Volume CandlesHello traders!
Well, I was trying to implement EquiVolume Charts that were developed by Richard W. Arms, but unfortunately I got a poor result.
Instead, I used my groundwork on EquiVolumes to create Volume Candles indicator to help you make better, smarter trades.
What are the cool features?
Excellently filters the instrument's movements
Gives a better view of the accumulation/distribution phases
Completely removes price gaps
Works on ANY instrument that has available volume data.
Personally, I am a big fan of the volume-based indicators and to clarify my position I cite the following words of Buff Pelz Dormeier from his book "Investing with Volume Analysis: Identify, Follow, and Profit from Trends" :
A trade produces only two pieces of information: the price and price's neglected sibling, volume. Perhaps the least appreciated piece of the puzzle, volume represents fertile ground for technical analysis. Proficiency in volume analysis is a rare skill. Properly understood, though, volume analysis can provide its practitioner with the power to peer deeply into market mechanics.
Benjamin Graham, the father of value investing and a mentor of Warren Buffett, often called the market a 'voting machine'. If so, then volume is the ballot box. Volume is a literal illustration of the power behind the forces of supply and demand.
Volume is understood as the validation of price, the source of liquidity, the substantiation of information, the fulfillment of convictions, the revelation of divergent opinions, the fuel of the market, the proponent of truth, and the energy behind the velocity of money. If you believe any of this information might be important in making an investment decision, volume analysis is important to you.
I attached some screenshots to show you how it works with other instruments.
How to get access
Buy for only 129$ to get lifetime access to this indicator
Like and follow for more cool indicators!
Happy Trading!
Accumulation
Bullish/Bearish PhasesHello traders!
This indicator shows you bullish or bearish dominance during the specified period and is based on the volume calculations. Why? Volume acts as an excellent confirmation tool of the price movements and is used to determine if an instrument is gaining or losing momentum.
Bullish/Bearish Phases can be used to find out divergences with the price. It will work on ANY instrument that has available volume data.
NOTE : The blue circles appear on the local peaks.
I attached some screenshots to show you how it works with other instruments.
How to get access
Buy for only 149$ to get lifetime access to this indicator.
Like and follow for more cool indicators!
Happy Trading!
Positive Volume IndexHello traders!
This indicator was originally developed by Paul L. Dysart in the 1930s and then described and popularized by Norman G. Fosback in his book "Stock Market Logic: A Sophisticated Approach to Profits on Wall Street"
Like and follow for more cool indicators!
Happy Trading!
Ultimate Money Flow (UMF), Stoch, Multi Time Frame (MTF) [cI8DH]This indicator adds stochastic, multi time frame, signal line, histogram, and bar coloring options to my previous indicators. It can also replicate standard Money Flow Index ( MFI ), Chaikin's Accumulation/Distribution Line ( ADL ), On Balance Volume ( OBV ) and Price-Volume Trend ( PVT ). This indicator can be used for analyzing momentum, buy/sell pressure, overbought/oversold conditions, and trendiness/choppiness, as well as identifying swings (stoch). Chart below shows example multi-TF setup with bar coloring.
For analyzing price, I made a similar indicator based on Absolute and Relative Strength Indices, which you can find in the link below.
Equation
Here is part of the code used in the script: pastebin.com
Standard MFI, OBV, ADL and PVT
To validate the calculations, I stacked UMF on MFI, OBV, ADL, and PVT in the chart below (100% overlaps validate the calculations). It also shows how you can replicate these indicator if you'd like to use them, or if you want to make your own custom indicator by combining features from different indicators. I do not recommend MFI, ADL or OBV; read "why invent a new indicator" section below. (bear in mind that MFI scale is 0-100, while UMF scales is -100 to 100)
Money Flow based on "Balance of Power" (this is the default mode)
Balance of Power (BoP) equation is: (close - open) / (high - low)
In my opinion, BoP is the most accurate equation to measure the amount of volume accumulated or distributed. I used BoP in my previous open source indicators ADV , ADL , ADP and ADMF . I applied the "True Range" fix to BoP equation similar to what Twiggs did on CMF .
Aggregation Method
By changing aggregation methods, you can replicate my previous indicators which are also linked at the bottom of this page. Please read more about their applications in their respective pages.
aggregation method = Cumulative => ADL indicator: accumulation/distribution (price factoring should be turned off)
aggregation method = MA => ADMF indicator: accurate buy/sell pressure, momentum and divergence
aggregation method = MA Percent => ADP indicator: overbought/oversold conditions, buy/sell pressure, momentum and divergence, failure swings
Smoothing, signal line and histogram to detect trend and choppiness
You can apply additional smoothing to UMF. Also, you can add a signal line and histogram (histogram is the difference between main line and signal line). To do so, set the signal length to a number greater than one. Signal line can help you detect changes in trend similar to the signal line on MACD. If signal line criss-crosses UMF, it shows market is choppy. The worst case is when this criss-crossing coincides with UMF flattening near neutral line and histogram height is short; that means market is ded (until it is not; expansion following a contraction period is a common phenomena)! (Bear in mind that histogram will not show in stoch mode.)
Stochastic
To enable stoch, change the stoch length to a number greater than 1 (default stoch length for the built-in stoch RSI is 14). This length should be calibrated depending on TF and asset. If done correctly, it can be a powerful tool for identifying swings. Stoch can be combined with any aggregation method. I recommend using stoch with MA or cumulative aggregation methods. For conventional uses of stochastic, please read www.tradingview.com(STOCH) and www.tradingview.com(STOCH_RSI).
Experimental Bar coloring Feature
There is an option to color bars depending on UMF's position relative to the signal line. If both TFs are used in coloring and they are in disagreement, the TF with greater histogram height wins. There are two shades of green and red. The darker shade means both TFs agree. If you use the signal line, bar coloring can help with calibrating the indicator (play with parameters until you see a good looking chart i.e. a lot of green candles followed by a lot of red candles in a row). Please note that bar colors might change until candle(s) close(s). The bar coloring rules will most likely change in the future.
Notes
- Uncheck "Factor Price" for Bitmex or any other exchange that shows volume in terms of money.
- UMF is a replacement to ADP , ADMF and ADL , so no more updates for the old indicators!
- Smooth MA length N = EMA length 2*N-1
- Combined tickers, e.g. (COINBASE:BTCUSD+BITSTAMP:BTCUSD+KRAKEN:XBTUSD)/3, can mitigate inconsistency issues between different exchanges (I recommend not mixing USD and USDT pairs together)
Why invent a new indicator
I have spent a great deal of time to find the best equation that represents accumulation/distribution. Each of the well-known methods have a major flaw.
- Winner-take-all problem
MFI, OBV and to some extent Williams AD assign accumulation or distribution based on the direction of change in price. They don't account for the amount of change. That means the indicator does not differentiate between a full candle and a doji candle.
- Extreme divergence problem
Chaikin tried to avoid winner-take-all problem. However, he ended up with a solution that, in my opinion, is even worse. A big flaw of Chaikin's indicators is that they can diverge too much from price. Most responsive indicators in this class, require at least two candles to diverge from price, but CMF/ADL can diverge in a single candle. Chaikin used the same component ( aka Chaikin's money flow multiplier) in both CMF and ADL. CMF 's flaws may not be as visible because it is a normalized oscillator. However, this common flaw is more evident in accum/dist indicator which keeps all past information in its memory. As you can see in the chart below, accum/dist is constantly rising during an obviously distribution period.
ADV (Volume)
ADP
ADMF
ADL
Please give a like, and share the interesting configurations you find in the comments.
Supertrend A/D BreakoutModified Hoffman A/D:
1. uses standard supertrend to determine up/down direction (previous version used ema crossover)
2. uses improved A/D candlestick patterns
I'm optimistic about this one
A/D Levelsuses reversal candles to determine accumulation and distribution candles
remembers the last reversal candle and draws a support or resistance line at the reversal level
does a barcolor if the price breaks support/resistance
similar to the hoffman a/d breakout indicator but there is no trend detection components
Hoffman A/D BreakoutStudy based on Rob Hoffman's Accumulation/Distribution Breakout strategy.
- Green circle on the top wick indicates a "Distribution" wick
- Red circle on the bottom wick indicates an "Accumulation" wick
- A distribution wick in an uptrend gets marked as a Key Resistance. This is marked with green crosses
- An Accumulation wick in a downtrend gets marked as a Key Support. This is marked with red crosses
- Breaking above the Key Resistance indicates a buy entry. This is marked by a green background.
- Breaking below the Key Support indicates a sell entry. This is marked by a red background
TTPro High Low Signals 2 v6TTPro High Low Signals 2 v6 is a leading indicator that can identify trends, anticipating trend reversals and highlight overbought and oversold levels. It is also useful in identifying bullish and bearish divergences and detecting early momentum shifts. Visit www.turbotraderpro.com for more details.
TPA Price&Volume Index 1 (accumaulaion distributer)TPVI is an indicator of price volatility and volume.
The crypto currency is also equipped with variables to set the score depending on whether it is light or heavy.
Supports all of Binance's existing markets (currently 141) (excluding arn, to be supported later)
The setting is based on current sensitivity of 995 and high, low, close average reflectance.
It is recommended to change to 993 for skelper who usually take it shortly then 998 is recommended for those who are swinging.
The lower the sensitivity, the more sensitive the price is.
There is also an sma check box and a len box.
This is a device to view moving averages when the score is too large and difficult to check properly, and averages the index score by the length of len.
By default, the 3min chart is used to catch up quickly, but it is also good for viewing long trends. However, you will need to reset the sensitivity for the chart at that time.
The usage is the same as above, and I am using this index to generate a lot of profit. Please invest all successful investments.
기본적으로 텔레방통한 알람 사용시 3분봉에 맞춰서 지표 쓰시면 됩니다.
TPVI (TPA Price&Volume Index)
(1/4)
(2/4)
(3/4)
(4/4)
TPVI ALERT
(1/4)
(2/4)
(3/4)
(4/4)
TPVI,가격변동과 볼륨을 함께 담은 지표입니다.
또한 해당 crypto 화폐가 가볍냐 무겁냐에 따라 점수를 책정하기 위한 변수도 탑재하고있습니다.
Binance의 전 시장(현재 141개)에 대해 지원합니다.(arn제외,추후지원예정)
세팅은 현재 민감도 995이고 high,low,close평균 반영을 기준으로 이뤄집니다.
통상 그때그때 짧게 가져가시는 스켈퍼 분들은 993으로 변경하시길 추천드리고 998은 스윙하시는 분들에게 추천드립니다.
민감도는 낮은 값을 가질수록 가격에 민감하게 반응합니다.
또한 sma체크란과 len 란이 있습니다.
이는 점수의 고저폭이 커 제대로 확인하기 힘들때 이동평균화 하여 보기 위한 장치로서 해당 지표점수를 len의 길이만큼 평균냅니다.
기본적으로 3min 차트를 사용하면 빠르게 상승을 잡아내기 위해 사용하지만, 긴 추세를 보는데도 좋습니다. 단, 해당시간의 차트에 대해 민감도를 재설정해야합니다.
사용법은 위와 같고 현재 필자도 이 지표를 이용해 많은 수익을 창출하고있습니다. 모두 성공투자하시기 바랍니다.
TPA Price&Volume Index(1/8)
이 지표는 거래량과 가격변동성 두가지를 기반으로 한 지표입니다. 또한 해당 가상화폐가 가볍냐 무겁냐에 따른 변수까지 고려되어있습니다.
직관적이고 사용하기쉽습니다.
바이낸스 전 종목 대상이기에 1~8번 총 8개의 지표가 있습니다.
각 시계열 별로 세팅을 바꿔야 합니다.
현재는 5분봉에 쓰기 편하게 제 임의로 세팅해놨습니다.
민감도설정이 높다면 정말 민감하게 나타내겟지만 "추세"라는 요소를 가져가기위해서는 해당 설정의 값을 너무 높게하지 마시기바랍니다.
추후 바이낸스 상장종목이 생길시 지속적으로 종목추가업데이트를 할 예정입니다.
지표는 특정구독자들에게 공개됩니다. 감사합니다.
This indicator is based on both trading volume and price volatility. We also consider variables depending on whether the virtual currency is light or heavy.
Intuitive and easy to use.
There are a total of eight indicators from 1 to 8 since it is the object of all the binnels.
You need to change the settings for each time series.
At present, I set it freely in the 5 minutes of writing, and it is easy to write.
If the sensitivity setting is high, it will be very sensitive, but in order to take the "trend" element, please do not set the value of the setting too high.
We will continue to update additional stocks in the event of a listing of listed stocks in the future.
Indicators are open to specific subscribers. Thank you.
Williams Accumulation/Distribution (Williams AD) Strategy Accumulation is a term used to describe a market controlled by buyers;
whereas distribution is defined by a market controlled by sellers.
Williams recommends trading this indicator based on divergences:
Distribution of the security is indicated when the security is making
a new high and the A/D indicator is failing to make a new high. Sell.
Accumulation of the security is indicated when the security is making
a new low and the A/D indicator is failing to make a new low. Buy.
WARNING:
- This script to change bars colors.
X-VolumeUsing the indicator, you can roughly analyze the accumulation and distribution of trading volume.
Bollinger Bands V2 [Super Trend]################################## Anglais ######################################
With the News Bollinger Bands V2 , you can choose the source of the color (Color with Price or Color with the Super Trend ATR).
You can also view the Super Trend on the chart and the configure.
this allows you to quickly identify trends and the acceleration phase and accumulation
Sorry for my basic English
//J.Dow
################################## Français ######################################
Avec les Nouvelles Bollinger Bands V2 , vous pouvez choisir la source de la couleur ( couleur avec le prix ou la couleur avec le Super Tendance ATR ) .
Vous pouvez aussi consulter le Super Tendance sur le graphique et le configure.
cela vous permet d'identifier rapidement les tendances et la phase d'accélération et d'accumulation
//J.Dow
Accumulation Swing Index The Accumulation Swing Index is a cumulative total of the Swing Index.
The Accumulation Swing Index was developed by Welles Wilder.
The SwingIndex function was developed to help cut through the maze of
Open, High, Low and Close prices to indicate the real strength and direction
of the market. The Swing Index function looks at the Open, High, Low and
Close values for a two-bar period. The theory is that there are four cross-bar
and one intra-bar comparisons that are strong indicators of an up or down day.
The Swing Index returns a number between -100 and 100. If the factors point toward
an up day, then the function value will be positive and vice versa. In this way,
the Swing Index gives us definite short-term swing points, and it can be used to
supplement other methods as a breakout indicator. A breakout is indicated when the
value of the Accumulation Swing Index (ASI) exceeds the ASI value on the day when a
previous significant High Swing Point was made. A downside breakout is indicated when
the value of the ASI drops below the ASI value on a day when a previous significant
low swing point was made.
Since only futures have a relative daily limit value, this function only makes sense
when applied to a futures contract. If you use this function and it only plots a zero
flat line, check the Daily Limit value.
Accumulation Swing Index (ASI) The Accumulation Swing Index is a cumulative total of the Swing Index.
The Accumulation Swing Index was developed by Welles Wilder.
The SwingIndex function was developed to help cut through the maze of
Open, High, Low and Close prices to indicate the real strength and direction
of the market. The Swing Index function looks at the Open, High, Low and
Close values for a two-bar period. The theory is that there are four cross-bar
and one intra-bar comparisons that are strong indicators of an up or down day.
The Swing Index returns a number between -100 and 100. If the factors point toward
an up day, then the function value will be positive and vice versa. In this way,
the Swing Index gives us definite short-term swing points, and it can be used to
supplement other methods as a breakout indicator. A breakout is indicated when the
value of the Accumulation Swing Index (ASI) exceeds the ASI value on the day when a
previous significant High Swing Point was made. A downside breakout is indicated when
the value of the ASI drops below the ASI value on a day when a previous significant
low swing point was made.
Since only futures have a relative daily limit value, this function only makes sense
when applied to a futures contract. If you use this function and it only plots a zero
flat line, check the Daily Limit value.