Volume, Volatility, and Momentum Metrics Indicator

26 giu 2024

Volume, Volatility, and Momentum Metrics Indicator

Welcome to our comprehensive TradingView indicator designed to provide traders with essential volume, volatility, and momentum metrics. This powerful tool is ideal for traders looking to enhance their market analysis by visualizing key indicators in a concise and easy-to-read format.

Key Features

1. Volume Metrics:
• Daily Dollar Volume: Understand the monetary value of the traded volume each day.
• Relative Volume (RVOL) Day: Compare the current volume to the previous day’s volume to gauge trading activity.
• Relative Volume (RVOL) 30D: Assess the average trading volume over the past 30 days.
• Relative Volume (RVOL) 90D: Evaluate the average trading volume over the past 90 days.
2. Volatility and Momentum Metrics:
• Average Daily Range (ADR) %: Measure the average daily price range as a percentage of the current price.
• Average True Range (ATR): Track the volatility by calculating the average true range over a specified period.
• Relative Strength Index (RSI): Determine the momentum by analyzing the speed and change of price movements.
3. Customizable Table Positions:
• Place the volume metrics table and the volatility/momentum metrics table in the bottom-left or bottom-right corners of your chart for optimal visibility and convenience.

Why Use This Indicator?

• Enhanced Market Analysis: Quickly assess volume trends, volatility, and momentum to make informed trading decisions.
• User-Friendly Interface: The clear and concise tables provide at-a-glance information without cluttering your chart.
• Customization Options: Choose where to display the tables to suit your trading style and preferences.

How It Works

This indicator uses advanced calculations to provide real-time data on trading volume, price range, and momentum. By displaying this information in separate, neatly organized tables, traders can easily monitor these critical metrics without diverting their focus from the main chart.

Who Can Benefit?

• Day Traders: Quickly gauge intraday trading activity and volatility.
• Swing Traders: Analyze longer-term volume trends and momentum to identify potential trade setups.
• Technical Analysts: Utilize comprehensive metrics to enhance technical analysis and trading strategies.

Get Started

To add this powerful indicator to your TradingView chart, simply search for “Volume, Volatility, and Momentum Metrics” in the TradingView public library, or use the provided link to add it directly to your chart. Enhance your trading analysis and make more informed decisions with our comprehensive TradingView indicator.

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Note di rilascio

This indicator is designed to create a customizable metrics dashboard on a TradingView chart, displaying key metrics related to price action, volume, and volatility. The dashboard consists of two tables, which show different metrics based on user inputs.

Key Features:
Volume Metrics:

Displays the daily volume (VOL D).
Shows the dollar volume and its change ($ VOL, $ VOL CHG).
Calculates and shows the relative volume for the day (RVOL D) and for the past 90 days (RVOL 90D).
Price and Volatility Metrics:

ADR (Average Daily Range) calculated over a customizable period (14 or 20).
ATR (Average True Range) for assessing price volatility.
RSI (Relative Strength Index) to gauge market conditions.
The percentage change in the QQQ ETF to provide broader market context.
Customizable Layout:

Users can choose the position of the tables on the chart (bottom-left or bottom-right).
The script allows toggling the visibility of each metric (e.g., whether to show volume, dollar volume, ADR, etc.).
Table background color and text color can be customized.
Color Coding:

Text color is determined based on the value of the metric (positive values are green, negative values are red, and neutral values are displayed in the chosen text color).
Volume change is color-coded based on whether the close price is up or down, indicating whether the trend is bullish or bearish.
Functionality:

The script calculates the necessary data on each bar and updates the tables accordingly.
The tables update with real-time values such as volume, dollar volume, relative volume, ATR, RSI, and others.

Keywords:

Metrics dashboard
Volume analysis
Dollar volume
Relative volume
ATR (Average True Range)
RSI (Relative Strength Index)
ADR (Average Daily Range)
QQQ ETF percentage change
Volatility metrics
Price action analysis
Volume change
Technical analysis tools

Overall, this script serves as a versatile tool for traders who want to monitor various technical indicators directly on the chart, offering clear insights into market dynamics and price action.