STreme TrialThis indicator plot area to Buy and Sell based on Supply Demand method.
Only works in Weekly timeframe and above.
I used this to help me find the best possible turning point.
Wskaźnik Wolumenu
Delta Divergence(modified)Modified Volume Delta Divergence indicator originally made by @dutta.anupam.02, with some visual modifications. First numbers show delta others are bid and ask volume
Rolling Net VolumeMay still make changes, the current study should be helpful as is. Looking to highlight potential relative trend exhaustion in net volume. Should be most effective for stable supply assets. We're looking at an 100 day moving average of net volume essentially. The values of the RNV are slightly exaggerated to help with visibility PLEASE bear this in mind. Never the less, you can look at many commodities and notice moderate and extreme trend exhaustion on the positive and negative side using the transparent bands above and below. The less transparent red band perhaps suggests an opportunity to open a position against the current direction. It's not perfect, I may try to improve it. I am definitely open to feedback and appreciate it very much in advance.
Volume Divergence by MMIt's a simply volume indicator. You should watch for breaks on both volume uptrend and volume downtrend. It uses fibonacci numbers to build smoothed moving average of volume.
Also you can check divergences for trend reversal and momentum loss.
Attributable VolumeA volume indicator which calculates "Attributable Volume”, the portion of volume which contributed to the direction in which the candle moved.
Attributable Volume is calculated as: Total volume excluding the "counter wick" volume.
Where for a green (up) candle, the "counter wick" volume is the top wick volume.
In theory, Attributable Volume should better represent the effort of directional thrust of each candle.
By default, this indicator displays “Attributable RVOL”, but can be set to:
Attributable RVOL
RVOL
Attributable Volume
Volume
Note: RVOL = Relative Volume, the current volume divided by the Volume moving average. RVOL can be used to identify major moves, and potential starts/ends to trends.
Candle VolumeScript Based on Volume Based Coloured Bars by KivancOzbilgic
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This indicator turns the candle into a volume-weighted signal, When the price falls, the candle is red, and when the price rises, the candle is green. In addition, we each have two colors Happening:
Dark red: It is dark red when the downtrend trading volume is greater than 200% of its average price (default 20 days), which indicates that our price action is supported by strong bearish trading volume
Red: When the price drops and the trading volume is between 50% and 200% of its average (default 20 days), in this case, we can think that the trading volume is neither strong nor weak
Light red: When the price drops and VOLUME is less than 50% of its average price (default 20 days), the trading volume is weak and there is not much support for price movements
Dark green: When the price rises and the trading volume is greater than 200% of its average price (default 20 days), it indicates that our price movement is supported by a strong bullish trading volume
Green: When the price rises and the trading volume is between 50% and 200% of its average price (the default is 20 days), in this case, we can think that the trading volume is neither strong nor weak
Light green: When the price rises and the trading volume is less than 50% of its average price (default 20 days), the trading volume is weak and does not support the price trend well
Default Low Volume is 50% (0.5) and High 200% (2), but if those values don't suit you, you can change them according to your trading personality
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Esse é um indicador que colore a candlera de acordo com o volume baseado na média, quando o volume está acima da média a candlera fica verde, e quando está abaixo, a candlera fica vermelha, e as cores das candleras funcionam dessa forma :
Vermelho escuro: fica vermelho escuro quando o preço cai e o volume de negociação é superior a 200% do preço médio (padrão 20 dias), o que indica que nossa ação de preço é suportada por um forte volume de negociação de baixa
Vermelho: quando o preço cai e o volume de negociação está entre 50% e 200% de sua média (padrão de 20 dias), nesse caso, podemos pensar que o volume de negociação não é forte nem fraco
Vermelho claro: quando o preço cai e VOLUME é inferior a 50% do preço médio (padrão 20 dias), o volume de negociação é fraco e não há muito suporte para movimentos de preço
Verde escuro: quando o preço aumenta e o volume de negociação é superior a 200% do preço médio (padrão 20 dias), isso indica que nosso movimento de preço é suportado por um forte volume de negociação de alta
Verde: quando o preço aumenta e o volume de negociação está entre 50% e 200% do preço médio (o padrão é 20 dias), nesse caso, podemos pensar que o volume de negociação não é forte nem fraco
Verde claro: quando o preço aumenta e o volume de negociação é inferior a 50% do preço médio (padrão 20 dias), o volume de negociação é fraco e não suporta bem a tendência de preço
O volume baixo padrão é 50% (0,5) e alto 200% (2), mas se esses valores não forem adequados para você, você poderá alterá-los de acordo com sua personalidade de trading
Volume, Simple Relative Volume HighlightThis script plots volume bars and highlight bars that have an unusual activity, compare to the average (Standard: Simple Moving Average, 50 periods).
The script is useful for checking daily volume levels on equities. Where there is high volume, there is likely volatility, wich is good for day trading and swing trading entries.
Rolling Relative VolumeThis script sums the volume for the selected period and compares it to the selected period before that. It works on a rolling basis, so it is suitable for 24/7 markets such as crypto. That is the main difference between this and the regular RVOL indicator. Of course lower timeframes can also be selected for comparing changes in volume, but you should be aware how the times when markets are closed affect the calculation. For example, if used on stocks, the indicator will use the data that is available, meaning that the amount of data needed to calculate daily cumulative volume can be stretched out over a few days. If the stock session is 8 hours long, that comes out to 3 days.
There are 2 windows of reference when summing the volume:
1) The Recent volume window -> sums the volume between the current candle and the start of the window
2) The previous volume window -> sums the volume from the start of the current window until the start of the previous window
An example follows at the end :)
How to set up:
1) In settings, select the Timeframe; weekly, daily and hourly (W,D,H) are supported.
2) Choose the multiplier of the recent timeframe (for example 4 for cumulative volume over the last 4h)
3) Choose the multiplier of the previous timeframe (for example 8, if you want cumulative volume of the 8h before the start of the recent window)
Example:
Settings:
Timeframe: D
Recent volume multiplier: 3
Previous volume multiplier: 1
The chart set to 1h timeframe
This will calculate the cumulative volume for the past 24h, starting at the recent candle. Then it will calculate the cumulative volume for 72 hours before the start of the recent (24h) window. So in total it will need 24 + 72 = 96 hours of data to calculate.
After that it will compare the volume of the recent window with the average of the previous window. If values are above 1 the volume is increasing, if below 1 it is decreasing.
Why is this useful?
It's easy to spot changes in the volume and see if the volume is increasing and by how much, compared to previous days. Of course volume also drives liquidity. If volume is picking up, that could be the start of a bigger move.
WARNING!!!
Use on very low timeframes (1m, 3m) with big lookback periods (W) can break the script or make it execute very slowly due to the nature of the indicator.
Because this works on bar data it's possible that changing timeframes will change the calculation slightly. Generally, lower timeframes produce more accurate results, but take longer to calculate. The selected timeframe for the indicator should always be higher than the timeframe of the chart, otherwise the calculations won't make sense.
Leave a comment or send a DM for any improvements, bugs or ideas for automation / algo trading.
Volume Weighted Exponential Moving AverageYou might have heard that simple moving average barks twice, then you will also notice that volume weighted moving average is even more horrible.
Thanks to Trading View all I had to do was to replace SMA function with EMA.
VWEMA can be used as an adaptive moving average or even an alternative to VWAP.
1337 Volume - V2This volume script uses a Z-Score based filter to identify statistically significant high and low volume conditions.
It also includes a variation of LazyBear's obv_oscillator to map volume flow.
Regular volume will appear either lime or red.
Irregularly high volume will appear bright lime / bright red.
Irregularly low volume will appear white.
It comes with tested pre-defined thresholds and lookback lengths, but feel free to play with the settings on your own.
Enjoy!
Volume BTC/USDVolume of all exchange BTC/USD in $ or in quantity
Exchange Used:
BITSTAMP:BTCUSD
COINBASE:BTCUSD
BITFINEX:BTCUSD
GEMINI:BTCUSD
BITBAY:BTCUSD
BITTREX:BTCUSD
OKCOIN:BTCUSD
CEXIO:BTCUSD
KRAKEN:XBTUSD
24h volume by 100eyesIntroducing the 24h volume indicator on Tradingview!
DM me (Trading-Guru) here on Tradingview to get access to this indicator.
100eyes asked me to create a new Tradingview indicator that estimates the 24h volume of a pair. Works for all BTC/USDT/USD/ETH crypto pairs. You can choose to display the 24h volume in BTC or USD(T).
This indicator allows you to:
Check the 24h volume of a pair without having to check the website of the exchange
Quickly compare 24h volumes across pairs, e.g. ADABTC to ADAUSDT
Quickly compare 24h volumes of pairs across different exchanges
Volume is an important factor in crypto trading to estimate liquidity. Use this indicator to adjust your position size according to the volume of a pair.
Even on the website of an exchange, it's difficult to compare volume since for example volumes of USDT pairs are expressed in USDT, and volumes of BTC pairs are expressed in BTC. This indicator solves that problem by expressing everything in the same currency, and also directly on Tradingview!
F.A.Q.
Q: How do I get access to the indicator?
A: DM Trading-Guru on Tradingview.
Q: Why are there different values for different timeframes?
A: That is due to Tradingview limitations. The smaller the timeframe, the more accurate the displayed value. The timeframe you're looking at equals the maximum amount of lag.
Q: I'm on the Tradingview mobile app, why is the value is not displayed next to the indicator's name?
A: Click somewhere inside the chart. Then the indicator value will appear.
Relative Volume Strength IndexRVSI is an alternative volume-based indicator that measures the rate of change of average OBV.
How to read a chart using it?
First signal to buy is when you see RVSI is close to green oversold levels.
Once RVSI passes above it's orange EMA, that would be the second alert of accumulation.
Be always cautious when it reaches 50 level as a random statistical correction can be expected because of "market noises".
You know it's a serious uptrend when it reaches above 75 and fluctuates there, grading behind EMA.
The best signal to sell would be a situation where you see RVSI passing below it's EMA when the whole thing is close to Red overbought level
It looks simple, but it's powerful!
I'd use RVSI in combination with price-based indicators.
RedK_Supply/Demand Volume Viewer v1Background
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VolumeViewer is a volume indicator, that offers a simple way to estimate the movement and balance (or lack of) of supply & demand volume based on the shape of the price bar. i put this together few years ago and i have a version of this published for another platform under different names (Directional Volume, BetterVolume) in case you come across them
what is V.Viewer
=====================
The idea here is to find a "simple proxy" for estimating the demand or supply portions of a volume bar - these 2 forces have the potential to affect the current price trend so we want an easy way to track them - or to understand if a stock is in accumulation or distribution - we want to do this without having access to Level II or bid/ask data, and without having to get into the complexity of exploring the lower timeframe price & volume data
- to achieve that, we depend on a simple assumption, that the volume associated with an up move is "demand" and the volume associated with a down move is "Supply". so we basically extrapolate these supply and demand values based on how the bar looks like - a full "green" price bar / candle will be considered 100% demand, and a full "red" price bar will be considered 100% supply - a bar that opens and closes at the same level will be 50/50 split between supply & demand.
- you may say this is a "too simple" of an assumption to make, but believe me, it works :) at least at the basic scenario we need here: i'm just exploring the volume movement and finding key levels - and it provides a good improvement compared to the classic way we see volume on a chart - which is still available here in VolumeViewer.
in all cases, i consider this to be work in progress, so i'd welcome any ideas to improve (without getting too complicated) - there's already a host of great volume-based indicators that will do the multi timeframe drill down, but that's not my scope here.
Technical Jargon & calculation
===========================
1. first we calculate a score % for the volume portion that is considered demand based on the bar shape
skip this part if it sounds too technical => if you're into coding indicators, you would probably know there are couple of different concepts for that algorithm - for example, the one used in Balance Of Power formula - which i'm a big fan of - but the one i use here is different. (how?) this is my own, ant it simply applies double weight for the "wick" parts of a price bar compared to the "body of the bar" -- i did some side-by-side comparison in past and decided this one works better. you can change it in the code if you like
2. after calculating the Bull vs Bears portion of volume, we take a moving average of both for the length you set, to come up with what we consider to be the Demand vs Supply - as usual, i use a weighted moving average (WMA) here.
3. the balance or net volume between these 2 lines is calculated, then we apply a final smoothing and that's the main plot we will get
4. being a very visual person, i did my best to build up the visuals in the correct order - then also to ensure the "study title" bar is properly organized and is simple and useful (Full Volume, Supply, Demand, Net Volume).
- i wish there was a way in Pine to hide a value that i still need to visually plot but don't want it showing its value on the study title bar, but couldn't find it. so the last plot value is repeated twice.
How to use
===========
- V.Viewer is set up to show the simplified view by default for simplicity. so when you first add it to a chart, you will get only the supply vs demand view you can see in the middle pane in the above chart
- Optional / detailed mode: go into the settings, and expose all other plots, you will be able to add the classic volume histogram, and the Supply / Demand lines - note these 2 lines will be overlay-ed on top of each other - this provides an easy way to see who is in control - especially if you change the display of these 2 lines into "area" style. This is what is showing in the lower pane in the above chart.
** Exploring Key Price Levels
- the premise is, at spots where there's big lack of balance, that's where to expect to find key price levels (support / resistance) and these price levels will come into play in future so can be used to set entry / exit targets for our trades - see the example in the AAPL chart where you can easily locate these "balance or reversal levels" using the tops/bottoms/zero-crossings from the Net Volume line
** Use for longer-term Price Analysis
- we can also use this simple indicator to gain more insights (at a high level) of the price in terms of accumulation vs distribution and if the sellers or buyers are in control - for example, in the above AAPL chart, V.Viewer tells us that buyers have been in control since October 19 - even during the recent drop, demand continued to be in play - compare that to DIS chart below for the same period, where it shows that the market was dumping DIS thru the weakness. DIS was bleeding red most of the time
Final thoughts
=============
- V.Viewer is an attempt to enhance the way we see and use Volume by leveraging the shape of the price bar to estimate volume supply & demand - and the Net between the 2
- it will work for stocks and other instruments as long as there's volume data
- note that V.Viewer does not track trend. each bar is taken in isolation of prior bars - the price may be going down and V.Viewer is showing supply going up (absorption scenario?) - so i suggest you do not use it to make decisions without consulting other trend / momentum indicators - of course this is a possible improvement idea, or can be implemented in another indicator, add in trend somehow, or maybe think of making this a +100 / -100 Oscillator .. feel free to play with these thoughts
- all thoughts welcome - if this is useful to you in your trading, please share with other trades here to learn from each other
- the code is commented - please feel free to use it as you like, or build things on top of it - but please continue to credit the author of this code :)
good luck!
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Positive Volume Index + Negative Volume IndexThis is my version of plotting the classic Positive Volume Index and Negative Volume Index. They can be wildly different sometimes and not very helpful with entry and exit points but I hope this helps clearly identify buy and sell signals. Buy when the indicator is green and sell when it is red
This was a special request so let me know when you want more scripts from me!
VolHMA [sluggishmoney]Currently published volume scripts typically plot volume as a positive value. This one is different.
---WHAT IS IT---
If the close is greater than the open, the volume is considered positive, and if the close is less than the open, the volume is made negative. I have taken the HMA (Hull Moving Average) of this positive or negative volume with a default length of 100, and have plotted it as a histogram that is green if positive, and red if negative. The signal line is an SMA of this volume HMA with a default length of 10. The purple background is a suggested holding period for a potential long position.
---HOW TO USE IT---
When the HMA100 crosses above 0, this is considered a buy signal. This means that the smoothed volume is starting to become bullish (but delayed due to length of moving averages). When the HMA100 crosses under the signal, this is considered a sell signal.
---WHICH MARKETS---
I wrote this script specifically for cryptocurrency markets. The indicator does best with continuous volume data that's typically found in crypto markets, although I can picture this working well in FOREX as well. A volatile and continuous market can provide volume data that best captures the magnitude and direction of a move.
Negative Volume Disparity IndicatorThe Negative Volume Disparity Indicator was created by Phillip C. Holt (Stocks & Commodities V. 14:6 (265-269)). This converts the classic Negative Volume indicator into Bollinger Bands and calculates the percentage of where the value lies within the Bollinger Bands. Buy when the nvdi rises above its signal line and sell when it falls below the signal line.
The OBVDI was a special request so I figured I would add this one as well. Let me know what other indicators you would like me to write scripts for!
On Balance Volume Disparity IndicatorThe On Balance Volume Disparity Indicator was created by Phillip C. Holt (Stocks & Commodities V. 14:6 (265-269)). This converts the classic OBV indicator into Bollinger Bands and calculates the percentage of where the value lies within the Bollinger Bands. Buy when the obvdi rises above its signal line and sell when it falls below the signal line.
This was a special request so let me know what other indicators you would like me to write scripts for!
Bitfinex BTC Open InterestBitfinex open interest, or bitcoin open interest chart, shows the amount of open positions currently on Bitfinex BTC / USD trading pairs. Usually when open interest reaches unusually high numbers we'll see an increased volatility in Bitcoin's price. The open interest chart could also be useful for determining the tops and bottoms for Bitcoin.
On Balance Volume ReflexThe On Balance Volume Reflex Indicator was developed by Fred Purifoy (Stocks & Commodities V 6:4 142-144) and it is similar in calculation to the On Balance Volume indicator but uses a lookback period for the change comparisons. Buy when the OVR is above the signal and sell when it falls below the signal.
I have included my On Balance Volume Modified Indicator to highlight the differences between both indicators.
Let me know if you would like to see me write scripts for more indicators!
NJVolumeNJVolume
1. Additional Volume x Price Value
2. Indicate Volume High in 20d,50d,100d & 200d
3. Purple Diamond indicate volume strong for short term
Relative Volume (RVOL)I have seen a few RVOL scripts floating around out there, but when creating alerts, the parameters have not been labeled clearly that makes it easy to say: "Alert me when RVOL crosses up my Treshold." Look no further than my retooled version that clearly separates the two data series by color and label. Enjoy!