Strategy - Relative Volume GainersStrategy - Relative Volume Gainers
Overview:
This trading strategy, called "Relative Volume Gainers," is designed for Long Entry opportunities in the stock market. The strategy aims to identify potential trading candidates based on specific technical conditions, including volume, price movements, and indicator alignments.
Strategy Rules:
The strategy is focused solely on Long Entry positions.
The volume for the current trading day must be greater than or equal to the volume of the previous day.
The percentage change in price must be greater than or equal to 2.5%.
The Last Traded Price (LTP) must be greater than or equal to the Exponential Moving Average (EMA) 200.
The Relative Volume for the current trading day (calculated over the last 30 days) must be greater than or equal to the Simple Moving Average (SMA) of Relative Volume over the same 30 days.
The current candle on the chart should be Green or Bullish, indicating positive price movement.
The price difference between bid and ask prices should be kept to a minimum.
It's recommended to also analyze market depth for better insights.
Strategy Requirements:
Add the Exponential Moving Average (EMA) 200 to your trading chart.
This strategy can be applied on charts of any timeframe.
For intraday trading, particularly for early entry, consider using a 1-minute timeframe.
It is advisable to create a screener to identify potential trades in real-time market conditions.
Risk Warning:
Stocks that meet the strategy criteria might exhibit high volatility and a high beta, making them inherently risky to trade. Exercise caution and adhere to predetermined risk management strategies.
Determine your trading quantity based on your entry price and stop loss in order to manage risk effectively.
Quantity Calculation Formula:
Quantity calculation is crucial to manage risk and position sizing. The following formulas can be used based on your trading scenario:
Quantity with Leverage:
Quantity = (((Using Capital / 100) * Risk Percent) / (Entry Price - Stop Loss)) * Leverage
Eg: Quantity = (((10000 / 100) * 0.2) / (405.5 - 398.5)) * 5
Quantity = 14
Risk = Rs.100 (Rs.100 is 1% of Rs.10000. So the risk is 1%, means we lose only Rs.100 when the SL is hit. If SL is increased the Quantity will get reduced to maintain a fixed risk of Rs.100)
Quantity without Leverage:
Quantity = (((Using Capital / 100) * Risk Percent) / (Entry Price - Stop Loss))
Note:
Always stay informed about market conditions and be prepared for potential rapid price movements when trading stocks that meet the strategy criteria. Strictly adhere to your predefined risk management strategy to safeguard your capital.
Indicateur de Volume
Volume as a Percent of Float by 3iauVolume as a Percent of Float
Plot the difference between current Chart Volume as a percent of Float/Outstanding and the moving average of the same.
Apply a multiplier to this value.
Plot the moving average of the difference between current Chart Volume as a percent of Float/Outstanding and the moving average of the same.
Volume Delta Compare [Ticks ~ LTF data]
The "Volume Delta Compare " publication shows 2 different techniques to show into-depth details of Volume, using Tick and Lower-Time-Frame (LTF) data.
🔶 USAGE
Check for divergences between price and volume movement
Check details (why and when a ΔV developed)
Or if you want to see a lot of data stacked on each other )
🔶 CONCEPTS
🔹 Tick vs. LTF data
a Tick is an measure of (upward or downward) movement in price OR volume.
We can use this data by using varip in the code.
Advantage:
• Detail, detail, detail
• Accurate, per tick
Disadvantage:
• Only realtime
• Can reset 'easily' -> loss of data
• Will reset when settings are changed
LTF data, through the request.security_lower_tf() function, measures the OHLCV data per LTF bar
Advantage:
• Access to history when loading a chart
• No 'loss' of data when chart resets
Disadvantage:
• Less detailed
• Less accurate
This script makes it possible to compare the 2 techniques and enables you to show different values.
🔹 Values
There are mainly 3 important values:
• UP volume (uV): volume when price rises
• DOWN volume (dV): volume when price falls
• NEUTRAL volume (nV): volume when price stays the same
From this, additional data is calculated:
• Volume Delta (ΔV): uV minus dV
• Cumulative Delta Volume (cΔV): sum of ΔV
One typical nV is at open: at that moment there isn't a base price to compare with,
so when the first trade doesn't fully fill the first supply (up or down), volume will rise, but price just is 'open', no movement -> no uV or dV.
• Tick data: every volume changement per tick will be added to the concerning variable (uV, dV or nV)
• LTF data: every volume changement of each bar will be added to the concerning variable (uV, dV or nV)
-> this can easily give a difference, for example (Tick vs. 1 minute LTF), when most of the ticks caused a rise of price, but at the last few seconds, a few ticks causes the close to come below open, with Tick data this could give more UP Volume, while LTF data will show 1 value of DOWN Volume.
🔶 EXAMPLES
🔹 Details
In these examples you can see:
• grey line: Total volume (higher precision)
• UP/DOWN/NEUTRAL Volume
• green columns: uV
• orange columns: dV
• blue pillars: nV
• coloured stepline: reflects ΔV
• close > open and positive ΔV -> green
• close > open but negative ΔV -> fuchsia
• close < open and negative ΔV -> orange
• close < open but positive ΔV -> bright lime green
• Right side -> indication of used data (Tick/LTF data) + last ΔV
• labels (can be disabled)
Above 0 (only with Tick data): data from EVERY tick (ΔV ):
• first the amount of Volume (0 when the amount is very minimal)
• between brackets: price movement
Below 0:
• Σ V: sum of uV, dV and nV, for that bar
• Σ up: sum of uV for that bar
• Σ dn: sum of dV for that bar
• Σ nt: sum of nV for that bar
• Σ P: sum of price movement, for that bar (only at Tick data)
(At the right you'll see a new bar just started)
Here is a detail of the first second at opening:
🔹 Cumulative Volume Delta (CVD)
Difference CVD based on Tick vs. LTF data :
(horizontal lines added for reference)
🔶 FEATURES
🔹 Minimal plotting of na values
Data window and status line only show what is applicable (tick or LTF data) to diminish clutter of data values:
The Tick option has a label above 0 which includes details of every Tick.
If data is added every tick, that label on a 10 minute chart will be filled beyond limitations pretty quickly (string max_length = 4096 limit).
To prevent the script stopping to execute, at a certain limit, this label will stop updating and show the message "Too much data".
The label below the 0-line won't reach that limit, so it will keep on updating.
Timeframes closer to 1 second will have less risk to reach that 4096 limit. Details will remain to show in this case.
🔹 Automatic label colour adaption when changing between dark/light mode values
Label background/text-colour will adapt according to the dark/light-mode by using chart.fg_color / chart.bg_color
🔶 SETTINGS
🔹 Data from: Ticks vs. LTF data
🔹 LTF: Lower Time-Frame for when LTF option is chosen: 1, 5, 10, 15, 30 Seconds or 1 minute
🔹 Also start when bar already has data: only for tick data -> when disabled calculations only start on a new bar.
🔹 CVD, Only show Cumulative Delta Volume: enable to just display CVD
🔹 Colours: colour at the right is for price/volume direction divergences
🔹 Label: choose what you want to display + size labels
🔹 0-line: The label under the 0-line sometimes goes below the chart. this can be adjusted with this setting.
Volume Delta Methods (Chart) [LuxAlgo]The Volume Delta Methods (Chart) aims at highlighting the relationship between Buying or Selling Pressure and Price by presenting Volume Delta , and multiple derivatives of volume delta such as Cumulative Volume Delta (CVD) , Buy/Sell Volume , Total Volume , etc on top of the Main Price Chart .
The script uses two different intrabar (chart bars at a lower timeframe than the chart's) analyses to achieve the most approximate calculation of the volume delta and offers fully customizable visualization features using various types of charts such as line, area, baseline, candles, and histograms.
The script allows traders to see "within" the price bar, provides more transparency over a traditional volume histogram, and also allows users to monitor price and volume activity together.
🔶 USAGE
Volume delta is the difference between the buying volume and the selling volume, in other words, it is the net demand at a given bar allowing traders a more detailed insight when analyzing the market sentiment. A volume delta greater than 0 indicates more buying than selling pressure, whereas a volume delta less than 0 indicates more selling than buying pressure.
Volume delta plus total volume (regular volume) adds additional insight, where the total volume represents all the recorded trades for security that occurs in a given time interval. It is a measurement of the participation, enthusiasm, and interest in a given security.
Divergences occur when the polarity of the volume delta does not match the polarity of the price bar.
The users can enable the display of the numerical values of the volume delta.
Cumulative Volume Delta (CVD) is a way of using Volume Delta to measure an asset’s mid-to-long-term buy and sell pressure. It compares buying and selling volume over time and offers insights into market behavior at specific price points. Cumulative Volume Delta is effectively a continuation of the principles of Volume Delta but involves longer time periods and offers different trading signals.
Like the Volume Delta, the Cumulative Volume Delta (CVD) indicator measures the relationship between buy and sell pressure but does not focus on one specific candle in particular. Rather, the Cumulative Volume Delta takes the relative differences and combines them all over an extended time period.
Users have the ability Cumulative Volume Delta in various types of charts along with an optional smoothing line.
Placed above price bars options.
Interacting with price bar options helps to better identify CVD Divergences.
CVD Divergences
CVD reveals buying and selling trends that may or may not complement the price trend of the asset itself. Sometimes, price trends can run in contrast to trading behavior — sell volume can be dominant while the spot price is rising, and vice versa.
🔶 DETAILS
Theoretically, volume delta is calculated by taking the difference between the volume that traded at the ask price and the volume that traded at the bid price. The most precise calculation method uses tick data but requires huge amounts of data on historical bars, which usually limits the historical depth of charts. This indicator uses two different intrabar analysis methods for the volume delta calculation, where intrabars are chart bars at a lower timeframe than the chart's timeframe:
The logic used to assign intrabar volume to the "up" or "down".
- Buying/Selling pressure of the intrabar option (default)
(close - low) > (high - close) => UP
(close - low) < (high - close) => DOWN
(close - low) = (high - close) => close - previous close is used
- Polarity of the intrabar option
close > open => UP
close < open => DOWN
close = open => close - previous close is used
🔶 SETTINGS
The script takes into account user-defined parameters and performs calculations and presentations based on them, where detailed usage for each user-defined input parameter in indicator settings is provided with the related input's tooltip.
🔹 Calculation Settings
Calculation Method: Calculation method selection, available options 'Intrabar Buying/Selling Pressure' or 'Intrabar Polarity'.
Lower Timeframe Precision: Sets indicator precision, default option is 'Auto'.
🔹 Presentation Settings
Volume Delta: Toggles the visibility of the Volume Delta
Cumulative Volume Delta: Toggles the visibility of the Cumulative Volume Delta
Volume Delta/Price Bar Divergences: Toggles the visibility of the Volume Delta Divergences
Volume Delta Numerical Values: Toggles the visibility of the Volume Delta Numerical Values
🔹 Other Features
Volume MA: Toggles the visibility of the Volume Moving Average
CVD Smoothing: Toggles the visibility of the Cumulative Volume Delta's Smoothing Line
🔹 Volume Delta, Others
Volume Delta: Positive, Negative: Volume Delta color customization options
Volume Histogram: Growing, Falling: Volume Histogram color customization options
Display Length: Length of the visual objects presented with this indicator
Volume Delta Height: Volume delta height customization options
Volume Histogram Height: Volume histogram height customization options
Vertical Offset: Volume delta and histogram vertical positioning customization options
🔹 Cumulative Volume Delta, Others
CVD Line, Width, and Color: Cumulative Volume Delta - Line Width and Color customization options
CVD Area/Baseline, Gradient Coloring: Cumulative Volume Delta - Area and Baseline background gradient coloring customization options
CVD Candles Color, Positive, and Negative: Cumulative Volume Delta - Candles coloring customization options
CVD/Smoothing Background: Highlights and adjusts the transparency of the area between the Cumulative Volume Delta Line and it's Smoothing Line
🔶 RELATED SCRIPTS
Liquidity-Sentiment-Profile
EquiVolume
Volume-Footprint
RVol LabelThis Code is update version of Code Provided by @ssbukam, Here is Link to his original Code and review the Description
Below is Original Description
1. When chart resolution is Daily or Intraday (D, 4H, 1H, 5min, etc), Relative Volume shows value based on DAILY. RVol is measured on daily basis to compare past N number of days.
2. When resolution is changed to Weekly or Monthly, then Relative Volume shows corresponding value. i.e. Weekly shows weekly relative volume of this week compared to past 'N' weeks. Likewise for Monthly. You would see change in label name. Like, Weekly chart shows W_RVol (Weekly Relative Volume). Likewise, Daily & Intraday shows D_RVol. Monthly shows M_RVol (Monthly Relative Volume).
3. Added a plot (by default hidden) for this specific reason: When you move the cursor to focus specific candle, then Indicator Value displays relative volume of that specific candle. This applies to Intraday as well. So if you're in 1HR chart and move the cursor to a specific candle, Indicator Value shows relative volume for that specific candlestick bar.
4. Updating the script so that text size and location can be customized.
Changes to Updated Label by me
1. Added Today's Volume to the Label
2. Added Total Average Volume to the Label
3. Comparison vs Both in Single Line and showing how much volume has traded vs the average volume for that time of the day
4. Aesthetic Look of the Label
How to Use Relative Volume for Trading
Using Relative Volume (RVol) in trading can be a valuable tool to help you identify potential trading opportunities and gain insight into market behavior. Here are some ways to use RVol in your trading strategy:
Identifying High-Volume Breakouts: RVol can help you spot potential breakouts when the volume surges significantly above its average. High RVol during a breakout suggests strong market interest, increasing the probability of a sustained move in the direction of the breakout.
Confirming Trends and Reversals: RVol can act as a confirmation tool for trends and reversals. A trend accompanied by rising RVol indicates a strong and sustainable move. Conversely, a trend with declining RVol might suggest a weakening trend or potential reversal.
Spotting Volume Divergence: When the price is moving in one direction, but RVol is declining or not confirming the move, it may indicate a divergence. This discrepancy could suggest a potential reversal or trend change.
Support and Resistance Confirmation: High RVol near key support or resistance levels can indicate potential price reactions at those levels. This confirmation can be valuable in determining whether a level is likely to hold or break.
Filtering Trade Signals: Incorporate RVol into your existing trading strategy as a filter. For example, you might consider taking trades only if RVol is above a certain threshold, ensuring that you focus on high-impact trading opportunities.
Avoiding Low-Volume Traps: Low RVol can indicate a lack of interest or participation in the market. In such situations, price movements may be erratic and less reliable, so it's often wise to avoid trading during low RVol periods.
Monitoring News Events: Around significant news events or earnings releases, RVol can help you gauge the market's reaction to the information. High RVol during such events can present trading opportunities but be cautious of increased volatility and potential gaps.
Adjusting Trade Size: During periods of extremely high RVol, it might be prudent to adjust your position size to account for higher risk.
Using Relative Volume in Morning Session
If the Volume traded in first 15 minute to 30 Minutes is already at 50% or 100% depending upon the ticker, it means that it is going to have very high Volume vs average by end of the day.
This gives me conviction for Long or Short Trades
Remember that RVol is not a standalone indicator; it works best when used in conjunction with other technical and fundamental analysis tools. Additionally, RVol's effectiveness may vary across different markets and trading strategies. Therefore, backtesting and validating the use of RVol in your trading approach is essential.
Lastly, risk management is crucial in trading. While RVol can provide valuable insights, it cannot guarantee profitable trades. Always use appropriate risk management strategies, such as setting stop-loss levels, and avoid overexposing yourself to the market based solely on RVol readings.
P/VF BollThis code draws a custom indicator named "P/VF Boll" on the price chart with the following visual elements:
1. **Basis Line (Blue)**: This line represents the moving average value (ma_value) calculated based on the user-selected moving average type (SMA, EMA, or WMA) and length.
2. **Upper Bands (Green)**: The upper bands are calculated by adding a certain multiple of the standard deviation (dev1 to dev12) to the basis line. These bands represent a certain level of price volatility above the moving average.
3. **Lower Bands (Red)**: The lower bands are calculated by subtracting a certain multiple of the standard deviation (dev1 to dev12) from the basis line. These bands represent a certain level of price volatility below the moving average.
4. **Histogram (White and Gray)**: A histogram is drawn only when the average_price_change values are outside the 3rd standard deviation (dev3) and beyond. The histogram color alternates between white and gray, indicating higher price volatility.
The user can customize the following parameters:
- Average Length: The length of the moving average.
- Moving Average Type: The type of moving average to be used (SMA, EMA, or WMA).
- Timeframe: The timeframe used to calculate volume data.
- Deviation 1 to Deviation 12: Multipliers for calculating the upper and lower bands.
The purpose of this indicator is to visually represent the relationship between price volatility, volume, and the moving average, allowing traders to assess potential price breakouts or reversals when the price moves beyond certain levels of standard deviations from the moving average.
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.
Volume+The enhanced Volume+ Indicator is a valuable tool that builds upon the traditional Volume indicator by incorporating a technique known as linear prediction.
In traditional Volume analysis, the volume data for a bar is only known once the bar has closed. However, with the enhanced Volume+ Indicator, we utilize linear prediction to estimate the closing volume of the k-bar before it actually closes. This estimation is based on historical volume observed in the market.
By employing this indicator, traders and investors can gain an early insight into the potential volume of the current bar, even before it concludes. This can be particularly useful for those who wish to make informed decisions based on volume analysis and its impact on price movements.
===========================中文版本===========================
增强的Volume+指标是一个有价值的工具，它通过结合一种称为线性预测的技术建立在传统成交量指标的基础上。
在传统的成交量分析中，只有在柱线收盘后才能知道柱线的成交量数据。然而，通过增强的Volume+指标，我们利用线性预测来估计 k 柱实际收盘前的收盘成交量。该估计基于市场观察到的历史交易量。
通过使用该指标，交易者和投资者可以在k柱结束之前就尽早了解当前柱的潜在交易量。对于那些希望根据交易量分析及其对价格变动的影响做出明智决策的人来说，这尤其有用。
Price & Volume Profile (Expo)█ Overview
The Price & Volume Profile provides a holistic perspective on market dynamics by simultaneously tracking price action and trading volume across a range of price levels. So it is not only a volume-based indicator but also a price-based one. In addition to illustrating volume distribution, it quantifies how frequently the price has fallen within a particular range, thus offering a holistic perspective on market dynamics.
This unique and comprehensive approach to market analysis by considering both price action and trading volume, two crucial dimensions of market activity. Its distinctive methodology offers several advantages:
Holistic Market View: By simultaneously tracking the frequency of specific price ranges (Price Profile) and the volume traded at those ranges (Volume Profile), this indicator provides a more complete picture of market behavior. It shows not only where the market is trading but also how much it's trading, reflecting both price acceptance levels and market participation intensity.
Point of Control (POC): The POC, as highlighted by this indicator, serves as a significant reference point for traders. It identifies the price level with the highest trading activity, thus indicating a strong consensus among market participants about the asset's fair value. Observing how price interacts with the POC can offer valuable insights into market sentiment and potential trend reversals.
Support and Resistance Levels: Price levels with high trading activity often act as support or resistance in future price movements. The indicator visually represents these levels, enabling traders to anticipate potential price reactions.
Price Profile
Price and Volume Profile
█ Calculations
The algorithm analyzes both trade frequency and volume across different price levels. It identifies these levels within the visible chart range, then examines each bar to determine if the selected price falls within these levels. If so, it increases a counter and adds the trading volume. This process repeats across the visible range and is visualized as a horizontal histogram, each bar representing a price level and the bar length reflecting trade frequency and volume. Additionally, it calculates the Point of Control (POC), signifying the price level with the highest activity.
In summary: The histogram presents a dual perspective - not only the traded volume at each price level but also the frequency of the price hitting each range. The longer the bar, the more times the price has frequented that specific range, revealing key insights into price behavior and acceptance levels. These frequently visited areas often emerge as strong support or resistance zones, helping traders navigate market movements.
Please note that the indicator adjusts to the visible price range, making it adaptable to changing market conditions. This dynamic analysis can provide more relevant and timely information than static indicators.
█ How to use
This indicator is beneficial for traders as it offers insights into the distribution of trading activity across different price levels. It helps identify key areas of support and resistance and gives a visual representation of market sentiment and liquidity.
The point of control (POC) , which is the price level with the highest traded volume or frequency count, becomes even more crucial in this context. It marks the price at which the most trading activity occurred, signaling a strong consensus among market participants about the asset's fair value. If the market price deviates significantly from the POC, it could suggest an overbought or oversold condition, potentially leading to a price reversion.
Fair Price Areas/gaps are specific price levels or zones where an asset has spent limited time in the past. These areas are considered interesting or significant because they may have an impact on future price action.
Similar to the concept of fair value gaps, which refers to discrepancies between an asset's market price and its estimated intrinsic value, Fair Price Areas/gaps focus on price levels that have been relatively underutilized in terms of trading activity. When an asset's price reaches a Fair Price Area/gap, traders and investors pay attention because they expect the price to react in some way. The rationale behind this concept is that price tends to gravitate towards areas where it has spent less time in the past, as the market perceives them as significant levels.
█ Settings
The indicator is customizable, allowing users to define the number of price levels (rows), the offset, the data source, and whether to display volume or frequency count. It also adjusts dynamically to the visible price range on the chart, ensuring that the analysis remains relevant and timely with changing market conditions.
Source: The price to use for the calculation. Typically, this is the closing price. By considering the user-selected Source (typically the closing price), the indicator determines the frequency with which the price lands within each designated price level (row) over the selected period. In essence, the indicator provides a count of bars where the Source price falls within each range, essentially creating a "Price Profile."
Row Size: The number of price levels (rows) to divide the visible price range into.
Display: Choose whether to display the number of bars ("Counter") or the total volume ("Volume") for each price level.
Offset: The distance of the histogram from the price chart.
Point of Control (POC): If enabled, the indicator will highlight the price level with the most activity.
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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!
CVD+ - Multi Symbol Cumulative Volume DeltaEdit of TradingView's LTF CVD
TradingView's CVD is already the most accurate CVD on the platform because of the LTF data. The purpose of the edit is to provide the ability to compare volume flow between multiple exchanges, futures & spot, multiple symbols or any other potential use case. All in single layout or even a single pane.
Added features:
- Option to manually select a symbol from which to calculate the LTF CVD
- Option to normalize the selected symbol's CVD to the chart's symbol's CVD (Useful when you want to compare futures and spot on the same pane)
- Label that displays the selected symbol's name and exchange
- Changed presets to plot the CVD line as the predetermined option
All of TV's original features remain the same.
Volume-Blended Candlesticks [QuantVue]Introducing the Volume-Blended Candlestick Indicator, a powerful tool that seamlessly integrates volume information with candlesticks, providing you with a comprehensive view of market dynamics in a single glance.
The Volume-Blended Candlestick Indicator employs a unique approach of projecting volume totals by calculating the total volume traded per second and comparing it to the time left in the session as well as the historical average length selected by the user.
The indicator then dynamically adjusts the opacity of the candlestick colors based on the intensity of the projected volume. As volume intensifies, the candlestick colors become more pronounced, while low volume will cause colors to fade allowing you to visually perceive the level of buying or selling.
One of the standout features of the Volume-Blended Candlestick Indicator is its ability to identify pocket pivots. A pocket pivot is an up day with volume greater than any of the down days volume in the past 10 days. By highlighting these pocket pivots on your chart, the indicator helps you identify potential stealth accumulation.
In addition to blending volume with candlesticks and spotting pocket pivots, this versatile indicator provides you with an insightful table displaying key volume metrics. The table includes the average volume, average dollar volume, and the up-down volume ratio, allowing you to get a clear picture of buying and selling pressure.
Settings Include:
🔹Sensitivty Level: Normal, More, Less
🔹Volume MA Length
🔹Toggle Color based on previous close
🔹Show or hide volume info
🔹Chose candlestick colors
🔹Show or hide pocket pivots
🔹Show or hide volume info table
Don't hesitate to reach out with any questions or concerns.
We hope you enjoy!
Cheers.
Volume Orderbook (Expo)█ Overview
The Volume Orderbook indicator is a volume analysis tool that visually resembles an order book. It's used for displaying trading volume data in a way that may be easier to interpret or more intuitive for certain traders, especially those familiar with order book analysis.
This indicator aggregate and display the total trading volume at different price levels over the entire range of data available on the chart, similar to how an order book displays current buy and sell orders at different price levels. However, unlike a real-time order book, it only considers historical trading data, not current bid and ask orders. This provides a 'historical order book' of sorts, indicating where most trading activities have taken place.
Summary
This is a volume-based indicator that shows the volume traded at specific price levels, highlighting areas of high and low activity.
█ Calculations
The algorithm operates by calculating the cumulative volume traded in each specific price zone within the range of data displayed on the chart. The length of each horizontal bar corresponds to the total volume of trades that occurred within that particular price zone.
In essence, when the price is in a specific zone, the volume is added to the bar representing that zone. A thicker bar implies a larger price zone, meaning that more volume is accumulated within that bar. Therefore, the thickness of the bar visually indicates the amount of trading activity that took place within the associated price zone.
█ How to use
The Volume Orderbook indicator serves as a beneficial tool for traders by identifying key price levels with a significant amount of trading activity. These high-volume areas could represent potential support or resistance levels due to the large number of orders situated there. The indicator's ability to spotlight these zones might be particularly advantageous in pinpointing breakouts or breakdowns when prices move beyond these high-volume regions. Moreover, the indicator could also assist traders in recognizing anomalies, such as when an unusually large volume of trades occurs at unconventional price levels.
Identify Key Price Levels: The indicator highlights high-volume areas where a significant number of trades have occurred, which could act as potential support or resistance levels. This is based on the notion that many traders have established positions at these prices, so these levels may serve as significant areas for market activity in the future.
Volume Nodes: These are the peaks (high-volume areas) and troughs (low-volume areas) seen on the indicator. High-volume nodes represent price levels at which a large amount of volume has been traded, typically areas of strong support or resistance. Conversely, low-volume nodes, where very little volume has been traded, indicate price levels that traders have shown little interest in the past and could potentially act as barriers to price. It's important to note that while high trading volume can imply significant market interest, it doesn't always mean the price will stop or reverse at these levels. Sometimes, prices can quickly move through high-volume areas if there are no current orders (demand) to match with the new orders (supply).
Analyze Market Psychology: The distribution of volume across different price levels can provide insights into the market's psychology, revealing the balance of power between buyers and sellers.
Highlight Potential Reversal Points: The indicator can help identify price levels with high traded volume where the market might be more likely to reverse since these levels have previously attracted significant interest from traders.
Validate Breakouts or Breakdowns: If the price moves convincingly past a high-volume node, it could indicate a strong trend, suggesting a potential breakout or breakdown. Conversely, if the price struggles to move past a high-volume node, it could suggest that the trend is weak and might potentially reverse.
Trade Reversals: High-volume areas could also indicate potential turning points in the market. If the price reaches these levels and then starts to move away, it might suggest a possible price reversal.
Confirm Other Signals: As with all technical indicators, the "Volume Orderbook" should ideally be used in conjunction with other forms of technical and fundamental analysis to confirm signals and increase the odds of successful trades.
Summary
The Volume Orderbook indicator allows traders to identify key price levels, analyze market psychology, highlight potential reversal points, validate breakouts or breakdowns, confirm other trading signals, and anticipate possible trade reversals, thereby serving as a robust tool for trading analysis.
█ Settings
Source: The user can select the source, the default of which is "close." This implies that volume is added to the volume order book when the closing price falls within a specific zone. Users can modify this to any indicator present on their chart. For example, if it's set to an SMA (Simple Moving Average) of 20, the volume will be added to the volume order book when the SMA 20 falls within the specific zone.
Rows and width: These settings allow users to adjust the representation of volume order book zones. "ROWS" pertains to the number of volume order book zones displayed, while "WIDTH" refers to the breadth of each zone.
Table and Grid: These settings allow traders to customize the Volume order-book's position and appearance. By adjusting the "left" parameter, users can shift the position of the Volume order book on the chart; a higher value pushes the order book further to the right. Additionally, users can enable "Table Border" and "Table Grid" options to add gridlines or borders to the Volume order book for easier viewing and interpretation.
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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!
REVE Cohorts - Range Extension Volume Expansion CohortsREVE Cohorts stands for Range Extensions Volume Expansions Cohorts.
Volume is divided in four cohorts, these are depicted in the middle band with colors and histogram spikes.
0-80 percent i.e. low volumes; these get a green color and a narrow histogram bar
80-120 percent, normal volumes, these get a blue color and a narrow histogram bar
120-200 percent, high volume, these get an orange color and a wide histogram bar
200 and more percent is extreme volume, maroon color and wide bar.
All histogram bars have the same length. They point to the exact candle where the volume occurs.
Range is divided in two cohorts, these are depicted as candles above and below the middle band.
0-120 percent: small and normal range, depicted as single size, square candles
120 percent and more, wide range depicted as double size, rectangular candles.
The range candles are placed and colored according to the Advanced Price Algorithm (published script). If the trend is up, the candles are in the uptrend area, which is above the volume band, , downtrend candles below in the downtrend area. Dark blue candles depict a price movement which confirms the uptrend, these are of course in the uptrend area. In this area are also light red candles with a blue border, these depict a faltering price movement countering the uptrend. In the downtrend area, which is below the volume band, are red candles which depict a price movement confirming the downtrend and light blue candles with a red border depicting price movement countering the downtrend. A trend in the Advanced Price Algorithm is in equal to the direction of a simple moving average with the same lookback. The indicator has the same lagging.as this SMA.
Signals are placed in the vacated spaces, e.g. during an uptrend the downtrend area is vacated.
There are six signals, which arise as follows:
1 Two blue triangles up on top of each other: high or extreme volume in combination with wide range confirming uptrend. This indicates strong and effective up pressure in uptrend
2 Two pink tringles down on top of each other: high or extreme volume in combination with wide range down confirming downtrend. This indicates strong and effective down pressure in downtrend
3 Blue square above pink down triangle down: extreme volume in combination with wide range countering uptrend. This indicates a change of heart, down trend is imminent, e.g. during a reversal pattern. Down Pressure in uptrend
4 Pink square below blue triangle up: extreme volume in combination with wide range countering downtrend. This indicates a change of heart, reversal to uptrend is imminent. Up Pressure in downtrend
5 single blue square: a. extreme volume in combination with small range confirming uptrend, b. extreme volume in combination with small range countering downtrend, c. high volume in combination with wide range countering uptrend. This indicates halting upward price movement, occurs often at tops or during distribution periods. Unresolved pressure in uptrend
6 Single pink square: a extreme volume in combination with small range confirming downtrend, b extreme volume in combination with small range countering uptrend, c high volume in combination with wide range countering downtrend. This indicated halting downward price movement. Occurs often at bottoms or during accumulation periods. Unresolved pressure in downtrend.
The signals 5 and 6 are introduced to prevent flipping of signals into their opposite when the lookback is changed. Now signals may only change from unresolved in directional or vice versa. Signals 3 and 4 were introduced to make sure that all occurrences of extreme volume will result in a signal. Occurrences of wide volume only partly lead to a signal.
Use of REVE Cohorts.
This is the indicator for volume-range analyses that I always wanted to have. Now that I managed to create it, I put it in all my charts, it is often the first part I look at, In my momentum investment system I use it primarily in the layout for following open positions. It helps me a lot to decide whether to close or hold a position. The advantage over my previous attempts to create a REVE indicator (published scripts), is that this version is concise because it reports and classifies all possible volumes and ranges, you see periods of drying out of volume, sequences of falter candles, occurrences of high morning volume, warning and confirming signals.. The assessment by script whether some volume should be considered low, normal, high or extreme gives an edge over using the standard volume bars.
Settings of REVE Cohorts
The default setting for lookback is ‘script sets lookback’ I put this in my indicators because I want them harmonized, the script sets lookback according to timeframe. The tooltip informs which lookback will be set at which timeframe, you can enable a feedback label to show the current lookback. If you switch ‘script sets lookback’ off, you can set your own preferred user lookback. The script self-adapts its settings in such a way that it will show up from the very first bar of historical chart data, it adds volume starting at the fourth bar.
You can switch off volume cohorts, only range candles will show while the middle band disappears. Signals will remain if volume is present in the data. Some Instruments have no volume data, e.g. SPX-S&P 500 Index,, then only range candles will be shown.
Colors can be adapted in the inputs. Because the script calculates matching colors with more transparency it is advised to use 100 percent opacity in these settings.
Take care, Eykpunter
OSPL Volume [Community Edition]NSE:BANKNIFTY1!
This indicator is based on the concepts popularized by @OptionsScalper123 "Siva" of OiPulse. His ideology Is that large moves come after high volume candles. For Nifty, high volume is considered to be a candle above 125k volume and for BankNifty it’s 50k.
This indicator allows you to cut the noise and focus only on the high volume candle. It shows high volume candle in a brighter shade and lower volume candles in a less visible shade.
You can set the minimum volume threshold limit for Nifty and BankNifty. The indicator smartly recognizes which index you are using it in and uses the respective threshold volume limit.
All colors are customizable.
Thanks for Siva for all the ideas and wonderful products he has given to the community
Thanks to all the wonderful Pinescipters for developing awesome indicators and keeping the source open.
The source code of this indicator is just a few lines. Hope you can use it in your projects and learn something from this just how I learned from other scripts.
Any changes or updates needed in this indicator, please suggest. I was thinking some kind of alerts can be added when volume crosses the threshold. Let me know.
Boost/like this indicator and comment if you find this useful. Cheers and happy trading!!!
Volume-Weighted Supertrend Strategy [wbburgin]This is a script that can be used as a strategy or a standalone indicator.
The Volume-Weighted Supertrend is a supertrend based on a rolling VWAP, instead of a normal price source. The strategy has two components - a supertrend based off of this VWAP (shown on the chart) and a supertrend from volume itself (not plotted on the chart directly). The supertrend from volume is an example of my "Supertrend Any Source" indicator, where a custom ATR is created from non-OHLC data; this is available as both a separate public script and also in my "wbburgin_utils" library for you to use in your own script creation.
The supertrend from volume acts as a confirmation filter for the VWAP-supertrend shown on-chart. If the volume supertrend is trending up and the VWAP-based supertrend is also trending up, a buy signal is generated. Likewise, if the volume supertrend is trending down and the VWAP-supertrend is trending down, a sell signal is generated. The colors are based off of whether both supertrends are trending up or down: green for both up, blue for only price up, orange for only price down, and red for both down.
The settings enable you to change the volume length and the ATR length separately, as well as the multiplier and the source for the price supertrend. If you load the indicator for the first time and see no entries and exits, this is because "Show Strategy Entries and Exits" is disabled in the settings. This is if you plan on using the strategy as an indicator and don't want to be bothered by the entry and exit symbols on the chart. Additionally, for those who like clean charts (like me), you can turn all the labels off in the settings, as well as the highlighting.
My default strategy settings for the strategy results shown below are as follows: 5% equity per trade, 5 degrees of pyramiding, commissions of 0.08% per trade. This strategy doesn't come with stops yet, so please be aware of that before using it to trade - I highly suggest you create your own stops based off of your R/R ratio and personal risk tolerance. Additionally, it works best on trending assets (b/c of the supertrends) with high volume. This might mean it does not work as well on lower timeframes.
Average Daily Volume with Anomalies A trigger program to print volume triggers on stocks that are being watched.
It helps with identifying the trigger volume on a candle and helps determine whether one can enter a position or not.
Crypto Aggregated Volume «NoaTrader»If you use volume in your crypto analysis, you may have encountered the situation which an exchange's policy change can affect your judgement falsely. For example, you can see the huge difference of volume on the given chart since binance transferred its fee discount from USDT to TUSD pair.
This script sums up volume of all major centralized exchanges ( according to coinmarketcap ) on the symbol you are visiting and has an option to exclude Binance's volume which can give you a more stable understanding for judgement when needed (and you can see the difference on the chart).
The colors also give a good vision about the relative volume in the area which can show the interest of market in trading.
The script only aggregates the same symbol on different exchanges and does not get the volume from other pairs.
Included CEXs are:
binance
bitstamp
coinbase
huobi
kraken
bitfinex
bybit
okx
kucoin
bithumb
VOLD Ratio (Volume Difference Ratio) by TenozenAnother helpful indicator is here! VOLD Ratio is calculated by the net volume of a buying candle, divided by the net volume of a sell candle.
Formula:
buying net volume/selling net volume
It's a simple indicator, but don't underestimate this simplicity. It's a powerful indicator that would help you to decide whether the volume is getting interested in the direction that the market would take. So assume when the market is above the Bollinger Bands, it means that the volume is at a buying extreme, by that, we could expect the market to get back towards the mean, as there is a lot of buying demand that entered the market. How about below the Bollinger Bands? it means that the volume is at a selling extreme, we could expect that there is a lot of volume getting in toward the sellers, so we could take advantage of the opportunity to go for a long. Lastly, the Bollinger Bands would help you guys to determine the liquidity of the market, if the Bollinger Bands get smaller over time, it means there is no interest for the market to enter yet, and if the Bollinger Bands get bigger over time, it means there is interest for the market to enter in the session.
Tips & Reminder:
- We shouldn't use this indicator by itself, make sure to use an Indicator that would help you guys to determine the momentum and the liquidity of the market.
- The higher the timeframe, the slower this indicator would signal an entry, by that use a smaller timeframe... I suggest using a 15M chart for the execution.
- Always trade in the medium-longterm direction if you want to have a high probability trade.
- Be patient in your execution, it's more likely the market would go higher or lower after going in the extreme of the Bollinger Bands.
Well, that's it! Hope you guys enjoy using this indicator, let me know if there is any question or suggestion. Ciao...
MonkeyblackmailThis script consists of several sections. test it and tell me your concerns. a lot of more works will be done
Volume Accumulation : The first part of the script checks for a new 5-minute interval and accumulates the volume of the current interval. It separates the volume into buying volume and selling volume based on whether the closing price is closer to the high or low of the bar.
Volume Normalization and Pressure Calculation : The script then normalizes the volume with a 20-period EMA, and calculates buying pressure, selling pressure, and total pressure. These calculations provide insight into the underlying demand (buying pressure) and supply (selling pressure) conditions in the market.
RSI Calculation and Overbought/Oversold Conditions : The script calculates the RSI (Relative Strength Index) and checks whether it is in an overbought (RSI > 70) or oversold (RSI < 30) state. The RSI is a momentum indicator, providing insights into the speed and change of price movements.
Volume Condition Check and Wondertrend Indicator : The script checks if the volume is high for the past five bars. If it is, it applies the Wondertrend Indicator, which uses a combination of the Parabolic SAR (Stop and Reverse) and Keltner Channel to identify potential trends in the market.
Swing High/Low and Fibonacci Retracement : The script identifies swing high and swing low points using a specified pivot length. Then, it draws Fibonacci retracement levels between these swing high and swing low points.
he monkeyblackmail script works well in the 5 minutes chart and combines several elements of technical analysis, including volume analysis, momentum indicators, trend-following indicators, volatility channels, and Fibonacci retracements. It aims to provide a comprehensive view of the market condition, highlighting key levels and potential trends in an easily understandable format. Don’t be too quick to start trading with it, first study how it work and you will blackmail the market.
B/S Volume with Timeframe InputDaytrading For Success's volume indicator with timeframe input selection added. Example shown is 1 minute time frame with 5 minute input selected.
Volume Profile Bar-Magnified Order Blocks [MyTradingCoder]Introducing "Volume Profile Bar-Magnified Order Blocks", an innovative and unique trading indicator designed to provide traders with a comprehensive understanding of market dynamics. This tool takes the concept of identifying order blocks on your chart and elevates it by integrating a detailed volume profile within each order block zone.
Unlike standard order block indicators, Volume Profile Bar-Magnified Order Blocks pulls data from lower timeframe bars and assigns it to various segments of the order block. By providing this volume profile inside the order block, the indicator supplies a deeper, multi-dimensional view of market activity that can enhance your trading decisions.
Crucially, users have the ability to fine-tune the detection of order blocks. This is made possible through a single input setting called "Tuning". This integer value allows you to control the significance and frequency of the order blocks. Higher numbers will produce more significant order blocks, though they will appear less frequently. Lower numbers, on the other hand, will yield less significant order blocks, but they will occur more often. This enables you to adjust the sensitivity of the indicator according to your specific trading strategy and style.
Key Settings:
Number of Segments: Customize the level of detail in your volume profile by selecting the number of segments you want inside each order block.
Tuning: Adjust the sensitivity of order block detection to align with your trading strategy. Higher values produce more significant but less frequent order blocks, while lower values yield less significant but more frequent order blocks.
Color Inputs: Personalize the look of your chart by selecting the colors for various elements of the indicator. This ensures a seamless integration with your current chart aesthetics and improves visual clarity.
Here is a s creenshot that beautifully demonstrates the power of this indicator. You'll see how the price rejects perfectly off the highest volume segment in an order block, showcasing the indicator's potential for pinpointing high-impact price levels.
While Volume Profile Bar-Magnified Order Blocks offers many unique features, it should be used in conjunction with other indicators and forms of analysis for a complete trading strategy. As with all tools, it does not guarantee profitable trades but is intended to give traders more information to base their decisions on. Use it to complement your existing analysis and enhance your understanding of market behavior.
Experience a new level of clarity in your trading with Volume Profile Bar-Magnified Order Blocks - an indicator that goes beyond the surface to help you navigate the markets more effectively.
ETN - Volume CandleHighlights candlestick based on volume data.
Indicator looks back and analyzing volume to find the volume bar with the largest numerical value
Indicator highlights the corresponding candlestick .
Indicator marks the high and low of that candlestick.
Users can adjust lookback period. Default is set to 50 .
Users can adjust how the indicator plots the high and low.
I currently have the high and low not being displayed on the charts until I come up with a better version.
On my chart, indicator colored the candlesticks YELLOW.
improved volumeIt is an indicator that displays the trading volume.
Red-colored candle bars indicate a decrease in trading volume.
Green-colored candle bars indicate an increase in trading volume.
The transparent yellow cloud above the volume bars represents the 21-bar moving average volume, which shows the average volume over the specified period. (You can change the number of bars and the type of moving average from the indicator settings.)
This allows for easier comparison between the current trading volume and the average volume.
In the price scale section, there are 4 target levels. They represent the following in ascending order: Average volume, Average volume multiplied by 2, Average volume multiplied by 3, Average volume multiplied by 4.
Additionally, you can use the alarm feature based on these average volume levels.
