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Volume drift// This work is licensed under Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International // creativecommons.org // © BigBeluga //@version=6 indicator('Volatility Drift ', 'Volatility Drift ', overlay = true, max_lines_count = 500, max_labels_count = 500) // ＩＮＰＵＴＳ ――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――{ // Input parameters for length, momentum, and source data int vd_length = input.int(10, 'VD Length') // Length of the VD calculation int vd_momentum = input.int(20, 'VD Momentum') // Momentum length for VD float band_distance = input.float(2, 'Distance factor for upper/lower bands', step = 0.1) // Distance factor for upper/lower bands // Define pivot parameters int pivot_left_bars = 3 // Left side pivot bars int pivot_right_bars = pivot_left_bars // Right side pivot bars float source = input.source(close, 'Source') // Source for vd calculation // Define colors for up and down trends color up_trend_color = input(#17dfad, '+', group = 'Color', inline = 'c') // Color for uptrend color down_trend_color = input(#dd326b, '-', group = 'Color', inline = 'c') // Color for downtrend bool shadow = input.bool(true, 'Shadow', group = 'Color', inline = 'c') // Initialize variables for line, volume, and trend state var line pivot_line = na // Variable for storing line references var float volume_value = na // Variable for storing volume data float smoothed_value = na // Smoothing variable for vd trend levels var bool is_trend_up = false // Boolean variable for tracking trend direction // Initialize arrays for storing line and volume information var array liquidity_lines_low = array.new(500) // Array for storing lines for lows var array liquidity_lines_high = array.new(500) // Array for storing lines for highs var float up_trend_volume = na // Volume accumulated during uptrend var float down_trend_volume = na // Volume accumulated during downtrend // } // ＦＵＮＣＴＩＯＮＳ―――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――{ // Define vd (Variable Index Dynamic Average) function vd_calc(src, vd_length, vd_momentum) => float momentum = ta.change(src) float sum_pos_momentum = math.sum(momentum >= 0 ? momentum : 0.0, vd_momentum) float sum_neg_momentum = math.sum(momentum >= 0 ? 0.0 : -momentum, vd_momentum) float abs_cmo = math.abs(100 * (sum_pos_momentum - sum_neg_momentum) / (sum_pos_momentum + sum_neg_momentum)) float alpha = 2 / (vd_length + 1) var float vd_value = 0.0 vd_value := alpha * abs_cmo / 100 * src + (1 - alpha * abs_cmo / 100) * nz(vd_value ) ta.sma(vd_value, 15) // Method to extend lines and add labels for liquidity levels method extend_liquidity_lines(array line_array, float price_level, bool is_cross, volume_val) => if line_array.size() > 0 and last_bar_index - bar_index < 5000 for i = 0 to line_array.size() - 1 by 1 if i < line_array.size() line liquidity_line = line_array.get(i) float current_line_level = line.get_y2(liquidity_line) bool price_cross = is_cross ? price_level < current_line_level and price_level >= current_line_level : price_level > current_line_level and price_level <= current_line_level bool is_short_line = bar_index - line.get_x1(liquidity_line) < 50 if price_cross and is_short_line line.set_x2(liquidity_line, bar_index) line_array.remove(i) // Add volume label to the liquidity zone label.new(bar_index - 1, price_level , str.tostring(volume_val, format.volume), color = color.rgb(0, 0, 0, 99), style = is_cross ? label.style_label_lower_left : label.style_label_upper_left, textcolor = chart.fg_color, size = size.small) // Add a circle label to represent liquidity zone label.new(bar_index - 1, price_level , text = '◉', color = #00000003, textcolor = is_cross ? down_trend_color : up_trend_color, style = label.style_label_center, size = size.normal) // } // ＣＡＬＣＵＬＡＴＩＯＮＳ――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――{ // Calculate the Average True Range (ATR) float atr_value = ta.atr(200) // ATR calculation with length of 200 // Calculate the vd (Variable Index Dynamic Average) vd_value = vd_calc(source, vd_length, vd_momentum) // Calculate upper and lower bands based on vd and ATR float upper_band = vd_value + atr_value * band_distance float lower_band = vd_value - atr_value * band_distance // Detect trend direction using crossovers of source with bands if ta.crossover(source, upper_band) is_trend_up := true is_trend_up if ta.crossunder(source, lower_band) is_trend_up := false is_trend_up // Set trend-based smoothing variable if is_trend_up smoothed_value := lower_band smoothed_value if not is_trend_up smoothed_value := upper_band smoothed_value if ta.change(is_trend_up) smoothed_value := na smoothed_value // Calculate pivot highs and lows for price action bool pivot_high = not na(ta.pivothigh(pivot_left_bars, pivot_right_bars)) bool pivot_low = not na(ta.pivotlow(close, pivot_left_bars, pivot_right_bars)) // Create and store lines for pivot lows (support zones) if low > smoothed_value and pivot_low pivot_line := line.new(bar_index , low , bar_index + 5, low , color = color.new(up_trend_color, 50)) liquidity_lines_low.push(pivot_line) volume_value := math.sum(volume, pivot_right_bars + pivot_left_bars) / (pivot_right_bars + pivot_left_bars) volume_value // Create and store lines for pivot highs (resistance zones) if high < smoothed_value and pivot_high pivot_line := line.new(bar_index , high , bar_index + 5, high , color = color.new(down_trend_color, 50)) liquidity_lines_high.push(pivot_line) volume_value := math.sum(-volume, pivot_right_bars + pivot_left_bars) / (pivot_right_bars + pivot_left_bars) volume_value // Extend lines to track price movements liquidity_lines_high.extend_liquidity_lines(smoothed_value, true, volume_value) liquidity_lines_low.extend_liquidity_lines(smoothed_value, false, volume_value) // Detect changes in the trend direction bool trend_cross_up = not is_trend_up and is_trend_up bool trend_cross_down = not is_trend_up and is_trend_up // Reset volume counters when trend changes if ta.change(trend_cross_up) or ta.change(trend_cross_down) up_trend_volume := 0 down_trend_volume := 0 down_trend_volume // Accumulate volume during trends if not(ta.change(trend_cross_up) or ta.change(trend_cross_down)) up_trend_volume := up_trend_volume + (close > open ? volume : 0) down_trend_volume := down_trend_volume + (close < open ? volume : 0) down_trend_volume // Calculate average volume float avg_volume_Drift = (up_trend_volume + down_trend_volume) / 2 // Determine the color of the trend color trend_color = is_trend_up ? up_trend_color : not is_trend_up ? down_trend_color : chart.fg_color // Calculate Drift volume percentage string Drift_volume = str.tostring((up_trend_volume - down_trend_volume) / avg_volume_Drift * 100, format.percent) == 'NaN%' ? '0%' : str.tostring((up_trend_volume - down_trend_volume) / avg_volume_Drift * 100, format.percent) // } // ＰＬＯＴ ――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――――{ // Display labels for volume and trend statistics on the last bar if barstate.islast label.delete(label.new(bar_index, smoothed_value, 'Buy: ' + str.tostring(up_trend_volume, format.volume) + ' Sell: ' + str.tostring(down_trend_volume, format.volume) + ' Drift Volume: ' + Drift_volume, color = color.new(trend_color, 90), style = is_trend_up ? label.style_label_upper_left : label.style_label_lower_left, textcolor = chart.fg_color) ) label.delete(label.new(bar_index, smoothed_value, text = '✪', color = #00000003, textcolor = trend_color, style = label.style_label_center, size = size.large) ) // Plot the vd trend line p1 = plot(smoothed_value, color = trend_color, linewidth = 2, style = plot.style_linebr) p2 = plot(hl2, display = display.none) // Fill between the plot and the vd line fill(p1, p2, smoothed_value, hl2, color.new(trend_color, shadow ? 80 : 100), na) // Plot trend change markers (up and down arrows) plotshape(series = trend_cross_up ? smoothed_value : na, title = 'Trend Up', style = shape.labelup, location = location.absolute, color = color.new(up_trend_color, 50), text = '▲', textcolor = chart.fg_color) plotshape(series = trend_cross_down ? smoothed_value : na, title = 'Trend Down', style = shape.labeldown, location = location.absolute, color = color.new(down_trend_color, 50), text = '▼', textcolor = chart.fg_color) // }
NSE:SKIPPER
by niks_nidhi
1
Is the hangover OVER for this stock??This stock is drunk...300 being key level...if that breaks....hello 100s or even 2 digit area....Lets face it, we are in a mini bearish market trend in an overall bull trend, the question is when will FIIs stop their selling spree?? I have no idea, but this company is in the business of making booze....and booze never goes out of demand.....I am buying small quantities with multiple sell orders till its life time high....will average down if I have to.....If you're buying, don't put more than 0.5% overall capital and add 0.1% with every 5% dip.....that's my strategy anyway...use your own risk management....
NSE:SULALong
by Roopesh80
Bajaj Consumer Looking Bearish From Here 1. **Bajaj Consumer Care Ltd.** is a leading Indian FMCG company specializing in personal care and hair care products. 2. It is a part of the **Bajaj Group**, a well-established business conglomerate with a strong legacy. 3. The company is best known for its flagship product, **Bajaj Almond Drops Hair Oil**, which holds a significant market share in India. 4. Headquartered in Mumbai, Bajaj Consumer has a strong presence in both **domestic and international markets**. 5. **Management:** The company is led by **Jaideep Nandi**, who serves as the **Managing Director**, supported by an experienced leadership team. 6. Bajaj Consumer’s business model is centered around **innovation, brand-building, and expanding its product portfolio** in the personal care segment. 7. The company follows an **asset-light manufacturing strategy**, outsourcing production while focusing on branding and distribution. 8. Bajaj Consumer leverages a **wide distribution network**, including retail stores, e-commerce, and rural markets, to maximize reach. 9. It has been expanding into new product categories such as **skincare and premium hair care**, catering to evolving consumer preferences. 10. With a focus on **sustainable growth and digital transformation**, Bajaj Consumer aims to strengthen its market position and enhance shareholder value.
NSE:BAJAJCONShort
by TheGoldenFarmsofEquity
Reliance Build Long Set Up From Here 1. **Reliance Industries Limited (RIL)** is one of India's largest conglomerates, headquartered in Mumbai, founded by **Dhirubhai Ambani** in 1966. 2. The company operates in diverse sectors, including **petrochemicals, refining, telecommunications, retail, and digital services**. 3. RIL is India's most valuable company by market capitalization and a Fortune Global 500 entity. 4. **Mukesh Ambani** serves as the **Chairman and Managing Director**, leading the company’s expansion into new-age businesses like Jio and green energy. 5. The company’s business model is vertically integrated, spanning **upstream to downstream operations** in oil & gas, along with a strong focus on consumer businesses. 6. **Reliance Jio**, its telecom arm, revolutionized India's digital landscape by making data affordable and accessible. 7. **Reliance Retail** is the country’s largest retailer, operating supermarkets, fashion stores, and e-commerce platforms. 8. RIL is investing heavily in **renewable energy**, with plans to build gigafactories for solar, hydrogen, and battery storage solutions. 9. The company has strategic partnerships with global giants like Facebook, Google, and BP, enhancing its digital and energy initiatives. 10. With a vision for a sustainable future, Reliance continues to diversify, focusing on **innovation, digital transformation, and green energy expansion**.
NSE:RELIANCELong
by TheGoldenFarmsofEquity