Trend Thrust Indicator - RafkaThis indicator defines the impact of volume on the volume-weighted moving average, emphasizing trends with greater volume.
What determines a security’s value? Price is the agreement to exchange despite the possible disagreement in value. Price is the conviction, emotion, and volition of investors. It is not a constant but is influenced by information, opinions, and emotions over time. Volume represents this degree of conviction and is the embodiment of information and opinions flowing through investor channels. It is the asymmetry between the volume being forced through supply (offers) and demand (bids) that facilitates price change. Quantifying the extent of asymmetry between price trends and the corresponding volume flows is a primary objective of volume analysis. Volume analysis research reveals that volume often leads price but may also be used to confirm the present price trend.
Trend thrust indicator
The trend thrust indicator (TTI), an enhanced version of the volume-weighted moving average convergence/divergence (VW-Macd) indicator, was introduced in Buff Pelz Dormeier's book 'Investing With Volume Analysis'. The TTI uses a volume multiplier in unique ways to exaggerate the impact of volume on volume-weighted moving averages. Like the VW-Macd, the TTI uses volume-weighted moving averages as opposed to exponential moving averages. Volume-weighted averages weigh closing prices proportionally to the volume traded during each time period, so the TTI gives greater emphasis to those price trends with greater volume and less emphasis to time periods with lighter volume. In the February 2001 issue of Stocks & Commodities, I showed that volume-weighted moving averages (Buff averages, or Vwmas) improve responsiveness while increasing reliability of simple moving averages.
Like the Macd and VW-Macd, the TTI calculates a spread by subtracting the short (fast) average from the long (slow) average. This spread combined with a volume multiplier creates the Buff spread
X-volume
Volume+DeltaIndicator shows Volume and Delta, if Delta is positive - its green, if negative - its red
Heatmap Volume [xdecow]This indicator colors the volume bars and candles according to the volume traded. The calculation of the heat map zones is done as follows:
how many standard deviations the volume are distant from the average volume?
For a better visual experience, place the borders and wicks of the candles in a neutral color.
Price/Volume momentumThis indicator will help you measure when to keep adding on your longs and when to get out.
What you want to see is increasing price with increasing volume to keep adding.
You can also begin to enter a position that has changing momemtum, meaning the volume/price pair has stop going down and it's reversing.
I use this indicator with my volatility indicator and my Matrix indicator on the daily
Banabi Hacim by HassonyaThe Banabi Hacim indicator shows you the movement of volume in the last bar in terms of percentage buying and selling directions. You can use it in any period you want. It is designed to help you and give you ideas for buying or selling. It will be your assistant in critical places where you are thinking of buying or selling.
Thanks for supports
TÜRKÇE AÇIKLAMA
Banabi Hacim indikatörü size son barda gerçekleşen işlem hacim hareketini yüzdesel olarak alış ve satış yönlü olarak gösterir. İstediğiniz periyotta kullanabilirsiniz. Alım yada satım yapmak için size yardımcı olmak ve fikir vermek için tasarlandı.
Destekleriniz için teşekkürler
Hayrını görün sevgiler
Delta Volume Weighted - IntradayResets at the start of the day's session (9:50 am on the ASX).
Takes the first candle and checks if its a green candle (close > open), and adds the volume to a total (which starts at 0 at the start of the day).
Subtracts it if the candles in red.
Continues to do this along with all the candles.
The volume is also multiplied by the difference between open and close so that large candles with large volume have more weight and move the indicator more.
Cumulative Volume AverageHey traders!
I've received dozens of requests for this style of Cumulative Volume indicator over the past year since I released my RVOL By Time and standard RVOL indicators.
After studying Pine Script deeply and using a bit of old fashioned trial and error over the past few months, I finally got it to work!
This script adds up the cumulative volume throughout any given trading day (the blue & green volume bars) on any given intraday timeframe on any given market - and then it compares that cumulative volume value to the total volume of the previous day AND the average cumulative volume of the previous X days for whatever time of day the current bar is printing on.
By default it compares today's cumulative volume to yesterday's, but you can set the Lookback higher in the settings menu if desired.
It even takes into consideration random gaps in price action (unlike my RVOL By Time indicator) – so as far as I can tell, it’s as accurate as I can possibly make it.
However it does not work on extended hours for stocks so don’t use it if you have pre-market hours enabled. And there is an inbuilt limitation to how many bars a script can reference on TradingView, so on 5-minute timeframes and lower your Lookback period will be limited and may crash the script if you set it too high.
The PURPLE LINE is the total volume of the previous day.
The GRAY COLUMN is the average cumulative volume of the previous X days.
The COLORED COLUMN is the current cumulative volume for the current bar.
The BLACK LINE is the Previous Cumulative Volume Line which represents the average cumulative volume for the past X days. It only draws if today’s CV exceeds the average – this is useful for comparing exactly how far today’s cumulative volume exceeds the average, but it can be turned off in the Style menu if you don't want it there.
The ORANGE NUMBER is the ratio of today's CV compared to the average (CV ÷ Average CV).
If the current cumulative volume is less than the previous day's cumulative volume for that time of day, the bar is blue.
If the current cumulative volume is greater than the previous day's cumulative volume for that time of day, the bar is dark green.
If the current cumulative volume is greater than the previous day's total volume, the bar is bright green.
This script also comes with alert functionality.
You can set a Cumulative Volume Alert which will trigger an alert if the current bar's cumulative volume exceeds the average cumulative volume for that time of day.
You can also set a Total Cumulative Volume Alert which will trigger an alert only if the current bar's cumulative volume exceeds the total volume of the previous day.
And you can set a CV Ratio Alert which will trigger an alert if today's CV ÷ Average CV >= Specified Ratio.
Apart from that, the script is fairly self-explanatory so I hope you enjoy using it!
Check my signature for a link to the source code + all my other indicators.
Good luck with your trading, and feel free to drop any suggestions or bug reports and I'll do my best to help out :)
Kind regards,
Matthew
Market EmotionsThis is a simple and fun indicator I built out of boredom one night. It's great for a quick laugh, but other than that, it's useless. It simply displays emotes for various thresholds of change in price between the open and close of a candle. For example, unicorn candles are any candles that gain 25% or more from opening price to closing price.
"ALL" BITCOIN EXCHANGE VOLUME + 4EMAsThis indicator includes 16 Spot and Futures BTC exchanges and a 4 EMA fan to signify increasing or decreasing volume trends.
GreyPool VSA VolumeGreyPool VSA Volume Indicator
Color Key:
Blue = Below Average or Low Volume
Purple = Average Volume
Orange = High Volume
Red = Very High Volume
Symbol Key:
Circle = Test on Low Volume
Diamond = TrapUp or TrapDown Bar on High or Very High Volume
Star = Climactic Action Bar
Background Highlight Key:
Green Background = Last 3 bar were increasing high or very high volume including a climactic action DOWN bar or trap DOWN bar
Red Background = Last 3 bars were increasing high or very high volume including a climactic action UP bar or trap UP bar
Available Alerts:
When a Green or Red background appears
When a Climactic Action Up or Down bar appears
Aggregate BTC VolumeSimple script that shows the aggregate volume of BTC, taking volume data from top spot and derivative exchanges.
Price/Volume Value HistogramAn interesting implementation of mine to measure an asset changes based on asset price velocity and volume velocity. The indicator acts as asset value calculator. Long and Short.
==Points System Rules==
UPTRENDING
If Current Close is higher than previous Close and Current Volume is bigger than previous Volume: Adds Close Points and Volume Points
Otherwise check
If Current Close is higher than previous Close: Adds Only Close Points
DOWNTRENDING
If Current Close is lower than previous Close and Current Volume is bigger than previous Volume: Reduces Close Points and Volume Points
Otherwise check
If Current Close is lower than previous Close: Reduces Only Close Points
==Plotting==
Result of the values are summed up to a histogram.
Obviously on increasing prices and volume the histogram will be above zero line and on the Bullish side (green color), otherwise, on the Bearish side (red color).
You can't cheat the price movement, it's just what it is.
Optional to smooth it by EMA (set to true by default).
Like if you Like and Enjoy!
Follow for upcoming indicators.
Bitcoin M2 supply adjusted priceThis script plots bitcoin candles adjusted by M2 supply (blue line), helping the trader to obtain insight of new support/resistance levels adjusted by M2 supply.
Note: As it was not possible to make the price adjust automatically by the last M2 value (pinescript limitation, I guess), the input parameter "M2Last" must be updated manually observing the last M2 value in blue curve.
Volume Brakeout v1Volume Brakout indicator is used to help determine trend direction strictly based on Negative and Positive volume data.
How to Read:
- Moving Average crossovers are used to help determine a possible trend change or retracement.
- The area cloud on the bottom is calculated by the difference of the moving averages. This could be used to help determine the trending volume strength.
- Bright colored volume bars are large volume spikes calculated by the x factor in the options.
Other changes:
- Volume Depth is going open source with numerous of its indicators. This is only one of many!
- Volume is now displayed without being altered for calculations.
Custom VWAP With TPHello everyone its 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
Note: we are using internal once per bar close its mean indicator not repainted
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
➤ there are 4 Takes profit from Long side with Alerts
➤ there are 4 Takes profit from short side with Alerts
➤ Indicator signal Starting time by default Indian NSE market Open time
➤ Close Trade with time you can also alert closing time by default 15:15 GMT+5:30
Important: This Indicator we are using for Automation Trading if You Want This Indicator Access Please Contact me PM on Tradingview
MVolume‴ | Multi Volume Indicator‴Hello Traders!
This simple but yet efficient indicator view presents the Volume with the following benefits:
1. both buyer and seller volume are shown separately and above zero line, this way its possible to see which side is dominant;
2. both buyer and seller volume are shown separately, with buyers above the zero line and sellers bellow the zero line. The dominant side is shown in its darker color version;
3. 20 period Moving Average line is calculated separately and plotted for each side (buyer/seller);
4. 50% of the 20 period Moving Average line is calculated separately and plotted for each side (buyer/seller);
5. possibility to apply Directional OHLC values to enhance the buyer/seller movement interpretation.
p.s.: the chart presents two MVol indicators to let you see the different possible views.
To request access to this invite-only script, please DM me.
Cumulative Volume v3The script, for Pine Script version 3, shows how to accumulate volume values during a defined session/period.
The input is the period to use for accumulation. "D" is the default value, useful to view data for each session.
This is slower than version 4 because there is no "var" and you need to use a loop. Also, you can't use "sum( volume , cnt_new_day)" with a variable length argument instead of "for".
DePriExchange weighted price for cryptocurrencies
DECENTRALIZED PRICE CHART FOR DECENTRALIZED WORLD
See non-manipulated , globally price action that comes from whole liquidity!
The main idea behind this script is that...
The value of each trading pair finally determined globally and the price displayed in exchanges is its own and not global! differences between exchanges, reduced to near zero gradually by market makers and arbitrages, so..
Every min tick price changes Must be backed by liquidity to be part of the global fluctuations
more liquidity gives it more credibility
more credibility give it more weight
..Against opposing movements.
This script can collect price of crypto pairs from 12 exchanges that listed on TV and have effective volume.
In the first step, summarizes the volume of all exchanges and creates the total volume
In the next step, divide each exchange volume to total volume to obtain relative weight of each exchange.
In the final step, multiply each exchange price to weight of itself and summarizes these numbers .. now, we have Exchange weighted price!
The results on high liquidity pairs like BTCUSDT, ETHUSDT, is not much differ then simple chart but when you apply it on lower liquidity, lower time frames of altcoins, you realize its benefits and usefulness. Altcoins chart in composite and simple mode is very differ, I hope you enjoy from TRUE CHART.
With this, also you can..
Filter and smooth candlestick chart with SMA or EMA
Plot a line chart of pair at your desired frame separate from the main chart for monitor important price levels
Get realtime report of whole volume of pair on included exchanges
Get realtime report of each exchange weight and share
Note.1:
some of pairs queted on more than one like BTCUSD, BTCUSDT, BTCUSDC and etc. In this pairs we choose the one that usually has more volume on that exchange.
Note.2:
At this time, supported queted currencies are BTC, ETH, USD, USDT, BUSD, USDC, USDK.
Note.3:
This script is relatively heavy! This is not cuz of bad coding.
Each bar compution contains at least one plot and some of security calls, so 10 to 15 seconds is normal load time.
Note.4:
You can combine this with your price action base scripts and use balanced OHLCV. The necessary explanations about this are available in the code.
Note.5:
You must only include exchanges that support your ticker, Otherwise you will receive an error.
I hope it comes useful to you.
DAX VolumeDAX index (DEU30) hourly volume indicator, which is obtained by adding the sum of the underlying stocks volume.
The volume is displayed in millions of EUR.
Sumon Pal Volume Osc
This is a volume oscillator calculated by the volume action on each bar price movement over a period of time.
When the short term volume(green line) is above the long term volume line(red)it indicates volume is coming and buying pressure may be observed.
Similarly when the short term volume is below the long term, volume is getting liquidated and selling pressure may be observed.
This indicator alone can't be used for buying or selling decision. This indicator can be used along with price action break out or break down level to get an idea whether volume is supporting the break out/down or not.
Disclaimer: Backtest this indicator with price action over a period of time and understand how it works before taking any trading decision. Trading in equity is always risky. Asses your risk profile and trade by managing proper risk.
Closing RangeIndicator shows the closing range of each bar. Closing range is where the bar closes (high - close) relative to the length of the wick (high - low). A close at the top of the wick would be 100%, middle 50%, bottom 0%.
In addition, the indicator multiplies closing range by volume to weight toward high volume days.
A simple moving average is applied to visualize trend in volume-weighted closing range over time.
Options include changing the threshold of bullish closes. The default is 50%, but you can view a close above 40% as a bullish.
Simple moving average can be enabled/disabled as well as the length adjusted.
VWAP OscillatorToday I'm proposing a simple VWAP oscillator script to trade buy and sell waves more easily.
You trade this similar to how you trade Awesome Oscillator, so if you want an explanation just look up YT videos.
In addition to that, this will also show volume squeezes, please note that this is a makeshift way and not real volume squeeze phenomena of volume profile and tape. None the less, it is quite good at allowing you to ride out good trending waves and locate weak price action due to volume squeeze. You can turn off bar coloring from settings if you don't want this.
For ease of reading, I've also applied Allenstars Dynamic zones on this indicator so you can easily locate where the reading is entering in long and where it is in sell, this is compared to selected sample size. I've already selected the most common setting for that, so you don't really need to fiddle with it unless you find something better.
This indicator can be used to trade divergences as well, in fact, I feel it is better for that compared to RSI/MACD, the usual suspects.
Past performance is not assurance of future performance and this idea is published for only educational purposes, author taken no responsibility for your profit or loss.
