Volume EfficiencyThis indicator displays each candle's volume in an enhanced visual form, combining the amount of volume with the efficiency of the price movement.
Each volume bar changes its color intensity based on:
Higher efficiency (large price movement with low volume) → stronger color.
Lower efficiency (high volume with little price movement) → weaker color.
Additionally:
Green: Bullish candles (close > open).
Red: Bearish candles (close < open).
The color reflects not only the volume but also how "easily" the price moved.
The efficiency calculation is based on the actual body movement of the candle (abs(close - open)) divided by the total volume, dynamically adjusted to the maximum efficiency over the last N candles (configurable).
Interpretation:
Intensely green or red volume bars: clean and efficient movements (low resistance).
Pale bars: market absorption or indecision (high volume but little price movement).
Configurable parameter:
Efficiency period: number of candles used to normalise the maximum efficiency.
Cerca negli script per "volume"
Volume Intelligence Suite (VIS) v2📊 Volume Intelligence Suite – Smart Volume, Smart Trading
The Volume Intelligence Suite is a powerful, all-in-one TradingView indicator designed to give traders deeper insight into market activity by visualizing volume behavior with price action context. Whether you're a scalper, day trader, or swing trader, this tool helps uncover hidden momentum, institutional activity, and potential reversals with precision.
🔍 Key Features:
Dynamic Volume Zones – Highlights high and low volume areas to spot accumulation/distribution ranges.
Volume Spikes Detector – Automatically marks abnormal volume bars signaling potential breakout or trap setups.
Smart Delta Highlighting – Compares bullish vs bearish volume in real time to reveal buyer/seller strength shifts.
Session-Based Volume Profiling – Breaks volume into key trading sessions (e.g., London, New York) for clearer context.
Volume Heatmap Overlay – Optional heatmap to show intensity and velocity of volume flow per candle.
Custom Alerts – Built-in alerts for volume surges, divergences, and exhaustion signals.
Optimized for Kill Zone Analysis – Pairs perfectly with ICT-style session strategies and Waqar Asim’s trading methods.
🧠 Why Use Volume Intelligence?
Most traders overlook the story behind each candle. Volume Intelligence Suite helps you "see the why behind the move" — exposing key areas of interest where smart money may be active. Instead of reacting late, this tool puts you in position to anticipate.
Use it to:
Validate breakouts
Detect fakeouts and liquidity grabs
Confirm bias during kill zones
Analyze volume divergence with price swings
⚙️ Fully Customizable:
From volume thresholds to visual styles and session timings, everything is user-adjustable to fit your market, timeframe, and strategy.
✅ Best For:
ICT/Smart Money Concepts (SMC) traders
Breakout & reversal traders
Kill zone session scalpers
Institutional footprint followers
Volume-Price Momentum IndicatorVolume-Price Momentum Indicator (VPMI)
Overview
The Volume-Price Momentum Indicator (VPMI), developed by Kevin Svenson , is a powerful technical analysis tool designed to identify strong bullish and bearish momentum in price movements, driven by volume dynamics. By analyzing price changes and volume surges over a user-defined lookback period, VPMI highlights potential trend shifts and continuation patterns through a smoothed histogram, optional labels, and background highlights. Ideal for traders seeking to capture momentum-driven opportunities, VPMI is suitable for various markets, including stocks, forex, and cryptocurrencies.
How It Works
VPMI calculates the difference between volume-weighted buying and selling pressure based on price changes over a specified lookback period. It amplifies signals during high-volume periods, applies smoothing to reduce noise, and uses momentum checks to detect sustained trends.
Indicator display:
A histogram that oscillates above (bullish) or below (bearish) a zero line, with brighter colors indicating stronger momentum and faded colors for weaker signals.
Optional labels ("Bullish" or "Bearish") to mark significant momentum shifts.
Optional background highlights to visually emphasize strong trend conditions.
Alerts to notify users when strong bullish or bearish momentum is detected.
Key Features
Customizable Settings:
Adjust the lookback period, volume threshold, momentum length, and smoothing to suit your trading style.
Volume Sensitivity:
Emphasizes price movements during high-volume surges, enhancing signal reliability.
Momentum Detection: Uses linear regression and momentum change to confirm sustained trends, reducing false signals.
Visual Clarity:
Offers a clear histogram with color-coded signals, plus optional labels and backgrounds for enhanced chart readability.
Alerts:
Configurable alerts for strong momentum signals, enabling timely trade decisions.
Inputs and Customization
Lookback Period (Default: 9):
Sets the number of bars to analyze price changes. Higher values smooth signals but may lag.
Volume Threshold (Default: 1.4):
Defines the volume level (relative to a 20-period SMA) that qualifies as a surge, amplifying signals.
High Volume Multiplier (Default: 1.5):
Boosts histogram values during high-volume periods for stronger signals.
Histogram Smoothing Length (Default: 4):
Controls the EMA smoothing applied to the histogram, reducing noise.
Momentum Check Length (Default: 4):
Sets the period for momentum trend analysis (recommended to be less than Lookback Period).
Momentum Threshold (Default: 6):
Defines the minimum momentum change required for strong signals.
Show Labels (Default: Off):
Toggle to display "Bullish" or "Bearish" labels on significant momentum shifts.
Show Backgrounds (Default: Off):
Toggle to highlight chart backgrounds during strong momentum periods.
Bullish/Bearish Colors:
Customize colors for bullish (default: green) and bearish (default: red) signals.
Faded Transparency (Default: 40):
Adjusts the transparency of weaker signals for visual distinction.
How to Use
Interpret Signals:
Above Zero (Green):
Indicates bullish momentum. Bright green suggests strong, sustained buying pressure.
Below Zero (Red):
Indicates bearish momentum. Bright red suggests strong, sustained selling pressure.
Faded Colors:
Weaker momentum, potentially signaling consolidation or trend exhaustion.
Enable Visuals:
Turn on "Show Labels" and "Show Backgrounds" in the settings for additional context on strong momentum signals.
Set Alerts:
Use the built-in alert conditions ("Strong Bullish Momentum" or "Strong Bearish Momentum") to receive notifications when significant trends emerge.
Combine with Other Tools:
Pair VPMI with support/resistance levels, trendlines, or other indicators (e.g., RSI, MACD) for confirmation.
Best Practices
Timeframe:
VPMI works on all timeframes, but shorter timeframes (e.g., 5m, 15m) may produce more signals, while longer timeframes (e.g., 1h, 4h, 1D) offer higher reliability.
Market Conditions:
Most effective in trending markets. In choppy or sideways markets, consider increasing the smoothing length or momentum threshold to filter noise.
Risk Management:
Always use VPMI signals in conjunction with a robust trading plan, including stop-losses and position sizing.
Limitations
Lagging Nature:
As a momentum indicator, VPMI may lag in fast-moving markets due to smoothing and lookback calculations.
False Signals:
In low-volume or ranging markets, signals may be less reliable. Adjust the volume threshold or momentum settings to improve accuracy.
Customization Required:
Optimal settings vary by asset and timeframe. Experiment with inputs to align with your trading strategy.
Why Use VPMI?
VPMI offers a unique blend of volume and price momentum analysis, making it a versatile tool for traders seeking to identify high-probability trend opportunities. Its customizable inputs, clear visuals, and alert capabilities empower users to tailor the indicator to their needs, whether for day trading, swing trading, or long-term analysis.
Get Started
Apply VPMI to your chart, tweak the settings to match your trading style, and start exploring momentum-driven opportunities. For questions or feedback, consult TradingView’s community forums or documentation. Happy trading!
Volume and Volatility Ratio Indicator-WODI该指标名为“交易量与波动率比例指标-WODI”，主要基于交易量和价格波动率构造一个复合指数，帮助识别市场内可能存在的异常或转折信号。具体实现如下：
用户自定义参数
用户可以设置交易量均线长度（vol_length）、指数的短期与长期均线长度（index_short_length、index_long_length）、均线敏感度（index_magnification）、阈值放大因子（index_threshold_magnification）以及检测K线形态的区间（lookback_bars）。这些参数为后续计算提供了灵活性，允许用户根据不同市场环境自定义指标的敏感度和响应速度。
交易量均线与百分比计算
首先通过 ta.sma 计算指定长度的交易量简单均线（vol_ma）。
接下来，将当前交易量与均线进行比较，计算出当前交易量占均线的百分比（vol_percent），这反映了短期内交易量的相对活跃程度。
波动率的衡量
使用当前K线的最高价和最低价计算振幅，再除以收盘价乘以100得到波动率（volatility），从而反映市场价格波动的幅度。
构建交易量/波动率指数
将交易量百分比与波动率相乘，形成了“交易量/波动率指数”（volatility_index）。该指数能够同时反映市场的交易活跃度和价格波动性，两者的联合作用帮助捕捉市场的“热度”。
计算指标均线与阈值
对交易量/波动率指数分别计算短期均线（index_short_ma）和长期均线（index_long_ma），并通过乘以一个敏感度参数（index_magnification）进行调整。
同时，依据长期均线计算一个阈值（index_threshold），起到过滤噪音的作用。当指数突破该阈值时，可能预示着市场的重要变化。
K线形态与反转模式检测
通过遍历最近几根K线（由lookback_bars控制），指标会检测是否符合一系列预定条件（涉及交易量、价格振幅、K线形态等），以判断是否存在反转模式。若符合条件，则标记为反转模式，从而为潜在的转折点提供提示。
图表展示
最终在独立窗口中绘制多个元素：
指数短均线与长均线：经过敏感度调整后显示，用于分析指数趋势。
交易量/波动率指数：采用阶梯线风格绘制，直观展示指数变化。
阈值线：作为参考水平，便于判断指数是否突破常规范围。
交易量柱状图：当当前交易量高于均线时，通过不同颜色显示；当检测到反转模式时，颜色会进一步强化，帮助用户迅速识别潜在信号。
English Description
This indicator, titled “Volume and Volatility Ratio Indicator - WODI”, is designed to construct a composite index based on trading volume and price volatility, aiding in the identification of abnormal market conditions or potential reversal signals. Its functionality is broken down as follows:
User-Defined Parameters
The indicator allows users to set parameters such as the moving average length for volume (vol_length), the short and long moving average lengths for the index (index_short_length and index_long_length), a sensitivity multiplier (index_magnification), a threshold magnification factor (index_threshold_magnification), and the number of bars for pattern detection (lookback_bars). These parameters provide flexibility to adjust the sensitivity and responsiveness of the indicator based on different market conditions.
Volume Moving Average and Percentage Calculation
A simple moving average (SMA) of volume is computed over the specified length (vol_ma) using the ta.sma function.
The current volume is then compared to its moving average to calculate the volume percentage (vol_percent), reflecting the relative trading intensity in the short term.
Measuring Volatility
Volatility is calculated based on the current bar’s high and low prices, normalized by the closing price and multiplied by 100, which provides a measure of the market’s price fluctuation magnitude.
Constructing the Volume/Volatility Index
The index (volatility_index) is derived by multiplying the volume percentage by the calculated volatility. This composite metric reflects both market activity and price movement, effectively capturing the overall “heat” of the market.
Calculating the Index Moving Averages and Threshold
Two moving averages for the volatility_index are computed: one short-term (index_short_ma) and one long-term (index_long_ma). These are then adjusted by the sensitivity multiplier (index_magnification).
A threshold level (index_threshold) is calculated based on the long-term moving average multiplied by the threshold magnification factor, serving to filter out market noise. When the index exceeds this threshold, it may signal significant market shifts.
Detection of Reversal Patterns
The indicator iterates through the recent bars (as determined by lookback_bars) to check whether a set of predetermined conditions (involving trends in the volatility_index, volume comparisons, price closes, and K-line patterns) are met. If these conditions are satisfied, it flags a reversal pattern, which may serve as a warning for a potential market turnaround.
Visualization on the Chart
The final display includes several elements plotted in a separate indicator window:
The short-term and long-term moving averages of the index (after sensitivity adjustment) which help visualize the trend of the composite index.
The volatility index itself is drawn using a step-line style for clarity.
A threshold line is plotted to provide a reference level against which index movements can be compared.
A volume histogram is also displayed, where bars are colored differently when the current volume exceeds the moving average; the color is further enhanced if a reversal pattern is detected, making it easy for users to quickly spot potential signals.
Volume Aggregated Spot & FuturesAggregated volume for cryptos using spot and perpetual contracts but only those that are based on normal volume and not on tick volume.
Provides more reliable volume than volume from one provider.
Thanks to HALDRO because it's his code and I simplified it to create this version.
Volume Profile With HVN & LVN detectorVolume Profile Indicator
Based on the works of tradeforopp
Overview
The Volume Profile Indicator is a powerful technical analysis tool that visually represents the distribution of trading volume over price levels within a specified timeframe. It helps traders identify key support and resistance zones, high-volume trading areas, and low-volume rejection zones. The indicator includes customizable settings for Volume Point of Control (VPOC), High Volume Nodes (HVNs), and Low Volume Nodes (LVNs), making it a versatile tool for price action analysis and volume-based decision-making.
Key Features
🔹 Customizable Volume Profile
Adjustable number of rows to define the resolution of the volume profile.
Configurable timeframe aggregation for profile calculation (e.g., Daily, Weekly).
Selectable price resolution timeframe for precise profile construction.
Extendable volume profile for future sessions.
Fully customizable profile color and transparency settings.
🔹 Volume Point of Control (VPOC)
Displays the most traded price level within the selected timeframe.
Option to extend multiple VPOCs across the chart.
Adjustable VPOC line width and color customization.
Option to display VPOC labels when working with higher timeframe profiles.
🔹 High Volume Nodes (HVNs)
Identifies high-volume price levels where significant trading activity has occurred.
Configurable HVN strength to adjust detection sensitivity.
Two display modes:
Lines: Plots HVN levels as horizontal lines.
Areas: Highlights HVN regions with colored boxes.
Separate bullish and bearish HVN color settings.
🔹 Low Volume Nodes (LVNs)
Identifies low-volume price levels, which often act as rejection zones.
Configurable LVN strength to fine-tune detection.
Two display modes:
Lines: Marks LVN levels as horizontal lines.
Areas: Highlights LVN regions with shaded boxes.
Separate bullish and bearish LVN color settings.
🔹 Optimized for Performance
Efficient use of arrays for data storage and retrieval.
Global functions for HVN and LVN detection.
Uses security calls to access lower timeframe price and volume data.
Use Cases
✅ Identify Support & Resistance Levels
The indicator highlights key price levels where significant buying or selling interest exists.
✅ Detect Breakout & Reversal Zones
Low-volume areas (LVNs) often indicate price rejection zones, while high-volume areas (HVNs) suggest strong price acceptance zones.
✅ Improve Trade Entries & Exits
Traders can use the Volume Point of Control (VPOC) and volume clusters to refine entry and exit points.
✅ Enhance Price Action Strategies
By incorporating volume-based analysis, this indicator provides deeper market insights beyond traditional support/resistance and trendlines.
Customization & Settings
📌 Volume Profile Settings:
Rows: Defines the granularity of the volume profile.
Profile Timeframe: Specifies the aggregation period (e.g., Daily, Weekly).
Resolution Timeframe: Determines the price resolution for volume analysis.
Profile Extend %: Controls how much the profile extends into the next session.
📌 Volume Point of Control (VPOC):
Enable/Disable VPOC visualization.
Extend past VPOC levels to the right.
Display VPOC labels for higher timeframe profiles.
Adjustable VPOC line width and color.
📌 High Volume Nodes (HVNs):
Enable/Disable HVN detection.
Define HVN strength (volume threshold).
Choose between Line Mode or Area Mode.
Configure bullish and bearish HVN colors.
📌 Low Volume Nodes (LVNs):
Enable/Disable LVN detection.
Define LVN strength (volume threshold).
Choose between Line Mode or Area Mode.
Configure bullish and bearish LVN colors.
VOLUME DIRECTION INDICATORDesigned for the 1-hour chart, this indicator shows:
Green Line: Volume when price rises, suggesting buying.
Red Line: Volume when price falls, indicating selling.
How to Use:
Watch for Crossover: When the Green Line moves above the Red, it might signal a budding uptrend.
Check Retracement: If the Green Line pulls back but stays above the Red, the uptrend could be strengthening.
Price Check: Look for a small price drop but not a reversal.
Trade Entry:
Enter at the high of the retracement candle.
Or wait for the Green Line to rise again.
For Precision: Draw a line at the retracement peak and switch to a shorter timeframe to find entry patterns above this line.
Remember: Use this with other tools for better trading decisions.
The Volume Direction Indicator provides a visual representation of market activity by assuming volume can be attributed to buying or selling based on price action within each bar. When the price closes higher than it opened, the volume for that period is considered as 'Bought Shares', plotted in green. Conversely, if the price closes lower, the volume is treated as 'Sold Shares', shown in red. This indicator resets daily to give a fresh perspective on trading activity each day.
Key Features:
Buying Pressure: Green line represents the cumulative volume during periods where the price increased.
Selling Pressure: Red line indicates the cumulative volume during price decreases.
Daily Reset: Accumulated values reset at the start of each new trading day, focusing on daily market sentiment.
Note: This indicator simplifies market dynamics by linking volume directly to price changes. It does not account for complex trading scenarios like short selling or market manipulations. Use this indicator as a tool to gauge general market direction and activity, not for precise transaction data.
Volume CalendarDescription:
The indicator displays a calendar with Volume data for up to 6 last months. It is designed to work on any timeframe, but works best on Daily and below. It is also consistent in that it displays the same data even if you go to lower timeframes like 5 minutes (even though the data is used is Daily).
Features:
- displays volume data for last N months (volume, volume change, % of weekly, monthly and yearly volume)
- display total volume for each month
- display monthly sentiment
- find dates with volume spikes
Inputs:
- Number of months -> how many last months of data to display (from 1 to 6)
- Volume Type -> display only Bullish, only Bearish or all volume
- Cell color is based on -> Volume - the brighter the cell the higher volume was on that day; Volume Change - the brighter the cell the higher was the volume change that day; Volume Spike - the brighter the cell the higher was volume spike that day (volume spike is based on volume being above its average over last N candles)
- Cell color timeframe -> Weekly - the cell color is calculated comparing volume of that cell with weekly volume; Monthly - comparing volume with monthly volume
- Use volume for sentiment -> take the volume into account when calculating monthly sentiment (otherwise calculate it based on number of Bullish and Bearish days in the month)
- Spike Average Period -> period of the moving average used for spike calculation
- Spike Threshold -> current volume must be this many times greater than the average for it to be considered a spike
- Table Size -> size of the table
- Theme -> colouring of the table
Volume Spread Analysis [Ahmed]Greetings everyone,
I'm thrilled to present a Pine Script I've crafted for Volume Spread Analysis (VSA) Indicator. This tool is aimed at empowering you to make smarter trading choices by scrutinizing the volume spread across a specified interval.
The script delivers a comparative volume analysis, permitting you to fix the type and length of the moving average. It subsequently delineates the moving average (MA), MA augmented by 1 standard deviation (SD), and MA increased by 2 SD. You can fully personalize the color coding for these echelons.
Volume Spread Analysis is an analytical technique that scrutinizes candles and the volume per candle to predict price direction. It considers the volume per candle, the spread range, and the closing price.
To effectively leverage VSA, you need to adhere to a few steps:
1. Ensure you use candlesticks for trading. Other chart types like line, bar, and renko charts may not yield optimal results.
2. Confirm that your broker provides reliable volume data.
3. Be mindful of the chart's timeframe. Volume analysis may not be effective on very short timeframes such as a minute chart. I recommend using daily, weekly, or monthly charts.
Another tip is to examine the spread between the price bars and the volume bars to discern the trend.
The script not only makes it easier to integrate these principles into your trading but also brings precision and convenience to your analysis.
Please remember to adhere to Tradinview terms of service when using the script. Happy trading!
Volume as a Percent of Float by 3iauVolume as a Percent of Float
Plot the difference between current Chart Volume as a percent of Float/Outstanding and the moving average of the same.
Apply a multiplier to this value.
Plot the moving average of the difference between current Chart Volume as a percent of Float/Outstanding and the moving average of the same.
Volume [Entoryx]
Certainly! Here's a more concise description for the "Entoryx Volume" indicator, with less focus on the specifics of the order block bar detection:
The "Entoryx Volume" is a versatile technical indicator that analyzes the relationship between price ranges and volume over a user-defined number of bars. By calculating a delta between the highest high and lowest low, it offers insights into market momentum and direction.
Key features of this indicator include:
1) Current Value Plotting: A dynamic line plotted on the chart represents the current value, which reflects market trends. The color of the line changes to green for bullish conditions and red for bearish conditions, depending on its relationship with the Exponential Moving Average (EMA) of the close.
2) Color-Coded Regions: The area between the current value plot and a baseline zero line is filled with a corresponding color, providing a visual representation of market sentiment.
3) Boundary Lines: Horizontal lines at +10 and -10 serve as reference points to highlight significant market movements.
4) Order Block Bar Detection (Optional): An optional feature that places visual markers on the chart to signal potential reversals. This can be enabled or disabled by the user, according to preference.
The "Entoryx Volume" indicator is tailored for traders aiming to understand market momentum with a clear and visually intuitive display. It is suitable across various trading strategies and market conditions, with customization options to fit individual needs.
The source code for this indicator is subject to the terms of the Mozilla Public License 2.0.
Volume Bollinger BandsThis code draws a custom indicator named "Volume Bollinger Bands" on the price chart with the following visual elements:
1. **Basis Line (Blue)**: This line represents the moving average value (ma_value) of the volume data calculated based on the user-selected moving average type (SMA, EMA, or WMA) and length.
2. **Upper Bands (Green)**: The upper bands are calculated by adding a certain multiple of the standard deviation (dev1 to dev11) to the basis line. These bands represent a certain level of volume volatility above the moving average.
3. **Lower Bands (Red)**: The lower bands are calculated by subtracting a certain multiple of the standard deviation (dev1 to dev11) from the basis line. These bands represent a certain level of volume volatility below the moving average.
4. **Volume Line (Yellow)**: This line represents the volume data for the selected timeframe, plotted over the price chart.
The user can customize the following parameters:
- Average Length: The length of the moving average.
- Moving Average Type: The type of moving average to be used (SMA, EMA, or WMA).
- Timeframe: The timeframe used to calculate the volume data.
- Deviation 1 to Deviation 11: Multipliers for calculating the upper and lower bands.
The purpose of this indicator is to visually represent the relationship between volume volatility, moving average, and price movements. Traders can use it to analyze changes in volume trends and potential price breakouts or reversals when the volume moves beyond certain levels of standard deviations from the moving average.
Volume ValueWhen VelocityTitle: Volume ValueWhen Velocity Trading Strategy
▶ Introduction:
The " Volume ValueWhen Velocity " trading strategy is designed to generate long position signals based on various technical conditions, including volume thresholds, RSI (Relative Strength Index), and price action relative to the Simple Moving Average (SMA). The strategy aims to identify potential buy opportunities when specific criteria are met, helping traders capitalize on potential bullish movements.
▶ How to use and conditions
★ Important : Only on Spot Binance BINANCE:BTCUSDT
Name: Volume ValueWhen Velocity
Operating mode: Long on Spot BINANCE BINANCE:BTCUSDT
Timeframe: Only one hour
Market: Crypto
currency: Bitcoin only
Signal type: Medium or short term
Entry: All sections in the Technical Indicators and Conditions section must be saved to enter (This is explained below)
Exit: Based on loss limit and profit limit It is removed in the settings section
Backtesting:
⁃ Exchange: BINANCE BINANCE:BTCUSDT
⁃ Pair: BTCUSDT
⁃ Timeframe:1h
⁃ Fee: 0.1%
- Initial Capital: 1,000 USDT
- Position sizing: 500 usdt
-Trading Range: 2022-07-01 11:30 ___ 2023-07-21 14:30
▶ Strategy Settings and Parameters:
1. `strategy(title='Volume ValueWhen Velocity', ...`: Sets the strategy title, initial capital, default quantity type, default quantity value, commission value, and trading currency.
↬ Stop-Loss and Take-Profit Settings:
1. long_stoploss_value and long_stoploss_percentage : Define the stop-loss percentage for long positions.
2. long_takeprofit_value and long_takeprofit_percentage : Define the take-profit percentage for long positions.
↬ ValueWhen Occurrence Parameters:
1. occurrence_ValueWhen_1 and occurrence_ValueWhen_2 : Control the occurrences of value events.
2. `distance_value`: Specifies the minimum distance between occurrences of ValueWhen 1 and ValueWhen 2.
↬ RSI Settings:
1. rsi_over_sold and rsi_length : Define the oversold level and RSI length for RSI calculations.
↬ Volume Thresholds:
1. volume_threshold1 , volume_threshold2 , and volume_threshold3 : Set the volume thresholds for multiple volume conditions.
↬ ATR (Average True Range) Settings:
1. atr_small and atr_big : Specify the periods used to calculate the Average True Range.
▶ Date Range for Back-Testing:
1. start_date, end_date, start_month, end_month, start_year, and end_year : Define the date range for back-testing the strategy.
▶ Technical Indicators and Conditions:
1. rsi: Calculates the Relative Strength Index (RSI) based on the defined RSI length and the closing prices.
2. was_over_sold: Checks if the RSI was oversold in the last 10 bars.
3. getVolume and getVolume2 : Custom functions to retrieve volume data for specific bars.
4. firstCandleColor : Evaluates the color of the first candle based on different timeframes.
5. sma : Calculates the Simple Moving Average (SMA) of the closing price over 13 periods.
6. numCandles : Counts the number of candles since the close price crossed above the SMA.
7. atr1 : Checks if the ATR_small is less than ATR_big for the specified security and timeframe.
8. prevClose, prevCloseBarsAgo, and prevCloseChange : ValueWhen functions to calculate the change in the close price between specific occurrences.
9. atrval: A condition based on the ATR_value3.
▶ Buy Signal Condition:
Condition: A combination of multiple volume conditions.
buy_signal: The final buy signal condition that considers various technical conditions and their interactions.
▶ Long Strategy Execution:
1. The strategy will enter a long position (buy) when the buy_signal condition is met and within the specified date range.
2. A stop-loss and take-profit will be set for the long position to manage risk and potential profits.
▶ Conclusion:
The " Volume ValueWhen Velocity " trading strategy is designed to identify long position opportunities based on a combination of volume conditions, RSI, and price action. The strategy aims to capitalize on potential bullish movements and utilizes a stop-loss and take-profit mechanism to manage risk and optimize potential returns. Traders can use this strategy as a starting point for their own trading systems or further customize it to suit their preferences and risk appetite. It is crucial to thoroughly back-test and validate any trading strategy before deploying it in live markets.
↯ Disclaimer:
Risk Management is crucial, so adjust stop loss to your comfort level. A tight stop loss can help minimise potential losses. Use at your own risk.
How you or we can improve? Source code is open so share your ideas!
Leave a comment and smash the boost button!
Volume accumulation [TCS] | VTAThe indicator calculates buy and sell volume values for different look-back periods, based on the high, low, close, and tick volume data of the chart.
The calculated buy and sell volume values are stored in separate variables, which represent cumulative volume values over the respective look-back periods.
It's important to note that the code provided calculates the buy and sell volume values individually for each look-back period and after sum them.
It can be useful to understand who is in control of the market based on the look-back period.
For example if the price is decreasing but the volume in the past candle are bullish it means that the trend probably will turn.
Please note that this indicator is for educational purposes only and should not be used for trading without further testing and analysis.
Volume Flow OscillatorIntroducing the "Volume Flow Oscillator" indicator, a powerful and adaptable tool that incorporates the PeacefulIndicators library to analyze price movement strength and volume in the market. This indicator is designed to assist you in detecting potential opportunities and improving your trading analysis.
The Volume Flow Oscillator indicator offers the following features:
Adjustable input parameters, allowing you to modify the source (HLCC4 by default) and the short length to match your trading style and preferences.
A visually appealing display, with the Volume Flow Oscillator line in orange, a zero line in gray, and filled areas between the 70 and -70 levels in blue, making it easy to interpret the indicator's signals.
The core functionality of the Volume Flow Oscillator indicator is powered by the volume_flow_oscillator function from the PeacefulIndicators library, ensuring accurate and reliable results.
To start using the Volume Flow Oscillator indicator in your trading analysis, simply add the script to your chart and customize the input parameters as needed. We hope this script, built upon the PeacefulIndicators library, proves to be a valuable addition to your trading strategy.
Volume [theEccentricTrader]OVERVIEW
This indicator simply bridges the gap between symbols from brokers that provide volume data and symbols from brokers that do not provide volume data. Users can select any symbol that provides volume data from the settings menu and the volume data will be displayed in histogram form on their current chart. The default volume symbol is CURRENCYCOM:US500.
CONCEPTS
Volume
Volume refers to the total number of shares or contracts that are traded during a given period of time. It is a measure of the amount of activity in the market and can be used to gauge the strength or weakness of a particular trend.
Volume is typically displayed as a histogram on trading charts, with each bar representing the total volume for a particular time period. High volume bars indicate a lot of trading activity, while low volume bars indicate relatively little trading activity.
Traders use volume in a number of ways. For example, they may use it to confirm a trend. If a stock is trending up and the volume is also increasing, this can be seen as a sign that the trend is strong and likely to continue. Conversely, if a stock is trending down and the volume is also increasing, this can be seen as a sign that the trend is weak and may be coming to an end. Volume can similarly be used to identify potential reversals. If a stock is trending up but the volume starts to decrease, this could indicate that the trend is losing momentum and that a reversal may be imminent.
FEATURES
Inputs
• Volume Symbol
Style
Users can change plot color and style from the default Style menu if so required.
NOTES
For 24-hour markets and forex volume I use the broker currency.com. As can be seen in the example above, I am using CURRENCYCOM:USDJPY to pull volume to a FOREXCOM:USDJPY chart, which otherwise would not show volume data as forex.com do not provide it.
Volume+ (Time of Day)This volume indicator measures the volume for each bar at the time of day and displays the average and +1 standard deviation above that average.
The color intensity of the bar is increased when the volume exceeds +1 standard deviation.
See how on the chart that other than the early morning and late day volume, there are clearly key moments in the day at 7am, 10am, 10:30am, and 11am. See how on the second day, there were volume spikes before 10am, 10:30am and then more obviously just before 11am.
Volume/Market ProfileVolume/Market Profile is a 2 in 1 Volume Profile and Market Profile Indicator.
This indicator is my own calculations for compiling a volume profile and market profile.
The profile is progressively calculated live as the chart develops.
I have made use of both Boxes AND Lines to allow me to display a finer granularity profile by displaying up to twice the max amount of lines allowed in tradingview.
I have spent a lot of time to make sure the values are getting appended exactly as intended so that I can assure this profile is operating as precisely as possible within the limitations of the data available.
To make my calculations easier to use in other places, I have made my volume profile a function that can be extracted and used whenever you need values from a volume profile.
Feel free to read through the script if you don't understand how this profile is developed. I have made a commentary of my volume profile function to help you understand what exactly happens to compile the profiles.
As mentioned before, This indicator doubles as a market profile. To view both at the same time you will need to add the indicator on your chart twice.
I have built in comprehensive customizations to allow you to display your profiles however fits your needs.
Timeframe: The aggregation period for profiles, to see a 1 week profile, change the timeframe to 1 week.
Note: You can add custom timeframes by adding a custom timeframe in your chart timeframe dropdown menu. When you add timeframes in this area, they appear as options within indicators with the timeframe input.
Sensitivity: Allows for greater or less granularity changes. The calculation method for granularity automatically changes depending on the range of your chart.
Note: Multiply this value by 100 and that will be the max range (in ticks) of your price before the indicator automatically adjusts to make the profile less granular. (ex. If price ranges $1, and 1 tick is $0.01, granularity will be 0.01 with a sensitivity of 1+)
Value Area %: % of total volume to display as the value zone. (_% of total profile values are contained within the value zone)
Calculate as Market Profile: Uses a 1 Instead of the candle volume, to display a Market Profile. (If selected POC -> TPOC)
Display Size: Sets the # of bars from the profile axis to the profile's max value. If set negative, profile will be displayed left of axis, if positive, profile will be displayed to the right of the axis.
Display Offset: Sets the # of bars in front(or behind) the current chart bar to set the axis of the profile. If negative, the axis will be to the left of the current chart bar, if positive the axis will be right of the current chart bar.
Display Historical POC/VAH/VAL: Choose to display historical poc,vah,val lines.
Colors: I'm not explaining colors.
Enjoy!
Volume Spread for VSA CustomHey everyone, I have been using volume a lot more lately as price action can sometimes get manipulated but volume shows us the truth!
Anyways, I have enjoyed the Volume Spread for VSA indicator but wished I had the code to change a few settings. This volume indicator includes spread analysis with the ability to customize input values and I'm making it open source so you can do with it as you please.
I have made notes all throughout the code to give suggestions on a few changes or why I have written it in such a way. I have also tried to section everything off to make it easier to see where each piece of the code is used. Overall I think it is a good example of how to code cleanly and how to add useful notes when you are learning Pine for yourself :D
The indicator on the price chart is my Donchian Channel indicator, which you can also find on my profile. This is the one I use every day.
Aggregated Volume - By InFinitoVolume indicator that works like a normal Volume indicator with the following additional features:
- Aggregates Volume across different exchanges and Market Types - *Original Aggregation Code By Crypt0rus*
- Displays data by Market Type and combinations of Market Types (Spot, Futures , Perpetuals, Futures+Perpetuals & All Volume )
- Allows for the user to select the exchanges from which to aggregate Volume (This allows for the aggregation of any other pair i.e ETH, SOL, LUNA)
- Normalizes the Volume reported through TradingView by every exchange in order to homogenize the data (i.e Binance reports Bitcoin Volume in BTC terms BUT FTX reports Bitcoin Volume in USD)
- Allows for manual input of how Volume is reported in a particular Pair/Exchange (i.e If you want to aggregate data from the BTCEUR pair, you can select 'Other' and introduce the Value of EUR in USD terms)
COIN: Select this option if the volume is reported in terms of the asset traded ( BTC , ETH, SOL, etc....)
USD: Select this option if the Volume is reported in terms of the USD amount traded
OTHER: Select this option in case the Volume is reported in another currency (EUR, ETH, etc....)
NOTE: *ALL VOLUME IS AGGREGATED IN TERMS OF THE ASSET TRADED, FOR EXAMPLE IN THIS CASE: BTC . BUT IF YOU'RE AGGREGATING BNB PAIRS, VOLUME WILL BE CALCULATED TO BE DISPLAYED IN BNB TERMS*
Feel free to leave suggestions/questions in the comments or to message them directly to me
Volume Pressure BarsDescription
This indicator transforms the normal volume bars into buying and selling segments. This allows the user to easily see how much buying and selling pressure is occurring on any given timeframe. The buying and selling pressure values are calculated using the following equations:
buyingPressure = volume * (close - low) / (high - low)
sellingPressure = volume * (high - close) / (high - low)
Moving Average Line
Also included in this indicator is the optional moving average line. This allows the user to easily see if volume is above or below the average line. All aspects of the moving average line can be adjusted. The line can be toggled on & off, the length of the moving average can be adjusted, the mathematical smoothing function can be chosen, and the color & style of the line can be configured.
Scaling
If the volume pressure bars are displayed on the same “pane” as the price candles, then the volume bars can be scaled up or down. In the Input settings check the “Scale Bars” checkbox. Then increase the “Scaling Factor” number to make all of the volume bars smaller (to allow more room on your chart) or decrease the number to make the volume bars bigger.
IMPORTANT NOTE #1: scaling only works when the volume pressure bars are in the same pane as the price candles. If the volume pressures bars are in their own pane, then the “Scale Bars” toggle has no effect.
IMPORTANT NOTE #2: if the volume pressure bars are in the same pane as the price candles then there will be a sizable gap between the bottom of the volume bars and the time axis on the TradingView chart. This IS NOT a bug in this indicators code. The gap IS a bug in the TradingView platform that affects all volume indicators besides the default volume indicator that comes with each blank chart. To remove the gap then move the “_Vol Bars” indicator to its own pane above or below the main pain.
Volume Numbers
In Pine Script there is not a true stacked bar chart plot. What the author has to use are multiple bar charts that are in front and behind each other. This gives the impression that the bars are truly stacked because the selling pressure is always smaller than the total volume on any given bar. There is no issue to visually look at the bars and see their heights but if the user used their cursor to hover on a bar to get the actual volume pressure values it leads to issues. To address this problem the author has created a third invisible bar called “Buy Vol Label” that is the buy pressure volume value. Thus when the user hovers the cursor over a bar the first value (from left to right) is the total volume for the bar, the second value is the sell pressure, the third value is the buy pressure, and the fourth value (if toggled on) is the moving average value.
Volume based support resistance with SwingThere has been an endless debate on how to derive volume levels on the Price Action
One such method which I have encountered (being pointed by one of my followers Anjan Gadade)
is to take the (High+Low+close)/3, as an ambient level when volume is above average (sma20) and also when volume is above its Standard Deviation 2
To make sense of the volume level structure I tested it with Swing points, for extra confluence, and i must say, this can be used as a good indication of trend if combined together
So I thought to open Source it, to people who might be looking for a much visual Interpretation!
Enjoy!
Volume Difference Delta Cycle OscillatorVolume Difference Delta Cycle Oscillator indicator:
Using the power of my Volume Difference Indicator and standard deviations based on Bollinger Bands and more, we present this wonderful indicator with the following features:
Price Action Histogram: This is the bread and butter of this graph, if the PAH is above 0, this is considered a BULL cycle, and if below 0, this is considered a BEAR cycle. The histogram will move up and down based on the Histagram settings you set in the properties field. Be careful, we advise using default settings.
Custom Overbought & Oversold Lines:mean
These lines can be used to identify when to buy and sell the security, and help you make sense of the action of the histogram. Change the color, size, and linewidth!
These lines are what are used to perform the trades with the strategy as well, so if you change them, they will make an impact on the strategy itself.
EzSpot Background:
Do you want to turn your brain off and just trade when you you're inside an Overbought or Oversold line? Awesome! Turn on EzSpot backgrounds, and when it's green, go long, when it's red go short! Simple as that!
How it works:
By taking the Delta of the Volume Difference Indicator we're able to find the rate of change of the amount of change of volume, allowing us to see changes in volume before price changes. To add onto these, we supercharge it by taking the output of this line as the input source of bollinger bands which we use to output the %B of the Delta of the Volume Difference Indicator.
Separately, we calculate the %B of the current close to use later.
The final step is taking the second %B (which is an indication of where price lies on the curve of historical price data), and from it subtract the first %B, which allows us to visualize the standard deviation of the closing price, minus the standard deviation of Delta of the Volume Difference , which in essence allows us to see when volume changes but price does not and vice versa.
This final output is then plotted along with an over bought and over sold line, which we use to perform our trades on.
Simplified: This indicator shows the cycles of price action - volume based on the rate of the rate of volume changes based on price and the closing price.
Super Simple: Notice when volume increases but price hasn't, and vice versa with this indicator.
