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Volume Profile Free Pro (25 Levels Value Area VWAP) by RRBVolume Profile Free Pro by RagingRocketBull 2019 Version 1.0 All available Volume Profile Free Pro versions are listed below (They are very similar and I don't want to publish them as separate indicators): ver 1.0: style columns implementation ver 2.0: style histogram implementation ver 3.0: style line implementation This indicator calculates Volume Profile for a given range and shows it as a histogram consisting of 25 horizontal bars. It can also show Point of Control (POC), Developing POC, Value Area/VWAP StdDev High/Low as dynamically moving levels. Free accounts can't access Standard TradingView Volume Profile, hence this indicator. There are 3 basic methods to calculate the Value Area for a session. - original method developed by Steidlmayr (calculated around POC) - classical method using StdDev (calculated around the mean VWAP) - another method based on the mean absolute deviation (calculated around the median) POC is a high volume node and can be used as support/resistance. But when far from the day's average price it may not be as good a trend filter as the other methods. The 80% Rule: When the market opens above/below the Value Area and then returns/stays back inside for 2 consecutive 30min periods it has 80% chance of filling VA (like a gap). There are several versions: Free, Free Pro, Free MAX. This is the Free Pro version. The Differences are listed below: - Free: 30 levels, Buy/Sell/Total Volume Profile views, POC - Free Pro: 25 levels, +Developing POC, Value Area/VWAP High/Low Levels, Above/Below Area Dimming - Free MAX: 50 levels, packed to the limit Features: - Volume Profile with up to 25 levels (3 implementations) - POC, Developing POC Levels - Buy/Sell/Total/Side by Side View modes - Side Cover - Value Area, VAH/VAL dynamic levels - VWAP High/Low dynamic levels with Source, Length, StdDev as params - Show/Hide all levels - Dim Non Value Area Zones - Custom Range with Highlighting - 3 Anchor points for Volume Profile - Flip Levels Horizontally - Adjustable width, offset and spacing of levels - Custom Color for POC/VA/VWAP levels and Transparency for buy/sell levels Usage: - specify max_level/min_level for a range (required in ver 1.0/2.0, auto/optional in ver 3.0 = set to highest/lowest) - select range (start_bar, range length), confirm with range highlighting - select mode Value Area or VWAP to show corresponding levels. - flip/select anchor point to position the buy/sell levels, adjust width and spacing as needed - select Buy/Sell/Total/Side by Side view mode - use POC/Developing POC/VA/VWAP High/Low as S/R levels. Usually daily values from 1-3 days back are used as levels for the current day. - Green - buy volume of a specific price level in a range, Red - sell volume. Green + Red = Total volume of a price level in a range There's no native support for vertical histograms in Pinescript (with price axis as base) Basically, there are 4 ways to plot a series of horizontal bars stacked on top of each other: 1. plotshape style labeldown (ver 0 prototype discarded) - you can have a set of fixed width/height text labels consisting of a series of underscores and moving dynamically as levels. Level offset controls visible length. - you can move levels and scale the base width of the volume profile histogram dynamically - you can calculate the highest/lowest range values automatically. max_level/min_level inputs are optional - you can't fill the gaps between levels/adjust/extend width, height - this results in a half baked volume profile and looks ugly - fixed text level height doesn't adjust and looks bad on a log scale - fixed font width also doesn't scale and can't be properly aligned with bars when zooming 2. plot style columns + hist_base (ver 1.0) - you can plot long horizontal bars using a series of small adjacent vertical columns with level offsets controlling visible length. - you can't hide/move levels of the volume profile histogram dynamically on each bar, they must be plotted at all times regardless - you can't delete the history of a plot. - you can't scale the base width of the volume profile histogram dynamically, can't set show_last from input, must use a preset fixed width for each level - hist_base can only be a static const expression, can't be assigned highest/lowest range values automatically - you have to specify max_level/min_level manually from input - you can't control spacing between columns - there's an equalizer bar effect when you zoom in, and solid bars when you zoom out - using hist_base for levels results in ugly load/redraw times - give it 3-5 sec to finalize its shape after each UI param change - level top can be properly aligned with another level's bottom producing a clean good looking histogram - columns are properly aligned with bars automatically 3. plot style histogram + hist_base (ver 2.0) - you can plot long horizontal bars using a series of small vertical bars (horizontal histogram) instead of columns. - you can control the width of each histogram bar comprising a level (spacing/horiz density). Large enough width will cause bar overlapping and give level a "solid" look regardless of zoom - you can only set width <= 4 in UI Style - custom textbox input is provided for larger values. You can set width and plot transparency from input - this method still uses hist_base and inherits other limitations of ver 2.0 4. plot style lines (ver 3.0) - you can also plot long horizontal bars using lines with level offsets controlling visible length. - lines don't need hist_base - fast and smooth redraw times - you can calculate the highest/lowest range values automatically. max_level/min_level inputs are optional - level top can't be properly aligned with another level's bottom and have a proper spacing because line width uses its own units and doesn't scale - fixed line width of a level (vertical thickness) doesn't scale and looks bad on log (level overlapping) - you can only set width <= 4 in UI Style, a custom textbox input is provided for larger values. You can set width and plot transparency from input Notes: - hist_base for levels results in ugly load/redraw times - give it 3-5 sec to finalize its shape after each UI param change - indicator is slow on TFs with long history 10000+ bars - Volume Profile/Value Area are calculated for a given range and updated on each bar. Each level has a fixed width. Offsets control visible level parts. Side Cover hides the invisible parts. - Custom Color for POC/VA/VWAP levels - UI Style color/transparency can only change shape's color and doesn't affect textcolor, hence this additional option - Custom Widh for levels - UI Style supports only width <= 4, hence this additional option - POC is visible in both modes. In VWAP mode Developing POC becomes VWAP, VA High and Low => VWAP High and Low correspondingly to minimize the number of plot outputs - You can't change buy/sell level colors (only plot transparency) - this requires 2x plot outputs exceeding max 64 limit. That's why 2 additional plots are used to dim the non Value Area zones - Use Side by Side view to compare buy and sell volumes between each other: base width = max(total_buy_vol, total_sell_vol) - All buy/sell volume lengths are calculated as % of a fixed base width = 100 bars (100%). You can't set show_last from input - Sell Offset is calculated relative to Buy Offset to stack/extend sell on top of buy. Buy Offset = Zero - Buy Length. Sell Offset = Buy Offset - Sell Length = Zero - Buy Length - Sell Length - If you see "loop too long error" - change some values in UI and it will recalculate - no need to refresh the chart - There's no such thing as buy/sell volume, there's just volume, but for the purposes of the Volume Profile method, assume: bull candle = buy volume, bear candle = sell volume - Volume Profile Range is limited to 5000 bars for free accounts P.S. Cantaloupia Will be Free! Links on Volume Profile and Value Area calculation and usage: www.tradingview.com stockcharts.com onlinelibrary.wiley.com
Wskaźnik Pine Script®
od RagingRocketBull
33
Volume Profile Free Ultra SLI (100 Levels Value Area VWAP) - RRBVolume Profile Free Ultra SLI by RagingRocketBull 2019 Version 1.0 This indicator calculates Volume Profile for a given range and shows it as a histogram consisting of 100 horizontal bars. This is basically the MAX SLI version with +50 more Pinescript v4 line objects added as levels. It can also show Point of Control (POC), Developing POC, Value Area/VWAP StdDev High/Low as dynamically moving levels. Free accounts can't access Standard TradingView Volume Profile, hence this indicator. There are several versions: Free Pro, Free MAX SLI, Free Ultra SLI, Free History. This is the Free Ultra SLI version. The Differences are listed below: - Free Pro: 25 levels, +Developing POC, Value Area/VWAP High/Low Levels, Above/Below Area Dimming - Free MAX SLI: 50 levels, 2x SLI modes for Buy/Sell or even higher res 150 levels - Free Ultra SLI: 100 levels, packed to the limit, 2x SLI modes for Buy/Sell or even higher res 300 levels - Free History: auto highest/lowest, historic poc/va levels for each session Features: - High-Res Volume Profile with up to 100 levels (line implementation) - 2x SLI modes for even higher res: 300 levels with 3x vertical SLI, 100 buy/sell levels with 2x horiz SLI - Calculate Volume Profile on full history - POC, Developing POC Levels - Buy/Sell/Total volume modes - Side Cover - Value Area, VAH/VAL dynamic levels - VWAP High/Low dynamic levels with Source, Length, StdDev as params - Show/Hide all levels - Dim Non Value Area Zones - Custom Range with Highlighting - 3 Anchor points for Volume Profile - Flip Levels Horizontally - Adjustable width, offset and spacing of levels - Custom Color for POC/VA/VWAP levels, Transparency for buy/sell levels WARNING: - Compilation Time: 1 min 20 sec Usage: - specify max_level/min_level/spacing (required) - select range (start_bar, range length), confirm with range highlighting - select volume type: Buy/Sell/Total - select mode Value Area/VWAP to show corresponding levels - flip/select anchor point to position the buy/sell levels - use Horiz Buy/Sell SLI mode with 100 or Vertical SLI with 300 levels if needed - use POC/Developing POC/VA/VWAP High/Low as S/R levels. Usually daily values from 1-3 days back are used as levels for the current day. SLI: use SLI modes to extend the functionality of the indicator: - Horiz Buy/Sell 2x SLI lets you view 100 Buy/Sell Levels at the same time - Vertical Max_Vol 3x SLI lets you increase the resolution to 300 levels - you need at least 2 instances of the indicator attached to the same chart for SLI to work 1) Enable Horiz SLI: - attach 2 indicator instances to the chart - make sure all instances have the same min_level/max_level/range/spacing settings - select volume type for each instance: you can have a buy/sell or buy/total or sell/total SLI. Make sure your buy volume instance is the last attached to be displayed on top of sell/total instances without overlapping. - set buy_sell_sli_mode to true for indicator instances with volume_type = buy/sell, for type total this is optional. - this basically tells the script to calculate % lengths based on total volume instead of individual buy/sell volumes and use ext offset for sell levels - Sell Offset is calculated relative to Buy Offset to stack/extend sell after buy. Buy Offset = Zero - Buy Length. Sell Offset = Buy Offset - Sell Length = Zero - Buy Length - Sell Length - there are no master/slave instances in this mode, all indicators are equal, poc/va levels are not affected and can work independently, i.e. one instance can show va levels, another - vwap. 2) Enable Vertical SLI: - attach the first instance and evaluate the full range to roughly determine where is the highest max_vol/poc level i.e. 0..20000, poc is in the bottom half (third, middle etc) or - add more instances and split the full vertical range between them, i.e. set min_level/max_level of each corresponding instance to 0..10000, 10000..20000 etc - make sure all instances have the same range/spacing settings - an instance with a subrange containing the poc level of the full range is now your master instance (bottom half). All other instances are slaves, their levels will be calculated based on the max_vol/poc of the master instance instead of local values - set show_max_vol_sli to true for the master instance. for slave instances this is optional and can be used to check if master/slave max_vol values match and slave can read the master's value. This simply plots the max_vol value - you can also attach all instances and set show_max_vol_sli to true in all of them - the instance with the largest max_vol should become the master Auto/Manual Ext Max_Vol Modes: - for auto vertical max_vol SLI mode set max_vol_sli_src in all slave instances to the max_vol of the master indicator: "VolumeProfileFree_MAX_RRB: Max Volume for Vertical SLI Mode". It can be tricky with 2+ instances - in case auto SLI mode doesn't work - assign max_vol_sli_ext in all slave instances the max_vol value of the master indicator manually and repeat on each change - manual override max_vol_sli_ext has higher priority than auto max_vol_sli_src when both values are assigned, when they are 0 and close respectively - SLI is disabled - master/slave max_vol values must match on each bar at all times to maintain proper level scale, otherwise slave's levels will look larger than they should relative to the master's levels. - Max_vol (red) is the last param in the long list of indicator outputs - the only true max_vol/poc in this SLI mode is the master's max_vol/poc. All poc/va levels in slaves will be irrelevant and are disabled automatically. Slaves can only show VWAP levels. - VA Levels of the master instance in this SLI mode are calculated based on the subrange, not the whole range and may be inaccurate. Cross check with the full range. WARNING! - auto mode max_vol_sli_src is experimental and may not work as expected - you can only assign auto mode max_vol_sli_src = max_vol once due to some bug with unhandled exception/buffer overflow in Tradingview. Seems that you can clear the value only by removing the indicator instance - sometimes you may see a "study in error state" error when attempting to set it back to close. Remove indicator/Reload chart and start from scratch - volume profile may not finish to redraw and freeze in an ugly shape after an UI parameter change when max_vol_sli_src is assigned a max_vol value. Assign it to close - VP should redraw properly, but it may not clear the assigned max_vol value - you can't seem to be able to assign a proper auto max_vol value to the 3rd slave instance - 2x Vertical SLI works and tested in both auto/manual, 3x SLI - only manual seems to work (you can have a mixed mode: 2nd instance - auto, 3rd - manual) Notes: - This code uses Pinescript v3 compatibility framework - This code is 20x-30x faster (main for cycle is removed) especially on lower tfs with long history - only 4-5 sec load/redraw time vs 30-60 sec of the old Pro versions - Instead of repeatedly calculating the total sum of volumes for the whole range on each bar, vol sums are now increased on each bar and passed to the next in the range making it a per range vs per bar calculation that reduces time dramatically - 100 levels consist of 50 main plot levels and 50 line objects used as alternate levels, differences are: - line objects are always shown on top of other objects, such as plot levels, zero line and side cover, it's not possible to cover/move them below. - all line objects have variable lengths, use actual x,y coords and don't need side cover, while all plot levels have a fixed length of 100 bars, use offset and require cover. - all key properties of line objects, such as x,y coords, color can be modified, objects can be moved/deleted, while this is not possible for static plot levels. - large width values cause line objects to expand only up/down from center while their length remains the same and stays within the level's start/end points similar to an area style. - large width values make plot levels expand in all directions (both h/v), beyond level start/end points, sometimes overlapping zero line, making them an inaccurate % length representation, as opposed to line objects/plot levels with area style. - large width values translate into different widths on screen for line objects and plot levels. - you can't compensate for this unwanted horiz width expansion of plot levels because width uses its own units, that don't translate into bars/pixels. - line objects are visible only when num_levels > 50, plot levels are used otherwise - Since line objects are lines, plot levels also use style line because other style implementations will break the symmetry/spacing between levels. - if you don't see a volume profile check range settings: min_level/max_level and spacing, set spacing to 0 (or adjust accordingly based on the symbol's precision, i.e. 0.00001) - you can view either of Buy/Sell/Total volumes, but you can't display Buy/Sell levels at the same time using a single instance (this would 2x reduce the number of levels). Use 2 indicator instances in horiz buy/sell sli mode for that. - Volume Profile/Value Area are calculated for a given range and updated on each bar. Each level has a fixed length. Offsets control visible level parts. Side Cover hides the invisible parts. - Custom Color for POC/VA/VWAP levels - UI Style color/transparency can only change shape's color and doesn't affect textcolor, hence this additional option - Custom Width - UI Style supports only width <= 4, hence this additional option - POC is visible in both modes. In VWAP mode Developing POC becomes VWAP, VA High and Low => VWAP High and Low correspondingly to minimize the number of plot outputs - You can't change buy/sell level colors from input (only transparency) - this requires 2x plot outputs => 2x reduces the number of levels to fit the max 64 limit. That's why 2 additional plots are used to dim the non Value Area zones - You can change level transparency of line objects. Due to Pinescript limitations, only discrete values are supported. - Inverse transp correlation creates the necessary illusion of "covered" line objects, although they are shown on top of the cover all the time - If custom lines_transp is set the illusion will break because transp range can't be skewed easily (i.e. transp 0..100 is always mapped to 100..0 and can't be mapped to 50..0) - transparency can applied to lines dynamically but nva top zone can't be completely removed because plot/mixed type of levels are still used when num_levels < 50 and require cover - transparency can't be applied to plot levels dynamically from script this can be done only once from UI, and you can't change plot color for the past length bars - All buy/sell volume lengths are calculated as % of a fixed base width = 100 bars (100%). You can't set show_last from input to change it - Range selection/Anchoring is not accurate on charts with time gaps since you can only anchor from a point in the future and measure distance in time periods, not actual bars, and there's no way of knowing the number of future gaps in advance. - Adjust Width for Log Scale mode now also works on high precision charts with small prices (i.e. 0.00001) - in Adjust Width for Log Scale mode Level1 width extremes can be capped using max deviation (when level1 = 0, shift = 0 width becomes infinite) - There's no such thing as buy/sell volume, there's just volume, but for the purposes of the Volume Profile method, assume: bull candle = buy volume, bear candle = sell volume P.S. I am your grandfather, Luke! Now, join the Dark Side in your father's steps or be destroyed! Once more the Sith will rule the Galaxy, and we shall have peace...
Wskaźnik Pine Script®
od RagingRocketBull
112
Volume Profile Free MAX SLI (50 Levels Value Area VWAP) by RRBVolume Profile Free MAX SLI by RagingRocketBull 2019 Version 1.0 All available Volume Profile Free MAX SLI versions are listed below (They are very similar and I don't want to publish them as separate indicators): ver 1.0: style columns implementation ver 2.0: style histogram implementation ver 3.0: style line implementation This indicator calculates Volume Profile for a given range and shows it as a histogram consisting of 50 horizontal bars. It can also show Point of Control (POC), Developing POC, Value Area/VWAP StdDev High/Low as dynamically moving levels. Free accounts can't access Standard TradingView Volume Profile, hence this indicator. There are several versions: Free Pro, Free MAX SLI, Free History. This is the Free MAX SLI version. The Differences are listed below: - Free Pro: 25 levels, +Developing POC, Value Area/VWAP High/Low Levels, Above/Below Area Dimming - Free MAX SLI: 50 levels, packed to the limit, 2x SLI modes for Buy/Sell or even higher res 150 levels - Free History: auto highest/lowest, historic poc/va levels for each session Features: - High-Res Volume Profile with up to 50 levels (3 implementations) - 20-30x faster than the old Pro versions especially on lower tfs with long history - 2x SLI modes for even higher res: 150 levels with 3x vertical SLI, 50 buy/sell levels with 2x horiz SLI - Calculate Volume Profile on full history - POC, Developing POC Levels - Buy/Sell/Total volume modes - Side Cover - Value Area, VAH/VAL dynamic levels - VWAP High/Low dynamic levels with Source, Length, StdDev as params - Show/Hide all levels - Dim Non Value Area Zones - Custom Range with Highlighting - 3 Anchor points for Volume Profile - Flip Levels Horizontally - Adjustable width, offset and spacing of levels - Custom Color for POC/VA/VWAP levels and Transparency for buy/sell levels Usage: - specify max_level/min_level/spacing (required) - select range (start_bar, range length), confirm with range highlighting - select volume type: Buy/Sell/Total - select mode Value Area/VWAP to show corresponding levels - flip/select anchor point to position the buy/sell levels - use Horiz SLI mode for 50 Buy/Sell or Vertical SLI for 150 levels if needed - use POC/Developing POC/VA/VWAP High/Low as S/R levels. Usually daily values from 1-3 days back are used as levels for the current day. SLI: - use SLI modes to extend the functionality of the indicator: - Horiz Buy/Sell 2x SLI lets you view 50 Buy/Sell Levels at the same time - Vertical Max_Vol 3x SLI lets you increase the resolution to 150 levels - you need at least 2 instances of the indicator attached to the same chart for SLI to work 1) Enable Horiz SLI: - attach 2 indicator instances to the chart - make sure all instances have the same min_level/max_level/range/spacing settings - select volume type for each instance: you can have a buy/sell or buy/total or sell/total SLI. Make sure your buy volume instance is the last attached to be displayed on top of sell/total instances without overlapping. - set buy_sell_sli_mode to true for indicator instances with volume_type = buy/sell, for type total this is optional. - this basically tells the script to calculate % lengths based on total volume instead of individual buy/sell volumes and use ext offset for sell levels - Sell Offset is calculated relative to Buy Offset to stack/extend sell after buy. Buy Offset = Zero - Buy Length. Sell Offset = Buy Offset - Sell Length = Zero - Buy Length - Sell Length - there are no master/slave instances in this mode, all indicators are equal, poc/va levels are not affected and can work independently, i.e. one instance can show va levels, another - vwap. 2) Enable Vertical SLI: - attach the first instance and evaluate the full range to roughly determine where is the highest max_vol/poc level i.e. 0..20000, poc is in the bottom half (third, middle etc) or - add more instances and split the full vertical range between them, i.e. set min_level/max_level of each corresponding instance to 0..10000, 10000..20000 etc - make sure all instances have the same range/spacing settings - an instance with a subrange containing the poc level of the full range is now your master instance (bottom half). All other instances are slaves, their levels will be calculated based on the max_vol/poc of the master instance instead of local values - set show_max_vol_sli to true for the master instance. for slave instances this is optional and can be used to check if master/slave max_vol values match and slave can read the master's value. This simply plots the max_vol value - you can also attach all instances and set show_max_vol_sli to true in all of them - the instance with the largest max_vol should become the master Auto/Manual Ext Max_Vol Modes: - for auto vertical max_vol SLI mode set max_vol_sli_src in all slave instances to the max_vol of the master indicator: "VolumeProfileFree_MAX_RRB: Max Volume for Vertical SLI Mode". It can be tricky with 2+ instances - in case auto SLI mode doesn't work - assign max_vol_sli_ext in all slave instances the max_vol value of the master indicator manually and repeat on each change - manual override max_vol_sli_ext has higher priority than auto max_vol_sli_src when both values are assigned, when they are 0 and close respectively - SLI is disabled - master/slave max_vol values must match on each bar at all times to maintain proper level scale, otherwise slave's levels will look larger than they should relative to the master's levels. - Max_vol (red) is the last param in the long list of indicator outputs - the only true max_vol/poc in this SLI mode is the master's max_vol/poc. All poc/va levels in slaves will be irrelevant and are disabled automatically. Slaves can only show VWAP levels. - VA Levels of the master instance in this SLI mode are calculated based on the subrange, not the whole range. Cross check with the full range. WARNING! - auto mode max_vol_sli_src is experimental and may not work as expected - you can only assign auto mode max_vol_sli_src = max_vol once due to some bug with unhandled exception/buffer overflow in Tradingview. Seems that you can clear the value only by removing the indicator instance - sometimes you may see a "study in error state" error when attempting to set it back to close. Remove indicator/Reload chart and start from scratch - volume profile may not finish to redraw and freeze in an ugly shape after an UI parameter change when max_vol_sli_src is assigned a max_vol value. Assign it to close - VP should redraw properly, but it may not clear the assigned max_vol value - you can't seem to be able to assign a proper auto max_vol value to the 3rd slave instance - 2x Vertical SLI works and tested in both auto/manual, 3x SLI - only manual seems to work Notes: - This code is 20x-30x faster (main for cycle is removed) especially on lower tfs with long history - only 2-3 sec load/redraw time vs 30-60 sec of the old Pro versions - Instead of repeatedly calculating the total sum of volumes for the whole range on each bar, vol sums are now increased on each bar and passed to the next in the range making it a per range vs per bar calculation that reduces time dramatically - hist_base for levels still results is ugly redraw - if you don't see a volume profile check range settings: min_level/max_level and spacing, set spacing to 0 (or adjust accordingly based on the symbol's precision, i.e. 0.00001) - you can view either of Buy/Sell/Total volumes, but you can't display Buy/Sell levels at the same time using a single instance (this would 2x reduce the number of levels). Use 2 indicator instances in horiz buy/sell sli mode for that. - Volume Profile/Value Area are calculated for a given range and updated on each bar. Each level has a fixed length. Offsets control visible level parts. Side Cover hides the invisible parts. - Custom Color for POC/VA/VWAP levels - UI Style color/transparency can only change shape's color and doesn't affect textcolor, hence this additional option - Custom Width - UI Style supports only width <= 4, hence this additional option - POC is visible in both modes. In VWAP mode Developing POC becomes VWAP, VA High and Low => VWAP High and Low correspondingly to minimize the number of plot outputs - You can't change buy/sell level colors from input (only plot transparency) - this requires 2x plot outputs => 2x reduces the number of levels to fit the max 64 limit. That's why 2 additional plots are used to dim the non Value Area zones - All buy/sell volume lengths are calculated as % of a fixed base width = 100 bars (100%). You can't set show_last from input to change it - There's no such thing as buy/sell volume, there's just volume, but for the purposes of the Volume Profile method, assume: bull candle = buy volume, bear candle = sell volume P.S. Gravitonium Levels Are Increasing. Unobtainium is nowhere to be found! Links on Volume Profile and Value Area calculation and usage: www.tradingview.com stockcharts.com onlinelibrary.wiley.com
Wskaźnik Pine Script®
od RagingRocketBull
25
Volume Suite - By Leviathan (CVD, Volume Delta, Relative Volume)Volume Suite is an all-in-one script that includes several volume-based indicators such as CVD, Volume Delta, Relative Volume, Buy/Sell Volume, Cumulative Relative Volume and more. Additionally, it offers fully customisable appearance and features for improved data visualization, such as highlights for high volume activity, small price changes with high volume, or large price changes with low volume and more. Data available in version 1: - Volume Delta Volume Delta is the net difference between Buy Volume and Sell Volume at a given bar. Positive Delta indicates that Buy Volume > Sell Volume, while Negative Delta means that Sell Volume > Buy Volume. As there is not way to get tick data on Tradingview, calculating Volume Delta is improvised by using the direction of lower timeframe candles and their volume. - Cumulative Volume Delta (CVD) CVD is a running total/cumulation of Volume Delta values, where positive VD gets added to the sum and negative VD gets subtracted from the sum. It can be used for trend strength analysis, divergence strategies, sentiment, etc. - Buy/Sell Volume Buy and Sell Volume provides an insight into volume activity in a given bar by estimating the buying/selling volume based on the direction of lower timeframe candles and their volume. - Relative Volume Relative Volume is used to compare current trading volume to past trading volume over a given period. For instance, a relative volume of 1.0 indicates that volume is at an average level, while a relative volume of 2.0 suggests that the volume is twice as high as the average. - Cumulative Relative Volume (CRVOL) CRVOL is a running total/cumulation of Relative Volume values, where RVOL at close>open gets added to the sum and RVOL at close
Wskaźnik Pine Script®
od LeviathanCapital
62
Volume Dominance (Multi-Timeframe)Volume dominance is a mathematical concept i invented by separating up volume and down volume, and replacing the opposing elements in the averaging arrays with zeroes. positive volume dominance is calculated by taking the average of volumes with a positive price direction over a period. for every volume with a negative price direction within the period, a zero is added to the averaging array. Dpv = sum(upVol + (dnVol * 0)) / length Dnv = sum(dnVol + (upVol * 0)) / length Dpv = Dominance of Positive volume Dnv = Dominance of Negative volume upVol = total volume of upward filtered candles within length array dnVol = total volume of downward filtered candles within length array the user can see positive and negative volume dominance and read the label at the end of the plot to see the breadth of the dominance gap. the user can select between using EMA and SMA to compute the dominance averages. when the yellow center line moves with the change of a dominance line, it indicates strong directional force.
Wskaźnik Pine Script®
od Shaeroden
Volume Profile Multi periodVolume Profile - AOC 📈 Unlock market insights with this powerful volume profile indicator! Analyze trading activity across multiple sessions with customizable settings and clear visuals. Perfect for traders aiming to identify key price levels and market trends with precision. 🚀 Key Features: Multi-Session Support: Visualize volume profiles for Tokyo, London, New York, Daily, Weekly, Monthly, Quarterly, and Semiannual sessions. 🌍 Customizable Display: Choose session types, resolution, and bar modes (Mode 1 or Mode 2) to match your strategy. 🎛️ Point of Control (POC): Highlights the most traded price levels for each session. 🎯 Color-Coded Profiles: Distinct up/down volume visualization for quick analysis. 📊 Session Labels: Optional labels for easy identification of session periods. 🏷️ High/Low Tracking: Tracks session-specific highs and lows for accurate profiling. 📏 Empower your trading decisions with clear, actionable volume data! 💡
Wskaźnik Pine Script®
od AlchimistOfCrypto
3
Volume Profile With Buy & Sell Pressure LabelVOLUME PROFILE WITH BUY AND SELL PRESSURE LABEL This volume profile indicator shows volume traded for each bar and is colored according to the difference in buy and sell pressure(DMI). ***HOW TO USE*** If the bar and background is colored green, there is more market buying than selling on that bar. If the bar and background is colored red, there is more market selling than buying on that bar. If the bar and background is colored blue, there is an equal amount of market buying and selling on that bar. ***BUY/SELL LABEL*** There is also a label on the right side that tells you whether there is more buying or selling on the current bar. This table updates in real time and changes colors so you can get an easy, quick interpretation of the current buy/sell pressure without having to look at the volume bars so you can make faster decisions on whether to enter or exit a trade. The table changes colors in sync with the volume bars and background. Green means more market buying than selling. Red means more market selling than buying. Blue means an equal amount of market buying and selling. ***MARKETS*** This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex. ***TIMEFRAMES*** This volume profile indicator can be used on all timeframes. ***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, DMI, Momentum, Auto Support And Resistance and Money Flow Index in combination with this Volume Profile. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Wskaźnik Pine Script®
od FriendOfTheTrend
8
Volume Buy/Sell ChartVolume Buy/Sell Chart This script visualizes the distribution of buying and selling volume within each candlestick, helping traders identify dominant market pressure at a glance. It separates volume into Buy Volume (Green) and Sell Volume (Red) using a unique calculation based on price movement within a candle. Features: ✅ Customizable Bar Display: Choose to display 5, 10, or 100 bars using a simple dropdown selection. ✅ Buy & Sell Volume Calculation: The script determines buying and selling volume dynamically based on price action within the candle. ✅ Custom Volume Threshold for Alerts: Set a percentage threshold (0–100) to trigger alerts when buy or sell volume exceeds a predefined level. ✅ Color-Coded Histogram: Green Bars: Represent the estimated buy volume. Red Bars: Represent the estimated sell volume. ✅ Alerts Integration: Automatically detect strong buy or sell signals when the respective volume percentage exceeds your set threshold. How It Works: The script calculates total price movement within a candle. It then estimates buying and selling volume ratios based on whether the price closes higher or lower than it opened. Finally, it normalizes the buy/sell volume against the total volume and plots it as a column chart. Usage Guide: Add the script to your chart. Select how many bars to display (5, 10, or 100). Adjust the Custom Volume Percentage Threshold (default: 75%). Watch for significant buy/sell volume imbalances that might indicate market turning points! This tool is great for traders looking to analyze volume flow and market sentiment with a simple yet effective visualization. 🚀
Wskaźnik Pine Script®
od venkat_27
Volumen Consolidado por DIVISAS contra BITCOIN #09/2019Volumen Consolidado de Bitcoin clasificado por divisas. Gracias a este indicador se podrá obtener la dominancia y participación en el mercado de las diferentes divisas o contratos. Actualmente el indicador incluye un aproximado de 40 pares de BTC contra diferentes divisas, en las cuales resaltan: *USD *USDT *USDC *XBT *CNY *KRW *GBP *EUR Este indicador es un criterio utilizado para un indicador que estaré subiendo en proximamente, el cuál sí contará con el volumen total expresado en un solo panel. Es decir, este indicador, solo especifica una parte del indicador general, que será el volumen consolidado total, que este expresará la cantidad total de bitcoins negociados a nivel mundial. El USD es la moneda con la que el "Market Maker", respalda sus fondos para operar el mercado, cosa que sabemos, por lo tanto otras divisas serían solo un metodo de compra para el retailer(cosa que me motivó a la creación del indicador ya que se podría conocer el sentimiento y reacción de los mismos en lo que ocurre en el mercado). Recordemos que el principal problema de los análisis que toman en cuenta el precio y volumen en bitcoin es que tradingview te da a conocer solo el "volumen del exchange", por lo tanto no obtienes una cifra exacta de los bitcoins comprados y/o vendidos en todos los sitios en los que se negocia, lo que dificulta tener una percepción objetiva de lo que sucede en el mercado, ya que te guiarías por el volumen que te da el exchange dónde operas y no el que es real. Sin nada más que decir, espero que tome en cuenta este recurso para sus análisis, que será esencial para aquellos que operan con precio y volumen. Si quiere realizar alguna colaboración y/o donación por mí obra, será muy bien bienvenida y agradecida: BTC: 1TqvNSQs39pr2mLeDo3swcrkYvkK1YQAN LTC: LKYYkJQHBvnEaJSatp53pg8C7iKp9Jp45B ETH: 0x6e0902a16a0a0d6379cd8600c455a7ab335278cc
Wskaźnik Pine Script®
od chaconho
Volume/Price Movement Indicator## Volume/Price Movement Indicator (VPM) The **Volume/Price Movement Indicator (VPM)** is a technical analysis tool designed to identify the strength and potential direction of a trend by combining price momentum with volume analysis. Unlike indicators that only look at price, VPM uses volume as a confirming factor to gauge the conviction behind a price move. This helps traders distinguish between strong, high-conviction trends and weak, low-conviction movements that may be prone to reversal. *** ### Key Concepts * **Price Trend**: The indicator smooths out daily price changes to determine the underlying trend direction. A positive price trend suggests upward momentum, while a negative trend suggests downward momentum. * **Volume Analysis**: The VPM calculates a **Volume Ratio**, which compares the current bar's volume to its moving average. A high volume ratio indicates that the current volume is significantly higher than recent average volume, suggesting strong market participation. The **Volume Threshold Multiplier** is used to define what constitutes "high volume." * **Net Pressure**: This component measures the difference between buying pressure and selling pressure, providing an additional layer of confirmation. Positive net pressure indicates that buying activity is outpacing selling, and vice versa. *** ### How to Use the Indicator The VPM plots its findings on a histogram below the main chart, using colors to clearly signal the market's state. * **🟢 Strong Bull (Green)**: This is the most powerful bullish signal. It indicates a clear upward price trend that is confirmed by both high volume and positive net pressure. This is a strong signal of conviction and potential continuation of the uptrend. * **🔵 Weak Bull (Lime)**: This signal indicates a clear upward price trend, but with low volume. The positive net pressure suggests buying is still dominant, but the lack of high volume means there may not be strong market conviction. This signal suggests caution and may precede a consolidation or reversal. * **🔴 Strong Bear (Red)**: The strongest bearish signal. It indicates a clear downward price trend confirmed by high volume and negative net pressure. This suggests strong selling conviction and a high probability of the downtrend continuing. * **🟠 Weak Bear (Orange)**: This indicates a clear downward price trend but with low volume. Negative net pressure confirms selling dominance, but the low volume suggests a lack of strong conviction. Like the "Weak Bull" signal, this suggests caution. * **⚫ Neutral (Gray)**: This signal is displayed when there is no clear trend or when price and volume are diverging. It's a signal of market indecision and suggests waiting for a clearer signal. *** ### Indicator Settings * **Trend Length**: This input controls the sensitivity of the price trend calculation. A smaller value will make the indicator more responsive to short-term price changes, while a larger value will filter out noise and focus on longer-term trends. * **Volume MA Length**: This determines the length of the moving average used as a baseline for volume. A longer length will make the "high volume" condition harder to meet. * **Volume Threshold Multiplier**: This is a key setting for tuning the indicator. It determines how much higher the current volume must be than its moving average to be considered "high volume." For example, a value of `1.2` means volume must be at least 20% higher than the moving average to trigger a high-volume signal.
Wskaźnik Pine Script®
od HabibiBudo
Volume (standard) + Brightness by Intensity (Min–Max / MA)Volume Brightness Indicator Quick Description This indicator is an enhanced version of TradingView’s standard volume. The volume bars are colored just like the original (green/red or a single custom color), but with one key upgrade: brightness and transparency adjust automatically based on volume intensity. High volume → bars appear more opaque and bright. Low volume → bars appear more transparent and faded. This makes it easier to spot which candles actually carry meaningful volume at a glance. Features Bar colors: by candle direction (green/red) or a single chosen color. Volume moving average: optional, customizable (SMA or EMA). Brightness methods: Min–Max: compares volume against a historical window (with optional log scale). MA-based: compares volume against its moving average, with an adjustable cap. Custom transparency: define how opaque high-volume and low-volume bars appear. How to Use Copy the script into Pine Editor and save it. Add it to your chart; it will display in its own panel, like the standard volume. In Settings, choose your preferred brightness method and adjust transparency ranges. Toggle the volume MA if you want a clear reference line. Key Idea The indicator does not add new data. It highlights volume intensity visually, making it easier to identify accumulation or spikes without losing the simplicity of the classic volume.
Wskaźnik Pine Script®
od lamatcrypto
Volume & Trend Confluence OscillatorVolume & Trend Confluence Oscillator (VTCO) Overview: The Volume & Trend Confluence Oscillator (VTCO) is a technical analysis tool designed to help traders assess market conditions by integrating volume analysis, momentum, and trend direction into a single oscillator. This indicator provides traders with additional confirmation when evaluating potential trade entries and exits. Key Features: Volume Analysis: Calculates a Z-score to detect unusual trading activity. Momentum Measurement: Evaluates the rate of price change to gauge market velocity. Trend Confirmation: Utilizes an Exponential Moving Average (EMA) to assess overall market direction. Signal Filtering: Incorporates minimum movement thresholds and a confirmation period to reduce false signals. Visual Enhancements: Background shading indicates trend direction, and buy/sell markers highlight key signals. How It Works: The VTCO applies a volume multiplier to momentum readings when volume activity significantly deviates from its historical norm. Additionally, it prioritizes momentum moves that align with the prevailing market trend. A smoothing mechanism refines the oscillator’s signal line, ensuring a more stable and actionable output. The indicator generates alerts when key conditions are met, assisting traders in identifying potential trend shifts. Signal Generation: Buy Signal: Triggered when the oscillator crosses above zero after an oversold condition, ideally within an uptrend. Sell Signal: Triggered when the oscillator crosses below zero after an overbought condition, ideally within a downtrend. Alerts: Configurable alerts notify traders when key market conditions are met. Usage Considerations: Works effectively across various timeframes but may provide more reliable signals on higher timeframes. Best utilized in conjunction with additional technical indicators and risk management strategies. No indicator guarantees future performance; proper analysis and trade management remain essential. Disclaimer: This indicator is provided for educational purposes only and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct independent analysis before making trading decisions.
Wskaźnik Pine Script®
od Finntech1
5
Volume Trend Swing Points | viResearchVolume Trend Swing Points | viResearch Conceptual Foundation and Innovation The "Volume Trend Swing Points" script is designed to identify pivotal swing points in market trends by leveraging the Price Volume Trend (PVT) indicator. This unique approach combines price and volume movements to highlight moments when a market may experience a significant trend reversal. By detecting the highest and lowest points of the PVT over customizable periods, this script aims to provide traders with valuable insights into potential bullish or bearish market behavior. The simplicity of the script, combined with its use of the PVT, offers an effective way for traders to anticipate key market swings based on both price and volume momentum. Technical Composition and Calculation The core of the "Volume Trend Swing Points" script is built around the Price Volume Trend (PVT) indicator, which adjusts price changes according to trading volume. The script focuses on identifying the highest and lowest values of the PVT over user-defined lookback periods: Price Volume Trend (PVT): The PVT is used to calculate the momentum of price movements, taking volume into account. By incorporating both price and volume, the PVT offers a more dynamic and responsive indicator of trend direction compared to price alone. Swing Point Detection: The script identifies the highest and lowest PVT values over user-defined lookback periods (x for highs and y for lows). When the current PVT matches either the highest or lowest value, it signals a potential trend reversal or continuation, depending on whether the high or low is detected. Entry and Exit Signals: A long signal (bullish) is generated when the current PVT matches the highest value over the lookback period, while a short signal (bearish) is generated when the current PVT matches the lowest value. These signals can be visualized with alerts and background colors. Features and User Inputs The "Volume Trend Swing Points" script allows traders to customize several parameters to better suit their trading strategies and market conditions: Lookback Periods (x and y): The script allows for two customizable lookback periods—one for detecting the highest PVT and another for the lowest. Adjusting these values can help refine the sensitivity of the swing points. Bar Coloring: The script includes an optional setting to color the bars based on detected bullish or bearish trends, making it easier to visualize potential market shifts. Background Colors: The background color changes dynamically based on whether a high or low swing point is detected, providing traders with a clear visual indication of potential trend reversals. Alerts: The script includes alert conditions for both long and short signals, enabling traders to set notifications for when potential swing points are detected. Practical Applications The "Volume Trend Swing Points" script is ideal for traders who focus on price and volume dynamics when making trading decisions. Its application is particularly useful in the following scenarios: Detecting Trend Reversals: By identifying the highest and lowest PVT values over a given period, the script can help traders spot potential reversal points, allowing for more timely entries or exits. Confirming Trend Continuations: When the PVT continues to match the highest or lowest values, it may indicate that the trend is likely to continue, helping traders maintain their positions with greater confidence. Volume-Based Trend Analysis: Since the script uses the PVT, it is particularly effective in markets where volume plays a significant role in driving price movements, offering insights that go beyond simple price-based indicators. Advantages and Strategic Value This script enhances traditional trend analysis by incorporating both price and volume through the PVT, providing a more comprehensive view of market momentum. The customizable lookback periods allow traders to adapt the script to different assets and timeframes, making it a versatile tool for swing trading and trend-following strategies. The visual cues provided by bar coloring and background shading help traders quickly identify potential market shifts, improving decision-making speed and accuracy. Summary and Usage Tips The "Volume Trend Swing Points" script is a straightforward yet powerful tool for identifying market reversals and trend continuations based on both price and volume. By adjusting the lookback periods, traders can fine-tune the script to better suit their trading style and the assets they are monitoring. The visual and alert features further enhance the script's usability, making it easy to incorporate into a trading strategy. Remember to backtest the script across various market conditions to better understand its performance. Past performance is not necessarily indicative of future results, so using this script in conjunction with other technical tools is recommended for optimal decision-making.
Wskaźnik Pine Script®
od viResearch
10
Volume RatioVolume 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 indicating that Selling momentum is weak. However, if VR is too big e.g above 4, it may indicated that Buying/Selling will climax soon
Wskaźnik Pine Script®
od ShawnJay
1
Volume Profile [Makit0]VOLUME PROFILE INDICATOR v0.5 beta Volume Profile is suitable for day and swing trading on stock and futures markets, is a volume based indicator that gives you 6 key values for each session: POC, VAH, VAL, profile HIGH, LOW and MID levels. This project was born on the idea of plotting the RTH sessions Value Areas for /ES in an automated way, but you can select between 3 different sessions: RTH, GLOBEX and FULL sessions. Some basic concepts: - Volume Profile calculates the total volume for the session at each price level and give us market generated information about what price and range of prices are the most traded (where the value is) - Value Area (VA): range of prices where 70% of the session volume is traded - Value Area High (VAH): highest price within VA - Value Area Low (VAL): lowest price within VA - Point of Control (POC): the most traded price of the session (with the most volume) - Session HIGH, LOW and MID levels are also important There are a huge amount of things to know of Market Profile and Auction Theory like types of days, types of openings, relationships between value areas and openings... for those interested Jim Dalton's work is the way to come I'm in my 2nd trading year and my goal for this year is learning to daytrade the futures markets thru the lens of Market Profile For info on Volume Profile: TV Volume Profile wiki page at www.tradingview.com For info on Market Profile and Market Auction Theory: Jim Dalton's book Mind over markets (this is a MUST) BE AWARE: this indicator is based on the current chart's time interval and it only plots on 1, 2, 3, 5, 10, 15 and 30 minutes charts. This is the correlation table TV uses in the Volume Profile Session Volume indicator (from the wiki above) Chart Indicator 1 - 5 1 6 - 15 5 16 - 30 10 31 - 60 15 61 - 120 30 121 - 1D 60 This indicator doesn't follow that correlation, it doesn't get the volume data from a lower timeframe, it gets the data from the current chart resolution. FEATURES - 6 key values for each session: POC (solid yellow), VAH (solid red), VAL (solid green), profile HIGH (dashed silver), LOW (dashed silver) and MID (dotted silver) levels - 3 sessions to choose for: RTH, GLOBEX and FULL - select the numbers of sessions to plot by adding 12 hours periods back in time - show/hide POC - show/hide VAH & VAL - show/hide session HIGH, LOW & MID levels - highlight the periods of time out of the session (silver) - extend the plotted lines all the way to the right, be careful this can turn the chart unreadable if there are a lot of sessions and lines plotted SETTINGS - Session: select between RTH (8:30 to 15:15 CT), GLOBEX (17:00 to 8:30 CT) and FULL (17:00 to 15:15 CT) sessions. RTH by default - Last 12 hour periods to show: select the deph of the study by adding periods, for example, 60 periods are 30 natural days and around 22 trading days. 1 period by default - Show POC (Point of Control): show/hide POC line. true by default - Show VA (Value Area High & Low): show/hide VAH & VAL lines. true by default - Show Range (Session High, Low & Mid): show/hide session HIGH, LOW & MID lines. true by default - Highlight out of session: show/hide a silver shadow over the non session periods. true by default - Extension: Extend all the plotted lines to the right. false by default HOW TO SETUP BE AWARE THIS INDICATOR PLOTS ONLY IN THE FOLLOWING CHART RESOLUTIONS: 1, 2, 3, 5, 10, 15 AND 30 MINUTES CHARTS. YOU MUST SELECT ONE OF THIS RESOLUTIONS TO THE INDICATOR BE ABLE TO PLOT - By default this indicator plots all the levels for the last RTH session within the last 12 hours, if there is no plot try to adjust the 12 hours periods until the seesion and the periods match - For Globex/Full sessions just select what you want from the dropdown menu and adjust the periods to plot the values - Show or hide the levels you want with the 3 groups: POC line, VA lines and Session Range lines - The highlight and extension options are for a better visibility of the levels as POC or VAH/VAL THANKS TO @watsonexchange for all the help, ideas and insights on this and the last two indicators (Market Delta & Market Internals) I'm working on my way to a 'clean chart' but for me it's not an easy path @PineCoders for all the amazing stuff they do and all the help and tools they provide, in special the Script-Stopwatch at that was key in lowering this indicator's execution time All the TV and Pine community, open source and shared knowledge are indeed the best way to help each other IF YOU REALLY LIKE THIS WORK, please send me a comment or a private message and TELL ME WHAT you trade, HOW you trade it and your FAVOURITE SETUP for pulling out money from the market in a consistent basis, I'm learning to trade (this is my 2nd year) and I need all the help I can get GOOD LUCK AND HAPPY TRADING
Wskaźnik Pine Script®
od makit0
64
Volume Spread Analysis Candle PatternsVolume Spread Analysis (VSA) is a methodology used in trading and investing to analyze the relationship between volume, price spread, and price movement in financial markets. It was developed by Richard Wyckoff, a prominent trader and market observer. The core principle of VSA is that changes in volume can provide insights into the strength or weakness of price movements and indicate the intentions of market participants. By examining the interplay between volume and price, traders aim to identify the behavior of smart money (informed institutional investors) versus less-informed market participants. Key concepts in Volume Spread Analysis include: 1. Volume: VSA places significant emphasis on volume as a leading indicator. It suggests that changes in volume precede price movements and can provide clues about the market's sentiment. 2. Spread: The spread refers to the price range between the high and low of a given trading period (e.g., a candlestick or bar). VSA considers the relationship between volume and spread to gauge the strength of price action. 3. Upthrust and Springs: These are VSA candle patterns that indicate potential market reversals. An upthrust occurs when prices briefly move above a resistance level but fail to sustain the upward momentum. Springs, on the other hand, happen when prices briefly dip below a support level but quickly rebound. 4. No Demand and No Supply: These patterns suggest a lack of interest or participation from buyers (no demand) or sellers (no supply) at a particular price level. These conditions may foreshadow a potential price reversal or consolidation. 5. Hidden Buying and Selling: Hidden buying occurs when prices close near the high of a bar, indicating the presence of buyers even though the market appears weak. Hidden selling is the opposite, where prices close near the low of a bar, suggesting the presence of sellers despite apparent strength. By combining these VSA concepts with other technical analysis tools, traders seek to identify potential trading opportunities with favorable risk-reward ratios. VSA can be applied to various financial markets, including stocks, futures, forex, and cryptocurrencies. It's important to note that while VSA provides a framework for analyzing volume and price, its interpretation and application require experience, skill, and subjective judgment. Traders often use VSA in conjunction with other technical indicators and chart patterns to make well-informed trading decisions.
Wskaźnik Pine Script®
od deepu6576
2
Volume Pressure Arrows[Blk0ut]Volume Pressure Arrows are an innovative (I think) market pressure tool designed to cut through noise and provide traders with a realistic, but quick insight into buying vs selling pressure and which has real control. Rather than relying on any single classic indicator, this script blends five complementary measures of price–volume dynamics—Cumulative Volume Delta (CVD), VWAP distance, OBV slope, ATR expansion, and the DMI ratio—into a unified “pressure score.” Each component is normalized, weighted, and combined into a single metric that can be read at a glance through intuitive up and down arrows plotted directly on the chart. By transforming multiple complex data streams into a single aggregated signal, Volume Pressure Arrows help traders answer some of the hardest questions we can face: is the current move backed by conviction? is there true momentum? Is price action about to reverse? Why It’s Different Traditional oscillators often create conflicting signals, forcing traders to guess which one to trust. This indicator integrates five perspectives on volume and momentum pressure into a single framework, balancing raw flow (CVD), relative positioning (VWAP), trend conviction (OBV slope), volatility expansion (ATR), and directional bias (DMI). The result is a weighted, probability-minded score capped between -100 and +100 for consistency and clarity. Important note : Inspiration for the use of directly plotted arrows came from dgtrd "https://www.tradingview.com/u/dgtrd/" and their brilliant work on LazyBear's Squeeze Indicator "https://www.tradingview.com/script/Dsr7B2xE-Squeeze-Momentum-Indicator-LazyBear-vX-by-DGT/" How to Read It Bullish Arrows appear below the candles when the pressure score pushes above the neutral threshold, signaling meaningful buyer dominance. Bearish Arrows appear above the candles when pressure drops below the negative threshold, indicating strong selling pressure. Neutral Arrows (smaller, faded) mark conditions where pressure exists but is not decisive—useful for spotting early rotations or fading momentum. Color Gradients dynamically adjust with score intensity, making stronger signals visually brighter and weaker ones softer. How to Use It Effectively This tool is best applied as a confirmation and timing layer. It is not meant to replace your core strategy, but to validate whether momentum pressure supports your trade thesis. Combine with trendlines, chart patterns, or breakouts to gauge conviction. Use bullish or bearish arrows as filters, only take trades when price action aligns with strong directional pressure. Watch neutral arrows near key levels; they often foreshadow balance breaking into directional moves. Adjust the weightings to emphasize the components that matter most to your style (e.g., more weight on CVD for scalpers, or ATR expansion for volatility traders). As with any indicator, this is not a magic ball and does not guarantee success. But it does allow you to increase the probability odds to your favor if you align it with your edge. Happy trading!
Wskaźnik Pine Script®
od Blk0ut
Volume CandleVolume Candle (VolCandle) This indicator highlights candles with unusually high volume compared to a moving average volume baseline. It helps traders easily spot heavy trading activity that may signal strong buying or selling interest. Key Features: Colors candles differently based on volume and price action: High volume bullish candles shown in bright green. High volume bearish candles shown in red. Normal volume candles use muted silver/gray colors. Shows volume labels (in thousands) on high volume candles for quick reference. Highlights candle background on high volume bars for visual emphasis. Displays a statistical table summarizing current volume, volume moving average, threshold, volume ratio, and status. Configurable parameters for volume average period and volume threshold factor. Alerts for high volume bullish or bearish candles to catch key market moves. This tool is useful for volume-based trade confirmation, spotting breakouts, reversals, or strong momentum driven by increased market participation.
Wskaźnik Pine Script®
od zikzak-trader30