RSI + MFI Momentum Mapper - CoffeeKillerRSI + MFI Momentum Mapper - CoffeeKiller Indicator Guide
Welcome traders! This guide will walk you through the RSI + MFI Momentum Mapper indicator, an innovative market analysis tool developed by CoffeeKiller that combines two powerful oscillators to create a comprehensive momentum visualization system.
🔔 **Warning: This Is Not a Standard RSI or MFI Indicator** 🔔 This indicator combines and normalizes RSI and MFI data to create a unified momentum representation with boundary detection and peak signaling features.
Core Concept: Combined Momentum Analysis
The foundation of this indicator lies in merging the strengths of two complementary oscillators - Relative Strength Index (RSI) and Money Flow Index (MFI) - to provide a more robust momentum signal that accounts for both price action and volume.
Directional Columns: Momentum Strength
- Positive Green Columns: Bullish momentum
- Negative Red Columns: Bearish momentum
- Color intensity varies based on momentum strength
- Special coloring for new high/low boundaries
Marker Lines: Dynamic Support/Resistance
- High Marker Line (Magenta): Tracks the highest point reached during a bullish phase
- Low Marker Line (Cyan): Tracks the lowest point reached during a bearish phase
- Creates visual boundaries showing momentum extremes
Peak Detection System:
- Triangular markers identify significant local maxima and minima
- Background highlighting shows important momentum peaks
- Helps identify potential reversal points and momentum exhaustion
Reference Lines:
- Zero Line (Gray): Divides bullish from bearish momentum
- High Line (+1): Upper threshold for extremely bullish conditions
- Low Line (-1): Lower threshold for extremely bearish conditions
Core Components
1. Oscillator Normalization
- RSI and MFI values centered around zero
- Values scaled to create consistent visualization
- Normalized range typically between -1 and +1
- Combination of indicators for signal reliability
2. Boundary Tracking System
- Automatic detection of highest values in bullish phases
- Automatic detection of lowest values in bearish phases
- Step-line visualization of boundaries
- Color-coded for easy identification
3. Peak Detection System
- Identification of local maxima and minima
- Background highlighting of significant peaks
- Triangle markers for peak visualization
- Zero-line cross detection for trend changes
4. Signal Smoothing
- Signal line calculation via SMA
- Helps filter noise and identify trends
- Provides confirmation of momentum direction
Main Features
Oscillator Settings
- Customizable RSI length for sensitivity control
- Customizable MFI length for sensitivity control
- Normalized display for consistent visualization
- Signal smoothing for clearer readings
Visual Elements
- Color-coded columns showing momentum direction and strength
- Dynamic marker lines for momentum boundaries
- Peak triangles for significant turning points
- Background highlighting for peak identification
- Reference lines for momentum threshold levels
Signal Generation
- Zero-line crosses for trend change signals
- Boundary breaks for momentum strength
- Peak formation for potential reversals
- Color changes for momentum direction and acceleration
Customization Options
- RSI and MFI length parameters
- Marker line visibility and colors
- Peak marker color selection
- Peak background display options
Trading Applications
1. Trend Identification
- Directional line crossing above zero: bullish trend beginning
- Directional line crossing below zero: bearish trend beginning
- Column color: indicates momentum direction
- Column height: indicates momentum strength
2. Reversal Detection
- Peak triangles after extended trend: potential exhaustion
- Background highlighting: significant reversal points
- Directional line approaching marker lines: potential trend change
- Color shifts from bright to muted: decreasing momentum
3. Momentum Analysis
- Breaking above previous high boundary: accelerating bullish momentum
- Breaking below previous low boundary: accelerating bearish momentum
- Special coloring (magenta/cyan): boundary breaks indicating strength
- Approaching +1/-1 lines: extreme momentum conditions
4. Market Structure Assessment
- Consecutive higher peaks: strengthening bullish structure
- Consecutive lower troughs: strengthening bearish structure
- Peak comparisons: relative strength of momentum phases
- Boundary line steps: market structure levels
Optimization Guide
1. Oscillator Settings
- RSI Length: Default 14 provides balanced signals
- Lower values (7-10): More responsive, potentially noisier
- Higher values (20-30): Smoother, fewer false signals
- MFI Length: Default 14 provides balanced signals
- Lower values: More responsive to volume changes
- Higher values: Less sensitive to short-term volume spikes
2. Visual Customization
- Marker Line Colors: Adjust for visibility on your chart
- Peak Marker Color: Default yellow provides good contrast
- Enable/disable background highlights based on preference
- Consider chart background when selecting colors
3. Signal Interpretation
- Stronger signals: When directional line approaches +1/-1
- Confirmation: When peaks form after extended momentum
- Early warnings: When color intensity changes before direction
- Trend strength: Distance between zero line and current reading
4. Reference Line Usage
- Zero line: Primary trend divider
- +1/-1 lines: Extreme momentum thresholds
- Marker lines: Dynamic support/resistance levels
- Distance from reference: Momentum strength measure
Best Practices
1. Signal Confirmation
- Wait for zero-line crosses to confirm trend changes
- Look for peak formations to identify potential reversals
- Check for boundary breaks to confirm strong momentum
- Use with price action for entry/exit precision
2. Timeframe Selection
- Lower timeframes: more signals, potential noise
- Higher timeframes: cleaner signals, less frequent
- Multiple timeframes: confirm signals across time horizons
- Match to your trading style and holding period
3. Market Context
- Strong bullish phase: positive columns breaking above marker line
- Strong bearish phase: negative columns breaking below marker line
- Columns approaching zero: potential trend change
- Columns approaching +1/-1: extreme conditions, potential reversal
4. Combining with Other Indicators
- Use with trend indicators for confirmation
- Pair with other oscillators for divergence detection
- Combine with volume analysis for validation
- Consider support/resistance levels with boundary lines
Advanced Trading Strategies
1. Boundary Break Strategy
- Enter long when directional line breaks above previous high marker line
- Enter short when directional line breaks below previous low marker line
- Use zero-line as initial stop-loss reference
- Take profits at formation of opposing peaks
2. Peak Trading Strategy
- Identify significant peaks with triangular markers
- Look for consecutive lower peaks in bullish phases for shorting opportunities
- Look for consecutive higher troughs in bearish phases for buying opportunities
- Use zero-line crosses as confirmation
3. Extreme Reading Strategy
- Look for directional line approaching +1/-1 lines
- Watch for color changes and peak formations
- Enter counter-trend positions after confirmed peaks
- Use tight stops due to extreme momentum conditions
4. Column Color Strategy
- Enter long when columns turn bright green (increasing momentum)
- Enter short when columns turn bright red (increasing momentum)
- Exit when color intensity fades (decreasing momentum)
- Use marker lines as dynamic support/resistance
Practical Analysis Examples
Bullish Market Scenario
- Directional line crosses above zero line
- Green columns grow in height and intensity
- High marker line forms steps upward
- Peak triangles appear at local maxima
- Background highlights appear at significant momentum peaks
Bearish Market Scenario
- Directional line crosses below zero line
- Red columns grow in depth and intensity
- Low marker line forms steps downward
- Peak triangles appear at local minima
- Background highlights appear at significant momentum troughs
Consolidation Scenario
- Directional line oscillates around zero line
- Column colors alternate frequently
- Marker lines remain relatively flat
- Few or no new peak highlights appear
- Directional values remain small
Understanding Market Dynamics Through RSI + MFI Momentum Mapper
At its core, this indicator provides a unique lens to visualize market momentum by combining two complementary oscillators:
1. Combined Strength: By averaging RSI (price-based) and MFI (volume-based), the indicator provides a more comprehensive view of market momentum that considers both price action and buying/selling pressure.
2. Normalized Scale: The indicator normalizes values around zero, making it easier to identify bullish vs bearish conditions and the relative strength of momentum in either direction.
3. Dynamic Boundaries: The marker lines create a visual representation of the "high water marks" of momentum in both directions, helping to identify when markets are making new momentum extremes.
4. Exhaustion Signals: The peak detection system highlights moments where momentum has reached a local maximum or minimum, often precursors to reversals or consolidations.
Remember:
- Combine signals from directional line, marker lines, and peak formations
- Use appropriate timeframe settings for your trading style
- Customize the indicator to match your visual preferences
- Consider market conditions and correlate with price action
This indicator works best when:
- Used as part of a comprehensive trading system
- Combined with proper risk management
- Applied with an understanding of current market conditions
- Signals are confirmed by price action and other indicators
DISCLAIMER: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.
볼륨
ATR from VWAP📌 ATRs from VWAP – Intraday Volatility Tracker
This script measures how far price is from VWAP in ATR units, helping traders assess short-term overextension and reversion potential.
🔹 Key Features:
✅ ATR Distance from VWAP – Calculates how many ATRs the price is from the VWAP.
✅ Dynamic Table Display – Shows ATR distance in real-time for quick decision-making.
✅ Intraday Focus – Designed for scalpers and day traders using minutes or hourly timeframes.
📊 How to Use:
Look for price moving away from VWAP to identify extended moves.
Use as a reversion signal when price deviates too far from VWAP.
Dual Volume Divergence LineDual Volume Divergence Line (DVD/Line)
🔹 Overview
The Dual Volume Divergence Line (DVD/Line) is a custom Pine Script™ indicator designed to identify potential trend reversals and continuations by analyzing volume and price divergences. This script is inspired by the original concept of the Dual Volume Divergence Index (DVDI) by DonovanWall and has been modified and enhanced by keremertem. Special thanks to DonovanWall for the original concept. The indicator combines volume-based calculations with price action to generate signals for bullish and bearish divergences, both normal and hidden. Below is a detailed breakdown of its components and functionality.
🔹 Key Features of the DVD/Line Indicator
1. Dual Volume Divergence Calculation:
- The indicator calculates two primary volume-based indices: the Positive Volume Index (PVI) and the Negative Volume Index (NVI).
- PVI measures the impact of volume on price when the price increases, while NVI measures the impact when the price decreases.
- These indices are used to detect divergences between volume and price, which can signal potential reversals or continuations.
2. Customizable Inputs:
- DVD Sampling Period: Adjusts the sensitivity of the indicator by controlling the lookback period for calculating the volume-weighted moving averages (VWMA) of PVI and NVI.
- Band Width: Defines the range for calculating the upper and lower bands, which act as dynamic support and resistance levels.
- Source: Allows users to select the price source (e.g., `hlc3`, `close`, etc.) for calculations.
3. Volume-Weighted Moving Averages (VWMA):
- Instead of using traditional moving averages, the script employs VWMA to smooth the PVI and NVI signals. This ensures that the indicator is more responsive to changes in volume.
4. Upper and Lower Bands:
- The upper and lower bands are calculated using the Root Mean Square (RMS) of the highest and lowest values of the DVD line over a user-defined period. These bands help identify overbought and oversold conditions.
5. Divergence Detection:
- The script identifies four types of divergences:
- Normal Bullish Divergence: Occurs when price makes a lower low, but the DVD line makes a higher low.
- Hidden Bullish Divergence: Occurs when price makes a higher low, but the DVD line makes a lower low.
- Normal Bearish Divergence: Occurs when price makes a higher high, but the DVD line makes a lower high.
- Hidden Bearish Divergence: Occurs when price makes a lower high, but the DVD line makes a higher high.
- These divergences are visually highlighted on the chart using labels.
6. Customizable Divergence Selection:
- Users can choose between two types of divergence calculations:
- DVDI: Based on the raw divergence values.
- DVD Line: Based on the smoothed DVD line.
7. Visual Enhancements:
- The DVD line is plotted with a color-coded scheme: blue when the DVD line is above its signal line (bullish) and pink when it is below (bearish).
- The upper and lower bands are displayed as step lines, making it easier to identify key levels.
🔹 How the Indicator Works
1. Volume-Based Calculations:
- The script starts by calculating the PVI and NVI based on the selected price source and volume data.
- PVI increases when the price rises, while NVI decreases when the price falls. These indices are then smoothed using VWMA to generate signals.
2. DVD Line Calculation:
- The DVD line is derived by combining the divergences of PVI and NVI. It is further smoothed using a Weighted Moving Average (WMA) and a linear regression line for trend analysis.
3. Divergence Detection:
- The script identifies pivot points in the DVD line and compares them with price action to detect divergences.
- Normal divergences indicate potential reversals, while hidden divergences suggest trend continuations.
4. Dynamic Bands:
- The upper and lower bands are calculated using RMS, which provides a more accurate representation of volatility compared to standard deviation or fixed-width bands.
5. Labeling:
- Divergences are labeled directly on the chart with clear text and color coding:
🟢 Bullish Divergence: Green label with "Bull".
🟩 Bearish Divergence: Red label with "Bear".
🔴 Hidden Bullish Divergence: Lime label with "hid.".
🟧 Hidden Bearish Divergence: Orange label with "hid.".
🔹 Unique Aspects of This Script
1. Volume-Weighted Smoothing:
- Unlike traditional divergence indicators that rely on simple moving averages, this script uses VWMA and WMA to ensure that volume plays a significant role in signal generation.
2. Dynamic Bands with RMS:
- The use of RMS for calculating bands provides a more adaptive and accurate representation of market conditions, especially in volatile markets.
3. Flexible Divergence Selection:
- Users can choose between raw divergence values (DVDI) or smoothed values (DVD Line), allowing for greater customization based on trading style.
4. Comprehensive Divergence Detection:
- The script detects both normal and hidden divergences, providing a complete picture of potential trend reversals and continuations.
5. User-Friendly Visuals:
- The color-coded DVD line and cross-style bands make it easy to interpret the indicator at a glance.
🔹 How to Use the Indicator
1. Trend Identification:
- Use the Middle Band and its color to identify the current trend. A green line suggests bullish momentum, while a red line indicates bearish momentum. Additionally, a bullish momentum may be indicated when the DVD line crosses up, and a bearish momentum may be indicated when it crosses down the Middle Band.
2. Divergence Trading:
- Look for divergences between the DVD line and price action. Normal divergences can be used for counter-trend trades, while hidden divergences can confirm trend continuations.
3. Band Breakouts:
- Monitor the upper and lower bands for potential breakout or reversal signals. A break above the upper band may indicate overbought conditions, while a break below the lower band may suggest oversold conditions.
4. Customization:
- Adjust the sampling period and band width to suit different timeframes and trading strategies. Shorter periods are more sensitive, while longer periods provide smoother signals.
🔹 Conclusion
The Dual Volume Divergence Line (DVD/Line) is a powerful and versatile indicator that combines volume analysis with price action to generate actionable trading signals. Its unique use of volume-weighted smoothing, dynamic bands, and comprehensive divergence detection sets it apart from traditional divergence indicators. Whether you're a day trader or a long-term investor, this tool can help you identify high-probability trading opportunities with greater accuracy and confidence.
📌 Disclaimer: This script is for educational purposes only and does not constitute financial advice. Always conduct your own analysis before making trading decisions.
Intraday Volume Indicator for INDICES by TBTPH Pine Script code for an intraday volume indicator with session and lunch break highlights looks great! Here’s a summary of what each part of the script does:
Indicator Settings:
The indicator is set to show on a separate pane (overlay=false).
The SMA Length is adjustable with an input box (default of 20).
Volume and SMA Calculation:
You calculate the Simple Moving Average (SMA) of the volume over the selected length.
The volume color is determined based on whether the close price is higher or lower than the previous close and if the volume is above or below the SMA.
Volume Plot:
Volume is plotted as a histogram with different colors to indicate if the volume is higher or lower than the SMA.
You plot the SMA of the volume with an orange line for easier comparison.
Background Color:
You set a light gray background color to give a subtle contrast.
NYSE and LSE trading sessions are highlighted with green and blue, respectively.
Lunch break periods are highlighted with a white background for both exchanges.
Here are a couple of improvements or suggestions you might consider:
Session Time Overlap Handling:
If the script is applied to a chart where both NYSE and LSE data is visible, they may overlap depending on the time zone of your chart. Ensure the session times align with the active market's timezone, especially if you are using a chart with a different timezone setting.
Color Customization:
The color scheme for bullish/bearish volume could be enhanced further. For example, you could introduce more transparency for low-volume periods to make the histogram appear more subtle during less active trading times.
Handling Different Time Zones:
If your chart is not in the "America/New_York" or "GMT" time zone, be mindful of the session times. The timestamp function depends on the chart’s time zone, so ensuring you're adjusting for different markets is key.
Borrow Fee & Squeeze TrackerSqueeze tracker.
This script helps identify potential short squeeze setups by detecting two key indicators: unusual volume and significant price changes.
The script combines both volume and price changes to give a more reliable indication of potential squeeze opportunities. When both criteria are met, it signals that there may be unusual market activity. The script also allows you to set up automatic alerts when both the volume and price change exceed thresholds, so you can react quickly to potential opportunities without constantly monitoring the charts.
Once added, you can set an alert:
Click on the Alert button
In the "Condition" dropdown, select the Squeeze Alert that was created.
Set the alert options
Now, when the script detects both a volume spike and a price change spike, it will trigger an alert based on your settings.
Enjoy!
ICT & RTM Price Action IndicatorICT & RTM Price Action Indicator
Unlock the power of precision trading with this cutting-edge indicator blending ICT (Inner Circle Trader) concepts and RTM (Reversal Trend Momentum) strategies. Designed for traders who demand clarity in chaotic markets, this tool pinpoints high-probability buy and sell signals with surgical accuracy.
What It Offers:
Smart Supply & Demand Zones: Instantly spot key levels where the market is likely to reverse or consolidate, derived from a 50-period high/low analysis.
Filtered Reversal Signals: Say goodbye to fakeouts! Signals are confirmed with volume spikes (1.5x average) and a follow-through candle, ensuring you trade only the strongest moves.
Trend-Aware Logic: Built on a customizable SMA (default 14), it aligns reversals with momentum for trades that stick.
One-Signal Discipline: No clutter—only the first valid signal appears until an opposing setup triggers, keeping your chart clean and your focus sharp.
Combined Power: A unique "TRADE" signal merges ICT zones with RTM reversals for setups with double the conviction.
Why You’ll Love It:
Whether you’re scalping intraday or hunting swing trades, this indicator adapts to your style. It’s not just another tool—it’s your edge in decoding price action like a pro. Test it, tweak it, and watch your trading transform.
CVD Divergence Insights📘 CVD Divergence Insights – by Colicoid
Pine Script v6 | Volume Delta Divergence Oscillator with Spike Detection
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🔍 Overview
CVD Divergence Insights is a volume-aware oscillator and divergence spike detector that helps you spot smart money activity, absorption, failed pressure, and hidden strength or weakness — even when price action alone gives little away.
It works by comparing normalized Cumulative Volume Delta (CVD) against normalized price movement, and optionally applying a volume-weighting layer to highlight when aggressive participation is truly behind the divergence. The result is a dynamic visual tool that identifies tension in the market, and helps you trade based on how that tension resolves.
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🧠 Core Concept
• When price moves one way and CVD moves another, it reflects imbalance between aggression and result.
• Divergence is not a trigger — it’s a build-up of pressure.
• The real edge lies in the resolution of that pressure.
• Optional volume-weighting helps you ignore noise and focus on high-conviction moves only.
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⚙️ How It Works
1. CVD Calculation
CVD is generated using lower-timeframe delta volume (buy vs. sell pressure), accumulated per bar.
2. Oscillator
A normalized divergence between the smoothed CVD and smoothed price.
3. Volume Weighting (optional)
Emphasizes divergences occurring on higher-than-normal volume, deprioritizes low-volume noise.
4. Signal Line (optional)
A short EMA of the oscillator to help track momentum shifts (hidden by default).
5. Divergence Spikes
Statistical spike detection using standard deviation — green/red dots highlight unusually large divergence activity.
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🎛️ Inputs
Anchor Period
Higher timeframe where the CVD is accumulated and processed.
Lower Timeframe
Optional override for granularity of buy/sell volume data.
SMA Length
Used for smoothing both price and CVD before divergence is calculated.
Volume Weighted?
Enables adaptive weighting based on relative volume size.
Volume Normalization Length
Lookback period used to define what is “normal” volume.
Divergence Spike Threshold
StdDev-based threshold to detect abnormally large divergences.
Signal Line Length
Controls the EMA smoothing of the optional signal line (hidden by default).
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📈 Trade Setup Example: Hidden Bullish Divergence
1. Price forms a higher low, but CVD forms a lower low — hidden bullish divergence.
2. This shows aggressive sellers are trying, but price is resilient — likely absorption.
3. You wait for a "convergent signal bar":
• A bullish candle with strong structure or body
• Confirmed by CVD starting to turn upward
4. That’s your trigger bar — the tension resolves upward.
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🤝 Recommended Pairings
For best results, combine CVD Divergence Insights with the companion script:
🔗 Cumulative Volume Delta Line (also by Colicoid)
This lets you:
• See the raw CVD line and its SMA visually
• Spot standard and hidden divergences in price/CVD directly
• Use the Insights indicator to evaluate divergence quality and flag aggressive bull/bear behavior
• Use the same SMA length on both indicators for alignment
👉 Tip: To save screen space, drag the CVD Line indicator into the same panel as CVD Divergence Insights.
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🧰 Why Use This?
• ✅ Catch absorption setups and failed pressure zones
• ✅ Filter out low-quality divergences using volume context
• ✅ Understand why price is hesitating or breaking out
• ✅ Add smart confirmation to breakout/reversal trades
• ✅ Align your execution with who’s actually in control
⸻
📎 Created by Colicoid
Built in Pine Script v6 for advanced price-volume analysis, with focus on effort vs result, market psychology, and smart money detection.
malama's volume spikeThe "malama's volume spike" indicator identifies and highlights bars where the trading volume significantly exceeds the average, signaling potential market interest or activity. It calculates a Simple Moving Average (SMA) of the volume over a user-defined period and compares the current volume against this average multiplied by a specified threshold factor. Bars where the volume surpasses this threshold are colored yellow on the chart, providing a visual cue for traders to identify potential trading opportunities.
How It Works:
Volume Moving Average (SMA): The indicator computes the SMA of the volume over a period defined by the user (default is 20 bars).
Threshold Calculation: It multiplies the SMA by a user-defined factor (default is 2.0) to set the volume spike threshold.
Volume Spike Detection: If the current volume exceeds this threshold, the corresponding bar is highlighted in yellow.
Usage:
Volume MA Length: Adjust this parameter to set the period over which the volume SMA is calculated. A shorter length responds more quickly to recent volume changes, while a longer length smooths out short-term fluctuations.
Volume Threshold Factor: Modify this factor to set the sensitivity of the volume spike detection. A lower value will highlight more bars, while a higher value will highlight fewer, more significant spikes.
OG Volume PowerDescription:
The OG Volume Power is an elite-level volume analysis suite built for identifying momentum surges, trend continuation, and buyer/seller imbalances at critical price levels. It combines real-time VWAP tracking, a dynamic Point of Control (POC), and volume delta clusters to give traders a complete picture of price and volume interaction.
🔍 Key Features:
Real-Time VWAP:
Tracks volume-weighted average price to identify mean reversion and intraday fair value zones. Ideal for institutional-level entries and exits.
Dynamic POC (Point of Control):
Automatically finds the price level with the highest volume over the last N candles (default 50), helping traders pinpoint where market participants are most committed.
Buyer/Seller Volume Delta Clusters:
Highlights imbalances between buying and selling pressure using bullish and bearish volume deltas that exceed the 20-bar volume average — excellent for momentum detection and early trend recognition.
⚙️ How It Works:
Green triangle: Buyer surge (bullish delta + above average volume)
Red triangle: Seller surge (bearish delta + above average volume)
Magenta line: Dynamic POC (highest volume price over recent candles)
Orange line: VWAP (acts as a magnetic force for price)
📈 Best For:
Intraday scalping or swing trading on SPY, QQQ, BTC, or Forex
Volume flow confirmation before breakout entries
Filtering false breakouts with delta strength signals
🧠 Pro Tip:
Use OG Volume Power alongside your trend indicators (like OG EMA Stack or OG Supertrend) to confirm that volume is backing the move. Look for surges near VWAP or POC zones for sniper-level entries.
WMA and Intraday Highest Volume Candle Levels🔹 WMA Calculation (Weighted Moving Averages)
Custom WMA Function:
Uses a manual weighted average calculation.
Assigns more weight to recent prices for smoother trend detection.
Three Timeframes:
5-Minute WMA (Yellow)
15-Minute WMA (Blue)
30-Minute WMA (Red)
🔹 Intraday Highest Volume Candle Levels
Finds the candle with the highest volume for the selected intraday timeframe.
Stores its High & Low levels to act as support/resistance.
Deletes and redraws lines daily to reflect the latest session's highest volume candle.
Plots horizontal lines:
Green Line: High of the highest volume candle.
Red Line: Low of the highest volume candle.
Customization: User can choose the analysis timeframe (default: 3 minutes).
✅ Benefits of This Indicator
✔ Multi-timeframe trend analysis using WMA.
✔ Key intraday levels based on highest volume candle.
✔ Dynamic support & resistance levels based on real-time volume activity.
✔ Customizable timeframe for volume analysis.
Supertrend + MACD with Advanced FiltersDetailed Guide
1. Indicator Overview
Purpose:
This enhanced indicator combines Supertrend and MACD to signal potential trend changes. In addition, it now includes several extra filters for more reliable signals:
Multi-Timeframe (MTF) Confirmation: Checks a higher timeframe’s trend.
ADX (Momentum) Filter: Ensures the market is trending strongly.
Dynamic Factor Adjustment: Adapts the Supertrend sensitivity to current volatility.
Volume Filter: Verifies that current volume is above average.
Each filter can be enabled or disabled according to your preference.
How It Works:
The Supertrend calculates dynamic support/resistance levels based on ATR and an adjustable factor, while MACD identifies momentum shifts via its crossovers. The additional filters then confirm whether the conditions meet your criteria for a trend change. If all enabled filters align, the indicator plots a shape and triggers an alert.
2. Supertrend Component with Dynamic Factor
Base Factor & ATR Period:
The Supertrend uses these inputs to compute its dynamic bands.
Dynamic Factor Toggle:
When enabled, the factor is adjusted by comparing the current ATR to its simple moving average. This makes the indicator adapt to higher or lower volatility conditions, helping to reduce false signals.
3. MACD Component
Parameters:
Standard MACD settings (Fast MA, Slow MA, Signal Smoothing) determine the responsiveness of the MACD line. Crossovers between the MACD line and its signal line indicate potential trend reversals.
4. Multi-Timeframe (MTF) Filter
Function:
If enabled, the indicator uses a higher timeframe’s simple moving average (SMA) to confirm the prevailing trend.
Bullish Confirmation: The current close is above the higher timeframe SMA.
Bearish Confirmation: The current close is below the higher timeframe SMA.
5. ADX Filter (Momentum)
Custom Calculation:
Since the built-in ta.adx function may not be available, a custom ADX is calculated. This involves:
Determining positive and negative directional movements (DMs).
Smoothing these values to obtain +DI and -DI.
Calculating the DX and then smoothing it to yield the ADX.
Threshold:
Only signals where the ADX exceeds the set threshold (default 20) are considered valid, ensuring that the market is trending strongly enough.
6. Volume Filter
Function:
Checks if the current volume exceeds the average volume (SMA) multiplied by a specified factor. This helps confirm that a price move is supported by sufficient trading activity.
7. Combined Signal Logic & Alerts
Final Signal:
A bullish signal is generated when:
MACD shows a bullish crossover,
Supertrend indicates an uptrend,
And all enabled filters (MTF, ADX, volume) confirm the signal.
The bearish signal is generated similarly in the opposite direction.
Alerts:
Alert conditions are set so that TradingView can notify you via pop-up, email, or SMS when these combined conditions are met.
8. User Adjustments
Toggle Filters:
Use the on/off switches for MTF, ADX, and Volume filters as needed.
Parameter Tuning:
Adjust the ATR period, base factor, higher timeframe settings, ADX period/threshold, and volume multiplier to match your trading style and market conditions.
Backtesting:
Always backtest your settings to ensure that they perform well with your strategy.
Volume Histogram with ThresholdsVolume Histogram with Thresholds
Description:
This indicator displays a histogram of volume bars with color coding based on customizable volume thresholds. It helps traders quickly identify potential breakouts and breakdowns by comparing current volume against a moving average of past volume.
Features:
Customizable Average Volume Period – Allows you to set a lookback period for calculating average volume.
Color-Coded Bars for Quick Visual Reference:
Gray: Below average volume (low activity)
Blue: Near average volume (normal activity)
Green: Above average volume (potential breakout/breakdown)
Red: Significantly above average volume (high-confidence move)
Plots an Orange Reference Line – Represents the average volume for easy comparison.
Usage:
Adjust "Average Volume Period" to set the moving average length for volume.
Modify "Above Average" and "High Volume" multipliers to fine-tune breakout/breakdown sensitivity.
Look for green and red bars to confirm strong moves in price action.
This indicator can help confirm the validity of breakouts and breakdowns by visually emphasizing volume surges. 🚀
Explanation of Presets in the Indicator
The indicator comes with three user-configurable settings that determine how volume is analyzed and displayed. Here’s what they do and why they matter:
1. Average Volume Period (Default: 50)
This setting controls the number of past bars used to calculate the Simple Moving Average (SMA) of volume.
A larger value (e.g., 100) smooths out fluctuations and gives a broader view of average volume trends.
A smaller value (e.g., 20) makes the average more responsive to recent volume changes.
2. Above Average Threshold (Multiplier, Default: 1.5)
This defines the first level of volume increase that is considered above average.
If the current volume is 1.5 times greater than the moving average volume, the histogram bar turns green.
You can lower this value (e.g., 1.2) to make the indicator more sensitive or increase it (e.g., 2.0) to filter out smaller spikes.
3. High Volume Threshold (Multiplier, Default: 2.5)
This determines the threshold for what is considered significantly above average volume.
If the current volume is 2.5 times greater than the moving average volume, the histogram bar turns red.
This setting helps highlight extremely strong volume surges, which are more likely to indicate high-confidence breakouts or breakdowns.
How to Adjust These Presets for Different Market Conditions
If you trade high-volatility assets, you might want to increase the multipliers (e.g., 2.0 and 3.5) to focus only on the strongest moves.
If you trade low-liquidity assets, you might need to lower the multipliers (e.g., 1.2 and 2.0) to capture smaller but meaningful volume shifts.
Short-term traders (scalping/day trading) may prefer a lower average volume period (e.g., 20) to get faster signals.
By tweaking these settings, you can adapt the indicator to your trading style and the asset you’re analyzing. 🚀
VCP Pattern with Pocket Pivots by Mark MinerviniBelow is a Pine Script designed to identify and plot Mark Minervini's Volatility Contraction Pattern (VCP) along with Pocket Pivots on TradingView. The VCP is characterized by a series of price contractions (tightening price ranges) with decreasing volume, often followed by a breakout. Pocket Pivots, a concept from Chris Kacher and Gil Morales, identify early buying opportunities within a consolidation or uptrend based on volume surges. This script combines both concepts to help traders spot potential setups.
Relative Crypto Dominance Polar Chart [LuxAlgo]The Relative Crypto Dominance Polar Chart tool allows traders to compare the relative dominance of up to ten different tickers in the form of a polar area chart, we define relative dominance as a combination between traded dollar volume and volatility, making it very easy to compare them at a glance.
🔶 USAGE
The use is quite simple, traders just have to load the indicator on the chart, and the graph showing the relative dominance will appear.
The 10 tickers loaded by default are the major cryptocurrencies by market cap, but traders can select any ticker in the settings panel.
Each area represents dominance as volatility (radius) by dollar volume (arc length); a larger area means greater dominance on that ticker.
🔹 Choosing Period
The tool supports up to five different periods
Hourly
Daily
Weekly
Monthly
Yearly
By default, the tool period is set on auto mode, which means that the tool will choose the period depending on the chart timeframe
timeframes up to 2m: Hourly
timeframes up to 15m: Daily
timeframes up to 1H: Weekly
timeframes up to 4H: Monthly
larger timeframes: Yearly
🔹 Sorting & Sizing
Traders can sort the graph areas by volatility (radius of each area) in ascending or descending order; by default, the tickers are sorted as they are in the settings panel.
The tool also allows you to adjust the width of the chart on a percentage basis, i.e., at 100% size, all the available width is used; if the graph is too wide, just decrease the graph size parameter in the settings panel.
🔹 Set your own style
The tool allows great customization from the settings panel, traders can enable/disable most of the components, and add a very nice touch with curved lines enabled for displaying the areas with a petal-like effect.
🔶 SETTINGS
Period: Select up to 5 different time periods from Hourly, Daily, Weekly, Monthly and Yearly. Enable/disable Auto mode.
Tickers: Enable/disable and select tickers and colors
🔹 Style
Graph Order: Select sort order
Graph Size: Select percentage of width used
Labels Size: Select size for ticker labels
Show Percent: Show dominance in % under each ticker
Curved Lines: Enable/disable petal-like effect for each area
Show Title: Enable/disable graph title
Show Mean: Enable/disable volatility average and select color
Volume Pro Indicator## Volume Pro Indicator
A powerful volume indicator that visualizes volume distribution across different price levels. This tool helps you easily identify where trading activity concentrates within the price range.
### Key Features:
- **Volume visualization by price levels**: Green (lower zone), Magenta (middle zone), Cyan (upper zone)
- **VPOC (Volume Point of Control)**: Shows the price level with the highest volume concentration
- **High and Low lines**: Highlights the extreme levels of the analyzed price range
- **Customizable historical analysis**: Configurable number of days for calculation
### How to use it:
- Colored volumes show where trading activity concentrates within the price range
- The VPOC helps identify the most significant price levels
- Different colors allow you to quickly visualize volume distribution in different price areas
Customizable with numerous options, including analysis period, calculation resolution, colors, and visibility of different components.
### Note:
This indicator works best on higher timeframes (1H, 4H, 1D) and liquid markets. It's a visual analysis tool that enhances your understanding of market structure.
#volume #vpoc #distribution #volumeprofile #trading #analysis #indicator #professional #pricelevels #volumedistribution
volume profile ranking indicator📌 Introduction
This script implements a volume profile ranking indicato for TradingView. It is designed to visualize the distribution of traded volume over price levels within a defined historical window. Unlike TradingView’s built-in Volume Profile, this script gives full customization of the profile drawing logic, binning, color gradient, and the ability to anchor the profile to a specific date.
⚙️ How It Works (Logic)
1. Inputs
➤POC Lookback Days (lookback): Defines how many bars (days) to look back from a selected point to calculate the volume distribution.
➤Bin Count (bin_count): Determines how many price bins (horizontal levels) the price range will be divided into.
➤Use Custom Lookback Date (useCustomDate): Enables/disables manually selecting a backtest start date.
➤Custom Lookback Date (customDate): When enabled, the profile will calculate volume based on this date instead of the most recent bar.
2. Target Bar Determination
➤If a custom date is selected, the script searches for the bar closest to that date within 1000 bars.
➤If not, it defaults to the latest bar (bar_index).
➤The profile is drawn only when the current bar is close to the target bar (within ±2 bars), to avoid unnecessary recalculations and performance issues.
3. Volume Binning
➤The price range over the lookback window is divided into bin_count segments.
➤For each bar within the lookback window, its volume is added to the appropriate bin based on price.
➤If the price falls outside the expected range, it is clamped to the first or last bin.
4. Ranking and Sorting
➤A bubble sort ranks each bin by total volume.
➤The most active bin (POC, or Point of Control) is highlighted with a thicker bar.
5. Rendering
➤Horizontal bars (line.new) represent volume intensity in each price bin.
➤Each bar is color-coded by volume heat: more volume = more intense color.
➤Labels (label.new) show:
➤Total volume
➤Rank
➤Percentage of total volume
➤Price range of the bin
🧑💻 How to Use
1. Add the Script to Your Chart
➤Copy the code into TradingView’s Pine Script editor and add it to your chart.
2. Set Lookback Period
➤Default is 252 bars (about one year for daily charts), but can be changed via the input.
3. (Optional) Use Custom Date
●Toggle "Use Custom Lookback Date" to true.
➤Pick a date in the "Custom Lookback Date" input to anchor the profile.
4. Analyze the Volume Distribution
➤The longest (thickest) red/orange bar represents the Point of Control (POC) — the price with the most volume traded.
➤Other bars show volume distribution across price.
➤Labels display useful metrics to evaluate areas of high/low interest.
✅ Features
🔶 Customizable anchor point (custom date).
🔶Adjustable bin count and lookback length.
🔶 Clear visualization with heatmap coloring.
🔶 Lightweight and performance-optimized (especially with the shouldDrawProfile filter)
Low Liquidity Zones [PhenLabs]📊 Low Liquidity Zones
Version: PineScript™ v6
📌 Description
Low Liquidity Zones identifies and highlights periods of unusually low trading volume on your chart, marking areas where price movement occurred with minimal participation. These zones often represent potential support and resistance levels that may be more susceptible to price breakouts or reversals when revisited with higher volume.
Unlike traditional volume analysis tools that focus on high volume spikes, this indicator specializes in detecting low liquidity areas where price moved with minimal resistance. Each zone displays its volume delta, providing insight into buying vs. selling pressure during these thin liquidity periods. This combination of low volume detection and delta analysis helps traders identify potential price inefficiencies and weak structures in the market.
🚀 Points of Innovation
• Identifies low liquidity zones that most volume indicators overlook but which often become significant technical levels
• Displays volume delta within each zone, showing net buying/selling pressure during low liquidity periods
• Dynamically adjusts to different timeframes, allowing analysis across multiple time horizons
• Filters zones by maximum size percentage to focus only on precise price levels
• Maintains historical zones until they expire based on your lookback settings, creating a cumulative map of potential support/resistance areas
🔧 Core Components
• Low Volume Detection: Identifies candles where volume falls below a specified threshold relative to recent average volume, highlighting potential liquidity gaps.
• Volume Delta Analysis: Calculates and displays the net buying/selling pressure within each low liquidity zone, providing insight into the directional bias during low participation periods.
• Dynamic Timeframe Adjustment: Automatically scales analysis periods to match your selected timeframe preference, ensuring consistent identification of low liquidity zones regardless of chart settings.
• Zone Management System: Creates, tracks, and expires low liquidity zones based on your configured settings, maintaining visual clarity on the chart.
🔥 Key Features
• Low Volume Identification: Automatically detects and highlights candles where volume falls below your specified threshold compared to the moving average.
• Volume Delta Visualization: Shows the net volume delta within each zone, providing insight into whether buyers or sellers were dominant despite the low overall volume.
• Flexible Timeframe Analysis: Analyze low liquidity zones across multiple predefined timeframes or use a custom lookback period specific to your trading style.
• Zone Size Filtering: Filters out excessively large zones to focus only on precise price levels, improving signal quality.
• Automatic Zone Expiration: Older zones are automatically removed after your specified lookback period to maintain a clean, relevant chart display.
🎨 Visualization
• Volume Delta Labels: Each zone displays its volume delta with “+” or “-” prefix and K/M suffix for easy interpretation, showing the strength and direction of pressure during the low volume period.
• Persistent Historical Mapping: Zones remain visible for your specified lookback period, creating a cumulative map of potential support and resistance levels forming under low liquidity conditions.
📖 Usage Guidelines
Analysis Timeframe
Default: 1D
Range/Options: 15M, 1HR, 3HR, 4HR, 8HR, 16HR, 1D, 3D, 5D, 1W, Custom
Description: Determines the historical period to analyze for low liquidity zones. Shorter timeframes provide more recent data while longer timeframes offer a more comprehensive view of significant zones. Use Custom option with the setting below for precise control.
Custom Period (Bars)
Default: 1000
Range: 1+
Description: Number of bars to analyze when using Custom timeframe option. Higher values show more historical zones but may impact performance.
Volume Analysis
Volume Threshold Divisor
Default: 0.5
Range: 0.1-1.0
Description: Maximum volume relative to average to identify low volume zones. Example: 0.5 means volume must be below 50% of the average to qualify as low volume. Lower values create more selective zones while higher values identify more zones.
Volume MA Length
Default: 15
Range: 1+
Description: Period length for volume moving average calculation. Shorter periods make the indicator more responsive to recent volume changes, while longer periods provide a more stable baseline.
Zone Settings
Zone Fill Color
Default: #2196F3 (80% transparency)
Description: Color and transparency of the low liquidity zones. Choose colors that stand out against your chart background without obscuring price action.
Maximum Zone Size %
Default: 0.5
Range: 0.1+
Description: Maximum allowed height of a zone as percentage of price. Larger zones are filtered out. Lower values create more precise zones focusing on tight price ranges.
Display Options
Show Volume Delta
Default: true
Description: Toggles the display of volume delta within each zone. Enabling this provides additional insight into buying vs. selling pressure during low volume periods.
Delta Text Position
Default: Right
Options: Left, Center, Right
Description: Controls the horizontal alignment of the delta text within zones. Adjust based on your chart layout for optimal readability.
✅ Best Use Cases
• Identifying potential support and resistance levels that formed during periods of thin liquidity
• Spotting price inefficiencies where larger players may have moved price with minimal volume
• Finding low-volume consolidation areas that may serve as breakout or reversal zones when revisited
• Locating potential stop-hunting zones where price moved on minimal participation
• Complementing traditional support/resistance analysis with volume context
⚠️ Limitations
• Requires volume data to function; will not work on symbols where the data provider doesn’t supply volume information
• Low volume zones don’t guarantee future support/resistance - they simply highlight potential areas of interest
• Works best on liquid instruments where volume data has meaningful fluctuations
• Historical analysis is limited by the maximum allowed box count (500) in TradingView
• Volume delta in some markets may not perfectly reflect buying vs. selling pressure due to data limitations
💡 What Makes This Unique
• Focus on Low Volume: Unlike some indicators that highlight high volume events particularly like our very own TLZ indicator, this tool specifically identifies potentially significant price zones that formed with minimal participation.
• Delta + Low Volume Integration: Combines volume delta analysis with low volume detection to reveal directional bias during thin liquidity periods.
• Flexible Lookback System: The dynamic timeframe system allows analysis across any timeframe while maintaining consistent zone identification criteria.
• Support/Resistance Zone Generation: Automatically builds a visual map of potential technical levels based on volume behavior rather than just price patterns.
🔬 How It Works
1. Volume Baseline Calculation:
The indicator calculates a moving average of volume over your specified period to establish a baseline for normal market participation. This adaptive baseline accounts for natural volume fluctuations across different market conditions.
2. Low Volume Detection:
Each candle’s volume is compared to the moving average and flagged when it falls below your threshold divisor. The indicator also filters zones by maximum size to ensure only precise price levels are highlighted.
3. Volume Delta Integration:
For each identified low volume candle, the indicator retrieves the volume delta from a lower timeframe. This delta value is formatted with appropriate scaling (K/M) and displayed within the zone.
4. Zone Management:
New zones are created and tracked in a dynamic array, with each zone extending rightward until it expires. The system automatically removes expired zones based on your lookback period to maintain a clean chart.
💡 Note:
Low liquidity zones often represent areas where price moved with minimal participation, which can indicate potential market inefficiencies. These zones frequently become important support/resistance levels when revisited, especially if approached with higher volume. Consider using this indicator alongside traditional technical analysis tools for comprehensive market context. For best results, experiment with different volume threshold settings based on the specific instrument’s typical volume patterns.
SMA7 Tail Reversal📌 Description:
The SMA7 Tail Reversal indicator is designed to identify potential counter-trend trading opportunities by checking if candle wicks (tails) respect a key moving average level (SMA7).
This indicator highlights price action where candles are clearly separated from the moving average, suggesting a possible reversal or temporary correction.
📌 How It Works:
Moving Average Calculation:
Calculates a simple moving average (SMA) of length 7 to act as the primary trend filter.
Candle Classification:
Bullish Candle: A candle where the closing price is higher than the opening price, with a short upper wick.
Bearish Candle: A candle where the closing price is lower than the opening price, with a short lower wick.
Conditions for Coloring Candles:
Long Condition (Green Candle):
High & Low are both below the SMA7 line.
Volume is above the 20-period average.
A bullish candle is detected.
Short Condition (Red Candle):
High & Low are both above the SMA7 line.
Volume is above the 20-period average.
A bearish candle is detected.
📌 Visual Representation:
Green Candles: Potential long signals when price action stays below the SMA7 line.
Red Candles: Potential short signals when price action stays above the SMA7 line.
Yellow Line: SMA7, used as the dynamic threshold for signal generation.
📌 Usage:
Best applied to volatile markets with clear trends.
Effective in detecting counter-trend opportunities where price diverges from the SMA7 line.
Works well with additional confirmation tools for better accuracy.
VSA Vol Key VSA Signals
(1) No Demand – Bearish Signal
Low volume, narrow spread.
Price rises, but volume does not increase → Weak market, lack of buyers.
If this appears in an uptrend, it may indicate a potential reversal.
(2) No Supply – Bullish Signal
Low volume, narrow spread.
Price declines, but volume does not increase → Weak selling pressure.
If this appears in an uptrend, it may confirm the continuation of the uptrend.
(3) Stopping Volume – Bullish Reversal Signal
Strong price decline, but unusually high volume.
Candle shows a long lower wick, closing near the top.
Indicates Smart Money absorbing supply, signaling a potential reversal upwards.
(4) Climactic Volume – Possible Trend Reversal
Extremely high volume with a sharp price increase or decrease.
If this occurs after a long trend, it may indicate a trend reversal.
Smart Money may be taking profits after a prolonged price movement.
(5) Effort vs. Result
If volume is high but price movement is weak → Inefficient buying/selling, possible reversal.
If volume is high and price moves strongly in the same direction → Trend is likely to continue.
Nef33-Volume Footprint ApproximationDescription of the "Volume Footprint Approximation" Indicator
Purpose
The "Volume Footprint Approximation" indicator is a tool designed to assist traders in analyzing market volume dynamics and anticipating potential trend changes in price. It is inspired by the concept of a volume footprint chart, which visualizes the distribution of trading volume across different price levels. However, since TradingView does not provide detailed intrabar data for all users, this indicator approximates the behavior of a footprint chart by using available volume and price data (open, close, volume) to classify volume as buy or sell, calculate volume delta, detect imbalances, and generate trend change signals.
The indicator is particularly useful for identifying areas of high buying or selling activity, imbalances between supply and demand, delta divergences, and potential reversal points in the market. It provides specific signals for bullish and bearish trend changes, making it suitable for traders looking to trade reversals or confirm trends.
How It Works
The indicator uses volume and price data from each candlestick to perform the following calculations:
Volume Classification:
Classifies the volume of each candlestick as "buy" or "sell" based on price movement:
If the closing price is higher than the opening price (close > open), the volume is classified as "buy."
If the closing price is lower than the opening price (close < open), the volume is classified as "sell."
If the closing price equals the opening price (close == open), it compares with the previous close to determine the direction:
If the current close is higher than the previous close, it is classified as "buy."
If the current close is lower than the previous close, it is classified as "sell."
If the current close equals the previous close, the classification from the previous bar is used.
Delta Calculation:
Calculates the volume delta as the difference between buy volume and sell volume (buyVolume - sellVolume).
A positive delta indicates more buy volume; a negative delta indicates more sell volume.
Imbalance Detection:
Identifies imbalances between buy and sell volume:
A buy imbalance occurs when buy volume exceeds sell volume by a defined percentage (default is 300%).
A sell imbalance occurs when sell volume exceeds buy volume by the same percentage.
Delta Divergence Detection:
Positive Delta Divergence: Occurs when the price is falling (for at least 2 bars) but the delta is increasing or becomes positive, indicating that buyers are entering despite the price decline.
Negative Delta Divergence: Occurs when the price is rising (for at least 2 bars) but the delta is decreasing or becomes negative, indicating that sellers are entering despite the price increase.
Trend Change Signals:
Bullish Signal (trendChangeBullish): Generated when the following conditions are met:
There is a positive delta divergence.
The delta has moved from a negative value (e.g., -500) to a positive value (e.g., +200) over the last 3 bars.
There is a buy imbalance.
The price is near a historical support level (approximated as the lowest low of the last 50 bars).
Bearish Signal (trendChangeBearish): Generated when the following conditions are met:
There is a negative delta divergence.
The delta has moved from a positive value (e.g., +500) to a negative value (e.g., -200) over the last 3 bars.
There is a sell imbalance.
The price is near a historical resistance level (approximated as the highest high of the last 50 bars).
Visual Elements
The indicator is displayed in a separate panel below the price chart (overlay=false) and includes the following elements:
Volume Histograms:
Buy Volume: Represented by a green histogram. Shows the volume classified as "buy."
Sell Volume: Represented by a red histogram. Shows the volume classified as "sell."
Note: The histograms overlap, and the last plotted histogram (red) takes visual precedence, meaning the sell volume may cover the buy volume if it is larger.
Delta Line:
Delta Volume: Represented by a blue line. Shows the difference between buy and sell volume.
A line above zero indicates more buy volume; a line below zero indicates more sell volume.
A dashed gray horizontal line marks the zero level for easier interpretation.
Imbalance Backgrounds:
Buy Imbalance: Light green background when buy volume exceeds sell volume by the defined percentage.
Sell Imbalance: Light red background when sell volume exceeds buy volume by the defined percentage.
Divergence Backgrounds:
Positive Delta Divergence: Lime green background when a positive delta divergence is detected.
Negative Delta Divergence: Fuchsia background when a negative delta divergence is detected.
Trend Change Signals:
Bullish Signal: Green label with the text "Bullish Trend Change" when the conditions for a bullish trend change are met.
Bearish Signal: Red label with the text "Bearish Trend Change" when the conditions for a bearish trend change are met.
Information Labels:
Below each bar, a label displays:
Total Vol: The total volume of the bar.
Delta: The delta volume value.
Alerts
The indicator generates the following alerts:
Positive Delta Divergence: "Positive Delta Divergence Detected! Price is falling, but delta is increasing."
Negative Delta Divergence: "Negative Delta Divergence Detected! Price is rising, but delta is decreasing."
Bullish Trend Change Signal: "Bullish Trend Change Signal! Positive Delta Divergence, Delta Rise, Buy Imbalance, and Near Support."
Bearish Trend Change Signal: "Bearish Trend Change Signal! Negative Delta Divergence, Delta Drop, Sell Imbalance, and Near Resistance."
These alerts can be configured in TradingView to receive real-time notifications.
Adjustable Parameters
The indicator allows customization of the following parameters:
Imbalance Threshold (%): The percentage required to detect an imbalance between buy and sell volume (default is 300%).
Lookback Period for Divergence: Number of bars to look back for detecting price and delta trends (default is 2 bars).
Support/Resistance Lookback Period: Number of bars to look back for identifying historical support and resistance levels (default is 50 bars).
Delta High Threshold (Bearish): Minimum delta value 2 bars ago for the bearish signal (default is +500).
Delta Low Threshold (Bearish): Maximum delta value in the current bar for the bearish signal (default is -200).
Delta Low Threshold (Bullish): Maximum delta value 2 bars ago for the bullish signal (default is -500).
Delta High Threshold (Bullish): Minimum delta value in the current bar for the bullish signal (default is +200).
Practical Use
The indicator is useful for the following purposes:
Identifying Trend Changes:
The trend change signals (trendChangeBullish and trendChangeBearish) indicate potential price reversals. For example, a bullish signal near a support level may be an opportunity to enter a long position.
Detecting Divergences:
Delta divergences (positive and negative) can anticipate trend changes by showing a disagreement between price movement and underlying buying/selling pressure.
Finding Key Levels:
Imbalances (green and red backgrounds) often coincide with support and resistance levels, helping to identify areas where the market might react.
Confirming Trends:
A consistently positive delta in an uptrend or a negative delta in a downtrend can confirm the strength of the trend.
Identifying Failed Auctions:
Although not detected automatically, you can manually identify failed auctions by observing a price move to new highs/lows with decreasing volume in the direction of the move.
Limitations
Intrabar Data: It does not use detailed intrabar data, making it less precise than a native footprint chart.
Approximations: Volume classification and support/resistance detection are approximations, which may lead to false signals.
Volume Dependency: It requires reliable volume data, so it may be less effective on assets with inaccurate volume data (e.g., some forex pairs).
False Signals: Divergences and imbalances do not always indicate a trend change, especially in strongly trending markets.
Recommendations
Combine with Other Indicators: Use tools like RSI, MACD, support/resistance levels, or candlestick patterns to confirm signals.
Trade on Higher Timeframes: Signals are more reliable on higher timeframes like 1-hour or 4-hour charts.
Perform Backtesting: Evaluate the indicator's accuracy on historical data to adjust parameters and improve effectiveness.
Adjust Parameters: Modify thresholds (e.g., imbalanceThreshold or supportResistanceLookback) based on the asset and timeframe you are trading.
Conclusion
The "Volume Footprint Approximation" indicator is a powerful tool for analyzing volume dynamics and anticipating price trend changes. By classifying volume, calculating delta, detecting imbalances and divergences, and generating trend change signals, it provides traders with valuable insights into market buying and selling pressure. While it has limitations due to the lack of intrabar data, it can be highly effective when used in combination with other technical analysis tools and on assets with reliable volume data.
Aggregated Spot vs Perp Volume (% Change)Aggregated Spot vs Perp Volume (% Change)
Description
The "Aggregated Spot vs Perp Volume (% Change)" indicator helps crypto traders compare the momentum of spot and perpetual futures (perp) trading volumes across 12 major exchanges. It calculates the percentage change in volume from one bar to the next, highlighting divergences and showing which market—spot or perp—is leading a move. By focusing on relative changes, it eliminates the issue of absolute volume differences, making trends clear.
The indicator aggregates data from Binance, Bybit, OKX, Coinbase, Bitget, MEXC, Phemex, BingX, WhiteBIT, BitMEX, Kraken, and HTX. Users can toggle exchanges and choose to measure volume in coin units (e.g., BTC) or USD.
How It Works
Volume Aggregation:
Fetches spot and perp volume data for the selected crypto (e.g., BTC) from up to 12 exchanges.
Spot volume is included only if perp volume is available for the same pair, ensuring consistency.
Volume can be measured in coin units or USD (volume × spot price).
Percentage Change:
Calculates the percentage change in spot and perp volumes from the previous bar:
Percentage Change = ((Current Volume − Previous Volume) / Previous Volume) ×100
This focuses on relative momentum, making spot and perp volumes directly comparable.
Visualization:
Spot volume % change is plotted as a blue line, and perp volume % change as a red line, both with a linewidth of 1.
Who Should Use It
Crypto Traders: To understand spot vs. perp market dynamics across exchanges.
Momentum Traders: To spot which market is driving price moves via volume divergences.
Scalpers/Day Traders: For identifying short-term shifts in market activity.
Analysts: To study liquidity and sentiment in crypto markets.
How to Use It
Blue line: Spot volume % change.
Red line: Perp volume % change.
Look for divergences (e.g., a sharp rise in the red line but not the blue line suggests perp markets are leading).
Combine with Price:
Use alongside price charts to confirm trends or spot potential reversals.
Context
Spot markets reflect actual asset trading, while perp markets, with leverage, attract speculative activity and often show higher volumes. This indicator uses percentage change to compare their momentum, helping traders identify market leadership and divergences. For example, a 50% increase in both spot and perp volumes plots at the same level, making it easy to see relative shifts across exchanges.
Volume Patterns [SS]Hey everyone,
Been a while since doing anything with Pinescript.
Here is my iteration of a Volume Pattern identification, inspired by Bulkowski's work on patterns and volume.
The indicator aims to identify the 4 major types of volume patterns, these are:
Bullish Breakout Volume
Bearish Breakout Volume
Inverted Domes
Domes
Classification
These patterns are all assigned to a classification based on theory. For example, dome volume is usually bearish, inverted dome is usually bullish, etc. etc. However, in order to accommodate changing sentiments and volatility, I have coded logic into the indicator to assess for the actual sentiment associated with these patterns itself.
The indicator calculates the average return associated with each pattern, scaling the data into a percent return. It then has the ability to re-scale the target using the close price associated with the pattern at the time of pattern signaling, to calculate the target price and plot the target on the chart for you.
Additionally, it provides you with the following:
Labels to signal when a pattern has happened
A table that shows you the average returns associated with the 4 major patterns
Target lines with labels that visually show you the target price associated with the pattern, as well as which pattern they are associated with.
All of these things can be toggled on or off depending on your preference.
Customizing the indicator
In addition to being able to toggle the visuals on or off depending on what you want to see or not see, there are some minor customization abilities in terms of training the indicator to recognize the patterns and predict the TP.
The first one is the Training length
In the settings, you will see "Train", and the default is 500. This is the amount the indicator is looking back in history to learn the patterns and returns associated with them. This 500 is appropriate in most cases and on most timeframes.
Lastly, the Lookforward Length
The look forward length represents the number of bars forward you want to determine the returns for. It is defaulted to 10, but you can modify it.
So, if you are on the 1-Minute chart and have the look forward set to 10, then once a signal happens, the target price is calculated based on 10 minutes from the time of signal. You can increase this or decrease this based on your preference.
Longer look forwards can be good for swingers but should be used on the larger timeframes, shorter are good for scalpers but should be used on the shorter timeframes.
The indicator's use is incredibly simple, you'll pick it up in no time!
Hope you enjoy it and as always, safe trades!
Just an FYI for those who may have questions:
The indicator is open source. This means you are free to take it and modify it as you wish. You do not need to ask me.
Please read the description carefully, as 100% of questions I am asked about indicators are covered in the description. ;-)
Have a good one guys and gals! 🚀🚀🚀
db.Volume Spike IndicatorAn indicator that finds the average volume of the previous 10 candles and compares it with the volume of the last closed candle. If the volume of the last candle is 5 times the average of the last 10 candles, it marks this candle with a yellow symbol above or below the candle, depending on the direction of the candle.
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Индикатор, который находит среднее значение объём предыдущих 10 свечей и сравнивает его с объёмом последней закрытой свечи. Если объём последней свечи в 5 раз больше среднего за последние 10, то помечает эту свечу жёлтым символом над или под свечой в зависимости от направления свечи.
Volume Profile & Smart Money Explorer🔍 Volume Profile & Smart Money Explorer: Decode Institutional Footprints
Master the art of institutional trading with this sophisticated volume analysis tool. Track smart money movements, identify peak liquidity windows, and align your trades with major market participants.
🌟 Key Features:
📊 Triple-Layer Volume Analysis
• Total Volume Patterns
• Directional Volume Split (Up/Down)
• Institutional Flow Detection
• Real-time Smart Money Tracking
• Historical Pattern Recognition
⚡ Smart Money Detection
• Institutional Trade Identification
• Large Block Order Tracking
• Smart Money Concentration Periods
• Whale Activity Alerts
• Volume Threshold Analysis
📈 Advanced Profiling
• Hourly Volume Distribution
• Directional Bias Analysis
• Liquidity Heat Maps
• Volume Pattern Recognition
• Custom Threshold Settings
🎯 Strategic Applications:
Institutional Trading:
• Track Big Player Movements
• Identify Accumulation/Distribution
• Follow Smart Money Flow
• Detect Institutional Trading Windows
• Monitor Block Orders
Risk Management:
• Identify High Liquidity Windows
• Avoid Thin Market Periods
• Optimize Position Sizing
• Track Market Participation
• Monitor Volume Quality
Market Analysis:
• Volume Pattern Recognition
• Smart Money Flow Analysis
• Liquidity Window Identification
• Institutional Activity Cycles
• Market Depth Analysis
💡 Perfect For:
• Professional Traders
• Volume Profile Traders
• Institutional Traders
• Risk Managers
• Algorithmic Traders
• Smart Money Followers
• Day Traders
• Swing Traders
📊 Key Metrics:
• Normalized Volume Profiles
• Institutional Thresholds
• Directional Volume Split
• Smart Money Concentration
• Historical Patterns
• Real-time Analysis
⚡ Trading Edge:
• Trade with Institution Flow
• Identify Optimal Entry Points
• Recognize Distribution Patterns
• Follow Smart Money Positioning
• Avoid Thin Markets
• Capitalize on Peak Liquidity
🎓 Educational Value:
• Understand Market Structure
• Learn Volume Analysis
• Master Institutional Patterns
• Develop Market Intuition
• Track Smart Money Flow
🛠️ Customization:
• Adjustable Time Windows
• Flexible Volume Thresholds
• Multiple Timeframe Analysis
• Custom Alert Settings
• Visual Preference Options
Whether you're tracking institutional flows in crypto markets or following smart money in traditional markets, the Volume Profile & Smart Money Explorer provides the deep insights needed to trade alongside the biggest players.
Transform your trading from retail guesswork to institutional precision. Know exactly when and where smart money moves, and position yourself ahead of major market shifts.
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