Heatmap Volume ProfileThe Volume Profile with Support/Resistance indicator is a powerful tool designed to help traders visually identify support and resistance zones based on volume analysis at specific price levels. Unlike traditional volume indicators that focus on time-based volume, this indicator analyzes the volume traded at various price levels, offering a clearer view of where the strongest buying and selling forces are concentrated.
Key Features:
Volume Heatmap: The indicator displays a colored heatmap that varies based on the volume traded at different price levels. "Hot zones" (red) indicate areas with high volume, while "cold zones" (blue) represent areas with low volume.
Automatic Detection of Support and Resistance Levels: In addition to the heatmap, the indicator automatically detects price levels where the volume reaches a significant threshold. These levels are marked with white lines on the chart, highlighting potential support and resistance zones.
Adjustable Granularity: The number of price bands can be adjusted, allowing for finer or broader volume analysis. This helps customize the analysis based on the volatility of the asset and the chosen time frame.
Configurable Analysis Period: The number of historical bars used for volume analysis can be defined by the user, enabling the analysis of short-term or long-term volume trends.
Customizable Support/Resistance Threshold: A parameter allows you to define the threshold at which a volume level is considered significant enough to be marked as support or resistance.
Indicator Parameters:
Number of Price Bands (Granularity):
This parameter controls how finely the price is divided into bands. The higher the number of bands, the more precise the volume analysis. The default is set to 50 bands.
Color Transparency:
This parameter adjusts the transparency of the heatmap colors, making it easier to read when overlaid on the price chart.
Number of Bars for Analysis:
Defines the historical period used for volume analysis. The default is 200 bars, but it can be adjusted based on your time frame and the asset being analyzed.
Volume Threshold for Support/Resistance:
This setting allows you to define the intensity of volume (between 0.1 and 1.0) necessary for a price level to be marked as support or resistance. This parameter ensures that only the most relevant levels are displayed.
Practical Use:
Identify Support and Resistance Zones: Traders can use the levels marked by this indicator to identify areas where significant volumes have been traded, signaling potential support or resistance. These zones are often where the market may reverse direction or confirm a trend.
Detect Congestion Zones: The heatmap allows traders to easily spot volume congestion zones, where prices tend to stall due to the high concentration of trading at those levels.
Improve Decision-Making: By combining price-level volume analysis, traders can better understand where the market’s key forces are located, allowing for more informed entry and exit strategies.
Example of Use:
Support: If a support line is detected at a price level with high volume, it may represent an area where buyers are heavily concentrated, making it more difficult for the price to break below that level.
Resistance: Conversely, a resistance line indicates a zone where sellers have a significant presence, suggesting that the price may struggle to move above that level without strong momentum.
Target Audience:
This indicator is ideal for:
Day traders looking to spot short-term reversal points based on volume concentration.
Swing traders identifying key zones to place limit orders or stops.
Long-term traders who want to analyze volume clusters over an extended period to determine critical levels to watch.
Conclusion:
The Volume Profile with Support/Resistance indicator is an essential tool for any trader looking to understand how volume behaves at each price level. With its intuitive visualizations and automatically marked levels, this indicator makes it easy to spot important support and resistance zones, helping traders optimize their strategies and anticipate market movements more effectively.
Volumeprofil
Falcon - Volume & Level reaction Falcon - Volume & Level Reaction
Our indicator, Falcon - Volume & Level Reaction, is designed to provide traders with comprehensive insights into price behavior through the calculation of horizontal volume profiles. By analyzing these profiles, the indicator identifies key levels and assesses price reactions, offering valuable trading signals.
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# Concept
The Falcon - Volume & Level Reaction indicator is built to help traders identify and capitalize on key market levels by analyzing volume profiles and price behavior. This indicator enhances trading strategies by providing clear signals based on robust analysis, allowing traders to make informed decisions and improve their trading outcomes.
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# Functions
1. Volume Profile Calculation
- Profile Period: Calculates horizontal volume profiles over a specified number of bars.
- Peak Volumes: Identifies peak volume levels based on the sensitivity parameter.
2. Price Behavior Analysis
- Primary Check: Determines if bars close above or below the peak level.
- Secondary Checks:
- Volume Decrease: Confirms a decrease in volume after the price touches the level.
- Volatility Check: Ensures bars do not exceed the average ATR range.
3. Signal Generation
- Combined Signals: The primary check generates initial long/short signals, while secondary checks strengthen these signals.
- Real-time Alerts: Provides "Potential" short or long signals based on the current candle's closure relative to the level.
4. Comprehensive Analysis: Helps identify multiple factors that validate level protection and potential price reversals.
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# Description of Checks
1. Primary Check: Price Closure
- This check assesses whether the bars close above or below the identified peak volume levels. If the price closes above the level, it generates a long signal; if it closes below, it generates a short signal. This check is fundamental as it directly indicates the price's interaction with significant volume levels.
2. Secondary Check 1: Volume Decrease
- After the price touches a peak volume level, this check verifies if there is a subsequent decrease in trading volume. A decrease in volume after touching the level suggests reduced market interest at that price, which can indicate potential reversals or continuations based on the overall market context.
3. Secondary Check 2: Volatility Check
- This check ensures that the price bars do not exceed the average ATR range after touching the peak volume level. Lower volatility near key levels indicates stability and strengthens the signal generated by the primary check, confirming the market's reaction to these levels.
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# How to Use the Indicator
1. Set Parameters: Define volume profile parameters such as profile period, number of peaks, and level sensitivity.
2. Analyze the Chart: Observe the peak volume levels displayed on the chart.
3. Receive Signals: Follow the buy or sell signals that appear when the price touches the level and the primary and secondary checks are met.
4. Respond to Alerts: When a "Potential" long or short signal appears, evaluate the closure of the current candle relative to the level to make a trading decision.
Example of Work
- Setup:
- Result:
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# Input Parameters
- Profile back: Defines the lookback period for volume profiles (10–500, step 1).
- Max Profile: Sets the maximum number of profiles (10–300, step 5).
- Profiles Length: Specifies the length of profiles (10–100, step 1).
- Profiles Offset: Determines the offset for profiles (0–100, step 1).
- Profiles Width: Sets the width of profiles (1–10).
- Profiles Color: Chooses the color for profiles.
- Lvls Color: Chooses the color for levels.
- Lvl's sensitivity: Adjusts the sensitivity of levels (1–10).
- tolerance: Sets the tolerance level (0.000–0.003, step 0.001).
- tolerance ATR: Defines the ATR tolerance (1.0–4.0).
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Falcon - Volume & Level Reaction
Индикатор на основе горизонтальных объемов помогает трейдерам выявлять ключевые уровни объемной проторговки, предоставляя четкие сигналы для принятия торговых решений.
Функции
– Определение и отображение пиковых уровней объемной проторговки.
– Сигналы на покупку (Long) и продажу (Short) на основе поведения цены.
– Анализ объема торгов до и после касания уровня.
– Оценка волатильности цены в период консолидации.
– Автоматическая подстройка под выбранный таймфрейм.
– Отображение локальных максимумов и минимумов.
Настройки
– Количество баров назад VRVP: определяет период для расчета горизонтальных объемов.
– Множитель ATR: коэффициент для вычисления волатильности.
– Множитель погрешности: допустимая погрешность касания уровня.
– Период расчета ATR: количество баров для расчета среднего ATR.
– Отображение Local HH/LL: включение/выключение отображения локальных максимумов и минимумов.
Версии
Данный скрипт – упрощенная версия нашего индикатора с закрытым доступом. Открытая версия доступна для BTC и ETH, только на дневном таймфрейме, без возможности изменения параметров
Price & Volume Profile (Expo)█ Overview
The Price & Volume Profile provides a holistic perspective on market dynamics by simultaneously tracking price action and trading volume across a range of price levels. So it is not only a volume-based indicator but also a price-based one. In addition to illustrating volume distribution, it quantifies how frequently the price has fallen within a particular range, thus offering a holistic perspective on market dynamics.
This unique and comprehensive approach to market analysis by considering both price action and trading volume, two crucial dimensions of market activity. Its distinctive methodology offers several advantages:
Holistic Market View: By simultaneously tracking the frequency of specific price ranges (Price Profile) and the volume traded at those ranges (Volume Profile), this indicator provides a more complete picture of market behavior. It shows not only where the market is trading but also how much it's trading, reflecting both price acceptance levels and market participation intensity.
Point of Control (POC): The POC, as highlighted by this indicator, serves as a significant reference point for traders. It identifies the price level with the highest trading activity, thus indicating a strong consensus among market participants about the asset's fair value. Observing how price interacts with the POC can offer valuable insights into market sentiment and potential trend reversals.
Support and Resistance Levels: Price levels with high trading activity often act as support or resistance in future price movements. The indicator visually represents these levels, enabling traders to anticipate potential price reactions.
Price Profile
Price and Volume Profile
█ Calculations
The algorithm analyzes both trade frequency and volume across different price levels. It identifies these levels within the visible chart range, then examines each bar to determine if the selected price falls within these levels. If so, it increases a counter and adds the trading volume. This process repeats across the visible range and is visualized as a horizontal histogram, each bar representing a price level and the bar length reflecting trade frequency and volume. Additionally, it calculates the Point of Control (POC), signifying the price level with the highest activity.
In summary: The histogram presents a dual perspective - not only the traded volume at each price level but also the frequency of the price hitting each range. The longer the bar, the more times the price has frequented that specific range, revealing key insights into price behavior and acceptance levels. These frequently visited areas often emerge as strong support or resistance zones, helping traders navigate market movements.
Please note that the indicator adjusts to the visible price range, making it adaptable to changing market conditions. This dynamic analysis can provide more relevant and timely information than static indicators.
█ How to use
This indicator is beneficial for traders as it offers insights into the distribution of trading activity across different price levels. It helps identify key areas of support and resistance and gives a visual representation of market sentiment and liquidity.
The point of control (POC) , which is the price level with the highest traded volume or frequency count, becomes even more crucial in this context. It marks the price at which the most trading activity occurred, signaling a strong consensus among market participants about the asset's fair value. If the market price deviates significantly from the POC, it could suggest an overbought or oversold condition, potentially leading to a price reversion.
Fair Price Areas/gaps are specific price levels or zones where an asset has spent limited time in the past. These areas are considered interesting or significant because they may have an impact on future price action.
Similar to the concept of fair value gaps, which refers to discrepancies between an asset's market price and its estimated intrinsic value, Fair Price Areas/gaps focus on price levels that have been relatively underutilized in terms of trading activity. When an asset's price reaches a Fair Price Area/gap, traders and investors pay attention because they expect the price to react in some way. The rationale behind this concept is that price tends to gravitate towards areas where it has spent less time in the past, as the market perceives them as significant levels.
█ Settings
The indicator is customizable, allowing users to define the number of price levels (rows), the offset, the data source, and whether to display volume or frequency count. It also adjusts dynamically to the visible price range on the chart, ensuring that the analysis remains relevant and timely with changing market conditions.
Source: The price to use for the calculation. Typically, this is the closing price. By considering the user-selected Source (typically the closing price), the indicator determines the frequency with which the price lands within each designated price level (row) over the selected period. In essence, the indicator provides a count of bars where the Source price falls within each range, essentially creating a "Price Profile."
Row Size: The number of price levels (rows) to divide the visible price range into.
Display: Choose whether to display the number of bars ("Counter") or the total volume ("Volume") for each price level.
Offset: The distance of the histogram from the price chart.
Point of Control (POC): If enabled, the indicator will highlight the price level with the most activity.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems 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, backtest, 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/Algos/Systems are only for educational purposes!
[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.
Market Maker Volatility Diameter V2 by Hawkeye Charting***German Description below***
Hey guys,
we are proud to publish the Market Maker Volatility Diameter V2!
Our goal with this indicator is to provide an All-in-one indicator, combining some special tools of open source scripts as well as some of our own developments and the algorithm of our MMVD V1.
We will create a video series very soon, where we will explain each aspect of the tool, your options and of course our trading strategies with this indicator.
You have the following technical tools and information combined in this indicator, which can each be shown and hidden:
- Psychological Ranges (Weekly Opening High/ Low for Crypto and Forex)
- Market Maker Sessions (Sydney, Asia, London, NY)
- Trade Cloud (algorithm developed by Hawkeye Charting)
- Fibonacci Cloud (inspired by watching paid offerings, coded by Hawkeye Charting)
- Display Moving Averages (select the visualization of up to 6 moving averages. You can change for each of these 6 MA's the type and the length.)
- Display Major Trend Cloud (developed by Hawkeye Charting)
- PVSRA Candle Colors
- Vector Candle Zones
- Pivots
- Pivot Fibonacci Levels (developed by Hawkeye Charting)
- OHLC-Levels
- Average Daily, Weekly, Monthly Ranges
- Volume Profile for Intraday Trading for up to 8 days.
We hope especially for people, who can not afford the Pro offering from TradingView, to give access to a good indicator, which includes many tools and alerts.
Our goal is to lower the barriers for new entrants and of course to protect people, to pay for indicators, which are completely insane priced.
Only, that you get an idea: the whole indicator has only cost me about 100 h of work (for a single person!), and I'm no Pine script expert, so don't get fooled when someone offers you insane amounts for an indicator...
There is no holy grail. Each indicator works only with calculations on previous data.
We appreciate seeing that you guys like this work, so please leave a like and a follow and share this indicator.
*****German Description*****
Hey Leute,
wir sind stolz, unsere 2. Version des Market Maker Volatility Diameter zu veröffentlichen!
Unser Ziel ist es, mit diesem Indikator eine All-In-One Lösung anzubieten, welche einige nicht ganz geläufige Tools sowie unsere eigenen Entwicklungen und natürlich den Algorithmus des MMVD V1 vereinen.
Wir werden in naher Zukunft eine Video Serie veröffentlichen, in welcher wir Stück für Stück jeden Aspekt des Werkzeugs, die Einstellungsmöglichkeiten sowie unsere Trading Strategien mit diesem Indikator erklären werden.
Ihr habt die folgenden technischen Werkzeuge und Informationen in diesem Indikator vereint, welche jede einzeln an- oder abgewählt und eingestellt werden können:
- Psychological Ranges (Weekly Opening High/ Low für Krypto and Forex)
- Market Maker Sessions (Sydney, Asia, London, NY)
- Trade Cloud (Algorithmus von Hawkeye Charting entwickelt)
- Fibonacci Cloud (inspiriert von der Beobachtung eines Paid-Indikators, Code geschrieben von Hawkeye Charting)
- Moving Averages (Ihr könnt die Darstellung von bis zu 6 Gleitenden Durchschnitten auswählen und für jeden dieser Durchschnitte den Typ und die Länge ändern.)
- Display Major Trend Cloud (entwickelt von Hawkeye Charting)
- PVSRA Candle Colors
- Vector Candle Zones
- Pivots
- Pivot Fibonacci Levels (entwickelt von Hawkeye Charting)
- OHLC-Levels
- Average Daily, Weekly, Monthly Ranges
- Volume Profile für Intraday Trading, Darstellungsmöglichkeit für 3-8 Tage
Wir hoffen, dass wir speziell für Leute, die sich nicht das PRO-Abo aufwärts von TradingView leisten können, Zugang zu einem guten Indikator, welche viele Werkzeuge und Alarme vereint gewährleisten zu können.
Unser Ziel ist es, die Eintrittsbarrieren für neue Marktteilnehmer senken und natürlich Leute vor wahnsinnigen Paid-Angeboten beschützen zu können.
Nur, damit ihr eine Vorstellung bekommt: den gesamten Indikator hat mich lediglich 100h Arbeit gekostet (für eine einzelne Person!), und ich bin kein Pine Script Experte. Also lasst euch bitte nicht verar******, wenn euch Paid-Angebote erreichen, mit dem Versprechen, den "zu 95% erfolgreich" Indikator erwerben zu können.
Es gibt keinen heiligen Gral, jeder Indikator arbeitet nur mit Berechnung von Vergangenheitswerten.
Wir würden uns riesig freuen, wenn euch diese Arbeit gefällt und ihr uns Likes und Follows hinterlasst und ihr diesen Indikator teilt.
