Normalized volume = (volume - SMA (volume)) / STDEV(volume) For SMA and STDEV, the period is used, which is specified in settings. The selection of pairs for comparison is also set there.
Real-time alerts triggered when volume exceeds the specified threshold
This script visually identifies harmony and divergence within the market through an analysis of volume and price action over a specified lookback period. The script highlights these phenomena on the price chart, aiding traders in making informed decisions based on observed patterns. What It Does: The script operates on the principle of comparing volume and...
This code calculates the correlation between the ATR and the OBV of the price, and plots the difference between the positive and negative OBV correlations as a line. It also plots horizontal lines at the UP and DOWN levels, and signals bullish and bearish crosses when the difference line crosses those levels.
This script is designed for traders who seek to visually identify and analyze patterns of harmony and divergence in the price action of securities directly on their trading charts. The script provides a nuanced approach to understanding market sentiment and potential price movement directions by examining candle sizes and volumes over a specified lookback...
This indicator shows the difference of bullish and bearish trading volume during intraday The idea Especially in "6E1!" it caught my eye, that often outside regular trading hours the price moves in one direction with thin volume and inside regular trading hours it moves back with much higher volume. It is possible, that the market closes e.g. with a plus. And...
Description: Discover Aakash Santhosh's latest creation – the Peaks and Troughs Strategy Pine Script. Join us at the Katrathu Kailaavu community group to explore this powerful tool designed for traders of all levels. This user-friendly Pine Script code automatically identifies market highs and lows, providing clear signals for potential trend reversals. Whether...
Introduction: This Pine Script code, crafted by Aakash Santhosh of the Katrathu Kailaavu Community Group, combines three vital indicators: Average True Range (ATR), SuperTrend, and Moving Average (MA). The goal is to offer traders clear signals for entering and exiting positions, enhancing decision-making and potentially boosting trading success. Average True...
Sure, here's a description for the "Volume Range Dual EMA" indicator: --- **Indicator Name:** Volume Range Dual EMA **Description:** The "Volume Range Dual EMA" indicator is a technical analysis tool designed for TradingView charts. It calculates the ratio of volume to the price range of each bar and plots two Exponential Moving Averages (EMAs) of this...
this script tints the volume in black, if the difference between the candles is less than 10%, then the script paints the right candle in black.
This indicator retrieves open interest (OI) data for major BTC pairs on BINANCE, KRAKEN, and BITMEX exchanges, calculates the Z-score for each OI, detects unusual movements in OI, and visually displays them on the chart. The main concept of this indicator is to simultaneously monitor OI data from multiple exchanges and visually capture when each OI exhibits...
This indicator is a sophisticated trading tool designed to assist traders in monitoring the effectiveness of their trading strategy over time. It provides real-time feedback on the performance of recent trades, offering insights into the success rate of buying and selling decisions based on predefined criteria. This indicator is especially useful for traders...
This indicator visually represents the positioning of market participants using open interest (OI) data of Bitcoin futures obtained from multiple exchanges. The main features and functions of the indicator are as follows: 1. Aggregation of OI data from multiple exchanges - Retrieves and sums OI data from 5 symbols: Binance (BTCUSDTPERP, BTCPERP), Kraken...
🔶 Description: Smart Money Concepts (SMC) refer to a trading strategy that revolves around understanding and following the actions of institutional investors, such as banks and hedge funds, who are considered the “smart money” in the market. The concept is based on the idea that these institutions have more information and resources, and thus their market...
The Combined WaveTrend and Squeeze Momentum Indicator with VWAP (CWT_SQZMOM) is a powerful trading tool designed for traders looking to capitalize on market momentum and volatility squeezes, with the added insight of volume-weighted average price (VWAP) levels. This custom indicator integrates three key components: WaveTrend Oscillator: A momentum...
The connectable volume plus indicator enhances your trading strategy by providing an in-depth analysis of volume data within the connectable indicator system . This tool extends beyond the scope of traditional volume analysis, enabling a comprehensive examination of market trends without the necessity for coding. As part of our range of connectable indicators...
🚀 Introducing the Momentum Concepts™ , a robust multi-layered momentum analysis tool developed by AlgoAlpha . This All-in-One indicator offers a comprehensive approach to understanding market momentum, empowering traders with hyper customizable features to tailor their analysis to their specific trading strategies. Designed with efficiency and compactness in...
Period Value Zones is designed to help traders understand where current value is being found by splitting the day into 3 key periods based on common reversal times recognized for intraday trading. By splitting the day into 3 periods, we can more efficiently determine where short-term value lies by using only the data we consider relevant during these periods of...