Fibodex TrapFibodex Trap indicator
this indicator designed by the Fibodex team
you will receive dump and bump singles buy using this indicator
also, you will receive buy and sell signals
indeed by using our indicator you won't need many technical analyses
The accuracy of the indicator with the correct settings is estimated to be more than 70%
also, we are trying to improve it to make it more accurate
notice that this indicator should be used as a secondary tool
By using this indicator, you also accept the risk of using it.
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اندیکاتور تله توسط مجموعه فیبودکس ایده پردازی و کد نویسی شده است.
شما با این اندیکاتور قادر خواهید بود تا سیگنال های پامپ و دامپ و همچنین خرید و فروش را دریافت نمایید.
دقت اندیکاتور با تنظیمات صحیح بیش از 70 درصد تخمین زده شده است که مجموعه فیبودکس در جهت بهبود و افزایش دقت آن تلاش خواهد کرد.
به یاد داشته باشید که از این اندیکاتور به عنوان کمکی و دریافت تاییده کمک بگیرید .
شما با استفاده از این اندیکاتور ریسک استفاده از آن را هم می پذیرید
X-volume
VWAP WITH TP OR SLHello everyone its indicator base on vwap indicator (Volume Weighted Average Price)
How to work its indicator?
➤ Long = if open bar above vwap
➤ Short = if open bar below vwap
Indicator Feature
➤ Long Side Signal With Alerts
➤ Short Side Signal With Alerts
➤ Long side Take profit Calculated By Open Bar You Can Also Change Calculate Percent input
➤ Short side Take profit Calculated By Open Bar You Can Also Change Calculate Percent input
➤ Long side Stoploss Calculated By Open Bar You Can Also Change Calculate Percent input
➤ Short side Stoploss Calculated By Open Bar You Can Also Change Calculate Percent input
Volume histogramThis volume indicator detects and paints with different colors up to 3 ranges of volume level necessary to identify the price zones where large investors act and trade with the price and volume's strategy.
It will be easier and faster for you to identify the important volume levels in order to apply them to your trades.
The greater difference and advantage over other existing volume indicators are the following:
Parameters may be adjusted to the quantity of candles which are necessary in order to calculate the average volume, and to the percentage which the high volume should be regarding the average volume for each candle.
It paints in 3 different colors: high volume, medium volume and low volume; the visual control is better with the size of the volume.
It is possible to set as many alerts as you need in order to let you know when the desired volume level is reached.
Este indicador de volumen detecta y pinta de color diferente hasta 3 rangos de nivel de volumen necesarios para identificar las zonas de precio donde actuan los grandes inversores y operar con la estrategia de precio y volumen.
Te será más fácil y rápido identificar los niveles importantes de volumen para aplicarlos a tus operaciones.
La gran diferencia y ventaja con respecto a otros indicadores de volumen existentes son tres.
Puedes ajustar los parámetros sobre qué cantidad de velas tiene en cuenta para calcular el volumen medio, y cuanto porcentaje debe ser el volumen alto con respecto al volumen medio para cada vela.
Te pinta en 3 colores diferentes el Volumen Alto, Volumen Medio y Volumen bajo, teniendo mejor control visual en el tamaño del volumen.
Puedes colocar tantas alertas como necesites para avisarte cuando llegue al nivel de volumen deseado.
Parameters Settings / Parámetros Ajustables:
Highest vs Average Vol Size (%) : Highest Volume Size vs Average Volume, default 200% / Tamaño del Volumen Alto con respecto al volumen Medio, en porcentaje. Por defecto, 200%
Vol Average Length : Candles Number to calculate Average Volume, default 500 / Cantidad de velas para calcular el Volumen Medio, por defecto 500.
Color Settings / Colores Ajustables:
Color 0 : Highest Volume, Above a % Average Volume
Color 1 : Above Average Volume
Color 2 : Below Average Volume
SelcukCode Crypto Triple VolumeThis is a volume indicator written for cryptocurrencies. The difference from the integrated indicator is that the left symbol of the cryptocurrency shows the volume as well as the right symbol. It also shows the volume of the pair in USDT. Thus, we see the USDT volume of each cryptocurrency pair. This standardizes our view of volume.
Bu, kripto paralar için yazılmış bir hacim indikatörüdür. Entegre indikatörden farkı, kripto paranın sol sembolünün hacmini göstermesinin yanı sıra sağ sembolün hacmini de gösterir. Ayrıca paritenin USDT olarak da hacmini gösterir. Böylelikle her kripto para çiftinin USDT hacmini görmüş oluruz. Bu bizim hacime bakış açımızı standartlaştırır.
Linear Regression Channel / Curve / Slope by DGTTʜᴇ Lɪɴᴇᴀʀ Rᴇɢʀᴇꜱꜱɪᴏɴ Cʜᴀɴɴᴇʟꜱ
Linear Regression Channels are useful measure for technical and quantitative analysis in financial markets that help identifying trends and trend direction. The use of standard deviation gives traders ideas as to when prices are becoming overbought or oversold relative to the long term trend
The basis of a linear regression channel
Linear Regression Line – is a line drawn according to the least-squares statistical technique which produces a best-fit line that cuts through the middle of price action, a line that best fits all the data points of interest. The resulting fitted model can be used to summarize the data, to predict unobserved values from the same system. Linear Regression Line then present basis for the channel calculations
The linear regression channel
2. Upper Channel Line – A line that runs parallel to the Linear Regression Line and is usually one to two standard deviations above the Linear Regression Line.
3. Lower Channel Line – This line runs parallel to the Linear Regression Line and is usually one to two standard deviations below the Linear Regression Line.
Unlike Fibonacci Channels and Andrew’s Pitchfork, Linear Regression Channels are calculated using statistical methods, both for the regression line (as expressed above) and deviation channels. Upper and Lower channel lines are presenting the idea of bell curve method, also known as a normal distribution and are calculated using standard deviation function.
A standard deviation include 68% of the data points, two standard deviations include approximately 95% of the data points and any data point that appears outside two standard deviations is very rare.
It is often assumed that the data points will move back toward the average, or regress and channels would allow us to see when a security is overbought or oversold and ready to revert to the mean
please note : Over time, the price will move up and down, and the linear regression channel will experience changes as old prices fall off and new prices appear
█ Linear Regression Study Features
Linear Regression Channel
- Linear regression line as basis
- Customizable multiple channels based on Standard Deviation
- ALERTs for the channel levels
Linear Regression Curve
- Linear regression curve as basis
- Optional : Bands based on Standard Deviation or Volatility (ATR). Bands are applied with fixed levels 1, 2 and 3 times StdDev or ATR away from the curve
Linear Regression Slope
- Optional : Up/Down slope arrows for a used defined period
█ Volume / Volatility Add-Ons
High Volatile Bar Indication
Volume Spike Bar Indication
Volume Weighted Colored Bars
Envious Market DashboardHey traders, this is a market dashboard that can be useful to have on top of your charts. It provides information of the trends discovered, the volatility, the current MACD Trend, the current trend, RSI level, RSI Overbought / Oversold state, TSI level, TSI Overbought / Oversold state, the volume percentage, and more. You can customise the dashboard location, the colour of the dashboard, the background of the dashboard and its background colour. Hope this is useful to you traders :).
Envious Volume Matrix"View it all from a different perspective, enter with the hive, stick to your motive, and the further you'll dive." ~ Envious Volume Matrix.
What is unique about this volume indicator compared to others?
The volume matrix is calculated with different maths and philosophies compared to others and it is combined with some indicators to create the final result. The volume matrix can be used to help see whether or not the bulls or bears are falling or rising so you can see what the next direction of the trend is going to be in. With the volume matrix, you have full control of the indicator. You can customise the timeframe, the colour scheme, the significance of the bull and bear's volume, the plot styles, the dashboard and your alerts. Now that is astonishing!
The volume matrix is to be used as a confluence with your analysis or trading style and should not in anyway shape or form be used as a indication to buy or sell just because the signal says so, it is there to give you a higher chance of having a high probability trade though past results is not indicative of future results and getting access doesn't mean you will become a millionaire in a day as it is not a get rich quick indicator so it won't guarantee 100% success.
Visit our website for more information, which can be found on my profile or on the signature of this indicator!
Does it repaint?
No, our volume matrix doesn't repaint as we do not use any variations where it will cause gaps, future predictions or miscalculations of historic bars.
Does it support all chart types?
Yes, all charts are supported with the volume matrix.
Features:
/Basic Settings
-Enable Custom Timeframe (This will toggle the settings for custom timeframe on and off)
-Custom Timeframe (input box, this will change the timeframe on the indicator to the value set)
-Lookback Period (This period will determine the bar levels needed to validate a calculation)
-Bull's significance (This value will change the strength of the bulls, decreasing the value will make the volume occur faster, increasing the value will make the volume slower)
-Bear's significance (This value will change the strength of the bears, decreasing the value will make the volume occur faster, increasing the value will make the volume slower)
/Miscellaneous
-Volume Styles (Changes the plot style to: Double Lines, Single Line, Histogram, Hills and Valleys, Bar Columns)
-Colour Scheme (Changes the colour scheme to the following options: Ice and Fire, Rhubarb and Custard, Strawberry and Lime, Orange and Purple, Black and White, Old School, Blue and Yellow, Green and Yellow, Purple and
Pink, Heat-O-Meter)
/Dashboard Settings
-Show Volume Dashboard (This will toggle the dashboard on and off)
-Dashboard X-LOC (This will change the x position of the dashboard)
-Text Colour (This will change the text colour of the dashboard)
/Custom Alerts
-Bull Switchover
-Bear Switchover
Nifty Pharma VolumeThis indicator plots volume for the index Nifty Pharma using data from it's constituent stocks.
Code taken from @daytraderph 's script called Custom Volume.
Compressed Volume Levels [DepthHouse]Compressed Volume Levels closely analyzes peak volume along with price action to detect critical levels.
The compression levels generated are often an early indication of possible tops, bottoms, or even a future support or resistance levels.
Warning: Since this is a volume based indicator results will vary based on the asset and volume of the exchange.
The factor & lookback at which it detects these levels can be set by the user. The lower the factor the more levels that will generate.
Built in Alerts (must be set up by user):
Verified Support and Resistance once a level is confirmed.
Upward and Downwards Compression alerts; earliest signal possible for major volume coming in.
To gain access to this indicator please follow the link below.
Feel free to message me with any questions directly here on TradingView.
SB On Balance Profit/Loss IndicatorI was always interested in volume indicators as well as market sentiment.
While brainstorming, I came to the thought that people with gains vs people with losses can move a stock up or down.
I don't want to debate the rational behind people buying and selling based on profits or losses, so this isnt a signaling indicator.
However, I still wanted to have a way to measure and visualize this information.
On Balance Volume was not enough for me. I wanted to know how much actual money was made or lost, over time.
This indicator was created based on two different time periods, the daily and the 30m.
The daily time period is used to measure money made from close of the day before to the open of the current day (gap up/down).
The 30 minute precision period is used to measure the money made from the close of the current bar from the close of the bar prior and calculated 13 times per trading session.
There is an option for 15 minute and 5 minute precision, but it may take longer for the script to process and may time out at lower precision periods.
The default lookback period is 10 days, values are cumulative. We can clearly see over the last 10 days how much money was made, lost and on balance. This should affect trader sentiment.
Visual display is the cumulative money made (green line), cumulative money lost (red line), and cumulative net on balance money (black line). The net on balance money is filled green above zero and filled red below zero.
The Green Histogram is the money made overnight, the Red histogram is the money lost overnight.
The black histogram above zero is the money made intraday and the black histogram is the money lost intraday.
Takeways
Just because a stock is trending down, as noted by the downward slop in price on the daily chart , it does not mean that the average trader is losing money. Intraday price action can offset money lost at higher time periods.
Especially in cases where a stock gaps down overnight, buyers step in at the low and the stock closes above open, but below previous days close. Esspecially when this is done on high volume .
The net profit can be greater than net loss, even if the day closes down from previous close. This can really help with "sentiment" and being able to visualize this sentiment may be helpful in making a decision to buy or sell.
View my collection of custom scripts at: www.tradingview.com
Best Volume Indicator - BTCIn order to make more sense of trading volume in crypto …
Based on the Better Volume Indicator (curtesy of Emini-Trading (emini-watch.com) and the TradingView Adaption by LazyBear ().
My tweaks/adaptations:
- altered the calculation of low volume (c11) in the LB adaptation since it represents the original code better (in my opinion)
- takes volume of multiple exchanges into consideration
- added standard-deviation bands in order to identify peak amount of trading volume
- added three EMA's in order to assess the amount of trading volume even better
- changed the color coding of the original Better Volume Indicator (my preference)
volume climax up = green (instead of red)
volume climax down = red (instead of white)
low volume = yellow
churn = blue (instead of green)
climax + churn = purple
"normal" volume = gray (instead of cyan)
Simple Volume Oscillator (SVO), by @BlueJayBirdSimple Volume Oscillator, or SVO. I came up with this idea while studying Spread Volume Analysis (SVA). It uses the Trading View's built-in RSI function to simplify volume values for further interpretation.
// -------------------- ENGLISH, Inglés
How to Use:
- When there's little volume activity, expect the oscillator to be closer to the zero line.
- Wait for a probable sudden increment up to close 100 when volume enters into the market.
- It works pretty much as a volatility oscillator, but it eliminates the noise of the price, and the noise of the volume bars, always so vertical and linear, which sometimes are hard to understand at first glance.
- As any oscillator, it suffers from some lagging when compared to the price action, but for the most part is pretty accurate.
- Remember the cyclical nature of markets: If things are quite, something is coming.
- NOTE: The oscillator WILL NOT indicate market direction, that bias is up to the analyst to find out.
- Like. Follow. Comment.
// -------------------- SPANISH, Español
Cómo usar:
- Cuando hay poca actividad de volumen, el oscilador debería estar cercano a cero.
- Esperá por un posible incremento repentino hasta 100 cuando entre volumen en el mercado.
- Funciona de manera similar a un oscilador de volatilidad, pero elimina cualquier ruido del precio, y el ruido de las barras de volumen, siempre tan verticales y lineales, lo que las hace difícil de descifrar a simple vista.
- Como cualquier oscilador, sufre de un ligero retraso respecto de la acción del precio, pero por lo demás, es bastante preciso.
- Recordá la naturaleza cíclica de los mercados: Si las cosas están quietas, es porque algo está por suceder.
- NOTA: Este oscilador NO VA A decirte qué dirección va a seguir el precio; eso es algo que vas a tener que descubrir por tu cuenta.
- Like, seguí, comentá.
TV Community AlgoTV Community Algo is a free TradingView script that I designed from the ground to benefit the traders of this community. It has plenty of features that you will enjoy, and I have included documentation for how to use this below!
Settings:
Basic:
Turn the Void Lines on or off
Turn the Dashboard on or off
Turn the Signal Bars on or off
Turn the Support & Resistance Lines on or off
Turn the EMA 8 and EMA 200 on or off
Turn the Buy & Sell Signals on or off
Turn the Fibonacci Retracement Tool on or off
Style:
Change the Dashboard's distance from the price action
Change the Dashboard's Color and Transparency
Change the Dashboard Text Color
Change the Fibonacci Deviation
Make the Fibonacci Retracement Tool reverse
Make the Fibonacci Lines extend left, right, both directions, or none
Turn Fibonacci Prices on or off
Turn Fibonacci Levels on or off and change between percent or value
Change Fibonacci Label Position from the left or the right
Usage:
This algo has many uses including but not limited to:
Finding entries and exits using the EMA 8 and EMA 200 crossovers
Using the Void Lines to identify bounces or reversals
Using the Signal Bars to identify trend and confirmation for entries and exits
Using the Dashboard information for confirmation and informational purposes
In the images below, I give a few examples of the many uses of the TV Community Algo!
VOID LINES
The Void Lines are very helpful when it comes to identifying reversals.
TV COMMUNITY ALGO DASHBOARD
The Dashboard is filled with useful information that all traders can benefit from!
SIGNAL BARS
The colored candles known as Signal Bars inform you of when the price action is above or below the midpoint of the Void Lines.
AUTO SUPPORT & RESISTANCE LINES
These lines help traders find accurate levels of support & resistance on all time frames, and the lines change color depending on if the price is above or below them.
EMA 8 AND 200
The EMA 8 and EMA 200 crossovers can be used as entry and exit signals.
BUY & SELL SIGNALS
The BUY & SELL signals can be used to find optimal entries and exits for trades on any time frame. Smaller time frames are best for scalping, while larger time frames are more suited for longer trades. When combined with the EMA lines and Dashboard information, these signals can produce incredibly profitable trades.
AUTO FIBONACCI RETRACEMENT TOOL
The Auto Fibonacci Retracement Tool allows you to plot perfect Fib Lines every time.
Conclusion:
I truly hope that the TV Community Algo benefits the TradingView community and that you all find some value in it. I worked very hard on this product and I would love to see it put to good use.
with love,
-Lemon 🍋
This work is licensed under a Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) creativecommons.org
Volume Profile [LuxAlgo]Displays the estimate of a volume profile, with the option to show a rolling POC (point of control). Users can change the lookback, row size, and various visual aspects of the volume profile.
Settings
Basic:
Lookback: Number of most recent bars to use for the calculation of the volume profile
Row Size: Determines the number of rows used for the calculation of the volume profile
Show Rolling POC: Determines whether to display the rolling POC of the volume profile
Style:
Width (% of the box): Determines the length of the bars relative to the Lookback value
Bar Width: Width of each bar
Flip Histogram: Flips the histogram, when enabled, the histogram base will be located at the most recent candle
Gradient: Allows to color the volume profile bars with a gradient, with a color intensity determined by the length of each bar
Rows Solid Color: Color of each bar when 'Gradient' is disabled
POC Solid Color: Color of the POC when 'Gradient' is disabled
Usage
It is very common to display volume over time in order to visualize the trading activity made over a specific candle, however this is not the only way to display volume and it can be interesting to put it in relation with the price, which is what volume profiles do.
Volume profiles are displayed as price relative histograms showing the accumulated volume within certain price areas, the number of areas are determined by the row size of the volume profile. Knowing which price's area accumulated the most volume allow highlighting areas of interest to market participants.
Most accumulated volume will be encountered in zones of equilibrium between buyers and sellers; that is zones of local price stationarity. These zones are highlighted by high volume nodes in the volume profile. Imbalance between buyers and sellers are highlighted by thinner zones of the volume profile.
The price level with the most accumulated volume is highlighted by the "point of control" (POC), displayed by the dotted line in the indicator.
The POC is often considered an important level, commonly used as support/resistance by traders. One can verify the accuracy of this use case by using the rolling POC (assuming one would use the POC over time as SR).
Indicator Limitations
Volume profiles are calculated using tick data, which is not the case of this estimate, as such you won't have an accurate representation of an actual volume profile.
The rolling POC can introduce time outs in the script computation, use lower lookback and row size value to display it.
Average Dollar VolumeDollar volume is simply the volume traded multiplied times the cost of the stock.
Dollar volume is an extremely important metric for finding stocks with enough liquidity for market makers to position themselves in. Market Liquidity is defined as market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset's price. The key concept you want to understand is that these big instructions with billions of dollars need liquidity in a stock in order to even think about buying it, and therefore these institutions will demand a large dollar volume. A good dollar volume amount, that represents a pretty liquid name, is typically above 100 million $ average. Why are institutions important? Simple because they are the ones who make stocks move, and I mean really move. If you want to see large growth from a stock in a short amount of time, you need institutions wielding billions of dollars to be fighting one another to buy more shares. Institutions are the ones who make or break a stock, this is why we call them market makers.
My script calculates average dollar volume using four averages: the 50, the 30, the 20, and the 10 period. I use multiple averages in order to provide the accurate and up to date information to you. It then selects the minimum of these averages and divides this value by 1 million and displays this number to you.
TL;DR? If you want monster moves from your stocks, you need to pick names with average high liquidity(dollar volume >= $100 million). The number presented to you is in millions of whatever currency the name is traded in.
Up/Down Volume RatioUp/Down Volume Ratio is calculated by summing volume on days when it closes up and divide that total by the volume on days when the stock closed down.
High volume up days are typically a sign of accumulation(buying) by big players, while down days are signs of distribution(selling) by big market players. The Up Down volume ratio takes this assumption and turns it into a tangible number that's easier for the trader to understand. My formula is calculated using the past 50 periods, be warned it will not display a value for stocks with under 50 periods of trading history. This indicator is great for identify accumulation of growth stocks early on in their moves, most of the time you would like a growth stocks U/D value to be above 2, showing institutional sponsorship of a stock.
Up/Down Volume value interpretation:
U/D < 1 -> Bearish outlook, as sellers are in control
U/D = 1 -> Sellers and Buyers are equal
U/D > 1 -> Bullish outlook, as buyers are in control
U/D > 2 -> Bullish outlook, significant accumulation underway by market makers
U/D >= 3 -> MONSTER STOCK ALERT, market makers can not get enough of this stock and are ravenous to buy more
U/D values greater than 2 are rare and typically do not last very long, and U/D >= 3 are extremely rare one example I kind find of a stock's U/D peaking above 3 was Google back in 2005.
MAKE SURE TO HIT THE SETTINGS WHEEL AND CHECK THE BOX NEXT TO PLOT IN ORDER TO GET RID OF THE PLOTTED LINE.
Volume AdvancedI have found out this script some time ago. In fact it is not my code (just have modified a little) and I don't know the author (couldn't find). So now I would like to share with the community, maybe somebody would have some idea how to make it better. The script itself is modified volatility oscillator (like ATR) based on volume, making a deal at the moment of price change. To recognize the current trend I have add simple function just to compare the current price with the N bars before, because sometimes in moments of high volatility there may be wrong signals.
Performante's Average Bitcoin Volume EMA Indicator This is the average Bitcoin volume with the data collected from the major retail exchanges + the exponential moving average (EMA) for the volume added on to better understand relative volume.
Thank you Julio!
Volume Changes with Bollinger Bands & Signal/AlertJapanese below / 日本語説明は下記
---------------------------------------------
Hello traders,
This indicator shows volume changes in percentage over the past periods as well as Bollinger Bands of volume changes with +2σ band.
The formula to calculate volume changes is;
(Today’s volume / average volume of past n periods ) *100
** n is user input
Bar color changes to green if close >= open, else if red.(You can change colors.)
Bollinger band
The reason I included Bollinger band here is if volume changes crosses over +2σ bands, that would suggest strong buying or selling pressure behind which might contribute price surging or dropping.
The following chart is BTCUSD daily chart.
Some correlation between volume changes and price movement can be observed.
For example, when volume changes surpasses BB+2σ with green bar, bullish trend occurs while in case of red bar, bearish trend happened.
Signal/Alert
Signal can be shown when volume changes cross over BB +2σ or upper band.(% changes, user input) Alert condition is same.
——————————————
出来高変化率のインジケーターです。過去n期間の出来高平均と当日出来高を比較してオシレータとして表示するとともに、出来高変化率のボリンジャーバンド+2シグマバンドを表示します。
出来高変化率の計算式は以下の通りです。
(当日出来高 / 過去n期間の平均出来高) * 100
* nはユーザ指定
終値>=始値の場合は緑色のバーで、終値<始値の場合は赤色のバーで表示します。(色は変更可能)
ボリンジャーバンド
出来高変化率が、出来高変化率のボリンジャーバンド+2シグマを超えるということはそれだけ強い買い・売りの存在を示唆していることになるのではと考え表示可能なようにしています。
以下のチャートはビットコイン/米ドルの日足チャートです。
例えば出来高変化率がBB+2シグマを超えて陽線で引けた場合、以降上昇トレンドが発生していることが確認できます。同様に出来高変化率がBB+2シグマを超えて陰線で引けた場合は下降トレンドが発生していることが確認できます。
これらは裏に強い買い、売り圧力が存在していることを示唆していると読み取ることができます。
ボリンジャーバンドが不要な場合は、出来高変化率のアッパーバンド(%, ユーザ指定)を表示して、変化率の度合いを測ることが可能です。
シグナル/アラート
出来高変化率がボリンジャーバンド+2σを超えた場合、もしくはアッパーバンドを超えた場合にシグナル表示します。
同じ条件でアラート設定も可能です。
[SK] Custom Klinger OscillatorThis Custom Klinger Oscillator allows you to change the time frames for the Force Volume and Signal calculations to use instead of it's default values. Although the default Fibonacci values ( 34, 55 and 13 ) provide exceptional signals, you can now explore using lower Fibonacci numbers and get faster signals for your own adventures in the market.
This indicator adds conditional coloring of the Klinger line when over / under the signal along with a transparent fill cloud between both lines colored by the same condition. You can change colors to your preference on the style configurations.
--
Below is more information on the KIinger Oscillator from investopedia:
Interpretations for Price Direction
The Klinger Oscillator is fairly complex to calculate, but it's based on the idea of force volume, which accounts for volume, trend (positive or negative), and temp (based on multiple inputs and if/then statements). Using this data, the oscillator is created by looking at the difference between two exponential moving averages of force volume involving different time frames (typically 34 and 55). The idea is to show how the volume flowing through the securities is impacting its long-term and short-term price direction.
The Signal Line
A signal line (13-period moving average) is used to trigger buy or sell signals. This technique is very similar to signals that are created with other indicators such as the moving average convergence divergence (MACD). While these are the basic signals generated by these indicators, it's important to note that these techniques may generate a lot of trading signals that may not be as effective in sideways markets.
The Uptrend
When an asset is in an overall uptrend—such as when it is above its 100-period moving average and the Klinger is above zero or moving above zero—traders could buy when the Klinger oscillator moves above the signal line from below.
Klinger noted that when a stock was in an uptrend, and then dropped to unusually low levels below zero, and then moved above its signal line, this was a favorable long position to take.
The Downtrend
When an asset is in an overall downtrend, traders could sell or short-sell when the Klinger oscillator moves below the signal line from above. Klinger noted this was especially noteworthy when the indicator had seen an uncharacteristic spike above zero.
The zero line is also used by some traders to mark the transition from an uptrend to downtrend, or vice versa. While such signals won't always agree with price movements, a move above zero helps confirm a rising price, while a drop below zero helps confirm a falling price.
Klinger Oscillator and Divergence
The Klinger oscillator also uses divergence to identify when the indicator's inputs are not confirming the direction of the price move. It's a bullish sign when the value of the indicator is heading upward while the price of the security continues to fall. It is a bearish signal when the price is rising but the indicator is falling. Divergence can be coupled with signal line crossovers to generate trades. For example, if a bearish divergence forms, a sell or short-sell could be initiated the next time the Klinger crosses below the signal line.
Cvwap-Pvwap 2.0A simple vwap based Intraday trend indicator.
Volume-Weighted Average Price (VWAP) - the average price weighted by volume, starts when trading opens and ends when it closes. This can help institutions buy or sell in large orders, without disturbing the market.
After buying or selling, institutions compare instrument price to closing VWAP values at end of the day.
For big financial institutions;
A buy order executed below the VWAP value, considered a good fill because the security was bought at a below average price.
A sell order executed above the VWAP would be deemed a good fill because it was sold at an above average price.
Simple price based moving average is not helpful for them; = as it doesn't incorporates volume traded. Hence - VWAP :)
So how it helps us in decoding the IntraDay-trend? - Through a 2 day vwap co-relation.
So, Closing value of previous day vwap = Pvwap
Today's running vwap = Cvwap
Defining the IntraDay Trend:
Moderately Bullish = candle closing price above Pvwap but below Cvwap
Super Bullish = Closing price is above both (Cvwap and Pvwap)
Moderately Bearish = Closing price is above Cvwap but below Pvwap
Super Bearish = Closing Price is below both (Cvwap and Pvwap)
A big gap between the Cvwap and the candle closing price defines the strong participation from institutions in that direction. (Strong Trend)
Moving with the smart money, in the overall trend is a wise decision for any intraday trader and this helps at its best.
