I got a question if it would be possible to Automatically draw S/R levels based on Volume rather than RSI as I had earlier done in this script;
Well it certainly is and it looks as though it might even be tradeable.
The indicator compares the size of volume bars so that if there is a noticeable increase in volume (noticeable here meaning above the indicator...
I just found this script from @kingthies here and like it. So i just made some changes and added some little code into it.
Reduced some noise for the signals. Hope anyone can enjoy it. But keep in mind, did not test it on live trading! Had just some time and love to work in pine :)
Original
Happy Trading
L.A. Little, who wrote two books on trend trading, explained a key timing concept called anchor zones which was used, within his trading system, to enter and exit the market at appropriate times.
Anchor zones are formed from anchor bars. An anchor bar is a bar that has one or more of these components: wide range, high volume or gaps. For this script we're going...
The Money Flow Index is a volume indicator used for measuring buying and selling pressure. This is done by analyzing both price and volume. The MFI's calculation generates a value that is then plotted as a line that moves within a range of 0-100, making it an oscillator. When the MFI rises, this indicates an increase in buying pressure. When it falls, this...
Upvolume and downvolume, calculated according to the MFI (Money Flow) formula, and shown separately.
The indicator has options for also showing NYSE upvolume and downvolume or ES1! (S&P500 upvolume/downvolume) along with the main ticker data, so you can compare them.
The chart can be analyzed by drawing trend lines, and can be surprisingly accurate.
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Высота столбцов характеризует силу (то, на сколько быки/медведи были активнее) сформированной свечи, а цвет - количество затраченной на это энергии (объем).
- Красный - маленький объем;
- Оранжевый - средний объем;
- Зеленый - высокий объем.
This is combined Aggregated ETH Exchange Volume by Neobutane with HawkEye volume clone indicator by LazyBear.
Indicator includes aggregated raw ETH volume from 7 user selectable fiat and tether exchanges on USD, USDT, BTC, EUR, GBP, JPY pairs + Exponential MA + hawkeye bar coloring where: green is bullish volume , red - bearish and white - volume neutral to the...
Highlight significant Candles, i.e. those candles that carry volume above the average volume of the chosen period by the chose proportion.
The value=1.25 with period=20 will highlight candles with volume 125% above the volume average for the last 20 candles.
Represents graphically the importance of each candle to momentum. The calculation highlights price movement weighted by volume trough a weighted average, adding this dimension to traditional RSI, MFI and AD indicators.
This indicator colors the volume bars based on any of the three follow criteria:
- Volume Amount
- RVOL (Relative Volume)
- Lookback (Highest Over Period)
You can use one, two or all three of these settings at the same time.
You can also set alerts with this indicator. The script will trigger an alert whenever any of the three specified flags are triggered.
...
This indicator was developed as part of a free blog post tutorial on the Backtest-Rookies website for detailed code commentary, head over there.
Scope
The indicator shall attempt to do the following:
Look at a lower time-frame. E.g 5 minutes when on a 1-hour chart.
Create a function to loop through through candles and make an assessment.
If the...
This scalper try to do it by volumes
The exit either by take profit or the signals, make the TP fit for your need so you will get better exit points
the len control the length so higher will be less signals lower is more
alerts inside
you free to change this code and do what ever you want with it
I hope you can make it better:)
Cheap thing to throw over your charts when scrolling through the likes of Binance, Bittrex or whatever
Highlights the Golden Cross region ("It's alt season!") -- configurable
Attempts to highlight potential "out of season" blatant accumulation via large volume spikes -- %age spike configurable
![ARNBTC: APEX - MFI / MA [v1]](https://s3.tradingview.com/x/xJUkrwiA_mid.png "APEX - MFI / MA [v1]")
