NSE + BSE Volume with Relative Volume Multiplier By AfnanIntroducing the Combined NSE + BSE Volume Indicator with Relative Volume indicator (CRVI).
The Combined NSE + BSE Volume Indicator with Relative Volume Multiplier (CRVI) is an essential tool for Indian traders who are engaged in volume breakout analysis, particularly breakout traders.
Key Features of CRVI:
Combining NSE and BSE Volume: The CRVI consolidates volume data from both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) into a single chart, ensuring that traders do not miss out on vital volume data from either exchange.
Understanding Operator Activity: This indicator gives traders the advantage of identifying whether operators or smart investors are building positions in either exchange. For instance, while observing an NSE stock chart, traders can now identify if operators are building positions in BSE stocks as well.
Add-on to Relative Volume / Volume Breakout Multiplier (RVI) Indicator: The CRVI is an additional feature integrated into the Relative Volume / Volume Breakout Multiplier (RVI) indicator, providing an enhanced perspective on volume dynamics.
Usage of CRVI:
Quantifying Volume Breakouts: The indicator quantifies the degree of volume breakouts concerning the Simple Moving Average (SMA), facilitating a clearer understanding of the strength of volume breakouts.
Relative Volume Interpretation: By comparing the current volume with the volume SMA, the CRVI delivers a breakout number, such as 2.0 for double the volume SMA or 0.50 for half the volume SMA. This assists traders in gauging the momentum and potential trading opportunities more effectively.
Advantages for Traders:
Enhanced Volume Analysis: Breakout traders, in particular, will find the CRVI invaluable for identifying potential trading opportunities and assessing volume strength more accurately.
Essential Toolkit Inclusion: Traders focusing on volume breakout analysis can benefit significantly from incorporating this indicator into their trading toolkit.
Embracing Continuous Improvement:
Every tool and analysis utilized contributes to the ongoing process of becoming more adept traders. Embracing continuous learning and improvement is the foundation of successful trading. As we move forward, armed with the right tools and mindset, we eliminate the doubts of today and pave the way for a more confident tomorrow.
Gratitude :
Your support, likes, and comments are deeply appreciated. If you have any questions, do not hesitate to reach out. Let's work together to make trading an enriching experience!
Volumeanalysis
USD VolumeA volume tool but the candles represent Volume in USD Format which is usually
here are some examples of what the numbers represent on the right-hand side.
.01 = $10,000
.5 = $500,000
1 = $1,000,000
50 = $50,000,000
250 = $250,000,000
1000 = $1,000,000,000
The lower line is the "Average Volume" based on lifetime history. Anytime volume is below average, this likely denotes most people have capitulated or the markets have grown bored at these price ranges. A squeeze in volume primes the asset for a big move.
The upper line is the 3rd standard of Deviation from the average line. Anytime volume touches that line or goes higher, this denotes its a very big move relative to how the asset typically trades. If the volume stays above this range for an extended period of time, it would be wise to watch the chart closely and start taking profits off the table whether you're shorting or longing the asset.
STIC bullish and bearish hunter with FVGSmart Trading and Investment Companion (STIC) is a sophisticated tool designed to identify and visualize inducement, market structure, market trends, track liquidity, and project and forecast price action for all applicable assets. it has been tested to work on all timeframes and has been traded on stock, forex, and crypto assets.
This script is an upgraded version of previous STIC indicator, which you can use in addition to it or separately as you deem fit
Traders/ investor that are familiar with market structure, inducement, candlestick psychology, trend-following indicatorsand Fair Value Gap FVG will find it easy to adopt this trading and investment companion. As stated below, this is how it works.
Features and how to use
1st of all, after adding the indicator to yoursuperchart, you want to endusre to set your to so as to enable you see the text labeling clearly. to do that, after adding the indicator to your chart, right click it on the list, you will se the Visual order option.
Special Extreme Alert!
By analyzing the trends and dimensions, we are able to predict market extremes conditions, especially in pump and dump scenarios. (the bullish or bearish P/D extreme alerts).
Market flip arrow
The arrows trigger to indicate when the market flips to bullish (green) or bearish (red) conditions. note that this arrow is just a market flip confirmation and it it triggered by market trends, it does not come one time and sometimes later after market trigger conditions had been met.
circled in white.
Buy or sell potential {The tiny yelow(sell) and blue(buy) triangle}
By analyzing market extreme conditions, market sentiment, and liquidity, the buy/sell potential alert trigger is able to determine the state of the market, This can and should be used in combination with the market flip line (MFL) [the yellow line from , market flip trigger (MFT) (purple line), and market support/resistance line (MSR)(blue line) .
Market flip Line (Blue line) (MFL): the MFL is useful to also understand the market phase; a candle close above the MFL is bullish, while a candle close Below, the MFL is bearish. You are, however, expected to experience market retests and rejections coupled with support and resistance to follow through with the predicted direction. Patience is a valuable virtue in trading.
Extended sell or buy hunt (Red and Green Triangle)
this is real-time triangles indicator just like every other indicator on theis chart that indicates the market direction labeled with buy and sell. Note that the market-extended extreme can occur multiple times in the same direction. Hence, we'll advise having multiple trade entries.
The flip support line
Market Flip Trigger Line (MFTL) (Magenta): When the market crosses and closes below or above the Market Flip Trigger Line, you should wait for a confirmation. a confirmation is usually a retest or rejection of the line. A candle close and reject indicates the market as flip direction and it is going for a correction or major reversal. it is applicable on all timeframe.
As mentioned earlier, if you understand market structure and sentiment, using the uFVG, iFVG, upLQTY, downLQTY and BOS will be easy. however, this is how it works, you may need tohave and expanded readbout market structure for additional knowledge.
upLQTY (Bullish liquidity inducement)
The indicator appear at the close and confirmation on the 3rd candle and it is extended to only appear on 200 bars applicable on all timeframes.
This is a bullish sentiment and liquidty inducement order block that occurs, leading to the break of trend structure and change of character. Meaning the market sentiment as change which is backed up by liquidity in that region, which mostly gets filled, especially on lower timeframes before the price action continues. If price revese breaks and hold above this region, it invalidates the order block. This will always appear when there is a confirmed change of character CHoCH to the bullish side.
downLQTY (Bearish liquidity inducement) The indicator appear at the close and confirmation on the 3rd candle and it is extended to only appear on 200 bars applicable on all timeframes. It is and inverse of the upLQTY.
like order block, these are supply and demand zones that has the potential to change the direction of a trade. This is a bearish order block that occurs, leading to the break of structure and change of character. Meaning there is bearish liquidity yet to be accounted for in the region, which mostly gets filled, especially on lower timeframes before the price action continues. If broken, it invalidates the order block. This will always appear when there is a confirmed change of character from CHoCH to the bearish side.
Fair Value Gap
From general knowledge, FVG also know as Fair value gaps are inbalnace created by a 3 candlestick pattern where the top of the bottom candles doesn't cross the bottom of the top candle. like order block, these are supply and demand zones that has the potential to change the direction of a trade. This mostly indicate the presense of big plays in the market. for STIC indicator, FVG are labeled as listed below;
UFVG, also FVGup, {Colour green box} = bullish imbalance fair value gap
IFVG, aka FVGdown, {Red box} = bearish imbalance fair value gap
OIFVG, {Yellow box, no label} = other imbalances fair value gab
You should not that FG has upper, lower and middle band, any of the this area can be induced and filled by price.
Alert Conditions!
Buy alert conditions
- Any bullish buy alert
- Bullish hunt
- Re-entry Buy
- Sharp Market Sell rejection
- Buy potential
- upLQTY
Long position Exit conditions
- ExtremeB
- Profit
- Sell hunt
The Entry, exit and trail profit alert trigger should be used as position exit conditions either for a Long (Buy) or Short (Sell) situation and should be set as OPB (Once Per Bar). Using it as entry for exit or vice versa as shown not to be very profitable. hence the need to combine with other order entry alerts like the Any bullish or Bearish alerts
Sell alert conditions ( NOTE: All Sell alert are not yet included in this current version as this is targeted towards bullrun.)
- Sell potential
- Sell triangle (Sell hunt)
- downLQTY
and any trail profit alert, this alert put into consideration all the conditions required to trail profit.
Risk management advice
Patience and a good risk management strategy are required to be profitable trader using this tool. You need to ensure not to overleverage, and you should have multiple entries in case the buy coditions/alert shows again below the previous buy alert before a sell condition/alert occurs.
Periodic Activity Tracker [LuxAlgo]The Periodic Activity Tracker tool periodically tracks the cumulative buy and sell volume in a user-defined period and draws the corresponding matching bars and volume delta for each period.
Users can select a predefined aggregation period from the following options: Hourly, Daily, Weekly, and Monthly.
🔶 USAGE
This tool provides a simple and clear way of analyzing volumes for each aggregated period and is made up of the following elements:
Buy and sell volumes by period as red and green lines with color gradient area
Delta (difference) between buy & sell volume for each period
Buy & sell volume bars for each period
Separator between lines and bars, and period tags below each pair of bars for ease of reading
On the chart above we can see all the elements displayed, the volume level on the lines perfectly matches the volume level on the bars for each period.
In this case, the tool has the default settings so the anchor period is set to Daily and we can see how the period tag (each day of the week) is displayed below each pair of bars.
Users can disable the delta display and adjust the bar size.
🔹 Reading The Tool
In trading, assessing the strength of the bulls (buyers) and bears (sellers) is key to understanding the current trading environment. Which side, if any, has the upper hand? To answer this question, some traders look at volume in relation to price.
This tool provides you with a view of buy volume versus sell volume, allowing you to compare both sides of the market.
As with any volume tool, the key is to understand when the forces of the two groups are balanced or unbalanced.
As we can observe on the chart:
NOV '23: Buy volume greater than sell volume, both moving up close together, flat delta. We can see that the price is in range.
DEC '23: Buy volume bigger than Sell volume, both moving up but with a bigger difference, bigger delta than last month but still flat. We can see the price in the range above last month's range.
JAN '24: Buy and sell volume tied together, no delta whatsoever. We can see the price in range but testing above and below last month's range.
FEB '24: Buy volume explodes higher and sell volume cannot keep up, big growing delta. Price explodes higher above last month's range.
Traders need to understand that there is always an equal number of buyers and sellers in a liquid market, the quality here is how aggressive or passive they are. Who is 'attacking' and who is 'defending', who is using market orders to move prices, and who is using limit orders waiting to be filled?
This tool gives you the following information:
Lines: if the top line is green, the buyers are attacking, if it is red, the sellers are attacking.
Delta: represents the difference in their strength, if it is above 0 the buyers are stronger, if it is below 0 the sellers are stronger.
Bars: help you to see the difference in strength between buyers and sellers for each period at a glance.
🔹 Anchor Period
By default, the tool is set to Hourly. However, users can select from a number of predefined time periods.
Depending on the user's selection, the bars are displayed as follows:
Hourly : hours of the current day
Daily : days of the current week
Weekly : weeks of the current month
Monthly : months of the current year
On the chart above we can see the four periods displayed, starting at the top left and moving clockwise we have hourly, daily, weekly, and monthly.
🔶 DETAILS
🔹 Chart TimeFrame
The chart timeframe has a direct impact on the visualization of the tool, and the user should select a chart timeframe that is compatible with the Anchor period in the tool's settings panel.
For the chart timeframe to be compatible it must be less than the Anchor period parameter. If the user selects an incompatible chart timeframe, a warning message will be displayed.
As a rule of thumb, the smaller the chart timeframe, the more data the tool will collect, returning indications for longer-term price variations.
These are the recommended chart timeframes for each period:
Hourly : 5m charts or lower
Daily : 1H charts or lower
Weekly : 4H charts or lower
Monthly : 1D charts or lower
🔹 Warnings
This chart shows both types of warnings the user may receive
At the top, we can see the warning that is given when the 'Bar Width' parameter exceeds the allowed value.
At the bottom is the incompatible chart timeframe warning, which prompts the user to select a smaller chart timeframe or a larger "Anchor Period" parameter.
🔶 SETTINGS
🔹 Data Gathering
Anchor period: Time period representing each bar: hours of the day, days of the week, weeks of the month, and months of the year. The timeframe of the chart must be less than this parameter, otherwise a warning will be displayed.
🔹 Style
Bars width: Size of each bar, there is a maximum limit so a warning will be displayed if it is reached.
Volume color
Delta: Enable/Disable Delta Area Display
Delta ZigZag [LuxAlgo]The Delta ZigZag indicator is focused on volume analysis during the development of ZigZag lines. Volume data can be retrieved from a Lower timeframe (LTF) or real-time Tick data.
Our Delta ZigZag publication can be helpful in detecting indications of a trend reversal or potential weakening/strengthening of the trend.
This indicator by its very nature backpaints, meaning that the displayed components are offset in the past.
🔶 USAGE
The ZigZag line is formed by connecting Swings , which can be set by adjusting the Left and Right settings.
Left is the number of bars for evaluation at the left of the evaluated point.
Right is the number of bars for evaluation at the right of the evaluated point.
A valid Swing is a value higher or lower than the bars at the left/right .
A higher Left or Right set number will generally create broader ZigZag ( ZZ ) lines, while the drawing of the ZZ line will be delayed (especially when Right is set higher). On the other hand, when Right is set at 0, ZZ line are drawn quickly. However, this results in a hyperactive switching of the ZZ direction.
To ensure maximum visibility of values, we recommend using " Bars " from the " Bar's style " menu.
🔹 Volume examination
The script provides two options for Volume examination :
Examination per ZigZag line
Examination per bar
Bullish Volume is volume associated with a green bar ( close > open )
Bearish Volume is volume associated with a red bar ( close < open )
Neutral Volume (volume on a " close == open" bar) is not included in this publication.
🔹 Examination per ZigZag line
As long as the price moves in the same direction, the present ZZ line will continue. When the direction of the price changes, the bull/bear volume of the previous ZZ line is evaluated and drawn on the chart.
The ZZ line is divided into two parts: a bullish green line and a bearish red line.
The intercept of these two lines will depend on the ratio of bullish/bearish volume
This ratio is displayed at the intercept as % bullish volume (Settings -> Show % Bullish Volume)
* Note that we cannot draw between 2 bars. Therefore, if a ZZ line is only 1 bar long, the intercept will be at one of those 2 bars and not in between. The percentage can be helpful in interpreting bull/bear volume.
In the example above (2 most right labels), you can see that an overlap of 2 labels is prevented, ensuring the ability to evaluate the bullish % volume of the ZZ line .
The percentage will be colored green when more than 50%, red otherwise. The color will fade when the direction is contradictory; for example, 40% when the ZZ line goes up or 70% when the ZZ line falls.
More details can be visualized by enabling " Show " and choosing 1 of 3 options:
Average Volume Delta/bar
Average Volume/bar
Normalised Volume Delta
For both 'averages', the sum of " Volume "/" Volume Delta " of every bar on the ZZ line is divided by the number of bars (per ZZ line ).
The " Normalised Volume Delta " is calculated by dividing the sum of " Delta Volume " by the sum of " Volume " (neutral volume not included), which is displayed as a percentage.
All three options will display a label at the last point of the ZZ line and be coloured similarly: green when the ratio bullish/bearish volume of the ZZ line is bullish and red otherwise. Here, the colour also fades when it is bullish, but the ZZ line falls or when it is bearish with a rising ZZ line .
A tooltip at each label hints at the chosen option.
You can pick one of the options or combine them together.
🔹 Examination per bar
Besides information about what's happening during the ZZ line , information per bar can be visualized by enabling " Show Details " in Settings .
Split Volume per bar : show the sum of bullish (upV) and bearish (dnV) volume per bar
Volume (bar) : Total Volume per bar (bullish + bearish volume, neutral volume not included)
Δ Volume (bar) : Show Delta Volume (bullish - bearish volume)
🔹 Using Lower Timeframe Data
The ZigZag lines using LTF data are colored brighter. Also note the vertical line where the LTF data starts and the gap between ZZ lines with LTF data and without.
When " LTF " is chosen for the " Data from: " option in Settings , data is retrieved from Lower Timeframe bars (default 1 minute). When the LTF setting is higher than the current chart timeframe, the LTF period will automatically be adjusted to the current timeframe to prevent errors.
As there is a 100K limit to the number of LTF intrabars that can be analyzed by a script, this implies the higher the difference between LTF and current TF; the fewer ZZ lines will be seen.
🔹 Using real-time tick data
The principles are mostly the same as those of LTF data. However, in contrast with LTF data, where you already have LTF ZZ lines when loading the script, real-time tick data-based ZZ lines will only start after loading the chart.
Changing the settings of a ticker will reset everything. However, returning to the same settings/ticker would show the cached data again.
Here, you can see that changing settings reset everything, but returning after 2 minutes to the initial settings shows the cached data. Don't expect it to be cached for hours or days, though.
🔶 DETAILS
The timeframe used for LTF data should always be the same or lower than the current TF; otherwise, an error occurs. This snippet prevents the error and adjusts the LTF to the current TF when LTF is too high:
res = input.timeframe('1')
res := timeframe.from_seconds( math.min( timeframe.in_seconds(timeframe.period), timeframe.in_seconds(res) ) )
🔶 SETTINGS
Data from: LTF (Lower TimeFrame) or Ticks (Real-time ticks)
Res: Lower TimeFrame (only applicable when choosing LTF )
Option: choose " high/low " or " close " for Swing detection
🔹 ZigZag
Left: Lookback period for Swings
Right: Confirmation period after potential Swing
🔹 ZigZag Delta
Show % Bullish Volume : % bullish volume against total volume during the ZZ line
Show:
Average Volume Delta/bar
Average Volume/bar
Normalised Volume Delta
See USAGE for more information
🔹 Bar Data
Split Volume per bar: shows the sum of bullish ( upV ) and bearish ( dnV ) volume per bar
Volume (bar): Total Volume per bar (bullish + bearish volume, neutral volume not included)
Δ Volume (bar): Show Volume Delta (bullish - bearish volume)
Fourier Smoothed Hybrid Volume Spread AnalysisIndicator id:
USER;91bdff47320b4284a375f428f683b21e
(only relevant to those that use API requests)
MEANINGFUL DESCRIPTION:
The Fourier Smoothed Hybrid Volume Spread Analysis (FSHVSA) indicator is an innovative trading tool designed to fuse volume analysis with trend detection capabilities, offering traders a comprehensive view of market dynamics.
This indicator stands apart by integrating the principles of the Discrete Fourier Transform (DFT) and volume spread analysis, enhanced with a layer of Fourier smoothing to distill market noise and highlight trend directions with unprecedented clarity.
This smoothing process allows traders to discern the true underlying patterns in volume and price action, stripped of the distractions of short-term fluctuations and noise.
The core functionality of the FSHVSA revolves around the innovative combination of volume change analysis, spread determination (calculated from the open and close price difference), and the strategic use of the EMA (default 10) to fine-tune the analysis of spread by incorporating volume changes.
Trend direction is validated through a moving average (MA) of the histogram, which acts analogously to the Volume MA found in traditional volume indicators. This MA serves as a pivotal reference point, enabling traders to confidently engage with the market when the histogram's movement concurs with the trend direction, particularly when it crosses the Trend MA line, signalling optimal entry points.
It returns 0 when MA of the histogram and EMA of the Price Spread are not align.
HOW TO USE THE INDICATOR:
The FSHVSA plots a positive trend when a positive Volume smoothed Spread and EMA of Volume smoothed price is above 0, and a negative when negative Volume smoothed Spread and EMA of Volume smoothed price is below 0. When this conditions are not met it plots 0.
ORIGINALITY & USEFULNESS:
The FSHVSA is unique because it applies DFT for data smoothing, effectively filtering out the minor fluctuations and leaving traders with a clear picture of the market's true movements. The DFT's ability to break down market signals into constituent frequencies offers a granular view of market dynamics, highlighting the amplitude and phase of each frequency component. This, combined with the strategic application of Ehler's Universal Oscillator principles via a histogram, furnishes traders with a nuanced understanding of market volatility and noise levels, thereby facilitating more informed trading decisions.
DETAILED DESCRIPTION:
My detailed description of the indicator and use cases which I find very valuable.
What is the meaning of price spread?
In finance, a spread refers to the difference between two prices, rates, or yields. One of the most common types is the bid-ask spread, which refers to the gap between the bid (from buyers) and the ask (from sellers) prices of a security or asset.
We are going to use Open-Close spread.
What is Volume spread analysis?
Volume spread analysis (VSA) is a method of technical analysis that compares the volume per candle, range spread, and closing price to determine price direction.
What does this mean?
We need to have a positive Volume Price Spread and a positive Moving average of Volume price spread for a positive trend. OR via versa a negative Volume Price Spread and a negative Moving average of Volume price spread for a negative trend.
What if we have a positive Volume Price Spread and a negative Moving average of Volume Price Spread ?
It results in a neutral, not trending price action.
Thus the indicator returns 0.
In the next Image you can see that trend is negative on 4h, neutral on 12h and neutral on 1D. That means trend is negative .
I am sorry, the chart is a bit messy. The idea is to use the indicator over more than 1 Timeframe.
What is approximation and smoothing?
They are mathematical concepts for making a discrete set of numbers a
continuous curved line.
Fourier and Euler approximation of a spread are taken from aprox library.
Key Features:
Noise Reduction leverages Euler's White noise capabilities for effective Volume smoothing, providing a cleaner and more accurate representation of market dynamics.
Choose between the innovative Double Discrete Fourier Transform (DTF32) and Regular Open & Close price series.
Mathematical equations presented in Pinescript:
Fourier of the real (x axis) discrete:
x_0 = array.get(x, 0) + array.get(x, 1) + array.get(x, 2)
x_1 = array.get(x, 0) + array.get(x, 1) * math.cos( -2 * math.pi * _dir / 3 ) - array.get(y, 1) * math.sin( -2 * math.pi * _dir / 3 ) + array.get(x, 2) * math.cos( -4 * math.pi * _dir / 3 ) - array.get(y, 2) * math.sin( -4 * math.pi * _dir / 3 )
x_2 = array.get(x, 0) + array.get(x, 1) * math.cos( -4 * math.pi * _dir / 3 ) - array.get(y, 1) * math.sin( -4 * math.pi * _dir / 3 ) + array.get(x, 2) * math.cos( -8 * math.pi * _dir / 3 ) - array.get(y, 2) * math.sin( -8 * math.pi * _dir / 3 )
Fourier of the imaginary (y axis) discrete:
y_0 = array.get(x, 0) + array.get(x, 1) + array.get(x, 2)
y_1 = array.get(x, 0) + array.get(x, 1) * math.sin( -2 * math.pi * _dir / 3 ) + array.get(y, 1) * math.cos( -2 * math.pi * _dir / 3 ) + array.get(x, 2) * math.sin( -4 * math.pi * _dir / 3 ) + array.get(y, 2) * math.cos( -4 * math.pi * _dir / 3 )
y_2 = array.get(x, 0) + array.get(x, 1) * math.sin( -4 * math.pi * _dir / 3 ) + array.get(y, 1) * math.cos( -4 * math.pi * _dir / 3 ) + array.get(x, 2) * math.sin( -8 * math.pi * _dir / 3 ) + array.get(y, 2) * math.cos( -8 * math.pi * _dir / 3 )
Euler's Smooth with Discrete Furrier approximated Volume.
a = math.sqrt(2) * math.pi / _devided
b = math.cos(math.sqrt(2) * 180 / _devided)
c2 = 2 * math.pow(a, 2) * b
c3 = math.pow(a, 4)
c1 = 1 - 2 * math.pow(a, 2) * math.cos(b) + math.pow(a, 4)
filt := na(filt ) ? 0 : c1 * (w + nz(w )) / 2.0 + c2 * nz(filt ) + c3 * nz(filt )
Usecase:
First option:
Leverage the script to identify Bullish and Bearish trends, shown with green and red triangle.
Combine Different Timeframes to accurately determine market trend.
Second option:
Pull the data with API sockets to automate your trading journey.
plot(close, title="ClosePrice", display=display.status_line)
plot(open, title="OpenPrice", display=display.status_line)
plot(greencon ? 1 : redcon ? -1 : 0, title="position", display=display.status_line)
Use ClosePrice, OpenPrice and "position" titles to easily read and backtest your strategy utilising more than 1 Time Frame.
Indicator id:
USER;91bdff47320b4284a375f428f683b21e
(only relevant to those that use API requests)
Momentum Concepts [AlgoAlpha]🚀 Introducing the Momentum Concepts™ , a robust multi-layered momentum analysis tool developed by AlgoAlpha . This All-in-One indicator offers a comprehensive approach to understanding market momentum, empowering traders with hyper customizable features to tailor their analysis to their specific trading strategies.
Designed with efficiency and compactness in mind, the script shows momentum regimes on three time horizons: The short-term ( Fast Oscillator ), medium-term ( Scalper's Momentum ) and long-term ( Momentum Impulse Oscillator and Hidden Liquidity Flow ). Additionally, the script also includes reversal signals for traders who prefer to trade contrarian/mean-reversion strategies. By utilizing a blend of advanced algorithms and customizable parameters, Momentum Concepts™ provides traders with a vast array of trading strategies ranging from high frequency scalping to timing better entries on long-term swing and investing positions.
Let's delve into the key features and functionalities of this versatile indicator:
🎯Key Features (summary):
Customizable Fast Oscillator: Tailor the fast oscillator to your preferences with adjustable settings for type, source, trend identification(signal processing) method, length, and more.
Divergence Detection: Identify potential trend reversals with ease using built-in divergence detection for both bullish and bearish signals.
Momentum Impulse Oscillator: Gain deeper insights into trending/ranging markets and underlying market bias with a dedicated oscillator, featuring adjustable trend impulse thresholds.
Scalper's Momentum: Utilize a specialized momentum indicator designed for scalping strategies, featuring agility in signal detection with noise reduction and customizable smoothing parameters.
Hidden Liquidity Flow Analysis: Assess hidden liquidity flows within the market, highlighting excess liquidity and potential squeeze situations.
Trend Confluence Indicator: Evaluate the overall momentum direction with dynamically colored zones, aggregating signals from Momentum Concepts™ components for a holistic view.
User-Friendly Interface: The indicator is presented in a clear and intuitive manner, making it accessible for traders of all experience levels.
All-Rounded Alerts: The indicator comes with a comprehensive alerts extension in a separate script, allowing you to stay informed of important market movements even when away from your trading platform.
🎯Key Features (in-depth):
The Fast Oscillator within Momentum Concepts™ comprises four components designed to provide insights into short-term momentum dynamics:
🔱Price Volume Swings :
This confirmation component uses our proprietary Price Volume Algorithm to analyze price action and volume to identify buying and selling pressure, aiding traders in spotting short-term swings for potential trading opportunities.
⚜️Price Volume Waves :
This leading component also uses our proprietary Price Volume Algorithm but differs from the Price Volume Swings by capturing dominant wave patterns instead. This indicator breaks down price and volume data into a wave-like plot which enables leading insights into market momentum due to the relatively predicable nature of sine-like waves. Leading components such as this and the Alpha Wave are best used with other confirmation components within the Momentum Concepts™ .
🌊Alpha Wave :
The Alpha Wave is a leading non-volume alternative to the Price Volume Waves . It reflects market momentum by analyzing price action only instead of using volume data, resulting in a normalized wave-like plot similar to that of the Price Volume Waves , offering a leading perspective on potential market momentum shifts. Leading components such as this and the Price Volume Waves are best used with other confirmation components within the Momentum Concepts™ .
🐲Dragon RSI :
The Dragon RSI is a confirmation component that determines market momentum by analyzing the directional movement of the Relative Strength Index (RSI). By doing so, users are able to visually identify the current short term trend of the market as well as identify overbought and oversold conditions.
Reversal Signals :
All the Fast Oscillator components come with reversal signals that are based on the respective components being either oversold or overbought.
Divergences :
All the Fast Oscillator components come with bullish and bearish divergences. Divergences within the Fast Oscillator components of Momentum Concepts ™ offer crucial signals for trend shifts. 🔱 Price Volume Swings and ⚜️ Price Volume Waves detect weakening buying or selling pressure, signalling potential reversals or continuations. 🌊 Alpha Wave and 🐲 Dragon RSI identify divergences between momentum and price, aiding traders in anticipating market movements. Leveraging these divergences enhances analysis, aiding traders in formulating meaningful analysis.
Customizable Signal Processing Methods :
All the Fast Oscillator components come with customizable signal processing methods to identify trends on the Fast Oscillator , they include (but not limited to) methods such as Heiken Ashi, and a vast selection of Moving Averages.
Diminishing Momentum Warning :
All the Fast Oscillator components come with a diminishing momentum warning that represents a reducing momentum on the Fast Oscillator . This can act as a take profit signal or as a precautionary warning that the price is about to change direction soon even though the Fast Oscillator has not detected it yet.
Dynamically Colored Reversal Zones :
Last but not least, the dynamic coloring of the reversal zones for Fast Oscillator can be customised based on either the reversal probability of the Fast Oscillator or based on the overall trend confluence of all the components within the Momentum Concepts™ indicator.
The Momentum Impulse Oscillator in Momentum Concepts™ offers crucial insights into long-term momentum trends, aiding traders in identifying the underlying momentum regime and differentiating between trending and consolidating markets.
Underlying Momentum Bias
By default, the Momentum Impulse Oscillator is set to show the longer term trend of price action, this can be used to set the directional bias for the markets and prevent users from trading against the trend.
Trending/Ranging Detection
The Momentum Impulse Oscillator comes with the option to enable trending thresholds, when the Momentum Impulse Oscillator is beyond these thresholds, it indicates a trending market, when Momentum Impulse Oscillator is within the thresholds, it indicates a consolidating/ranging market.
The Scalper's Momentum within Momentum Concepts™ furnishes traders with nuanced signals ideal for short to medium-term trading strategies. It efficiently displays both the medium-term momentum and any emerging divergences towards the opposing direction.
Medium-Term Momentum
The Scalper's Momentum is designed to fill the analysis gap between the Fast Oscillator and the Momentum Impulse Oscillator . Showing momentum insights over the medium-term.
Momentum Convergence-Divergence
The Scalper's Momentum is also capable of showing momentum convergences and divergences, which can be used as take-profit and/or confirmation signals to other components within Momentum Concepts™ .
The Hidden Liquidity Flow component of Momentum Concepts™ is designed to uncover underlying liquidity dynamics. This feature enables traders to anticipate potential price movements based on changes in liquidity flow, enhancing their ability to make informed trading decisions.
Underlying Liquidity Dynamics
The Hidden Liquidity Flow shows the underlying liquidity flow of the market, a positive liquidity flow indicates that liquidity is entering the market and increasing the probability of bullish price action, the opposite is true for negative liquidity flows.
Excess Liquidity Flow
The Hidden Liquidity Flow also indicates when there is an abnormal amount of liquidity flowing through the market, this can indicate the potential for volatility and explosive price action.
🎯Usage Examples:
Now that we have gone through the components and features of Momentum Concepts™ in detail, we'll walk you through the usage examples and strategies that you can utilise to navigate the markets.
Scalping
Using the Scalper's Momentum and the Fast Oscillator as an example, users can first use the Scalper's Momentum as a directional bias and the Fast Oscillator as a means of timing a more precise entry. Take profits can be based on either the Diminishing Momentum Warnings or the Fast Oscillator flipping signals or the Scalper's Momentum flipping signals.
Buying the Dip/Shorting the Pump
Using the Momentum Impulse Oscillator and the Fast Oscillator as an example, users will need to first determine the underlying trend with the Momentum Impulse Oscillator , after which they can use the Fast Oscillator for entry signals into the trend. Take profits can be based on either the Diminishing Momentum Warnings or the Fast Oscillator flipping signals
Reversal Trading
Using the Momentum Impulse Oscillator on a timeframe roughly 3-4 times greater than the chart's timeframe and the Fast Oscillator as an example, users will need to first ensure that the Momentum Impulse Oscillator signals a ranging market on a higher timeframe, divergence signals from the Fast Oscillator can then be used as entries. Take profits can be based on either the Diminishing Momentum Warnings or the Fast Oscillator flipping signals or the Fast Oscillator reaching the zero line.
(These are just examples for reference, the Momentum Concepts™ offers significantly more possibilities for customisation and fine tuning of your trading strategy.)
🎯Conclusion:
In conclusion, Momentum Concepts™ stands as a versatile and powerful tool for traders seeking to decode the intricacies of market momentum across multiple time horizons. With its comprehensive suite of customizable features, including the Fast Oscillator , Scalper's Momentum , Momentum Impulse Oscillator , and Hidden Liquidity Flow , traders can gain deep insights into market dynamics and make well-informed trading decisions. Whether executing high-frequency scalping strategies or timing entries for longer-term positions, Momentum Concepts™ equips traders with the tools they need to navigate diverse market conditions with confidence. By harnessing the power of momentum analysis, this indicator empowers traders to stay ahead of the curve and capitalize on emerging opportunities in the ever-evolving financial markets.
AI Adaptive Money Flow Index (Clustering) [AlgoAlpha]🌟🚀 Dive into the future of trading with our latest innovation: the AI Adaptive Money Flow Index by AlgoAlpha Indicator! 🚀🌟
Developed with the cutting-edge power of Machine Learning, this indicator is designed to revolutionize the way you view market dynamics. 🤖💹 With its unique blend of traditional Money Flow Index (MFI) analysis and advanced k-means clustering, it adapts to market conditions like never before.
Key Features:
📊 Adaptive MFI Analysis: Utilizes the classic MFI formula with a twist, adjusting its parameters based on AI-driven clustering.
🧠 AI-Driven Clustering: Applies k-means clustering to identify and adapt to market states, optimizing the MFI for current conditions.
🎨 Customizable Appearance: Offers adjustable settings for overbought, neutral, and oversold levels, as well as colors for uptrends and downtrends.
🔔 Alerts for Key Market Movements: Set alerts for trend reversals, overbought, and oversold conditions, ensuring you never miss a trading opportunity.
Quick Guide to Using the AI Adaptive MFI (Clustering):
🛠 Customize the Indicator: Customize settings like MFI source, length, and k-means clustering parameters to suit your analysis.
📈 Market Analysis: Monitor the dynamically adjusted overbought, neutral, and oversold levels for insights into market conditions. Watch for classification symbols ("+", "0", "-") for immediate understanding of the current market state. Look out for reversal signals (▲, ▼) to get potential entry points.
🔔 Set Alerts: Utilize the built-in alert conditions for trend changes, overbought, and oversold signals to stay ahead, even when you're not actively monitoring the charts.
How It Works:
The AI Adaptive Money Flow Index employs the k-means clustering machine learning algorithm to refine the traditional Money Flow Index, dynamically adjusting overbought, neutral, and oversold levels based on market conditions. This method analyzes historical MFI values, grouping them into initial clusters using the traditional MFI's overbought, oversold and neutral levels, and then finding the mean of each cluster, which represent the new market states thresholds. This adaptive approach ensures the indicator's sensitivity in real-time, offering a nuanced understanding of market trend and volume analysis.
By recalibrating MFI thresholds for each new data bar, the AI Adaptive MFI intelligently conforms to changing market dynamics. This process, assessing past periods to adjust the indicator's parameters, provides traders with insights finely tuned to recent market behavior. Such innovation enhances decision-making, leveraging the latest data to inform trading strategies. 🌐💥
High Volume AlertThe High Volume Alert Script is developed for all traders focusing on volume analysis in their trading strategies, providing alerts for unusually high trading volumes during specified trading sessions.
Functionality:
Volume Moving Average Calculation:
Average Volume = Moving Average(Volume) = Sum of last the x last candles Volume
Where n is the user-defined period for the moving average calculation (denoted as movingaverageinput in the script. This moving average serves as the baseline to compare current volume levels against historical averages.
High Volume Detection:
HighVolume = CurrentVolume >= (MA(Volume) x HighVolumeRatio)
Here, HighVolumeRatio is a user-defined multiplier that sets the threshold for what is considered high volume. If the current volume exceeds this threshold (the product of the moving average of volume and the HighVolumeRatio ), the script identifies this as a high-volume event.
Session Filtering:
The script further refines these alerts by ensuring they only trigger during the specified trading session, enhancing relevance for traders interested in specific market hours. This session is defined by the sess and timezone parameters.
Visualisation and Alerts:
If high volume is detected (HighVolume = True), the script colors the volume bar with the highVolumeColor . If the option is selected, it also changes the color of the candlestick to either highVolumeCandleColorUp (for bullish candles) or highVolumeCandleColorDown (for bearish candles), depending on the price movement within the high-volume period. An alert is generated through the alertcondition function when high volume is detected during the specified session, notifying the trader of potentially significant market activity.
Application in Trading:
This indicator serves traders who prioritize volume as a leading indicator of potential price movement. High trading volumes may indicate the presence of significant market activity, often associated with events like news releases, market openings, or large trades, which can precede price movements.
Originality and Practicality:
This script is self-developed, aiming to fill the gap in automatic ratio adjusted volume alerts within the TradingView environment.
Conclusion:
The High Volume Alert Script is an essential tool for traders who integrate volume analysis into their strategy, offering tailored alerts and visual cues for high volume periods.
Compliance and Limitations:
The script complies with TradingView scripting standards, ensuring no lookahead bias and maintaining real-time data integrity. However, its utility depends on the availability on volume data, and please be aware that forex pairs never offer real volume data, this tool is best used with a exchange traded symbol.
Volume Breakout [Afnan]Introducing the Relative Volume / Volume Breakout Multiplier (RVI) , RVI is specifically designed for traders who incorporate volume breakout analysis into their trading strategies, particularly breakout traders.
This indicator provides a unique perspective on volume dynamics by quantifying the extent of volume breakouts in relation to the Simple Moving Average (SMA). It offers an upgraded version of the default volume indicator on TradingView, with the added feature of Relative Volume.
For example, if the volume SMA is 100M and the current volume is 200M, the indicator will return a breakout number of 2.0, indicating that the current volume is twice that of the volume SMA. Conversely, if the volume SMA is 100M and the current volume is 50M, the indicator will return a value of 0.50, indicating that the current volume is half of the volume SMA.
This tool can be a very helpful for breakout traders, helping them identify potential trading opportunities and assess volume strength more effectively. this indicator is a must-have in the toolkit of any trader who focuses on volume breakout analysis.
Remember, every tool we use, every analysis we perform, is a step towards becoming better traders. So, let’s embrace this journey of continuous learning and improvement together. As the saying goes, “The only limit to our realization of tomorrow will be our doubts of today." Let’s step into the future with confidence, armed with the right tools and the right mindset.
Lastly, a big thank you for your support, your likes, and your comments. They mean a lot! If you have any questions, feel free to ask. Together, let’s make trading a rewarding experience!
BigBeluga - Smart Money ConceptsSmart Money Concepts (SMC) is a comprehensive toolkit built around the around the principles of "smart money" behavior, which refers to the actions and strategies of institutional investors.
SMC transcends traditional technical analysis by delving deeper into this framework. This approach allows users to decipher the actions of these influential players, anticipate their potential impact on market dynamics, and gain insights beyond just price movements.
This all-in-one toolkit provide the user with a unique experience by automating most of the basic and advanced concepts on the chart, saving them time and improving their trading ideas.
🔹Real-time market structure analysis simplifies complex trends by pinpointing key support, resistance, and breakout levels.
🔹Advanced order block analysis leverages detailed volume data to pinpoint high-demand zones, revealing internal market sentiment and predicting potential reversals. This analysis utilizes bid/ask zones to provide supply/demand insights, empowering informed trading decisions.
🔹Imbalance Concepts (FVG and Breakers) allows traders to identify potential market weaknesses and areas where price might be attracted to fill the gap, creating opportunities for entry and exit
🔹Swing failure patterns help traders identify potential entry points and rejection zones based on price swings
🔹Liquidity Concepts, our advanced liquidity algorithm, pinpoints high-impact events, allowing you to predict market shifts, strong price reactions, and potential stop-loss hunting zones. This gives traders an edger to make informed trading decisions based on multi-timeframe liquidity dynamics
🔶 FEATURES
The indicator has quite a lot of features that are provided below:
Swing market structure
Internal market structure
Mapping structure
Discount/Premium zone
Adjustable market structure
Strong/Weak H&L
Sweep
Volumetric Order block / Breakers
Fair Value Gaps / Breakers (multi-timeframe)
Swing Failure Patterns (multi-timeframe)
Deviation area
Equal H&L
Liquidity Prints
Buyside & Sellside
Sweep Area
Highs and Lows (multi-timeframe)
🔶 BASIC DEMONSTRATION
The preceding image illustrates the market structure functionality within the Smart Money Concepts indicator.
Solid lines: These represent the core indicator's internal structure, forming the foundation for most other components. They visually depict the overall market direction and identify major reversal points marked by significant price movements (denoted as 'x').
Dotted lines: These represent an alternative internal structure with the potential to drive more rapid market shifts. This is particularly relevant when a significant gap exists in the established swing structure, specifically between the Break of Structure (BOS) and the most recent Change of High/Low (CHoCH). Identifying these formations can offer opportunities for quicker entries and potential short-term reversals.
Sweeps (x): These signify potential turning points in the market where liquidity is removed from the structure. This suggests a possible trend reversal and presents crucial entry opportunities. Sweeps are identified within both swing and internal structures, providing valuable insights for informed trading decisions.
🔶 USAGE & EXAMPLES
The image above showcases a detailed example of several features from our toolkit that can be used in conjunction for a comprehensive analysis.
Price rejecting from the bullish order block (POC), while printing inside a bullish SFP and internal structure turning bullish (Internal CHoCH).
The image further demonstrates how two bearish order blocks could potentially act as resistance zones when prices approach those levels. These areas might also offer attractive locations to place take-profit orders.
The price has reached our first take-profit level, but is exhibiting some signs of weakness, suggesting a potential pullback which could put the trade at higher risk.
On the other hand, the price action currently exhibits strong bullish sentiment, suggesting favorable entry points and a potential upward trend.
The price has now fully reached our take-profit zone and is also exhibiting bearish confluence, indicating a potential price reversal or trend shift.
🔶 USING CONFLUENCE
The core principle behind the success of this toolkit lies in identifying "confluence." This refers to the convergence of multiple trading indicators all signaling the same information at a specific point or area. By seeking such alignment, traders can significantly enhance the likelihood of successful trades.
In the image above we can see a few examples of the indicator used in confluence with other metrics included in the toolkit.
Liquidity Prints within order blocks
SFP close to the POC
Sweep in liquidity close to a fair value gaps
These are just a few examples of what applying confluence can look like.
🔶 SETTINGS
Window: limit calculation period
Swing: limit drawing function
Internal: a period of the beginning of the internal structure
Mapping structure: show structural points
Algorithmic Logic: (Extreme-Adjusted) Use max high/low or pivot point calculation
Algorithmic loopback: pivot point look back
Premium / Discount: Lookback period of the pivot point calculation
Show Last: Amount of Order block to display
Hide Overlap: hide overlapping order blocks
Construction: Size of the order blocks
Fair value gaps: Choose between normal FVG or Breaker FVG
Mitigation: (close - wick- avg) point to mitigate the order block/imbalance
SFP lookback: find a higher / lower point to improve accuracy
Threshold: remove less relevant SFP
Equal h&L: (short-mid-long term) display longer term
Any Alert(): Trigger alerts based on the selected inputs
Cumulative Volume Delta (CVD)█ OVERVIEW
Cumulative Volume Delta (CVD) is a volume-based trading indicator that provides a visual representation of market buying and selling pressure by calculating the difference in traded volumes between the two sides. It uses intrabar information to obtain more precise volume delta information than methods using only the chart's timeframe.
Volume delta is the net difference between Buy Volume and Sell Volume. Positive volume delta indicates that buy volume is more than sell volume, and opposite. So Cumulative Volume Delta (CVD) is a running total/cumulation of volume delta values, where positive VD gets added to the sum and negative VD gets subtracted from the sum.
I found simple and fast solution how to calculate CVD, so made plain and concise code, here is CVD function :
cvd(_c, _o, _v) =>
var tcvd = 0.0, delta = 0.0
posV = 0.0, negV = 0.0
totUV = 0.0, totDV = 0.0
switch
_c > _o => posV += _v
_c < _o => negV -= _v
_c > nz(_c ) => posV += _v
_c < nz(_c ) => negV -= _v
nz(posV ) > 0 => posV += _v
nz(negV ) < 0 => negV -= _v
totUV += posV
totDV += negV
delta := totUV + totDV
cvd = tcvd + delta
tcvd += delta
cvd
where _c, _o, _v are close, open and volume of intrabar much lower timeframe.
Indicator uses intrabar information to obtain more precise volume delta information than methods using only the chart's timeframe.
Intrabar precision calculation depends on the chart's timeframe:
CVD is good to use together with open interest, volume and price change.
For example if CVD is rising and price makes good move up in short period and volume is rising and open interest makes good move up in short period and before was flat market it is show big chance to pump.
VEMA_LTFVEMA indicator is based on lower time frame volume data and it has 3 lines.
20, 50, 100 moving averages of the close price in each candle with the highest volume.
Effectively working fine and hence sharing.
Will Add more information with examples in next update
RVOL++Overview
RVOL++ is a valuable tool for intraday traders to gauge market participation and anticipate the pace of the market. By understanding the RVOL levels, traders can adjust their strategies and expectations to align with the current market conditions. RVOL is a simple mathematical formula that compares the current volume to a prior lookback period, such as the previous 5 days or previous 10 days. This indicator helps traders understand the level of interest or participation in the market, which in turn can indicate the speed or pace of the market.
How to calculate RVOL at Time
Check if the current time is within the specified time period (e.g., 9:30 AM to 5:00 PM EST).
If it is, calculate the current cumulative volume for that period.
Find the average cumulative volume for the same period over the past X days (where X is the lookback period).
Calculate the RVOL at Time as:
RVOL at Time =(Current Cumulative Volume/Average Cumulative Volume)×100
For more info about calculating RVOL at time please refer to the Tradingview article.
www.tradingview.com
Key Features of RVOL++
Two Session and Daily Modes: In Two Session mode, it calculates RVOL for two distinct trading sessions, while in Daily mode, it calculates RVOL for the entire trading day. Two Session mode helps for instruments like futures, forex, crypto that trade 23+ hours. If you are using an instrument such as a stock like AAPL, if you don't have pre-market/extended hours enabled you will want to use "Daily Mode".
Session Time Settings: The indicator allows users to define the trading session times in Eastern Standard Time (EST) for more accurate RVOL calculations.
Customizable Lookback Period: Users can set the number of days for the lookback period, allowing for flexibility in calculating the average volume at time (RVOL).
Color-Coded RVOL Histogram: The indicator displays a color-coded histogram to visualize RVOL levels. Different colors represent different RVOL ranges, making it easy to identify low, neutral, and high RVOL periods.
RVOL Ranges**: The indicator defines RVOL ranges as follows:
40 - 80: Low RVOL (Red/Yellow)
80 - 120: Neutral RVOL (Blue/Cyan)
120+: High RVOL (Green-Lime)
Low RVOL Environment
Expect slow market movement with limited opportunities.
Focus on A+ setups and be selective.
Use tighter stops, size down, and adjust trading goals.
Neutral RVOL Environment
Expect a more normalized trading pace with frequent rotations.
Lean on structure and incorporate other trading tools.
Use normal sizing and stop management.
High RVOL Environment
Expect the best opportunities for range expansion and rotations.
Be more relaxed about overtrading but stay focused on structure.
Start with smaller initial size and build up to a full position.
Volume Spike IndicatorHello dear traders,
Today we're discussing an indicator I've coded: the Volume Spike Indicator (VSI).
The indicator isn't a groundbreaking invention and certainly not a novelty. Nevertheless, I haven't seen this version of the indicator on TradingView before, so I'd like to introduce it.
1. The Origin of the Idea:
We're all familiar with volume charts: A volume chart visually represents the trading activity for a specific asset over a certain period, indicating the total number of shares or contracts traded.
We also know that volume spikes can significantly impact the market. A volume spike represents an extreme anomaly, a day, week, or month with an extraordinary amount of trading. However, recognizing these spikes in practice isn't always straightforward. What constitutes high volume? How do we define and identify it? The answers to these questions aren't easy.
It's commonly said that a volume spike could be identified if the volume is 25% more than the average of the two weeks prior, but how do you measure this 25%? It's not always easy to calculate, especially in real-time.
This challenge led me to develop the concept into an indicator.
How Does It Work?
Imagine being able to "feel" the market's energy like a surfer feels the ocean. The VSI does something similar by examining trading volume and comparing it to what has been typical over the past few weeks. Here's a quick look at the magic behind it:
Step 1: Establishing the Baseline: We start by establishing a baseline, i.e., the average trading volume over a given period. Let's use the last 10 days as the default setting. We choose 10 days because, in the traditional stock market, 10 days represent two weeks if you subtract weekends. This gives us a fixed line to compare against.
Step 2: Recognizing Peaks: Next, we look for days when the trading volume significantly exceeds this average. The size of the jump is where you have a say. You can set a threshold, such as 25%, to define what you consider a volume spike.
Step 3: The Calculation: This is where the math comes into play. We calculate the percentage change in today's volume compared to the average volume of the last 10 days. For example, if today's volume is 30% above the average and you've set your threshold at 25%, the VSI will recognize this as a spike.
Step 4: Visual Cue: These spikes are then plotted on a graph, with each spike represented as a bar. The height of the bar indicates the spike's percentage size, so you can see at a glance how significant a spike is.
Step 5: Intuitive Color Coding: For quick analysis, the VSI employs a color-coding system. Exceptionally high peaks, such as those exceeding a 100% increase, are highlighted in blue to emphasize their importance. Other peaks are shown in red, creating a visual hierarchy for quick volume data interpretation.
Why This Matters:
Identifying these spikes can help pinpoint the beginning or end of a trend. The idea is that when trading peaks at a certain level, there might be no more buyers or sellers willing to engage at that price level. Volume peaks, and a reversal is likely imminent. It's a simple yet effective concept. Therefore, it's crucial to use this indicator in the context of the trend, as not every spike carries the same significance.
Customizable:
The beauty of the VSI lies in its flexibility. Trading futures? You might want to adjust the averaging period to 14 days to better suit your market. You have full control over the settings to tailor them to your trading style.
Interpreting the Figures:
A positive percentage indicates a volume spike above the average – the higher the percentage, the more significant the spike.
If the percentage exceeds a certain threshold (which you can set, e.g., 25%), it signals a volume spike, indicating increased market activity that could precede significant price movement.
What makes the VSI genuinely adaptable is your ability to tweak the parameters to suit your needs.
Are you trading in a volatile market? Extend the SMA period to smooth out the noise. Trading in a 24-hour market? Adjust the length of your SMA. Seeking finer details? Shorten it. The VSI is yours to adapt to your trading strategy.
---------------------------------------------------------------------------------------------------------------------
As we wrap up this introduction to the Volume Spike Indicator, I hope you're as excited about its potential as I am. This tool, born out of curiosity and a desire for clarity in the vast ocean of market data, is designed to be your ally in navigating the waves of trading activity.
Remember, the true power of the VSI lies not just in its ability to highlight significant volume spikes, but in its adaptability to your unique trading style and needs. Whether you're charting courses through the tumultuous seas of day trading or navigating the broader currents of long-term investments, the VSI is here to offer insights and guidance.
I encourage you to experiment with it, customize it, and see how it can enhance your trading strategy. And as you do, remember that every tool, no matter how powerful, is just one piece of the puzzle. Combine the VSI with your knowledge, experience, and intuition to make informed and strategic trading decisions.
Thank you for taking the time to explore the Volume Spike Indicator with me.
Best Regards,
Karim Subhieh
Volume Flow Oscillator (VFO)I created the Volume Flow Oscillator (VFO) to explore the intricate interplay between volume and price movements over a specific lookback period. This tool contrasts volumes that move in sync with the price against those that move in opposition, signaling potential overbought or oversold territories. To determine the direction, I compare the current price to its value four periods back, shedding light on underlying bullish or bearish momentum. The VFO enriches my analysis and decision-making by offering a detailed perspective on how volume trends correlate with price changes. Its color-coded visuals are crucial for highlighting optimal trading points based on volume dynamics.
Time Relative Volume Oscillator | Flux Charts💎 GENERAL OVERVIEW
The relative volume indicator aims to improve upon the default existing relative volume indicator by comparing volumes between previous trading sessions rather than previous candles. As such, it works best on lower time frames as there is more data to compare with. The purpose of the indicator is to show how the current bar’s volume compares to the volume at the same time on previous trading days.
There exists a couple different modes and combinations that each provide a different perspective on the trading volume.
Oscillator mode
Oscillator mode starts with the same relative volume calculation, but adds two EMAs of different lengths that diverge and converge. Like the MACD, it plots the difference as a histogram. This functions as an easy way to view when relative volume is increasing or decreasing.
How to use:
The oscillator oscillates between -1 and 1. It moves along with volume direction, so this mode can be used to view the current volume direction in a lagging fashion. In oscillating markets, this indicator can give an idea of how buy/sell volume is moving and where it currently stands. Small arrows mark where reversals are predicted, when the histogram crosses over 0. The biggest pitfall of this mode is that, in a straight trending market, the two EMAs converge and it gives a false reversal signal.
Delta mode
Delta volume mode is a step up from the buy/sell volume mode. It separates both sides into the top and bottom, while also displaying the actual volume behind it in a semi transparent overlay. The best feature, however, is the delta oscillator. This oscillator fluctuates depending on how buy/sell volume is changing and plots bullish/bearish labels when the dominant side (bullish/bearish) changes. The signals, while a bit common, can sometimes dictate large direction changes, started by a dominant volume switch.
On top of different display modes, there is also one more volume mode: buy/sell volume. Instead of only showing the total volume and relative volume, it calculates and separates buying and selling volume.
This volume mode displays differently in all three viewing modes, but the basic principle is the same. It adds a vital piece of information to the chart without adding clutter. The calculation for buy/sell volume uses the candle wicks and body to compare bullish and bearish movement.
Classic mode
Classic mode takes the default volume indicator and improves upon it by also displaying the relative volume on top of the actual volume. Relative volume is calculated similarly between the three display modes: simply by comparing the current bar’s volume to the volume at the same time during previous trading days. Classic mode displays this “relative volume” as well as a simple EMA over top of the actual trading volume.
Originality
The script improves upon the existing relative volume indicator by using previous trading days rather than previous candles to generate the relative volume. On top of that, the calculation methods are unique, using different formulas like variations of the sigmoid function to smooth noise. The main issue this script aims to fix is that towards the start or end of the day relative volume indicators all see spikes as volume grows into close. The new relative volume calculations fix this problem and show what the “true” relative volume is because they compare the current bar to the “same” bar on previous trading sessions.
Volume Explosion [ProjeAdam]OVERVIEW
The purpose of the indicator is to detect significant changes in trading volume in financial markets.
USER GUIDE:
The user can change the sensitivity of the indicator by adjusting the multiplier value. The higher the multiplier, the harder it is to detect high volume bars.
The multiplier set by the user determines how much a move above the volume values is considered an "explosion". A higher multiplier results in fewer volume bursts being detected.
ALGORITHM
LANGUAGE
We have two different language options in our indicator. Users can use it in Turkish or English.
If we change the language option on our indicator, the language on our indicator that shows the upper and average level of our Band changes.
CALCULATING EXPLOSIONS
The indicator calculates the simple moving average of volume over a certain period of time. This average is used to identify abnormal movements by comparing it with the current volume.
If the current volume is higher than a certain multiple of the moving average, this is considered a volume burst. This indicates significant activity in the market.
ALARMS
We can change the parity for which we want to receive an alarm from the settings panel and ensure that we receive an alarm at the parity we want.
VİSUALİZATİON
When an alarm occurs in our parities, a separate indicator appears at the bottom right of the chart showing which parities the alarm is triggered in.
If there is no signal in the next bar, this table is automatically deleted.
Example
We understand that we have excessive volume in the two bars in our example and that interest in this financial product has increased in this region.
Benefits
This indicator is especially useful for traders who care about volume changes.
This indicator can be used as a helpful tool in trading decisions, as sudden increases in volume can be the beginning of a significant move in the market.
If you have any ideas what to add to my work to add more sources or make calculations cooler, suggest in DM .
Standardized Orderflow [AlgoAlpha]Introducing the Standardized Orderflow indicator by AlgoAlpha. This innovative tool is designed to enhance your trading strategy by providing a detailed analysis of order flow and velocity. Perfect for traders who seek a deeper insight into market dynamics, it's packed with features that cater to various trading styles. 🚀📊
Key Features:
📈 Order Flow Analysis: At its core, the indicator analyzes order flow, distinguishing between bullish and bearish volume within a specified period. It uses a unique standard deviation calculation for normalization, offering a clear view of market sentiment.
🔄 Smoothing Options: Users can opt for a smoothed representation of order flow, using a Hull Moving Average (HMA) for a more refined analysis.
🌪️ Velocity Tracking: The indicator tracks the velocity of order flow changes, providing insights into the market's momentum.
🎨 Customizable Display: Tailor the display mode to focus on either order flow, order velocity, or both, depending on your analysis needs.
🔔 Alerts for Critical Events: Set up alerts for crucial market events like crossover/crossunder of the zero line and overbought/oversold conditions.
How to Use:
1. Setup: Easily configure the indicator to match your trading strategy with customizable input parameters such as order flow period, smoothing length, and moving average types.
2. Interpretation: Watch for bullish and bearish columns in the order flow chart, utilize the Heiken Ashi RSI candle calculation, and look our for reversal notations for additional market insights.
3. Alerts: Stay informed with real-time alerts for key market events.
Code Explanation:
- Order Flow Calculation:
The core of the indicator is the calculation of order flow, which is the sum of volumes for bullish or bearish price movements. This is followed by normalization using standard deviation.
orderFlow = math.sum(close > close ? volume : (close < close ? -volume : 0), orderFlowWindow)
orderFlow := useSmoothing ? ta.hma(orderFlow, smoothingLength) : orderFlow
stdDev = ta.stdev(orderFlow, 45) * 1
normalizedOrderFlow = orderFlow/(stdDev + stdDev)
- Velocity Calculation:
The velocity of order flow changes is calculated using moving averages, providing a dynamic view of market momentum.
velocityDiff = ma((normalizedOrderFlow - ma(normalizedOrderFlow, velocitySignalLength, maTypeInput)) * 10, velocityCalcLength, maTypeInput)
- Display Options:
Users can choose their preferred display mode, focusing on either order flow, order velocity, or both.
orderFlowDisplayCond = displayMode != "Order Velocity" ? display.all : display.none
wideDisplayCond = displayMode != "Order Flow" ? display.all : display.none
- Reversal Indicators and Divergences:
The indicator also includes plots for potential bullish and bearish reversals, as well as regular and hidden divergences, adding depth to your market analysis.
bullishReversalCond = reversalType == "Order Flow" ? ta.crossover(normalizedOrderFlow, -1.5) : (reversalType == "Order Velocity" ? ta.crossover(velocityDiff, -4) : (ta.crossover(velocityDiff, -4) or ta.crossover(normalizedOrderFlow, -1.5)) )
bearishReversalCond = reversalType == "Order Flow" ? ta.crossunder(normalizedOrderFlow, 1.5) : (reversalType == "Order Velocity" ? ta.crossunder(velocityDiff, 4) : (ta.crossunder(velocityDiff, 4) or ta.crossunder(normalizedOrderFlow, 1.5)) )
In summary, the Standardized Orderflow indicator by AlgoAlpha is a versatile tool for traders aiming to enhance their market analysis. Whether you're focused on short-term momentum or long-term trends, this indicator provides valuable insights into market dynamics. 🌟📉📈
Volume-Trend Sentiment (VTS) [AlgoAlpha]Introducing the Volume-Trend Sentiment by AlgoAlpha, a unique tool designed for traders who seek a deeper understanding of market sentiment through volume analysis. This innovative indicator offers a comprehensive view of market dynamics, blending volume trends with price action to provide an insightful perspective on market sentiment. 🚀📊
Key Features:
1. 🌟 Dual Trend Analysis: This indicator combines the concepts of price movement and volume, offering a multi-dimensional view of market sentiment. By analyzing the relationship between the closing and opening prices relative to volume, it provides a nuanced understanding of market dynamics.
2. 🎨 Customizable Settings: Flexibility is at the core of this indicator. Users can adjust various parameters such as the length of the volume trend, standard deviation, and SMA length, ensuring a tailored experience to match individual trading strategies.
3. 🌈 Visual Appeal: With options to display noise, the main plot, and background colors, the indicator is not only informative but also visually engaging. Users can choose their preferred colors for up and down movements, making the analysis more intuitive.
4. ⚠️ Alerts for Key Movements: Stay ahead of market changes with built-in alert conditions. These alerts notify traders when the Volume-Trend Sentiment crosses above or below the midline, signaling potential shifts in market momentum.
How It Works:
The core of the indicator is the calculation of the Volume-Trend Sentiment (VTS). It is computed by subtracting a double-smoothed Exponential Moving Average (EMA) of the price-volume ratio from a single EMA of the same ratio. This method highlights the trend in volume relative to price changes.
volumeTrend = ta.ema((close - open) / volume, volumeTrendLength) - ta.ema(ta.ema((close - open) / volume, volumeTrendLength), volumeTrendLength)
To manage volatility and noise in the volume trend, the indicator employs a standard deviation calculation and a Simple Moving Average (SMA). This smoothing process helps in identifying the true underlying trend by filtering out extreme fluctuations.
standardDeviation = ta.stdev(volumeTrend, standardDeviationLength) * 1
smoothedVolumeTrend = ta.sma(volumeTrend / (standardDeviation + standardDeviation), smaLength)
A unique feature is the dynamic background color, which changes based on the sentiment level. This visual cue instantly communicates the market's bullish or bearish sentiment, enhancing the decision-making process.
getColor(volumeTrendValue) =>
sentimentLevel = math.abs(volumeTrendValue * 10)
baseTransparency = 60 // Base transparency level
colorTransparency = math.max(90 - sentimentLevel * 5, baseTransparency)
volumeTrendValue > 0 ? color.new(upColor, colorTransparency) : color.new(downColor, colorTransparency)
bgcolor(showBackgroundColor ? getColor(smoothedVolumeTrend) : na)
In summary, the Volume-Trend Sentiment by AlgoAlpha is a comprehensive tool that enhances market analysis through a unique blend of volume and price trends. Whether you're a seasoned trader or just starting out, this indicator offers valuable insights into market sentiment and helps in making informed trading decisions. 📈📉🔍🌐
Volume Profile [TFO]This indicator generates Volume Profiles from which to display insights about recent Volume Points of Control and High Volume Nodes. Volume Profile is a way to view trading volume by the price where trades have occurred, rather than the time when they occur (as seen by traditional Volume indicators).
By selecting a Resolution Timeframe (1m in this example), we can aggregate the volume at different prices to build a Volume Profile for a specified Profile Timeframe (1D in this example). In this indicator, we make the simple assumption that a given candle's volume is distributed evenly across all points. Realistically, this is seldom the case, but it gives us a starting point to easily estimate the volume at a given price, in turn helping us to build our profiles in a trivial way.
If we do this for all Resolution Timeframe candles within a Profile Timeframe (all 1m candles in a single 1D candle, in this example), then we can successfully aggregate this data and build a full Volume Profile. And thankfully, Pine Script's new polyline feature ultimately allow us to keep more Volume Profiles on our charts. Before polylines, we would have to consider using lines or boxes to represent the individual levels within a given profile, and each script currently has a cap of 500 lines and boxes, respectively. However, one single polyline can be used to draw the complex shape of an entire profile, and we may show up to 100 polylines in a given script. This helps us keep a lot more data on our charts!
Compared to TradingView's Session Volume Profile indicator (blue/yellow), we can see that our indicator (grey) is nearly identical, which verifies that our assumption of a uniform volume distribution is enough to roughly estimate a given Volume Profile. Note in this example the Row Size was set to 200, meaning that 200 levels are used to approximate profiles from each session's high to its low.
Show VPOC will show the volume point of control of each profile, which represents the price level where the largest amount of volume was traded for a given profile. This is shown with the red lines in the following chart.
Extend Last N VPOCs will look for the most recent, user-defined number of VPOCs (not including the current session's VPOC that's still developing) and extend them to the right of the chart as points of reference. The Show Labels Above option will annotate each VPOC with its respective date above a specified timeframe. This way, if one was using Volume Profiles on intraday timeframes, there wouldn't need to be several date strings all showing the same day.
Show Previous HVNs will show high volume nodes from the previous session. The HVN Strength setting is similar to a "pivot strength" that I use in a lot of my scripts - essentially, HVNs are validated by treating them as local highs. With a HVN Strength of 10 for example, if a given level contains more volume than the 10 levels above and below it, then it is validated as a HVN.
For a cleaner look and feel, HVNs can instead be shown as levels (lines) instead of areas (boxes). With levels enabled, solid lines denote the previous session's VPOC, and dotted lines represent all other HVNs. With areas enabled instead, the tops and bottoms will extend above/below the HVN level until a point with greater volume is discovered (marking the "end" of the node).
This indicator can be computationally intensive and may crash from taking too long to execute. In these cases, it's best to disable unused features, decrease the number of Rows, and/or simply reload the chart until it populates.
BTC ETF VolumesVolume
This script plots the trading volume of all BTC spot ETFs as well as the aggregate volume. Works on any chart and any timeframe.
Indicators
The volume of every ETF is plotted in a different color, with the total column adding up to the aggregate volume.
If you have price and indicator labels enabled you will also see individual ETF volume on your price scale on the right hand side.
If more BTC ETFs get launched I will add them.
Volume Candle DistributionThe Volume Candle Distribution (VCD) indicator examines the volume distribution across candle type, distinguishes between neutral, bullish and bearish volume pressures.
The VCD indicator calculates and displays the cumulative volume of bullish and bearish candles over a user-defined period, aggregates the volumes of bullish and bearish candles separately and plots them.
Bullish Volume : This is accumulated when the closing price of a candle is higher than the opening price, the VCD adds up the volume of bullish candle within the user-defined period, and consequently subtracts the volume when bearish candle.
Bearish Volume : Conversely, when the closing price is lower than the opening price, the volume of that candle is considered bearish, the VCD sums the volume of bearish candles over the same period, and consequently subtracts the volume when bullish candle.
Neutral Volume : In cases where the opening and closing prices are equal, the volume of that candle is treated as neutral, and the VCD subtracts the volume from both candles.
The 3 Simple Moving Average (SMAs) included is based volume calculated separately for both bullish and bearish volume data, and the sum of them.
