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Price Volume Trend [sgbpulse]1. Introduction: What is Price Volume Trend (PVT)? The Price Volume Trend (PVT) indicator is a powerful technical analysis tool designed to measure buying and selling pressure in the market based on price changes relative to trading volume. Unlike other indicators that focus solely on volume or price, PVT combines both components to provide a more comprehensive picture of trend strength. How is it Calculated? The PVT is calculated by adding or subtracting a proportional part of the daily volume from a cumulative total. When the closing price rises, a proportional part of the daily volume (based on the percentage price change) is added to the previous PVT value. When the closing price falls, a proportional part of the daily volume is subtracted from the previous PVT value. If there is no change in price, the PVT value remains unchanged. The result of this calculation is a cumulative line that rises when buying pressure is strong and falls when selling pressure dominates. 2. Why PVT? Comparison to Similar Indicators While other indicators measure volume-price pressure, PVT offers a unique advantage: PVT vs. On-Balance Volume (OBV): OBV simply adds or subtracts the entire day's volume based on the closing direction (up/down), regardless of the magnitude of the price change. This means a 0.1% price change is treated the same as a 10% change. PVT, on the other hand, gives proportional weight to volume based on the percentage price change. A trading day with a large price increase and high volume will impact the PVT significantly more than a small price increase with the same volume. This makes PVT more sensitive to trend strength and changes within it. PVT vs. Accumulation/Distribution Line (A/D Line): The A/D Line focuses on the relationship between the closing price and the bar's trading range (Close Location Value) and multiplies it by volume. It indicates whether the pressure is buying or selling within a single bar. PVT focuses on the change between closing prices of consecutive bars, multiplying this by volume. It better reflects the flow of money into or out of an asset over time. By combining volume with percentage price change, PVT provides deeper insights into trend confirmation, identifying divergences between price and volume, and spotting signs of weakness or strength in the current trend. 3. Indicator Settings (Inputs) The "Price Volume Trend " indicator offers great flexibility for customization to your specific needs through the following settings: Moving Average Type: Allows you to select the type of moving average used for the central line on the PVT. Your choice here will affect the line's responsiveness to PVT movements. - "None" : No moving average will be displayed on the PVT. - "SMA" (Simple Moving Average): A simple average, smoother, ideal for identifying longer-term trends in PVT. - "SMA + Bollinger Bands": This unique option not only displays a Simple Moving Average but also activates the Bollinger Bands around the PVT. This is the recommended option for analyzing volatility and ranges using Bollinger Bands. - "EMA" (Exponential Moving Average): An exponential average, giving more weight to recent data, responding faster to changes in PVT. - "SMMA (RMA)" (Smoothed Moving Average): A smoothed average, providing extra smoothing, less sensitive to noise. - "WMA" (Weighted Moving Average): A weighted average, giving progressively more weight to recent data, responding very quickly to changes in PVT. Moving Average Length: Defines the number of bars used to calculate the moving average (and, if applicable, the standard deviation for the Bollinger Bands). A lower value will make the line more responsive, while a higher value will smooth it out. PVT BB StdDev (Bollinger Bands Standard Deviation): Determines the width of the Bollinger Bands. A higher value will result in wider bands, making it less likely for the PVT to cross them. The standard value is 2.0. 4. Visual Aid: Current PVT Level Line This indicator includes a unique and highly useful visual feature: a dynamic horizontal line displayed on the PVT graph. Purpose: This line marks the exact level of the PVT on the most recent trading bar. It extends across the entire chart, allowing for a quick and intuitive comparison of the current level to past levels. Why is it Important? - Identifying Divergences: Often, an asset's price may be lower or higher than past levels, but the PVT level might be different. This auxiliary line makes it easy to spot situations where PVT is at a higher level when the price is lower, or vice-versa, which can signal potential trend changes (e.g., higher PVT than in the past while price is low could indicate strong accumulation). - Quick Direction Indication: The line's color changes dynamically: it will be green if the PVT value on the last bar has increased (or remained the same) relative to the previous bar (indicating positive buying pressure), and red if the PVT value has decreased relative to the previous bar (indicating selling pressure). This provides an immediate visual cue about the direction of the cumulative momentum. 5. Important Note: Trading Risk This indicator is intended for educational and informational purposes only and does not constitute investment advice or a recommendation for trading in any form whatsoever. Trading in financial markets involves significant risk of capital loss. It is important to remember that past performance is not indicative of future results. All trading decisions are your sole responsibility. Never trade with money you cannot afford to lose.
Indicatore Pine Script®
di sgbpulse
MTF FVGs [Fadi x MMT]The MTF FVGs indicator is a powerful tool for identifying and visualizing Fair Value Gaps (FVGs) across multiple timeframes on TradingView. It provides traders with customizable options to display bullish and bearish FVGs, control their appearance, and manage mitigated gaps, making it ideal for price action and imbalance-based trading strategies. Features Multi-Timeframe Support : Analyzes FVGs on up to seven timeframes, including an auto-adjusted timeframe and user-defined periods (e.g., 5m, 15m, 1H, 4H, 1D, 1W). Customizable Display : Toggle visibility of FVG open, close, central equilibrium (C.E.), and connecting lines with adjustable styles (solid, dashed, dotted) and sizes. Background Fill : Option to fill FVG areas with customizable transparency for better visualization. Mitigation Settings : Show or hide mitigated FVGs with configurable mitigation criteria (e.g., touched, wick-filled, body-filled) and extend mitigated lines. Labeling Options : Display labels for timeframes, FVG types (BISI/SIBI), and levels (open, close, C.E.) with customizable colors and sizes. Proximity Filtering : Hide FVGs outside a specified price range based on daily or monthly ATR for cleaner charts. Timeframe Filtering : Hide lower or current timeframe FVGs to focus on higher timeframe imbalances. Performance Optimization : Limits the number of displayed FVGs and supports up to 5000 bars back, 500 lines, labels, and boxes. Settings Higher Timeframe (HTF) FVG Settings Show/Hide : Enable or disable FVGs for each timeframe. Timeframe Selection : Choose specific timeframes (e.g., 5m, 15m, 1H, 4H, 1D, 1W) or use auto-selection based on the current chart. Colors : Set bullish (default: green) and bearish (default: red) FVG colors. Max Count : Limit the number of FVGs displayed per timeframe (default: 5). Display Settings Open/Close Lines : Toggle visibility, style (solid, dashed, dotted), and size (1-4) for FVG boundaries. Central Equilibrium (C.E.) : Show/hide the midpoint line with customizable style, size, and colors (default: white with transparency). Link Line : Display a connecting line between FVG boundaries with adjustable style and size. Background Transparency : Enable/disable fill between FVG boundaries with adjustable transparency (50%-98%). Mitigation Settings Show Mitigated FVGs : Toggle visibility of mitigated gaps. Mitigation Type : Choose criteria for mitigation (None, Touched, Wick Filled, Body Filled, Wick Filled Half, Body Filled Half). Mitigated Colors : Set colors for mitigated bullish and bearish FVGs (default: gray with transparency). Extend Mitigated Lines : Extend mitigated FVG lines by a specified number of bars (default: 5). Labeling Settings Label Display : Toggle labels for FVGs with customizable color, background color, and size (tiny, small, normal, large, huge). Label Levels : Show labels for open, close, or C.E. levels. Label Content : Include timeframe, FVG type (BISI/SIBI), or level information in labels. Advanced Settings Proximity Filter : Hide FVGs outside a price range based on daily ATR (adjustable factor: 1-10). Label Combine Factor : Control label visibility to avoid clutter (default: 1.0). ATR Range : Set the number of candles for ATR calculation (default: 10). Line Extension : Extend FVG lines by a set number of bars (default: 4) or based on price range conditions. Timeframe Spacing : Adjust spacing between FVGs from different timeframes (default: 4 bars). How to Use Add the indicator to your TradingView chart. Configure the desired timeframes and settings via the indicator's input menu. Analyze FVGs to identify potential support/resistance zones or imbalance areas for trading decisions. Use mitigation settings to track filled gaps and proximity filters to focus on relevant price levels.
Indicatore Pine Script®
di isthattyler
ADR % RangesThis indicator is designed to visually represent percentage lines from the open of the day. The % amount is determined by X amount of the last days to create an average...or Average Daily Range (ADR). 1. ADR Percentage Lines: The core function of the script is to apply lines to the chart that represent specific percentage changes from the daily open. It first calculates the average over X amount of days and then displays two lines that are 1/3rd of that average. One line goes above the other line goes below. The other two lines are the full "range" of the average. These lines can act as boundaries or targets to know how an asset has moved recently. *Past performance is not indicative of current or future results. The calculation for ADR is: Step 1. Calculate Today's Range = DailyHigh - DailyLow Step 2. Store this average after the day has completed Step 3. Sum all day's ranges Step 4. Divide by total number of days Step 5. Draw on chart 2. Customizable Inputs: Users have the flexibility to customize the script through various inputs. This includes the option to display lines only for the current trading day (`todayonly`), and to select which lines are displayed. The user can also opt to show a table the displays the total range of previous days and the average range of those previous days. 3. No Secondary Timeframe: The ADR is computed based on whatever timeframe the chart is and does not reference secondary periods. Therefore the script cannot be used on charts greater than daily. This script is can be used by all traders for any market. The trader might have to adjust the "X" number of days back to compute a historical average. Maybe they only want to know the average over the past week (5 days) or maybe the past month (20 days).
Indicatore Pine Script®
di GoodGains
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