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Volume and Price Z-Score [Multi-Asset] - By LeviathanThis script offers in-depth Z-Score analytics on price and volume for 200 symbols. Utilizing visualizations such as scatter plots, histograms, and heatmaps, it enables traders to uncover potential trade opportunities, discern market dynamics, pinpoint outliers, delve into the relationship between price and volume, and much more. A Z-Score is a statistical measurement indicating the number of standard deviations a data point deviates from the dataset's mean. Essentially, it provides insight into a value's relative position within a group of values (mean). - A Z-Score of zero means the data point is exactly at the mean. - A positive Z-Score indicates the data point is above the mean. - A negative Z-Score indicates the data point is below the mean. For instance, a Z-Score of 1 indicates that the data point is 1 standard deviation above the mean, while a Z-Score of -1 indicates that the data point is 1 standard deviation below the mean. In simple terms, the more extreme the Z-Score of a data point, the more “unusual” it is within a larger context. If data is normally distributed, the following properties can be observed: - About 68% of the data will lie within ±1 standard deviation (z-score between -1 and 1). - About 95% will lie within ±2 standard deviations (z-score between -2 and 2). - About 99.7% will lie within ±3 standard deviations (z-score between -3 and 3). Datasets like price and volume (in this context) are most often not normally distributed. While the interpretation in terms of percentage of data lying within certain ranges of z-scores (like the ones mentioned above) won't hold, the z-score can still be a useful measure of how "unusual" a data point is relative to the mean. The aim of this indicator is to offer a unique way of screening the market for trading opportunities by conveniently visualizing where current volume and price activity stands in relation to the average. It also offers features to observe the convergent/divergent relationships between asset’s price movement and volume, observe a single symbol’s activity compared to the wider market activity and much more. Here is an overview of a few important settings. Z-SCORE TYPE ◽️ Z-Score Type: Current Z-Score Calculates the z-score by comparing current bar’s price and volume data to the mean (moving average with any custom length, default is 20 bars). This indicates how much the current bar’s price and volume data deviates from the average over the specified period. A positive z-score suggests that the current bar's price or volume is above the mean of the last 20 bars (or the custom length set by the user), while a negative z-score means it's below that mean. Example: Consider an asset whose current price and volume both show deviations from their 20-bar averages. If the price's Z-Score is +1.5 and the volume's Z-Score is +2.0, it means the asset's price is 1.5 standard deviations above its average, and its trading volume is 2 standard deviations above its average. This might suggest a significant upward move with strong trading activity. ◽️ Z-Score Type: Average Z-Score Calculates the custom-length average of symbol's z-score. Think of it as a smoothed version of the Current Z-Score. Instead of just looking at the z-score calculated on the latest bar, it considers the average behavior over the last few bars. By doing this, it helps reduce sudden jumps and gives a clearer, steadier view of the market. Example: Instead of a single bar, imagine the average price and volume of an asset over the last 5 bars. If the price's 5-bar average Z-Score is +1.0 and the volume's is +1.5, it tells us that, over these recent bars, both the price and volume have been consistently above their longer-term averages, indicating sustained increase. ◽️ Z-Score Type: Relative Z-Score Calculates a relative z-score by comparing symbol’s current bar z-score to the mean (average z-score of all symbols in the group). This is essentially a z-score of a z-score, and it helps in understanding how a particular symbol's activity stands out not just in its own historical context, but also in relation to the broader set of symbols being analyzed. In other words, while the primary z-score tells you how unusual a bar's activity is for that specific symbol, the relative z-score informs you how that "unusualness" ranks when compared to the entire group's deviations. This can be particularly useful in identifying symbols that are outliers even among outliers, indicating exceptionally unique behaviors or opportunities. Example: If one asset's price Z-Score is +2.5 and volume Z-Score is +3.0, but the group's average Z-Scores are +0.5 for price and +1.0 for volume, this asset’s Relative Z-Score would be high and therefore stand out. This means that asset's price and volume activities are notably high, not just by its own standards, but also when compared to other symbols in the group. DISPLAY TYPE ◽️ Display Type: Scatter Plot The Scatter Plot is a visual tool designed to represent values for two variables, in this case the Z-Scores of price and volume for multiple symbols. Each symbol has it's own dot with x and y coordinates: X-Axis: Represents the Z-Score of price. A symbol further to the right indicates a higher positive deviation in its price from its average, while a symbol to the left indicates a negative deviation. Y-Axis: Represents the Z-Score of volume. A symbol positioned higher up on the plot suggests a higher positive deviation in its trading volume from its average, while one lower down indicates a negative deviation. Here are some guideline insights of plot positioning: - Top-Right Quadrant (High Volume-High Price): Symbols in this quadrant indicate a scenario where both the trading volume and price are higher than their respective mean. - Top-Left Quadrant (High Volume-Low Price): Symbols here reflect high trading volumes but prices lower than the mean. - Bottom-Left Quadrant (Low Volume-Low Price): Assets in this quadrant have both low trading volume and price compared to their mean. - Bottom-Right Quadrant (Low Volume-High Price): Symbols positioned here have prices that are higher than their mean, but the trading volume is low compared to the mean. The plot also integrates a set of concentric squares which serve as visual guides: - 1st Square (1SD): Encapsulates symbols that have Z-Scores within ±1 standard deviation for both price and volume. Symbols within this square are typically considered to be displaying normal behavior or within expected range. - 2nd Square (2SD): Encapsulates those with Z-Scores within ±2 standard deviations. Symbols within this boundary, but outside the 1 SD square, indicate a moderate deviation from the norm. - 3rd Square (3SD): Represents symbols with Z-Scores within ±3 standard deviations. Any symbol outside this square is deemed to be a significant outlier, exhibiting extreme behavior in terms of either its price, its volume, or both. By assessing the position of symbols relative to these squares, traders can swiftly identify which assets are behaving typically and which are showing unusual activity. This visualization simplifies the process of spotting potential outliers or unique trading opportunities within the market. The farther a symbol is from the center, the more it deviates from its typical behavior. ◽️ Display Type: Columns In this visualization, z-scores are represented using columns, where each symbol is presented horizontally. Each symbol has two distinct nodes: - Left Node: Represents the z-score of volume. - Right Node: Represents the z-score of price. The height of these nodes can vary along the y-axis between -4 and 4, based on the z-score value: - Large Positive Columns: Signify a high or positive z-score, indicating that the price or volume is significantly above its average. - Large Negative Columns: Represent a low or negative z-score, suggesting that the price or volume is considerably below its average. - Short Columns Near 0: Indicate that the price or volume is close to its mean, showcasing minimal deviation. This columnar representation provides a clear, intuitive view of how each symbol's price and volume deviate from their respective averages. ◽️ Display Type: Circles In this visualization style, z-scores are depicted using circles. Each symbol is horizontally aligned and represented by: - Solid Circle: Represents the z-score of price. - Transparent Circle: Represents the z-score of volume. The vertical position of these circles on the y-axis ranges between -4 and 4, reflecting the z-score value: - Circles Near the Top: Indicate a high or positive z-score, suggesting the price or volume is well above its average. - Circles Near the Bottom: Represent a low or negative z-score, pointing to the price or volume being notably below its average. - Circles Around the Midline (0): Highlight that the price or volume is close to its mean, with minimal deviation. ◽️ Display Type: Delta Columns There's also an option to utilize Z-Score Delta Columns. For each symbol, a single column is presented, depicting the difference between the z-score of price and the z-score of volume. The z-score delta essentially captures the disparity between how much the price and volume deviate from their respective mean: - Positive Delta: Indicates that the z-score of price is greater than the z-score of volume. This suggests that the price has deviated more from its average than the volume has from its own average. Such a scenario could point to price movements being more significant or pronounced compared to the changes in volume. - Negative Delta: Represents that the z-score of volume is higher than the z-score of price. This might mean that there are substantial volume changes, yet the price hasn't moved as dramatically. This can be indicative of potential build-up in trading interest without an equivalent impact on price. - Delta Close to 0: Means that the z-scores for price and volume are almost equal, indicating their deviations from the average are in sync. ◽️ Display Type: Z-Volume/Z-Price Heatmap This visualization offers a heatmap either for volume z-scores or price z-scores across all symbols. Here's how it's presented: Each symbol is allocated its own horizontal row. Within this row, bar-by-bar data is displayed using a color gradient to represent the z-score values. The heatmap employs a user-defined gradient scale, where a chosen "cold" color represents low z-scores and a chosen "hot" color signifies high z-scores. As the z-score increases or decreases, the colors transition smoothly along this gradient, providing an intuitive visual indication of the z-score's magnitude. - Cold Colors: Indicate values significantly below the mean (negative z-score) - Mild Colors: Represent values close to the mean, suggesting minimal deviation. - Hot Colors: Indicate values significantly above the mean (positive z-score) This heatmap format provides a rapid, visually impactful means to discern how each symbol's price or volume is behaving relative to its average. The color-coded rows allow you to quickly spot outliers. VOLUME TYPE The "Volume Type" input allows you to choose the nature of volume data that will be factored into the volume z-score calculation. The interpretation of indicator’s data changes based on this input. You can opt between: - Volume (Regular Volume): This is the classic measure of trading volume, which represents the volume traded in a given time period - bar. - OBV (On-Balance Volume): OBV is a momentum indicator that accumulates volume on up bars and subtracts it on down bars, making it a cumulative indicator that sort of measures buying and selling pressure. Interpretation Implications: - For Volume Type: Regular Volume: Positive Z-Score: Indicates that the trading volume is above its average, meaning there's unusually high trading activity . Negative Z-Score: Suggests that the trading volume is below its average, signifying unusually low trading activity. - For Volume Type: OBV: Positive Z-Score: Signifies that “buying pressure” is above its average. Negative Z-Score: Signifies that “selling pressure” is above its average. When comparing Z-Score of OBV to Z-Score of price, we can observe several scenarios. If Z-Price and Z-Volume are convergent (have similar z-scores), we can say that the directional price movement is supported by volume. If Z-Price and Z-Volume are divergent (have very different z-scores or one of them being zero), it suggests a potential misalignment between price movement and volume support, which might hint at possible reversals or weakness.
Indicatore Pine Script®
di LeviathanCapital
24
Volumetric Toolkit [LuxAlgo]The Volumetric Toolkit is a complete and comprehensive set of tools that display price action-related analysis methods from volume data. A total of 4 features are included within the toolkit. Symbols that do not include volume data will not be supported by the script. 🔶 USAGE The volumetric toolkit puts a heavy focus on price action, returning support/resistance levels, ranges, volume divergences...etc. The main premise between each feature is that volume has a direct relationship with market participants level of interest over a specific symbol, and that this interest is not constant over time. Each individual feature is detailed below. 🔹 Ranges Of Interest The Ranges Of Interest construct a range from a surge of high liquidity in the market. This range is constructed from the price high and price low of the candle with the associated significant liquidity. The returned extremities can be used as support and resistance, with breakouts often being accompanied by significant liquidity as well, suggesting potential trend continuations. The length setting associated with this feature determines how sensitive the range detection algorithm is to volume, with higher values requiring more significant volume in order to display a new range. 🔹 Impulses Impulses highlight times when volume makes a new higher high while the price makes a new higher high or lower low, suggesting increased market participation. When this occurs when the price makes a new higher high the impulse is considered bullish (green), if the price makes a new lower low the impulse is bearish (red). Impulses occurring within an established trend opposite to it (e.g a bearish impulse on an uptrend) might be indicative of reversals. The length setting works similarly to the previously described ranges of interest, with higher values requiring longer-term volume higher high and price higher high/lower low, highlighting more significant impulse and potentially longer-term reversals. 🔹 Levels Of Interest Levels of interest display price levels of significant trading activity, contrary to the range of interest only the closing price is taken into account, also volume peaks are used to detect significant trading activity. Note that this feature is subject to backpainting, that is lines are set retrospectively. Users can determine the amount of most recent levels to display on the chart. These can be used as classical support/resistances. 🔹 Volume Divergence We define volume divergence as a decreased market participation while a trend is still developing. More precisely volume divergences are highlighted if volume makes a lower high while price is making a new higher high/lower low. This can be indicative of a lack of further participation in the current trend, indicating a potential reversal. Using higher length values will return longer-term divergences. Note that this feature is subject to backpainting, that is lines are set retrospectively. 🔶 SETTINGS 🔹 Ranges Of Interest Show Ranges Of Interest: Display Ranges Of Interest. Length: Ranges Of Interest sensitivity to volume. 🔹 Impulses Show Impulses: Display Ranges Of Interest. Length: Impulses sensitivity to volume. 🔹 Levels Of Interest Show: Determine if Levels Of Interest are displayed, and how many from the most recent. Length: Level detection sensitivity to volume. 🔹 Volume Divergences Show Divergences: Determine if Volume Divergences are displayed. Length: Period for the detection of price tops/bottoms and volume peaks.
Indicatore Pine Script®
di LuxAlgo
6
Volume Channel - [With Volume Filter]The indicator calculates two volume-weighted moving averages (VWMA) using different lengths, and filters them based on a moving average of volume. The filtered VWMA values are then plotted on the chart as lines, representing the fast and slow moving averages. In addition, upper and lower bands are calculated based on the slow VWMA and plotted as lines on the chart. The fast and slow VWMA lines can be used to identify trends in the market. When the fast VWMA is above the slow VWMA, it is an indication of an uptrend, and when the fast VWMA is below the slow VWMA, it is an indication of a downtrend. The position of the VWMA lines relative to the upper and lower bands can also be used to identify potential trade signals. When the price is near the upper band, it indicates that the market is overbought, and when the price is near the lower band, it indicates that the market is oversold. Traders can use these signals to enter or exit trades. The indicator also includes a volume filter, which means that the VWMA values are only calculated when the volume is above a certain moving average of volume. This helps to filter out noise in the market and provide more accurate signals. Explanation for each parameter vwmaLength1: This is the length of the fast volume-weighted moving average (VWMA) used in the calculation. The default value is 10, and it can be adjusted by the user. vwmaLength2: This is the length of the slow volume-weighted moving average (VWMA) used in the calculation. The default value is 25, and it can be adjusted by the user. bandLength: This is the length of the moving average used to calculate the upper and lower bands. The default value is 34, and it is not adjustable by the user. volumeFilterLength: This is the length of the moving average of volume used as a filter for the VWMA calculation. The default value is 5, and it can be adjusted by the user. src: This is the input source for the VWMA calculation. The default value is close, which means the indicator is using the closing price of each bar. However, the user can select a different input source by changing this parameter. filteredVwma1: This is the filtered VWMA calculated based on the volume filter and the fast VWMA length. It is plotted as a line on the chart and can be used to identify short-term trends. filteredVwma2: This is the filtered VWMA calculated based on the volume filter and the slow VWMA length. It is plotted as a line on the chart and can be used to identify long-term trends. ma: This is the moving average of the filtered slow VWMA values, which is used to calculate the upper and lower bands. It is plotted as a line on the chart. offs: This is the offset used to calculate the upper and lower bands. It is based on the standard deviation of the filtered slow VWMA values and is multiplied by 1.6185 * 3. It is plotted as a line on the chart. up: This is the upper band calculated as the moving average plus the offset. It is plotted as a line on the chart and can be used to identify overbought conditions. dn: This is the lower band calculated as the moving average minus the offset. It is plotted as a line on the chart and can be used to identify oversold conditions.
Indicatore Pine Script®
di IkkeOmar
Climatic Volume Study (CVS) [JoseMetal]============ ENGLISH ============ - Description: This indicator is similar to my previous volume indicator called "ADVO" (check my profile!), which determines accumulative and distributive volume (buy/sell, bullish/bearish candles), but instead of using ALL the volume it only uses CLIMATIC VOLUME candles filtered by SMA. There's an option to ignore wicks (which is ENABLED by default), a big volume but small-doji candle doesn't tell too much. - Visual: 1. Histogram: it shows bullish/bearish (aqua/yellow) climatic candles based on the volume SMA, when the volume of a bar exceeds the SMA. The bar shows up to +100% exceeding volume, more than that it shows a lime/red bar which is also wider. 2. Now we have 2 EMAs, one for accumulative climatic volume (blue) and other for distributive climatic volume (orange). 3. Differential EMA, the wider one, it takes different colors, green whenever the accumulative (blue) EMA is above the distributive one (orange), and red in the contrary case, this EMA is centered so the 50 point of the indicator is it's center, above 50 means accumulative/bullish (green) and below means distributive/bearish (red). 4. And to make all of this even more visual the background color has lime/red colors for crossovers on the EMAs (which is the same as the differential EMA color change), and whenever the accumulation/distribution continues we have a darker green/red color. *As the indicator ONLY takes climatic volume candles, in some cases (i.e.: if you set the EMAs length too short) there may be a 0 result on the calculations, this plots the background in GRAY. - Customization: As usual in my indicators, everything is customizable, you can pick yours, settings, colors, figures etc. - Usage and recommendations: Default settings work good, smaller timeframes are usual a better idea to process volume indicators (like checking in 15 min what's happening under the curtain even if you're trading in 1-4H). You can make the indicator more aggressive by reducing the SMA periods to 7, or more "situational" (check the current environment) to 25. Same for the climatic volume EMAs, 15-25-50 are nice values., remember not to set it lower or there can be "neutral" areas with no result due to no climatic candled in range. Enjoy! ============ ESPAÑOL ============ ============ INGLÉS ============ - Descripción: Este indicador es similar a mi anterior indicador de volumen llamado "ADVO" (¡revisa mi perfil!), que determina el volumen acumulativo y distributivo (velas de compra/venta, alcistas/bajistas), pero en lugar de utilizar TODO el volumen sólo utiliza velas de VOLUMEN CLIMÁTICO filtradas por SMA. Hay una opción para ignorar las mechas (que está HABILITADA por defecto), una vela de gran volumen pero que se queda en una doji no nos dice demasiado. - Visual: 1. Histograma: muestra velas climáticas alcistas/bajistas (cian/amarillo) basadas en la SMA de volumen, cuando el volumen de una barra supera la SMA. La barra muestra hasta un +100% de volumen excedente, más que eso muestra una barra de color lima/rojo que también es más ancha. 2. Ahora tenemos 2 EMAs, una para el volumen climático acumulativo (cian) y otra para el volumen climático distributivo (naranja). 3. EMA diferencial, la más ancha, toma diferentes colores, verde siempre que la EMA acumulativa (cian) esté por encima de la distributiva (naranja), y rojo en el caso contrario, esta EMA está centrada por lo que el punto 50 del indicador es su centro, por encima de 50 significa acumulativa/alcista (verde) y por debajo significa distributiva/bajista (rojo). 4. Y para hacer todo esto aún más visual el color de fondo tiene colores lima/rojo para los cruces en las EMAs (que es lo mismo que el cambio de color de la EMA diferencial), y siempre que la acumulación/distribución continúa tenemos un color verde/rojo más oscuro. *Como el indicador SOLO toma velas de volumen climático, en algunos casos (por ejemplo: si se pone la longitud de las EMAs demasiado corta) puede haber un resultado 0 en los cálculos, esto dibuja el fondo en GRIS. - Personalización: Como es habitual en mis indicadores, todo es personalizable, puedes elegir configuración, ajustes, colores, figuras, etc. - Uso y recomendaciones: La configuración por defecto funciona bien, las temporalidades más pequeñas son generalmente una mejor idea para procesar los indicadores de volumen (como comprobar en 15 min lo que está sucediendo bajo el telón, incluso si estás está operando en 1-4H). Puedes hacer que el indicador sea más agresivo reduciendo los períodos de la SMA a 7, o más "situacional" (comprobar el entorno actual) a 25. Lo mismo para las EMAs de volumen climático, 15-25-50 son buenos valores., recuerda no ponerlo más bajo o puede haber zonas "neutras" sin resultado debido a que no hay velas climáticas en el rango. ¡Que lo disfrutéis!
Indicatore Pine Script®
di JoseMetal
5
% Volume (%V)Read about it in the book of Buff Pelz Dormeier "Investing with Volume Analysis: Identify, Follow, and Profit from Trends" . Normalized volume ( %V ) is a concept that uses an average of volume to plot volume. The volume total for the current bar is divided by the average volume (over the last n bars) to form a ratio. This ratio is multiplied by 100 and plotted in the same way that traditional volume is plotted as vertical bars on the horizontal plane, which creates a normalized volume scale of 0 to 100 . This allows for easy interpretation of volume’s relative movements, with 50 being typical or average volume, numbers below 50 being light volume, and numbers above 50 being heavier volume. Good luck!
Indicatore Pine Script®
di everget
4
Volume Width Based Candles Overview This indicator reimagines traditional candlestick charts by adjusting the horizontal width of each candle based on the bar’s trading volume. In other words, candles with higher volume appear wider, while those with lower volume are drawn narrower. This extra visual dimension can help traders quickly identify bars with significant volume relative to a defined lookback period. Key Components Volume Normalization: The script calculates the highest volume over a user-defined lookback period (default is 100 bars). Each bar’s volume is then normalized by dividing it by this maximum value. The result is a value between 0 and 1 that represents how the current volume compares to the maximum over the lookback. Variable Candle Width Calculation: A base multiplier (default set to 0.4) is used to control how much the volume influences the candle width. The normalized volume is multiplied by this multiplier to compute an offset value. Instead of using timestamps (which could lead to drawing objects too far into the future), the script uses the bar_index (the sequential index of bars) to determine the left and right positions of each candle. The left and right x–positions are calculated by subtracting and adding the offset from the current bar index, respectively. Candle Body & Wick Drawing: Candle Body: The body is drawn using box.new as a rectangle. The top and bottom of the box are determined by the higher and lower values of the open and close prices. The color of the candle is set based on whether the bar is bullish (green) or bearish (red). Wicks: The upper wick is drawn from the high of the bar down to the top of the body. The lower wick is drawn from the low up to the bottom of the body. These are created using line.new at the current bar index. Handling Edge Cases: The indicator includes conditions to avoid drawing errors on the very first bar (or any bar where prior data is unavailable). It also converts the calculated x–coordinates (which are derived from the bar index plus a floating point offset) to integers since box.new requires integer values for positioning. What It Tells the Trader Volume Visualization: Wider candles indicate bars where trading volume is high relative to recent history, potentially highlighting periods of increased market activity. Narrower candles suggest lower volume, which can signal less interest or participation during that bar. Contextual Price Action: By integrating volume into the visual representation of each candle, traders get an immediate sense of the strength behind price movements. This can be particularly useful for spotting potential breakouts, reversals, or confirming trends when analyzed alongside traditional price-based indicators. Customization Options Volume Lookback Period: You can adjust the number of bars considered when determining the maximum volume. A shorter period may be more responsive to recent changes, while a longer period provides a broader context. Base Width Multiplier: Adjusting this multiplier changes how pronounced the effect of volume is on the candle’s width. Increasing it will make high-volume candles even wider, and decreasing it will reduce the difference between high and low volume candles. Final Thoughts This indicator is a creative way to overlay volume information directly onto the price chart without the need for separate volume bars. It provides an at-a-glance understanding of market activity and can be a valuable addition to a trader’s toolkit, especially for those who prefer visual cues integrated with price action. However, due to limitations (like the maximum number of drawn boxes), it’s best used on charts with a moderate amount of historical data or with appropriate adjustments to manage performance.
Indicatore Pine Script®
di TradeMentorship
Volume Delta & Order Block Suite [QuantAlgo]Upgrade your volume analysis and order flow trading with Volume Delta & Order Block Suite by QuantAlgo, a sophisticated technical indicator that leverages advanced volume delta calculations, along with dynamic order block detection to provide deep insights into market participant behavior. By calculating the distribution of volume between buyers and sellers and tracking pivotal volume zones, the indicator helps traders understand the underlying forces driving price movements. It is particularly valuable for those looking to identify high-probability trading opportunities based on volume imbalances and key price levels where significant activity has occurred. 🟢 Technical Foundation The Volume Delta & Order Block Suite utilizes sophisticated volume analysis techniques to estimate buying and selling pressure within each price candle. The core volume delta calculation employs a formula that estimates buy volume as: Volume × (Close - Low) ÷ (High - Low) , with sell volume calculated as the remainder of total volume. This approach assumes that when price closes near the high of a candle, most volume represents buying pressure, and when price closes near the low, most volume represents selling pressure. For order block detection, the indicator implements a multi-step process involving volume pivot identification and price state tracking. It first detects significant volume pivot points using the ta.pivothigh function with a user-defined pivot period. It then tracks the market's order state based on whether the high exceeds the highest high or the low falls below the lowest low. When a volume pivot occurs, the indicator creates order blocks based on price levels at that pivot point. These blocks are continuously monitored for invalidation based on subsequent price action. 🟢 Key Features & Signals 1. Volume Delta Representation on Candles The Volume Delta visualization on candles shows the buy/sell distribution directly on price bars, creating an immediate visual representation of volume pressure. When buyers are dominant, candles are colored with the bullish theme color (default: green/teal). Similarly, when sellers are dominant, candles are colored with the bearish theme color (default: red). This visualization provides immediate insights into underlying volume pressure without requiring separate indicators, helping traders quickly identify which side of the market is in control. 2. Buy/Sell Pressure Information Table The Volume Analysis Table provides a comprehensive breakdown of volume metrics across multiple timeframes, helping traders identify shifts in market behavior. The table is organized into four timeframe columns: Current Volume 1 Bar Before 1 Day Before 1 Week Before For each timeframe, the table displays: Buy volume: The estimated buying volume based on price action Sell volume: The estimated selling volume based on price action Total volume: The sum of buy and sell volume Delta: The difference between buy and sell volume (positive when buyers are dominant, negative when sellers are dominant) Additionally, the table shows both absolute values and percentage distributions, with trend indicators (Up, Down, or Neutral) at the bottom row of each timeframe column. This multi-timeframe approach helps traders: → Identify volume imbalances between buyers and sellers → Track changes in volume delta across different periods → Compare current conditions with historical patterns → Detect potential reversals by watching for shifts in delta direction The delta values are particularly useful as they provide a clear indication of market dominance – positive delta (Up) when buyers are dominant, and negative delta (Down) when sellers are dominant. 3. Order Blocks and Their Confluence Order blocks represent significant price zones where volume pivots occur, potentially indicating areas of significant market participant activity. The indicator identifies two types of order blocks: Bullish Order Blocks (support): Highlighted with a green/teal color, these represent potential support areas where price might bounce when revisited Bearish Order Blocks (resistance): Highlighted with a red color, these represent potential resistance areas where price might reverse when revisited Each order block is visualized as a colored rectangle with a dashed line showing the average price within the block. The blocks are extended to the right until they are invalidated. Order blocks can serve as key reference points for trading decisions, for example: Support/resistance identification Stop loss placement (beyond the opposite edge of the block) Potential reversal zones Target areas for profit-taking When price approaches an order block, traders should look for confluence with the volume delta on candles and the information in the volume analysis table. Strong setups occur when all three components align – for example, when price approaches a bearish order block with increasing sell volume shown on the candles and in the volume table. 🟢 Practical Usage Tips → Volume Analysis and Interpretation: The indicator visualizes the buy/sell volume ratio directly on price candles using color intensity, allowing traders to immediately identify which side (buyers or sellers) is dominant. This information helps in assessing the strength behind price movements and potential continuation or reversal signals. → Order Block Trading Strategies: The indicator highlights significant price zones where volume pivots occur, marking these as potential support (bullish order blocks) or resistance (bearish order blocks). Traders can use these levels to identify potential reversal points, stop placement, and profit targets. → Multi-timeframe Volume Comparison: Through its comprehensive volume analysis table, the indicator enables traders to compare volume patterns across current, recent, daily, and weekly timeframes. This helps in identifying shifts in market behavior and confirming the strength of ongoing trends. 🟢 Pro Tips Adjust Pivot Period based on your timeframe: → Lower values (3-5) for more frequent order blocks → Higher values (7-10) for stronger, less frequent order blocks Fine-tune Mitigation Method based on your trading style: → "Wick" for more conservative invalidation → "Close" for more lenient order block survival Look for confluence between components: → Strong volume delta in the expected direction when price touches an order block → Corresponding patterns in the volume analysis table → Overall market context aligning with the expected direction Use for multiple trading approaches: → Support/resistance trading at order blocks → Trend confirmation with volume delta → Reversal detection when volume delta changes direction → Stop loss placement using order block boundaries Combine with: → Trend analysis using trend-following indicators for trade confirmation → Multiple timeframe analysis for strategic context
Indicatore Pine Script®
di QuantAlgo
2
RamanVol with Bull Snort Candles and Power Volumes1. Volume Analysis and Conditions: Pocket Pivot Volume (PPV): A condition where a bar's volume on an up day is greater than the highest down-day volume in the last lookbackPeriod (e.g., 10 days). This indicates strong buying interest and is highlighted with blue bars. High Down-Bar Volume: Identifies high volume on down days, with the volume greater than the 50-period moving average. This is represented by red bars. High Up-Bar Volume: Identifies high volume on up days, with the volume greater than the 50-period moving average, represented by green bars. Low Volume: When the volume is below 20% of the moving average volume (lowVolumeFraction), the bar is colored orange, indicating a "dry" or low volume day. HVE (Highest Volume Ever): Marks the highest volume ever observed, indicated by a purple label above the bar. HVQ (Highest Volume in Quarter): Marks the highest volume in the last quarter (63 days), indicated by an orange label (Q). LVQ (Lowest Volume in Quarter): Marks the lowest volume in the last quarter, indicated by a Q label above the bar. LVY (Lowest Volume in Year): Marks the lowest volume in the last year, indicated by a Y label. 2. Bull Snort Candles: A Bull Snort candle is a specific type of candle that meets the following criteria: Volume is more than 3 times the 50-period volume moving average. The price closes within the top 35% of the day's range. The close is higher than the previous bar's close. When a Bull Snort is detected, the background color of the chart turns purple, and a small dot is plotted below the bar (if enabled). 3. Power Volume: Power Volume occurs when the volume exceeds a certain threshold (e.g., 500,000) and the price moves at least 5% on that bar. When these conditions are met, the background of the chart is highlighted with a yellow headlight effect, indicating a significant volume and price movement. 4. Relative Volume (RVol): Relative Volume compares the current volume to the moving average of volume (50-period), showing how much higher or lower the volume is relative to the average. This is expressed as a percentage (e.g., 200% if today's volume is twice the average volume). 5. Table Display: The indicator updates a table on the right side of the chart with the following metrics: RVol: Displays the relative volume as a percentage. Avg Dollar Volume: Shows the average dollar volume (average volume * average price). Volume RR (Run Rate): Displays the percentage by which today's volume is higher or lower than the moving average. Up/Down Volume Ratio: A measure of the ratio of total volume on up days to down days. If this ratio is greater than 1, it's considered bullish. 6. Background Highlights: Bull Snort Candles: The background turns purple when Bull Snort candles are detected. Power Volumes: The background turns yellow when Power Volume conditions are met. Low Volume: Days with very low volume are marked with orange bars. CREDITS: @finallynitin, Mark Minervini, Gill Morales, Dr Chris, Oliver Kell
Indicatore Pine Script®
di DhongiAnalysis
High Volume AlertThe High Volume Alert Script is developed for all traders focusing on volume analysis in their trading strategies, providing alerts for unusually high trading volumes during specified trading sessions. Functionality: Volume Moving Average Calculation: Average Volume = Moving Average(Volume) = Sum of last the x last candles Volume Where n is the user-defined period for the moving average calculation (denoted as movingaverageinput in the script. This moving average serves as the baseline to compare current volume levels against historical averages. High Volume Detection: HighVolume = CurrentVolume >= (MA(Volume) x HighVolumeRatio) Here, HighVolumeRatio is a user-defined multiplier that sets the threshold for what is considered high volume. If the current volume exceeds this threshold (the product of the moving average of volume and the HighVolumeRatio ), the script identifies this as a high-volume event. Session Filtering: The script further refines these alerts by ensuring they only trigger during the specified trading session, enhancing relevance for traders interested in specific market hours. This session is defined by the sess and timezone parameters. Visualisation and Alerts: If high volume is detected (HighVolume = True), the script colors the volume bar with the highVolumeColor . If the option is selected, it also changes the color of the candlestick to either highVolumeCandleColorUp (for bullish candles) or highVolumeCandleColorDown (for bearish candles), depending on the price movement within the high-volume period. An alert is generated through the alertcondition function when high volume is detected during the specified session, notifying the trader of potentially significant market activity. Application in Trading: This indicator serves traders who prioritize volume as a leading indicator of potential price movement. High trading volumes may indicate the presence of significant market activity, often associated with events like news releases, market openings, or large trades, which can precede price movements. Originality and Practicality: This script is self-developed, aiming to fill the gap in automatic ratio adjusted volume alerts within the TradingView environment. Conclusion: The High Volume Alert Script is an essential tool for traders who integrate volume analysis into their strategy, offering tailored alerts and visual cues for high volume periods. Compliance and Limitations: The script complies with TradingView scripting standards, ensuring no lookahead bias and maintaining real-time data integrity. However, its utility depends on the availability on volume data, and please be aware that forex pairs never offer real volume data, this tool is best used with a exchange traded symbol.
Indicatore Pine Script®
di dennisjnnh
13
VSA Volume Spread AnalysisVolume Spread Analysis with Trend Direction is an indicator designed to Identify trend based volume spread. Volume Spread Trend This is a very simple yet powerful to identify Trend and corresponding volume Breakout. Unlike other Volume Indicators this indicator detects Breakout along with trend direction. One can detect the Early breakout in volume using this indicator. The Buy or Sell Signal is based on zero crossing of the Histogram. Trend direction is confirmed using the MA of the Histogram which is similar to the Volume MA on volume indicator. One can enter a trade using the indicator when Trend direction and histogram are in same direction. Entry is done when ever histogram crosses the Trend MA line. Fake entries can be eliminated by changing the indicator to higher Timeframe. Spread is determined using the difference in open and close of the candle Volume change is determined using the ratio of change of volume to previous volume EMA 10 is used to determine the Spread and multiplied by volume change so the PRICE(ema10), Volume, Spread(close-open) are merged to one indicator. Direction changes when ever difference of VSA is positive or negative.
Indicatore Pine Script®
di traderharikrishna
9
Bitcoin Aggregated Volume Profile «NoaTrader»If you use volume profile for analyzing Bitcoin, you may know that sometimes the decisions of big CEXs like Binance can change the volume of each symbol and so the analysis perceived from the data (which may not be valid anymore); Like when Binance decided to transfer the free transaction fee promotion from BTCUSDT to BTCTUSD pair or the new introduced BTCFDUSD pair with volume market share as much as BTCTUSD after only 1 month (according to the coinmarketcap's data). This indicator tries to solve that problem for using volume profile. So, it collects all the volumes of different pairs from different exchanges and then uses all of them to calculate the volume profile. Also, there is an option to compare the current symbols volume to the whole volume profile which is a Boolean option in the settings (the picture above) The aggregated volume data includes: BINANCE:BTCUSDT BINANCE:BTCTUSD BINANCE:BTCBUSD BINANCE:BTCFDUSD BINANCE:BTCDAI BINANCE:BTCEUR BITSTAMP:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSDT COINBASE:BTCUSD COINBASE:BTCEUR HUOBI:BTCUSDT KUCOIN:BTCUSDT KRAKEN:XBTUSD KRAKEN:XBTEUR BITFINEX:BTCUSD BYBIT:BTCUSDT KRAKEN:BTCUSD OKX:BTCUSDT
Indicatore Pine Script®
di NoaTrader
MW Volume ImpulseMW Volume Impulse Settings * Moving Average Period: The moving average period used to generate the moving average line for the bar chart. Default=14 * Dot Size: The size of the dot that indicates when the moving average of the CVD is breached. Default=10 * Dot Transparency: The transparency of the dot that indicates when the moving average of the CVD is breached. Default=50 * EMA: The exponential moving average that the price must break through, in addition to the CVD moving * Accumulation Length: Period used to generate the Cumulative Volume Delta (CVD) for the bar chart. Default=14 Introduction Velocity = Change in Position over time Acceleration = Change in Velocity over time For this indicator, Position is synonymous with the Cumulative Volume Delta (CVD) value. What the indicator attempts to do is to determine when the rate of acceleration of buying or selling volume is changing in either or buying or selling direction in a meaningful way. Calculations The CVD, upon which these changes is calculated using candle bodies and wicks. For a red candle, buying volume is calculated by multiplying the volume by the spread percentage of the average of the top and bottom wicks, while Selling Volume is calculated multiplying the volume by the spread percentage of the average of the top and bottom wicks - in addition to the spread percentage of the candle body. For a green candle, buying volume is calculated by multiplying the volume by the spread percentage of the average of the top and bottom wicks - plus the spread percentage of the candle body - while Selling Volume is calculated using only the spread percentage average of the top and bottom wicks. How to Interpret The difference between the buying volume and selling volume is the source of what generates the red and green bars on the indicator. But, more specifically, this indicator uses an exponential moving average of these volumes (14 EMA by default) to determine that actual bar size. The change in this value indicates the velocity of volume and, ultimately, the red and green bars on the indicator. - When the bar height is zero, that means that there is no velocity, which indicates either a balance between buyers and sellers, or very little volume. - When the bar height remains largely unchanged from period to period - and not zero - it means that the velocity of volume is constant in one direction. That direction is indicated by the color of the bar. Buyers are dominating when the bars are green, and sellers are dominating when the bars are red. - When the bar height increases, regardless of bar color, it means that volume is accelerating in a buying direction. - When the bar height decreases, regardless of bar color, it means that volume is accelerating in a selling direction. The white line represents the moving average of the bar values, while the red and white - and green and white - dots show when the moving average has been breached by the Cumulative Volume Delta value AND the price has broken the 7 EMA (which is user editable). As with most moving averages, a breach can indicate a move in a bearish or bullish direction, and the sensitivity can be adjusted for differing market conditions Other Usage Notes and Limitations For better use of the signal, consider the following, 1. Volume moving below the moving average can indicate that the volume may be ready to exit an overbought condition, especially if the bars were making lower highs prior to the signal - regardless of bar color. 3. Volume moving above the moving average can indicate that the volume may be ready to exit an oversold condition, especially if the bars were making higher lows prior to the signal - regardless of bar color. Additionally, a green dot that occurs with a positive (green) Cumulative Volume Delta can indicate a buying condition, while a red dot that occurs with a negative (red) Cumulative Volume Delta can indicate a selling condition. What this means is that buying or selling momentum briefly went against the direction of buying or selling Cumulative Volume Delta , but was not strong enough to change the buying or selling direction. In cases like this, once the volume begins to accelerate again in the direction of the buying or selling volume - indicated by a red or green dot - then the price is more likely to favor the direction of the Cumulative Volume Delta and its corresponding acceleration. Although a red or green signal can indicate a change in direction, this script cannot predict the magnitude or duration of the change. It is best used with accompanying indicators that can be used to confirm a direction change, such as a moving average, or a supply or demand range.
Indicatore Pine Script®
di mwrightinc
15
1 min Volume Flow Indicator (VFI) with EMA ribbonOriginally Markos Katsanos' indicator that LazyBear made popular here on TW. Now updated to Pine Script version 5, which makes multi-timeframe charting easier. The initial Katsanos' idea for the indicator is the following: "The VFI is based on the popular On Balance Volume (OBV) but with three very important modifications: Unlike the OBV, indicator values are no longer meaningless. Positive readings are bullish and negative bearish. The calculation is based on the day’s median instead of the closing price. A volatility threshold takes into account minimal price changes and another threshold eliminates excessive volume. ... A simplified interpretation of the VFI is that values above zero indicate a bullish state and the crossing of the zero line is the trigger or buy signal. The strongest signal with all money flow indicators is of course divergence. The classic form of divergence is when the indicator refuses to follow the price action and makes lower highs while price makes higher highs (negative divergence). If price reaches a new low but the indicator fails to do so, then price probably traveled lower than it should have. In this instance, you have positive divergence." I set up default settings for intraday trading I personally have found the most useful. And what I have found useful is how and which volume flows in and out on 1 min chart. For 1 min volume flow I find it convenient to have specific EMAs as guidance: 360, 720, 1440, 2160, 2880, 3600, 4320 -- the logic is derived from how many minutes there are per specific hours and days. Since short term trends typically last for three days, 1440 and 4320 EMAs are the ones I myself concentrate the most. That is to say, quite often 1min volume flow pivots around 1440 and 4320 EMAs. If you want to see 1 min volume flow on some other timeframe than 1 min, change the timeframe in the settings.
Indicatore Pine Script®
di marccu
1
Swing Volume Profiles [LuxAlgo]The Swing Volume Profiles indicator aims to calculate and highlight trading activity at specific price levels between two swing points; allowing traders to reveal dominant and/or significant price levels based on volume. By measuring traded volume at all price levels in the market over a specified time period, the script can also be used to detect some key analysis generally such as supply & demand, buy-side & sell-side liquidity levels, unfilled liquidity voids, and imbalances that can highlight on the chart. 🔶 USAGE A volume profile is an advanced charting tool that displays the traded volume at different price levels over a specific period. It helps you visualize where the majority of trading activity has occurred. Key Levels are the areas where the volume is concentrated or where there are significant volume spikes. These levels are known as key support and resistance levels. High-volume nodes indicate areas of high activity and are likely to act as support or resistance in the future. Volume profile also helps identify value areas, which represent the price levels where the most trading activity has taken place. These levels can act as areas of support or resistance as traders perceive them as fair value. The Point of Control describes the price level where the most volume was traded. A Naked Point of Control (also called a Virgin Point of Control) is a previous POC that has not been traded. Extending PoC options 'Until Bar Cross' or 'Until Bar Touch' helps in identifying Naked Point of Control Lines. Previous PoC levels can serve as support and resistance for future price movements. Extending PoC Level 'Until Last Bar' option will help to identify such levels. 🔶 DETAILS One of the unique features of the script is its ability to detect some other key levels such as levels of acceptance and rejection. Levels of rejection we may summarize as supply and demand levels, these are also referred to as buy-side and sell-side liquidity levels. They usually occur at extreme highs or lows, where prices may be too high for buyers (high supply, low demand) or too low for sellers (low supply, high demand) Levels of acceptance are the levels where Liquidity Voids occur, these are also referred to imbalances. Liquidity voids are sudden changes in price when the price jumps from one level to another. The peculiar thing about liquidity voids is that they almost always fill up, so we call them levels of acceptance. 🔶 ALERTS When an alert is configured, the user will have the ability to be notified in case: Point Of Control Line is touched/crossed Value Area High Line is touched/crossed Value Area Low Line is touched/crossed 🔶 SETTINGS 🔹 Display Options Mode: Controls the lookback length of detection and visualization, where Present assumes last X bars specifid in '# Bars' option and Historical assumes all data available to the user as well as allowed limits of visiual objects (boxs, lines, labels etc) # Bars: Controls the lookback length. 🔹 Swing Volume Profiles The script takes into account user-defined parameters and plots volume profiles. Due to Pine Script™ drwaing objects limit only total volume profiles are presented. Swing Detection Length: Lookback period Swing Volume Profiles: Toggles the visibility of the Volume Profiles, with color options to differentiate the Value Area within a profile. Profile Range Background Fill: Toggles the visibility of the Volume Profiles Range 🔹 Point of Control (PoC) Point of Control (POC) – The price level for the time period with the highest traded volume Point of Control (PoC): Toggles the visibility of the Point of Control Developing PoC: Toggles the visibility of the Developing PoC Extend PoC: Option that allows detecting virgin PoC levels. Virgin Point of Control (VPoC) is defined as a Point of Control that has never been revisited or touched. The option also allows PoC levels to extend till the last bar aiming to present levels from history where the levels were traded significantly and those levels can be used as support and resistance levels. 🔹 Value Area (VA) Value Area (VA) – The range of price levels in which the specified percentage of all volume was traded during the time period. Value Area Volume %: Specifies percentage of the Value Area Value Area High (VAH): Toggles the visibility of the Value Area High, the highest price level within the Value Area Value Area Low (VAL): Toggles the visibility of the Value Area Low, the lowest price level within the Value Area Value Area (VA) Background Fill: Toggles the visibility of the Value Area Range 🔹 Liquidity Levels / Voids Unfilled Liquidity, Thresh: Enable display of the Unfilled Liquidity Levels and Liquidity Voids, where threshold value defines the significance of the level. 🔹 Profile Stats Position, Size: Specifies the position and the size of the label presenting Profile Stats, the tooltip of the label includes all related info for each profile. Price, Price Change, and Cumulative Volume: Enable display of the given options on the chart. 🔹 Volume Profile Others Number of Rows: Specify how many rows each histogram will have. Caution, having it set to high values will quickly hit Pine Script™ drawing objects limit and may cause fewer historical profiles to be displayed. Placement: Place profile either left or right. Profile Width %: Alters the width of the rows in the histogram, relative to the calculated profile length. 🔶 RELATED SCRIPTS Alternative Liquidity Void Detection script, Buyside-Sellside-Liquidity
Indicatore Pine Script®
di LuxAlgo
35
Volume Delta (Expo)█ Overview Volume Delta (Expo) is a trading tool that measures the difference between buying and selling volume in a given market. It is a powerful tool for analyzing volume clusters and price action, as it can help traders identify the direction and strength of the trend as well as potential volume-weighted support and resistance areas. █ How is the Volume Delta calculated? Volume Delta is calculated by subtracting the number of contracts traded on the bid from the number of contracts traded on the ask. A positive Volume Delta indicates that more contracts are being traded on the ask than on the bid, which suggests buying pressure. A negative Volume Delta indicates that more contracts are being traded on the bid than on the ask, which suggests selling pressure. Note, our Volume Delta (Expo) uses intrabar analysis in combination with volume clusters which is a great approximation to calculating volume delta on TradingView. The tool is equipped with a unique volume-weighted cluster function to calculate the delta trend over time as well as a dynamic trend strength calculation. █ How to Use Volume Delta to Analyze Volume Clusters Volume clusters are areas of high volume that indicate a potential change in price direction. Once the clusters have been identified, traders can then use Volume Delta to measure the difference between buying and selling volume in the clusters. If the buying volume is greater than the selling volume, it indicates that the price is likely to move higher. Conversely, if the selling volume is greater than the buying volume, it indicates that the price is likely to move lower. In addition to measuring the difference between buying and selling volume, traders can also use Volume Delta to analyze price action. By looking at the volume clusters and the corresponding price action, traders can identify potential support and resistance levels. █ How to use The volume delta provides insight into market sentiment, as a rise in buying volume on a positive close indicates that bullish sentiment is strengthening, while a rise in selling volume on a negative close indicates that bearish sentiment is increasing. In addition, use volume delta to identify the direction and strength of the trend. It's common among volume traders to use volume delta to confirm trends, identify reversals, divergences, and volume-weighted support and resistance areas Volume - divergences If the volume delta is positive but the price trend is still bearish, it could be an indication that the current trend is weakening and a reversal may be imminent. Similarly, if the volume delta is negative but the price trend is still bullish, it could be an indication that the current trend is weakening and a reversal may be imminent. █ Indicator Features In addition to the main Volume Delta feature, the indicator has the following features: Adaptive or Stability Volume Strength: Choose between adaptive or stability volume strength. Exhausted Volume bars: Show Exhausted Volume Bars on the chart. Divergences: Enable Regular and Hidden Volume Divergences ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems 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 the 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, backtest, 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/Algos/Systems are only for educational purposes!
Indicatore Pine Script®
di Zeiierman
15
Volume Price Balance by serkany88This idea has been in my mind for a while. We all know how important volume is to technical analysis but volume and price itself doesn't mean much when volatility and momentum of the current trend is not taken into account. With this oscillator we try to combine all these factors into one indicator and provide a simplified interpretation of this relationship with spread analysis. This indicator can be used in all timeframes but higher timeframes like 1 hour and above will provide most stable results. How it works? This oscillator tries to analyze volume spread along with price spread based on wyckoff methods and attains certain "strength value" for each candle and it's relationship with the volume. After this calculation preferably we remove detected rejection candles from overall calculation and draw them as plots. The multipliers of the strengths can be changed from the settings. Green Line Above Red Line = Bullish momentum stronger Red Line Above Green Line = Bearish momentum stronger Top circles mean possible bullish reversal candle detected. Gray is weak, White is normal and Red top circle means strong possible reversal detected. Bottom circles mean possible bearish reversal candle detected. Gray is weak, White is normal and Green bottom circle means strong possible reversal detected. Let's check the example below As you can see we see a green dot appear in a somewhat weakening bullish momentum, this can mean possible reversal can happen soon and it does. Below is a bearish example In this example we see a possible strong reversal signal in a increasing bullish momentum and the price reacts immediately after the candle. We also have a table that shows the current non-smoothed result of trend strength based on calculated price-volume spread at top right of the oscillator.
Indicatore Pine Script®
di serkany88
16
Time & volume point of control / quantifytoolsWhat are TPOC & VPOC? TPOC (time point of control) and VPOC (volume point of control) are points in price where highest amount of time/volume was traded. This is considered key information in a market profile, as it shows where market participant interest was highest. Unlike full fledged market profile that shows total time/volume distribution, this script shows the points of control for each candle, plotted with a line (time) and a dot (volume). The script hides your candles/bars by default and forms a line in the middle representing candle range. In case of candles, borders will still be visible. This feature can be turned off in the settings. Volume and time data are fetched from a lower timeframe that is automatically adjusted to fit the timeframe you're using. By default, the following settings are applied: Charts <= 30 min: 1 minute timeframe Charts > 30 min & <= 3 hours : 5 minute timeframe Charts > 3 hours & <= 8 hours : 15 minute timeframe Charts > 8 hours & <= 1D: 1 hour timeframe Charts > 1D & <= 3D : 2 hour timeframe Charts > 3D: 4 hour timeframe Timeframe settings can be changed via input menu. The lower the timeframe, the more precision you get but with the cost of less historical data and slower loading time. Users can also choose which source to use for determining price for points of control, e.g. using close as source, the point of control is set to match the value of lower timeframe candle close. This could be replaced with OHLC4 for example, resulting in a point of control based on OHLC average. To identify more profound points of market participant interest, TPOC & VPOC as percentage of total time/volume thresholds can be set via input menu. When a point of control is equal to or greater than the set percentage threshold, visual elements will be highlighted in a different color, e.g. 50% VPOC threshold will activate a highlight whenever volume traded at VPOC is equal to or greater than 50% of total volume. All colors are customizable. VPOC is defined by fetching lower timeframe candle with the most amount of volume traded and using its close (by default) as a mark for point of control. For TPOC, each candle is divided into 10 lots which are used for calculating amount of closes taking place within the bracket values. The lot with highest amount of closes will be considered a point of control. This mark is displayed in the middle point of a lot: How to utilize TPOC & VPOC Example #1: Trapped market participants One or both points of control at one end of candle range (wick tail) and candle close at the other end serves as an indication of market participants trapped in an awkward position. When price runs away further from these trapped participants, they are eventually forced to cover and drive price even further to the opposite direction: Example #2: Trend initiation A large move that leaves TPOC behind while VPOC is supportive serves as an indication of a trend initiation. Essentially, this is one way to identify an event where price traded sideways most of the time and suddenly moved away with volume: Example #3: POC supported trend A trend is healthy when it's supported by a point of control. Ideally you want to see either time or volume supporting a trend:
Indicatore Pine Script®
di quantifytools
49
Aggregated Delta (Buy/Sell) Volume - InFinito||||||||||||||||CREDITS|||||||||||||||| Modified & Updated script from MARKET VOLUME by Ricardo M Arjona @XeL_Arjona that Includes Aggregated Volume , Delta Volume , Volume by Side Aggregation code originally from Crypt0rus ||||||||||||||||NOTES|||||||||||||||| - Calculated based on Aggregated Volume instead of by symbol volume . Using aggregated data makes it more accurate and allows to compare volume flow between different kinds of markets (Spot, Futures , Perpetuals, Futures+Perpetuals and All Volume ). - As well, in order to make the data as accurate as possible, the data from each exchange aggregated is normalized to report always in terms of 1 BTC . In case this indicator is used for another symbol, the calculations can be adjusted manually to make it always report data in terms of 1 contract/coin. - The indicator can be used for any coin/symbol to aggregate volume , but it has to be set up manually - The indicator can be used with specific symbol data only by disabling the aggregation option, which allows for it to be used on any symbol - Previously Included with "Aggr. CDV / Delta Volume" this functionality has been removed from the latter indicator for functionality and simplicity purposes. ||||||||||||||||FUNCTIONALITY|||||||||||||||| Aggregated Delta Volume: Based off Xel_Arjona's calculation, buy and sell volume is estimated each period. This indicators can display both Buy Volume and Sell Volume for each period. By Default, this indicator displays Delta Volume by side, which is the difference between the estimated buy and sell volume. By checking the Option "Show all volume by side", instead of the Delta volume, all Buy and Sell Volume will be displayed by side
Indicatore Pine Script®
di In_Finito_
9
Volume Variation Index IndicatorThis tool is a quantitative tip for analysts who study volumes or create volume based trading strategies. Like all our projects, we start with a statistical logic to which we add coding logic. This indicator can save a huge amount of time in calculating the variation of volume between sessions . How it work The indicator calculates the difference between the volume of the last closing bar and the volume of the previous closing bar. It shows the difference between the trading volumes. The session in which the trading volume is up are represented in green. Red session represent trading volume down. We have added a third function. Through the User Interface the trader can activate or deactivate the variation average. The indicator is able to calculate the average of the volume changes by representing it with a blue line. To activate the average, simply set it to ON in the User Interface. By default, the indicator calculates the average of the last 10 periods, but you are free to set this parameter in the User Interface. Data access To access the data, simply move the cursor. When you move the cursor over the green bars, the increase data will be displayed in green. By hovering the cursor over the red bars you will see the decrease data in red. By hovering the cursor over the average will show you the average data in blue. The data is displayed in the top left corner of the indicator dashboard. If you found this indicator helpful, please like our script.
Indicatore Pine Script®
di thequantscience
Volume CandlesHello traders! Well, I was trying to implement EquiVolume Charts that were developed by Richard W. Arms, but unfortunately I got a poor result. Instead, I used my groundwork on EquiVolumes to create Volume Candles indicator to help you make better, smarter trades. What are the cool features? Excellently filters the instrument's movements Gives a better view of the accumulation/distribution phases Completely removes price gaps Works on ANY instrument that has available volume data. Personally, I am a big fan of the volume-based indicators and to clarify my position I cite the following words of Buff Pelz Dormeier from his book "Investing with Volume Analysis: Identify, Follow, and Profit from Trends" : A trade produces only two pieces of information: the price and price's neglected sibling, volume. Perhaps the least appreciated piece of the puzzle, volume represents fertile ground for technical analysis. Proficiency in volume analysis is a rare skill. Properly understood, though, volume analysis can provide its practitioner with the power to peer deeply into market mechanics. Benjamin Graham, the father of value investing and a mentor of Warren Buffett, often called the market a 'voting machine'. If so, then volume is the ballot box. Volume is a literal illustration of the power behind the forces of supply and demand. Volume is understood as the validation of price, the source of liquidity, the substantiation of information, the fulfillment of convictions, the revelation of divergent opinions, the fuel of the market, the proponent of truth, and the energy behind the velocity of money. If you believe any of this information might be important in making an investment decision, volume analysis is important to you. I attached some screenshots to show you how it works with other instruments. How to get access Buy for only 129$ to get lifetime access to this indicator Like and follow for more cool indicators! Happy Trading!
Indicatore Pine Script®
di everget
22
CVD Divergence & Volume ProfileThis Pine Script indicator, named "CVD Divergence & Volume Profile," is designed to identify potential trading opportunities by combining Cumulative Volume Delta (CVD) divergence with Volume Profile levels and an optional Simple Moving Average (SMA) trend filter. It plots signals directly on the price chart. Here's a breakdown of what each component does and how to potentially trade with it: 1. Cumulative Volume Delta (CVD) Divergence What it does: CVD measures the cumulative difference between buying and selling volume. A rising CVD indicates more buying pressure, while a falling CVD indicates more selling pressure. Divergence occurs when the price action contradicts the CVD's direction, suggesting a potential shift in momentum or trend reversal. Bearish Divergence: The price makes a higher high, but the CVD makes a lower high (or fails to make a new high). This suggests that despite the price increasing, the underlying buying pressure is weakening. Bullish Divergence: The price makes a lower low, but the CVD makes a higher low (or fails to make a new low). This suggests that despite the price decreasing, the underlying selling pressure is weakening. Visualization: Red triangle pointing down on the chart indicates a Bearish Divergence signal. Green triangle pointing up on the chart indicates a Bullish Divergence signal. 2. Volume Profile Levels (VAH, VAL, POC) What it does: The indicator calculates simplified Volume Profile levels over a user-defined vp_range (number of candles). These levels represent areas where significant trading activity has occurred: VAH (Value Area High): The upper boundary of the "Value Area," where 70% of the volume traded. VAL (Value Area Low): The lower boundary of the "Value Area," where 70% of the volume traded. POC (Point of Control): The price level within the vp_range where the most volume was traded. Significance: These levels often act as significant support and resistance zones. Visualization: Orange lines for VAH and VAL. Yellow line for POC. Zone Proximity (zone_thresh): The indicator only generates divergence signals if the current close price is within a specified percentage zone_thresh of either VAH, VAL, or POC. This filters signals to areas of high liquidity and potential turning points. 3. Trend Filter (SMA) What it does: This is an optional filter (use_trend_filter) that uses a Simple Moving Average (sma_period, default 200). Significance: It helps ensure that divergence signals are traded in alignment with the broader market trend, potentially increasing their reliability. For long signals (bullish divergence), the price (close) must be above the SMA (indicating an uptrend). For short signals (bearish divergence), the price (close) must be below the SMA (indicating a downtrend). Visualization: A blue line on the chart representing the SMA. How to Trade with It (Potential Strategies) The indicator aims to provide high-probability entry points by combining multiple confirming factors. Here's how you might interpret and trade the signals: Identify Divergence: Look for the triangle signals on your chart (red for bearish, green for bullish). Confirm Proximity to Volume Profile Levels: The signal itself confirms that the price is near a significant Volume Profile level (VAH, VAL, or POC). These are areas where price often reacts. Bullish Signal (Green Triangle): This suggests buying momentum is returning after a price decline, especially when the price is near VAL or POC, which might act as support. Bearish Signal (Red Triangle): This suggests selling momentum is increasing after a price rally, especially when the price is near VAH or POC, which might act as resistance. Check Trend Alignment (SMA Filter): For a long trade: You would ideally want to see a green triangle (bullish divergence) while the price is above the blue SMA line. This indicates a bullish divergence confirming a potential bounce within an existing uptrend. For a short trade: You would ideally want to see a red triangle (bearish divergence) while the price is below the blue SMA line. This indicates a bearish divergence confirming a potential rejection within an existing downtrend. Entry and Exit Considerations: Entry: Consider entering a trade on the candle where the signal appears, or on the subsequent candle for confirmation. Stop Loss: For a long trade, a logical stop-loss could be placed below the lowest point of the divergence, or below the VAL/POC if the signal occurred near it. For a short trade, above the highest point of the divergence or VAH/POC. Take Profit: Targets could be set at the opposite Volume Profile level, previous swing highs/lows, or using a fixed risk-reward ratio. Example Trading Scenario: Long Trade: You see a green triangle (bullish divergence) printed on the chart. You notice the price is currently at the VAL (orange line). You check the blue SMA line and confirm that the price is above it (uptrend). This confluence of factors (bullish divergence, support at VAL, and uptrend) provides a strong potential long entry signal. You might enter, place your stop loss just below VAL, and target VAH or the next resistance level. Short Trade: You see a red triangle (bearish divergence). The price is at the VAH (orange line). The price is also below the blue SMA line (downtrend). This suggests a potential short entry. You might enter, place your stop loss just above VAH, and target VAL or the next support level.
Indicatore Pine Script®
di Makadave