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
Volumeprice
Volume x Price in Crores + RVolScript is designed predominantly for Indian users. Many are used to looking at numbers in lakhs and crores vs millions and billions, this provides a volume figure in rupee crores.
Formula is last close_price x volume / 1 cr or (close_price x volume /10000000). The second figure is the simple moving average (default to 20sma ) again in rupee crores. The third is the relative volume - todays volume / 20 day moving average.
Helpful especially when putting on a trade for a thinly traded stock. It is a quick gauge to how large or small one would want to buy or avoid. Helps manage risk. Also, great to see large volumes in crores to gauge institutional buys or sells.
On 10/NOV/21 - In the chart displayed here, Titan volumes are on average quite substantial as one can see. The 20 day moving average is 550 CR+. 10/NOV volumes are shown as 226 CR and the RVOL is 0.41 (226/550).
True Volume Flow IndexAn indicator that studies the price movement with the trading volume in the form of an equation that represents the trading volume in the price range.
It is excellently used to determine buying from support areas, as well as confirming the breach of resistances, see the example in the attached chart,
The best use of it is the DIVERGENCE between the indicator and the price.
Volume price action and reaction index V1.0 (VPARI V1.0)Volume indicator adjusted according to price movement.
It is used to confirm entry into trades , Each candle represents a measure of the strength of the change in volume with the price calculated by more than one mathematical equation.
the best way to use :
Divergence, either positive or negative
It is used with Crypto currencies and stocks, not suitable for use with commodities .
The example is shown in the attached chart .
If you like it, don't forget to comment your experience using it.
Welkin Advanced Volume Overlay (for VSA)This is a PineScript translation of Welkin's Advanced Volume Indicator Overlay, originally written for ThinkOrSwim. This tool is designed to facilitate Volume Spread Analysis (VSA) by highlighting areas of above average volume alongside price movement.
This indicator does two things:
1. Plots lines that extend from candles of above average, high, and very high volume.
2. Colors in candles with colors indicating volume levels (when "Paint Candles With Volume Colors" is enabled).
Blue lines mark candles with Average volume, based on a 20 SMA.
Orange lines mark 2-sigma (2 times standard deviations higher) volume.
Magenta lines mark 3-sigma (3 times standard deviations higher) volume.
When enabled, gray colored candles indicate below average volume.
Yellow candles indicate volume that is relatively higher than the previous candle, default is 1.25x.
Earned ProEarned Pro - is result of many trials, problems and mistakes. This script includes everything I know about price behavior and this is truly maximum that can be squeezed out from broker data. So, what kind of data does the script provide? Earned Pro divides volume of current bar into several parts, clearly indicating how much of this volume was involved in the trading process and in which form. Earned Pro shows difference between trading process and balanced position when desire to buy is equal to desire to sell.
Settings:
1) Buying current sales - so light green color in standard settings indicates about predominance of purchases from those players who were selling directly in current candle. So, it turns out that this indicator tells us that only those contracts are bought that are sold right here in this bar.
2) Buying old sales – dark green color in standard settings indicates about predominance of purchases from those players who were selling in the past (NOT in this candle) so that mean this volume was satisfied. It’s very important to know? How you think? 😉
3) Selling current buys - sale of contracts purchased in current candle. It's simple - this is predominance of sales to those purchases that are made in current candle.
4) Selling old buys – sale of contracts that was purchased in the past. Important? Of course, because you know what exactly happens.
How to use this information? I explain. So, what kind of picture can be:
1) Bull candle and “Buying old sales” bigger that another. It means market satisfied old sales (short position) by selling to user who want to buy in this candle (trader close short – return his debt). Its short signal.
2) Bull candle and “Buying current sales” bigger that another. It means market satisfied current sales it’s NOT trend exhausting its only clear sold. And of course, we can’t interpret this kind of bull candle like growth is over. Its like traders purchase and exchange lets this process go - interested in growth.
3) Bear candle and “Buying old sales” bigger that another. It means market invest in this point and price took bull potential. For example, it can be purchasing from traders who close they shorts what was open in the past. Its bulls signal. Just like traders think that downward trend will over.
4) Bear candle and “Buying current sales” bigger that another. It means market don’t want to stop downward trend and sold is more active than current purchasing.
5) Bull candle and “Selling old buys” very strong short signal because it satisfies of purchases that was doing in the past.
6) Bull candle and “Selling current buys” trade continue on fuel element - It means market don’t want to stop upward trend and buys is more active than current sells.
7) Bear candle and “Selling old buys” – traders close they longs and exchange purchase it its just like example number 1 but in reverse.
8) Bear candle and “Selling current buys” – It means market satisfied current buys it’s NOT trend exhausting its only clear purchase. And of course, we can’t interpret this kind of bear candle like downward is over. It’s like traders sell and exchange lets this process go - interested in downward.
You must understand that Earned Pro showing predominance volume (it means indicated volume of this process is greater than rest of volume - rest of volume is balanced by vector of forces).
Its paid script. Want to rent – write private.
Freedom of MovementFreedom of Movement Indicator
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In “Evidence-Based Support & Resistance” article, author Melvin Dickover introduces two new indicators to help traders note support and resistance areas by identifying supply and demand pools. Here you can find the support-resistance technical indicator called "Freedom of Movement".
The indicator takes into account price-volume behavior in order to detect points where movement of price is suddenly restricted, the possible supply and demand pools. These points are also marked by Defended Price Lines (DPLs).
DPLs are horizontal lines that run across the chart at levels defined by following conditions:
* Overlapping bars: If the indicator spike (i.e., indicator is above 2.0 or a custom value) corresponds to a price bar overlapping the previous one, the previous close can be used as the DPL value.
* Very large bars: If the indicator spike corresponds to a price bar of a large size, use its close price as the DPL value.
* Gapping bars: If the indicator spike corresponds to a price bar gapping from the previous bar, the DPL value will depend on the gap size. Small gaps can be ignored: the author suggests using the previous close as the DPL value. When the gap is big, the close of the latter bar is used instead.
* Clustering spikes: If the indicator spikes come in clusters, use the extreme close or open price of the bar corresponding to the last or next to last spike in cluster.
DPLs can be used as support and resistance levels. In order confirm and refine them, FoM (Freedom of Movement) is used along with the Relative Volume Indicator (RVI), which you can find here:
Clustering spikes provide the strongest DPLs while isolated spikes can be used to confirm and refine those provided by the RVI. Coincidence of spikes of the two indicator can be considered a sign of greater strength of the DPL.
More info:
S&C magazine, April 2014.
NJVolumeNJVolume
1. Additional Volume x Price Value
2. Indicate Volume High in 20d,50d,100d & 200d
3. Purple Diamond indicate volume strong for short term
Waves in Price (Volume Waves)Waves in Price (Volume Waves)
TheDowVolumeBigot>0 (Bullish) =Lime color
Very High=Dark Green color
High=Green color
TheDowVolumeBigot<0 (Bearish) =Orange color
Low=Red color
Very Low=Dark Red color
Barcolor
