning.
In summary, this indicator is designed to track and display 24-hour volume on a chart, with additional volume information from Binance if necessary, and provides visual cues based on volume levels to help traders quickly assess trading activity.
Stacked Bullish vs Bearish VolumeThis indicator visually represents buying (bullish) and selling (bearish) pressure within each candle by stacking both portions inside a single volume bar. Unlike traditional volume indicators that use only one color per bar, this script splits each volume bar into two segments:
Green portion (Bullish Volume) → Represents the buying pressure when the price moves up.
Red portion (Bearish Volume) → Represents the selling pressure when the price moves down.
By stacking buy and sell volume inside the same column, traders can easily assess the balance of buying vs selling activity within each trading session.
Stacking the Bars:
The bullish portion (green) is plotted first.
The bearish portion (red) is plotted slightly offset to create a stacked effect.
Breakout and Retest Signals [AlgoAlpha]OVERVIEW
This script detects breakout and retest signals by identifying key pivot points in price action and analyzing their relationship with historical swing highs and lows. It highlights breakout structures using ATR-based tolerance levels and volume analysis to confirm potential trend continuations or reversals. The script marks significant price levels with dynamic boxes and dashed lines to help traders visualize breakout and retest areas effectively.
CONCEPTS
The script relies on pivot point analysis, a technique used to identify significant price levels where the market has previously reversed. It dynamically tracks a set number of recent swing highs and lows, allowing traders to see if the price is revisiting a previously significant level. The concept of breakouts and retests is widely used in technical analysis to determine potential entry points. A breakout occurs when the price moves beyond a resistance or support level, and a retest happens when the price returns to test that level before continuing in the breakout direction. This script enhances that analysis by incorporating ATR-based tolerance levels, ensuring that price zones are not too large.
FEATURES
Breakout and Retest Markings : Highlights breakout and retest areas with shaded boxes, allowing traders to visualize where price action is confirming key levels.
Volume Delta and Ratio : Analyzes volume at breakout levels to gauge the strength of the move, displaying volume delta information for additional context. The script also displays the ratio of selling to buying at the retest along traders to make better judgement on their entries.
Multi-Timeframe Adaptability : Dynamically adjusts volume analysis to align with the appropriate lower timeframe, ensuring reliable volume comparisons.
Alerts for Breakout and Retest Events : Traders can receive real-time notifications when bullish or bearish breakout retests are detected.
USAGE
This script is best suited for traders looking to identify strong breakout and retest setups across different timeframes. Users can customize the pivot detection period and swing point memory to adjust sensitivity based on their trading style. The ATR length and multiplier allow further refinement of breakout tolerance, reducing noise in volatile markets. The breakout zones are displayed as shaded boxes, where traders can assess whether a price retest is occurring under favorable conditions. Alerts can be set to notify traders of potential trade opportunities.
Shavarie's MCV IndicatorShavarie's MCV Indicator (MACD + CCI + Volume Delta) is a custom-built trend-following and volume-based indicator that helps traders confirm market direction with high accuracy. It combines the MACD (Moving Average Convergence Divergence), CCI (Commodity Channel Index), and Volume Delta, ensuring that all three indicators align before making a trading decision. The goal is to filter out false signals and provide high-probability trade setups.
History & Development
Shavarie's MCV Indicator was developed by Shavarie Gordon, an experienced swing trader, to improve trend confirmation on Gold (XAUUSD) and other markets. After testing various indicators, Shavarie discovered that MACD, CCI, and Volume Delta together provide the best combination of trend strength, momentum, and real-time volume flow. This indicator was designed to eliminate lagging signals, improve win rates, and enhance market timing for both swing and scalping strategies.
How It Works & Calculations
MACD (Moving Average Convergence Divergence)
Measures momentum and trend strength using the difference between a 12-period EMA and a 26-period EMA.
The MACD line and Signal line crossover confirms buy/sell signals.
A rising MACD histogram confirms bullish strength, while a falling histogram confirms bearish strength.
CCI (Commodity Channel Index)
Measures how far the price is from its statistical average.
Above +100 → Overbought (strong trend continuation or reversal).
Below -100 → Oversold (strong trend continuation or reversal).
When CCI aligns with MACD, it confirms momentum strength.
Volume Delta
Measures the difference between buying and selling volume in real time.
A positive delta means more aggressive buying (bullish).
A negative delta means more aggressive selling (bearish).
Helps confirm MACD and CCI trends by showing real volume strength.
Key Takeaways & Features
✅ No false signals: All three indicators must align before entering a trade.
✅ Trend confirmation: Ensures momentum and volume agree before trading.
✅ Works on multiple timeframes: Designed for swing trading on the daily and scalping on 45 min + 5 min.
✅ Great for Gold & Metals: Optimized for XAUUSD, XAUJPY, XAU/AUD, and possibly Palladium (XPDUSD).
✅ Custom-built by a professional trader: Developed by Shavarie Gordon after extensive testing.
Summary
Shavarie’s MCV Indicator is a powerful and reliable trading tool that combines momentum, trend, and volume analysis. By ensuring that MACD, CCI, and Volume Delta align, it eliminates false signals and increases trade accuracy. Whether used for swing trading or scalping, this indicator helps traders enter high-probability trades with confidence.
Nirmal Fair Value GapsICT Fair Value Gaps
Trade Wisely
How a Fair Value Gap Works
Formation:
A Fair Value Gap occurs when a strong price movement (usually from institutional orders) creates an imbalance between buyers and sellers.
This is typically seen in a three-candle pattern, where the middle candle has a large body, and the two surrounding candles have wicks but little overlap with the middle candle’s range.
Identification:
The FVG is marked between the high of the first candle and the low of the third candle (for bullish gaps).
For bearish gaps, it’s the low of the first candle and the high of the third candle.
Market Behavior Around FVG:
Price often retraces into the gap before resuming its original direction.
This happens because the market seeks to "fill" the imbalance where few trades occurred.
Traders use FVGs as potential entry zones for trend continuation trades.
Trading Fair Value Gaps
In an Uptrend:
Look for bullish fair value gaps as potential support zones for buy entries.
Price may dip into the gap and then continue upward.
In a Downtrend:
Look for bearish fair value gaps as potential resistance zones for sell entries.
Price may retrace into the gap and then drop further.
Confluence Factors:
FVGs work best when combined with other strategies like order blocks, liquidity zones, or key Fibonacci levels.
