Volume Profile [LuxAlgo]Displays the estimate of a volume profile, with the option to show a rolling POC (point of control). Users can change the lookback, row size, and various visual aspects of the volume profile.
Settings
Basic:
Lookback: Number of most recent bars to use for the calculation of the volume profile
Row Size: Determines the number of rows used for the calculation of the volume profile
Show Rolling POC: Determines whether to display the rolling POC of the volume profile
Style:
Width (% of the box): Determines the length of the bars relative to the Lookback value
Bar Width: Width of each bar
Flip Histogram: Flips the histogram, when enabled, the histogram base will be located at the most recent candle
Gradient: Allows to color the volume profile bars with a gradient, with a color intensity determined by the length of each bar
Rows Solid Color: Color of each bar when 'Gradient' is disabled
POC Solid Color: Color of the POC when 'Gradient' is disabled
Usage
It is very common to display volume over time in order to visualize the trading activity made over a specific candle, however this is not the only way to display volume and it can be interesting to put it in relation with the price, which is what volume profiles do.
Volume profiles are displayed as price relative histograms showing the accumulated volume within certain price areas, the number of areas are determined by the row size of the volume profile. Knowing which price's area accumulated the most volume allow highlighting areas of interest to market participants.
Most accumulated volume will be encountered in zones of equilibrium between buyers and sellers; that is zones of local price stationarity. These zones are highlighted by high volume nodes in the volume profile. Imbalance between buyers and sellers are highlighted by thinner zones of the volume profile.
The price level with the most accumulated volume is highlighted by the "point of control" (POC), displayed by the dotted line in the indicator.
The POC is often considered an important level, commonly used as support/resistance by traders. One can verify the accuracy of this use case by using the rolling POC (assuming one would use the POC over time as SR).
Indicator Limitations
Volume profiles are calculated using tick data, which is not the case of this estimate, as such you won't have an accurate representation of an actual volume profile.
The rolling POC can introduce time outs in the script computation, use lower lookback and row size value to display it.
Cerca negli script per "imbalance"
Price Action - Support & Resistance by DGTSᴜᴘᴘᴏʀᴛ ᴀɴᴅ Rᴇꜱɪꜱᴛᴀɴᴄᴇ , is undoubtedly one of the key concepts of technical analysis
█ Sᴜᴘᴘᴏʀᴛ ᴀɴᴅ Rᴇꜱɪꜱᴛᴀɴᴄᴇ Dᴇꜰɪɴɪᴛɪᴏɴ
Support and Resistance terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an financial instrument from getting pushed in a certain direction.
A support level is a price level where buyers are more aggressive than sellers. This means that the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level it is likely to continue falling until meeting another support level.
A resistance level is the opposite of a support level. It is where the price tends to find resistance as it rises. Again, this means that the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level it is likely to continue rising until meeting another resistance level.
A previous support level will sometimes become a resistance level when the price attempts to move back up, and conversely, a resistance level will become a support level as the price temporarily falls back.
█ Iᴅᴇɴᴛɪꜰʏɪɴɢ Sᴜᴘᴘᴏʀᴛ ᴀɴᴅ Rᴇꜱɪꜱᴛᴀɴᴄᴇ
Support and resistance can come in various forms, and the concept is more difficult to master than it first appears. Identification of key support and resistance levels is an essential ingredient to successful technical analysis.
If the price stalls and reverses in the same price area on minimum of two different occasions, then a horizontal line is drawn to show that the market is struggling to move past that area. Those areas are static barriers, one of the most popular forms of support/resistance and are highlighted with horizontal lines.
Repeated test , the more often a support/resistance level is "tested" over an extended period of time (touched and bounced off by price), the more significance is given to that specific level
High volume , the more buying and selling that has occurred at a particular price level, the stronger the support or resistance level is likely to be
Market psychology , plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement.
Psychological levels , is a price level that significantly affects the price of an underlying financial instrument. Typically, near round numbers often serve as support and resistance
The following support and resistance related topics are beyond the scope of this study, so they will be mentioned roughly only as a reference for support and resistance concept
Trendlines , Support and resistance levels in trends are dynamic. Throughout an uptrend, levels of support tend to look like a trendline, usually clustering around higher lows. As the price rises, the price where buyers consider the stock to be “too cheap” also changes, which creates new support levels on the way up. The same is also true for resistance levels. In an uptrend, a stock is continuously breaking through perceived resistance levels and making new highs
Moving Averages , is a constantly changing line that smooths out past price data while also allowing the trader to identify support and resistance. In the example Notice how the price of the asset finds support at the moving average when the trend is up, and how it acts as resistance when the trend is down
The Fibonacci Retracement/Extension tool , is a favorite among many short-term traders because it clearly identifies levels of potential support and resistance
Pivot Point Calculations , is another common technical analysis technique, where pivot point is calculated based on the high, low, and closing prices of previous trading session/day and support & resistance levels are projected based on the pivot point, different calculation techniques are available, as presented in this example of an pivot point indicator : PVTvX by DGT
█ Tʀᴀᴅɪɴɢ Bᴀꜱᴇᴅ ᴏɴ Sᴜᴘᴘᴏʀᴛ ᴀɴᴅ Rᴇꜱɪꜱᴛᴀɴᴄᴇ
Once an area or "zone" of support or resistance has been identified, those price levels can serve as potential entry or exit points because, as a price reaches a point of support or resistance, it will do one of two things—bounce back away from the support or resistance level (trading ranges), or violate the price level and continue in its direction (trading breakouts) —until it hits the next support or resistance level
The basic trading method for using support and resistance is to buy near support in uptrends or the parts of ranges or chart patterns where prices are moving up and to sell/sell short near resistance in downtrends or the parts of ranges and chart patterns where prices are moving down. Buying near support or selling near resistance can pay off, but there is no assurance that the support or resistance will hold. Therefore, consider waiting for some confirmation that the market is still respecting that area
Trading breakouts, a breakout is a potential trading opportunity that occurs when an asset's price moves above a resistance level or moves below a support level on increasing volume. The first step in trading breakouts is to identify current price trend patterns along with support and resistance levels in order to plan possible entry and exit points. Once the asset trades beyond the price barrier, volatility tends to increase and prices usually trend in the breakout's direction. Breakouts are such an important trading strategy since these setups are the starting point for future volatility increases, large price swings and, in many circumstances, major price trends. When trading breakouts, it is important to consider the underlying asset's support and resistance levels. The more times an asset price has touched these areas, the more valid these levels are and the more important they become. At the same time, the longer these support and resistance levels have been in play, the better the outcome when the asset price finally breaks out. Asset prices will often move slightly further than we expect them to. This doesn't happen all the time, but when it does it is called a false breakout. Therefore it is important to consider waiting for some confirmation while trading breakouts. It’s also popular for traders to sell 50% of their positions at the resistance level, and hold the rest in anticipation of a breakout above resistance
█ Pʀɪᴄᴇ Aᴄᴛɪᴏɴ - Sᴜᴘᴘᴏʀᴛ & Rᴇꜱɪꜱᴛᴀɴᴄᴇ ʙʏ DGT Sᴛᴜᴅʏ
This experimental study attempts to identify the support and resistance levels. Assumes a simple logic to discover moments where the price is rising or falling consecutively for minimum 3 bars with the condition volume increases on each bar and the last bar’s volume should be bigger than the long term volume moving average. A line will be drawn at the end of the move (highest or lowest, depending on the move direction), the line will be drawn at minimum on the 3rd bar and if condition holds for other consecutive bars the line will switch to 4th, 5th etc bar.
Lines will not be deleted so the historical ones will remain and will emphasis the levels significance when they overlap in feature. Strong levels are more likely to hold and cause the price to move in the other direction, whereas the minor levels may only cause the price to pause and keep moving in the same direction. Determining future levels of support and resistance can drastically improve the returns of a short-term investing strategy
Bar colors will be painted based on the volume of the specific bar to its long term volume moving average. This will help identifying the support and resistance levels significance and emphasis the sings of breakouts
Finally, Volume spikes will be marked on top of the price chart. A high volume usually indicates more interest in the security and the presence of institutional traders. However, a rapidly rising price in an uptrend accompanied by a huge volume may be a sign of exhaustion. Traders usually look for breaks of support and resistance to enter positions. When security break critical levels without volume , you should consider the breakout suspect and prime for a reversal off the highs/lows. Volume spikes are often the result of news-driven events. Volume spike will often lead to sharp reversals since the moves are unsustainable due to the imbalance of supply and demand
A good example with many support and resistance concepts observed on a stock chart and detected by the study
Settings:
Length of volume moving average, where volume moving average is used to detect support and resistance levels, is used as reference to compare with threshold values for volume spikes and colors of the bars
Hint, to get more historical lines scrolling chart to left will enable visualization of them. Please note they may appear to much all 500 line limit is used 😉
Special thanks to @HEMANT Telegram user, for his observations and suggestions
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
CSM Slope Changes [FB]The script highlighted in this chart is what I call the slope changes of the CSM trigger lines,. The trigger lines refer to a special non-lagging moving average derived off currency indices that will act as the potential signal to enter into positions if the rest of conditions as part of the CSM strategy agree. The script acts as an inflection point when an imbalance of flows in currency indices are expected based on the slope of the CSM trigger lines.
When the signal occurs, an area will be colored in green (long) or red (short), depending on the trade direction, of the quality of the signal is sudden in nature. If the slope change doesn't not happy in synchronicity but there is a delay of 1 candle in either index, the color of the signal will be in blue (long) or orange (short).
Neglected Volume by DGTVolume is one piece of information that is often neglected, however, learning to interpret volume brings many advantages and could be of tremendous help when it comes to analyzing the markets. In addition to technicians, fundamental investors also take notice of the numbers of shares traded for a given security.
What is Volume?
The volume represents all the recorded trades for a security that occurs in a given time interval. It is a measurement of the participation, enthusiasm, and interest in a given security. Think of volume as the force that drives the market. Volume substantiates, energizes, and empowers price. When volume increases, it confirms price direction; when volume decreases, it contradicts price direction.
In theory, increases in volume generally precede significant price movements. However, If the price is rising in an uptrend but the volume is reducing or unchanged, it may show that there’s little interest in the security, and the price may reverse.
A high volume usually indicates more interest in the security and the presence of institutional traders. However, a rapidly rising price in an uptrend accompanied by a huge volume may be a sign of exhaustion.
Traders usually look for breaks of support and resistance to enter positions. When security break critical levels without volume, you should consider the breakout suspect and prime for a reversal off the highs/lows
Volume spikes are often the result of news-driven events. Volume spike will often lead to sharp reversals since the moves are unsustainable due to the imbalance of supply and demand
note : there’s no centralized exchange where trades are recorded, so the volume data represents what happens at a particular exchange only
In most charting platforms, the volume indicator is presented as color-coded bars, green if the security closes up and red if the security closed lower, where the height of the bars show the amount of the recorded trades
Within this study, Relative Volume , Volume Weighted Bars and Volume Moving Average are presented, where Relative Volume relates current trading volume to past trading volume over long period, Volume Weighted Bars presents price bars colored based on short period past trading volume average, and Volume Moving Average is average of volume over shot period
Relative Volume is presented as color-coded bars similar to regular Volume indicator but uses four color codes instead two. Notable increases of volume are presented in green and red while average values with back and gray, hence adding ability to emphasis notable increases in the volume. It is kind of a like a radar for how "in-play" a security is. Users are allowed to change the threshold, default value is set to Fibonacci golden ration standard deviation away from its moving average.
Volume Weighted Bars, a study of Kıvanç Özbilgiç, aims to present if price movements are supported by Volume. Volume Weighted Bars are calculated based on shot period volume moving average which will reflect more recent changes in volume. Price actions with high volume will be displayed with darker colors, average volume values will remain as they are and low volume values will be indicated with lighter colors.
Volume Moving Average, Is short period volume moving average, aims to display visually the volume changes. Please not that Relative Volume bars are calculated based on standard deviation of long volume moving average.
What Else?
Apart from the volume itself, your ability to assess what volume is telling you in conjunction with price action can be a key factor in your ability to turn a profit in the market. It makes little sense to analyze the volume alone. To correctly interpret the volume data, it shall be seen in the light of what the price is doing. there are a lot of other indicators that are based on the volume data as well as price action. Analysing those volume indicators has always helped traders and investors to better understand what is happening in the market.
Here are the ones adapted with this study. Some of them used as a source for our aim, some adapted as they are with slight changes to fit visually to this study and please note that the numerical presentation may differ from their regular use
• On Balance Volume
• Divergence Indicator
• Correlation Coefficient
• Chaikin Money Flow
Shortly;
On Balance Volume
The On Balance Volume indicator, is a technical analysis indicator that relates volume flow to changes in a security’s price. It uses a cumulative total of positive and negative trading volume to predict the direction of price. The OBV is a volume-based momentum oscillator, so it is a leading indicator — it changes direction before the price
Granville, creator of OBV, proposed the theory that changes in volume precede price movements in a measurable way. He believed that volume was the main force behind major market moves and thought of OBV’s prediction of price changes as a compressed spring that expands rapidly when released.
It is believed that the OBV shows the interactions between the institutional and retail traders in the market
If the price makes a new high, the OBV should also make a new high. If the OBV makes a lower high when the price makes a higher high, there’s a classical bearish divergence — indicating that only the retail traders are buying. Another type of bearish divergence occurs when the price remains relatively quiet and fails to make a higher high but the OBV soars higher than the previous high — indicating that the institutional traders are accumulating short positions. On the other hand, if the price makes a lower low and the OBV makes a higher low, there is a classical bullish divergence, showing that the institutional traders don’t believe in that move
With this study, Momentum and Acceleration (optional) of OBV is calculated and presented, where momentum is most commonly referred to as a rate and measures the acceleration of the price and/or volume of a security. It is also referred to as a technical analysis indicator and oscillator that is able to determine market trends.
Additionally, smoothing functionality with Least Squares Method is added
Divergences especially, should always be noted as a possible reversal in the current trend, so the divergence indicator is adapted with this study where the Momentum of OBV is assumed as Oscillator with similar usages as to RSI. Divergence is most often used to track and analyze the momentum in an asset’s price and the odds of a price reversal within the current trend. The divergence indicator warns traders and technical analysts of changes in a price/volume trend, oftentimes that it is weakening or changing direction.
Correlation Coefficient
The correlation coefficient is a statistical measure of the strength of the relationship between the relative movements of two variables. A correlation of -1.0 shows a perfect negative correlation, while a correlation of 1.0 shows a perfect positive correlation. A correlation of 0.0 shows no linear relationship between the movement of the two variables. In other words, the closer the Correlation Coefficient is to 1.0, indicates the instruments will move up and down together as it is mostly expected with volume and price. So the Correlation Coefficient Indicator aims to display when the price and volume (on balance volume) is in correlation and when not. With this study blue represent positive correlation while orange negative correlation. The strength of the correlation is determined by the width of the bands, to emphasis the effect horizontal lines are drawn with values set to 0.5 and -0.5. the values above 0.5 (or below -0.5) shows stronger correlation.
Chaikin Money Flow , provide optionally as a companion indicator
The Chaikin money flow indicator (CMF) is a volume indicator that measures the money flow volume over a chosen period. The money flow volume is a measure of the volume and where the price closed relative to the trading session’s range. It comes from the idea that buying pressure is indicated by a rising volume and recurrent closes in the upper part of the session’s price range while selling pressure is demonstrated by an increasing volume and repeated closes in the lower part of the price range.
Both buying and selling pressures are accompanied by an increase in volume, but the location of the closing prices are in accordance with the direction of price
Special thanks to @InvestCHK and @hjsjshs , who have enormously contributed while preparing this study
related studies:
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Trendgap strategyPrice action pattern with gap, imbalance and pivot. Simply used with volume profile. Calculating luqidity, volume on bar, price action patter.
MightyFine Time blocks - EquitiesThis is a session timing indicator designed to show you certain times that the NYSE trades in. The bands represent:
Pre-Market Queue
NYSE Early Trading
NYSE Core Trading Session
Closing Auction Imbalance Freeze period
(optional) NYSE Afterhours until Asian session open
EulerMethod: CryptoCapEN
Shows the cryptocurrency market capitalization balance for the period
Initial data
Bitcoin Capitalization - CRYPTOCAP: BTC
Altcoin Capitalization - CRYPTOCAP: TOTAL2
Money circulates from fiat to bitcoin, from bitcoin to altcoins, from altcoins to fiat
This indicator applies the RSI algorithm to changes in capitalization
The divergence of indices shows an imbalance
Balance level: 0, Maximum: +100, Minimum: -100
(!) Artifacts of indicator readings may occur due to incorrect input data
RU
Показывает баланс капитализации крипторынка за период
Исходные данные
Капитализация Биткоина — CRYPTOCAP:BTC
Капитализация Альткоинов — CRYPTOCAP:TOTAL2
Деньги циркулируют из фиата в биткоин, из биткоина в альткоины, из альткоинов в фиат
В этом индикаторе применяется алгоритм RSI к изменениям капитализации
Расхождения индексов показывают дисбаланс
Балансовый уровень: 0, Максимум: +100, Минимум: -100
(!) Могут возникать артефакты показаний индикатора из-за неправильных исходных данных
Novice Hedge Trigger SetupDear Investor / Trader,
Novice Hedge Trigger is a flag to identify the change in trend.
I have coded the flag in such a way when there is a pin bar (The flag is triggered when there is a imbalance between the buyers and sellers) sort of candle it triggers.
BT - Buy Trend
ST - Sell Trend
Its a trade setup indicator which contains Pivot , EMA and Trigger.
Suggested Time frame: 15 Min for Nifty , Bank Nifty and Stock
Buy Opportunity:
When there is a formation of BT flag in a down fall of the underlying near or on the S1, S2, S3 or S4
Stop loss should be the low of the BT candle
Sell Opportunity:
When there is a formation of BT flag in an up move of the underlying near or on the R1, R2, R3 or R4
Stop loss should be the high of the ST candle
High POP Setup:
One can take trades based on the flag when there is a correlation with Pivot ,Camarilla, near higher period MA.
Note: We have added the SMA, EMA, Pivot, Camarilla for better usage of the script.
Swing Trade Pros - RSI BandsThe STP RSI Bands is a very accurate probability trading indicator that identifies the best risk reward areas. The green zone identifies areas where demand overwhelms supply causing the price to rise. The red zone identifies areas where supply overwhelms demand causing the price to fall. When the price exceeds these zones it creates an extreme imbalance in price that professional traders wait for before taking a position.
Demand and Supply Candles-openThis Script helps you identify the basing and explosive candles which can be used for Supply and Demand Analysis methodology
Blue Candle represents the Boring Candles ==> Demand and Supply is in balance
Black Candle represents the Exciting Candles ==> imbalance between Demand and Supply
If you are looking for automatic indicator for demand and supply zones, you will have to tradingview home page and in search bar drop down select people and in searchbox "ConfidentSelfTrader", then select SCRIPTS, then click on "Demand and Supply Zones indicator", scroll down and add it as your Favorite Scripts, then you can use "Demand and Supply Zones indicator" for free....
APEX - Bollinger Bands %BBollinger Bands %B is essentially BB Range it is an indicator derived from the standard Bollinger Bands. Bollinger Bands are a volatility indicator that creates a band of three lines which are plotted on the screen.
Bollinger Bands %B works the same as other momentum oscillators, it is best to look for short-term oversold in this case a volatility imbalance between upper and lower volatility. You are looking for values that are near 0 or negative.
Compared to other momentum Oscillators the %B is slightly less responsive than CCI but it does provide more signals than RSI / STOCH and STOCHRSI.
SD85 My Special MACD v2Hello and welcome to SD85!
Happy holiday and happy new year. As a gift, I want to give people a stable tool to help us trade successfully.
If I do help us trade, please consider to donate to our paypal account, I would really apprectiated: ZonnieAdvertising@gmail.com
Here is an updated version of our special MACD, version 2. The sole purpose of this indicator is to track the movement and momentum of any market or any instrument. This is an important concept to keep in mind. This is built as an oscullator so also keep this in mind for the 80,20 levels for overbought and oversold respectively. This special MACD has three values: the current trend, mid trend, and higher trend and a fill from 45 to 55 that tracks the value of mid and high trend: higher trend is greater than mid trend, it's green; higher trend is lesser than mid trend, it's red.
Most important concept for this indicator: The current trend and mid trend will always want to get back with the higher trend; therefore, always keep track of the higher trend and trade accordingly.
It's important to trade with sound money management( trade with a maximum of 2% of your balance) and with a higher time frame (minimum of 4-hour chart). With that being said, it is safer to trade with the higher trend. Although, it is also many times, rewarding to try to catch the beginning of a reversal/trend change.
We will discuss different ways to trade from safest to riskiest as follow:
Safe trading:
Buy - higher trend should be at 100, with both current trend and mid-trend near zero. Middle fill color should be green. Check for divergence and enter buy when current-trend begins to rise with mid-trend or when current trend crosses over mid-trend. Buy example below:
photos.google.com
Sell - higher trend should be at 0, with both current trend and mid-trend near 100. Middle fill color should be red. Check for divergence and enter sell when current-trend begins to descend with mid-trend or when current trend crosses under mid-trend. Sell example below:
photos.google.com
Tip: For the fill color between current trend and mid-trend, the skinnier it is, the stronger the movement; vice versa, the fatter it is, the weaker the move or the higher the chance it reverses. Also, again, check for divergence!
Simple and think free trades:
Buy when the middle bar is green and current trend crosses over mid-trend below 10 and exit when it crosses under or gets to 100.
Sell when the middle bar is red and current-trend crosses under mid-trend above 90 and exit when it crosses over or reaches to 0.
Tip: When you see they cross, check for Divergence before pulling the trigger for added peace of mind (it is one of the main concepts of MACD - Moving Average Convergence Divergence). If you don't know, make sure to research and learn more about it.
Counter Trend Trade:
As much as current-trend and mid-trend love to come back to higher-trend, when they get together, they reject each other.
The only time you can counter-trend is when all three values are at or near 100 or at or near 0 and current trend breaks away. Check for divergence and then enter, exit when it reaches the opposite side. Obviously, this is a lot more risky trade but it is often rewarding. If you chose to go this route, I need to repeat: check for DIVERGENCE with any of the trend value, any divergence would suffice to trade. Counter-trend example below:
photos.google.com
Final tip: always be patient and check for divergence because market often has an imbalance before it reverses.
Final words: This is important to worth mentioning again, especially for beginner people: Use a maximum of 2% of your balance. Don't be greedy and you will blow your account. I use this method without stop loss because there are stop-loss hunter brokers out there. Just be safe. Use this money management system and you will see your account grow very fast. Trade only one trade at a time.
Please consider this indicator as educational purposes. All trades are risky and have the potential to lose all and more than you have in the account. Trade with care.
With that, again, happy holiday and a happy new year 2019. If I do help us trade, please consider to donate to our Paypal account, I would really appreciated: ZonnieAdvertising@gmail.com
Hope 2019 brings you prosperity, wealth and health. Many pips to you and yours!
SD85
