Get started

X-volume

Colored Volume Bars All Markets: Combining Volume SourcesUsing volume in Forex is potentially misleading as we are only provided the broker volume or futures exchange volume for the currency or commodity in a decentralised market. This code combines the volumes from FXCM, Onanda and futures for the instrument being studied. The combination of the volumes could improve the reliability of the volume being considered. Using this approach other volume indicators can also be improved.
Pine Script™ indicator
by SteynTrade
5
Chiki-Poki BFXLS Longs Shorts Abs Normalized Volume Pro by RRBChiki-Poki BFXLS Longs vs Shorts Absolute Normalized Volume Value Pro by RagingRocketBull 2018 Version 1.0 This indicator displays Longs vs Shorts in a side by side graph, shows volume's absolute price value and normalized volume of Longs/Shorts for the current asset. This allows for more accurate L/S comparisons (like a log scale for volume) since volume on spot exchanges (Bitstamp, Bitfinex, Coinbase etc) is measured in coins traded, not USD traded. Similarly, L/S is usually the amount of coins in open L/S positions, not their total USD value. On Bitmex and other futures exchanges volume is measured in USD traded, so you don't need to apply the Volume Absolute Price Value checkbox to compare L/S. You should always check first whether your source is measured in coins or USD. Chiki-Poki BFXLS primarily uses *SHORTS/LONGS feeds from Bitfinex for the current crypto asset, but you can specify custom L/S source tickers instead. This 2-in-1 works both in the Main Chart and in the indicator pane below. You can switch between Main/Sub Window panes using RMB on the indicator's name and selecting Move To/Pane Above/Below. This indicator doesn't use volume of the current asset. It uses L/S ticker's OHLC as a source for SHORTS/LONGS volumes instead. Essentially L/S => L/S Volume == L/S Features: - Display Longs vs Shorts side by side graph for the current crypto asset, i.e. for BTCUSD - BTCUSDLONGS/BTCUSDSHORTS, for ETHUSD - ETHUSDLONGS/ETHUSDSHORTS etc. - Use custom OHLC ticker sources for Longs/Shorts from different exchanges/crypto assets with/without exchange prefix. - Plot Longs/Shorts as lines or candles - Show/Hide L/S, Diff, MAs, ATH/ATL - Use Longs/Shorts Volume Absolute Price Value (Price * L/S Volume) instead of Coins Traded in open L/S positions to compare total L/S value/capitalization - Normalize L/S Volume using Price / Price MA / L/S Volume MA - Supports any existing type of MA: SMA, EMA, WMA, HMA etc - Volume Absolute Price Value / Normalize also works on candles - Oscillator mode with negative axis (works in both Main Chart/Subwindow panes). - Highlight L/S Volume spikes above L/S MAs in both lines/oscillator. - Change L/S MA color based on a number of last rising/falling L/S bars, colorize candles - Display L/S volume as 1000s, mlns, or blns using alpha multiplier 1. based on BFXLS Longs vs Shorts and Compare Style, uses plot*, security and custom hma functions 2. swma has a fixed length = 4, alma and linreg have additional offset and smoothing params Notes: - Make sure that Left Price Scale shows up with Auto Fit Data enabled. You can reattach indicator to a different scale in Style. - It is not recommended to switch modes multiple times due to TradingView's scale reattachment bugs. You should switch between Main Chart and Sub Window only once. - When the USD price of an asset is lower you can trade more coins but capitalization value won't be as significant as when there are less coins for a higher price. Same goes for Shorts/Longs. Current ATH in shorts doesn't trigger a squeeze because its total value is now far less than before and we are in a bear market where it's normal to have a higher number of shorts. - You should always subtract Hedged L/S from L/S because hedged positions are temporary - used to preserve the value of the main position in the opposite direction and should be disregarded as such. - Low margin rates increase the probability of a move in an underlying direction because it is cheaper. High margin rates => the market is anticipating a move in this direction, thus a more expensive rate. Sudden 5-10x rate raises imply a possible reversal soon. high - 0.1%, avg - 0.01-0.02%, low - 0.001-0.005% You can also check out: - BFXLS Longs/Shorts on BFXData - Bitfinex L/S margin rates and Hedged L/S on datamish - Bitmex L/S on Coinfarm.online
Pine Script™ indicator
by RagingRocketBull
3
Balihuntul Normalized Absolute Volume by RRBBalihuntul Normalized Absolute Volume by RagingRocketBull 2018 Version 1.0 This indicator shows absolute and/or normalized volume for an asset, allows for more accurate volume based comparisons (like a log scale for volume). Volume is measured in coins traded, not USD traded, so direct comparisons of different price moves may not be accurate. Professional traders usually compare absolute or normalized volumes of trend moves/spikes/dips/capitulation events instead. When the USD price of an asset is lower you can trade more coins but capitalization won't be as significant as when there are less coins for a higher price. Similarly, you can normalize volume using: - price/price ma (to get a bit of a price-weighted volume) or - volume ma to compare it with its average assuming the total volume is a percentage above or below the MA (100% or 1). - use alpha multiplier to add/lose a few zeroes if necessary Features: - Use Absolute Price Value (Price * Volume) of an asset instead of Coins Traded (Volume) to compare capitalization - Normalize volume using Price / Price MA / Volume MA - Supports any existing type of MA: SMA, EMA, WMA, HMA etc - Oscillator mode with negative axis - Highlight high volume spikes above MA or hide low volume bars below MA - Change color based on prev Close or Volume bars - Change Volume MA color based on a number of last rising/falling bars - Display volume as 1000s, mlns, or blns using alpha multiplier Notes: 1. uses plot* and custom hma functions 2. swma has a fixed length = 4, alma and linreg have additional offset and smoothing params Feel free to use. Good Luck!
Pine Script™ indicator
by RagingRocketBull
1
The Normalizer [BVCC]The Normalizer adds an indicator to your chart with the option to view regular Volume, normalized Volume or normalized price. Normalized Volume divides the current Volume bar into a moving average and multiplies by 100. The resulting plot is a histogram showing how far above or below the moving average that volume bar was. Normalized Price does the exact same thing, but uses the close price of the current candle. The result of a normalized bar chart is that sometimes activities of unusually low or high patterns can be seen that are not obvious when looking at the standard data points. Customizable Settings include; 1) Check/Uncheck the first box to set the view to Volume or Price 2) Check 'Normalize' when on Volume to toggle between standard Volume and Normalized Volume 3) Price is always Normalized 4) Normalization is calculated from the SMA and the default is set to 9 - John Bollinger suggest setting this to 50 5) Normalization period can be set with the 'Period' option This indicator was created for members of the BVCC trading community as an example of the normalization methods described in John Bollinger's "Bollinger on Bollinger Bands". Mr. Bollinger talks extensively about normalization and specifically volume normalization. I added the price normalization as a fun bonus just because. :)
Pine Script™ indicator
by Fifth_Horizon