RSI on 21 MA (Custom)RSI on 21 MA (Custom)
RSI on 21 MA (Custom) is a momentum-based indicator that applies the Relative Strength Index (RSI) to a 21-period Simple Moving Average of price instead of raw price data. This approach helps reduce market noise and provides smoother, more reliable momentum signals.
The indicator first calculates a 21-period SMA of the closing price, then computes RSI on this moving average. A short moving average is further applied to the RSI values for additional smoothing, making trend strength and reversals easier to identify.
🔧 Features
RSI calculated on a 21-period Moving Average
Smoothed RSI for clearer momentum structure
Customizable RSI length, MA length, and smoothing period
Adjustable Overbought & Oversold levels
Useful for trend continuation, reversal spotting, and momentum confirmation
📌 How to Use
RSI staying above mid-range indicates bullish momentum
RSI staying below mid-range indicates bearish momentum
Crosses above the oversold level may signal potential bullish reversal
Crosses below the overbought level may signal potential bearish reversal
Best used with price action, support & resistance, or volume indicators
🎯 Ideal for traders who prefer clean momentum signals with reduced noise, especially in trending markets.
Tìm kiếm tập lệnh với "volume indicator"
Ranked Exchange Volume (REV)📊 Ranked Exchange Volume (REV) - Multi-Venue Volume Distribution Visualizer
## Stop Guessing Where the Real Volume Is. See It.
Most traders look at aggregate volume and miss the critical story: **where** that volume actually traded. Ranked Exchange Volume (REV) solves this by revealing the complete liquidity landscape across multiple trading venues in a single, elegant visualization.
This isn't just another volume indicator—it's a **dynamic stratified histogram** that automatically reorganizes exchange layers by magnitude on every bar, showing you **instant market dominance** at a glance.
---
## 🎯 The Core Innovation: Self-Organizing Volume Layers
REV displays volume from up to 10 different exchanges as **stacked, color-coded bars** where the largest volume source literally rises to the top. Watch as exchanges compete for dominance in real-time:
- **Largest volume = Top of the bar** (most visible position)
- **Smallest volume = Bottom of the bar** (foundation layer)
- **Everything in between = Automatically sorted on every candle**
This visual hierarchy makes it instantly obvious which venues are leading the market—no mental math required.
---
## ✨ Key Features
### 🔄 **Dynamic Layer Sorting**
Unlike static stacked charts, REV uses real-time stratification. If Binance had 60% of volume last bar but Coinbase takes 70% this bar, you'll see Coinbase jump to the top. The hierarchy reflects current reality, not a fixed order.
### 🎨 **10 Fully Customizable Exchange Slots**
Each exchange slot offers complete control:
- **Enable/Disable toggle** - Turn exchanges on/off without losing your configuration
- **Custom prefix** - Track ANY exchange on TradingView (BINANCE, KRAKEN, OANDA, FXCM, etc.)
- **Custom suffix** - Specify quote currency (USDT, USD, EUR, or leave blank for stocks/forex)
- **Display name** - Control how exchanges appear in the rankings table
- **Color selection** - Match your chart theme or use brand colors for instant recognition
### 📊 **Live Rankings Table**
A real-time leaderboard shows:
- **Rank** - Current position (1 = highest volume)
- **Exchange name** - With color-coded background
- **Volume** - Intelligently formatted with K/M/B units
- **Percentage** - Exact market share
**Table positioning:** Choose from 9 screen positions (top/middle/bottom × left/center/right) to keep your chart clean.
### 🧮 **Intelligent Volume Formatting**
REV automatically detects volume magnitude and applies the appropriate scale:
- **Billions** - Displays as "1.5B" for readability
- **Millions** - Displays as "342.8M"
- **Thousands** - Displays as "45.2K"
- **Full numbers option** - Toggle to see complete values (23,456,789)
The scale adjusts per-bar, so you always see the clearest representation.
### 🚨 **Three Built-In Alert Conditions**
1. **Exchange Dominance Alert (>50%)**
- Triggers when a single venue controls majority of volume
- Signals potential liquidity concentration risk or exchange-specific events
2. **Volume Spike Alert (>2x average)**
- Detects unusual aggregate activity across all venues
- Catches breakouts, news events, or institutional flow
3. **Liquidity Migration Alert**
- Fires when market leadership shifts between exchanges
- Reveals arbitrage opportunities or changing market structure
### 📈 **Optional Total Volume Line**
Display aggregate volume from all exchanges as a reference overlay with customizable color.
---
## 🌍 Market Compatibility: Beyond Crypto
While optimized for cryptocurrency (its primary design), REV works across multiple asset classes:
### ✅ **Cryptocurrency (Perfect Fit)**
**Why it excels:** Crypto trades 24/7 across dozens of global exchanges simultaneously. REV reveals true price discovery.
**Example configurations:**
- **BTC/USDT:** Compare Binance, Coinbase, OKX, Bybit, Kraken, Bitget
- **ETH/USD:** Track institutional venues (Coinbase, Kraken, Gemini) vs retail (Binance, Gate.io)
- **Altcoins:** Identify which exchanges have the deepest liquidity before placing large orders
**Trading applications:**
- **Arbitrage detection** - Spot when volume migrates between venues (price differential opportunities)
- **Exchange risk** - Don't trade on exchanges with suspiciously low volume
- **Whale tracking** - Sudden Coinbase dominance often signals institutional activity
- **Market maker identification** - Consistent Binance leadership suggests MM concentration
### ✅ **Forex (Excellent Fit)**
**Why it works:** Forex doesn't have centralized exchanges—it trades OTC across multiple broker feeds. REV shows which data providers are seeing the action.
**Example configurations:**
- **EUR/USD:** Compare OANDA, FXCM, FOREX.COM, FX_IDC, CAPITALCOM
- **GBP/JPY:** Track volatility across broker feeds
- **Exotics:** Verify liquidity before trading thin pairs
**Setup notes:**
- Leave **suffix field blank** for forex
- Use broker prefixes: OANDA, FXCM, FOREXCOM, FX_IDC, SAXO
- Symbol constructs as "OANDA:EURUSD"
**Trading applications:**
- **Spread verification** - Higher volume feeds typically offer tighter spreads
- **News event tracking** - See which brokers capture the most flow during announcements
- **Session analysis** - Watch London/NY volume shifts across different providers
### ⚠️ **Stocks (Limited But Useful)**
**Where it works:**
- **Dual-listed stocks** - Canadian companies on TSX and NYSE
- **International ADRs** - Same company, different exchanges
- **ETF arbitrage** - Compare volume across regional listings
**Example configurations:**
- **Shopify (SHOP):** Compare TSX vs NYSE volume
- **Alibaba (BABA):** NYSE vs HKEX volume
- **European stocks:** Compare primary exchange vs secondary listings
**Setup notes:**
- Leave **suffix field blank**
- Use exchange prefixes: NYSE, NASDAQ, TSX, LSE, XETRA
- Note: TradingView doesn't show per-venue volume for U.S. equities (NYSE vs BATS vs ARCA all aggregate)
**Limitations:** Most stocks trade primarily on one exchange, so REV is less valuable than in crypto/forex.
### ❌ **Futures (Not Recommended)**
Futures contracts differ by exchange (CME's ES ≠ EUREX's FESX), so volume isn't comparable.
---
## 📚 Practical Use Cases
### 1. **Pre-Trade Liquidity Analysis**
Before entering a large position, check which exchanges have sufficient volume to fill your order without slippage.
**Example:** You want to sell 50 BTC. REV shows Binance has 2,340 BTC volume this hour while a smaller exchange has only 87 BTC. Route your order to Binance for better execution.
### 2. **Exchange Risk Management**
Identify "fake volume" or wash trading by comparing venues.
**Red flag pattern:** An exchange consistently shows 10x the volume of competitors but with minimal price impact—likely artificial.
### 3. **Arbitrage Opportunity Detection**
When volume suddenly concentrates on one exchange, price premiums/discounts often appear.
**Alert pattern:** Liquidity Migration alert fires → Check price differences → Execute arb if spread exceeds fees.
### 4. **Institutional Flow Tracking**
In crypto, institutions typically use regulated exchanges (Coinbase, Kraken, Gemini).
**Pattern to watch:** Coinbase volume spikes to 60%+ dominance → Often precedes directional moves as institutions position.
### 5. **Market Structure Analysis**
Watch long-term trends in exchange dominance to understand market evolution.
**Example insight:** "Binance's market share has dropped from 70% to 45% over 6 months as traders diversify to OKX and Bybit."
### 6. **Event Response Comparison**
During major news events, see which exchanges react first.
**Analysis:** If one exchange shows volume spike 5 minutes before others, that feed may have faster news incorporation.
---
## ⚙️ Technical Specifications
- **Maximum exchanges:** 10 simultaneous venues
- **Sorting algorithm:** Bubble sort (O(n²) but optimal for n=10, prioritizes stability)
- **Update frequency:** Real-time, every bar
- **Data handling:** Gracefully ignores invalid symbols, treats NA as zero
- **Chart type:** Non-overlay (separate pane below price)
- **Performance:** Lightweight, no lag on any timeframe
---
## 🚀 Getting Started
### Quick Setup (5 Minutes)
**For Crypto Traders (Default Configuration):**
1. Add indicator to any crypto chart (BTC, ETH, SOL, etc.)
2. Works immediately—top 10 exchanges pre-configured
3. Customize colors if desired
4. Position table to your preference
**For Forex Traders:**
1. Open any forex pair (EUR/USD, GBP/JPY, etc.)
2. Go to Exchange 1 settings
3. Change prefix to "OANDA" (or your preferred broker)
4. **Clear the suffix field** (leave it blank)
5. Repeat for other exchanges (FXCM, FOREXCOM, FX_IDC, etc.)
6. Disable any unused exchange slots
**For Stock Traders (Dual-Listed):**
1. Open a dual-listed stock (e.g., SHOP on TSX)
2. Exchange 1: Prefix = "TSX", Suffix = blank, Name = "Toronto"
3. Exchange 2: Prefix = "NYSE", Suffix = blank, Name = "New York"
4. Disable exchanges 3-10
5. Compare volume distribution
### Advanced Customization
**Tracking Regional Markets:**
Want to compare Korean vs Japanese crypto exchanges?
- Exchange 1: UPBIT (Korean)
- Exchange 2: BITHUMB (Korean)
- Exchange 3: BITFLYER (Japanese)
- Exchange 4: COINCHECK (Japanese)
**Isolating Institutional Volume:**
Focus only on regulated U.S. exchanges:
- Enable: Coinbase, Kraken, Gemini
- Disable: All others
- Watch for >50% dominance alerts
---
## 👥 Who Is This For?
### ✅ **Perfect for:**
- **Crypto day traders** - Need to know where liquidity actually is
- **Arbitrage traders** - Spot cross-exchange inefficiencies
- **Institutional traders** - Validate execution venues before large orders
- **Forex scalpers** - Compare broker feeds for best execution
- **Market structure analysts** - Track long-term exchange dominance trends
### ❌ **Less useful for:**
- **Long-term investors** who don't care about short-term liquidity
- **Single-exchange traders** who never compare venues
- **Futures traders** (contracts differ by exchange)
---
## 🎓 Understanding the Visualization
**What each colored segment means:**
Each horizontal stripe represents one exchange's volume contribution. The **height** of each stripe shows that exchange's volume relative to others.
**Reading the pattern:**
- **Dominant top layer** (50%+ of bar) = Clear market leader
- **Evenly distributed layers** (10-15% each) = Fragmented liquidity
- **Sudden layer reorganization** = Liquidity migration event
- **Shrinking bottom layers** = Exchanges losing market share
**Color coding strategy:**
The indicator defaults to exchange brand colors for instant recognition:
- Yellow = Binance (their signature gold)
- Blue = Coinbase (their brand blue)
- Purple = Kraken (their brand purple)
- etc.
You can customize all colors to match your chart theme.
---
## 🔧 Configuration Tips
### **Best Practices:**
1. **Start with defaults** - Test on BTC/USDT to understand behavior
2. **Disable unused exchanges** - Cleaner visualization, faster computation
3. **Match your trading venues** - Only track exchanges you actually use
4. **Use brand colors initially** - Helps build visual pattern recognition
5. **Enable alerts strategically** - Don't spam yourself; focus on actionable signals
### **Common Mistakes to Avoid:**
❌ Tracking too many irrelevant exchanges (creates visual noise)
❌ Forgetting to clear suffix for forex/stocks (symbol won't construct properly)
❌ Using the same color for multiple exchanges (defeats instant recognition)
❌ Hiding the table permanently (you lose the percentage data)
---
## 📊 Performance Notes
- **Lightweight computation** - No impact on chart performance
- **Works on all timeframes** - 1-minute to monthly
- **Historical analysis** - Full bar history available (max_bars_back=5000)
- **Multi-monitor friendly** - Table positioning adapts to any screen layout
---
## 🆕 Future Enhancements (Planned)
While the current version is feature-complete, potential additions include:
- Volume-weighted average price (VWAP) overlay per exchange
- Historical dominance charts (which exchange led most this week/month)
- Correlation matrix (do exchanges move together or independently?)
**User feedback shapes development** - Comment with your requests!
---
## 💡 Pro Tips
### **Tip 1: The "Whale Exchange" Filter**
In crypto, institutions use Coinbase/Kraken. Enable ONLY these two exchanges to isolate professional flow and ignore retail noise.
### **Tip 2: The "Arbitrage Scanner"**
Set Liquidity Migration alert on 1-minute timeframe. When it fires, check price across exchanges—often there's a temporary premium/discount.
### **Tip 3: The "Liquidity Gauge"**
Before placing a large market order, switch to 5-minute timeframe and check last 10 bars. If your target exchange consistently has <20% of volume, you'll face slippage.
### **Tip 4: The "Market Structure Tracker"**
Take screenshots of the table weekly. Over time, you'll see exchange market share trends that reveal fundamental shifts in trader preferences.
### **Tip 5: The "News Event Validator"**
During major announcements (Fed decisions, earnings, etc.), watch which exchange shows volume first. That's where informed traders are positioned.
---
## 🎯 Summary
**Ranked Exchange Volume (REV) transforms volume analysis from a single number into a complete market microstructure view.**
Instead of seeing "1.2M volume," you see:
- Binance: 640K (53%)
- Coinbase: 280K (23%)
- OKX: 180K (15%)
- Bybit: 100K (9%)
**That's actionable intelligence.**
Whether you're executing a large crypto trade, arbitraging forex across brokers, or validating liquidity before buying a dual-listed stock, REV shows you **where the market actually is**—not where you assume it is.
---
## 📖 Quick Reference Card
| Feature | What It Does | Why It Matters |
|---------|-------------|----------------|
| **Dynamic Sorting** | Largest volume rises to top | Instant dominance identification |
| **10 Custom Slots** | Track any exchanges | Works for YOUR trading venues |
| **Live Rankings** | Real-time leaderboard | Precise market share data |
| **Smart Formatting** | Auto K/M/B scaling | Always readable, never cluttered |
| **Dominance Alert** | Warns at >50% concentration | Risk management for large orders |
| **Migration Alert** | Fires on leadership change | Arbitrage opportunity signal |
| **Spike Alert** | Detects 2x volume surges | Breakout/news confirmation |
| **Total Line** | Shows aggregate volume | Reference for overall activity |
| **Table Positioning** | 9 screen locations | Adapts to your layout |
| **Full/Short Toggle** | Complete vs abbreviated numbers | Flexibility for different assets |
---
## ✅ Installation & Support
**Install:** Add to your TradingView favorites, apply to any chart
**Updates:** Automatic through TradingView
**Support:** Comment with questions—active developer community
**Like this indicator?** Leave a ⭐ rating and share with fellow traders who need better volume intelligence.
---
**🚀 Start seeing the complete volume picture. Add Ranked Exchange Volume to your charts today.**
Dynamic ATR-based Renko Overlay - Non repaintingDaily ATR-Based Renko Overlay
Overview
This Pine Script v5 indicator creates a dynamic Renko overlay on your time-based charts (optimized for 1-minute timeframes), using the previous period's ATR from a user-specified higher timeframe (default: 1-hour) to determine brick sizes. Unlike traditional Renko charts, this is an overlay that draws Renko bricks directly on top of your existing candles, allowing you to combine the noise-filtering power of Renko with the full features of time-based charts.
It's designed for traders who want Renko's trend-clarity benefits without switching chart types, especially useful for intraday trading in volatile markets like forex, stocks, or crypto.
Key Features
- Adaptive Brick Sizing: Brick size is calculated as a percentage (default 40%) of the previous period's ATR (Average True Range, default length 14) from the selected higher timeframe (default: 1-hour). This makes bricks volatility-adjusted—larger in high-vol periods to reduce noise, smaller in low-vol for more detail.
- Periodic Recalculation: Resets brick size at the start of each new period based on the user-specified reset timeframe (default: daily), using the prior period's ATR from the chosen timeframe. This ensures relevance without unwanted disruptions.
- Traditional Renko Logic: Uses 1-box reversal (a full brick against the trend to reverse). Bricks form based on closing prices, ignoring time and minor fluctuations.
- Visual Style: Stepped lines with green (up) and red (down) fills for a box-like appearance. Semi-transparent for easy overlay on candles.
- Customizable Inputs:
- ATR Length: Adjust the ATR period (default: 14).
- Percentage of ATR: Fine-tune brick sensitivity (default: 0.4 or 40%; range 0-1).
- ATR Timeframe: Specify the timeframe for ATR calculation (default: "60" for 1-hour; enter as a string like "240" for 4-hour, "D" for daily, etc.).
- Reset Timeframe: Specify the period for recalculating the brick size (default: "D" for daily; enter as a string like "W" for weekly, "M" for monthly, etc.).
How It Works
1. Fetches ATR from the user-specified timeframe via `request.security` for higher-timeframe volatility data.
2. On new periods based on the reset timeframe (or first load), sets brick size to `percent * ATR_HTF`.
3. Tracks Renko "close" and "previous close" to calculate bricks:
- Upward moves add green bricks in multiples of the size.
- Downward moves add red bricks.
- Reversals require a full brick against the direction.
4. Plots and fills create the overlay, updating on each 1-min bar close.
Add it to a 1-minute chart for best results—bricks will adapt periodically while you retain full candle visibility.
Why This Indicator is Helpful
TradingView's native Renko charts are powerful but come with limitations that can frustrate serious traders:
- No Bar Replay: Native Renko doesn't support TradingView's bar replay feature, making it hard to simulate historical trading sessions.
- Inaccurate/Repainting Strategy Testing: Strategies on native Renko can repaint or lack precision due to the non-time-based nature, leading to unreliable backtests.
- Limited Data History: Fast Renko timeframes (e.g., small bricks) often load very little historical data, restricting long-term analysis.
This overlay solves these by building Renko on a time-based chart:
- Full Bar Replay Support: Replay sessions as usual on your 1-min chart—the Renko follows along.
- Accurate, Non-Repainting Testing: Test strategies on the underlying time chart without repainting issues, as Renko is derived from closes.
- Unlimited Data Depth: Access TradingView's full historical data for 1-min charts (up to years of bars), not limited by Renko's data constraints.
- Hybrid Analysis: Overlay Renko on candles to spot trends while using volume, indicators (e.g., RSI, MAs), or drawing tools that don't work well on native Renko.
It's a game-changer for trend-following, breakout strategies, or filtering noise in short-term trades. No more switching charts—get the best of both worlds!
Usage Tips
- Best on 1-min charts for intraday precision, but experiment with others.
- Tune the percentage lower (e.g., 0.3) for more bricks/sensitivity, higher (e.g., 0.5) for fewer/false-signal reduction.
- Adjust the ATR timeframe to match your strategy—e.g., "240" for longer-term volatility or "15" for shorter.
- Customize the reset timeframe for different recalculation frequencies—e.g., "W" for weekly resets to capture broader market shifts, or "240" for every 4 hours.
- Combine with alerts: right now I am experimenting with 90 period EMA and the Renko brick pullbacks to find some EDGE
If you find this useful, give it a thumbs up or share your tweaks in the comments. Feedback welcome—happy trading! 🚀
Victor's Price OscillatorOverview
Victor Sperandeo is a legendary trader, market wizard, and author, famed for his trend-following strategies and expertise in technical analysis.
Victor's Price Oscillator is a classic momentum technical indicator focused purely on price action and price change momentum. It measures the strength and direction of underlying price momentum by calculating cumulative short term price differences and their net change over time. This indicator is designed to identify accelerating or decelerating price movement for stocks, indices, commodities and all tradable assets.
Core Calculation Logic
The indicator uses a straightforward and transparent mathematical calculation with no complex formulas, all steps follow the original design completely:
Calculate the price difference for each bar : Current bar closing price minus the closing price from a set number of bars in the past
Sum these individual price differences across a defined lookback period to get a cumulative price change value
Compute the final oscillator reading by subtracting the historical cumulative value (from a set offset period) from the current cumulative value
Plot the net oscillator value as a single line to visually show the trend of price momentum strength
Parameter Quick Intro
Cumulative Period: Defines momentum calculation window
Price Offset: Sets price comparison lag
Signal Offset: Measures net momentum change
Key Interpretation & Usage Guidelines
Positive oscillator values indicate active upward price momentum. The higher the positive value, the stronger and more sustained the upward price movement
Negative oscillator values indicate active downward price momentum. The lower the negative value, the stronger and more sustained the downward price movement
Rising oscillator line shows accelerating price momentum in the current trend direction (bullish momentum strengthening for up trends, bearish momentum strengthening for down trends)
Falling oscillator line shows decelerating price momentum in the current trend direction (bullish momentum weakening for up trends, bearish momentum weakening for down trends)
This oscillator is best used as a momentum confirmation tool. Combine it with trend analysis, support and resistance levels or volume indicators for comprehensive trading decisions and improved accuracy
Session Relative VolumeSession Relative Volume is an advanced intraday futures volume indicator that analyzes volume separately for Asia, London, and New York sessions - something standard relative volume tools can’t do.
Instead of aggregating the entire day’s volume, the indicator compares current volume to historical averages for the same session and time of day, allowing you to spot true volume strength and meaningful spikes, especially around session opens.
Background
Relative volume helps traders spot unusual activity: high volume often signals institutional participation and trending days, while low volume suggests weak commitment and possible mean reversion. In futures markets, sessions ( Asia, London, New York ) must be analyzed separately, but TradingView’s Relative Volume in Time aggregates the entire day, masking session-specific behavior - especially during the New York open. Since volume can vary by more than 20× between sessions, standard averages struggle to identify meaningful volume spikes when trader conviction matters most.
Indicator Description
The “Session Relative Volume” indicator solves these problems by calculating historical average volume specific to each session and time of day, and comparing current volume against those benchmarks. It offers four display modes and fully customizable session times
Altogether, it provides traders with a powerful tool for analyzing intraday futures volume, helping to better assess market participation, trader conviction, and overall market conditions - ultimately supporting improved trading decisions.
Parameters
Mode – display mode:
R-VOL: Relative cumulative session-specific volume at time
VOL CUM: Cumulative session volume at time compared to historical average cumulative session-specific volume
VOL AVG: Average session intrabar volume at time compared to historical average session-specific intrabar volume
VOL: Individual bars volume, highlighting (solid color) unusual spikes
Lookback period – number of days used for calculating historical average session volume at time
MA Len – length of the moving average, representing average bar volume within a session based on previous periods (different from historical cumulative volume!). Used only in VOL and VOL AVG modes
MA Thresh – deviation from moving average, used to detect bar volume spikes (bar volume > K × moving average)
Start Time – End Time and Time Zone parameters for each session. The time zone must be set using TradingView’s format (e.g., GMT+1).
ATR + BJ Signal（GOLD）This script visualizes a price-based counting pattern that highlights potential market exhaustion and reversal areas.
When a series of candles continues in one direction, the indicator measures price momentum loss and marks possible turning points.
Features
Counts consecutive upward or downward price movement
Highlights possible exhaustion or reversal areas
Optional alerts, take-profit and stop-loss visual levels
Fully customizable colors and display settings
Useful as a confirmation tool with trend or volume indicators
This indicator is designed to assist decision-making, not to generate mechanical buy/sell signals.
Best used together with other trend or volatility tools.
📎 Short Description (for compact field)
Counts consecutive price movement to highlight potential market exhaustion and reversal zones.
Helps identify when strong trends may be weakening.
Stochastic Pro+ Suite📚 What Is the Stochastic Oscillator?
The stochastic oscillator is a momentum indicator comparing a security's closing price to its price range over a set number of periods. The %K line represents the raw stochastic value, while the %D line is a smoothed moving average of %K.
Stochastic helps identify:
Overbought and oversold conditions
Bullish and bearish crossovers
Momentum shifts before price reversals
It is widely used in both trending and ranging markets.
💡 What Makes This Suite Different?
This script supercharges the traditional stochastic with a multi-timeframe engine , divergence detection , and a highly customizable visual suite , including:
✅ Core Features:
- Multi-Timeframe (%K, %D, Spread): Pulls stochastic data from any higher timeframe for improved signal quality.
- Custom Overbought/Oversold Levels: Fully adjustable OB/OS thresholds (default: 80/20).
- %K-%D Spread Histogram: View the difference between %K and %D visually as a histogram.
- Color-coded Cross Highlights: Optional background shading for key crossover events in OB/OS zones (high probability reversal areas).
🔍 Divergence Detection (Optional):
- Bullish Divergence: Price makes lower lows while %K makes higher lows.
- Bearish Divergence: Price makes higher highs while %K makes lower highs.
- Customizable pivot lookbacks and range filters to control divergence strictness.
- Visual divergence labels plotted directly on the oscillator.
🎛️ Fully Toggleable Visuals:
Show/hide %K, %D, OB/OS lines, spread histogram, background highlight, and divergence — all via simple checkboxes.
🔔 Alerts:
Set alerts for both bullish and bearish divergences — ideal for swing, day, or trend reversal strategies.
⚙️ Use Cases
- Spot exhaustion in overbought/oversold zones
- Confirm or filter entries with divergence signals
- Monitor multiple timeframes without switching charts
- Use as a signal tool in confluence with price action or volume indicators
⚠️ Disclaimer
This tool is for educational and informational purposes only. It does not constitute financial advice, trading advice, or investment guidance. Always do your own research and consult a qualified financial advisor before making trading decisions.
Elder Force Index Alexander Elder's volume indicator. Stay in long as long as the background is green and there are no green crosses. The same applies for short.
ORB - Openning Range BreakoutORB - Opening Range Breakout (Indicator)
This indicator visualizes the Opening Range Breakout (ORB) for the New York market session (9:30 AM – 4:00 PM NY), highlighting the High and Low of the first 5 minutes of the session.
Key Features:
Automatically calculates the High and Low of the 9:30 AM candle and updates if subsequent candles expand the range within the first 5 minutes.
Plots invisible lines representing the High and Low of the opening range throughout the session.
Fills the area between High and Low with a semi-transparent background, clearly showing the opening range zone.
Works on any intraday timeframe and adapts automatically to the NY session.
Perfect for breakout strategies, visually marking early support and resistance zones.
How to Use:
The shaded area between High and Low indicates the opening range.
Traders can watch for breakouts above the High or breakdowns below the Low for potential entry signals.
Can be combined with trend or volume indicators for confirmation.
Notes:
The session is automatically calculated using New York time.
Background transparency can be adjusted to your preference.
Weis Wave Volume MTF 🎯 Indicator Name
Weis Wave Volume (Multi‑Timeframe) — adapted from the original “Weis Wave Volume by LazyBear.”
This version adds multi‑timeframe (MTF) readings, configurable colors, font size, and screen position for clear dashboard‑style display.
🧠 Concept Background — What is Weis Wave Volume (WWV)?
The Weis Wave Volume indicator originates from Wyckoff and David Weis’ techniques.
Its purpose is to link price movement “waves” with the amount of traded volume to reveal how strong or weak each wave is.
Instead of showing bars one by one, WWV accumulates the total volume while price keeps moving in the same direction.
When price direction changes (up → down or down → up), it:
Finishes the previous wave volume total.
Starts a new wave and begins accumulating again.
Those wave volumes help traders see:
Effort vs Result: Big volume with small price move ⇒ absorption; low volume with big move ⇒ weak participation.
Trend confirmation or exhaustion: High volume waves in trend direction strengthen it, while low‑volume waves hint exhaustion.
⚙️ How this Script Works
Trend & Wave Detection
Compares close with the previous bar to determine up or down movement (mov).
Detects trend reversals (when mov direction changes).
Builds “waves,” each representing a continuous run of bars in one direction.
Volume Accumulation
While price keeps the same direction, the script adds each bar’s volume to the running total (vol).
When direction flips, it resets that total and starts a new wave.
Multi‑Timeframe Computation
Calculates these wave volumes on three timeframes at once, chosen dynamically:
Active Chart Timeframe Displays WWV for:
1 min 1 min
5 min 5 min
15 min 15 min
Any other Chart TF
It uses request.security() to pull each timeframe’s latest WWV value and current wave direction.
Visual Output
Instead of plotting histogram bars, it shows a table with three numeric values:
WWV (1): 25.3 M | (15): 312 M | (240): 2.46 B
Each value is color‑coded:
user‑selected Uptrend Color when price wave = up
user‑selected Downtrend Color when wave = down
You can position this small table in any corner/center (top / bottom × left / center / right).
Font size is user‑adjustable (Tiny → Huge).
📈 How Traders Use It
Quickly gauge buying vs selling effort across multiple horizons.
Compare short‑term wave volume to higher‑timeframe waves to spot:
Alignment → all up and big volumes = strong trend
Divergence → small or opposite‑colored higher‑TF wave = potential reversal or pause
Combine with Wyckoff, VSA, or standard trend analysis to judge if a breakout or pullback has real participation.
🧩 Key Features of This Version
Feature Description
Multi‑Timeframe Panel Displays WWV values for 3 selected TFs at once
Dynamic TF Mapping Auto‑adjusts which TFs to use based on chart
Up/Down Color Coding Customizable colors for wave direction
Adjustable Font and Placement Set font size (Tiny→Huge) and screen corner/center
No Histograms Keeps chart clean; acts as a compact WWV dashboard
Bull Market Support Band (20W SMA + 21W EMA)🟩 Bull Market Support Band (20W SMA + 21W EMA)
OVERVIEW
The Bull Market Support Band is a long-term trend indicator that combines the 20-week SMA and 21-week EMA.
When price is above the band → bullish trend.
When below → bearish trend.
When within → neutral or transition phase.
This v6 version adds full customization, dynamic coloring, event labels, candle coloring, and a configurable on-chart legend table with trend arrows.
HOW IT WORKS
Calculates the 20W SMA and 21W EMA from a user-selectable higher timeframe (weekly by default).
Plots both averages and shades the area between them to form the support band.
The fill and line colors change automatically based on the market phase:
🟩 Green = Bullish (price above)
🟥 Red = Bearish (price below)
⬜ Gray = Neutral (price within).
Labels appear only when the trend state changes.
Alerts trigger when price crosses the band or either moving average.
Optional candle coloring applies the same bull/bear/neutral logic to price bars.
A convenience legend table displays current 20W SMA and 21W EMA values, along with slope arrows (^, v, =).
INCLUDED FEATURES
Configurable calculation timeframe.
Automatic band fill and line coloring.
Optional candle coloring overlay.
Compact or detailed regime-change labels.
ATR-based label offset and spacing control.
Customizable legend table with background color.
Horizontal or vertical legend layout.
Custom arrow characters (ASCII or Unicode).
Built-in alerts for band and MA crosses.
Optimized for higher-timeframe accuracy using request.security().
USAGE TIPS
Keep the default weekly setting for macro trend context.
On lower chart timeframes, use the band as higher-level support/resistance.
Combine with momentum or volume indicators (RSI, MACD, OBV) for confirmation.
Adjust ATR multiplier to move labels further from price candles.
Increase “Min bars between labels” to reduce visual clutter.
Disable auto-coloring if you prefer a static color theme.
Toggle compact legend or switch between horizontal/vertical layouts for best fit.
INTERPRETATION GUIDE
🟩 Bullish: Price above the band → trend continuation likely.
⬜ Neutral: Price within the band → consolidation or potential reversal zone.
🟥 Bearish: Price below the band → downtrend continuation or distribution.
Sustained closes above or below the band typically align with major market cycle shifts.
NOTES
Uses request.security() for higher-timeframe precision — accurate even on smaller charts.
The legend table is screen-anchored and remains fixed as you pan or zoom.
Plots and labels are price-anchored and move with candles.
Lightweight and efficient for all markets and intervals.
CREDITS
Original concept: The Bull Market Support Band (popularized in crypto analysis).
Enhanced Pine Script v6 version: Ricco .
Modernized for clarity, flexibility, and multi-timeframe accuracy.
SUMMARY
A modern, customizable Bull Market Support Band indicator highlighting long-term market regimes with clean visuals, color logic, and convenience features.
Designed for traders seeking macro clarity, minimal clutter, and professional presentation.
Round Numbers (Plotter) v2The *Round Numbers (Plotter) v2* indicator highlights key psychological price levels on the chart — the so-called *round numbers* (e.g. 1.1000 on EURUSD or23,000 on NASDAQ).
These levels often act as **natural support or resistance zones**, where price tends to react, consolidate, or reverse.
Version 2 introduces the concept of **gravitational zones**, which define a price range surrounding each round level — visualizing how price “gravitates” around these equilibrium areas.
---
### 🧩 **Main Features**
* 🔹 **Dynamic round levels:** plotted automatically based on user-defined *step size* (in points or pips).
* 🔹 **Custom step mode:** switch between “Points” (for indices, commodities, crypto) and “Pips” (for Forex pairs).
* 🔹 **Configurable appearance:** color, width, and line style (solid, dashed, dotted).
* 🔹 **Gravitation zones:** optional secondary lines plotted above and below each round level.
* Distance adjustable as a **percentage of the step size** (default = 25%).
* Help visualize “magnet areas” where price tends to slow down or oscillate before crossing a level.
* 🔹 **Optional fill:** softly shaded area between the upper and lower gravitation lines for clearer visualization of each zone.
* You can enable or disable this with the *“Show gravitation fill”* toggle.
* Fill color and transparency fully customizable.
---
### 📈 **Use Cases**
* Identify **psychological support/resistance** levels on any instrument or timeframe.
* Observe **market equilibrium zones** where price tends to cluster or hesitate before continuing.
* Combine with oscillators or volume indicators to confirm reaction strength near round numbers.
* Use the **gravitational zones** to refine stop-loss or take-profit placement near high-impact levels.
---
### 💡 **Notes**
* The indicator does **not repaint** and updates levels dynamically based on the latest price.
* Works on all asset classes: **Forex, Indices, Crypto, Commodities, Stocks.**
* Designed to be **lightweight** — no accumulation of historical objects.
* Combine this with *Round Number Analyzer* for complete analysis of round numbers level
Cycle-Synced Channel Breakout📌 Cycle-Synced Channel Breakout – Detect Breakouts Confirmed by Candles and Momentum Cycles
📖 Overview
The Cycle-Synced Channel Breakout indicator is a precision breakout detection tool that combines the power of:
• Adaptive Keltner Channels
• Dominant Cycle Period Analysis (Ehlers-inspired)
• Candlestick Pattern Recognition (Engulfing)
This multi-layered approach helps identify true breakout opportunities by filtering out noise and false signals, making it ideal for swing traders and intraday traders seeking high-probability directional moves.
⚙️ How It Works
1. Keltner Channel Envelope
A dynamic volatility channel based on the EMA and ATR defines the upper and lower bounds of price movement.
2. Engulfing Candle Detection
The script detects strong bullish and bearish engulfing patterns, which often signal trend reversals or momentum continuations.
3. Dominant Cycle Momentum (Ehlers-inspired)
Using a smoothed power oscillator derived from a detrended price series, the indicator assesses whether momentum is accelerating during the breakout — filtering out weak moves.
4. Signal Confirmation Logic
A signal is only shown when:
• An engulfing pattern is detected, and
• Price breaks out of the Keltner Channel, and
• Momentum (cycle power) is rising
5. Visual Feedback
• Breakout signals are plotted with “BUY” or “SELL” labels
• Faded green/red background highlights confirmed breakouts
• Optional display of engulfing candles with triangle markers
⸻
🛠️ Key Features
• ✅ Adaptive Keltner Channels
• ✅ Bullish/Bearish Engulfing Candle Recognition
• ✅ Ehlers-style Cycle Momentum Confirmation
• ✅ Background highlights for confirmed breakouts
• ✅ Optional candle pattern visualization
• ✅ Lightweight and Pine v6 compatible
⸻
🧪 Inputs
• Keltner Length – EMA period for channel basis
• Multiplier – Multiplied with ATR to determine band width
• Cycle Lookback – Used to calculate smoothed cycle power
• Show Engulfing Candles? – Toggles candlestick signals
• Show Breakout Signals? – Toggles breakout labels and backgrounds
⸻
🧠 How to Use
• Look for “BUY” or “SELL” labels when:
• An engulfing candle breaks through the Keltner Channel
• Cycle momentum confirms strength behind the move
• The background color will faintly highlight the breakout direction.
• Use in combination with other trend or volume indicators for added confluence.
🔒 Notes
• This indicator is not repainting.
• It is designed for educational and research purposes only.
• Works across all timeframes and asset classes (stocks, crypto, forex, etc.)
Heikin Ashi VolumeHeikin Ashi candles decrease market noise so that broader trends can be more easily visualized. In a typical chart utilizing Heikin Ashi candles, volume bars are colored in such a way that they also allow for the visualization of trends during a bullish/bearish move.
The Heikin Ashi Volume indicator allows the trader to continue to use the same volume bar coloring technique to visualize trends without having to utilize the Heikin Ashi candles, since a Heikin Ashi candle’s OHLC values are not true prices but instead based on calculations in order to provide the ‘denoising’ effect they are known for.
In addition to providing the Heikin Ashi Volume coloring effects, the Heikin Ashi Volume indicator also allows the user to set a volume threshold level where the bar colors will be darker unless volume is beyond that threshold, helping traders quickly determine if there is enough participation in the market at that time to justify taking risk in a trade when the market isn’t very active. The user has the option to show or hide the threshold line, change the colors of the bullish/bearish colors (for both above and below threshold volumes) and the option for the indicator to gradually brighten the bar colors are they approach the threshold instead of having a clear line of demarcation showing volume above or below the set threshold.
Volume-Based Candle ShadingThe Volume Shading indicator dynamically adjusts the color brightness of each price bar based on relative volume levels. It helps traders quickly identify whether a candle formed on low, average, or high volume without needing to reference a separate volume pane.
Candles are shaded dynamically as they form, so you can watch volume flow into them in real time. This indicator is designed to be as minimally intrusive as possible, allowing you to visualize volume levels without extra clutter on your charts.
The additional volume indicator in the preview above is there just for a point of reference to allow you to see how the shading on the bars correlates to the volume.
⸻
SETTINGS:
Bullish and bearish base colors — These serve as the midpoint (average volume) for shading.
Brightness mapping direction — Optionally invert the shading so that either high volume appears darker or lighter.
Volume smoothing length — Defines how many bars are averaged to determine what constitutes “normal” volume.
Candles with volume above average will appear darker or lighter depending on user preference, while those with average volume will be painted the chosen colors, giving an intuitive gradient that enhances volume awareness directly on the chart.
⸻
USES:
Confirming price action: Highlight when breakout candles or reversal bars occur with high relative volume, strengthening signal conviction.
Spotting low-volume moves: Identify candles that lack volume support, potentially signaling weak continuation or false breakouts.
Enhancing visual analysis: Overlay volume dynamics directly onto price bars, reducing screen clutter and aiding faster decision-making.
Custom visual workflows: Adapt the visual behavior of candles to your trading style by choosing color direction and base tones.
Z-Score Volume with CVD ConfirmationZ-Score Volume with CVD Confirmation is a volume-based confluence tool that enhances traditional volume analysis by combining Z-Score volume anomalies with Cumulative Volume Delta (CVD) confirmation. This indicator helps traders identify unusual volume activity that aligns with directional order flow, offering a cleaner signal for potential breakout or reversal scenarios.
🔍 Key Features:
Z-Score Calculation: Measures how extreme current volume is relative to its recent average, highlighting statistically significant surges or drops.
CVD Confirmation: Uses Cumulative Volume Delta candles (open/high/low/close) to assess buying vs. selling pressure in lower timeframes.
Bar Color Logic:
Green: High Z-Score volume confirmed by CVD bullish candle
Red: High Z-Score volume confirmed by CVD bearish candle
Other color bands show progressively strong or weak volume outliers
Real Volume Bar Heights: Volume bars retain true scale while color reflects underlying order flow strength and direction.
💡 Use Cases:
Breakout validation: Confirm price range breaks when volume surge is supported by CVD direction
Fade setups: Detect unsustainable high-volume moves lacking CVD support
Trend continuation: Spot momentum when both Z-Score and CVD align in the direction of the trend
⚙️ How to Use:
Adjust the Z-Score length to define how far back to measure average and deviation.
Select your anchor timeframe (typically 1D) and a lower timeframe for CVD calculations (e.g., 1-minute).
Use color-coded volume bars to assess volume significance and directional flow at a glance.
Add the standard volume indicator to the chart so one can compare the difference between the standard volume indicator and the Z-Score Volume with CVD Confirmation script. Useful at specific price levels and exiting ranges or not.
Consolidation Range [BigBeluga]A hybrid volatility-volume indicator that isolates periods of price equilibrium and reveals the directional force behind each range buildup.
Consolidation Range is a powerful tool designed to detect compression phases in the market using volatility thresholds while visualizing volume imbalance within those phases. By combining low-volatility detection with directional volume delta, it highlights where accumulation or distribution is occurring—giving traders the confidence to act when breakouts follow. This indicator is particularly valuable in choppy or sideways markets where range identification and sentiment context are key.
🔵 CONCEPTS
Volatility Compression: Uses ADX (Average Directional Index) to detect periods of low trend strength—specifically when ADX drops below a configurable threshold.
Range Structure: Upon a low-volatility trigger, the script dynamically anchors horizontal upper and lower bounds based on local highs and lows.
Directional Volume Delta: Inside each active range, it calculates the net difference between buy and sell volume, showing who controlled the range.
Sentiment Bias: A label appears in the center of the zone on breakout, showing the accumulated delta and bias direction (▲ for positive, ▼ for negative).
Range Validity Filter: Only ranges with more than 15 bars are considered valid—short-lived consolidations are auto-filtered.
🔵 KEY FEATURES
Detects low volatility market phases using ADX logic (crosses under "Volatility Threshold Input").
Automatically plots adaptive consolidation zones with upper and lower boundary lines.
Includes dynamic midline to visualize the price average inside the range.
Visual range is filled with a progressive gradient to reflect distance between highs and lows.
When the range is active, the indicator accumulates volume delta (Buy - Sell volume) .
Upon breakout, the total volume delta is displayed at the midpoint , providing insight into market sentiment during the consolidation phase.
Filters out weak or short-lived consolidations under 15 bars.
🔵 HOW TO USE
Spot ranging or compression zones with minimal effort.
Use breakouts with volume delta bias to assess the strength or weakness of moves.
Combine with trend-following tools or volume-based confirmation for stronger setups.
Apply to higher timeframes for macro consolidation tracking .
🔵 CONCLUSION
Consolidation Range now brings together volatility filtering and directional volume delta into one smart module. This hybrid logic allows traders to not only identify balance zones but also understand who was in control during the buildup—offering a sharper edge for breakout and trend continuation strategies.
Market Sentiment Index US Top 40 [Pt]▮Overview
Market Sentiment Index US Top 40 [Pt} shows how the largest US stocks behave together. You pick one simple measure—High Low breakouts, Above Below moving average, or RSI overbought/oversold—and see how many of your chosen top 10/20/30/40 NYSE or NASDAQ names are bullish, neutral, or bearish.
This tool gives you a quick view of broad-market strength or weakness so you can time trades, confirm trends, and spot hidden shifts in market sentiment.
▮Key Features
► Three Simple Modes
High Low Index: counts stocks making new highs or lows over your lookback period
Above Below MA: flags stocks trading above or below their moving average
RSI Sentiment: marks overbought or oversold stocks and plots a small histogram
► Universe Selection
Top 10, 20, 30, or 40 symbols from NYSE or NASDAQ
Option to weight by market cap or treat all symbols equally
► Timeframe Choice
Use your chart’s timeframe or any intraday, daily, weekly, or monthly resolution
► Histogram Smoothing
Two optional moving averages on the sentiment bars
Markers show when the faster average crosses above or below the slower one
► Ticker Table
Optional on-chart table showing each ticker’s state in color
Grid or single-row layout with adjustable text size and color settings
▮Inputs
► Mode and Lookback
Pick High Low, Above Below MA, or RSI Sentiment
Set lookback length (for example 10 bars)
If using Above Below MA, choose the moving average type (EMA, SMA, etc.)
► Universe Setup
Market: NYSE or NASDAQ
Number of symbols: 10, 20, 30, or 40
Weights: on or off
Timeframe: blank to match chart or pick any other
► Moving Averages on Histogram
Enable fast and slow averages
Set their lengths and types
Choose colors for averages and markers
► Table Options
Show or hide the symbol table
Select text size: tiny, small, or normal
Choose layout: grid or one-row
Pick colors for bullish, neutral, and bearish cells
Show or hide exchange prefixes
▮How to Read It
► Sentiment Bars
Green means bullish
Red means bearish
Near zero means neutral
► Zero Line
Separates bullish from bearish readings
► High Low Line (High Low mode only)
Smooth ratio of highs versus lows over your lookback
► MA Crosses
Fast MA above slow MA hints rising breadth
Fast MA below slow MA hints falling breadth
► Ticker Table
Each cell colored green, gray, or red for bull, neutral, or bear
▮Use Cases
► Confirm Market Trends
Early warning when price makes highs but breadth is weak
Catch rallies when breadth turns strong while price is flat
► Spot Sector Rotation
Switch between NYSE and NASDAQ to see which group leads
Watch tech versus industrial breadth to track money flow
► Filter Trade Signals
Enter longs only when breadth is bullish
Consider shorts when breadth turns negative
► Combine with Other Indicators
Use RSI Sentiment with trend tools to spot overextended moves
Add volume indicators in High Low mode for breakout confirmation
► Timeframe Analysis
Daily for big-picture bias
Intraday (15-min) for precise entries and exits
Options Volume [theUltimator5]📊 Option Volume — Multi-Strike Option Flow Visualizer
The Option Volume indicator tracks and visualizes volume activity for up to 10 custom option strike symbols on any ticker. It supports both individual strike analysis and a combined cumulative volume mode, providing an intuitive view of option flow across your selected strikes.
🔧 Features:
Dynamic Strike Control: Select up to 10 strikes and customize each with ticker, expiration date (YYMMDD), and option type (Call or Put).
Volume Display Modes:
🔹 Individual: Shows a separate volume bar for each strike.
🔸 Cumulative: Combines all selected strike volumes into a single bar, colored green for Calls and red for Puts.
Customizable Table Display:
Toggle the option symbol table on/off.
Position the table in any corner of the chart.
Table cell colors match plotted bars in Individual mode, or turn red/green in Cumulative mode based on option type.
Smart Volume Filtering: Only shows volume bars on the bar where volume updates (i.e., no carryover from stale bars).
Input Efficiency: All strike prices are automatically rounded to the nearest 0.5 increment for standardized symbol formatting.
⚙️ How to Use:
Select the ticker you want to analyze.
Input the expiration date and option type (C or P).
Define strike prices (up to 10).
Toggle between Individual or Cumulative volume display.
Adjust the number of visible strikes and table position as needed.
This tool is ideal for traders looking to monitor strike-level option volume behavior, spot flow anomalies, or keep track of high-interest strike activity in real-time.
The indicator currently doesn't support multiple expiration dates or a combination of calls/puts. If you want to view multiple expirations or a both calls and puts at the same time, simply add the indicator multiple times.
Volume Pro Indicator## Volume Pro Indicator
A powerful volume indicator that visualizes volume distribution across different price levels. This tool helps you easily identify where trading activity concentrates within the price range.
### Key Features:
- **Volume visualization by price levels**: Green (lower zone), Magenta (middle zone), Cyan (upper zone)
- **VPOC (Volume Point of Control)**: Shows the price level with the highest volume concentration
- **High and Low lines**: Highlights the extreme levels of the analyzed price range
- **Customizable historical analysis**: Configurable number of days for calculation
### How to use it:
- Colored volumes show where trading activity concentrates within the price range
- The VPOC helps identify the most significant price levels
- Different colors allow you to quickly visualize volume distribution in different price areas
Customizable with numerous options, including analysis period, calculation resolution, colors, and visibility of different components.
### Note:
This indicator works best on higher timeframes (1H, 4H, 1D) and liquid markets. It's a visual analysis tool that enhances your understanding of market structure.
#volume #vpoc #distribution #volumeprofile #trading #analysis #indicator #professional #pricelevels #volumedistribution
VSA Volume + Fibonacci (Volunacci)Overview
This indicator combines Volume Spread Analysis (VSA) with Fibonacci levels to identify key price zones based on volume behavior. It helps traders determine potential support and resistance levels influenced by volume strength.
How It Works
Volume Calculation
The indicator calculates volume levels based on the selected timeframe.
It identifies high volume spikes and low volume dips, which are critical for detecting supply and demand shifts.
It uses a simple moving average (SMA) of volume to smooth fluctuations.
Fibonacci Levels Integration
When a high-volume event is detected, the indicator records the highest high and lowest low of that candle.
It then plots Fibonacci retracement and extension levels to highlight potential price reaction zones.
Negative Fibonacci levels are included to identify possible deep retracements.
Visual Features
The indicator adapts to both light and dark themes for better visibility.
Fibonacci lines are color-coded based on key retracement and extension levels.
A table displaying key Fibonacci levels and their corresponding prices is provided for quick reference.
Why Is This Indicator Useful?
It helps traders spot accumulation and distribution phases by analyzing volume at key price points.
The combination of VSA and Fibonacci allows traders to confirm trend strength and identify potential reversal points.
Works well for trend-following strategies, scalping, and breakout trading.
How to Use This Indicator?
Use it to confirm breakouts or reversals at Fibonacci levels when volume supports the move.
Watch for high-volume spikes near key Fibonacci zones—these can signal strong trend continuation or reversal.
Use the displayed Fibonacci table to quickly assess price reaction levels.
Credits
This script was inspired by the Hidden Gap’s VSA Volume indicator by HPotter and has been enhanced by integrating Fibonacci-based analysis.
SuperTrend + Relative Volume (Kernel Optimized)Introducing our new KDE Optimized Supertrend + Relative Volume Indicator!
This innovative indicator combines the power of the Supertrend indicator along with Relative Volume. It utilizes the Kernel Density Estimation (KDE) to estimate the probability of a candlestick marking a significant trend break or reversal.
❓How to Interpret the KDE %:
The KDE % is a crucial metric that reflects the likelihood that the current candlestick represents a true break in the SuperTrend line, supported by an increase in relative volume. It estimates the probability of a trend shift or continuation based on historical SuperTrend breaks and volume patterns:
Low KDE %: A lower probability that the current break is significant. Price action is less likely to reverse, and the trend may continue.
Moderate KDE - High KDE %: An increased possibility that a trend reversal or consolidation could occur. Traders should start watching for confirmation signals.
📌How Does It Work?
The SuperTrend indicator uses the Average True Range (ATR) to determine the direction of the trend and identifies when the price crosses the SuperTrend line, signaling a potential trend reversal. Here's how the KDE Optimized SuperTrend Indicator works:
SuperTrend Calculation: The SuperTrend indicator is calculated, and when the price breaks above (bullish) or below (bearish) the SuperTrend line, it is logged as a significant event.
Relative Volume: For each break in the SuperTrend line, we calculate the relative volume (current volume vs. the average volume over a defined period). High relative volume can suggest stronger confirmation of the trend break.
KDE Array Calculation: KDE is applied to the break points and relative volume data:
Define the KDE options: Bandwidth, Number of Steps, and Array Range (Array Max - Array Min).
Create a density range array using the defined number of steps, corresponding to potential break points.
Apply a Gaussian kernel function to the break points and volume data to estimate the likelihood of the trend break being significant.
KDE Value and Signal Generation: The KDE array is updated as each break occurs. The KDE % is calculated for the breakout candlestick, representing the likelihood of the trend break being significant. If the KDE value exceeds the defined activation threshold, a darker bullish or bearish arrow is plotted after bar confirmation. If the KDE value falls below the threshold, a more transparent arrow is drawn, indicating a possible but lower probability break.
⚙️Settings:
SuperTrend Settings:
ATR Length: The period over which the Average True Range (ATR) is calculated.
Multiplier: The multiplier applied to the ATR to determine the SuperTrend threshold.
KDE Settings:
Bandwidth: Determines the smoothness of the KDE function and the width of the influence of each break point.
Number of Bins (Steps): Defines the precision of the KDE algorithm, with higher values offering more detailed calculations.
KDE Threshold %: The level at which relative volume is considered significant for confirming a break.
Relative Volume Length: The number of historic candles used in calculating KDE %
Volume Delta with PVSRAVolume Delta with PVSRA
Volume Delta with PVSRA is an advanced volume indicator that dissects each bar’s volume into its directional components using higher resolution data. It visually distinguishes between buying and selling volume, so that for a bullish candle the bottom portion represents buying volume and for a bearish candle it represents selling volume. A dot is plotted at the 50% mark of the candle’s total volume, serving as a clear reference point.
Key Features:
Directional Volume Breakdown:
The indicator calculates the delta volume by analyzing lower timeframe data. The bottom portion of a bullish candle (displayed in green) represents buying volume, while that of a bearish candle (displayed in red) represents selling volume.
PVSRA Analysis:
Using Price-Volume Spread Range Analysis, the indicator compares the current volume to the 10-bar average. When volume is significantly higher (using thresholds of 150% and 200%), the candle borders are highlighted in custom colors, indicating medium or strong volume conditions.
Volume Moving Averages:
Three moving averages are plotted:
Total Volume MA (yellow): Tracks overall volume.
Buying Volume MA (green) and Selling Volume MA (red): These are re-centered around the total volume MA. A crossover of the green over the red typically signals rising buying pressure, while the opposite indicates increasing selling pressure.
Scalable Volume Bars:
The indicator scales the volume bars to provide optimal visualization on your chart.
Setup Instructions:
For best results, open your chart settings, navigate to the Canvas tab, and set the bottom margin to 0%. This ensures the indicator displays like a standard volume indicator without any unwanted gaps at the bottom.
Customize the various settings—including colors, border opacity, and moving average parameters—to suit your trading style.
