Inducement / Stop Hunt [TFO]This indicator shows inducement / stop hunts accompanied by volume spikes. The idea is inspired by ICT (Inner Circle Trader) concepts where price is always seeking "liquidity" by reaching for trivial pivots where the average retail trader would put their stop loss. When price seeks these levels and stops out these traders, you might expect an influx of volume due to the high number of shares/contracts being exchanged. And when there is an above-average spike in volume at these prices, it's possible to assume "smart money" may be buying retail's sell stops and vice versa. This is just my interpretation - I'm aware that ICT doesn't use volume as part of his analysis, and often advocates against using volume altogether, however I personally find it to be a great analytical tool in this context.
In my opinion this works best on 1m and smaller timeframes. Volume gets very diluted on timeframes greater than 1-3 minutes. It's easier to find volume spikes on very small timeframes like the 15s.
Volumemovingaverage
Volume SpikesShows volume spikes over a certain threshold, using a symbol's volume moving average as the baseline. Offers a few different filters regarding candle shapes and types, in an attempt to catch quick moves on extremely low timeframes (sub-1m).
Ultimately I would like to integrate this logic into an indicator that contains automated stop raid/inducement detection.
Volume Analysis*Sourced code from Volume Flow v3 by oh92 for Bull\Bear volume flow calculations. Thank you so much for your engineering skills!
This indicator integrates the Ma-over-MA crossover strategy in oh92's V3 DepthHouse calculation with a volume-over-MA
calculation to further narrow down "Areas of Interest" levels for a potential re-test zone to the right of the chart.
I added a Moving Average calculation for a multi-level cloud and further broke down more conditions to highlight both
volume flow crossover on the High and Extreme High MA's and also high and extreme high volume spikes on set period average
without bull\bear conditions. Original Bull/Bear Spikes are still viewable although that was the only plot from oh92's script
that was integrated.
Session backgrounds set for research purposes.
Please note: Setting MA Cloud to "None" will remove all plots calculated with the MA Cloud from the chart entirely. Turn off visuals
in the Style tab.
High Volume Filter for Nifty and Bank Nifty - by PAHigh Volume Filter for Nifty and BankNifty Indices in NSE. The volume candles are shown normally if volume is greater than 50k for BankNifty Index futures and 125k for Nifty Index futures. The default is 50k for any symbol and can be modified to the desired value.
VolT by empowerTVolT is conceived to expose and alert volume volatility.
Using 21-candle moving average volume values compared to the current candle volume, you can graphically see the volume as it comes in - as a percentage of the historic 1X volume moving average.
Getting close to 2X or 5X of the 21-candle SMA? Just glance at the transparent plots behind the volume bars - or the actual percentage value in yellow.
Never wonder again how much volume that bar is compared to previous volume - now you know. Set alerts based on the volume crossing your chosen volume SMA. You'll never be surprised that the hedgies loaded up and left you behind, because you'll be right there loading up with them. (Let me know if you need help setting the alerts...)
As always, your feedback and criticisms are appreciated.
