TrendWave VWAP Indicator with ATR-based SignalsThe TrendWave VWAP Indicator with ATR-Based Signals is a robust TradingView tool for traders who prioritize precision and adaptability. This indicator combines the Volume-Weighted Average Price (VWAP) with the Average True Range (ATR) to provide actionable entry and exit signals while dynamically filtering out sideways market conditions. Designed with flexibility in mind, the indicator offers extensive customization options to tailor signals and filtering to individual trading styles.
Key Features and Customizable Settings
VWAP Integration
VWAP offers a volume-weighted benchmark, ideal for tracking price trends in relation to average trading levels. Customization: Traders can enable or disable VWAP functionality via a toggle, allowing easy adjustments based on market conditions or strategy preferences.
ATR-Based Signal Levels
ATR provides volatility-based levels for precise entry and exit points by measuring average price range. Customization: Traders can set the ATR length (default: 14) and the multiplier (default: 1.5) for adjusting sensitivity. A sideways threshold can be set to control the ATR value at which the indicator pauses signals, helping to avoid low-volatility markets.
Signal Cooldown
To reduce noise in choppy conditions, a signal cooldown enforces a minimum number of bars between signals. Customization: The cooldown period (default: 10 bars) can be adjusted to match preferred trading frequency and discipline requirements.
Signal Logic
Long Entry: Activated when price crosses above the VWAP in a trending market. Cooldown applies to avoid consecutive signals.
Long Exit: Triggered when price crosses below the VWAP.
Short Entry: Initiated when price crosses below the VWAP, in non-sideways conditions.
Short Exit: Occurs when price crosses back above the VWAP following a short position.
Visual Indicators
The VWAP is displayed as a line on the chart for easy trend reference. Entry and exit signals are clearly marked with color-coded shapes, enhancing readability without clutter.
Practical Application
The TrendWave VWAP Indicator with ATR-Based Signals provides tailored entries and exits for trending markets. Its customization options make it suitable for traders who require flexibility and precision in varying market conditions. By adjusting VWAP, ATR, and cooldown parameters, users can fine-tune the indicator to suit different trading styles, making it an essential tool for disciplined trading in dynamic markets.
Wolumen
HMA w(LRLR)Description: This script combines a customizable Hull Moving Average (HMA) with a Low Resistance Liquidity Run (LRLR) detection system, ideal for identifying trend direction and potential breakout points in a single overlay.
Features:
Hull Moving Average (HMA):
Select separate calculation sources (open, high, low, close) for short and long periods.
Choose from SMA, EMA, and VWMA for length type on both short and long periods, offering flexible moving average calculations to suit different trading strategies.
Color-coded HMA line that visually changes based on crossover direction, providing an intuitive view of market trends.
Customizable options for line thickness, color transparency, and band fill between HMA short and long lines.
Low Resistance Liquidity Run (LRLR):
Detects breakout signals based on price and volume conditions, identifying potential liquidity run levels.
User-defined length and breakout multiplier control breakout sensitivity and adjust standard deviation-based thresholds.
Color-coded visual markers for bullish and bearish LRLR signals, customizable for user preference.
Alerts for both bullish and bearish LRLR events, keeping users informed of potential trading opportunities.
This script allows traders to visually track the HMA trend direction while also spotting low-resistance liquidity opportunities, all on one chart overlay.
Disclaimer: This tool is intended for educational purposes only and should not be used solely to make trading decisions. Adjust parameters as needed, and consider additional analysis for comprehensive decision-making.
Volume Profile Heatmap 2.0The "Enhanced Volume Profile Heatmap" is a powerful Pine Script indicator designed for advanced volume analysis on TradingView charts. It creates a dynamic heatmap of volume distribution across a defined price range, enabling traders to pinpoint significant trading levels and understand price action more deeply.
Key Features:
Configurable Parameters:
Number of Bins (numBins): Defines the resolution of the heatmap by dividing the price range into multiple levels. More bins provide higher granularity.
Lookback Period (lookback): Sets the historical period over which the volume profile is calculated.
Price Range Calculation:
Calculates the highest and lowest prices over the lookback period, defining the boundaries for volume distribution.
Volume Allocation Across Price Levels:
The price range is divided into "bins" where each bin represents a specific price level.
For each price within the lookback period, the corresponding volume is allocated to its bin, building a comprehensive distribution of volume per price level.
Volume Normalization and Heatmap Visualization:
Volume for each bin is normalized based on the highest volume bin, creating a gradient effect to visually represent high and low-volume areas.
A heatmap color scheme is applied, where low volume appears redder and high volume appears greener, emphasizing critical price levels.
Visual Representation:
Each bin’s volume is depicted as a horizontal line with varying color intensity, creating a heatmap effect directly over the price chart.
Purpose:
The Enhanced Volume Profile Heatmap is ideal for traders looking to identify high-activity trading zones, which often act as strong support or resistance. By visualizing where trading activity concentrates, users can gain insights into potential areas of interest, allowing for more informed entry and exit decisions.
This indicator is a unique tool for volume-based analysis, helping traders understand underlying market sentiment and positioning across different price levels in a clear, intuitive way.
DMI Delta by 0xjcfOverview
This indicator integrates the Directional Movement Index (DMI), Average Directional Index (ADX), and volume analysis into an Oscillator designed to help traders identify divergence-based trading signals. Unlike typical volume or momentum indicators, this combination provides insight into directional momentum and volume intensity, allowing traders to make well-informed decisions based on multiple facets of market behavior.
Purpose and How Components Work Together
By combining DMI and ADX with volume analysis, this indicator helps traders detect when momentum diverges from price action—a common precursor to potential reversals or significant moves. The ADX filter enhances this by distinguishing trending from range-bound conditions, while volume analysis highlights moments of extreme sentiment, such as solid buying or selling. Together, these elements provide traders with a comprehensive view of market strength, directional bias, and volume surges, which help filter out weaker signals.
Key Features
DMI Delta and Oscillator: The DMI indicator measures directional movement by comparing DI+ and DI- values. This difference (DMI Delta) is calculated and displayed as a histogram, visualizing changes in directional bias. When combined with ADX filtering, this histogram helps traders gauge the strength of momentum and spot directional shifts early. For instance, a rising histogram in a bearish price trend might signal a potential bullish reversal.
Volume Analysis with Extremes: Volume is monitored to reveal when market participation is unusually high, using a customizable multiplier to highlight significant volume spikes. These extreme levels are color-coded directly on the histogram, providing visual cues on whether buying or selling interest is particularly strong. Volume analysis adds depth to the directional insights from DMI, allowing traders to differentiate between regular and powerful moves.
ADX Trending Filter: The ADX component filters trends by measuring the overall strength of a price move, with a default threshold of 25. When ADX is above this level, it suggests that the market is trending strongly, making the DMI Delta readings more reliable. Below this threshold, the market is likely range-bound, cautioning traders that signals might not have as much follow-through.
Using the Indicator in Divergence Strategies
This indicator excels in divergence strategies by highlighting moments when price action diverges from directional momentum. Here’s how it aids in decision-making:
Bullish Divergence: If the price is falling to new lows while the DMI Delta histogram rises, it can indicate weakening bearish momentum and signal a potential price reversal to the upside.
Bearish Divergence: Conversely, if prices are climbing but the DMI Delta histogram falls, it may point to waning bullish momentum, suggesting a bearish reversal.
Visual Cues and Customization
The color-coded output enhances usability:
Bright Green/Red: Extreme volume with strong bullish or bearish signals, often at points of high potential for trend continuation or reversal.
Green/Red Shades: These shades reflect trending conditions (bullish or bearish) based on ADX, factoring in volume. Green signals a bullish trend, and red is a bearish trend.
Blue/Orange Shades: Indicates non-trending or weaker conditions, suggesting a more cautious approach in range-bound markets.
Customizable for Diverse Trading Styles
This indicator allows users to adjust settings like the ADX threshold and volume multiplier to optimize performance for various timeframes and strategies. Whether a trader prefers swing trading or intraday scalping, these parameters enable fine-tuning to enhance signal reliability across different market contexts.
Practical Usage Tips
Entry and Exit Signals: Use this indicator in conjunction with price action. Divergences between the price and DMI Delta histogram can reinforce entry or exit decisions.
Adjust Thresholds: Based on backtesting, customize the ADX Trending Threshold and Volume Multiplier to ensure optimal performance on different timeframes or trading styles.
In summary, this indicator is tailored for traders seeking a multi-dimensional approach to market analysis. It blends momentum, trend strength, and volume insights to support divergence-based strategies, helping traders confidently make informed decisions. Remember to validate signals through backtesting and use it alongside price action for the best results.
Engulfing Pattern & Impulse [UAlgo]The Engulfing Pattern & Impulse is a tool designed for technical traders who utilize price action and volume analysis to assess market trends and potential reversals. This indicator identifies two powerful trading signals: Engulfing Patterns and Volume Impulses, which are essential components for evaluating potential bullish or bearish market momentum.
Engulfing Patterns are classic candlestick formations often associated with reversals or trend continuations, depending on the overall trend context. This indicator highlights both bullish and bearish engulfing patterns based on configurable criteria such as trend detection settings, comparison with average body size, and a customizable body multiplier for validation. The Volume Impulse feature signals moments of significant volume compared to historical levels, which often precede substantial price movements. Together, these features provide traders with a versatile tool for better timing entry and exit points.
The indicator also offers an adaptive trend detection system, allowing traders to choose from multiple methods (e.g., SMA50 or SMA50/SMA200 combinations) to assess the trend context, making it ideal for various market conditions.
🔶Key Features
Engulfing Pattern Detection: Identifies bullish and bearish engulfing patterns with customizable parameters, including body length and average size comparison.
Configurable trend basis: Choose between SMA50 or SMA50 with SMA200 to define trend direction.
Body size multiplier: Adjust the size threshold for valid engulfing patterns, providing flexibility based on market conditions.
Volume Impulse Signal: Highlights volume spikes that meet or exceed a specified multiplier, which can indicate increased buying or selling interest.
Customizable volume period and multiplier: Allows you to tailor the volume impulse detection based on the instrument’s average volume behavior.
Trend Detection Options: Select different trend detection methods to suit various trading styles and instruments.
SMA50-based detection: Classifies the trend based on the position of price relative to the 50-period SMA.
SMA50 and SMA200 combination: Incorporates a dual-moving average approach, classifying trends based on the relationship between price, SMA50, and SMA200.
Enhanced Visualization: Distinguishes bullish and bearish signals with customizable colors, providing clear and immediate visual cues for easy interpretation.
Custom label colors: Allows you to set distinct colors for bullish, bearish, and neutral signals for quick identification.
Pattern filtering: Enable or disable specific patterns (Bullish, Bearish, or Both) based on your trading preferences.
🔶 Interpreting Indicator
Bullish Engulfing Pattern: Indicates a potential bullish reversal in a downtrend. This signal occurs when a white candlestick with a body size exceeding a specified multiplier completely engulfs the previous black candlestick. The pattern will display a “BE” label below the candle if it meets the criteria, signaling potential upward momentum.
Bearish Engulfing Pattern: Indicates a potential bearish reversal in an uptrend. A black candlestick with a body size exceeding the specified multiplier fully engulfs the previous white candlestick, signaling possible downward movement. The “BE” label appears above the candle to denote this pattern.
Volume Impulse Up: Displays a “VI” label below the candle when the volume surpasses the defined multiplier, and the price closes higher than it opened, indicating strong upward buying interest.
Volume Impulse Down: Displays a “VI” label above the candle when the volume meets or exceeds the specified threshold, and the price closes lower than it opened, signaling strong selling pressure.
Indicator uses the SMA50 and SMA200 to determine trend direction due to their popularity in technical analysis as indicators of medium- and long-term trends. The SMA50 reflects the average price over the past 50 periods, providing insight into intermediate trends, while the SMA200 is often used to identify the broader trend direction. These SMAs help traders quickly assess whether the market is in an uptrend, downtrend, or consolidation phase, enhancing decision-making for both short-term and long-term strategies.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
J Lines EMA + VWAPThe EMA + VWAP indicator combines the power of Exponential Moving Averages (EMA) with the Volume Weighted Average Price (VWAP) to help traders spot trends, identify potential entries/exits, and understand market momentum with ease. This dual-purpose tool is designed to give both beginner and experienced traders a clear view of price direction and volume influence, whether for day trading or swing trading.
Key Features:
Dynamic EMA Lines:
Six customizable moving averages (EMA by default) adapt to your selected timeframe. EMAs help track trend direction and strength, with various colors and opacity settings that visually separate them for clarity.
VWAP Tracking: A standalone VWAP line (blue) shows the average trading price adjusted for volume, making it ideal for pinpointing significant price levels where institutional interest often lies.
EMA Ribbons for Trend Confirmation: Soft-colored ribbons are placed between EMA pairs to make the trend strength visually apparent, with different color fills between lines. This makes it easy to gauge bullish or bearish conditions at a glance.
Flexible MA Options: Besides EMA, you can choose from SMA, WMA, HMA, and RMA, allowing you to adapt the indicator to various trading strategies.
This tool simplifies trend-following and volume-based analysis by giving you insight into both price momentum and market participation levels. EMAs adapt to volatility and changing market conditions, while the VWAP keeps you aware of critical price zones based on trading volume. Together, these help you stay on the right side of the market, avoid false breakouts, and make informed decisions on when to enter or exit trades.
Ideal for beginners due to its visual clarity and flexible enough for seasoned traders, EMA + VWAP is your go-to indicator for a structured approach to market trends.
Options Series - Technical Analysis Chart➤ Simple Technical Chart Only:
➤ With MA-20 Overlay and Volatility background bars:
➤ With RSI Candles:
⭐ Overview and How It Works:
This script provides a multi-asset analysis tool to assess various market conditions across four symbols simultaneously. It combines several indicators such as daily price change, Moving Averages (MA), Bollinger Bands (BB), Parabolic SAR, RSI, and VWAP to generate buy/sell signals and trend indicators. Its strength lies in the layered use of indicators to enhance signal reliability, making it valuable for traders needing cross-validation in decision-making.
⭐ Key Features and Functionality:
The script evaluates each symbol's price against various indicators and conditions:
Daily Price Conditions: It checks if each symbol’s close price is above or below the previous day’s open, close, and intra-day ranges, forming a foundational bullish/bearish condition.
Range Breakout 1st 5min Candle (ORB): Opening Range Breakout levels are calculated and compared with current close prices, detecting breakout/breakdown conditions.
ORB Body: This basically calculates the previous day Daily candle body size, if todays Daily candle body size is greater than previous day, then we can say that we are having good momentum else its likely to be in-sidebar trading.
Moving Averages (MA): It leverages EMA-20, 2-day, and 3-day exponential moving averages to gauge short to medium-term trends.
RSI and VWAP: Relative Strength Index (RSI) determines overbought or oversold conditions, while VWAP compares prices to volume-weighted levels.
Bollinger Bands and Trend Analysis: Detects volatility and potential breakout conditions.
Concept of ORB Body:
Current_PrevDay_Body = (math.max(var_Current_PrevD_Open, var_Current_PrevD_Close) - math.min(var_Current_PrevD_Open, var_Current_PrevD_Close))
Current_Upper_ORB = var_Current_D_Open + Current_PrevDay_Body
Current_Lower_ORB = var_Current_D_Open - Current_PrevDay_Body
Current_TodayDay_Body = math.max(var_Current_D_Open, var_Current_Close) - math.min(var_Current_D_Open, var_Current_Close)
Current_ORBBody = Current_TodayDay_Body > Current_PrevDay_Body
Current_Upper_ORB_bull = (var_Current_Close > Current_Upper_ORB)
Current_Lower_ORB_bear = (var_Current_Close < Current_Lower_ORB)
🎨 Visualizations and User Experience:
The script can dynamically display colored backgrounds indicating trends when conditions are met. For example, the bgcolor function changes the background when certain trend-based criteria are satisfied, offering visual cues to users. Additionally, the checkbox input toggles trend bar visualizations, enhancing user experience by providing a quick visual reference without needing to interpret individual data points manually.
RSI-Based Candle Coloring:
➤ The script customizes candle colors based on RSI thresholds, specifically defining upper (60) and lower (40) RSI levels. When the RSI value exceeds the upper threshold, candles are colored as bullish (green), and if it falls below the lower threshold, candles are colored as bearish (red). Neutral RSI values result in a default color (gray).
➤ This setup offers a visually intuitive way to identify potential trend directions based on RSI levels, making it ideal for traders looking to gauge momentum visually.
⭐ Settings and Customization:
With multiple user-configurable inputs, the script allows for tailored analysis. Customizable parameters, such as enabling/disabling trend bars and setting various look-back periods for indicators like Bollinger Bands and Moving Averages, make it adaptable to various trading styles and preferences. It also allows users to modify visual elements like colors and styles, improving flexibility.
⭐ Uniqueness of the Concept:
The unique aspect of this script is its multi-symbol approach combined with complex conditions. By comparing not only one but four symbols simultaneously, it provides a broader market view and allows traders to correlate signals across different assets, offering a potential edge for diversified or comparative strategies. Additionally, the incorporation of ORB and multi-timeframe MAs gives it a robustness often lacking in simpler single-symbol scripts.
🚀 Conclusion:
This script is a powerful multi-indicator tool suited for traders looking for a comparative, multi-symbol analysis. With features like ORB, Bollinger Band-based trend detection, and MA cross-verification, it can assist traders in identifying and validating trend signals across assets. The user-friendly visualizations and customizable settings further enhance its usability, making it versatile for various trading strategies and preferences.
Gap Finder with Box FillSetup and Inputs
The indicator checks the current and previous candles to find gaps, using a color input for filling the gap area on the chart.
Gap Detection:
If the current candle opens higher than the previous close and doesn’t overlap with the previous candle’s range, it marks this as a gap-up.
If the current candle opens lower than the previous close without overlap, it’s marked as a gap-down.
Drawing the Gap:
When a gap-up or gap-down is found, the script draws a box from the previous close to the current candle’s low or high, filling it with the chosen color.
Benefits
Visual Aid: The filled box highlights gaps, making them easy to spot on the chart.
Trade Signals: Gaps can show strong market moves, helping traders spot potential entries or watch for reversals.
Customizable: You can adjust the color to fit your chart style, making the gaps stand out clearly.
This simple tool gives traders a quick view of gaps, which are often key points of interest in technical analysis.
IQ Zones [TradingIQ]Hey Traders!
Introducing "IQ Zones".
"IQ Zones" is an indicator that combines support and resistance identification with volume, the "value area" of a candlestick to be exact. IQ Zones identifies turning points in the market; however, the candlestick high or low that formed the key turning point is not necessarily distinguished as the support/resistance area. Instead, the script looks into the bar at lower timeframes and calculates the value area of the candlestick that formed the support or resistance level. Therefore, any lines protruding from a candlestick reflect the value area of that candlestick. These levels (value area high and value area low) are marked on the candlestick as a support/resistance level. If the level formed on high volume it's marked as an "IQ Zone".
Additionally, IQ Zones presents a heat map to show volume intensity at nearby price areas. The heatmap is a product of the Volume Profile (IQ Profile) located on the right of the chart.
The IQ Profile is a segmented volume profile. Recent price is split into fifths (customizable), and individual volume profiles are calculated for all segmented price areas. Price is split into more than one segment to avoid a situation where volume in a ranging price zone far surpasses all other recent price areas - creating an "unusable" volume profile that doesn't offer helpful insights. If desired, you can set the segmenting option to "1" to calculate one unified volume profile for the entire price range.
The image above shows IQ Zones in action!
Core Features of IQ Zones
Value Area Support and Resistance Levels
Segmented volume profile for the recent trading period
Volume intensity heatmap
Support and resistance levels in high volume intensity may be more significant as price stoppers
The image above explains the labels marked along the y-axis of the IQ Profile.
The "more green" a price area/label is, the higher the volume intensity at the marked support/resistance area.
The image above further explains line lines protruding from the IQ Profile.
For this example, the value area of the candlestick (where most trading action occurred) is quite far from the high price of the candlestick that formed a resistance level! Using the value area of a candlestick that marks a key turning point to draw support/resistance offers insight into where the majority of trading action took place when the support/resistance level was forming!
Additionally, you can hover your mouse over the IQ Zone labels (triangles pointing up or down) to see the prices of the value area for the support/resistance level, including the total buying volume and total selling volume at the price area!
The image above further explains the IQ Profile!
You can segment the recent price area anywhere from 1 - 15 times.
The image above further explains IQ Zones and the IQ Profile!
That will be all for this indicator - a fun project to share with the community.
Thank you!
Accumulation Map [LuxAlgo]The Accumulation Map is a charting tool that tracks traded volume across all price levels within a specified period.
It highlights the relationship between an asset's price and traders' willingness to buy or sell, helping to identify accumulation zones.
These zones represent areas of significant trading activity and provide insights into potential support and resistance levels. The indicator displays these zones using a heatmap, offering a clear, visual representation of market sentiment and activity based on volume.
🔶 USAGE
The Accumulation Map shows the distribution of traded volume across different price levels over a specific period. The volume nodes are displayed as color gradients, each reflecting the accumulation level (trading activity) at that price range.
The heatmap visually represents accumulation areas on the chart with color gradients. This visualization helps traders easily spot areas of significant interest and potential support or resistance levels within the market.
Metric Display controls how accumulation metrics appear on the chart. Options include Level Value Ratio, Level Value Proportion, Combined View, or None.
Color Theme allows users to switch between different color themes.
🔶 SETTINGS
The script includes user-defined parameters to customize profiles. Each input in the indicator settings is provided with a tooltip explaining its usage.
🔹 Accumulation Map
Accumulation Map | Heatmap: Toggles the visibility of the Accumulation Profile | Heatmap.
Metric Display: Controls how accumulation metrics are displayed on the chart.
Color Theme: Switches between different color themes.
🔹 Style & Settings
High Accumulation Color and Threshold: Customize the color for zones with high accumulation, and set the percentage threshold for high accumulation areas (recommended 50%–99%).
Average Accumulation: Define the color for zones with average accumulation.
Low Accumulation: Customize the color for zones with low accumulation, with a threshold range of 10%–40%.
Number of Rows: Specify the number of rows the accumulation map will display.
Horizontal Offset: Controls the horizontal offset of the map relative to the most recent bar.
Profile Width (bars): Sets the profile width in bars.
Extend Calculation To The Right: Extends the calculation to the most recent bar
Anchor Points: Set the first and second anchor points for the map.
🔶 RELATED SCRIPTS
Money-Flow-Profile
MFI Strategy with Oversold Zone Exit and AveragingThis strategy is based on the Money Flow Index (MFI) and aims to enter a long position when the MFI exits an oversold zone, with specific rules for limit orders, stop-loss, and take-profit settings. Here's a detailed breakdown:
Key Components
1. **Money Flow Index (MFI)**: The strategy uses the MFI, a volume-weighted indicator, to gauge whether the market is in an oversold condition (default threshold of MFI < 20). Once the MFI rises above the oversold threshold, it signals a potential buying opportunity.
2. **Limit Order for Long Entry**: Instead of entering immediately after the oversold condition is cleared, the strategy places a limit order at a price slightly below the current price (by a user-defined percentage). This helps achieve a better entry price.
3. **Stop-Loss and Take-Profit**:
- **Stop-Loss**: A stop-loss is set to protect against significant losses, calculated as a percentage below the entry price.
- **Take-Profit**: A take-profit target is set as a percentage above the entry price to lock in gains.
4. **Order Cancellation**: If the limit order isn’t filled within a specific number of bars (default is 5 bars), it’s automatically canceled to avoid being filled at a potentially suboptimal price as market conditions change.
Strategy Workflow
1. **Identify Oversold Zone**: The strategy checks if the MFI falls below a defined oversold level (default is 20). Once this condition is met, the flag `inOversoldZone` is set to `true`.
2. **Wait for Exit from Oversold Zone**: When the MFI rises back above the oversold level, it’s considered a signal that the market is potentially recovering, and the strategy prepares to enter a position.
3. **Place Limit Order**: Upon exiting the oversold zone, the strategy places a limit order for a long position at a price below the current price, defined by the `Long Entry Percentage` parameter.
4. **Monitor Limit Order**: A counter (`barsSinceEntryOrder`) starts counting the bars since the limit order was placed. If the order isn’t filled within the specified number of bars, it’s canceled automatically.
5. **Set Stop-Loss and Take-Profit**: Once the order is filled, a stop-loss and take-profit are set based on user-defined percentages relative to the entry price.
6. **Exit Strategy**: The trade will close automatically when either the stop-loss or take-profit level is hit.
Advantages
- **Risk Management**: With configurable stop-loss and take-profit, the strategy ensures losses are limited while capturing profits at pre-defined levels.
- **Controlled Entry**: The use of a limit order below the current price helps secure a better entry point, enhancing risk-reward.
- **Oversold Exit Trigger**: Using the exit from an oversold zone as an entry condition can help catch reversals.
Disadvantages
- **Missed Entries**: If the limit order isn’t filled due to insufficient downward movement after the oversold signal, potential opportunities may be missed.
- **Dependency on MFI Sensitivity**: As the MFI is sensitive to both price and volume, its fluctuations might not always accurately represent oversold conditions.
Overall Purpose
The strategy is suited for traders who want to capture potential reversals after oversold conditions in the market, with a focus on precise entries, risk management, and an automated exit plan.
Mini ChartDescription:
The indicator displays a mini candlestick chart as a table. You can add up to 3 such charts and use different assets / timeframes in any of them. Each chart can have a max of 15-20 candles (depending on the settings). You can customise the colors and styles, including price scale, grid and a volume chart. If you hover on any displayed candle, you will see price and volume info for that candle. The candles can also be highlighted based on price or volume. The indicator can display data from both higher and lower timeframes, but is not updating very quickly if you display too many candles.
Inputs:
Each mini chart has inputs for:
- Number of candles
- Timeframe
- Asset
- Table position
- Table height
- Grid resolution
- Left and Right price scales
- Candle highlighting (which can be based on Min/Max price, Min/Max Volume, Rising/Falling Volume)
- And a checkbox for displaying volume chart below the candles
Below those inputs you have inputs for customising all the mini charts with the following:
- Header and Footer info
- Colors and styles of the charts, candles and price scales
- Sizing and spacing of the candles
- Height of the volume chart and padding of the price chart
Note:
The indicator utilises "table" objects. The limit of table cells for a chart is 10,000. Thus, the more candles you display in the mini charts, the more laggy the indicator will feel, and at some point you may surpass the 10,000 cells limit, at which point you're going to get an error.
The indicator might not update very quickly, especially if you're using data from lower timeframes.
Austin's Apex AcceleratorIndicator Name: Austin’s Apex Accelerator
Overview
The Austin’s Apex Accelerator is a highly aggressive trading indicator designed specifically for high-frequency Forex trading. It combines several technical analysis tools to identify rapid entry and exit points, making it well-suited for intraday or even lower timeframe trades. The indicator leverages a combination of exponential moving averages (EMAs), Bollinger Bands, volume filters, and volatility-adjusted ranges to detect breakout opportunities and manage risk with precision.
Core Components
Fast and Slow EMAs: The two EMAs act as trend and momentum indicators. When the shorter EMA crosses the longer EMA, it signals a change in momentum. The crossover of these EMAs often indicates a potential entry point, especially when combined with volume and volatility filters.
ATR-Based Range Filter: Using the Average True Range (ATR) for dynamic range calculation, the indicator adapts to market volatility. Higher ATR values widen the range, helping the indicator adjust for volatile conditions.
Volume Filter: A volume condition ensures that buy and sell signals only trigger when there’s significant market interest, reducing the likelihood of false signals in low-liquidity environments.
Bollinger Bands: The Bollinger Bands provide additional context for potential overbought or oversold conditions, highlighting opportunities for price reversals or trend continuations.
Key Features
Aggressive Buy and Sell Signals:
Buy Signal: A buy signal is generated when the fast EMA crosses above the slow EMA, confirming bullish momentum, and the volume condition is met. If the price is also near the lower Bollinger Band, it adds further confirmation of an oversold condition.
Sell Signal: A sell signal is generated when the fast EMA crosses below the slow EMA, confirming bearish momentum, with sufficient trading volume. If the price is near the upper Bollinger Band, it signals a potential overbought condition, which supports the sell signal.
Dynamic Range with ATR:
The indicator uses a volatility-based range, derived from the ATR, to adjust the signal sensitivity based on recent price fluctuations. This dynamic range ensures that signals are responsive in both high and low volatility conditions.
The range’s upper and lower bands act as thresholds, with trades often occurring when the price breaches these levels, signaling momentum shifts or trend reversals.
Trend Background Color:
A green background highlights bullish trends when the fast EMA is above the slow EMA.
A red background signifies bearish trends when the fast EMA is below the slow EMA, providing a visual indication of the overall market trend direction.
Trend Line:
The indicator plots a dynamic trend line that changes color based on the price's relationship to the EMAs, helping traders quickly assess the current trend’s strength and direction.
Alerts:
The indicator includes configurable alerts for buy and sell signals, allowing traders to be notified of entry opportunities without needing to monitor the chart continuously.
How to Use Austin’s Apex Accelerator
Identify Entry Points:
Buy Entry: When the fast EMA crosses above the slow EMA, a buy signal is triggered. Confirm this signal by checking if the price is near or below the lower Bollinger Band (indicating an oversold condition) and if trading volume meets the set threshold.
Sell Entry: When the fast EMA crosses below the slow EMA, a sell signal is triggered. Confirm the signal by ensuring the price is near or above the upper Bollinger Band (suggesting an overbought condition) and that volume is sufficient.
Exit Strategy:
Take Profit: The take profit level is calculated as 1.5 times the ATR from the entry point. This ensures that each trade aims to achieve a positive risk/reward ratio.
Stop Loss: The stop loss is set at 1 ATR from the entry, providing a tight risk control mechanism that limits potential losses on each trade.
Trend Identification and Background Colors:
Use the background colors to assess the trend direction. A green background indicates a bullish trend, while a red background suggests a bearish trend. These colors can help you filter signals that go against the trend, increasing the chances of a successful trade.
Volume Confirmation:
This indicator has an inbuilt volume filter to prevent trading in low-volume conditions. Look for signals only when volume exceeds the average volume threshold, which is set by the multiplier. This helps avoid trading during quieter times when false signals are more likely.
Alerts:
Set up alerts for buy and sell signals to be notified in real-time whenever a new trading opportunity arises, so you can act on high-quality signals promptly.
Practical Tips for Using Austin’s Apex Accelerator
Timeframe: Best suited for short timeframes such as 5-minute or 15-minute charts for high-frequency trading.
Volume StatsDescription:
Volume Stats displays volume data and statistics for every day of the year, and is designed to work on "1D" timeframe. The data is displayed in a table with columns being months of the year, and rows being days of each month. By default, latest data is displayed, but you have an option to switch to data of the previous year as well.
The statistics displayed for each day is:
- volume
- % of total yearly volume
- % of total monthly volume
The statistics displayed for each column (month) is:
- monthly volume
- % of total yearly volume
- sentiment (was there more bullish or bearish volume?)
- min volume (on which day of the month was the min volume)
- max volume (on which day of the month was the max volume)
The cells change their colors depending on whether the volume is bullish or bearish, and what % of total volume the current cell has (either yearly or monthly). The header cells also change their color (based either on sentiment or what % of yearly volume the current month has).
This is the first (and free) version of the indicator, and I'm planning to create a "PRO" version of this indicator in future.
Parameters:
- Timezone
- Cell data -> which data to display in the cells (no data, volume or percentage)
- Highlight min and max volume -> if checked, cells with min and max volume (either monthly or yearly) will be highlighted with a dot or letter (depending on the "Cell data" input)
- Cell stats mode -> which data to use for color and % calculation (All data = yearly, Column = monthly)
- Display data from previous year -> if checked, the data from previous year will be used
- Header color is calculated from -> either sentiment or % of the yearly volume
- Reverse theme -> the table colors are automatically changed based on the "Dark mode" of Tradingview, this checkbox reverses the logic (so that darker colors will be used when "Dark mode" is off, and lighter colors when it's on)
- Hide logo -> hides the cat logo (PLEASE DO NOT HIDE THE CAT)
Conclusion:
Let me know what you think of the indicator. As I said, I'm planning to make a PRO version with more features, for which I already have some ideas, but if you have any suggestions, please let me know.
Nova Volume Indicator (NVI) by SplitzMagicNova Volume Indicator
The Nova Volume Indicator is an innovative trading tool designed to enhance your trading strategy by analysing volume momentum and market dynamics. This indicator empowers traders to make informed decisions by providing clear and actionable buy and sell signals based on real-time data.
How It Works:
The Nova Volume Indicator utilizes advanced algorithms to assess volume changes and price movements. Key features include:
Volume Momentum Calculation: By evaluating the relationship between price changes and volume, the indicator identifies significant momentum shifts, enabling traders to pinpoint entry and exit points with precision.
Trend Direction Filter: The indicator includes a price filter that determines the prevailing market trend based on a moving average. This ensures that trades align with the overall market direction, enhancing the probability of success.
Alert System: With customizable alert thresholds, users receive notifications when momentum crosses defined levels, keeping them informed of potential trading opportunities without the need for constant monitoring.
No Trade Signal: A black background on the histogram indicates that there are no valid trading opportunities at that moment. Use this feature to avoid entering trades during uncertain market conditions.
How to Use the Nova Volume Indicator for Entries:
Identifying the Trend: Before making any trades, check the indicator's trend direction. If the price is above the moving average, focus on bullish signals; if below, look for bearish signals.
Spotting Entries:
Buy Signal: Look for a green histogram bar indicating positive volume momentum. Enter a trade at the close of the candle when the momentum score exceeds your alert threshold and the price is above the moving average.
Sell Signal: A red histogram bar signals negative volume momentum. Enter a short position at the close of the candle when the momentum score falls below the alert threshold and the price is below the moving average.
Setting Stops and Targets: Place your stop-loss below the recent swing low for buy trades or above the recent swing high for sell trades. Aim for a minimum 1:2 risk-to-reward ratio to maximize your profitability.
Customizable Settings:
The Nova Volume Indicator offers several input settings to help you tailor the indicator to your unique trading style:
Signal Period: Adjust the period for calculating the signal line (EMA of momentum score). A shorter period reacts quickly, while a longer one smooths the signals.
Volatility Period: Control the lookback period for assessing market volatility. Shorter periods capture recent fluctuations, and longer periods provide a broader view of price behavior.
Price Filter MA Length: Set the period for the moving average used to filter trades based on price action, helping determine the trend direction.
Alert Threshold: Define the level at which the indicator signals potential buying or selling opportunities. Customize this setting to suit your trading preferences.
The Nova Volume Indicator is a powerful addition to any trader’s toolkit, designed to simplify decision-making and improve trading outcomes. Whether you're a beginner or a seasoned trader, this indicator offers the insights you need to navigate the markets confidently. Explore its customizable features to create a unique trading experience tailored to your needs. Start using the Nova Volume Indicator today and elevate your trading journey!
Any questions you may have or if you have anything to input to improve this then please leave a comment.
Trendfilter AD2Trendfilter AD2
What It Is: The Trendfilter AD2 is a versatile technical indicator that combines multiple analysis methods, including Bollinger Bands, Larry Williams' Accumulation/Distribution method, and Swing Volatility. It aims to detect market trends early, identify trend changes, and measure market volatility.
What It Does:
The Trendfilter AD2 provides comprehensive market analysis features:
Trend Direction and Changes: The indicator uses the Signal Line in conjunction with Bollinger Bands to give early indications of potential trend changes.
Accumulation/Distribution by Larry Williams: This method helps assess market strength and determine direction.
Swing Volatility: The indicator calculates swing volatility based on short-term highs and lows and uses this to define a volatility range.
Divergence Analysis: The indicator allows for manual detection of divergences to identify potential trend reversals.
How to Use It:
Bollinger Bands and Signal Line:
Bollinger Bands consist of an upper band, a middle line, and a lower band. The middle line represents the moving average of the Signal Line.
The Signal Line is calculated based on swing volatility and price differences. A breakout of the Signal Line through the middle line can provide early signals of trend changes:
Breakout Upwards: Indicates a potential beginning of an uptrend.
Breakout Downwards: Indicates a potential beginning of a downtrend.
Accumulation/Distribution by Larry Williams:
This method evaluates market strength and direction based on price movements. Accumulation occurs when the close is above the previous close, while Distribution occurs when the close is below the previous close.
Swing Volatility:
The indicator calculates swing volatility based on short-term highs and lows. This volatility is used to define the Bollinger Band ranges, helping to identify and interpret volatile market phases.
Divergence Analysis:
Divergences must be manually identified. To do this, compare price movements with the calculated momentum or volatility line:
Bullish Divergence: Occurs when the price makes new lows while the indicator forms higher lows. This may indicate a potential upward trend reversal.
Bearish Divergence: Occurs when the price makes new highs while the indicator forms lower highs. This may indicate a potential downward trend reversal.
This indicator is particularly useful for traders looking for early signals of trend changes, those wanting to analyze market volatility, and for those who need to manually identify divergences.
This indicator also identifies and displays 8 different candlestick patterns, offering traders additional insights into price action.
Disclaimer
This indicator is for educational and informational purposes only and should not be considered financial advice. Past performance of any trading strategy is not indicative of future results. Trading involves significant risk, and you should only trade with funds that you are prepared to lose. Always conduct your own analysis and consult a professional financial advisor if needed.
Volume Disharmony IndicatorThis indicator is designed to detect imbalanced volume compared to the open/close of the corresponding candle body. The idea is that institutions often trade in higher volume within a smaller price range. Identifying these can give an indication if there is a rally or selloff happening. The code looks at the median of all the prior candles from the point of the last trigger and compares them to the range in body of the candles in order to dynamically find a baseline, by which imbalances can be more accurately detected throughout changing market conditions.
Up/Down Volume with Normal DistributionThis indicator analyzes the relationship between price movements and trading volume by distinguishing between "up" and "down" volume. Up volume refers to trading volume occurring during price increases, while down volume refers to trading volume during price decreases. The indicator calculates the mean and standard deviation for both up and down volume over a specified length. This statistical approach enables traders to visualize volume deviations from the average, highlighting potential market anomalies that could signal trading opportunities.
Relationship Between Price and Volume
Volume is a critical metric in technical analysis, often considered a leading indicator of price movements. According to studies in financial economics, significant price changes accompanied by high volume tend to indicate strong market conviction (Wyart et al., 2008). Conversely, price changes on low volume may suggest a lack of interest or conviction, making those moves less reliable.
The relationship between price and volume can be summarized as follows:
Confirmation of Trends: High volume accompanying a price increase often confirms an upward trend. Similarly, high volume during price declines indicates bearish sentiment.
Reversals and Exhaustion: Decreases in volume during price increases may suggest a potential reversal or exhaustion of buying pressure, while increased volume during declines can indicate capitulation.
Breakouts: Price movements that break through significant resistance or support levels accompanied by high volume are typically more significant and suggest stronger follow-through in the new direction.
Developing a Trading Strategy
Traders can leverage the insights gained from this relationship to formulate a trading strategy based on volume analysis:
Entry Signals: Traders can enter long positions when the up volume significantly exceeds the mean by a predefined number of standard deviations. This situation indicates strong buying interest. Conversely, short positions can be initiated when down volume exceeds the mean by a specified standard deviation.
Exit Signals: Exiting positions can be based on changes in volume patterns. If the volume starts to decrease significantly after a price increase, this may signal a potential reversal or the need to lock in profits.
Risk Management: Integrating volume analysis with other technical indicators, such as moving averages or RSI, can provide a more comprehensive risk management framework, enhancing the overall effectiveness of the strategy.
In conclusion, understanding the relationship between price and volume, alongside employing statistical measures like the mean and standard deviation, enables traders to create more robust trading strategies that capitalize on market movements.
References
Wyart, M., Bouchaud, J.-P., & Dacorogna, M. (2008). "Self-organized volatility in a complicated market." European Physical Journal B, 61(2), 195-203. doi:10.1140
Volume-Adjusted Schaff Trend Cycle (VASTC)Volume-Adjusted Schaff Trend Cycle (VASTC)
The VASTC is a fairly fast-moving oscillator designed to identify trends early and signal when trends may be nearing their end. While it can be used for both trend-following and mean-reversion strategies , it shines in trend-following setups. It’s particularly useful for catching the start of a trend and giving early warnings that a trend might end soon, making it a valuable addition to a multi-indicator system.
How It Works:
The VASTC adapts the traditional Schaff Trend Cycle by adjusting the MACD component with volume data. This volume-adjusted MACD is run through two stochastic processes , applying exponential smoothing to enhance responsiveness. Volume sensitivity allows the VASTC to adapt dynamically to periods of high or low trading activity, providing more reliable trend signals.
Recommended Use:
Use VASTC in confluence with other indicators to confirm trend entries and exits. It’s best for identifying early trend setups rather than sustaining prolonged trend trades. When used alongside other indicators, especially those with a longer-term outlook or momentum based trend indicators, you’ll gain a clearer signal for potential exits or entries. Always backtest the VASTC on your chosen assets to determine the most effective input parameters, as the defaults may not suit all markets or assets. Different assets behave differently, and adjustments in parameters can improve its ability to analyze the assets you're looking at.
Parameters:
Length : Sets the primary smoothing length.
Fast/Slow Length : Adjust the speed of the volume-adjusted MACD component.
Factor : Controls the final smoothing applied to the STC.
Overbought/Oversold Levels : Defines overbought/oversold levels.
Experiment with these settings to customize the VASTC to your trading strategy and asset.
Disclaimer : This indicator is a tool to complement your trading analysis and should not be used in isolation. Always backtest and use other confluence signals for best results. The assets I looked at when making this indicator are almost certainly different than what you're looking at.
VWAP it GOODWhy: Instead of having 5 individual VWAP indicators, I found it beneficial for one view with a clean display. This VWAP indicator combines the daily, weekly, monthly, quarterly and annual into one color coded view. These colors and styles can be modified by the user.
A user can turn any timeframe off, but this is how I personally like to trade since it helps me better understand potential bounce or pullback areas.
Do your own research for what is best for you.
Advanced VWAP [CryptoSea]The Advanced VWAP is a comprehensive volume-weighted average price (VWAP) tool designed to provide traders with a deeper understanding of market trends through multi-layered VWAP analysis. This indicator is ideal for those who want to track price movements in relation to VWAP bands and detect key market levels with greater precision.
Key Features
Multi-Timeframe VWAP Bands: Includes multiple VWAP bands with different lookback periods (5, 10, 25, and 50), allowing traders to observe short-term and long-term price behavior.
Smoothed Band Options: Offers optional smoothing of VWAP bands to reduce noise and highlight significant trends more clearly.
Dynamic Median Line Display: Plots the median line of the VWAP bands, providing a reference for price movements and potential reversal zones.
VWAP Trend Strength Calculation: Measures the strength of the trend based on the price's position relative to the VWAP bands, normalized between -1 and 1 for easier interpretation.
In the example below we can see the VWAP Forecastd Cloud, which consists of multiple layers of VWAP bands with varying lookback periods, creating a dynamic forecast visualization. The cloud structure represents potential future price ranges by projecting VWAP-based bands outward, with darker areas indicating higher density and overlap of the bands, suggesting stronger support or resistance zones. This approach helps traders anticipate price movement and identify areas of potential consolidation or breakout as the price interacts with different layers of the forecast cloud.
How it Works
VWAP Calculation: Utilizes multiple VWAP calculations based on various lookback periods to capture a broad range of price behaviors. The indicator adapts to different market conditions by switching between short-term and long-term VWAP references.
Smoothing Algorithms: Provides the ability to smooth the VWAP bands using different moving average types (SMA, EMA, SMMA, WMA, VWMA) to suit various trading strategies and reduce market noise.
Trend Strength Analysis: Computes the trend strength based on the price's distance from the VWAP bands, with a value range of -1 to 1. This feature helps traders identify the intensity of uptrends and downtrends.
Alert Conditions: Includes alert options for crossing above or below the smoothed median line, as well as touching the smoothed upper or lower bands, providing timely notifications for potential trading opportunities.
This image below illustrates the use of smoothed VWAP bands, which provide a cleaner representation of the price's relationship to the VWAP by reducing market noise. The smoothed bands create a flowing cloud-like structure, making it easier to observe significant trends and potential reversal points. The circles highlight areas where the price interacts with the smoothed bands, indicating potential key levels for trend continuation or reversal. This setup helps traders focus on meaningful movements and filter out minor fluctuations, improving the identification of strategic entry and exit points based on smoother trend signals.
Application
Strategic Entry and Exit Points: Helps traders identify optimal entry and exit points based on the interaction with VWAP bands and trend strength readings.
Trend Confirmation: Assists in confirming trend strength by analyzing price movements relative to the VWAP bands and detecting significant breaks or touches.
Customized Analysis: Supports a wide range of trading styles by offering adjustable smoothing, band settings, and alert conditions to meet specific trading needs.
The Advanced VWAP by is a valuable addition to any trader's toolkit, offering versatile features to navigate different market scenarios with confidence. Whether used for day trading or longer-term analysis, this tool enhances decision-making by providing a robust view of price behavior relative to VWAP levels.
Layered Volume Delta (LVD) BarsThis volume indicator shows buying and selling delta pressure in each bar.
ShuffleOverview
This TV script is designed to assist traders by visually marking key price levels and identifying potential trading opportunities on their charts. The script highlights the previous day's, week's, and month's highs and lows, as well as hourly fair value gaps. By providing clear visual indicators, traders can make more informed decisions based on significant price movements and gaps in the market.
Features
1. Previous Day Highs and Lows
Highs and Lows: Automatically plots the highest and lowest price points from the previous trading day.
Visual Indicators: Uses distinct colors and lines to differentiate between highs and lows for easy identification.
Alerts: Optional alerts when current price approaches these levels.
2. Weekly Highs and Lows
Weekly Range: Marks the highest and lowest prices of the current week.
Trend Analysis: Helps in identifying the overall trend direction based on weekly extremes.
Support and Resistance: Acts as dynamic support and resistance levels for potential trade setups.
3. Monthly Highs and Lows
Monthly Extremes: Highlights the highest and lowest prices recorded in the current month.
Long-Term Perspective: Provides insights into long-term market sentiment and potential major support/resistance zones.
Investment Decisions: Aids in making strategic investment decisions based on significant monthly price movements.
4. Hourly Fair Value Gaps
Fair Value Gaps (FVG): Identifies gaps between the high of one hour and the low of the next hour where no trading has occurred.
Price Retracement: Marks areas where price is likely to retrace to fill these gaps, offering potential entry points.
Gap Analysis: Assists in understanding market inefficiencies and potential price corrections.
