Auto Anchored Swing VWAP'sThe Auto Anchored Swing VWAP's indicator automatically anchors Volume-Weighted Average Price (VWAP) lines to recent swing highs and swing lows. VWAPs often act as key support or resistance levels because they represent the average price at which the majority of trading volume has occurred over a given time.
What is VWAP? VWAP is an essential tool in trading, representing the average price of a security over a specific period, weighted by volume. It helps traders identify the average price at which most trades have been executed, providing a balanced view of price action over time.
Anchored VWAPs: Unlike traditional VWAPs, which start from the beginning of the day, anchored VWAPs allow traders to "anchor" the calculation to a specific point in time or a pivot on the chart, in this case a swing high and swing low. This version of VWAP follows the price action from a selected point forward.
When the price is above the VWAP, it indicates that the majority of traders have paid less for the asset, creating a potential support zone as buyers may step in at or near this level. On the other hand, when the price is below the VWAP, it suggests that most traders have paid a higher price, which can lead to a resistance level where sellers may appear to defend their positions.
Anchored VWAPs, in particular, provide more precise support and resistance levels by starting from a specific swing high, swing low, or other significant point on the chart. This allows traders to track how price interacts with these levels after a certain bar.
The selectable pivot lookback length in this indicator defines the number of bars to the left and right of a potential swing high or swing low that must be lower (for a swing high) or higher (for a swing low) in order to confirm the pivot. In other words, it controls how many surrounding bars need to validate a local price extreme before it is considered a true swing point.
For example, if the lookback length is set to 9, a swing high is identified when there are 9 bars to the left and 9 bars to the right that all have lower highs than the current bar. The same logic applies for swing lows, where the price must be lower than the highs of the bars to the left and right for it to be considered a swing low.
This parameter allows traders to control the sensitivity of the swing points used to anchor VWAPs. A smaller lookback value will identify more frequent and short-term swing highs and lows, making the VWAPs more responsive to recent price action. Conversely, a larger lookback value will result in fewer but more significant swing points.
Pine Script
Utilization of Pine Script’s Enum Feature: This indicator leverages Pine Script's new enum feature for the selection of the VWAP lines (solid, dashed, or dotted) style.
Volume
Nifty IT VolumeHello everyone,
Here I present Nifty IT index volumes calculated based on weighted volumes of all constituents.
A simple formula for calculation:
constituent1.volume*weightage + constituent2.volume*weightage + ....
You can change color and code if there is a change in constituents of the index from NSE. I will share other index volumes soon.
Enjoy!
TechniTrend: Strong Candles DetectorTechniTrend: Strong Candles Detector
Description:
The TechniTrend: Strong Candles Detector indicator is designed to identify strong candlestick patterns based on customizable thresholds of candle strength, volume, and price volatility. By detecting significant candles that have a high proportion of body relative to total range, the indicator helps traders identify potential shifts in market direction, making it a useful tool for trend analysis and reversal spotting.
Key Features:
Candle Strength Detection: The indicator calculates the strength of a candle based on the ratio of its body (difference between open and close) to its total range (high minus low). If the body size exceeds a user-defined threshold, the candle is flagged as strong. This helps traders quickly identify key candles that may signal market movements.
Volume Confirmation (Optional): An optional volume confirmation allows the indicator to only flag candles as "strong" if the trading volume during the candle exceeds the average volume over a customizable period. This can help validate that a candle’s movement is backed by significant market participation.
Volatility Body Confirmation (Optional): Users can further refine the detection by requiring that the body of a strong candle exceed the average body size (volatility) of previous candles. This ensures that candles with greater price movement are prioritized.
Customizable Inputs:
Strength Threshold: Defines the minimum ratio of body to total range for a candle to be considered strong.
Moving Average Type: Choose from SMA, EMA, or WMA for calculating the moving average of volume or body volatility.
Volume and Body Confirmation: Adjust the percentage thresholds for the difference between the current volume/body size and their average values.
Visual Alerts: The indicator marks strong bullish candles with green upward labels below the candle, and strong bearish candles with red downward labels above the candle. Additionally, strong candles can be highlighted with a customizable background color for easier visualization.
How It Works:
Strength Ratio:
The core of this indicator is the calculation of the strength ratio, which is defined as the body size (open-close) divided by the total range (high-low). If the body size is larger relative to the total range and exceeds the user-defined threshold, the candle is flagged as strong.
Volume and Volatility Confirmation:
For traders seeking additional confirmation, the indicator can be configured to only mark candles if the current volume or body volatility exceeds the average by a user-defined percentage. These confirmations can be toggled on or off to suit different trading strategies.
Customization Options:
Strength Threshold (0-1):
Sets the minimum strength required for a candle to be flagged. A higher value will result in fewer but more significant candles being marked.
Volume Confirmation:
Toggle on to require a higher volume compared to the average volume for a candle to be confirmed as strong.
Volatility Body Confirmation:
Toggle on to require a larger candle body compared to the average body size for further confirmation.
Candle Color:
Choose the background color used to highlight strong candles.
Recommended Settings:
Strength Threshold: 0.7 (for a good balance between body and range)
Volume Difference: 0.05 (5% above the average volume)
Body Volatility Difference: 0.05 (5% above the average body size)
Length: 14 (for volume and volatility moving averages)
Conclusion: The TechniTrend: Strong Candles Detector is an easy-to-use yet powerful tool for traders who want to identify key candles that signal potential market trends. Its customizable settings allow for fine-tuning to fit different trading styles, whether looking for high-volume breakouts or significant price movements. The indicator offers both a visual and configurable alert system to help traders make more informed decisions.
TechniTrend: Relative Volume IndexRelative Volume Index (RVI)
Short Description:
Relative Volume Index (RVI) with customizable volume bands, moving averages, and alerts for high and low volume thresholds. Includes options for displaying daily and weekly relative volume for enhanced analysis.
Full Description:
The Relative Volume Index is a powerful and versatile tool designed to help traders easily identify volume trends and anomalies in the market. By comparing the current volume to its moving average, this indicator highlights significant increases or decreases in relative volume, allowing traders to catch potential breakouts, breakdowns, or volume spikes early on.
Key Features:
Relative Volume Comparison : Compares the current volume to the moving average volume over a customizable period, highlighting overbought and oversold conditions.
Volume Alerts : Customizable alert thresholds for high and low relative volume to quickly notify traders when volume exceeds predefined limits.
Custom Moving Averages : Choose from various moving average types (SMA, EMA, WMA) to calculate the average volume over a given length.
Volume Normalization : For better readability, volumes greater than 1000 are divided by 1000 and displayed with a 'K' suffix (thousands).
Volume Bands : Configurable high, average, and low volume bands for visual reference.
Daily Relative Volume : Option to display the daily relative volume in comparison to its daily average.
Weekly Average Volume : Option to display the weekly average volume for broader market trends.
Customization Options:
Length : Customize the period for calculating the moving average.
Volume Moving Average : Toggle to show/hide the volume moving average (normalized in 'K').
Alerts : Set thresholds for high and low volume alerts and configure alerts for immediate notification.
Volume Bands : Toggle to show/hide volume bands for easy visual identification of volume zones.
Daily/Weekly Relative Volume : Optional display of relative volume data on a daily and weekly basis.
This indicator provides traders with a more intuitive view of market volume dynamics, making it easier to spot significant volume changes and take action accordingly.
Recommended Settings:
High Volume Alert Threshold: 2.0
Low Volume Alert Threshold: 0.5
Length for Moving Average Calculation: 14
Show Weekly Average Volume: On for broader trend insights
Use this indicator to stay ahead of market moves by monitoring volume trends with precision.
Alerts:
High Volume Alert : Get notified when relative volume exceeds your high threshold.
Low Volume Alert : Get notified when relative volume drops below your low threshold.
Thrax - Intraday Market Pressure ZonesTHRAX - INTRADAY MARKET PRESSURE ZONES
This indicator identifies potential support and resistance zones based on areas of significant market pressure. It dynamically plots these zones and adjusts their visibility based on real-time price action and user-defined thresholds. The indicator is useful for traders seeking to understand intraday market pressure, visualize zones of potential price reversals, and analyze volume imbalances at critical levels.
1. Support/Resistance Zones: Wherever the price retraces significantly from its high a support zone is drawn and when it retraces significantly from it low a resistance zone is drawn. The significant retracing is measured by the wick threshold percentage. For instance, if set to 75%, it implies price retracement of 75% either from high or from low for a particular candel
Volume delat: Displays volume delta information where the zones are formed. This can be used by trader to consider only those zones where delta is significant.
2. Breakout Detection: Monitors for price breakouts beyond established zones, deleting zones that are invalidated by price movement. when the price breaks a given zone with the threshold, it is considered to be mitigated and chances of trend continuation is decent.
Candle Coloring: Uses color codes (green, red, and yellow) to represent bullish, bearish, and indecisive (doji) candles, aiding quick visual assessment.
INPUTS
1. Wick Threshold (%) : Sets the minimum wick percentage required for a candle to be considered a support or resistance candidate.
2. Breakout Threshold (%) : Determines the percentage above or below a support or resistance zone that defines a breakout condition. if breaks a zone with the set threshold then the zone will be considered mititgated.
3. Max Number of Support/Resistance Zones : Limits the maximum number of support/resistance zones displayed on the chart, ranging from 1 to 5.
4. Show Wick Percentage Labels : Toggles the display of percentage values for upper and lower wicks on each candle.
TRADE SETUP
Identifying Entry Points: Look for the formation of support or resistance zones. Wait for price to retrace to these zones. if you are willing to take risk, you can consider even zones with low delta. If you want to be more cautious you should consider zones with high delta.
Volume Confirmation: Use the volume information to confirm the strength of the zone. Strong volume differences (displayed as labels) can indicate significant market pressure at these levels.
Breakout Trades: If price breaks through a support/resistance zone by more than the breakout threshold, consider this a signal for a potential trend continuation in the breakout direction.
Risk Management: Set stop-loss levels slightly outside of the identified zones to minimize risk in case of false breakouts. This can be set in input setting for breakout threshold.
Bonus Tip : Mark your significant highs and lows from where prices have retraced multiple times in the near past and if the zone is near these levels it can serve s a strong candidate of support or resistance
Therefore, in conclusion monitor the zones, based on delta and volume presence filter out the zone, wait for price retracement to the zone, intiate the trade with stop loss below zone with a set percentage.
Liquidity_Detection_Fx_Shepherd [ALLDYN]### Breakdown of the Basic "Fx_Shepherd_Liquidity" Script
#### 1. **Purpose of the Script:**
This basic version of the "Fx_Shepherd_Liquidity" script is designed to help traders detect potential liquidity grabs by analyzing price movements and candle patterns in the market. It works by identifying large price deviations and compares multiple candles to detect liquidity sweeps either to the upside or downside.
#### 2. **How it Works:**
- **User Inputs:**
- `Maru_rate`: This is a user-defined percentage that helps determine how much the price movement of a candle needs to deviate from the candle's range (high - low) to be considered a liquidity grab.
- `Compare`: Another percentage input used to compare the relative size of three candles versus one candle.
- `MA`: This represents the "Big candle period," or the moving average period for big candles.
- `urgent_rate`: This is used to determine urgency by comparing the current candle's range to an SMA of previous candles.
- **Key Calculation Steps:**
- **Candle Deviation (Up and Down):**
- `Up` measures how much the current candle closes above its open (bullish deviation).
- `Down` measures how much the current candle closes below its open (bearish deviation).
- **Average Deviations:**
- `UP_Sum` and `Do_Sum` calculate the SMA of Up and Down deviations, respectively, over the defined period (MA). These averages help detect when a candle deviates significantly from the norm.
- **Urgency Detection:**
- `Check_Up_Urgent` and `Check_Dow_Urgent` are conditions that check if the current candle’s high-low range exceeds the defined urgent rate. This signals whether the price movement is "urgent" or significant.
- **Liquidity Detection:**
- **For Upward Liquidity:**
- The script checks if the candle is bullish (`close > open`) and whether the price deviation (`close - open`) meets or exceeds the user-defined `Maru_rate`.
- The script then compares the size of the previous three candles (`high - low`) with a single candle (`Compare`) to confirm a liquidity grab.
- Finally, it looks for continuous upward candle patterns to confirm the strength of the move.
- **For Downward Liquidity:**
- Similar logic applies, but for bearish candles. It checks whether the candle is bearish (`close < open`) and applies the same size comparisons to detect downward liquidity grabs.
- **Candle Highlighting:**
- If the conditions for a liquidity grab are met (both urgency and size), the script changes the bar color to green for upward liquidity and yellow for downward liquidity. These colored bars visually highlight the candles that meet the liquidity grab conditions.
- The script also colors up to three consecutive candles if they meet the liquidity grab conditions (offset = -1, -2).
#### 3. **Benefits of Using This Script:**
- **Liquidity Grab Detection:**
This script helps detect potential liquidity grabs, which occur when large players in the market push the price in a direction to trigger stop-losses or lure retail traders into a position before reversing the price direction. By detecting these movements, traders can avoid being trapped and potentially take advantage of the upcoming reversal.
- **Simple & Lightweight:**
The script uses basic inputs and calculations to detect liquidity grabs, making it easy to use and understand. It's less complex than the advanced version, which makes it suitable for traders who prefer simplicity or are new to liquidity grab detection.
- **Visual Clarity:**
The script uses color changes (green for upward grabs and yellow for downward grabs) to help traders easily spot potential liquidity grab areas on the chart. These visual cues make it more straightforward to interpret.
#### 4. **When to Use This Basic Version:**
- **Quick Liquidity Detection:** This script is ideal for traders who need a quick way to detect potential liquidity grabs without the complexity of managing dynamic parameters or volume confirmation.
- **Simplified Trading Strategies:** If your trading strategy doesn’t rely heavily on volume or multi-timeframe liquidity grab adjustments, this script can work well for basic setups where price action is the primary indicator.
- **Faster Execution:** Since this version doesn’t require dynamic adjustments or volume confirmation, it executes faster, making it suitable for traders who need lightweight tools to stay on top of fast-moving markets.
### Conclusion:
The basic version of the **Fx_Shepherd_Liquidity** script offers a simplified tool for detecting potential liquidity grabs. Its straightforward design, adjustable Maru rate, and visual bar color changes make it easy to integrate into any trading strategy focused on price action. While it lacks the advanced features of the premium version, it serves as a solid, lightweight solution for traders who prefer simplicity over complexity.
MM Relative Volume (RVOL)What this script does:
This script shows you the "Relative Volume" (RVOL) value up to the current minute. RVOL is the volume from market open up to the current minute today, compared to the average of the same over the last n (30 by default) days.
How this script works:
There are a lot of indicators out there for RVOL, but they all take shortcuts that result in sub-par data. This indicator goes the distance to store data for every minute for the last n days for the current chart, then in sums the volume up to the current minute today along with the average of the same up-to-the-minute data from the prior n days to calculate the relative volume of the stock. It's super important to get this data up to the current minute, because most traders use this information primarily during the first 90 minutes of trading, and need to know if this value is going up or down.
How to use this script:
Relative volume can be used to gauge how "In Play" a stock is. If RVOL is less than 1 it is not "In Play" on this trading day and you might not want to trade it. If RVOL is above 2, it is "In Play" and you may want to trade it. When stocks are very "In Play", you can see an RVOL of 5 and above. The higher the RVOL the more "In Play" the stock is. You can also used RVOL for position sizing. If RVOL is <1 you may decide not to take a large position in the name. If RVOL is >3, this may give you more confidence to take a larger position as more reward and more liquidity should be present.
What makes this script original:
This particular implementation of RVOL has never been done before on TradingView to my knowledge. Most other indicators use a rolling average of the prior 30 days which is much easier to do, but this doesn't actually work properly because instead of getting large volume spikes from prior days filtered out correctly, it takes a LOT longer for those to even out as the rolling average eventually smooths down. Instead, with this indicator, any large/small volume days will truly drop off after the moving average length and the calculated average daily volume (ADV) will be accurate up to the minute. For more details on the original concept behind this indicator, check out the blog linked on my profile.
Price Action Volumetric Breaker Blocks [UAlgo]The Price Action Volumetric Breaker Blocks indicator is designed to identify and visualize significant price levels in the market. It combines concepts of price action, volume analysis, and market structure to provide traders with a comprehensive view of potential support and resistance areas. This indicator identifies "breaker blocks," which are price zones where the market has shown significant interest in the past.
These blocks are created based on swing highs and lows, and are further analyzed using volume data to determine their strength. The indicator also tracks market structure shifts, providing additional context to price movements.
By visualizing these key levels and market structure changes, traders can gain insights into potential areas of price reversal or continuation, helping them make more informed trading decisions.
🔶 Key Features
Dynamic Breaker Block Identification: The indicator automatically detects and draws breaker blocks based on swing highs and lows. These blocks represent areas of potential support and resistance.
Volume-Weighted Strength Analysis: Each breaker block is analyzed using volume data to determine its bullish and bearish strength. This is visually represented by the proportion of green (bullish) and red (bearish) coloring within each block.
Market Structure Break (MSB) and Break of Structure (BOS): The indicator identifies and labels Market Structure Breaks (MSB) and Break of Structure (BOS) events, providing context to larger market trends.
Customizable Settings:
- Adjustable swing length for identifying pivot points
- Option to show a specific number of recent breaker blocks
- Choice between wick or close price for violation checks
- Toggle to hide overlapping blocks for cleaner analysis
Violation Detection: Automatically detects when a breaker block has been violated (broken through), either by wick or close price, depending on user settings.
Overlap Control: Provides an option to hide overlapping order blocks, ensuring that the chart remains clean and easy to read when multiple blocks are detected in close proximity.
🔶 Interpreting Indicator
Breaker Blocks:
Breaker blocks are key areas where the price moves through and invalidates a previously identified order block. The indicator detects a breaker block when the price violates an order block by exceeding its high or low (depending on whether it's a bullish or bearish block). This violation is determined by either the wick or the close of a candle, depending on the user's selection in the "Violation Check" setting. When a breaker block is detected, the indicator removes the violated order block from the chart, signaling that the zone is no longer relevant for future price action.
Bullish Breaker Block: This occurs when a bearish order block (red) is violated by the price closing above the block’s top boundary or when the wick surpasses this level. It signals that a prior bearish structure has been invalidated, and the market may shift to a bullish trend.
Bearish Breaker Block: This occurs when a bullish order block (teal) is violated by the price closing below the block’s bottom boundary or when the wick drops below it. It suggests that a previous bullish structure has been broken, indicating potential bearish momentum.
Market Structure Labels:
"MSB" (Market Structure Break) labels indicate a potential change in trend direction.
"BOS" (Break of Structure) labels confirm the continuation of the current trend after breaking a significant level.
Block Strength:
A block with more green indicates stronger bullish interest.
A block with more red indicates stronger bearish interest.
The relative sizes of the green and red portions show the balance of power between buyers and sellers at that level.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Liquidity Zones [BigBeluga]This indicator is designed to detect liquidity zones on the chart by identifying significant pivot highs and lows filtered by volume strength. It plots these zones as boxes, highlighting areas where liquidity is likely to accumulate. The indicator also draws lines extending from these boxes, marking the levels where price may "grab" this liquidity. The size of these boxes can be dynamic, adjusting based on the volume size, offering a visual representation of market areas where traders might expect significant price reactions.
🔵 IDEA
The idea behind the Liquidity Zones indicator is to help traders identify key market levels where liquidity accumulates. Liquidity zones are areas where there are enough buy or sell orders that can potentially lead to significant price movements. By focusing on pivot points filtered by volume strength, the indicator aims to provide a clearer picture of where large players may have positioned their orders. This insight allows traders to anticipate potential market reactions, such as reversals or breakouts, when the price reaches these zones. The option for dynamic box height further refines the visualization, showing the extent of liquidity based on the volume's intensity.
🔵 KEY FEATURES & USAGE
◉ Volume-Filtered Pivot Highs and Lows:
The indicator scans for pivot highs and lows on the chart, filtering these points based on the volume strength setting (Low, Mid, High). This ensures that only the most significant liquidity zones, backed by notable trading volume, are highlighted. Traders can adjust the filter to focus on different levels of market activity, from small fluctuations to major volume spikes.
Low:
Mid:
High:
◉ Dynamic and Static Liquidity Zones:
Liquidity zones are plotted as boxes around pivot points, with an optional dynamic mode that adjusts the box height based on the normalized volume. This dynamic adjustment reflects the liquidity carried by the volume, making it easier to gauge the significance of each zone. In static mode, the boxes have a fixed height, providing a consistent visual reference for the zones.
◉ Color Intensity Based on Volume:
The indicator adjusts the color intensity of the liquidity zones based on the volume strength. Higher volume zones will be displayed with more intense colors, giving a visual cue to the strength of the liquidity present in that area. This makes it easier to differentiate between zones of varying importance at a glance, allowing traders to quickly identify where the market has the highest concentration of liquidity.
◉ Liquidity Grab Detection and Red Circles:
When the price interacts with a liquidity zone, the indicator detects whether liquidity has been "grabbed" at these levels. If the price moves into a zone and crosses a level, the box label changes to "Liquidity Grabbed," and the line marking the level becomes dashed.
Reversal Points:
The beginning of a trend:
Additionally marks these "liquidity grabs" with red circles, indicating both recent and past liquidity grabs. This feature helps traders identify areas where liquidity has been absorbed by the market, which may signal potential reversals or shifts in market direction.
◉ Dashboard Display:
A dashboard in the upper right corner of the chart provides an overview of the indicator's settings and status. It shows the number of plotted zones, as set in the input settings, and whether the dynamic mode is active. This quick reference helps traders stay informed about the indicator's configuration without needing to open the settings panel.
🔵 CUSTOMIZATION
Length & Zones Amount: Set the length for pivot detection and the maximum number of zones to be displayed on the chart. This allows you to control how many liquidity zones you want to monitor at any given time.
Volume Strength Filter: Adjust the filter to Low, Mid, or High to control the strength of volume required for a pivot to be considered a significant liquidity zone. Higher settings focus on zones with greater volume, indicating stronger liquidity.
Dynamic Distance Mode: Enable or disable the dynamic mode, which adjusts the box height based on the volume size. When dynamic mode is off, the boxes have a fixed height based on the ATR, offering a consistent visualization regardless of the volume size.
The Liquidity Zones indicator is a versatile tool for identifying areas of significant market activity, offering a clear view of where liquidity is likely to reside. By filtering these zones through volume strength and providing dynamic or static visualization options, it equips traders with insights into potential market reaction points, enhancing their ability to anticipate and respond to market movements. The varying color intensity based on volume further aids in quickly recognizing the most critical liquidity zones on the chart.
TSMG VOLUME BY MACKThe TSMG Volume Indicator is a powerful tool used in Volume Spread Analysis (VSA) to assess market dynamics by examining the relationship between price movements and trading volume. It helps traders identify potential actions of "smart money"—institutional or informed traders—by analyzing volume spikes, price spreads, and closing prices.
Key Features:
Volume Analysis: The indicator highlights significant volume changes, allowing traders to discern whether a price move is supported by strong buying or selling activity. High volume accompanying a price increase often indicates accumulation by smart money, while high volume with a price decrease suggests distribution.
Price Spread Interpretation: The TSMG Volume Indicator combines price spread analysis with volume data. It helps to identify bullish or bearish trends by analyzing how price changes occur in relation to volume. For instance, a narrow spread with high volume may signal a potential reversal or a continuation pattern.
Smart Money Tracking: By tracking volume patterns alongside price actions, the indicator helps traders spot potential smart money moves. For example, if a stock experiences a sudden increase in volume without a corresponding price rise, it may indicate that institutional investors are accumulating shares quietly.
Alert System: Many implementations of the TSMG Volume Indicator feature alerts for significant volume anomalies, enabling traders to react quickly to potential trading opportunities.
Multi-Timeframe Analysis: The indicator can be applied across various timeframes, giving traders insights into both short-term and long-term market dynamics.
Practical Application:
Traders can use the TSMG Volume Indicator to enhance their trading strategies by confirming signals from other technical indicators. For instance, if a bullish candlestick pattern appears alongside high volume, it strengthens the case for a potential upward movement. Conversely, a bearish pattern with increasing volume might suggest caution or a possible downtrend.
In summary, the TSMG Volume Indicator is a valuable asset for traders looking to harness Volume Spread Analysis, providing insights into the actions of smart money and helping to inform more effective trading decisions.
China's stock market volume ratio1. Introduction to Volume Ratio:
In China's stock market, the volume ratio is an indicator used to measure relative trading volume. It compares the average volume per minute after the market opens to the average volume per minute over the past five trading days.
2. Application of Volume Ratio:
When there is a sudden surge in volume, the volume ratio chart will show a sharp upward break, indicating an increase in trading volume (initial market movements can be disregarded). Conversely, when volume contracts, the volume ratio will move downward.
If the volume ratio is greater than 1, it indicates that the average trading volume per minute for the current day is higher than the average over the past five days, signifying increased trading activity.
If the volume ratio is less than 1, it means that today's trading volume is lower than the average of the past five days, indicating decreased trading activity.
3. Volume Ratio Calculation:
The formula for calculating the volume ratio is:
Volume Ratio=Current Total Volume/(Average Volume per Minute over the Last 5 Days * Accumulated Market Open Time (in minutes))
Custom Buy BID StrategyThis Pine Script strategy is designed to identify and capitalize on upward trends in the market using the Average True Range (ATR) as a core component of the analysis. The script provides the following features:
Customizable ATR Calculation: Users can switch between different methods of ATR calculation (traditional or simple moving average).
Adjustable Parameters: The strategy allows for adjustable ATR periods, ATR multipliers, and custom time windows for executing trades.
Buy Signal Alerts: The strategy generates buy signals when the market shifts from a downtrend to an uptrend, based on ATR and price action.
Profit and Stop-Loss Management: Built-in take profit and stop-loss conditions are calculated as a percentage of the entry price, allowing for automatic position management.
Visual Enhancements: The script highlights the uptrend with green lines and optionally colors bars to help visualize market direction.
Flexible Timeframe: Users can configure a specific date range to activate the strategy, offering more control over when trades are executed.
This strategy is ideal for traders looking to automate their buy entries and manage risk with a straightforward trend-following approach. By utilizing customizable settings, it adapts to various market conditions and timeframes.
Advanced Volume-Driven Breakout SignalsThe "Advanced Volume-Driven Breakout Signals" indicator is a cutting-edge tool designed to help traders identify high-potential trading opportunities through sophisticated volume analysis techniques. This indicator integrates volume flow analysis, moving averages, and Relative Volume (RVOL) to provide a comprehensive view of market conditions, going beyond traditional Volume Spread Analysis (VSA) methods.
Key Features:
Volume Flow Analysis: Distinguishes bullish and bearish volume flows with distinct colors, making it easier to visualize market sentiment and potential breakout points.
Volume Flow Moving Averages: Calculates moving averages for volume using various methods (SMA, EMA, WMA, HMA, VWMA), accommodating different trading strategies. This includes settings for adjusting the type of moving average and its period, as well as thresholds for high, medium, and low volume levels.
Volume Spikes Detection: Identifies significant volume spikes based on user-defined multipliers and moving averages, highlighting unusual trading activity.
Volume MA Cloud Settings: Computes general moving averages of volume to track trends and detect deviations. This feature includes options to select different moving average types and adjust thresholds for detecting high volume activity.
Relative Volume (RVOL): Measures current volume relative to historical averages, triggering signals when RVOL exceeds predefined thresholds, indicating notable changes in trading activity.
Entry Conditions: Provides clear long and short entry signals based on combined volume flow conditions and RVOL, offering actionable trading opportunities.
Volume Visualization:
— Bullish Volume Flow: Light and dark green bars indicate bullish volume flow.
— Bearish Volume Flow: Light and dark red bars denote bearish volume flow.
— High Volume Bars: Highlighted in yellow, and extreme volume bars in orange for additional context. These bars are plotted for visual aid and do not directly influence trade signals, focusing instead on the quality and strength of the volume flow.
Alerts: Allows users to create alert notifications for long and short entry signals when the criteria are met, enabling traders to respond promptly to trading opportunities.
Usage:
Overlay: Apply the indicator directly to your price chart to visualise real-time signals and volume conditions.
Customisable: Adjust settings for moving averages, RVOL, and other parameters to match your trading strategy and preferences.
Comparison to VSA Scripts: The "Advanced Volume-Driven Breakout Signals" indicator extends beyond traditional VSA scripts by incorporating a wider range of analytical features. While VSA primarily focuses on volume spread patterns and price action, this indicator offers enhanced functionality with advanced RVOL metrics, customizable moving averages, and detailed volume spike detection, making it a more versatile tool for identifying breakout opportunities and managing trades. It is particularly effective when used alongside key levels and order blocks.
Acknowledgements: Special thanks to @oh92 and @goofoffgoose for their invaluable scripts, which served as inspiration in the development of this advanced trading indicator.
Notes: The script is continually evolving, with ongoing refinements aimed at enhancing accuracy and performance.
EMA Volume [MacroGlide]EMA Volume is a versatile tool designed to track and analyze market volumes by calculating the Exponential Moving Averages (EMAs) of total, bullish, and bearish volumes. This indicator helps traders visualize volume dynamics, identify buying and selling pressure, and make informed trading decisions based on volume activity.
Key Features:
• Volume EMAs: The indicator calculates the EMAs of total, bullish, and bearish volumes, allowing users to observe how volume trends evolve over time. This helps identify shifts in market sentiment and potential reversals.
• Separation of Bullish and Bearish Volumes: By separating bullish and bearish volumes, the indicator provides a clear view of buying versus selling activity. This distinction is valuable for understanding the market's underlying momentum and direction.
• Customizable Visuals: Users can customize the line style and color for each volume type, allowing them to tailor the display of the indicator to their personal preferences and enhance the visual interpretation of the data.
How to Use:
• Add the indicator to your chart and adjust the EMA settings and display parameters according to your needs.
• Use the difference between bullish and bearish volumes to assess current market sentiment and analyze potential trend changes.
• Monitor the EMA of total volume to identify overall volume trends that can serve as additional signals for entering or exiting positions.
Methodology:
The indicator calculates the EMAs for total, bullish, and bearish volumes based on the trading volumes associated with price increases or decreases. This tool helps evaluate the strength of buying and selling at different times, making it especially useful for volume and market dynamics analysis.
Originality and Usefulness:
EMA Volume stands out for its ability to separate buying and selling volumes and present them in a clear visual format, significantly simplifying the analysis of market activity and decision-making in trading.
Charts:
The indicator displays clean and clear charts, where each type of volume is represented by its own line and color, making visual interpretation easier. The charts focus solely on key information for analysis: EMAs of total, bullish, and bearish volumes. These features make the charts highly useful for quick analysis and trading decision-making.
Enjoy the game!
Volume PACustom volume histogram that visually represents trading volume in relation to the price action of the current bar. The histogram is colored based on whether the current bar is bullish or bearish, and it greys out when the current volume is lower than the volumes of the previous specified number of bars.
Customizable Bar Count: Users can specify how many previous bars to compare against for determining if the current volume is lower.
Default color-coded histogram:
Green: Indicates a bullish bar (closing price is greater than opening price).
Red: Indicates a bearish bar (closing price is less than opening price).
Grey: Indicates that the current volume is lower than the volumes of the previous specified number of bars.
Vasyl Ivanov | Active VolumesVolumes Indicator with Active Volume Detection
This indicator provides a more granular view of market volumes by combining data from a child timeframe. It introduces the concept of Active Volumes, highlighting periods of increasing market activity, giving traders a clearer understanding of volume dynamics.
Key Features:
Active Volumes:
Active volumes are calculated by summing up the volumes from the child timeframe bars where the volume was higher than the previous bar.
This helps you quickly identify periods where buying or selling pressure is increasing, giving insight into stronger market participation.
Total Volume and Active Volume per Bar:
The indicator displays two key volume values for each bar on the chart: Total Volume: The combined volume for the bar, calculated by summing up all child timeframe volumes. Active Volume: The volume that only counts when there is an increase from the previous child timeframe bar's volume, making it useful to identify strong momentum shifts.
Customizable Child Timeframe:
Users can select any child timeframe in the indicator’s settings to aggregate the volume data. This flexibility allows traders to adjust the indicator based on their preferred timeframe for analysis.
How It Works:
The Volumes Indicator aggregates volumes from a specified child timeframe. Each bar on the chart is calculated by combining the volume data from the child bars. The indicator highlights two values:
Total Volume, which represents the entire volume of trades within the bar.
Active Volume, which focuses on periods where the volume increased from one bar to the next in the child timeframe. This allows traders to pinpoint more active trading periods, improving volume-based decision-making.
Use Cases:
Identifying Momentum: By focusing on active volumes, traders can spot periods of increasing market participation, which may signal trends or reversals.
Scalping or Short-Term Trading: Use lower child timeframes to identify short-term volume spikes and adjust your entries/exits accordingly.
Long-Term Volume Analysis: Apply higher child timeframes to get a broader perspective on market activity over time.
Why It’s Unique:
Unlike traditional volume indicators that show only the total volume, this indicator offers a detailed breakdown of market activity, highlighting periods of increasing volume through Active Volume. The ability to customize the child timeframe makes it highly adaptable to various trading strategies, offering deeper insights into volume analysis.
The real breakout indicator CCI + Money Flow + Buy / SellComponents of the indicator
1. CCI (Commodity Channel Index)
The CCI component measures the deviation of the price from its statistical average. It is used to identify overbought or oversold conditions and is integrated into the trend logic to determine potential trend reversals. High values may indicate overbought conditions, while low values could signify oversold situations.
Detailed
The CCI (Commodity Channel Index) used in "The Real Breakout Indicator Hawk" is an enhanced version compared to the traditional CCI, offering several advantages:
1. Weighting and Smoothing Mechanism
In this version, the CCI values are weighted and smoothed using custom parameters (c1, c2, c3), which allows for greater flexibility in adjusting the sensitivity of the CCI to market conditions. This smoothing reduces noise and provides clearer signals compared to the standard CCI, which can be prone to whipsaws in volatile markets.
2. Multi-level Calculation
The indicator uses an array-based approach to calculate multiple variations of CCI values (with p as the parameter for different levels of calculation), which is then combined to create a more robust signal. This multi-level approach allows for capturing different market cycles, unlike the traditional CCI that only uses a single period for calculation.
3. Integration with Moving Averages and Trend Detection
Unlike the original CCI, which is often used in isolation, this version integrates with the trend detection logic by combining it with moving averages and money flow. The enhanced CCI contributes to the broader trend analysis, ensuring that buy/sell signals are not just based on CCI overbought/oversold levels but also validated by moving averages and slope calculations.
4. Trend-Weighted CCI
This version adds weight to recent price action trends, making it more adaptive to current market momentum. The CCI values are influenced by recent high and low prices, adding a trend-following aspect that is missing from the original CCI, which treats all price deviations equally.
This image of EURAD shows for example that when CCI component is green a strong trend is detected which can hold for up to 10 days in this example, ideal for swing trades;
EURAUD 2H
5. Improved Overbought/Oversold Detection
The script incorporates a dynamic overbought/oversold detection zone based on the enhanced CCI. It accounts for market volatility, allowing it to adjust its thresholds (such as the 200 level) more effectively in different market environments. This makes the enhanced CCI better suited for varying market conditions compared to the fixed thresholds of the original CCI.
You can see that the red diamond signal is generated at the absolute top of the price range after which price started to reverse, the detection is based on a cross over value together with Money Flow strength
BTCUSDT 2H
6. Strong Buy/Sell Confirmation
The enhanced CCI works in tandem with other components like Money Flow and Moving Averages to confirm buy or sell signals. This cross-validation makes the indicator less reliant on CCI alone and ensures that the signals generated are stronger and less prone to false positives, which is a common issue with the standalone CCI.
The green diamond buy signal in a strong downtrend is mostly a short retrace of price before continuing down further, yo can use this as an entry signal after the bounce up into an FVG for example. However when price is at a support, meaning price is not moving down further and this occurs this could be a potential reversal signal as shown on the right side on the chart below. FVG is not respected, retested and price continues up.
BTCUSDT 2H
Summary:
In summary, the enhanced CCI in this indicator improves over the original CCI by providing better noise reduction, multi-level analysis, trend integration, and adaptability to different market conditions. These improvements lead to more reliable and actionable trading signals.
2. Money Flow (MF) www.tradingview.com
The Money Flow component tracks the flow of capital in and out of an asset. Positive values indicate strong buying pressure, while negative values show selling pressure. This is smoothed to avoid noise and is used to confirm strong buy or sell conditions.
The Money Flow (MF) in "The Real Breakout Indicator Hawk" measures the flow of capital into or out of an asset, helping to assess the underlying buying or selling pressure in the market.
1. Positive Money Flow (Buying Pressure)
When the MF is positive, it indicates that more money is flowing into the asset, which suggests strong buying interest. This helps confirm that a price increase or breakout to the upside is supported by demand.
2. Negative Money Flow (Selling Pressure)
A negative MF indicates that capital is leaving the asset, reflecting selling pressure. This is a sign that the market is under bearish conditions, and prices are likely to decline or break down.
3. Confirmation of Buy and Sell Signals
The MF is used to confirm buy and sell signals generated by other components of the indicator. When the MF aligns with other bullish signals, it strengthens the buy condition, and similarly, when the MF shows strong selling pressure, it reinforces a sell signal.
4. Filtering Noise
The MF is smoothed to filter out noise, ensuring that only significant movements in buying or selling pressure are considered. This helps avoid false signals and makes the MF a reliable tool for detecting true market strength.
5. Range Sensitivity
The MF operates within defined ranges, ensuring that buy or sell signals are only triggered when the flow of money is strong enough, adding precision to signal generation.
In summary, the Money Flow component is crucial for validating market direction, enhancing signal reliability, and helping traders make more informed decisions based on the underlying capital movement in the market.
3. Moving Averages (MA)
Multiple types of moving averages (SMA, EMA, HMA, etc.) are used to smooth price action and highlight the trend direction. The script supports different types of moving averages, and their slopes are calculated to assist in identifying changes in trend momentum.
The Moving Averages (MA) section of "The Real Breakout Indicator Hawk" plays a critical role in smoothing price data, identifying trends, and generating buy/sell signals. Here’s a breakdown of what it does and how you can use it effectively without diving into the script:
1. Moving Average Types
This section allows the user to choose from different types of moving averages, each with unique characteristics:
SMA (Simple Moving Average): Takes the average of closing prices over a specific period. It’s slower and better suited for detecting long-term trends.
EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new price action and suitable for short-term trading.
HMA (Hull Moving Average): A smoother and faster moving average, useful for reducing lag in fast-moving markets.
LVMA (Linear Weighted Moving Average): Places the most weight on recent prices, making it even more responsive than EMA.
Alma (Arnaud Legoux Moving Average): A smoother version that reduces noise while maintaining responsiveness to recent price action.
2. Smoothing and Trend Detection
The moving average smooths out price data to remove small fluctuations and focuses on the overall trend. When prices are trading above the moving average, it suggests that the market is in an uptrend. When prices are below the moving average, it indicates a downtrend.
3. Trend Confirmation
The moving average serves as a confirmation tool. When the price crosses above the moving average, it could signal the start of a bullish trend, and when the price crosses below, it may indicate the beginning of a bearish trend.
4. Buy and Sell Signals
Buy Signal: The system detects a buy signal when:
The moving average crosses above 0, indicating a potential upward momentum.
Other indicators like Money Flow and CCI align to confirm the trend.
Sell Signal: A sell signal is triggered when:
The moving average crosses below 0, signaling a potential downtrend.
This signal is further validated by other components such as Money Flow and CCI to reduce false signals.
5. Using Moving Averages in Trading
Crossover Strategy: One of the simplest ways to use moving averages is by employing a crossover strategy. For instance:
When the shorter-term moving average (e.g., 20-period) crosses above a longer-term moving average (e.g., 50-period), this is a bullish crossover, indicating a buy signal.
Conversely, when the shorter-term moving average crosses below the longer-term moving average, this is a bearish crossover, indicating a sell signal.
Trend Following: If you’re trading with the trend, you can use a moving average to stay in the trade as long as the price remains above (for long positions) or below (for short positions) the moving average.
Support and Resistance: Moving averages can also act as dynamic support or resistance levels. For example, in an uptrend, the CCI might bounce off the moving average, offering a good entry point for a long position. In a downtrend, the moving average could act as resistance where prices may reverse, offering a shorting opportunity.
To use the MA section effectively:
Choose the right type of moving average based on your trading style (e.g., use EMA for faster response or SMA for long-term trends).
Watch for crossovers as buy/sell signals, especially in combination with other indicators.
Follow the trend by observing whether the price is above or below the moving average.
Use the moving average as a dynamic support/resistance level to find optimal entry/exit points.
This approach makes the moving average a versatile tool for identifying trends, refining entry and exit points, and confirming overall market direction.
an example when MA crosses below 0, keep in mind that when it it starts curving up and turning green there is a reversal brewing, this could take time...
BTCUSDT 2H
4. Buy Signals
Buy signals are generated when the moving average crosses up, and the Money Flow and other trend-based conditions are met, including CCI levels confirming the strength of the breakout. Additionally, slope calculations and other momentum indicators provide extra confirmation for entries.
5. Sell Signals
Sell signals occur when the moving average crosses down, combined with negative Money Flow, confirming downward pressure. Other trend-based conditions, including the CCI, must also align to validate the signal, and slope calculations ensure that momentum is on the sell side.
6. Slope and Trend Detection
The script includes calculations for the slope of price action over a lookback period to measure trend strength and direction. The slope is normalized to help identify when the market is gaining or losing momentum. This slope is used in conjunction with the moving averages and Money Flow to give more accurate trend signals.
The Slope and Trend Detection component in "The Real Breakout Indicator Hawk" is designed to measure the direction and strength of the market’s trend by calculating the slope of the price action over a specific period. This helps to identify whether the market is gaining or losing momentum, and it is a key element in refining buy/sell signals.
Here’s how the Slope and Trend Detection works and how you can use it effectively without diving into the script:
1. Slope Calculation
Slope is essentially the rate of change of the moving average (or price) over a given number of bars. It measures how steeply the price is moving up or down.
The script calculates the slope by measuring the difference between the moving average over a defined number of bars (e.g., 12 bars in this case). A larger slope indicates a stronger trend, while a smaller slope suggests a weaker or consolidating trend.
2. Normalized Slope
The slope is normalized, meaning it is adjusted to fall within a range that makes it easier to compare across different time frames and markets. This normalization helps to gauge whether the slope is strong or weak relative to historical data.
Positive slopes (above 0) indicate an uptrend or rising price momentum, while negative slopes (below 0) indicate a downtrend or falling price momentum.
3. Trend Detection
The slope of the moving average is used to detect the current trend:
If the slope is positive, the market is in an uptrend.
If the slope is negative, the market is in a downtrend.
The stronger the slope (the steeper it is), the stronger the trend. A small slope indicates a weak trend or consolidation.
4. Slope Thresholds
The system uses thresholds to determine the significance of the slope. These thresholds are set as upper and lower bounds:
Upper Threshold: If the slope exceeds this threshold, the trend is considered strong, and it could trigger a buy signal.
Lower Threshold: If the slope falls below this threshold (into the negative range), it indicates a strong downtrend, and it could trigger a sell signal.
These thresholds help filter out weak or false signals that occur in sideways or low-momentum markets.
5. Positive and Negative Slope Arrays
The system keeps track of both positive and negative slopes over a defined lookback period (e.g., 500 bars). By storing these values, it creates a historical context that helps to assess the current slope in relation to past price movements.
It calculates the standard deviation and the average of these slopes to dynamically adjust the thresholds for each market condition, making the trend detection more adaptive to different types of assets or market phases.
6. Using Slope and Trend Detection in Trading
Buy Signal with Positive Slope: When the slope is positive and exceeds a certain threshold, it confirms that the market is in a strong uptrend. This can be used as a signal to enter a long position or add to existing long trades.
Sell Signal with Negative Slope: When the slope turns negative and falls below the lower threshold, it signals a strong downtrend, indicating a potential short-selling opportunity or the time to exit long positions.
Avoiding Flat Markets: If the slope remains close to zero (neither strongly positive nor negative), it suggests a lack of clear trend or a consolidating market. In these conditions, it might be better to avoid taking new trades or use additional filters to confirm signals.
7. Slope-Based Trend Strength Indicator
You can also use the slope as a measure of trend strength:
Strong Trend: When the slope is steep (either positive or negative), it indicates strong momentum, and you can be more confident in holding a trade in that direction.
Weak Trend or Consolidation: When the slope is flat, it indicates weak price momentum, which may signal a period of consolidation or indecision in the market.
8. Visual Representation
The slope is often visually represented as a gradient or line that fluctuates around a central point (usually zero). Positive values are shown in one color (e.g., green for an uptrend), while negative values are shown in another color (e.g., red for a downtrend). This allows traders to quickly identify the current trend direction and its strength.
Summary:
To use Slope and Trend Detection effectively:
Monitor the slope to determine the trend direction (positive = uptrend, negative = downtrend).
Look for thresholds to identify strong trends. For instance, a steep positive slope signals a strong uptrend, while a steep negative slope signals a strong downtrend.
Use slope changes to confirm buy/sell signals. For example, if you receive a buy signal and the slope is positive and increasing, it confirms that momentum is behind the trade.
Avoid low-slope periods when the slope is close to zero, indicating a lack of trend or sideways market conditions.
This approach helps traders stay on the right side of the trend while avoiding periods of low momentum, enhancing the accuracy of trade signals.
7. Banker Fund Flow Trend
This component identifies potential large institutional moves by tracking specific patterns in price and volume data. When the institutional or "banker" entry or exit conditions are met, it highlights these moments with candles and generates alerts.
The Banker Fund Flow Trend in "The Real Breakout Indicator Hawk" helps detect the flow of institutional (or "smart money") into and out of the market by tracking price trends and large player activity. It uses red and yellow candles to signal when institutional money is influencing the market.
Key Points:
Yellow Candles (Banker Entry):
A yellow candle is plotted when institutional money starts flowing into the market.
This signals a potential buy opportunity, as large market players are likely pushing prices upward.
Red Candles (Banker Exit):
A red candle appears when institutional money starts exiting the market.
This is a signal to consider selling or exiting long positions, as institutional selling could drive prices lower.
Usage:
Yellow candles: Use these as signals to enter long trades or add to existing positions, confirming upward momentum driven by institutional buyers.
Red candles: Treat these as signals to exit long trades or consider short positions, as institutional selling may lead to further downside.
BTCUSDT 2H
The yellow and red candles provide clear, actionable signals for aligning trades with institutional flows, ensuring you’re following the "smart money."
8. Dynamic Buy/Sell Calculations
A dynamic component is designed to refine the buy and sell signals further based on additional conditions like price patterns, volatility, and Money Flow. This ensures that signals are more responsive to changing market conditions.
The Dynamic Buy/Sell Calculations in "The Real Breakout Indicator Hawk" are designed to refine entry and exit points for trades by using additional conditions beyond simple crossovers. These calculations adapt to the current market conditions, making them more responsive to changes in volatility, trend strength, and momentum.
Key Features:
Dynamic Buy Calculation:
The indicator generates a buy signal when multiple conditions align. These conditions include the money flow (MF) being within a favorable range, the moving average (MA) confirming upward momentum, and the CCI and other trend components indicating strength.
This makes the buy signal more reliable, as it considers multiple aspects of market behavior (price, momentum, and money flow) to avoid false entries.
Dynamic Sell Calculation:
Similarly, the sell signal is triggered when the dynamic conditions indicate downward momentum.
This includes:
The moving average crossing down.
Negative money flow, suggesting selling pressure.
Other trend signals confirming a bearish move.
The dynamic nature of these conditions ensures that sell signals are only generated when there’s a high probability of continued downside movement.
Adaptive to Market Conditions:
The dynamic nature of these calculations means that the buy/sell signals adapt to market changes, like volatility spikes or sudden trend reversals. Instead of relying on static conditions, the system adjusts to current price movements and volatility.
Avoiding Noise:
By adding multiple filters like MF thresholds, slope, and moving averages, the dynamic calculations help reduce false signals that occur in noisy, sideways markets. This helps traders avoid entering trades during periods of low momentum or unclear trends.
How to Use:
Buy Signals: Use these signals to enter long trades when the dynamic conditions align, confirming that upward momentum is strong and backed by institutional flows.
BTCUSDT 2H
Aqua marker/cross signals (price manipulation/continuation)
BTCUSDT 2H
Sell Signals: Use the sell signals to exit long positions or enter short trades when the market shows signs of bearish momentum, confirmed by multiple conditions like MA crossovers and negative money flow.
BTCUSDT 2H
In summary, the Dynamic Buy/Sell Calculations provide a more sophisticated approach to generating trade signals by combining various trend and momentum indicators, helping traders make more informed decisions in different market conditions.
This part of the code is identifying two key trading signals: moments to buy and moments to sell based on the behavior of a calculated trend line.
Buy Condition:
The system looks for a situation where the trend has been moving downward but has started to reverse upward. Specifically, it checks if the trend was declining a little while ago, then stopped falling, and is now starting to rise. If these conditions are met and the trend is still below a certain level, the system considers this a possible time to buy.
Sell Condition:
The opposite happens for selling. The system monitors for a situation where the trend has been moving upward but starts to turn downward. It checks if the trend was rising, leveled off, and now seems to be starting to fall. If these conditions are met and the trend is above a certain level, this could indicate a good time to sell.
Visual Markers:
To help the user easily see these signals on a chart, the system places symbols at specific points. A marker appears on the chart where the conditions for buying or selling are met, allowing the trader to quickly spot potential entry or exit points in the market.
In summary, this logic is designed to detect possible changes in trend direction and signal appropriate times to consider buying or selling, with clear visual markers on the chart for quick identification.
9. Alerts for Buy and Sell
The indicator provides built-in alert conditions for both buy and sell signals. When these conditions are met, the system generates alerts, making it suitable for automated monitoring.
Each of these components works together to detect potential breakout opportunities, trend continuations, and reversals, making the indicator suitable for both short-term and long-term trading strategies.
Atareum Volume Ichimuku CandleAVIC (Atareum Volume Ichimoku Candles) is clearly an awesome indicator that is based on Ichimoku concepts by combination with volume. This is a new approach of volume candles that is combined with Ichimoku concepts and creates such a powerful tool to trace the market and assists traders to make better decisions, truly.
Concept:
Using Ichimoku leading periods and calculations on redesigning new candles in combination with volume, that makes unique reform candles on Tenkansen movement, but these new candles clearly omit noises in combination with volume, and then the new redesigned system of cloud calculations builds, new series of data for Senko Span A and Senko Span B which is so odd in first view, because they will barely ever cross each other, but they show very more informative and useful.
Parameters:
Section 1 : Candle colour setting for flourishing just as you desire !
Section 2 : Defining Periods of standard Ichimoku and source of candle data in combination with determining the smoothing type of moving averages and signal period.
Section 3 : Select using Heikin Ashi based candles alongside with redesigned cloud calculation type and three additional moving averages which can plot on each newly generated candles and standard candles on a chart with the type mode defined in the previous section.
Note: if you want to omit any or all of these moving averages, you can use 0 in period, instead of selecting "None" in the plot moving option!
Usage :
Overall:
Regardless of the additional moving averages which will lead to so many situations of market according to their types and designs, that is four different period for new redesign AVIC and three period for standard chart. You can easily select periods and type for these moving averages. Also, do not forget that signal moving averages is shown only on AVIC chart and have two different colour for upward and downward trends. Other moving averages are plot by just one single colour.
Cloud levels are so important because AVIC candles show respect to them and when they break the clouds upward or downward it's surly beginning of a trend that is may last long. Also when cloud levels flatten, it is determining a support or resistance according to up cloud or down cloud nature and as long as they will continue or repeated periodically on same level of AVIC chart, it will implement their weakness or strength.
Support and Resistance:
Any flattens of cloud up or down level means the support or resistance level due to its nature, but important thing is how long the cloud lasts flatten or how many times repeated in the same level in AVIC chart.
For plotting the support or resistance you should trace first candle of start of flattens in standard chart just like following picture.
Divergence:
All Higher high or Lower low of standard chart has its reflect in AVIC chart but there is secret in it, It is named divergence. When standard chart price candles generating lower low but the AVIC chart candles do not cross the bottom, it means we will spike high as soon as AVIC candle chart complete its divergence. You can see perfect example in following picture.
Cloud level Ends
When cloud down level become flattens and cloud up level start a bull run it means we will face a great up trend movement but as soon as cloud down level starts to move up it mean we are going to finish the bull run and maybe it goes with consolidation phase or reversal phase. This reaction is exactly happen in vice versa for bear run trend. You can see both examples in following pictures.
Note: if we face end of bull run and cloud down level make a U turn shape upside down it means we will have reversal phase even not too long but it is sharp and fast reversal. If cloud down level just turn right slightly, it means we should have consolidation phase, mostly or we can continue the last trend slightly. All these situations can happen in vice versa bear run. You can see example in following picture.
Signals:
Long but risky:
You can go long when AVIC candles are green and be in position as long as they are not change in colour.
Long and safe :
You can go long when AVIC candles cross up cloud down level and be in position as long as AVIC candles cross down cloud up level.
Long and sure:
You can go long when AVIC candles cross up cloud up level and be in position as long as AVIC candles cross down cloud down level.
Short but risky:
You can go short when AVIC candles are red and be in position as long as they are not change in colour.
Short and safe :
You can go short when AVIC candles cross down cloud up level and be in position as long as AVIC candles cross up cloud down level.
Short and sure:
You can go short when AVIC candles cross down cloud down level and be in position as long as AVIC candles cross up cloud up level.
Notice : Candles with large body are so strong but if a body candle is weak or flatten it may a signal of changing colour and direction, especially when using Heikin Ashi type.
It is the result of many years of experience in markets and there are so many details about this AVIC chart which I am in the experiment phase to publish in the future, so please help me with your ideas and do not hesitate to comment and inform me any suggestions or criticism.
BTC Arcturus IndicatorBTC Arcturus Indicator: This indicator is designed to create buy and sell signals based on the market value of Bitcoin. It also predicts potential market tops with the Pi Cycle Top indicator.
How Does It Work?
1. MVRVZ (Market Value to Realized Value-Z Score) Calculation:
MC: Bitcoin's market cap (Market Cap) is pulled daily from Glassnode data.
MCR: Realized Market Cap of Bitcoin is taken daily from Coinmetrics data.
MVRVZ: It is calculated by dividing the difference between Bitcoin's market value and realized market value by one standard deviation. This value indicates whether the market is overvalued or undervalued.
2. Reception and Warning Signals:
Buy Signal: When MVRVZ falls below the -0.255 threshold value, the indicator gives a "Buy" signal. This indicates that Bitcoin is undervalued and may be a buying opportunity.
Warning Signal: A warning signal turns on when MVRVZ exceeds the threshold value of 2.765. This indicates that the market is approaching saturation and caution is warranted.
3. Tracking the Highest MVRVZ Value:
The indicator records the highest MVRVZ value in the last 10 candlesticks. This value is used to determine whether the market has reached its highest risk levels.
4. Warning Display:
If the MVRVZ value matches the highest value in the last 10 bars and this warning has not been displayed before, a "Warning" signal is displayed.
Once the warning signal is shown, no further warnings are shown for 10 candles.
5. Pi Cycle Top Indicator:
Pi Cycle Top: This indicator predicts Bitcoin tops by comparing two moving averages (350-day and 111-day). If the short-term moving average falls below the long-term moving average, this is considered a sell signal.
The indicator displays this signal with the label "Sell", indicating a potential market top.
User Guide:
Green Buy Signal: It means Bitcoin is cheap and offers a buying opportunity.
Yellow Warning Signal: Indicates that Bitcoin has reached possible profit taking points and caution should be exercised.
Red Sell Signal: Indicates that Bitcoin has reached market saturation and it may be appropriate to sell.
Decoding the Volume of candlesThe indicator is designed for traders who are more interested in market structures and price action using volumes. Volume analysis can help traders build a clearer understanding of zones of buyer and seller interest, as well as liquidity gathering points (traders' stop levels).
Key Features:
The indicator visualizes on the chart the volumes selected according to the trader's chosen settings.
The indicator highlights candle volumes in selected colors, where the volume is greater individually than the volumes of the trader's chosen number of preceding candles. Or the volume that is greater than the sum of volumes of the trader's chosen number of preceding candles.
The indicator mark selected volumes on the chart based on the type of candle. The candle type (1, 2, or 3) is determined by its result (close) relative to other candles.
Volume marked for a type 3 candle draws the trader’s attention to the lack of results from the applied volume compared to the previous candle, indicating potential weakness of the candle’s owner. This is especially important in buyer or seller context areas.
Volume marked for a type 2 candle highlights the presence of results from the applied volume but only relative to the previous candle. In buyer or seller context areas, this can signal weakness of the candle’s owner.
Volume marked for a type 1 candle signals a strong result from the applied volume, indicating potential strength of the candle’s owner.
The marking of volumes can be displayed either on the main chart or on the volume chart, depending on the trader's preference. Colors and symbols for marking can be customized on the Style tab.
Volumes can be filtered on both the volume chart and the main chart according to their marking. This feature can be useful, for example, for traders who don’t work with signs of buyer or seller weakness. In such cases, they can filter out volumes only for type 1 candles.
Good luck exploring the impact of volumes on price behavior!
No Buyers or Sellers (Volume Threshold)This indicator shows areas on the second or minute charts that lack buyer or seller activity in the form of volume. This is configurable in the code itself by the user.
This can be used to close a trade because there is no desire shown by the market to continue the trend.
Prime OscilatorPrime Oscilator is a powerful tool designed to help traders track momentum shifts and confirm trends in volatile markets. This oscillator-based tool integrates advanced market analysis techniques to provide a clear picture of momentum and trend direction, helping traders stay in sync with the prevailing market conditions.
Core Features of Prime Oscilator
Oscillator-Based Momentum Tracking: Prime Oscilator operates as a dynamic oscillator that tracks shifts in market momentum by analyzing the relationship between the A/D line and its signal line. This allows traders to identify potential changes in market direction and confirm trend strength.
Trend Confirmation Filter: Prime Oscilator incorporates a long-term trend filter, using a 50-period Simple Moving Average (SMA) to confirm whether the market is trending upward or downward. This helps traders focus on trades that align with the broader market direction.
Adaptive Signal Line: The oscillator’s signal line adjusts dynamically to reflect short-term momentum changes, allowing traders to react quickly to evolving market conditions. This makes the Prime Oscilator highly responsive to both fast-moving and stable markets.
Color-Coded Oscillator Line: The oscillator line changes color based on the current market conditions, providing a visual cue of momentum shifts. The line remains green during upward momentum and red during downward momentum, giving traders an easy way to gauge the market direction.
How Prime Oscilator Works
Prime Oscilator blends the power of trend analysis with momentum tracking to provide a comprehensive view of market conditions. By analyzing the Accumulation/Distribution (A/D) line and comparing it to a dynamic signal line, traders can monitor momentum shifts and confirm trends.
A/D Line Crossover: The indicator uses the relationship between the A/D line and the signal line to detect potential momentum changes. When the A/D line moves relative to the signal line, it reflects shifts in market momentum, allowing traders to follow the direction of the trend.
Trend Filtering: To ensure that momentum is aligned with the broader market direction, Prime Oscilator uses a 50-period SMA as a trend filter. This confirms whether the market is in an uptrend or downtrend and helps traders avoid focusing on short-term fluctuations that go against the prevailing trend.
Why It's Useful for Traders
Prime Oscilator is especially valuable for traders looking for a reliable way to track momentum shifts while aligning their trades with the overall market trend. This reduces noise and ensures that traders focus on opportunities that are in line with broader market movements.
Momentum-Based Trend Analysis: By tracking momentum changes, Prime Oscilator helps traders stay on top of potential market shifts without the noise that comes from traditional indicators.
Clear Visual Feedback: The color-coded oscillator line provides instant feedback on market conditions, allowing traders to focus on decision-making rather than analyzing multiple indicators.
Flexible Across Markets and Timeframes: Whether you are trading in volatile markets or more stable environments, Prime Oscilator adapts to different market conditions, ensuring you always have a clear picture of momentum and trend.
Prime Oscilator is ideal for traders who:
Scalp or trade intraday: Quickly captures momentum shifts in short timeframes.
Swing traders: Identifies potential trend reversals in higher timeframes while confirming momentum strength.
Trend followers: Ensures your trades are aligned with the prevailing market trend by confirming momentum shifts.
By combining momentum analysis with trend direction, Prime Oscilator offers a dynamic view of the market, helping traders navigate changing conditions with ease.
Why It's Worth Paying For
Prime Oscilator provides several unique advantages that make it a valuable tool for traders:
Clear and Actionable Insights: The oscillator-based momentum tracking gives traders a clear understanding of when the market's momentum is shifting, allowing for more informed trading decisions.
No Lagging: Unlike some trend-following indicators, Prime Oscilator reacts dynamically to market changes, helping traders stay aligned with the current market direction.
Adaptable and Flexible: Whether you trade on shorter timeframes or hold longer positions, Prime Oscilator adapts seamlessly to various market conditions. The trend filter ensures that traders remain aligned with broader market trends.
Visual Simplicity: The color-coded oscillator line and background shading provide an easy-to-read way of monitoring market conditions, enabling faster decision-making.
How to Get Access
To gain access to Prime Oscilator , please send me a direct message on TradingView or follow the provided link to request access. Ensure that access requests are made privately so the comments section remains focused on discussions related to the script’s performance and use.
Risk Disclaimer
While Prime Oscilator offers valuable insights into market momentum and trends, it’s important to note the following:
Past performance is not indicative of future results: Prime Oscilator ’s trend and momentum analysis are based on historical data, and no indicator can predict future price movements with certainty.
Market Conditions: The effectiveness of the Prime Oscilator may vary across different market conditions, and traders should always use proper risk management when trading.
Trading Risks: Like any trading tool, Prime Oscilator should be used as part of a comprehensive trading strategy that includes risk management techniques such as stop-loss orders and position sizing.
Volume Analysis - Heatmap and Volume ProfileHello All!
I have a new toy for you! Volume Analysis - Heatmap and Volume Profile . Honestly I started to work to develop Volume Heatmap then I decided to improve it and add more features such Volume profile, volume, difference in Buy/Sell volumes etc. I tried to put my abilities into this script and tried to use some new Pine Language™ features ( method, force_overlay, enum etc features ). I hope the usage of these new features would be an example for Pine Programmers.
Lets talk about how it works:
- It gets number of Rows/Columns from the user for each candle to create heatmap
- It calculates the number of the candles to analyze. Number of the candles may change by number of Rows/columns or if any volume / difference in volumes / volume profile is enabled
- It gets Closing/Opening price, Volume and Time info from lower time frame for each candle ( it can be up to 100K for each candle )
- After getting the data it calculates lower time frame to analyze
- Then it calculates how closing price moves, how much volume on each move and create boxes by the volume/move in each box
- The colors for each box calculated by volume info and closing price movements in the lower time frame
- It shows the boxes on Absolute places or Zero Line optionally
- it shows Volume, Cumulative volume, Difference between Buy/Sell volume for each column
- it changes empty box color by Chart background color, also you can change transparency
- At this time it creates Volume Profile with up to 25 rows
- As a new Pine Language™ feature, it can show Volume Profile in the indicator window or in Main chart, shows Value Area, Value Area High (VAH), Value Area Low (VAL), and draw it and POC (Point Of Control) in the indicator window and/or in the main chart
- Honestly the feature I like is that: For the markets that are not open 24/7, it combines the data from the lower time period without any gaps. For example, if you work for a market that is closed on Saturdays and Sundays, it ensures data integrity by omitting weekends and holidays. so for example if the data is like "ABC---DEF-X---YL-Z" then it makes this data like "ABCDEFXYLZ". In this way, there will be no data breaks in the displayed boxes, there will be no empty colons, and it will appear as if data is coming in at any time.
- Finally it shows Info Panel to give info, its background color automatically changes by the Chart background color
- Important! You should set your "Plan" accordingly, your plan is "Premium or Higher" or "Lower tier". so the script can understand the minimum time frame it can get data!!
I tried to share many screenshots below to explain it much better
How it looks?
it shows Highest Buy/Sell volumes brighter, move volume -> brighter
Volume Profile ( up to 25 row s) ( number of contained candles should be more than 1 )
Volume Profile can be shown in the main chart optionally
How the main chart looks:
Closing price shown and you can enable it, change colors & line width
Can include many candles according to Row&Column number you set
Optionally it can show cumulative volume for each candle
Closing prices from lower time frame
Shows Candle Body by changing background colors
It can shows all included candles on Zero line
You can change the colors of many things
You can set Empty box and border transparency
Table, Empty box Colors adjustment done automatically by chart background color
Sometimes we can not get data from some historical candles if time frame is high such 2days, 1 week etc, and it looks like:
It also checks if Chart time frame and Chart type is suitable
Enjoy!
