Uses Volume and current outstanding shares float to calculate a ratio to determine if a price trend is occuring.
(ENG) This script consists of my own strategy for cryptocurrency (but can be adapted very well for stocks, forex, etc.) Is a combination of: - Four Exponentials Moving Average (EMA), configurables: by defect are 10, 21, 55 and 200 periods in yellow, aqua, orange and blue each of them - Parabolic SAR System (PSAR), configurable - Volume Profile (that has been...
Because the big Bitcoin crash I have been looking a lot at high timeframe metrics. I never spent much time learning POC so I decided to create a little script for determining these on higher timeframes. Currently included: Monthly, 3 months and 6 months. /* DEFINITION */ Point Of Control (= POC) is a price level at which the heaviest volumes were traded. Value...
The script plots the order flow clusters for the last six candles in the middle right. The cluster contains buy volume, sell volume and the price range of the volume. It calculates uptick volume as buy volume and down tick volume as sell volume and calculates the delta(shown in labels). Recent ATR is considered to determine each cell price range in the cluster....
This script adds arrows to where Open and/or Close are. It is usually better to study seasonal volume with candles off, yet it is worth knowing where the closing price is.
Many forex traders are familiar with the concepts of volume price analysis as enshrined in Wyckoff’s three laws of effort and result, cause and effect and supply and demand. This is the linear relationship between volume and price. Now with the Volume Point of Control, this relationship is taken to the next level adding the concept of time and inspired by the...
Uniform Volume Profile The volume of a single candlestick is uniformly distributed by its range (high - low) along all the colliding volume profile bars. For example, if a 10% of a candlestick intersects some volume bar (horizontal line) only the 10% of that candlestick volume will contribute to that profile.
This volume indicator detects and paints with different colors up to 3 ranges of volume level necessary to identify the price zones where large investors act and trade with the price and volume's strategy. It will be easier and faster for you to identify the important volume levels in order to apply them to your trades. The greater difference and advantage over...
Displays the estimate of a volume profile, with the option to show a rolling POC (point of control). Users can change the lookback, row size, and various visual aspects of the volume profile. Settings Basic: Lookback: Number of most recent bars to use for the calculation of the volume profile Row Size: Determines the number of rows used for the...
This is a total re-write of my previous Opening Range indicator. All the same functionality with better code Features Opening Range and Initial Balance ranges (30 minutes and 1 hour defaults) Overnight Range Daily Open Price Can select which midpoint: OR or IB 4 separate extensions (up and down) based on either OR or IB Shaded range area All lines...
Dollar volume is simply the volume traded multiplied times the cost of the stock. Dollar volume is an extremely important metric for finding stocks with enough liquidity for market makers to position themselves in. Market Liquidity is defined as market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change...
Up/Down Volume Ratio is calculated by summing volume on days when it closes up and divide that total by the volume on days when the stock closed down. High volume up days are typically a sign of accumulation(buying) by big players, while down days are signs of distribution(selling) by big market players. The Up Down volume ratio takes this assumption and turns...
Ori Volume Profile plots trading volume as a histogram on the price scale. You can add it more than once to increase its precision. It starts drawing from the bar it starts to calculate. If you can't see the volume profile zoom out and go left in the chart until you can see the starting position. For adding it multiple times you should set inputs correclty....
This indicator shows the volume profile by daily blocks and draws on the chart the support or resistance lines produced by the previous volume profile block. A support line will be created if in the previous block, the VPOC line was closer to the lowest price line of that block. This support line will be placed below the VPOC line, at a distance equal to the...
What is Volume Profile? Volume Profile is an advanced order flow analysis which displays volume distribution at various price points over time. It may be called a recent biodata of a stock which is displayed on a chart as a horizontal histogram. Volume Profile can help reveal significant price levels where smart money is sitting. Why Volume Profile is...
Volume Ratio is to compare current Volume with previous volume If Bullish candle with VR is > 1, it is indicating that Buying interest has increased. If Bullish candle with VR is < 1, it is indicating that Buying momentum is weak. If Bearish candle with VR is > 1, it is indicating that Selling Pressure has increased. If Bearish candle with VR is < 1, it is...
epulleman RSI long and short probability of uptrend when red cross-up blue (with small yellow dot)