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FindAlphas_Volume Hello traders, As you know, in trading two things are important: Price Action and Volume. When a stock is bullish and there is support with the volume, it is a good thing. Sometimes a stock will be accumulated before anyone gets to know about it. A slight increase in the volume might not get noticed, unless the volume is calculated to check for an increase. The script will calculate each volume bar in real time and will compare it to the previous bars. If there is a significant increase in the volume, it will be spotted, and the color will change to inform the trader. There are couple of user input fields for modifications. 1- The lookback period. Default is set to 20, but could be changed from 10 to 50. This will affect how the script is going to calculate the abnormality in the volume. 2- The other one is to see the volume as a histogram or not. 3- Volume color 4- Alpha Volume color 5- Histogram color I hope you will find it useful
Pine Script™ indicator
by findalphas
Average Proportional CapitalAverage Proportional Capital The following indicator is based on the indicator developed by Javier Alfayate, GPM manager. It is a climatic volume detector, which usually reflects the aggressive intervention of sharks and therefore has a decisive influence on the price. // Spanish Capital Proporcional Medio El siguiente indicador esta basado en el indicador desarrollado por Javier Alfayate, gestor de GPM. Es un detector de volumen climático, que suele reflejar la intervención agresiva de los tiburones y por tanto influye de manera decisiva en el precio.
Pine Script™ indicator
by AlexanderRios
2
Stock float, avg volume, pre-market info and indexes atrp, trendNASDAQ:AAPL This indicator shows the most usefull informations about the current symbol and the two common indexes (SPY and QQQ) in a table, in the upper right corner of the graph. The informations are: Symbol Float Daily average volume Average True Range Pre-market volume Pre-market change % Indexes SPY ATRP SPY trend (this value indicates how much the symbol is changing from the last X bars of Y minues. Higher values means a stronger trend) QQQ ATRP QQQ trend (same as SPY trend) The indicator is highly customizable. Here are some of the settings: Compact view Text size Every information is hidable Most of the informations have customizable warning Background color with thresholds Period/lenght of the indicators
Pine Script™ indicator
by lucafinocchio
40
True Relative VolumeRelative Volume shows traders how "in-play" a current stonk is. Works great for day traders and scalpers! Volume of Current TimeFrame's ratio to the average volume over X days back on the same time frame. ie . z = Volume at 0930-0940am over X days period divided by X rVol = current volume divided by z Dots at the bottom to indicate candles whose RVOL is morethan set minimum ratio. Yes, its only 5 and 10 minutes. Might do calculations for other timeframes if this gets a good following. Only works on US market session. 0930am to 0400pm EST. Play Strategies : - on break of support/resistance, if rvol supports action, ride direction of price action. - look for in-play names, wait for price action to return to support/resistance area on low volume then revisit if a bounce on the support/resistance line is supported by rVol again. REMINDER!!! This works only on 5 and 10 minutes TF. Dont forget to change your chart's timeframes. This script will calculate erroneously if timeframe set on script and chart's current time frame are different. Works even if extended market is enabled on your charts. It only looks at 0930 - 1600 EST bars. Enjoy! Would love to hear your thoughts.
Pine Script™ indicator
by WooHooTrades
4
Relative Volume (rVol), Better Volume, Average Volume ComparisonThis is the best version of relative volume you can find a claim which is based on the logical soundness of its calculation. I have amalgamated various volume analysis into one synergistic script. I wasn't going to opensource it. But, as one of the lucky few winners of TradingClue 2. I felt obligated to give something back to the community. Relative volume traditionally compares current volume to prior bar volume or SMA of volume. This has drawbacks. The question of relative volume is "Volume relative to what?" In the traditional scripts you'll find it displays current volume relative to the last number of bars. But, is that the best way to compare volume. On a daily chart, possibly. On a daily chart this can work because your units of time are uniform. Each day represents a full cycle of volume. However, on an intraday chart? Not so much. Example: If you have a lookback of 9 on an hourly chart in a 24 hour market, you are then comparing the average volume from Midnight - 9 AM to the 9 AM volume. What do you think you'll find? Well at 9:30 when NY exchanges open the volume should be consistently and predictably higher. But though rVol is high relative to the lookback period, its actually just average or maybe even below average compared to prior NY session opens. But prior NY session opens are not included in the lookback and thus ignored. This problem is the most visibly noticed when looking at the volume on a CME futures chart or some equivalent. In a 24 hour market, such as crypto, there are website's like skew can show you the volume disparity from time of day. This led me to believe that the traditional rVol calculation was insufficient. A better way to calculate it would be to compare the 9:30 am 30m bar today to the last week's worth of 9:30 am 30m bars. Then I could know whether today's volume at 9:30 am today is high or low based on prior 9:30 am bars. This seems to be a superior method on an intraday basis and is clearly superior in markets with irregular volume This led me to other problems, such as markets that are open for less than 24 hours and holiday hours on traditional market exchanges. How can I know that the script is accurately looking at the correct prior relevant bars. I've created and/or adapted solutions to all those problems and these calculations and code snippets thus have value that extend beyond this rVol script for other pinecoders. The Script This rVol script looks back at the bars of the same time period on the viewing timeframe. So, as we said, the last 9:30 bars. Averages those, then divides the: . The result is a percentage expressed as x.xxx. Thus 1.0 mean current volume is equal to average volume. Below 1.0 is below the average and above 1.0 is above the average. This information can be viewed on its own. But there are more levels of analysis added to it. Above the bars are signals that correlate to the "Better Volume Indicator" developed by, I believe, the folks at emini-watch and originally adapted to pinescript by LazyBear. The interpretation of these symbols are in a table on the right of the indicator. The volume bars can also be colored. The color is defined by the relationship between the average of the rVol outputs and the current volume. The "Average rVol" so to speak. The color coding is also defined by a legend in the table on the right. These can be researched by you to determine how to best interpret these signals. I originally got these ideas and solid details on how to use the analysis from a fellow out there, PlanTheTrade. I hope you find some value in the code and in the information that the indicator presents. And I'd like to thank the TradingView team for producing the most innovative and user friendly charting package on the market. (p.s. Better Volume is provides better information with a longer lookback value than the default imo) Credit for certain code sections and ideas is due to: LazyBear - Better Volume Grimmolf (From GitHub) - Logic for Loop rVol R4Rocket - The idea for my rVol 1 calculation And I can't find the guy who had the idea for the multiples of volume to the average. Tag him if you know him Final Note: I'd like to leave a couple of clues of my own for fellow seekers of trading infamy. Indicators: indicators are like anemometers (The things that measure windspeed). People talk bad about them all the time because they're "lagging." Well, you can't tell what the windspeed is unless the wind is blowing. anemometers are lagging indicators of wind. But forecasters still rely on them. You would use an indicator, which I would define as a instrument of measure, to tell you the windspeed of the markets. Conversely, when people talk positively about indicators they say "This one is great and this one is terrible." This is like a farmer saying "Shovels are great, but rakes are horrible." There are certain tools that have certain functions and every good tool has a purpose for a specific job. So the next time someone shares their opinion with you about indicators. Just smile and nod, realizing one day they'll learn... hopefully before they go broke. How to forecast: Prediction is accomplished by analyzing the behavior of instruments of measure to aggregate data (using your anemometer). The data is then assembled into a predictive model based on the measurements observed (a trading system). That predictive model is tested against reality for it's veracity (backtesting). If the model is predictive, you can optimize your decision making by creating parameter sets around the prediction that are synergistic with the implications of the prediction (risk, stop loss, target, scaling, pyramiding etc). <3
Pine Script™ indicator
by kurtsmock
71
SMART4TRADER-US STOCKSThe indicator is intended to evaluate the stock market , as it takes into account the data on the BUY and SELL of all US shares. In the indicator, you can select various methods for providing data. Priority = (BUY - SELL) with a intraday cumulative effect. Ratio = (BUY / SELL) with a intraday cumulative effect. Delta = (BUY - SELL) on each candle. Volume = (BUY + SELL) on each candle. Cumulative = (BUY - SELL) with cumulative for all available history. ------------------------------ Индикатор предназначен для оценки фондового рынка , так как в себе учитывает данные о покупка и продажах всех акций США. В индикаторе можно выбрать различные методы предоставления данных. PRIORITY = (BUY - SELL) с накопительным эффектом внутри дня. RATIO= (BUY / SELL) с накопительным эффектом внутри дня. DELTA= (BUY - SELL) на каждой свече. VOLUME= (BUY + SELL) на каждой свече. CUMULATIVE= (BUY - SELL) с накопительным за всю доступную историю на графике.
Pine Script™ indicator
by smart4trader
Baekdoo ANGNHi forks, I'm trader Baekdoosan who trading Equity from South Korea. This Baekdoo ANGN indicator plot volume when large volume trading happened. Assume that the large volume means higher than 1% of its marketcap amount. And adding ANGN (An-Na-Gan-Ni?, means "are you still there? in Korean") line for upgrade version of On Balance Volume (OBV). OBV is very good indicator but when it has long tail and short body, it can have wrong indication of buying or selling from big whales. So ANGN with large volume indicator combination would gives you better idea for the big brothers buying or selling tracker. hope this will help your trading on equity as well as crypto. I didn't try it on futures. Best of luck all of you. Gazua~!
Pine Script™ indicator
by traderbaekdoosan
2
TIL Volume by Price SRTrading Indicator Lab's Volume by Price SR is a volume-based indicator for TradingView that reveals the strongest (and weakest) support and resistance levels in the chart among 12 price zones within a given period. How It Works The Volume by Price indicator uses a spectrum of blue to red colors to differentiate the strength of the volume within a price range for each bar. Think of it as a running volume profile with 12 price zones. For each bar, the indicator calculates the rank of each price zone from the one that has the least number of volume to the highest within a given length of bars. Price zones that have less volume count are assigned colors that are closer to blue while price zones that have higher volume appear red. The indicator also marks the highest and lowest price levels in the rank with a red and blue dot which correspond to the same color code. The indicator repeats this in the next bar up to the last until it creates a stream of 12 lines that visually represent the gradual shift of volume strength in the price axis. How to Use The Volume by Price SR indicator is simple and can be used primarily to gauge support and resistance. Red lines represent price levels where there is a history of higher volume within the period, which also act as good support/resistance levels where price is more likely to be tested or bounce off. As it can also be seen as a running volume profile indicator, the red and blue dots in each bar can be considered as high volume nodes (HVN) and low volume nodes (LVN) respectively. Though the calculation of the volume profile is continuous, the HVN and LVN dots can often appear consecutively or in a series within a single price level. The price tends to linger around or test lines that has the red dot (HVN). Meanwhile price rarely cross lines with the blue dot (LVN) or not spend as much time in these areas compared to other levels. The height of the 12 price zones is determined by the difference between the highest high and lowest low of the period which can be useful in visualizing the chart's dynamic price range. Inputs - Length - sets the length of the period the indicator calculates for each bar - Line Thickness - sets the thickness of the 12 lines all at once - Dot Size - sets the size of the HVN and LVN dots
Pine Script™ indicator
by tradingindicatorlab
Correlative volume sum CTEHello colleagues, How much importance do you give to the volume traded in the candles to support your investments? And if it is important, you analyze the volume of the candle in the assets or correlated pairs to be certain if it is a volume of only that broker or of several? I would like to share and collaborate with a tool that can help to see the expanded volume, appending the accumulation of the volume traded from up to 3 brokers or exchanges. I hope this tool is helpful and allows you to make your investments with greater security. Many times we focus and analyze a single graph, discarding very relevant details present in the correlative graphs, such as the volume between them. A good way to complement your strategy is to wait for a volume reaction in the historical volume candlestick zones. I am happy to be part of this community and I hope that my presence in it will be of help, greetings to all.
Pine Script™ indicator
by CuerpoTiempoEspacio
1
Volume Forecast === Volume Forecast === The idea of "Vwap BLVD"(Closing vwap value of most recent highest volume Day of which todays price is coming in contact with above or below) is to show when you are running into "overhead supply", and or "Demand zones" on the daily chart , or intraday. You can use the Volume Forecast to check throughout the day to see if we are on pace on the current day to "beat" the Blvd's launch dates recorded volume . You can go long on positive volume forecasts toward blvd, or on the break and hold over, or you can go short against Blvd on a negative/lower forecast at the rejection of Vwap Blvd or key technical highs You can use this label tool after the open, checking periodically to see what VF% on the day were at thus far, and does today's Forecast have a positive expectancy in relation to previous high volume days in question? Or does it have a negative expectancy based on a lower forecast number than the highest volume day and possibly slow % gains over the first hour, (checking every 15min and notating increase or decrease) thus possibly failing to over come previous over head volume resistance from the highest volume day. Scenarios would be- Long- We have a previous highest volume day metric of 10Mil on the daily chart. Today we have a Small gap, high PM Volume, and First 30min Were already at 50% of a 100Mil forecast. In this scenario, i would have more confidence getting long once we have reached key support areas or broken and held prior highs or vwap of the highest volume day knowing that we are forecasting MUCH higher on the day then highest volume day previously. Short- Would be just the opposite. We have a Gapper in the morning of which has a previous high volume day of 100mil, and were interacting with that days range. low volume premarket, and out of the bell we spike but fail, and VF% is very slow to rise, and our total forecast on the day is only showing 5mil on the day total after the first 30min. I would feel confident going short against Vwap BLVD or a prior HOD from the highest volume days price range, knowing we wont have enough volume to clear the overhead volume supply. Ive also included a small table that covers AVG vol on the time frame of your current chart. RVOL and ATR as well to help ID outlier type moves. ALL METRICS INCLUDING VOLUME FORECAST CALCULATE FOR THE TIME FRAME YOUR CHART IS CURRENTLY ON. Best results and most accurate readings for Forecast have been on the 1min and daily chart. Using both time frames for cross comparison intraday to gauge the volume flow after open every 15 min for the first hour or so of market. Volume forecast DOES NOT work outside of normal market hours on trading view. It will reflect negative numbers in off hours depending on the volume done on the day in that stock and in some replay modes. This is a SIMPLE study, I wanted to KEEP it that way. So it was EASY to read, and less to be confused about. ARE WE DEALING WITH A EARLY BIG, HIGH % IN FIRST HOUR FORECAST FOR TODAY VS PRIOR HIGH VOL DAYS??? Or ARE WE DEALING WITH A LOW, SLOW BUILDING FORECAST IN THE FIRST HOUR FOR TODAY VS PRIOR HIGH VOL DAYS KEY LEVELS? The easier and simple it is to read this, the faster and cleaner you can execute. Hope you enjoy. JMF SPECIAL THANKS TO ©Rumpypumpydumpy AN AMAZING CODER IVE BEEN WORKING WITH FOR HELP WITH THE FINAL LOGIC AND CLEANING THE CODE AND VISUAL ASPECTS UP. Make sure to stop by his page here on trading view and check out some of his amazing studies. If you have any questions feel free to Dm here.
Pine Script™ indicator
by JMF_Tattoo
5
VolT by empowerTVolT is conceived to expose and alert volume volatility. Using 21-candle moving average volume values compared to the current candle volume, you can graphically see the volume as it comes in - as a percentage of the historic 1X volume moving average. Getting close to 2X or 5X of the 21-candle SMA? Just glance at the transparent plots behind the volume bars - or the actual percentage value in yellow. Never wonder again how much volume that bar is compared to previous volume - now you know. Set alerts based on the volume crossing your chosen volume SMA. You'll never be surprised that the hedgies loaded up and left you behind, because you'll be right there loading up with them. (Let me know if you need help setting the alerts...) As always, your feedback and criticisms are appreciated.
Pine Script™ indicator
by empowerZ
1
TICK and Price Action Indicator for NQ 5 minuteThis indicator for 5 minute NQ charts utilises TICK index and price action. Where TICK opens beyond +1000/-1000 this is an overbought/oversold signal. Similarly, when TICK closes below -200 it is a sell signal, and above +200 it is a buy signal. This indicator colours the NQ bars based on the closing/opening values of the previous TICK. It also draws arrows where price action (close above previous high, close below previous low) is in concordance with TICK behaviour.
Pine Script™ indicator
by GanesaPonraja
1
BE_VolumeAnalysis_ProTraders rely on volume as a key metric because it lets them know the liquidity level of an asset. If enough volumes are supplied (Buy | Sell) definitely prices respect the supplied volume. However, the word “Supplied” is here indicated as “Pressure”. If there is enough Buying pressure then sellers will be kicked out easy and vis-versa. Index traders normally refers to future contract volumes and hence we have provided an option to refer the volumes from the near expiry contracts. Mathematical calculation is involved in this study to arrive at the Appx volume for the options such as Volume Splitter. If pressure is seen from buyer side, then volumes will be shown for buyers more and similarly for sellers. Each candle will have both buyers’ volume vs Seller Volume. Similar study have be made along with some averages to arrive at the buying | Selling pressure for the Options “Volume Pressure & Vol Pres 2”. If price has to move up buying volumes should get pumped in and for prices to fall down selling volumes should be pumped in to the market. Quantum of pressure is being calculated accordingly and shown as the areas for option “Volume Pressure” and Candles for option “Vol Pres 2”. Also we have shown some additional built in indicators like OBV and Price Volume Trend along with faith plots to show the traders extra information about the volumes to take some wise trades. Note: Study involves more of price action calculations (mathematical calculations only).
Pine Script™ indicator
by TradeWiseWithEase
3
Volume Pressure AnalysisVolume Pressure Analysis is a new concept I have been working on designed to show the effort required to move price. An ideal tool for confirming trends or locating reversals early. This indicator can highlight whale action and market manipulation. It calculates volume vs volatility and displays the results as a meter: Above 0 shows how easy price action is traveling, the bigger these bars the less volume and effort is required to push price. These are indicated with a teal or red arrows and can confirm the beginning or continuation of a trend. This is the natural direction the chart wants to travel at that time. Below 0 shows how hard price is to move. The bigger these bars the more volume and effort is required to push price. When whales and market makers push price against its will these bars will get bigger. Yellow arrows signal pressure in that direction and excessive amounts of volume is required to move price. These signals can lead to reversal/ pivot points as price action struggles to continue its trend. These signals can be turned on in settings or use the overlay version of this script to display signals on chart. This is a very powerful tool when used with relative volume.
Pine Script™ indicator
by veryfid
122
Volume Pressure Analysis - OverlayVolume Pressure Analysis is designed to show effort required to move price. This script is the overlay version that displays signals on the candles as well as changes the bar colors. Yellow arrows signal pressure in that direction and excessive amounts of volume is required to move price. These signals can lead to reversal/pivot points as price action struggles to continue its trend. Red and teal arrows indicate free flowing price action where very little effort or volume is needed to push price. These signals can confirm the beginning or continuation of a trend and is the natural direction the chart wants to travel at that time. For more information please check out the main Volume Pressure Analysis indicator.
Pine Script™ indicator
by veryfid
20
Accumulation/Distribution %This script takes the signal from the Accumulation Distribution indicator invented by Larry Williams and normalizes it such that it becomes an oscillator about a zero line as described by John Bollinger in his book Bollinger on Bollinger Bands . The purpose of the indicator is to serve as a volume-based confirmation of signals given by other indicators, typically Bollinger Bands paired with a momentum indicator . In the example shown, Bollinger Bands are paired with Bollinger Bands %B and the Bollinger Bands %B indicator is interpreted similar to the Relative Strength Index ( RSI ) which is a momentum indicator . The AD% indicator is colorized such that positive readings are green and negative readings are red. The readings become darker when approaching the zero line. The colorization is also displayed on the price chart. The chart type needs to be set to "bars" for price colorization to work properly. The formula for this indicator is presented in the John Bollinger book as follows: 10-day sum of /10-sum of volume How to use (my take on a strategy from the book): 1. Look for %B readings that are oversold or overbought (less than 0.00 or greater than 1.00) 2. Check for bearish divergence or bullish convergence of price and %B as shown on the chart 3. Verify divergence or convergence with AD% 4. Note previous trending/crossover behavior of AD% and %B and compare to situation being analyzed 5. A conservative trader may consider buying/selling on a close beyond the 20-day moving average and an AD% zero line crossover (color change) 6. An aggressive trader may consider buying/selling on a color change alone, on a breakdown of %B, or some other signal(s). Securities behave differently from one another and this strategy doesn't work for all of them. As with any strategy, check past performance to make sure this approach is a good fit. Bandwidth ( volatility ) squeeze is another strategy which seems to work well for this security. For that reason, it was used to demonstrate buy signals, but squeezes aren't always so predictable. AD% may be useful for determining which direction a squeeze will resolve itself, as was the case here. Further information on volatility squeeze trading can be found in the John Bollinger book Bollinger on Bollinger Bands or online. The default TradingView Accumulation Distribution indicator does not incorporate opening price. The formula used for this indicator does, so there are multiple versions of the A/D formula. Despite the buy signal indicated, I'm not going long Hecla Mining here and I don't recommend it. I'd need to do further DD before doing so. Please feel free to ask questions.
Pine Script™ indicator
by Skipper86
16
TAPLOT Volume Pocket PivotsThis volume indicator identifies up-day volume spikes that quality as pocket pivots. A pocket pivot volume is an up day volume that is greater than the highest down volume day of the last 10 down days (AKA 10 day pocket pivot). Pocket Pivots are the work of Gil Morales and Chris Kacher. www.wiley.com www.wiley.com My study checks volume only to see if they met the pocket pivot criteria. The other stock criteria (strong fundamentals, no wedging, constructive basing, how extended price is -etc.) need to be evaluated separately. Please read author's books to fully understand how Pocket Pivots are to be used. My implementation of it in this manner is to visually give a sense of institutional buying pressure (demand). This is not a trigger indicator. Read the author's books if you want to understand the difference between a "buy-able" Pocket Pivot and non-buy-able one. Volume colors: 10 day pocket pivots are bright green bars 5 day pocket pivots are blue Regular up volume days are dark green or light gray (depending on the color scheme you choose) Down volume days are red or dark gray (depending on the color scheme you choose) You have the option to choose your volume color scheme. My charts are mainly white and black candles, so the default volume color scheme is Light gray for up day volume and dark gray for down day volume. Fee free to change that through indicator settings. Hope you find this useful. Please leave any questions you have in the comment section and I'll be happy to answer them.
Pine Script™ indicator
by TaPlot
128
Candles, average accumulation CTEHello everyone, this indicator is made to calculate the historical average cumulative volume, in the number configurable by the trader. It is used to display bullish or bearish color in relation to the accumulation of historical volumes. In the settings of the same indicator you can read the recommendations. This indicator has 4 relevant data 1- Average accumulated volume, configurable by color 2- It shows us the climatic volume, based on the considerable and configurable increase in volume, in relation to the volume of the nearby candles. 3- It shows us a smoothed moving average, acting as support or dynamic resistance, this moving average should be used as a complement for the volume analysis, for example, if the color of the last candle appears in a negative accumulation color then we must wait that has force in movement with the crossing of the moving average. In addition, this moving average is being used to perform anticipation calculations, based on short-term average accumulations of volume. 4- Anticipation calculations, the indicator shows us signs of "+" or "-" if the result of the early accumulation is being supported by climatic volume and in the same direction as the candle. I hope this indicator is very useful so that you can keep in mind a relevant data such as the volume and the ease of visualization in space and time of the graph.
Pine Script™ indicator
by CuerpoTiempoEspacio