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Liquidity Imbalance Index (Li2)How to Use the Liquidity Imbalance Index (Li2) The Liquidity Imbalance Index (Li2) is designed to track market liquidity and identify significant imbalances between buyers and sellers. Here's how to effectively use this indicator in your trading: Understanding the Main Components 1. Liquidity Delta Histogram/Line: - Shows the difference between buy and sell liquidity - Green bars/line: Buying pressure dominates - Red bars/line: Selling pressure dominates - The intensity of color shows the strength of the imbalance 2. Threshold Lines: - Upper (green) threshold: Marks significant buy pressure - Lower (red) threshold: Marks significant sell pressure - Neutral zone: Area between the dotted lines where neither buyers nor sellers dominate 3. Liquidity Zones (circles shown on top/bottom): - Green circles on upper threshold: Historical bull zones (significant buying interest) - Red circles on lower threshold: Historical bear zones (significant selling interest) - These zones require multiple hits, consecutive signals, and optionally volume confirmation Trading Strategies For Trend Trading 1. Look for when the Liquidity Delta crosses above the upper threshold for bullish signals 2. Look for when the Liquidity Delta crosses below the lower threshold for bearish signals 3. Especially powerful when crossing occurs with acceleration (darker histogram colors) For Support and Resistance 1. Identify where the significant bull/bear zones appear (green/red circles) 2. These often align with important price levels where orders cluster 3. Use these zones as potential reversal or confirmation points For Divergence 1. Watch for price making new highs/lows while liquidity shows the opposite 2. Divergence between price and liquidity can signal potential reversals Volume Confirmation 1. Pay attention to volume-confirmed signals (small circles at zero line) 2. These indicate stronger conviction behind the liquidity imbalance Optimal Settings - For day trading or volatile markets, consider reducing lookback periods and increasing thresholds - For swing trading, the default settings work well to capture significant zones - In ranging markets, focus on the zones as they often mark the range boundaries - In trending markets, follow the overall direction of the liquidity delta Reading Acceleration Signals The indicator shows color intensity variations to highlight acceleration in liquidity flows: - Dark green/red: Strong acceleration (rapid shift in order flow) - Medium green/red: Medium acceleration - Light green/red: Weak acceleration These acceleration signals often precede significant price movements.
Pine Script™ indicator
by s3raphic333
VIDYA with Customizable Table RowsVolumatic VIDYA Enhanced The Volumatic VIDYA (Variable Index Dynamic Average) indicator, originally created by BigBeluga, is a powerful trend-following tool that combines price and volume analysis to provide traders with a comprehensive view of market dynamics. This enhanced version, designed with user-friendliness in mind, builds upon the original by adding new features and customization options, making it even more versatile and easy to use. Original Features (by BigBeluga) VIDYA Core: This technique utilizes the Variable Index Dynamic Average (VIDYA) as the core smoothing technique to identify trends and filter market noise. Volume Analysis: Plots volume levels at key market structure pivot points (lows and highs), helping traders understand the relationship between price and volume. Delta Volume: Calculates and displays delta volume values to evaluate the balance between buy and sell pressure during each trend phase. Trend Visualization: Clearly visualizes uptrends and downtrends with color-coded indicators, making it easy to identify market sentiment shifts. Enhancements in This Version 1. Directional Movement Index (DMI) Integration: Added +DI, -DI, and ADX metrics to assess trend strength and direction. Includes a DMI Trend indicator to show whether the market is in an uptrend, downtrend, or neutral phase. 2. Volume SMAs with Color Coding: Added Volume SMAs (9, 20, 51, 200) to analyze volume trends over different timeframes. Color-coded SMAs (green for uptrend, red for downtrend, gray for neutral) provide quick visual cues. 3. Customizable Table: Users can now enable or disable individual rows in the table to display only the metrics they care about. Includes options for Buy Volume, Sell Volume, Delta Volume, Relative Volume, Volume SMAs, Trend Status, Signal, DMI Metrics, and more. 4. Improved Usability: Added user-friendly input options for customizing the indicator's behavior and appearance. Enhanced table layout for better readability and organization. Why Use This Indicator? Comprehensive Analysis: Combines price, volume, and trend strength metrics into a single tool. Customizable: Tailor the indicator to your trading style by enabling or disabling specific features. Visual Clarity: Color-coded trends and volume levels make it easy to interpret market conditions at a glance. Market Sentiment: Delta volume and DMI metrics provide insights into buy-sell pressure and trend strength. **Credits** Original Creator: BigBeluga (for the Volumatic VIDYA indicator). Enhancements: (for adding DMI integration, Volume SMAs, and customizable table options). This enhanced version of the Volumatic VIDYA indicator is designed to help traders make more informed decisions by providing a deeper understanding of price, volume, and trend dynamics. Whether you're a beginner or an experienced trader, this tool offers valuable insights to improve your trading strategy.
Pine Script™ indicator
by glover1102
Облегчённые авто-сигналы AVAX & WIFНазвание скрипта: “Облегчённые авто-сигналы AVAX & WIF” Описание скрипта: Этот скрипт предназначен для автоматического выявления оптимальных точек входа в LONG и SHORT для криптовалют AVAX и WIF. 🔹 Основные индикаторы: ✔️ RSI (14) – анализ перекупленности/перепроданности ✔️ MACD (12, 26, 9) – пересечение сигнальной линии ✔️ ADX (14) – определение силы тренда ✔️ Стохастик (14) – дополнительный фильтр динамики ✔️ VWAP – контроль цены относительно среднего объёма 🔹 Облегчённые условия входа: ✅ LONG – при развороте вверх и подтверждении индикаторами. ✅ SHORT – при развороте вниз и подтверждении индикаторами. 🔹 Особенности: ⚡ Адаптирован для коротких таймфреймов (1м, 3м, 5м). ⚡ Упрощённые условия для более частых сигналов. ⚡ Совместим с оповещениями TradingView. 📢 Как использовать: 🔸 Добавьте индикатор на график. 🔸 Включите оповещения для LONG и SHORT. 🔸 Используйте с риск-менеджментом! 📊 Идеально для трейдеров, торгующих AVAX и WIF на Binance.
Pine Script™ indicator
by svetamnogo
Volume Profile [SMRT Algo] The Volume Profile is an indicator designed to display volume profile data and help traders visualize the distribution of volume at various price levels. The red horizontal line represents the price level with the highest volume, known as the Point of Control (PoC). This is indicated by a red label with red text on the right side of the chart. Additionally, two other labels are displayed: one at the top and one at the bottom, showing the current volume range used for the profile. Key Features Point of Control (PoC): This is the price level where the highest volume has occurred. It is marked with a red line and label. Volume Range Labels: Labels show the current range of volume used for the profile, helping you track key levels. Inputs Settings The indicator offers various customization options to suit your trading preferences: Volume MA Length: Defines the length for the moving average of volume (default: 89). Bars Above Volume Average: Multiplier threshold for bars that exceed the average volume (default: 2.618). Volume Profile Display: Enables or disables the volume profile display. Profile Display: Choose how volume is displayed ("Up/Down" for buying/selling volume or "Total" for overall volume). Up/Down Volume Colors: Set colors for bullish (green) and bearish (red) volume bars. Bull/Bear Dominance: Indicates market dominance at price levels. Bull Color: Green for buying pressure. Bear Color: Red for selling pressure. Point of Control (PoC): Displays the price level with the highest traded volume. PoC Color: Red (customizable). PoC Width: Adjust the thickness of the PoC line. Value Area Percentage: Sets the percentage of volume within the value area (default: 68%). Value Area High (VAH) & Low (VAL): Highlights the upper and lower boundaries of the value area. VAH/VAL Colors & Widths: Customize colors and line widths. Price Levels Display: Choose how price levels are shown ("High/Low Profile", "Up/Down", or "None"). Label Colors: Adjust the color of the labels for price levels. Lookback Type: Choose between "Fixed Range" and "Visible Range" for volume profile calculations. Lookback Length: Defines the number of past bars to include (default: 360, adjustable between 10 and 5000). Profile Levels: Sets the number of horizontal rows in the volume profile (default: 100, adjustable between 10 and 150). Profile Placement: Allows you to select "Right" or "Left" for profile positioning. Profile Width & Offset: Adjusts the width and horizontal offset of the profile. How It Works Volume Profile Calculation: The indicator calculates the volume traded at various price levels based on the selected lookback range. It categorizes volume into up-volume (buying) and down-volume (selling) to determine market dominance. Point of Control (PoC): Identifies the price level with the highest trading volume, helping to gauge market interest. Value Area (VAH/VAL): Highlights the range within which a majority of the volume has been traded (e.g., 68% of volume). Market Dominance: Uses color coding to indicate whether buyers or sellers dominate a specific price level. How to Use 1. Add to Chart: Simply add Volume Profile to your TradingView chart. 2. Customize Inputs: Adjust settings such as lookback range, volume profile display, and color preferences. 3. Interpret Market Strength: o Look for areas of high volume to identify strong support and resistance zones. o The Point of Control (PoC) will show where the market has the most interest. o Monitor bull/bear dominance to gauge which side is in control at a particular price level. 4. Combine with Other Analysis: Use the volume profile data alongside trend analysis, order blocks, and market structure for improved decision-making. Default settings are recommended. Volume Profile is a powerful tool for traders looking to analyze volume distribution at different price levels. It offers valuable insights into market sentiment, helping traders identify key support and resistance zones, along with understanding where market participants are most active.
Pine Script™ indicator
by SMRTAlgo
Milan's Enhanced Price VisualizationThis versatile indicator transforms your TradingView charts with multiple visualization options and advanced coloring techniques. Switch between different chart types while maintaining powerful analytical features. Key Features: Multiple Chart Types: Choose from Candles, Hollow Candles, Bars, Line, Area, Baseline, or Columns with a single click Customizable Appearance: Control colors, transparency, borders, and wicks to create your perfect visual setup Smart Coloring Options: Volume-based coloring highlights high-volume price movements Trend-based coloring shows price position relative to EMA Doji detection highlights potential reversal patterns Advanced Options: Volume Analysis: Automatically highlight candles with volume exceeding your specified threshold Trend Detection: Color candles based on their position relative to a customizable EMA Pattern Recognition: Identify and highlight Doji patterns with adjustable sensitivity Perfect for both day traders and swing traders looking for a cleaner, more informative price visualization that adapts to different market conditions and trading styles. How to Use: Apply the indicator to any chart Select your preferred chart type from the settings Customize colors and appearance options Enable advanced coloring features as needed Elevate your technical analysis with this all-in-one visualization tool that combines flexibility with powerful analytical features.
Pine Script™ indicator
by kharal0011
Volume Profile - Session Based [AGEX]Volume Profile - Session Based ======================= The Volume Profile - Session Based indicator is a powerful tool designed to help traders analyze volume distribution within specific trading sessions. By focusing on volume activity during user-defined sessions, this indicator provides valuable insights into key price levels, including the Point of Control (PoC), Value Area (VA), and volume clusters. Whether you're a day trader, swing trader, or long-term investor, this tool can enhance your decision-making process by highlighting areas of high liquidity and potential support/resistance zones. Why Use This Indicator? ================== Precision: Focus on volume activity during specific market hours, avoiding noise from irrelevant periods. Versatility: Suitable for all trading styles and instruments, including stocks, forex, commodities, and cryptocurrencies. Enhanced Decision-Making: Identify key levels of interest, such as support/resistance, breakout zones, and potential reversal points. Customizable: Tailor the indicator to your preferred session times, volume types (bullish, bearish, or both), and display settings. How to Use ========= Set Your Session: Define your trading session (e.g., "0830-1100") and days (e.g., "12345" for weekdays). Analyze Volume Distribution: Look for clusters of volume at specific price levels, which indicate areas of high liquidity. Identify Key Levels: Use the PoC and VA to spot potential support/resistance zones or breakout opportunities. Combine with Other Tools: Pair this indicator with trendlines, moving averages, or other technical tools for a comprehensive trading strategy. Who Is This For? ============= This indicator is ideal for traders who want to: Focus on specific trading sessions (e.g., pre-market, regular session, or after-hours). Gain deeper insights into volume distribution and key price levels. Improve their trading strategies with actionable volume-based data.
Pine Script™ indicator
by AGreatEscape
Enhanced Volume Spike ScannerEnhanced Volume Spike Scanner – User Instructions Overview This TradingView indicator monitors the trading volume of a list of selected tickers and detects “volume spikes” by comparing the current volume against a simple moving average (SMA) of past volumes. It calculates a “spike strength” (the ratio of current volume to average volume) and assigns a color based on its intensity. The indicator then displays a sorted table on your chart with each ticker’s symbol, spike value, and current volume. Alerts can be triggered if a ticker’s spike strength reaches specific color-coded levels. How It Works 1. Volume Calculation: • For each ticker, the indicator fetches the current volume and calculates its simple moving average (SMA) over a user-defined lookback period. • The ratio of the current volume to the SMA (spike strength) is computed. 2. Color Coding: • A color is assigned based on the spike strength: • >5.0: Orange • >4.0: Yellow • >3.0: Green • >2.5: Lime • >2.0: Blue • Otherwise: Pink • These colors serve as visual cues for the intensity of the volume spike. 3. Table Display: • All tickers are listed in a table on the chart. • The table is sorted in descending order of spike strength so that the tickers with the strongest volume spikes appear at the top. • Each row displays the ticker symbol, its spike value (formatted to two decimal places), and the current volume. 4. Alerts: • You can enable alerts for each color level (e.g., Orange for the most intense spikes). • Alerts trigger once per bar for any ticker that meets the criteria, allowing you to react promptly to significant volume changes. ⸻ User Inputs and Customization • Volume Spike Multiplier: Set the threshold for what constitutes a spike (e.g., a value of 2.0 means the current volume must be at least twice the SMA to be considered a spike). • Volume Lookback Period: Define how many bars to use when calculating the SMA of the volume. • Minimum Volume Filter: Optionally enable a filter to ignore low-volume ticks. Specify the minimum volume that must be reached for a ticker to be considered. • Table Settings: Adjust parameters like column width, table number, and vertical positioning to suit your chart layout. • Alert Settings: Toggle alerts for each spike intensity level. Only tickers that meet the specified color threshold will trigger an alert. • Color Inputs: Customize the colors for each spike intensity level using the color input settings. • Ticker Inputs: Update the ticker symbols manually in the input section (Ticker 1, Ticker 2, etc.) to monitor the assets you are interested in. ⸻ Using the Indicator 1. Add the Indicator: Once added to your chart, the table will appear at the top-right corner. You can reposition it using the “Table Number” or “Move Down” inputs. 2. Monitor the Table: Watch the table update each bar: • The Symbol column lists your selected tickers. • The Spike column shows the spike strength along with its corresponding color (indicating intensity). • The Volume column shows the current volume for each ticker. 3. React to Alerts: If you have enabled alerts for a specific intensity, you’ll receive a notification (once per bar) when a ticker reaches that volume spike level. 4. Adjust Settings as Needed: Experiment with the multipliers, lookback periods, and minimum volume thresholds to fine-tune the indicator for your trading style. ⸻
Pine Script™ indicator
by Diego_064
MTF Fast Trend Information v.9.1pMulti Time Frame Fast Trend Information (MTF FTI). The indicator uses Super Trend and Moving Averages to display trend information. In addition, it shows information based on standard TradingView indicators -  RSI, MFI, CCI, OBV, and TSI (The Trend Strength Index indicator measures the tendency of a symbol to either trend steadily or to revert to its mean. The core idea behind TSI is that the more momentum a symbol has relative to its volatility, the more likely it is to follow a trend and the less likely it is to revert to its mean. It analyzes price momentum using the Pearson correlation coefficient, a normalized measure of the linear relationship between time series. Its output shows the correlation between the chart's closing prices and bar index values over a defined number of bars). Also it shows Chop Zone and ER. Efficiency Ratio (ER) - It measures the efficiency of price movements. It quantifies how much the price has moved in a given direction relative to its overall volatility. A high ER indicates a strong trend, while a low ER suggests choppy, sideways movement. ER values scale: H (high), M (medium), L (low). For more information above ER google  KAMA (Kaufman's Adaptive Moving Average). The Chop Zone indicator allows one to determine whether a market is choppy, showcasing a sideways trend, or not choppy, showcasing a directional trend. CZ values scale - Red (high values) for the choppy market and Green (low values) for the dominant trend. CZ can be displayed above or below candles or at the top or bottom of the screen (or turned off). It acts like the standard Chop Zone indicator. Trend values scale: Up, Down, UP+, Down+. Plus means stronger movement. TSI values scale: SU (strong up), UP, WU (week up), N+ (above neutral), N (neutral), N- (below neutral), WD (weak down), DN (down), SD (strong down). CCI, RSI, MFI values scale:  OB (over bought), NB (near overbought), WB(weak overbought), N+ (above neutral), N (neutral), N- (below neutral), WO (weak oversold), NO (near oversold), OS (over sold). VW shows whether the price is above (A) or below (B) VWAP (VWAP is irrelevant for daily or higher time frames). OBV values scale:  BEAR for bearish, BULL for bullish, and NTRL for neutral. OBV divergence  valies scale: HBL (hidden bullish), HBR (hidden bearish), NTR (neutral), RBR/RBL (regular bearich/bullish) The indicator supports up to seven Time Frames. The more Time Frames it uses, the lower the response time. Five enabled Time Frames are more than enough. You can turn on and off any Time Frame you define. You can switch between Super Trend and Moving Averages for trend direction detection. If you encounter a loading problem, refresh the browser and use less enabled Time Frames.
Pine Script™ indicator
by MX360
EMA + Volume Entry IndicatorThis script is a trend-based entry signal indicator using EMA12 and volume analysis to identify potential buy and sell signals. It is designed for intraday and swing trading, helping traders confirm trend direction before entering positions. How It Works? 1. EMA12 Trend Detection – The script calculates the 12-period Exponential Moving Average (EMA12) to determine market direction. 2. Volume Confirmation – A signal is generated only when volume supports the trend, filtering out weak price movements. Buy/Sell Signals – 1. A Buy signal occurs when price moves above EMA12 with increasing volume. 2. A Sell signal occurs when price moves below EMA12 with decreasing volume. 3. Customizable Settings – Users can adjust EMA length and volume thresholds to optimize signals for different trading styles. Key Features: 1. EMA Trend Confirmation – Avoids false signals by using EMA12 as a dynamic trend filter. 2. Volume-Based Entry Validation – Ensures that price movements are backed by sufficient volume. 3. Customizable Parameters – Allows traders to tweak settings for better adaptability.
Pine Script™ indicator
by Trader_Jie
2
ZenAlgo - LevelsThis script combines multiple anchored Volume-Weighted Average Price (VWAP) calculations into a single tool, providing a continuous record of past VWAP levels and highlighting when price has tested them. Typically, VWAP indicators show only the current VWAP for a single anchor period, requiring you to either keep re-anchoring manually or juggle multiple instances of different VWAP tools for each timeframe. By contrast, this script automatically tracks both the ongoing VWAP and previously completed VWAP values, along with real-time detection of “tests” (when price crosses a particular VWAP level). It’s especially valuable for traders who want to see how price has interacted with VWAP over several sessions, weeks, or months—without switching between separate indicators or manually setting anchors. Below is a comprehensive explanation of each component, why multiple VWAP lines working together can be more informative than a single line, and how to adjust the script for various markets and trading styles: Primary VWAP vs. Historical VWAP Lines - Standard VWAP indicators typically focus on the current line only. This script also calculates a primary VWAP, but it “locks in” each completed VWAP value when a new time anchor is detected (e.g., new weekly bar, new monthly bar, new session). As a result, you retain an ongoing history of VWAP lines for every completed anchored period. This is more powerful than manually setting up multiple VWAP tools—one for each desired timeframe—because everything is handled in a single script. You avoid chart clutter and the risk of forgetting to reset your manual VWAP at the correct bar. Why Combine Multiple Anchored VWAP Lines in One Script? - Viewing several anchored VWAP lines together offers synergy . You see not only the current VWAP but also previous ones from different sessions or months, all within the same chart pane. This synergy becomes apparent if multiple historical VWAP lines cluster near the same price level, indicating a potentially significant zone of volume-based support or resistance. Handling this manually would involve repeatedly setting separate VWAP indicators, each reset at specific points, which is time-consuming and prone to error. In this script, the process is automated: as soon as the anchor changes, a completed VWAP line is stored so you can observe how price eventually reacts to it, repeatedly or not at all. Automated “Test” Detection - Once a historical VWAP line is set, the script tracks when price crosses it in subsequent bars. If the high and low of a bar span that line, the script marks it in red (both the line and its label). It also keeps a counter of how many times each line has been tested. This method goes beyond a simple visual approach by quantifying the retests. Because all these lines are created and managed in one place, you don’t have to manually label the lines or check them one by one. Advantages Over Manually Setting Multiple VWAPs You save screen space: Instead of layering several VWAP indicators, each with unique settings, this single script plots them all on one overlay. Automation: When a new anchor period begins, the script “closes out” the old VWAP and starts a new one. You never need to remember to reset it manually. Retest Visualization: The script not only draws each line but also changes color and updates the label automatically if a line gets tested. Doing this by hand would be labor-intensive. Unified Parameters: All settings (e.g., array size, max distance, test count limit) apply uniformly. You can manage them from one place, instead of configuring multiple separate tools. Extended Insight with Multiple VWAP Lines Since VWAP reflects the volume-weighted average price for each chosen period, historical lines can show zones where the market had a fair-value consensus in previous intervals. When the script preserves these lines, you see potential support/resistance areas more distinctly. If, for instance, price continually pivots around an old VWAP line, that may reveal a strong volume-based level. With several older VWAP lines on the chart, you gain an immediate sense of where these volume-derived averages have appeared and how price reacted over time. This wider perspective often proves more revealing than a single “current” VWAP line that does not reflect previous anchor sessions. Handling of Illiquid Markets and Volume Limitations VWAP is inherently tied to volume data, so its reliability decreases if volume reporting is missing or if the asset trades with very low liquidity. In such cases, a single large trade might momentarily skew the VWAP, resulting in “false” test signals when the high/low range intersects an abnormal price swing. If you suspect the data is incomplete or the market is unusually thin, it’s wise to confirm the validity of these VWAP lines before using them for any decision-making. Additionally, unusual market conditions—like after-hours trading or sudden high-volatility events—may cause VWAP to shift quickly, setting up multiple lines in a short time. Key User-Configurable Settings Hide VWAP on Day timeframe and above : Lets you disable the primary VWAP plot on daily or higher timeframes for a cleaner view. Anchor Period : Select from Session, Week, Month, Quarter, Year, Decade or Century. Controls how frequently the script resets and preserves the VWAP line. Offset : Moves the current VWAP line by a specified number of bars if you need a shifted perspective. Max Array Size : Caps how many past VWAP lines the script will remember. Prevents clutter if you’re charting very long histories. Max Distance : Defines how far back (in bar index units) a line is kept. If a line’s start bar is older than this threshold, it’s removed, keeping the chart uncluttered. Max Red Labels : Limits the number of tested (red) VWAP lines that appear. If price tests a large number of old lines, only the newest red labels remain once you hit the set limit. Workflow Overview As soon as a new anchor period begins (e.g., a new weekly candle if “Week” is chosen), the script ends the current VWAP and stores that final value in its internal arrays. It creates a dotted line and label representing the completed VWAP, and keeps track of whether it has been tested or not. Subsequent bars may then cross that line. If a bar’s high/low includes the line’s value, it’s flagged as tested, labeled red, and a test counter increases. As new anchored periods come, old lines remain visible—unless they fall outside your maxDistance or you exceed the maximum stored line count. Real-World Benefits Combining multiple VWAP lines—ranging, for example, from session-based lines for intraday perspectives to monthly or quarterly lines for broader context—provides a layered view of the volume-based fair price. This can help you quickly spot zones where price repeatedly intersects old VWAPs, potentially highlighting where bulls or bears took action historically. Because this script automates the management of all these lines and flags their retests, it removes a great deal of repetitive manual work that would typically accompany multiple, separate VWAP indicators set to different anchors. Limitations & Practical Use As with any volume-related tool, the script depends on reliable volume data. Assets trading on smaller venues or during illiquid periods may produce spurious signals. The script does not signal buy or sell decisions; rather, it helps visually map out where volume-weighted averages from previous periods might still be relevant to market behavior. Always combine the insight from these historical VWAP lines with your existing analytical approach or other technical and fundamental tools you use. Conclusion This script unifies past and present VWAP lines into one overlay, automatically detecting new anchor resets, storing the final VWAP values, and indicating whenever old lines are retested by price. It offers synergy through the simultaneous display of multiple historical VWAP lines, making it quicker and easier to detect potential support/resistance zones and better reflect changing market volumes over time. You no longer need to manually create, configure, or reset multiple VWAP indicators. Instead, the script handles all aspects of line creation, retest detection, and clutter management, giving you a robust framework to observe how historical VWAP data aligns with current price action. By understanding the significance of multiple anchored VWAP lines, you can assess market structure from multiple angles in a single view. As always, ensure you confirm the reliability of the volume data for your particular asset and use these lines in conjunction with other analyses to form a well-rounded perspective on current market behavior.
Pine Script™ indicator
by ZenAlgo_Official
1
Anchored VWAP with Std Dev Bands### Anchored VWAP with 8 Standard Deviations Indicator This powerful and flexible Pine Script indicator allows you to precisely analyze market dynamics using an Anchored VWAP combined with up to eight customizable standard deviation bands. By anchoring the VWAP to a specific bar of your choosing, you can gain a clear reference point tailored exactly to your trading strategy, enabling detailed price action analysis around critical market events. #### Key Features: - **Interactive Anchor Selection:** When adding the indicator to your chart, TradingView prompts you to select the exact bar from which to anchor the VWAP calculation, allowing pinpoint accuracy and flexibility. - **Customizable Standard Deviations:** Define up to 8 individual standard deviation levels via intuitive inputs, ensuring the indicator adapts seamlessly to your analytical needs. - **Source Flexibility:** Easily adjust the data source used for VWAP calculation—whether closing price, high, low, or any other price input available—giving you full control over the indicator's calculation. - **Clear Visual Representation:** The anchored VWAP is prominently plotted in blue, while upper standard deviations are displayed in progressively stronger shades of green, and lower deviations in shades of red, making trend analysis clear and intuitive. ### Usage Recommendations: Ideal for traders employing mean reversion strategies, trend-following systems, or looking for clear support and resistance levels based on institutional benchmarks. Perfectly suited for intraday traders, swing traders, and long-term investors seeking precise volume-weighted insights. Enhance your analysis and trading precision today with the Anchored VWAP with 8 Standard Deviations Indicator.
Pine Script™ indicator
by MarcoNardelli