Volume GainThis indicator shows the amount, in terms of a percentage, that the volume is currently above or below the current volume average.
((Volume - volumeMA) / volume) * 100
Ways to use:
1) We could consider movements in price to be extremely strong when the volumeGain is above the upper limit line
i.e. the current volume is more than 50% higher than the current average volume
2) We could consider movements in price to be extremely weak when the volumeGain is below the lower limit line
i.e. the current volume is less than 50% lower than the current average volume
Volume Indicator
LTF -> HTF volume delta Up/DownThis script derives from my previous Educational LTF -> HTF volume delta script.
Total volume is displayed as columns in the background.
With request.security_lower_tf() we get data from a lower timeframe.
In this case, volume, which is placed in an 'up-array' when the 'lower timeframe close' > 'lower timeframe open',
or in an 'down-array' when the 'lower timeframe close' < 'lower timeframe open'.
This is displayed here as 2 (red/green) lines
When you're at a chart timeframe (Higher timeframe), lower than Daily, the lower timeframe is automatically 50x smaller than the higher timeframe.
Example D = 1440 minutes -> divided by 50 = 28.8 or rounded a lower timeframe of 29 minutes
When this number is below 1, it will take the '1 minute timeframe' as lower timeframe
If the higher timeframe chart is Daily or higher, a 'x minute-lower timeframe' chart is calculated from the timeframe.multiplier multiplied by 25,
for example a 2D higher timeframe will do the 'lower timeframe calculations' with a 50 minute TF (25 * 2 'D')
Looking at for example BTC on the Daily higher timeframe, some interesting observations can be done when looking at the 'spikes'
This script doesn't have build in arrows, it is merely made to give some stimulation,
and hopefully some of you can work further on this technique, because I think it is very promising!
I want to thank Tradingview very deeply, why?
Just so many reasons, development, moderation, organisation, helpdesk, ...
The amount of work they are doing is incredible!
Delta Volume by SiddWolfDelta Volume is Difference between Buying Volume and Selling Volume. This indicator gives the Delta Volume based on Lower TimeFrame Candles. It utilizes security_lower_tf() function, a function that provides Lower TF candle data in Higher TF Chart.
security_lower_tf() is a new function provided by TradingView yesterday. If you are a PineScript Programmer, I suggest you to read about it, as it is a very powerful function that can extremely improve your trading strategy.
How this indicator works:
This indicator checks volume data on lower TimeFrame Candles and Shows it's delta in the current Chart Timeframe. For example: If you open 4 hours chart, this indicator checks volume of 1 minute chart and separates Buying-Selling volume. Then it subtracts Candle's Selling volume from Candle's Buying volume, finally calculating the Delta Volume.
This indicator also provides a Smooth Delta Volume, which is moving average of Delta Volume. As Delta Volume changes a lot, Smooth Delta Volume can be very helpful for identifying Trends . Goto settings and in "Show" section select "Smooth Delta Volume" to lay it on the chart.
Settings is the Key:
Settings are key to all of my indicators. Play around with it a bit. You can change what to show on the chart from settings. Smooth Delta Volume moving average length can be changed from the settings. You can also select "Show as Percentage", which shows Delta Volume as Percentage of Overall Candle's Volume. If you use Weekly or Monthly Timeframe, change increase lower timeframe from settings. Read the tooltips to understand what each settings mean. Tooltips are the (i) button in-front of each settings.
FAQs:
Q. Does the indicator Repaint ?
--- No. None of my indicators repaints. What you see now is what's drawn in real time.
Q. What TimeFrame is Best for this Indicator ?
--- It can be used on timeframes from 5 minutes to higher. But I would prefer to use it from timeframes higher than 30 minutes, as it gathers data from 1 minute TF.
Q. Indicator doesn't show anything ?
--- This indicator only works on security with Volume data. Also use it from higher timeframe than specified in Settings, because Volume Delta is calculated using Data from Lower TimeFrame.
Q. Delta volume is not provided by TradingView, So how exactly does this indicator work?
--- This indicator takes advantage of new pinescript function security_lower_tf(), and calculates volume for smaller timeframe data and calculates delta on higher timeframe.
Q. Does this indicator give financial advice?
--- No. Nope. Nein. Não. नहीं.
Conclusion:
This indicator is very basic but if used correctly it can be very powerful. If you have any questions or suggestions feel free to comment below. I'd love to connect with you. Thank you.
~ @SiddWolf
On Balance Volume MomentumA combination of "On Balance Volume (OBV)" and "Volume Oscillator".
"OBV Momentum" is a trend momentum indicator, that can be used to identify strong trends and also trend changes based on volume.
High positive values indicate strong volume on the buy side, high negative values indicate strong volume on the sell side.
An increasing OBV momentum indicates a strengthening buy trend or a weakening sell trend,
decreasing OBV Momentum indicates a strengthening sell trend or weakening buy trend.
OBV Momentum is calculated by comparing a short vs. a long moving average and plotting the difference in volume.
OBV Momentum metric is absolute volume.
Volume Impulse & Candlestick Patterns - FontiramisuIndicator showing volume impulse & engulfing candlestick pattern.
You can set up multiple parameter for both events.
Volume Impulse :
Volume Period : Lenght of the average volume calculated.
Volume Multiplier : Factor to compare actual volume with average volume.
Engulfing Pattern :
VS avg body : Let you chose to compare body candle to average body of the last few candles (define with parameter : lenghtSizeAvgBody ), otherwise it will be compared to the last body candle.
Engulfing Multiplier : Factor to compare and validate the pattern.
Normal Distribution Outliers for volume (NDO indicator)The NDO is a volume-based indicator that indicates how many standard deviations the volume is away from the mean volume.
In other words, this script is useful for detecting when the volume is abnormally large, spotting pumps and dumps, and movement of whales.
Green indicates that the volume is more than 3 standard devs away from the mean, yellow means its more than 2 standard deviations away from the mean, and orange means it is more than 1 standard deviation away from the mean, with red means volume is less than one standard deviation from the mean.
Statistically, 68% of results show up in 1 standard deviations of the mean, 95% in 2 standard deviations of the mean, 99.7% in 3 standard deviations of the mean, making green highly abnormal.
Volume & Highlights
Large or small volume bars are highlighted.
Normal bars are using the same colors as the built-in volume indicator.
.b BTC-Exchange volumeBINANCE:BTCUSDT
It's tool to check exchange trading status.
You can see "BTC-exchange's realtime trading volume, previous closed volume" at once.
You can switch to see 'Previous close volume' on script's panel.
Timeframe recommended ; 15m, 1H, 4H, D, W, whatever.
Each exchange may have a different volume display unit, so I converted it into roughly BTC units. (using hl2 price)
This indicator aims to recognize the difference in the trading volume of the exchange at once.
It's not for the purpose of check the exact trading volume.
All data come from tradingview.
The comparison target exchanges refer to the ranking of CoinMarketCap.
if you have any questions freely contact to me by message on tradingview, or telegram @sr_bt
but please understand that responses may be quite late.
Heiken Ashi Smoothed Net VolumeThis indicator attempts to use Heiken Ashi calculations to smooth the Volume net histogram indicator by RafaelZioni. Long above zero line, short below zero line.
Volume Spikes & Growing Volume Signals With Alerts & ScannerVOLUME SPIKES & GROWING VOLUME SIGNALS WITH ALERTS & SCANNER
This indicator shows arrows when there is a volume spike. It also paints the background when volume is growing. There is also a volume scanner for 8 tickers that will change color in real time when your other favorite tickers see volume growth and spikes.
You can customize the length of DMI, the number of bars to calculate the current volume average from, the number of bars back to get the overall volume average from, the multiple that needs to be hit to give a signal, the position of the scanner table and which tickers are used in the scanner. There are detailed directions as tooltips in the indicator settings you can read to understand exactly what each input does.
All features are customizable as well as which tickers the screener uses.
***HOW TO USE***
Watch for volume to pick up before placing trades as this will help you stay out of the markets when price is choppy. Volume usually brings volatility so watch for the volume signals to show up on the chart. Typically when price has made a big move one direction or is consolidating and you see the volume indicator start giving signals, the market is ready to reverse or continue its current trend but move faster in that direction.
Volume Spikes
When there is a volume spike that is larger than the average of volume over the last 100+ bars(depending on your settings) multiplied by the volume amount multiplier(in your settings) then an arrow will show up on the chart. This arrow will be green if DMI is bullish and red if DMI is bearish.
Volume Growth
A Background color will appear when the average volume over the last 5 bars(depending on your settings) is higher than the average volume over the last 100+ bars(depending on your settings) and is greater than your multiple. It will also paint the background when the volume moving average has increased over the last 3 bars consecutively. The background colors will be red or green depending on buy & sell pressure(DMI). If the background color appears, then you know volume is growing and volatility is near.
Volume Scanner
The scanner can be customized to have all of your favorite tickers by changing the tickers used in the indicator settings at the bottom. When no volume growth or spikes are detected, the ticker will show as light blue. When volume spikes or growth is detected, the ticker will turn orange to notify you.
Alerts
You can set up alerts as well when there is volume growth, bullish volume spikes and bearish volume spikes on any chart or timeframe.
Indicator Settings
Settings will need to be adjusted across different tickers as some have large swings in volume and some stay pretty even, so make sure to set up different chart layouts with settings that work for each ticker and save them individually so you don’t have to reset these values every time you switch charts.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex as long as Tradingview has volume and DMI data for that ticker.
***TIMEFRAMES***
This volume spike indicator can be used on all timeframes as long as there is enough data for Tradingview to use for calculations.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Volume Profile, Momentum, Auto Support And Resistance and Money Flow Index in combination with this Volume Growth indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Numbers RenkoRenko with Volume and Time in the box was developed by David Weis (Authority on Wyckoff method) and his student.
I like this style (I don't know what it is officially called) because it brings out the potential of Wyckoff method and Renko, and looks beautiful.
I can't find this style Indicator anywhere, so I made something like it, then I named "Numbers Renko" (数字 練行足 in Japanese).
Caution : This indicator only works exactly in Renko Chart.
////////// Numbers Renko General Settings //////////
Volume Divisor : To make good looking Volume Number.
ex) You set 100. When Volume is 0.056, 0.05 x 100 = 5.6. 6 is plotted in the box (Decimal are round off).
Show Only Large Renko Volume : show only Renko Volume which is larger than Average Renko Volume (it is calculated by user selected moving average, option below).
Show Renko Time : "Only Large Renko Time" show only Renko Time which is larger than Average Renko Time (it is calculated by user selected moving average, option below).
EMA period for calculation : This is used to calculate Average Renko Time and Average Renko Volume (These are used to decide Numbers colors and Candles colors). Default is EMA, You can choice SMA.
////////// Numbers Renko Coloring //////////
The Numbers in the box are color coded by compared the current Renko Volume with the Average Renko Volume.
If the current Renko Volume is 2 times larger than the ARV, Color2 will be used. If the current Renko Volume is 1.5 times larger than the ARV, Color1.5 will be used. Color1 If the current Renko Volume is larger than the ARV . Color0.5 is larger than half Athe RV and Color0 is less than or equal to half the ARV. Color1, Color1.5 and Color2 are Large Value, so only these colored Numbers are showed when use "Show Only ~ " option.
Default is Renko Volume based Color coding, You can choice Renko Time based Color coding. Therefore you can use two type coloring at the same time. ex) The Numbers Colors are Renko Volume based. Candle body, border and wick Colors are Renko Time based.
////////// Weis Wave Volume //////////
Show Effort vs Result : Weis Wave Volume divided by Wave Length.
ex) If 100 Up WWV is accumulated between 30 Up Renko Box, 100 / 30 = 3.33... will be 3.3 (Second decimal will be rounded off).
No Result Ratio : If current "Effort vs Result" is "No Result Ratio" times larger than Average Effort vs Result, Square Mark will be show. AEvsR is calculated by 5SMA.
ex) You set 1.5. If Current EvsR is 20 and AEvsR is 10, 20 > 10 x 1.5 then Square Mark will be show.
If the left and right arrows are in the same direction, the right arrow is omitted.
Show Comparison Marks : Show left side arrow by compare current value to previous previous value and show right side small arrow by compare current value to previous value.
ex) Current Up WWV is 17 and Previous Up WWV (previous previous value) is 12, left side arrow is Up. Previous Dn WWV is 20, right side small arrow is Dn.
Large Volume Ratio : If current WWV is "Large Volume Ratio" times larger than Average WWV, Large WWV color is used.
Sample layout
Chips Average Line (volume price) by RSUThis is a very important volume-price indicator for me.
Displays the average cost of chips for the short term (30 days), medium term (60 days), and long term (200 days).
Chip lines act as support and resistance. The longer the trend days, the greater the strength.
usage:
1. Breakout: If the stock rises, it must be above the short-term chip line. And gradually rise.
2. Sequence: When a bullish trend is formed, the short-term stack is higher than the mid-term stack, and the mid-flag stack is higher than the long-term stack. When there is a bear trend, the order is reversed.
3. Intensive: When the three chip lines are dense, there will be a periodical resonance effect, and the long-term trend will rise or fall sharply
Volume Highlighter in main by RSUThis indicator is displayed in the main picture, which saves the space of a picture indicator.
Volume is highlighted to allow you to focus more on the above-average volume , and if it is greater than 4 times standard deviation it is marked as a huge volume in yellow. There will be support and resistance at this level.
There is a switch to show the turnover.
S2BU2 Volume Oscillator (Improved)Fair Use:
Please do not take my work and sell it under your own name. This was created to benefit everyone - not one person. Feel free however to use it as part of whatever work you wish to sell (of course i would applaud also giving ideas away for free - your choice though ;)
What it is:
The Basis for this Indicator was the original Volume Oscillator. I added Averages for Highs and Lows to make it easier to see relatively over- or undersupplied zones.
I also modified the oscillator to use a fast and a slow moving average à la MACD on itself to get a cleaner and earlier signal for when to expect a big move.
How it works:
A falling MA-line - especially if beneath the Signal-line indicates weakening Strength. Movements made during this time will barely move the needle.
A rising MA-line - especially if above the Signal-line, indicates increasing strength. Movements made during this time will be relatively considerable.
Crossovers above the average High/ below the average Low are especially relevant.
How to use:
Note this is only a recommendation and not advice. Feel free to experiment and adjust the indicator to fit your tradingstyle. This is only my personal setup. Feel free to share your findings.
Best used in combination with another Indicator that gives impulse direction, like for example my Stochastic Momentum Convergence Divergence (). You may also use any other indicator that works for you for this purpose - i am biased towards my own work though :D
What you want to see is a fresh direction-signal followed by a rising MA-line in the Volume Oscillator. For confirmation you can wait until the Volume Oscillator also has a crossover(up only, do not use the crossdown!) between MA- and Signal-line. Best results should be achieved if the MA-line was well below the averageLow-line. Trenddirection may change even while the Volume continuously goes up. Volume is direction agnostic. Always keep an eye on your direction indicator as changes can and will occur. These will be equally as violent and often longer lived than the previous direction you caught - you will lose a lot more than you gain if you do not keep track of that! This Indicator will help you to identify when not to waste your time on a trade, it will not be a magic pill that you can use to set and forget.
Ranged Volume Study - R3c0nTraderCredits:
Thank you "EvoCrypto" for granting me permission to use "Ranged Volume" to create this version of it.
What is this and What does this do?
This study shows the ranged volume, and it can be used to produce buy signals for a 3Commas bot.
What’s different about this script?
I added code so that negative volume has its own color settings and lower opacity than the positive volume.
I changed the color scheme from Yellow, Red, Green, and Black to Yellow, Red, Light Blue, and Dark Blue.
How to Use
1. On the “Inputs” tab:
a. Set your “Volume Range Length” (number of bars to look back)
b. “Heikin Ashi” – Usually I leave this enabled. Make sure this matches what you have in your strategy!
c. “Show Bar Colors” – Leave disabled. Let the Strategy script color the bars in the price chart.
d. “Show Break-Out” – Leave enabled. Highlights the volume breakout in yellow and breakdowns in red.
e. “Show Range” – Leave enabled
Capeya Bar ColorColor bars based on price and volume.
Volume can be set dollar denominated.
Change can be set close to close.
Volume can meet a threshold.
Color is bullish if the change is positive & bar's volume is greater than previous bar's volume.
Color is bearish if the change is negative & bar's volume is greater than previous bar's volume.
Relative Volume Standard DeviationThis indicator, developed by Melvin E. Dickover, calculates the difference between the volume and its simple moving average, but expressed as a ratio in standard deviations.
The plotted bars become green when the volume is unusually large (configurable).
Bogdan Ciocoiu - MakaveliDescription
This indicator integrates the functionality of multiple volume price analysis algorithms whilst aligning their scales to fit in a single chart.
Having such indicators loaded enables traders to take advantage of potential divergences between the price action and volume related volatility.
Users will have to enable or disable alternative algorithms depending on their choice.
Uniqueness
This indicator is unique because it combines multiple algorithm-specific two-volume analyses with price volatility.
This indicator is also unique because it amends different algorithms to show output on a similar scale enabling traders to observe various volume-analysis tools simultaneously whilst allocating different colour codes.
Open source re-use
This indicator utilises the following open-source scripts:
Bogdan Ciocoiu - GreuceanuDescription
This indicator is an entry-level script that simplifies volume interpretation for beginning traders.
It is a handy tool that removes all the noise and focuses traders on identifying potential smart money injections.
Uniqueness
This indicator is unique because it introduces the principle of a moving average in the context of volume and then compares it with tick-based volume.
Its uniqueness is reflected in the ability to colour code each volume bar based on the intensity of each relevant (volume) unit whilst comparing it with the volume moving average.
Another benefit of this indicator is the colour coding scheme that removes volume below a particular threshold (default set to 1) under the volume moving average.
In addition to the above features, the indicator differentiates the colour of each bar by price direction.
Open source re-use
To achieve this functionality several open source indicators have been used an integrated within the current one.
Volume Strength FinderGenerally, Volume indicator shows total Volume of a candle. In this Volume Strength Finder Indicator, I tried to separate Strength of buyers and sellers based on the candle stick pattern. Calculating Buyer and Seller Strength each and every candle of the day based on the pattern formation.
High - close => Buyers
Close - low => Sellers
in this way, cumulative volume separates for buyer and sellers and comparing with total volume of the day and showing results.
if buyer strength more than seller, candle bar color remains green even a candle is negative candle(Open>close) and wise versa.
Note: This is for Education Purpose only.
[jT] Real CandlesThis is an "indicator" that takes the candle's size and multiply it by the current volume, so now the candle size is affected by how much volume is being traded.
Here we assume that the volume traded is essential, and now it kinda have a weight on how the price acts. So "dead-volume" areas will be almost inexpressive in the chart, while the areas with huge volume are where the volatility really happens.
Note: the purple rectangles aren't part of the script, they are just to show how a area with no volume behaves.
Cumulative VolumeThis is a simple script and is derived from OBV (On Balance Volume).
While OBV will smoothen the data, Cumulative Volume will start at zero and add the trading volume on a bullish day and will subtract on a bearish day.
This tool is great to spot divergences between price and volume.
Enjoy! ;-)
[Mad] Volume DeltaThis is a volume indicator that splits purchases and sales into 2 separate columns.
In addition, I added some POW factors to scale the volume to a more compact or expanded picture.
The SMA draws the red line indicating the volume of purchases and sales, also with POW factor customizable, so it is possible to scale it within the volume bars
what to do with this information: it is very easy to find rotation points when the selling volume and the buying volume are equal, this is where possible rotation phases occur
have fun
