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Volume Dominance (Multi-Timeframe)Volume dominance is a mathematical concept i invented by separating up volume and down volume, and replacing the opposing elements in the averaging arrays with zeroes. positive volume dominance is calculated by taking the average of volumes with a positive price direction over a period. for every volume with a negative price direction within the period, a zero is added to the averaging array. Dpv = sum(upVol + (dnVol * 0)) / length Dnv = sum(dnVol + (upVol * 0)) / length Dpv = Dominance of Positive volume Dnv = Dominance of Negative volume upVol = total volume of upward filtered candles within length array dnVol = total volume of downward filtered candles within length array the user can see positive and negative volume dominance and read the label at the end of the plot to see the breadth of the dominance gap. the user can select between using EMA and SMA to compute the dominance averages. when the yellow center line moves with the change of a dominance line, it indicates strong directional force.
Indicatore Pine Script®
di Shaeroden
Volume Profile With Buy & Sell Pressure LabelVOLUME PROFILE WITH BUY AND SELL PRESSURE LABEL This volume profile indicator shows volume traded for each bar and is colored according to the difference in buy and sell pressure(DMI). ***HOW TO USE*** If the bar and background is colored green, there is more market buying than selling on that bar. If the bar and background is colored red, there is more market selling than buying on that bar. If the bar and background is colored blue, there is an equal amount of market buying and selling on that bar. ***BUY/SELL LABEL*** There is also a label on the right side that tells you whether there is more buying or selling on the current bar. This table updates in real time and changes colors so you can get an easy, quick interpretation of the current buy/sell pressure without having to look at the volume bars so you can make faster decisions on whether to enter or exit a trade. The table changes colors in sync with the volume bars and background. Green means more market buying than selling. Red means more market selling than buying. Blue means an equal amount of market buying and selling. ***MARKETS*** This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex. ***TIMEFRAMES*** This volume profile indicator can be used on all timeframes. ***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, DMI, Momentum, Auto Support And Resistance and Money Flow Index in combination with this Volume Profile. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Indicatore Pine Script®
di FriendOfTheTrend
8
Volumen Consolidado por DIVISAS contra BITCOIN #09/2019Volumen Consolidado de Bitcoin clasificado por divisas. Gracias a este indicador se podrá obtener la dominancia y participación en el mercado de las diferentes divisas o contratos. Actualmente el indicador incluye un aproximado de 40 pares de BTC contra diferentes divisas, en las cuales resaltan: *USD *USDT *USDC *XBT *CNY *KRW *GBP *EUR Este indicador es un criterio utilizado para un indicador que estaré subiendo en proximamente, el cuál sí contará con el volumen total expresado en un solo panel. Es decir, este indicador, solo especifica una parte del indicador general, que será el volumen consolidado total, que este expresará la cantidad total de bitcoins negociados a nivel mundial. El USD es la moneda con la que el "Market Maker", respalda sus fondos para operar el mercado, cosa que sabemos, por lo tanto otras divisas serían solo un metodo de compra para el retailer(cosa que me motivó a la creación del indicador ya que se podría conocer el sentimiento y reacción de los mismos en lo que ocurre en el mercado). Recordemos que el principal problema de los análisis que toman en cuenta el precio y volumen en bitcoin es que tradingview te da a conocer solo el "volumen del exchange", por lo tanto no obtienes una cifra exacta de los bitcoins comprados y/o vendidos en todos los sitios en los que se negocia, lo que dificulta tener una percepción objetiva de lo que sucede en el mercado, ya que te guiarías por el volumen que te da el exchange dónde operas y no el que es real. Sin nada más que decir, espero que tome en cuenta este recurso para sus análisis, que será esencial para aquellos que operan con precio y volumen. Si quiere realizar alguna colaboración y/o donación por mí obra, será muy bien bienvenida y agradecida: BTC: 1TqvNSQs39pr2mLeDo3swcrkYvkK1YQAN LTC: LKYYkJQHBvnEaJSatp53pg8C7iKp9Jp45B ETH: 0x6e0902a16a0a0d6379cd8600c455a7ab335278cc
Indicatore Pine Script®
di chaconho
Volume Buy/Sell ChartVolume Buy/Sell Chart This script visualizes the distribution of buying and selling volume within each candlestick, helping traders identify dominant market pressure at a glance. It separates volume into Buy Volume (Green) and Sell Volume (Red) using a unique calculation based on price movement within a candle. Features: ✅ Customizable Bar Display: Choose to display 5, 10, or 100 bars using a simple dropdown selection. ✅ Buy & Sell Volume Calculation: The script determines buying and selling volume dynamically based on price action within the candle. ✅ Custom Volume Threshold for Alerts: Set a percentage threshold (0–100) to trigger alerts when buy or sell volume exceeds a predefined level. ✅ Color-Coded Histogram: Green Bars: Represent the estimated buy volume. Red Bars: Represent the estimated sell volume. ✅ Alerts Integration: Automatically detect strong buy or sell signals when the respective volume percentage exceeds your set threshold. How It Works: The script calculates total price movement within a candle. It then estimates buying and selling volume ratios based on whether the price closes higher or lower than it opened. Finally, it normalizes the buy/sell volume against the total volume and plots it as a column chart. Usage Guide: Add the script to your chart. Select how many bars to display (5, 10, or 100). Adjust the Custom Volume Percentage Threshold (default: 75%). Watch for significant buy/sell volume imbalances that might indicate market turning points! This tool is great for traders looking to analyze volume flow and market sentiment with a simple yet effective visualization. 🚀
Indicatore Pine Script®
di venkat_27
Volume/Price Movement Indicator## Volume/Price Movement Indicator (VPM) The **Volume/Price Movement Indicator (VPM)** is a technical analysis tool designed to identify the strength and potential direction of a trend by combining price momentum with volume analysis. Unlike indicators that only look at price, VPM uses volume as a confirming factor to gauge the conviction behind a price move. This helps traders distinguish between strong, high-conviction trends and weak, low-conviction movements that may be prone to reversal. *** ### Key Concepts * **Price Trend**: The indicator smooths out daily price changes to determine the underlying trend direction. A positive price trend suggests upward momentum, while a negative trend suggests downward momentum. * **Volume Analysis**: The VPM calculates a **Volume Ratio**, which compares the current bar's volume to its moving average. A high volume ratio indicates that the current volume is significantly higher than recent average volume, suggesting strong market participation. The **Volume Threshold Multiplier** is used to define what constitutes "high volume." * **Net Pressure**: This component measures the difference between buying pressure and selling pressure, providing an additional layer of confirmation. Positive net pressure indicates that buying activity is outpacing selling, and vice versa. *** ### How to Use the Indicator The VPM plots its findings on a histogram below the main chart, using colors to clearly signal the market's state. * **🟢 Strong Bull (Green)**: This is the most powerful bullish signal. It indicates a clear upward price trend that is confirmed by both high volume and positive net pressure. This is a strong signal of conviction and potential continuation of the uptrend. * **🔵 Weak Bull (Lime)**: This signal indicates a clear upward price trend, but with low volume. The positive net pressure suggests buying is still dominant, but the lack of high volume means there may not be strong market conviction. This signal suggests caution and may precede a consolidation or reversal. * **🔴 Strong Bear (Red)**: The strongest bearish signal. It indicates a clear downward price trend confirmed by high volume and negative net pressure. This suggests strong selling conviction and a high probability of the downtrend continuing. * **🟠 Weak Bear (Orange)**: This indicates a clear downward price trend but with low volume. Negative net pressure confirms selling dominance, but the low volume suggests a lack of strong conviction. Like the "Weak Bull" signal, this suggests caution. * **⚫ Neutral (Gray)**: This signal is displayed when there is no clear trend or when price and volume are diverging. It's a signal of market indecision and suggests waiting for a clearer signal. *** ### Indicator Settings * **Trend Length**: This input controls the sensitivity of the price trend calculation. A smaller value will make the indicator more responsive to short-term price changes, while a larger value will filter out noise and focus on longer-term trends. * **Volume MA Length**: This determines the length of the moving average used as a baseline for volume. A longer length will make the "high volume" condition harder to meet. * **Volume Threshold Multiplier**: This is a key setting for tuning the indicator. It determines how much higher the current volume must be than its moving average to be considered "high volume." For example, a value of `1.2` means volume must be at least 20% higher than the moving average to trigger a high-volume signal.
Indicatore Pine Script®
di HabibiBudo
Volume Profile [Makit0]VOLUME PROFILE INDICATOR v0.5 beta Volume Profile is suitable for day and swing trading on stock and futures markets, is a volume based indicator that gives you 6 key values for each session: POC, VAH, VAL, profile HIGH, LOW and MID levels. This project was born on the idea of plotting the RTH sessions Value Areas for /ES in an automated way, but you can select between 3 different sessions: RTH, GLOBEX and FULL sessions. Some basic concepts: - Volume Profile calculates the total volume for the session at each price level and give us market generated information about what price and range of prices are the most traded (where the value is) - Value Area (VA): range of prices where 70% of the session volume is traded - Value Area High (VAH): highest price within VA - Value Area Low (VAL): lowest price within VA - Point of Control (POC): the most traded price of the session (with the most volume) - Session HIGH, LOW and MID levels are also important There are a huge amount of things to know of Market Profile and Auction Theory like types of days, types of openings, relationships between value areas and openings... for those interested Jim Dalton's work is the way to come I'm in my 2nd trading year and my goal for this year is learning to daytrade the futures markets thru the lens of Market Profile For info on Volume Profile: TV Volume Profile wiki page at www.tradingview.com For info on Market Profile and Market Auction Theory: Jim Dalton's book Mind over markets (this is a MUST) BE AWARE: this indicator is based on the current chart's time interval and it only plots on 1, 2, 3, 5, 10, 15 and 30 minutes charts. This is the correlation table TV uses in the Volume Profile Session Volume indicator (from the wiki above) Chart Indicator 1 - 5 1 6 - 15 5 16 - 30 10 31 - 60 15 61 - 120 30 121 - 1D 60 This indicator doesn't follow that correlation, it doesn't get the volume data from a lower timeframe, it gets the data from the current chart resolution. FEATURES - 6 key values for each session: POC (solid yellow), VAH (solid red), VAL (solid green), profile HIGH (dashed silver), LOW (dashed silver) and MID (dotted silver) levels - 3 sessions to choose for: RTH, GLOBEX and FULL - select the numbers of sessions to plot by adding 12 hours periods back in time - show/hide POC - show/hide VAH & VAL - show/hide session HIGH, LOW & MID levels - highlight the periods of time out of the session (silver) - extend the plotted lines all the way to the right, be careful this can turn the chart unreadable if there are a lot of sessions and lines plotted SETTINGS - Session: select between RTH (8:30 to 15:15 CT), GLOBEX (17:00 to 8:30 CT) and FULL (17:00 to 15:15 CT) sessions. RTH by default - Last 12 hour periods to show: select the deph of the study by adding periods, for example, 60 periods are 30 natural days and around 22 trading days. 1 period by default - Show POC (Point of Control): show/hide POC line. true by default - Show VA (Value Area High & Low): show/hide VAH & VAL lines. true by default - Show Range (Session High, Low & Mid): show/hide session HIGH, LOW & MID lines. true by default - Highlight out of session: show/hide a silver shadow over the non session periods. true by default - Extension: Extend all the plotted lines to the right. false by default HOW TO SETUP BE AWARE THIS INDICATOR PLOTS ONLY IN THE FOLLOWING CHART RESOLUTIONS: 1, 2, 3, 5, 10, 15 AND 30 MINUTES CHARTS. YOU MUST SELECT ONE OF THIS RESOLUTIONS TO THE INDICATOR BE ABLE TO PLOT - By default this indicator plots all the levels for the last RTH session within the last 12 hours, if there is no plot try to adjust the 12 hours periods until the seesion and the periods match - For Globex/Full sessions just select what you want from the dropdown menu and adjust the periods to plot the values - Show or hide the levels you want with the 3 groups: POC line, VA lines and Session Range lines - The highlight and extension options are for a better visibility of the levels as POC or VAH/VAL THANKS TO @watsonexchange for all the help, ideas and insights on this and the last two indicators (Market Delta & Market Internals) I'm working on my way to a 'clean chart' but for me it's not an easy path @PineCoders for all the amazing stuff they do and all the help and tools they provide, in special the Script-Stopwatch at that was key in lowering this indicator's execution time All the TV and Pine community, open source and shared knowledge are indeed the best way to help each other IF YOU REALLY LIKE THIS WORK, please send me a comment or a private message and TELL ME WHAT you trade, HOW you trade it and your FAVOURITE SETUP for pulling out money from the market in a consistent basis, I'm learning to trade (this is my 2nd year) and I need all the help I can get GOOD LUCK AND HAPPY TRADING
Indicatore Pine Script®
di makit0
64
Volume & Trend Confluence OscillatorVolume & Trend Confluence Oscillator (VTCO) Overview: The Volume & Trend Confluence Oscillator (VTCO) is a technical analysis tool designed to help traders assess market conditions by integrating volume analysis, momentum, and trend direction into a single oscillator. This indicator provides traders with additional confirmation when evaluating potential trade entries and exits. Key Features: Volume Analysis: Calculates a Z-score to detect unusual trading activity. Momentum Measurement: Evaluates the rate of price change to gauge market velocity. Trend Confirmation: Utilizes an Exponential Moving Average (EMA) to assess overall market direction. Signal Filtering: Incorporates minimum movement thresholds and a confirmation period to reduce false signals. Visual Enhancements: Background shading indicates trend direction, and buy/sell markers highlight key signals. How It Works: The VTCO applies a volume multiplier to momentum readings when volume activity significantly deviates from its historical norm. Additionally, it prioritizes momentum moves that align with the prevailing market trend. A smoothing mechanism refines the oscillator’s signal line, ensuring a more stable and actionable output. The indicator generates alerts when key conditions are met, assisting traders in identifying potential trend shifts. Signal Generation: Buy Signal: Triggered when the oscillator crosses above zero after an oversold condition, ideally within an uptrend. Sell Signal: Triggered when the oscillator crosses below zero after an overbought condition, ideally within a downtrend. Alerts: Configurable alerts notify traders when key market conditions are met. Usage Considerations: Works effectively across various timeframes but may provide more reliable signals on higher timeframes. Best utilized in conjunction with additional technical indicators and risk management strategies. No indicator guarantees future performance; proper analysis and trade management remain essential. Disclaimer: This indicator is provided for educational purposes only and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct independent analysis before making trading decisions.
Indicatore Pine Script®
di Finntech1
5
Volume Trend Swing Points | viResearchVolume Trend Swing Points | viResearch Conceptual Foundation and Innovation The "Volume Trend Swing Points" script is designed to identify pivotal swing points in market trends by leveraging the Price Volume Trend (PVT) indicator. This unique approach combines price and volume movements to highlight moments when a market may experience a significant trend reversal. By detecting the highest and lowest points of the PVT over customizable periods, this script aims to provide traders with valuable insights into potential bullish or bearish market behavior. The simplicity of the script, combined with its use of the PVT, offers an effective way for traders to anticipate key market swings based on both price and volume momentum. Technical Composition and Calculation The core of the "Volume Trend Swing Points" script is built around the Price Volume Trend (PVT) indicator, which adjusts price changes according to trading volume. The script focuses on identifying the highest and lowest values of the PVT over user-defined lookback periods: Price Volume Trend (PVT): The PVT is used to calculate the momentum of price movements, taking volume into account. By incorporating both price and volume, the PVT offers a more dynamic and responsive indicator of trend direction compared to price alone. Swing Point Detection: The script identifies the highest and lowest PVT values over user-defined lookback periods (x for highs and y for lows). When the current PVT matches either the highest or lowest value, it signals a potential trend reversal or continuation, depending on whether the high or low is detected. Entry and Exit Signals: A long signal (bullish) is generated when the current PVT matches the highest value over the lookback period, while a short signal (bearish) is generated when the current PVT matches the lowest value. These signals can be visualized with alerts and background colors. Features and User Inputs The "Volume Trend Swing Points" script allows traders to customize several parameters to better suit their trading strategies and market conditions: Lookback Periods (x and y): The script allows for two customizable lookback periods—one for detecting the highest PVT and another for the lowest. Adjusting these values can help refine the sensitivity of the swing points. Bar Coloring: The script includes an optional setting to color the bars based on detected bullish or bearish trends, making it easier to visualize potential market shifts. Background Colors: The background color changes dynamically based on whether a high or low swing point is detected, providing traders with a clear visual indication of potential trend reversals. Alerts: The script includes alert conditions for both long and short signals, enabling traders to set notifications for when potential swing points are detected. Practical Applications The "Volume Trend Swing Points" script is ideal for traders who focus on price and volume dynamics when making trading decisions. Its application is particularly useful in the following scenarios: Detecting Trend Reversals: By identifying the highest and lowest PVT values over a given period, the script can help traders spot potential reversal points, allowing for more timely entries or exits. Confirming Trend Continuations: When the PVT continues to match the highest or lowest values, it may indicate that the trend is likely to continue, helping traders maintain their positions with greater confidence. Volume-Based Trend Analysis: Since the script uses the PVT, it is particularly effective in markets where volume plays a significant role in driving price movements, offering insights that go beyond simple price-based indicators. Advantages and Strategic Value This script enhances traditional trend analysis by incorporating both price and volume through the PVT, providing a more comprehensive view of market momentum. The customizable lookback periods allow traders to adapt the script to different assets and timeframes, making it a versatile tool for swing trading and trend-following strategies. The visual cues provided by bar coloring and background shading help traders quickly identify potential market shifts, improving decision-making speed and accuracy. Summary and Usage Tips The "Volume Trend Swing Points" script is a straightforward yet powerful tool for identifying market reversals and trend continuations based on both price and volume. By adjusting the lookback periods, traders can fine-tune the script to better suit their trading style and the assets they are monitoring. The visual and alert features further enhance the script's usability, making it easy to incorporate into a trading strategy. Remember to backtest the script across various market conditions to better understand its performance. Past performance is not necessarily indicative of future results, so using this script in conjunction with other technical tools is recommended for optimal decision-making.
Indicatore Pine Script®
di viResearch
10
Volume Spread Analysis Candle PatternsVolume Spread Analysis (VSA) is a methodology used in trading and investing to analyze the relationship between volume, price spread, and price movement in financial markets. It was developed by Richard Wyckoff, a prominent trader and market observer. The core principle of VSA is that changes in volume can provide insights into the strength or weakness of price movements and indicate the intentions of market participants. By examining the interplay between volume and price, traders aim to identify the behavior of smart money (informed institutional investors) versus less-informed market participants. Key concepts in Volume Spread Analysis include: 1. Volume: VSA places significant emphasis on volume as a leading indicator. It suggests that changes in volume precede price movements and can provide clues about the market's sentiment. 2. Spread: The spread refers to the price range between the high and low of a given trading period (e.g., a candlestick or bar). VSA considers the relationship between volume and spread to gauge the strength of price action. 3. Upthrust and Springs: These are VSA candle patterns that indicate potential market reversals. An upthrust occurs when prices briefly move above a resistance level but fail to sustain the upward momentum. Springs, on the other hand, happen when prices briefly dip below a support level but quickly rebound. 4. No Demand and No Supply: These patterns suggest a lack of interest or participation from buyers (no demand) or sellers (no supply) at a particular price level. These conditions may foreshadow a potential price reversal or consolidation. 5. Hidden Buying and Selling: Hidden buying occurs when prices close near the high of a bar, indicating the presence of buyers even though the market appears weak. Hidden selling is the opposite, where prices close near the low of a bar, suggesting the presence of sellers despite apparent strength. By combining these VSA concepts with other technical analysis tools, traders seek to identify potential trading opportunities with favorable risk-reward ratios. VSA can be applied to various financial markets, including stocks, futures, forex, and cryptocurrencies. It's important to note that while VSA provides a framework for analyzing volume and price, its interpretation and application require experience, skill, and subjective judgment. Traders often use VSA in conjunction with other technical indicators and chart patterns to make well-informed trading decisions.
Indicatore Pine Script®
di deepu6576
2
Volume RatioVolume Ratio is to compare current Volume with previous volume If Bullish candle with VR is > 1, it is indicating that Buying interest has increased. If Bullish candle with VR is < 1, it is indicating that Buying momentum is weak. If Bearish candle with VR is > 1, it is indicating that Selling Pressure has increased. If Bearish candle with VR is < 1, it is indicating that Selling momentum is weak. However, if VR is too big e.g above 4, it may indicated that Buying/Selling will climax soon
Indicatore Pine Script®
di ShawnJay
1
Volume VisualizerVolume by Hannsome The Volume Visualizer is a simple yet effective tool designed to display trading volume in a dedicated panel below the main price chart. Its primary goal is to help you easily identify when trading activity is significantly higher than usual. The indicator plots two key elements: Volume Bars: These are standard volume bars showing the amount of trading activity for each period. To draw your attention to important moments, bars with unusually high volume are highlighted in a distinct color (yellow by default). Average Volume Line: A moving average line (orange by default) is plotted over the volume bars. This line represents the recent average trading volume, giving you a clear baseline to compare the current volume against. A "significant" volume spike is defined as any period where the volume exceeds the moving average by a certain multiplier. You can adjust both the moving average length and this multiplier in the indicator's settings to fine-tune its sensitivity to what you consider a significant spike in activity.
Indicatore Pine Script®
di hhnh_business
Volume +OBV + ADXVolume + OBV + ADX Table Optimized Buyer & Seller Volume with Trend Indications Overview: This indicator provides a comprehensive view of market participation and trend strength by integrating Volume, On Balance Volume (OBV) trends, and ADX (Average Directional Index) signals into a visually structured table. Designed for quick decision-making, it highlights buyer and seller dominance while comparing the selected stock with another custom symbol. Features: ✅ Buyer & Seller Volume Analysis: Computes buyer and seller volume percentages based on market movements. Displays daily cumulative volume statistics to assess ongoing market participation. ✅ On Balance Volume (OBV) Trends: Identifies positive, negative, or neutral OBV trends using an advanced smoothing mechanism. Highlights accumulation or distribution phases with colored visual cues. ✅ ADX-Based Trend Confirmation: Evaluates Directional Indicators (DI+ and DI-) to determine the trend direction. Uses customizable ADX settings to filter out weak trends. Provides uptrend, downtrend, or neutral signals based on strength conditions. ✅ Custom Symbol Comparison: Allows users to compare two different assets (e.g., a stock vs. an index or ETF). Displays a side-by-side comparison of volume dynamics and trend strength. ✅ User-Friendly Table Display: Presents real-time calculations in a compact and structured table format. Uses color-coded trend signals for easier interpretation. Recommended Usage for Best Results: 📌 Pairing this indicator with Sri_Momentum and Sri(+) Pivot will enhance accuracy and provide better trade confirmations. 📌 Adding other major indicators like RSI, CCI, etc., will further increase the probability of winning trades. How to Use: Select a custom symbol for comparison. Adjust ADX settings based on market conditions. Analyze the table to identify buyer/seller dominance, OBV trends, and ADX trend strength. Use the combined signals to confirm trade decisions and market direction. Best Use Cases: 🔹 Trend Confirmation – Validate breakout or reversal signals. 🔹 Volume Strength Analysis – Assess buyer/seller participation before entering trades. 🔹 Multi-Asset Comparison – Compare the behavior of two related instruments. This indicator is ideal for traders looking to combine volume dynamics with trend-following strategies. 🚀📈
Indicatore Pine Script®
di venkat_27
Volume Rate of Change (VROC)Volume Rate of Change (VROC) is an indicator that calculates the percentage change in trading volume over a specific period, helping analyze market momentum and activity. It is calculated as: VROC = ((Current Volume - Past Volume) ÷ Past Volume) × 100 This indicator shows changes in market interest. Positive values indicate increasing volume, while negative values signal a decrease. High VROC values often suggest potential trend reversals or breakouts. Applications: Breakout Validation: VROC > 200% confirms strong breakouts; below this may signal false moves. Market Stagnation: VROC < 0% suggests shrinking volume and range-bound markets. Trend End Alert: A drop below 0% during trends may indicate weakening momentum. Adjusting for Timeframes: Tailor VROC to timeframes. Examples: Daily: VROC(5) compares with last week's same day; VROC(20) with 1 month ago. Monthly: VROC(12) compares with the same month last year; VROC(1) with last month. Intraday: VROC(24) (hourly) and VROC(288) (5 minutes) for the same time yesterday.
Indicatore Pine Script®
di k104
Volume ChartVolume data can be interpreted in many different ways. This is a very basic script and novel idea to display volume as a chart. The purpose of this script is to visually help identify volume breakouts and other common chart patterns. While this indicator could be useful for finding big moves and early reversals it not reliable for determining the direction of the move. Below is an example of a volume breakout: Below is confirmation of the second ear in the batman pattern: Lower highs and higher lows can give early signs of a reversal: Below we can see retailers getting pumped and dumped on during the gaps while they sleep:
Indicatore Pine Script®
di veryfid
8
Volume HIGH/CLIMAX Volume is the number of shares of a security traded during a given period of time. Generally securities with more daily volume are more liquid than those without, since they are more "active". Volume is an important indicator in technical analysis because it is used to measure the relative significance of a market move. The higher the volume during a price move, the more significant the move and the lower the volume during a price move, the less significant the move. A climax occurs at the end of a bull or bear market cycle and is characterized by escalated trading volume and sharp price movements. Climaxes are usually preceded by extreme sentiment readings, either excessive euphoria at market peaks, or excessive pessimism at market bottoms. Essentially, climaxes are a result of a resolution in supply and demand factors. Buying Climaxes One of the clearest signals of the end of a bull market is a buying climax, during which volume escalates to extreme levels and bullish euphoria permeates media coverage of stocks, market indices, or commodities . The key trait of a buying climax is the exhaustion of demand as the last buyers enter the market. The final surge of buying typically leads to price spikes, which may last for days, weeks, or months. As demand wanes, buyers become less willing to pay higher prices. There may be a brief period of stagnation in prices before a combination of profit-taking and new sellers set in motion the start of a sharp reversal. Selling Climaxes The beginning of a selling climax is often signaled by steadily increasing volume on the sell side of the market as growing pessimism accelerates the downtrend. As the selling climax approaches, the last buyers finally capitulate, driving shares sharply lower. Once the supply side of the market abates, demand at support levels can cause the price to level off before a combination of profit-taking and new buyers set in motion the start of a sharp reversal.
Indicatore Pine Script®
di Vamshi_yeezy
10
Volume Volatality IndicatorVolume Volatility Indicator vol: volume; vma: rma of volume Cyan column shows (vol - vma)/vma, if vol > vma else shows 0 0 value means vol less than vma: good for continuation 0 < value < 1 means vol more than vma: good for trend value > 1 means vol more than 2 * vma: good for reversal tr: truerange; atr: averagetruerange Lime column show -(tr - atr)/atr, if tr > atr else show 0 0 value means tr less than atr: good for continuation 0 > value > -1 means tr more than atr: good for trend value < -1 means tr more than 2 * atr: good for reversal Cyan line = 1 Lime line = -1 This indicator shows the volume and truerange together. Good for filtering trending and consolidating markets. Thanks for the support.
Indicatore Pine Script®
di ForgedOblivious
1