Volume Price Trend with Divergence and Pivot Points The volume price trend indicator is used to determine the balance between a security’s demand and supply. The percentage change in the share price trend shows the relative supply or demand of a particular security, while volume indicates the force behind the trend. The VPT indicator is similar to the on-balance volume (OBV) indicator in that it measures cumulative volume and provides traders with information about a security’s money flow.
This is Volume Price Trend or VPT recalculated to be an Oscillator, a Divergence hunter was added, also Pivot Points and Alerts.
VPT is considered a "leading indicator" - in contrast to a "lagging indicator" just as Moving Averages it does not show a confirmation what already happened, but it shows what can happen in the future. For example: The chart is climbing while the VPT oscillator is slowly declining, gets weaker and weaker, maybe even prints bearish divergences? That means that a reversal might be occurring soon. Leading indicators are best paired with Stop and Resistance Lines, general Trendlines , Fib Retracements etc...Your chart is approaching a very important Resistance Trendline but the VPT shows a very positive signal? That means there is a high probability that the Resistance is going to be pushed though and becomes Support in the future.
What are those circles?
-These are Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish.
What are those triangles?
- These are Pivots . They show when the VPT oscillator might reverse, this is important to know because many times the price action follows this move.
Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
Volumepricetrend
Average High Traded Volume (Nodes) - Levels/Zones (Expo)Average High Traded Volume (Nodes) - (Expo) automatically identifies and displays High Traded Volume Nodes.
Levels/Zones are displayed where there has been a significant level of trading activity and when there has been both high supply and demand. These levels can leave clues for future price behavior and act as support/resistance zones.
The indicator can be used standalone or as a part of your current trading strategy.
Real-time
No repainting
Works on any market if volume data is provided
HOW TO USE
1. Use the indicator to identify High Traded Volume Nodes.
2. Use the indicator to identify support/resistance zones.
3. Use the indicator to confirm the existence, or a continuation, of a trend or a trend reversal.
INDICATOR IN ACTION
4-hour chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Ultimate Volume OscillatorThis is a Premium Volume Oscillator indicator which aims to set a framework for Advanced Volume Studies.
The indicator allows plotting multiple Volume Oscillators based on a variety of volume sources, including:
OBV
A/D
VPT
Multiple Volume Ratios
It also includes the ability to spot potential divergences:
Regular Divergences
Hidden Divergences
Advanced selection of Divs settings
And includes the Volatility Belt, which is super-useful to spot volatility changes in sync with volume shifts.
Additional volume studies might be included down the road.
If you're interested in this one, please PM me.
Ultimate Volume Price Trend (VPT)This is a Premium Indicators for Professional Traders willing to dig into Volume-Price Trend (VPT) studies.
The Ultimate VPT indicator allows to source the volume from 5 different sources :
Current Exchange (All markets: crypto and legacy)
Aggregated from Unleveraged Exchanges (check below available markets)
Aggregated from Leveraged Exchanges (check below available markets)
Aggregated from All Exchanges (check below available markets)
Aggregated from Custom Selection of Exchanges (check below available markets)
On this first release you can aggregate the volume from the following markets:
BTCUSD
ETHUSD
ETHBTC
The Ultimate VPT indicator helps to spot divergences (experimental):
Regular divergences
Hidden divergences
Real time potential divergences
Highlight the divergence drawing a line, a dot or a label
Customize the looking of the divergences notification
The Ultimate VPT indicator also allows plotting a signal line :
Create a Signal Line based by smoothing the oscillator
Select between multiple smoothing methods: SMA, EMA, DEMA, TEMA, WMA, VWMA, SMMA, HULLMA, TMA
Customize the Signal Line Period
Highlight the crosses between the Oscillator and the Signal Line
The Ultimate VPT indicator includes preset tradingview alerts :
Custom alerts to notify crosses with Signal Line
Custom alerts to notify divergences
The Ultimate VPT indicator includes preset tradingview alerts :
Custom alerts to notify crosses with Signal Line
Custom alerts to notify divergences
Additional features:
Full customization of the look and feel of the indicator
Hinting of Low volatility
Label of the line for better reference
This indicator is meant to be used by a private group of professional traders. If you would like to subscribe, please send me a private message.
