Volume Candle Colors RKA script that changes the color of the candle to blue when the volume of the current candle is more than 5 times the Average volume of the previous number of candles on different timeframes. The color of the candle is grey when the volume is less than the average volume of the last number of candles. In a bullish trend, color of the candle is green, and in a bearish trend, color is red. additionally the 9 EMA and the 20 EMA are on the chart. all these features are customizable and variable with different timeframes.
How It Works
Volume-Based Candle Coloring:
Blue Candle:
Checks if the current volume is greater than volumeMultiplier (e.g., 5x) the highest volume of the last nCandles.
Gray Candle:
Compares the current volume with the average volume over the last avgVolumePeriod candles.
If the current volume is lower, the candle is colored gray.
Trend-Based Candle Coloring:
Bullish Trend (Red Candle):
The current close price is greater than the SMA of the last trendPeriod candles.
Bearish Trend (Green Candle):
The current close price is less than the SMA of the last trendPeriod candles.
Exponential Moving Averages (EMAs):
9 EMA (short-term trend) helps identify quick price momentum shifts.
20 EMA (medium-term trend) smoothens price movements and identifies general market direction.
These EMAs can act as dynamic support and resistance levels.
How to Use
Apply this indicator to any chart (e.g., stocks, forex, crypto).
Adjust the timeframe and parameters to fit your trading strategy.
Interpretation:
Blue Candles indicate high activity moments (potential breakouts or reversals).
Gray Candles signify low activity, often seen in consolidation phases.
Red Candles confirm a bullish trend, suggesting potential buy opportunities.
Green Candles confirm a bearish trend, suggesting potential sell opportunities.
EMA Guidance:
Use the 9 EMA for quick decisions in fast markets.
Use the 20 EMA to confirm broader market trends and avoid whipsaws.
Volumeanalysis
Bitnode Market Sentiment IndicatorThe Bitnod Market Sentiment Indicator leverages volume analysis and price action to detect significant market movements, providing buy and sell signals based on large volume spikes and price trends. Ideal for traders looking to capture market psychology and spot accumulation or distribution phases, this indicator combines trend-following and volume-based signals to highlight key entry and exit points.
SuperTrend Volume [BigBeluga]SuperTrend Volume is an advanced trend-following indicator that combines the traditional SuperTrend method with a normalized volume visualization inside trend bands, offering enhanced insight into market dynamics and volume activity.
🔵 Key Features:
Dynamic Trend Bands: The indicator uses the SuperTrend methodology to plot upper and lower trend bands, which adapt dynamically to price movements. Green bands indicate an uptrend, while purple bands indicate a downtrend.
Normalized Volume Visualization:
Inside the trend bands, normalized volume is displayed to highlight the intensity of market participation during trends.
Users can choose between two visualization types:
Bars: Displays volume as vertical bars within the bands.
Area: Represents volume as a shaded area for a smoother look.
Color-Coded Trends: Trend direction is color-coded:
Green for bullish trends.
Purple for bearish trends.
Volume Labels: Each bar or area has a label showing the normalized volume value 0-4 for easier interpretation.
Trend Change Detection: Automatically identifies trend reversals by recalculating the SuperTrend levels and adjusting volume visualization accordingly.
🔵 Usage:
Trend Identification: Use the color-coded trend bands to confirm the current market direction and identify potential reversals.
Volume Confirmation: Assess the strength of trends using normalized volume inside the bands. Higher normalized volume indicates stronger market conviction.
Peak Volume can be a signal of the mean reversion of price
Customization: Adjust the visualization type (bars or area) based on personal preference or analysis needs.
Dynamic Updates: Use volume labels and trend bands to stay updated on market shifts and trading opportunities in real time.
SuperTrend Volume is a versatile tool suitable for traders who want to combine trend analysis with volume dynamics for a more comprehensive view of the market. It is ideal for identifying trend strength, detecting reversals, and gauging the participation of market players during directional moves.
Order Blocks - VK TradingOrder Blocks - VK Trading
This script in Pine Script identifies and highlights Order Blocks, key tools in institutional trading. Designed for traders of all levels, it provides clear and customizable visualization, helping you anticipate market movements with greater accuracy.
Key Features:
Order Block Visualization: Highlights relevant bullish and bearish zones directly on the chart.
Customizable Settings: Adjust sensitivity, colors, and other parameters to suit your analysis needs.
Dual Block Detection: Uses two independent settings to cover different market perspectives.
Visual Alerts: Automatic line drawing for key levels.
Automatic Clearing: Dynamic clearing of already invalidated blocks.
User Benefits:
Clear Visual Analysis: Identifies key supply and demand points used by institutions.
Improved Trading Decisions: Anticipate entry and exit zones more accurately.
Time Saver: Automates level plotting, allowing you to focus on strategy and execution.
Strategy Adaptability: Compatible with Smart Money, Wyckoff, and Price Action approaches.
Disclaimer:
This script is an educational and analytical tool. It does not guarantee specific results or eliminate trading risk. Trading in the financial markets involves significant risks; use this script at your own risk.
Directional Volume IndexDirectional Volume Index (DVI) (buying/selling pressure)
This index is adapted from the Directional Movement Index (DMI), but based on volume instead of price movements. The idea is to detect building directional volume indicating a growing amount of orders that will eventually cause the price to follow. (DVI is not displayed by default)
The rough algorithm for the Positive Directional Volume Index (green bar):
calculate the delta to the previous green bar's volume
if the delta is positive (growing buying pressure) add it to an SMA, else add 0 (also for red bars)
divide these average deltas by the average volume
the result is the Positive Directional Volume Index (DVI+) (vice versa for DVI-)
Differential Directional Volume Index (DDVI) (relative pressure)
Creating the difference of both Directional Volume Indexes (DVI+ - DVI-) creates the Differential Directional Volume Index (DDVI) with rising values indicating a growing buying pressure, falling values a growing selling pressure. (DDVI is displayed by default, smoothed by a custom moving average)
Average Directional Volume Index (ADVX) (pressure strength)
Putting the relative pressure (DDVI) in relation to the total pressure (DVI+ + DVI-) we can determine the strength and duration of the currently building volume change / trend. For the DMI/ADX usually 20 is an indicator for a strong trend, values above 50 suggesting exhaustion and approaching reversals. (ADVX is not displayed by default, smoothed by a custom moving average)
Divergences of the Differential Directional Volume Index (DDVI) (imbalances)
By detecting divergences we can detect situations where e.g. bullish volume starts to build while price is in a downtrend, suggesting that there is growing buying pressure indicating an imminent bullish pullback/order block or reversal. (strong and hidden divergences are displayed by default)
Divergences Overview:
strong bull: higher lows on volume, lower lows on price
medium bull: higher lows on volume, equal lows on price
weak bull: equal lows on volume, lower lows on price
hidden bull: lower lows on volume, higher lows on price
strong bear: lower highs on volume, higher highs on price
medium bear: lower highs on volume, equal highs on price
weak bear: equal highs on volume, higher highs on price
hidden bear: higher highs on volume, lower highs on price
DDVI Bands (dynamic overbought/oversold levels)
Using Bollinger Bands with DDVI as source we receive an averaged relative pressure with stdev band offsets. This can be used as dynamic overbought/oversold levels indicating reversals on sharp crossovers.
Alerts
As of now there are no alerts built in, but all internal data is exposed via plot and plotshape functions, so it can be used for custom crossover conditions in the alert dialog. This is still a personal research project, so if you find good setups, please let me know.
Real-Time HTF Volume Footprint [BigBeluga]Real-time HTF Volume Footprint Profile is designed to provide a comprehensive view of higher timeframe volume profiles on your current chart. It overlays critical volume information from larger timeframes (like daily, weekly, or monthly) onto lower timeframe charts, helping you spot significant levels where volume is concentrated, acting as potential support or resistance.
🔵 Key Features:
HTF High and Low Zones: The indicator highlights the high and low of the chosen higher timeframe with clear zones, marking them with boxes. These zones help you see the broader market structure at a glance.
Volume Profile within HTF Range: Each higher timeframe range displays a volume profile, showing the distribution of volume at each price level. The most-traded price is highlighted in blue, known as the Point of Control (POC), indicating the price level with the highest activity.
Dynamic POC Option: Activate Dynamic POC to observe how the Point of Control shifts over time, giving insight into changing market interests and potential price direction.
Timeframe Flexibility: Select from daily, weekly, and monthly ranges (and more) to overlay their footprint profiles on your lower timeframe chart. This helps you tailor the indicator to the trading horizon that suits your strategy.
Info Table: Table shows a traders which timeframe is selected with last high and low of the selected timeframe
Visual Clarity with Custom Colors: The indicator uses subtle fills and distinct colors to ensure volume profile data integrates seamlessly into your chart without overwhelming other indicators or price data.
🔵 When to Use:
The HTF Volume Footprint Profile is essential for traders who want to bridge the gap between high-timeframe and intraday analysis. By visualizing HTF volume distribution on lower timeframes, this tool helps you:
Spot potential liquidity zones where price might react.
Identify support and resistance levels within HTF ranges.
Monitor PoC shifts that indicate changes in market behavior.
Track how current price aligns with significant volume clusters, providing a clear edge for volume-based strategies.
This indicator empowers traders to analyze lower timeframes with the context of higher timeframe volume profiles, providing a solid basis for identifying critical support and resistance levels shaped by large volume clusters. Whether you’re looking to spot liquidity zones or align your trades with broader market trends, HTF Volume Footprint Profile equips you with a strategic view.
Intraday Volume### Intraday Volume Indicator Explanation
--- this was Mostly created by OpenAI ChatGPT --- it's pretty good!
--- My Commentary: One of the problems I find is with Volume is - it is skewed by the overwhelming volume around the Open and Close. So, as an experiment, I asked ChatGPT to create an indicator to plot the volume everywhere BUT the open.
I added in the CandleColor() function and set the times.
I also changed the Intraday Volume calculation from Cumulative to live.
still Chat GPT - did about 90% of the heavy lift! And, wrote the summary !
----
The "Intraday Volume" indicator is a custom script designed for use on the TradingView platform. It provides a visual representation of the total accumulated trading volume during the intraday trading session, specifically between the market open and close times. Below is a detailed explanation of its functionality:
#### **Key Features:**
1. **Session Times:**
- The indicator defines the intraday session as the period between 9:30 AM EST (market open) and 4:00 PM EST (market close).
- It uses the `timestamp` function to set these times dynamically for each trading day.
2. **Intraday Volume Calculation:**
- During the defined intraday session, the indicator accumulates the trading volume from each bar (candlestick).
- Outside the intraday session, the volume is reset to `na` (not available) to ensure only intraday data is plotted.
3. **Plotting the Volume:**
- The accumulated intraday volume is plotted as a blue column chart in a separate pane below the price chart.
- This provides a clear visualization of how the trading volume evolves throughout the trading session.
4. **Horizontal Reference Line:**
- A horizontal line is added at zero as a visual reference, making it easier to interpret the volume data.
#### **Use Cases:**
- **Volume Analysis:**
- Traders can use the indicator to identify periods of high or low trading activity during the intraday session.
- Peaks in the volume chart may correspond to key market events, such as news releases or significant price movements.
- **Trend Confirmation:**
- Comparing intraday volume with price action can help traders confirm the strength of a trend or the likelihood of a reversal.
- **Custom Time Frames:**
- Although this script is tailored for regular U.S. market hours, it can be adapted for other markets or time zones by modifying the session times.
#### **Customization:**
- **Colors and Styles:**
- The plot color (blue) and style (columns) can be customized to suit user preferences.
- **Session Times:**
- Users can change the session start and end times to match their trading needs or regional market hours.
This indicator is especially useful for intraday traders seeking insights into trading volume dynamics within the trading day. By visualizing the intraday volume, traders can gain a deeper understanding of market behavior and make informed decisions.
Volume Delta Candles HTF [TradingFinder] LTF Volume Candles 🔵 Introduction
In financial markets, understanding the concepts of supply and demand and their impact on price movements is of paramount importance. Supply and demand, as fundamental pillars of economics, reflect the interaction between buyers and sellers.
When buyers' strength surpasses that of sellers, demand increases, and prices tend to rise. Conversely, when sellers dominate buyers, supply overtakes demand, causing prices to drop. These interactions play a crucial role in determining market trends, price reversal points, and trading decisions.
Volume Delta Candles offer traders a practical way to visualize trading activity within each candlestick. By integrating data from lower timeframes or live market feeds, these candles eliminate the need for standalone volume indicators.
They present the proportions of buying and selling volume as intuitive colored bars, making it easier to interpret market dynamics at a glance. Additionally, they encapsulate critical metrics like peak delta, lowest delta, and net delta, allowing traders to grasp the market's internal order flow with greater precision.
In financial markets, grasping the interplay between supply and demand and its influence on price movements is crucial for successful trading. These fundamental economic forces reflect the ongoing balance between buyers and sellers in the market.
When buyers exert greater strength than sellers, demand dominates, driving prices upward. Conversely, when sellers take control, supply surpasses demand, and prices decline. Understanding these dynamics is essential for identifying market trends, pinpointing reversal points, and making informed trading decisions.
Volume Delta Candles provide an innovative method for evaluating trading activity within individual candlesticks, offering a simplified view without relying on separate volume indicators. By leveraging lower timeframe or real-time data, this tool visualizes the distribution of buying and selling volumes within a candle through color-coded bars.
This visual representation enables traders to quickly assess market sentiment and understand the forces driving price action. Buyer and seller strength is a critical concept that focuses on the ratio of buying to selling volumes. This ratio not only provides insights into the market's current state but also serves as a leading indicator for detecting potential shifts in trends.
Traders often rely on volume analysis to identify significant supply and demand zones, guiding their entry and exit strategies. Delta Candles translate these complex metrics, such as Maximum Delta, Minimum Delta, and Final Delta, into an easy-to-read visual format using Japanese candlestick structures, making them an invaluable resource for analyzing order flows and market momentum.
By merging the principles of supply and demand with comprehensive volume analysis, tools like the indicator introduced here offer unparalleled clarity into market behavior. This indicator calculates the relative strength of supply and demand for each candlestick by analyzing the ratio of buyers to sellers.
🔵 How to Use
The presented indicator is a powerful tool for analyzing supply and demand strength in financial markets. It helps traders identify the strengths and weaknesses of buyers and sellers and utilize this information for better decision-making.
🟣 Analyzing the Highest Volume Trades on Candles
A unique feature of this indicator is the visualization of price levels with the highest trade volume for each candlestick. These levels are marked as black lines on the candles, indicating prices where most trades occurred. This information is invaluable for identifying key supply and demand zones, which often act as support or resistance levels.
🟣 Trend Confirmation
The indicator enables traders to confirm bullish or bearish trends by observing changes in buyer and seller strength. When buyer strength increases and demand surpasses supply, the likelihood of a bullish trend continuation grows. Conversely, decreasing buyer strength and increasing seller strength may signal a potential bearish trend reversal.
🟣 Adjusting Timeframes and Calculation Methods
Users can customize the indicator's candlestick timeframe to align with their trading strategy. Additionally, they can switch between moving average and current candle modes to achieve more precise market analysis.
This indicator, with its accurate and visual data display, is a practical and reliable tool for market analysts and traders. Using it can help traders make better decisions and identify optimal entry and exit points.
🔵 Settings
Lower Time Frame Volume : This setting determines which timeframe the indicator should use to identify the price levels with the highest trade volume. These levels, displayed as black lines on the candlesticks, indicate prices where the most trades occurred.
It is recommended that users align this timeframe with their primary chart’s timeframe.
As a general rule :
If the main chart’s timeframe is low (e.g., 1-minute or 5-minute), it is better to keep this setting at a similarly low timeframe.
As the main chart’s timeframe increases (e.g., daily or weekly), it is advisable to set this parameter to a higher timeframe for more aligned data analysis.
Cumulative Mode :
Current Candle : Strength is calculated only for the current candlestick.
EMA (Exponential Moving Average) : The strength is calculated using an exponential moving average, suitable for identifying longer-term trends.
Calculation Period : The default period for the exponential moving average (EMA) is set to 21. Users can modify this value for more precise analysis based on their specific requirements.
Ultra Data : This option enables users to view more detailed data from various market sources, such as Forex, Crypto, or Stocks. When activated, the indicator aggregates and displays volume data from multiple sources.
🟣 Table Settings
Show Info Table : This option determines whether the information table is displayed on the chart. When enabled, the table appears in a corner of the chart and provides details about the strength of buyers and sellers.
Table Size : Users can adjust the size of the text within the table to improve readability.
Table Position : This setting defines the table’s placement on the chart.
🔵 Conclusion
The indicator introduced in this article is designed as an advanced tool for analyzing supply and demand dynamics in financial markets. By leveraging buyer and seller strength ratios and visually highlighting price levels with the highest trade volume, it aids traders in identifying key market zones.
Key features, such as adjustable analysis timeframes, customizable calculation methods, and precise volume data display, allow users to tailor their analyses to market conditions.
This indicator is invaluable for analyzing support and resistance levels derived from trade volumes, enabling traders to make more accurate decisions about entering or exiting trades.
By utilizing real market data and displaying the highest trade volume lines directly on the chart, it provides a precise perspective on market behavior. These features make it suitable for both novice and professional traders aiming to enhance their analysis and trading strategies.
With this indicator, traders can gain a better understanding of supply and demand dynamics and operate more intelligently in financial markets. By combining volume data with visual analysis, this tool provides a solid foundation for effective decision-making and improved trading performance. Choosing this indicator is a significant step toward refining analysis and achieving success in complex financial markets.
Wave Surge [UAlgo]The "Wave Surge " is a comprehensive indicator designed to provide advanced wave pattern analysis for market trends and price movements. Built with customizable parameters, it caters to both beginner and advanced traders looking to improve their decision-making process.
This indicator utilizes wave-based calculations, adaptive thresholds, and volume analysis to detect and visualize key market signals. By integrating multiple analysis techniques.
It calculates waves for high, low, and close prices using a configurable moving average (EMA) technique and pairs it with volume and baseline analysis to confirm patterns. The result is a robust framework for identifying potential entry and exit points in the market.
🔶 Key Features
Wave-Based Analysis: This indicator computes waves using exponential moving averages (EMA) of high, low, and close prices, with an adjustable wave period to suit different market conditions.
Customizable Baseline: Traders can select from multiple baseline types, including VWMA (Volume-Weighted Moving Average), EMA, SMA (Simple Moving Average), and HMA (Hull Moving Average), for trend confirmation.
Adaptive Thresholds: The adaptive threshold feature dynamically adjusts sensitivity based on a chosen period, ensuring the indicator remains responsive to varying market volatility.
Volume Analysis: The integrated volume analysis calculates volume ratios and allows traders to enable or disable this feature to refine signal accuracy.
Pattern Recognition: The indicator identifies specific wave patterns (Wave 1, Wave 3, Wave 4, Wave 5, Wave 6) and visually plots them on the chart for easy interpretation.
Visual and Color-Coded Signals: Clear visual signals (upward and downward arrows) are plotted on the chart to highlight potential bullish or bearish patterns. The baseline is color-coded for an intuitive understanding of market trends.
Configuration: Parameters for wave period, baseline length, volume factors, and sensitivity can be tailored to align with the trader’s strategy and market environment.
🔶 Interpreting the Indicator
Wave Patterns
The indicator detects and plots six unique wave patterns based on price changes that exceed an adaptive threshold. These patterns are validated by the direction of the baseline:
Wave 1 (Bullish): Triggered when the price increases above the threshold while the baseline is falling.
Wave 3, 4, and 6 (Bearish): Indicate potential downtrends validated by a rising baseline.
Wave 5 (Bullish): Suggests upward momentum when prices exceed the threshold with a falling baseline.
Baseline Trend
The baseline serves as a trend confirmation tool, dynamically changing color to reflect market direction:
Aqua (Rising): Indicates an upward trend.
Red (Falling): Indicates a downward trend.
Volume Confirmation
When enabled, the volume analysis feature ensures that signals are supported by significant volume movements. Patterns with high volume are considered more reliable.
Signal Visualization
Upward Arrows (🡹): Highlight potential bullish opportunities.
Downward Arrows (🡻): Highlight potential bearish opportunities.
Alerts
Alerts are triggered when key wave patterns are identified, providing traders with timely notifications to take action without being tied to the screen.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
5x Volume indicator - Day Trading5x Volume Screener - Day Trading
Version: 6.0
Description:
This indicator is designed to identify significant volume spikes in crypto and stock markets,
specifically targeting instances where volume exceeds 5x the average of a 10-period Simple Moving Average (SMA) as the baseline.
Perfect for day traders and momentum traders looking for high-volume breakout opportunities.
Key Features:
Tracks real-time volume compared to 5-period moving average
Visual alerts through green histogram bars for 5x volume spikes
Dynamic volume ratio display showing exact multiple of average volume
Clear threshold line for quick reference
Optional labels showing precise volume ratios
Benefits:
Instantly spot unusual volume activity
Identify potential breakout opportunities
Validate price movements with volume confirmation
Perfect for day trading and scalping
Works across multiple timeframes
Best Used For:
Day trading setups
Breakout trading
Volume confirmation
Momentum trading
Market reversal identification
Created by: CigarSavant
Last Updated: December 2024
Three Step Future-Trend [BigBeluga]Three Step Future-Trend by BigBeluga is a forward-looking trend analysis tool designed to project potential future price direction based on historical periods. This indicator aggregates data from three consecutive periods, using price averages and delta volume analysis to forecast trend movement and visualize it on the chart with a projected trend line and volume metrics.
🔵 Key Features:
Three Period Analysis: Calculates price averages and delta volumes from three specified periods, creating a consolidated view of historical price movement.
Future Trend Line Projection: Plots a forward trend line based on the calculated averag of three periods, helping traders visualize potential future price movement.
Avg Delta Volume and Future Price Label: Shows a delta average Volume a long with a Future Price label at the end of the projected trend line, indicating the possible future delta volume and future Price.
Volume Data Table: Displays a detailed table showing delta and total volume for each of the three periods, allowing quick volume comparison to support the projected trend.
This indicator provides a dynamic way to anticipate market direction by blending price and volume data, giving traders insights into both volume and trend strength in upcoming periods.
Abnormal volume [VG]🪙 INTRODUCTION
This technical indicator helps identify and highlight large volume clusters on the chart.
Abnormal volume refers to unusually large accumulations of volume over short time intervals. Such clusters appear when the amount of assets bought or sold significantly exceeds typical volumes for a specific asset over a given period. These patterns can indicate significant events or intentions of market participants.
Reasons for abnormal volume clusters:
Institutional investments :
Large investment funds and banks may buy or sell significant volumes of assets to rebalance their portfolios.
Impact of news and events :
Important news (e.g., mergers, bankruptcies, management changes) can trigger large-scale buying or selling of assets.
Market manipulation :
Big players may execute large trades to artificially create demand or supply for an asset, affecting its price in the short term.
Insider trading :
Abnormal volumes may signal that someone with insider information has started buying or selling assets in anticipation of future events that could impact the price.
What do abnormal volume clusters mean for traders?
A signal of potential price changes :
High trading volumes are often accompanied by sharp price movements. An increase in volume during price growth might indicate rising interest in the asset, while an increase during a decline could signal a sell-off.
Potential entry or exit points :
For short-term traders, abnormal trades can serve as signals to enter or exit positions. For example, a large volume growth accompanied by a breakout of a key level might be seen as a buy signal.
Caution due to potential manipulation :
Abnormal trades don’t always lead to expected outcomes. Sometimes, they are part of a price manipulation strategy, so it’s essential to consider the broader context and confirm with other signals.
🪙 USAGE
This indicator doesn’t provide trading signals, entry points, or actionable recommendations.
Instead, it simplifies tracking market dynamics and highlights unusual activity worth considering during analysis.
After adding the indicator to the chart, you only need to configure two parameters: the threshold value that determines what constitutes a significant volume cluster and the period over which volumes are aggregated for comparison against the threshold.
It’s recommended to use the shortest available period, as this helps more precisely identify the prevailing volume direction (since this depends on price changes, not trade direction).
The threshold value can be fine-tuned by switching the chart’s timeframe to match the selected period, observing of the significant volume increase on the classic volume histogram, and noting the corresponding market reactions. This allows for selecting a threshold that highlights early signs of impactful trading events on higher timeframes.
Let’s look at an example in the screenshot:
Once the parameters are set, you can also enable an alert to trigger whenever a new volume cluster appears, simplifying event tracking.
Note: in the current version of the indicator, the alert will be triggered only once per bar on the chart at the first detected cluster of abnormal volume.
🪙 IMPLEMENTATION
Technically, the script retrieves volume data from a lower timeframe and estimates whether the volume was primarily generated by buyers or sellers based on price movements.
The lower resolution timeframe is determined as follows:
if the settings base period is less than 1 minute, then the data timeframe will be equal to 1 second
if the settings base period is equals 1 minute or more, then the data timeframe will be equal to 1 minute
The algorithm checks whether the price increased or decreased at each point. If the price rose, the volume is presumed to be driven by buyers and marked as buy volume; otherwise, it’s marked as sell volume.
The total volume at each point is then checked against the user-defined threshold. If the volume exceeds the threshold, a corresponding circle is drawn on the chart, and an alert is generated if created.
The size of the visual representation is proportional to the most recent maximum volume and follows the rules below:
Percentage of max volume -> Volume cluster size
less than 25% -> Tiny
25% to 50% -> Small
50% to 75% -> Normal
75% to 100% -> Large
100% or more -> Huge
🪙 SETTINGS
The indicator is designed to be as simple and minimalist as possible, making configuration effortless. There are only two core parameters, with additional options to customize the colors of volume clusters based on their type.
Trade volume threshold
Defines the volume level above which a cluster is considered significant and displayed on the chart as a circle. The size of the circle depends on the proportion of the current volume relative to the most recent maximum over the chosen period.
Trades base period
Specifies the period for aggregating trade volumes to determine whether they qualify as abnormal. The significance level is set using the Trade volume threshold parameter.
Buy/Sell trades
Allows you to set the colors for abnormal volume circles based on the price direction during cluster formation.
🪙 CONCLUSION
Abnormal volume clusters are always a critical indicator requiring attention and analysis, but they are not a guaranteed predictor of trend changes.
simple swing indicator-KTRNSE:NIFTY
1. Pivot High/Low as Lines:
Purpose: Identifies local peaks (pivot highs) and troughs (pivot lows) in price and draws horizontal lines at these levels.
How it Works:
A pivot high occurs when the price is higher than the surrounding bars (based on the pivotLength parameter).
A pivot low occurs when the price is lower than the surrounding bars.
These pivots are drawn as horizontal lines at the price level of the pivot.
Visualization:
Pivot High: A red horizontal line is drawn at the price level of the pivot high.
Pivot Low: A green horizontal line is drawn at the price level of the pivot low.
Example:
Imagine the price is trending up, and at some point, it forms a peak. The script identifies this peak as a pivot high and draws a red line at the price of that peak. Similarly, if the price forms a trough, the script will draw a green line at the low point.
2. Moving Averages (20-day and 50-day):
Purpose: Plots the 20-day and 50-day simple moving averages (SMA) on the chart.
How it Works:
The 20-day SMA smooths the closing price over the last 20 days.
The 50-day SMA smooths the closing price over the last 50 days.
These lines provide an overview of short-term and long-term price trends.
Visualization:
20-day SMA: A blue line showing the 20-day moving average.
50-day SMA: An orange line showing the 50-day moving average.
Example:
When the price is above both moving averages, it indicates an uptrend. If the price crosses below these averages, it might signal a downtrend.
3. Supertrend:
Purpose: The Supertrend is an indicator based on the Average True Range (ATR) and is used to track the market trend.
How it Works:
When the market is in an uptrend, the Supertrend line will be green.
When the market is in a downtrend, the Supertrend line will be red.
Visualization:
Uptrend: The Supertrend line will be plotted in green.
Downtrend: The Supertrend line will be plotted in red.
Example:
If the price is above the Supertrend, the market is considered to be in an uptrend, and if the price is below the Supertrend, the market is in a downtrend.
4. Momentum (Rate of Change):
Purpose: Measures the rate at which the price changes over a set period, showing if the momentum is positive or negative.
How it Works:
The Rate of Change (ROC) measures how much the price has changed over a certain number of periods (e.g., 14).
Positive ROC indicates upward momentum, and negative ROC indicates downward momentum.
Visualization:
Positive ROC: A purple line is plotted above the zero line.
Negative ROC: A purple line is plotted below the zero line.
Example:
If the ROC line is above zero, it means the price is increasing, suggesting bullish momentum. If the ROC is below zero, it indicates bearish momentum.
5. Volume:
Purpose: Displays the volume of traded assets, giving insight into the strength of price movements.
How it Works:
The script will color the volume bars based on whether the price closed higher or lower than the previous bar.
Green bars indicate bullish volume (closing price higher than the previous bar), and red bars indicate bearish volume (closing price lower than the previous bar).
Visualization:
Bullish Volume: Green volume bars when the price closes higher.
Bearish Volume: Red volume bars when the price closes lower.
Example:
If you see a green volume bar, it suggests that the market is participating in an uptrend, and the price has closed higher than the previous period. Red bars indicate a downtrend or selling pressure.
6. MACD (Moving Average Convergence Divergence):
Purpose: The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of the price.
How it Works:
The MACD Line is the difference between the 12-period EMA (Exponential Moving Average) and the 26-period EMA.
The Signal Line is the 9-period EMA of the MACD Line.
The MACD Histogram shows the difference between the MACD line and the Signal line.
Visualization:
MACD Line: A blue line representing the difference between the 12-period and 26-period EMAs.
Signal Line: An orange line representing the 9-period EMA of the MACD line.
MACD Histogram: A red or green histogram that shows the difference between the MACD line and the Signal line.
Example:
When the MACD line crosses above the Signal line, it’s considered a bullish signal. When the MACD line crosses below the Signal line, it’s considered a bearish signal.
Full Chart Example:
Imagine you're looking at a price chart with all the indicators:
Pivot High/Low Lines are drawn as red and green horizontal lines.
20-day and 50-day SMAs are plotted as blue and orange lines, respectively.
Supertrend shows a green or red line indicating the trend.
Momentum (ROC) is shown as a purple line oscillating around zero.
Volume bars are green or red based on whether the close is higher or lower.
MACD appears as a blue line and orange line, with a red or green histogram showing the MACD vs. Signal line difference.
How the Indicators Work Together:
Trend Confirmation: If the price is above the Supertrend line and both SMAs are trending up, it indicates a strong bullish trend.
Momentum: If the ROC is positive and the MACD line is above the Signal line, it further confirms bullish momentum.
Volume: Increasing volume, especially with green bars, suggests that the trend is being supported by active participation.
By using these combined indicators, you can get a comprehensive view of the market's trend, momentum, and potential reversal points (via pivot highs and lows).
TechniTrend: Volatility and MACD Trend Highlighter🟦 Overview
The "Candle Volatility with Trend Prediction" indicator is a powerful tool designed to identify market volatility based on candle movement relative to average volume while also incorporating trend predictions using the MACD. This indicator is ideal for traders who want to detect volatile market conditions and anticipate potential price movements, leveraging both price changes and volume dynamics.
It not only highlights candles with significant price movements but also integrates a trend analysis based on the MACD (Moving Average Convergence Divergence), allowing traders to gauge whether the market momentum aligns with or diverges from the detected volatility.
🟦 Key Features
🔸Volatility Detection: Identifies candles that exceed normal price fluctuations based on average volume and recent price volatility.
🔸Trend Prediction: Uses the MACD indicator to overlay trend analysis, signaling potential market direction shifts.
🔸Volume-Based Analysis: Integrates customizable moving averages (SMA, EMA, WMA, etc.) of volume, providing a clear visualization of volume trends.
🔸Alert System: Automatically notifies traders of high-volatility situations, aiding in timely decision-making.
🔸Customizability: Includes multiple settings to tailor the indicator to different market conditions and timeframes.
🟦 How It Works
The indicator operates by evaluating the price volatility in relation to average volume and identifying when a candle's volatility surpasses a threshold defined by the user. The key calculations include:
🔸Average Volume Calculation: The user selects the type of moving average (SMA, EMA, etc.) to calculate the average volume over a set period.
🔸Volatility Measurement: The indicator measures the body change (difference between open and close) and the high-low range of each candle. It then calculates recent price volatility using a standard deviation over a user-defined length.
🔸Weighted Index: A unique index is created by dividing price change by average volume and recent volatility.
🔸Highlighting Volatility: If the weighted index exceeds a customizable threshold, the candle is highlighted, indicating potential trading opportunities.
🔸Trend Analysis with MACD: The MACD line and signal line are plotted and adjusted with a user-defined multiplier to visualize trends alongside the volatility signals.
🟦 Recommended Settings
🔸Volume MA Length: A default of 14 periods for the average volume calculation is recommended. Adjust to higher periods for long-term trends and shorter periods for quick trades.
🔸Volatility Threshold Multiplier: Set at 1.2 by default to capture moderately significant movements. Increase for fewer but stronger signals or decrease for more frequent signals.
🔸MACD Settings: Default MACD parameters (12, 26, 9) are suggested. Tweak based on your trading strategy and asset volatility.
🔸MACD Multiplier: Adjust based on how the MACD should visually compare to the average volume. A multiplier of 1 works well for most cases.
🟦 How to Use
🔸Volatile Market Detection:
Look for highlighted candles that suggest a deviation from typical price behavior. These candles often signify an entry point for short-term trades.
🔸Trend Confirmation:
Use the MACD trend analysis to verify if the highlighted volatile candles align with a bullish or bearish trend.
For example, a bullish MACD crossover combined with a highlighted candle suggests a potential uptrend, while a bearish crossover with volatility signals may indicate a downtrend.
🔸Volume-Driven Strategy:
Observe how volume changes impact candle volatility. When volume rises significantly and candles are highlighted, it can suggest strong market moves influenced by big players.
🟦 Best Use Cases
🔸Trend Reversals: Detect potential trend reversals early by spotting divergences between price and MACD within volatile conditions.
🔸Breakout Strategies: Use the indicator to confirm price breakouts with significant volume changes.
🔸Scalping or Day Trading: Customize the indicator for shorter timeframes to capture rapid market movements based on volatility spikes.
🔸Swing Trading: Combine volatility and trend insights to optimize entry and exit points over longer periods.
🟦 Customization Options
🔸Volume-Based Inputs: Choose from SMA, EMA, WMA, and more to define how average volume is calculated.
🔸Threshold Adjustments: Modify the volatility threshold multiplier to increase or decrease sensitivity based on your trading style.
🔸MACD Tuning: Adjust MACD settings and the multiplier for trend visualization tailored to different asset classes and market conditions.
🟦 Indicator Alerts
🔸High Volatility Alerts: Automatically triggered when candles exceed user-defined volatility levels.
🔸Bullish/Bearish Trend Alerts: Alerts are activated when highlighted volatile candles align with bullish or bearish MACD crossovers, making it easier to spot opportunities without constantly monitoring the chart.
🟦 Examples of Use
To better understand how this indicator works, consider the following scenarios:
🔸Example 1: In a strong uptrend, observe how volume surges and volatility highlight candles right before price consolidations, indicating optimal exit points.
🔸Example 2: During a downtrend, see how the MACD aligns with volume-driven volatility, signaling potential short-selling opportunities.
Noise Footprint ImbalanceNoise Footprint Imbalance Indicator
The Noise Footprint Imbalance Indicator highlights areas of imbalance in price action, marking potential zones of support and resistance. This indicator helps traders visualize "footprints" of imbalance on the chart, allowing for better identification of areas where price moves significantly away from equilibrium. This can help traders pinpoint potential reversal points or zones where buyers or sellers may step in.
Features
Customizable Box Count: Choose the maximum number of imbalance zones displayed on the chart, keeping your workspace clear and focused.
Imbalance Detection: Highlights both top and bottom imbalances, identifying them based on price discrepancies between open/close and high/low levels.
Dynamic Zone Boxes: Draws boxes around imbalance zones with customizable colors and transparency, providing visual clarity without overwhelming the chart.
Usage
This indicator is beneficial for traders who:
Use imbalance zones as potential areas of interest for entries or exits.
Want to combine it with other indicators or price action analysis to improve trade setups.
Customization Options
Maximum Imbalance Zones: Adjusts the maximum number of imbalance boxes shown.
Imbalance Box Color: Customize the color and transparency of the imbalance zones to suit your chart's theme.
Add this script to your chart to enhance your technical analysis and bring more structure to your trading approach with the Noise Footprint Imbalance Indicator.
TechniTrend: Advance Custom Candle Finder (CCF)🟦 Description:
The TechniTrend: Advanced Custom Candle Finder (CCF) is a versatile tool designed to help traders identify custom candlestick patterns using various configurable criteria. This indicator provides a flexible framework to filter and highlight specific candles based on volume, volatility, candle characteristics, and other important metrics. Below is a detailed explanation of each filter and its customization options:
🟦 Volume-Based Filters
🔸Volume Spike Filter:
Enable filtering based on volume spikes. Use the Volume Spike Multiplier to define what constitutes a significant increase in volume compared to the average. A spike indicates unusually high trading interest.
🔸Volume Range Filter:
Filter candles based on specific volume ranges. Set Minimum Volume and Maximum Volume thresholds to isolate candles with trading volumes within your desired boundaries.
🟦 Candle Body & Wick Filters
🔸Body Size Filter:
Filter candles based on the size of their body. A Body Size Multiplier determines what is considered a large body relative to historical averages.
🔸Body Percentage Filter:
Filter based on the proportion of the body to the entire candle size. Use the Body Percentage Threshold to highlight candles where the body makes up a certain percentage of the total candle range.
🔸Wick-to-Body Ratio Filter:
Identify candles with specific wick-to-body ratios. A higher Wick-to-Body Ratio can indicate indecision or reversals.
🟦 Volatility & Range Filters
🔸Volatility Filter:
Highlight candles based on price changes relative to volume. The Volatility Multiplier sets the threshold for what is considered a volatile candle.
🔸Candle Range Filter:
Filter based on the range (High - Low) of each candle. Use Minimum Candle Range and Maximum Candle Range to specify your desired candle size in points or pips.
🔸Short-Term and Long-Term Volatility Filters:
Analyze volatility over different periods. Enable Short-Term Volatility or Long-Term Volatility filters to compare recent volatility against historical averages, helping you detect sudden market shifts.
🟦 Candle Color & Open/Close Filters
🔸Candle Color Filter:
Filter based on the candle's color. Choose between Bullish (close > open) or Bearish (close < open) to focus on specific market sentiments.
🔸Open/Close Price Range Filter:
Filter based on the difference between the open and close prices. Use Minimum Open/Close Range and Maximum Open/Close Range to specify your acceptable range in price movements.
🟦 Core Functionality
The CCF indicator combines these filters to provide a final signal whenever a candle meets all the enabled criteria. By default, it highlights any qualifying candle directly on the chart and changes the background color for added visibility.
🟦 Key Features:
🔸Highly Customizable Filters: Adjust the parameters for each filter to tailor the indicator to your specific needs.
🔸Multiple Conditions: Combine several conditions to identify complex candlestick patterns.
🔸Real-Time Alerts: Receive instant notifications when a matching candle pattern is found based on your custom criteria.
🟦 How to Use:
🔸Enable the filters you wish to apply (e.g., Volume Spike, Candle Body Size, Volatility).
🔸Adjust the thresholds for each filter to fine-tune the pattern recognition criteria.
🔸Observe the chart to see visual cues for candles that match your specified conditions.
🟦 Notes:
🔸Ensure that you clearly understand each filter’s role. Over-filtering with very strict criteria may reduce the number of signals.
🔸This indicator is designed to be a customizable tool, not providing buy or sell recommendations.
🔸Use in combination with other analysis tools and indicators for the best results.
ATR and Volume AnalysisHi!
I would like to present an indicator that's meant to measure ratio of Volatility to Volume.
Basically it measures 2 moving averages (14 and 100 period) of ATR and Volume and then compares them. The output is ATR14 / Vol14
Color scheme
Red: Volume and ATR is both below 14 period
Green: Both are above
Yellow: Volume up, volatility down
Purple: Volume down, volatility up
Then there are two lines - 1 and 1.5
That is, in my opinion, the most optimal state to trade, because 1 means that there is some volatility and it's confirmed by volume. Above 1,5 you could see it as overbought (or oversold) zone. If it's above this line, we could expect a retracement since the volatility is not backed by volume. Above 2 it's quite critical and I would suggest closing trades.
(You can use it across all timeframes. In fact it's better if you do so. Longer timeframes are good for spotting tradeable markets while shorter timeframes show overbought / oversold zones)
I have also added option to choose between 4 different moving averages, but in my opinion RMA works the best.
Feel free to share some feedback, I would really appreciate it.
Sincerely,
Beefmaster
Volume Flow ConfluenceVolume Flow Confluence (CMF-KVO Integration)
Core Function:
The Volume Flow Confluence Indicator combines two volume-analysis methods: Chaikin Money Flow (CMF) and the Klinger Volume Oscillator (KVO). It displays a histogram only when both indicators align in their respective signals.
Signal States:
• Green Bars: CMF is positive (> 0) and KVO is above its signal line
• Red Bars: CMF is negative (< 0) and KVO is below its signal line
• No Bars: When indicators disagree
Technical Components:
Chaikin Money Flow (CMF):
Measures the relationship between volume and price location within the trading range:
• Calculates money flow volume using close position relative to high/low range
• Aggregates and normalizes over specified period
• Default period: 20
Klinger Volume Oscillator (KVO):
Evaluates volume in relation to price movement:
• Tracks trend changes using HLC3
• Applies volume force calculation
• Uses two EMAs (34/55) with a signal line (13)
Practical Applications:
1. Signal Identification
- New colored bars after blank periods show new agreement between indicators
- Color intensity differentiates new signals from continuations
- Blank spaces indicate lack of agreement
2. Trend Analysis
- Consecutive colored bars show continued indicator agreement
- Transitions between colors or to blank spaces show changing conditions
- Can be used alongside other technical analysis tools
3. Risk Considerations
- Signals are not predictive of future price movement
- Should be used as one of multiple analysis tools
- Effectiveness may vary across different markets and timeframes
Technical Specifications:
Core Algorithm
CMF = Σ(((C - L) - (H - C))/(H - L) × V)n / Σ(V)n
KVO = EMA(VF, 34) - EMA(VF, 55)
Where VF = V × |2(dm/cm) - 1| × sign(Δhlc3)
Signal Line = EMA(KVO, 13)
Signal Logic
Long: CMF > 0 AND KVO > Signal
Short: CMF < 0 AND KVO < Signal
Neutral: All other conditions
Parameters
CMF Length = 20
KVO Fast = 34
KVO Slow = 55
KVO Signal = 13
Volume = Regular/Actual Volume
Data Requirements
Price Data: OHLC
Volume Data: Required
Minimum History: 55 bars
Recommended Timeframe: ≥ 1H
Credits:
• Marc Chaikin - Original CMF development
• Stephen Klinger - Original KVO development
• Alex Orekhov (everget) - CMF script implementation
• nj_guy72 - KVO script implementation
Enhanced Buy/Sell Pressure, Volume, and Trend Bar analysisEnhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis Indicator
Overview
This indicator is designed to help traders identify buy and sell pressure, volume changes, and overall trend direction in the market. It combines multiple concepts like price action, volume, and trend analysis, candlestick anaysis to provide a comprehensive view of market dynamics. The visual elements are intuitive, making it suitable for traders at different levels. This indicator works together with Enhanced Pressure MTF Screener which is a screener based of this indicator to make it easier to see Bullish/Bearish pressures and trend across multiple timeframes.
Image below: is the Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis with the Enhanced Pressure MTF Screener indicator both active together.
Key Features
1.Buy/Sell Pressure Identification
Buy Pressure: Calculated based on price movement where the close price is higher than the opening price.
Sell Pressure: Calculated when the closing price is equal to or lower than the opening price.These pressures help you understand whether buyers or sellers are more dominant for each bar.
2.Volume Analysis
Normalized Volume: Volume data is normalized, making it easier to compare volume levels over different periods.
Volume Histogram: The volume is also presented as a histogram for easy visualization, showing whether the current volume is higher or lower compared to the average.
3.Simplified Coloring Option
You can choose to simplify the coloring of bars to reflect the dominant pressure: green for bullish pressure and red for bearish pressure. This makes it visually easier to identify who is in control. When simplified coloring is disabled, the bars' colors will represent the combined effect of buy and sell pressure.
4.Heikin-Ashi Candles for Pressure Calculation
The indicator includes an option to use Heikin-Ashi candles instead of traditional candles to calculate buy and sell pressure. Heikin-Ashi candles are known for smoothing out price action and providing a clearer trend representation.
5.Trend Background Coloring
This feature uses exponential moving averages (EMAs) to determine the trend:
Short-Term EMA vs. Long-Term EMA: When the short-term EMA is above the long-term EMA, the trend is considered bullish, and vice versa.
The background color changes based on the identified trend: green for an uptrend and red for a downtrend. This feature helps visualize the overall market direction at a glance.
6.Signals for Key Price Actions
The indicator plots various symbols to signal important price movements:
Bullish Close (▲): Indicates a strong upward movement where the close price crosses above the open.
Bearish Close (▼): Indicates a downward movement where the close price falls below the open.
Higher High (•): Highlights new highs compared to previous bars, useful for confirming an uptrend.
Lower Low (•): Highlights lower lows compared to previous bars, which can indicate a downtrend or bearish pressure.
Calculations Explained
1.Buy and Sell Pressure Calculation
The buy pressure is determined by the price range (high - low) if the closing price is above the opening price, indicating an increase in value.
The sell pressure is similarly calculated when the closing price is equal to or below the opening price.
The indicator uses the Average True Range (ATR) for normalization. Normalizing helps you compare pressure across different periods, regardless of market volatility.
2.Volume Normalization
Volume Normalization: To make volume comparable across different periods, the indicator normalizes it using the Simple Moving Average (SMA) of volume over a user-defined length.
Volume Histogram: The histogram provides a clear representation of volume changes compared to the average, making it easier to spot unusual activity that may indicate market shifts.
3.Combined Pressure Calculation
The indicator calculates a combined pressure value by subtracting sell pressure from buy pressure.
When combined pressure is positive, buying is dominant, and when negative, selling is dominant. This helps in visually understanding the ongoing momentum.
4.Trend Calculation
The indicator uses two EMAs to determine the trend:
Short-Term EMA (default 14-period) to capture recent price movements.
Long-Term EMA (default 50-period) to provide a broader trend perspective.
By comparing these EMAs on a higher timeframe, the indicator can identify whether the trend is up or down, making it easier for traders to align their trades with the larger market movement.
Inputs and Customization
The indicator provides several options for customization, allowing you to adjust it to your preferences:
SMA Length: Determines the lookback period for moving averages and volume normalization. A longer length provides more smoothing, whereas a shorter length makes the indicator more responsive.
Buy/Sell/Volume Colors: Customize the colors used to represent buying, selling, and volume to suit your preferences.
Heikin Ashi Option: Toggle between using Heikin Ashi or traditional OHLC (Open-High-Low-Close) candles for pressure calculations.
Trend Timeframe and EMA Periods: You can choose different timeframes and EMA periods for trend analysis to suit your trading strategy.
How to Use This Indicator
Identifying Market Momentum: Use the buy/sell pressure columns to see which side (buyers or sellers) is in control. Positive pressure combined with green color indicates strong buying, while red indicates selling.
Volume Confirmation: Check the volume area plot and histogram. High volume coupled with strong pressure is a sign of conviction, meaning the current move has backing from market participants.
Trend Identification: The trend background color helps identify the overall trend direction. Trade in the direction of the trend (e.g., take long positions during a green background).
Signal Indicators: The plotted symbols like "Bullish Close" and "Bearish Close" provide visual signals of key price actions, useful for timing entry or exit points.
Practical use Example
Scenario: The market is consolidating, and you see alternating green and red bars.
Action: Wait for a consistent sequence of green bars (buy pressure) along with a green background (uptrend) to consider going long, although you can go long without having a green background, the background adds confirmation layer.
Scenario: The market has several bearish closes (red ▼ symbols) accompanied by increasing volume.
Action: This could indicate strong selling pressure. If the background also turns red, it might be a good time to exit long positions or consider shorting.
Higher timeframe pressure and volume: Another way to use the indicator is to check buy/sell volume and pressure of the higher timeframe say weekly or daily or any timeframe you consider higher, once you’ve identified or feel confident in which direction the bar is going along with the full picture of trend, you can go to the lower timeframe and wait for it to sync with the higher timeframe to consider a long or a short. It is also easier to see when markets sync up by also applying the Enhanced Pressure MTF Screener which works in companion to this indicator.
Visual Cues and Interpretation
Combined Pressure Plot: The green and red column plot at the bottom of the chart represents the dominance between buying and selling. Tall green bars signify strong buying, while tall red bars indicate selling dominance.
Trend Background: Helps visualize the overall direction without manually drawing trend lines. When the background turns green, it generally indicates that the shorter-term moving average has crossed above the longer-term average—a sign of a bullish trend.
To Summarize shortly
The Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis Indicator is an advanced but simple tool designed to help traders visually understand market dynamics. It combines different aspects of market analysis of candle pressure from buyers and sellers, volume confirmation, and trend identification into a single view, which can assist both new and experienced traders in making informed trading decisions.
This indicator:
Saves time by simplifying market analysis.
Provides clear visual cues for buy/sell pressure, volume, and trend.
Offers customizable settings to suit individual trading styles.
Always, I am happy to share my creations with you all for free. If you guys have cool ideas you would like to share, or suggestions for improvements the comment is below and I hope this overview gave an idea of how to use the indicator :D
VPA Volume Price AverageDescription:
This indicator displays a moving average of volume and its signal line in a separate pane, with conditional highlighting to help interpret buyer and seller pressure. It’s based on two main lines:
Volume Moving Average (red line) : represents the average volume calculated over a configurable number of periods.
Signal Line of the Volume Moving Average (blue line): this is an average of the volume moving average itself, used as a reference for volume trends.
Key Features
Volume Moving Average with Conditional Highlighting:
The volume moving average is plotted as a red line and changes color based on two specific conditions:
The closing price is above its moving average, calculated over a configurable number of periods, indicating a bullish trend.
The volume moving average is greater than the signal line, suggesting an increase in buyer pressure.
When both conditions are met, the volume moving average turns green. If one or both conditions are not met, the line remains red.
Signal Line of the Volume Moving Average:
The signal line is plotted in blue and represents a smoothed version of the volume moving average, useful for identifying long-term volume trends and as a reference for the highlighting condition.
Customizable Periods
The indicator allows you to set the periods for each average to adapt to different timeframes and desired sensitivity:
Period for calculating the volume moving average.
Period for calculating the signal line of the volume moving average.
Period for the price moving average (used in the highlighting condition).
How to Use
This indicator is especially useful for monitoring volume dynamics in detail, with a visual system that highlights conditions of increasing buyer strength when the price is in an uptrend. The green highlight on the volume moving average provides an intuitive signal for identifying potential moments of buyer support.
Try it to gain a clearer and more focused view of volume behavior relative to price movement!
Effective Volume (ADV) v3Effective Volume (ADV) v3: Enhanced Accumulation/Distribution Analysis Tool
This indicator is an updated version of the original script by cI8DH, now upgraded to Pine Script v5 with added functionality, including the Volume Multiple feature. The tool is designed for analyzing Accumulation/Distribution (A/D) volume, referred to here as "Effective Volume," which represents the volume impact in alignment with price direction, providing insights into bullish or bearish trends through volume.
Accumulation/Distribution Volume Analysis : The script calculates and visualizes Effective Volume (ADV), helping traders assess volume strength in relation to price action. By factoring in bullish or bearish alignment, Effective Volume highlights points where volume strongly supports price movements.
Volume Multiple Feature for Volume Multiplication : The Volume Multiple setting (default value 2) allows you to set a multiplier to identify bars where Effective Volume exceeds the previous bar’s volume by a specified factor. This feature aids in pinpointing significant shifts in volume intensity, often associated with potential trend changes.
Customizable Aggregation Types : Users can choose from three volume aggregation types:
Simple - Standard SMA (Simple Moving Average) for averaging Effective Volume
Smoothed - RMA (Recursive Moving Average) for a less volatile, smoother line
Cumulative - Accumulated Effective Volume for ongoing trend analysis
Volume Divisor : The “Divide Vol by” setting (default 1 million) scales down the Effective Volume value for easier readability. This allows Effective Volume data to be aligned with the scale of the price chart.
Visualization Elements
Effective Volume Columns : The Effective Volume bar plot changes color based on volume direction:
Green Bars : Bullish Effective Volume (volume aligns with price movement upwards)
Red Bars : Bearish Effective Volume (volume aligns with price movement downwards)
Moving Average Lines :
Volume Moving Average - A gray line representing the moving average of total volume.
A/D Moving Average - A blue line showing the moving average of Accumulation/Distribution (A/D) Effective Volume.
High ADV Indicator : A “^” symbol appears on bars where the Effective Volume meets or exceeds the Volume Multiple threshold, highlighting bars with significant volume increase.
How to Use
Analyze Accumulation/Distribution Trends : Use Effective Volume to observe if bullish or bearish volume aligns with price direction, offering insights into the strength and sustainability of trends.
Identify Volume Multipliers with Volume Multiple : Adjust Volume Multiple to track when Effective Volume has notably increased, signaling potential shifts or strengthening trends.
Adjust Volume Display : Use the volume divisor setting to scale Effective Volume for clarity, especially when viewing alongside price data on higher timeframes.
With customizable parameters, this script provides a flexible, enhanced perspective on Effective Volume for traders analyzing volume-based trends and reversals.
Salman Indicator: Multi-Purpose Price ActionSalman Indicator: Multi-Purpose Price Action Tool for Pin Bars, Breakouts, and VWAP Anchoring
This indicator provides a comprehensive suite of price action insights, designed for active traders looking to identify key market structures and potential reversals. The script incorporates a Quarterly VWAP for trend bias, marks pin bars for possible reversal points, highlights outside bars for volatility signals, and indicates simple breakouts and pivot-level breaks. Customizable settings allow for flexibility in various trading styles, with default settings optimized for daily charts.
Outside Bars : Represented by an ⤬ symbol on the chart, these indicate bars where the current high is greater than the previous bar’s high, and the low is lower than the previous bar’s low, signaling high volatility and potential market reversals.
Pin Bars : Denoted by a small dot at the top or bottom of a candle’s wick, these are crucial signals of potential reversal areas. Pin bars are identified based on the percentage length of their shadows, with adjustable strictness in settings.
Quarterly VWAP : The light blue line on the chart represents the VWAP (Volume-Weighted Average Price), which is anchored to the Quarterly period by default. The VWAP acts as a directional bias filter, helping you to determine underlying market trends. This period, source, and offset are fully adjustable in the script’s settings.
Simple Breaks : Hollow candles on the chart indicate "simple breaks," defined when the current bar closes above the previous high or below the previous low. This is an effective way to highlight directional momentum in the market.
Bonus Pivot Breaks : The tilde symbol ~ appears when the price closes above or below prior pivot high/low levels, helping traders spot significant breakout or breakdown points relative to recent pivots.
Alerts
Simple Breaks : Alerts you when a breakout occurs beyond the previous bar’s high or low. Pin Bars : Notifies you of potential reversal points as indicated by bullish or bearish pin bars. Outside Bars : Triggers an alert whenever an outside bar is detected, indicating possible volatility changes.
How to Use
VWAP for Trend Bias : Use the Quarterly VWAP line to gauge overall market trend, with settings that allow adjustment to daily, weekly, monthly, or even larger time frames.
Pin Bars for Reversal Potential : Look for the dot markers on candle wicks, where the strictness of the pin bar detection can be adjusted via settings to match your trading preference.
Simple and Pivot Breaks for Momentum : Watch for hollow candles and the tilde symbol ~ as indicators of potential breakout momentum and pivot break levels, respectively.
This script can serve traders on multiple timeframes, from daily to weekly and beyond. The flexible configuration allows for adjustments in VWAP anchoring and pin bar criteria, providing a tailored fit for individual trading strategies.
Volume Based Price Prediction [EdgeTerminal]This indicator combines price action, volume analysis, and trend prediction to forecast potential future price movements. The indicator creates a dynamic prediction zone with confidence bands, helping you visualize possible price trajectories based on current market conditions.
Key Features
Dynamic price prediction based on volume-weighted trend analysis
Confidence bands showing potential price ranges
Volume-based candle coloring for enhanced market insight
VWAP and Moving Average overlay
Customizable prediction parameters
Real-time updates with each new bar
Technical Components:
Volume-Price Correlation: The indicator analyzes the relationship between price movements and volume, Identifies stronger trends through volume confirmation and uses Volume-Weighted Average Price (VWAP) for price equilibrium
Trend Strength Analysis: Calculates trend direction using exponential moving averages, weights trend strength by relative volume and incorporates momentum for improved accuracy
Prediction Algorithm: combines current price, trend, and volume metrics, projects future price levels using weighted factors and generates confidence bands based on price volatility
Customizable Parameters:
Moving Average Length: Controls the smoothing period for calculations
Volume Weight Factor: Adjusts how much volume influences predictions
Prediction Periods: Number of bars to project into the future
Confidence Band Width: Controls the width of prediction bands
How to use it:
Look for strong volume confirmation with green candles, watch for prediction line slope changes, use confidence bands to gauge potential volatility and compare predictions with key support/resistance levels
Some useful tips:
Start with default settings and adjust gradually
Use wider confidence bands in volatile markets
Consider prediction lines as zones rather than exact levels
Best applications of this indicator:
Trend continuation probability assessment
Potential reversal point identification
Risk management through confidence bands
Volume-based trend confirmation
