JMF MTF historical Vwap map and static levels. What is a vwap map?
This is a Multi time frame Historical vwap heatmap. The study plots lines and maps out historical vwap zones based on closing vwap value of the time frame selected and the time frames high range. Show casing high volume concentration areas and low volume area's from each time frame chosen on chart.
Static Vwap Lines can be turned off in settings, as well as the map, you can use each individually or paired together for a more complete overview of the levels. You can also refine the search by using the "Gap %" input. This will filter out and search for average price's that have gapped up or down "X" percent from the previous days average price. Leaving you with Static vwaps and map zones from the most important "Gap Day's". This helps clean up the over all visual, but be careful choosing a higher gap percentage, that you don't lose too much granularity the map offers.
What will a "Static vwap and Map look like"
The look will vary greatly depending on where the stock is in its historical range. If the name is in a consolidation range with a lot of recent average prices directly above and below, you will have a heavy, crowded, Darker/intense heat signature from the map, You will also see levels in map mode over lapping and lines bundled together. These high traffic area's can act as great support or resistance since they are showing a congregation of historical average prices where participants have previously interacted. On the contrary, if you see "open air" in the map, or large areas of blank chart where no heat signature is mapping, this is an area of LOW volume and average prices. Current price will or can move quickly through these areas IF price accepts inside the open air range. If price does NOT accept inside the open air range, Then the blank low volume zone can and will act as support or resistance given the situation.
Capture the gaps.
I look to capture these "Gaps" created by the map and static levels both long or short. I have noticed over time that the higher time frame maps zones are WELL respected intraday, Daily, Weekly, Monthly etc. I look for areas where we are clearing a high volume zone, we break above, hold and accept into open air, and start to move through the open air zones up or down.
I also use the more granular smaller levels as support and resistance intraday while in plays.
Time frames and settings .
User has 3 inputs for seperate time frames to show. You can show a combo of all 3 timeframes, or you can show only a single time frame of your choosing, or two. Mix and match with the string input time frames.
Acceptable inputs are - 5,10,15,30,60,90,240,D,W,M,2D,4W,3M and so on. Any combination of string input timeframe should work, that means numbers (5,10,15,etc) or letters (D,W,M,etc) or combination of the two.
Look and feel
Each time frame has its own color input, transparency input, line style input, and line weight input. User can customize any of the lines or maps to their liking with a wide variety of styles, widths, and colors.
Any or all of the time frames can be enabled or disabled as well, to make the map as busy, or as calm as you would like.
Enjoy !
In the end I encourage any who tries the Heatmap to really sit down and spend some time playing around with the settings in order to find out how they like the map set up. I usually run the default settings on a intraday 5min chart, and then another instance of the study on a 15min chart with W,M,3M. plotted. That way I can see granular intraday levels, and macro long term levels in the same view. See what fit's you the best, and how you like to trade. Most of all ENJOY!
Good luck -
JMF.
IMPORTANT INFO -
As always, the creator of this code is NOT a licensed investment advisor. No output of this tool is to be taken as investment advice or a recommendation to buy or sell any security.
Trading is risky, any one using this tool acknowledges they CAN LOSE some if not all of their initial investment even with this tool enabled.
User assumes ALL RESPONSIBILITY when using this tool in their technical analysis .
X-volume
Price VolumePrice Volume measures the number of shares traded X price in a period of time.
Sometimes the Price Volume indicator is more accurate then volume indicator.
Price Volume can indicate market strength, as a market with increasing Price Volume is generally seen as strong and healthy.
When prices fall on increasing Price Volume, the trend is gathering strength to the downside.
TAS Market Profile Map [TASMarketProfile]TAS Market Profile Map (aka “ TAS Market Map ”) displays volume accumulation at price using our attractive color-coded sideways histogram overlaid onto the price data pane. Hunt for high reward-to-risk opportunities with our favorite “Alligator Jaws” chart pattern setup that reveals significant volume gaps and actionable signals. TAS Market Map can paint up to 5 Maps simultaneously across time windows customized by the user.
TAS Market Map has 4 distinct colored lines:
RED ZONE – Designates an area where there are many market participants willing to transact. This zone of red lines grouped together is known as the “value area” and contains approximately 70% of the volume transacted in that particular section of the price map within the overall Market Map.
YELLOW LINE – Each TAS Market Map will contain at least one yellow horizontal line. This line is called the “Point of Control” (POC) and it represents the price where the most executions have occurred. In the case of multiple yellow POC lines, the one that extends closest to the price axis is considered the “Master Point of Control.”
PURPLE ZONE – Represents an area where there are less people willing to transact and is referred to as being “outside of value.”
BLUE ZONE – Designates areas where there is little interest on the part of commercial or institutional professionals to transact. When these areas occur on the perimeters of the TAS Market Map, they are referred to as “runaway gaps” or “rejection tails.”
∟ THE ALLIGATOR JAWS CHART PATTERN:
A popular chart pattern utilizing TAS Market Map is called the “Alligator Jaws” setup. Due to its unmistakable appearance similar to the side profile of an alligator with its mouth open, this chart pattern seeks to exploit when there are two significant Points of Control (yellow lines) with a large volume gap in between. Enter the trade as the market breaks outside of the value area (red zone) in the direction of the volume gap (inside the open jaws), place a stop loss on the other side of the Point of Control and preferably also across the value area (red zone). Seek to take profits at either 50% of the way through the volume gap or a more optimistic target just ahead of entering the opposing jawline (red zone value area). This trading technique can be applied to both long and short side entries.
Below you will find a couple examples of this chart pattern.
∟ INPUT SETTINGS:
By default, three TAS Market Maps will appear. You can activate the 4th and 5th Market Maps easily by checking the boxes in the Input settings. TAS Market Map updates automatically at the close of each bar after it has calculated all of the volume from the closed bar in addition to the completed OHLC data (Open, High, Low, Close). This happens in a matter of seconds at each bar close. The analysis is not static, but rather a rolling period of analysis at each bar close.
THERE ARE 3 SETTINGS FOR EACH MARKET MAP :
>>> # of Lines – This represents how many horizontal lines you want to comprise the Market Map so it generates a transparency customization. The default is 50 lines. If you increase the number to, for example 100, then the Market Map will appear more prominent and less transparent on the chart. Similarly, a lower input setting would remove lines and make it more transparent.
>>> BarStart – This setting dictates the starting point for that particular Market Map analysis based on the number of bars from the current bar. The default is 50 bars so this means the start of the 1st Market Map begins 50 bars from the present. At the close of each new bar, the analysis rolls to the most recent 50 bars automatically. Therefore a setting of 100 would start the analysis based on the most recent rolling 100 most recent bars.
>>> BarStop – This setting dictates the end point for the analysis of that particular Market Map. By default, the 1st Market Map will have a 0 which means it runs analysis through to the most recent bar.
OTHER NOTES ABOUT SETTINGS:
You’ll notice that by default the input settings for BarStart and BarStop for all 5 of the Market Maps are set to 50 bar increments and don’t overlap. For example the StopBar of Market Map #2 is 51, whereas the StartBar for Market Map #1 begins at 50. It is best practice to have consistency regarding the number of bars from the start and stop of the analysis.
Although not as popular, if you want to flip the orientation of the Market Map to paint from right to left instead of the default left to right, simply change the StartBar to 0 and StopBar to 50 and you’ll achieve this preference.
∟ INTERPRETATION AND RULES:
When the market is inside the red zone “value area” of the Market Map, it tends to move sideways within the range of the zone. Therefore you can look to enter trades near the top and bottom of the red zones with potential exits near the POC (yellow line) or opposing side of the red zone value area.
When price does break and close outside the value area zone, then the value area zone becomes new support or resistance and this can be leveraged for trailing stops. The most aggressive trailing stop would be after the market has penetrated into open space away from the value area, moving the stop to just back inside the value area. This would significantly reduce the trade risk.
The use of multiple Market Maps allows the trader to anticipate upcoming areas of support and resistance when the market moves beyond the scope of the current 1st Market Map. Historical Market Maps provide valuable information regarding where commercial interest existed in the past and likely to revisit in the future.
When multiple Market Maps form and the value areas align or overlap across their respective different time windows, these tend to be significant attraction zones for the market and a trader can expect sideway trading within the red value areas zones. Prudent trading is to observe the market conditions present and you the trader must adapt your trading mode to match, or not trade at all. In other words, you must trade the range during times when the market is in the value area zones and trade breakout when confirmed moves occur outside the value area zones.
In the case of a Market Map that develops “multiple distribution” areas (i.e. multiple developed value areas within Market Map), we anticipate a trending move
with price continuing in the direction the value areas are forming in relation to one another and in relation to the direction multiple Market Maps are forming.
Example of multiple Market Maps forming lower and revealing the bearish market trend:
Trade Well My Friends,
Volume with forceThis indicator shows the classic stock volume chart with a plottable 20 periods SMA line. Along with this, it shows to the top right of the pane a percent, showing the current "volume force".
This force is calculated as the SMA of the last 3 volume candles excluded the current candle (only counts finished candles) and then compare it with the standard 20 periods volume SMA.
Some examples for a better understanding:
A value of 200% means that the SMA of last 3 candles is equals to 2 times of the 20 periods volume SMA
A value of 100% means that the SMA of last 3 candles is equals to the 20 periods volume SMA
A value of 50% means that the SMA of last 3 candles is equals to 1/2 of the 20 periods volume SMA
A value of 25% means that the SMA of last 3 candles is equals to 1/4 of the 20 periods volume SMA
If the value is above 100%, the background will be green, red otherwise. A green value means that the symbol is having a nice volume income.
Customizable settings
Timeframe: the main TF to plot volume and calculate force
MA Length: the length of the standard volume SMA to plot (and to compare for the force calculation)
Diff force length: the length of the last candles (excluded the current candle) to compare with the standard volume SMA
Show moving average: if checked, plots the standard SMA
Show volume force: if checked, shows to the top right the volume force
Volume Histogram [SpiritualHealer117]This indicator is a histogram produced with Pinescript's boxes and is helpful for spotting support, resistance, and key levels. The indicator shows the volume executed at each source price over a customizable time period. The "Key Level" in this indicator is the price at which the most volume was executed, and the "Major Levels" are levels where volume was over a percentile threshold, which you can customize in settings. Feel free to give any feedback on the indicator or make a copy for yourself!
Daily Volume, RVol, RRVol, and RS/RW LabelsHeads-up display of essential Real Day Trading criteria
Daily Volume
Relative Strength/Weakness
ATR 14 and ATR 14 percent of price
Relative Volume (RVol)
Relative Volume to SPY RVol (RRVol)
Sonarlab - Volume ProfileThis Volume Profile is a charting tool that traders use to show the traded volume amount over a given time period. The reason we build this volume profile indicator is to confirm S&D zones and show where the most volume is resting in a specific given time.
Settings
- Auto Placement: Option to have the Volume Profile automatically placed
- Manual Placement: Able to place and move the Volume Profile anywhere of your choosing
- Bull vs. Bear Candle Style
- Up/Down Candle Style
- Highlight Point of Control (PoC)
Usage:
Focused on combining with SMC:
When trading SMC, normal volume profiles can be confusing and hard to trade - since it will catch the volume on the overall chart you're on. When trading SMC, we are interested in catching specific parts in a range which defines supply or demand.
What makes this volume profile different?
The Sonarlab Volume Profile is focused on combining with SMC, integrated with Smart Money Concepts (SMC) levels, such as the Swing High and Low levels. The Indicator will automatically find the most applicable position using our custom Swing Levels to provide users with maximum utility with zero effort. Where other volume profiles are more focused on overall volume, this volume profile is focused on volume in a specific range on automation using swing points in the market.
As in this example, the high volume areas are matching with traditional supply and demand zones. The price level with the most volume is highlighted by the "point of control" (POC), displayed by the yellow line. We can consider price will react from those "high volume" areas and trade more easily through "low volume" areas.
CryptoCoelloESP----El indicador CryptoCoello es un indicador basado en scalping, se recomienda usar en tendencias de 1,3,5 minutos. Útil para todo tipo de activos y gráficas. El indicador dará una señal de compra cuando el precio haya tenido un desplome grande y llegue a puntos de sobreventa en RSI, RSI stochastic y Volumen diario. Dará señal de compra cuando las 3 sobreventas confluyan. Lo más probable es que el precio rebote en el corto plazo. La única que vez que no funciona es cuando hay un desplome en el activo y por lo tanto da señales falsas mientras sigue bajando, así que es recomendable que entres en la señal de compra solo una vez, si el precio sigue bajando y sigue dando señales no sigas abriendo compras, si se trata de un desplome posiblemente te llegue a dar de 1-4 señales falsas de compra. Los puntos de venta se recomiendan hacer cuando el RSI llegue a sobrecompra o cuando el precio llegue a la línea verde superior del indicador. Se puede usar el indicador solo o se puede usar el indicador como confluencia de tu propia estrategia. EL FUNDAMENTO DEL INDICADOR es ENCONTRAR CONFUELCIAS DE SOBREVENTA en los INDICADORES.
ENG----The CryptoCoello indicator is an indicator based on scalping, it is recommended to use in trends of 1,3,5 minutes. Useful for all types of assets and graphics. The indicator will give a buy signal when the price has had a big crash and reaches oversold points on RSI, Stochastic RSI and Daily Volume. It will give a buy signal when the 3 oversold come together. Most likely, the price will bounce in the short term. The only time it does not work is when there is a crash in the asset and therefore it gives false signals while it continues to fall, so it is recommended that you enter the buy signal only once, if the price continues to fall and continues to give signals do not continue to open purchases, if it is a crash it may give you 1-4 false purchase signals. Sell points are recommended to be done when the RSI becomes overbought or when the price reaches the upper green line of the indicator. You can use the indicator alone or you can use the indicator as a confluence of your own strategy. THE RATIONALE OF THE INDICATOR is TO FIND OVERSOLD CONFUELCIAS in the INDICATORS.
Buy_Sell_Vol_with_50EMAThis indicator displays both buyer and seller volume with the 50 Exponential Moving Average (50 EMA).
Courtesy of, The Compound Trading Group.
3LS | 3 Line Strike Strategy [Kintsugi Trading]What is the 3LS | 3 Line Strike Strategy?
Incorporating the 3 Line Strike candlestick pattern into our strategy was inspired by Arty at The Moving Average and the amazing traders at TheTrdFloor .
The Three Line Strike is a trend continuation candlestick pattern consisting of four candles. Depending on their heights and collocation, a bullish or a bearish trend continuation can be predicted.
In a symphony of trend analysis, price action, and volume we can find and place high-probability trades with the 3LS Strategy.
How to use it!
----- First, start by choosing a Stop-Loss Strategy, Stop PIP Size, and Risk/Reward Ratio -----
- Stop-Loss Strategy
Fixed PIP Size – This uses the top/bottom of the indicator candle and places a TP based on the chosen Risk:Reward ratio.
ATR Trail (No set Target Profit, only uses ATR Stop)
ATR Trail-Stop (Has set Target Profit, however, stop is based on ATR inputs)
**If you choose an ATR Stop-Loss Strategy - input the desired ATR period and Multiple you would like the stop to be calculated at**
**ATR Stop-Loss Strategies have a unique alert setup for Auto-Trading. See Auto-Trading Section**
- Risk/Reward Ratio = If you have a .5 risk/reward, it means you are risking $100 to make $50.
- Additional Stop PIP Size = Number of PIPs over the default stop location of the top or bottom of the indicator candle.
----- Next, we set the Session Filter -----
Set the Timezone and Trade Session you desire. If no specific session is desired, simply set the Trade Session to 00:00 - 00:00.
----- Next, we set the Moving Average Cloud Fill -----
Enter the Fast and Slow Moving Average Length used to calculate trend direction:
MA Period Fast
MA Period Slow
These inputs will determine whether the strategy looks for Long or Short positions.
----- Next, we set the VSA – Volume Spread Analysis Settings -----
Check the box to show the indicator at the bottom of the chart if desired.
This is just a different visual output of the VSA | Volume Spread Analysis indicator available for free under the community indicators tab. You can add that indicator to your chart and see the same output in candle format.
In combination with the Moving Average Cloud, the Volume Spread Analysis will help us determine when to take a trade and in what direction.
The strategy is essentially looking for small reversals going against the overall trend and placing a trade once that reversal ends and the price moves back in the direction of the overall trend.
The 3LS Strategy utilizes confirmation between trend, volume, and price action to place high probability trades.
The VSA is completely customizable by:
Moving Average Length
MA-1 Multiplier
MA-2 Multiplier
MA-3 Multiplier
Check out the VSA | Volume Spread Analysis indicator in the community scripts section under the indicators tab to use this awesome resource on other strategies.
----- Next, we have the option to view the automated KT Bull/Bear Signals -----
Check the boxes to show the buy-sell signal on the chart if desired.
----- Next, we set the risk we want to use if Auto Trading the strategy -----
I always suggest using no more than 1-3% of your total account balance per trade. Remember, if you have multiple strategies triggering per day with each using 1%, the total percent at risk will be much larger.
For Example – if you have 10 strategies each risking 1% your total risk is 10% of your account, not 1%! Be mindful to only use 1-3% of your total account balance across all strategies, not just each individual one.
----- Finally, we backtest our ideas -----
After using the 'Strategy Tester' tab on TradingView to thoroughly backtest your predictions you are ready to take it to the next level - Automated Trading!
This was my whole reason for creating the script. If you work a full-time job, live in a time zone that is hard to trade, or just don't have the patience, this will be a game-changer for you as it was for me.
Auto-Trading
When it comes to auto-trading this strategy I have included two options in the script that utilize the alert messages generated by TradingView.
*Note: Please trade on a demo account until you feel comfortable enough to use real money, and then please stick to 1%-2% of your total account value in risk per trade.*
AutoView
PineConnector
**ATR Auto-Trading Alert Setup**
How to create alerts on 3 Line Strike Strategy
For Trailing Stops:
1) Adjust autoview/pineconnector settings
2) Click "add alert"
3) Select "Condition" = Strategy Name
4) Select "Order Fills Only" from the drop-down
3) Remove template message text from "message" box and place the exact text. '{{strategy.order.alert_message}}'
4) Click "create"
For Fixed Pip Stop:
1) Adjust autoview/pineconnector settings
2) Click "add alert"
3) Select "Condition" = Strategy Name
4) Select "alert() function calls only"
5) I like to title my Alert Name the same thing I named it as an Indicator Template to keep track
Good luck with your trading!
VSA | Volume Spread Analysis [Kintsugi Trading]What is the VSA | Volume Spread Analysis Indicator?
I created this premium volume indicator to find and place high probability forex trades as a part of the Kintsugi Trading 3LS | 3 Line Strike Strategy .
Originally developed by Tom Williams who is considered the father of Volume Spread Analysis, this tool is an amazing indicator and would make a great addition to any trading strategy.
You are free to customize all the inputs:
• 30 | Moving Average-1 Multiplier (Average Volume)
• 0.5 | Moving Average-1 Multiplier (Below Average Volume)
• 1.5 | Moving Average-2 Multiplier (High Volume)
• 3.0 | Moving Average-3 Multiplier (Ultra High Volume)
**Note The default inputs are based on my research and analysis.
Components of The Volume Spread Analysis:
1. The Volume (i.e. activity)
2. The Spread (i.e. range of the price bar)
3. The Close (the closing price of the current bar)
Volume: Volume is the activity of the frequency of transaction of the price change during a specified period of time.
Spread: Spread is the difference between opening and closing price.
Close: Close price tells us where the balance point is at the end of the period.
At Kintsugi Trading we strongly believe that we cannot beat or outperform institutional traders, instead, we have to trade along with them. With that in mind, we follow the footprints of smart players who leave behind trails.
I have designed this indicator so that it is capable of giving signals for all the phenomena explained in Tom William's book.
This Indicator is successful at visualizing the following phenomenon:
• Trapped Buyers
• Trapped Sellers
• Stopping Volume (long)
• Buying Climax
• Selling Climax
Good luck with your trading!
Banknifty Volume - IN
This simple indicator computes the average Relative Strength Index of each Banknifty stock and displays the volume on the chart with color schemes while the average line indicates the average RSI of all Bank Stocks. This indicator works on Banknifty and its stocks.
It works on all time frames
How You can use this?
You can use this indicator for Volume analysis if the average RSI line is above the 0 line, the stock is moving upside and vice versa for Downside .
Climatic Volume Study (CVS) [JoseMetal]============
ENGLISH
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- Description:
This indicator is similar to my previous volume indicator called "ADVO" (check my profile!), which determines accumulative and distributive volume (buy/sell, bullish/bearish candles), but instead of using ALL the volume it only uses CLIMATIC VOLUME candles filtered by SMA.
There's an option to ignore wicks (which is ENABLED by default), a big volume but small-doji candle doesn't tell too much.
- Visual:
1. Histogram: it shows bullish/bearish (aqua/yellow) climatic candles based on the volume SMA, when the volume of a bar exceeds the SMA. The bar shows up to +100% exceeding volume, more than that it shows a lime/red bar which is also wider.
2. Now we have 2 EMAs, one for accumulative climatic volume (blue) and other for distributive climatic volume (orange).
3. Differential EMA, the wider one, it takes different colors, green whenever the accumulative (blue) EMA is above the distributive one (orange), and red in the contrary case, this EMA is centered so the 50 point of the indicator is it's center, above 50 means accumulative/bullish (green) and below means distributive/bearish (red).
4. And to make all of this even more visual the background color has lime/red colors for crossovers on the EMAs (which is the same as the differential EMA color change), and whenever the accumulation/distribution continues we have a darker green/red color.
*As the indicator ONLY takes climatic volume candles, in some cases (i.e.: if you set the EMAs length too short) there may be a 0 result on the calculations, this plots the background in GRAY.
- Customization:
As usual in my indicators, everything is customizable, you can pick yours, settings, colors, figures etc.
- Usage and recommendations:
Default settings work good, smaller timeframes are usual a better idea to process volume indicators (like checking in 15 min what's happening under the curtain even if you're trading in 1-4H).
You can make the indicator more aggressive by reducing the SMA periods to 7, or more "situational" (check the current environment) to 25.
Same for the climatic volume EMAs, 15-25-50 are nice values., remember not to set it lower or there can be "neutral" areas with no result due to no climatic candled in range.
Enjoy!
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ESPAÑOL
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INGLÉS
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- Descripción:
Este indicador es similar a mi anterior indicador de volumen llamado "ADVO" (¡revisa mi perfil!), que determina el volumen acumulativo y distributivo (velas de compra/venta, alcistas/bajistas), pero en lugar de utilizar TODO el volumen sólo utiliza velas de VOLUMEN CLIMÁTICO filtradas por SMA.
Hay una opción para ignorar las mechas (que está HABILITADA por defecto), una vela de gran volumen pero que se queda en una doji no nos dice demasiado.
- Visual:
1. Histograma: muestra velas climáticas alcistas/bajistas (cian/amarillo) basadas en la SMA de volumen, cuando el volumen de una barra supera la SMA. La barra muestra hasta un +100% de volumen excedente, más que eso muestra una barra de color lima/rojo que también es más ancha.
2. Ahora tenemos 2 EMAs, una para el volumen climático acumulativo (cian) y otra para el volumen climático distributivo (naranja).
3. EMA diferencial, la más ancha, toma diferentes colores, verde siempre que la EMA acumulativa (cian) esté por encima de la distributiva (naranja), y rojo en el caso contrario, esta EMA está centrada por lo que el punto 50 del indicador es su centro, por encima de 50 significa acumulativa/alcista (verde) y por debajo significa distributiva/bajista (rojo).
4. Y para hacer todo esto aún más visual el color de fondo tiene colores lima/rojo para los cruces en las EMAs (que es lo mismo que el cambio de color de la EMA diferencial), y siempre que la acumulación/distribución continúa tenemos un color verde/rojo más oscuro.
*Como el indicador SOLO toma velas de volumen climático, en algunos casos (por ejemplo: si se pone la longitud de las EMAs demasiado corta) puede haber un resultado 0 en los cálculos, esto dibuja el fondo en GRIS.
- Personalización:
Como es habitual en mis indicadores, todo es personalizable, puedes elegir configuración, ajustes, colores, figuras, etc.
- Uso y recomendaciones:
La configuración por defecto funciona bien, las temporalidades más pequeñas son generalmente una mejor idea para procesar los indicadores de volumen (como comprobar en 15 min lo que está sucediendo bajo el telón, incluso si estás está operando en 1-4H).
Puedes hacer que el indicador sea más agresivo reduciendo los períodos de la SMA a 7, o más "situacional" (comprobar el entorno actual) a 25.
Lo mismo para las EMAs de volumen climático, 15-25-50 son buenos valores., recuerda no ponerlo más bajo o puede haber zonas "neutras" sin resultado debido a que no hay velas climáticas en el rango.
¡Que lo disfrutéis!
Realtime Volume Analysis ToolbarThis script displays an intrabar volume analysis in realtime
displayed data is the following
Total volume
Up volume
Down volume
Delta
Buyers %
More options will be added in the future, at least customization of the colors.
Volume Trend Meter LTFA new take to an already popular indicator of mine, now with lower time frame support for a volume called Volume Trend Meter LTF (VTML).
The VTM LTF indicator measures the volume pressure at a specific part of the candle (Start, Middle, or the end of the candle) and displays it as a histogram.
This indicator sums up all green candle volumes and red candle volumes over the selected part of the candle (Select in settings - start end or middle) and plots their values by subtracting increasing volume and decreasing volume.
Use this indicator to identify increasing volume with the green candles (close bigger than open) and increasing volume of the red candles (close is smaller than open).
Can also work on daily charts and higher.
======= Calculation ==========
For Green Column: The total Volume of green candles is higher than the total red candle volume.
For Red Column: The total Volume of red candles is higher than the total green candle volume.
======= Volume Trend Meter LTF Colors =======
Green: Increasing buying pressure.
Red: Increasing selling pressure.
My original VTM (not the lower time frame version):
Like if you like and Follow me for upcoming indicators/strategies: www.tradingview.com
Volume Spread for VSA CustomHey everyone, I have been using volume a lot more lately as price action can sometimes get manipulated but volume shows us the truth!
Anyways, I have enjoyed the Volume Spread for VSA indicator but wished I had the code to change a few settings. This volume indicator includes spread analysis with the ability to customize input values and I'm making it open source so you can do with it as you please.
I have made notes all throughout the code to give suggestions on a few changes or why I have written it in such a way. I have also tried to section everything off to make it easier to see where each piece of the code is used. Overall I think it is a good example of how to code cleanly and how to add useful notes when you are learning Pine for yourself :D
The indicator on the price chart is my Donchian Channel indicator, which you can also find on my profile. This is the one I use every day.
Intraday predictive High Volume Activity sessions [BEA]Idea:
This indicator is designed to know the high traded volume sessions in advance before the day starts.
The predictive volume bars will be plotted in advance once a new trading session starts.
Logic Used:
The basic idea is to store each bar volume / Volume MA data for the selected time. So, the first bar of each data is stored for all selected historical days.
Once the data is stored, I am taking average of each bar data for the selected Historical days.
How to Use:
This gives me an idea of the volume behavior throughout the days based on historical data. So I decide my time of trading for that specific times sessions where the traded volume activity is high.
The bars which are more than the Moving average ( Highlighted Volume bars plotted in future ) is the time session to focus.
Designed only for intraday timeframes.
Here in the image, you can see the session in advance for high traded volume activity.
Try it test it , let me know if it can be improved further.
Have a happy trading.
DISCLAIMER
Any and all liability for risks resulting from investment transactions or other asset dispositions carried out by the user based on information received or a market analysis is expressly excluded by me.
All the information made available here is generally provided to serve as an example only, without obligation and without specific recommendations for action. It does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
Do your own research, this is not a financial advice.
Volume Spike Up - VSU
This indicator detects abnormal spike up of volume (Vol) and analyze price action in a very specific manner. so it may give us high probability wining setup.
It was build for BUY setup only, it's good for crypto market and you also can use for stock market but it is not suitable for FOREX.
The default setting values is 4H time frame, use can adjust value for any time frame you want.
I had combined 3 strategies in one indicator:
1. Base on EMA or break from sideway area
2. Looking for a reversal point (High risk and you can use or ignore it)
3. Enter below Bollinger Band (High risk and you can use or ignore it)
If your trading timeframe from 1H and above you should use 1 and 2, if below 1h you should use all.
How it works
The first you have to decide your trading timeframe to select which strategy to use then hide other unnecessary lines , because they may make you confusing.
- "Base on EMAs or break from sideway area" when price near EMAs if have abnormal Vol with good price action, indicator will gives a signal, color of signal depend on how big of Vol.
- "Looking for a reversal point" when price blow of 60 candle if have buying Vol over Vol MA50, signal will be appeared.
- "Entering Below Bollinger Band" when price entering below Bollinger Band with big Vol, signal will be appeared.
Signal show us the Vol spike up only, it's not an Entry, so you have to consider and combine with other indicators to make your own decision.
Stop loss line suggest you should Cut Loss for your position at this price, if you have skill you may hide it.
These settings can be customized however you like. You can enable or disable high risk strategies, you can change timeframe to any period you want, enable or disable trend following.
you can adjust your stop loss distance, and you can adjust the limit rules for signal.
This version is basic and free, it only contain alert for one signal "Volume spike up".
Auto Support & Resistance Volume Based + ScannerThis indicator tracks large marker maker orders and draws support & resistance levels based on where those orders came in. It allows you to track what the market makers are doing and place your trades in line with them. Look for the lines to suck up to the price and that will show you where large orders are coming in which is where reversals will happen or trend continuation will happen at an accelerated rate. The fat lines are higher timeframe volume spikes and major volume spikes. Look for bounces off of these fat lines. The fatter the line, the bigger the volume spike. The skinny lines are minor volume spikes over shorter time periods. These can be viewed as short term support and resistance levels and consolidation zones.
***HOW TO USE***
Look for bounces off of the fat lines and place trades accordingly. Those levels are where the market makers placed their orders and you will notice how well price reacts to these levels.
Look for the lines to suck up/down to the price. This shows you where volume is coming in which typically means a reversal is about to happen. If a reversal doesn’t happen, then the trend will continue its original direction, but usually move faster. Wait for these lines to suck up to price before trying to buy the bottoms or sell the tops. If you can have the patience to wait for this to happen, it will keep you out of a lot of choppy price action and give you very good places to take trades that move quickly.
When all the levels suck up to the price and all the colors change to red from green or green from red, it is an indication of market sentiment changing and the trend will likely reverse.
For best results, use this on charts for exchanges that have the highest volume and the most institutional buyers as those will give better levels since there are more market makers on those exchanges. Use exchanges such as NYSE, ARCA and NASDAQ for stocks and use COINBASE, BINANCE, MEXC perpetual futures charts or PEPPERSTONE for crypto.
If price breaks out or down from the group of levels and no lines suck up to the price, then it is a low volume breakout and price usually comes right back to the support and resistance levels so beware when this happens.
If there are no levels near the current price, look at the previous levels in that price range as those are still very relevant areas.
You can also draw trendlines from recent high and low points of the lines where they changed, which works very well for finding tops/bottoms in confluence with the real time s&r levels.
I recommend looking at higher timeframes and drawing horizontal lines where the fat lines are that extend for a long period of time. Then you will have those levels on your lower timeframe charts so you don’t miss any major levels that price will likely bounce off of.
Make sure you spend some time looking back at historical data so you can get a feel for how this indicator reacts to volume spikes before using it.
***HIGHER TIMEFRAMES***
This indicator scans higher timeframes for volume spikes, so make sure you update the higher timeframes used when looking at anything higher than the 1 minute timeframe as that is what the settings are optimized for. You can create new chart layouts for each timeframe you use frequently and save your settings on each chart so that you don’t have to update those settings when you switch timeframes.
***SCANNER***
The table at the bottom of the screen scans 8 other tickers for volume spikes. When a volume spike is detected, the color of that ticker will change from blue to orange to notify you. You can customize which tickers the indicator scans within the indicator settings. Make sure to save your chart layout with your updated tickers so you don’t have to change them frequently. Input all tickers from a certain sector to see how that sector is performing overall which can help give you a good idea of the sector as a whole. Save a different chart layout with each different sector you want to scan so you don’t have to switch the tickers frequently.
***ALERTS***
This indicator is set up with alerts that can be turned on to notify you of volume spikes on the ticker that the chart is set to.
***CUSTOMIZATION***
You can customize the colors of the lines and backgrounds in the indicator style tab. You can also turn off the scanner if you want to within the indicator input tab. The tickers to scan can be customized to suit your preferences within the indicator input tab. The higher timeframes used can also be adjusted within the indicator input tab.
***MARKETS***
This indicator can be used on all markets that have volume data, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This indicator can be used on all timeframes as long as there is enough data for the session used.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Trend Friend Signals, Volume Profile with Buy & Sell Pressure, RSI Scalper Ribbon and Auto Support & Resistance with Wick Signals to find those major levels that are not associated with volume spikes in combination with this volume based auto support and resistance indicator.
PulseVolume can help confirm signals we might discover using other methods of technical analysis .
This indicator's logic spots above-average turnover and then tests against the price change. Pulse highlights sessions with heavy volume and directional moves. This can help take out the noise and help confirm the trend.
All-in-one CPR indicator Introduction and Acknowledgement:
The script is basically a mashup script and provides a combined functionality of various indicators. I'll explain the usefulness and the optimal usage of the script after giving the credits where it is due. A CPR indicator for visually identifying the trend along with the strength of the trend is NOT available in the public library of TradingView. Hence, the need of this indicator.
The credit of creating the original indicators remain unknown to me but I would like to acknowledge the authors whose formulae and codes I have used for creating this mashup indicator.
- Frank Ochoa
- Guruprasad Meduri
- Rafael Zioni
- Stoked Stocks
- Pine team for default indicators
The prime focus of the script is identifying and simplifying the 2 main aspects of a trend:
1. Direction / Underlying trend
2. Strength of the trend
Flaws in traditional CPR:
Some may see this as a flaw, some may not. So take my opinion with a grain of salt. In general, the traditional CPR indicator is used to plot just support and resistance levels, and the trend identification is purely discretionary. In addition to this, there is no way to assess the strength of the move without using a dedicated volumed based indicator. This causes amateur traders to take counter trades to the market direction.
What is the need of this hybrid indicator?
A CPR indicator that also aids in visually identifying the trend and the strength of the trend with respect to the price action in NOT available in the public library of TradingView. The traditional CPR can be used to assess the rough direction of the market but if it combined with the Hull ribbon, the probability of identifying the trend increases manifold. Hence, I decided to create this mashup indicator.
In addition to the basic CPR pivots, the script provides the functionality of the following indicators:
1. HMA based trend ribbons with auto buy/sell signals
2. Volatility based bands - Bollinger bands, Keltner channel, Donchian channel, envelope.
3. Coloured volume candles to determine the strength of the trend
4. CPR with daily, weekly, and monthly levels
5. Previous day high/low
6. Tomorrow CPR
7. 3 Simple moving averages
8. Volume Weighted Average Price (VWAP)
Correct usage of the indicator:
The optimal usage of the indicators consists of mainly 2 parts:
1. Identification of the trend using the combination of CPR and Hull ribbon
2. Determining the strength of the trend
How to identify the trend?
In general, when the price is above CPR it is considered a bullish trend. Also, when the price is above the Hull ribbon, it is considered bullish. Reverse is true for a bearish trend. Combining the traditional CPR logic with the Hull trend ribbon, we can conclude that:
1. Bullish trend = Price above CPR and above the Hull ribbon
2. Bearish trend = Price below CPR and below the Hull ribbon
If the Hull ribbon is showing a zig-zag move, the trend will be sideways. Also, the time frame of the Hull ribbon can be defined as per the need of the user.
Exhibit: Identification of a bullish trend
Exhibit: Identification of a bullish trend with a contra move (pullback)
Exhibit: Identification of a bearish trend
Exhibit: Identification of a bearish trend with a contra move (pullback)
How to determine the strength of the trend?
1. Strong trend = The dark coloured candles represent volume more than 150% of the look back period. For instance
2. Moderate trend = The bright coloured candles represent volume between 50-150%.
3. Neutral trend = The Grey coloured candles represent a weak trend where the volume is less than 50%.
Exhibit: Identification of a strong bearish trend along with the trend direction
Exhibit: Identification of a strong bullish trend using only coloured candles
All the other indicators including the SMA, VWAP, Bollinger bands, Keltner channels, etc. can be used as per the taste of the trader.
Thanks for reading! I hope you find this indicator useful.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
Bitcoin Indicator CBitcoin Indicator C is the missing part of the whole picture. It must be used together with Bitcoin Indicator B for the best results possible!
Indicator B is to find the entry on the market sharp, while the new Indicator C will help you to find the zone where it's time to look for the entry. The dots do NOT represent the start nor the end of the trend, they only show the cross of the waves. Indicator C was created to see the bigger picture of the market. You will see 3 waves on the indicator. The white wave is the main indication of the trend, however all of them should be considered together. Think about it as a painting so just step back and watch the whole picture. If you see the waves topping and start to form a downtrend it's time to find your entry on Indicator B. Also when you see waves bottoming it's time to look for the entry of the Long trade.
When all of 3 waves moving together parallel from the top to the bottom that's a strong downtrend. Opposite occurs when there is a strong uptrend on the market.
These waves were created to show unique repeating patterns, too. For example: White wave bottoming while others keep painting on the upside of the zero line. Other example if repeating waves getting lower and lower... Learn more about unique patterns on our website!
Artharjan Volume AnalysisHi,
I have created Artharjan Volume Analysis indicator dashboard which gives following information about the volume to the traders.
It has two rows. The first row containing volume information is for the Daily Timeframe and the second row containing volume information for any other timeframe of your choice (Basically Chart timeframe)
It gives following information about volume to the traders.
1] Current Volume in Lakhs (Not in Millions) since this script was made keeping in mind Volumes of the Scripts traded in Indian Stock Exchanges. 1 Lakh = 1,00,000
2] Change from its previous Volume. If the change is positive it will be highlighted in Green else in Red.
3] 25 period SMA of the Volume (This period is a Long Term Moving Average and its a customizable parameter which can be changed in Indicator Settings)
4] Current Volume as a percentage of Long term SMA( Volume). If the percentage is positive it will be highlighted in Green else in Red.
5] High Volume during the Lookback period
6] Low Volume during the Lookback period
7] Is current Volume equal to Min Level or Max Level? Or its between Min Max Levels.
8] Is the current Volume rising over past 5 candles or is it falling over past 5 candles or its Swinging? (Short Term Period which is a customizable parameter and it can be changed in the Indicator Settings)
9] Current Volume as a percentage of Short term SMA( Volume). If the percentage is positive it will be highlighted in Green else in Red.
The 1st row will be shown only when the Chart Timeframe is a Daily Timeframe.
The 1st and the 2nd row will be shown only when the Chart Timeframe is not a Daily Timeframe.
With this information regarding volume, traders can identify whether the current volume is at its Highest Levels or at its Lowest Levels, can identify whether volume is rising or volume is falling in accordance to the price action and then take trading decisions.
I hope you would enjoy using this indicator in your day to day trading journey.
Regards
Rahul Desai
@Artharjan.
