Volume spread for VSAThis indicator tells us whether the volume is ultrahigh volume,high volume, low volume or average volume. These volume has to be used along with price spread.
Wait for the VSA indicator it will be released in one month.
"Volume" için komut dosyalarını ara
Volume % of Diluted Shares OutstandingIndicator does what it says - shows the volume traded per time frame as percentage of shares outstanding.
There are three scaling modes, see below.
Absolute (0–100%+) → The line values are the true % of diluted shares traded.
If the plot is at 12, that means 12% of all diluted shares traded that day.
Auto-range (absolute) → The line values are still the true % of shares traded (the y-axis is in real percentages).
But the reference lines (25/50/75/100) are not literal percentages anymore; they are markers at fractions of the local min-to-max range.
So your blue bars are real (e.g., 12% really is 12%), but the dotted lines are relative.
Normalize to 100 → The line values are not the true % anymore.
Everything is re-expressed as a fraction of the recent maximum, so 100 = “highest in the lookback window,” not “100% of shares.”
If the true max was 30% of shares traded, and today is 15%, then the plot will show 50 (because 15 is half of 30).
Volume Signal RSIVolume Signal RSI (VSR) Indicator
Overview:
The Volume Signal RSI (VSR) indicator combines traditional RSI analysis with statistically significant volume detection to identify potential reversal points and exhaustion signals in crypto markets. By applying statistical methods to volume analysis, VSR filters out normal market noise and highlights only the most meaningful volume spikes.
Key Features:
- Standard RSI overbought/oversold signals (70/30)
- Statistical volume significance detection using z-scores and p-values
- Exhaustion signals for potential market reversals
- Enhanced alert system with actionable trading context
How to Use This Indicator
Basic Signals:
- RSI Line: The blue line shows the standard RSI value (default period: 14)
- Overbought/Oversold Levels: Standard levels at 70/30 with additional extreme levels at 80/20
- Volume Detection: Small circles appear on the RSI line when statistically significant volume is detected
Trading Signals
1. Oversold Alert (🔴): When RSI crosses below 30
- Indicates potential support area
- Consider for long entries when price shows signs of stabilizing
2. Overbought Alert (🟢): When RSI crosses above 70
- Indicates potential resistance area
- Consider for short entries when price shows signs of topping
3. Bear Exhaustion Signal (⚠️): When bearish volume appears in oversold territory
- Indicates a potential selling climax
- Strong reversal signal when accompanied by positive price action
- Best used for counter-trend entries during downtrends
4. Bull Exhaustion Signal (⚠️): When bullish volume appears in overbought territory
- Indicates a potential buying climax
- Strong reversal signal when accompanied by negative price action
- Best used for counter-trend entries during uptrends
Alert Messages:
Alert messages contain critical information formatted for quick analysis:
- Symbol and timeframe
- Current price and RSI value with direction indicator
- Volume metrics: z-score, deviation percentage, and statistical confidence
- Trading context suggestion
Statistical Methodology:
- Z-Score: Measures how many standard deviations the current volume is from the mean
- P-Value: Statistical measure of significance (lower values = more significant)
- Confidence: Displayed as a percentage (higher = more confidence in the signal)
- Volume Deviation: Percentage above/below the average volume
Best Practices
1. Confirm signals with price action or other indicators
2. Higher timeframes typically produce more reliable signals
3. Use the statistical confidence percentage to gauge signal strength
4. Most powerful signals occur when exhaustion signals coincide with key support/resistance levels and there a quarter or more wick size at top of candle(buying exhaustion) or at bottom of candle (selling exhaustion)
Volume NodesVolume Nodes Indicator:
What This Indicator Does:
The Volume Nodes indicator identifies and visualizes statistically significant volume events on your chart, helping you identify important price levels where substantial trading activity has occurred. Unlike standard volume indicators, Volume Nodes:
Uses statistical analysis (z-scores) to identify truly abnormal volume bars
Calculates accurate buy/sell volume ratios by analyzing all lower timeframe data
Identifies the Volume Point of Control (VPOC) for high volume areas
Visualizes significant volume ranges as they extend across the chart
Tracks when price interacts with these important levels
Key Features:
High Volume Detection: Highlights bars with unusually high volume (z-score above threshold)
Low Volume Detection: Highlights bars with unusually low volume (z-score below threshold)
VPOC Lines: Horizontal lines showing the exact price level with maximum volume concentration
Volume Range Fills: Shaded areas showing the entire price range with significant volume
Accurate Volume Metrics: Shows true buy/sell volume ratios or delta percentages derived from lower timeframe data
How to Use It in Your Trading: **Move to front in the visual order on chart**
Step 1: Identify Important Volume Zones
High Volume Bars (green/red candles) indicate where significant buying or selling has occurred
VPOC Lines extending from these bars show you the exact price level with highest volume
Range Fills show you the entire zone where significant volume occurred
Step 2: Use These Levels for Trading Decisions
Support/Resistance: VPOC lines often act as support or resistance levels
Breakout Validation: Breakouts on high volume are more likely to be valid
Low Volume Warning: Low volume bars (yellow) often indicate indecision or potential reversals
Trading with Volume Flow: Use the buy/sell ratio or delta % to confirm the strength and direction of moves
Step 3: Monitor Price Interaction with Volume Zones
When price approaches a VPOC line, watch for reaction (bounce or breakout)
When price enters a volume range area, increased volatility often follows
When price crosses a VPOC line, the line changes transparency indicating it's been tested
Tips for Optimal Use
Higher Timeframes: The indicator works exceptionally well on higher timeframes (4H, daily, weekly) where volume patterns are more significant
Range Trading: Use volume nodes to identify the boundaries of trading ranges
Combine with Price Action: Look for price action confirmation (rejections, engulfing patterns) at VPOC levels
Multiple Timeframe Analysis: Compare volume nodes across different timeframes to find confluent levels
Alert Setup: Set up alerts for when price enters important volume zones or crosses VPOC lines
Reversal Signals: High volume bars with significant wicks often signal exhaustion points where smart money is transferring positions. Bullish candles with long upper wicks suggest sellers absorbing buying pressure at highs, while bearish candles with long lower wicks indicate buyers stepping in at lows - both potentially signaling momentum shifts that precede reversals.
The indicator is particularly valuable for identifying levels where large players have been active in the market and are likely to defend or act again in the future.
Volume v3 by Koenigsegg🔹 Overview
The Custom Volume Indicator is designed for traders who prefer to view volume in a dedicated sub-window below the price chart, similar to RSI or MACD. Unlike TradingView’s built-in volume indicator, which overlays directly on the main chart, this version provides a cleaner layout by displaying volume in a separate panel.
🔹 Why Use This Indicator?
While TradingView provides a default volume indicator, this version is built for traders who prefer a separate volume panel for improved clarity and focus. Key differences:
✅ Dedicated Lower Panel Display – Unlike the default volume indicator, this version is displayed in a standalone sub-window, keeping the price chart clear.
✅ Better Chart Visibility – Helps traders separate volume analysis from price action, making trend confirmation easier.
🔹 Features
✅ Displays volume in a separate panel below the price chart for a clearer trading view.
✅ Custom color-coded volume bars for bullish volume and bearish volume.
✅ Optional Volume Moving Average (MA) for tracking volume trends.
✅ Optional Smoothed Volume Moving Average (MA) for tracking volume trends
✅ Sound Alerts on Volume Spikes, Drops and more – Get notified of significant changes in volume.
✅ Built-in Alert Sound Options – Choose from different TradingView notification sounds.
✅ Customizable settings:
- Toggle the MA on/off as needed.
- Adjust the MA length (default: 20).
- Set alert thresholds for high or low volume warnings.
📊 How to Use
- Identify high-volume breakouts and low-volume consolidations.
- Use the Volume Moving Average to confirm trends and market participation.
- Spot bullish/bearish volume surges to strengthen trade decisions.
⚠️ Disclaimer
This indicator is for educational and informational purposes only. It does not provide financial advice or trade signals. Always conduct your own research before making any trading decisions.
Volume v2 by Koenigsegg📌 Custom Volume Indicator (Separate Panel with original Alerts & Built-in Sounds)
🔹 Overview
The Custom Volume Indicator is designed for traders who prefer to view volume in a dedicated sub-window below the price chart, similar to RSI or MACD. Unlike TradingView’s built-in volume indicator, which overlays directly on the main chart, this version provides a cleaner layout by displaying volume in a separate panel.
🔹 Why Use This Indicator?
While TradingView provides a default volume indicator, this version is built for traders who prefer a separate volume panel for improved clarity and focus. Key differences:
✅ Dedicated Lower Panel Display – Unlike the default volume indicator, this version is displayed in a standalone sub-window, keeping the price chart clear.
✅ Better Chart Visibility – Helps traders separate volume analysis from price action, making trend confirmation easier.
🔹 Features
✅ Displays volume in a separate panel below the price chart for a clearer trading view.
✅ Custom color-coded volume bars for bullish volume and bearish volume.
✅ Optional Volume Moving Average (MA) for tracking volume trends.
✅ Sound Alerts on Volume Spikes, Drops and more – Get notified of significant changes in volume.
✅ Built-in Alert Sound Options – Choose from different TradingView notification sounds.
✅ Customizable settings:
- Toggle the MA on/off as needed.
- Adjust the MA length (default: 20).
- Set alert thresholds for high or low volume warnings.
📊 How to Use
- Identify high-volume breakouts and low-volume consolidations.
- Use the Volume Moving Average to confirm trends and market participation.
- Spot bullish/bearish volume surges to strengthen trade decisions.
⚠️ Disclaimer
This indicator is for educational and informational purposes only. It does not provide financial advice or trade signals. Always conduct your own research before making any trading decisions.
Volume Metrics & Market CapitalizationThis Pine Script indicator provides a comparative view of volume metrics and market capitalization to help traders analyze relative volume strength in the context of a stock’s overall size.
Key Features:
Volume Formatting:
Converts numerical values into readable units (K for thousand, M for million, B for billion, T for trillion).
Volume Metrics:
Displays current bar volume, cumulative daily volume, and 30-day average volume.
Market Capitalization Calculation:
Uses the outstanding shares multiplied by closing price to estimate market cap.
Table Display:
Shows all these values in an easy-to-read table in the bottom-right of the chart.
How It Helps Compare Relative Volume to Market Cap
Relative Volume Strength
By comparing current volume and 30-day average volume, traders can quickly gauge if today’s volume is unusually high or low.
If daily volume exceeds the 30-day average, it suggests increased market interest in the stock.
Market Cap Context
Market cap provides a reference for whether a stock is large-cap, mid-cap, or small-cap, influencing how volume should be interpreted.
A high volume surge in a low market cap stock may indicate stronger momentum compared to the same volume change in a large-cap stock.
Liquidity and Volatility Signals
Comparing volume to market cap helps determine liquidity—stocks with low market cap but high volume may be more volatile.
Example: A small-cap stock with $50M market cap trading $20M daily volume is seeing 40% turnover, a significant indicator of strong movement.
Practical Use Case
Day Traders: Spot stocks experiencing unusual volume surges relative to their market cap, identifying potential breakout or momentum plays.
Swing Traders: Assess if a stock is trading at above-average volume levels, confirming strength in trends.
Investors: Understand liquidity and potential institutional interest in stocks, as larger players typically trade in high market-cap names with sustained volume.
This indicator is a quick-glance tool for identifying high-volume stocks relative to their size, helping traders make more informed decisions on potential opportunities. 🚀
Volume ComparisonThis indicator is designed to visually compare the current day's trading volume against the average trading volumes of 3, 5, and 10 days. It highlights certain conditions based on the comparison and provides alerts.
Inputs for Customization:
1. The user can toggle visibility for the 3-day, 5-day, and 10-day average volumes using boolean inputs.
2. Average Volume Calculation:
This indicator calculate simple moving averages of the trading volume for 3, 5, and 10-day periods.
3.Conditions:
The indicator checks whether the current day's volume is greater than the respective moving averages for 3, 5, and 10 days.
4. Background Color for Visual Indicators:
If the current day's volume is greater than any of the averages and the corresponding option is enabled, the background color is adjusted:
* Green if the volume is greater than the 3-day average.
* Blue if the volume is greater than the 5-day average.
* Red if the volume is greater than the 10-day average.
5. Plotting the Averages:
The moving averages are plotted on the chart, with different colors for each (green for 3-day, blue for 5-day, and red for 10-day).
6. This indicator can be used to help visually track whether today's volume is above the moving average, which can signal increased market activity or interest.
Volume Trend Oscillator v1indicator stands out from traditional oscillators due to its focus on volume dynamics as a driver of market trends. while many oscillators are price-based, this one integrates volume activity directly into its calculations, which provides unique insights into the strength and direction of trends influenced by buying and selling pressure.
unique features
focus on volume trends
the oscillator emphasizes the distinction between bullish (upward) and bearish (downward) volume. it calculates moving averages of up and down volumes, allowing for a clear view of the net volume influence in the market.
net volume normalization
the oscillator derives its value by comparing up and down volume relative to the total net volume. this normalization ensures that the indicator adapts to varying market conditions, highlighting meaningful trends rather than absolute volume changes.
trend-sensitive background highlights
the indicator uses customizable thresholds for bullish and bearish zones. when both the oscillator and its moving average cross the thresholds, the background color changes, offering a visual cue for trend identification. this makes it easy to spot potential trend shifts.
smoothing with moving averages
the inclusion of a moving average line of the oscillator provides additional smoothing, helping to filter out noise and offering a clearer signal.
neutrality awareness
the neutral line (set at 0) and visual thresholds give traders a balanced view of market indecision or consolidation, further differentiating it from traditional oscillators that may lack a well-defined neutral state.
non-overlay and clarity
the oscillator is plotted in a separate pane, keeping the chart clean and focused. its simplicity ensures that users can quickly interpret signals without being overwhelmed.
benefits of this approach
volume-driven trend detection: it allows traders to understand whether market trends are backed by actual trading volume, making signals more reliable.
customizable thresholds: users can fine-tune the bullish and bearish levels to suit different trading strategies or timeframes.
effective in volatile markets: by focusing on volume, the oscillator adapts well to volatile markets where price action alone may be misleading.
this indicator is particularly useful for traders who want to incorporate volume dynamics into their analysis to identify potential reversals or trend continuations that might not be apparent with price-focused tools.
Volume TrendThis code defines a custom indicator called "Volume Trend" that aims to identify trends in price action based on volume changes. The indicator calculates a smoothed average of volume data and correlates it with price movements to determine potential support and resistance levels, which are then plotted on the chart. This helps traders make informed decisions about buying and selling based on volume trends.
Key Components and Functionalities:
Inputs:
len (Length): Defines the period for the Exponential Moving Average (EMA) calculation of the volume. This helps to smooth the volume data.
lb (Look Back): Determines how far back the indicator looks to calculate the highest and lowest price points in relation to volume changes.
smt (Smooth): Determines the smoothing level applied to the average of the highest and lowest points to create a smoother trend line.
Volume Analysis:
The script calculates an EMA of the volume using the specified length (len). This smoothed volume data is used to detect volume-based price movements.
Two variables, vl1 and vl2, are used to store the highest and lowest price points based on whether the current volume is higher or lower than the previous volume.
Price-Level Calculation:
The script computes an average of the highest and lowest price levels (vl1 and vl2), and then applies another EMA smoothing to create the final trend line (vl).
Color-Coding of the Trend Line:
Green (lime): When the trend line (vl) is below the current price, indicating a potential uptrend.
Red (red): When the trend line is above the current price, indicating a potential downtrend.
Yellow (yellow): When the trend line is at the same level as the current price, indicating a potential consolidation or neutral trend.
Plotting:
The smoothed trend line (vl) is plotted on the chart with color changes based on its relation to the current price (green for uptrend, red for downtrend, yellow for neutral).
Usage:
The Volume Trend indicator is designed to help traders analyze the relationship between volume and price trends. By plotting dynamic support and resistance levels based on volume changes, it allows traders to:
Identify potential uptrends or downtrends in price based on volume movements.
Spot possible consolidation areas where the price is neutral.
Make better decisions on when to enter or exit trades based on volume-driven price levels.
This indicator can be useful for both short-term and long-term traders who want to incorporate volume analysis into their trading strategies.
Advice:
If you choose the time setting 2 or 3 times higher than the graphics resolution, clearer visuals may appear.
Important Note:
This script is provided for educational purposes and does not constitute financial advice. Traders and investors should conduct their research and analysis before making any trading decisions.
Volume spike detection🔶What it is ?
Volume spike detection that is a tool to help you to define Volume spike better to know whether that is a real signal to focus to trade/invest or you should skip it.
This indicator will measure the current trading volume and then compare with average trading volume to give out volume spike signal. A candle has volume spike that will be marked by a yellow dot below the candle.
Our purpose is, help traders to define Volume spike faster and easier by automation tools and save time during analyzation to give out an exactly investing decision.
What is Volume spike in detail ?
To help you to undertand better about Volume spike, please refer to below picture :
We're having some candles that their trading volume are higher than average volume (blue line on the bottom of chart). They're candles with volume spike and giving us the signal about a huge money flow joined to Bitcoin at that time. You should be careful if you're taking any position that is reversal with these trading volume.
🔶 Who can use it ?
1. All traders who are using NCI, ICT , Smart money concepts, MACD system and other systems...
2. Recommend to use it for H1 timeframe and higher
3. All traders who are trading on Forex, Crypto, Stock, Indicies...
4. All traders who are new or experienced traders
5. Recommend to use for investing or long swing trader
🔶 The purpose of indicator
1. Define big money flow when it joined to market.
2. Helping trader to define MOMENTUM of WAVE
3. Helping trader to define MOMENTUM of candle/price patterns
4. Always "Empty your mind" during Trading because you checked chart less with automation tool.
🔶 How will indicator appear on chart
After you added it on chart, indicator will mearsure and give out the candle having volume spike. Indicator will mark a yellow dot right below the candle for you to recognize the power better.
🔶 INPUT value
There're 2 input value that you can change if you need :
1. Spike ratio % : The value is over from average trading volume
As above picture, you can see we're having 3 volume that is over average trading volume.
The gap is from average value to highest trading volume is spike ratio.
2. Trading period : Here is length of period you want to compare.
For example, you want calculate average volume of 20 periods before as standard to compare and judge a volume spike.
I recommend to set these numbers as default.
🔶 How to use indicator
After setting indicator, indicator will mearsure and run automatically to mark volume spike below the candles on your chart.
You can combine volume spike with your own system to define momentum of wave, price patterns to trade or invest normally.
I hope this indicator help you to trade more effectively.
Volume Footprint Voids [BigBeluga]Volume Footprint Voids is a unique tool that uses lower timeframe calculation to plot different styles of single candle POC.
This indicator is very powerful for scalping and finding very precise entry and exits, spotting potential trapped traders, and more.
Unlike many other volume profiles, this aims to plot single candle profiles as well as their own footprints.
🔶 FEATURES
The script includes the following settings:
Windows: Plotting style and calculations
Coloring modes
Display modes
lower-timeframe calculations
🔶 CALCULATION
In the image above we can see how the script calculates each level position that will serve as a calculation process to see how much volume/closes there are within the levels.
In the image above, we can have a more clear example of how we count each candle close.
We use the prior screenshot as an example, after setting each level we will use the lower-timeframe input to measure the amount of closes within the ranges.
Depending on the lot size, the box will be larger or smaller, usually the POC will always have the highest box size.
NOTE: Size is the starting point, always from the low of the candle.
To find more voids, select a closer LTF to the current one you're using.
To find fewer voids, select a timeframe away from your current one.
Due to Pine Script limitations, we are only able to plot a certain amount of footprints, and we can't plot the whole history chart.
POC will be the largest block displayed, indicating the time point of control
Gray areas are closes above the average
Black are Void or imbalance that price will fill in the future, like FVG
The image above shows an incorrect size input that will lead to bad calculations, while on the other side, a correct size input that will lead to a clear vision and better calculation.
🔶 WINDOWS
The "▲▼" Mode will display delta buyers and delta sellers coloring with voids as black.
It also offers a gradient mode for a beautier visualization
The "Total Volume" mode will display the net volume within the lot size (closes within the levels).
This is useful to spot possible highest net volume within the same highest lot size.
The "POC + Gaps" will show both POC and Gaps as the highest block while all the rest will be considered as the smaller block.
This is useful to see where the highest lot were and if there are higher or lower imbalances within the candle
The last option "Gaps" will simply display the gaps as the highest block, while the POC as the lowest block.
This is useful to have a better view of the gaps areas
🔶 EXAMPLE
This is one of the most basic examples of how this script can be used. POC at the bottom creating a strong support area as price holds and creates higher voids gap that price fills while rising.
🔶 SETTINGS
Users have full control over the script, from colors to choosing the lower-timeframe inputs to disabling the lot size.
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.
Volume accumulation on past range [TCS] | VTAThe indicator calculates buy and sell volume values for different look-back periods based on the high, low, close, and tick volume data of the chart.
The range can be selected by adding the end date and the look-back period, which starts from the end date. It can calculate a maximum of 100 candlesticks.
The calculated buy and sell volume values are stored in separate variables, representing cumulative volume values over their respective look-back periods. It's important to note that the provided code calculates the buy and sell volume values individually for each look-back period and then sums them.
This information can be useful in understanding who is in control of the market during the selected range. The 'heatmap' is particularly helpful in identifying areas of high or low trading activity, which can help define support and resistance levels.
For example, if there is a greater accumulation of bullish volume than bearish volume and a break occurs in a resistance area, it may present a good entry opportunity.
Please note that this indicator is for educational purposes only and should not be used for trading without further testing and analysis.
Volume Candlesticks [cajole]
This script lets you create the equivalent of "volume candlesticks" in TradingView.
"Volume candlesticks" normally vary their width according to the bar's volume. This script varies COLOUR instead of WIDTH.
Bar charts are also supported.
Candles/Bars are coloured by their distance from the average volume. You can also add a "huge volume" colour to further highlight the most extremely-high volume bars.
Note that volume is extrapolated for incomplete bars by default. So, if the average volume of the past 10 days is 5M shares, and 5M shares trade in the first 10% of today's session, that bar will be coloured as though 50M shares have traded. Set the "Extrapolate" option to 1.0 to disable this.
For this script to work properly, you should set TradingView's default candle/bar colours to be at least 20% transparent. By default, TradingView tends to overlay its own bars on top of indicators.
Nerdy details:
The script works best on a dark background, because it is easier to change the hue of white bars than of black bars. If you find a set of colours that work for white backgrounds, please comment with them!
The geometric mean is used instead of the arithmetic mean, to keep the 'average' from being strongly influenced by spikes. Bars are
then coloured by assuming a normal probability distribution and highlighting outliers. (This means that the first high-volume bars are coloured differently to later ones.)
Volume-Weighted Closing Range (TG Fork)Volume-weighted closing range of each bar. Closing range is (high - close) relative to the length of the wick (high - low). A close at the top of the wick would be 100%, middle 50%, bottom 0%. This is then multiplied by volume to weight towards high volume bars.
A moving average is applied to visualize trend in volume-weighted closing range over time.
Options include changing the threshold of bullish closes. The default is 50%, but you can view a close above 40% as a bullish .
How to use:
Columns indicate per-bar closing range, and can be used as either a buying-selling pressure indicator, or as an overreaction detector (eg, bars that are abnormally big can be used to start a fading/contrarian trade next bars). Green means the bar closed in the upper range, red in the lower range.
The cloud is the moving average over several bars (by default using EMA). This tends to represent sentiment over a period of time, and hence trend/momentum. Can be used in any timescale, even on weekly, then this represents the market cycles.
If you like this indicator, please show the original author your appreciation:
Volume Crop ━ Hidden Volume Divergence [whvntr] Volume Divergence
• Formula originated from: "Hidden Price Divergence" (circles) by TheLark. I did two things to harness its
effectiveness:
• Firstly, I developed a unique way to filter out the divergence signals that were appearing on both sides of the
midline. This filter will be known as the "Midline Tool" . It filters out a lot of the false signals commonly
associated with oscillators.
• Then, I modified the default format from Price to Volume.
• The midline formula "Midline Tool" was developed by me . It adjusts in the thousands since it's volume.
Let me know in the comments if you would rater have a smaller step value than 10,000. How does it work?
Crossover then Crossunder, the arrows only appear during the first sign of hidden volume divergence once
crossing the midline. Normally, these signs appear on both side of the midline both bearish and bullish no
matter if it's on an oversold or overbought side of the spectrum... Also, let
me know in the comments if you would like for me to release an oscillator version of this
indicator for co-witnessing.
Features:
• Volume divergence
• Midline Tool©
• Disclaimer: This indicator does not constitute investment advice. Trade at your own risk with the investments
you can afford to lose because all financial investments have risks and this is not a
guarantee that the volume divergence will be 100% all the time.
Volume Density w/barcolorOpacity limit set to 70 min & barcolor overlay
The transparency of each candle is based on volume density.
Volume density is calculated as follows.
Volume density = Volume / Price range
Price range uses true range "max(high - low, abs(high - close), abs(low - close))".
Since volume density varies drastically by stock or time, the transparency is calculated based on the deviation rate from the average volume density.
Volume Entry CandlesIntroduction
For Wyckoff, three things are important in analyzing the market: price, time, and volume . This indicator provides two types of signals:
- linked to large movements of volumes (red and purple circles on top);
- large price movements concerning volatility (green/red triangle up/down);
In the first case, it highlights the volumes that differ from the most common values, allowing us to trace the levels that the market feels.
Two levels highlight the volume peaks and two calculation methods can be chosen: by exponential moving average or by standard deviation.
In the second case, the signal is based on Volatility and highlights the cases in which the high and low of the last three candles exceed the ATR by a certain number of times. This may indicate situations where the market corrects the price after a fairly large move.
in addition, a table will give us statistical information that tells us:
- from how many candles a condition does not occur
- the average of the candles for which it occurs
- the maximum number of candles for which this condition has not occurred
Obviously, like any statistical tool, it is not intended as absolute certainty
Settings
Analyze all / Minutes: By checking the box, we analyze all the candles in the chart, removing the check will only analyze the period set in minutes.
Type of Level: Select the strategy to calculate the critical levels of the volumes, we can choose Ema or Standard Deviation.
Minimum tail in %: here we can exclude candles where tails aren't enough big, for example if we want to exclude candles without a tail. Use a negative value to ignore this control
We then have three groups:
- the first for the EMA ;
- the second for the Standard Deviation;
- the third for the ATR and its multiplier;
each has configuration parameters such as period and multiplier
Period: length for Ema , or Standard Deviation or ATR function
level1 and level2: they are the multipliers for the two levels
ATR multiplier: multiply the ATR value that must be exceeded by ( high-low ) of the last few candles
n candles: set the number of candles
Help
Show Vol Histogram to fine-tuning: if checked show histogram and lines to tune the indicator
Dimension: to set the histogram dimension
Base: set the price level where we want the histogram, in fact, the histogram is not dynamically displayed, it needs a price to appear
How to use
I follow this step for scalping trading:
- Select time frame 1 minute;
- Personally, I deselect "show the first level", and use only the second level;
- In the candles indicated by the purple circle and I draw a horizontal line on the closing of the candle;
- I can use the levels plotted with time frames at 1min also the time frames at 3min and 5 min
the volatility trigger appears as green/red columns in the histogram.
- green colors indicate a bullish reversal;
- red colors indicate a bearish reversal;
Example Bullish reversal
Moderate risk:
Entry point: above high
Stop loss: below low
High risk:
Entry point: a half body of the trigger candle
Stop loss: 1 ATR below the low of the trigger candle
Tips
Pair this indicator with some Moving Average and/or divergence indicator.
This is the twin of an indicator that I made, called "Volume Analysis". It's better if you prefer to analyze levels by yourself and keep the volume values always visible
Volume Price Change RatioMessing around with this two point selecting ability I recently learned about from Tradingview's CAGR. Here is a script that will tell you changes in volume(obv)/price, volume to price change ratio, and the average volume to price change ratio for the length you define in the settings menu. You can use this to compare the ratio of a current pump to an older pump to help assess the strength of a movement. Enjoy!
Volume x Price in Crores + RVolScript is designed predominantly for Indian users. Many are used to looking at numbers in lakhs and crores vs millions and billions, this provides a volume figure in rupee crores.
Formula is last close_price x volume / 1 cr or (close_price x volume /10000000). The second figure is the simple moving average (default to 20sma ) again in rupee crores. The third is the relative volume - todays volume / 20 day moving average.
Helpful especially when putting on a trade for a thinly traded stock. It is a quick gauge to how large or small one would want to buy or avoid. Helps manage risk. Also, great to see large volumes in crores to gauge institutional buys or sells.
On 10/NOV/21 - In the chart displayed here, Titan volumes are on average quite substantial as one can see. The 20 day moving average is 550 CR+. 10/NOV volumes are shown as 226 CR and the RVOL is 0.41 (226/550).
Volume Ranges (VSA)The script is intended for volume analysis
It shows if the volume is low, average, high or ultra-high.
Can be applied to any timeframe and any asset.
There're two calculation methods user can choose from:
1. Ranges - it allows to set a lookback period and moving average type to calculate averages
2. Deviations. In this case only one setting is applied - lookback period. Average type is not involved in this calculation method
Play around to figure out which one is better for you
Colors are:
Red - low volume
Green - avg volume
Yellow - high volume
Blue - ultra high volume
[AKM] VolumeVolume breakout as entry indicator. This indicator will mark the candle as the volume spike/surge, indicate that institution/big player a.k.a jerung/shark make their entry on the market. Please use this indicator along with the AKM Setup4 indicator, as your entry will be depending on the divider line indicate in indicator AKM Setup4.
Rules:
1. Make sure which one are the latest candle volume breakout.
2. Make sure the 1-2-3 pattern has been formed.
3. Your entry position will be based on divider line in AKM Setup4 indicator. Buy entry if the volume breakout happen in Buy Zone or vice versa.
Background Color = Volume that lower than the value set in Low Volume will be in yellow color. Green color will be indicate if close > open and volume bigger than Low Volume. Red color for open > close and volume bigger than Low Volume.
Volume Surge = This will mark a boundary if volume bigger than the value set in Low Volume until the new surge detected.
Average Volume = This will mark a boundary if volume bigger than the value set in Average Volume Candle Bar until the new surge detected.
Remarks : Default value is for Future Crude Palm Oil (FCPO) in 3 minutes timeframe.
Send us private message on TV to gain access to the indicator.
