Volume Trend Meter LTFA new take to an already popular indicator of mine, now with lower time frame support for a volume called Volume Trend Meter LTF (VTML).
The VTM LTF indicator measures the volume pressure at a specific part of the candle (Start, Middle, or the end of the candle) and displays it as a histogram.
This indicator sums up all green candle volumes and red candle volumes over the selected part of the candle (Select in settings - start end or middle) and plots their values by subtracting increasing volume and decreasing volume.
Use this indicator to identify increasing volume with the green candles (close bigger than open) and increasing volume of the red candles (close is smaller than open).
Can also work on daily charts and higher.
======= Calculation ==========
For Green Column: The total Volume of green candles is higher than the total red candle volume.
For Red Column: The total Volume of red candles is higher than the total green candle volume.
======= Volume Trend Meter LTF Colors =======
Green: Increasing buying pressure.
Red: Increasing selling pressure.
My original VTM (not the lower time frame version):
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Volumepressure
[VC] Box Chart Index V1.0The ''V.C Box Chart Index'' shows the shortest possible wave. It graphically shows the continuous up movement or continuous down movement in the form of a box. As soon as the direction changes, the box changes as well.
It is an effortless way to show the price change that occurred in the box visually. It also correlates to what Wyckoff said about as the buying waves increase in volume, time, and length & the selling waves shorten, lookout for a change in the prevailing trend.
The example below shows more big green boxes than red, and the price change caused by the green box has made the uptrend.
Important Note:
V.C Box Chart Index also correlates to another indicator named V.C Box Chart Histogram
V.C Box Chart Histogram draws the cumulative delta based on each box as a histogram. Combining these two indicators empowers you to see the cumulative demand & supply and buying & selling quantity of each box.
See the Example Blow:
The above example shows that supply is decreasing on down boxes, indicating that fewer sellers are left to pull the market down.
On the other hand, demand increases on the up boxes, indicating that more buyers are coming into the market. As a result, every green box is breaking the previous high & price is moving upside.
For a more comprehensive understanding of the co-relation of these two indicators, read the description from the link below.
V.C Box Chart Index Settings & Properties Explained
Border of Box:
Allow you to show/hide the border of the box
Positive Box & Negative Box Borders:
Allow you to change the border color & opacity
Positive Box & Negative Box:
Allow you to change the color & opacity of the box
Disclaimer Note:
V.C Box Chart Index is not a BUY/SELL signal based indicator or a holy grail trading system.
It is purely Volume, Delta, Orderflow, Demand & Supply imbalance and comparative analysis based indicator tool kit. Before applying this indicator to your analysis, you should know about Volume, Delta & Spread, and Demand & Supply.
Some basic understanding of Sir Richerd Wyckoff's Theory can also be helpful.
Volume Pace & Pressure TableHave you ever wanted to know if a particular tickers volume is above or below average while still in the trading day? This indicator displays an easy-to-read table that informs the user exactly what is occurring in intraday volume. And a whole lot more!
Description
This indicator displays a variable table with either two or three columns and always three rows. It packs everything a user needs to know about volume in one small table. The table shows:
Current trading days volume
Average daily volume
Volume Pace
Volume Pressure (Buying & Selling)
Volume Pace
Volume Pace is a mathematical calculation invented by the author, Infinity_Trading . The problem was to figure out a way to know if the current days volume was below average or above average while still in the trading day. Calculations like Percent Daily Volume don’t work during the intraday trading hours. For example, say SPY has a 20-day volume average of 100 million shares. If in the first hour SPY has only traded 10 million shares then dividing the current volume into the average daily volume doesn’t tell the user anything when there is still 5.5 hours of trading left in the trading day. There had to be a better way! The solution was to chop up the trading day into evenly divisible time periods (i.e. <= 30 minutes). The Volume Pace algorithm takes the average daily volume and chops it up into small time periods based upon the charts current timeframe. This is the average volume per smaller time period. Then use the current days volume and the number of time periods that have occurred in the trading day so far (at the current moment in time i.e. the current candlestick) to form a calculation that returns the volume above or below the average volume up to that point in time.
Volume Pace Equations
Intraday Vol. Pace = Today’s Current Vol. - ( ( Average Daily Vol. / Time periods in trading day ) * Time periods that have occurred so far in trading day )
Postday Vol. Pace = Today’s Trading Vol. - Average Daily Vol.
^ Vol. = Volume (because TradingViews pine tags are dumb)
Volume Pace Definitions
Volume Pace is the difference in cumulative volume between todays current volume and the average daily volume up to same time of the day
Volume Pace Usage
If the Volume Pace is a positive number then it means that up to the current trading time the volume is that amount greater than the average daily volume over that same intraday time span.
If the Volume Pace is a negative number then it means that up to the current trading time the volume is that amount smaller than the average daily volume over that same intraday time span.
If the Volume Pace is positive during the intraday then the volume is on track to be an above average volume trading day.
If the Volume Pace is negative during the intraday then the volume is on track to be a below average volume trading day.
The Percent Volume Pace is the percent increase or decrease of the current volume compared to the average volume up to the same time of day. Or the Percent Volume Pace is the Volume Pace expressed as a percentage.
After the trading day is complete the Volume Pace will be the difference between the Daily Volume and the Average Daily Volume. And the same thing applies to the Percent Volume Pace.
Volume Pressure
The author, Infinity_Trading, did not invent the calculations for Volume Pressure but the definitions and explanations of Volume Pressure are their own creations. In specific terms, Volume Pressure is a mathematical calculation that uses the direction and distances of individual candlesticks bodies and wicks to assign a numerical value to volume.
buyingPressure = vol * (close - low) / (high - low)
sellingPressure = vol * (high - close) / (high - low)
^ vol = Volume (because TradingViews pine tags are dumb)
The author wants to make clear that volume “pressure” isn’t a real thing. Trades in any market require a buyer and a seller. So there is always an equal number of buyers and sellers. Thus, the idea that there are more buyers or more sellers isn’t rooted in reality. BUT the author believes that the calculation and understanding of “volume pressure” takes a very complex subject (price moment in a market) and condenses into something that intuitively makes sense to humans (pressure) and places it onto something that is already on everyone’s charts (volume bars).
The calculation for Buying Pressure is really calculating the upward distance between the low and the close of the candle. While Selling Pressure is measuring the downward distance from the high to the close. And both are using volume bars to express these measurements. So if an individual candle goes down then the red Selling Pressure will be more on the stacked bar chart than the green Buying Pressure. And vice versa for candles that went up. If a Volume Pressure bar is completely one color then it means, for a downward candle, the low and close were equivalent, and for an upward candle, the high and the close were the same. Lastly, the Buying & Selling Pressure will always add up to 100%.
Inputs and Style
In the Input section the user can set the number of days to use for all of the average calculations. All aspects of the table can be controlled. The background color, text color, border widths, and border colors. Also, the table can be moved to 9 unique locations around the chart for complete user control. Also, the user can use their cursor to hover over each cell in the table to reveal a tooltip definition of the calculation in the cell.
Special Notes
The volume table won’t display when the chart timeframe is weekly or monthly because the logic uses “daily” volume.
The Volume Pace column in the table disappears when the timeframe is greater than 30 minutes. Because for Volume Pace to work the time periods must be equally divisible into 6.5 hours (the duration of trading day).
Volume Pressure BarsDescription
This indicator transforms the normal volume bars into buying and selling segments. This allows the user to easily see how much buying and selling pressure is occurring on any given timeframe. The buying and selling pressure values are calculated using the following equations:
buyingPressure = volume * (close - low) / (high - low)
sellingPressure = volume * (high - close) / (high - low)
Moving Average Line
Also included in this indicator is the optional moving average line. This allows the user to easily see if volume is above or below the average line. All aspects of the moving average line can be adjusted. The line can be toggled on & off, the length of the moving average can be adjusted, the mathematical smoothing function can be chosen, and the color & style of the line can be configured.
Scaling
If the volume pressure bars are displayed on the same “pane” as the price candles, then the volume bars can be scaled up or down. In the Input settings check the “Scale Bars” checkbox. Then increase the “Scaling Factor” number to make all of the volume bars smaller (to allow more room on your chart) or decrease the number to make the volume bars bigger.
IMPORTANT NOTE #1: scaling only works when the volume pressure bars are in the same pane as the price candles. If the volume pressures bars are in their own pane, then the “Scale Bars” toggle has no effect.
IMPORTANT NOTE #2: if the volume pressure bars are in the same pane as the price candles then there will be a sizable gap between the bottom of the volume bars and the time axis on the TradingView chart. This IS NOT a bug in this indicators code. The gap IS a bug in the TradingView platform that affects all volume indicators besides the default volume indicator that comes with each blank chart. To remove the gap then move the “_Vol Bars” indicator to its own pane above or below the main pain.
Volume Numbers
In Pine Script there is not a true stacked bar chart plot. What the author has to use are multiple bar charts that are in front and behind each other. This gives the impression that the bars are truly stacked because the selling pressure is always smaller than the total volume on any given bar. There is no issue to visually look at the bars and see their heights but if the user used their cursor to hover on a bar to get the actual volume pressure values it leads to issues. To address this problem the author has created a third invisible bar called “Buy Vol Label” that is the buy pressure volume value. Thus when the user hovers the cursor over a bar the first value (from left to right) is the total volume for the bar, the second value is the sell pressure, the third value is the buy pressure, and the fourth value (if toggled on) is the moving average value.
Volume Trend MeterSweet little indicator which measures volume pressure over a specific period of time.
i call it Volume Trend Meter, or just VTM,
The indicator sums up all green candles volume and red candles volumes over a specific period of bars (you set in settings) and plots their values.
Use this indicator to identify increasing volume with the green candles (close higher than open) and increasing volume of the red candles (close is lower than open).
======= Calculation ==========
For Green Column: Total volume of green candles is higher than total red candles volume.
For Red Column: Total volume of red candles is higher than total green candles volume.
======= Volume Trend Meter Colors =======
Green: Increasing buying pressure.
Red: Increasing selling pressure.
Like if you like and Follow me for upcoming indicators/strategies.
RogTrader Bull Bear StrengthsSimplified Bull/Bear Strengths Indicator uses price action, volume flow, and candlesticks to calculate bull and bear strengths, also known as buying and selling pressures.
Green/Red Volume Bars can be misleading at times
This indicator shows the net bull/bear power
Recommended to be used in combination with indicators to find reversal signals.
For example, during an uptrend, a long red bar indicates that strong selloff has started, and bears begin to control the bargains.
Volume RSIThis is a script about the RSI for the Volume Trend, with this indicator we can help us to watch the force of a volume trend (not price). Some times this can help us to clarify the change of the direction.
This is a continuation of the:
Volume Spread Graph
Volume CCI
Volume Trend Oscillator
ideas, comments and suggestions (or corrections).They are always welcome
Volume CCIHere simply calculate the CCI of the volume, this will use to measure the strength of the trend of the volume
Background:
I think the volume as the price could be represented by candles or other graphic to use indicators and strengthen their analysis, due to lack of registration of this it is first necessary to calculate a volume graph, if the candle traditionally negative price brand then the total volume is taken as negative for the period. An example of this is in the On Balance Volume indicator, the problem is that there is no way to analyze the volume using other methods. An approximate volume of the spread could be the use of the price spread to make a synthetic behavior
As traditionally is observed if Open> Close then the candle and the volume will be negative and vice versa; the next step, is estimate the amounts of the candle necessary to calculate the ratio to use for the volume and thus idealize their spread within the candle:
VLOW = Volume x Low
vHigh = x High Volume
VOpen = vClose
vClose = Volume x Close
This graph can show a stable synthetic form of fluctuations in the volume trend affected by price.
ideas, comments and suggestions (or corrections).They are always welcome
Acc/DistAMA with FRACTAL DEVIATION BANDS by @XeL_ArjonaACCUMULATION/DISTRIBUTION ADAPTIVE MOVING AVERAGE with FRACTAL DEVIATION BANDS
Ver. 2.5 @ 16.09.2015
By Ricardo M Arjona @XeL_Arjona
DISCLAIMER:
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the
author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.
The embedded code and ideas within this work are FREELY AND PUBLICLY available on the Web for NON LUCRATIVE ACTIVITIES and must remain as is.
Pine Script code MOD's and adaptations by @XeL_Arjona with special mention in regard of:
Buy (Bull) and Sell (Bear) "Power Balance Algorithm" by:
Stocks & Commodities V. 21:10 (68-72): "Bull And Bear Balance Indicator by Vadim Gimelfarb"
Fractal Deviation Bands by @XeL_Arjona.
Color Cloud Fill by @ChrisMoody
CHANGE LOG:
Following a "Fractal Approach" now the lookback window is hardcode correlated with a given timeframe. (Default @ 126 days as Half a Year / 252 bars)
Clean and speed up of Adaptive Moving Average Algo.
Fractal Deviation Band Cloud coloring smoothed.
>
ALL NEW IDEAS OR MODIFICATIONS to these indicator(s) are Welcome in favor to deploy a better and more accurate readings. I will be very glad to be notified at Twitter or TradingVew accounts at: @XeL_Arjona
Any important addition to this work MUST REMAIN PUBLIC by means of CreativeCommons CC & TradingView. Copyright 2015
Acc/Dist. Cloud with Fractal Deviation Bands by @XeL_ArjonaACCUMULATION / DISTRIBUTION CLOUD with MORPHIC DEVIATION BANDS
Ver. 2.0.beta.23:08:2015
by Ricardo M. Arjona @XeL_Arjona
DISCLAIMER
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.
The embedded code and ideas within this work are FREELY AND PUBLICLY available on the Web for NON LUCRATIVE ACTIVITIES and must remain as is.
Pine Script code MOD's and adaptations by @XeL_Arjona with special mention in regard of:
Buy (Bull) and Sell (Bear) "Power Balance Algorithm by Vadim Gimelfarb published at Stocks & Commodities V. 21:10 (68-72).
Custom Weighting Coefficient for Exponential Moving Average (nEMA) adaptation work by @XeL_Arjona with contribution help from @RicardoSantos at TradingView @pinescript chat room.
Morphic Numbers (PHI & Plastic) Pine Script adaptation from it's algebraic generation formulas by @XeL_Arjona
Fractal Deviation Bands idea by @XeL_Arjona
CHANGE LOG:
ACCUMULATION / DISTRIBUTION CLOUD: I decided to change it's name from the Buy to Sell Pressure. The code is essentially the same as older versions and they are the center core (VORTEX?) of all derived New stuff which are:
MORPHIC NUMBERS: The "Golden Ratio" expressed by the result of the constant "PHI" and the newer and same in characteristics "Plastic Number" expressed as "PN". For more information about this regard take a look at: HERE!
CUSTOM(K) EXPONENTIAL MOVING AVERAGE: Some code has cleaned from last version to include as custom function the nEMA , which use an additional input (K) to customise the way the "exponentially" is weighted from the custom array. For the purpose of this indicator, I implement a volatility algorithm using the Average True Range of last 9 periods multiplied by the morphic number used in the fractal study. (Golden Ratio as default) The result is very similar in response to classic EMA but tend to accelerate or decelerate much more responsive with wider bars presented in trending average.
FRACTAL DEVIATION BANDS: The main idea is based on the so useful Standard Deviation process to create Bands in favor of a multiplier (As John Bollinger used in it's own bands) from a custom array, in which for this case is the "Volume Pressure Moving Average" as the main Vortex for the "Fractallitly", so then apply as many "Child bands" using the older one as the new calculation array using the same morphic constant as multiplier (Like Fibonacci but with other approach rather than %ratios). Results are AWSOME! Market tend to accelerate or decelerate their Trend in favor of a Fractal approach. This bands try to catch them, so please experiment and feedback me your own observations.
EXTERNAL TICKER FOR VOLUME DATA: I Added a way to input volume data for this kind of study from external tickers. This is just a quicky-hack given that currently TradingView is not adding Volume to their Indexes so; maybe this is temporary by now. It seems that this part of the code is conflicting with intraday timeframes, so You are advised.
This CODE is versioned as BETA FOR TESTING PROPOSES. By now TradingView Admins are changing lot's of things internally, so maybe this could conflict with correct rendering of this study with special tickers or timeframes. I will try to code by itself just the core parts of this study in order to use them at discretion in other areas. ALL NEW IDEAS OR MODIFICATIONS to these indicator(s) are Welcome in favor to deploy a better and more accurate readings. I will be very glad to be notified at Twitter or TradingView accounts at: @XeL_Arjona
