High Liquidity Zones and Threshold VolumeThe High Liquidity Zones indicator is designed to identify areas of significant liquidity in the market. It helps traders recognize regions where trading volume is notably higher, indicating potential areas of increased market activity and interest.
The indicator calculates the average volume over a specified lookback period, which can be customized according to individual preferences. This average volume acts as a reference point to determine the threshold volume level. The threshold percentage input allows users to set the sensitivity of the indicator, defining the minimum volume required for an area to be considered a high liquidity zone.
When the current volume surpasses the threshold volume level, the indicator highlights these areas as high liquidity zones. This visual representation allows traders to quickly identify and focus on periods of heightened trading activity. The high liquidity zones are marked with square shapes below the histogram, providing a clear visual indication on the chart.
The first plot line represents the threshold volume level as a histogram, showing the volume levels in relation to the threshold. This histogram helps traders assess the magnitude of the volume in the identified high liquidity zones.
The second plot line represents the threshold volume's simple moving average (SMA) over the lookback period. The SMA acts as a reference line, smoothing out fluctuations in the threshold volume and providing a more stable measure of high liquidity zones. Traders can use this line to better understand the overall trend and dynamics of liquidity.
The High Liquidity Zones indicator offers flexibility, allowing traders to adapt it to their preferred trading style and timeframe. By adjusting the lookback period and threshold percentage, users can fine-tune the sensitivity of the indicator based on their trading strategies and market conditions.
Furthermore, traders can combine the High Liquidity Zones indicator with other technical analysis tools to confirm trading signals or identify areas of potential support and resistance. It can help them locate price levels where market participants have a substantial presence and where significant buying or selling pressure may occur.
Overall, the High Liquidity Zones indicator is a valuable tool for traders seeking to gain insights into market liquidity dynamics. By highlighting areas of intense trading activity, it assists in making informed trading decisions and identifying opportunities within the market.
Komut dosyalarını "Volume" için ara
Normalized Elastic Volume Oscillator (MTF)The Multi-Timeframe Normalized Elastic Volume Oscillator combines volume analysis with multiple timeframe analysis. It provides traders with valuable insights into volume dynamics across different timeframes, helping to identify trends, potential reversals, and overbought/oversold conditions.
When using the Multi-Timeframe Normalized Elastic Volume Oscillator, consider the following guidelines:
Understanding Input Parameters : The indicator offers customizable input parameters to suit your trading preferences. You can adjust the EMA length (emaLength), scaling factor (scalingFactor), volume weighting option (volumeWeighting), and select a higher timeframe for analysis (higherTF). Experiment with these parameters to optimize the indicator for your trading strategy.
Multiple Timeframe Analysis : The Multi-Timeframe Normalized Elastic Volume Oscillator allows you to analyze volume dynamics on both the current timeframe and a higher timeframe. By comparing volume behavior across different timeframes, you gain a broader perspective on market trends and the strength of volume deviations. The higher timeframe analysis provides additional confirmation and helps identify more significant market shifts.
Normalized Values : The indicator normalizes the volume deviations on both timeframes to a consistent scale between -0.25 and 0.75. This normalization makes it easier to compare and interpret the oscillator's readings across different assets and timeframes. Positive values indicate bullish volume behavior, while negative values suggest bearish volume behavior.
Interpreting the Indicator : Pay attention to the position of the Multi-Timeframe Normalized Elastic Volume Oscillator lines relative to the zero line on both timeframes. Positive values on either timeframe indicate a bullish bias, while negative values suggest a bearish bias. The distance of the oscillator from the zero line reflects the strength of the volume deviation. Extreme readings, both positive and negative, may indicate overbought or oversold conditions, potentially signaling a trend reversal or exhaustion.
Combining with Other Indicators : For more robust trading decisions, consider combining the Multi-Timeframe Normalized Elastic Volume Oscillator with other technical analysis tools. This could include trend indicators, support/resistance levels, or candlestick patterns. By incorporating multiple indicators, you gain additional confirmation and increase the reliability of your trading signals.
Remember that the Multi-Timeframe Normalized Elastic Volume Oscillator is a valuable tool, but it should not be used in isolation. Consider other factors such as price action, market context, and fundamental analysis to make well-informed trading decisions. Additionally, practice proper risk management and exercise caution when executing trades.
By utilizing the Multi-Timeframe Normalized Elastic Volume Oscillator, you gain a comprehensive view of volume dynamics across different timeframes. This knowledge can help you identify potential market trends, confirm trading signals, and improve the timing of your trades.
Take time to familiarize yourself with the indicator and conduct thorough testing on historical data. This will help you gain confidence in its effectiveness and align it with your trading strategy. With experience and continuous evaluation, you can harness the power of the Multi-Timeframe Normalized Elastic Volume Oscillator to make informed trading decisions.
Volume change [ Unlimited ]This indicator displays volume and volume change information on a chart. It is designed to help traders analyze changes in trading volume over time and identify potential trading opportunities.
The indicator takes an input from the user to set the length of the exponential moving average (EMA) applied to the volume data. This EMA is used to smooth out short-term fluctuations in volume and highlight the overall trend in volume.
The indicator calculates whether the current bar is up or down and calculates the change in volume. It then sets the color of the volume and volume change columns based on whether the bar is up or down and whether the volume change is positive or negative.
By displaying this information on a chart, the indicator can help traders identify patterns or trends in volume and volume change that may indicate potential trading opportunities. For example, increasing volume along with rising prices could indicate strong buying pressure and a potential bullish trend, while decreasing volume along with falling prices could indicate weak selling pressure and a potential bearish trend.
[blackcat] L1 Volume DynamicsLevel: 1
Background
Use the difference of Jurik MA and SMA equivalent (ALMA) to observe something new for volume.
Function
Trading volume is an important technical indicator that is not easy to see the law. I try to match the trading volume with the deduction theory, and the deduction double-average theory is matched with the measurement capacity. I will compare the two moving averages of ultra-short-term, short-term, medium-term and long-term. The faster moving average I choose is Jurik MA (JMA), because it is faster than EMA under the same parameters, and the smoothing effect is very good. In addition to the slow moving average, I use ALMA to benchmark SMA. Because the smoothing properties of ALMA are better. A law is used here, that is, the equivalent relationship between ALMA and SMA is approximately a Fibonacci sequence. I can dynamically apply this amount to the Bitcoin market and see some interesting phenomena.
What is double average volume? According to normal circumstances, JMA will follow the transaction volume faster than SMA. The transaction volume is normally rising above the double average volume, and the transaction volume is normally falling below the double average volume. When the SMA follows the trading volume faster than the JMA, it is abnormal (usually occurs in the divergence segment), that is, the JMA is above the SMA, but the trading volume is below the SMA (the bottom divergence volume pile), the top divergence volume pile is the opposite process. The trading volume is between the double average volume, which is the finishing volume energy. It can be used in the breakthrough of the box and the bottom of the pot. By comparing the strength of the current trading volume with the strength of the trading volume on the upper edge of the box or bottom structure, it can improve the success rate of predicting the breakthrough, especially for the observation effect of large funds latent.
Remarks
Feedbacks are appreciated.
Projected VolumeThe indicator projects what each candle's final volume will be based on the amount of volume per second so far.
Options:
Disable Projected Volume: Show current volume Instead of projecting the final volume
Show Volume Pressure: Adds a visual representation of the volume from the candle wick that is moving against the current direction.
When Volume Pressure is enabled:
On a green candle:
The red part represents the upper wick, the volume as the price comes back down from its high
The green part represents the rest of the candle, the volume as the price goes up from its low to the close
On a red candle:
The green part represents the lower wick, the volume as the price comes back up from its low
The red part represents the rest of the candle, the volume as the price goes down from its high to the close
If Volume Bars Overlap with Chart:
By default, the volume bars are overlayed in the same chart pane as the candles, with the scale on the left side. If they overlap and interfere with the candles, you can fix with these options:
To move indicator to a new pane below the chart:
Select the indicator and click on the 3 dots "..."
Select Move To > New Pane Below
Select Pin to Scale > Pin to Scale A (this will move the scale to the right side)
To adjust volume bar scale:
Go to the scale on the left/right side, hold down the mouse and drag it up/down to make the volume bars longer/shorter
To move the entire volume block up/down on the chart, click on the volume bars and hold down the mouse, then drag it up/down
To update to the latest version, just close the indicator and add it again.
Volume Histogram [SpiritualHealer117]This indicator is a histogram produced with Pinescript's boxes and is helpful for spotting support, resistance, and key levels. The indicator shows the volume executed at each source price over a customizable time period. The "Key Level" in this indicator is the price at which the most volume was executed, and the "Major Levels" are levels where volume was over a percentile threshold, which you can customize in settings. Feel free to give any feedback on the indicator or make a copy for yourself!
[MACLEN] VolumenTotal
With this indicator, it is intended to know the total volume of the market, adding the volume of the different exchanges in a single indicator.
Volume Filtered *All Candlestick Patterns* [KT] Hello!
This script uses TradingView's *All Candlestick Patterns* indicator and includes a volume filter.
The frequency of each candlestick pattern is recorded in addition to the subsequent session's outcome - higher or lower close.
The requisite volume for the pattern is configurable; formations will not be distinguished when volume is less than the defined lower threshold.
For example, setting the volume threshold to 10% forces the script to identify candlestick patterns in which volume for the session (candle) is 10% greater than the volume moving average. All candlestick patterns with volume less than (1.10 * volume MA) are discounted.
The script counts the frequency of each pattern - the number of times the pattern occurred - in addition to the next candle's outcome.
Pertinent statistics are displayed in the table, which can be hidden.
I plan on working on the script quite a bit more; please comment a suggestion if you have one! What else should be included?
Total VolumeThis simple indicator unifies the volumes of multiple exchanges/brokers. The idea of this indicator stems from the need to monitor the movements made by whales on other markets that can actually influence the price (manipulations, arbitrage, etc.).
Basically, we can:
* choose the number and symbols
* choose with which algorithm to merge the volumes (sum, average, weighted average, maximum)
* color the histogram (based on the dominant exchange, classic green/red color, no color)
Furthermore, there is a summary table which, in addition to indicating the volume for each exchange, also indicates the color attributed.
you can see the volume of the current exchange behind the volume obtained by the algorithm.
If you have any questions, doubts or suggestions please write to me.
Fr3d0's Volume Profile Visible RangeLow level implementation
At the core of VPVR there’s a concept called “bucketization”.
Question : what is bucketization?
Answer : bucketization consists of identifying metrics with high predictive power and combine them appropriately.
I think this is a problem of bucketization because what the VPVR does is to take a price range, divide it into buckets and fill them up with the volume that was produced in each bucket’s range over the given period.
The more we divide our price range the finer the resolution, but also the less significant each bucket will become.
The steps are :
1. Get the price range with min and max over the give period;
2. Divide the range into buckets;
3. Loop over each candle of the given period and proportionally assign volume to one or more bucket.
Question : how to assign volume to buckets?
Answer : we need to calculate the right amount to add to each bucket for each candle. If 20% of a candle lies on a bucket then that bucket needs to have 20% of the volume of that candle, the rest 80% belongs to other buckets.
To get the percentage of a candle on a given bucket we have to find the price range of the candle contained within the bucket, then divide that amount by the entire length of the candle.
How to bucketize
Question : what are the formulas of A, B, C and Target respectively?
Answer :
- A = Max(candle_high, bucket_top) - Min(candle_low, bucket_bottom);
- B = Max(candle_high, bucket_top) - Min(candle_high, bucket_top);
- C = Max(candle_low, bucket_bottom) - Min(candle_low, bucket_bottom);
- Target = A - B - C.
Now that we now how to calculate the price range belonging to each bucket we need to calculate a percentage of volume to fill the bucket with.
The formula is trivially simple :
Volume * Target / (candle_high - candle_low).
Question : can we distinguish between buy volume and sell volume? If so, how?
Answer : yes we can and the following paragraph will teach you how.
Put it simply we can use the difference between the extremes of a candle (low and high) and its close price to get the buy and sell volumes.
The formulas for that are :
- Buy volume = Volume * (close - low) / (high - low);
- Sell volume = Volume * (high - close) / (high - low).
I know this is rather simplicistic but it makes sense.
Closing thoughts
This script is a working progress and I’m going to give more details if necessary, just let me know in the comments down below.
Net VolumeNet Volume, or NV in short, is a cumulative volume indicator similar to OBV and A/D. Though it might look similar to these two indicators (especially A/D), rest assured it's better and more accurate than both. What it basically does, is dividing the volume session into buyers and sellers volumes; then subtracts former from the latter and adds the result to previous session's net volume (In the script, these two intermediate volumes are not calculated and only the subtraction is formulated in an integrated form).
Another important difference between NV and A/D indicator, is that it brings price gaps into account. That's why it requires next session's open price to calculate current session's NV. What it actually mean is that the price gap, in either direction, is the result of the traders' efforts in respective direction in previous session, as if the current session closes where next session opens.
Close and Open for Volume Profile AnalysisThis script adds arrows to where Open and/or Close are.
It is usually better to study seasonal volume with candles off, yet it is worth knowing where the closing price is.
Day's Buy Sell Volume label
This indicator looks simple but it was bit tricky to code and to make it work on all time frames .
I have used array in this to showcase the use of array, array give you more flexibly.
It works on all time frame 1m 2m 3m 5m 10m 15m 30m 60m 120m.
When the time frame is greater than the or equal to "D" it will show the current bar volume only.
Total volume is made up of buying volume and selling volume. Buying volume is the number of shares, contracts, or lots that were associated with buying trades, and selling volume is the number that were associated with selling trades.
This indicator shows two labels green one is showing the buying volume of the current day and the red label is showing the selling volume of the current day.
I am making this code available to all.
This code is for Total volume is made up of buying volume and selling volume. Buying volume is the number of shares,
contracts, or lots that were associated with buying trades, and selling volume is the number that were associated with selling trades.
//thanks to @Doc6272 who asked to make this indicator Label
Poor man's volume profileThis is an attempt to get something more or less similar to the volume profile for free.
The code is generated using a template. To change the settings, you may need to regenerate the code. The code has a link to the repository with the template.
Attributable VolumeA volume indicator which calculates "Attributable Volume”, the portion of volume which contributed to the direction in which the candle moved.
Attributable Volume is calculated as: Total volume excluding the "counter wick" volume.
Where for a green (up) candle, the "counter wick" volume is the top wick volume.
In theory, Attributable Volume should better represent the effort of directional thrust of each candle.
By default, this indicator displays “Attributable RVOL”, but can be set to:
Attributable RVOL
RVOL
Attributable Volume
Volume
Note: RVOL = Relative Volume, the current volume divided by the Volume moving average. RVOL can be used to identify major moves, and potential starts/ends to trends.
VSA VolumeVolume indicator judging level of volume per bar accordingly to Volume Spread Analysis rules. It allows either to set static volume levels or dynamic ones based on ratio comparable to Moving Average. Bars are coloured based on ratio or static levels, visually presenting level of Volume (low, average, high, ultra high).
Renko Weis Wave VolumeThis is live and non-repainting Renko Weis Wave Volume tool. The tool has it’s own engine and not using integrated function of Trading View.
Renko charts ignore time and focus solely on price changes that meet a minimum requirement. Time is not a factor on Renko chart but as you can see with this script Renko RSI created on time chart.
Renko chart provide several advantages, some of them are filtering insignificant price movements and noise, focusing on important price movements and making support/resistance levels much easier to identify.
As source Closing price or High/Low can be used.
Traditional or ATR can be used for scaling. If ATR is chosen then there is rounding algorithm according to mintick value of the security. For example if mintick value is 0.001 and brick size (ATR/Percentage) is 0.00124 then box size becomes 0.001. And also while using dynamic brick size (ATR), box size changes only when Renko closing price changed.
This tool is based on the Weis Wave described by David H. Weis (a Wyckoff specialist). The Weis Waves Indicator sums up volumes in each wave. This is how we receive a bar chart of cumulative volumes of alternating waves and The cumulative volume makes the Weis wave charts unique.
If there is no volume information for the security then this tool has an option to use “True Range” instead of volume .
Better to use this script with the following one:
Enjoy!
Relative Volume RVOL AlertsRelative Volume or RVOL is an indicator used to help determine the amount of volume change over a given period of time.
It is often used to help traders determine how in-play a ticker is.
General rule of thumb is the higher the RVOL, the more in play a stock is.
I myself like to use it as a substitute of the volume indicator itself.
Basic Calculation:
Relative Volume = Current Volume / Average Volume
Crossover Signals:
Any time there is a volume spike which causes a crossover of the user set 'Smoothed Moving Average' or 'Threshold' a green/red dot will appear at the top. The color of the dot is dependent on closing of the candle. Therefore it does not necessarily mean price will continue in that direction since volume spikes often happen in peaks or valleys.
Threshold:
The level at which custom alerts and signal can be set. The higher the value, the more volume required to trigger.
Built in Alerts:
You can set custom alerts for the crossovers of the adjustable threshold, or the average RVOL band.
Fibonacci Volume Average FIBOLUMEEl gráfico de volumen por defecto determina el promedio del volumen asignando el mismo peso o importancia a los volúmenes del rango de días, con FIBOLUME se asigna un peso o importancia mayor y de forma incremental a los últimos precios y asignando menos pesos o importancia a los mas antiguos. en algunos casos un gran volumen de un día afecta mucho el promedio de otros días con un volumen menor no devolviendo un dato real del comportamiento del mercado a lo largo del rango de fechas
[Xzhi] Net VolumeUse net volume to find areas of reversal. This is not meant to be used on its own, and requires others tools, but it is helpful in identifying possible points of entry. Area's with lots of market participants could signify a reversal, depending on the positions entered.
Edit the source code to suit the currency pair you are trading.
Volume Adaptive BandsIntroduction
I have been asked by @Coppermine and @Verbena to make bands that use volume to provide adaptive results. My first approach was to use exponential averaging, in order to do so i needed to quantify volume movement using rescaling with the objective to make the bands go away from each others when there is low volume, this approach is efficient and can work on any time frame, however i decided at the end to use another method which rely on recursive weighting, cleaner but more parametric. Those bands aim to highlight great breakouts point to go with the trend.
The Indicator
length control the period of the moving averages used in the script, however low length's don't necessarily provide indications for shorter terms breakouts as shown here :
As i said the bands are close to each others when there is high volume and away when there is low volumes.
Low volume period, bands will avoid to cross price
High volume, bands will be close to generate signals.
Correction Factor
Higher time frames will lower the distance between each band, this is because volume is higher during higher time frames, remember that the indicator bands are close to each others when volume is high.
1h chart eurusd.
This is why i added a correction factor, this factor can help you control the distance between each bands, when the correction factor is greater than 1 the bands will be closer to each others, this is useful for low time frames where the average volume is lower. When the time frame is high, use values between 0 and 1 to increase distance between each bands.
Correction factor = 0.2
Conclusion
I presented a new adaptive band indicator that adapt to trading volume by using recursive weighting, volume can be replaced by other indicators but you can have results going nuts, at the end its about experimentation. I hope you will find an use to it, thanks to @Coppermine and @Verbena for the request :)
Thanks for reading !
Highest Volume Index by ParaticaIt's an algorithm used in Paratica. It shows volume based volatility.
