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namdarimajid@gmail.com-Iranسلام بهت درصد خوبی میده، حالا توضیحاتش رو پایین می نویسم. به عشق فارسی زبون ها اول از همه این اندیکاتور اندیکاتور نوعی نیست فقط مخلوطی از 3 اندیکاتور و کانفیگ شده هست. این کار رو با توجه به محدودیت تعداد اندیکاتور انجام دادم من دو تا MA دارم و یه نوار که تشکیل شده از سه خط ( خط میانی و دو خط کناری ) و همینطور ناحیه هایی که احتمال واکنش قیمت زیاد. دو خط MA اگر خط میانی رو به پایین شکستن و خطوط سه تایی هم سبز شد با شرط اینکه قیمت پایین خط میانی باشه وارد پوزیشن buy بشین در غیر این صورت منتظر باشید که قیمت به پایین خط میانی برگردد، برای پوزیشن sell هم بالعکس امیدوارم بهتون جواب بده
Pine Script™ indicator
by namdarimajid
1
Technical Analysis Buy/Sell SignalsEMA Calculation: The script calculates two EMAs (short and long) for trend direction. MACD Calculation: MACD is calculated with user-defined inputs to capture momentum changes. RSI: The RSI is used to identify overbought and oversold conditions. Signal Generation: A buy signal is generated when the MACD line crosses above the signal line, RSI is below the oversold threshold, and the closing price is above the short EMA. A sell signal is generated when the MACD line crosses below the signal line, RSI is above the overbought threshold, and the closing price is below the short EMA. Alerts: Optional alerts are provided for buy and sell conditions.
Pine Script™ indicator
by prashant41092
DeFi Hungary Master IndicatorThe chart displays buy and sell signals using an indicator based on trend analysis. This indicator highlights potential entry (buy) and exit (sell) points for traders or investors across all trading pairs you wish to use. These levels are marked by green "BUY" and red "SELL" labels, which appear near key support and resistance levels or trend reversals. The white zigzag line represents important support or resistance levels, depending on the price's position. If the price is above the white zigzag line, it is likely to bounce off it. If the price is below the white zigzag line, it is likely to be rejected by it. It is ideal to set stop-loss orders below the support bands or above them, depending on the trend direction. When investing in spot markets, I always wait for the price to close above or below the given white support or resistance line across different time frames.
Pine Script™ strategy
by DeFiLevi
Supertrend EMA & KNNSupertrend EMA & KNN The Supertrend EMA indicator cuts through the noise to deliver clear trend signals. This tool is built using the good old Exponential Moving Averages (EMAs) with a novel of machine learning; KNN (K Nearest Neighbors) breakout detection method. Key Features: Effortless Trend Identification: Supertrend EMA simplifies trend analysis by automatically displaying a color-coded EMA. Green indicates an uptrend, red signifies a downtrend, and the absence of color suggests a potential range. Dynamic Breakout Detection: Unlike traditional EMAs, Supertrend EMA incorporates a KNN-based approach to identify breakouts. This allows for faster color changes compared to standard EMAs, offering a more dynamic picture of the trend. Customizable Parameters: Fine-tune the indicator to your trading style. Adjust the EMA length for trend smoothing, KNN lookback window for breakout sensitivity, and breakout threshold for filtering noise. A Glimpse Under the Hood: Dual EMA Power: The indicator utilizes two EMAs. A longer EMA (controlled by the "EMA Length" parameter) provides a smooth trend direction, while a shorter EMA (controlled by the "Short EMA Length" parameter) triggers color changes, aiming for faster response to breakouts. KNN Breakout Detection: This innovative feature analyzes price action over a user-defined lookback period (controlled by the "KNN Lookback Length" parameter) to identify potential breakouts. If the price surpasses a user-defined threshold (controlled by the "Breakout Threshold" parameter) above the recent highs, a green color is triggered, signaling a potential uptrend. Conversely, a breakdown below the recent lows triggers a red color, indicating a potential downtrend. Trading with Supertrend EMA: Ride the Trend: When the indicator displays green, look for long (buy) opportunities, especially when confirmed by bullish price action patterns on lower timeframes. Conversely, red suggests potential shorting (sell) opportunities, again confirmed by bearish price action on lower timeframes. Embrace Clarity: The color-coded EMA provides a clear visual representation of the trend, allowing you to focus on price action and refine your entry and exit strategies. A Word of Caution: While Supertrend EMA offers faster color changes than traditional EMAs, it's important to acknowledge a slight inherent lag. Breakout detection relies on historical data, and there may be a brief delay before the color reflects a new trend. To achieve optimal results, consider: Complementary Tools: Combine Supertrend EMA with other indicators or price action analysis for additional confirmation before entering trades. Solid Risk Management: Always practice sound risk management strategies such as using stop-loss orders to limit potential losses. Supertrend EMA is a powerful tool designed to simplify trend identification and enhance your trading experience. However, remember, no single indicator guarantees success. Use it with a comprehensive trading strategy and disciplined risk management for optimal results. Disclaimer: While the Supertrend EMA indicator can be a valuable tool for identifying potential trend changes, it's important to note that it's not infallible. Market conditions can be highly dynamic, and indicators may sometimes provide false signals. Therefore, it's crucial to use this indicator in conjunction with other technical analysis tools and sound risk management practices. Always conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
Pine Script™ indicator
by Ralphzayl
Trend Filtering v1.0Trend Filtering v1.0: Multi-Layered Trend Detection and Analysis The Trend Filtering v1.0 indicator combines powerful trend classification and filtering methods to assist traders in identifying potential market trends and reversals. Designed with versatility and customization in mind, it integrates multiple technical indicators to offer a comprehensive view of trend strength and direction, supporting traders in decision-making for entries, exits, and overall bias. Key Features and Components Ichimoku Cloud for Trend Direction The Ichimoku Cloud identifies general trend direction and potential reversal zones by analyzing price position in relation to its components: Tenkan-sen and Kijun-sen provide insight into short- and medium-term trend alignments. Senkou Span A and Senkou Span B form a shaded cloud area on the chart, with the cloud’s color shifting dynamically (green for uptrend, red for downtrend), highlighting bullish and bearish market biases. ATR-Based Trend Strength The indicator uses the Average True Range (ATR) to measure trend strength. Higher ATR values reflect increased volatility, reinforcing the validity of the ongoing trend when other conditions align. Bollinger Bands for Volatility Insights Bollinger Bands (BB) outline market volatility by containing price action within their upper and lower bands. A breakout from the bands can signal a continuation of the trend or emergence of a new one. RSI and MACD Confirmation RSI (Relative Strength Index): Confirms trend momentum; values above 50 indicate an upward trend, while values below 50 suggest a downward trend. MACD (Moving Average Convergence Divergence): Its histogram provides additional momentum confirmation, with positive values supporting uptrends and negative values supporting downtrends. Trend Classification System Scope of work: Ichimoku determines overall trend bias, ATR measures trend volatility, and Bollinger Bands indicate potential breakouts. RSI and MACD then confirm momentum, with all components aligning to classify the market as either bullish, bearish, or neutral. The indicator categorizes market conditions into three primary states, aiding traders in aligning their strategies with the prevailing trend: Strong Uptrend: Identified by multiple bullish indicators: Tenkan-sen above Kijun-sen. Price above both Senkou Span A and Senkou Span B. RSI above 50. Positive MACD histogram. Strong Downtrend: Characterized by bearish criteria: Tenkan-sen below Kijun-sen. Price below both Senkou Span A and Senkou Span B. RSI below 50. Negative MACD histogram. Neutral (Ranging): When none of the above conditions are strongly met, suggesting that the market may be range-bound, requiring additional indicators or tools to confirm entry points. Visualization and Usage Background Color Coding: The chart background color shifts based on the detected trend state, with green for strong uptrends, grey for neutral, and red for strong downtrends. This offers a quick visual reference for traders, indicating the market’s current bias. Dynamic Ichimoku Cloud: The cloud color reflects the relationship between Senkou Span A and B, shifting between green and red to signal bullish or bearish biases. Additional Visuals for RSI and MACD: Optional RSI and MACD plots are available, allowing traders to see confirmation signals at a glance without extra indicators. How to Use Trend Filtering v1.0 This indicator is best suited for 4-hour timeframes, offering a higher-level trend view that can be used to inform lower timeframe strategies (e.g., 1-hour) by matching identified trends with price action. Strong Uptrend: Favor long (buying) opportunities. Look for bullish price action confirmations, such as breakouts above resistance, on lower timeframes. Strong Downtrend: Favor shorting (selling) opportunities, confirmed by bearish price action on lower timeframes, such as breakouts below support. Neutral: Exercise caution, as trend direction is unclear. Look for additional indicators or price patterns for precise entries and exits. Customization and Additional Considerations The Trend Filtering v1.0 indicator offers customizable parameters, enabling adjustments for various markets and trading styles. Traders are encouraged to backtest and optimize settings for improved strategy alignment. Price Action Confirmation: While Trend Filtering v1.0 provides a strong trend framework, confirmations via price action on lower timeframes are essential. Risk Management: Due to potential false signals, especially in volatile or choppy conditions, using stop-losses and other risk management strategies is recommended. Note: For clearer charts, it’s recommended to disable individual indicators (Ichimoku Cloud, Bollinger Bands, etc.) in the settings, leaving only the trend classification results visible. This approach emphasizes trend filtering outputs, simplifying analysis. Disclaimer: Trend Filtering v1.0 combines Ichimoku, ATR, Bollinger Bands, RSI, and MACD to offer a robust trend detection system, suitable for enhancing trading bias and having a more robust decision-making strategy. Using this indicator alongside a disciplined approach, traders can gain insights into market direction and momentum to refine entries and exits. Remember, no single indicator guarantees success; it’s best used with sound risk management and additional analysis.
Pine Script™ indicator
by Ralphzayl
yunesalgoDescrizione dello Script "yunesalgo" Questo script in Pine Script unisce due strategie avanzate di trading: la logica ICT (Inner Circle Trader) e i concetti SMC (Smart Money Concepts) con l'analisi delle zone di domanda e offerta. L'integrazione di queste strategie mira a offrire un quadro più completo del comportamento del mercato, consentendo di identificare con precisione punti d’ingresso e uscita ad alta probabilità grazie all’unione di segnali tecnici e analisi delle dinamiche istituzionali. Struttura e Funzionalità dello Script Logica ICT e Smart Money Concepts (SMC): Ordini istituzionali (Order Blocks): Vengono identificati blocchi d’ordine rialzisti e ribassisti, aree chiave in cui i grandi operatori (smart money) potrebbero avere posizioni aperte. Queste zone suggeriscono potenziali inversioni o punti di continuazione della tendenza. Break of Structure (BoS): La rottura della struttura viene analizzata per identificare cambi di trend significativi. Quando un nuovo massimo o minimo viene creato, questo potrebbe indicare un cambio di tendenza o una sua continuazione, segnalando opportunità per prendere posizione. Fair Value Gaps (FVG): Gli squilibri di prezzo vengono rilevati per evidenziare gap significativi tra domanda e offerta, che spesso indicano aree in cui il prezzo potrebbe tornare per "riempire" il gap, potenzialmente fungendo da zone di interesse per il ritorno del prezzo. Swing High e Swing Low: La struttura di massimi e minimi aiuta a comprendere l’andamento ciclico del mercato, permettendo di confermare o negare la formazione di nuovi trend. Zone di Domanda e Offerta (Supply and Demand Zones): Identificazione e Creazione Automatica delle Zone: Lo script calcola e traccia automaticamente le zone di domanda (supporti) e offerta (resistenze), basate su punti chiave di inversione dell’azione di prezzo, permettendo di visualizzare aree di accumulazione o distribuzione di volumi. Estensione delle Zone in Base alla Volatilità: Le zone si aggiornano e si espandono in base ai cambiamenti di volatilità e ai movimenti recenti, mantenendo sempre una rappresentazione realistica e attuale delle dinamiche del mercato. Configurazione Multi-Timeframe: Ogni zona è personalizzabile per diversi timeframe, permettendo di adattare la lettura delle aree chiave in base al periodo di tempo osservato. Implementazione della Struttura di Mercato SMC per la Conferma di Trend: Trend Structure Logic: Viene utilizzata la logica SMC per confermare trend rialzisti o ribassisti attraverso l’identificazione di sequenze di massimi e minimi crescenti o decrescenti, che aiutano a validare l’efficacia della struttura corrente. Multi-Level Trend Analysis: Lo script analizza e conferma i trend su vari livelli di mercato, facilitando una visione globale delle condizioni di trading. Sistema di Take Profit (TP) e Stop Loss (SL): Livelli di TP Dinamici: Basati su valori ATR (Average True Range), i livelli di take profit sono posizionati in base a una logica di distribuzione delle uscite, permettendo di bloccare profitti in modo graduale. Il primo TP viene impostato vicino al prezzo di ingresso per proteggere il profitto, mentre i livelli successivi sono distanziati progressivamente per massimizzare il guadagno. Posizionamento dello Stop Loss: Il livello di stop loss viene calcolato automaticamente, consentendo un controllo del rischio basato sulla volatilità corrente e sui livelli di supporto e resistenza. Etichette Visibili per Ogni Livello: Ogni livello di TP e SL viene visualizzato con etichette chiare sul grafico, agevolando il monitoraggio della posizione e la gestione del rischio. Motivazione per la Fusione delle Due Strategie L'integrazione delle due strategie è stata pensata per combinare il meglio di entrambi gli approcci, compensando i limiti di ciascuno con i punti di forza dell’altro: Maggiore Precisione nei Segnali: La logica ICT permette di identificare movimenti istituzionali che anticipano inversioni e breakout, mentre l'analisi delle zone di domanda e offerta aiuta a individuare aree chiave dove il prezzo potrebbe trovare supporto o resistenza. Questa combinazione fornisce una maggiore probabilità di successo nei segnali generati. Adattabilità ai Timeframe e alle Condizioni di Mercato: Unendo analisi istituzionale e tecnica basata sulle dinamiche di prezzo, lo script risulta utile sia in trend di lungo termine che in operazioni di breve termine, rendendolo versatile e adattabile a diverse strategie di trading. Gestione Ottimizzata del Rischio e del Profitto: L'uso di livelli TP e SL automatici basati su ATR consente di ottimizzare l’uscita dalle posizioni in modo da massimizzare i profitti e ridurre le perdite, rendendo il trading più disciplinato e orientato al rischio. Conclusione Lo script "yunesalgo" offre un framework di trading avanzato che integra i concetti istituzionali di ICT e SMC con l’analisi delle zone di domanda e offerta, risultando ideale per i trader che cercano un approccio solido e personalizzabile per analizzare il mercato. Questa fusione delle logiche ICT/SMC e dell’analisi tecnica delle zone critiche consente di prendere decisioni informate, supportate da una metodologia coerente e flessibile atta a leggere le dinamiche del prezzo in modo approfondito. Description of the "yunesalgo" Script This Pine Script combines two advanced trading strategies: ICT (Inner Circle Trader) logic and SMC (Smart Money Concepts) with demand and supply zone analysis. The integration of these strategies aims to provide a comprehensive view of market behavior, allowing for precise identification of high-probability entry and exit points by merging technical signals and institutional dynamics analysis. Structure and Features of the Script ICT Logic and Smart Money Concepts (SMC): Institutional Orders (Order Blocks): Bullish and bearish order blocks are identified as key areas where large operators (smart money) may hold positions. These zones suggest potential reversals or continuation points. Break of Structure (BoS): Structure breaks are analyzed to identify significant trend changes. When a new high or low is created, it may indicate a trend change or continuation, signaling opportunities for entry. Fair Value Gaps (FVG): Price imbalances are detected to highlight significant gaps between supply and demand, often indicating areas where the price may "fill the gap," acting as potential points of interest. Swing Highs and Swing Lows: The high and low structure helps understand market cycles, allowing for confirmation or denial of new trend formations. Demand and Supply Zones: Automated Zone Identification and Creation: The script automatically calculates and plots demand (support) and supply (resistance) zones, based on key price reversal points, allowing visualization of volume accumulation or distribution areas. Zone Extension Based on Volatility: Zones are updated and expanded according to volatility changes and recent movements, maintaining a realistic and current representation of market dynamics. Multi-Timeframe Configuration: Each zone is customizable for different timeframes, allowing the adaptation of key area readings based on the observed time period. SMC Market Structure for Trend Confirmation: Trend Structure Logic: SMC logic is used to confirm bullish or bearish trends by identifying sequences of higher highs and higher lows or lower highs and lower lows, helping to validate the current trend. Multi-Level Trend Analysis: The script analyzes and confirms trends on various market levels, providing a global view of trading conditions. Take Profit (TP) and Stop Loss (SL) System: Dynamic TP Levels: Based on ATR (Average True Range) values, take profit levels are positioned following an exit distribution logic, enabling gradual profit locking. The first TP is set near the entry price to protect the profit, while subsequent levels are progressively spaced to maximize gains. Stop Loss Placement: The stop loss level is automatically calculated, allowing risk control based on current volatility and support and resistance levels. Visible Labels for Each Level: Each TP and SL level is displayed with clear labels on the chart, facilitating position monitoring and risk management. Rationale for Merging the Two Strategies The integration of the two strategies was designed to combine the best of both approaches, balancing the limitations of each with the strengths of the other: Higher Precision in Signals: ICT logic helps identify institutional movements that precede reversals and breakouts, while demand and supply zone analysis helps locate key areas where price may find support or resistance. This combination increases the success probability of generated signals. Adaptability to Timeframes and Market Conditions: By merging institutional and price-action-based technical analysis, the script proves useful in both long-term trends and short-term operations, making it versatile and adaptable to various trading strategies. Optimized Risk and Profit Management: Using ATR-based automatic TP and SL levels optimizes position exit to maximize profit and minimize losses, promoting a more disciplined and risk-oriented trading approach. Conclusion The "yunesalgo" script offers an advanced trading framework that integrates ICT institutional concepts and SMC with technical demand and supply zone analysis, making it ideal for traders seeking a solid, customizable approach to market analysis. This fusion of ICT/SMC logic and critical zone technical analysis allows for informed decision-making, supported by a consistent and flexible methodology for reading price dynamics in-depth.
Pine Script™ indicator
by elmabtoutiyounes
Average Yield InversionDescription: This script calculates and visualizes the average yield curve spread to identify whether the yield curve is inverted or normal. It takes into account short-term yields (1M, 3M, 6M, 2Y) and long-term yields (10Y, 30Y). Positive values: The curve is normal, indicating long-term yields are higher than short-term yields. This often reflects economic growth expectations. Negative values: The curve is inverted, meaning short-term yields are higher than long-term yields, a potential signal of economic slowdown or recession. Key Features: Calculates the average spread between long-term and short-term yields. Displays a clear graph with a zero-line reference for quick interpretation. Useful for tracking macroeconomic trends and potential market turning points. This tool is perfect for investors, analysts, and economists who need to monitor yield curve dynamics at a glance.
Pine Script™ indicator
by cryptoradz
Profit Hunter - RS Supernova中文說明 狩利 (Profit Hunter) - RS 超新星 是一款專為加密貨幣市場設計的相對強度篩選指標，靈感來自 Mark Minervini 和 William O'Neil 的投資理念。此指標透過「RS 超新星」篩選概念，幫助交易者聚焦在市場中的極端強勢標的，從而更精準地捕捉高潛力的進場機會。 指標用途 RS 評級 (RS Rating)：基於相對強度 (Relative Strength) 概念，將標的與整體市場 (TOTAL 指數) 進行比較，得出 RS 評級。當 RS 評級超過 85 時，該標的被視為具有極強的上漲動能，是潛在的進場目標。 高潛力篩選：此指標利用動態加權計算方式，篩選出相對強勢的標的，讓交易者可以聚焦於具有突破潛力的資產。 即時數據顯示：在圖表上即時顯示 RS 評級，提供清晰的數據支持，使交易者快速判斷標的的強度並做出即時決策。 狩利-RS 超新星 專為追求市場主流趨勢的交易者設計，特別適合應用 Minervini 和 O'Neil 理論的投資者。該指標幫助您在市場波動中篩選出最具相對強度的標的，確保每次進場都是基於高潛力的技術分析。 English Description Profit Hunter - RS Supernova is a relative strength (RS) filtering indicator specifically designed for the cryptocurrency market, inspired by the investment philosophies of Mark Minervini and William O'Neil. Through the concept of the "RS Supernova," this indicator helps traders focus on exceptionally strong assets within the market, enabling precise entry into high-potential opportunities. Indicator Purpose RS Rating: Based on Relative Strength (RS) analysis, the indicator compares the asset to the overall market (TOTAL index) to generate an RS Rating. When the RS rating exceeds 85, the asset is considered to have substantial upward momentum, marking it as a potential entry target. High-Potential Screening: Utilizing a dynamic weighted calculation, this indicator filters out assets with relative strength, allowing traders to concentrate on those with breakout potential. Real-Time Data Display: The RS Rating is displayed on the chart, providing clear data for quick assessment of asset strength and enabling real-time decision-making. Profit Hunter - RS Supernova is designed for traders seeking to capture mainstream market trends, especially those following Minervini and O'Neil's theories. This indicator aids in identifying the strongest assets amidst market fluctuations, ensuring each entry is backed by high-potential technical analysis.
Pine Script™ indicator
by ProfitHunter666
Effective Volume (ADV) v3Effective Volume (ADV) v3: Enhanced Accumulation/Distribution Analysis Tool This indicator is an updated version of the original script by cI8DH, now upgraded to Pine Script v5 with added functionality, including the Volume Multiple feature. The tool is designed for analyzing Accumulation/Distribution (A/D) volume, referred to here as "Effective Volume," which represents the volume impact in alignment with price direction, providing insights into bullish or bearish trends through volume. Accumulation/Distribution Volume Analysis : The script calculates and visualizes Effective Volume (ADV), helping traders assess volume strength in relation to price action. By factoring in bullish or bearish alignment, Effective Volume highlights points where volume strongly supports price movements. Volume Multiple Feature for Volume Multiplication : The Volume Multiple setting (default value 2) allows you to set a multiplier to identify bars where Effective Volume exceeds the previous bar’s volume by a specified factor. This feature aids in pinpointing significant shifts in volume intensity, often associated with potential trend changes. Customizable Aggregation Types : Users can choose from three volume aggregation types: Simple - Standard SMA (Simple Moving Average) for averaging Effective Volume Smoothed - RMA (Recursive Moving Average) for a less volatile, smoother line Cumulative - Accumulated Effective Volume for ongoing trend analysis Volume Divisor : The “Divide Vol by” setting (default 1 million) scales down the Effective Volume value for easier readability. This allows Effective Volume data to be aligned with the scale of the price chart. Visualization Elements Effective Volume Columns : The Effective Volume bar plot changes color based on volume direction: Green Bars : Bullish Effective Volume (volume aligns with price movement upwards) Red Bars : Bearish Effective Volume (volume aligns with price movement downwards) Moving Average Lines : Volume Moving Average - A gray line representing the moving average of total volume. A/D Moving Average - A blue line showing the moving average of Accumulation/Distribution (A/D) Effective Volume. High ADV Indicator : A “^” symbol appears on bars where the Effective Volume meets or exceeds the Volume Multiple threshold, highlighting bars with significant volume increase. How to Use Analyze Accumulation/Distribution Trends : Use Effective Volume to observe if bullish or bearish volume aligns with price direction, offering insights into the strength and sustainability of trends. Identify Volume Multipliers with Volume Multiple : Adjust Volume Multiple to track when Effective Volume has notably increased, signaling potential shifts or strengthening trends. Adjust Volume Display : Use the volume divisor setting to scale Effective Volume for clarity, especially when viewing alongside price data on higher timeframes. With customizable parameters, this script provides a flexible, enhanced perspective on Effective Volume for traders analyzing volume-based trends and reversals.
Pine Script™ indicator
by luc_crypto
Jackson Volume breaker Indication# Jackson Volume Breaker Beta ### Advanced Volume Analysis Indicator ## Description The Jackson Volume Breaker Beta is a sophisticated volume analysis tool that helps traders identify buying and selling pressure by analyzing price action and volume distribution. This indicator separates and visualizes buying and selling volume based on where the price closes within each candle's range, providing clear insights into market participation and potential trend strength. ## Key Features 1. **Smart Volume Distribution** - Automatically separates buying and selling volume - Color-coded volume bars (Green for buying, Red for selling) - Winning volume always displayed on top for quick visual reference 2. **Real-time Volume Analysis** - Shows current candle's buy/sell ratio - Displays total volume with smart number formatting (K, M, B) - Percentage-based volume distribution 3. **Technical Overlays** - 20-period Volume Moving Average - Dynamic scaling relative to price action - Clean, uncluttered visual design ## How to Use ### Installation 1. Add the indicator to your chart 2. Adjust the Volume Scale input based on your preference (default: 0.08) 3. Toggle the Moving Average display if desired ### Reading the Indicator #### Volume Bars - **Green Bars**: Represent buying volume - **Red Bars**: Represent selling volume - **Stacking**: The larger volume (winning side) is always displayed on top - **Height**: Relative to the actual volume, scaled for chart visibility #### Information Table The top-right table shows three key pieces of information: 1. **Left Percentage**: Winning side's volume percentage 2. **Middle Percentage**: Losing side's volume percentage 3. **Right Number**: Total volume (abbreviated) ### Trading Applications 1. **Trend Confirmation** - Strong buying volume in uptrends confirms bullish pressure - High selling volume in downtrends confirms bearish pressure - Volume divergence from price can signal potential reversals 2. **Support/Resistance Breaks** - High volume on breakouts suggests stronger moves - Low volume on breaks might indicate false breakouts - Monitor volume distribution for break direction confirmation 3. **Reversal Identification** - Volume shift from selling to buying can signal potential bottoms - Shift from buying to selling can indicate potential tops - Use with price action for better entry/exit points ## Input Parameters 1. **Volume Scale (0.01 to 1.0)** - Controls the height of volume bars - Default: 0.08 - Adjust based on your chart size and preference 2. **Show MA (True/False)** - Toggles 20-period volume moving average - Useful for identifying volume trends - Default: True 3. **MA Length (1+)** - Changes the moving average period - Default: 20 - Higher values for longer-term volume trends ## Best Practices 1. **Multiple Timeframe Analysis** - Compare volume patterns across different timeframes - Look for volume convergence/divergence - Use higher timeframes for major trend confirmation 2. **Combine with Other Indicators** - Price action patterns - Support/resistance levels - Momentum indicators - Trend indicators 3. **Volume Pattern Recognition** - Monitor for unusual volume spikes - Watch for volume climax patterns - Identify volume dry-ups ## Tips for Optimization 1. Adjust the Volume Scale based on your chart size 2. Use smaller timeframes for detailed volume analysis 3. Compare current volume bars to historical patterns 4. Watch for volume/price divergences 5. Monitor volume distribution changes near key price levels ## Note This indicator works best when combined with proper price action analysis and risk management strategies. It should not be used as a standalone trading system but rather as part of a comprehensive trading approach. ## Version History - Beta Release: Initial public version - Features buy/sell volume separation, moving average, and real-time analysis - Optimized for both intraday and swing trading timeframes ## Credits Developed by Jackson based on other script creators Special thanks to the trading community for feedback and suggestions
Pine Script™ indicator
by jacksonjose4
Volume/Price Divergence v2The "Volume/Price Divergence v2" indicator is designed to analyze the relationship between volume and price movements in a financial market. It helps traders identify potential divergences that may indicate a change in market trends. Here’s a breakdown of how it works: ### Key Components 1. **Volume Calculation**: - **Buying Volume**: This is calculated based on the relationship between the closing price and the high/low range. If the closing price is closer to the low, more volume is attributed to buying. - **Selling Volume**: Conversely, if the closing price is closer to the high, more volume is considered selling. The formulas used are: ```pinescript buyVolume = high == low ? 0 : volume * (close - low) / (high - low) sellVolume = high == low ? 0 : volume * (high - close) / (high - low) ``` 2. **Plotting Volume**: - The total volume is plotted in red and buying volume is plotted in teal. This helps visualize the volume distribution during different price movements. 3. **Rate of Change (ROC)**: - The indicator calculates the rate of change for both volume and price over a specified period. This allows traders to see how volume and price are changing relative to each other. ```pinescript roc = source / source roc2 = source2 / source2 ``` 4. **Volume/Price Divergence (VPD)**: - The VPD is derived from the ratio of the ROC of volume to the ROC of price. This ratio helps identify divergences: - A VPD significantly above 10 may indicate strong divergence, suggesting that price movements are not supported by volume. - A VPD around 1 indicates that volume and price are moving in harmony. 5. **Horizontal Lines**: - The indicator includes horizontal lines at levels 10 (high divergence) and 1 (low divergence), serving as visual cues for traders to assess the market's state. ### Interpretation - **Divergence**: If price makes a new high but volume does not follow (or vice versa), it may signal a potential reversal or weakness in the trend. - **Volume Trends**: Analyzing the buying vs. selling volume can provide insights into market sentiment, helping traders make informed decisions. - **Potential for a Strong Move**: A high VPD during a breakout indicates that while volume is increasing, the price isn’t moving significantly, suggesting that a big price move could be imminent. - **Caution Before Entry**: Traders should be aware that the lack of price movement relative to high volume may signal an impending volatility spike, which could lead to a rapid price change in either direction. Overall, this indicator is useful for traders looking to gauge the strength of price movements and identify potential reversals or breakouts based on volume trends.
Pine Script™ indicator
by GOAT101