Simple TestPurpose: This indicator identifies potential liquidity zones and grabs based on the previous week's price action.
Key Components:
Tracks previous week's high and low prices
Plots these levels as dotted lines (red for high, green for low)
Detects "liquidity grabs" when price exceeds these levels but closes back within them
Logic Explained:
prevWeekHigh and prevWeekLow are updated at the start of each new week using the highest high and lowest low of the past 7 periods
A "Bear Trap" (red triangle up) appears when price exceeds the previous week's high but closes below it
A "Bull Trap" (green triangle down) appears when price falls below the previous week's low but closes above it
Visualization:
Red dotted line: Previous week's high
Green dotted line: Previous week's low
Red triangle up: Bearish liquidity grab
Green triangle down: Bullish liquidity grab
Volume
Trade ValueA simple indicator that calculates and displays the trade value (volume × close price). Using a transparency technique, the indicator shows values in the Data Window without cluttering the chart.
repo: github.com
Pipnotic Supply and DemandPipnotic Supply & Demand
The Pipnotic Supply & Demand Indicator for TradingView, is a sophisticated tool designed to transform your trading by high-lighting buy and sell zones and associated supply and demand. Go beyond conventional supply and demand analysis with Pipnotic's proprietary algorithms, meticulously crafted to pinpoint high-probability trading zones based on real-time price behaviour analysis.
Key Features
Proven Legacy, Enhanced for TradingView : Built upon the foundation of Pipnotic's original 2011 software, inspired by Chris Lori's teachings, this TradingView indicator brings years of refined analysis directly to your charts.
Automated Precision : Experience the ease of automated zone detection, eliminating the guesswork and allowing you to focus on strategic execution.
Liquidity-Centric Advantage : Align your trades with the powerful forces of institutional order flow, gaining insight into where the "smart money" is moving.
Seamless TradingView Integration : Enjoy a smooth, intuitive experience within the platform you love, with fully customizable settings and real-time alerts.
Multi-Timeframe Mastery : Track potential market-maker activity across multiple timeframes, providing a comprehensive view of market dynamics.
Intelligent Zone Combination : Pipnotic's algorithm simplifies your chart by qualifying and updating zones on your charts, changing their appearance based on prices interaction with them.
Screen-shots
About Pipnotic
Pipnotic was founded in 2011 by Sarid Harper. Sarid helped companies, many of which were banks, figure out how hackers get in and how to keep them out. His work with financial institutions is what sparked his interested in things related to trading.
Learn more: pipnotic.org
Pipnotic Supply and DemandPrecision Liquidity Zones for Informed Decisions
Institutional Trading with Pipnotic's Liquidity-Driven Zones
Introducing the Pipnotic Supply & Demand Indicator for TradingView, a sophisticated tool designed to transform your trading approach. Go beyond conventional supply and demand analysis with Pipnotic's proprietary algorithms, meticulously crafted to pinpoint high-probability trading zones based on real-time liquidity distribution. This isn't just an indicator; it's your strategic advantage in understanding market-maker activity.
Why Pipnotic on TradingView?
Proven Legacy, Enhanced for TradingView : Built upon the foundation of Pipnotic's original 2011 software, inspired by Chris Lori's teachings, this TradingView indicator brings years of refined analysis directly to your charts.
Automated Precision : Experience the ease of automated zone detection, eliminating the guesswork and allowing you to focus on strategic execution.
Liquidity-Centric Advantage : Align your trades with the powerful forces of institutional order flow, gaining insight into where the "smart money" is moving.
Seamless TradingView Integration : Enjoy a smooth, intuitive experience within the platform you love, with fully customizable settings and real-time alerts.
Multi-Timeframe Mastery : Track potential market-maker activity across multiple timeframes, providing a comprehensive view of market dynamics.
Intelligent Zone Combination : Pipnotic's algorithm simplifies your chart by intelligently merging overlapping zones, highlighting the most critical areas of interest.
Clear Visual Cues : Leverage retest and break labelling to visualize potential trade triggers and capitalize on market movements.
Join the Thriving Pipnotic Community
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When you choose Pipnotic, you're not just getting a tool, you're joining a community of like-minded traders. Access exclusive insights, refine your strategies, and stay ahead of market trends with ongoing education and expert guidance.
Who is Pipnotic?
Pipnotic is a leading developer of advanced data analysis and trading tools, specializing in algorithmic solutions for the financial markets. We are committed to providing traders with cutting-edge indicators and automation tools that identify high-probability trading opportunities.
By harnessing the power of artificial intelligence, machine learning, and data-driven analysis, Pipnotic empowers you to navigate the complexities of modern financial markets with greater precision and confidence.
Transform your trading with Pipnotic Supply & Demand on TradingView. Learn more and take your trading to the next level at pipnotic.org
MM Labelled AVWAPTradingView provides a tool to show anchored VWAP plots on your screen, but there is no way to label the plots to add additional context to the level. Instead, users are forced to use the plot style (color, line style, line thickness, etc) to indicate what the plots are for and then they have to remember that meaning when looking at different charts. It also means that for key market-wide moments, users will need to add the plot for every symbol.
Now, for the first time on TradingView, you can create anchored VWAP plots with labels on them so you can understand the meaning behind the key moments you care about and don't need to remember what they mean by using styles like color or thickness. You can use this indicator to track key moments like the 2022 market bottom, or the Aug 9, 2024 "Carry Trade Unwind" bottom. The labelled AVWAP plots are visible on every chart by default. If you have an AVWAP moment that is only relevant to a small number of symbols, you can configure the indicator to only appear on those symbols.
Advanced Support and Resistance Levels[MAP]Advanced Support and Resistance Levels Indicator
Author
Developed by:
Overview
The "Advanced Support and Resistance Levels" indicator, created, is a sophisticated tool designed for TradingView's Pine Script v6 platform. It identifies and plots key support and resistance levels on a price chart, enhancing technical analysis by incorporating pivot strength, volume weighting, and level decay. The indicator overlays lines, zones, and labels on the chart, providing a visual representation of significant price levels where the market has historically reversed or consolidated.
Purpose
This indicator, authored by , aims to:
Detect significant pivot points (highs and lows) with customizable strength requirements.
Track and rank support/resistance levels based on their recency, volume, and number of touches.
Display these levels as lines and optional zones, with strength-based visual cues (e.g., line thickness and opacity).
Offer flexibility through user-configurable settings to adapt to different trading styles and market conditions.
Features
Pivot Detection:
Identifies high and low pivots using a strength parameter, requiring a specified number of bars on either side where no higher highs or lower lows occur.
Incorporates closing price checks and SMA-based trend confirmation to filter out noise and ensure pivots align with the broader market direction.
Level Management:
Maintains a dynamic array of levels with attributes: price, type (support/resistance), bars since last touch, strength, and volume.
Merges nearby levels within a tolerance percentage, updating prices with a strength-weighted average.
Prunes weaker or older levels when exceeding the maximum allowed, prioritizing those with higher calculated strength.
Strength Calculation:
Combines the number of touches (strength), volume (if enabled), and age decay (if enabled) into a single metric.
Volume weighting uses a logarithmic scale to emphasize high-volume pivots without over-amplifying extreme values.
Age decay reduces the importance of older levels over time, ensuring relevance to current price action.
Visualization:
Draws horizontal lines at each level, with thickness reflecting the number of touches (up to a user-defined maximum).
Optional price zones around levels, sized as a percentage of the price, to indicate areas of influence.
Labels display the level type (S for support, R for resistance), price, and strength score, with position (left or right) customizable.
Line opacity varies with strength, providing a visual hierarchy of level significance.
Plots small triangles at detected pivot points for reference.
Inputs
Lookback Period (lookback, default: 20): Number of bars to consider for trend confirmation via SMA. Range: 5–100.
Pivot Strength (strength, default: 2): Number of bars required on each side of a pivot to confirm it. Range: 1–10.
Price Tolerance % (tolerance, default: 0.5): Percentage range for merging similar levels. Range: 0.1–5.
Max Levels to Show (maxLevels, default: 10): Maximum number of levels displayed. Range: 2–50.
Zone Size % (zoneSizePercent, default: 0.1): Size of the S/R zone as a percentage of the price. Range: 0–1.
Line Width (lineWidth, default: 1): Maximum thickness of level lines. Range: 1–5.
Show Labels (showLabels, default: true): Toggle visibility of level labels.
Label Position (labelPos, default: "Right"): Position of labels ("Left" or "Right").
Level Strength Decay (levelDecay, default: true): Enable gradual reduction in strength for older levels.
Volume Weighting (volumeWeight, default: true): Incorporate volume into level strength calculations.
Support Color (supportColor, default: green): Color for support levels.
Resistance Color (resistColor, default: red): Color for resistance levels.
How It Works
Pivot Detection:
Checks for pivots only after enough bars (2 * strength) have passed.
A high pivot requires strength bars before and after with no higher highs or closes, and a short-term SMA above a long-term SMA.
A low pivot requires strength bars before and after with no lower lows or closes, and a short-term SMA below a long-term SMA.
Level Tracking:
New pivots create levels with initial strength and volume.
Existing levels within tolerance are updated: strength increases, volume takes the maximum value, and price adjusts via a weighted average.
Levels older than lookback * 4 bars with strength below 0.5 are removed.
If the number of levels exceeds maxLevels, the weakest (by calculated strength) are pruned using a selection sort algorithm.
Drawing:
Updates on the last confirmed bar or in real-time.
Lines extend lookback bars left and right from the current bar, with thickness based on touches.
Zones (if enabled) are drawn symmetrically around the level price.
Labels show detailed info, with opacity tied to strength.
Usage
Add to Chart: Apply the indicator to any TradingView chart via the Pine Script editor, as designed by .
Adjust Settings: Customize inputs to match your trading strategy (e.g., increase strength for stronger pivots, adjust tolerance for tighter level merging).
Interpret Levels: Focus on thicker, less transparent lines for stronger levels; use zones to identify potential reversal areas.
Combine with Other Tools: Pair with trend indicators or oscillators for confluence in trading decisions.
Notes
Performance: The indicator uses arrays and sorting, which may slow down on very long charts with many levels. Keep maxLevels reasonable for efficiency.
Accuracy: Enhanced by trend confirmation and volume weighting, making it more reliable than basic S/R indicators, thanks to 's design.
Limitations: Real-time updates may shift levels as new pivots form; historical levels are more stable.
Example Settings
For day trading: lookback=10, strength=1, tolerance=0.3, maxLevels=5.
For swing trading: lookback=50, strength=3, tolerance=0.7, maxLevels=10.
Credits
Author: – Creator of this advanced support and resistance tool, blending precision and customization for traders.
Lemon/Lime Volume Lookback IndicatorThe indicator focuses on analyzing volume patterns.
It calculates a relative volume metric by comparing the current volume to a short-term simple moving average of volume.
The code identifies volume spikes when the relative volume exceeds a user-defined threshold.
These volume spikes are visually represented on the chart as small circles:
Yellow circles appear above bars for bearish volume spikes (when price closed lower)
Green circles appear below bars for bullish volume spikes (when price closed higher)
Users can adjust settings such as the lookback period for volume comparison and the percentage increase that defines a volume spike. This would adjust the readings based on incoming volume. Adjust as needed during different market conditions.
This tool essentially helps traders identify and visualize significant increases in trading volume compared to recent average volume, which could potentially signal important price movements or trend changes.
1d equities/index/stocks settings used in photo 10day lookback/25%
Default settings are good to go for most charts (stock/equities and crypto)
Multi Asset Similarity MatrixProvides a unique and visually stunning way to analyze the similarity between various stock market indices. This script uses a range of mathematical measures to calculate the correlation between different assets, such as indices, forex, crypto, etc..
Key Features:
Similarity Measures: The script offers a range of similarity measures to choose from, including SSD (Sum of Squared Differences), Euclidean Distance, Manhattan Distance, Minkowski Distance, Chebyshev Distance, Correlation Coefficient, Cosine Similarity, Camberra Index, Mean Absolute Error (MAE), Mean Squared Error (MSE), Lorentzian Function, Intersection, and Penrose Shape.
Asset Selection: Users can select the assets they want to analyze by entering a comma-separated list of tickers in the "Asset List" input field.
Color Gradient: The script uses a color gradient to represent the similarity values between each pair of indices, with red indicating low similarity and blue indicating high similarity.
How it Works:
The script calculates the source method (Returns or Volume Modified Returns) for each index using the sec function.
It then creates a matrix to hold the current values of each index over a specified window size (default is 10).
For each pair of indices, it applies the selected similarity measure using the select function and stores the result in a separate matrix.
The script calculates the maximum and minimum values of the similarity matrix to normalize the color gradient.
Finally, it creates a table with the index names as rows and columns, displaying the similarity values for each pair of indices using the calculated colors.
Visual Insights:
The indicator provides an intuitive way to visualize the relationships between different assets. By analyzing the color-coded tables, traders can gain insights into:
Which assets are highly correlated (blue) or uncorrelated (red)
The strength and direction of these correlations
Potential trading opportunities based on similarities and differences between assets
Overall, MASM is a powerful tool for market analysis and visualization, offering a unique perspective on the relationships between various assets.
~llama3
Trend SCANThe visually important moving averages EMA5, EMA20, EMA144 and EMA169 are seen on the indicator.
However, the main purpose of the indicator is to combine the changes in the rsi, ema, volume, momentum and cci data on the stock and to display them in a label on the chart with a formula aimed at determining the stocks that are in an uptrend.
The group that the stock group is desired to be scanned from the indicator settings is selected and the scanning process is instantly visible on the label in the chart period or in the time interval selected outside the chart period.
The stock groups are grouped as BIST50, BIST100, Yildiz Pazar and Main Pazar. But these can be selected as desired.
Exponential MAThis script is a Pine Script indicator that plots multiple exponential moving averages (EMAs) or simple moving averages (SMAs) on a TradingView chart. It provides a visual representation of market trends and momentum by calculating moving averages for different periods.
The script allows users to toggle between EMAs and SMAs using a boolean flag (exponential). Each moving average is assigned a color based on its trend direction and relationship to a reference moving average (MMA100). The primary moving average (MMA05) is highlighted with dynamic color changes, while the others follow a similar trend-based color scheme.
By displaying multiple moving averages, this indicator helps traders identify trend strength, potential reversals, and overall market direction.
Volume-Preceded Price StrategyVolume-Preceded Price Strategy Indicator Description
This indicator is designed for short-term traders working on 1-15 minute charts who want to capitalize on the principle that "volume precedes price." The strategy identifies potential trading opportunities by detecting volume surges before price movements occur, providing both confirmed signals and early warnings.
Core Strategy Elements
Volume Analysis Framework
Volume Spike Detection: Identifies when current volume exceeds the volume EMA by a customizable threshold (default 1.5x)
Buy/Sell Volume Calculation: Separates volume into buying and selling components based on where price closes within the candle's range
Volume Force Index: Measures momentum by combining volume with price change direction
Multiple Confirmation Signals
Trend Identification: Uses ATR-based channels to define the current trend direction
Moving Average Confirmation: Employs fast (20) and slow (50) EMAs to confirm trend direction
RSI Filter: Helps avoid overbought/oversold conditions and confirms momentum direction
Volume Spread Analysis: Detects abnormal price ranges combined with volume spikes
Signal Types
Main Buy Signal (Green Triangle)
Triggers when:
Volume increases above threshold
Buying volume dominates (>60%)
Trend changes from down to up
Price closes above fast EMA
RSI is rising but not overbought
Volume force is positive
Main Sell Signal (Red Triangle)
Triggers when:
Volume increases above threshold
Selling volume dominates (>60%)
Trend changes from up to down
Price closes below fast EMA
RSI is falling but not oversold
Volume force is negative
Early Warning Signals (Small Circles)
Appear before confirmed signals when volume spikes suggest potential moves but not all confirmation conditions are met yet.
Visual Components
Support/Resistance Lines: Green and red lines showing current trend boundaries
EMA Lines: Blue (fast) and orange (slow) EMA lines for trend visualization
Signal Markers: Triangles for confirmed signals, circles for early warnings
How To Use This Indicator
For Day Trading: Apply to 1-5 minute charts for quick trades
For Swing Trading: Apply to 15-minute charts for slightly longer positions
Wait for Confirmation: Green/red triangles signal the highest probability entry points
Use Early Warnings: Small circles can help you prepare for potential setups
Adjust Parameters: Customize volume threshold and EMA periods to match your trading instrument's volatility
The core advantage of this strategy is its ability to detect institutional money flows through volume analysis before major price movements occur, potentially giving you an edge in fast-moving markets.
VWAP & Volume Correlation### **Calculating the Correlation Between VWAP (Volume-Weighted Average Price) and Volume (VOLUME) Over a Period of Time**
#### **Breakdown & Understanding**
- **VWAP (Volume-Weighted Average Price)**: Similar to an average price but weighted by volume, representing the average price at which market participants traded during a specific period.
- **VOLUME (Trading Volume)**: The total amount of assets traded over a certain period.
- **CORR (Correlation)**: Measures the relationship between two variables, ranging from **-1 to 1**:
- **Close to 1**: VWAP and volume **move in sync**—when volume increases, VWAP also rises, and when volume decreases, VWAP also falls.
- **Close to -1**: VWAP and volume **move inversely**—when volume increases, VWAP decreases, and vice versa.
- **Close to 0**: No significant relationship between VWAP and volume.
#### **Examples**
- If the correlation is **high (close to 1)**, it indicates that an increase in trading volume leads to a higher VWAP, suggesting that large amounts of capital are being traded at higher prices, which could indicate a **strong market**.
- If the correlation is **low (close to 0)**, it suggests that there is **no stable relationship** between VWAP and volume.
- If the correlation is **close to -1**, it means that **higher trading volume leads to a lower VWAP**, possibly indicating that heavy selling pressure is pushing prices down.
#### **Practical Applications**
- **Identifying Market Trends**: If VWAP and volume have a strong correlation, it could indicate that the current trend is stable.
- **Detecting Anomalies**: If the correlation suddenly drops or turns negative, it may signal a shift in market behavior, such as **large-scale selling or sudden price surges**.
#### **How to Use This Indicator**
- **When the correlation is close to 1 (Blue)**:
- VWAP and volume are moving **in sync**, suggesting a stable market trend.
- **When the correlation is close to -1 (Red)**:
- **Higher volume is causing VWAP to drop**, which could indicate institutional distribution or unusual market movements.
- **When the correlation fluctuates significantly**:
- It suggests **market sentiment is changing**, and it may be worth watching for a potential trend reversal.
By monitoring VWAP and volume correlation, traders can **better understand market conditions, detect institutional activity, and refine their trading strategies**. 🚀
Weighted Relative Strength Index [SeerQuant]Weighted Relative Strength Index (WRSI)
The Weighted Relative Strength Index (WRSI) is an advanced momentum oscillator that enhances the traditional RSI by incorporating customizable weighting methods and moving average smoothing. With dynamic threshold logic, color-coded visuals, and optional candle coloring, the WRSI provides traders with a versatile tool for identifying trends, overbought/oversold conditions, and momentum shifts.
⚙️ How It Works
1. Weighted Momentum Calculation
The indicator calculates price changes (delta) and applies a user-defined weighting method (e.g., Volume, Momentum, Volatility, or Reversion Factor) to emphasize specific market dynamics.
2. Custom Moving Average Integration
Weighted upward and downward price movements are smoothed using a selectable moving average type (e.g., SMA, EMA, TEMA, etc.), producing a weighted RSI that blends momentum and trend data.
3. Smoothed RSI Output
An additional moving average is applied to the weighted RSI for a smoothed version, offering a clearer view of momentum trends.
4. Threshold Logic
Bullish (Uptrend): WRSI exceeds the upper neutral zone boundary (50 + Neutral Zone).
Bearish (Downtrend): WRSI falls below the lower neutral zone boundary (50 - Neutral Zone).
Neutral: WRSI remains within the neutral zone.
Extreme overbought (90+) and oversold (20-) levels are marked with X’s for quick identification.
5. Dynamic Visual Representation
A color-coded line reflects the WRSI, adjusting hues based on trend direction.
Gradient fills highlight overbought/oversold zones and neutral areas.
Optional candle coloring ties price action to WRSI or smoothed RSI values.
A histogram-style fill between the WRSI and midline enhances trend strength visibility.
✨ Customizable Settings
Calculation Settings:
Calculation Source: Select the price source (default: close).
Calculation Length: Set the lookback period for RSI calculation (default: 14).
Moving Average Type: Choose from SMA, EMA, RMA, WMA, VWMA, LSMA, HMA, ALMA, DEMA, or TEMA (default: RMA).
Moving Average Length: Adjust the smoothing period for the weighted RSI (default: 8).
Neutral Zone Range: Define the width of the neutral zone around the midline (default: 5).
RSI Weighting Method:
Volume: Weights by trading volume.
Momentum: Weights by absolute price momentum.
Volatility: Weights by standard deviation.
Reversion Factor: Weights inversely to variance for mean-reversion emphasis (default: Momentum).
Style Settings:
Colour Choice: Pick from predefined schemes: Default, Modern, Cool, or Monochrome (default: Default).
Use Custom Colors?: Toggle to use custom bull, bear, and neutral colors (default: false).
Bull/Bear/Neutral Colors: Set custom colors when enabled (default: green/red/gray).
Candle Color Mode: Color candles based on WRSI or smoothed RSI (default: RSI).
Color Candles?: Enable/disable candle coloring (default: false).
🚀 Features and Benefits
Weighted Momentum Analysis: Enhances RSI with dynamic weighting for deeper market insights.
Flexible Smoothing: Multiple MA types and adjustable lengths adapt to various trading styles.
Visual Intuition: Color-coded outputs, gradient fills, and optional candle coloring simplify trend analysis.
Customizable Thresholds: Neutral zone and extreme levels cater to individual strategies.
Overbought/Oversold Signals: Clear markers for extreme conditions improve decision-making.
📜 Disclaimer
This indicator is for educational purposes only and does not constitute financial advice. Past performance does not guarantee future results. Always consult a licensed financial advisor before making trading decisions. Use at your own risk.
VOL High Liquidity Multiplierhis indicator, named "VOL High Liquidity Multiplier," is designed to highlight candles with high liquidity in a chart. The script is written in Pine Script (version 5) for use in TradingView. Here's an explanation of the key components:
Inputs (Settings):
highVolumeMultiplier: A multiplier (default value 3) used to identify candles with high liquidity. It compares the current volume to the average volume of the last 20 periods.
candleColor: The color used to highlight candles with high liquidity (default is yellow).
showShadedZone: A boolean to enable or disable highlighting the high liquidity area (zone).
zoneColor: The color of the shaded area (default is a transparent blue).
lineStyle: Allows the user to choose between solid, dashed, or dotted lines for high liquidity zone boundaries.
showBox: A boolean that, when enabled, will highlight the high liquidity zone using a box instead of lines.
candleLineStyle: Defines the style of the lines drawn around high liquidity candles (solid, dashed, or dotted).
candleLineWidth: The width of the lines drawn around high liquidity candles.
High Liquidity Calculation:
avgVolume: Calculates the average volume of the last 20 periods (using ta.sma()).
isHighLiquidityCandle: Identifies a candle with high liquidity if its volume is greater than the average volume multiplied by the highVolumeMultiplier.
Drawing the High Liquidity Candle:
The script uses barcolor to change the color of the bars (candles) that meet the high liquidity condition.
Tracking High Liquidity Candle Data:
The variables lastHighLiquidityHigh, lastHighLiquidityLow, and lastHighLiquidityIndex store the high, low, and bar index of the most recent high liquidity candle.
Drawing the High Liquidity Zone:
When showShadedZone is enabled, the script draws a shaded area around the high liquidity zone. The area is either a box (showBox) or a line-based boundary.
The box is drawn using box.new() and updated dynamically based on the high and low of the most recent high liquidity candle.
Line Styling:
The user can choose the line style (solid, dashed, or dotted) to represent the boundaries of the high liquidity zone. The lines include the high, low, and middle levels of the zone.
Highlighting High Liquidity Candles:
If a candle has high liquidity, the script draws lines around it to highlight the candle's boundaries, using the candleLineStyle and candleLineWidth settings.
Overall Purpose:
This indicator helps to visually identify candles with significant trading volume (high liquidity) and highlight these areas on the chart, allowing traders to quickly spot potential zones of interest where there is increased market activity.
Pso Volume Profile # Volume Profile with Dynamic Support and Resistance
## Overview
This Pine Script indicator for TradingView creates a comprehensive volume profile display with automatic support and resistance levels based on significant volume nodes. The indicator analyzes price action and volume data to identify key levels where trading activity has been concentrated, helping traders identify potential reversal or continuation zones.
## Key Features
### Volume Profile Analysis
- Displays a horizontal volume profile on the right side of the chart
- Divides volume into bid (buying) and ask (selling) components
- Color-codes bid and ask volumes differently for easy identification
- Customizable profile width, opacity, and placement
### Dynamic Support and Resistance Detection
- Automatically identifies significant price levels based on volume concentration
- Uses an adjustable percentile threshold to filter for the most important levels
- Color-codes support/resistance lines based on bid/ask dominance:
- Red lines: Bid-dominant levels (more buying pressure)
- Green lines: Ask-dominant levels (more selling pressure)
- Extends lines across the chart for clear visualization
### Customization Options
- Adjustable lookback period for volume analysis
- Configurable number of price divisions (bars)
- User-selectable volume percentile threshold (50-100%)
- Customizable colors for all elements
- Adjustable line length and position
## How It Works
1. The indicator divides the price range into a specified number of horizontal zones
2. It analyzes historical price and volume data within the lookback period
3. For each price zone, it calculates the total volume and separates bid/ask components
4. It identifies zones with volume exceeding the user-defined percentile threshold
5. It draws color-coded horizontal lines at these significant levels, extending across the chart
6. Lines are colored based on whether buying or selling was dominant at each level
## Usage Guidelines
- Higher percentile values (80-95%) will show fewer, but more significant levels
- Lower values (50-70%) will show more potential support/resistance zones
- Red lines often represent potential support levels (buyer-dominated)
- Green lines often represent potential resistance levels (seller-dominated)
- Areas where multiple lines cluster indicate highly significant zones
## Applications
- Identifying key price levels for entry and exit points
- Recognizing potential reversal zones
- Setting strategic stop-loss and take-profit levels
- Confirming support/resistance levels from other technical analysis methods
- Understanding the volume distribution and market structure
This indicator combines volume profile analysis with automatic support/resistance detection, providing traders with a powerful tool to identify significant price levels based on actual trading activity rather than just price patterns.
WAVES II by WestmontWAVES II by Westmont is a next-generation evolution of the original WAVES indicator, designed to offer improved responsiveness , enhanced functionality , and clearer visual clarity . By incorporating advanced momentum filtering and smoother transitions in the VWAP (Volume Weighted Average Price) area , WAVES II provides users with a more dynamic and actionable tool for market analysis.
This indicator introduces new methodologies , visual enhancements , and advanced forecasting capabilities , making it an ideal tool for traders seeking faster insights and sharper reactions to market movements.
Key Features of WAVES II
WaveTrend Calculation
The core of WAVES II is the WaveTrend , which is calculated using the HLC3 (High + Low + Close) price .
The WaveTrend is smoothed through two processes:
EMA (Exponential Moving Average): Applied to the HLC3 to capture faster price movements .
SMA (Simple Moving Average): Applied to the first wave to smooth out shorter-term fluctuations.
VWAP Area Crossover
WAVES II calculates the VWAP area by subtracting the second wave from the first .
The indicator detects when this VWAP area crosses key levels :
Bullish Signal : When the VWAP area crosses upward with positive momentum.
Bearish Signal : When the VWAP area crosses downward with negative momentum.
Momentum Detection
Momentum is calculated by measuring the price change between bars and smoothing this change over a short period .
Positive momentum signals increasing price movement , while negative momentum indicates a slowing or reversing trend .
This momentum detection filters out weaker price movements , highlighting only the significant trend shifts and giving users confirmation of market movements.
Visual Enhancements
Glowing VWAP Lines : The VWAP area is plotted with multiple layers of colors, gradually fading in opacity. This highlights areas of strong price movement and reversals.
Fading Gradient Effect : The VWAP line is filled with a gradient that adjusts its opacity based on the distance from the center line, visually indicating market strength and reinforcing key levels.
VWAP Projection
WAVES II projects the VWAP area forward , based on its recent slope, to offer a forward-looking view of potential price movements. This projection helps traders anticipate short-term market direction and react faster to potential trend changes.
Key Differences Between WAVES and WAVES II
Smoothing and WaveTrend Calculation Adjustments
WAVES : Uses fixed smoothing parameters for WaveTrend calculation, resulting in a relatively stable and slower response to market changes.
The first smoothing (wavetrend1) uses an EMA with a fixed length.
The second smoothing (wavetrend2) uses a simple moving average (SMA) with a fixed length.
WAVES II : Introduces more responsive settings like smoothing_length, deviation_length, first_wave_length, and second_wave_length for faster reaction times to market movements. These adjustments make WAVES II ideal for traders who need quicker feedback and sharper market transitions.
Momentum Detection
WAVES : Does not incorporate momentum-based logic, relying only on the VWAP area and its relationship to historical values.
WAVES II : Adds momentum detection, which calculates the difference between current and previous price movements, smoothed over a defined period. This helps identify bullish and bearish trends more accurately, providing additional confirmation and improving signal reliability.
VWAP Area Cross Detection
WAVES : Detects VWAP area crossovers based on recent high and low values.
WAVES II : Refines cross detection by incorporating a momentum filter. A Bullish cross is confirmed when the VWAP area crosses upwards with positive momentum, while a Bearish cross is confirmed when it crosses down with negative momentum. This dual-condition approach enhances signal accuracy and offers better context for trade decisions.
Plotting and Visualization
WAVES : Plots the VWAP line, center line, and uses color transitions for VWAP area fills to represent market conditions.
WAVES II : Introduces a multi-layer glow effect for the VWAP line, with varying opacities, creating a visually dynamic experience. The gradient glow effect provides a clearer representation of market strength and proximity to the center line, making it easier to spot market shifts and interpret momentum at a glance.
Why WAVES II Was Created as a Separate Indicator
New Features and Functionality :
WAVES II introduces key features like momentum detection and VWAP projections , which significantly alter how the indicator operates. These are not minor updates but represent a shift in how the tool functions , providing faster and more detailed insights for traders. WAVES II gives traders sharper market feedback with improved responsiveness to price changes.
Targeted for Different Trading Styles :
WAVES II is aimed at traders who need faster reactions and more dynamic , reliable signals . While WAVES remains a solid choice for those who prefer a more stable, traditional approach, WAVES II caters to traders who require quicker feedback and more granular market insights. By offering both tools, traders can select the one that aligns with their style, whether that’s for faster decision-making or a more conservative approach .
Visual Clarity :
The enhanced visual effects in WAVES II, such as the multi-layer glow and gradient VWAP transitions , offer greater clarity and a more intuitive charting experience . These visual improvements allow traders to quickly interpret changes in the market, making WAVES II a more effective tool for detailed and actionable market analysis.
Clear Value for Traders :
WAVES II brings significant enhancements over the original WAVES, including more advanced features , faster momentum detection , and better visual representation of market dynamics . This makes WAVES II a more powerful tool for traders seeking dynamic market insights . It is an ideal choice for those who need quicker and more reliable feedback than traditional tools can provide.
How to Use WAVES II
Users can watch for WaveTrend crossovers (when the line crosses 0) and VWAP area dots (bullish or bearish) to spot potential buy or sell signals.
Users can use momentum to confirm signals, helping you identify whether the market is gaining or losing strength.
WAVES II offers advanced features , faster responsiveness , and clearer visuals compared to the original WAVES indicator. By introducing momentum detection and refining the handling of VWAP crossovers , WAVES II enhances the overall trading experience, providing more dynamic, actionable insights for traders. While WAVES remains an excellent tool for those who prefer a simpler, more stable approach, WAVES II is designed for traders who seek a more detailed , faster-reacting tool for market analysis.
Synthetic OrderBookHow to Use the Enhanced Synthetic OrderBook Indicator
This indicator creates a synthetic representation of market order book data using price action, volume, and other technical factors. It's designed to help you identify significant market imbalances and potential price reversals, especially useful for crypto trading.
Overview
The Enhanced Synthetic OrderBook provides three different view modes, each offering unique insights into market conditions:
1. **Order Book View** - Shows simulated order book depth at different price levels
2. **Delta View** - Displays the imbalance between buying and selling pressure
3. **Liquidation View** - Highlights potential liquidation events that could drive price movements
How to Use Each View Mode
Order Book View
This view simulates what you would see in an exchange order book, showing bids (buy orders) in green and asks (sell orders) in orange/red.
**How to interpret:**
- **Green bars (bids)**: Represent buying interest at different price levels below the current price
- **Red bars (asks)**: Represent selling interest at different price levels above the current price
- **Bar height**: Taller bars indicate stronger buying/selling interest
- **Threshold lines**: The green line shows the bullish threshold, while the red line shows the bearish threshold
**Trading signals:**
- When green bars (bids) consistently exceed the bullish threshold, consider buying
- When red bars (asks) consistently exceed the bearish threshold, consider selling
- Look for imbalances where bids are significantly larger than asks (or vice versa)
Delta View
This view shows the difference between buying and selling pressure across different price ranges. It's more focused on the imbalance rather than raw order book depth.
**How to interpret:**
- **Green bars**: Positive delta (more buying than selling pressure)
- **Red bars**: Negative delta (more selling than buying pressure)
- **Threshold lines**: Indicate significant levels of imbalance
- **Zero line**: Neutral point between buying and selling pressure
**Trading signals:**
- When delta stays consistently above the bullish threshold, it suggests strong buying pressure
- When delta stays consistently below the bearish threshold, it suggests strong selling pressure
- Changes in direction of the delta can signal potential reversals
- When the bids/asks delta shallows
Liquidation View
This view estimates potential liquidation events in the market, which often lead to sharp price movements.
**How to interpret:**
- **Green bars**: Potential long liquidations (forced selling from leveraged long positions)
- **Red bars**: Potential short liquidations (forced buying from leveraged short positions)
- **Bar height**: Indicates the estimated severity of liquidations
**Trading signals:**
- Large liquidation events often lead to price continuation in that direction
- After a series of liquidations, the market may become exhausted, suggesting a potential reversal
- Short liquidations (red) tend to create faster upward price movements than long liquidations
Tips for Beginners
1. **Start with the Order Book view** to get a feel for buying and selling pressure
2. **Use the Delta view** for confirmation of trends and potential reversals
3. **Check the Liquidation view** when markets are volatile to anticipate sharp moves
4. **Watch for strong buy/sell signals** (green/red arrows) which suggest high-confidence trade opportunities
5. **Customize the threshold levels** in the settings to match the volatility of the asset you're trading
6. **Higher timeframes** (4H, daily) generally provide more reliable signals than lower timeframes
## Important Settings to Adjust
- **Order Book/Delta Thresholds**: Adjust these based on the asset's volatility (higher for more volatile assets)
- **Show Bids/Asks**: Toggle to focus on specific directions
- **Adaptive Threshold**: Enables the indicator to automatically adjust sensitivity based on market conditions
- **Volume Profile**: Uses historical volume distribution to improve accuracy
This indicator works best when combined with other confirmation tools like support/resistance levels, trend analysis, and traditional technical indicators.
GAPs and AVPIs by BULL┃NETThe B | N - GAPA (GAPs and AVPIs by BULL|NET)
indicator helps traders to identify gaps between bars and imbalances in price and
volume.
read the 2 Disclaimers before use!
Disclaimer BullNett:
The information provided in this document is for educational and informational purposes only and does not constitute financial, investment, or trading advice. Any use of the content is at your own risk. No liability is assumed for any losses or damages resulting from reliance on this information. Trading financial instruments involves significant risks, including the potential loss of all invested capital. There is no guarantee of profits or specific outcomes. Please conduct your own research and consult a professional financial advisor if needed.
Disclaimer TradingView:
According to the www.tradingview.com
Gaps and imbalances are considered important price levels or ranges because the
price usually tends to close gaps and to get rid of imbalances sooner or later. At the
same time, gaps can deliver support or resistance and tell you a lot about market
sentiment.
Knowing where gaps and imbalances are or have been is vital for successful trading.
Read bevor use!!
Concepts and Functionality:
AVPI: Assumed Volume Price Imbalance
The price curve on a chart is like waves on the ocean. It goes up and
down and sometimes it is smooth. More wind means higher waves and if
the wind slows down the waves get smaller. An under sea earthquake
can cause a tsunami which is the exception of the rule: Extremely higher
waves without more wind.
This is what we consider an AVPI. The price is rising or falling sharply at
a single bar with only slightly increased or even decreased volume. The
change in price seems to be rather the result of a single event than of a
broader change in market sentiment. Such an imbalance is subject to be
corrected sooner or later: the price will return to where the imbalance
started. The Gap will get closed.
AVPIs can be spotted in any timeframe across any asset. And most
importantly you will usually see them at any broker for the same asset.
No matter whether you look i.e. at the original Nasdaq (NASDAQ:NDX)
chart or at the corresponding charts of CFD brokers.
Using the historical display feature of the indicator you will spot price
ranges where a couple of bearish and bullish AVPIs take turns. This is
usually the result of bears and bulls fighting for dominance. Play with the
historical display and the replay feature of TradingView to get a feeling
how things developed depending on who won the fight.
Candle Gaps
If the high and low of two consecutive candles do not overlap we talk
about a candle gap. Other than AVPIs which can be spotted across any
broker Candle Gaps are specific to a broker, the asset and the chart.
If you spot the same Candle Gap across different brokers and the original
chart, i.e. NASDAQ:NDX if you trade the Nasdaq, the Gap can be
considered meaningful and important because it marks a price range in
the market that hasn’t been traded at all (nobody was willing to sell or
buy in that price range).
Candle Gaps are usually closed within a very
short time. Often, you can see these gaps being filled on the same day,
but depending on the asset, they can also remain open for days.
Body Gaps
If you compare the high or low of the current bar with the open or close
of the bar before you will see there are times where the current extreme
does not overlap with the body of the previous bar. This is called a Body
Gap.
If the Body Gap extends a Candle Gap (see impressions section below)
to the body of the previous bar you should consider the Body Gap to be
a bigger Candle Gap.
If several Body Gaps occur in quick succession in a trend they indicate
acceleration and maybe an upcoming exhaustion of the trend.
Combined with the B | N – TREX by BULL|NETT you might find a good trend entry (see
impressions section below).
Single Body Gaps usually do not have much impact other than indicating
the price will likely turn quickly to close the Gap.
It is important to note Body Gaps should always be verified in the 1
minute time frame. You might see a body gap in the 3 minute timeframe
but not below because of the calculation of the Body in the higher time
frame. (see impressions section below)
AVPI OPTIONS
Default assumption for an AVPI:
• If the current bar height (high – low) is at least three times bigger
(growth >= 200%) than the height of the bar before (high –
low )
• And the current bar body (open – close or close – open) measures
at least 70% of its total height (high - low)
• And the growth of volume since the last bar (volume – volume ) is
not bigger than 1.5 times (growth <= 50%) the growth of the current
bar height
Example:
Current bar height: 13205.10 Previous bar height: 2500.60 Growth of
height = 13205.10 / 2500.60 = 5.28 times bigger Growth of height in
percent (GoH) = 13205.10 * 100 / 2500.60 – 100 = 428.08%
Current bar height: 13205.10 Current bar body: 11007.72 Proportion of
body (PoB): 11007.72 * 100 / 13205.10 = 83.36%
Current bar volume: 608470.00 Previous bar volume: 357365.00 Change
in volume: 608470 * 100 / 357365 – 100 = 70.27% Max. change in
volume allowed: 428.08 * 50% = 214%
Condition check: Growth of height (GoH) in percent 428.08% > 200%
Proportion of body 83.36% > 70% Growth of volume (GoV) 70.27% <
214%
All conditions are true and we can assume a volume to price imbalance.
The following settings allow you to modify the calculation parameters.
The defaults deliver highly reliable results across all markets and assets.
Any changes may end in displaying false results.
Settings:
● Maximum GoV in percent The default maximum growth of volume is
50% of the growth of height. You can change it down to 25% in steps of
1%. This setting decreases the allowed maximum growth of volume. The
calculation becomes more strict.
● Minimum GoH in percent The default minimum growth of height of the
current bar compared to the previous bar is 200%. You can change the
setting between 150% and 250%. The previous bar is taken as 100%. A
growth by 100% means the current bar height is two times the height of
the previous bar. If the previous bar has a height of 50 points, a growth of
200% expects the current height to be 150 (50 + 2 * 50) points. A setting
of 150% results in 125 (50 + 50 + 25) points, and 250% gives 175 (50 +
2 * 50 + 25) points.
● Minimum PoB in percent The default minimum proportion of the current
bar's body of its height is 70%. You can choose a value between 65%
and 90%. The height of the bar (high – low) is always 100%. If you
reduce the setting, you allow a smaller body (larger wicks). If you raise
the setting, you demand a larger body (less wicks).
● AVPIs By default, AVPI calculation and display are enabled. For
backtesting purposes, you can switch them off.
The two color fields allow you to differentiate between AVPIs with
increasing and decreasing volume. A lower volume at the current bar
than at the previous bar while the bar height is growing can tell you
something about the market sentiment in higher timeframes.
The text color field allows you to change the color of the range display in
the AVPI box.
● AVPI Insight By default, you will see a small 🛈 in the middle of the
AVPI bar. The tooltip of the label contains all parameters as shown in the
example calculation above. If you don’t need it, you can disable this
feature. The other two fields determine the color and size of the 🛈.
— Body and Candle Gap Options
● Body Gaps By default, the display of Body Gaps is enabled. You can
disable it for backtesting purposes. Change the color of the box and text
to your liking.
● Candle Gaps By default, the display of Candle Gaps is enabled. You
can disable it for backtesting purposes. Change the color of the box and
text to your liking.
— HISTORICAL OPTIONS
All historical options are for backtesting and learning purposes only.
● Show past AVPIs If enabled, the live display of AVPIs is switched off.
Select the number of the latest AVPIs to display. You can differentiate
between bullish (up) and bearish (down) AVPIs. Past AVPIs will be
displayed in their dimension at the moment they occurred.
● Show past Body Gaps If enabled, the live display of Body Gaps is
switched off. Select the number of the latest Body Gaps to display. You
can differentiate between bullish (up) and bearish (down) Body Gaps.
Past Body Gaps will be displayed in their dimension at the moment they
occurred.
● Show past Candle Gaps If enabled, the live display of Candle Gaps is
switched off. Select the number of the latest Candle Gaps to display. You
can differentiate between bullish (up) and bearish (down) Candle Gaps.
Past Candle Gaps will be displayed in their dimension at the moment
they occurred.
— DISPLAY OPTIONS
● 2 Decimals To streamline the appearance of prices, they are set to
display two decimals only. Numbers get rounded! However, trading
currency pairs or crypto assets might need to display the full amount of
decimals. In this case, simply disable the setting “2 Decimals.”
● Show Gap Range By default, each Gap Box will contain its range.
Depending on the direction (up/down), the range is displayed from
Bottom to Top or vice versa. If you want a cleaner chart, you can disable
the range.
— NERDS ONLY
These options are for nerdy pro-traders. For most of them, you need
knowledge about the Pine Protocol Console. If you have no idea what I
am talking about, these features are not for you.
● Bar Details In replay mode, you will see the details of the current bar in
the pine protocol.
_____________________________________________
Disclaimer BullNett:
The information provided in this document is for educational and informational purposes only and does not constitute financial, investment, or trading advice. Any use of the content is at your own risk. No liability is assumed for any losses or damages resulting from reliance on this information. Trading financial instruments involves significant risks, including the potential loss of all invested capital. There is no guarantee of profits or specific outcomes. Please conduct your own research and consult a professional financial advisor if needed.
Disclaimer TradingView:
According to the www.tradingview.com
Copyright: 2025-BULLNET - All rights reserved/b]
Roadmap:
Version 1.0 28.02.2025
Multi-Timeframe Liquidity Zones V6 (Lines)Multi-Timeframe Liquidity Zones V6 (Lines) identifies key volume-based support and resistance levels across multiple timeframes (Monthly, Weekly, Daily, 4H, 1H, 30M, and 15M). It calculates the Point of Control (POC)—the price with the highest volume—and the Value Area High (VAH)/Value Area Low (VAL)—the range that captures the bulk of trading activity—based on a user-defined number of bars.
The indicator draws lines for these levels on the chart and labels them with the corresponding timeframe. This helps you quickly spot where major volume concentration may affect price movements, making it easier to plan entries, exits, and risk management. Simply adjust the “Bars Count” parameters to suit your preferred timeframe or market volatility.
While these volume levels often coincide with strong support/resistance zones, it’s best to combine them with other technical tools or price action for confirmation. In short, Multi-Timeframe Liquidity Zones V6 (Lines) offers a clear, consolidated view of crucial volume-driven levels, streamlining multi-timeframe analysis and enhancing your overall trading strategy.
Cumulative Volume Delta with SignalThis premium-grade technical indicator provides deep insights into market sentiment by tracking the difference between buying and selling pressure through volume analysis. SCVD offers a sophisticated approach to volume profile analysis, helping traders identify potential trend reversals and momentum shifts before price action confirms them.
Key Features:
Real-Time Volume Delta Analysis: Visualizes buying vs. selling pressure through color-coded candles
Smart Signal Line Integration: EMA-based signal line helps identify trend changes and trading opportunities
Multi-Timeframe Capabilities: Automatically selects optimal lower timeframes for precision or can be customized
Daily Reset Option: Anchor period functionality for intraday delta analysis
Professional Visualization: Clean, color-coded display with zero reference line
Trading Applications:
Identify divergences between price action and volume delta for potential reversals
Spot accumulation/distribution patterns through delta behavior
Use signal line crossovers for entry/exit timing
Confirm trend strength by analyzing delta momentum
Detect potential false breakouts through volume confirmation
Perfect for day traders, swing traders, and institutional investors who rely on volume analysis for decision-making. This indicator combines sophisticated volume delta metrics with an intuitive interface to provide actionable trading insights across all markets and timeframes.
Volume Pressure Histogram (Normalized)Overview
The Volume Pressure Histogram is designed to help traders analyze buying and selling pressure using real volume data.
Unlike traditional momentum indicators that rely solely on price movements, VPH measures the strength of bullish and bearish volume, providing insights into market participation.
How It Works
The histogram represents the difference between buying and selling volume over a selected period.
Green bars indicate strong buying pressure, while red bars signal strong selling pressure.
Lime and orange bars (if enabled) represent moderate buying and selling activity.
A white signal line smooths volume data to track momentum shifts over time.
How to Use It
Trend Confirmation: When price is rising and green bars increase, the trend is supported by real buying pressure.
Reversal Detection: If price makes a new high but green bars shrink, buyers may be losing strength.
Breakout Strength: A breakout with rising volume pressure confirms strong participation, while weak volume pressure suggests a potential fake move.
Divergence Signals: If price moves higher, but volume pressure declines, the move may lack conviction and could reverse.
Customization Options
Threshold Multiplier (default = 20) controls when green and red bars appear, filtering out weaker signals.
Log Scale Option helps normalize extreme volume spikes.
Adjustable Smoothing Length for both the histogram and signal line.
Why Use This Indicator
Provides a volume-based approach to analyzing market trends.
Can confirm or contradict price movements, helping identify strong or weak trends.
Works across multiple markets, including stocks, forex, crypto, and indices.
This indicator is designed for educational and informational purposes only and does not provide financial advice.
Volume Stack US Top 40 [Pt]█ Overview
Volume Stack US Top 40 is a versatile TradingView indicator designed to give you an at-a-glance view of market sentiment and volume dynamics across the top 40 U.S. large-cap stocks. Inspired by the popular Saty Volume Stack, this enhanced version aggregates essential volume and price strength data from major tickers on both the NYSE and NASDAQ, and works seamlessly on all timeframes.
█ Key Features
Dynamic Buy / Sell Volume Stack: This indicator dynamically stacks the volume bars so that the side with higher volume appears on top. For example, green over red signals more buy-side volume, while red over green indicates greater sell-side volume.
Cross-Market Analysis: Easily toggle between NYSE and NASDAQ to analyze the most influential U.S. stocks. The indicator automatically loads the correct set of tickers based on your selection.
Flexible Coverage: Choose from Top 10, Top 20, Top 30, or Top 40 tickers to tailor the tool to your desired scope of analysis.
Dynamic Table Display: A neat on-chart table lists the selected ticker symbols along with visual cues that reflect each stock’s strength. You can even remove exchange prefixes for a cleaner look.
█ Inputs & Settings
Market Selector: Choose whether to view data from the NYSE or NASDAQ; the indicator automatically loads the corresponding list of top tickers.
Number of Tickers: Select from ‘Top 10’, ‘Top 20’, ‘Top 30’, or ‘Top 40’ stocks to define the breadth of your analysis.
Color Options: Customize the colors for bullish and bearish histogram bars to suit your personal style.
Table Preferences: Adjust the on-chart table’s display style (grid or one row), text size, and decide whether to show exchange information alongside ticker symbols.
█ Usage & Benefits
Volume Stack US Top 40 is ideal for traders and investors who need a clear yet powerful tool to gauge overall market strength. By combining volume and price action data across multiple major stocks, it helps you:
Quickly assess whether the market sentiment is bullish or bearish.
Confirm trends by comparing volume patterns against intraday price movements.
Enhance your trading decisions with a visual representation of market breadth and dynamic buy/sell volume stacking.
Its intuitive design means you spend less time adjusting complex settings and more time making confident, informed decisions.
Volume Pulse Pro📊 Volume Pulse Pro – Advanced Volume Spike Detector
🔍 What is it?
Volume Pulse Pro is an advanced tool designed to detect and highlight significant volume spikes in real-time. This indicator helps traders:
✅ Identify strong market momentum shifts.
✅ Spot institutional activity and market maker moves.
✅ Avoid fake breakouts by filtering volume anomalies.
✅ Receive instant alerts for critical volume changes without staring at the chart.
⚙️ How does it work?
The indicator analyzes volume relative to a 50-period SMA and dynamically colors volume bars based on their significance:
🔵 Moderate Volume Spike (Lvl 1) → Volume exceeds 1.3x the average.
🟠 Strong Volume Spike (Lvl 2) → Volume exceeds 2.5x the average.
🔴 Extreme Volume Spike (Lvl 3) → Volume exceeds 3.5x the average.
Each threshold can be customized and enabled/disabled in the settings, allowing full control over alerts and visual display.
🚀 Why use Volume Pulse Pro?
✅ Flexible customization – choose which volume spikes to track.
✅ Real-time alerts – never miss a critical volume event.
✅ Clear visual representation – gradient-colored bars for easy interpretation.
✅ Perfect for scalpers & swing traders – filter out noise and focus on key moves.
🎯 How to Use It?
1️⃣ Add the indicator to your TradingView chart.
2️⃣ Adjust the volume thresholds and enable alerts for key levels.
3️⃣ Trade with confidence by spotting high-impact volume surges instantly.
🔥 Volume Pulse Pro gives traders a clear edge by revealing hidden volume signals that drive the market! 📈💰
📢 Get started now and take your trading to the next level! 🚀
