Weighted Volume Profile Pivot Points | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Weighted Volume Profile Pivot Points (WVPPP) Indicator! This indicator renders a volume profile using the latest pivot points, automatically adjusting itself when new pivots occur. The pivoting mode can be switched between default pivot points and order blocks mode. It can be adjusted to give more weight to recent or past candlesticks, or can be used as a normal volume profile. For more information, please read the full write-up.
Features of the new Weighted Volume Profile Pivot Points (WVPPP) Indicator :
Renders Volume Profile Of The Range Between Latest Pivots
Two Pivoting Modes Including Order Blocks Mode
Adjustable Weighthing Towards Past or Recent
Customizable Row Count & Maximum Distance
Left or Right Alignment
More Styling Options
🚩UNIQUENESS
This indicator stands out with two key features. One is it's ability to weight volumes based on their distance to the current time. Giving weight to volumes may offer new trading opportunities to traders as they can now see the most recent Point Of Control (POC) or a more powerful but past POC based on their choice. Another key feature the indicator has is that it automatically finds latest valid pivot points, and uses that range for the volume profile. The range changes dynamically as new pivots points emerge. You can select between normal pivot points and order blocks mode. The indicator also has a variety of useful styling settings such as aligning the volume profile to the right or the left of the chart, POC Line styling and color settings for bullish & bearish volumes.
📌 HOW DOES IT WORK ?
A volume profile provides an in-depth look at trading activity over a period of time by plotting a histogram on the price axis. This indicator can also give weight to volumes based on their distance to the current time, essentially determining their importance for the profile. The range which the volume profile will cover is determined by the latest pivot points. Here is how it works step-by-step :
1. Determine how much candlesticks the volume profile will cover (Analyze Bars setting)
2. Find the latest pivot points. If the mode is set to "Pivots", the pivot points are the candlesticks which has the highest / lowest wick in X amount of bars (Swing Length setting). If the mode is set to "Order Blocks", the volume profile range is the area between the latest buyside order block and the sellside order block. Order blocks occur when there is a high amount of market orders exist on a price range. It is possible to find order blocks using specific candlestick formations on the chart. For more information about the order block detection, I suggest you checking the write-up of our "Volumized Order Blocks" script. Increasing the "Swing Length" setting is recommended when the mode is set to "Pivots", as this will help in finding stronger pivot points.
3. Make a range using the latest pivot points, then divide it into rows (Row Count setting)
4. Then for each candlestick, add it's volume to the corresponding row in the range. Note that the volume can be added into several rows if it overlaps with them all.
5. If the candlestick is a bullish candlestick, we add it's volume into the bullish volume of the row, if it's a bearish candlestick, we add it to the bearish volume of the row.
With the weighted volume mode, which is activated if "Volume Weighthing" setting is set to "Recent" or "Past", all volumes get a penalty based on their distance to the latest candletstick. For example, if the setting is set to "Recent", the latest candlestick contributes it's volume by 100% to the corresponding row, but the candlestick which is 50 candlesticks far from the current candlestick only contributes it's volume by ~17% to the row. The same applies to the "Past" setting, but in the reversed order, where past candlesticks have more priority than the current ones.
Volume contribution percent for "Recent" setting : ((100 * 0.85) / (i + 1)) + (100 * (1.0 - 0.85))
Volume contribution percent for "Past" setting : ((100 * 0.85) * ((i + 1) / N)) + (100 * (1.0 - 0.85))
Where i = candlestick index from right to left, N = total number of candlesticks analyzed by the volume profile.
The Point Of Control (POC) line is drawn from the row with the most total volume, and is generally considered as a strong level because a lot of trading volume happened on that particular row. Traders may use this line as a support & resistance level.
We believe that automatically ranging the volume profile to important pivot points will help traders see crucial volume information easier without unnecessary hassle. Traders can use this indicator to have an insight of areas which price moves quickly without much volume, or see areas that holds the price still for much longer and plan their trades accordingly.
⚙️SETTINGS
1. General Configuration
Mode -> The pivoting mode that is switchable between "Pivots" and "Order Blocks" as described in the write-up. Please read the upper section to understand how this setting works.
Analyze Bars -> Total amount of bars that will be analyzed by the indicator from right to left.
Row Count -> The amount of rows that will the vertical range between pivot points will be divided into.
Volume Weighting -> The volume weighting mode as explained in the write-up.
2. Style
Highlight Sessions -> The volume profile sessions will be highlighted with a blue tint. To prevent confusion, highlighting will not work if the alignment is set to "Right".
Align To -> The alignment of the volume profile.
Hacim
Volume Pairwise Highlight### Volume Pairwise Highlight
**Overview:**
The "Volume Pairwise Highlight" Pine Script is designed to analyze and visualize the relationship between the volumes of consecutive candlesticks in a trading chart. This script calculates the high-low difference of each candlestick and plots it, while also highlighting specific conditions in the volume histogram.
**Key Features:**
1. **High-Low Difference Calculation:**
- The script calculates the difference between the high and low prices of each candlestick.
- This difference is plotted as a histogram on the main chart for easy visualization.
2. **Volume Condition Highlight:**
- The script checks if the volume of the previous candlestick is higher than the volume of the current candlestick.
- If this condition is met, the current volume bar is highlighted in red; otherwise, it is colored green.
- This helps traders quickly identify periods where there was a drop in volume compared to the previous period.
3. **Volume Display:**
- The volume is plotted as a histogram on a separate pane, making it easy to compare volumes across different periods.
- The coloring of the volume bars provides a quick visual cue for significant changes in trading volume.
4. **Information Display:**
- The script dynamically updates and displays the volume and high-low difference values on the chart.
- This provides traders with immediate feedback on the current trading activity.
5. **Optional Moving Average:**
- The script includes an optional moving average of the high-low difference.
- This moving average can be customized in length and helps smooth out the data for better trend analysis.
**Customization:**
- **Volume Threshold:** Customize the volume threshold to highlight specific volume conditions.
- **Highlight Color:** Adjust the highlight colors to suit your visual preferences.
- **Moving Average Length:** Modify the length of the moving average to better fit your analysis needs.
**Usage:**
This script is useful for traders looking to:
- Identify significant changes in trading volume.
- Analyze the volatility of candlesticks through high-low differences.
- Quickly spot periods of declining volume, which could indicate potential changes in market trends.
By providing clear visual cues and detailed volume analysis, the "Volume Pairwise Highlight" script aids traders in making more informed trading decisions.
AI Big Players Move Pattern with Buy/Sell Signals.Big Players Move Pattern with Buy/Sell Signals
Description:
The "Big Players Move Pattern with Buy/Sell Signals" indicator is a powerful tool designed to help traders identify potential market movements driven by institutional investors, also known as big players or smart money. This indicator leverages key patterns such as volume spikes, support and resistance breakouts, and accumulation/distribution trends to generate actionable buy and sell signals.
Key Features:
Volume Spike Detection:
Volume Spike Length: The indicator calculates the moving average of volume over a user-defined period (default: 20 periods).
Volume Spike Multiplier: A volume spike is detected when the current volume exceeds the moving average volume by a specified multiplier (default: 2.0).
Visual Cue: Volume spikes are plotted on the chart with an orange triangle, indicating potential big player activity.
Support and Resistance Breakouts:
Support/Resistance Length: The indicator identifies key support and resistance levels based on the highest highs and lowest lows over a user-defined period (default: 50 periods).
Breakout Detection: The indicator detects and highlights breakouts above resistance levels and breakdowns below support levels.
Visual Cues: Breakouts are plotted with green upward labels, while breakdowns are plotted with red downward labels.
Accumulation/Distribution Line:
Trend Analysis: The accumulation/distribution line is calculated to provide insights into whether a stock is being accumulated (bought) or distributed (sold) by big players.
Visual Cue: The line is plotted on the chart, helping traders understand underlying market trends.
Buy and Sell Signals:
Buy Signal: Generated when a volume spike coincides with a price crossover above the support level.
Sell Signal: Generated when a volume spike coincides with a price crossover below the resistance level.
Visual Cues: Buy signals are plotted with green labels, and sell signals are plotted with red labels.
Alerts:
Custom Alerts: The indicator includes customizable alerts for volume spikes, buy signals, and sell signals, ensuring that traders never miss a significant market movement.
Benefits:
Early Detection: By identifying the activities of big players, traders can position themselves early to capitalize on significant price movements.
Visual Clarity: Clear visual indicators and signals help traders make informed decisions quickly and accurately.
Customization: Adjustable parameters allow traders to tailor the indicator to their specific trading strategies and timeframes.
Use Cases:
Day Trading: Ideal for identifying intraday movements and capitalizing on short-term opportunities.
Swing Trading: Effective for capturing medium-term trends driven by institutional activities.
Position Trading: Useful for understanding long-term accumulation and distribution patterns by big players.
Enhance your trading strategy with the "Big Players Move Pattern with Buy/Sell Signals" indicator and gain a competitive edge by tracking the movements of institutional investors.
Volume Weighted Average Price Ratio (log) [ilyaQwerty]The VWAP Ratio indicator is a valuable tool for traders aiming to assess market trends and price movements in relation to the Volume Weighted Average Price (VWAP). Volume Weighted Average Price Ratio represents the ratio of the price of the asset compared to total traded volume in US Dollars. In a context of Bitcoin, VWAP ratio helps traders assess the market state, if it is overvalued or undervalued. High values of the indicator can suggest that the market is highly overvalued and low values can indicate a great buying opportunity.
Ratio Calculation: The VWAP Ratio is computed by dividing the current price by the VWAP (Price / VWAP). VWAP represents a ratio between a cumulative sum of a traded value (price multiplied by the volume) and a cumulative traded volume.
BTC-Specific Optimization: Although the indicator can be applied to various assets, the VWAP Ratio indicator is particularly useful for Bitcoin (BTC) due to its significant trading volume and unique market behaviour.
Fair Value Gap (FVG) Oscillator [UAlgo]The "Fair Value Gap (FVG) Oscillator " is designed to identify and visualize Fair Value Gaps (FVG) within a given lookback period on a trading chart. This indicator helps traders by highlighting areas where price gaps may signify potential trading opportunities, specifically bullish and bearish patterns. By leveraging volume and Average True Range (ATR) data, the FVG Oscillator aims to enhance the accuracy of pattern recognition and provide more reliable signals for trading decisions.
🔶 Identification of Fair Value Gap (FVG)
Fair Value Gaps (FVG) are specific price areas where gaps occur, and they are often considered significant in technical analysis. These gaps can indicate potential future price movements as the market may return to fill these gaps. This indicator identifies two types of FVGs:
Bullish FVG: Occurs when the current low price is higher than the high price two periods ago. This condition suggests a potential upward price movement.
Obtains with:
low > high
Bearish FVG: Occurs when the current high price is lower than the low price two periods ago. This condition suggests a potential downward price movement.
Obtains with:
high < low
The FVG Oscillator not only identifies these gaps but also verifies them using volume and ATR conditions to ensure more reliable trading signals.
🔶 Key Features
Lookback Period: Users can set the lookback period to determine how far back the indicator should search for FVG patterns.
ATR Multiplier: The ATR Multiplier is used to adjust the sensitivity of the ATR-based conditions for verifying FVG patterns.
Volume SMA Period: This setting determines the period for the Simple Moving Average (SMA) of the volume, which helps in identifying high volume conditions.
Why ATR and Volume are Used?
ATR (Average True Range) and volume are integrated into the Fair Value Gap (FVG) Oscillator to enhance the accuracy and reliability of the identified patterns. ATR measures market volatility, helping to filter out insignificant price gaps and focus on impactful ones, ensuring that the signals are relevant and strong. Volume, on the other hand, confirms the strength of price movements. High volume often indicates the sustainability of these movements, reducing the likelihood of false signals. Together, ATR and volume ensure that the detected FVGs are both significant and supported by market activity, providing more trustworthy trading signals.
Normalized Values: The FVG counts are normalized to enhance the visual representation and interpretation of the patterns on the chart.
Visual Customization and Plotting: Users can customize the colors for positive (bullish) and negative (bearish) areas, and choose whether to display these areas on the chart, also plots the bullish and bearish FVG counts, a zero line, and the net value of FVG counts. Additionally, it uses histograms to display the width of verified bullish and bearish patterns.
🔶 Disclaimer:
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
BooBee Digital - Enhanced Buy & Sell Alerts Suite
BooBee Digital - Enhanced Buy & Sell Alerts Suite
Introduction:
The “BooBee Digital - Enhanced Buy & Sell Alerts Suite” is a comprehensive trading tool designed to provide traders with precise buy and sell signals by integrating the Average True Range (ATR) trailing stop technique and the Volume Weighted Average Price (VWAP) indicator. This script is tailored to help traders make informed decisions by considering both market volatility and trading volume.
How It Works:
1. ATR Calculation:
• Purpose: Measures market volatility to set dynamic stop levels.
• Details: The Average True Range (ATR) is calculated over a user-defined period. The ATR value reflects the average range of price movements over the specified period, which is crucial for assessing market volatility.
2. ATR Trailing Stop:
• Purpose: Identifies potential trend reversals by setting trailing stops based on market volatility.
• Details: The ATR trailing stop is dynamically adjusted using the ATR value and a user-defined sensitivity factor. This trailing stop level helps identify trend reversals by moving in accordance with price fluctuations.
3. VWAP Calculation:
• Purpose: Provides a volume-weighted average price to benchmark fair value.
• Details: The VWAP is calculated by taking the sum of the product of price and volume, divided by the total volume. This indicator gives traders a reference point for the average price at which the asset has traded throughout the day, considering trading volume.
4. EMA Crossover:
• Purpose: Adds a confirmation layer for buy and sell signals.
• Details: A 1-period Exponential Moving Average (EMA) is used to identify short-term price movements. Buy and sell signals are generated based on the crossover of the EMA and the ATR trailing stop, adding an extra layer of confirmation for trade entries and exits.
Signal Generation:
Buy Signal:
• Generated when the price is above the ATR trailing stop and there is a bullish crossover of the EMA and ATR trailing stop.
• Indicator: Green label below the bar with “Buy” text.
Sell Signal:
• Generated when the price is below the ATR trailing stop and there is a bearish crossover of the EMA and ATR trailing stop.
• Indicator: Red label above the bar with “Sell” text.
VWAP Line:
• The VWAP line is plotted on the chart to help traders identify significant price levels based on trading volume.
• Indicator: Blue line representing the VWAP.
How to Use:
• Chart Type: The script is designed for use on standard chart types such as Candlestick and OHLC. It does not support non-standard chart types like Heikin Ashi, Renko, Kagi, Point & Figure, and Range, as they may produce unrealistic results.
• Clean Chart: Ensure your chart is clean and free of other indicators to avoid confusion. The signals and colors plotted by the script should be easily identifiable.
• Trade Confirmation: Use the buy and sell signals generated by the script in conjunction with other analysis methods to confirm trades.
Key Concepts:
• ATR Trailing Stop: This technique sets dynamic stop levels based on market volatility, helping to identify trend reversals.
• VWAP: This indicator provides a benchmark for the average price considering trading volume, helping traders identify fair value.
• EMA Crossover: This adds a layer of confirmation for buy and sell signals, improving the accuracy of trade entries and exits.
Aggressor Volume ImbalanceAggressor volume imbalance represents the ratio between market aggressor buy volume (market buy orders) and market aggressor sell volume (market sell orders). This ratio enables traders to evaluate the interest of market aggressors and whether aggressive market activity favours the price's direction.
Analysing aggressor volume is critical in understanding market sentiment and aids in identifying shifts in momentum and potential exhaustion points in the market. When the aggressor buy volume significantly exceeds the sell volume, it typically indicates strong buying interest, driving prices higher if the offer-side liquidity cannot contain it, and vice versa.
How it Works
The imbalance ratio is calculated as follows, according to the selected session timeframe (see settings):
imbalance := ((buyVolumeAccumulator - sellVolumeAccumulator)
/ (buyVolumeAccumulator + sellVolumeAccumulator)) * 100
Aggressive Volume Imbalance uses lower timeframe historical data to calculate Historical Aggressor Volume Imbalances, while live data is used for live aggressor volume imbalances.
How to Use It
You can set the indicator to use any historical data timeframe you prefer. However, it is highly recommended to use lower timeframes (e.g., 1 second), as the lower the timeframe, the more granular the data.
The indicator resets to 0% whenever a new session timeframe begins (e.g., a new day) and calculates new values for the rest of the session. This can be configured in the settings.
Candle Patterns with Volume ValidationHey Guys !
█ This indicator shows validated Hammer and Shooting Star candle patterns based on volume.
This indicator identifies Hammer and Shooting Star patterns and validates them using volume analysis.
Hammer and Shooting Star patterns are candlestick patterns that signal potential reversals in the market.
█ Usages:
A hammer is formed when in a session, the price has fallen, only to reverse and recover to close back near the opening price. This is a sign of strength with the selling having been absorbed in sufficient strength for the buyers to overwhelm the sellers, allowing the market to recover. The hammer is so called as it is ‘hammering out a bottom’, and just like the shooting star, is immensely powerful when combined with Volume Price Analysis (VPA).
The shooting star is a bearish reversal pattern that appears at the top of uptrends. It signifies that prices have peaked and a downward reversal is likely. The presence of high volume strengthens this signal, indicating that the insiders are offloading their positions.
When combined with volume analysis, these patterns become powerful signals. The volume provides context to the price action, helping traders confirm the validity of the pattern. For example, a hammer with high volume suggests strong buying interest, whereas a shooting star with high volume indicates strong selling pressure.
█ Features:
• Detects Hammer and Shooting Star patterns.
• Validates patterns with volume thresholds.
• Color codes patterns based on volume validation.
• Allows customization of volume thresholds and pattern criteria.
• Option to show or hide signals.
█ Parameters:
• Volume Average Period: The period used to calculate the average volume.
• Higher Volume Multiplier: Multiplier to define higher volume threshold.
• Much Higher Volume Multiplier: Multiplier to define much higher volume threshold.
• Enormous Volume Multiplier: Multiplier to define enormous volume threshold.
• Body/Shadow Ratio for Hammer and Shooting Star: Ratio of body to shadow for pattern validation.
• Upper Shadow Limit for Hammer: Upper shadow limit for Hammer pattern.
• Lower Shadow Limit for Shooting Star: Lower shadow limit for Shooting Star pattern.
• Show Hammer Signals: Display signals for Hammer patterns.
• Show Shooting Star Signals: Display signals for Shooting Star patterns.
Enjoy !
Uptrick: 6 Coins Market Data TableThe "Uptrick: 6 Coins Market Data Table" indicator is a sophisticated tool designed to provide a comprehensive snapshot of the market data for six major cryptocurrencies. This tool displays crucial information in a table format directly on the chart, enabling traders to make informed decisions quickly. It focuses on providing key metrics such as the Relative Volatility Index (RVI), volume, buy and sell pressure, and liquidity for each coin. The primary purpose of this indicator is to consolidate essential market data for multiple cryptocurrencies into a single, easy-to-read table. This facilitates quick analysis and comparison, helping traders assess market volatility and momentum using the Relative Volatility Index (RVI), monitor trading volume to understand market activity and interest, evaluate buy and sell pressure to gauge market sentiment, and determine liquidity to understand the ease of entering or exiting positions. The indicator is titled "Uptrick: 6 Coins Market Data Table" and is set to overlay on the chart, ensuring that it does not obstruct the view of price action. It uses a custom function to calculate buy and sell pressure based on price movements and trading volume, where buy pressure measures the volume of trades executed at prices above the low but below the high, indicating buying interest, and sell pressure measures the volume of trades executed at prices below the high but above the low, indicating selling interest. Liquidity is calculated as the product of the trading range (high - low) and the trading volume, helping in understanding the ease with which an asset can be traded without affecting its price. The RVI is calculated using the standard deviation of price changes and the exponential moving average (EMA), distinguishing between periods of increasing and decreasing volatility to provide a normalized measure of market volatility, with the RVI value ranging from 0 to 100, where higher values indicate higher volatility. The table is created with six rows and seven columns, with each row representing a cryptocurrency and each column representing a specific metric. The first row of the table includes headers for each metric: Symbol, RVI, Volume, Buy Pressure, Sell Pressure, and Liquidity. The populateTable function retrieves and calculates the necessary data for each cryptocurrency, fetching open, high, low, close prices, and volume, then calculating the RVI, buy/sell pressure, and liquidity. These values are populated into the respective cells in the table, ensuring that traders can see all relevant data at a glance. The indicator allows users to specify six different cryptocurrency symbols through input fields, enabling traders to monitor their preferred coins. The table columns include Symbol (the trading symbol of the cryptocurrency, e.g., BTCUSDT), RVI (the Relative Volatility Index displayed as a percentage, indicating the volatility level), Volume (the trading volume for the specified period, indicating the level of trading activity), Buy Pressure (a volume-based measure of buying interest), Sell Pressure (a volume-based measure of selling interest), and Liquidity (a measure of the asset’s liquidity, combining price range and volume). By bringing together multiple key metrics for six cryptocurrencies into one table, the indicator provides a centralized view of market conditions, enhancing decision-making as traders can quickly assess volatility, market sentiment, and liquidity, aiding in more informed trading decisions. The tool's customizability, allowing users to tailor the table to display their preferred cryptocurrencies, makes it versatile for different trading strategies. This detailed description outlines the functionality and purpose of the "Uptrick: 6 Coins Market Data Table" indicator, emphasizing its role in providing comprehensive and actionable market data for traders.
Significant Volume with Price Changes HighlightedSignificant Volume with Price Changes Highlighted
The "Significant Volume with Price Changes Highlighted" indicator by PappyTrading is a powerful tool designed to help traders identify significant volume spikes and price changes in the market. This indicator overlays the volume bars on the price chart and highlights them based on specific volume and price change conditions, providing a clear visual representation of market activity.
What It Does
This indicator calculates the moving average of the volume over a specified period and compares the current volume to this average. It also calculates the daily percentage change relative to the previous day's close and compares this to its moving average. The volume bars are then color-coded based on the following conditions:
Bright Green (#089981): Indicates a significant volume spike with an above-average price increase.
Bright Red (#f23645): Indicates a significant volume spike with an above-average price decrease.
Green with 60% transparency: Indicates a normal up day with a price increase but not a significant volume spike.
Red with 60% transparency: Indicates a normal down day with a price decrease but not a significant volume spike.
Additionally, the indicator plots a 20-period simple moving average (SMA) of the volume, providing a reference point to understand the general volume trend.
How It Works
Volume Calculation:
The indicator calculates the 20-period SMA of the volume and compares the current volume to this average to determine if there is a significant volume spike.
Price Change Calculation:
The indicator calculates the daily percentage change in price relative to the previous day's close and compares this to the 20-period SMA of the percentage change to identify significant price movements.
Color Coding:
The volume bars are color-coded based on the combination of the volume and price change conditions. This visual representation allows traders to quickly identify significant market activities.
How to Use It
Overlay on Chart:
Add the "Significant Volume with Price Changes Highlighted" indicator to your chart. The volume bars will be displayed at the bottom of the chart, color-coded based on the conditions described above.
Identify Market Activity:
Use the color-coded volume bars to identify significant market activities. Bright green bars indicate strong buying pressure, while bright red bars indicate strong selling pressure. Transparent green and red bars indicate normal market activity without significant volume spikes.
Volume Moving Average:
The blue line represents the 20-period SMA of the volume. Use this as a reference to understand the general volume trend and identify deviations from the average.
Concepts Underlying the Calculations
Volume Spikes: Significant volume spikes often precede or accompany major market moves. By highlighting these spikes, traders can gain insights into potential market turning points or continuation patterns.
Price Changes: Large price changes relative to the previous day's close indicate strong market momentum. By comparing these changes to their moving average, the indicator helps traders identify unusually strong buying or selling pressure.
This indicator is ideal for traders who want to gain a deeper understanding of market dynamics by analyzing volume and price changes together. It is suitable for various trading styles, including trend following, swing trading, and scalping.
Day trading volume based levels by VhatkarThis script identifies dynamic support and resistance levels based on volume and price action analysis. It uses a unique algorithm that combines volume force calculations with pivot points to determine key levels where price is likely to react.
Originality and Usefulness :
Innovative Volume Force Calculation : The script calculates upforce and downforce based on volume and price movement, providing a novel insight into buying and selling pressure. Unlike traditional volume indicators, this approach offers a more nuanced understanding of market dynamics.
Dynamic Pivot Points : Pivot points are dynamically adjusted based on volume force and highest high calculations, unlike conventional static pivot points. This makes the levels more responsive to real-time market conditions, offering traders a competitive edge.
Adaptive Target Levels : The script sets target and stop prices for both long and short positions, with adjustable percentages based on the chosen timeframe. This feature is particularly useful for day traders looking for precise entry and exit points.
Unique Timeframe Adjustments : The script includes specific adjustments for different timeframes (e.g., 15m, 30m, 60m), optimizing the support and resistance levels for day trading strategies. This adaptability is not commonly found in existing open-source scripts.
Volume-Weighted Adjustments : The integration of VWAP (Volume-Weighted Average Price) into the volume force calculation adds an extra layer of accuracy, helping traders make more informed decisions.
Comprehensive Visual Representation : The script offers clear visual plots of entry, target, and stop levels, along with color-coded fill areas that indicate different target zones. This visual clarity enhances user experience and decision-making.
Unique Features Compared to Open-Source Scripts :
Advanced Volume Force Algorithm : While many open-source scripts rely solely on price action or basic volume indicators, this script integrates a sophisticated volume force algorithm. This unique approach allows traders to identify more accurate support and resistance levels based on real market activity.
Dynamic and Adaptive Pivot Points : Unlike traditional open-source scripts that use static pivot points, this script dynamically adjusts pivot points based on the highest high and volume force. This dynamic adjustment provides a more precise and adaptable analysis suitable for various market conditions.
Integrated VWAP Calculation : Incorporating VWAP into volume force calculations adds an extra dimension of accuracy, allowing for more reliable trading signals. This feature differentiates the script from simpler open-source alternatives that may not include such advanced calculations.
How to Use :
Apply the Script : Add the "Vhatkar Dynamic S/R Levels" script to your chart. Make sure your chart has volume data as the script relies on volume calculations.
Select Timeframe : The script is designed for day trading timeframes such as 5m, 15m, and 30m. Ensure you are using one of these timeframes for optimal performance.
Adjust Parameters :
Target Lines : Set the number of target lines using the SLRange input. Increase the count if fewer lines are visible or decrease if too many lines are cluttering the chart.
Interpreting Signals :
Long Entries : When the close price is above the pivot point, the script plots potential long entry points and target levels (TP1, TP2, TP3) as well as a stop-loss level.
Short Entries : When the close price is below the pivot point, the script plots potential short entry points and target levels (TP1, TP2, TP3) as well as a stop-loss level.
Visual Aids : Use the color-coded fill areas to quickly identify target zones and stop levels.
Trade Management : Utilize the plotted entry, target, and stop levels to manage your trades. Adjust your trading strategy based on the levels provided by the script.
Usage :
Designed for day trading on timeframes such as 5m, 15m, and 30m.
Provides clear visual plots of entry, target, and stop levels.
Offers flexibility with adjustable parameters to suit different trading styles.
Weighted Volume Profile | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Weighted Volume Profile Indicator! This indicator renders a volume profile based on the volume of latest candlesticks. It can be adjusted to give more weight to recent or past candlesticks, or can be used as a normal volume profile. For more information, please read the full write-up.
Features of the new Weighted Volume Profile indicator :
Renders Volume Profile Of Current Ticker
Adjustable Weighthing Towards Past or Recent
Customizable Row Count & Maximum Distance
Left or Right Alignment
More Styling Options
🚩UNIQUENESS
This indicator differs from a normal volume profile indicator by it's ability to weight volumes based on their distance to the current time. Giving weight to volumes may offer new trading opportunities to traders as they can now see the most recent Point Of Control (POC) or a more powerful but past POC based on their choice. The indicator also has a variety of useful styling settings such as aligning the volume profile to the right or the left of the chart, POC Line styling and color settings for bullish & bearish volumes.
📌 HOW DOES IT WORK ?
A volume profile provides an in-depth look at trading activity over a period of time by plotting a histogram on the price axis. This indicator can also give weight to volumes based on their distance to the current time, essentially determining their importance for the profile. Here is how it works step-by-step :
1. Determine how much candlesticks the volume profile will cover (Analyze Bars setting)
2. Make a range from the highest point of chart to the lowest point of chart, then divide it into rows (Row Count setting)
3. For each candlestick, add it's volume to the corresponding row in the range. Note that the volume can be added into several rows if it overlaps with them.
4. If the candlestick is a bullish candlestick, we add it's volume into the bullish volume of the row, if it's a bearish candlestick, we add it to the bearish volume of the row.
With the weighted volume mode, which is activated if "Volume Weighthing" setting is set to "Recent" or "Past", all volumes get a penalty based on their distance to the latest candletstick. For example, if the setting is set to "Recent", the latest candlestick contributes it's volume by 100% to the corresponding row, but the candlestick which is 50 candlesticks far from the current candlestick only contributes it's volume by ~17% to the row. The same applies to the "Past" setting, but in the reversed order, where past candlesticks have more priority than the current ones.
Volume contribution percent for "Recent" setting : ((100 * 0.85) / (i + 1)) + (100 * (1.0 - 0.85))
Volume contribution percent for "Past" setting : ((100 * 0.85) * ((i + 1) / N)) + (100 * (1.0 - 0.85))
Where i = candlestick index from right to left, N = total number of candlesticks analyzed by the volume profile.
The Point Of Control (POC) line is drawn from the row with the most total volume, and is generally considered as a strong level because a lot of trading volume happened on that particular row. Traders may use this line as a support & resistance level.
Traders can use this indicator to have an insight of areas which price moves quickly without much volume, or see areas that holds the price still for much longer and plan their trades accordingly.
⚙️SETTINGS
1. General Configuration
Analyze Bars -> Total amount of bars that will be analyzed by the indicator from right to left.
Row Count -> The amount of rows that will the vertical range of chart will be divided into.
Volume Weighting -> The volume weighting mode as explained in the write-up.
2. Style
Align To -> The alignment of the volume profile.
Advanced Order Blocks by AccountantXThe "Advanced Order Blocks by AccountantX" is tool designed to identify and visualize significant order blocks in the market.
This script goes beyond traditional order block detection by integrating advanced features such as volume threshold filtering, ATR-based sizing, and higher timeframe considerations.
How It works:
A. General data :
- Order Block Detection: Identifies bullish and bearish order blocks based on swing highs and lows, with options to filter by volume thresholds to ensure significant levels.
- Volume Threshold: Only displays order blocks where the volume exceeds a user-defined threshold, ensuring the highlighted zones are of particular significance.
- ATR-Based Sizing: Offers the option to use the Average True Range (ATR) for sizing order blocks, allowing for dynamic adjustment based on market volatility.
- Higher Timeframe Integration: Includes the ability to display order blocks from a higher timeframe, providing a broader market perspective.
- Customizable Appearance: Users can customize the colors and transparency of the order blocks, ensuring they fit seamlessly with any chart setup.
B. Code explanation :
- The script allows you to set a minimum volume threshold. Order blocks are only shown if the volume during their formation exceeds this threshold, ensuring that only significant price levels are highlighted.
- When enabled, the ATR (Average True Range) is used to size the order blocks. This means the height of the blocks adjusts dynamically with market volatility, providing a more accurate representation of significant zones.
- The script can display order blocks from a higher timeframe on your current chart. This is useful for aligning shorter-term trading decisions with broader market trends.
C. How to Use:
a) Set the volume threshold to filter out less significant order blocks. Adjust the value according to the typical volume of your trading instrument;
b) Enable the ATR-based sizing and set the period and multiplier to match your trading style. This helps in identifying order blocks relative to market volatility;
c) Choose a higher timeframe if you want to see significant order blocks from a broader market perspective. This can help in making more informed trading decisions.
Acknowledgements:
This script builds upon traditional order block concepts by integrating advanced features and customization options. Special thanks to the TradingView community( @fluxchart, @LuxAlgo_Team) for providing foundational concepts and inspiration.
Important Note
This script is provided as-is for educational purposes.
Pivot Point Profile [LuxAlgo]The Pivot Point Profile indicator groups and displays data accumulated from previous pivot points, providing a comprehensive method for prioritizing and displaying areas of interest directly given by swing highs and lows.
Users have access to common settings present in other profile-type indicators.
🔶 USAGE
The Pivot Point Profile is particularly helpful in identifying highly active reversal zones that have been visited multiple times by price. Because of this, we could generally expect these areas to serve as future points of interest, often acting as support or resistance when re-visited.
The profile displays data associated with both Pivot Highs and Pivot Lows. Each row consists of pivot high and pivot low counts side-by-side, forming the total width of the row.
By analyzing the row as a whole, we can gain a better understanding of WHERE to look for interactions.
By analyzing the pivot counts independently, we can gain a better understanding of WHAT to expect when returning to these areas.
For example:
If a row in the profile contains entirely Pivot Lows, this could be seen as an indication to look for buyers to hold that level for a continuation upwards. A break of this level could be interpreted as a lack of interest from previous buyers at this level, indicating a further move down.
🔹 Concentrated Areas
Each row in the profile displays the current count of high pivots and low pivots within the selected lookback. The largest count for each pivot direction is identified as a "Concentrated Area (CA)", these CAs are highlighted over the chart with a line displaying the average of all pivots within that CA. The CA Average is the average of all pivot points (in the majority direction) within the given row.
These can hold more importance as potential support/resistance areas.
Note: The CA Threshold can be manually adjusted to highlight all rows based on a user-selected value.
🔶 DETAILS
🔹 Calculation
The idea behind the Pivot Point Profile is a new analysis method for pivot points, taking the idea of a volume profile and adapting it to display pivot points instead of volume. By using this data, in theory, we should be able to better prioritize zones to anticipate reversals, as well as identify key levels to watch for buyer & seller interactions to use as confirmations in direction.
The (vertical) width of each row is the product of the script's "Row Size", this is the number of rows that the profile will consist of. With a max of 250, the profile can be decently granular. That being said, A more granular profile will have fewer overlapping pivot points. By decreasing the row size (Using fewer rows in the profile) you will increase the tolerance for grouping pivot points. Potentially leading to a more comprehensive Profile. Inversely, By reducing the tolerance for grouping, you will better visualize only similar highs and lows but may have noisier data to sift through.
The Profile is calculated based on a "Lookback" parameter, using only the lookback amount of previous high and low pivots to calculate the profile. Configuring this parameter alongside "Pivot Length", will allow for great control over the frame of reference of the profile.
Note: This indicator is capable of utilizing the full chart history of pivot points, this can be done by enabling the "Use Full Chart History" setting, this will cause the script will calculate from everything it has access to on your current chart.
🔹 Display
The Pivot Point Profile display can be customized to fit a various range of chart styles and visual needs. The specific settings to adjust these can be located in the "Profile Display" Section of the User Inputs.
Profile Width: Sets the Left to Right Width of the Profile. This is the maximum width that the profile will occupy and will scale to fit within this width.
Profile Offset: Sets the distance of the Profile's Axis from the current chart candle. This moves the entire profile left and right to enable to user to set the distance between the profile and the current candle.
Direction: Changes the display direction of the profile, allowing for "Left", "Right", or "Center" display styles.
🔶 SETTINGS
🔹 Pivot Point Parameters
Pivot Type: Choose between "Fractal Pivots" or "SMC Structure" to use as the basis for pivots.
Length: Sets the length for the pivot calculations.
🔹 Profile Calculations Parameters
Lookback: Sets the number of pivots to calculate within, in increments of high and low pairs. (Setting this to 1 = 1 Pivot High & 1 Pivot Low)
Use Full Chart History: Disregards the set lookback and instead uses all available chart data to calculate from.
Row Size: Sets the total number of rows to calculate the profile with.
🔹 Profile Display
Profile Width: Sets the max left & right width (in bars) that the profile will occupy.
Profile Offset: Sets the distance of the profile axis from the last chart bar.
Direction: Sets the display direction
🔹 Concentrated Areas
Highlight CAs: Extends the rows left from concentrated areas.
CA Threshold: Manually set the threshold for determining concentrated areas, when disabled, only the largest rows will be displayed.
CA Averages: Toggles the concentrated area averages for each pivot direction.
Note: CA Averages can be displayed independently without CA Highlights being displayed, and vice versa.
Averaging PriceA calculator that will help to survive in market storms and even to increase your deposit. This script will not help you to find the perfect price to buy, but will allow to buy more and more when the market will go down. But please, don't forget to sell some parts when position will be profitable (or close to that), so you will be able to buy more and more even on a bear market. Please, take a look at the market stress situations to correctly plan your strategy there.
How to use?
1. Define amount to want to gain to position (e.g. $1000), this amount of money you will lose in case of liquidation (for isolation mode) or entire futures deposit in case of cross mode.
2. Configure existing position (price where you entered and amount of coins you already in), if no any - it's even better. Calculator will help with the right amount for a first purchase.
3. Configure futures, closs/isolation margin mode and other things. By default it will use liquidations for isolation margin mode to buy more a slightly above. You can use these levels even for cross mode (buy by calculations for isolation mode, but really have cross configured). If you want to use other levels to buy – please use Concrete Prices field to enter them split by comma, and the script will use it for calculations.
4. A table and lines will help to see more details of how to deal with market. Play around and find a best strategy for you. But please, don't forget to CHECK THE ACCURACY OF CALCULATIONS. This script gives only preliminary number and will never be able to show exact numbers, the REAL LIQUIDATIONS MAY BE MUCH HIGHER then it shows!!!
P.S. I, as an author, do not have any responsibility on your possible losses due to following these ideas. I am using it just like idea and recheck every number. There might be any issues, and you will pay for it with your own money. So please, be mindful while using it.
Hope it will help to make your trading better and way more comfort.
Take care and good luck!
Frequency and Volume ProfileFREQUENCY & VOLUME PROFILE
⚪ OVERVIEW
The Frequency and Volume Profile indicator plots a frequency or volume profile based on the visible bars on the chart, providing insights into price levels with significant trading activity.
⚪ USAGE
● Market Structure Analysis:
Identify key price levels where significant trading activity occurred, which can act as support and resistance zones.
● Volume Analysis:
Use the volume mode to understand where the highest trading volumes have occurred, helping to confirm strong price levels.
● Trend Confirmation:
Analyze the distribution of trading activity to confirm or refute trends, mark important levels as support and resistance, aiding in making more informed trading decisions.
● Frequency Distribution:
In statistics, a frequency distribution is a list of the values that a variable takes in a sample. It is usually a list. Displayed as a histogram.
⚪ SETTINGS
Source: Select the price data to use for the profile calculation (default: hl2).
Move Profile: Set the number of bars to offset the profile from the current bar (default: 100).
Mode: Choose between "Frequency" and "Volume" for the profile calculation.
Profile Color: Customize the color of the profile lines.
Lookback Period: Uses 5000 bars for daily and higher timeframes, otherwise 10000 bars.
The Frequency Profile indicator is a powerful tool for visualizing price levels with significant trading activity, whether in terms of frequency or volume. Its dynamic calculation and customizable settings make it a versatile addition to any trading strategy.
