The Pine Script® developers have unleashed "maps"! Volume Profile (Maps) displays volume, associated with price, above and below the latest price, by using maps The largest and second-largest volume is highlighted. 🔶 USAGE The proposed script can highlight more frequent closing prices/prices with the highest volume, potentially highlighting more liquid...
The indicator calculates a time-decayed moving sum of volume data for both bullish (green) and bearish (red) candles. It then generates a volume share oscillator as a smoothed and weighted (time-decayed) moving sum of bullish volume (positive share) or bearish volume (negative share) relative to the total volume. The volume share is displayed as an area chart...
This indicator plots the Volume Weighted Average Price (VWAP) as well as changes the bar color if the current price is above or below VWAP, for quick visual reference. Background Information Straight from TradingView, "Volume Weighted Average Price (VWAP) is a technical analysis tool used to measure the average price weighted by volume. VWAP is typically used...
The Liquidity Levels/Voids (VP) is a script designed to detect liquidity voids & levels by measuring traded volume at all price levels on the market between two swing points and highlighting the distribution of the liquidity voids & levels at specific price levels. 🔶 USAGE Liquidity is a fundamental market force that shapes the trajectory of...
Hello! Just a quick/fun project here: "Dynamic Heatmap". This script draws a volume delta or open interest delta heatmap for the asset on your chart. The adjective "Dynamic" is used for two reasons (: 1: Self-Adjusting Lower Timeframe Data The script requests ~10 lower timeframe volume and open interest data sets. When using the fixed range feature the...
The Omega Oscillator is a toolkit designed to help both experienced and new traders with their trading decisions. This indicator is a part of the omega toolkit, and his creation method is based on the concept that every trading strategy should have a way to determine the trend, or the bias, that answers the question “long or short?”; the location, which...
The Omega Trend and Signal indicator is a toolkit designed to help both experienced and new traders with their trading decisions. This indicator is a part of the omega toolkit, and his creation method is based on the concept that every trading strategy should have a way to determine the trend, or the bias, that answers the question “long or short?”; the location,...
The PTS Divergence Finder Sell Indicator by Roger Medcalf of Precision Trading Systems. Bearish - Sell Indications only. First and foremost, I have been asked many times why I did not provide a sell divergence indicator while happily providing a buy signal divergence finder for many years. I gave the answer that sell divergences are less reliable than the buy...
█ Overview The Volume SuperTrend AI is an advanced technical indicator used to predict trends in price movements by utilizing a combination of traditional SuperTrend calculation and AI techniques, particularly the k-nearest neighbors (KNN) algorithm. The Volume SuperTrend AI is designed to provide traders with insights into potential market trends, using...
ToolKit: First Impressions for Securities; (like crime scene investigators) 🧐 Our first job is to understand "What did happen here?" (historically, like Price Ranges or Price Performances) 🤔 Secondly, we try to figure out "where are we now?" (like common indicators or Moving Averages) 🤔 Then "What was the chain of events?" (macro, local, fundamentals, shorts,...
PTS Demand Index Indicator for Trading View coded by Precision Trading Systems This is a complex volume-based indicator which has powerful applications as a leading indicator. It belongs in Subgraph two under the chart. It ranges from minus 50 to plus 50 hence the reason that zero is significant in its interpretations. On a regular daily chart of a stock you...
What the Script Does: The indicator aims to identify potential trend reversal points using the following steps: Input Parameters: The script has three main input parameters that you can adjust: relative_volume_threshold: This parameter sets the threshold for what is considered an exceptional volume spike in relation to the average volume. ...
Happy Independence Day..!! ------------------------------------------------------------------------ This indicator is based on the concept shared by "learntotrade365" to Find Intraday Direction for Index. To decide the direction of Index we check whether the constituent Stocks are trading above VWAP or below VWAP. Lets Consider Banknifty Example. Banknifty...
The Fib Levels With Volume Profile and Targets (FIVP) is a trading tool designed to provide traders with a unique understanding of price movement and trading volume through the lens of Fibonacci levels. This dynamic indicator merges the concepts of Fibonacci retracement levels with trading volume analytics to offer predictive insights into potential price...
OBV Oscillator Volume Filter Introduction The On-Balance Volume (OBV) is a widely-used technical indicator that aims to relate price and volume in trading. Price and volume are two of the most basic and yet crucial concepts in price movement. Together, they can reveal a lot about the instruments trends and the market's sentiment. This On Balance Volume (OBV)...
PS MODS : This indicator calculate the levels based on IndiaVIX, volumes on FnO, cofficient and factor to reach on the level. Hope this can help you to understand the functionality of this Indicator This indicator is used for draw levels or "Magic Levels/Lines" for Nifty, Bank Nifty and FnO futures, based on volatility (indiavix) calculations. This powerful...
This indicator "Market Sessions and TPO (+Forecast)" shows various market sessions alongside a TPO profile (presented as the traditional lettering system or as bars) and price forecast for the duration of the session. Additionally, numerous statistics for the session are shown. Features Session open and close times presented in boxes Session pre market...
The trend change detector oscillator is a tool designed to help traders identify the current trend direction paired with the potential reversal zones. The oscillator is made of multiple parts: - The colored histogram, that displays the current long-term trend direction (long if above 0, short if below) - The trend line, which shows the price in relation to the...