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Volume Cloud [LucF]A strictly volume-based cloud. It plots current volume (green line) over its 20-period linear regression (red line) on the chart. Unlike Ichimoku's cloud, it is not offset. While probably not something that you would have on your charts all the time, it can provide a useful way to study the interaction between price and volume. Because the green line is the current volume, you can forego volume columns when using the indicator. Volume Cloud does have practical uses. I will show here how I use volume to help me in selecting better probability entries, with only Volume Cloud and my TLD indicator on the chart (the Volume Columns are there to provide context for first-time users of the Volume Cloud). When looking for entries, I’m trying to find spots where a reversal from a bottom or a continuation after a pause is confirmed by increasing volume (preferably above average) candles with proper wick/body structure. The candle structure of increasing volume candles is important because for me, it provides granularity on the volume action during the candle. I view wicks as failed tests and body height as reinforcement of the price movement. As for candles where volume is not increasing, I mostly ignore them. This is a simplified account of my mindset; just the stories I trade with and that I believe provide an edge—and profits. I certainly don’t pretend having found an infallible way to trade, and there is much more to it that I can explain here, but let’s look at a chart. Point 1: Solid increasing volume and above average down candle, but I don’t enter on big candles. The volume on that candle has reached a new high though, so I’m thinking bearish sentiment for the next bars. Point 2: Nicely formed above average increasing volume candle, but I’m looking to short. A similar’ish candle 4 bars back was followed by non-descript action. After 2, a test of past resistance fails before reaching it and a lower low and then a lower high bring us to point 3. Point 3: Exactly what I’m looking for. No upper wick, solid body that’s not too big, and the highest volume reached on chart yet as a bonus. I enter on the following candle and because of the solid context, I can use a tight stop at the previous candle’s high. Going down, I will move my stop to the high of any increasing volume candle going in my direction, starting when that point is at least as far from my entry as my stop (RR=1). Point 4: This is the last point where I move my stop at the candle’s high and get stopped out at the following candle for a RR=3.75 trade. Notice how the very high volume at point 4 generates a relatively small body. This is often a sign of stopping volume that portends a reversal or a pause. Point 5: A first above average increasing volume candle, but with longish wicks that don’t fit my idea of a solid candle. Definitely not a strong enough sign to bet on a reversal from the recent strong descent. Point 6: This candle is a different story altogether. No lower wick, reasonably sized body, double the volume of previous candle and a close way above the previous 20 candles. Long entry with stop at candle 6’s low. I don’t move my stop on the candle following my entry because it wouldn’t put me at RR=1, so the first time I move my stop up is at candle just before point 7. Point 7: I get stopped out for RR=3 after that candle because I will have moved my stop a second time, at candle’s 7 low. I didn’t make these trades (can’t even short on Binance yet), and while this is a typical a posteriori story, it does reflect what I do in reality.
Pine Script™ indicator
by LucF
Ord Volume [LucF]Tim Ord came up with the Ord Volume concept. The idea is similar to Weis Wave , except that where Weis Wave keeps a cumulative tab of each wave’s successive volume columns, Ord Volume tracks the wave's average volume . Features You can choose to distinguish the area’s colors when the average is rising/falling (default). You can show an EMA of the wave averages, which is different than an EMA on raw volume. You can show (default) the last wave’s ending average over the current wave, to help in comparing relative levels. You can change the length of the trend that needs to be broken for a new wave to start, as well as the price used in trend detection. Use Cases As with Weis Wave, what I look at first are three characteristics of the waves: their length, height and slope. I then compare those to the corresponding price movements, looking for discrepancies. For example, consecutive bearish waves of equal strength associated with lesser and lesser price movements are often a good indication of an impeding reversal. Because Ord Volume uses average rather than cumulative volume, I find it is often easier to distinguish what is going on during waves, especially exhaustion at the end of waves. Tim Ord has a method for entries and exits where he uses Ord Volume in conjunction with tests of support and resistance levels. Here are two articles published in 2004 where Ord explains his technique: pr.b5z.net n.b5z.net Note Being dependent on volume information as it is currently available in Pine, which does not include a practical way to retrieve delta volume information, the indicator suffers the same lack of precision as most other Pine-built volume indicators. For those not aware of the issue, the problem is that there is no way to distinguish the buying and selling volume (delta volume) in a bar, other than by looping through inside intervals using the security() function, which for me makes performance unsustainable in day to day use, while only providing an approximation of delta volume.
Pine Script™ indicator
by LucF
7
BTC exchange trade vol / on-chain transaction volThis Bitcoin indicator shows the percentage that the exchange traded volume is from the sum of the exchange traded volume + on-chain transaction volume. The thin red line is the non-smoothed value calculated from daily volumes. The thick black line is the 7-day EMA-smoothed value. The exchange traded volume and the on-chain transaction volume are reported by Quandl and have a 1D resolution - so it is best to use this indicator on the daily time frame. When the value is high, it shows the the interest of traders is high and they are intensely trading BTC. When the indicator is low, it means that BTC is "dormant": it is used for transfers, but not so much for trading - traders forgot about it for a while - which may be a good time to accumulate if the economy is in a general bull market.
Pine Script™ indicator
by danarm
1
Volume Momentum [LucF]Volume momentum gives much more information than a simple volume MA. It does require interpretation however, since increasing volume momentum can indicate strengthening of both an up or down movement. Volume momentum peaks and bottoms are also interesting as they often lead to shifts in price movement. In order to help interpretation, I color rising volume momentum using price momentum. Green indicates volume-supported upward price movement and red indicates volume-supported downward price movement. As to falling volume momentum, in my world view it indicates exhaustion or disinterest which requires prior price activity to be interpreted. In strong and steady price movements it can indicate a mere pause. After high price volatility often signalling a top or bottom, falling volume momentum often leads reversals. Features Two optional MAs on the main volume momentum line, with crosses on the short MA. A higher time frame line (shown by default), with the higher time frame being a user-defined multiple of the current chart’s interval. The default is 8, so that a 15m chart will also show a 2h volume momentum. Two Markers Tops/Bottoms (marker 1): these occur on high/low price momentum pivots situated in favorable regions, combined with volume momentum peaks. Pauses/Reversals (marker 2): these simply identify volume momentum high pivots that often lead to shifts in price movement. They are not directional. You can choose to color bars where these markers occur (shown on chart). You can show only long or short markers. Alerts You can define alerts on any combination of markers you configure. After defining the markers you want the alert to trigger on, make sure you are on the interval you want the alert to be monitoring at, then create the alert, select Volume Momentum, use the default “Configured Markers” alert condition and choose your triggering window (usually “Once Per Bar Close”). Once the alert is created, you can change the indicator's inputs with no effect on the alert. Use Cases The higher time frame line is very useful in situating current volume activity in a larger context. I consider all peaks in volume momentum as potentially significant events. When looking for an entry, I will often wait for the descending volume momentum to change direction at a shorter interval, using price momentum to confirm that increasing volume is working in my favor. Volume momentum variations can often inform otherwise insignificant price momentum activity. Here I use price momentum to color volume momentum; inversely, I also use volume momentum to color my momentum indicator. Notes Where the markers on my Volume Columns indicator focus on confirming strength of price movements, this indicators’ markers try to focus on shifts in price movement. My volume momentum is calculated using a smoother variant of CCI which came to be known as WaveTrend.
Pine Script™ indicator
by LucF
19
Volume Columns w. Alerts (V) [LucF]These are volume columns on steroids, for serious volume users. You can use the indicator to show volume columns or relative volume. You can define alerts using numerous conditions in both column and relative modes simultaneously. Multiple coloring schemes allow you to reveal volume columns in a much more useful light than the two-color standard. Features Seven Color Schemes Plain gray. Different color for columns above average MA. Standard green and red. Color gradient using the relative position of MA (default mode). The first 3 schemes allow for highlighting increasing volume columns. A gray column in an otherwise colored scheme indicates no change in price. Two Modes Column Mode: In this mode you can show the volume MA and mask the columns under it. The standard is an EMA because I think it better suits volume’s quick changes, but you can change it to the usual simple MA, as well as define its length. Relative Volume: Calculations have been kept rudimentary. Current volume is simply compared to the previous bar’s volume. In order to compensate for this, a multiple area mode also compares current volume to 5, 15, 50 and 200 periods MAs. You can choose to view only the main relative volume value. Relative volume is capped in order to prevent the loss of detail caused by wild increases. The default cap is 10, but you can define your own. Spikes that are capped show a dot at their top. A separate threshold (its default value is the standard 2) is included for relative volume; it is used to generate relative volume markers. Four Markers Bumps (marker 1): A bump occurs when an increasing volume column is above its MA and the candle’s close is above/below the previous close. Double Bumps (marker 2): A double bump occurs when 2 bumps are present in the last 3 bars. Volume Over MA (marker 3): Triggers whenever volume is above MA. This is the noisiest of the markers. Relative Volume (marker 4): This event occurs when relative volume crosses the pre-defined threshold. You can choose to only show long or short markers. Two Backgrounds You can choose to highlight the background on bumps and double bumps. Alerts You can define alerts on any combination of markers you configure. After defining the markers you want the alert to trigger on, make sure you are on the interval you want the alert to be monitoring at, then create the alert, select V, use the default “Configured Markers” alert condition and choose your triggering window (usually “Once Per Bar Close”). Once the alert is created, you can change the indicator's inputs with no effect on the alert. No worthwhile price movement exists without volume. It thus makes sense to define alerts on volume if you want to monitor markets. I use the markers to define two types of alerts. For general market scanning, I use markers 2 and 4 on high time frames. When I have identified a good opportunity for entry and am waiting for confirmation, I will often setup a custom alert for that market at a shorter time interval using markers 1 and 4. Notes Until we have access to delta volume information on TradingView, this indicator tries to get the most out of volume columns without using security calls at inside intervals to get more resolution on volume, because it slows things down considerably. The chart shows different combinations of color schemes and markers, along with my TLD indicator on the chart.
Pine Script™ indicator
by LucF
1
BP Scalper with resistance barsThis Script is used for scalping on the 15 min. It can do the other time frames but i built it for primarily the 15. There is some logic where i use the previous candles and i'm using intervals of 4 to get 1 hour estimates. This also works with the 1 hour, because the 4 hour is what it will compare with. It uses Buy volume and sell volume to create the indicators. If the buy volume starts losing traction on the sell volume the indicator triggers.
Pine Script™ indicator
by bpscripts
8
Top 5 coins cummulated Upvol/Dnvol and Money FlowThis script reads price and volume information for the top 5 coins (on 9 exchanges, a total of 29 pairs), calculates the cummulative upvolume and downvolume according to the Money Flow (MFI) formula, and shows upvolume and downvolume separately on the chart as a green and a red line. The coins used are BTC, ETH, LTC, XRP and EOS. They are the top 5 coins by daily volume, as of 24th of February 2019. Because of the many security() calls needed, the script is VERY slow, so have lots of patience. I find it useful as a broad crypto market indicator - for example to compare the current pump with the pumps in the past. Can also calculate the aggregated Money Flow (MFI) if you check that option in the indicator's configuration. Make sure to wait for recalculation and rescale the chart afterwards - MFI has a value from 0 to 100 and you may need to zoom in.
Pine Script™ indicator
by danarm
5
Wyckoff Volume ColorThis volume indicator is intended to be used for the Wyckoff strategy. Green volume bar indicates last price close above close 10 days ago together with volume larger than 2 * SMA(volume, 20) Blue volume bar indicates last price close above close 10 days ago together with volume less than 2 * SMA(volume, 20) Orange volume bar indicates last price close lower than close 10 days ago together with volume less than 2 * SMA(volume, 20) Red volume bar indicates last price close lower than close 10 days ago together with volume larger than 2 * SMA(volume, 20) The main purpose is to have green bars with a buying climax and red bars with a selling climax. Three variables can be changed by simply pressing the settings button. How many days back the closing price is compared to. Now 10 days. How many times the SMA(volume) is multiplied by. Now times 2. How many days the SMA(volume) consists by. Now 20 days.
Pine Script™ indicator
by SannaTrading
10
ETH HawkEye Aggregated Volume IndicatorThis is combined Aggregated ETH Exchange Volume by Neobutane with HawkEye volume clone indicator by LazyBear. Indicator includes aggregated raw ETH volume from 7 user selectable fiat and tether exchanges on USD, USDT, BTC, EUR, GBP, JPY pairs + Exponential MA + hawkeye bar coloring where: green is bullish volume , red - bearish and white - volume neutral to the market: Bitfinex Coinbase Bitstamp Kraken Binance Poloniex Bittrex *There is a TV bug that doesn't display a whole volume history if some pair was added later than date intended to be analysed by operator eg, if you want to watch older data you should exclude all secondary pairs that were added later and switch off "newer" exchanges like Binance.
Pine Script™ indicator
by Spiralman
Volume+ (RVOL/Alerts)This indicator colors the volume bars based on any of the three follow criteria: - Volume Amount - RVOL (Relative Volume) - Lookback (Highest Over Period) You can use one, two or all three of these settings at the same time. You can also set alerts with this indicator. The script will trigger an alert whenever any of the three specified flags are triggered. RVOL is calculated as: Volume divided by Moving Average value. You can change the moving average period (and type) in the settings.
Pine Script™ indicator
by ZenAndTheArtOfTrading
24
Colored Klinger Volume Oscillator (CKVO)This is a color enhanced version of Klinger Volume Oscillator. I specially designed this to get maximum profit from highly volatile coins. This indicator is based on volume. xTrigger (the line) shows if trend is bullish or bearish. It is the average of the area. You can clearly see the trend. xKVO (the area) shows how buy and sell orders change. It rises while buys are increasing against sells, decreases while sells are increasing against buys. The color or the area provides buy and sell signals. Green: buy. Red: sell. Gray: Undecided. Of course there are false signals. You should use other indicators to confirm them. I like to use RSI and Bollinger Bands along with it to eliminate false signals. Also check for double bottom and top, etc. Its wise to check the general direction of coin using a bigger time frame using Heikin Aishi. For example 1W Heikin Ashi if you are trading on 1D. In addition to buy signals the most important indication is divergence with the price. Before a trend change 2 kinds of divergences happen - Trend line moves reverse to the price line - Are a tops moves revers to the price tops. For example while there is a higher price top, there is a lower area top. Then its time to escape. Motivation It is common to suffer from failures while trading highly profitable but volatile coins like NULLS, REP, DLT, LRC, MFT, HOT, OAX, KEY, etc. - Traders sell too early to ensure a profit. Sell at 10% and it goes 200% - Traders buy too early. Traders buy and it drops yet another 50% - Wrong patience. The trader keeps the faith and waits for days for the glorious days. And nothing happens. I believe with this indicator I am able to solve those problems most of the time.
Pine Script™ indicator
by umur.ozkul
1
Aggregated Volume LTCBTCAggregates the LTC/BTC volume from multiple exchanges into a single indicator. # Exchanges and Pairs Included are only exchanges supported by TradingView: * Binance * Bitstamp * Bittrex * Coinbase * Gemini * Bitfinex * Kraken * Poloniex * HitBTC Many other top exchanges are not included, because they are not supported by TradingView. # Inputs By default the spot exchanges are selected. You can select also the other margin trading and derivatives exchanges. # Contribute Feel free to share any ideas and issues you have. # Open Source The code is open source @ github.com and uses the commonpine library github.com
Pine Script™ indicator
by tradercgt
1
Aggregated Volume LTC/FiatAggregates the LTC/Fiat volume from multiple exchanges into a single indicator. # Exchanges and Pairs Included are only exchanges supported by TradingView: * Binance * Bitstamp * Bittrex * Coinbase * Gemini * Bitfinex * Kraken * Poloniex * HitBTC Many other top exchanges are not included, because they are not supported by TradingView. The pair LTC/BTC is not included. # Inputs By default the spot exchanges are selected. You can select also the other margin trading and derivatives exchanges. # Contribute Feel free to share any ideas and issues you have. # Open Source The code is open source @ github.com and uses the commonpine library github.com
Pine Script™ indicator
by tradercgt
1
Aggregated Volume ETHBTCAggregates the ETH/BTC volume from multiple exchanges into a single indicator. # Exchanges and Pairs Included are only exchanges supported by TradingView: * Binance * Bitstamp * Bittrex * Coinbase * Gemini * Bitfinex * Kraken * Poloniex * HitBTC Excluded low volume exchanges (not in CMC Top): * CEX.IO Many other top exchanges are not included, because they are not supported by TradingView. # Inputs By default the spot exchanges are selected. You can select also the other margin trading and derivatives exchanges. # Contribute Feel free to share any ideas and issues you have. # Open Source The code is open source @ github.com and uses the commonpine library github.com
Pine Script™ indicator
by tradercgt
1
Aggregated Volume ETHAggregates the ETH/fiat volume from multiple exchanges into a single indicator. # Exchanges and Pairs Included are only exchanges supported by TradingView: * Binance * Bitstamp * Bittrex * Coinbase * Gemini * itBit * Bitfinex * Kraken * Poloniex * BitMEX Excluded low volume exchanges (not in CMC Top): * CEX . IO * Coinfloor Excluded exchange due to volume calculation by TV: * HitBTC Many other top exchanges are not included, because they are not supported by TradingView. # Inputs By default the spot exchanges are selected. You can select also the other margin trading and derivatives exchanges. # Contribute Feel free to share any ideas and issues you have. # Open Source The code is open source @ github.com and uses the commonpine library github.com
Pine Script™ indicator
by tradercgt
1