Volume-MACD-RSI Integrated StrategyDescription:
This script integrates three well-known technical analysis tools—Volume, MACD, and RSI—into a single signal meant to help traders identify potential turning points under strong market conditions.
Concept Overview:
Volume Filter: We compare the current bar’s volume to a 20-period volume average and require it to exceed a specified multiplier. This ensures that signals occur only during periods of heightened market participation. The logic is that moves on low volume are less reliable, so we wait for increased activity to confirm potential trend changes.
MACD Momentum Shift:
We incorporate MACD crossovers to determine when momentum is changing direction. MACD is a popular momentum indicator that identifies shifts in trend by comparing short-term and long-term EMAs. A bullish crossover (MACD line crossing above the signal line) may suggest upward momentum is building, while a bearish crossunder can indicate momentum turning downward.
RSI Market Condition Check:
RSI helps us identify overbought or oversold conditions. By requiring that RSI be oversold on buy signals and overbought on sell signals, we attempt to pinpoint entries where price could be at an extreme. The idea is to position entries or exits at junctures where price may be due for a reversal.
How the Script Works Together:
Volume Confirmation: No signals fire unless there’s strong volume. This reduces false positives.
MACD Momentum Check: Once volume confirms market interest, MACD crossover events serve as a trigger to initiate consideration of a trade signal.
RSI Condition: Finally, RSI determines whether the market is at an extreme. This final layer helps ensure we only act on signals that have both momentum shift and a price at an extreme level, potentially increasing the reliability of signals.
Intended Use:
This script can help highlight potential reversal points or trend shifts during active market periods.
Traders can use these signals as a starting point for deeper analysis. For instance, a “BUY” arrow may prompt a trader to investigate the market context, confirm with other methods, or look for patterns that further support a long entry.
The script is best used on markets with reliable volume data, such as stocks or futures, and can be experimented with across different timeframes. Adjusting the RSI thresholds, MACD parameters, and volume multiplier can help tailor it to specific instruments or trading styles.
Chart Setup:
When adding this script to your chart, it should be the only indicator present, so you can clearly see the red “BUY” arrows and green “SELL” arrows at the candle closes where signals occur.
The chart should be kept clean and uncluttered for clarity. No other indicators are necessary since the logic is already integrated into this single script.
Volume
Options Series - Anchored VWAP Ribbon➤ AVWAP On different chart symbols:
⭐ Overview and Key Features:
Anchored VWAP Calculation:
The script implements the Anchored Volume Weighted Average Price (AVWAP), a tool used by professional traders to identify key price levels weighted by volume, starting from a specific timestamp (anchor point).
Bullish and Bearish Analysis:
It determines the dominance of bullish or bearish momentum based on the relationship between the close price and AVWAP levels across multiple time points.
Dynamic Visualization:
The background of the chart changes color based on overall bullish or bearish sentiment, making it easier to interpret market trends.
Multi-Time Anchors:
By defining multiple anchor points (e.g., 09:15, 09:20), the script calculates a series of AVWAP values for fine-grained intraday analysis.
Customizable Inputs:
Users can select the source price (e.g., hlc3), date, and time for AVWAP calculation.
⭐ How It Works and Functionality:
AVWAP Logic:
Uses the timestamp() function to establish a reference (anchor point).
Calculates the cumulative weighted price (price * volume) and cumulative volume from this anchor point.
The ratio of these sums gives the AVWAP, which updates dynamically with new bars.
Bullish and Bearish Signals:
Binary flags (1 or 0) are set for each time point depending on whether the closing price is above or below the AVWAP for that time.
Aggregates these flags into AVWAP_bull and AVWAP_bear to represent the overall market sentiment.
Decision Logic:
Determines final market conditions (bullish or bearish dominance) based on aggregated scores.
Visual feedback (background and bar colors) is applied accordingly.
⭐ Visualizations and User Experience:
Background Colors:
Green or red background highlights the overall sentiment (bullish or bearish), providing a quick market overview.
Bar Coloring:
Bars are color-coded based on bullish, bearish, or neutral conditions, making it easier to identify trends directly on the chart.
AVWAP Levels:
The calculated AVWAP values are plotted as colored lines for each anchor point, giving precise intraday levels of significance.
Bright colors (fluorescent green/red) are used for additional clarity when the close price is above or below these levels.
🎨 Settings and Customization:
Anchor Point:
Fully customizable anchor points allow users to set specific dates and times (e.g., 09:15 on December 13, 2024) for AVWAP calculations.
Source Price:
Users can choose from hlc3, close, or any other price source to calculate the AVWAP, tailoring the indicator to their strategy.
Visual Appearance:
The transparency, colors, and line styles are adjustable, enabling users to customize the chart to match their trading preferences.
Dynamic Signals:
The script accommodates numerous AVWAP levels, providing flexibility for scalpers and swing traders alike.
⭐ Uniqueness of the Concept:
Precise Intraday Analysis:
Unlike static VWAP, this script allows anchoring to specific times during the day, offering granular insights into market behavior.
Cumulative Sentiment Approach:
Aggregates signals across multiple time intervals, providing a comprehensive view of intraday momentum rather than a single-point reference.
Blending AVWAP with Visual Feedback:
Combines traditional AVWAP calculations with visually impactful features like background shading and bar coloring to enhance decision-making.
Scalability:
Supports adding multiple additional anchor points and customization for broader applicability in different market conditions.
🚀 Conclusion:
The Anchored VWAP Ribbon script is a powerful tool for traders seeking to analyze price behavior relative to volume-weighted levels anchored at specific times. It provides a visually intuitive way to assess intraday market sentiment, combining traditional technical indicators with customizable visualization features. The script’s flexibility makes it suitable for a variety of trading styles, from scalping to swing trading, while its unique cumulative sentiment logic sets it apart from conventional VWAP tools.
High Volume BarsThis indicator highlights the highest volume bullish and bearish bars within a specified lookback period. It provides a visual representation of significant volume activity, which can be useful for identifying potential trend reversals or continuations.
Key Features:
Customizable lookback period to find highest volume bars
Lime-colored bars for bullish (up) volume
Fuchsia-colored bars for bearish (down) volume
Filled areas between high and low of highest volume bars
Easy-to-read visual cues for volume analysis
The indicator scans the specified number of previous bars to identify the highest volume bullish and bearish bars. It then colors these bars and draws filled areas to make them stand out on the chart. This can help traders quickly spot areas of significant buying or selling pressure.
Use this indicator to:
Identify potential support and resistance levels
Spot volume-based trend reversals
Confirm breakouts or breakdowns
Enhance your volume analysis in conjunction with price action
Adjust the lookback period to fine-tune the indicator's sensitivity to recent volume activity. A longer lookback period will identify more significant volume events, while a shorter period will be more responsive to recent changes.
Note: This indicator is best used in combination with other technical analysis tools and should not be relied upon solely for making trading decisions.
COIN/BTC Trend OscillatorThe COIN/BTC Trend Oscillator is a versatile tool designed to measure and visualize momentum divergences between Coinbase stock ( NASDAQ:COIN ) and Bitcoin ( CRYPTOCAP:BTC ). It helps identify overbought and oversold conditions, while also highlighting potential trend reversals.
Key Features:
VWAP-Based Divergence Analysis:
• Tracks the difference between NASDAQ:COIN and CRYPTOCAP:BTC relative to their respective VWAPs.
• Highlights shifts in momentum between the two assets.
Normalized Oscillator:
• Uses ATR normalization to adapt to different volatility conditions.
• Displays momentum shifts on a standardized scale for better comparability.
Overbought and Oversold Conditions:
• Identifies extremes using customizable thresholds (default: ±80).
• Dynamic background colors for quick visual identification:
• Blue for overbought zones (potential sell).
• White for oversold zones (potential buy).
Rolling Highs and Lows Detection:
• Tracks turning points in the oscillator to identify possible trend reversals.
• Useful for spotting exhaustion or accumulation phases.
Use Case:
This indicator is ideal for trading Coinbase stock relative to Bitcoin’s momentum. It’s especially useful during strong market trends, helping traders time entries and exits based on extremes in relative performance.
Limitations:
• Performance may degrade in choppy or sideways markets.
• Assumes a strong correlation between NASDAQ:COIN and CRYPTOCAP:BTC , which may not hold during independent events.
Pro Tip: Use this oscillator with broader trend confirmation tools like moving averages or RSI to improve reliability. For macro strategies, consider combining with higher timeframes for alignment.
Cryptocurrency SentimentOverview
This script focuses on calculating and visualizing the sentiment difference between LONG positions and SHORT positions for a selected cryptocurrency pair on the Bitfinex exchange. It provides a clean and clear visual representation of the sentiment, helping traders analyze market behavior.
Key Features
Dynamic Symbol Selection:
The script automatically detects the cryptocurrency symbol from the chart (syminfo.basecurrency) and dynamically constructs the LONGS and SHORTS ticker symbols.
Works seamlessly for pairs like BTCUSD, ETHUSD, and others available on Bitfinex.
Sentiment Calculation:
The sentiment difference is calculated as:
Sentiment Difference=−1×(100− SHORTS/LONGS ×100)
LONGS : The total number of long positions.
SHORTS : The total number of short positions.
If SHORTS is 0, the value is safely skipped to avoid division errors.
Color Coding:
The script visually highlights the sentiment difference:
Green Line: Indicates that LONG positions are dominant (bullish sentiment).
Red Line: Indicates that SHORT positions are dominant (bearish sentiment).
Zero Reference Line:
A gray horizontal line at 0 helps users quickly identify the transition between bullish (above zero) and bearish (below zero) sentiment.
How It Works
Fetching Data:
The script uses request.security to fetch LONGS and SHORTS data at the current chart timeframe (timeframe.period) for the dynamically generated Bitfinex tickers.
Handling Data:
Missing or invalid data (NaN) is filtered out to prevent errors.
Extreme spikes or irregular values are safely avoided.
Visualization:
The sentiment difference is plotted with dynamic color coding:
Green when LONGS > SHORTS (bullish sentiment).
Red when SHORTS > LONGS (bearish sentiment).
Benefits
Market Sentiment Insight: Helps traders quickly identify if the market is leaning towards bullish or bearish sentiment based on actual LONG and SHORT position data.
Dynamic and Adaptive: Automatically adjusts to the selected cryptocurrency symbol on the chart.
Clean Visualization: Focuses solely on sentiment difference with color-coded signals, making it easy to interpret.
Best Use Cases
Trend Confirmation: Use the sentiment difference to confirm trends during bullish or bearish moves.
Market Reversals: Identify potential reversals when sentiment shifts from positive (green) to negative (red) or vice versa.
Sentiment Monitoring: Monitor the overall market bias for cryptocurrencies like BTC, ETH, XRP, etc., in real-time.
Sample Chart Output
Above Zero → Green Line: Bullish sentiment dominates.
Below Zero → Red Line: Bearish sentiment dominates.
Zero Line → Transition point for shifts in sentiment.
Wave Surge [UAlgo]The "Wave Surge " is a comprehensive indicator designed to provide advanced wave pattern analysis for market trends and price movements. Built with customizable parameters, it caters to both beginner and advanced traders looking to improve their decision-making process.
This indicator utilizes wave-based calculations, adaptive thresholds, and volume analysis to detect and visualize key market signals. By integrating multiple analysis techniques.
It calculates waves for high, low, and close prices using a configurable moving average (EMA) technique and pairs it with volume and baseline analysis to confirm patterns. The result is a robust framework for identifying potential entry and exit points in the market.
🔶 Key Features
Wave-Based Analysis: This indicator computes waves using exponential moving averages (EMA) of high, low, and close prices, with an adjustable wave period to suit different market conditions.
Customizable Baseline: Traders can select from multiple baseline types, including VWMA (Volume-Weighted Moving Average), EMA, SMA (Simple Moving Average), and HMA (Hull Moving Average), for trend confirmation.
Adaptive Thresholds: The adaptive threshold feature dynamically adjusts sensitivity based on a chosen period, ensuring the indicator remains responsive to varying market volatility.
Volume Analysis: The integrated volume analysis calculates volume ratios and allows traders to enable or disable this feature to refine signal accuracy.
Pattern Recognition: The indicator identifies specific wave patterns (Wave 1, Wave 3, Wave 4, Wave 5, Wave 6) and visually plots them on the chart for easy interpretation.
Visual and Color-Coded Signals: Clear visual signals (upward and downward arrows) are plotted on the chart to highlight potential bullish or bearish patterns. The baseline is color-coded for an intuitive understanding of market trends.
Configuration: Parameters for wave period, baseline length, volume factors, and sensitivity can be tailored to align with the trader’s strategy and market environment.
🔶 Interpreting the Indicator
Wave Patterns
The indicator detects and plots six unique wave patterns based on price changes that exceed an adaptive threshold. These patterns are validated by the direction of the baseline:
Wave 1 (Bullish): Triggered when the price increases above the threshold while the baseline is falling.
Wave 3, 4, and 6 (Bearish): Indicate potential downtrends validated by a rising baseline.
Wave 5 (Bullish): Suggests upward momentum when prices exceed the threshold with a falling baseline.
Baseline Trend
The baseline serves as a trend confirmation tool, dynamically changing color to reflect market direction:
Aqua (Rising): Indicates an upward trend.
Red (Falling): Indicates a downward trend.
Volume Confirmation
When enabled, the volume analysis feature ensures that signals are supported by significant volume movements. Patterns with high volume are considered more reliable.
Signal Visualization
Upward Arrows (🡹): Highlight potential bullish opportunities.
Downward Arrows (🡻): Highlight potential bearish opportunities.
Alerts
Alerts are triggered when key wave patterns are identified, providing traders with timely notifications to take action without being tied to the screen.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Buying and Selling Volume Pressure S/RThis custom indicator aims to visualize underlying market pressure by cumulatively analyzing where trade volume occurs relative to each candle's price range. By separating total volume into "buying" (when price closes near the high of the bar) and "selling" (when price closes near the low of the bar), the indicator identifies shifts in dominance between buyers and sellers over a defined lookback period.
When cumulative buying volume surpasses cumulative selling volume (a "bullish cross"), it suggests that buyers are gaining control. Conversely, when cumulative selling volume exceeds cumulative buying volume (a "bearish cross"), it indicates that sellers are taking the upper hand.
Based on these crossovers, the indicator derives dynamic Support and Resistance lines. After a bullish cross, it continuously tracks and updates the lowest low that occurs while the trend is bullish, forming a support zone. Similarly, after a bearish cross, it updates the highest high that appears during the bearish trend, forming a resistance zone.
A Mid Line is then calculated as the average of the current dynamic support and resistance levels, providing a central reference point. Around this Mid Line, the script constructs an upper and lower channel based on standard deviation, offering a sense of volatility or "divergence" from the mean level.
Finally, the indicator provides simple buy and sell signals: a buy signal is triggered when the price closes back above the Mid Line, suggesting a potential shift toward bullish conditions, while a sell signal appears when the price closes below the Mid Line, hinting at a possible bearish move.
In summary, this indicator blends volume-based market pressure analysis with adaptive support and resistance detection and overlays them onto the chart. It helps traders quickly gauge who controls the market (buyers or sellers), identify dynamic levels of support and resistance, and receive alerts on potential trend changes—simplifying decision-making in rapidly evolving market conditions.
Important Notice:
Trading financial markets involves significant risk and may not be suitable for all investors. The use of technical indicators like this one does not guarantee profitable results. This indicator should not be used as a standalone analysis tool. It is essential to combine it with other forms of analysis, such as fundamental analysis, risk management strategies, and awareness of current market conditions. Always conduct thorough research or consult with a qualified financial advisor before making trading decisions. Past performance is not indicative of future results.
Disclaimer:
Trading financial instruments involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. This indicator is provided for informational and educational purposes only and should not be considered investment advice. Always conduct your own research and consult with a licensed financial professional before making any trading decisions.
Note: The effectiveness of any technical indicator can vary based on market conditions and individual trading styles. It's crucial to test indicators thoroughly using historical data and possibly paper trading before applying them in live trading scenarios.
Bitcoin COT [SAKANE]#Overview
Bitcoin COT is an indicator that visualizes Bitcoin futures market positions based on the Commitment of Traders (COT) report provided by the CFTC (Commodity Futures Trading Commission).
This indicator stands out from similar tools with the following features:
- Flexible Data Switching: Supports multiple COT report types, including "Financial," "Legacy," "OpenInterest," and "Force All."
- Position Direction Selection: Easily switch between long, short, and net positions. Net positions are automatically calculated.
- Open Interest Integration: View the overall trading volume in the market at a glance.
- Comparison and Customization: Toggle individual trader types (Dealer, Asset Manager, Commercials, etc.) on and off, with visually distinct color-coded graphs.
- Force All Mode: Simultaneously display data from different report types, enabling comprehensive market analysis.
These features make it a powerful tool for both beginners and advanced traders to deeply analyze the Bitcoin futures market.
#Use Cases
1. Analyzing Trader Sentiment
- Compare net positions of various trader types (Dealer, Asset Manager, Commercials, etc.) to understand market sentiment.
2. Identifying Trend Reversals
- Detect early signs of trend reversals from sudden increases or decreases in long and short positions.
3. Utilizing Open Interest
- Monitor the overall trading volume represented by open interest to evaluate entry points or changes in volatility.
4. Tracking Position Structures
- Compare positions of leveraged funds and asset managers to analyze risk-on or risk-off environments.
#Key Features
1. Report Type Selection
- Financial (Financial Traders)
- Legacy (Legacy Report)
- Open Interest
- Force All (Display all data)
2. Position Direction Selection
- Long
- Short
- Net
3. Visualization of Major Trader Types
- Financial Traders: Dealer, Asset Manager, Leveraged Funds, Other Reportable
- Legacy: Commercials, Non-Commercials, Small Speculators
4. Open Interest Visualization
- Monitor the total open positions in the market.
5. Flexible Customization
- Toggle individual trader types on and off.
- Intuitive settings with tooltips for better usability.
#How to Use
1. Add the indicator to your chart and click the settings icon in the top-right corner.
2. Select the desired report type in the "Report Type" field.
3. Choose the position direction (Long/Short/Net) in the "Direction" field.
4. Toggle the visibility of trader types as needed.
#Notes
- Data is provided by the CFTC and is updated weekly. It is not real-time.
- Changes to the settings may take a few seconds to reflect.
5x Volume indicator - Day Trading5x Volume Screener - Day Trading
Version: 6.0
Description:
This indicator is designed to identify significant volume spikes in crypto and stock markets,
specifically targeting instances where volume exceeds 5x the average of a 10-period Simple Moving Average (SMA) as the baseline.
Perfect for day traders and momentum traders looking for high-volume breakout opportunities.
Key Features:
Tracks real-time volume compared to 5-period moving average
Visual alerts through green histogram bars for 5x volume spikes
Dynamic volume ratio display showing exact multiple of average volume
Clear threshold line for quick reference
Optional labels showing precise volume ratios
Benefits:
Instantly spot unusual volume activity
Identify potential breakout opportunities
Validate price movements with volume confirmation
Perfect for day trading and scalping
Works across multiple timeframes
Best Used For:
Day trading setups
Breakout trading
Volume confirmation
Momentum trading
Market reversal identification
Created by: CigarSavant
Last Updated: December 2024
Multi VWAPThe Multi-VWAP Indicator is a versatile tool designed to plot up to three Volume Weighted Average Price (VWAP) lines simultaneously, each anchored to a user-defined period. This indicator provides traders with a comprehensive view of price action across multiple timeframes, making it ideal for analyzing trends, support, and resistance levels.
Key Features:
Multiple Anchoring Options:
Each VWAP can be independently anchored to one of the following periods:
Session: Resets at the start of each trading day.
Week: Resets at the start of each week.
Month: Resets at the start of each month.
Quarter: Resets at the start of each quarter.
Year: Resets at the start of each year.
User Customization:
Choose the anchoring period for each VWAP line via dropdown menus.
Assign distinct colors to each VWAP for better visual differentiation.
Dynamic Price Source:
The VWAP calculation is based on the average price (hlc3) by default but can be modified by the user to use other price inputs.
Clear Visualization:
Displays three separate VWAP lines simultaneously, helping traders identify confluences or divergences in price action across timeframes.
Use Cases:
Intraday Trading: Use session-anchored VWAP to track intraday trends and mean reversion points.
Swing Trading: Combine weekly and monthly VWAPs to identify longer-term support and resistance levels.
Multi-Timeframe Analysis: Visualize how price interacts with VWAPs from different periods to spot key zones of interest.
This indicator is a powerful tool for traders who want to incorporate VWAP into their strategies while maintaining flexibility to adapt to various market conditions.
Three Step Future-Trend [BigBeluga]Three Step Future-Trend by BigBeluga is a forward-looking trend analysis tool designed to project potential future price direction based on historical periods. This indicator aggregates data from three consecutive periods, using price averages and delta volume analysis to forecast trend movement and visualize it on the chart with a projected trend line and volume metrics.
🔵 Key Features:
Three Period Analysis: Calculates price averages and delta volumes from three specified periods, creating a consolidated view of historical price movement.
Future Trend Line Projection: Plots a forward trend line based on the calculated averag of three periods, helping traders visualize potential future price movement.
Avg Delta Volume and Future Price Label: Shows a delta average Volume a long with a Future Price label at the end of the projected trend line, indicating the possible future delta volume and future Price.
Volume Data Table: Displays a detailed table showing delta and total volume for each of the three periods, allowing quick volume comparison to support the projected trend.
This indicator provides a dynamic way to anticipate market direction by blending price and volume data, giving traders insights into both volume and trend strength in upcoming periods.
Numerical Volume with Bullish/Bearish Color CodingDescription: This indicator visually represents trading volume with color-coded lines to distinguish between bullish and bearish market conditions. The volume line is colored green for bullish periods (when the closing price is higher than the opening price), red for bearish periods (when the closing price is lower than the opening price), and gray for neutral periods (when the open and close prices are equal). The volume can be displayed with labels at specified intervals, offering a quick reference to the exact volume for each period. This tool helps to analyze volume trends in relation to price action, providing an easy-to-read overview of market sentiment.
BTC/USDT Volume-Based StrategyOverview
There is a distinct difference between the buying pressure exerted by individual investors and the buying pressure of institutional or "whale" traders. Monitoring volume data over a shorter period of time is crucial to distinguish these subtle differences. When whale investors or other significant market players signal price increases, volume often surges noticeably. Indeed, volume often acts as an important leading indicator in market dynamics.
Key Features
This metric, calibrated with a 5-minute Bitcoin spot chart, identifies a significant inflow of trading volume. For every K-plus surge in trading volume, those candles are shown in a green circle.
When a green circle appears, consider active long positions in subsequent declines and continue to accumulate long positions despite temporary price declines. Pay attention to the continuity of the increase in volume before locking in earnings even after the initial bullish wave.
Conversely, it may be wise to reevaluate the long position if the volume is not increasing in parallel and the price is rising. Under these conditions, starting a partial short position may be advantageous until a larger surge in volume reappears.
COIN/BTC Volume-Weighted DivergenceThe COIN/BTC Volume-Weighted Divergence indicator identifies buy and sell signals by analyzing deviations between Coinbase and Bitcoin prices relative to their respective VWAPs (Volume-Weighted Average Price). This method isolates points of potential trend reversals, overextensions, or relative mispricing based on volume-adjusted price benchmarks.
The indicator leverages Coinbase’s high beta relative to Bitcoin in bull markets. A buy signal occurs when Coinbase is below VWAP (indicating undervaluation) while Bitcoin is above VWAP (signaling strong broader momentum). A sell signal is generated when Coinbase trades above VWAP (indicating overvaluation) while Bitcoin moves below VWAP (indicating weakening momentum).
This divergence logic enables traders to identify misalignment between Bitcoin-driven market trends and Coinbase’s price behavior. The indicator effectively identifies undervalued entry points and signals exits before speculative extensions are correct. It provides a systematic approach to trading during trending conditions, aligning decisions with volume-weighted price dynamics and inter-asset relationships.
How It Works
1. VWAP:
“fair value” benchmark combining price and volume.
• Above VWAP: Bullish momentum.
• Below VWAP: Bearish momentum.
2. Divergence:
• Coinbase Divergence: close - coin_vwap (distance from COIN’s VWAP).
• Bitcoin Divergence: btc_price - btc_vwap (distance from BTC’s VWAP).
3. Signals:
• Buy: Coinbase is below VWAP (potentially oversold), and Bitcoin is above VWAP (broader bullish trend).
• Sell: Coinbase is above VWAP (potentially overbought), and Bitcoin is below VWAP (broader bearish trend).
4. Visualization:
• Green triangle: Buy signal.
• Red triangle: Sell signal.
Strengths
• Combines price and volume for reliable insights.
• Highlights potential trend reversals or overextensions.
• Exploits correlations between Coinbase and Bitcoin.
Limitations
• Struggles in sideways markets.
• Sensitive to volume spikes, which may distort VWAP.
• Ineffective in strong trends where divergence persists.
Improvements
1. Z-Scores: Use statistical thresholds (e.g., ±2 std dev) for stronger signals.
2. Volume Filter: Generate signals only during high-volume periods.
3. Momentum Confirmation: Combine with RSI or MACD for better reliability.
4. Multi-Timeframe VWAP: Use intraday, daily, and weekly VWAPs for deeper analysis.
Complementary Tools
• Momentum Indicators: RSI, MACD for trend validation.
• Volume-Based Metrics: OBV, cumulative delta volume.
• Support/Resistance Levels: Enhance reversal accuracy.
Strength of Divergence Across Multiple Indicators (+CMF&VWMACD)Modified Version of Strength of Divergence Across Multiple Indicators by reees
Purpose:
This Pine Script indicator is designed to identify and evaluate the strength of bullish and bearish divergences across multiple technical indicators. Divergences occur when the price of an asset is moving in one direction while a technical indicator is moving in the opposite direction, potentially signaling a trend reversal.
Key Features:
1. Multiple Indicator Support: The script now analyzes divergences for the following indicators:
* RSI (Relative Strength Index)
* OBV (On-Balance Volume)
* MACD (Moving Average Convergence/Divergence)
* STOCH (Stochastic Oscillator)
* CCI (Commodity Channel Index)
* MFI (Money Flow Index)
* AO (Awesome Oscillator)
* CMF (Chaikin Money Flow) - Newly added
* VWMACD (Volume-Weighted MACD) - Newly added
2. Customizable Divergence Parameters:
* Bullish/Bearish: Enable or disable the detection of bullish and bearish divergences independently.
* Regular/Hidden: Detect both regular and hidden divergences (hidden divergences can indicate trend continuation).
* Broken Trendline Exclusion: Optionally ignore divergences where the trendline connecting price pivots is broken by an intermediate pivot.
* Pivot Lookback Periods: Adjust the number of bars used to identify valid pivot highs and lows for divergence calculations.
* Weighting: Assign different weights to regular vs. hidden divergences and to the relative change in price vs. the indicator.
3. Indicator-Specific Settings:
* Weight: Each indicator can be assigned a weight, influencing its contribution to the overall divergence strength calculation.
* Extreme Value: Define a threshold above which an indicator's divergence is considered "extreme," giving it a higher strength rating.
4. Divergence Strength Calculation:
* For each indicator, the script calculates a divergence "degree" based on the magnitude of the divergence and the user-defined weightings.
* The total divergence strength is the sum of the individual indicator divergence degrees.
* Strength is categorized as "Extreme," "Very strong," "Strong," "Moderate," "Weak," or "Very weak."
5. Visualization:
* Divergence Lines: The script draws lines on the chart connecting the price and indicator pivots that form a divergence (optional, with customizable transparency).
* Labels: Labels display the total divergence strength and a breakdown of each indicator's contribution. The size and visibility of labels are based on the strength.
6. Alerts:
* The script can generate alerts when the total divergence strength exceeds a user-defined threshold.
New Indicators (CMF and VWMACD):
* Chaikin Money Flow (CMF):
* Purpose: Measures the buying and selling pressure by analyzing the relationship between price, volume, and the accumulation/distribution line.
* Divergence: A bullish CMF divergence occurs when the price makes a lower low, but the CMF makes a higher low (suggesting increasing buying pressure). A bearish divergence is the opposite.
* Volume-Weighted MACD (VWMACD):
* Purpose: Similar to the standard MACD but uses volume-weighted moving averages instead of simple moving averages, giving more weight to periods with higher volume.
* Divergence: Divergences are interpreted similarly to the standard MACD, but the VWMACD can be more sensitive to volume changes.
How It Works (Simplified):
1. Pivot Detection: The script identifies pivot highs and lows in both price and the selected indicators using the specified lookback periods.
2. Divergence Check: For each indicator:
* It checks if a series of pivots in price and the indicator are diverging (e.g., price makes a lower low, but the indicator makes a higher low for a bullish divergence).
* It calculates the divergence degree based on the difference in price and indicator values, weightings, and whether it's a regular or hidden divergence.
3. Strength Aggregation: The script sums up the divergence degrees of all enabled indicators to get the total divergence strength.
4. Visualization and Alerts: It draws lines and labels on the chart to visualize the divergences and generates alerts if the total strength exceeds the set threshold.
Benefits:
* Comprehensive Divergence Analysis: By considering multiple indicators, the script provides a more robust assessment of potential trend reversals.
* Customization: The many adjustable parameters allow traders to fine-tune the script to their specific trading style and preferences.
* Objective Strength Evaluation: The divergence strength calculation and categorization offer a more objective way to evaluate the significance of divergences.
* Early Warning System: Divergences can often precede significant price movements, making this script a valuable tool for anticipating potential trend changes.
* Volume Confirmation: The inclusion of CMF and VWMACD add volume-based confirmation to the divergence signals, potentially increasing their reliability.
Limitations:
* Lagging Indicators: Most of the indicators used are lagging, meaning they are based on past price data. Divergences may sometimes occur after a significant price move has already begun.
* False Signals: No indicator is perfect, and divergences can sometimes produce false signals, especially in choppy or ranging markets.
* Subjectivity: While the script aims for objectivity, some settings (like weightings and extreme values) still involve a degree of subjective judgment.
VWAP Trend with Standard Deviation & MidlinesThis indicator is a sophisticated VWAP (Volume Weighted Average Price) tool with multiple features:
Core Functionality:
1. Calculates a primary VWAP line that changes color based on trend direction (green when rising, red when falling)
2. Creates multiple standard deviation bands around the VWAP at customizable distances
3. Resets calculations at either:
- New York session start time (configurable, default 9:30 AM)
- Daily start time
- Can be hidden on daily/weekly/monthly timeframes if desired
Band Structure:
- Band 1 (innermost): ±1 standard deviation
- Band 2 (middle): ±2 standard deviations
- Band 3 (outermost): ±3 standard deviations
- Midlines at 0.5σ intervals between bands
- All bands can be individually enabled/disabled
Customization Options:
1. Band calculation modes:
- Standard Deviation based
- Percentage based
2. Visual settings:
- Customizable colors for all elements
- Adjustable line widths
- Optional labels with configurable size
- Optional extension lines
- Label position adjustment
3. Source data selection (default: HLC3 - High, Low, Close average)
Common Uses:
- Identifying potential support/resistance levels
- Measuring price volatility
- Spotting mean reversion opportunities
- Trading range analysis
- Trend direction confirmation
The indicator essentially creates a dynamic support/resistance structure that adapts to market volatility and volume, making it useful for both intraday and swing trading strategies.
Dollar Volume DivergenceOverview
The Dollar Volume Profile and Divergence Indicator is a comprehensive tool designed to analyze both standard volume and dollar volume activity in the market. It visualizes dollar volume (calculated as close * volume) and highlights divergences between dollar volume and standard volume, providing insights into underlying market dynamics that aren't immediately visible with traditional volume analysis.
Key Features
Dollar Volume Profile:
Plots dollar volume as a histogram.
Highlights high-dollar volume bars in green (indicating significant trading activity).
Includes an optional average dollar volume line to show trends over time.
Volume-Divergence Analysis:
Calculates the difference (divergence) between dollar volume and standard volume.
Displays positive divergence (dollar volume > standard volume) in green and negative divergence (dollar volume < standard volume) in red.
Supports both histogram and boolean point visualization for divergence, offering flexibility in how the data is displayed.
Customizable Visualization:
Users can toggle between a Histogram or Boolean Points for divergence visualization.
Option to enable or disable the dollar volume profile and its average line.
Adjustable length parameter to fine-tune sensitivity for averages and divergences.
Use Cases
Volume Confirmation: Analyze whether dollar volume aligns with standard volume to confirm strong price movements.
Divergence Detection: Identify areas where dollar volume and standard volume deviate, which may signal potential reversals or exhaustion in a trend.
Market Strength Analysis: Assess the intensity of trading activity at specific price levels to determine key areas of interest.
How It Works
Dollar Volume Calculation:
Dollar volume is derived by multiplying the close price by the volume for each bar.
A moving average of dollar volume is used to determine relative activity levels.
Divergence Calculation:
The script calculates the difference between dollar volume and standard volume.
Positive values indicate that dollar volume exceeds standard volume, suggesting institutional or larger-scale trades.
Negative values highlight areas of lower dollar volume compared to standard volume.
Visualization:
The Dollar Volume Profile is displayed as a histogram, with high-dollar volume bars highlighted.
Divergences are overlaid as either a histogram or triangle markers, depending on user preference.
Average lines (optional) provide smoother trends for both dollar volume and divergence.
Customization Options
Length: Adjusts the period for moving average calculations.
Plot Style: Choose between Histogram or Boolean Points for divergence visualization.
Toggle Visibility: Enable or disable the Dollar Volume Profile and its average line for a cleaner chart.
Why Use This Indicator?
This indicator bridges the gap between traditional volume analysis and dollar volume analysis, offering deeper insights into market behavior. By combining these metrics, traders can detect nuanced patterns, validate trends, and identify divergences that may signal market turning points or continuation.
Best Practices
Use this indicator in conjunction with price action and other technical indicators for confirmation.
Look for divergences in high-dollar volume areas to detect potential trend reversals.
Analyze the interaction between the dollar volume profile and divergence histogram for a comprehensive view of market activity.
Important Notice:
Trading financial markets involves significant risk and may not be suitable for all investors. The use of technical indicators like this one does not guarantee profitable results. This indicator should not be used as a standalone analysis tool. It is essential to combine it with other forms of analysis, such as fundamental analysis, risk management strategies, and awareness of current market conditions. Always conduct thorough research or consult with a qualified financial advisor before making trading decisions. Past performance is not indicative of future results.
Disclaimer:
Trading financial instruments involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. This indicator is provided for informational and educational purposes only and should not be considered investment advice. Always conduct your own research and consult with a licensed financial professional before making any trading decisions.
Note: The effectiveness of any technical indicator can vary based on market conditions and individual trading styles. It's crucial to test indicators thoroughly using historical data and possibly paper trading before applying them in live trading scenarios.
squeeze candles with volume Function :
This indicator was designed to detect specific candles called “squeeze”. These candles are characterized by a relatively small body (the difference between the opening and closing price) and long shadows (the distance between the high and low prices), accompanied by significant volume. They often indicate a period of increased volatility or a potential trend reversal.
Use :
Visual detection:
Candles identified as "squeeze" are highlighted in red on the chart.
An “S” icon appears above each detected squeeze candle.
Alerts:
The indicator emits an audible and visual alert when a squeeze candle with high volume is detected (if alerts are enabled).
Market analysis:
This indicator is particularly useful for identifying trading opportunities during periods when the market is showing signs of compression or impending volatility.
Customizable settings:
Minimum volume: Defines the threshold at which the volume is considered high.
Maximum body/shadow ratio: Allows you to adjust the sensitivity to detect squeeze candles (the lower the ratio, the smaller the detected candles will have in relation to their shadows).
Benefits :
Provides accurate alerts on key market candles.
Helps anticipate large movements through analysis of volume and candle characteristics.
Adaptable to different strategies thanks to adjustable parameters.
Ideal for:
Traders who want to identify areas of potential volatility or reversal signals in the market, regardless of the asset or time frame used.
Rolling VWAP with Optional Kalman FilterThis script provides an advanced and customizable Rolling VWAP (Volume-Weighted Average Price) indicator, designed for traders who want to refine their trend analysis and improve decision-making. With a unique option to apply a Kalman Filter, you can smooth out VWAP values to reduce noise in volatile markets, making it easier to identify actionable trends.
Key Features:
Dynamic Rolling VWAP:
Choose the rolling window size (number of bars) to match your trading style, whether you’re an intraday scalper or a swing trader.
Kalman Filter Toggle:
Enable the Kalman filter to smooth VWAP values and eliminate market noise.
Adjustable Kalman Gain to control the level of smoothing, making it suitable for both fast and slow markets.
Price Source Flexibility:
Use the Typical Price ((H+L+C)/3) or the Close Price as the basis for VWAP calculation.
Visual Enhancements:
Background shading highlights whether the price is above (bullish) or below (bearish) the VWAP, helping traders make quick visual assessments.
A legend dynamically updates the current VWAP value.
Dual View Option:
Compare the raw Rolling VWAP and the Kalman-filtered VWAP when the filter is enabled, giving you deeper insight into market trends.
Use Cases:
Intraday Traders: Identify key price levels for re-entry or exits using a short rolling window and responsive filtering.
Swing Traders: Analyze broader trends with a longer rolling window and smoother VWAP output.
Volatile Markets: Use the Kalman filter to reduce noise and avoid false signals during high market volatility.
How to Use:
Adjust the Rolling Window to set the number of bars for VWAP calculation.
Toggle Kalman Filter on/off depending on your preference for raw or smoothed VWAP values.
Fine-tune the Kalman Gain for the desired level of smoothing.
Use the shading to quickly assess whether the price is trading above or below the VWAP for potential entry/exit signals.
[blackcat] L1 Abnormal Volume Monitor█ OVERVIEW
The script is an indicator designed to monitor abnormal volume patterns in the market. It calculates and plots moving average volumes, identifies triple volume bars, and detects potential large order entries based on specific conditions.
█ FEATURES
• Input Parameters: The script defines parameters M1, M2, and lbk which control the calculation of moving averages and the lookback period for detecting abnormal volume.
• Calculations: The script calculates two moving averages of volume (MAVOL1 and MAVOL2), a smoothed price level (mm), and identifies conditions for triple volume bars and large order entries.
• Plotting: The script plots volume histograms for up and down bars, moving average volumes, and highlights triple volume bars with and without large order entries.
• Conditional Statements: The script uses conditional statements to determine when to plot certain data points and labels based on the calculated conditions.
█ LOGICAL FRAMEWORK
• xfl(cond, lbk): This function checks if a condition (cond) has been true within a specified lookback period (lbk). It returns true if the condition has been met and false otherwise.
• Parameters: cond (condition to check), lbk (lookback period).
• Return Value: outb (boolean indicating if the condition was met within the lookback period).
• abnormal_vol_monitor(close, open, high, low, volume, M1, M2, lbk): This function calculates moving average volumes, identifies triple volume bars, and detects large order entries.
• Parameters: close, open, high, low, volume (price and volume data), M1, M2 (periods for moving averages), lbk (lookback period).
• Return Value: A tuple containing MAVOL1, MAVOL2, xa (large order entry condition), and tripleVolume (triple volume condition).
█ KEY POINTS AND TECHNIQUES
• Moving Averages: The script uses simple moving averages (sma) and exponential moving averages (ema) to smooth volume data.
• Volume Analysis: The script identifies triple volume bars and large order entries based on specific conditions, such as volume doubling and price increases.
• Lookback Period: The xfl function uses a lookback period to ensure the accuracy of the detected conditions.
• Plotting Techniques: The script uses different plot styles and colors to distinguish between up bars, down bars, moving averages, and abnormal volume patterns.
█ EXTENDED KNOWLEDGE AND APPLICATIONS
• Modifications: The script could be modified to include additional conditions for detecting other types of abnormal volume patterns or to adjust the sensitivity of the detection.
• Extensions: Similar techniques could be applied to other financial instruments or timeframes to identify unusual trading activity.
• Related Concepts: The script utilizes concepts such as moving averages, exponential moving averages, and conditional plotting, which are fundamental in Pine Script and technical analysis.
OBV + Custom MA StrategyFor a long time, the use of the OBV indicator has been relatively monotonous, with its expression and content lacking diversity. Therefore, I'm considering trying new ways of representation.
This "OBV + Custom MA Strategy" indicator combines the On-Balance Volume (OBV) with customizable moving averages (SMA, EMA, or WMA) to provide advanced insights into market trends. The indicator calculates OBV manually and overlays two moving averages: a short-term and a long-term MA. Key features include:
OBV plotted alongside short-term and long-term moving averages for better trend visualization.
Signals generated when OBV crosses the short-term MA or when the short-term MA crosses the long-term MA.
Alerts for bullish and bearish crossovers to help identify potential buy or sell opportunities.
This indicator is suitable for traders looking to incorporate volume dynamics into their strategy while customizing their moving average type and periods.
中文说明
此“OBV + 自定义均线策略”指标结合了成交量指标OBV与可定制的移动均线（SMA、EMA或WMA），为市场趋势分析提供了更多的视角。该指标手动计算OBV，并叠加短期与长期均线，主要特点包括：
绘制OBV以及短期和长期均线，以更清晰地观察趋势。
当OBV上穿/下穿短期均线或短期均线上穿/下穿长期均线时，生成买卖信号。
提供多种看涨和看跌信号的警报，帮助识别潜在的买入或卖出机会。
此指标适合希望将成交量动态纳入策略的交易者，并支持自定义均线类型和周期以满足个性化需求。
Volume Spike DetectorVolume Spike Detector
This script is designed to identify significant spikes in trading volume and visually represent them on the chart. It calculates the 20-period simple moving average (SMA) of the trading volume and multiplies it by a user-defined threshold to determine the spike threshold. When the current volume exceeds this threshold, the script detects and highlights a volume spike.
Key Features:
Dynamic Spike Threshold:
The script calculates the spike threshold dynamically based on the average trading volume. Users can customize the threshold multiplier using an input setting.
Example: A threshold multiplier of 2.0 means the current volume must be twice the 20-period SMA to trigger a detection.
Visual Representation:
The current volume is plotted in blue bars.
The spike threshold is plotted as a red line, making it easy to visually identify when the volume crosses the threshold.
Alert Notification:
When a volume spike is detected, an alert is triggered to notify the user.
This feature is useful for real-time monitoring and spotting potential trading opportunities.
Use Case:
Traders can use this tool to identify sudden increases in trading activity, which may indicate a significant market move or event. It’s suitable for all markets, including cryptocurrencies, stocks, and forex.
Scatter PlotThe Price Volume Scatter Plot publication aims to provide intrabar detail as a Scatter Plot .
🔶 USAGE
A dot is drawn at every intrabar close price and its corresponding volume , as can seen in the following example:
Price is placed against the white y-axis, where volume is represented on the orange x-axis.
🔹 More detail
A Scatter Plot can be beneficial because it shows more detail compared with a Volume Profile (seen at the right of the Scatter Plot).
The Scatter Plot is accompanied by a "Line of Best Fit" (linear regression line) to help identify the underlying direction, which can be helpful in interpretation/evaluation.
It can be set as a screener by putting multiple layouts together.
🔹 Easier Interpretation
Instead of analysing the 1-minute chart together with volume, this can be visualised in the Scatter Plot, giving a straightforward and easy-to-interpret image of intrabar volume per price level.
One of the scatter plot's advantages is that volumes at the same price level are added to each other.
A dot on the scatter plot represents the cumulated amount of volume at that particular price level, regardless of whether the price closed one or more times at that price level.
Depending on the setting "Direction" , which sets the direction of the Volume-axis, users can hoover to see the corresponding price/volume.
🔹 Highest Intrabar Volume Values
Users can display up to 5 last maximum intrabar volume values, together with the intrabar timeframe (Res)
🔹 Practical Examples
When we divide the recent bar into three parts, the following can be noticed:
Price spends most of its time in the upper part, with relative medium-low volume, since the intrabar close prices are mostly situated in the upper left quadrant.
Price spends a shorter time in the middle part, with relative medium-low volume.
Price moved rarely below 61800 (the lowest part), but it was associated with high volume. None of the intrabar close prices reached the lowest area, and the price bounced back.
In the following example, the latest weekly candle shows a rejection of the 45.8 - 48.5K area, with the highest volume at the 45.8K level.
The next three successive candles show a declining maximum intrabar volume, after which the price broke through the 45.8K area.
🔹 Visual Options
There are many visual options available.
🔹 Change Direction
The Scatter Plot can be set in 4 different directions.
🔶 NOTES
🔹 Notes
The script uses the maximum available resources to draw the price/volume dots, which are 500 boxes and 500 labels. When the population size exceeds 1000, a warning is provided ( Not all data is shown ); otherwise, only the population size is displayed.
The Scatter Plot ideally needs a chart which contains at least 100 bars. When it contains less, a warning will be shown: bars < 100, not all data is shown
🔹 LTF Settings
When 'Auto' is enabled ( Settings , LTF ), the LTF will be the nearest possible x times smaller TF than the current TF. When 'Premium' is disabled, the minimum TF will always be 1 minute to ensure TradingView plans lower than Premium don't get an error.
Examples with current Daily TF (when Premium is enabled):
500 : 3 minute LTF
1500 (default): 1 minute LTF
5000: 30 seconds LTF (1 minute if Premium is disabled)
🔶 SETTINGS
Direction: Direction of Volume-axis; Left, Right, Up or Down
🔹 LTF
LTF: LTF setting
Auto + multiple: Adjusts the initial set LTF
Premium: Enable when your TradingView plan is Premium or higher
🔹 Character
Character: Style of Price/Volume dot
Fade: Increasing this number fades dots at lower price/volume
Color
🔹 Linear Regression
Toggle (enable/disable), color, linestyle
Center Cross: Toggle, color
🔹 Background Color
Fade: Increasing this number fades the background color near lower values
Volume: Background color that intensifies as the volume value on the volume-axis increases
Price: Background color that intensifies as the price value on the price-axis increases
🔹 Labels
Size: Size of price/volume labels
Volume: Color for volume labels/axis
Price: Color for price labels/axis
Display Population Size: Show the population size + warning if it exceeds 1000
🔹 Dashboard
Location: Location of dashboard
Size: Text size
Display LTF: Display the intrabar Lower Timeframe used
Highest IB volume: Display up to 5 previous highest Intrabar Volume values
