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Volume Wave V.1.0Volume wave Indicator is an important tool in the Wyckoffian Analysis of the stocks. It helps to understand the changing / continuation of bullish and bearish sentiment or the Buying and selling pressure. It also helps to understanding the waxing and waning buying and selling pressure and forewarns the changing sentiment. Along with the Price wave it helps to understand the effort and result ratios and the consequent effect on the stocks.
Pine Script™ indicator
by karthikmarar
11
Volume CloudsI know it isn't much, but it is my first time coding an indicator! You might need to modify distance to fit the volatility and time frame of the chart you are looking at (if candles stay on top of cloud in an ugly mess, increase distance until signals can be seen). Sometimes heikin ashi candles can really help clear the picture up as well. How to use: The lines are the Volume Weighted Moving Average (green) and Simple Moving Average (red). Cloud is green when VWMA is above SMA ( bullish ) and red when SMA is above VWMA ( bearish ). The thicker the cloud, the stronger the signal. Also, the farther price strays from the cloud, the more pressure there is for it to return. Look for divergences: When price passes below a green cloud you have a bullish divergence (or if cloud turns green at crossing point) Price pass above red cloud = bearish divergence. Or confirmations: Price passes below red cloud = bearish confirmation. Price pass above green cloud = bullish confirmation. I hope this helps you at least a little! Twitter: GarrettZ
Pine Script™ indicator
by GarrettZ
Volume Conversion IndicatorVolume Conversion Indicator The volume conversion indicator is much like the in-built volume indicator. This particular volume indicator allows you to find out how much of something has been traded in a given timeframe. This is done by multiplying volume by the average price at that point. What does this mean? Well, say, for example, you were watching DGB/BTC (DigiByte/Bitcoin). Instead of the volume being displayed in the amount of DGB traded, the amount of BTC traded is displayed instead. Feel free to comment... Hope this helps :D
Pine Script™ indicator
by SquishyPea
Percentage Volume Oscillator (PVO) Copyright by HPotter v1.0 28/04/2017 The Percentage Volume Oscillator (PVO) is a momentum oscillator for volume. PVO measures the difference between two volume-based moving averages as a percentage of the larger moving average. As with MACD and the Percentage Price Oscillator (PPO), it is shown with a signal line, a histogram and a centerline. PVO is positive when the shorter volume EMA is above the longer volume EMA and negative when the shorter volume EMA is below. This indicator can be used to define the ups and downs for volume, which can then be use to confirm or refute other signals. Typically, a breakout or support break is validated when PVO is rising or positive.
Pine Script™ indicator
by HPotter
Advance/Decline Volume Line The Advancing-Declining Volume Line (AD Volume Line) is a breadth indicator based on Net Advancing Volume, which is the volume of advancing stocks less the volume of declining stocks. Net Advancing Volume is positive when advancing volume exceeds declining volume and negative when declining volume exceeds advancing volume. The AD Volume Line is a cumulative measure of Net Advancing Volume. It rises when Net Advancing Volume is positive and falls when Net Advancing Volume is negative. Chartists plot the AD Volume Line for a specific index and compare it to the performance of that index. The AD Volume Line should confirm an advance or a decline with similar movements. Bullish or bearish divergences in the AD Volume Line signal a change in buying or selling pressure that could foreshadow a reversal in the index.
Pine Script™ indicator
by HPotter
5
[ST] Volume Flow v6Latest update to the volume flow indicator. It calculates volume fraction up and down based on candle shape: body counts twice one way, wicks count both ways. Total volume (positive + negative) is the regular volume. Additionally, I added breakout detection, oscillator, colored candles for easy trend following, reversal warnings, high and low volume alarms. Every aspect uses volume for calculations. What some parts mean : i.imgur.com Hope this helps someone, I use it myself as signals for confirmations. Tips are cool, but saying thanks is plenty as well :)
Pine Script™ indicator
by spacetrader
48
Hidden Gap`s VSA Volume If Volume is less then the previous 20 intervals, Volume is gray. If Volume is greater then the previous 40 intervals, Volume is black. If Volume is less then the previous 2 intervals, Volume is purple. If Volume is less then the previous, Volume is red. If Volume is greater then the previous, Volume is blue. Other - white. You can add on the indicator a 2.5 Standart Deviation of a 20 period Bollinger Band Shifted 3 periods forward.
Pine Script™ indicator
by HPotter
9
Cooltoyz: market shaker v1.0Panicking over a big ass candle? wondering what's happening on a flat market? Despair no more, this indicator could help with that :) The market Shaker calculates the price differences, and weights them with the volume used for the move. This volume is not the plain value, but a measure of the past X volume candles. Examples: price moves 3%, but with a volume of only ~80% of last candles. looks like weak move price moves 0.4%, but the volume was a massive 220% bigger than last candles. something happened, even if the market absorbed it all, better pay attention. in each case, the shaker indicator makes the calculated value bigger/smaller to account for the volume weight of the move. It's also i real time, the current candle weight is considered on how much time it remains to close. Example, on the 1H chart, if the last candle is 45min to close, the values for the volume are weighted to 25%, since is only 15min "old", while all the other candles are 1h, so the candle is only 25% of it's time to close. The indicator options has the arguments required to tune the indicator, the candles minutes must match the chart, or the results go crazy.
Pine Script™ indicator
by deimosaffair
6
Hersheys Volume Pressure v2Hersheys Volume Pressure gives you very nice confirmation of trend starts and stops using volume and price. For up bars... If you have a large price change with low volume , that's very bullish . If you have a small price change with low volume , that's bullish . For down bars... If you have a large price change with low volume , that's very bearish . If you have a small price change with low volume , that's bearish . Look at the chart and you'll see how trends start and end with a PINCH and widen in the middle of the moves. You can set the moving average period, 14 is the default. Good trading! Brian Hershey v2 change log... - issue with price gaps - gaps at the open were sometimes showing incorrect colors - scaling issues - sometimes a change is so large it scales down all nearby data and renders it hard to view. Code was added to clip those huge values. v3 what's coming next... - better scaling - sometimes with thinly traded stocks there is too much clipping. For now increase the chart interval to correct.
Pine Script™ indicator
by bnh
2
FHX Bands (VWMA BB)This study is an optimized version of Bollinger Bands based on volume weighted data points: more volume on a bar gives those prices a higher impact. FHX bands base on the assumptions of auction market theory (e.g., as does volume profiling). Bollinger Bands implicitly assume a uniform probability mass function for data points and consider only the - somewhat arbitrary - close price. In contrast to this, FHX bands take all four available data points into account (OHLC) and use the volume at each candle* to define a probability mass function in order to compute mean and standard deviation. As an indicator, FHX bands could be used in the same way as BB to facilitate or confirm Break-Out trades and identify strong momentum moves. Settings for the standard deviation multiplier should be interpreted as follows (following the 68–95–99.7 rule): x standard deviation set to 1: ~32% chance that a move outside the bands is by chance x standard deviation set to 2: ~5% chance that a move outside the bands is by chance x standard deviation set to 3: ~0.3% chance that a move outside the bands is by chance This however assumes a fairly solid period of consolidation beforehand (visible through notable contraction of the bands) and a normal distribution of values within that consolidation period. Therefore users need to experiment within their time frame in order to identify a Length setting that suits their needs. Personally, I set Length to 21 or lower, depending on my targeted time frame. Note that the indicator does not test for normality in any way; you can, however, use a quick visual test using the fixed range volume profile indicator to increase its reliability. Good luck and mind your risk -fhx * of course tick data would be the real deal, but we work with what we have
Pine Script™ indicator
by fheinrichs
2
Hersheys Volume Pressure v1Hersheys Volume Pressure gives you very nice confirmation of trend starts and stops using volume and price. For up bars... If you have a large price range with low volume, that's very bullish. If you have a small price range with low volume, that's bullish. For down bars... If you have a large price range with low volume, that's very bearish. If you have a small price range with low volume, that's bearish. Look at the chart and you'll see how trends start and end with a PINCH and widen in the middle of the moves. Hersheys Volume Pressure is unique, in that it measures bull/bear pressure on each bar by itself. Other volume indicators like On Balnce Volume and Price Volume Trend use cumulative differences in the current and previous bar to show trends. You can set the moving average period, 14 is the default. Good trading! Brian Hershey
Pine Script™ indicator
by bnh
4
Hersheys CoCo VolumeCoCo Volume shows you volume movement of your symbol after subtracting the movement from another symbol, preferrably the sector or market the stock belongs to. My latest update to my CoCoVolume Indicator. It calculates today's volume percent over the 60 period average for both your symbol and index, and displays that difference. If the percent is over the max it highlights the color, showing BIG action for that stock. The last version was calculating the percent volume difference from yesterday to today for the stock and index and displaying the difference. The prior method had large swings on low volume stocks... this one shows the independent volume action much better. The default values will suit most stocks. You can set three variables... - the index symbol, default is SPY - the period for averaging, default is 60 - the max volume percent, default is 500 Good trading! Brian Hershey
Pine Script™ indicator
by bnh
1