10-Day Avg Upside vs Downside VolumeUpside Volume: The total volume on days when the stock closes higher than the previous day.
Downside Volume: The total volume on days when the stock closes lower than the previous day.
It calculates the 10-day simple moving average of both upside and downside volumes.
An optional ratio line is included to visualize relative buying vs selling pressure.
Cerca negli script per "volume"
Cumulative Buying and Selling Volume with 3 Lookback PeriodsScript Overview:
This script is designed to help traders identify market momentum by analyzing buying and selling volume. It calculates the cumulative buying and selling pressure over three different lookback periods, providing insights into whether the bulls or bears are dominating at any given time. The script does this by computing the cumulative buying and selling volume for each period and comparing them through exponential moving averages (EMA) to smooth out short-term fluctuations.
Purpose and Use:
The primary goal of this script is to highlight shifts in market sentiment based on volume dynamics. Volume is a critical component in market analysis, often signaling the strength behind price movements. By focusing on cumulative buying and selling pressure, the script gives traders an idea of whether the market is trending towards more buying or selling during specific periods. Traders can use this tool to:
Identify potential entry points when buying pressure is strong.
Recognize potential selling opportunities when selling pressure is increasing.
Detect periods of indecision when neither buying nor selling dominates.
Key Concepts:
1. Buying Volume (BV):
The buying volume is calculated based on the price range of each candle. It represents the volume allocated to the bullish side of the market:
When the close is near the high, the buying volume is higher.
Formula: BV = volume * (close - low) / (high - low).
2. Selling Volume (SV):
Similarly, selling volume is derived based on the position of the close relative to the low:
When the close is near the low, selling volume is higher.
Formula: SV = volume * (high - close) / (high - low)
3. Lookback Periods:
The script allows users to define three different lookback periods (5, 10, and 20 by default). These periods smooth out the cumulative buying and selling volumes using EMA calculations:
Shorter periods capture more immediate changes in volume dynamics.
Longer periods provide a broader perspective on market trends.
4. Cumulative Volume Calculation:
For each lookback period, cumulative buying and selling volumes are tracked separately and then smoothed with EMA:
emaBuyVol and emaSellVol are the smoothed values for buying and selling volumes over the lookback periods.
5. Market Pressure Comparison:
Buying Pressure: If the EMA of buying volume is greater than the EMA of selling volume for a particular lookback period, the script considers that buying pressure dominates for that period.
Selling Pressure: Conversely, if selling volume dominates over buying volume for a period, the script registers selling pressure.
6. Overall Market Pressure:
The script aggregates the buying and selling pressures from the three lookback periods to determine the overall market sentiment:
If the majority of periods show buying pressure, the market is bullish.
If the majority show selling pressure, the market is bearish.
If neither side dominates, it suggests a neutral or indecisive market.
Visual Cues:
The script provides visual feedback to help traders quickly interpret the market pressure:
Background Color:
Green (#2bff00) when buying pressure dominates.
Red (#ff0000) when selling pressure dominates.
Gray (#404040) when there is no clear dominance.
Bar Color: The script also colors the price bars based on the dominant market pressure:
Green for buying pressure.
Red for selling pressure.
Gray for neutral or balanced market pressure.
Reset Mechanism:
At the start of each new candle, the cumulative volumes for all three periods are reset to zero. This ensures that the cumulative volumes are only measured for the current candle, preventing carryover from previous periods that could distort the analysis.
How Traders Can Use This Script:
Trend Confirmation: Traders can use the script as a trend confirmation tool. When the background turns green (buying dominance), it suggests bullish momentum. When red, bearish momentum is likely. This information can be used to confirm existing positions or signal new trades in the direction of the market pressure.
Reversal Detection: A sudden shift in the background color (from green to red or vice versa) can indicate a potential reversal. This can be particularly useful when combined with other technical indicators such as price action or support/resistance levels.
Multiple Timeframes: Since the script supports three different lookback periods, it provides a comprehensive view of market pressure across short-term, medium-term, and long-term perspectives. Traders can tailor the lookback periods based on their preferred timeframe to match their trading style, whether it’s intraday trading or longer-term swing trading.
Risk Management: The script's clear visual cues help traders manage risk by highlighting when selling pressure increases, allowing them to consider reducing long positions or tightening stop-losses.
Buying and Selling Pressure with Delta VolumeScript Name
"Buying and Selling Pressure with Delta Volume"
Purpose
The script is designed to analyse and visualise buying and selling pressure for each candle on a trading chart. It estimates the volume attributed to buying and selling within each candle and calculates the delta volume, which is the difference between buying and selling volume. This can help traders understand market dynamics and the balance of power between buyers and sellers.
Components
Volume Data:
The script uses the volume data from the current chart's timeframe.
Candle Spread:
The spread is calculated as the difference between the high and low prices of each candle.
Handling Doji Candles:
If the spread is zero (which can happen with Doji candles), it sets the spread to na (not available) to prevent division by zero errors.
Buying and Selling Pressure:
Buying Pressure: Estimated as the proportion of the candle's volume attributed to the price moving up from the low to the close.
Selling Pressure: Estimated as the proportion of the candle's volume attributed to the price moving down from the high to the close.
Delta Volume:
The difference between buying pressure and selling pressure, representing the net buying or selling volume for each candle.
Plotting
Buying Pressure:
Plotted as green histogram bars.
Selling Pressure:
Plotted as red histogram bars.
Delta Volume:
Plotted as blue histogram bars and a blue line, indicating the difference between buying and selling pressure.
A horizontal line at zero (grey colour) is added to help visualise positive and negative delta volume.
WIG20 Total Value-Weighted VolumeThis Pine Script creates a custom indicator for TradingView that calculates and visualizes the total "value-weighted volume" of the 20 stocks in the WIG20 index (a major Polish stock market index). Here's a breakdown of what it does:
Functionality:
Stock Selection:
The script allows you to input the ticker symbols for the 20 stocks that make up the WIG20 index (e.g., "PKO" for PKO Bank Polski, "PKN" for PKN Orlen, etc.). These are customizable via input fields, so you can adjust them to match the current WIG20 constituents.
Data Retrieval:
For each of the 20 stocks, it fetches two pieces of data from the current chart timeframe (e.g., daily, hourly):
Volume: The number of shares traded (e.g., v01 for the first stock).
Average Price: The midpoint price of the candle, calculated as (open + close) / 2 (e.g., p01 for the first stock). This represents a typical price for that period.
Value-Weighted Volume Calculation:
For each stock, it multiplies the volume by its average price (e.g., vw01 = v01 * p01). This converts the raw volume (in shares) into a monetary value (e.g., in Polish złoty, PLN, assuming the prices are in PLN).
The result, called "value-weighted volume," reflects the total monetary amount traded for each stock rather than just the number of shares.
Total Value-Weighted Volume:
It sums the value-weighted volumes of all 20 stocks into a single value, totalValueVolume. This represents the combined monetary trading activity across the WIG20 index for each time period (e.g., each candle on the chart).
Statistical Analysis:
The script calculates a rolling mean and standard deviation of the totalValueVolume over a user-defined lookback period (default is 20 bars, adjustable via input).
It then computes a "3-sigma" threshold, which is the mean plus three times the standard deviation. This threshold identifies unusually high trading activity (statistically significant outliers).
Candle Direction:
It checks whether the current candle on the chart (e.g., the WIG20 index itself) is bullish or bearish:
Bullish: If the close price is higher than the open price (close > open).
Bearish: If the close price is lower than the open price (close < open).
Color-Coded Visualization:
The totalValueVolume is plotted as a histogram on the chart with dynamic colors:
Blue: If the value-weighted volume is below the 3-sigma threshold (normal trading activity).
Green: If the value-weighted volume exceeds the 3-sigma threshold and the candle is bullish (indicating unusually high buying activity).
Red: If the value-weighted volume exceeds the 3-sigma threshold and the candle is bearish (indicating unusually high selling activity).
Purpose:
What It Shows: The indicator highlights the total monetary trading volume across the WIG20 stocks, adjusted for each stock’s price, and flags periods of exceptional activity (above 3 sigma) with colors that indicate market direction (bullish or bearish).
Use Case: Traders or analysts might use this to:
Identify significant market events where trading volume spikes (e.g., news-driven moves).
Assess whether those spikes align with bullish (green) or bearish (red) sentiment, based on the WIG20 index’s price movement.
Compare monetary trading activity across different periods, rather than just share volume, which gives more weight to higher-priced stocks.
Key Features:
Customizable: You can tweak the stock symbols and lookback period to fit your needs.
Statistical Insight: The 3-sigma rule helps spot outliers in trading activity.
Visual Clarity: The histogram’s color changes make it easy to see when volume spikes occur and whether they’re tied to upward or downward price moves.
Example Output:
On a daily WIG20 chart, if one day’s total value-weighted volume is exceptionally high (above 3 sigma) and the WIG20 closes higher than it opened, the histogram bar for that day turns green. If it closes lower, it turns red. Otherwise, it stays blue.
In essence, this script transforms raw volume data into a price-adjusted, statistically informed indicator that visually emphasizes significant trading events with directional context!
EM Visible Range Volume Profile█ OVERVIEW
ᴇᴍ VRVP (Visible Range Volume Profile) indicator calculates the volume profile within the visible range of prices.
Volume Profile is an advanced technical analysis indicator that shows trading activity over a specified period of time at certain price levels.
The indicator plots a histogram on the chart that reflects dominant or significant price levels based that are based on volume.
VP concept
VP Components
Open, High, Low, Close:
There are different types of volume profile indicators but the majority of them will designate the OHLC.
Point of Control:
A price level with the most traded volume during one session, also known as POC.
High Volume Node (HVN):
Area of high volume relative to surrounding price action.
Low Volume Node (LVN):
Area of low volume relative to surrounding price action.
Analysis of price in relation to high and low volume nodes is useful when building context around your trades.
█ VOLUME PROFILE STRATEGIES
The distribution of a volume profile can help you determine the strength of a trend and spot potential reversal zones. Let’s take a look at the five different distribution types.
Neutral D
In order for price to break away from value, either the buyers or the sellers will have to become more aggressive than the other side. When this occurs, it gives us with a vital piece of information.
Now we know who were the agressors at this price level: either the buyers or the sellers. That's why this is a good level for a trading setup if the price bounces back.
Bearish P and Bullish P
Bearish P — reversal. Bullish P — confirmation.
Bearish Ь and Bullish Ь
Bearish Ь — confirmation. Bullish Ь — reversal.
Examples
█ INPUTS
Width — amplitude of the VP histogram.
Grid — the number of columns of the VP histogram.
Delta of volumes — combinatorial determination of the ratios of sellers and buyers.
In quoted units — conversion in units of quoted currency.
Logarithmic scale — recalculation the grid step to the logarithmic scale of the chart.
HTF — (Higher Timeframe) calculation of VP for the period of the selected timeframe. ISO: Isolated computation in HTF period.
Palette: Total volume, Volume of buyers, Volume of sellers, HTF bars.
Warnings: colour of the «⚠» icon, language of information in the Tooltip.
Addition: ᴇᴍ CHN-RMA — a grid of moving averages with periods of centered hexagonal numbers.
█ ОБЩИЕ СВЕДЕНИЯ
ᴇᴍ VRVP (Visible Range Volume Profile) рассчитывает профиль объёма в видимом диапазоне цен.
Профиль объёма — это продвинутый индикатор технического анализа, который показывает торговую активность за условленный период времени на определённых ценовых уровнях.
Индикатор строит на графике гистограмму, отражающую доминирующие или значимые ценовые уровни, основанные на объёме.
█ НАСТРОЙКИ
Ширина — амплитуда гистограммы VP.
Сетка — количество колонок гистограммы VP.
Дельта объёмов — комбинаторное определение соотношений продаж и покупок.
В котируемых единицах — пересчёт в единицах котируемой валюты.
Логарифмическая шкала — пересчёт шага сетки на логарифмическую шкалу графика.
HTF — (Higher Timeframe) расчёт VP за период выбранного таймфрейма. ISO: Изолированное вычисление в HTF-периоде.
Палитра: Суммарный объём, Объём покупок, Объём продаж, Бары HTF.
Предупреждения: цвет значка «⚠», язык информации в Tooltip.
Дополнение: ᴇᴍ CHN-RMA — сетка скользящих средних с периодами центрированных гексагональных чисел.
Buy Sell Volume with delta value📄 Script Description
This indicator decomposes total traded volume into buying and selling volume, and displays their relative ratios.
🔎 Key Features
Buying vs. Selling Volume Separation
Uses the candle’s high, low, and close to split total volume into buying volume and selling volume.
Formula:
Buy = volume * (close - low) / (high - low)
Sell = volume * (high - close) / (high - low)
Volume Histogram Visualization
Plots overall volume (upper/lower) and separated buy/sell volumes as color-coded columns.
UPPER V / LOWER V: total volume
BUY V: buying volume (teal)
SELL V: selling volume (red)
Buy/Sell Ratio Calculation
Computes the percentage of buy and sell volume relative to total volume.
Buy Ratio = buyVolume / totalVolume * 100
Sell Ratio = sellVolume / totalVolume * 100
Ratio Display
Shows the latest Buy Ratio in a table (top-right corner of the chart).
Adds a label above the most recent bar displaying:
"Buy XX% / Sell YY%"
Historical ratios can be inspected through the TradingView Data Window or tooltip.
🛠️ Usage
Quickly identify whether volume during each candle is dominated by buyers or sellers.
Helps to assess market pressure and confirm potential trend direction, entries, or exits.
⚠️ Notes
Labels are shown only on the most recent bar (Pine cannot track mouse cursor events).
To see historical values, use the TradingView Data Window or hover tooltips.
This method provides an approximate split of volume and does not perfectly capture all market order flows.
Aggregated Volume (Multi-Exchange)Indicator: Aggregated Volume (Multi-Exchange)
Overview:
The Aggregated Volume (Multi-Exchange) indicator is designed to aggregate trading volume data from multiple exchanges for a specific cryptocurrency pair. The goal is to provide a consolidated view of the total trading volume across different platforms, helping traders and analysts gauge the overall market activity for a given asset.
Features:
Multi-Exchange Support: The indicator allows you to aggregate trading volume data from various exchanges. Users can enable or disable volume data from specific exchanges (e.g., Binance, Bybit, Kucoin, etc.).
Spot and Futures Volumes: The indicator can sum the volume for spot trading and futures trading separately if desired. However, in the current version, it only sums the volume for specific pairs across multiple exchanges, without distinguishing between spot and futures volumes (though this feature can be added if necessary).
Customizable Exchange Selection: Users can select which exchanges' volume data to include in the aggregation.
Real-Time Updates: The volume data is updated in real-time as new bars are formed on the chart, providing an up-to-date picture of the trading volume.
Purpose:
The primary purpose of this indicator is to consolidate trading volume information from multiple exchanges for the same trading pair (e.g., BTC/USD). Traders can use this aggregated volume to gain a better understanding of market activity across various platforms, as well as assess the level of liquidity and interest in a particular asset.
By viewing the total aggregated volume, traders can:
Track market trends: Higher aggregated volume can signal increased market interest, making it easier to spot trends or potential breakouts.
Analyze liquidity: This indicator can help traders assess liquidity in the market, especially when using multiple exchanges.
Identify potential market manipulation: If there is a sudden spike in volume on multiple exchanges, it could signal market manipulation or an event-driven surge.
How it Works:
Volume Aggregation: The indicator collects and sums the volume data for a given symbol (e.g., BTC/USD) from different exchanges like Binance, Bybit, Kucoin, and others.
Multiple Exchanges: The volume data is aggregated from each selected exchange and plotted as a single volume value on the chart.
Real-Time Volume Plotting: The total aggregated volume is then plotted as a histogram on the chart, with the color of the bars changing depending on whether the price is rising or falling (typically green for rising prices and red for falling prices).
Inputs/Settings:
Exchange Selection: A list of checkboxes where users can choose which exchanges' volume data to include (e.g., Binance, Bybit, Kucoin, etc.).
Color Settings: Users can set the color for the histogram bars based on price direction (e.g., green for rising and red for falling).
Volume Calculation: The indicator calculates the volume for a specific cryptocurrency pair across selected exchanges in real-time.
Daily VolumeShows a table in the top right of the chart with a few options:
Only show intraday: By default the table will not be visible on timeframes of 1D or above, but this can be changed to show all the time if desired.
Daily volume: Displays the volume for the day so far, regardless of what timeframe is currently showing.
Yesterday's volume: Displays the volume from the previous day. As with the daily volume , it will show the entire previous day's volume regardless of the current timeframe.
Average Volume: Displays the average volume based on a user-specified number of days. The default value is 30 days.
Text color and table color: Choose the color settings for the table text and background.
Falling and Growing VolumeFalling & Growing Volume is an indicator which shows growing and falling volumes in different colors. If current volume greater then previous volume then it is considered as growing volume otherwise as falling volume.
BTC Volume: Bitfinex Total/Long/ShortQuick little script to show Bitfinex LONG/SHORT positions in context to overall volume on the TF. Works best on small TFs to eliminate fluctuation in margin positions impacting the 'accuracy' of volume.
Base Color Scheme
Blue: Total Bitfinex traded volume
Yellow: Assumed Volume of BTCUSDLONGS (Close Position - Open Position)
Orange: Assumed Volume of BTCUSDSHORTS (Close Position - Open Position)
Work is based on conversations and community interaction through Crypto Traders Pro.
Delta Volume[integral]Delta Volume – Visualizing Accumulated Candle Dominance
This indicator measures and accumulates the net difference between bullish and bearish candle volumes over a user-defined range of bars. It integrates the volume dominance over time, offering traders a unique view into how buying or selling pressure has been distributed.
🔍 Concept & Logic
Delta Volume Calculation
For each bar, the script looks x to y bars back in time (e.g., from 10 bars ago to 5 bars ago) and:
Adds volume for bullish candles (close > open)
Subtracts volume for bearish candles (close < open)
This gives us a snapshot of volume dominance for that range.
What is Integration in This Context?
Integration, in this script, refers to the accumulation (summation) of these dominance differences over a period.
Much like integrating a function in calculus (i.e., area under the curve), here we are integrating the "net advantage" of buyers vs. sellers.
Over time, this builds a cumulative picture of directional pressure, showing whether buyers (positive integration) or sellers (negative integration) are in control.
Why It Matters
Unlike simple volume charts, this tool filters noise by focusing on who is dominating the market—buyers or sellers—and tracks that dominance over time.
It gives a macro-level view of pressure buildup, which can precede major breakouts or reversals.
📊 Visual Features
Buy Volume (green columns): Sum of volumes from bullish candles.
Sell Volume (red columns): Sum of volumes from bearish candles.
Candle Difference (white line): Net dominance difference (Buy - Sell).
Integrated Dominance Difference: Cumulative label showing the total buyer-seller dominance over the defined integration period.
Zero Line (dashed): Balance point.
🧠 Use Case
Detect divergences between price and cumulative volume pressure.
Confirm trend strength when integrated delta volume aligns with price movement.
Spot accumulation or distribution phases invisible on price action alone.
⚠️ If you're applying this to symbols with no volume data (e.g., certain Forex or indices), the script will stop with an error message.
Bullish/Bearish Volume Indicator ABDJO1- red bars are bearish volume
2- yellow bars are a weakness of bearish volume.
3-green bars are a strong bullish volume.
4-Orange bars are a weakness of bullish volume.
1. Price Movements
The chart does not explicitly show price movements, but the volume bars can give us indirect clues. Typically, a transition from green (strong bullish volume) to red (bearish volume) suggests a potential reversal from an uptrend to a downtrend. The presence of orange bars (weakness of bullish volume) following green bars indicates a decrease in buying momentum, which often precedes a price decline.
2. Trading Volume
Green Bars: Represent strong bullish volume, indicating strong buying interest.
Orange Bars: Indicate a weakening of bullish volume, suggesting that buyers are losing strength or interest at higher price levels.
Yellow Bars: Represent a weakening of bearish volume, which could indicate that selling pressure is decreasing and a potential reversal or stabilization in price might occur.
Red Bars: Signify strong bearish volume, indicating strong selling pressure.
3. Price-Volume Relationship
The transition from green to orange and then to red bars shows a typical pattern where initial strong buying interest (green) is followed by a decrease in buyer enthusiasm (orange), and eventually overtaken by sellers (red). This pattern often corresponds to a peak in prices followed by a reversal to the downside.
4. Technical Indicators
Without specific price data, traditional indicators like MA (Moving Averages), MACD (Moving Average Convergence Divergence), or KDJ (Stochastic Oscillator) cannot be calculated directly. However, the volume pattern itself can be used as a rudimentary momentum indicator, with decreasing bullish volume (orange) and increasing bearish volume (red) suggesting a bearish momentum.
5. Support and Resistance Levels
Support Level: Could be hypothesized near the transition point from yellow to green bars, where buyers previously started to overpower sellers.
Resistance Level: Likely near the transition from green to orange bars, where sellers begin to regain control and buying momentum fades.
6. Overall Trend Patterns
The overall trend, inferred from the volume bars, suggests a bullish phase losing momentum and transitioning into a bearish phase. This is typical of a market top where buying interest wanes and sellers begin to dominate.
7. Future Projections and Recommendations
Given the observed shift from bullish to bearish volume, there is a higher likelihood of a downward price movement in the near term. Investors should consider this a potential sell signal, especially as bearish volume (red bars) increases. Caution is advised for buyers, and it might be prudent for holders to take profits or set stop-loss orders to protect against potential declines.
Plot futures volumes with indexMost of the times, F&O traders like to draw their own trendlines or mark other levels on the underlying instrument where volumes of the underlying is a key parameter. When such an instrument is a non-tradeable index, then one needs to switch to the futures chart for volumes. This script plots the volumes from futures on the underlying index so that traders don't need to switch charts just for futures volumes! Hope it is useful to some. Cheers!
Multi-Exchange Volume w Candle HighlightI've been investigating the value of studying candle volume. I realised all the exchanges give different volume. So I've made an indicator that shows the volume from multiple exchanges.
You can choose a primary exchange for the main changes and a secondary exchange for a line chart in front. These exchanges are INDEPENDANT of the exchange you are looking at so if your broker does not show volume, you can use the volume supplied by another broker who does. For example, you might be looking at a chart from Saxo exchange (who I don't think supplies volume) but see volume from FXCM as the primary with pattern confirmation from Oanda as the secondary.
You'll can see the patterns are the same but FXCM has higher overall volume than Oanda
In addition you can choose to highlight the high volume bars and highlight the high volume candles.
I find it useful as I can look at a move and easily see whether there is volume behind it - if there is a move with low volume is it sustainable?
You have the option to switch all the extra features on and off so if you prefer you can just look at a classic volume chart whilst looking at a candle chart from an exchange that does not supply volume.
I'm honest as to whether I find my scripts useful in my trading (they are always technically correct) or not and I think this one is good.
Propagation Volumes and TrendsWith this, i calculate RSI of the HL2 of the volume and use like an oscillator, this will use to measure the strength of the trend and the "Volume Flow" to follow the trend.
I use like foundation the LazyBear "Volume Flow Indicator" "honor a quien honor merece"
Background:
I think the volume as the price could be represented by candles or other graphic to use indicators and strengthen their analysis, due to lack of registration of this it is first necessary to calculate a volume graph, if the candle traditionally negative price brand then the total volume is taken as negative for the period. An example of this is in the On Balance Volume indicator, the problem is that there is no way to analyze the volume using other methods. An approximate volume of the spread could be the use of the price spread to make a synthetic behavior
As traditionally is observed if Open> Close then the candle and the volume will be negative and vice versa; the next step, is estimate the amounts of the candle necessary to calculate the ratio to use for the volume and thus idealize their spread within the candle:
VLOW = Volume x Low
vHigh = x High Volume
VOpen = vClose
vClose = Volume x Close
This graph can show a stable synthetic form of fluctuations in the volume trend affected by price.
ideas, comments and suggestions (or corrections).They are always welcome
Price over VolumeVersion 0.1
Price over Volume Indicator
Description
The Price over Volume indicator calculates the ratio of the closing price to the trading volume (price / volume) for the current chart's symbol and displays it as a histogram in a separate pane. A horizontal zero line is included as a reference to highlight positive and negative values or periods of undefined data (e.g., zero volume). The indicator is designed to help traders analyze the relationship between price movements and trading volume.
Insights Provided
Price-Volume Dynamics: The indicator shows how price per unit of volume fluctuates, offering insights into market efficiency and liquidity. High ratios may indicate low volume relative to price, suggesting potential volatility or thin markets, while low ratios may reflect high volume supporting price stability.
Trend and Momentum Analysis: Spikes or trends in the price-to-volume ratio can signal significant market events, such as buying/selling pressure or low liquidity periods, helping traders identify potential reversals or continuations.
Zero Line Reference: The zero line helps identify periods where the ratio is undefined (e.g., zero volume) or negative (if applicable), aiding in the interpretation of market conditions.
Volume Sensitivity: By normalizing price by volume, the indicator highlights how volume influences price movements, which is useful for assessing the strength of trends or breakouts.
How to Use
Setup: Apply the indicator to any chart with price and volume data (e.g., stocks, cryptocurrencies like BINANCE:BTCUSDT). The histogram appears in a separate pane below the main chart.
Interpretation :
High Ratios: Indicate low trading volume relative to price, potentially signaling overbought conditions or low liquidity. Use with caution in thin markets.
Low Ratios: Suggest high volume supporting price levels, indicating stronger market participation or stability.
Spikes: Watch for sudden increases in the ratio, which may precede volatility or significant price moves.
Zero Line: Periods where the histogram is absent (due to zero volume) indicate no trading activity, useful for identifying illiquid periods.
Trading Applications:
Confirmation Tool: Combine with other indicators (e.g., RSI, MACD) to confirm trend strength. A rising price-to-volume ratio with a price uptrend may indicate weakening volume support, suggesting a potential reversal.
Volume Analysis: Use alongside volume-based indicators (e.g., OBV, VWAP) to assess whether price movements are backed by sufficient volume.
Scalping/Day Trading: Monitor intraday ratio changes to identify high-impact periods with low volume, which may offer short-term trading opportunities.
Customization: Adjust the histogram color or style (e.g., change to line plot) via the Pine Editor to suit your preferences. Consider adding smoothing (e.g., moving average) for cleaner signals.
Notes
Data Requirements: Ensure the chart’s symbol has valid volume data. Symbols with no volume (e.g., some forex pairs) will result in undefined (na) values.
Limitations: The indicator is sensitive to zero-volume periods, which may cause gaps in the histogram. Use on high-liquidity symbols for best results.
Performance: Lightweight and efficient, suitable for all timeframes.
This indicator is ideal for traders seeking to understand the interplay between price and volume, offering a unique perspective on market dynamics for informed trading decisions.
[blackcat] L1 Net Volume DifferenceOVERVIEW
The L1 Net Volume Difference indicator serves as an advanced analytical tool designed to provide traders with deep insights into market sentiment by examining the differential between buying and selling volumes over precise timeframes. By leveraging these volume dynamics, it helps identify trends and potential reversal points more accurately, thereby supporting well-informed decision-making processes. The key focus lies in dissecting intraday changes that reflect short-term market behavior, offering critical input for both swing and day traders alike. 📊
Key benefits encompass:
• Precise calculation of net volume differences grounded in real-time data.
• Interactive visualization elements enhancing interpretability effortlessly.
• Real-time generation of buy/sell signals driven by dynamic volume shifts.
TECHNICAL ANALYSIS COMPONENTS
📉 Volume Accumulation Mechanisms:
Monitors cumulative buy/sell volumes derived from comparative closing prices.
Periodically resets accumulation counters aligning with predefined intervals (e.g., 5-minute bars).
Facilitates identification of directional biases reflecting underlying market forces accurately.
🕵️♂️ Sentiment Detection Algorithms:
Employs proprietary logic distinguishing between bullish/bearish sentiments dynamically.
Ensures consistent adherence to predefined statistical protocols maintaining accuracy.
Supports adaptive thresholds adjusting sensitivities based on changing market conditions flexibly.
🎯 Dynamic Signal Generation:
Detects transitions indicating dominance shifts between buyers/sellers promptly.
Triggers timely alerts enabling swift reactions to evolving market dynamics effectively.
Integrates conditional logic reinforcing signal validity minimizing erroneous activations.
INDICATOR FUNCTIONALITY
🔢 Core Algorithms:
Utilizes moving averages along with standardized deviation formulas generating precise net volume measurements.
Implements Arithmetic Mean Line Algorithm (AMLA) smoothing techniques improving interpretability.
Ensures consistent alignment with established statistical principles preserving fidelity.
🖱️ User Interface Elements:
Dedicated plots displaying real-time net volume markers facilitating swift decision-making.
Context-sensitive color coding distinguishing positive/negative deviations intuitively.
Background shading highlighting proximity to key threshold activations enhancing visibility.
STRATEGY IMPLEMENTATION
✅ Entry Conditions:
Confirm bullish/bearish setups validated through multiple confirmatory signals.
Validate entry decisions considering concurrent market sentiment factors.
Assess alignment between net volume readings and broader trend directions ensuring coherence.
🚫 Exit Mechanisms:
Trigger exits upon hitting predetermined thresholds derived from historical analyses.
Monitor continuous breaches signifying potential trend reversals promptly executing closures.
Execute partial/total closes contingent upon cumulative loss limits preserving capital efficiently.
PARAMETER CONFIGURATIONS
🎯 Optimization Guidelines:
Reset Interval: Governs responsiveness versus stability balancing sensitivity/stability.
Price Source: Dictates primary data series driving volume calculations selecting relevant inputs accurately.
💬 Customization Recommendations:
Commence with baseline defaults; iteratively refine parameters isolating individual impacts.
Evaluate adjustments independently prior to combined modifications minimizing disruptions.
Prioritize minimizing erroneous trigger occurrences first optimizing signal fidelity.
Sustain balanced risk-reward profiles irrespective of chosen settings upholding disciplined approaches.
ADVANCED RISK MANAGEMENT
🛡️ Proactive Risk Mitigation Techniques:
Enforce strict compliance with pre-defined maximum leverage constraints adhering strictly to guidelines.
Mandatorily apply trailing stop-loss orders conforming to script outputs reinforcing discipline.
Allocate positions proportionately relative to available capital reserves managing exposures prudently.
Conduct periodic reviews gauging strategy effectiveness rigorously identifying areas needing refinement.
⚠️ Potential Pitfalls & Solutions:
Address frequent violations arising during heightened volatility phases necessitating manual interventions judiciously.
Manage false alerts warranting immediate attention avoiding adverse consequences systematically.
Prepare contingency plans mitigating margin call possibilities preparing proactive responses effectively.
Continuously assess automated system reliability amidst fluctuating conditions ensuring seamless functionality.
PERFORMANCE AUDITS & REFINEMENTS
🔍 Critical Evaluation Metrics:
Assess win percentages consistently across diverse trading instruments gauging reliability.
Calculate average profit ratios per successful execution measuring profitability efficiency accurately.
Measure peak drawdown durations alongside associated magnitudes evaluating downside risks comprehensively.
Analyze signal generation frequencies revealing hidden patterns potentially skewing outcomes uncovering systematic biases.
📈 Historical Data Analysis Tools:
Maintain comprehensive records capturing every triggered event meticulously documenting results.
Compare realized profits/losses against backtested simulations benchmarking actual vs expected performances accurately.
Identify recurrent systematic errors demanding corrective actions implementing iterative refinements steadily.
Document evolving performance metrics tracking progress dynamically addressing identified shortcomings proactively.
PROBLEM SOLVING ADVICE
🔧 Frequent Encountered Challenges:
Unpredictable behaviors emerging within thinly traded markets requiring filtration processes.
Latency issues manifesting during abrupt price fluctuations causing missed opportunities.
Overfitted models yielding suboptimal results post-extensive tuning demanding recalibrations.
Inaccuracies stemming from incomplete/inaccurate data feeds necessitating verification procedures.
💡 Effective Resolution Pathways:
Exclude low-liquidity assets prone to erratic movements enhancing signal integrity.
Introduce buffer intervals safeguarding major news/event impacts mitigating distortions effectively.
Limit ongoing optimization attempts preventing model degradation maintaining optimal performance levels consistently.
Verify reliable connections ensuring uninterrupted data flows guaranteeing accurate interpretations reliably.
USER ENGAGEMENT SEGMENT
🤝 Community Contributions Welcome
Highly encourage active participation sharing experiences & recommendations!
THANKS
Heartfelt acknowledgment extends to all developers contributing invaluable insights about volume-based trading methodologies! ✨
Highest Volume [Quant Alchemy]This indicator is designed for traders looking to enhance their strategy based on volume analysis. The "Highest Volume Signal" identifies significant volume changes and signals potential points of interest.
**Features:**
- **Lookback Period Customization**: Set the number of bars to look back for analyzing the highest volume.
- **Volume Signal Multiplier**: Configure the percentage by which the current bar's volume must exceed the highest volume found in the lookback period to trigger a signal.
- **Visualization**: The indicator plots a shape (triangle) above bars where the signal occurs, making it easy to spot.
**Usage:**
- **Strategy Enhancement**: Use the indicator to identify potential points to signal strategy action when unusually high volume is observed.
- **Customizable Parameters**: Adjust the lookback period and volume signal multiplier to fit your trading style.
**How It Works:**
- The indicator calculates the highest volume among bars within a user-defined lookback period.
- It then compares the volume of the current bar to this highest volume. If the current volume exceeds the highest volume by a set percentage (volume signal multiplier), a signal is generated.
- The indicator is particularly useful in volatile markets where volume spikes can precede significant price movements.
**Application:**
Ideal for short-term traders and those who use volume analysis as part of their trading strategy. The indicator provides an additional layer of confirmation for making informed decisions in trading positions.
Volume+The enhanced Volume+ Indicator is a valuable tool that builds upon the traditional Volume indicator by incorporating a technique known as linear prediction.
In traditional Volume analysis, the volume data for a bar is only known once the bar has closed. However, with the enhanced Volume+ Indicator, we utilize linear prediction to estimate the closing volume of the k-bar before it actually closes. This estimation is based on historical volume observed in the market.
By employing this indicator, traders and investors can gain an early insight into the potential volume of the current bar, even before it concludes. This can be particularly useful for those who wish to make informed decisions based on volume analysis and its impact on price movements.
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增强的Volume+指标是一个有价值的工具，它通过结合一种称为线性预测的技术建立在传统成交量指标的基础上。
在传统的成交量分析中，只有在柱线收盘后才能知道柱线的成交量数据。然而，通过增强的Volume+指标，我们利用线性预测来估计 k 柱实际收盘前的收盘成交量。该估计基于市场观察到的历史交易量。
通过使用该指标，交易者和投资者可以在k柱结束之前就尽早了解当前柱的潜在交易量。对于那些希望根据交易量分析及其对价格变动的影响做出明智决策的人来说，这尤其有用。
PVSRA Volume Price - Some people say "Price Action is King". I say, we cannot know how the MMs (Market Makers) will move price next, period. But price tends to consolidate above key SR when MMs are filling short orders for SM (Smart Money) and long orders for DM (Dumb Money), and price tends to consolidate below key SR when MMs are filling long orders for SM and short orders for DM. The MMs are also "SM", and they tend to do the other SMs "one better"! This means that after the MMs fill the SM/DM orders, they might move price a bit further in an attempt to stop out some of those SM executed orders and sucker in more DM; both giving liquidity for the MMs to add to their own SM side position. Yes, the MMs are bastards. But the point is that could leave price not "nicely" above or below a SR anymore, yet more consolidation can occur.
Volume - Increases in activity denote increase in interest. But, is it long or short interest? Where is price in the bigger picture when this is happening? Is it at relative highs, or lows in the overall price action? And if a high volume bar is for a candle which you can examine by going to lower TF charts, you might see where in the spread of that candle the most volume occurred, high or low! Using volume is about taking note of relative increases in volume and what price is doing at the same time. Are the better volumes favoring the lower or the higher prices, as the MMs waffle price up and down? And do the volumes get particularly notable when the MMs take price above or below key SR?
S&R - Read all about S&R at "Baby Pips.com". What I want you to realize here is that the whole, half and quarter numbered price levels (hereinafter referred to as "Levels") are the most important SR of all in this market! Not because price stops, pauses, proceeds or reverses there, but because it is above or below these levels that important consolidation (MMs filling SM orders) takes place. Once SM long orders are filled, they become interested in placing orders to close them at higher prices, and hence the MMs will be moving price higher, eventually. Once SM short orders are filled, they become interested in placing orders to close them at lower prices, and hence the MMs will be moving price lower, eventually.
PVSRA - If we can spot consolidations above/below key SR, examine the overall price action on various TF charts, and take note of where the notable increases in volume have most recently occurred (did volume favor relative highs or lows), then we can build a consensus about what kind of orders the MMs have most recently been filling; buying to open longs or close shorts, or selling to open shorts or close longs. And we can get a better idea if things will next become bullish or bearish. And once PA confirms our bullish or bearish PVSRA results, by recognizing the importance of Levels we can look beyond current PA in the direction it is going and look to historic PA S&R (consolidation around key Levels) to come up with candidates for where the price might be headed. And bull or bear swings typically run in terms of 100+, 150+, 200+ pips, .....etc. And now you know why.
Okay. Now, if this is your first introduction to PVSRA, and having just read the above, you are likely scratching your head and still confused. That is normal. I will tell you a secret about the market and why you have a right to be confused. The secret is this. The market cannot be defined by mathematics nor by immutable logic. This is why the most advanced mathematicians over a century have never even come close to cracking the market. It cannot be done. Something else, other than math and immutable logic is the fundamental operand in the market. Have you ever watched a child attempt a jigsaw puzzle for the first time? And watched as that child grew and attempted more of them, and more complex ones? What is at work in the market I will elaborate on later, but for now trust me in this. We need to apply ourselves to learning how to do PVSRA just as a child attacks learning how to do jigsaw puzzles. And we must continue doing PVSRA, because in time our mind will "learn" when we have just picked up an important piece of the puzzle, and that we know where it goes! Developing the skill of PVSRA is an art form. We must not allow ourselves to feel badly if we miss clues. PVSRA is an art form that takes time to perfect. Over time our skill will grow and our "read" of the unpredictable market will improve. We must take to ongoing learning and application of PVSRA.
Introduction to How the Market Really Works
Does anybody remember the "lil' Abner" cartoons in the Sunday papers? Let me draw for you a mental picture of how the market really works.....
Imagine Daddy Yokum ferociously racing a buckboard wagon up and down the steep inclines and declines in the rough, rocky mountain road that has sharp turns and a sheer cliff on one side. The wagon wheels are spewing rocks off the side of the cliff! Even Daddy Yokum's shotgun is going off due to the jolting of the buckboard! Daddy Yokum has a demented look on his face, but he is smiling! The horse has a wild look in it's eyes and is frothing at the mouth. There are two passengers being tossed around in the back of the buckboard, terror stricken! Now, let's pan back from this cartoon picture and place the labels needed. On the side of the wagon is the sign "Market Pricing". The demented, smiling Daddy Yokum, is the Market Maker. The passengers being tossed around are the buyers and sellers.
.....Got it? Market prices are not determined by the buyers and sellers. They are determined by the Robber Bank Market Makers (MMs).
MMs are Market Manipulators of Price, and Thieves!
The "market" is the sole creation of the Robber Banks that "make the market". While it serves the world of commerce, they run it to make profits. And they opened the market up to foster prolific currency trading by others for the sole purpose of making more profits. They move prices up and down to "create liquidity" to fill the orders of SM (Smart Money) and DM (Dumb Money), for the commissions they make by filling the orders. When they have some orders above the current price and some below the current price, who do you think determines the sequence of direction and distance the price is going to move so these orders can be filled? And always - since they know how they are going to move price next - they take positions themselves to make additional profits.
They do this by:
1. Manipulating price to sucker into the market DM that is taking the wrong side position.
2. Manipulating price to sucker into the market SM that is taking the right side position, but too soon, and later manipulating price to hit their stops.
They have total control of pricing, and by these actions they effectively "steal" from others the money to fill their own "right side" positions before moving the price to the next area they have decided on for filling orders, and for taking profit on their positions built beforehand. Don't get me wrong. I do not object to the market volatility these thieving Robber Banks create. We need it. But we also need to understand what these people are like, the cloth they are cut from. They are crooks, and we have to be extra careful about trading in the market they operate. On some special days you can see them in their true colors. We should witness it. Take note of it. Speak of it. And remember it!
BTC Volume Lines [v2018-11-17] @ LekkerCryptisch.nlCombine the volume of 8 BTCUSD exchanges in one graph.
Three use cases:
1) See the absolute volumes in one graph
2) See the relative volumes in one graph
3) See the deviation of the EMA the volumes in one graph
Clean Volume Bars (Green/Red + Above Avg Highlight)📊 Clean Volume Bars (Green/Red + Above Avg Highlight)
This script provides a clearer view of market volume by combining standard green/red volume bars with dynamic highlights for above-average activity.
Features:
✅ Green / Red Volume Bars – standard visualization:
Green when the candle closes higher than it opened
Red when the candle closes lower than it opened
✅ Average Volume Line – a simple moving average (default 20 periods) to track relative volume.
✅ Above Average Highlights – bars that exceed the average volume are emphasized:
White for above-average bullish volume
Black for above-average bearish volume
How to Use:
Look for white volume spikes during up candles → potential strong bullish activity.
Watch for black volume spikes during down candles → potential strong bearish pressure.
Combine with price action, trend, or other indicators for confluence (this is not a standalone trading system).
Bull vs Bear Volume (Enhanced)Bull vs Bear Volume (Enhanced) is a custom volume histogram that separates and visualizes estimated buying vs. selling volume within each candle. This allows traders to better understand market sentiment and detect imbalances in demand and supply.
🔍 What It Does:
Plots bullish volume (green) above the x-axis and bearish volume (red) below.
Estimates bull/bear volume by analyzing the close location within the candle's range.
Highlights volume spikes with lime (bullish) or maroon (bearish) when volume exceeds a user-defined threshold.
Includes an optional total volume line for added context.
Supports smoothing via simple moving average (SMA) to reduce noise.
🛠️ Inputs:
Toggle smoothing and set its length.
Enable/disable threshold spike highlighting.
Show/hide the total volume overlay.
Adjust the threshold multiplier for spike detection.
⚠️ Important:
This script uses a proxy method based on candle structure to estimate volume split — it does not use real-time order flow or trade direction data.
Works best on liquid assets with consistent volume.
