Volume on bar VSA - signal V2Google translate.
This indicator marks bars on the chart with high and medium volumes. The direction of the effort depends on whether the tail is on the bar, bullish or bearish.
In the settings you can set (sensitivity) for tinting volumes of high and medium
This indicator highlights volumes just like here
Этот индикатор помечает бары на графике с повышенными и средними объемами. Направление усилия зависимости от того какой хвост на баре, бычий или медвежий.
В настройках можно задать (чувствительность) для подкрашивания объемов повышенных и средних.
Этот индикатор выделяет объемы точно также как
Cerca negli script per "volume"
Volume Delta DivergenceThis script will show the bid and ask volume of each candle. TVC:USOIL
The green bar is Ask Volume and Red Bar is Bid Volume.
Δ Volume Finder Vol Delta v1.0 by 🇨🇷🇾🇵🇹🇴🇷🇹🇭🇾🇭🇲🇸Δ Volume Finder Vol Delta v1.0 by 🇨🇷🇾🇵🇹🇴🇷🇹🇭🇾🇭🇲🇸
General Description
💰This indicator is given FREE to all our premium indicator subscribers.
🔊Volume Finder is an indicator designed to provide additional insights, and actionable information from the vanilla volume indicator you are all used to.
ℹ More information is never a bad thing! This indicator gives you several tools in one package. The aim is to give volume some additional depth and utility.
🕞The indicator works on any timeframe and any market that has basic volume data (stocks, forex, crypto).
📜 Features
🎚 First off the volume bars are split into positive volume and negative volume. This allows you to more easily visualize the amount of a "green" candle that was actually SELLS, and vice versa - the amount of a "red" candle that were actually BUYS.
🌈It will auto gradient the volume levels based on historical volume range for whatever instrument you are looking at. Yellow bars are deviated outside the lower range (many times this will precede a breakout / breakdown).
🚫If you do not wish to set the auto gradient, you can manually set the levels you would like via settings, or turn it off.
🚦 Next is the Volume Delta. This is the line that is oscillating above and below zero. This shows you the net positive or negative volume. In other words, it shows you the total positive or negative volume.
➕➖ Third are options for EMA plots of the total positive volume and total negative volume. This should be pretty self explanatory.
📩 Lastly is a system that generates alerts when volume breaks out past a certain user defined level. You can plot these alerts as one or both of the following: colored bars on the price chart, or alert bubbles within the indicator pane.
💭Please leave me any ideas or feedback you have!
💬Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isnt open only to subscribers - everyone is welcome to join.
Volumes on CandleThis script uses standard deviation of volume from the mean to color the candles.
IMPORTANT: Hide original candle, clicking in the "eye" near title.
I prefer use large Length input for more stability at mean and standard deviation values.
Uses 5 colors, by default:
Red = Volume >= 4 stdev;
Orange = 4 stdev > Volume >= 2.5 stdev;
Yellow = 2.5 stdev > Volume >= 1 stdev;
White = 1 stdev > Volume >= -0.5 stdev;
Aqua = -0.5 stdev > Volume.
I coded another script, called "Colored Volumes Histogram". It uses the same idea, but color directly the volume histogram.
Volume Delta DashboardHow It Works:
This script creates a Volume Delta Dashboard on TradingView, which helps traders visualize the balance between buying and selling volume (Volume Delta) directly on the chart. Here's a breakdown of the key components:
Volume Delta Calculation:
The script calculates the Volume Delta by comparing the volume of bars where the price closed higher (buying pressure) to those where the price closed lower (selling pressure).
Positive Volume Delta (green background) indicates more buying activity than selling, suggesting upward price movement. Negative Volume Delta (red background) indicates more selling than buying, signaling a potential downward move.
Smoothing with EMA:
To make the volume delta trend smoother and more consistent, an Exponential Moving Average (EMA) of the Volume Delta is used. This helps to reduce noise and highlight the prevailing buying or selling pressure over a 14-period.
Dynamic Position Selection:
The user can choose where the Volume Delta dashboard table will appear on the chart by selecting a position: top-left, top-right, bottom-left, or bottom-right. This makes the indicator adaptable to different chart setups.
Coloring:
The background of the table changes color based on the value of the Volume Delta. Green indicates a positive delta (more buyers), and Red indicates a negative delta (more sellers).
Use of This Strategy:
This Volume Delta Dashboard strategy is particularly useful for traders who want to:
Monitor Market Sentiment:
By observing the volume delta, traders can get a sense of whether there is more buying or selling pressure in the market. Positive volume delta can indicate a bullish sentiment, while negative delta can point to bearish sentiment.
Confirm Price Action:
The Volume Delta can be used alongside price action to confirm the strength of a price move. For example, if the price is moving up and the volume delta is positive, it suggests that the price increase is supported by buying pressure.
Identify Divergences:
Volume delta can help traders spot divergences between price and volume. For example, if the price is moving higher but the volume delta is negative, it may suggest a weakening trend and a potential reversal.
Optimize Entry/Exit Points:
By understanding the relationship between price movement and volume, traders can make more informed decisions about entering or exiting positions. For instance, a sudden increase in buying volume (positive delta) may indicate a good entry point for a long position.
Overall, the Volume Delta Dashboard can serve as a powerful tool for improving decision-making, by providing real-time insights into market dynamics and trading sentiment.
Volume PressureDraws the candle chart with colors to represent low, medium and high volumes. You get 3 colors for downward and 3 colors for upward movement. This will aid with immediately seeing the relative volume pushing the stock candle in the direction of movement.
You can control the percentage threshold for low and high volume. You also can change the colors to represent each volume level for upward and downward movement.
Volume Points of Control and No Control [NariCapitalTrading]Overview:
The "Volume Points of Control and No Control" (VPOC/VPONC) is a trading indicator/concept I designed to identify key price levels based on volume activity. It shows (on the price label on the y-axis) where there was the most (red) and the least (blue) volume over a specified lookback period. Read below for interpretation.
Key Features:
Identifies key price levels based on volume
Customizable lookback period and trade timeframe
Plots Volume Point of Control (VPOC) and Volume Point of No Control (VPONC)
Inputs and Calculations:
Custom Trade Timeframe: Allows users to set the desired timeframe for analysis (e.g., Daily, Weekly).
Lookback Period: Users can specify the period over which to analyze volume data.
VPOC Calculation: Determines the price level with the highest volume within the lookback period.
VPONC Calculation: Finds the price level with the lowest volume within the lookback period.
Indicator Usage:
The VPOC is considered a significant level where traders have shown the most interest, often acting as a strong support or resistance level. The VPONC, conversely, is a concept I made up. It represents a price level where 1) in an trending market, this price was accepted quickly, thus suggesting continuation of an trend. 2) price retracements will typically revisit thinly-traded price areas, the VPONC can sometimes signal an area of support in a downtrend.
Chart Representation:
VPOC Label: Plotted on the y-axis in red, indicating the price level with the highest volume.
VPONC Label: Displayed on the y-axis in blue, showing the price level with the least volume.
These labels are dynamically updated based on the user-specified lookback period and trade timeframe.
Volume 20% Above 100-day Avg & Below 200-day MAThis custom indicator is designed to assist cryptocurrency traders in identifying potential trading opportunities based on volume and moving average analysis. It highlights tokens that meet specific criteria, helping users to gauge potential market strength and reversals.
Features:
Volume Above 100-day Average: The indicator plots the 100-day volume average on the chart (blue line) and displays the percentage change in volume from the average (gray line). Green columns indicate volumes that are 20% or more above the 100-day average.
Below 200-day Moving Average: The indicator calculates and plots the 200-day moving average (orange line) of the token's closing price. This moving average acts as a long-term trend reference.
Market Conditions Highlighting: When the token's volume is above the 100-day average and the closing price is below the 200-day moving average, the indicator highlights the bars in the chart with a transparent red color. This condition can be indicative of potential reversal opportunities.
How to Use:
Volume Strength: Observe the green columns on the chart, which indicate periods of higher-than-average volume. These spikes can suggest increased market interest and potential price movements.
Long-Term Trend: Monitor the position of the closing price concerning the 200-day moving average. Prices below the moving average suggest a potential downtrend, while prices above the moving average imply a potential uptrend.
Reversal Opportunities: Focus on bars highlighted with a transparent red color. These are instances when the token's volume is above the 100-day average, while the closing price is below the 200-day moving average. Such situations may indicate potential reversal points.
Please note that this indicator should not be used in isolation for trading decisions. It is essential to combine it with other technical and fundamental analysis tools to form a comprehensive trading strategy.
Remember to backtest this indicator on historical data and adjust the input parameters to suit your trading preferences and risk tolerance.
Disclaimer: Trading cryptocurrencies involves significant risk, and past performance does not guarantee future results. Always exercise caution and perform your research before making any trading decisions.
Volume Directional OscillatorVolume Directional Oscillator is an indicator that combines several types of metrics for a convenient understanding of price movements.
The indicator displays a histogram of red, dark red, green, dark green and yellow columns, as well as a red-green line.
Red columns indicate an increase in selling volumes as the price moves.
Dark red indicates a decline compared to the previous candle.
Green indicates an increase in buy volumes.
Dark green indicates a decline from the previous candle.
Yellow columns appear when the market moves without volume, in other words, by inertia.
The red-green line passing through the tops of the columns indicates that buyers or sellers currently prevail. Green are buyers and red are sellers.
It is also possible to display overbought and oversold levels. By default, they correspond to the values 50 and -50. When the indicator goes beyond one of the levels, the background turns orange. Line and background colors can be changed in the settings.
Also, the indicator can be used to determine divergences and convergences and use them in a trading strategy.
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Volume Directional Oscillator - индикатор осциляторного типа, который объединяет в себе несколько видов показателей для удобного понимания движения цен.
Индикатор отображает гистограмму из красных, темно-красных, зеленых, темно-зеленых и желтых полос, а также красно-зеленую линию.
Красные полосы обозначают увеличение объемов на продажу по мере движения цены.
Темно-красные обозначают снижение, по сравнению с предыдущей свечой.
Зеленые обозначают увеличение объемов на покупку.
Темно-зеленые обозначают снижение, по сравнению с предыдущей свечой.
Желтые полосы появляются, когда движение рынка происходит без объёма, другими словами — по инерции.
Красно-зеленая линия проходящая через вершины полос указывает на то, покупатели или продавцы в данный момент преобладают. Зеленая — покупатели, а красная — продавцы.
Еще есть возможность отобразить уровни перекупленности и перепроданности. По умолчанию, они соответствуют значениям 50 и -50. Вы выходе индикатора за один из уровней, фон окрашивается в оранжевый. Цвета линий и фона можно изменить в настройках.
Также, по индикатору можно определять дивергенции и конвергенции и использовать их в торговой стратегии.
Volume Weighted Standard Deviation (VWSD)The Volume Weighted Standard Deviation indicator is a custom technical analysis tool that uses the volume of trading to calculate the standard deviation of a stock's price. This indicator takes the source of data, the length of data, and the deviation as inputs, and calculates the volume weighted standard deviation using the values.
The indicator first calculates the mean price and mean volume by using simple moving average over the given length of data. Then it calculates the squared difference between the mean price and the actual price, multiplied by the volume. This gives a volume-weighted squared difference. The indicator then calculates the square root of the sum of the volume-weighted squared differences divided by the sum of the volumes over the given length of data. This gives the volume weighted standard deviation.
The indicator then plots the standard deviation and deviation as a band around the simple moving average of the source data, providing a clear view of the volatility of the stock.
In summary, the Volume Weighted Standard Deviation indicator is a powerful tool for measuring the volatility of a stock by taking into account the volume of trading. It uses the volume of trading to calculate the standard deviation of a stock's price, giving a more accurate representation of the volatility of the stock. It can be useful for traders to identify entry and exit points and make more informed trading decisions.
Volume CVD and Open Interest HeatmapTaking Volume and Open Interest data to the next level of visualization I created a 'heatmap'. The indicator uses a colour gradient and plots boxes from the source candle to the current candle with one of the following data sources:
- Volume - the total volume of transactions, buys and sells
- Up Volume - the total volume from buys only
- Down Volume - the total volume from sells only
- Up/Down Volume (Net) - the difference in the Buy Volume and Sell Volume
- Cumulative Delta - the sum of the up/down volume for the previous 14 bars
- Cumulative Delta EMA - a smoothed average of the sum of the up/down volume for the previous 14 bars, over a 14 period EMA
- Open Interest - a user defined ticker, whose value is added to the plot, while this is designed to be used with Open Interest tickers, you can actually choose any ticker you want, perhaps you want to see DXY while charting Bitcoin!
You can define the lookback period, though you should make sure your timeframe for volume source data, is high enough to accommodate the lookback. TradingView will only fetch 5000 candles worth of data, so at 1 min volume data, you can only lookback 83 hours.
While similar, Volume and Open Interest are not the same. To me the simplest explanation is Volume shows the trades that have been executed and the buy/sell direction, while Open Interest shows the value of open trades that are yet to be completed.
Volume shows strength, sentiment and volatility .
Open Interest does not show direction, but does indicate momentum and liquidity in the market.
With this novel way of visualizing these, you can also now determine where all that liquidity and positions came from and therefore might have resting liquidity below.
Volume FlagThis indicator shows the increased volume compared to the previous volume.
A flag is displayed when the trading volume increased by *n of the previous candle.
Receive a signal as an alert.
Thank you.
(Please comment and click on the rocket.)
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이 지표는 이전 캔들의 거래량 대비 증가된 거래량을 확인할 수 있습니다.
깃발을 사용하여 증가 감소를 확인할 수 있으며 n배 만큼의 증가 되었을때 표시됩니다.
그리고 깃발이 표시될 경우 알람을 받으실 수 있습니다.
감사합니다.
댓글과 로케트 클릭 부탁드립니다.
Volume Profile, Pivot Anchored by DGTVolume Profile (also known as Price by Volume ) is an charting study that displays trading activity over a specified time period at specific price levels. It is plotted as a horizontal histogram on the finacial isntrumnet's chart that highlights the trader's interest at specific price levels. Specified time period with Pivots Anchored Volume Profile is determined by the Pivot Levels, where the Pivot Points High Low indicator is used and presented with this Custom indicator
Finally, Volume Weighted Colored Bars indicator is presneted with the study
Different perspective of Volume Profile applications;
Anchored to Session, Week, Month etc : Anchored-Volume-Profile
Custom Range, Interactive : Volume-Profile-Custom-Range
Fixed Range with Volume Indicator : Volume-Profile-Fixed-Range
Combined with Support and Resistance Indicator : Price-Action-Support-Resistance and Volume-Profile
Combined with Supply and Demand Zones, Interactive : Supply-Demand-and-Equilibrium-Zones
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 constitutes professional and/or financial advice. You alone 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
Volume Squeeze Momentum by HypesterTradingview is basically composed by reskins of many great contributors such as Chrismood, Lazybear, RicardoSandos and a few others. Without those guys I would not be able to learn how to code PINE - since the "documentation" is horrible and support is basically also non-existent. So thank you!
So here is another contribution to the community, which I chose to not disclose the code since the community usually reskin the code and do not give credit and this code is 100% mine.
I believe that the volume tools available are poor and lagging so here is my contribution.
I use this tool to filter noise and eliminate fake reversal signals, momentum readings and trend changes on my Spectro M. Use at your own risk.
I've added some pre-set volume profiles and trend configs. Also, the bar colors for ease of use, and all of that can be easily turned on/off and changed in the config menu.
Let me know what you think!
Volume Delta Average by Periods OscillatorVDAP Oscillator (Volume-Delta Average by Periods Oscillator) is a supercharged trading tool that helps you spot trends and assess their strength with ease! 🚀🔍 It's like a VZO on steroids—giving you an even more powerful and clear understanding of market shifts. By using the average volume delta across custom periods, it shows how market sentiment shifts, giving you a crystal-clear view of buying and selling pressures. With 12 vibrant color-coded zones, it’s like a rainbow for your charts! 🌈📊
Along with the colorful zones, this oscillator has an intuitive table that breaks down the trend, its strength, percentage, and visual rating using emojis. Whether you're a rookie or a seasoned pro, it’s designed to be ultra-accessible and easy to read! 📈✨ The table lets you see the trend's strength at a glance, so you can make quick decisions without any confusion. 🧠✅
Key Features:
✅ 12 color-coded zones for clear trend direction and strength 🌈
✅ Customizable periods to fit your analysis needs ⏳
✅ Trend strength table with easy-to-understand metrics 💪
✅ Change percentage 📉📈
✅ Emoji-based visual ratings ⭐️
✅ User-friendly interface for effortless reading 👀
✅ Accurate and efficient for better decision-making ⚡
What We're Missing:
❌ No overly complicated settings – keeping it simple, no unnecessary clutter ⚙️
❌ No complex back-testing options for deep strategy testing 📉
❌ No built-in real-time alerts for instant notifications ⏰
❌ Doesn’t overcomplicate things with endless features – it’s focused, and that’s a good thing! 🎯
In short, the VDAP Oscillator is your go-to, colorful tool for analyzing market trends quickly and accurately. Whether you're trading stocks 📉, crypto 💎, or forex 💱, this indicator will keep you in the loop and ahead of the game!
Volume Zones [Blocks]📦 Volume Zones — Smart Volume Detection, Visualized.
Want to spot high-impact candles and key zones of interest with one glance?
Volume Zones is your new edge in reading volume like a pro.
🚀 What it does:
Detects abnormal volume activity using Z-Score logic.
Automatically highlights candles with significant volume spikes as:
⚡ Z1: Noticeable activity
⚡ Z2: Strong participation
⚡ Z3: Potential climax or reversal zone
Builds smart zones (blocks) around these candles to track key price levels and possible mitigation zones.
🧠 Why it's powerful:
No more guessing if a candle matters — let the math speak.
Helps identify:
True breakouts vs fakeouts
Potential reversal zones
Volume-based POIs
Customizable visualization — from color to length, even block opacity.
💡 Use cases:
Combine with Smart Money concepts to validate sweeps and FVGs.
Pinpoint zones where big players stepped in — and where price might return.
Analyze if a breakout is supported by real volume or just noise.
⚙️ Bonus Features:
Compact marker mode for minimalists.
Middle line option for extra precision.
Performance-optimized: limits number of boxes on chart.
Volume Zones Internal Visualizer [LuxAlgo]The Volume Zones Internal Visualizer is an alternate candle type intended to reveal lower timeframe volume activity while on a higher timeframe chart.
It displays the candle's range, the highest and lowest zones of accumulated volume throughout the candle, and the Lower Timeframe (LTF) candle close, which contained the most volume in the session (Candle Session).
🔶 USAGE
The indicator is intended to be used as its own independent candle type. It is not a replacement for traditional candlesticks; however, it is recommended that you hide the chart's display when using this indicator. Another option is to display this indicator in an additional pane alongside the normal chart, as displayed above.
The display consists of candle ranges represented by outlined boxes, within the ranges you will notice a transparent-colored zone, a solid-colored zone, and a line.
Each of these displays different points of volume-related information from an analysis of LTF data.
In addition to this analysis, the indicator also locates the LTF candle with the highest volume, and displays its close represented by the line. This line is considered as the "Peak Activity Level" (PAL), since throughout the (HTF) candle session, this candle's close is the outcome of the most volume transacted at the time.
We are further tracking these PALs by continuing to extend them into the future, looking towards them for potential further interaction. Once a PAL is crossed, we are removing it from display as it has been mitigated.
🔶 DETAILS
The indicator aggregates the volume data from each LTF candle and creates a volume profile from it; the number of rows in the profile is determined by the "Row Size" setting.
With this profile, it locates and displays the highest (solid area) and lowest (transparent area) volume zones from the profile created.
🔶 SETTINGS
Row Size: Sets the number of rows used for the calculation of the volume profile based on LTF data.
Intrabar Timeframe: Sets the Lower Timeframe to use for calculations.
Show Last Unmitigated PALs: Choose how many Unmitigated PALs to extend.
Style: Toggle on and off features, as well as adjust colors for each.
Volume Distribution Before/After Top
Description
This script visualizes the distribution of volume before and after a price peak within a specified time interval. The green area represents the volume accumulated before the peak, and the red area represents the volume accumulated after the peak. The script also calculates and displays the volume-weighted average price (VWAP) on each side of the peak with a dotted line and a label.
The key features include:
Volume Visualization: Transparent green and red bars indicate volume fractions before and after the peak.
VWAP Markers: Centered labels with VWAP values are plotted above the corresponding levels.
Interactive Inputs: Define the start and end points of the analysis interval using customizable anchor times.
This tool is ideal for traders who want to analyze how volume dynamics are distributed around key price levels. It can help identify potential zones of support and resistance and improve the understanding of market behavior in response to volume accumulation.
Instructions
Select the start and end anchor times using the input fields.
Observe the volume distribution and VWAP levels on the chart.
Use the visual data to make more informed trading decisions.
Volume Profile [ZeroHeroTrading]Volume Profile by ZeroHeroTrading provides Volume Profile information fully leveraging the high/low values associated with the volume. As such, it closely aligns with the price action.
You can change the indicator settings as you see fit to achieve the best results for your use case.
Algorithm Notes
The indicator retrieves high/low/volume data within the set lookback period (number of bars back). It then sorts high/low boundaries, and accumulates the volume within the boundaries. Finally, it draws the Volume Profile as a filled out polyline joining all the boundaries together with the relevant accumulated volume proportion, and the POC as a box between the boundaries with the highest accumulated volume starting from the lookback.
When the lookback period is based on days back (instead of bars back), the indicator first dynamically calculates the number of bars to look back within the set number of days.
Please note that the lookback upper limit is 1000 bars back regardless of the settings. For instance, if the requested number of days results in the calculated bars back count (relative to the chart's timeframe) to be higher than 1000, the effective lookback will be 1000 bars back.
Features
It draws the Volume Profile and POC on the chart.
It allows for setting the number of bars or days to look back for retrieving the volume information.
It allows for setting the length of the Volume Profile being displayed (as a number of bars).
It allows for setting the offset from the last bar for the Volume Profile being displayed (as a number of bars).
It allows for setting the orientation of the Volume Profile being displayed from right to left and vice versa.
It allows for setting the colors for the Volume Profile and POC.
It allows for turning the POC functionality on/off.
Settings
Volume Lookback field: Sets number of bars or days to look back for retrieving the volume information. If the Volume Lookback field is set to 0, the volume data is retrieved for the current day regardless of the Bar(s)/Day(s) selection. Default is 200. Minimum is 0 and maximum is 1000.
Volume Lookback dropdown: If Bar(s) is selected, the volume data is retrieved for the set number of bars back. If Day(s) is selected, the volume data is retrieved for the current day plus the set number of day(s) back. Default is Bar(s).
Profile Bar Length field: Sets length of the Volume Profile being displayed as a number of bars. Default is 50. Minimum is 10 and maximum is 100.
Profile Bar Offset field: Sets offset from the last bar for the Volume Profile being displayed as a number of bars. Default is 10. Minimum is 0 and maximum is 100.
Profile Orientation dropdown: Selects Volume Profile orientation. Left is -right to left- and Right is -left to right-. Default is Left.
Profile Color select: Selects Volume Profile color. Default is blue (100% opacity).
Show POC checkbox: Turns on/off POC. Default is on.
POC Color select: Selects POC color. Default is orange (80% opacity).
Volume Profile Segment Difference «NoaTrader»If you use volume profile, then you might have countered wanting to know a segment of the chart's volume profile relative to the whole volume profile. This indicator tries to solve that problem.
When you add it to the chart, first it asks you the start and end point of the segment you want, then it draws the whole chart's volume profile and shows the selected segments relative volume with a different color (blue default).
The default settings are good for a Bitcoin daily chart, so don't forget to change the settings for other symbols and timeframes.
Angled Volume Profile [Trendoscope]Volume profile is useful tool to understand the demand and supply zones on horizontal level. But, what if you want to measure the volume levels over trend line? In trending markets, the feature to measure volume over angled levels can be very useful for traders who use these measures. Here is an attempt to provide such tool.
🎲 How to use
🎯 Interactive input for selecting starting point and angle.
Upon loading the script, you will be prompted to select
Start time and price - this is a point which you can select by moving the maroon highlighted label.
End price - though this is shown as maroon bullet, this is price only input. Hence, when you click on the bullet, a horizontal line will appear. Users can move the line to use different End price.
Start and End price are used for identifying the angle at which volume profile need to be calculated. Whereas start time is used as starting time of the volume profile. Last bar of the chart is considered as ending bar.
🎯 Other settings.
From settings, users can select the colour of volume profile and style. Step multiplier defines the distance at which the profile lines needs to be drawn. Higher multiplier leads to less dense profile lines whereas lower multiplier leads to higher density of profile lines.
🎲 Limitations
🎯 Max 500 lines
Pinescript only allows max 500 lines on an indicator. Due to this, if we set very low multiplier - this can lead to more than 500 profile lines. Due to this some lines can get removed.
On the contrary, if multiplier is too high, then you will see very few lines which may not be meaningful.
Hence, it is important to select optimal multiplier based on your timeframe
🎯 No updates on new bar
Since the profile can spawn many bars, it is not possible to recalculate the whole volume profile when price creates new bars. Hence, there will not be visual update when new bars are created. But, to update the chart, users only need to make another movement of Start or ending point on interactive input.
Volume Spike Scanner█ OVERVIEW
This script adds a volume spike scanner table to the top-right of the chart space. Table cells light up with colored signals when volume spikes occur on the associated tickers on a low timeframe. The colored signals correspond to different levels of volume spike intensity and the table columns are continuously sorted so that the tickers with the most intense volume spikes are always at the top. One table can have up to 40 tickers (this is a pine script limitation) and the indicator comes with 7 pre-load ticker lists. (6 stock lists and 1 crypto list) Add the indicator several times and use all the pre-load lists to scan 280 stocks and 40 cryptocurrencies simultaneously.
By monitoring so many tickers simultaneously for volume spikes you will have early awareness of tickers that are reacting to catalysts/news. In some cases there may be no known catalyst, but the ticker is still making a significant move with high volume. Getting to these charts early in the move can provide trade-able opportunities.
█ SIGNALS
There are 6 signals for increasing levels of volume spike intensity
Orange - Most Intense
Yellow
Green
Light Green
Blue
Pink - Least Intense
█ USER INPUTS
Alerts
Check the boxes in the Alerts section next to the color signals you want alerts for. Then after closing the user inputs pane right-click on the table and select "Add Alert on ..."
Filters
Currently the only filter available is the Minimum Volume Filter. More filters may be added on future updates.
When this filter is turned on any signals that are generated by a spike that has volume below the set value will be filtered out and will not show up on the scanner.
The default value of 10,000 is recommended for stocks. There is no recommendation for crypto.
Positioning
• Compact Mode - Reduces the table width to about half size to conserve screen space.
• Table Number - Table number 1 is the farthest right position. Each increase in this value by 1 will move the table roughly one table space inward from the right side of the chart.
• Move Down - Each increment of 1 will move the table downward roughly the height of one table row.
Usually the lowest rows of the table are insignificant so it's okay to move the table down and have these rows offscreen.
• Left/Right Spacing - Each increment of 1 or -1 will move the table slightly left and right respectively. This is for fine tuning the left/right positioning if you like all your tables equally spaced.
Ticker Lists
• Pre-Built List # - The first release of this script contains seven pre-built lists each containing 40 tickers. Lists 1 thru 6 are all stocks. List 7 is all crypto.
For day trading stocks and options add the indicator 6 times to the chart, set the tables side by side, and set a different pre-built list number for each table.
• Symbol Lists - The pre-built lists can all be customized to your preference. Remove tickers you don't like and replace with ones you like. Save your lists as the new default.
Also not every table has to contain 40 tickers. You can uncheck the boxes next to the tickers to shorten the list.
█ TIPS
General
1 — Use news alert/notification services to add context to volume spikes and resulting price movements.
2 — When a ticker goes straight to the highest two signals (Orange and Yellow) that is usually noteworthy
and worth looking at the ticker's chart to see how the volume inflow is affecting price.
3 — When the lowest signals (Pink and Blue) appear for a ticker that is often not noteworthy except in the most liquid tickers
4 — It is best to use a multi-chart layout with one chart in the layout dedicated to the scanner.
This will allow you to switch tickers on the other charts without re-rendering the tables each time.
Set the chart dedicated to the scanner to the 3m timeframe or lower due to an issue mentioned lower down.
To make the scanner easier to see you can turn off visibility of all chart features on this chart.
Stocks
1 — Very liquid stocks such as AAPL, AMZN, MSFT, TSLA, NVDA, NFLX, BA, GOOGL, META, etc. rarely have volume spikes that give the highest signals (Orange and Yellow).
For these tickers the lower signals are significant. To prevent them from getting lost at the bottom of a 40 ticker table you can give them their own dedicated table
along with other favorite stocks to ensure they are always easily visible. You can set alerts for the lower level signals on this table.
2 — To use all 6 pre-loaded stock lists and scan 240 stocks simultaneously add the indicator 6 times.
Each time you add the indicator customize the user incrementing the Table Number and Pre-Load List #. This will give you 6 tables side-by-side with 40 tickers each.
3 — The Minimum Volume Filter is recommended to be set on and at the default value for the stock pre-load lists.
Crypto
1 — The Minimum Volume Filter is recommended to be set off for the crypto list.
2 — Use mobile app notifications to get 24/7 crypto volume spike alerts to your phone.
█ KNOWN ISSUES
Alerts are sometimes given more than once for the same volume spike signal.
The table does not display when using higher timeframes. It is recommended to use a split chart layout and dedicate one section of the layout to this indicator. Set the timeframe on this section to 3m or lower.
If fixes are found for the above issues they will be included in future updates.
█ SPECIAL THANKS
With permission this script utilizes some of the logic from the open-source script "Screener for 40+ instruments" by QuantNomad.
Volume Bull & BearHello Trader,
thanks to the new request.security_lower_tf()-function we are able to calculate intrabar volume. So here is my approach.
Please be aware, that the selected resolution should always be smaller than the selected chart timeframe.
You can find the exact values for bullish and bearish volume in the data window.
Hope it helps some of you :)
