Volume Delta Methods (Chart) [LuxAlgo]The Volume Delta Methods (Chart) aims at highlighting the relationship between Buying or Selling Pressure and Price by presenting Volume Delta , and multiple derivatives of volume delta such as Cumulative Volume Delta (CVD) , Buy/Sell Volume , Total Volume , etc on top of the Main Price Chart .
The script uses two different intrabar (chart bars at a lower timeframe than the chart's) analyses to achieve the most approximate calculation of the volume delta and offers fully customizable visualization features using various types of charts such as line, area, baseline, candles, and histograms.
The script allows traders to see "within" the price bar, provides more transparency over a traditional volume histogram, and also allows users to monitor price and volume activity together.
🔶 USAGE
Volume delta is the difference between the buying volume and the selling volume, in other words, it is the net demand at a given bar allowing traders a more detailed insight when analyzing the market sentiment. A volume delta greater than 0 indicates more buying than selling pressure, whereas a volume delta less than 0 indicates more selling than buying pressure.
Volume delta plus total volume (regular volume) adds additional insight, where the total volume represents all the recorded trades for security that occurs in a given time interval. It is a measurement of the participation, enthusiasm, and interest in a given security.
Divergences occur when the polarity of the volume delta does not match the polarity of the price bar.
The users can enable the display of the numerical values of the volume delta.
Cumulative Volume Delta (CVD) is a way of using Volume Delta to measure an asset’s mid-to-long-term buy and sell pressure. It compares buying and selling volume over time and offers insights into market behavior at specific price points. Cumulative Volume Delta is effectively a continuation of the principles of Volume Delta but involves longer time periods and offers different trading signals.
Like the Volume Delta, the Cumulative Volume Delta (CVD) indicator measures the relationship between buy and sell pressure but does not focus on one specific candle in particular. Rather, the Cumulative Volume Delta takes the relative differences and combines them all over an extended time period.
Users have the ability Cumulative Volume Delta in various types of charts along with an optional smoothing line.
Placed above price bars options.
Interacting with price bar options helps to better identify CVD Divergences.
CVD Divergences
CVD reveals buying and selling trends that may or may not complement the price trend of the asset itself. Sometimes, price trends can run in contrast to trading behavior — sell volume can be dominant while the spot price is rising, and vice versa.
🔶 DETAILS
Theoretically, volume delta is calculated by taking the difference between the volume that traded at the ask price and the volume that traded at the bid price. The most precise calculation method uses tick data but requires huge amounts of data on historical bars, which usually limits the historical depth of charts. This indicator uses two different intrabar analysis methods for the volume delta calculation, where intrabars are chart bars at a lower timeframe than the chart's timeframe:
The logic used to assign intrabar volume to the "up" or "down".
- Buying/Selling pressure of the intrabar option (default)
(close - low) > (high - close) => UP
(close - low) < (high - close) => DOWN
(close - low) = (high - close) => close - previous close is used
- Polarity of the intrabar option
close > open => UP
close < open => DOWN
close = open => close - previous close is used
🔶 SETTINGS
The script takes into account user-defined parameters and performs calculations and presentations based on them, where detailed usage for each user-defined input parameter in indicator settings is provided with the related input's tooltip.
🔹 Calculation Settings
Calculation Method: Calculation method selection, available options 'Intrabar Buying/Selling Pressure' or 'Intrabar Polarity'.
Lower Timeframe Precision: Sets indicator precision, default option is 'Auto'.
🔹 Presentation Settings
Volume Delta: Toggles the visibility of the Volume Delta
Cumulative Volume Delta: Toggles the visibility of the Cumulative Volume Delta
Volume Delta/Price Bar Divergences: Toggles the visibility of the Volume Delta Divergences
Volume Delta Numerical Values: Toggles the visibility of the Volume Delta Numerical Values
🔹 Other Features
Volume MA: Toggles the visibility of the Volume Moving Average
CVD Smoothing: Toggles the visibility of the Cumulative Volume Delta's Smoothing Line
🔹 Volume Delta, Others
Volume Delta: Positive, Negative: Volume Delta color customization options
Volume Histogram: Growing, Falling: Volume Histogram color customization options
Display Length: Length of the visual objects presented with this indicator
Volume Delta Height: Volume delta height customization options
Volume Histogram Height: Volume histogram height customization options
Vertical Offset: Volume delta and histogram vertical positioning customization options
🔹 Cumulative Volume Delta, Others
CVD Line, Width, and Color: Cumulative Volume Delta - Line Width and Color customization options
CVD Area/Baseline, Gradient Coloring: Cumulative Volume Delta - Area and Baseline background gradient coloring customization options
CVD Candles Color, Positive, and Negative: Cumulative Volume Delta - Candles coloring customization options
CVD/Smoothing Background: Highlights and adjusts the transparency of the area between the Cumulative Volume Delta Line and it's Smoothing Line
🔶 RELATED SCRIPTS
Liquidity-Sentiment-Profile
EquiVolume
Volume-Footprint
Volume
RVol LabelThis Code is update version of Code Provided by @ssbukam, Here is Link to his original Code and review the Description
Below is Original Description
1. When chart resolution is Daily or Intraday (D, 4H, 1H, 5min, etc), Relative Volume shows value based on DAILY. RVol is measured on daily basis to compare past N number of days.
2. When resolution is changed to Weekly or Monthly, then Relative Volume shows corresponding value. i.e. Weekly shows weekly relative volume of this week compared to past 'N' weeks. Likewise for Monthly. You would see change in label name. Like, Weekly chart shows W_RVol (Weekly Relative Volume). Likewise, Daily & Intraday shows D_RVol. Monthly shows M_RVol (Monthly Relative Volume).
3. Added a plot (by default hidden) for this specific reason: When you move the cursor to focus specific candle, then Indicator Value displays relative volume of that specific candle. This applies to Intraday as well. So if you're in 1HR chart and move the cursor to a specific candle, Indicator Value shows relative volume for that specific candlestick bar.
4. Updating the script so that text size and location can be customized.
Changes to Updated Label by me
1. Added Today's Volume to the Label
2. Added Total Average Volume to the Label
3. Comparison vs Both in Single Line and showing how much volume has traded vs the average volume for that time of the day
4. Aesthetic Look of the Label
How to Use Relative Volume for Trading
Using Relative Volume (RVol) in trading can be a valuable tool to help you identify potential trading opportunities and gain insight into market behavior. Here are some ways to use RVol in your trading strategy:
Identifying High-Volume Breakouts: RVol can help you spot potential breakouts when the volume surges significantly above its average. High RVol during a breakout suggests strong market interest, increasing the probability of a sustained move in the direction of the breakout.
Confirming Trends and Reversals: RVol can act as a confirmation tool for trends and reversals. A trend accompanied by rising RVol indicates a strong and sustainable move. Conversely, a trend with declining RVol might suggest a weakening trend or potential reversal.
Spotting Volume Divergence: When the price is moving in one direction, but RVol is declining or not confirming the move, it may indicate a divergence. This discrepancy could suggest a potential reversal or trend change.
Support and Resistance Confirmation: High RVol near key support or resistance levels can indicate potential price reactions at those levels. This confirmation can be valuable in determining whether a level is likely to hold or break.
Filtering Trade Signals: Incorporate RVol into your existing trading strategy as a filter. For example, you might consider taking trades only if RVol is above a certain threshold, ensuring that you focus on high-impact trading opportunities.
Avoiding Low-Volume Traps: Low RVol can indicate a lack of interest or participation in the market. In such situations, price movements may be erratic and less reliable, so it's often wise to avoid trading during low RVol periods.
Monitoring News Events: Around significant news events or earnings releases, RVol can help you gauge the market's reaction to the information. High RVol during such events can present trading opportunities but be cautious of increased volatility and potential gaps.
Adjusting Trade Size: During periods of extremely high RVol, it might be prudent to adjust your position size to account for higher risk.
Using Relative Volume in Morning Session
If the Volume traded in first 15 minute to 30 Minutes is already at 50% or 100% depending upon the ticker, it means that it is going to have very high Volume vs average by end of the day.
This gives me conviction for Long or Short Trades
Remember that RVol is not a standalone indicator; it works best when used in conjunction with other technical and fundamental analysis tools. Additionally, RVol's effectiveness may vary across different markets and trading strategies. Therefore, backtesting and validating the use of RVol in your trading approach is essential.
Lastly, risk management is crucial in trading. While RVol can provide valuable insights, it cannot guarantee profitable trades. Always use appropriate risk management strategies, such as setting stop-loss levels, and avoid overexposing yourself to the market based solely on RVol readings.
Equity Sessions [vnhilton]Note: Numbers in the chart above, particularly volume, are incorrect as I didn't have extra market data at the time of publication. Default settings are set for US markets.
(OVERVIEW)
This indicator was made specifically for equity markets which have pre-market and after-hours trading, though can be used for any other markets without these sessions, there are many other session indicators better suited for those markets. What makes this indicator different to the hundreds of session indicators out there will be highlighted in bold in the Features section below.
(FEATURES)
- After-Hours session can start earlier if the day ends short and starts after-hours trading earlier due to holidays for example
- Sessions constrained to regular trading hours can also adjust for short days as well
- Show volume for each session and also as a percentage/multiplier of day volume, average day volume with customisable period
- Show range for each session and also as a percentage/multiplier of the daily ATR with customisable period
- Lookback period for the boxes
- Customisable text size, placement, colour, name
- Customisable session lengths and constraints (regular trading hours or all including extending trading hours)
- Customisable border widths, styles and colours, and session background colour
- Toggles to show/hide sessions, volume, day volume, average day volume, session range and day ATR
Volume [Entoryx]
Certainly! Here's a more concise description for the "Entoryx Volume" indicator, with less focus on the specifics of the order block bar detection:
The "Entoryx Volume" is a versatile technical indicator that analyzes the relationship between price ranges and volume over a user-defined number of bars. By calculating a delta between the highest high and lowest low, it offers insights into market momentum and direction.
Key features of this indicator include:
1) Current Value Plotting: A dynamic line plotted on the chart represents the current value, which reflects market trends. The color of the line changes to green for bullish conditions and red for bearish conditions, depending on its relationship with the Exponential Moving Average (EMA) of the close.
2) Color-Coded Regions: The area between the current value plot and a baseline zero line is filled with a corresponding color, providing a visual representation of market sentiment.
3) Boundary Lines: Horizontal lines at +10 and -10 serve as reference points to highlight significant market movements.
4) Order Block Bar Detection (Optional): An optional feature that places visual markers on the chart to signal potential reversals. This can be enabled or disabled by the user, according to preference.
The "Entoryx Volume" indicator is tailored for traders aiming to understand market momentum with a clear and visually intuitive display. It is suitable across various trading strategies and market conditions, with customization options to fit individual needs.
The source code for this indicator is subject to the terms of the Mozilla Public License 2.0.
Price by Volume ColumnsThis indicator allows you to identify how price changes for a given time period are sensitive to the volume. You will identify these changes as bars in the bottom of the chart. You may see the changes in bars for better understanding of price movements, identify trends. Please take trades at your own risk and discretion
Upside Downside Unchanged VolumeUpside Downside Unchanged Volume
Plot NYSE or NASDAQ Upside Volume, Downside Volume, or Unchanged Volume (e.g. UPVOL.NY, UVOL, or ADVN.NY) as a percent (values 0 to 1, where 1 = 100%) of Total Volume.
Plot Day, Week, and Month volume and/or chart timeframe period volume.
Plot volume as a histogram, line, or area.
Plot various moving averages of volume points.
Horizontal lines at 0, 10, 30, 50, 70, 90, and 100% levels.
Inspired by Paul Desmond of Lowry’s Reports.
Gradient Money Flow Divergence DetectorThe "Gradient Money Flow Divergence Detector" indicator has several use cases for traders. Let's explore the main use cases:
1. Money Flow Analysis : The primary purpose of this indicator is to analyze money flow in a particular asset. The Money Flow Index (MFI) is a momentum indicator that uses price and volume data to assess the buying and selling pressure in a market. Traders can use the MFI to identify overbought and oversold conditions, potential trend reversals, and divergences between the MFI and price movement.
2. Divergence Detection : The indicator incorporates a divergence detection mechanism for multiple timeframes (micro, sub-mid, mid, and macro). Divergence occurs when the price movement and an indicator (MFI in this case) move in opposite directions, signaling a potential shift in the price trend. Traders can use divergences to anticipate trend reversals or trend continuation.
3. Multiple Lookback Analysis : The indicator allows traders to assess divergences and money flow trends across various time horizons by providing divergence detection for different lengths. This can help traders identify confluence areas where divergences align on multiple timeframes, strengthening the potential signal.
4. Overbought and Oversold Conditions : The indicator plots horizontal lines at MFI levels of 20, 50, and 80. These levels can be used to identify overbought (MFI above 80) and oversold (MFI below 20) conditions. Traders may look for potential reversal signals when the MFI reaches extreme levels.
5. Confirmation of Price Trends : The indicator's color gradient visually represents the MFI value, which can help traders confirm the strength of a prevailing price trend. For example, an uptrend with a consistently high MFI might suggest strong buying pressure, reinforcing the bullish bias.
6. Fine-Tuning Divergence Signals : Traders can adjust the parameters of divergence detection (e.g., pivot points, rangeUpper, rangeLower) to fine-tune the sensitivity of the divergence signals. This allows for greater customization based on individual trading preferences.
7. Combining with Other Indicators : The indicator can be used in combination with other technical indicators or price action analysis to strengthen trading decisions. For example, traders may look for divergences in conjunction with support and resistance levels or chart patterns to increase the probability of successful trades.
8. Trend Reversal Confirmation : When a divergence is detected, it may indicate a potential trend reversal. Traders can use other confirmation signals (e.g., candlestick patterns, trendline breaks) to validate the reversal before making trading decisions.
Remember that no single indicator should be used in isolation, and it's essential to use the indicator in combination with other confirmations such as support and resistance, and analysis methods for more robust trading strategies. Additionally, thorough backtesting and practice in a demo environment are recommended before using the indicator in live trading.
Volume Bollinger BandsThis code draws a custom indicator named "Volume Bollinger Bands" on the price chart with the following visual elements:
1. **Basis Line (Blue)**: This line represents the moving average value (ma_value) of the volume data calculated based on the user-selected moving average type (SMA, EMA, or WMA) and length.
2. **Upper Bands (Green)**: The upper bands are calculated by adding a certain multiple of the standard deviation (dev1 to dev11) to the basis line. These bands represent a certain level of volume volatility above the moving average.
3. **Lower Bands (Red)**: The lower bands are calculated by subtracting a certain multiple of the standard deviation (dev1 to dev11) from the basis line. These bands represent a certain level of volume volatility below the moving average.
4. **Volume Line (Yellow)**: This line represents the volume data for the selected timeframe, plotted over the price chart.
The user can customize the following parameters:
- Average Length: The length of the moving average.
- Moving Average Type: The type of moving average to be used (SMA, EMA, or WMA).
- Timeframe: The timeframe used to calculate the volume data.
- Deviation 1 to Deviation 11: Multipliers for calculating the upper and lower bands.
The purpose of this indicator is to visually represent the relationship between volume volatility, moving average, and price movements. Traders can use it to analyze changes in volume trends and potential price breakouts or reversals when the volume moves beyond certain levels of standard deviations from the moving average.
P/VF BollThis code draws a custom indicator named "P/VF Boll" on the price chart with the following visual elements:
1. **Basis Line (Blue)**: This line represents the moving average value (ma_value) calculated based on the user-selected moving average type (SMA, EMA, or WMA) and length.
2. **Upper Bands (Green)**: The upper bands are calculated by adding a certain multiple of the standard deviation (dev1 to dev12) to the basis line. These bands represent a certain level of price volatility above the moving average.
3. **Lower Bands (Red)**: The lower bands are calculated by subtracting a certain multiple of the standard deviation (dev1 to dev12) from the basis line. These bands represent a certain level of price volatility below the moving average.
4. **Histogram (White and Gray)**: A histogram is drawn only when the average_price_change values are outside the 3rd standard deviation (dev3) and beyond. The histogram color alternates between white and gray, indicating higher price volatility.
The user can customize the following parameters:
- Average Length: The length of the moving average.
- Moving Average Type: The type of moving average to be used (SMA, EMA, or WMA).
- Timeframe: The timeframe used to calculate volume data.
- Deviation 1 to Deviation 12: Multipliers for calculating the upper and lower bands.
The purpose of this indicator is to visually represent the relationship between price volatility, volume, and the moving average, allowing traders to assess potential price breakouts or reversals when the price moves beyond certain levels of standard deviations from the moving average.
RSI-Volume Oscillator Quick Scalping By Akhilesh PatelTitle: RSI-Volume Oscillator Quick Scalping Indicator
Description:
The "RSI-Volume Oscillator Quick Scalping" is a powerful and versatile custom indicator designed for traders who engage in scalping strategies. This indicator combines the Relative Strength Index (RSI) with a Volume Oscillator to provide valuable insights into momentum and volume dynamics in the market. Traders can also select their preferred moving average types (SMA, EMA, or HMA) to further customize the indicator's behavior.
Key Features:
RSI and Volume Oscillator Fusion: The indicator blends the RSI and a custom Volume Oscillator to offer a comprehensive view of both price momentum and volume trends. This integration provides valuable signals for quick scalping opportunities.
Customizable Moving Averages: Traders can choose from three popular moving average types (SMA, EMA, or HMA) for further customization. This flexibility allows users to align the indicator with their preferred trading strategies.
Clear Visualization: The Combined RSI-Volume Oscillator is plotted as a solid blue line, while the three selected moving averages are represented by orange, purple, and green lines, respectively. The zero line, overbought, and oversold levels for RSI are also indicated for easy reference.
Quick Scalping Signals: The indicator helps traders spot potential buy and sell signals efficiently, making it ideal for quick scalping strategies in rapidly moving markets.
Usage Instructions:
Customize the indicator by selecting your preferred RSI length, Volume Oscillator length, and moving average type (SMA, EMA, or HMA).
Observe the Combined RSI-Volume Oscillator and moving averages for potential entry and exit points.
Look for crossovers between the Combined RSI-Volume Oscillator and the selected moving averages for buy and sell signals.
The overbought (70) and oversold (30) levels for RSI can be used to identify potential reversal points.
Important Note:
Test the indicator on historical data and demo accounts before using it in live trading to ensure it aligns with your trading strategy.
Understand that no indicator guarantees profits, and trading involves risk. Always use proper risk management and discipline when executing trades.
Overall, the "RSI-Volume Oscillator Quick Scalping" indicator is a valuable addition to any scalper's toolkit, providing comprehensive insights into momentum and volume dynamics to enhance trading decisions. Happy scalping!
Historic Volume/Market ProfilesHistoric Volume/Market Profile is a Periodic Volume Profile with all of the improvements known in the original Volume/Market Profile.
VMP is a 2 in 1 Volume and Market Profile Indicator.
HVMP uses the base of VMP to offer a quick and simple view at multiple historic profiles at the same time.
This includes:
Cluster Identification for High Volume and Low Volume Areas.
Maximizing granularity by utilizing boxes and lines to get up to 1000 rows.
New Inclusions in HVMP vs VMP:
HVMP granularity is determined by the # of profiles on display. By doing this, each profile will get an even amount of allocated rows to use and granularity is scaled per-profile, to fit within the row allowance.
For Example: 1000/(# of profiles) = Maximum # of rows per profile.
HVMP introduces the "Auto-Scale" Option (on by Default), this automatically fits each profile within the defined timeframe period to provide a consistent display when switching timeframes.
Even with "Auto-Scale" enabled, "Display Size" dictates which direction the profile is displayed.
Below is a Negative Display Size (Displays from right to left, starting at the end of the period)
Below is a Positive Display Size (Displays from left to right, starting at the beginning of the period)
HVMP is only for historical data, you can get a live profile with the same Node Identification using VMP (Volume Market/Profile). The indicator that this one is based on.
Find it Here: Volume/Market Profile
Enjoy!
Volume ValueWhen VelocityTitle: Volume ValueWhen Velocity Trading Strategy
▶ Introduction:
The " Volume ValueWhen Velocity " trading strategy is designed to generate long position signals based on various technical conditions, including volume thresholds, RSI (Relative Strength Index), and price action relative to the Simple Moving Average (SMA). The strategy aims to identify potential buy opportunities when specific criteria are met, helping traders capitalize on potential bullish movements.
▶ How to use and conditions
★ Important : Only on Spot Binance BINANCE:BTCUSDT
Name: Volume ValueWhen Velocity
Operating mode: Long on Spot BINANCE BINANCE:BTCUSDT
Timeframe: Only one hour
Market: Crypto
currency: Bitcoin only
Signal type: Medium or short term
Entry: All sections in the Technical Indicators and Conditions section must be saved to enter (This is explained below)
Exit: Based on loss limit and profit limit It is removed in the settings section
Backtesting:
⁃ Exchange: BINANCE BINANCE:BTCUSDT
⁃ Pair: BTCUSDT
⁃ Timeframe:1h
⁃ Fee: 0.1%
- Initial Capital: 1,000 USDT
- Position sizing: 500 usdt
-Trading Range: 2022-07-01 11:30 ___ 2023-07-21 14:30
▶ Strategy Settings and Parameters:
1. `strategy(title='Volume ValueWhen Velocity', ...`: Sets the strategy title, initial capital, default quantity type, default quantity value, commission value, and trading currency.
↬ Stop-Loss and Take-Profit Settings:
1. long_stoploss_value and long_stoploss_percentage : Define the stop-loss percentage for long positions.
2. long_takeprofit_value and long_takeprofit_percentage : Define the take-profit percentage for long positions.
↬ ValueWhen Occurrence Parameters:
1. occurrence_ValueWhen_1 and occurrence_ValueWhen_2 : Control the occurrences of value events.
2. `distance_value`: Specifies the minimum distance between occurrences of ValueWhen 1 and ValueWhen 2.
↬ RSI Settings:
1. rsi_over_sold and rsi_length : Define the oversold level and RSI length for RSI calculations.
↬ Volume Thresholds:
1. volume_threshold1 , volume_threshold2 , and volume_threshold3 : Set the volume thresholds for multiple volume conditions.
↬ ATR (Average True Range) Settings:
1. atr_small and atr_big : Specify the periods used to calculate the Average True Range.
▶ Date Range for Back-Testing:
1. start_date, end_date, start_month, end_month, start_year, and end_year : Define the date range for back-testing the strategy.
▶ Technical Indicators and Conditions:
1. rsi: Calculates the Relative Strength Index (RSI) based on the defined RSI length and the closing prices.
2. was_over_sold: Checks if the RSI was oversold in the last 10 bars.
3. getVolume and getVolume2 : Custom functions to retrieve volume data for specific bars.
4. firstCandleColor : Evaluates the color of the first candle based on different timeframes.
5. sma : Calculates the Simple Moving Average (SMA) of the closing price over 13 periods.
6. numCandles : Counts the number of candles since the close price crossed above the SMA.
7. atr1 : Checks if the ATR_small is less than ATR_big for the specified security and timeframe.
8. prevClose, prevCloseBarsAgo, and prevCloseChange : ValueWhen functions to calculate the change in the close price between specific occurrences.
9. atrval: A condition based on the ATR_value3.
▶ Buy Signal Condition:
Condition: A combination of multiple volume conditions.
buy_signal: The final buy signal condition that considers various technical conditions and their interactions.
▶ Long Strategy Execution:
1. The strategy will enter a long position (buy) when the buy_signal condition is met and within the specified date range.
2. A stop-loss and take-profit will be set for the long position to manage risk and potential profits.
▶ Conclusion:
The " Volume ValueWhen Velocity " trading strategy is designed to identify long position opportunities based on a combination of volume conditions, RSI, and price action. The strategy aims to capitalize on potential bullish movements and utilizes a stop-loss and take-profit mechanism to manage risk and optimize potential returns. Traders can use this strategy as a starting point for their own trading systems or further customize it to suit their preferences and risk appetite. It is crucial to thoroughly back-test and validate any trading strategy before deploying it in live markets.
↯ Disclaimer:
Risk Management is crucial, so adjust stop loss to your comfort level. A tight stop loss can help minimise potential losses. Use at your own risk.
How you or we can improve? Source code is open so share your ideas!
Leave a comment and smash the boost button!
BTFD strategy [3min]Hello
I would like to introduce a very simple strategy to buy lows and sell with minimal profit
This strategy works very well in the markets when there is no clear trend and in other words, the trend going sideways
this strategy works very well for stable financial markets like spx500, nasdaq100 and dow jones 30
two indicators were used to determine the best time to enter the market:
volume + rsi values
volume is usually the number of stocks or contracts traded over a certain period of time. Thus, it is an important indicator of market activity and liquidity. Each transaction constitutes an individual exchange between the buyer and the seller and constitutes the trading volume of a given instrument or asset.
The RSI measures the strength of uptrends versus downtrends. The signal is the entry or exit of the indicator value of the oversold or overbought level of the market. It is assumed that a value below or equal 30 indicates an oversold level of the market, and an RSI value above or equal 70 indicates an overbought level.
the strategy uses a maximum of 5 market entries after each candle that meets the condition
uses 5 target point levels to close the position:
tp1= 0.4%
tp2= 0.6%
tp3= 0.8%
tp4= 1.0%
tp5= 1.2%
after reaching a given profit value, a piece of the position is cut off gradually, where tp5 closes 100% of the remaining position
each time you enter a position, a stop loss of 5.0% is set, which is quite a high value, however, when buying each, sometimes very active downward price movement, you need a lot of space for market decisions in which direction it wants to go
to determine the level of stop loss and target point I used a piece of code by RafaelZioni , here is the script from which a piece of code was taken
this strategy is used for automation, however, I would recommend brokers that have the lowest commission values when opening and closing positions, because the strategy generates very high commission costs
Enjoy and trade safe ;)
High Volume Engulfing Candle near EMAsThe indicator is designed to identify and signal instances of high volume and engulfing candles near three Exponential Moving Averages (EMAs): the 21EMA, 50EMA, and 200EMA. It can be used in various financial markets such as stocks, forex, commodities, or cryptocurrencies, as long as the market data is available on the TradingView platform.
Here's a breakdown of how the indicator works and its features:
High Volume Detection: The indicator considers a candle to have high volume if its volume is greater than or equal to a specified threshold. The default threshold is set to 1.5 times the 20-period Simple Moving Average (SMA) of the volume. You can adjust the volume_threshold parameter to customize the threshold according to your preferences.
Engulfing Candle Detection: An engulfing candle is identified when the current candle's range engulfs the range of the previous candle. The indicator checks if the current candle is either bullish engulfing (open > close and close > open ) or bearish engulfing (open < close and close < open ). This helps identify significant shifts in market sentiment.
Proximity to EMAs: The indicator checks if the low of the candle is below and the high is above each of the three EMAs (21EMA, 50EMA, and 200EMA). This indicates that the price action is near or interacting with these key moving averages.
When all the following conditions are met, the indicator plots shapes below the candlesticks on the chart to generate signals:
The candle has high volume (volume_threshold).
The candle is an engulfing candle.
The candle's range engulfs the 21EMA, 50EMA, or 200EMA.
The shapes are plotted with different colors and labels to indicate which EMA condition is met. Green shapes represent the 21EMA condition, blue shapes represent the 50EMA condition, and red shapes represent the 200EMA condition.
By using this indicator, traders can potentially identify significant market movements, areas of price interaction with key EMAs, and instances of high volume that may signify strong buying or selling pressure.
MW Volume ImpulseMW Volume Impulse
Settings
* Moving Average Period: The moving average period used to generate the moving average line for the bar chart. Default=14
* Dot Size: The size of the dot that indicates when the moving average of the CVD is breached. Default=10
* Dot Transparency: The transparency of the dot that indicates when the moving average of the CVD is breached. Default=50
* EMA: The exponential moving average that the price must break through, in addition to the CVD moving
* Accumulation Length: Period used to generate the Cumulative Volume Delta (CVD) for the bar chart. Default=14
Introduction
Velocity = Change in Position over time
Acceleration = Change in Velocity over time
For this indicator, Position is synonymous with the Cumulative Volume Delta (CVD) value. What the indicator attempts to do is to determine when the rate of acceleration of buying or selling volume is changing in either or buying or selling direction in a meaningful way.
Calculations
The CVD, upon which these changes is calculated using candle bodies and wicks. For a red candle, buying volume is calculated by multiplying the volume by the spread percentage of the average of the top and bottom wicks, while Selling Volume is calculated multiplying the volume by the spread percentage of the average of the top and bottom wicks - in addition to the spread percentage of the candle body.
For a green candle, buying volume is calculated by multiplying the volume by the spread percentage of the average of the top and bottom wicks - plus the spread percentage of the candle body - while Selling Volume is calculated using only the spread percentage average of the top and bottom wicks.
How to Interpret
The difference between the buying volume and selling volume is the source of what generates the red and green bars on the indicator. But, more specifically, this indicator uses an exponential moving average of these volumes (14 EMA by default) to determine that actual bar size. The change in this value indicates the velocity of volume and, ultimately, the red and green bars on the indicator.
- When the bar height is zero, that means that there is no velocity, which indicates either a balance between buyers and sellers, or very little volume.
- When the bar height remains largely unchanged from period to period - and not zero - it means that the velocity of volume is constant in one direction. That direction is indicated by the color of the bar. Buyers are dominating when the bars are green, and sellers are dominating when the bars are red.
- When the bar height increases, regardless of bar color, it means that volume is accelerating in a buying direction.
- When the bar height decreases, regardless of bar color, it means that volume is accelerating in a selling direction.
The white line represents the moving average of the bar values, while the red and white - and green and white - dots show when the moving average has been breached by the Cumulative Volume Delta value AND the price has broken the 7 EMA (which is user editable). As with most moving averages, a breach can indicate a move in a bearish or bullish direction, and the sensitivity can be adjusted for differing market conditions
Other Usage Notes and Limitations
For better use of the signal, consider the following,
1. Volume moving below the moving average can indicate that the volume may be ready to exit an overbought condition, especially if the bars were making lower highs prior to the signal - regardless of bar color.
3. Volume moving above the moving average can indicate that the volume may be ready to exit an oversold condition, especially if the bars were making higher lows prior to the signal - regardless of bar color.
Additionally, a green dot that occurs with a positive (green) Cumulative Volume Delta can indicate a buying condition, while a red dot that occurs with a negative (red) Cumulative Volume Delta can indicate a selling condition. What this means is that buying or selling momentum briefly went against the direction of buying or selling Cumulative Volume Delta , but was not strong enough to change the buying or selling direction. In cases like this, once the volume begins to accelerate again in the direction of the buying or selling volume - indicated by a red or green dot - then the price is more likely to favor the direction of the Cumulative Volume Delta and its corresponding acceleration.
Although a red or green signal can indicate a change in direction, this script cannot predict the magnitude or duration of the change. It is best used with accompanying indicators that can be used to confirm a direction change, such as a moving average, or a supply or demand range.
Devs Cumulative Delta candles with Moving Average and DivergenceDELTA = BUY Volume – SELL Volumes
Delta = Positive => Aggressiveness on the Buy side
Delta = Negative => Aggressiveness on the Sell side
If delta is greater than 0 you have more buying than selling pressure. If delta is less than 0, you have more selling than buying pressure.
When there is more Buying than Selling (Delta=Positive), the price candle is Green and when there is more Selling than Buying (Delta=Negative), the price candle is Red. We use delta to understand the relationship between buying or selling pressure and price.
Let’s imagine a price bar that reached the low for the day but delta was actually positive and the bar closed higher than it opened.
In simple terms we can describe this as:
Price made a new low
The bar closed higher
Delta demonstrated more buying than selling : Volume delta is a key metric to understand when making trading decisions based on volume and order flow. However, on its own it can be too much information to interpret quickly when trading in a volatile market.
What are Delta Bars?
Delta Bars is a candlestick representation of Delta. In other words, it has an Open, High (also called Delta Max), Low (also called Delta Min) and Close point in every candle (1min, 5min, 30min etc.)
The Delta Open in every candle is always 0
The Delta Close is the cumulative BUY less cumulative SELL at the close if the candle
The Delta Max is the maximum value of Delta during the candle session (lowest Delta Max possible = 0)
The Delta Min is the minimum value of Delta during the candle session (highest Delta Min possible = 0) The Delta bars are uncorrelated to the Tick Multiplier of the symbol.
Generally you would expect Price to move UP when Delta is positive and Price to move DOWN when Delta is negative. So what happens when the above rule is not followed. We have Divergence
Divergence:
Any two parameters that should be in sync (Price and Delta in this case) towards supporting a particular move (Up or Down) but are in reality not (in sync) form a Divergence
Cumulative volume delta takes the delta values for every bar and successively adds them together to visually provide as seen in the chart.
While volume delta is great for comparing delta bar to bar, cumulative volume delta is useful when determining buying or selling pressure at different price levels such as swing highs or lows. I just gave you a details regarding delta and delta bars.
What details would you see in the indicator??
When you apply this indicator on the chart, you will find the CD(Cumulative delta) candles, which move up and down the way price moves in a chart. Moreover, in case of a divergence, you will find a change in colour of delta candles. If the price is still green but the delta is negative, you will find a bullish divergence, marked with Yellow colour and if the price is red and you have a positive delta, you will have a bearish divergence, marked with blue coloured delta candle. Usually it has been seen that a repeated divergence generally depicts end of a trend or slow down of a trend.
Moreover, I have placed 2 moving averages in the script which you can customize as per your needs. I prefer 20 and 50 day MA for better accuracy as most reversals happen at 20 and 50 day MA.
This indicator works in almost all index, stocks, currencies excepting few where the volume past is invisible. This indicator purely works taking the buying and selling volume into consideration. Sometimes when you change the timeframe in chart, you may have to manually adjust for the display in chart.
Temporary imbalancesThis indicator is designed to identify imbalances in order flow and market liquidity, It highlights candles with significant imbalances and draws reference lines
The indicator calculates imbalance based on changes in closing prices and volume. It uses the standard deviation to determine the significant imbalance threshold. Candles with bullish imbalances are highlighted in green, while candles with bearish imbalances are highlighted in red.
Furthermore, the indicator includes features of latency arbitrage and liquidity analysis. Latency arbitrage looks for price differences between the anchored VWAP and bid/ask quotes, targeting trading opportunities based on these differences. The liquidity analysis verifies the liquidity imbalance and calculates the VWAP anchored on this value in total using 4 VWAP.
This indicator can be adjusted according to the preferences and characteristics of the specific asset or market. It provides clear visual information and can be used as a complementary tool for technical analysis in trading strategies.
Interesting Segment Length 20,50,80,200
and Interesting lookback period 20,50,80,200
Interesting imbalance threshold 1.5, 2.4, 3.3 ,4.2
Este indicador é projetado para identificar desequilíbrios no fluxo de ordens e na liquidez do mercado, Ele destaca velas com desequilíbrios significativos e traça linhas de referência
O indicador calcula o desequilíbrio com base nas mudanças nos preços de fechamento e no volume. Ele usa o desvio padrão para determinar o limiar de desequilíbrio significativo. As velas com desequilíbrios de alta são destacadas em verde, enquanto as velas com desequilíbrios de baixa são destacadas em vermelho.
Além disso, o indicador inclui recursos de arbitragem de latência e análise de liquidez. A arbitragem de latência procura diferenças de preços entre a VWAP ancorada e as cotações de compra/venda, visando oportunidades de negociação com base nessas diferenças. A análise de liquidez verifica o desequilíbrio de liquidez e calcula a VWAP ancorada nesse valor ao total utiliza 4 VWAP.
Este indicador pode ser ajustado de acordo com as preferências e características do ativo ou mercado específico. Ele fornece informações visuais claras e pode ser usado como uma ferramenta complementar para análise técnica em estratégias de negociação.
Comprimento do Segmento interessante para usa 20,50,80,200
e Período de lookback interessante para usa 20,50,80,200
Limiar de desequilíbrio interessante para usa 1.5 ,2.4, 3.3 ,4.2
Volume Pressure Based Buy and Sell SignalsThis script uses a volume pressure indicator to generate buy and sell signals. The volume pressure indicator is calculated by taking the sum of the product of volume and price change over a specified period of time, and then dividing that sum by the total volume over the same period. This gives a measure of the amount of buying pressure or selling pressure in the market.
The script then compares the volume pressure indicator to a moving average of the volume pressure indicator. When the volume pressure indicator crosses above the moving average, a buy signal is generated. When the volume pressure indicator crosses below the moving average, a sell signal is generated.
This script is beneficial to traders because it can help them to identify potential trend reversals. When the volume pressure indicator crosses above the moving average, it indicates that there is a growing amount of buying pressure in the market. This could be a sign that the trend is about to reverse from a downtrend to an uptrend. Conversely, when the volume pressure indicator crosses below the moving average, it indicates that there is a growing amount of selling pressure in the market. This could be a sign that the trend is about to reverse from an uptrend to a downtrend.
RSI Xray + VolumeRSI Analysis:
The indicator calculates the Relative Strength Index (RSI) using a user-defined length (default: 14).
It colors the bars based on RSI levels to identify potential overbought and oversold conditions.
Bars exceeding the overbought level (default: 70) are colored, while bars below the oversold level (default: 30) are colored too.
This helps traders identify potential trend reversals or market exhaustion points.
Midpoint Analysis:
The indicator calculates the midpoint of each bar, which is the average of the high and low prices.
It colors the bars based on their relation to the midpoint.
Bars above the midpoint are colored, indicating potential bullish momentum.
Bars below the midpoint are colored, suggesting potential bearish momentum.
Volume Analysis:
The indicator offers the ability to analyze volume changes and identify high volume bars.
It colors the bars when the volume exceeds a user-defined threshold.
This feature helps traders identify potential areas of market interest and increased participation.
Moving Average (SMA):
The indicator plots a Simple Moving Average (SMA) line of the closing price over a user-defined period (default: 9).
This moving average line helps traders identify potential trends and spot areas of support or resistance.
RSI Extreme Conditions:
The indicator identifies extreme RSI conditions by comparing the current RSI value with the highest and lowest RSI values calculated from a user-defined number of previous bars (default: 10).
When the RSI exceeds the overbought level but is lower than the highest RSI value within the specified range, the bar color changes to a customizable color (default: blue).
Conversely, when the RSI falls below the oversold level but is higher than the lowest RSI value within the specified range, the bar color changes to the same customizable color.
This feature helps traders identify potential RSI-based trading opportunities and market turning points.
Customization:
The indicator offers customizable settings for colors, RSI levels, SMA length, volume thresholds, RSI extreme levels, and RSI label color.
Traders can modify these settings based on their preferences and trading strategies.
Overall, the 'RSI Xray + Volume' indicator provides a comprehensive view of RSI levels, market momentum, volume changes, and RSI extreme conditions. Traders can use this information to identify potential trade setups, validate market trends, and make more informed trading decisions. It can be applied to various timeframes and instruments, making it a valuable tool for both short-term and long-term traders.
Time Profile [QuantVue]The Time Profile indicator provides traders with a comprehensive view of volume and time-based price activity. The indicator combines two essential components into one indicator: the volume profile and the time profile.
The volume profile represents the distribution of trading volume at different price levels over a specified period and is displayed as a circle on the chart.
It provides a visual representation of where the majority of trading volume occurred and often highlights significant support and resistance levels. The volume profile is calculated as the closing price of the highest volume intraday bar, based on the user selected lower time frame.
On the other hand, the time profile focuses on analyzing the time spent at certain price levels. The indicator divides the current bars range into 10 blocks and counts the number of user selected lower time frame closes within each time block.
The block with the most lower time frame closes in it is deemed the time point of control. Traders can use this information to identify time blocks where price movement was most significant.
The time profile is drawn on the Y axis of the current bar to allow for an easy visualization of where price spent most of its time. Historical time profiles are also noted on previous bars with a dash marking the level.
The Time Profile indicator offers several customization options. Traders can adjust the timeframe for the lower time frame data, decide whether to display the time profile, and customize colors for visual clarity.
Additionally, traders can choose to highlight instances where the Volume POC and Time POC align, indicating a strong concentration of volume and price activity.
Don't hesitate to reach out with any questions or concerns.
We hope you enjoy!
Cheers.
Volume accumulation on past range [TCS] | VTAThe indicator calculates buy and sell volume values for different look-back periods based on the high, low, close, and tick volume data of the chart.
The range can be selected by adding the end date and the look-back period, which starts from the end date. It can calculate a maximum of 100 candlesticks.
The calculated buy and sell volume values are stored in separate variables, representing cumulative volume values over their respective look-back periods. It's important to note that the provided code calculates the buy and sell volume values individually for each look-back period and then sums them.
This information can be useful in understanding who is in control of the market during the selected range. The 'heatmap' is particularly helpful in identifying areas of high or low trading activity, which can help define support and resistance levels.
For example, if there is a greater accumulation of bullish volume than bearish volume and a break occurs in a resistance area, it may present a good entry opportunity.
Please note that this indicator is for educational purposes only and should not be used for trading without further testing and analysis.
Volume+The enhanced Volume+ Indicator is a valuable tool that builds upon the traditional Volume indicator by incorporating a technique known as linear prediction.
In traditional Volume analysis, the volume data for a bar is only known once the bar has closed. However, with the enhanced Volume+ Indicator, we utilize linear prediction to estimate the closing volume of the k-bar before it actually closes. This estimation is based on historical volume observed in the market.
By employing this indicator, traders and investors can gain an early insight into the potential volume of the current bar, even before it concludes. This can be particularly useful for those who wish to make informed decisions based on volume analysis and its impact on price movements.
===========================中文版本===========================
增强的Volume+指标是一个有价值的工具，它通过结合一种称为线性预测的技术建立在传统成交量指标的基础上。
在传统的成交量分析中，只有在柱线收盘后才能知道柱线的成交量数据。然而，通过增强的Volume+指标，我们利用线性预测来估计 k 柱实际收盘前的收盘成交量。该估计基于市场观察到的历史交易量。
通过使用该指标，交易者和投资者可以在k柱结束之前就尽早了解当前柱的潜在交易量。对于那些希望根据交易量分析及其对价格变动的影响做出明智决策的人来说，这尤其有用。
Price & Volume Profile (Expo)█ Overview
The Price & Volume Profile provides a holistic perspective on market dynamics by simultaneously tracking price action and trading volume across a range of price levels. So it is not only a volume-based indicator but also a price-based one. In addition to illustrating volume distribution, it quantifies how frequently the price has fallen within a particular range, thus offering a holistic perspective on market dynamics.
This unique and comprehensive approach to market analysis by considering both price action and trading volume, two crucial dimensions of market activity. Its distinctive methodology offers several advantages:
Holistic Market View: By simultaneously tracking the frequency of specific price ranges (Price Profile) and the volume traded at those ranges (Volume Profile), this indicator provides a more complete picture of market behavior. It shows not only where the market is trading but also how much it's trading, reflecting both price acceptance levels and market participation intensity.
Point of Control (POC): The POC, as highlighted by this indicator, serves as a significant reference point for traders. It identifies the price level with the highest trading activity, thus indicating a strong consensus among market participants about the asset's fair value. Observing how price interacts with the POC can offer valuable insights into market sentiment and potential trend reversals.
Support and Resistance Levels: Price levels with high trading activity often act as support or resistance in future price movements. The indicator visually represents these levels, enabling traders to anticipate potential price reactions.
Price Profile
Price and Volume Profile
█ Calculations
The algorithm analyzes both trade frequency and volume across different price levels. It identifies these levels within the visible chart range, then examines each bar to determine if the selected price falls within these levels. If so, it increases a counter and adds the trading volume. This process repeats across the visible range and is visualized as a horizontal histogram, each bar representing a price level and the bar length reflecting trade frequency and volume. Additionally, it calculates the Point of Control (POC), signifying the price level with the highest activity.
In summary: The histogram presents a dual perspective - not only the traded volume at each price level but also the frequency of the price hitting each range. The longer the bar, the more times the price has frequented that specific range, revealing key insights into price behavior and acceptance levels. These frequently visited areas often emerge as strong support or resistance zones, helping traders navigate market movements.
Please note that the indicator adjusts to the visible price range, making it adaptable to changing market conditions. This dynamic analysis can provide more relevant and timely information than static indicators.
█ How to use
This indicator is beneficial for traders as it offers insights into the distribution of trading activity across different price levels. It helps identify key areas of support and resistance and gives a visual representation of market sentiment and liquidity.
The point of control (POC) , which is the price level with the highest traded volume or frequency count, becomes even more crucial in this context. It marks the price at which the most trading activity occurred, signaling a strong consensus among market participants about the asset's fair value. If the market price deviates significantly from the POC, it could suggest an overbought or oversold condition, potentially leading to a price reversion.
Fair Price Areas/gaps are specific price levels or zones where an asset has spent limited time in the past. These areas are considered interesting or significant because they may have an impact on future price action.
Similar to the concept of fair value gaps, which refers to discrepancies between an asset's market price and its estimated intrinsic value, Fair Price Areas/gaps focus on price levels that have been relatively underutilized in terms of trading activity. When an asset's price reaches a Fair Price Area/gap, traders and investors pay attention because they expect the price to react in some way. The rationale behind this concept is that price tends to gravitate towards areas where it has spent less time in the past, as the market perceives them as significant levels.
█ Settings
The indicator is customizable, allowing users to define the number of price levels (rows), the offset, the data source, and whether to display volume or frequency count. It also adjusts dynamically to the visible price range on the chart, ensuring that the analysis remains relevant and timely with changing market conditions.
Source: The price to use for the calculation. Typically, this is the closing price. By considering the user-selected Source (typically the closing price), the indicator determines the frequency with which the price lands within each designated price level (row) over the selected period. In essence, the indicator provides a count of bars where the Source price falls within each range, essentially creating a "Price Profile."
Row Size: The number of price levels (rows) to divide the visible price range into.
Display: Choose whether to display the number of bars ("Counter") or the total volume ("Volume") for each price level.
Offset: The distance of the histogram from the price chart.
Point of Control (POC): If enabled, the indicator will highlight the price level with the most activity.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
