Dynamic Trading Strategy with Key Levels, Entry/Exit Managementjust a strategy tester i dont have any copy right of this indicator
Price Volume Trend (PVT)
Custom Volume for scalping### **Indicator Summary: Custom Volume with Arrow Highlight**
#### **Purpose:**
This indicator visualizes volume bars in a chart, highlighting specific conditions based on volume trends. It displays arrows above the volume bars to indicate potential bullish or bearish market conditions.
#### **Key Features:**
1. **Volume Bars**:
- The indicator plots volume as columns on the chart.
- Volume bars are colored:
- **White** for bullish volume (when the closing price is higher than the opening price).
- **Blue** for bearish volume (when the closing price is lower than the opening price).
2. **Highlight Conditions**:
- The indicator identifies a sequence of three consecutive volume bars:
- The first two bars must be of the same direction (either both bullish or both bearish).
- The third bar must be of the opposite direction.
- Additionally, the third bar's volume must be greater than the previous bar's volume.
3. **Arrow Indicators**:
- When the highlight conditions are met:
- An **upward arrow** ("▲") is placed above the third volume bar for bullish conditions (when the third bar is bullish).
- A **downward arrow** ("▼") is placed above the third volume bar for bearish conditions (when the third bar is bearish).
- The arrows are colored to match the respective volume bar: white for bullish and blue for bearish.
4. **Adjustable Size**:
- The arrows are sized appropriately to ensure visibility without cluttering the chart.
#### **Use Cases:**
- This indicator can help traders identify potential reversals or continuation patterns based on volume behavior.
- It is particularly useful for traders focusing on volume analysis to confirm market trends and make informed trading decisions.
#### **Customization:**
- Users can modify the conditions and visual attributes according to their preferences, such as changing colors, sizes, and label positions.
### **Conclusion:**
The "Custom Volume with Arrow Highlight" indicator provides a straightforward and effective way to visualize volume trends and identify key market conditions, aiding traders in their decision-making processes. It combines the power of volume analysis with clear visual cues, making it a valuable tool for technical analysis in trading.
If you need any further modifications or details, let me know!
Volume Based Price Prediction [EdgeTerminal]This indicator combines price action, volume analysis, and trend prediction to forecast potential future price movements. The indicator creates a dynamic prediction zone with confidence bands, helping you visualize possible price trajectories based on current market conditions.
Key Features
Dynamic price prediction based on volume-weighted trend analysis
Confidence bands showing potential price ranges
Volume-based candle coloring for enhanced market insight
VWAP and Moving Average overlay
Customizable prediction parameters
Real-time updates with each new bar
Technical Components:
Volume-Price Correlation: The indicator analyzes the relationship between price movements and volume, Identifies stronger trends through volume confirmation and uses Volume-Weighted Average Price (VWAP) for price equilibrium
Trend Strength Analysis: Calculates trend direction using exponential moving averages, weights trend strength by relative volume and incorporates momentum for improved accuracy
Prediction Algorithm: combines current price, trend, and volume metrics, projects future price levels using weighted factors and generates confidence bands based on price volatility
Customizable Parameters:
Moving Average Length: Controls the smoothing period for calculations
Volume Weight Factor: Adjusts how much volume influences predictions
Prediction Periods: Number of bars to project into the future
Confidence Band Width: Controls the width of prediction bands
How to use it:
Look for strong volume confirmation with green candles, watch for prediction line slope changes, use confidence bands to gauge potential volatility and compare predictions with key support/resistance levels
Some useful tips:
Start with default settings and adjust gradually
Use wider confidence bands in volatile markets
Consider prediction lines as zones rather than exact levels
Best applications of this indicator:
Trend continuation probability assessment
Potential reversal point identification
Risk management through confidence bands
Volume-based trend confirmation
FuTech V-Spike & V-HighlighterFuTech V-Spike & V-Highlighter
In the context of trading and technical analysis, this volume spike & volume highlighter indicator is the perfect indicator used to assess market activity and make informed trading decisions.
Let's Understand in brief as below :
1) Volume Spike :
A volume spike refers to a sudden, significant increase in trading volume compared to the average volume over a specific period.
This spike can indicate heightened interest in a particular security, often preceding price movements.
Traders may look for volume spikes as signals for potential buy or sell opportunities because they can suggest that a stock is experiencing increased activity, possibly due to news, earnings releases, or other catalysts.
Characteristics of a Volume Spike:
Assess the sudden increase in trading volume.
It Can occur in both upward and downward price movements.
Often compared to the average volume over a defined period (e.g., the last 20 days).
2) Volume Highlighter:
A volume highlighter emphasizes significant changes in trading volume on a price chart. This indicator typically uses color coding to highlight periods of high volume, making it easier for traders to identify volume spikes at a glance.
How this indicator works:
a) Volume Spike will calculate the highest volume spike as per the user defined threshold multiplier. (Multiplier = when volume exceeds a certain threshold)
b) The threshold Multiplier can be set based on a fixed number or as a multiple of the Exponential Moving Average volume. Volume Spike Multiplier default is 1.5, means the EMA volume should cross 1.5 times the user defined lookback period
c) The result is derived from the user defined lookback candles by using its EMA instead of SMA, which will give us more precise results.
d) By default, last 10 candles EMA average is used to calculate the Volume Spike but you can choose your lookback period as many days, weeks, months, years of your choice !
e) In Volume Spike -
- Green candle will show Yellow color Bar as Bullish sentiments, whereas
- Red candle will show Black Bar as Bearish sentiments.
f) Volume Highlighter will highlight the candles background if the highest volume is crossing as per the the user defined lookback period
g) Default Lookback period is 20, Color coding (e.g., Blue for bullish spikes, Red for bearish spikes) helps traders quickly assess the volume context.
h) Volume Highlighter plotting shapes and positions can be modified
Illustration:
From the Above pic,
If last Volume Spike is 10 lookback candles, Spike multiplier is 1.5 and Highlighter lookback candles is 20,
Then yellow candle means the spike in volume which is 1.5 times higher than the last 10 candles
Highlighting color defines the highest volumes trading from the last 20 candles which is either Blue (Bullish) or Red (Bearish) sentiments
Conclusion :
Using FuTech V-Spike & V-Highlighter indicator - will help traders identify potential trading opportunities and better understand market dynamics.
By analyzing volume in conjunction with price movements, traders can make more informed decisions based on market sentiment.
Thank you !
Jai Swaminarayan Dasna Das !
He Hari ! Bas Ek Tu Raji Tha !
VR1 DEMA - Liquidity IdentifierThis custom Pine Script indicator, titled "VR1 DEMA - Liquidity Identifier", is designed to help traders identify periods of significant resistance to price movement, often indicating high liquidity areas where the market may encounter difficulty moving in one direction. The indicator analyzes the relationship between volume and price range, combined with bar volume conditions, to provide enhanced signals of potential liquidity buildup.
Key Features:
Customizable EMA Lengths:
Users can define the lengths of both the fast and slow Exponential Moving Averages (EMAs), with default values of 5 for the fast EMA and 13 for the slow EMA. These EMAs are calculated from the ratio of volume to price range, smoothing the data to detect trends in liquidity.
Dynamic Fast EMA Color:
The fast EMA changes color based on its relationship to the slow EMA:
Red when the fast EMA is above the slow EMA, signaling stronger resistance or greater liquidity.
White when the fast EMA is below the slow EMA, indicating potentially weaker resistance.
Liquidity Signal with Multiplier Condition:
The background of the chart changes to white when the volume-to-price ratio exceeds 1.5 times the fast EMA. This highlights potential areas of liquidity buildup where price movement may encounter stronger resistance. The 1.5 multiplier is adjustable, allowing for sensitivity customization.
Volume Condition for Enhanced Signals:
A new condition is added that requires the actual bar volume to exceed 1.2 times the 5-period EMA of average bar volume. This ensures that the background color only changes when there is not only increased liquidity but also significantly higher trading volume. The 1.2 multiplier is user-adjustable for further refinement.
Combined Liquidity and Volume Filtering:
Both conditions (volume-to-price ratio and actual volume) must be met for the background color to change. This double-filtering helps traders spot moments of unusual market activity more accurately.
Optional Volume/Price Range Visualization:
An optional plot of the volume-to-price ratio is included, providing a visual representation of how volume interacts with price movement in real-time. This can be enabled or disabled based on user preference.
User-Friendly Customization:
The script includes inputs for adjusting the fast and slow EMA lengths, as well as the multipliers for the volume-to-price ratio and actual volume conditions. These customizable parameters allow traders to tailor the indicator to their specific market strategies.
Use Case:
This indicator is particularly useful for identifying periods of high liquidity and resistance in the market, where price movement may stall or reverse. By combining volume-to-price ratio analysis with actual volume conditions, the indicator provides more reliable signals for detecting potential breakouts, reversals, or consolidation periods. The color-coded fast EMA and background shading make it easy to spot key moments of increased market activity and liquidity.
Cumulative Net VolumeCumulative Calculation: Summarizes the net volume (buying minus selling volume) cumulatively, providing a running total that reflects the aggregate trading pressure.
Custom Timeframe Flexibility: Users can choose to analyze the volume on a custom timeframe, enhancing adaptability for various trading strategies.
Color-Coded Visualization: Features an intuitive color scheme where green indicates a net buying dominance and red signals net selling dominance, making it easier to interpret shifts in market dynamics.
Versatility: Suitable for all types of assets available on TradingView including cryptocurrencies like Bitcoin, stocks, forex, and more.
Utility: This tool is particularly useful for identifying trends in buying or selling pressure, which could be pivotal during significant market events or when assessing the potential for a trend reversal. By understanding the accumulation and distribution phases through the cumulative net volume, traders can make more informed decisions.
Perfect for both novice traders looking to get a grip on volume analysis and seasoned professionals seeking an edge in their trading tactics.
VSA Wyckoff Volume with Bubbles Introducing the "VSA Wyckoff Volume" indicator—a powerful tool for traders who want to visualize and analyze market volume with precision. This indicator leverages Volume Spread Analysis (VSA) and Wyckoff principles to categorize volume into six distinct levels: Ultra High, Very High, High, Normal, Low, and Very Low. Each level is represented by a color-coded bubble on the chart, with bubble sizes adjusted according to the volume intensity. Additionally, the indicator incorporates an ATR-based positioning system, ensuring that each bubble is placed accurately on the chart for easy interpretation. Whether you're an experienced trader or new to the market, this indicator provides clear insights into market activity, helping you make more informed trading decisions.
Volume Spread Analysis (VSA) is a trading methodology that analyzes the relationship between volume, price, and the spread (range) of a price bar. It was developed by Tom Williams, who combined his experience as a trader with principles derived from Richard D. Wyckoff's work on market manipulation.
Key Concepts of VSA:
Volume: The amount of a particular asset traded during a specific time period. In VSA, volume is a key indicator of market activity and is used to understand the strength or weakness behind price movements.
Spread: The range between the high and low of a price bar. The spread, when analyzed in conjunction with volume, can indicate whether the market is being driven by strong or weak hands.
Price: The actual value at which an asset is traded. VSA looks at price in relation to volume and spread to identify the intentions of smart money (large institutional traders).
How VSA Works:
VSA aims to uncover the footprints of smart money by analyzing the volume and price spread. The core idea is that significant price movements accompanied by high volume indicate the involvement of professional traders, while price movements on low volume might suggest that the move lacks conviction or is driven by retail traders.
VSA in Practice:
High Volume, Narrow Spread: This could indicate supply coming into the market as professional traders sell into the buying pressure, leading to potential price weakness.
High Volume, Wide Spread, Price Up: This often suggests strong buying interest, with smart money pushing prices higher.
Low Volume, Wide Spread: A sign of a potential weak market, where price is moving without strong participation, indicating that the move may not be sustainable.
Applications:
VSA is particularly useful for identifying potential turning points in the market, understanding market sentiment, and anticipating future price movements based on the actions of smart money. Traders who use VSA often combine it with other technical analysis tools to build a comprehensive trading strategy.
Your "VSA Wyckoff Volume" indicator, by categorizing volume into distinct levels and visualizing it on the chart, provides an enhanced way to apply VSA principles and understand the underlying market dynamics.
BX-Volume Trend and OscillatorBX-Volume Trend and Oscillator (VTO)
This is my second indicator. I created this indicator for myself. I was inspired by the indicators created by Bjorgum, Duyck and QuantTherapy and decided to create multiple indicators that either work well combined with their indicators or something new that applies some of their indicator concepts. I decided to share this because I believe in learning and earing together as a community. I will later share the rest of the indicators I have created. If you guys have any questions or suggestions write them.
The BX-Volume Trend and Oscillator (VTO) is a comprehensive trading indicator designed to help traders identify trends, momentum shifts, and potential reversals by analyzing volume and price action through various metrics. This indicator combines relative volume analysis with custom Xtrender oscillators and moving averages to provide valuable insights into market behavior.
Image: BX-Volume Trend and Oscillator (VTO)
Features:
Relative Volume Analysis: Measures the current volume relative to the average volume over a specified period, helping traders understand if the current trading activity is unusually high or low.
Short-Term Xtrender Oscillator: This oscillator analyzes the difference between two short-term Exponential Moving Averages (EMAs) and smooths it with a custom RSI, highlighting short-term trends and potential reversal points.
Long-Term Xtrender Oscillator: Similar to the short-term oscillator but uses longer-term EMAs and RSI for identifying more sustained trends and shifts.
T3 Moving Average: A smoothed version of the Xtrender oscillator that helps in detecting trend changes more clearly.
Volume Trend Plot: Shows the smoothed relative volume to understand how trading activity aligns with the trend.
Visual Indicators: Uses colors and shapes to highlight significant changes and trends, such as circles to mark potential reversal points.
How to Use the Indicator
Analyze Relative Volume:
Relative Volume Plot: The smoothed relative volume is displayed in white, helping you assess if current trading volumes are above or below the historical average.
High Relative Volume: Indicates strong trading interest, which could support or contradict the prevailing trend.
Image above: is set to daily timeframe
Monitor Short-Term Xtrender Oscillator
Short-Term Xtrender: Plotted as a column histogram with colors changing from green to red based on the oscillator's movement and momentum. Green and lime colors indicate bullish trends, while maroon and red suggest bearish conditions.
Smoothed Short-Term Xtrender (T3): Plotted as a line that adjusts color based on the short-term Xtrender's trend. The line changes color to match the histogram's color, providing a clearer view of momentum shifts.
Reversal Markers: Small circles indicate potential short-term trend reversals, where changes in the T3 moving average suggest shifts in momentum.
Assess Long-Term Xtrender Oscillator:
Long-Term Xtrender: Plotted as a histogram, with color changes similar to the short-term Xtrender. It shows longer-term trends and shifts.
Color Indicators: Lime and green colors suggest an uptrend, while red and maroon indicate a downtrend.
Look for Zero Line Crossings:
The zero line serves as a reference point. Crossings above the zero line may indicate bullish trends, while crossings below may signal bearish trends.
Image above: is set to daily timeframe, and it showcases the Short-Term Xtrender (T3) applied.
Image above: is set to 8hr timeframe: Using the lower timeframe you can spot better details of pullbacks and potential reversals.
Example of Use:
Identify Trend and Momentum: Use the combination of the short-term and long-term Xtrender oscillators to gauge the prevailing market trend. For instance, if both oscillators are above zero and showing upward momentum, it suggests a strong bullish trend.
Spot Reversals: Observe the short-term Xtrender and its smoothed T3 version. If the T3 line changes direction and crosses through previous peaks and troughs, it could signal a potential reversal.
Volume Confirmation: Check the relative volume and its smoothed version to confirm the strength of price movements. Significant changes in volume can validate the trends indicated by the Xtrender oscillators.
By combining these elements, the BX-Volume Trend and Oscillator (VTO) provides a holistic view of market dynamics, helping traders make more informed decisions based on trend strength, potential reversals, and volume activity.
Lastly, my Scripts/Indicators/Ideas /Systems that I share are only for educational purposes!
Rsi Long-Term Strategy [15min]Hello, I would like to present to you The "RSI Long-Term Strategy" for 15min tf
The "RSI Long-Term Strategy " is designed for traders who prefer a combination of momentum and trend-following techniques. The strategy focuses on entering long positions during significant market corrections within an overall uptrend, confirmed by both RSI and volume. The use of long-term SMAs ensures that trades are made in line with the broader market trend. The stop-loss feature provides risk management by limiting losses on trades that do not perform as expected. This strategy is particularly well-suited for longer-term traders who monitor 15-minute charts but look for substantial trend reversals or continuations.
Indicators and Parameters:
Relative Strength Index (RSI):
- The RSI is calculated using a 10-period length. It measures the magnitude of recent price changes to evaluate overbought or oversold conditions. The script defines oversold conditions when the RSI is at or below 30 and overbought conditions when the RSI is at or above 70.
Volume Condition:
-The strategy incorporates a volume condition where the current volume must be greater than 2.5 times the 20-period moving average of volume. This is used to confirm the strength of the price movement.
Simple Moving Averages (SMA):
- The strategy uses two SMAs: SMA1 with a length of 250 periods and SMA2 with a length of 500 periods. These SMAs help identify long-term trends and generate signals based on their crossover.
Strategy Logic:
Entry Logic:
A long position is initiated when all the following conditions are met:
The RSI indicates an oversold condition (RSI ≤ 30).
SMA1 is above SMA2, indicating an uptrend.
The volume condition is satisfied, confirming the strength of the signal.
Exit Logic:
The strategy closes the long position when SMA1 crosses under SMA2, signaling a potential end of the uptrend (a "Death Cross").
Stop-Loss:
A stop-loss is set at 5% below the entry price to manage risk and limit potential losses.
Buy and sell signals are highlighted with circles below or above bars:
Green Circle : Buy signal when RSI is oversold, SMA1 > SMA2, and the volume condition is met.
Red Circle : Sell signal when RSI is overbought, SMA1 < SMA2, and the volume condition is met.
Black Cross: "Death Cross" when SMA1 crosses under SMA2, indicating a potential bearish signal.
to determine the level of stop loss and target point I used a piece of code by RafaelZioni, here is the script from which a piece of code was taken
I hope the strategy will be helpful, as always, best regards and safe trades
;)
Price and Volume Breakout Buy Strategy [TradeDots]The "Price and Volume Breakout Buy Strategy" is a trading strategy designed to identify buying opportunities by detecting concurrent price and volume breakouts over a specified range of candlesticks.
This strategy is optimized for assets demonstrating high volatility and significant momentum spikes.
HOW IT WORKS
The strategy first takes the specific number of candlesticks as the examination window for both price and volume.
These values are used as benchmarks to identify breakout conditions.
A trade is initiated when both the closing price and the trading volume surpass the maximum values observed within the predetermined window.
Price must be above a designated moving average, serving as the trend indicator, ensuring that all trades align with the prevailing market trend.
APPLICATION
This strategy is particularly effective for highly volatile assets such as Bitcoin and Ethereum, capitalizing on the cues from sudden price and volume breakouts indicative of significant market movement, often driven by market smart money traders.
However, for broader markets like the S&P 500, this strategy may be less effective due to less pronounced volume and price shifts compared to the cryptocurrency markets.
DEFAULT SETUP
Commission: 0.01%
Initial Capital: $10,000
Equity per Trade: 70%
Backtest result sometimes gives fewer than 100 trades under certain higher timeframes, as most trades tend to have a long holding period. Entry conditions are also more stringent, which, combined with the relatively brief history of cryptocurrencies, results in fewer trades on longer timeframes.
Users are advised to adjust and personalize this trading strategy to better match their individual trading preferences and style.
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
[Wiseplat Sideways] v.04The Sideway indicator for TradingView is a powerful tool designed to identify periods of sideways or ranging price action in the market. With its intuitive interface and customizable parameters, traders can easily spot when an asset is consolidating, providing valuable insights for both trend-following and range-bound strategies.
This indicator utilizes really simple algorithm to analyze price movement and volatility, effectively filtering out noise and false signals. By plotting clear visual cues on the chart.
Traders can adjust the sensitivity parameters to tailor the indicator to their specific trading style and preferences. Whether used in isolation or in conjunction with other technical analysis tools, the Sideway indicator empowers traders to make informed decisions in dynamic market conditions.
Its user-friendly design and simple settings of parameters makes it accessible to traders of all levels, from beginners seeking clarity in choppy markets to seasoned professionals looking for confirmation of their analysis. With the Sideway indicator, traders can confidently navigate sideways price action and stay ahead of the curve in their trading endeavors.
Developer: Oleg Shpagin
High Volume Price Bar ChannelThe "High Volume Price Bar Channel" indicator for TradingView is a tool designed to highlight price bars that experience unusually high trading volume compared to the average volume over a specified lookback period. When the volume of a price bar exceeds a certain multiple of the average volume, a channel is drawn extending from the high to the low of that bar, indicating a potential surge in trading activity.
Key Features:
Customizable Parameters: Users can adjust the color of the channel, the lookback period for calculating the average volume, and the factor by which the current volume should exceed the average volume to trigger the drawing of the channel.
Volume-based Highlighting: The indicator identifies price bars with high volume relative to the average and visually highlights them by drawing a channel.
Flexibility: Traders can tailor the indicator settings to suit their trading strategies and preferences, allowing for adaptability across various market conditions.
Usage:
High volume often indicates increased market activity and potential price volatility. Traders may use this indicator to identify periods of heightened interest or potential trend reversals.
When the channel is drawn, traders may look for confirmation from other technical indicators or price action to make informed trading decisions, such as entering or exiting positions, adjusting stop-loss levels, or assessing the strength of a trend.
The indicator can be applied to various timeframes and financial instruments, providing insights into volume dynamics across different market environments.
Overall, the "Customizable Volume Channel" indicator offers traders a versatile tool to spot significant volume spikes and potential trading opportunities within the context of price movements, aiding in more informed decision-making and risk management strategies.
Forex Multi-Factor IndicatorMoving Averages (MA):
Two moving averages are plotted on the chart: a fast MA (blue line) and a slow MA (red line).
The fast MA is calculated using a shorter period (10 periods by default), while the slow MA is calculated using a longer period (30 periods by default).
Moving averages help identify trends by smoothing out price fluctuations. When the fast MA crosses above the slow MA, it suggests a bullish trend, and when the fast MA crosses below the slow MA, it suggests a bearish trend.
Relative Strength Index (RSI):
The RSI indicator (orange line) is plotted on a separate axis.
RSI measures the speed and change of price movements and oscillates between 0 and 100.
RSI values above 70 are considered overbought, indicating a potential reversal to the downside, while RSI values below 30 are considered oversold, indicating a potential reversal to the upside.
Volume Moving Average (Volume MA):
The volume moving average (purple line) is plotted on the same axis as the volume.
The volume moving average is calculated over a specified period (20 periods by default).
Volume analysis provides insights into the strength of price movements. When the volume increases along with price movements, it suggests strong conviction from traders.
Buy and Sell Signals:
Buy signals (green triangle) are generated when all of the following conditions are met:
The fast MA crosses above the slow MA (indicating a bullish trend).
The RSI is below the oversold level (indicating potential upward momentum).
The current price is above the fast MA, and the volume is higher than the volume MA (indicating positive volume trend).
Sell signals (red triangle) are generated when all of the following conditions are met:
The fast MA crosses below the slow MA (indicating a bearish trend).
The RSI is above the overbought level (indicating potential downward momentum).
The current price is below the fast MA, and the volume is lower than the volume MA (indicating negative volume trend).
Overall, this multi-factor indicator combines moving averages, RSI, and volume analysis to identify potential buying and selling opportunities in the Forex market. Traders can use the signals generated by this indicator as part of their trading strategy, but it's important to consider other factors such as risk management and market conditions before making trading decisions
VSA Volume Spread AnalysisVolume Spread Analysis with Trend Direction is an indicator designed to Identify trend based volume spread.
Volume
Spread
Trend
This is a very simple yet powerful to identify Trend and corresponding volume Breakout. Unlike other Volume Indicators this indicator detects Breakout along with trend direction. One can detect the Early breakout in volume using this indicator. The Buy or Sell Signal is based on zero crossing of the Histogram.
Trend direction is confirmed using the MA of the Histogram which is similar to the Volume MA on volume indicator. One can enter a trade using the indicator when Trend direction and histogram are in same direction. Entry is done when ever histogram crosses the Trend MA line.
Fake entries can be eliminated by changing the indicator to higher Timeframe.
Spread is determined using the difference in open and close of the candle
Volume change is determined using the ratio of change of volume to previous volume
EMA 10 is used to determine the Spread and multiplied by volume change so the
PRICE(ema10), Volume, Spread(close-open) are merged to one indicator.
Direction changes when ever difference of VSA is positive or negative.
True VolumeThis indicator is designed to provide in-depth analysis of volume data from multiple sources and distinguish highly liquid candles by measuring the density of the volume. By focusing on the density and concentration of volume, rather than just the volume itself, it offers a more nuanced view of the market. This can be particularly beneficial in markets like cryptocurrencies, where understanding the role of market makers versus retail traders is crucial for strategic trading.
This is how it works:
Multiple Asset Integration:
Unlike standard volume indicators, True Volume allows the inclusion of up to four different assets (or the same asset from various exchanges) into its volume calculations. This feature provides a broader and more accurate total volume representation, essential in markets like cryptocurrencies where volume is dispersed across multiple exchanges.
Adjustable Time Anchors:
It offers various time anchor options, allowing traders to analyze volume data over different time periods or a specific amount of lookback candles. This flexibility helps in understanding volume trends over both short and long-term time frames.
Volume Density Analysis:
The core of this indicator is the innovative concept of Volume Density. It's calculated using a sigmoid function that normalizes the volume-to-price movement ratio in a unique way without needing a max cap or having the density column spike off the chart. This method helps in distinguishing between normal volume fluctuations and those that are unusually dense for the given price movement. This distinction is key in identifying potential market maker activities.
The Visuals:
The Volume Density is displayed in a unique way without compromising the original volume bars or cap the density. Infinite density can essentially be represented without having an infinitely large bar or caping out the density data. There's also two different color themes, optional bar color, and an option to flip the density bars up-side down for a different representation. Each of the original volume sources can be displayed separately as well. All colors as customizable as well for your own preference.
Price Volume Trend (PVT):
Included in this indicator is also the Price Volume Trend, which cumulatively measures the density delta, offering insights into the longer-term momentum of the market.
How do I trade it?
This indicator aims to give you insight into 'the other side of the trade', the Market Makers. When you buy, they provide liquidity by selling to you. That drives the Volume Density up.
Consider whether the market maker is currently long or short and might need to cover their position by wicking price back, or "adjust inventory". Especially towards the end of a market session.
Consider dense candles during market gaps or weekends to be market manipulation moves.
The density also goes up when stop losses are hit. If price makes a higher high or lower low, high density could indicate a liquidation event.
Price Volume Harmony Indicator [Nasan]The indicator "Price Volume Harmony Indicator " (abbreviated as PVHI) combines relative volume intensity (RVI) and relative price change (PC) to identify potential synergy or divergence between price and volume movements. Let's break down the key components and discuss how to interpret the output:
Relative Volume Intensity (RVI):
It calculates the mean volume intensity using simple moving averages (SMA) of different periods (5, 8, 13, and 144).
It then computes point volume intensity based on the current volume compared to the previous bar's volume.
The final RVI is a combination of mean and point volume intensities.
Relative Price Change (PC):
It calculates the median absolute deviation (MAD) and the price change relative to MAD for three different lengths (5, 8, and 13).
The average relative PC is a weighted combination of the three PC values.
Normalization:
RVI and PC are normalized using Z-scores (standard scores) to bring them to the same scale. This enables easier comparison.
Histogram Plotting:
The RVI and PC are plotted as histograms below the main price chart. Green color bars represent RVI, and blue color bars indicate PC. The RVI bars are light green when the RVI values are decreasing compared to previous bar. Similarly, when PC bars are light blue it indicates that the PC values are decreasing compared to previous bars.
There is a zero line +/- 0.5 SD lines movements above and below the SD lines are practically
significant.
Interpretation :
(1) Strong Bullish Movement :
This is when both the green bars (RVI) and blue bars (PC) increases and are on the same side above zero .
(2) Strong Bearish Movement :
This is when the green bars (RVI) increases and blue bars (PC) decreases. The green bars above zero but blue bars below zero.
(3) Weak Bullish Movement :
This is when the green bars (RVI) decreases and are below zero but the blue bars (PC) increases and are above zero .
(2) Weak Bearish Movement :
This is when both the green bars (RVI) and blue bars (PC) decreases. The green bars and blue bars are below zero.
This output is slightly hard to read but with practice can be read easily.
Price Volume Trend Crosses This script is a modified version of the Price Volume Trend ( PVT ) that uses a moving average of the PVT as a signal ( sig ) line.
The length of the signal line can be adjusted as needed by changing the "PVTC Signal Length" value inside the indicator settings menu.
"PVTC Signal Type" allows you to pick between EMA and SMA as the signal line.
Logic behind this script:
If PVT > sig it indicates an bullish environment and gets coloured with the UP color.
If PVT < sig it indicates a bearish environment and get coloured with the DOWN color.
Colors can be modified in the indicator settings menu.
Crosses can be highlighted by ticking the "Highlight Crosses" box in the indicator settings menu.
"Fill Gaps" fills the gap between PVT and sig with the prevailing trends color.
PVTC should not be used on its own but in conjunction with other indicators!
CCPD Candle Color Price DetectorThe "CCPD Candle Color Price Detector" is a custom indicator developed for TradingView, a popular platform for technical analysis and trading. This indicator assists traders in identifying potential trend reversals and assessing market sentiment based on candlestick color changes and key price levels.
This indicator operates as follows:
Color Change Detection: It primarily focuses on the color of candlesticks (green for bullish and red for bearish). When a candlestick closes higher than it opens, it is considered green (bullish), and when it closes lower, it is red (bearish).
High and Low Analysis: The indicator calculates the highest high and lowest low over a user-defined number of bars (specified by the 'Bars for High/Low' input parameter). This helps identify recent price extremes.
Midpoint Calculation: It then computes the midpoint between the highest high and lowest low, effectively determining a central reference point within the specified period.
Signal Generation: Buy and sell signals are generated based on the relationship between the current candlestick's close price, the midpoint, and the candlestick color. Buy signals occur when a green candle closes above the midpoint, suggesting potential bullish momentum. Conversely, sell signals trigger when a red candle closes below the midpoint, indicating possible bearish pressure.
Visualization: The indicator visualizes the highest high, lowest low, midpoint, and additional lines to aid in understanding the price action and potential reversal points.
Alerts: It provides alerts for buy and sell signals, allowing traders to receive notifications when potential trading opportunities arise.
Usage:
Traders can utilize the "CCPD Candle Color Price Detector" in the following ways:
Trend Reversal Identification: This indicator can help traders spot potential trend reversals by signaling when candlestick colors change and close near the midpoint. Buy and sell signals offer entry points for trades based on these reversals.
Confirmation Tool: It can be used in conjunction with other technical analysis tools to confirm trading decisions. For example, a buy signal from this indicator, coupled with a bullish trendline break or a bounce from a key support level, may provide a stronger bullish signal.
Risk Management: By understanding potential reversal points and using stop-loss orders, traders can better manage their risk and protect their capital when entering positions based on the indicator's signals.
Customization: The indicator allows users to adjust the number of bars for high/low calculations, making it adaptable to different trading strategies and timeframes.
In summary, the "CCPD Candle Color Price Detector" is a versatile indicator that can aid traders in spotting potential trend changes, enhancing trading decisions, and managing risk effectively. However, like any trading tool, it should be used in conjunction with other analysis methods and risk management strategies for optimal results.
[TTI] Price confirmation indicator📜 ––––HISTORY & CREDITS––––
The Price Confirmation Indicator is an innovative tool developed by TintinTrading to help his students learn to interpret Price + Volume moves. It is designed to provide traders with a visual cue for price movement confirmation based on both price direction and trading volume. I got the idea from watching Daivd Ryan, how he explains that he looks at volume first before looking at the price of a stock.
🦄 –––UNIQUENESS–––
What sets this indicator apart is its dual analysis approach and easy interpretation: it not only evaluates price movements but also takes trading volume into account. The indicator's color-coded bars are dynamically adjusted based on the volume difference from a 50-day Simple Moving Average (SMA) of the volume. This offers traders an intuitive way to gauge both the market's direction and its strength.
🛠️ ––––WHAT IT DOES––––
The Price Confirmation Indicator performs the following functions:
👉Price Movement: Determines whether each trading day is an 'Up Day' or a 'Down Day' based on the closing price.
👉Volume Analysis: Calculates the 50-day SMA of trading volume and identifies the volume difference in percentage terms.
👉Transparency Adjustment: Dynamically adjusts the transparency of colored bars based on the volume difference.
👉Bar Coloring: Colors the bars blue for 'Up Days' and purple for 'Down Days', with the transparency indicating the strength of the volume.
Transparency Tresholds:
Full color (no transparency 0%) - Volume is greater than 40% compared to the 50DSMA Volume
Strong color (little transparency 20%) - Volume is between 20% and 40% greater than the 50DSMA Volume
Noticable color (moderate transparency 40%) - Volume is between 0% and 20% greater than the 50DSMA Volume
Negligable color (strong transparency 60%) - Volume is light and is less than 50DSMA Volume with less than 20% lower.
Weak color (very strong transparency 80%) - Volume is below 50DSMA, with between 40% and 20% lower.
Very weak color (max transparency 90%) - Volume is below 50DSMA, with between -40% and -80% lower.
Alarming weak color (color is orange) - Volume is noticably light - this generally signals velocity contraction before a breakout.
💡 ––––HOW TO USE IT––––
Installation: Search for " Price Confirmation Indicator" in TradingView’s indicator library and add it to your chart.
Settings:
Price Up Color: Customize the color for 'Up Days'.
Price Down Color: Customize the color for 'Down Days'.
Interpretation:
Blue bars signify 'Up Days', and their transparency indicates the strength of the volume.
Purple bars represent 'Down Days', with transparency again indicating volume strength.
Orange bars signify extremely low volume days.
Volume Transparency: The less transparent the bar, the stronger the volume, aiding in confirming the price direction.
The indicator is a great tool for newer traders to get in the habit of reading Price & Volume together!
Daily Network Value to Transactions Signal (NVTS)
Quote of GlassNode ...
The NVT Signal (NVTS) is a modified version of the original NVT Ratio.
It uses a 90 day moving average of the daily transaction volume in the denominator instead of the raw daily transaction volume.
This moving average improves the ratio to better function as a leading indicator.
The Network Value to Transactions (NVT) Ratio is calculated by dividing the market cap by the transferred on-chain volume measured in USD.
GlassNode says the NVT Ratio was created by Willy Woo.
I have peaked into Glassnode and took their idea.
I also added a few more Moving Averages to select from, and the length can also be changed.
This script does not depend on Glassnode alone, instead I pulls data of several services...
CoinMarketCap
CoinMetrics
GlassNode
IntoTheBlock
Therefor we have more Tokens to select from.
I have also blocked some faulty data of each service.
If you get a study error of any kind then there is no data available,
or you on a wrong timeframe.
Best to use this script in a daily chart.
And keep in mind it pulls data of yesterday.
Therefor the plot is offset by 1 to the left.
The script will check each service if the data for the chart is available.
Market Cap is taken in the following order ...
CainMarketCap
GlassNode
CoinMetrics
Transaction volume as USD is taken in the following order ...
IntoTheBlock
CoinMetrics
GlassNode
Happy Trading!
Price by Volume ColumnsThis indicator allows you to identify how price changes for a given time period are sensitive to the volume. You will identify these changes as bars in the bottom of the chart. You may see the changes in bars for better understanding of price movements, identify trends. Please take trades at your own risk and discretion
High Volume Candles Detector - Open Source CodeGreetings, fellow traders!
Throughout my trading career, I've been intrigued by the dynamic interplay between candlestick patterns and trading volume. This fascination led me to develop an open-source indicator to help illuminate these patterns for the broader trading community.
Upon researching the Public Library, I found that many indicators relating to candlestick/volume analysis are proprietary and not open-source. This discovery further fueled my commitment to contribute a free, accessible tool that traders of all levels can utilize in their technical analysis.
Thus, I am excited to present to you our High Volume Bars Indicator. A unique tool that I believe fills a gap in the Public Library. I truly hope you find it beneficial in your trading journey and that it empowers you to make more informed decisions.
Description:
The High Volume Bars Detector is designed to help traders identify bars with significantly higher volume than the average. Users can filter in the settings menu:
1) The length of the Simple Moving Average (SMA) for volume, allowing you to define the average volume over a specific number of bars.
2) The Volume Multiplier, a factor that determines how much greater the volume of a bar should be compared to the SMA to qualify as a high-volume bar.
3) The Lookback Period, a specified number of candles used as a comparative benchmark for identifying the highest volume.
4) If the Volume bar is green or red, so if the candle price is --> close > open or open > close
Examples to better understand the logic of the indicator:
1) Length of the Simple Moving Average (SMA) for Volume: This setting allows you to define the average volume over a specific number of bars. For instance, if you set the SMA length to 20, the indicator will calculate the average volume of the past 20 bars and use it as a baseline to identify high volume bars.
2) Volume Multiplier: This is a critical factor that determines the threshold for what constitutes a high-volume bar. If you set the volume multiplier to 2.0, for example, the indicator will flag any bar where the volume is twice the value of the SMA volume as a high-volume bar.
3) Lookback Period: This setting lets you specify the number of candles that the indicator should consider when determining the highest volume. For instance, if the lookback period is set to 14, the indicator will compare the volume of the current bar with the volumes of the previous 14 bars. If the current bar's volume is the highest, it will be flagged.
4) Volume Bar Color: This filter helps you identify whether a high-volume bar is bullish or bearish. If the bar is green (close > open), it suggests buyers were dominant during that period. If the bar is red (open > close), it suggests sellers had the upper hand. By setting this filter, you can choose to focus on high volume bars that are either bullish (green) or bearish (red) or both, depending on your trading strategy.
Remember, these filters offer a level of customization that allows you to tailor the High Volume Bars Detector to your unique trading style and requirements. Always remember to adapt these settings to align with your overall trading plan and risk tolerance.
Keep attention!
It is important to note that no trading indicator or strategy is foolproof, and there is always a risk of losses in trading. While this indicator may provide useful information for making conclusions, it should not be used as the sole basis for making trading decisions. Traders should always use proper risk management techniques and consider multiple factors when making trading decisions.
Support me:)
If you find this new indicator helpful in your trading analysis, I would greatly appreciate your support! Please consider giving it a like, leaving feedback, or sharing it with your trading network. Your engagement will not only help me improve this tool but will also help other traders discover it and benefit from its features. Thank you for your support!
Price Action Trading StrategyIn this strategy, we define the high and low of the previous candle, and then check whether the current candle's high or low is higher or lower than the previous candle's high or low, respectively. If there's a new high, we enter a long position, and if there's a new low, we enter a short position. We also set exit conditions to close the position if the price drops below the previous low or rises above the previous high.
Please note that this is a simple example and should not be used as a standalone trading strategy. It is important to conduct thorough backtesting and consider other factors such as risk management before implementing any trading strategy.
