Direction finderA trend indicator is a tool used in technical analysis to help identify the direction and strength of a price movement in financial markets. It serves as a guide for traders and investors to understand whether an asset's price is likely to continue moving in a particular direction or if it may reverse. Trend indicators are typically based on historical price data, volume, and sometimes volatility, and they often use mathematical calculations or graphical representations to simplify trend analysis.
Common types of trend indicators include:
Moving Averages (MAs): Averages the asset price over a set period, creating a smooth line that helps identify the general direction of the trend. Popular moving averages include the Simple Moving Average (SMA) and Exponential Moving Average (EMA).
Moving Average Convergence Divergence (MACD): Measures the relationship between two moving averages of an asset’s price, often used to signal trend reversals or continuations based on line crossovers and the direction of the MACD line.
Average Directional Index (ADX): Indicates the strength of a trend rather than its direction. A high ADX value suggests a strong trend, while a low value suggests a weak trend or a range-bound market.
Bollinger Bands: This indicator includes a moving average with bands set at standard deviations above and below. It helps identify price volatility and potential trend reversals when prices move toward the outer bands.
Trend indicators can help identify entry and exit points by suggesting whether a trend is continuing or if the price may be about to reverse. However, they are often used in conjunction with other types of indicators, such as momentum or volume-based tools, to provide a fuller picture of market behavior and confirm trading signals.
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Directional Volatility and Volume with Three ATR Bandsadded some effects on @PuguForex indiactor " Directional Volatility and Volume "using chatgpt
would like some help crating exiting stuff since am lazy on these kind of stuff but consider of having of some what some brain
long/short price hits red
high win-rate or breakeven low losses (AT YOUR OWN COST)
small percentage add up
play with yellow on your cost
better using DCA on reds to see better result to avoid extreme case seniors multiplying it
exept if your going oppisite of the narritive / cycle / market / flow than your a ignorrant / cursed / stupid (sorry)
(maybe some updated edits coming on the way)
THANK ALLAH ALL TIME AND ASK FOR HIS FORGIVNESS AS YOUR A LIVE NO TIME LEFT
WORSHIP HIM ALONE WITH NO CAMPANIONS
PEACE AND MERCY AND BLESSING TO YOU
Volume Flow ConfluenceVolume Flow Confluence (CMF-KVO Integration)
Core Function:
The Volume Flow Confluence Indicator combines two volume-analysis methods: Chaikin Money Flow (CMF) and the Klinger Volume Oscillator (KVO). It displays a histogram only when both indicators align in their respective signals.
Signal States:
• Green Bars: CMF is positive (> 0) and KVO is above its signal line
• Red Bars: CMF is negative (< 0) and KVO is below its signal line
• No Bars: When indicators disagree
Technical Components:
Chaikin Money Flow (CMF):
Measures the relationship between volume and price location within the trading range:
• Calculates money flow volume using close position relative to high/low range
• Aggregates and normalizes over specified period
• Default period: 20
Klinger Volume Oscillator (KVO):
Evaluates volume in relation to price movement:
• Tracks trend changes using HLC3
• Applies volume force calculation
• Uses two EMAs (34/55) with a signal line (13)
Practical Applications:
1. Signal Identification
- New colored bars after blank periods show new agreement between indicators
- Color intensity differentiates new signals from continuations
- Blank spaces indicate lack of agreement
2. Trend Analysis
- Consecutive colored bars show continued indicator agreement
- Transitions between colors or to blank spaces show changing conditions
- Can be used alongside other technical analysis tools
3. Risk Considerations
- Signals are not predictive of future price movement
- Should be used as one of multiple analysis tools
- Effectiveness may vary across different markets and timeframes
Technical Specifications:
Core Algorithm
CMF = Σ(((C - L) - (H - C))/(H - L) × V)n / Σ(V)n
KVO = EMA(VF, 34) - EMA(VF, 55)
Where VF = V × |2(dm/cm) - 1| × sign(Δhlc3)
Signal Line = EMA(KVO, 13)
Signal Logic
Long: CMF > 0 AND KVO > Signal
Short: CMF < 0 AND KVO < Signal
Neutral: All other conditions
Parameters
CMF Length = 20
KVO Fast = 34
KVO Slow = 55
KVO Signal = 13
Volume = Regular/Actual Volume
Data Requirements
Price Data: OHLC
Volume Data: Required
Minimum History: 55 bars
Recommended Timeframe: ≥ 1H
Credits:
• Marc Chaikin - Original CMF development
• Stephen Klinger - Original KVO development
• Alex Orekhov (everget) - CMF script implementation
• nj_guy72 - KVO script implementation
Volume based support and resistance [camerilla pivot]
Your script is a comprehensive indicator built for the Pine Script v5, incorporating a Variable Index Dynamic Average (VIDYA) with Camerilla pivot levels and liquidity zones. I'll break down key elements and provide minor improvements or corrections if needed.
Structure and Key Features
VIDYA Calculation:
vidya_calc function calculates the Variable Index Dynamic Average, a volatility-adjusted moving average.
It uses a momentum-based calculation to adjust its response to price changes, making it adaptive.
Liquidity Zones:
The script creates liquidity lines based on pivot highs and lows, marking potential support and resistance zones.
The extend_liquidity_lines function handles the visual updates for these liquidity lines, adding labels and markers based on volume changes.
Trend Detection:
The script identifies up and down trends based on VIDYA crossovers with user-defined upper and lower bands.
Accumulated volumes are calculated separately for uptrends and downtrends, and this information is displayed on the last bar.
Camarilla Pivots:
Camarilla pivots are calculated using high, low, and close prices from a specified timeframe (default: daily).
This includes various levels such as R3, S3, R4, S4, etc., with optional labels to show these levels on the chart.
The pivot levels are dynamically updated, resetting previous labels and lines to avoid clutter.
Breakout and Breakdown Detector with Alerts//@version=5
indicator("Breakout and Breakdown Detector with Alerts", overlay=true)
// Define the lookback period for recent highs and lows
lookbackPeriod = input.int(20, "Lookback Period")
// Calculate recent high and low levels within the lookback period
recentHigh = ta.highest(high, lookbackPeriod)
recentLow = ta.lowest(low, lookbackPeriod)
// Define Breakout and Breakdown Conditions
breakout = close > recentHigh
breakdown = close < recentLow
// Plot Breakout and Breakdown Signals
plotshape(series=breakout, title="Breakout", location=location.abovebar, color=color.green, style=shape.labelup, text="Breakout")
plotshape(series=breakdown, title="Breakdown", location=location.belowbar, color=color.red, style=shape.labeldown, text="Breakdown")
// Plot Recent High and Low Levels for Visual Reference
plot(recentHigh, color=color.green, linewidth=1, title="Recent High")
plot(recentLow, color=color.red, linewidth=1, title="Recent Low")
// Alerts for Breakout and Breakdown
if (breakout)
alert("Breakout detected! Price has closed above recent high.", alert.freq_once_per_bar)
if (breakdown)
alert("Breakdown detected! Price has closed below recent low.", alert.freq_once_per_bar)
CVD + VWAP, Multi-InputEdit of TradingView's indicator, the Lower-Time-Frame Cumulative-Volume-Delta (LTF CVD), with Multi-Input Volume Aggregation
This indicator enhances TradingView's Cumulative Volume Delta (CVD) by enabling volume aggregation across multiple inputs. Perfect for aggregating volume data from different sources like multiple exchanges, or even different symbols sharing the same denomination (e.g., USDT pairs).
Added Features:
- Multiple Input Support: Aggregate volume from up to 7 different sources
- Toggle Individual Inputs: Enable/disable each input source
- Smart Timeframe Selection: Automatically calculates optimal timeframe granularity to display maximum historical data
- Custom Timeframe Option: Manual override for specific timeframe requirements
- VWAP Integration: Calculates volume-weighted average price across all selected inputs
- Net Trade Display: Shows total net buying/selling volume across all sources
- Maintains LTF Data Accuracy: Uses lower timeframe data for precise volume calculations
Perfect for:
- Analyzing combined trading activity from multiple sources
- Tracking complete volume history across different venues
- Comparing volume patterns between different inputs
- Getting a comprehensive view of buying/selling pressure
Based on TradingView's original CVD indicator, maintaining its core functionality while adding multi-input capabilities.
Volume Spike and Lowest VolumeVolume spike over last day. Best results can be seen with 5x volume spikes
EMA 25 and 200EMA 25 and 200
Traders can use the EMA 25 and 200 to determine the current trend direction.
A bullish trend is indicated when the EMA 25 is above the EMA 200, while a bearish trend is suggested when the EMA 25 is below the EMA 200.
Crossovers can be used as trading signals; for instance, a Golden Cross may prompt traders to consider long positions.
Reptile Candle Marker with ArrowsReptile Candle Marker
The Reptile Candle Marker is a custom indicator designed to identify a specific pattern in price action, known as the "reptile candle." This pattern is characterized by a small body with long wicks on both the upper and lower sides. These candles often indicate indecision or a reversal in the market, making them useful for traders looking for potential turning points.
Key Features:
Small Body and Large Wicks: The indicator highlights candles with a small body relative to the overall candle range, accompanied by long upper and lower wicks. This is achieved by comparing the size of the wicks to the body and the overall candle range.
Volume Confirmation: The indicator ensures that the identified candles are accompanied by high volume, which serves as confirmation of the significance of the price action.
Visual Highlighting: When a "reptile" candle is detected, the body of the candle and the wicks are both colored yellow. This allows for easy identification on the chart.
Custom Wick Lines: To ensure the wicks stand out, the indicator draws yellow lines above and below the candles, representing the upper and lower wicks. These lines remain fixed in place even as the chart is scaled or moved.
How It Works:
The indicator identifies candles where:
The upper wick is longer than the body by a specified ratio.
The lower wick is longer than the body by the same ratio.
The candle's body size is small compared to the total candle range (less than 30% of the range).
The volume is significantly higher than the 20-period moving average volume, indicating increased market activity.
When these conditions are met, the indicator marks the candle by coloring its body and wicks yellow. Additionally, it draws custom yellow wick lines to visually represent the wick size.
How to Use:
This indicator is designed to highlight potential reversal points or periods of indecision in the market. Traders can use it to spot possible turning points, especially when accompanied by other technical analysis tools such as support/resistance levels or trend indicators.
Customizable Parameters:
Wick to Body Ratio: Controls the sensitivity for detecting large wicks relative to the candle body.
Volume Factor: Adjusts the threshold for identifying candles with significantly higher volume than the moving average.
Volume based support and resistance [camerilla pivot]VIDYA Calculation:
vidya_calc function calculates the Variable Index Dynamic Average, a volatility-adjusted moving average.
It uses a momentum-based calculation to adjust its response to price changes, making it adaptive.
Liquidity Zones:
The script creates liquidity lines based on pivot highs and lows, marking potential support and resistance zones.
The extend_liquidity_lines function handles the visual updates for these liquidity lines, adding labels and markers based on volume changes.
Trend Detection:
The script identifies up and down trends based on VIDYA crossovers with user-defined upper and lower bands.
Accumulated volumes are calculated separately for uptrends and downtrends, and this information is displayed on the last bar.
Camarilla Pivots:
Camarilla pivots are calculated using high, low, and close prices from a specified timeframe (default: daily).
This includes various levels such as R3, S3, R4, S4, etc., with optional labels to show these levels on the chart.
The pivot levels are dynamically updated, resetting previous labels and lines to avoid clutter.
Volumen Diario OCTAMPSMuestra el volumen de cada vela como un histograma en color azul, con barras que reflejan el volumen negociado en el período seleccionado (diario, horario, etc.).
All-in-one market analysis toolThis script combines multiple technical indicators to analyze price movements and identify potential trading opportunities. Here's a breakdown of the key indicators involved:
* RSI (Relative Strength Index): Measures the momentum of price changes to gauge whether an asset is overbought or oversold.
* MACD (Moving Average Convergence Divergence): Identifies trend direction and potential reversals based on the relationship between two moving averages.
* Highs/Lows Oscillation: Analyzes the distribution of recent price highs and lows to detect potential turning points.
* Directional Movement Index (DX): Measures the strength of trend movements by comparing upward and downward price movements.
The script attempts to find a balance between these indicators to provide insights into both trending and ranging market conditions.
Key Formulas:
* Custom RSI calculation: The script utilizes a custom formula for calculating the RSI, which incorporates a smoothing factor and potentially additional adjustments based on user input. (Specific formula not directly shown in the provided code)
* Highs/Lows Oscillation Bands: The script calculates upper and lower bands based on the distribution of recent price highs and lows. Prices reaching or exceeding these bands might suggest potential overbought or oversold conditions. (Formula for band calculation not explicitly shown)
* Directional Movement Index (DX): The script employs the standard formula for calculating the DX, which involves calculating the Average Directional Movement (ADM) for both upward and downward price movements and then calculating the ratio between them. (Formula not directly shown in the code)
Detailed Usage Instructions:
* Input Parameters:
* The script offers various input parameters that allow users to customize its behavior. These include:
* RSI Length: This defines the lookback period for the RSI calculation.
* MACD Settings: Users can adjust the parameters used for calculating the MACD indicator (not shown in this code snippet).
* Highs/Lows Oscillation Parameters: Users can potentially adjust parameters related to the calculation of the highs/lows bands (not explicitly shown).
* Noise Removal: The script allows filtering out potential RSI noise based on user-defined thresholds.
* Alert Frequency: Users can configure how often the script triggers alerts based on RSI values.
* Script Output:
* The script generates a visual representation on the chart that incorporates several elements:
* Price Candles: The script displays standard price candlesticks to visualize price movements.
* MACD Bars: The script plots MACD bars to indicate trend direction and potential reversals.
* RSI Line: A line is plotted to represent the calculated RSI values.
* Highs/Lows Bands: The script potentially plots upper and lower bands based on the highs/lows oscillation analysis. (Not explicitly shown in this code)
* DX Line: The script might display a line representing the DX value to show trend strength. (Not shown)
* Alert Labels: Depending on the RSI value and chosen settings, the script might display labels or arrows at potential turning points.
* Trading Signals:
* The script aims to provide users with potential trading signals based on the combined analysis of the integrated indicators. Here are some general interpretations:
* Rising RSI with increasing MACD: This might suggest a bullish trend with potential for further price increases.
* Falling RSI with decreasing MACD: This could indicate a bearish trend with potential for price declines.
* RSI reaching overbought/oversold zones: This might signal potential trend reversals, although the script offers options to filter out noise in these areas.
* DX values: A rising DX suggests a strong trend, while a falling DX indicates a weakening trend.
Important Notes:
* This script provides recommendations based on technical indicators, but it's not a guaranteed trading strategy. Users should consider other factors like risk management and fundamental analysis before making trading decisions.
* The script offers various customization options, and users should experiment to find settings that best suit their trading style and preferences.
* Remember, past performance is not necessarily indicative of future results.
I hope this explanation clarifies the script's functionality and empowers you to use it effectively!
Utilizing Bollinger Bands with RSI to Identify Support and Resis * Name: RSI and Bollinger Bands: A Powerful Combination for Trend Following and Level Identification
* Functionality: This script combines the Relative Strength Index (RSI), Bollinger Bands (BB), and custom calculations to identify trends, potential reversals, and generate buy/sell signals.
Key Components and Calculations:
* RSI Calculation:
* The script calculates the RSI using a smoothed average of price gains and losses over a specified period (rput).
* Higher RSI values (> uvel) suggest overbought conditions, while lower values (< dnel) suggest oversold conditions.
* Bollinger Bands (BB):
* The script calculates the central moving average (basis) of the closing price (basis) and the upper and lower bands (upper and lower) based on standard deviations (dev) from the basis.
* The BBs act as a volatility channel, with price movements typically fluctuating within the bands.
* Custom Calculations:
* The script incorporates additional calculations beyond RSI and BBs:
* OBV (On-Balance Volume): Measures buying and selling pressure based on volume changes.
* Supertrend: A trend following indicator not fully implemented in the provided code snippet.
* William's %R: Another momentum oscillator used to gauge overbought/oversold conditions (not explicitly calculated but referenced in inputs).
* Trend and Channel Identification:
* The script uses the RSI, OBV, and closing price to identify potential trend directions (upward, downward).
* The BBs and custom calculations like the supertrend (if fully implemented) might further refine trend identification.
* Buy/Sell Signals:
* The script generates buy signals when the RSI crosses below the oversold threshold (dnel) and sell signals when it crosses above the overbought threshold (uvel).
* Additional buy/sell conditions might be based on price crossing above/below specific levels within the BBs or other calculations.
Potential Applications:
* Trend Confirmation: The RSI and BBs can help confirm the prevailing trend direction.
* Trend Reversal Signals: A bullish RSI crossover with increasing OBV and price movement above the BB could suggest a potential buying opportunity (trend reversal from bearish to bullish).
* Overbought/Oversold Signals: RSI extremes can indicate potential reversal zones, with high RSI suggesting a potential sell and low RSI suggesting a potential buy.
* Volatility Breakout/Breakdown: Price breakouts above the upper BB or breakdowns below the lower BB could signal increased volatility and potential trend continuation.
Additional Notes:
* The script offers customizable parameters for various calculations (RSI period, BB multiplier, etc.), allowing traders to adjust the indicator to their preferences.
* Backtesting the script with historical data can help assess its effectiveness and identify potential strengths and weaknesses in different market conditions.
Custom AO with Open Difference**Custom AO with Open Difference Indicator**
This indicator, *Custom AO with Open Difference*, is designed to help confirm trend direction based on the relationship between the daily open price and recent 4-hour open prices. It calculates the Awesome Oscillator (AO) based on the difference between the daily open price and the average of the previous six 4-hour open prices. This approach provides insight into whether the current open price is significantly diverging from recent short-term opens, which can indicate a trend shift or continuation.
### Technical Analysis and Features
1. **Trend Confirmation**: By comparing the daily open with the mean of six previous 4-hour open prices, this indicator helps identify trends. When the current daily open is below the average of recent opens, the AO value will plot as green, signaling potential upward momentum. Conversely, if the daily open is above the recent average, the histogram will plot red, suggesting possible downward momentum.
2. **Non-Repainting**: Since it relies on completed 4-hour and daily open prices, this indicator does not repaint, ensuring that all values remain fixed after the close of each period. This non-repainting feature makes it suitable for backtesting and reliable for trend confirmation without fear of historical changes.
3. **AO Mean Calculation**: The indicator calculates the average of six previous 4-hour open prices, providing a smoothed value to reduce short-term noise. This helps in identifying meaningful deviations, making the AO values a more stable basis for trend determination than using just the latest 4-hour or daily open.
4. **Histogram for Visual Clarity**: The indicator is displayed as a histogram, making it easy to identify trend changes visually. If the AO bar turns green, it’s a signal that the 4-hour average is below the daily open, suggesting an uptrend or bullish momentum. Red bars indicate that the daily open is above the recent 4-hour averages, potentially signaling a downtrend or bearish momentum.
### Practical Application
The *Custom AO with Open Difference* is a versatile tool for confirming the open price trend without needing complex oscillators or lagging indicators. Traders can use this tool to gauge the market sentiment by observing open price variations and use it as a foundation for decision-making in both short-term and daily timeframes. Its non-repainting nature adds reliability for traders using this indicator as part of a broader trading strategy.
First 5 Minutes Open/Close LinesThis very simple indicator paints lines at the high and low of the first 5m candle of the session. It is primarily intended for big cap NYSE traded stocks with high volume. I wrote this indicator to save me the trouble of manually drawing the lines each day.
The lines drawn at the 5m high/low will remain constant regardless of which timeframe you switch to. In the example screenshot, we are looking at the 1m timeframe. This helps us switch effortlessly between different timeframes to see if a given price movement meets our entry criteria.
In addition to drawing lines at the first 5m high/low, it will optionally paint two zones, one each around the high and low. The boundaries of this zone are configurable and expressed as a percentage of the total movement of the first 5m bar. By default, it is set to 25%.
This indicator is based on the concept that the first 5m bar always has massive volume which helps us infer that price may react around the extremes of that movement. The basic strategy works something like this:
- You identify the high timeframe (HTF) trend direction of the stock
- You wait for the first 5m candle of the session to close
- You wait for price to puncture through the outer boundary of the zone marked by the indicator.
- You enter when price retraces to the high, or low, which marks the midpoint of the punctured zone.
- Only enter long on stocks in a HTF uptrend, and short on stocks in an HTF downtrend.
- Use market structure to identify stop loss and take profit targets
Note: Use at your own risk. This indicator and the strategy described herein are not in any way financial advice, nor does the author of this script make any claims about the effectiveness of this strategy, which may depend highly on the discretion and skill of the trader executing it, among many other factors outside of the author's control. The author of this script accepts no liability, and is not responsible for any trading decisions that you may or may not make as a result of this indicator. You should expect to lose money if using this indicator.
Globex time (New York Time)This indicator is designed to highlight and analyze price movements within the Globex session. Primarily geared toward the Globex Trap trading strategy, this tool visually identifies the session's high and low prices, allowing traders to better assess price action during extended hours. Here’s a comprehensive breakdown of its features and functionality:
Purpose
The "Globex Time (New York Time)" indicator tracks price levels during the Globex trading session, providing a clear view of overnight market activity. This session, typically running from 6 p.m. ET (18:00) until the following morning at 8:30 a.m. ET, is a critical period where significant market positioning can occur before the regular session opens. In the Globex Trap strategy, the session high and low are essential levels, as price movements around these areas often indicate potential support, resistance, or reversal zones, which traders use to set up entries or exits when the regular trading session begins.
Key Features
Customizable Session Start and End Times
The indicator allows users to specify the exact start and end times of the Globex session in New York time. The default settings are:
Start: 6 p.m. ET (18:00)
End: 8:30 a.m. ET
These settings can be adjusted to align with specific market hours or personal preferences.
Session High and Low Identification
Throughout the defined session, the indicator dynamically calculates and tracks:
Session High: The highest price reached within the session.
Session Low: The lowest price reached within the session.
These levels are essential for the Globex Trap strategy, as price action around them can indicate likely breakout or reversal points when regular trading resumes.
Vertical Lines for Session Start and End
The indicator draws vertical lines at both the session start and end times:
Session Start Line: A solid line marking the exact beginning of the Globex session.
Session End Line: A similar vertical line marking the session’s conclusion.
Both lines are customizable in terms of color and thickness, making it easy to distinguish the session boundaries visually on the chart.
Horizontal Lines for Session High and Low
At the end of the session, the indicator plots horizontal lines representing the Globex session's high and low levels. Users can customize these lines:
Color: Define specific colors for the session high (default: red) and session low (default: green) to easily differentiate them.
Line Style: Options to set the line style (solid, dashed, or dotted) provide flexibility for visual preferences and chart organization.
Automatic Reset for Daily Tracking
To adapt to the next trading day, the indicator resets the session high and low data once the current session ends. This reset prepares it to start tracking new levels at the beginning of the next session without manual intervention.
Practical Application in the Globex Trap Strategy
In the Globex Trap strategy, traders are primarily interested in price behavior around the high and low levels established during the overnight session. Common applications of this indicator for this strategy include:
Breakout Trades: Watching for price to break above the Globex high or below the Globex low, indicating potential momentum in the breakout direction.
Reversal Trades: Monitoring for failed breakouts or traps where price tests and rejects the Globex high or low, suggesting a reversal as liquidity is trapped in these zones.
Support and Resistance Zones: Using the session high and low as key support and resistance levels during the regular trading session, with potential entry or exit points when price approaches these areas.
Additional Configuration Options
Vertical Line Color and Width: Define the color and thickness of the vertical session start and end lines to match your chart’s theme.
Upper and Lower Line Colors and Styles: Customize the appearance of the session high and low horizontal lines by setting color and line style (solid, dashed, or dotted), making it easy to distinguish these critical levels from other chart markings.
Summary
This indicator is a valuable tool for traders implementing the Globex Trap strategy. It visually segments the Globex session and marks essential price levels, helping traders analyze market behavior overnight. Through its customizable options and clear visual representation, it simplifies tracking overnight price activity and identifying strategic levels for potential trade setups during the regular session.
Delivery Volume IndicatorDelivery Volume Indicator
The Delivery Volume Indicator is designed to provide insights into trading volume specifically delivered on a daily basis, scaled in lakhs (hundreds of thousands) for ease of interpretation. This tool can be especially useful for traders looking to monitor delivery-based volume changes and trends, as it helps to distinguish between bullish and bearish volume flows.
Key Features:
Daily Volume in Lakhs: The indicator pulls daily volume data and scales it to lakhs for more readable values.
Bullish/Bearish Color Coding: The indicator color-codes volume columns to reflect market sentiment. Columns are displayed in green when the price closes higher than it opens (bullish) and in red when the price closes lower than it opens (bearish).
Adjustable EMA: A customizable Exponential Moving Average (EMA) is applied to the scaled delivery volume. The EMA line, displayed in blue, helps smooth out volume trends and allows traders to adjust the period for personal strategy alignment.
How to Use:
Observe the delivery volume changes to track market sentiment over time. Increased bullish delivery volume could indicate accumulating interest, while increased bearish delivery volume might suggest distribution.
Utilize the EMA to identify longer-term trends in delivery volume, with shorter EMA periods for quick volume shifts and longer periods for gradual trend changes.
This indicator is ideal for traders seeking volume-based insights that align closely with price action.
On Balance Volume Oscillator of Trading Volume TrendOn Balance Volume Oscillator of Trading Volume Trend
Introduction
This indicator, the "On Balance Volume Oscillator of Trading Volume Trend," is a technical analysis tool designed to provide insights into market momentum and potential trend reversals by combining the On Balance Volume (OBV) and Relative Strength Index (RSI) indicators.
Calculation and Methodology
* OBV Calculation: The indicator first calculates the On Balance Volume, which is a cumulative total of the volume of up days minus the volume of down days. This provides a running tally of buying and selling pressure.
* RSI of OBV: The RSI is then applied to the OBV values to smooth the data and identify overbought or oversold conditions.
* Exponential Moving Averages (EMAs): Two EMAs are calculated on the RSI of OBV. A shorter-term EMA (9-period in this case) and a longer-term EMA (100-period) are used to generate signals.
Interpretation and Usage
* EMA Crossovers: When the shorter-term EMA crosses above the longer-term EMA, it suggests increasing bullish momentum. Conversely, a downward crossover indicates weakening bullish momentum or increasing bearish pressure.
* RSI Divergences: Divergences between the price and the indicator can signal potential trend reversals. For example, if the price is making new highs but the indicator is failing to do so, it could be a bearish divergence.
* Overbought/Oversold Conditions: When the RSI of OBV is above 70, it suggests the market may be overbought and a potential correction could be imminent. Conversely, when it is below 30, it suggests the market may be oversold.
Visual Representation
The indicator is plotted on a chart with multiple lines and filled areas:
* Two EMAs: The shorter-term EMA and longer-term EMA are plotted to show the trend of the OBV.
* Filled Areas: The area between the two EMAs is filled with a color to indicate the strength of the trend. The color changes based on whether the shorter-term EMA is above or below the longer-term EMA.
* RSI Bands: Horizontal lines at 30 and 70 mark the overbought and oversold levels for the RSI of OBV.
Summary
The On Balance Volume Oscillator of Trading Volume Trend provides a comprehensive view of market momentum and can be a valuable tool for traders. By combining the OBV and RSI, this indicator helps identify potential trend reversals, overbought and oversold conditions, and the strength of the current trend.
Note: This indicator should be used in conjunction with other technical analysis tools and fundamental analysis to make informed trading decisions.
Volume Bars [jpkxyz]
Multi-Timeframe Volume indicator by @jpkxyz
This script is a Multi-Timeframe Volume Z-Score Indicator. It dynamically calculates /the Z-Score of volume over different timeframes to assess how significantly current
volume deviates from its historical average. The Z-Score is computed for each
timeframe independently and is based on a user-defined lookback period. The
script switches between timeframes automatically, adapting to the chart's current
timeframe using `timeframe.multiplier`.
The Z-Score formula used is: (current volume - mean) / standard deviation, where
mean and standard deviation are calculated over the lookback period.
The indicator highlights periods of "significant" and "massive" volume by comparing
the Z-Score to user-specified thresholds (`zScoreThreshold` for significant volume
and `massiveZScoreThreshold` for massive volume). The script flags buy or sell
conditions based on whether the current close is higher or lower than the open.
Visual cues:
- Dark Green for massive buy volume.
- Red for massive sell volume.
- Green for significant buy volume.
- Orange for significant sell volume.
- Gray for normal volume.
The script also provides customizable alert conditions for detecting significant or massive buy/sell volume events, allowing users to set real-time alerts.
David_candle length with average and candle directionThis indicator,
calculates the difference between the highest and lowest price (High-Low difference) for a specified number of periods and displays it in a table. Here are the functions and details included:
Number of Periods: The user can define the number of periods (e.g., 10) for which the High-Low differences are calculated.
Table Position: The position of the table that displays the results can be selected by the user (top left, top right, bottom left, or bottom right).
High-Low Difference per Candle: For each defined period, the difference between the highest and lowest price of the respective candle is calculated.
Candle Direction: The color of the displayed text in the table changes based on the candle direction:
Green for bullish candles (close price higher than open price).
Red for bearish candles (close price lower than open price).
White for neutral candles (close price equal to open price).
Average: Below the High-Low differences, the average value of the calculated differences is displayed in yellow text.
This indicator is useful for visually analyzing the volatility and movement range within the recent candles by highlighting the average High-Low difference.
Free Imbalance FinderThis Script is an Imbalance Finder, imbalance also goes by the name FVG/Fair Value Gap.
This indicator will automatically highlight and create boxes for Bearish and Bullish Imbalances/FVGs on your Chart.
The indicator is very minimalistic, with only a few settings in the Settings Menu of the Indicator.
You can change the Color of the Boxes and the Border color for the Boxes/Rectangles it will highlight on your chart.
This indicator will also remove Mitigated Imbalances/FVGs when price Fills over 50% of them.
Imbalances/FVGs is very useful, and this indicator will help you identify them on your Candle Stick Chart. If Price is pushing price hard in one dication, without much pullback, you will often see large Gaps. Often called Imbalances or FVGs.
Most people trading ICT or Smart Money Concepts use the concept of Imbalances/FVGs.
And for those people trading that style, this indicator can be helpful.
Use cases:
1.
If you look at XAU/USD on the 1min timeframe, you will often see that Price tends to not leave much 1min Imbalances/FVGs. So with this indicator, you can easily observe how Price is reacting in areas where there is left behind areas of unmitigated Imbalances/FVGs.
2.
If you are Trading Supply and Demand strategies with Orderblocks, and you have an Imbalance Below your Supply, or above your Demand zone. This indicator will Highlight that imbalance for you. Considering the nature of how Imbalances/FVGs is created, often with a big push/momentum in on direction. The Start of the push is often a Supply/Demand zone.
VPA Volume Price AverageDescription:
This indicator displays a moving average of volume and its signal line in a separate pane, with conditional highlighting to help interpret buyer and seller pressure. It’s based on two main lines:
Volume Moving Average (red line) : represents the average volume calculated over a configurable number of periods.
Signal Line of the Volume Moving Average (blue line): this is an average of the volume moving average itself, used as a reference for volume trends.
Key Features
Volume Moving Average with Conditional Highlighting:
The volume moving average is plotted as a red line and changes color based on two specific conditions:
The closing price is above its moving average, calculated over a configurable number of periods, indicating a bullish trend.
The volume moving average is greater than the signal line, suggesting an increase in buyer pressure.
When both conditions are met, the volume moving average turns green. If one or both conditions are not met, the line remains red.
Signal Line of the Volume Moving Average:
The signal line is plotted in blue and represents a smoothed version of the volume moving average, useful for identifying long-term volume trends and as a reference for the highlighting condition.
Customizable Periods
The indicator allows you to set the periods for each average to adapt to different timeframes and desired sensitivity:
Period for calculating the volume moving average.
Period for calculating the signal line of the volume moving average.
Period for the price moving average (used in the highlighting condition).
How to Use
This indicator is especially useful for monitoring volume dynamics in detail, with a visual system that highlights conditions of increasing buyer strength when the price is in an uptrend. The green highlight on the volume moving average provides an intuitive signal for identifying potential moments of buyer support.
Try it to gain a clearer and more focused view of volume behavior relative to price movement!
