[COG] Advanced School Run StrategyAdvanced School Run Strategy (ASRS) – Explanation
Overview: The Advanced School Run Strategy (ASRS) is an intraday trading approach designed to identify breakout opportunities based on specific time and price patterns. This script applies the concepts of the Advanced School Run Strategy as outlined in Tom Hougaard's research, adapted to work seamlessly on TradingView charts. It leverages 5-minute candlestick data to set actionable breakout levels and provides traders with visual cues and alerts to make informed decisions.
Features:
Dynamic Breakout Levels: Automatically calculates high and low levels based on the market's behavior during the initial trading minutes.
Custom Visualization: Highlights breakout zones with customizable colors and transparency, providing clear visual feedback for bullish and bearish breakouts.
Configurable Alerts: Includes alert conditions for both bullish and bearish breakouts, ensuring traders never miss a trading opportunity.
Reset Logic: Resets breakout levels daily at the market open to ensure accurate signal generation for each session.
How It Works:
The script identifies key levels (high and low) after a configurable number of minutes from the market open (default: 25 minutes).
If the price breaks above the high level or below the low level, a corresponding breakout is detected.
The script draws breakout zones on the chart and triggers alerts based on the breakout direction.
All levels and signals reset at the start of each new trading session, maintaining relevance to current market conditions.
Customization Options:
Line and box colors for bullish and bearish breakouts.
Transparency levels for breakout visualizations.
Alert settings to receive notifications for detected breakouts.
Acknowledgment: This script is inspired by Tom Hougaard's Advanced School Run Strategy. The methodology has been translated into Pine Script for TradingView users, adhering to TradingView’s policies and community guidelines. This script does not redistribute proprietary content from the original research but implements the principles for educational and analytical purposes.
Volume
Whale Activity Impact OscillatorThe "Whale Activity Impact Oscillator" is a Pine Script v6 component designed to identify abnormal price movements caused by potential whale activity in the crypto market.
Here's how it works:
Inputs: The script allows users to configure the volume spike multiplier, price spike multiplier, lookback period, minimum volume threshold, and thresholds for strong buy and sell signals.
Data Calculations: It calculates the average volume and average percentage price change over the specified lookback period.
Whale Detection Logic: The script detects a volume spike if the current volume exceeds the average volume by the specified multiplier. It detects a price spike if the percentage price change exceeds the average by the specified multiplier.
Signals: A buy signal is generated when both a volume spike and a price increase are detected. A sell signal is generated when both a volume spike and a price decrease are detected.
Output: The oscillator is displayed as a histogram below the price chart. Green bars indicate buy signals, red bars indicate sell signals, and gray bars indicate normal activity. The height of the bars is proportional to the magnitude of the price change.
Alerts: The script includes alerts for whale buying and selling detected signals.
Edge Cases: The script avoids false signals in low-liquidity environments by setting a minimum volume threshold and filtering out signals during low market activity.
This component can be added to a TradingView chart to help traders identify potential whale activity and make informed trading decisions.
ZenAlgo - Advanced Open InterestZenAlgo - Advanced Open Interest combines open interest, price changes, and volume dynamics into a single, powerful TradingView indicator. By integrating these key market metrics and enhancing them with proprietary algorithms, it provides traders with actionable insights that streamline decision-making and enhance market analysis.
Features
Open Interest Change (%): Tracks changes in open interest, a key indicator of market participation and sentiment.
Price Change (%): Monitors price momentum, providing clarity on trend directions.
Volume Analysis: Aggregates upward and downward volume for detailed sentiment analysis.
Delta Calculation: Highlights the net difference between upward and downward volume, offering instant insights into buying or selling dominance.
Proprietary Trend Detection: Suggests "Long Enter," "Short Enter," "Long Close," or "Short Close" signals based on a synergy of open interest, price, and volume.
Market Sentiment Insights: Indicates whether new long or short positions dominate.
Customizable Display: Features themes, sizes, and positions for a tailored interface.
Added Value: Why Is This Indicator Original/Why Shall You Pay for This Indicator?
Integrated Synergy: Combining open interest, price, and volume into a single indicator reduces complexity and offers enhanced clarity. Instead of toggling between multiple charts, users receive actionable insights from a unified view.
Proprietary Rules-Based Algorithm: The algorithm synthesizes data from sub-indicators, creating trends and signals not available in free tools. For instance, the "Long Enter" or "Short Close" signals are generated by evaluating relationships between metrics, offering a predictive edge.
Enhanced Trend Confirmation: By correlating open interest changes with price movements and volume imbalances, the indicator provides a more robust confirmation of market trends compared to individual metrics.
Time-Saving and Simplicity: Freely available sub-indicators require manual setup, interpretation, and customization. ZenAlgo - Advanced Open Interest offers pre-configured analysis, reducing the learning curve and decision time.
Unique Customization: With themes, positions, and table sizes, users can adapt the interface to their preferences, enhancing usability.
How It Works
1. Open Interest and Price Change
Retrieves historical open interest and price data for the selected timeframe.
Calculates percentage changes between bars to indicate market participation (open interest) and directional momentum (price).
Combines these metrics to assess whether price movements are supported by increasing or decreasing participation.
2. Volume Aggregation
Splits the selected timeframe into smaller sub-timeframes to analyze granular volume data.
Aggregates upward (price closes above open) and downward (price closes below open) volumes, calculating their totals and percentage contributions to overall volume.
3. Delta Calculation
Computes Delta as the difference between upward and downward volume.
Highlights buyer or seller dominance using color-coded visuals for quick interpretation.
4. Trend Analysis
Uses a proprietary algorithm to classify market states:
"Long Enter": Rising price, increasing open interest, and dominant upward volume.
"Short Enter": Falling price, increasing open interest, and dominant downward volume.
Neutral States: Generated when no strong alignment is found among metrics.
5. Market Sentiment
Correlates open interest and price to indicate if new long or short positions dominate.
Outputs simplified insights like "More longs opened" or "Shorts closing."
6. Customizable Table
Displays real-time updates with user-controlled themes, sizes, and positions for a tailored experience.
Usage Examples
Detecting Bullish Trends: Identify "Long Enter" signals when open interest and price rise, supported by strong upward volume.
Spotting Bearish Reversals: Use "Short Enter" signals when price declines, open interest rises, and downward volume dominates.
Analyzing Volume Shifts: Leverage Delta to uncover significant shifts in buying or selling pressure.
Validating Trends: Use the combination of open interest and volume trends to confirm price movements.
Exiting Profitable Trades: Look for "Long Close" or "Short Close" signals to time exits during profit-taking phases.
Avoiding Choppy Markets: Use "Neutral" signals to stay out of indecisive markets and avoid unnecessary risks.
Identifying Sentiment Swings: Follow "Positions" insights to detect a transition in market dominance from longs to shorts or vice versa.
High-Volume Trend Confirmation: Confirm strong trends during high trading volumes.
Short-Term Scalping: Use sub-timeframes to spot rapid entry and exit points.
Event-Based Trading: Correlate indicator signals with major market events for timely trades.
Settings
ZenAlgo Theme: Toggle a branded theme for better visual integration.
Table Size: Adjust display size (Tiny, Small, Normal, Large) based on preference.
Table Position: Choose between four positions (e.g., Bottom Right, Top Left).
Table Mode: Switch between Dark and Light themes for optimal readability.
Important Notes
This indicator is a technical analysis tool and does not guarantee trading success. Use it with other indicators and fundamental analysis for a comprehensive strategy.
Always validate signals in conjunction with other market factors to ensure informed trading decisions.
Scenarios of Potential Underperformance:
Low-Volume Markets: Signals may lack reliability due to insufficient data granularity.
Extreme Volatility: Rapid price movements can distort short-term insights.
Exchange Variations: Data discrepancies between exchanges may affect calculations.
Choppy Markets: During indecisive phases, the indicator may generate more neutral signals.
ZenAlgo - SessionsZenAlgo - Sessions is a robust TradingView indicator designed to analyze and visualize global trading sessions (Asian, European, and US). By combining session-specific price levels, volume and delta tracking, and historical performance metrics, it delivers actionable insights for session-based trading strategies, simplifying decision-making in dynamic markets.
Features
Session Highlighting: Distinguishes trading sessions with customizable colors for easy identification.
Session Levels: Dynamically calculates and projects five key levels (0%, 25%, 50%, 75%, 100%) to identify support and resistance zones.
Volume and Delta Tracking: Tracks session-specific total volume, inflows, outflows, and delta to assess market sentiment.
Interactive Performance Table: Summarizes recent session metrics, including win/loss percentages, volume, and delta, enabling trend analysis.
Historical Analysis: Retains session performance data for up to 100 sessions, providing insights into long-term trends.
Dynamic Range Projection: Extends session levels into subsequent sessions, maintaining market context.
Customizable Time Zones: Adapts session tracking to any trading environment.
Added Value: Why Is This Indicator Original/Why Shall You Pay for This Indicator?
1. Synergy Between Indicators
Session Levels: Highlight key market zones that guide entry/exit points.
Volume and Delta Metrics: Clarify price action at these levels by identifying buyer/seller dominance.
Performance Metrics: Aggregate historical session data, helping traders identify recurring patterns, sentiment shifts, and session-specific tendencies.
Together, these features amplify one another, creating actionable insights that exceed the value of standalone tools.
2. Comparison to Freely Available Indicators
Traditional indicators like Bollinger Bands, RSI, or Moving Averages operate on broad price action trends. ZenAlgo - Sessions focuses on session-specific patterns, volume dynamics, and real-time updates, delivering more context-specific insights.
By consolidating multiple functionalities into one tool, it eliminates the need for multiple separate indicators, streamlining analysis.
3. Why Pay for This Indicator?
Comprehensive Insights: Delivers session-specific metrics unavailable in standalone tools.
Real-Time Updates: Ensures metrics and levels reflect the latest market movements.
Seamless Integration: Combines price action, volume, and historical performance into a single, intuitive interface.
How It Works
1. Session Detection
Defines sessions for Asia, Europe, and the US based on fixed opening and closing times. Time zones ensure compatibility with global markets, excluding weekends and holidays for relevance.
2. Price Levels
Calculates five levels (0%, 25%, 50%, 75%, 100%) based on session high and low, projecting these into subsequent sessions for continued analysis.
3. Volume and Delta Metrics
Tracks session volume, separating inflows and outflows based on price movements.
Calculates delta to gauge net buying/selling activity.
4. Performance Metrics
Tracks win/loss rates and percentage changes across sessions.
Stores session metrics (volume, delta, win/loss) for up to 100 sessions.
5. Dynamic Visualization
Continuously updates session levels and metrics in real time for actionable insights.
Usage Examples
Support/Resistance Levels: Use session levels, especially the 50% midline, as potential pivot points for trades.
Breakout Analysis: Monitor price action beyond session highs or lows to confirm breakouts.
Volume Trends: Compare session volumes to identify high-activity periods.
Delta Shifts: Assess delta changes to determine market sentiment at key levels.
Session Comparison: Identify which session drives significant activity using the performance table.
Multi-Session Strategies: Plan trades based on extended session levels to anticipate reactions at previously tested zones.
Settings
Asia Session Color: Adjust the highlight color for the Asian session.
Europe Session Color: Customize the color for the European session.
US Session Color: Define the color for the US session.
Time Zone: Set the time zone for session tracking.
Line Transparency: Adjust session line opacity.
Number of Sessions for Total Count: Define how many sessions to analyze in the performance table.
Important Notes
This indicator is a technical analysis tool and does not guarantee trading success. Use it alongside other indicators and fundamental analysis for a comprehensive trading strategy.
Combine with Other Tools: Use complementary indicators such as RSI, Bollinger Bands, or ATR to filter out unreliable signals and improve accuracy.
Known Weaknesses and Mitigation Strategies
1. Extreme Volatility
Issue: During sudden, significant price movements (e.g., news-driven events), session levels and delta metrics may become less reliable as the market temporarily disregards historical patterns.
Mitigation: Combine ZenAlgo - Sessions with volatility indicators like ATR (Average True Range) or a news alert system to adjust expectations during these periods.
2. Low Liquidity Periods
Issue: During holidays or outside peak trading hours, session metrics may misrepresent actual market activity due to reduced participant involvement.
Mitigation: Focus on sessions with higher activity (e.g., overlapping US and European sessions) to ensure more accurate insights.
3. Non-Standard Trading Hours
Issue: Market-specific differences, such as extended hours or daylight saving adjustments, can misalign session boundaries.
Mitigation: Verify session times align with your market and adjust settings accordingly.
4. Historical Data Dependencies
Issue: Historical metrics rely on consistent session patterns; deviations (e.g., extended or shortened sessions) can impact trend accuracy.
Mitigation: Regularly review and interpret historical data alongside real-time metrics to ensure alignment.
TVMC - Composite Indicator with Technical RatingsDescription:
The TVMC (Trend, Volume, Momentum, Composite) indicator is a powerful multi-component tool designed to provide traders with a comprehensive understanding of market conditions. By combining four essential technical analysis components—trend, momentum, volume, and volatility—this indicator offers clear and actionable insights to assist in decision-making.
Key Features:
1. Trend Component (TC):
* Based on MACD (Moving Average Convergence Divergence), this component analyzes the relationship between two exponential moving averages (fast and slow) to determine the prevailing market trend.
* The MACD signal is normalized to a range of -1 to +1 for consistency and clarity.
2. Momentum Component (MC):
* Utilizes RSI (Relative Strength Index) to measure the strength and speed of price movements.
* This component highlights overbought or oversold conditions, which may indicate potential market reversals.
3. Volume Confirmation (VC):
* Compares the current trading volume to its moving average over a specified period.
* High volume relative to the average confirms the validity of the current trend.
4. Volatility Filter (VF):
* Uses ATR (Average True Range) to gauge market volatility.
* Adjusts and smooths signals to reduce noise during periods of high volatility.
5. Technical Ratings Integration:
* Incorporates TradingView’s Technical Ratings, allowing users to validate signals using moving averages, oscillators, or a combination of both.
* Users can choose their preferred source of ratings for enhanced signal confirmation.
How It Works:
The TVMC indicator combines the weighted contributions of the Trend, Momentum, and Volume components, further refined by the Volatility Filter. Each component plays a specific role:
* Trend: Identifies whether the market is bullish, bearish, or neutral.
* Momentum: Highlights the strength of price action.
* Volume: Confirms whether the current price action is supported by sufficient trading activity.
* Volatility: Filters out excessive noise in volatile market conditions, providing a smoother and more reliable output.
Visualization:
1. Bullish Signals:
* The indicator line turns green and remains above the zero line, indicating upward momentum.
2. Bearish Signals:
* The indicator line turns red and falls below the zero line, signaling downward momentum.
3. Neutral Signals:
* The line is orange and stays near zero, indicating a lack of strong trend or momentum.
4. Zones:
* Horizontal lines at +30 and -30 mark strong bullish and bearish zones, respectively.
* A zero line is included for clear separation between bullish and bearish signals.
Recommended Usage:
* Best Timeframes: The indicator is optimized for higher timeframes such as 4-hour (H4) and daily (D1) charts.
* Trading Style: Suitable for swing and positional trading.
* Customization: The indicator allows users to adjust all major parameters (e.g., MACD, RSI, volume, and ATR settings) to fit their trading preferences.
Customization Options:
* Adjustable weights for Trend, Momentum, and Volume components.
* Fully configurable settings for MACD, RSI, Volume SMA, and ATR periods.
* Timeframe selection for multi-timeframe analysis.
Important Notes:
1. Originality: The TVMC indicator combines multiple analysis methods into a unique framework. It does not replicate or minimally modify existing indicators.
2. Transparency: The description is detailed enough for users to understand the methodology without requiring access to the code.
3. Clarity: The indicator is explained in a way that is accessible even to users unfamiliar with complex technical analysis tools.
Compliance with TradingView Rules:
* The indicator is written in Pine Script version 5, adhering to TradingView’s language standards.
* The description is written in English to ensure accessibility to the global community, with a clear explanation of all components and functionality.
* No promotional content, links, or unrelated references are included.
* The chart accompanying the indicator is clean and demonstrates its intended use clearly, with no additional indicators unless explicitly explained.
Enhanced Cumulative Volume Delta + MAThe Enhanced Cumulative Volume Delta (CVD) indicator is designed to help traders analyze the cumulative buying and selling pressure in the market by examining the delta between the up and down volume. By tracking this metric, traders can gain insights into the strength of a trend and potential reversals. This indicator uses advanced volume analysis combined with customizable moving averages to provide a more detailed view of market dynamics.
How to Use This Indicator:
Volume Delta Visualization:
The indicator plots the cumulative volume delta (CVD) using color-coded candles, where teal represents positive delta (buying pressure) and soft red represents negative delta (selling pressure).
Moving Averages:
Use the moving averages to smooth the CVD data and identify long-term trends. You can choose between SMA and EMA for each of the three available moving averages. The first and third moving averages are typically used for short-term and long-term trend analysis, respectively, while the second moving average can serve as a medium-term filter.
Arrow Markers:
The indicator will display arrows (green triangle up for crossing above, red triangle down for crossing below) when the CVD volume crosses the 3rd moving average. You can control the visibility of these arrows through the input parameters.
Volume Data:
The indicator provides error handling in case no volume data is available for the selected symbol, ensuring that you're not misled by incomplete data.
Practical Applications:
Trend Confirmation: Use the CVD and moving averages to confirm the overall trend direction and strength. Positive delta and a rising CVD can confirm an uptrend, while negative delta and a falling CVD indicate a downtrend.
Volume Breakouts: The arrows marking when the CVD crosses the 3rd moving average can help you spot potential volume breakouts or reversals, making them useful for entry or exit signals.
Volume Divergence: Pay attention to divergences between price and CVD, as these can often signal potential trend reversals or weakening momentum.
[KaraTread] Supply & DemandThe " Supply & Demand Indicator" is designed to analyze market supply and demand zones, identify key levels such as swing points (local highs and lows), and plot Fibonacci levels. Its primary goal is to detect potential entry points, set stop-losses, and determine take-profit targets based on market structure analysis.
Key Features:
1. Swing Points Analysis:
Automatically identifies local highs (Swing Highs) and lows (Swing Lows) on the chart.
Displays these points as circles on the chart, making it easier for traders to visualize market structure.
2. Fibonacci Levels:
Calculates key Fibonacci levels based on the current market structure.
Displays these levels on the chart with different line styles for better visual clarity.
Allows customization of coefficients for entry points, stop-losses, and take-profits.
3. Supply and Demand Zones:
Automatically draws rectangular zones illustrating areas of significant market activity (green for demand zones, red for supply zones).
These zones help identify potential reversal or continuation areas in the market.
4. Trend Reversal Detection (CHoCH and BOS):
Identifies key moments of trend changes (Change of Character, CHoCH) and structure breaks (Break of Structure, BOS).
Helps traders spot when the market is likely to change direction.
5. Live Levels Display:
The indicator creates live levels that update in real-time, showing the current zones and key levels.
Settings:
Structure Settings:
Show Swing Points: Enable/disable the display of swing points.
Structure Length: Sets the length of the structure for analysis.
Fibonacci Levels Settings:
Entry point coefficient: Coefficient for calculating the entry point.
Stop loss coefficient: Coefficient for calculating the stop-loss level.
Take profit coefficient: Coefficient for calculating the take-profit level.
Usage:
This indicator is a powerful tool for identifying market zones and is suitable for both manual and automated trading strategies. By combining swing point analysis, supply/demand zones, and Fibonacci levels, it provides traders with a visual representation of the current market situation, enabling more informed decision-making.
The indicator is ideal for all types of traders, especially those who rely on price action and wish to incorporate Fibonacci levels into their strategies.
Volume PressureDraws the candle chart with colors to represent low, medium and high volumes. You get 3 colors for downward and 3 colors for upward movement. This will aid with immediately seeing the relative volume pushing the stock candle in the direction of movement.
You can control the percentage threshold for low and high volume. You also can change the colors to represent each volume level for upward and downward movement.
Volume Weighted HMA Index | mad_tiger_slayerTitle: 🍉 Volume Weighted HMA Index | mad_tiger_slayer 🐯
Description:
The Volume Weighted HMA Index is a cutting-edge indicator designed to enhance the accuracy and responsiveness of trading signals by combining the power of volume with the Hull Moving Average (HMA). This indicator adjusts the HMA based on volume-weighted price changes, providing faster and more reliable entry and exit signals while reducing the likelihood of false signals.
Intended and Best Uses:
Used for Strategy Creation:
Extremely Quick Entries and Exits
Intended for Higher timeframe however can be used for scalping paired with additional scripts.
Can be paired to create profitable strategies
TREND FOLLOWING NOT MEAN REVERTING!!!!
[Key Features:
Volume Integration: Dynamically adjusts the HMA using volume data to prioritize higher-volume bars, ensuring that market activity plays a crucial role in signal generation.
Enhanced Signal Clarity: The indicator calculates precise long and short signals by detecting volume-weighted HMA crossovers.
Bar Coloring: Visually differentiate bullish and bearish conditions with customizable bar colors, making trends easier to identify.
Custom Signal Plotting: Optional long and short signal markers for a clear visual representation of potential trade opportunities.
Highly Configurable: Adjust parameters such as volume length and calculation source to tailor the indicator to your trading preferences and strategy.
How It Works:
Volume Weighting: The indicator calculates the HMA using a volume-weighted price change, amplifying the influence of high-volume periods on the moving average.
Trend Identification: Crossovers of the volume-weighted HMA with zero determine trend direction, where:
A bullish crossover signals a long condition.
A bearish crossunder signals a short condition.
Visual Feedback: Bar colors and optional signal markers provide real-time insights into trend direction and trading signals.
Use Cases:
Trend Following: Quickly identify emerging trends with volume-accelerated HMA calculations.
Trade Confirmation: Use the indicator to confirm the strength and validity of your trade setups.
Custom Signal Integration: Combine this indicator with your existing strategies to refine entries and exits.
Notes:
Ensure that your trading instrument provides volume data for accurate calculations. If no volume is available, the script will notify you.
This script works best when combined with other indicators or trading frameworks for a comprehensive market view.
Inspired by the community and designed for traders looking to stay ahead of the curve, the Volume Weighted HMA Index is a versatile tool for traders of all levels.
Dominance: USDT + USDCThis script combines the dominance of USDT and USDC, the two largest stablecoins in the market, to provide a clear and accurate view of their impact on the total cryptocurrency market cap.
Key Features:
- Individual Dominance: Displays the percentage dominance of USDT and USDC separately.
- Combined Dominance: Shows a line combining the dominance of both stablecoins to understand their total market influence.
- Real-Time Accuracy: Updates values based on the latest TradingView data.
- Visual Clarity: Unique colors for each line for easy interpretation:
- Blue: USDT Dominance.
- Green: USDC Dominance.
- Red: Total Combined Dominance.
Benefits:
- Strategic Analysis: Evaluate how stablecoins influence capital flow in the crypto market.
- Identify Trends: Understand growth or decline in dominance to detect market direction changes.
- Informed Decisions: Ideal for traders analyzing the relationship between stablecoins and overall market movements.
How to Use:
- Add the script to your chart and monitor the dominance lines.
- Use the insights to support your trading strategy.
Note: This script does not provide buy or sell signals. It is intended for informational and analytical purposes.
ZenAlgo - Heavy DeltaThe ZenAlgo - Heavy Delta indicator is a comprehensive technical analysis tool designed for traders seeking a deeper understanding of market dynamics. It combines multiple advanced sub-indicators, including Order Blocks, Moving Averages, VWAP, and Delta Volume analysis, and more to provide actionable insights. This indicator is particularly useful for identifying potential trade entries and exits based on institutional order flow and price action patterns.
Features
Order Block Detection: Identifies bullish and bearish order blocks with detailed visualization and volume analysis.
VWAP (Volume Weighted Average Price): Tracks the average price of a security weighted by volume over various anchor periods.
Moving Averages (MA): Customizable MAs (13, 21, 50, 200 periods) to detect trends and momentum shifts.
Daily Open and Monday Range: Highlights key levels like daily open and intraday/multi-day high-low ranges for better price context.
Delta Volume Analysis: Measures the net difference between buying and selling volume for market sentiment insights.
Divergence Detection: Detects regular and hidden bullish/bearish divergences for trend reversal opportunities.
Visual Alerts: Displays intuitive symbols for potential buy/sell signals and key price levels.
Added Value: Why Is This Indicator Original/Why Shall You Pay for This Indicator?
The ZenAlgo - Heavy Delta indicator offers a distinct advantage by integrating multiple analysis techniques into one cohesive tool. While many individual indicators are freely available, this script goes beyond simple overlays to provide an advanced analytical framework. Here’s why it stands out:
1. Synergy of Indicators
Order Blocks: These are not static; the indicator dynamically calculates zones where institutional activity likely occurred, supported by volume-weighted metrics.
Delta Volume Analysis: Freely available delta volume tools typically show raw data, but this script filters noise, categorizes volume into meaningful up/down segments, and integrates it with other signals for context.
VWAP and Moving Averages: VWAP and customizable MAs are enhanced with divergence checks, color-coded trends, and market state classifications. This integration helps confirm trends and reversals with higher precision.
2. Volume-Based Insights
Traditional volume indicators often fail to show the "intent" behind price moves. This script combines delta volume and order block data to highlight areas of significant buying or selling pressure and their potential impacts on future price action.
3. Visual Simplicity with Advanced Logic
Unlike using several separate tools, which can clutter your chart, this indicator presents a streamlined interface. Every plotted element serves a clear purpose, minimizing distractions while maximizing actionable insights.
4. Customized for Active Traders
The indicator doesn’t just provide standard calculations. It includes proprietary adjustments like mitigation thresholds in order blocks, percentage-based signals for VWAP, and delta volume intensity levels that align better with active market conditions.
5. Why Pay for It?
Time and effort savings: Instead of setting up and calibrating multiple tools, this indicator combines them into a single efficient package.
Enhanced accuracy: Each sub-indicator validates the others, reducing false signals.
Unique features: For instance, the script automatically adjusts for multi-timeframe inconsistencies and uses gradient color fills to convey volume strength in order blocks—a feature absent in free indicators.
How It Works
The indicator combines individual sub-indicators into a logical framework where each part contributes to the overall analysis. Here’s how each feature operates:
1. Order Blocks
Identification: Uses specific price action patterns to locate zones of likely institutional interest (bullish or bearish blocks).
Dynamic Updates: The blocks adjust as new price data comes in, ensuring their relevance. Volume within these zones is weighted, helping assess their strength and potential price reactions.
Visual Enhancements: Blocks are color-coded and filled with gradients based on volume intensity, providing immediate visual cues about their importance.
2. VWAP (Volume Weighted Average Price)
Calculation: Anchored to user-selected periods (daily, weekly, etc.), VWAP is recalculated in real-time, showing the "fair" price based on traded volume.
Integration: Acts as a dynamic support/resistance line, particularly useful in intraday and swing trading. Labels provide percentage deviation for quick interpretation.
3. Moving Averages (MAs)
Customization: Supports various types (EMA, SMA, etc.) and lengths (13, 21, 50, 200). Traders can configure these to suit their strategies.
Market Status: By comparing the price to these MAs, the indicator classifies the market as Full Bull, Bullish, Neutral, Bearish, or Full Bear. This high-level summary helps traders quickly gauge market sentiment.
4. Delta Volume
Core Logic: Calculates the net difference between buying and selling pressure (volume) for each candle.
Visual Signals: Plots symbols when significant delta volume changes coincide with other indicator signals, like divergence or order block activity.
5. Daily Open and Monday Range
Purpose: Identifies key psychological levels like the daily open and the high/low range for the first trading day of the week.
Context: Highlights these levels with dynamic percentage changes, helping traders understand how price is behaving relative to them.
6. Divergence Detection
Logic: Tracks discrepancies between price movement and momentum (via Moving Averages, Delta Volume, and Order Blocks). These divergences often precede reversals.
Validation: Divergences are only flagged when other features, like delta volume shifts or order block interactions, confirm the setup.
By combining these tools in a meaningful way, ZenAlgo - Heavy Delta transforms raw data into actionable intelligence, giving traders a comprehensive view of market dynamics and a significant edge in decision-making.
Why Use Heikin Ashi for Heavy Delta?
The ZenAlgo - Heavy Delta indicator is optimized for Heikin Ashi (HA) candles, which smooth out market noise and make trends more visually apparent. Heikin Ashi works best for this strategy for several key reasons:
Why Heikin Ashi Works Best
Trend Clarity: Unlike traditional candlesticks, Heikin Ashi averages price data to create smoother transitions. This helps the indicator better identify sustained trends and reduces false signals caused by short-term price fluctuations.
Noise Reduction: HA candles filter out minor fluctuations and emphasize the overall market direction, making it easier to align the indicator’s signals (like Delta Volume and Order Blocks) with larger market movements.
Improved Visual Insights: Features like Order Blocks and Delta Volume align well with Heikin Ashi's smoothed representation, as it avoids the erratic movements that traditional candles sometimes display.
Better Support for Trend Strategies: Heikin Ashi candles naturally highlight key reversals and continuation patterns, which complement the analytical goals of this indicator.
Important Notes About Heikin Ashi:
Synthetic Nature of HA Candles: Heikin Ashi values are calculated differently than traditional candles. For example: a) The open is the average of the prior candle's open and close. b) The close is the average of the high, low, open, and close. This synthetic nature means that HA candles do not reflect actual market prices but rather smoothed averages, which can slightly lag real-time price movements.
Lagging Effect: Because HA candles use averaged data, they can lag behind actual price action. This is beneficial for identifying trends but less effective for precise entry/exit timing.
Inaccuracy in Low Volatility: In low-volume or low-volatility conditions, HA candles may distort actual price dynamics, leading to less reliable insights.
No Direct Alerts or Buy/Sell Signals : Issuing explicit buy or sell signals based on Heikin Ashi candles is not possible due to their averaged, synthetic nature. As such, the ZenAlgo - Heavy Delta indicator does not generate direct trading signals. Instead, the indicator is a decision-support tool that provides insights into trends, volume dynamics, and potential key levels, leaving trade execution to the trader's discretion.
Usage Examples
Trend Confirmation: Use the MA market status to identify if the market is in a Full Bull or Bear state.
Reversal Zones: Monitor order block zones for price rejection or absorption, signaling a potential reversal.
Breakout Trading: Trade breakouts when price surpasses VWAP or Monday Range highs/lows.
Delta Divergence: Look for positive/negative delta volume divergences during consolidations for breakout cues.
Mean Reversion: Use VWAP or MAs as dynamic support/resistance for mean reversion setups.
Intraday Scalping: Utilize daily open and intraday levels for short-term trades.
Swing Trading: Employ order blocks and multi-day ranges to frame swing trade setups.
Volume Climax: Identify volume spikes using Delta Volume to confirm trend continuation or reversal.
Momentum Trading: Combine divergence signals with Delta Volume for high-conviction entries.
Risk Management: Use defined order block boundaries to set stop losses and targets.
Settings
Order Blocks: Customize label visibility, label offsets, and block appearance.
VWAP: Adjust anchor period and toggle visibility.
Moving Averages: Configure length, type (EMA, SMA, etc.), and visibility of MAs (13, 21, 50, 200).
Delta Volume: Enable/disable delta symbols and labels, adjust sensitivity multipliers.
Daily Open/Monday Range: Toggle visibility and customize display preferences.
General Visuals: Adjust label offsets, color schemes, and transparency.
Important Notes
This indicator is a technical analysis tool and does not guarantee trading success.
Use it in conjunction with other indicators and fundamental analysis for a more comprehensive trading strategy.
Performance may vary in low-liquidity markets or during sudden news events.
Divergence signals might fail in strongly trending markets.
Gufran - Volume DivergenceThis indicator detects bullish and bearish divergences by analyzing price action, volume trends, and RSI (Relative Strength Index) for added confirmation. It highlights key market reversals or trend continuations by identifying when price movement diverges from volume dynamics, providing traders with actionable insights for entry and exit points.
Key Features:
Divergence Detection:
Bullish Divergence: Price makes a lower low, but volume shows higher lows, signaling potential upward reversals.
Bearish Divergence: Price makes a higher high, but volume shows lower highs, signaling potential downward reversals.
RSI Confirmation:
Bullish Signals: Confirmed when RSI is in the oversold zone.
Bearish Signals: Confirmed when RSI is in the overbought zone (optional relaxation of RSI conditions available).
Normalized Volume Analysis:
Volume is scaled to the price range, ensuring clear and meaningful visualization alongside price action.
Customizable Parameters:
Lookback Period: Define how far back the script looks to identify divergences.
Volume Significance: Adjust the threshold for significant volume movements.
RSI Levels: Fine-tune overbought and oversold thresholds for optimal signal accuracy.
Gap Control: Avoid clutter by setting a minimum number of candles between successive divergence signals.
Clear Visual Representation:
Bullish Divergence: Marked with green labels and connecting lines.
Bearish Divergence: Marked with red labels and connecting lines.
Dotted lines show normalized volume divergence, while solid lines indicate price divergence.
Ideal For:
Traders who rely on volume dynamics to validate price movements.
Those looking for an added layer of confidence using RSI to filter false signals.
Swing and intraday traders aiming to identify market reversal zones or continuation patterns.
Customization Options:
Lookback Period: Adjustable range for detecting highs and lows.
Volume Threshold: Define the multiplier for significant volume changes.
RSI Settings: Tailor overbought/oversold levels to suit your trading style.
Relax RSI Condition: Toggle stricter or more flexible conditions for bearish divergences.
How to Use:
Add the indicator to your chart and configure the parameters to fit the asset and timeframe you are trading.
Look for:
Green “Bullish Div” labels near price lows for potential buying opportunities.
Red “Bearish Div” labels near price highs for potential selling opportunities.
Use this indicator in combination with other tools like support/resistance levels, trendlines, or moving averages for a comprehensive trading strategy.
Disclaimer:
This indicator is a tool for educational purposes and should not be used as a standalone trading signal. Always conduct proper risk management and consider additional technical/fundamental analysis before making trading decisions.
Market Participation Ratio-MPR(TechnoBlooms)Market Participation Ratio (MPR) Indicator - Description
The Market Participation Ratio (MPR) is a custom indicator designed to assess market activity by analyzing price and volume relationships over a specified period. This indicator is useful for identifying trends, participation levels, and key thresholds in market behavior.
Key Features:
1. MPR Calculation:
o The indicator calculates a ratio of the current price and volume relative to their respective moving averages over a user-defined period (Length).
o This ratio is scaled to 100 for better visualization and comparison.
2. Smoothing:
o To reduce noise and make the trend clearer, the MPR is smoothed using an Exponential Moving Average (Smoothing Length), making it easier to interpret.
3. Zero Line & Threshold Levels:
o A zero line at 0 is plotted for baseline comparison.
o Horizontal reference lines at 100 (threshold for strong participation) and 50 (optional secondary level) help in evaluating market trends.
Usage:
• Traders can use the MPR to identify when market participation is increasing or decreasing, which may signal potential trend reversals or continuations.
• Values above 100 often suggest robust market activity, favorable for long positions.
• Values below 100 may indicate waning interest, potentially signaling pullbacks or bearish trends.
Customizable Inputs:
• Length: Adjusts the moving average period for price and volume calculations.
• Smoothing Length: Determines the degree of smoothing applied to the MPR.
Applications:
• Trend Analysis: Detect shifts in bullish or bearish momentum based on participation levels.
• Market Strength: Identify periods of increased or reduced market involvement by traders and investors.
• Entry/Exit Signals: Use levels around 100 as potential cues for positioning in the market.
This indicator is versatile for both short-term and long-term trading strategies and is a valuable addition for technical analysis enthusiasts seeking deeper insights into market dynamics.
Uptrick: Zero Lag HMA Trend Suite1. Name and Purpose
Uptrick: Zero Lag HMA Trend Suite is a Pine Version 6 script that builds upon the Hull Moving Average (HMA) to offer an advanced trend analysis tool. Its purpose is to help traders identify trend direction, potential reversals, and overall market momentum with reduced lag compared to traditional moving averages. By combining the HMA with Average True Range (ATR) thresholds, slope-dependent coloring, Volume Weighted Average Price (VWAP) ribbons, and optional reversal signals, the script aims to give a detailed view of price activity in various market environments.
2. Overview
This script begins with the calculation of a Hull Moving Average, a method that blends Weighted Moving Averages in a way designed to cut down on lag while still smoothing out price fluctuations. Next, several enhancements are applied. The script compares current HMA values to previous ones for slope-based coloring, which highlights uptrends and downtrends at a glance. It also plots buy and sell signals when price moves beyond or below thresholds determined by the ATR and the user’s chosen signal multiplier. An optional VWAP ribbon can be shown to confirm bullish or bearish conditions relative to a volume-weighted benchmark. Additionally, the script can plot reversal signals (labeled with B) at points where price crosses back toward the HMA from above or below. Taken together, these elements allow traders to visualize both the short-term momentum and the broader context of how price interacts with volatility and overall market direction.
3. Why These Indicators Have Been Linked Together
The reason the Hull Moving Average, the Average True Range, and the VWAP have been integrated into one script is to tackle multiple facets of market analysis in a single tool. The Zero Lag Hull Moving Average provides a responsive trend line, the ATR offers a measure of volatility that helps distinguish significant price shifts from typical fluctuations, and the VWAP acts as a reference for fair value based on traded volume. By layering all three, the script helps traders avoid the need to juggle multiple separate indicators and offers a holistic perspective. The slope-based coloring focuses on trend direction, the ATR-based thresholds refine possible buy and sell zones, and the VWAP ribbons provide insight into how price stands relative to an important volume-weighted level. The inclusion of up and down signals and reversal B labels further refines entries and exits.
4. Why Use Uptrick: Zero Lag HMA Trend Suite
The Hull Moving Average is already known for reacting more quickly to price changes compared to other moving averages while retaining a degree of smoothness. This suite enhances the basic HMA by showing colored gradients that make it easy to spot trend direction changes, highlighting potential entry or exit points based on volatility-driven thresholds, and optionally layering a volume-based measure of bullish or bearish market sentiment. By relying on a zero lag approach and additional data points, the script caters to those wanting a more responsive method of identifying shifts in market dynamics. The added reversal signals and up or down alerts give traders extra confirmation for potential turning points.
5. How This Extension Improves on the Basic HMA
This extension not only plots the Hull Moving Average but also includes data-driven alerts and visual cues that traditional HMA lines do not provide. First, it offers multi-layered slope coloring, making up or down trends quickly apparent. Second, it uses ATR-based thresholds to pinpoint moments when price may be extending beyond normal volatility, thus generating buy or sell signals. Third, the script introduces an optional VWAP ribbon to indicate whether the market is trading above or below this pivotal volume-weighted benchmark, adding a further confirmation step for bullish or bearish conditions. Finally, it incorporates optional reversal signals labeled with B, indicating points where price might swing back toward the main HMA line.
6. Core Components
The script can be broken down into several primary functions and features.
a. Zero Lag HMA Calculation
Uses two Weighted Moving Averages (half-length and full-length) combined through a smoothing step based on the square root of the chosen length. This approach is designed to reduce lag significantly compared to other moving averages.
b. Slope Detection
Compares current and prior HMA values to determine if the trend is up or down. The slope-based coloring changes between turquoise shades for upward movement and magenta shades for downward movement, making trend direction immediately visible.
c. ATR-Based Thresholding for Up and Down Signals
The script calculates an Average True Range over a user-defined period, then multiplies it by a signal factor to form two bands around the HMA. When price crosses below the lower band, an up (buy) signal appears; when it crosses above the upper band, a down (sell) signal is shown.
d. Reversal Signals (B Labels)
Tracks when price transitions back toward the main HMA from an extreme zone. When enabled, these reversal points are labeled with a B and can help traders see potential turning points or mean-reversion setups.
e. VWAP Bands
An optional Volume Weighted Average Price ribbon that plots above or below the HMA, indicating bullish or bearish conditions relative to a volume-weighted price benchmark. This can also act as a kind of support/ resistance.
7. User Inputs
a. HMA Length
Controls how quickly the moving average responds to price changes. Shorter lengths react faster but can lead to more frequent signals, whereas longer lengths produce smoother lines.
b. Source
Specifies the price input, such as close or an alternative source, for the calculation. This can help align the HMA with specific trading strategies.
c. ATR Length and Signal Multiplier
Defines how the script calculates average volatility and sets thresholds for buy or sell alerts. Adjusting these values can help filter out noise or highlight more aggressive signals.
d. Slope Index
Determines how many bars to look back for detecting slope direction, influencing how sensitive the slope coloring is to small fluctuations.
e. Show Buy and Sell Signals, Reversal Signals, and VWAP
Lets users toggle the display of these features. Turning off certain elements can reduce chart clutter if traders prefer a simpler layout.
8. Calculation Process
The script’s calculation follows a step-by-step approach. It first computes two Weighted Moving Averages of the selected price source, one over half the specified length and one over the full length. It then combines these using 2*wma1 minus wma2 to reduce lag, followed by applying another weighted average using the square root of the length. Simultaneously, it computes the ATR for a user-defined period. By multiplying ATR by the signal multiplier, it establishes upper and lower bands around the HMA, where crossovers generate buy (up) or sell (down) signals. The script can also plot reversal signals (B labels) when price crosses back from these bands in the opposite direction. For the optional VWAP feature, Pine Script’s ta.vwap function is used, and differences between the HMA and VWAP levels determine the color and opacity of the ribbon.
9. Signal Generation and Filtering
The ATR-based thresholds reduce the influence of small, inconsequential price swings. When price falls below the lower band, the script issues an up (buy) signal. If price breaks above the upper band, a down (sell) signal appears. These signals are visible through labels placed near the bars. Reversal signals, labeled with B, can be turned on to help detect when price retraces from an extended area back toward the main HMA line. Traders can disable or enable these signals to match their preferred level of chart detail or risk tolerance.
10. Visualization on the Chart
The Zero HMA Lag Trend Suite aims for visual clarity. The HMA line is plotted multiple times with increasing transparency to create a gradient effect. Turquoise gradients indicate upward slopes, and magenta gradients signify downward slopes. Bar coloring can be configured to align with the slope direction, providing quick insight into current momentum. When enabled, buy or sell labels are placed under or above the bars as price crosses the ATR-defined boundaries. If the reversal option is active, B labels appear around areas where price changes direction. The optional VWAP ribbons form background bands, using distinct coloration to signal whether price is above or below the volume-weighted metric.
11. Market Adaptability
Because the script’s parameters (HMA length, ATR length, signal multiplier, and slope index) are user-configurable, it can adapt to a wide range of markets and timeframes. Intraday traders may prefer a shorter HMA length for quick signals, while swing or position traders might use a longer HMA length to filter out short-lived price changes. The source setting can also be adjusted, allowing for specialized data inputs beyond just close or open values.
12. Risk Management Considerations
The script’s signals and labels are based on past price data and volatility readings, and they do not guarantee profitable outcomes. Sharp market reversals or unforeseen fundamental events can produce false signals. Traders should combine this tool with broader risk management strategies, including stop-loss placement, position sizing, and independent market analyses. The Zero HMA Lag Trend Suite can help highlight potential opportunities, but it should not be relied upon as the sole basis for trade decisions.
13. Combining with Other Tools
Many traders choose to verify signals from the Zero HMA Lag Trend Suite using popular indicators like the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), or even simple volume-based metrics to confirm whether a price movement has sufficient momentum. Conventional techniques such as support and resistance levels, chart patterns, or candlestick analysis can also supplement signals generated by the script’s up, down, or reversal B labels.
14. Parameter Customization and Examples
a. Short-Term Day Trading
Using a shorter HMA length (for instance, 9 or 14) and a slightly higher ATR multiplier might provide timely buy and sell signals, though it may also produce more whipsaws in choppy markets.
b. Swing or Position Trading
Selecting a longer HMA length (such as 50 or 100) with a moderate ATR multiplier can help users track more significant and sustained market moves, potentially reducing the effect of minor fluctuations.
c. Multiple Timeframe Blends
Some traders load two versions of the indicator on the same chart, one for short-term signals (with frequent B label reversals) and another for the broader trend direction, aligning entry and exit decisions with the bigger picture.
15. Realistic Expectations
Even though the Hull Moving Average helps minimize lag and the script incorporates volatility-based filters and optional VWAP overlays, it cannot predict future market behavior with complete accuracy. Periods of low liquidity or sudden market shocks can still lead to signals that do not reflect longer-term trends. Frequent parameter review and manual confirmation are advised before executing trades based solely on the script’s outputs.
16. Theoretical Background
The Hull Moving Average formula aims to balance smoothness with reactivity, accomplished by combining Weighted Moving Averages at varying lengths. By subtracting a slower average from a faster one and then applying another smoothing step with the square root of the original length, the HMA is designed to respond more promptly to price changes than typical exponential or simple moving averages. The ATR component, introduced by J. Welles Wilder, calculates the average range of price movement over a user-defined period, allowing the script to assess volatility and adapt signals accordingly. VWAP provides a volume-weighted benchmark that many institutional traders track to gauge fair intraday value.
17. Originality and Uniqueness
Although multiple HMA-based indicators can be found, Uptrick: Zero Lag HMA Trend Suite sets itself apart by merging slope-based coloring, ATR thresholds, VWAP ribbons, up or down labels, and optional reversal signals all in one cohesive platform. This synergy aims to reduce chart clutter while still giving traders a comprehensive look at trend direction, volatility, and volume-based sentiment.
18. Summary
Uptrick: Zero Lag HMA Trend Suite is a specialized trading script designed to highlight potential market trends and reversals with minimal delay. It leverages the Hull Moving Average for an adaptive yet smooth price line, pairs ATR-based thresholds for detecting possible breakouts or dips, and provides VWAP-based ribbons for added volume-weighted context. Traders can further refine their entries and exits by enabling up or down signals and reversal labels (B) where price may revert toward the HMA. Suitable for a wide range of timeframes and instrument types, the script encourages a disciplined approach to trade management and risk control.
19. Disclaimer
This script is provided for informational and educational purposes only. Trading and investing involve significant financial risk, and no indicator can guarantee success under all conditions. Users should practice robust risk management, including the placement of stop losses and position sizing, and should confirm signals with additional analysis tools. The developer of this script assumes no liability for any trading decisions or outcomes resulting from its use.
Comprehensive Volume and Metrics with Pre-Market Volume Data
This script is designed for traders who want a detailed view of market activity, including regular market and pre-market volume, dollar volume, relative volume (RVOL), average daily range (ADR), average true range (ATR), relative strength index (RSI), and the QQQ’s percentage change.
The script includes customizable metrics displayed in tables on the chart for easy analysis, with the option to toggle the visibility of each metric.
Key Features:
Volume and Dollar Volume:
Displays the volume of shares traded during the current day (or pre-market, if enabled).
Includes a calculation of dollar volume, representing the total dollar amount of trades (Volume × Close Price).
Relative Volume (RVOL):
Displays RVOL Day, which is the relative volume of the current day compared to the 2-day moving average.
Shows RVOL 90D, indicating relative volume over the past 90 days.
Both RVOL metrics are calculated as percentages and display the percentage change compared to the standard (100%).
Pre-Market Data:
Includes pre-market volume (PVOL) and pre-market dollar volume (P$ VOL) which are displayed only if pre-market data is enabled.
Tracks volume and dollar volume during pre-market hours (4:00 AM to 9:30 AM Eastern Time) for more in-depth analysis.
Optionally, shows pre-market RSI based on volume-weighted close prices.
Average Daily Range (ADR):
Displays the percentage change between the highest and lowest prices over the defined ADR period (default is 20 days).
Average True Range (ATR):
Shows the ATR, a popular volatility indicator, for a given period (default is 14 bars).
RSI (Relative Strength Index):
Displays RSI for the given period (default is 14).
RSI is calculated using pre-market data when available.
QQQ:
Shows the percentage change of the QQQ ETF from the previous day’s close.
The QQQ percentage change is color-coded: green for positive, red for negative, and gray for no change.
Customizable Inputs:
Visibility Options: Toggle the visibility of each metric, such as volume, dollar volume, RVOL, ADR, ATR, RSI, and QQQ.
Pre-Market Data: Enable or disable the display of pre-market data for volume and dollar volume.
Table Positioning: Adjust the position of tables displaying the metrics either at the bottom-left or bottom-right of the chart.
Text Color and Table Background: Choose between white or black text for the tables and customize the background color.
Tables:
The script utilizes tables to display multiple metrics in an organized and easy-to-read format.
The values are updated dynamically, reflecting real-time data as the market moves.
Pre-Market Data:
The script calculates pre-market volume and dollar volume, along with other key metrics like RSI and RVOL, to help assess market sentiment before the market officially opens.
The pre-market data is accumulated from 4:00 AM to 9:30 AM ET, allowing for pre-market analysis and comparison to regular market hours.
User-Friendly and Flexible:
This script is designed to be highly customizable, giving you the ability to toggle which metrics to display and where they appear on the chart. You can easily focus on the data that matters most to your trading strategy.
Price Move DetectorThe Price Move Detector is a powerful technical analysis tool that automatically detects and highlights significant price movements over a user-defined time frame. This indicator allows traders to quickly identify instances where an asset has experienced a large price change, making it easier to spot potential trading opportunities.
Key Features
Customizable Parameters: Adjust the percentage change and time period (bars or sessions) to define what qualifies as a "significant" price move.
Automatic Highlighting: The indicator overlays a background highlight on the chart whenever the price moves by the specified percentage within the chosen time period.
Flexible Time Frame: Use this indicator across various timeframes and adjust the settings to suit your trading strategy, such as detecting 100% price moves over 20 sessions.
Ideal for Historical Analysis: Perfect for backtesting and screening for past price surges, helping traders spot explosive price action and market trends.
Use Cases
Spot Potential Breakouts: Use the detector to identify stocks or assets that have made significant moves, potentially signaling the start of a breakout or new trend.
Quickly Identify Major Market Moves: Scan historical data to pinpoint times when an asset experienced substantial price changes, providing insight into past performance and future potential.
How to Use
Customize the Settings
Percentage Threshold: Set the minimum percentage increase (e.g., 50%, 100%) that qualifies as a significant move. You can experiment with different percentages to suit your analysis.
Time Period (Bars): Define the lookback period (in bars/sessions) over which the price move should be measured. For example, set it to 20 bars for a one-month time frame on a daily chart.
Analyze the Highlights
Whenever the price increases by the defined percentage over the set period, the indicator will highlight that section of the chart with a background color.
The highlighted sections will make it easy to identify historical periods of large price movements, which can be useful for spotting trends, potential breakouts, or other market behaviors.
Adjust the Parameters for Your Strategy
You can fine-tune the settings to detect smaller or larger price moves depending on your trading goals.
The indicator is flexible enough for use on different timeframes and assets, providing valuable insights across various markets.
Smashing Pump Delta [by Oberlunar]Smashing Pump Δ by Oberlunar
This is a Crypto Δ Volumetric Pump indicator specifically designed to detect crypto pumps. Its primary goal is to highlight moments when buying volume significantly outweighs selling volume on a lower timeframe, suggesting strong upward momentum in the market.
I can't access to the data feed thus the core of its functionality lies in calculating the volume delta Δ in a simpler way... by measuring the difference between aggregated buy and sell volumes. Buy volume is recorded when a lower timeframe candle closes higher than it opened (green candles), while sell volume is recorded when a candle closes lower than it opened (red candles). By focusing exclusively on these buy and sell imbalances, the indicator naturally leans toward identifying positive surges in activity—the hallmark of a pump.
Unlike dumps, which are often accompanied by panic selling and rapid downward movement, pumps are driven by aggressive buying pressure which in crypto assets is very interesting. This indicator is designed to highlight those spikes in buying volume, helping traders pinpoint moments when a significant upward move might be unfolding. It achieves this by tracking the largest volume delta over recent candles and marking it clearly on the chart.
So, if you’re looking for a tool to spot when the bulls are charging, this indicator is your ally.
- Please as in the figure consider the progression of the local maxima before... -
Thin Liquidity Zones [PhenLabs]Thin Liquidity Zones with Volume Delta
Our advanced volume analysis tool identifies and visualizes significant liquidity zones using real-time volume delta analysis. This indicator helps traders pinpoint and monitor critical price levels where substantial trading activity occurs, providing precise volume flow measurement through lower timeframe analysis.
The tool works by leveraging the fact that hedge funds, institutions, and other large market participants strategically fill their orders in areas of thin liquidity to minimize slippage and market impact. By detecting these zones, traders gain valuable insights into potential areas of accumulation, distribution, and liquidity traps, allowing for more informed trading decisions.
🔍 Key Features
Real-time volume delta calculation using lower timeframe data
Dynamic zone creation based on volume spikes
Automatic timeframe optimization
Size-filtered zones to avoid noise
Custom delta timeframe scanning
Flexible analysis period selection
📊 Visual Demonstration
💡 How It Works
The indicator continuously scans for high-volume areas where trading activity exceeds the specified threshold (default 6.0x average volume). When detected, it creates zones that display the net volume delta, showing whether buying or selling pressure dominated that price level.
Key zone characteristics:
Size filtering prevents noise from large price swings
Volume delta shows actual buying/selling pressure
Zones automatically expire based on lookback period
Real-time updates as new volume data arrives
⚙️ Settings
Time Settings
Analysis Timeframe: 15M to 1W options
Custom Period: User-defined bar count
Delta Timeframe: Automatic or manual selection
Volume Analysis
Volume Threshold: Minimum spike multiple
Volume MA Length: Averaging period
Maximum Zone Size: Size filter percentage
Display Options
Zone Color: Customizable with transparency
Delta Display: On/Off toggle
Text Position: Left/Center/Right alignment
📌 Tips for Best Results
Adjust volume threshold based on instrument volatility
Monitor zone clusters for potential support/resistance
Consider reducing max zone size in volatile markets
Use in conjunction with price action and other indicators
⚠️ Important Notes
Requires volume data from your data provider
Lower timeframe scanning may impact performance
Maximum 500 zones maintained for optimization
Zone creation is filtered by both volume and size
🔧 Volume Delta Calculation
The indicator uses TradingView’s advanced volume delta calculation, which:
Scans lower timeframe data for precision
Measures actual buying vs selling pressure
Updates in real-time with new data
Provides clear positive/negative flow indication
This tool is ideal for traders focusing on volume analysis and order flow. It helps identify key levels where significant trading activity has occurred and provides insight into the nature of that activity through volume delta analysis.
Note: Performance may vary based on your chart’s timeframe. Adjust settings according to your trading style and the instrument’s characteristics. Past performance is not indicative of future results, DYOR.
Fusion Of Momentum Oscillator [A0A-Indicator]The "Fusion Of Momentum Oscillator " is an advanced trading tool, meticulously designed and developed by A0A, the original creator and innovator behind this unique script. Combining "Price" and "Interest" metrics, it provides traders with a sophisticated yet intuitive way to analyze market dynamics, offering unmatched clarity and actionable insights.
Key Features
Designed by A0A – Innovation at its Core
- This script reflects the visionary expertise of A0A, integrating proprietary methodologies to deliver an unparalleled trading experience.
Built to empower traders with a seamless blend of simplicity, functionality, and precision.
- Adaptable Timeframe Selection
Supports customizable timeframes to suit various trading strategies—whether you're a day trader, swing trader, or long-term investor.
Adjust the analysis to your preferred timeframe for deeper insights.
- Two Core Metrics for Market Analysis
Price: Tracks and visualizes price momentum with adjustable sensitivity and customizable periods, providing a clear view of trend strength.
Interest: Measures and highlights shifts in market activity, revealing potential areas of increased trading focus.
- Normalized Value Scale
Both metrics are normalized on a scale of -100 to 100, making them easy to interpret and directly comparable.
Offers a clear, standardized perspective on market trends and movements.
- Stunning Visual Representation
Dynamic Color Coding:
Positive and negative values for "Price" are color-coded for immediate trend recognition.
Smooth Transparency:
"Interest" is plotted as a semi-transparent area, drawing attention to key market activity changes.
Reference Levels
Horizontal markers at critical levels (-50, 0, 50) help traders easily identify zones of interest.
- Fully Customizable Aesthetics
Personalize color schemes for "Price" and "Interest" to match your visual preferences.
Create a clear and tailored visual experience that supports your trading workflow.
- Optimized for Speed and Accuracy
Built using efficient algorithms for fast, precise calculations without sacrificing performance.
Provides reliable results, even in fast-moving markets.
Why Choose the A0A Indicator?
Creator’s Legacy
Developed by A0A, this script incorporates expertise and innovation in trading technology.
Actionable Insights
Focuses on delivering signals that are clear, intuitive, and aligned with real-world market behavior.
Adaptability for All Traders
From beginners to professionals, this tool is flexible enough to meet the needs of any trader.
Perfect for Every Trading Style
Trend Followers
Stay on top of market momentum with clear visual cues.
Signal Seekers
Pinpoint potential reversal points and breakout zones with ease.
Strategic Investors
Make data-driven decisions with a focus on market behavior.
Volatility Footprint CandlesVolatility Footprint is an innovative volume profile indicator that dynamically adapts to real-time market conditions, providing traders with a powerful tool to visualize and interpret market structure, order flow, and potential areas of support and resistance.
At its core, Volatility Footprint combines the concepts of market profile, volume analysis, and volatility measurement to create a unique and adaptive charting experience. The indicator intelligently adjusts its display based on the current market volatility, ensuring that traders always have a clear and readable chart, regardless of the instrument or timeframe they are analyzing.
The footprint chart is composed of a series of color-coded boxes, each representing a specific price level. The color of the box indicates whether there is a net buying or selling pressure at that level, while the opacity reflects the relative strength of the volume. This intuitive visualization allows traders to quickly identify areas of high and low volume, as well as potential imbalances in order flow.
In addition to the individual box volumes, Volatility Footprint also calculates and displays the cumulative volume delta. This running total of buy and sell volumes across all price levels provides valuable insight into the overall market sentiment and potential trends.
One of the key features of Volatility Footprint is its ability to identify and highlight the Point of Control (POC). The POC represents the price level with the highest volume concentration and serves as a key reference point for potential support or resistance. By drawing attention to this crucial level, the indicator helps traders make more informed decisions about potential entry and exit points.
Volatility Footprint is designed to be highly customizable, allowing traders to tailor the appearance of the footprint chart to their specific preferences. Users can easily modify the colors, opacity, and size of the boxes, labels, and POC marker to enhance readability and clarity.
The indicator's versatility makes it suitable for a wide range of trading styles and strategies. Whether you are a scalper looking for short-term opportunities or a swing trader aiming to identify potential trend reversals, Volatility Footprint can provide valuable insights into market dynamics.
By combining Volatility Footprint with other forms of analysis, such as price action, key levels, and technical indicators, traders can gain a more comprehensive understanding of market behavior and make better-informed trading decisions.
Volatility Footprint's adaptive approach to volume profile analysis sets it apart from traditional fixed-resolution volume profile indicators. By dynamically adjusting to the unique characteristics of each instrument and timeframe, the indicator ensures that traders always have a clear and meaningful representation of market structure and order flow.
Volatility Footprint is a powerful tool that traders can incorporate into their market analysis and decision-making process. By providing a dynamic, visual representation of volume and order flow at different price levels, this indicator offers valuable insights into market structure, sentiment, and potential areas of support and resistance. Let's explore how traders might effectively utilize Volatility Footprint in their trading approach.
1. Identifying Key Levels:
One of the primary uses of Volatility Footprint is to identify key price levels where significant trading activity has occurred. The color-coded boxes allow traders to quickly spot areas of high volume concentration, which may indicate potential support or resistance zones. For example, if a trader notices a cluster of boxes with high opacity at a specific price level, they may interpret this as a strong support or resistance area, depending on the prevailing market context. By paying attention to these key levels, traders can make more informed decisions about potential entry and exit points, as well as placement of stop-loss orders and profit targets.
2. Assessing Market Sentiment:
The cumulative volume delta feature of Volatility Footprint provides traders with a valuable gauge of overall market sentiment. By analyzing the running total of buy and sell volumes across all price levels, traders can gain insight into the dominant market forces at play. If the cumulative delta is significantly positive, it may suggest a bullish sentiment, as buying pressure has been consistently outpacing selling pressure. Conversely, a negative cumulative delta may indicate a bearish sentiment. Traders can use this information to confirm or question their bias and adjust their trading plan accordingly.
3. Confirming Breakouts and Trend Reversals:
Volatility Footprint can be particularly useful in confirming the strength and validity of breakouts and potential trend reversals. When a price level is breached, traders can refer to the footprint chart to assess the volume and order flow characteristics around that level. If the breakout is accompanied by a surge in volume and a clear imbalance between buying and selling pressure, it may suggest a strong and sustainable move. On the other hand, if the volume is relatively low or evenly distributed, the breakout may be less reliable. By using Volatility Footprint to confirm breakouts, traders can make more informed decisions about whether to enter or exit a trade, or to adjust their position size.
4. Detecting Imbalances and Potential Reversals:
Imbalances between buying and selling pressure at specific price levels can often precede significant market moves or reversals. Volatility Footprint makes it easy for traders to spot these imbalances visually. For instance, if a trader observes a price level with a significantly larger number of sell boxes compared to buy boxes, it may indicate a potential exhaustion point for a bullish trend, and a reversal might be imminent. Traders can use this information in conjunction with other technical analysis tools, such as trendlines, moving averages, or momentum oscillators, to identify high-probability trading opportunities.
5. Adapting to Market Conditions:
One of the key strengths of Volatility Footprint is its ability to dynamically adapt to the unique volatility characteristics of different instruments and timeframes. This adaptability ensures that the indicator remains relevant and informative across a wide range of market conditions. Traders can use Volatility Footprint to gauge the relative volatility and volume of a particular instrument or timeframe, and adjust their trading approach accordingly. For example, in a highly volatile market, traders may opt for wider stop-loss levels and smaller position sizes to account for the increased risk.
Incorporating Volatility Footprint into a trading strategy requires a combination of technical analysis, market understanding, and risk management. Traders should use this indicator as part of a comprehensive approach, combining it with other forms of analysis, such as price action, key levels, and technical indicators. By doing so, traders can gain a more complete picture of market dynamics and make better-informed trading decisions.
It's important to note that while Volatility Footprint provides valuable insights, it should not be relied upon as a standalone trading signal. Traders should always consider the broader market context, their risk tolerance, and their overall trading plan when making decisions based on the information provided by this indicator.
In conclusion, Volatility Footprint offers traders a dynamic and visually intuitive way to analyze market structure, volume, and order flow. By identifying key levels, assessing market sentiment, confirming breakouts, detecting imbalances, and adapting to market conditions, traders can leverage this powerful tool to make more informed and confident trading decisions. As with any technical analysis tool, Volatility Footprint should be used in conjunction with sound risk management principles and a well-defined trading strategy to maximize its effectiveness.
OHLC/4 Daily vs Quarterly CrossOHLC/4 Daily vs Quarterly Cross
The "OHLC/4 Daily vs Quarterly Cross" indicator is a powerful tool designed to provide traders with insights into trend alignment and potential market turning points. By calculating the average of the open, high, low, and close prices (OHLC/4), this script compares the daily average price action with the quarterly average to identify significant crossover events.
This indicator features two distinct lines: the Daily OHLC/4 and the Quarterly OHLC/4, each plotted in different colors for easy differentiation. A crossover occurs when the daily OHLC/4 moves above the quarterly average, potentially signaling bullish momentum or a shift in market direction. Conversely, a crossunder marks the daily OHLC/4 moving below the quarterly level, indicating potential bearish sentiment or a reversal.
With real-time plotting and built-in alert conditions, this script enables traders to stay ahead of critical market movements by setting automated notifications for crossover events. Whether you're seeking to confirm trends or identify new opportunities, the "OHLC/4 Daily vs Quarterly Cross" delivers clarity and actionable insights for more informed decision-making.
Robinhood Crypto Combined Volume Tracker
This indicator provides a comprehensive visualization of the combined trading volume for all cryptocurrency pairs available on Robinhood, tailored to the selected region (USA or Europe). The chart dynamically updates based on your selected region, providing actionable insights into market activity.
Features:
Dynamic Region Selection: Toggle between USA and Europe to display the relevant trading pairs for your region.
Combined Volume Visualization: Aggregates and plots the total trading volume for all selected cryptocurrency pairs.
Dynamic Background: Background color changes based on the selected region for visual clarity.
Real-Time Debug Label: Displays the selected region and current total combined volume on the latest bar.
Color-Coded Chart: Distinct plot colors for USA (blue) and Europe (green) to easily identify the region.
Use Cases:
Market Trends: Monitor total crypto market activity to gauge investor interest and trading momentum in different regions.
Region-Specific Analysis: Compare trading behavior between USA and Europe by switching regions.
Volume Comparisons: Assess market strength by observing changes in combined volume over time.
How to Use:
Select your desired region (USA/Europe) using the "Select Region" dropdown.
View the combined trading volume plot on the chart.
Use the background color and chart plot for quick identification of region-specific data.
Notes:
The combined volume calculation is based on the daily timeframe (D) and updates dynamically.
Ensure the selected region matches your area of interest to get accurate insights.
This indicator is ideal for traders looking to analyze and compare crypto trading activity across regions in a consolidated view.
Relative Volume Index [PhenLabs]Relative Volume Index (RVI)
Version: PineScript™ v6
Description
The Relative Volume Index (RVI) is a sophisticated volume analysis indicator that compares real-time trading volume against historical averages for specific time periods. By analyzing volume patterns and statistical deviations, it helps traders identify unusual market activity and potential trading opportunities. The indicator uses dynamic color visualization and statistical overlays to provide clear, actionable volume analysis.
Components
• Volume Comparison: Real-time volume relative to historical averages
• Statistical Bands: Upper and lower deviation bands showing volume volatility
• Moving Average Line: Smoothed trend of relative volume
• Color Gradient Display: Visual representation of volume strength
• Statistics Dashboard: Real-time metrics and calculations
Usage Guidelines
Volume Strength Analysis:
• Values > 1.0 indicate above-average volume
• Values < 1.0 indicate below-average volume
• Watch for readings above the threshold (default 6.5x) for exceptional volume
Trading Signals:
• Strong volume confirms price moves
• Divergences between price and volume suggest potential reversals
• Use extreme readings as potential reversal signals
Optimal Settings:
• Start with default 15-bar lookback for general analysis
• Adjust threshold (6.5x) based on market volatility
• Use with multiple timeframes for confirmation
Best Practices:
• Combine with price action and other indicators
• Monitor deviation bands for volatility expansion
• Use the statistics panel for precise readings
• Pay attention to color gradients for quick assessment
Limitations
• Requires quality volume data for accurate calculations
• May produce false signals during pre/post market hours
• Historical comparisons may be skewed during unusual market conditions
• Best suited for liquid markets with consistent volume patterns
Note: For optimal results, use in conjunction with price action analysis and other technical indicators. The indicator performs best during regular market hours on liquid instruments.
