Volume Spread Analysis [AlgoAlpha]Unleash the power of Volume Spread Analysis (VSA) with our state-of-the-art indicator designed to detect market divergences and convergences, helping you make informed trading decisions. 📈
Key Features:
Detects bullish and bearish divergences based on volume and price movements. 📊🔍
Identifies bullish and bearish convergences, signaling potential trend continuations or reversals. 🔄📉
Customizable parameters for period length, volume SMA period, and outlier reduction factor. ⚙️🔧
Visual highlights for detected effects, with color-coded boxes and labels. 🟩🟥
Provides alerts for divergences and convergences, keeping you updated on market conditions. 🔔📬
📚 Introduction to Volume Spread Analysis (VSA) :
Volume Spread Analysis is a method used to interpret the relationship between volume and price to identify the intentions of market participants. By analyzing the spread (range) of a price bar and its corresponding volume, VSA helps traders discern market strength and potential reversals.
In VSA, harmony occurs when price and volume move in sync, such as when increasing prices(aka "Effect" in the script) are accompanied by increasing volume. This indicates a strong and healthy trend. Conversely, divergence happens when price and volume move in opposite directions. For example, if prices are rising lesser but volume is still high, it may signal a weakening trend and a potential reversal. Identifying these patterns helps traders understand market dynamics and make more informed trading decisions.
🛠 Quick Guide to Using the Volume Spread Analysis Indicator
⭐ Add the Indicator: Add the indicator to favorites by pressing the star icon. Customize settings such as period length, volume SMA period, and outlier reduction factor to fit your trading style.
📊 Market Analysis: Watch for color-coded boxes indicating effects and labels showing effort values. Look for divergences and convergences to identify potential trading opportunities. A higher work done suggests that the markets are needing to work harder to move the price and users can use that information as displayed below each trend impulse box to analyze the likely hood of trend continuation/reversals.
🔔 Alerts: Enable alerts for divergences and convergences to stay informed of critical market conditions without constant chart monitoring.
🔍 How It Works:
Our indicator meticulously analyzes volume and price data to detect significant market movements. It identifies periods where volume is above or below a moving average, marks these points, and tracks the price effect over a user-defined range. By calculating the effort (volume) and effect (price movement), it distinguishes between divergences and convergences based on predefined conditions. Bullish and bearish conditions are visually represented with color-coded boxes and labels, making it easy to spot trading opportunities. Alerts can be set to notify you of critical market conditions, ensuring you never miss a potential trade setup.
Happy trading! 📈🚀
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Volumetric Volatility Blocks [UAlgo]The Volumetric Volatility Blocks indicator is designed to identify significant volatility blocks based on price and volume data. It utilizes a combination of the Average True Range (ATR) and Simple Moving Average (SMA) to determine the volatility level and identify periods of heightened market activity. The indicator highlights these volatility blocks, providing traders with visual cues for potential trading opportunities. It differentiates between bullish and bearish volatility by analyzing price movement and volume, offering a nuanced view of market sentiment. This tool is particularly useful for traders looking to capitalize on periods of high volatility and momentum shifts.
🔶 Key Features
Volatility Measurement Length: Controls the period used to calculate the ATR.
Smooth Length of Volatility: Defines the period for the SMA used to smooth the ATR.
Multiplier of SMA: Sets the minimum threshold for the ATR to be considered a "high volatility" block.
Show Last X Volatility Blocks: Determines how many of the most recent volatility blocks are displayed on the chart.
Mitigation Method: Choose between "Close" or "Wick" price to filter volatility blocks based on price action. This helps avoid highlighting blocks broken by the chosen price level.
Volume Info: Displaying the volume associated with each block.
Up/Down Block Color: Sets the color for bullish and bearish volatility blocks.
🔶 Usage
The Volumetric Volatility Blocks indicator visually represents periods of high volatility with blocks on the chart. Green blocks indicate bullish volatility, while red blocks indicate bearish volatility.
Bullish Volatility Blocks: When the ATR surpasses the smoothed ATR multiplied by the set multiplier, and the price closes higher than it opened, a bullish block is formed. These blocks are generally used to identify potential buying opportunities as they indicate upward momentum.
Bearish Volatility Blocks: Conversely, bearish blocks form under the same conditions, but when the price closes lower than it opened. These blocks can signal potential selling opportunities as they highlight downward momentum.
Volume Information: Each block can display volume data, providing insight into the strength of the market movement. The percentage shown on the block indicates the relative volume contribution of that block, helping traders assess the significance of the volatility.
The volume percentages in the Volumetric Volatility Blocks indicator are calculated based on the total volume of the most recent volatility blocks. For each of the most recent volatility blocks, the percentage of the total volume is calculated by dividing the block's volume by the total volume:
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
High/Low VolumeIn this indicator, I show you a better way to define high/low values of volume (or any other indicator).
Quite often, I get requests from my clients that an indicator level should be “high” or that it should be above a certain absolute level.
The first request is hard to interpret mathematically, but traders can easily spot it on the chart. The second one is not flexible, and it might not make sense in another market regime.
To solve that, you can compute dynamic high/low levels that represent unexpected extreme values that are adaptable to recent conditions.
There are two pretty simple methods I’m using quite often in my scripts percentiles and sigma (standard deviations).
Percentile looks back at X bars and computes the value under which a certain % of data points are located. So, for example, if we’re computing 90%tile and we’re looking at 100 bars, we’ll get a value under which we have values of precisely 90 bars for this indicator. It’s a good idea to use something like 5%tile for low level and 95%tile for high level.
Sigma(σ) is related to standard deviation. If we assume that our data is normally distributed, then 68% of data points should be in the range of mean +-1σ, 95% → mean +-2σ. So we can assume that something above 2σ is a pretty rare and extreme event.
In this script, I give you an example of how to compute both on volume, but you can easily change this to another indicator.
The issue with volume is that it’s not normally distributed, and your low level will be quite often too low to detect any low levels. Ideally, we have to use a more sophisticated formula that fits volume distribution better.
In this indicator, you can set the following parameters:
Choose type: Percentile or Sigma
Lookback Period
High/Low Percentiles
Sigmas #
You can also receive alerts for high/low volume events.
Disclaimer
Please remember that past performance may not indicate future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
Bharat Jhunjhunwala v2- Volume Color CodingPurpose of the Script
This script is designed for traders in India to visualize and analyze trading volume in the stock market. It colors the volume bars based on how the current trading volume compares to its average over the past 20 periods. This helps traders quickly identify unusual trading activity.
How It Works Step by Step
Setting Up the Indicator
Name & Display: The script is named "Bharat Jhunjhunwala- Volume Color Coding" and it displays below the main stock chart (overlay=false).
Volume Format: It formats the data specifically for volume (format=format.volume).
User Input
Volume Moving Average Period: Users can set how many periods (e.g., days) to consider for calculating the average volume. By default, it's set to 20 periods, and users can adjust this if needed.
Predefined Volume Ratios
The script uses fixed ratios to categorize the current volume:
Ultra High Volume: 3.0 times the average volume.
High Volume: 1.8 times the average volume.
Ultra Low Volume: Between 0.4 and 0.7 times the average volume.
Note: These ratios are hardcoded, meaning users cannot change them.
Calculating the Average Volume
The script calculates the Simple Moving Average (SMA) of the volume over the specified number of periods (default is 20). This average helps determine what "normal" volume looks like.
Determining Volume Levels
Ultra High Volume: If the current volume is 3 times or more the average, it's flagged as ultra high.
High Volume: If the current volume is 1.8 times or more but less than ultra high, it's flagged as high.
Ultra Low Volume: If the current volume is between 0.4 and 0.7 times the average, it's flagged as ultra low.
Normal Volume: Any volume that doesn't fit the above categories is considered normal.
Color Coding the Volume Bars
Based on the volume level determined:
Red: Ultra High Volume
Orange: High Volume
Blue: Ultra Low Volume
Green: Normal Volume
This color coding makes it easy to spot unusual trading activity at a glance.
Plotting on the Chart
Volume Bars: The script plots the actual trading volume as colored bars according to the categories above.
Volume Moving Average Line: It also plots the 20-period moving average of the volume as a green line. This line serves as a reference to compare current volumes against the average.
Why This is Useful
Quick Identification: Traders can instantly see when there's unusually high or low trading activity, which might indicate significant market moves or investor interest.
Trend Analysis: By comparing current volume to the moving average, traders can assess whether the current market behavior is stronger or weaker than usual.
Decision Making: Colored volume bars can help in making informed trading decisions, such as entering or exiting positions based on volume spikes or drops.
Customization
Adjusting the Moving Average: While the volume ratios are fixed, traders can change the number of periods used to calculate the moving average to better fit different trading strategies or time frames.
Summary
This script enhances the standard volume indicator by adding color-coded signals based on predefined volume thresholds relative to a moving average. It's a helpful tool for Indian stock traders to monitor and react to changes in trading volume effectively.
OPINICUS VOLUME DATA - Time Of Day Relative Volume (RVOL)This tool calculates the relative volume (RVOL) based on the normal average volume at that particular time of day.
Relative volume is a powerful piece of information because it offers a gauge as to whether a stock is in play or not. If RVOL is less than 1 it is not in play on this trading day or during this timeframe. If RVOL is above 2, it IS in play and can potentially be traded.
This script allows you to determine if relative volume is average, above average, 2x, or 3x via different color volume bars, at that particular time of day.
There are 2 different settings on this volume indicator.
The first setting is "Gradient." This is the preferred setting, and the one I personally use. Gradient is going to show you different color volume bars based on the RVOL multiple.
The color scheme is as follows:
Gray for average volume
Red if RVOL is between 1.0 and 1.5
Orange if RVOL is between 1.5 and 2
Green if RVOL is between 2.0 and 3.0
Lime green (bright green) if RVOL is greater than 3.
The second setting is "Price." This setting simply shows you the color of the candlestick. This is useful if you find the gradient setting to be too distracting, but still want to see if there is increased relative volume.
There is an alerts setting, which I find to be useful but can also be very distracting. If you leave the "Alert At RVOL %" setting at 0, then alerts will only be triggered if the current candle exceeds the 1.0 (100%) RVOL level. This happens far too frequently, so I prefer to put the alert at 2 or 3. If you change the "Alert At RVOL %" setting then alerts will be triggered if the RVOL percentage (blue number) exceeds your given value. The blue number is a percentage of the average, so if it’s at 1, then it’s 100% of the average.
Note: This tool does not work if you have after-hours or pre-market data displayed. The preferred setting for this tool is the 15' chart, with a 21 day look back period. It is also very useful on the daily chart when doing higher timeframe research.
Volume Sentiment Pro (NTY88)Volume Sentiment Edge: Smart Volume & RSI Trading System
Description:
Unlock the power of volume-driven market psychology combined with precision RSI analysis! This professional-grade indicator identifies high-probability trading opportunities through:
🔥 Key Features
1. Smart Volume Spike Detection
Auto-detects abnormal volume activity with adaptive threshold
Clear spike labels & multi-timeframe confirmation
RSI-Powered Sentiment Analysis
Real-time Bullish/Bearish signals based on RSI extremes
Combined volume-RSI scoring system (Strong Bull/Bear alerts)
2. Professional Dashboard
Instant sentiment status table (bottom-right)
Color-coded momentum strength visualization
Customizable themes for all chart styles
3. Institutional-Grade Tools
HTF (Daily/Weekly) volume confirmation
EMA trend-filtered momentum signals
Spike-to-Threshold ratio monitoring
4. Trade-Ready Alerts
Pre-configured "Bullish Setup" (Spike + Oversold RSI)
"Bearish Setup" (Spike + Overbought RSI)
Why Traders Love This:
✅ Real-Time Visual Alerts - SPIKE markers above bars + table updates
✅ Adaptive Thresholds - Self-adjusting to market volatility
✅ Multi-Timeframe Verification - Avoid false signals with HTF confirmation
✅ Customizable UI - 10+ color settings for perfect chart integration
Usage Scenarios:
Day Traders: Catch volume surges during key sessions
Swing Traders: Confirm reversals with RSI extremes
All Markets: Works equally well on stocks, forex & crypto
Confirmation Tool: Combine with your existing strategy
Sample Setup:
"Enter long when:
5. RED SPIKE label appears
Table shows 'Oversold RSI'
Momentum status turns 'Bullish'
Volume exceeds daily average (Confirmed)"
📈 Try Risk-Free Today!
Perfect for traders who want:
Clean, non-repainting signals
Institutional-level volume analysis
Professional visual feedback
Customizable trading rules
⚠️ Important: Works best on 15m-4h timeframes. Combine with price action for maximum effectiveness.
📜 Legal Disclaimer
By using this indicator, you agree to the following terms:
Not Financial Advice
This tool provides technical analysis only. It does NOT constitute investment advice, financial guidance, or solicitation to trade.
High Risk Warning
Trading financial instruments carries substantial risk. Past performance ≠ future results. Never risk capital you cannot afford to lose.
No Guarantees
Signals are based on historical data and mathematical models. Market conditions may change rapidly, rendering previous patterns ineffective.
User Responsibility
You alone bear 100% responsibility for trading decisions. We expressly disclaim liability for any profit/loss resulting from this tool's use.
Professional Consultation
Always consult a licensed financial advisor before taking positions. This tool should NEVER be used as sole decision-making criteria.
Educational Purpose
This indicator is provided "as is" for informational/educational use only. No representation is made about its accuracy or completeness.
Third-Party Data
We do not verify exchange data accuracy. Use signals at your own discretion after independent verification.
Volume Spike LevelsThis trading indicator finds specific high volume patterns that we have found to be the most likely to act as strong support and resistance levels and plots them on the chart. Using those high probability levels, the indicator will show lines in real time, as well as lines and important zones at the beginning of higher time frames to give you specific levels and areas where price is likely to react.
The most important volume zone for each time frame will have a color fill between the top and bottom lines of that high probability zone so you know to pay extra close attention to that area and look for price reactions there. If you can be patient enough to wait for price to hit these important areas and start to reverse, you will get great entries and help keep yourself from overtrading.
The levels shown can be adjusted to suit your preference, allowing you to get the right amount of levels for your trading strategy, whether that be scalping the 1 minute chart or long term investing via the daily chart.
HOW TO USE
For best results with this indicator, look for 2 types of setups. The first setup is a continuation bounce. You should be looking for these when price has broken out of its recent trading range either to the upside or the downside. When price is extending like this, look to take entries once a volume spike level shows up on the chart and price retraces back to that level. Then take your entry in the same direction as the trend. You can scalp quick wins this way, or you can wait for the next volume spike level to show up and price can’t hold that level any more, then get out. Place your stop loss just beyond the pivot that bounced off of the volume level.
The second type of setup you should look for is a reversal setup. This setup should be used when the market is ranging. Look for the top and bottom of the recent range and find the volume spike levels near the top or bottom of that range and wait for price to reach those levels. Once price hits that level and starts to show a reversal in price, take your entry. You can take quick scalps from those reversals for quick wins, or you can wait for price to reach the next major volume spike level and get out there or just before it. Place your stop loss just beyond the pivot that price made at the volume spike level where you entered your trade.
No matter which setup you are trading, it is never a bad idea to trail your stop loss as price moves towards your take profit level. Whatever volume spike timeframes you are using for your overall trend, you can use a lower time frame volume spike level to give you price points to trail your stop loss to there once price gets supportive at those levels and moves past them.
You should also pay close attention to how price reacts to the important volume zones shown. Many times, price will range inside or near these zones for a while and then form an accumulation just above or below that zone. When this happens, it is likely that price will start to move quickly in the direction that price moved away from that important zone. So when you see the price range inside of these zones and then go just beyond the zone on either side and accumulate, look to trade that breakout of the zone in the same direction that it moved away from the zone.
Note that on lower time frame charts, you will not be able to get some higher time frame levels because Tradingview limits the number of historical bars it can calculate on. So if you are on the 1-5 minute chart, you won’t be able to get yearly or quarterly levels late in the year/quarter due to the number of bars it has to calculate for those levels to populate is beyond the number of allowed bars. You can work around this by manually going to the daily chart and getting the yearly levels and drawing a horizontal line on your chart at the levels shown so that you still have those levels on your lower time frame charts. Unfortunately there is no way for us to work around this with code.
Each setting in the settings panel has a tooltip that will explain that specific setting so you understand how to use it. Just hover your mouse over the “i” icon and it will show a popup with the info. For the non-real time levels, the daily level settings will have the tooltips explaining everything and that info applies to all of the non-real time levels.
MODES
The indicator has two different modes you can use that will affect how the real time levels show up on your chart but will not affect the higher time frame levels. The default mode will give you static horizontal lines only. This means that when a high probability volume spike level comes in, a horizontal line will be drawn and will extend as long as the timeframe that the level is set to. For example a 60 minute volume spike time frame will extend the line for 60 minutes on the chart and then end. These lines will be drawn individually and will not update.
The second mode will give you variable lines and will show a color fill based on where price is in relation to all of the real time levels that are turned on. So if the price is above a level, it will color the background green and if the price is below a level, it will color the background red. This helps identify the trend of price compared to where the high probability volume spike levels came in so you can trade in the direction of the trend. With this mode, the lines for each time frame will update to the new level when a new volume spike for that time frame happens.
ALERTS
The indicator has alerts programmed for each different type of volume spike level that is available to add to your chart. So you can set an alert for when a new volume spike happens on any of the real time volume spike time frames, when price crosses the most recent real time volume spike level for each time frame, alert when any real time volume spike happens, alert when price crosses any of the higher time frame volume levels and also when price has crossed the upper or lower level of any of the important volume zones. Each alert is labeled the same as in the indicator settings so you can easily select which one you want.
For alerts to work properly, you have to have the levels turned on for whatever alerts you use. For example if you want an alert for Realtime 2 Volume Spikes, the Realtime 2 Volume Spike Levels must be turned on and shown on your chart.
Note that when using the alerts for price crossing a level, it will only alert when price crosses the most recent volume spike level. It will not alert when price crosses a previous level of the same time frame.
CUSTOMIZATION
You can customize nearly every feature of this indicator to tailor it to your specific trading style. Some of the customizable features are as follows: turn on or off labels for each time frame, turn on or off the color fills for important volume zones for each time frame, turn on or off the levels for each time frame, adjust the number of previous levels shown for each time frame, change the length of the lines for each time frame, extend the lines right for each time frame, change the color of the lines for each time frame, adjust the color fill colors for important volume zones, adjust the label colors and adjust the label offset length.
We also included some master settings to allow you to control various settings across all time frames with one click. These settings are as follows: turn on or off all labels, turn on or off all realtime levels, remove all lines except the most important volume zone on every time frame, turn on or off all color fills of important zones, adjust the background color fill of the trend coloring when set to variable lines and adjust the background color of all important zones.
There is also a feature that may need to be adjusted when you are looking at charts that do not have a lot of historical data. It will say the index is out of bounds, so look at the index number that the error shows by hovering over the red exclamation point next to the indicator name and adjust the setting labeled “Bar Index Threshold To Fix Errors” to a number that is slightly higher than the index number in the error message. This will fix the error by changing the calculations slightly to adjust for the bar indexes of that specific chart.
MARKETS IT CAN BE USED ON
This indicator can be used on any market that has volume data, including stocks, crypto, futures, forex and more.
TIME FRAMES IT CAN BE USED ON
This indicator has been programmed to work on the following time frames: 15 seconds, 30 seconds, 1 minute, 2 minute, 3 minute, 4 minute, 5 minute, 10 minute, 15 minute, 30 minute, 45 minute, 1 hour, 2 hour, 3 hour, 4 hour, 6 hour, 8 hour, 12 hour, 1 day, 2 day, 3 day, 1 week, 2 week, 1 month, 3 month and 1 year.
If you use a different time frame than shown above, you may get errors or irregular results, so please stick to the time frames that the trading indicator has been programmed to work correctly with.
Follow the Volumes / Path of Least ResistanceThis indicator tracks price movements following significant volume increases. It identifies volume spikes by comparing recent average volume to a longer-term average. After a spike, it monitors price changes over a specified number of bars.
In plain English, the point of this is to “let the market show it’s hand”, vs. other common and preemptive methods of execution.
You can think of it as a better version of a volume up/down indicator which only uses opening and closing prices to identify "bullish" or "bearish" behavior.
To optimize this, I used a very small range chart, hence the small values. You will need to experiment with other values, ESPECIALLY the % change. If you do not do this, the indicator will generate a lot of noise.
The indicator has three main conditions:
1. Significant price increase, bullish: A green triangle appears below the bar.
2. Significant price decrease, bearish: A red triangle appears above the bar.
3. Price change within thresholds: A fuschia triangle appears, pointing up or down based on the overall (short-term) trend. This is common behavior during trends. A spike in volume will appear, and price simply does not budge. Volume/price is essentially declaring a new found value, in which case prices tend to follow the impulse movement (see market profile theory).
The color scheme is intuitive: green for positive moves, red for negative, and fuschia for subtle changes following the existing trend. Blue circles mark volume spikes for reference, which I recommend using only for reference, and disabling to remove unneeded noise.
Because this indicator "lags" in the sense of waiting for the market to show its hand, best opportunities are typically found on retests of the volume spikes themselves. On drives, however, the market will unlikely pullback, which (in my view) is one of its best use cases.
Bottom line, you will need to adjust the parameters to the instrument. This is not a plug and play solution, but far more accurate than those which are.
Settings, and what they mean:
Volume spike average bars: length for identification of high volumes. On smaller timeframes, such as my optimization period, you’ll want several bars. But on something such as a 5 minute or higher, only 1.
Lookback period: for identification of high volumes.
Volume Increase Threshold (%): % which constitutes a jump in volume
Bars After Spike: How long to wait for ensuing price movement. Also sensitive to the timeframe you are using. 1-2 recommended for 5m+, more for smaller range-based.
Negative Price Change Threshold (%): For red arrows (Volume + Price Movement)
Positive Price Change Threshold (%): Inverse of above
WMA Period for Stability Function: When price spikes on high volumes but does not move (price is “trapped” between negative and positive price change thresholds) the indicator marks direction (in fuchsia) in the direction of the underlying trend. This short-term MA identifies that trend.
Finally, because this indicator is volume-based, I recommend using primary instruments only and discourage its use on CFDs or other firm-generated instruments. Just use the primary. I would ignore signals off the open, which is subject to erroneous behavior. Other methods are far more effective for that.
This script is purposely uncomplicated. Feel free to play with settings and change code to suit your needs.
Volume Breakout by Chosen VolumeDescription:
The Volume Breakout indicator (VB) is a technical analysis tool that highlights candles with significant trading volume. It helps traders identify potential breakout periods characterized by high volume activity.
How it Works:
The Volume Breakout indicator compares the volume of each candle with a user-defined minimum volume threshold. If the volume of a candle exceeds or is equal to the specified minimum volume requirement, the indicator identifies it as a volume breakout and marks it accordingly.
Usage:
To effectively utilize the Volume Breakout indicator, follow these steps:
1. Apply the VB indicator to your chart by adding it from the available indicators.
2. Customize the minimum required volume parameter according to your trading preferences. This parameter determines the threshold volume level that a candle must meet or exceed to be considered a breakout candidate.
3. Observe the candles on the chart:
- Candles that meet or exceed the minimum required volume are highlighted with a specific color (yellow by default), indicating potential breakout periods.
4. Pay attention to the volume breakout indications within the candles, as they suggest periods of increased trading activity.
5. Analyze the price action accompanying the volume breakout candles. Breakouts often indicate a surge in buying or selling pressure, potentially leading to significant price moves or trend reversals.
6. Combine the analysis of volume breakout candles with other technical analysis tools, such as trend lines, support and resistance levels, or indicators, to confirm potential trade setups.
7. Implement appropriate risk management strategies, including setting stop-loss orders and position sizing, to manage your trades effectively and protect your capital.
TIL Candle Volume HeatmapTrading Indicator Lab’s Candle Volume Heatmap for TradingView merges volume with price by applying gradient colors in the bars. It can also detect bars that have the most volume and the least volume.
Gradient Coloring
When applied to a chart, the Candle Volume Heatmap indicator applies colors to each bar which may vary according to its number of volume. The chart becomes a heatmap where you can easily spot which parts of the chart that are “hottest” or the bars that had the greatest number of volume and the “coldest” or ones that had the least volume. The indicator uses colors that transitions from BLUE to RED where shades closer to blue are “cold” (low volume) and those that are more in the shade of red are considered “hot” (high volume).
- Blue candlesticks – has low volume
- Red candlesticks – has high volume
High and Low Volume Bars
In addition to bar color changes, the Candle Volume Heatmap indicator also marks bars that have the lowest and highest volume within a certain length. Low and high-volume bars are marked as follows.
- – Low volume bars are marked with a small cross above them signifying a very low volume. Please note that this symbol always appears in new bars which are only starting to accumulate volume.
- – High volume bars are marked with a large plus sign above them signifying a very high volume. These bars along with other red-colored bars are the ones that should be monitored most.
Uses
Identifying low and high-volume bars can be useful in determining whether there is weight or “force” behind the price action that occurs in each bar. High volume bars can be used to validate candlestick reversal patterns and confirm breakouts in support and resistance levels.
Available Alert Conditions
- High Volume – triggers when a high-volume bar (marked with a plus sign) is detected
- Low Volume – triggers when a low-volume bar (marked with a cross sign) is detected
Inputs
- Length – sets the number of bars the indicator analyzes at each execution.
- Color Gradient – sets the color set for applying the heatmap on the chart candlesticks. Choices available are Blue-Red (good for light mode) and Yellow-Red (good for dark mode). Red color always signifies the highest concentration of volume.
- Apply Heatmap Colors – applies the color gradient on the chart candlesticks to indicate the amount of volume in each one
- Display Markers Below – moves the position of the high volume (plus) and low volume (cross) markers below the candlestick
Volume Analysis - Heatmap and Volume ProfileHello All!
I have a new toy for you! Volume Analysis - Heatmap and Volume Profile . Honestly I started to work to develop Volume Heatmap then I decided to improve it and add more features such Volume profile, volume, difference in Buy/Sell volumes etc. I tried to put my abilities into this script and tried to use some new Pine Language™ features ( method, force_overlay, enum etc features ). I hope the usage of these new features would be an example for Pine Programmers.
Lets talk about how it works:
- It gets number of Rows/Columns from the user for each candle to create heatmap
- It calculates the number of the candles to analyze. Number of the candles may change by number of Rows/columns or if any volume / difference in volumes / volume profile is enabled
- It gets Closing/Opening price, Volume and Time info from lower time frame for each candle ( it can be up to 100K for each candle )
- After getting the data it calculates lower time frame to analyze
- Then it calculates how closing price moves, how much volume on each move and create boxes by the volume/move in each box
- The colors for each box calculated by volume info and closing price movements in the lower time frame
- It shows the boxes on Absolute places or Zero Line optionally
- it shows Volume, Cumulative volume, Difference between Buy/Sell volume for each column
- it changes empty box color by Chart background color, also you can change transparency
- At this time it creates Volume Profile with up to 25 rows
- As a new Pine Language™ feature, it can show Volume Profile in the indicator window or in Main chart, shows Value Area, Value Area High (VAH), Value Area Low (VAL), and draw it and POC (Point Of Control) in the indicator window and/or in the main chart
- Honestly the feature I like is that: For the markets that are not open 24/7, it combines the data from the lower time period without any gaps. For example, if you work for a market that is closed on Saturdays and Sundays, it ensures data integrity by omitting weekends and holidays. so for example if the data is like "ABC---DEF-X---YL-Z" then it makes this data like "ABCDEFXYLZ". In this way, there will be no data breaks in the displayed boxes, there will be no empty colons, and it will appear as if data is coming in at any time.
- Finally it shows Info Panel to give info, its background color automatically changes by the Chart background color
- Important! You should set your "Plan" accordingly, your plan is "Premium or Higher" or "Lower tier". so the script can understand the minimum time frame it can get data!!
I tried to share many screenshots below to explain it much better
How it looks?
it shows Highest Buy/Sell volumes brighter, move volume -> brighter
Volume Profile ( up to 25 row s) ( number of contained candles should be more than 1 )
Volume Profile can be shown in the main chart optionally
How the main chart looks:
Closing price shown and you can enable it, change colors & line width
Can include many candles according to Row&Column number you set
Optionally it can show cumulative volume for each candle
Closing prices from lower time frame
Shows Candle Body by changing background colors
It can shows all included candles on Zero line
You can change the colors of many things
You can set Empty box and border transparency
Table, Empty box Colors adjustment done automatically by chart background color
Sometimes we can not get data from some historical candles if time frame is high such 2days, 1 week etc, and it looks like:
It also checks if Chart time frame and Chart type is suitable
Enjoy!
Auto Volume Spread Analysis (VSA) [TANHEF]Auto Volume Spread Analysis (visible volume and spread bars auto-scaled): Understanding Market Intentions through the Interpretation of Volume and Price Movements.
All the sections below contain the same descriptions as my other indicator "Volume Spread Analysis" with the exception of 'Auto Scaling'.
█ Auto-Scaling
This indicator auto-scales spread bars to match the visible volume bars, unlike the previous "Volume Spread Analysis " version which limited the number of visible spread bars to a fixed count. The auto-scaling feature allows for easier navigation through historical data, enabling both more historical spread bars to be viewed and more historical VSA pattern labels being displayed without requiring using the bar replay tool. Please note that this indicator’s auto-scaling feature recalculates the visible bars on the chart, causing the indicator to reload whenever the chart is moved.
Auto-scaled spread bars have two display options (set via 'Spread Bars Method' setting):
Lines: a bar lookback limit of 500 bars.
Polylines: no bar lookback limit as only plotted on visible bars on chart, which uses multiple polylines are used.
█ Simple Explanation:
The Volume Spread Analysis (VSA) indicator is a comprehensive tool that helps traders identify key market patterns and trends based on volume and spread data. This indicator highlights significant VSA patterns and provides insights into market behavior through color-coded volume/spread bars and identification of bars indicating strength, weakness, and neutrality between buyers and sellers. It also includes powerful volume and spread forecasting capabilities.
█ Laws of Volume Spread Analysis (VSA):
The origin of VSA begins with Richard Wyckoff, a pivotal figure in its development. Wyckoff made significant contributions to trading theory, including the formulation of three basic laws:
The Law of Supply and Demand: This fundamental law states that supply and demand balance each other over time. High demand and low supply lead to rising prices until demand falls to a level where supply can meet it. Conversely, low demand and high supply cause prices to fall until demand increases enough to absorb the excess supply.
The Law of Cause and Effect: This law assumes that a 'cause' will result in an 'effect' proportional to the 'cause'. A strong 'cause' will lead to a strong trend (effect), while a weak 'cause' will lead to a weak trend.
The Law of Effort vs. Result: This law asserts that the result should reflect the effort exerted. In trading terms, a large volume should result in a significant price move (spread). If the spread is small, the volume should also be small. Any deviation from this pattern is considered an anomaly.
█ Volume and Spread Analysis Bars:
Display: Volume and spread bars that consist of color coded levels, with the spread bars scaled to match the volume bars. A displayable table (Legend) of bar colors and levels can give context and clarify to each volume/spread bar.
Calculation: Levels are calculated using multipliers applied to moving averages to represent key levels based on historical data: low, normal, high, ultra. This method smooths out short-term fluctuations and focuses on longer-term trends.
Low Level: Indicates reduced volatility and market interest.
Normal Level: Reflects typical market activity and volatility.
High Level: Indicates increased activity and volatility.
Ultra Level: Identifies extreme levels of activity and volatility.
This illustrates the appearance of Volume and Spread bars when scaled and plotted together:
█ Forecasting Capabilities:
Display: Forecasted volume and spread levels using predictive models.
Calculation: Volume and Spread prediction calculations differ as volume is linear and spread is non-linear.
Volume Forecast (Linear Forecasting): Predicts future volume based on current volume rate and bar time till close.
Spread Forecast (Non-Linear Dynamic Forecasting): Predicts future spread using a dynamic multiplier, less near midpoint (consolidation) and more near low or high (trending), reflecting non-linear expansion.
Moving Averages: In forecasting, moving averages utilize forecasted levels instead of actual levels to ensure the correct level is forecasted (low, normal, high, or ultra).
The following compares forecasted volume with actual resulting volume, highlighting the power of early identifying increased volume through forecasted levels:
█ VSA Patterns:
Criteria and descriptions for each VSA pattern are available as tooltips beside them within the indicator’s settings. These tooltips provide explanations of potential developments based on the volume and spread data.
Signs of Strength (🟢): Patterns indicating strong buying pressure and potential market upturns.
Down Thrust
Selling Climax
No Effort ➤ Bearish Result
Bearish Effort ➤ No Result
Inverse Down Thrust
Failed Selling Climax
Bull Outside Reversal
End of Falling Market (Bag Holder)
Pseudo Down Thrust
No Supply
Signs of Weakness (🔴): Patterns indicating strong selling pressure and potential market downturns.
Up Thrust
Buying Climax
No Effort ➤ Bullish Result
Bullish Effort ➤ No Result
Inverse Up Thrust
Failed Buying Climax
Bear Outside Reversal
End of Rising Market (Bag Seller)
Pseudo Up Thrust
No Demand
Neutral Patterns (🔵): Patterns indicating market indecision and potential for continuation or reversal.
Quiet Doji
Balanced Doji
Strong Doji
Quiet Spinning Top
Balanced Spinning Top
Strong Spinning Top
Quiet High Wave
Balanced High Wave
Strong High Wave
Consolidation
Bar Patterns (🟡): Common candlestick patterns that offer insights into market sentiment. These are required in some VSA patterns and can also be displayed independently.
Bull Pin Bar
Bear Pin Bar
Doji
Spinning Top
High Wave
Consolidation
This demonstrates the acronym and descriptive options for displaying bar patterns, with the ability to hover over text to reveal the descriptive text along with what type of pattern:
█ Alerts:
VSA Pattern Alerts: Notifications for identified VSA patterns at bar close.
Volume and Spread Alerts: Alerts for confirmed and forecasted volume/spread levels (Low, High, Ultra).
Forecasted Volume and Spread Alerts: Alerts for forecasted volume/spread levels (High, Ultra) include a minimum percent time elapsed input to reduce false early signals by ensuring sufficient bar time has passed.
█ Inputs and Settings:
Indicator Bar Color: Select color schemes for bars (Normal, Detail, Levels).
Indicator Moving Average Color: Select schemes for bars (Fill, Lines, None).
Price Bar Colors: Options to color price bars based on VSA patterns and volume levels.
Legend: Display a table of bar colors and levels for context and clarity of volume/spread bars.
Forecast: Configure forecast display and prediction details for volume and spread.
Average Multipliers: Define multipliers for different levels (Low, High, Ultra) to refine the analysis.
Moving Average: Set volume and spread moving average settings.
VSA: Select the VSA patterns to be calculated and displayed (Strength, Weakness, Neutral).
Bar Patterns: Criteria for bar patterns used in VSA (Doji, Bull Pin Bar, Bear Pin Bar, Spinning Top, Consolidation, High Wave).
Colors: Set exact colors used for indicator bars, indicator moving averages, and price bars.
More Display Options: Specify how VSA pattern text is displayed (Acronym, Descriptive), positioning, and sizes.
Alerts: Configure alerts for VSA patterns, volume, and spread levels, including forecasted levels.
█ Usage:
The Volume Spread Analysis indicator is a helpful tool for leveraging volume spread analysis to make informed trading decisions. It offers comprehensive visual and textual cues on the chart, making it easier to identify market conditions, potential reversals, and continuations. Whether analyzing historical data or forecasting future trends, this indicator provides insights into the underlying factors driving market movements.
Volume Profile with Node Detection [LuxAlgo]The Volume Profile with Node Detection is a charting tool that allows visualizing the distribution of traded volume across specific price levels and highlights significant volume nodes or clusters of volume nodes that traders may find relevant in utilizing in their trading strategies.
🔶 USAGE
The volume profile component of the script serves as the foundation for node detection while encompassing all the essential features expected from a volume profile. See the sub-sections below for more detailed information about the indicator components and their usage.
🔹 Peak Volume Node Detection
A volume peak node is identified when the volume profile nodes for the N preceding and N succeeding nodes are lower than that of the evaluated one.
Displaying peak volume nodes along with their surrounding N nodes (Zones or Clusters) helps visualize the range, typically representing consolidation zones in the market. This feature enables traders to identify areas where trading activity has intensified, potentially signaling periods of price consolidation or indecision among market participants.
🔹 Trough Volume Node Detection
A volume trough node is identified when the volume profile nodes for the N preceding and N succeeding nodes are higher than that of the evaluated one.
🔹 Highest and Lowest Volume Nodes
Both the highest and lowest volume areas play significant roles in trading. The highest volume areas typically represent zones of strong price acceptance, where a significant amount of trading activity has occurred. On the other hand, the lowest volume areas signify price levels with minimal trading activity, often indicating zones of price rejection or areas where market participants have shown less interest.
🔹 Volume profile
Volume profile is calculated based on the volume of trades that occur at various price levels within a specified timeframe. It divides the price range into discrete price intervals, typically known as "price buckets" or "price bars," and then calculates the total volume of trades that occur at each price level within those intervals. This information is then presented graphically as a histogram or profile, where the height of each bar represents the volume of trades that occurred at that particular price level.
🔶 SETTINGS
🔹 Volume Nodes
Volume Peaks: Toggles the visibility of either the "Peaks" or "Clusters" on the chart, depending on the specified percentage for detection.
Node Detection Percent %: Specifies the percentage for the Volume Peaks calculation.
Volume Troughs: Toggles the visibility of either the "Troughs" or "Clusters" on the chart, depending on the specified percentage for detection.
Node Detection Percent %: Specifies the percentage for the Volume Troughs calculation.
Volume Node Threshold %: A threshold value specified as a percentage is utilized to detect peak/trough volume nodes. If a value is set, the detection will disregard volume node values lower than the specified threshold.
Highest Volume Nodes: Toggles the visibility of the highest nodes for the specified count.
Lowest Volume Nodes: Toggles the visibility of the lowest nodes for the specified count.
🔹 Volume Profile - Components
Volume Profile: Toggles the visibility of the volume profile with either classical display or gradient display.
Value Area Up / Down: Color customization option for the volume nodes within the value area of the profile.
Profile Up / Down Volume: Color customization option for the volume nodes outside of the value area of the profile.
Point of Control: Toggles the visibility of the point of control, allowing selection between "developing" or "regular" modes. Sets the color and width of the point of control line accordingly.
Value Area High (VAH): Toggles the visibility of the value area high level and allows customization of the line color.
Value Area Low (VAL): Toggles the visibility of the value area low level and allows customization of the line color.
Profile Price Labels: Toggles the visibility of the Profile Price Levels and allows customization of the text size of the levels.
🔹 Volume Profile - Display Settings
Profile Lookback Length: Specifies the length of the profile lookback period.
Value Area (%): Specifies the percentage for calculating the value area.
Profile Placement: Specify where to display the profile.
Profile Number of Rows: Specify the number of rows the profile will have.
Profile Width %: Adjusts the width of the rows in the profile relative to the profile range.
Profile Horizontal Offset: Adjusts the horizontal offset of the profile when it is selected to be displayed on the right side of the chart.
Value Area Background: Toggles the visibility of the value area background and allows customization of the fill color.
Profile Background: Toggles the visibility of the profile background and allows customization of the fill color.
🔶 RELATED SCRIPTS
Supply-Demand-Profiles
Liquidity-Sentiment-Profile
Thanks to our community for recommending this script. For more conceptual scripts and related content, we welcome you to explore by visiting >>> LuxAlgo-Scripts .
Volumetric Fair Value Gaps [AlgoAlpha]🎯 Introducing the Volumetric Fair Value Gaps by AlgoAlpha 🎯
Embrace the power of volume and price action with the Volumetric Fair Value Gaps (VFVG) indicator, designed meticulously by AlgoAlpha. This innovative tool enhances your charting capabilities by highlighting fair value gaps in real-time, facilitating superior market entry and exit decisions. 🚀📈
🔍 Key Features:
🔹 Fair Value Gap Detection: Utilizes price action and volume to identify significant fair value gaps, offering potential high-probability trading opportunities.
🔹 Adjustability: Customize the sensitivity with 'FVG Noise Reduction Length' and 'Noise Reduction Factor' to match the volatility and characteristics of the asset being traded.
🔹 Visual Appeal: Displays bullish gaps in a soothing Bullish Color and bearish gaps in a striking Bearish Color, making it easy to spot and analyze trends on the fly.
🔹 Overlay Feature: Plots directly on the price chart for seamless integration and analysis.
🌟 Quick Guide to Using the Volumetric Fair Value Gaps Indicator:
🛠 Add the Indicator: Add the indicator to favourites and set it up with your desired settings.
📊 Market Analysis: Watch for the appearance of colored boxes (blue for bearish, gray for bullish) which represent the fair value gaps. These are high-probability areas for reversals or continuations. FVGs with higher volume are implied to induce a stronger reaction on price.
🔔 Alerts: Set up alerts to notify you when new gaps are detected, ensuring you never miss out on potential trades!
🛠 How It Works:
The Volumetric Fair Value Gaps (VFVG) indicator identifies significant price gaps that are not just based on price action but are also substantiated by volume, which are often overlooked in typical analyses. It operates by comparing the current candle’s price range against historical averages and is calculated over a user-defined period, displayed with volume for further insights. For a gap to be recognized as significant (either bullish or bearish), it must exceed a certain size relative to these averages, which can be adjusted for sensitivity using the provided settings. Bullish gaps are identified when the current low is higher than the second previous high after surpassing the threshold, and bearish gaps are marked when the current high is below the second previous low, similarly surpassing the threshold. This dual-confirmation (volume and price deviation) approach minimizes false signals and enhances the reliability of identified gaps.
Maximize your trading strategy with the VFVG Indicator by AlgoAlpha and turn those gaps into opportunities! 🌈✨
Volume Profile - BearJust another Volume Profile but you can fit into your chart better by moving back and forth horizontally. also note you can fix the number of bars to show the volume by that way you can use a fib retracment to line up high/low volume nodes with fib levels... see where price as bad structure. or just play with the colors to make a cool gradient?
Volume Profile is a technical analysis tool used by traders to analyze the distribution of trading volume at different price levels within a specified time frame. It helps traders identify key support and resistance levels, potential areas of price reversals, and areas of high trading interest. Here's how to read Volume Profile on a trading chart:
1. **Choose a Time Frame**: Decide on the time frame you want to analyze. Volume Profile can be applied to various time frames, such as daily, hourly, or even minute charts. The choice depends on your trading style and goals.
2. **Plot the Volume Profile**: Once you have your chart open, add the Volume Profile indicator. Most trading platforms offer this tool. It typically appears as a histogram or a series of horizontal bars alongside the price chart.
3. **Identify Key Elements**:
a. **Value Area**: The Value Area represents the price range where the majority of trading volume occurred. It is often divided into three parts: the Point of Control (POC) and the upper and lower value areas. The POC is the price level where the most trading activity occurred and is considered a significant support or resistance level.
b. **High-Volume Nodes**: High-volume nodes are price levels where there was a significant amount of trading volume. These nodes can act as support or resistance levels because they represent areas where many traders had their positions.
c. **Low-Volume Areas**: Conversely, low-volume areas are price levels with little trading activity. These areas may not provide strong support or resistance because they lack significant trader interest.
4. **Interpretation**:
- If the price is trading above the POC and the upper value area, it suggests bullish sentiment, and these levels may act as support.
- If the price is trading below the POC and the lower value area, it suggests bearish sentiment, and these levels may act as resistance.
- High-volume nodes can also act as support or resistance, depending on the price's current position relative to them.
5. **Confirmation**: Volume Profile should be used in conjunction with other technical analysis tools and indicators to confirm trading decisions. Consider using trendlines, moving averages, or other price patterns to validate your trading strategy.
6. **Adjust for Different Time Frames**: Keep in mind that Volume Profile analysis can yield different results on different time frames. For example, a support level on a daily chart may not hold on a shorter time frame due to intraday volatility.
7. **Practice and Experience**: Like any trading tool, reading Volume Profile requires practice and experience. Analyze historical charts, paper trade, and refine your strategies over time to gain proficiency.
8. **Stay Informed**: Stay updated with market news and events that can impact trading volume. Sudden news can change the significance of volume levels.
ETN - Volume CandleHighlights candlestick based on volume data.
Indicator looks back and analyzing volume to find the volume bar with the largest numerical value
Indicator highlights the corresponding candlestick .
Indicator marks the high and low of that candlestick.
Users can adjust lookback period. Default is set to 50 .
Users can adjust how the indicator plots the high and low.
I currently have the high and low not being displayed on the charts until I come up with a better version.
On my chart, indicator colored the candlesticks YELLOW.
Wyckoff Wave Volume
What Is Wyckoff Wave Volume and How Does It Work?
It is the cumulative sum of exchanged (sold/bought) shares or contracts on a given wave (downward or upward) in a given time plotted below the chart as volume histogram. It shows how much trade is taking place on a given wave. Values are displayed below the chart as opposed to the Wyckoff Wave Chart indicator which displays these values as numbers plotted on the chart.
As you can see in the attached chart, volume candles usually only show a single buyer and seller exposure on the chart. On a normal volume, "Volume Spike" are clearly visible, which play an important role in the analysis. However, the cumulative volume on a wave gives us much more information and shows exactly on which waves the biggest purchases or the biggest sales take place. As in the attached chart, we can see how buyers aggressively carried out the final accumulation action just before the range breakout. In the analysis of the Wyckoff method, cumulative volume is a key indicator to assess the strength or weakness of the market.
It works very similarly the other way around (distribution). Before the market changes direction after large increases, downward waves are characterized by very high volume, which is drawn on the histogram as ultra-high bars. This is information about the distribution carried out by the players - taking profits after increases or opening shorts.
Wyckoff Wave Volume for TradingView
Wyckoff Wave Volume is the best tool to identify turning points in all markets. Money plays in the market, not set ups. Therefore, in order to earn money, you must play in the same direction as the professionals! It is thanks to the observation of the volume that you can know which side the professionals (Smart Money) are on and trade in accordance with their direction. You can also "look" inside the chart and see on the numbers or graphical histogram who controls the market at a given moment - Buyer or the Seller.
Let's Start From The Beginning!
Wyckoff Wave Volume created by Richard Wyckoff in early 1930' were a breakthrough in technical analysis. In his famous technical analysis course, he told his students to "think like waves". Volume analysis was an integral part of his way of investing. During the period when Wyckoff was active in the financial markets wave volume was calculated manually, we now have a fully automated version for TradingView. Using Wyckoff Cumulative Volume you will be surprised how well it identifies turning points in all markets and on any time frame. This tool is very helpful in predicting trend changes in all markets like forex, crypto, futures and stocks.
In order for the indicator to work well on all charts, it is necessary to set the appropriate step in its settings.
"Step" is the wave setting to be taken into account when counting the volume on a given swing. The standard setting for each round is 30. This is the measure of pips on which the next upward or downward wave is to be counted. However, for individual assets, these settings can be adjusted individually.
Volume Forecasting [LuxAlgo]The Volume Forecasting indicator provides a forecast of volume by capturing and extrapolating periodic fluctuations. Historical forecasts are also provided to compare the method against volume at time t .
This script will not work on tickers that do not have volume data.
🔶 SETTINGS
Median Memory: Number of days used to compute the median and first/third quartiles.
Forecast Window: Number of bars forecasted in the future.
Auto Forecast Window: Set the forecast window so that the forecast length completes an interval.
🔶 USAGE
The periodic nature of volume on certain securities allows users to more easily forecast using historical volume. The forecast can highlight intervals where volume tends to be more important, that is where most trading activity takes place.
More pronounced periodicity will tend to return more accurate forecasts.
The historical forecast can also highlight intervals where high/low volume is not expected.
The interquartile range is also highlighted, giving an area where we can expect the volume to lie.
🔶 DETAILS
This forecasting method is similar to the time series decomposition method used to obtain the seasonal component.
We first segment the chart over equidistant intervals. Each interval is delimited by a change in the daily timeframe.
To forecast volume at time t+1 we see where the current bar lies in the interval, if the bar is the 78th in interval then the forecast on the next bar is made by taking the median of the 79th bar over N intervals, where N is the median memory.
This method ensures capturing the periodic fluctuation of volume.
VSA | Volume Spread Analysis [Kintsugi Trading]What is the VSA | Volume Spread Analysis Indicator?
I created this premium volume indicator to find and place high probability forex trades as a part of the Kintsugi Trading 3LS | 3 Line Strike Strategy .
Originally developed by Tom Williams who is considered the father of Volume Spread Analysis, this tool is an amazing indicator and would make a great addition to any trading strategy.
You are free to customize all the inputs:
• 30 | Moving Average-1 Multiplier (Average Volume)
• 0.5 | Moving Average-1 Multiplier (Below Average Volume)
• 1.5 | Moving Average-2 Multiplier (High Volume)
• 3.0 | Moving Average-3 Multiplier (Ultra High Volume)
**Note The default inputs are based on my research and analysis.
Components of The Volume Spread Analysis:
1. The Volume (i.e. activity)
2. The Spread (i.e. range of the price bar)
3. The Close (the closing price of the current bar)
Volume: Volume is the activity of the frequency of transaction of the price change during a specified period of time.
Spread: Spread is the difference between opening and closing price.
Close: Close price tells us where the balance point is at the end of the period.
At Kintsugi Trading we strongly believe that we cannot beat or outperform institutional traders, instead, we have to trade along with them. With that in mind, we follow the footprints of smart players who leave behind trails.
I have designed this indicator so that it is capable of giving signals for all the phenomena explained in Tom William's book.
This Indicator is successful at visualizing the following phenomenon:
• Trapped Buyers
• Trapped Sellers
• Stopping Volume (long)
• Buying Climax
• Selling Climax
Good luck with your trading!
Realtime Volume Stats Panel w Delta, Buy/Sell%, Cumulative DeltaWhat is it?
Displays several realtime volume stats for each bar/candle.
Although it was originally created to be an assist tool for the Market Footprint (available as a separate indicator) to consolidate the numbers into a neat panel below, it can be used independently as an Orderflow Analysis tool as well.
It currently displays the following:
(1) Net Delta Volume for the bar; (2) Total Volume for the bar; (3) Cumulative Delta Volume for bars plotted up till this point (i.e., from the time the tool started collecting realtime data);
(4) Buy Volume for the bar as a percentage of the total volume for the bar; and, (5) Sell Volume for the bar as a percentage of the total volume for the bar.
All labels/colors etc. are configurable to suit your aesthetics.
All data are ONLY AVAILABLE FOR REAL-TIME BARS. The longer you keep a chart open with the study enabled, the more data it collects and displays, and the better your analysis can potentially be.
Note that the data gets reset every time (a) any of the options is changed, (b) the market is switched, (c) the browser is refreshed, or (d) the script is reloaded
DATA ISN'T STORED. I.e., every time a new symbol is loaded, the previous symbol's data is lost. So if you intend to monitor a symbol closely, you would need to keep it loaded all the time (and without tinkering with any of the Settings).
Who is it for?
For ultra short term traders who are used to looking at short term auction orderflow (and price action) to catch buy/sell anomalies and accurate trade entries
For traders who are already using Market Footprint but want the volume stats to be displayed on the bottom pane making for a cleaner interface.
For traders (, irrespective of their method of trading,) who wish to understand what is happening under the hood when a certain price action unfolds. (Who is in control, who got trapped, what does liquidity or the lack thereof look like, etc.)
Market Delta Volume for Realtime BarsWhat is it?
Market Delta Volume Tool for real-time bars
A market delta tool that shows, (1) the volume that got transacted on upticks - or the market buy volume; (2) the volume that got transacted on downticks - or the market sell volume (3) the market delta volume (i.e., market buy volume - market sell volume); (4) the total volume (market buy volume + market sell volume + neutral volume); and (4) the volume that got transacted without a change in price - or the neutral volume (total volume = market buy volume + market sell volume + neutral volume)
NOTE: THIS WORKS ONLY ON REAL-TIME BARS, NOT ON HISTORICAL BARS! The dotted line marks the start of real-time data (i.e., the bar from which the indicator started collecting and displaying data). You will see accurate data only for bars to the right of this line.
The longer you keep a chart open with the study enabled, the more data it collects and displays and the better your analysis can potentially be.
Note that the data gets reset every time any of the options is changed, the market is switched, the browser is refreshed, or the script is reloaded.
DATA ISN'T STORED. I.e., every time a new symbol is loaded/or the same symbol is reloaded, data gets refreshed.
Who is it for?
For traders who are used to analyzing buy/sell activity using market delta information. Especially, short-term trader/scalpers who are used to keeping the same chart open through the trading session.
Also for traders to see and study how anomalies in volume can give clues to buyer/seller absorption, initiative buying/selling etc.
Can be used to better understand VSA as well, although not necessary.
Essentially, this gives real-time delta volume information; use it however you see fit.
Exhausted Volume (Expo)Exhausted Volume (Expo)
DESCRIPTION
Exhausted Volume (Expo) indicator visualize exhausted volume. Exhaustion often signals the reversal of a current trend because it illustrates excess levels of supply or demand, indicating a market is either overbought or oversold.
The indicator can also be used to detect volume pressure in either direction which can occur in breakouts or in reversal points. The input variable ‘Volume Length’ can be changed. A longer Volume length means that the indicator detects bolder exhausted volume.
• Volume pressure is seen in reversal points.
• Volume pressure can be seen in breakouts.
The indicator is also equipped with exhausted volume signals that are more sensitive. This is visualized with arrows up and down. The investor has the ability to adjust the sensitivity of these signals.
HOW TO USE
1. Use the indicator to identify exhausted volume
2. Use the indicator to identify volume pressure.
3. Use the indicator to identify reversal points.
4. Use the indicator to identify breakouts.
Combine the indicator with ‘ Climax Volume (Expo) ’
INDICATOR IN ACTION
EURUSD
EURUSD
BTCUSD
BTCUSD
The indicator works with RENKO, HEIKIN ASHI and with KAGI charts as well.
I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Stef's Dollar Volume CounterStef's Dollar Volume Counter is my second script that I've worked on and coded. I am proud of this script because it does something very, very important: it counts the AMOUNT of money traded, not just the amount shares/contracts traded. This is key for understanding where the big and small money is.
This script is totally different from other Volume scripts because it shows the amount of money traded, NOT the shares/contracts/coins etc. Also, more importantly, it is different from other volume indicators in the same space because this script is specifically focused on showcasing specific dollar volume amounts either as a table or as a label.
Here are the 5 key features you can utilize with this:
1. Customizable Gradient Colors for BIG money and SMALL money: Visually distinguishes between high and low dollar volumes. Change the colors as needed in the indicator settings menu.
2. Dollar Volume Counter Table: Positioned at the bottom right of the chart, this table provides quick insights into the highest, lowest, and average dollar volumes over a specified period. You can customize the time period in the settings menu.
3. "Wow! Much Money!" Labels: Highlights the top three recent highest dollar volumes within the visible chart area, emphasizing significant trading periods. Also, it's hilarious :)
4. Customize the period for volume analysis, ranging from 1 to 12 months or more, with the selected timeframe displayed in the table.
5. It opens as a new pane below the chart so that you can still analyze price and more, as needed.
Thanks for reading! I look forward to hearing your feedback. This script will be updated to expand on more concepts and I'll add some cool features soon.
