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Price Volume Trend (PVT)

Accumulation/Distribution Level (ADL) [Cyrus c|:D]This indicator shows Accumulation/Distribution level which can be used for confirming trends or reversals (via divergence). It is an alternative to Chaikin's Accumulation/Distribution Line (ADL) and On Balance Volume (OBV) indicators. It can also replicate PVT and OBV via options in the input menu. Here is a comparison of four related indicators: OBV is too simple and has serious flaws as explained in PVT's wiki. Chaikin's ADL is a broken indicator as can be seen in the chart below: A/D Level addresses the flaws in these two indicators. It simply sums up portions of the volume that contributes to price change. These portions are visualized in dark green and red on "Accumulation/Distribution Volume (ADV)" indicator. This can also be achieved by ADV indicator if you are nerd enough. PS: There is Williams A/D as well which is also a broken indicator.
Pine Script™ indicator
by cI8DH
15
Accumulation/Distribution VolumeThis is a simple yet powerful indicator that can replace volume, Money Flow, Chaikin Money Flow, Price Volume Trend (PVT), Accumulation/Distribution Line (ADL), On Balance Volume (OBV). When "Baseline Chart" option is disabled, it looks similar to regular volume. The volume bars has two shades of green and red. The dark shade shows amount of accumulation and the light shade shows total volume (what you see on a regular volume indicator). Blue line is the moving average (or cumulative total) of A/D and the gray line is for total volume. When money volume is enabled, volume it multiplied by price. As you can see in the chart below, trade volume in terms of USD was declining after ATH. This is not the case in regular volume chart which shows instrument volume (chart above). In Baseline view, the aggregation method you choose can turn it into different indicators. With EMA/SMA aggregation, blue and gray line shows buy/sell pressure. At 0, there is not buy or sell pressure. If you turn off volume bars (from style menu), it gives you a reliable indicator to measure divergence. This should be more reliable than most other range-bound indicators (i.e. RSI, MFI, CMF). I will publish a TA about correctly measuring divergence (it's a must read even if you are a pro trader). Make sure that the length is set to a large number on smaller TFs such as 4h. For following results, set aggregation to cumulative and turn off money volume: When wick weight=0, the GRAY line is identical to OBV indicator. When normalized by spread and wick weight=10, the BLUE line is identical to ADL (improved by true range). When normalized by previous bar price, wick weight=0, the BLUE line is identical to PVT. How I use this indicator: - Baseline chart, replaced my regular volume indicator - Mostly 4h TF for divergence - EMA aggregation (and occasional cumulative aggregation) with length above 50. I change the length to 100 and 200 for confirmation. - Wick weight=0 or max 2. With this indicator, you can learn how different indicators are built and how they are different from each other. I will publish a TA to explain more about different indicators and their pros and cons. I will publish this indicator without volume bars and additional options to make it range bound.
Pine Script™ indicator
by cI8DH
36
DepthHouse Better VolumeDepthHouse Better Volume takes the standard volume bars and gives it an extreme overhaul. The brighter colored bars signal strong buying or selling pressure in the market based on the volume. The small lines within the columns represent the duration of this increased buying and selling volume. This calculation is based on negative and positive volume flow. These variables are based on the moving average length, type, and percent change. All of which are user defined. DepthHouse Better Volume also changes how each bar color is calculated. The traditional calculation is dependent on the open and close of the candle. Whereas this volume indicator calculates the displayed color based on the position of the bar relevant to the last. The user has the option to turn this feature on or off. Try this indicator for FREE! Just leave a comment, or feel free to send me a PM
Pine Script™ indicator
by oh92
123
BottomFinder MTF Madness - 5x MTF Grid IndicatorsHello Again Trading View! Bottom Finder Team here bringing another delicious indicator, this time to help spot those trends! This version is closed for Beta Testing with our subscribers only for the next few weeks. After beta improvements it will be released free to anyone who signs up as a free member on our site. This is meant to be used on the 15m timeframe, and it looks up into higher TF's. It is meant to be maximized, so have this open in one tab and the chart on another. Dual Monitors are best. All options and Time frames are fully configurable inputs. Indicators from top to bottom are: 1.)Polarity Filtration - 6 Timeframes 2.)Price Volume Trend - 4 Timeframes 3.)Stochastic RSI - 4 Timeframe Grid, and Current Timeframe in lines/ribbons 4.)MACD Crossovers - 8 Timeframes 5.)SuperTrend - 4 Timeframes And last... 6.)Background Color indicator is up/down (green/red) price on 1 Hour Heiken Ashi candle chart. No more swapping back and forth between timeframes! For access to this and many other exclusive indicators - you can visit our telegram and ask about becoming a subscriber. All our paid indicators have a reasonable lifetime cap price. Once you reach it, indicator is yours for life - no more subscription.
Pine Script™ indicator
by theheirophant
24
Volume Strength Candles / Colored BarsIs Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback (Strong or Weak Bulls // Strong or Weak Bears) Candles / Bars Indicate the Following (default 13 period lookback / Length) MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume RED Bear Candle while VOLUME is BETWEEN 50% & 150% of the Lookback / Length (13 default), Neutral Bear Volume Neither strong or weak ORANGE Bear Candle with WEAK VOLUME (Less than 50% of the Length / Lookback) DARK GREEN Bull Candle with STRONG VOLUME MORE than 150% of lookback GREEN Bull Candle with Neutral VOLUME BETWEEN 50% & 150% of the lookback / Length AQUA Bull Candle with WEAK VOLUME less than 50% of the Lookback Is price confirmed by volume? Can Change the Lookback / Length from 13 Can Change the Colors and Transparency to easily see based off your chart background colors I recommend ZERO Transparency to easily identify volume strength (i use white background but many use black or other)
Pine Script™ indicator
by stokedstocks
3
Volume Indicator VSidea take from Alexander Elder, author of: The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management Meaning of colouring: - Green bar Volume: If we look back certain numbers of volume bars, higher close price and higher volume. - Blue bar Volume: If we look back certain numbers of volume bars, higher close price and lower volume. - Red bar Volume: If we look back certain numbers of volume bars, lower close price and higher volume. - Orange bar Volume: If we look back certain numbers of volume bars, lower close prince and lower volume. - Grey bar Volume: If we look back certain numbers of volume bars, same price and same volume.
Pine Script™ indicator
by vitalizzy
3
PVT OscillatorThis is the non-accumulating portion of the price-volume trend (PVT)--the amount by which PVT would change each bar--which I have turned into a zero-centered oscillator. The plot is a 9-day EMA of the PVT change, multiplied by 1000 for readability, with lime/red corresponding to whether the actual PVT increased or decreased for that bar. As always, the length of this moving average is adjustable, as is the source of price(s) to use--open, close, high, low, HL2, HLC3, or OHLC4.
Pine Script™ indicator
by Lemrin
6
Crypto Money Flow RatioThis indicator shows you the movement of buyers and sellers in the market. Combined with other indicators like Stochastic RSI it can be a very powerful early indicator to buy and exit. In this example, there are two moving averages applied to the indicator (at the bottom). Once the Fast crosses the Slow and the area is above both - this tells you the major market players are accumulating and you should be looking to long. In addition, Stochastic RSI is also oversold and Ichimoku shows price above the cloud - all confluence on a long trade. As you can see, in the next hour price rocketed. This size of move isn't always common, and this move may have been due to news. Even if so, people were aware and started buying and you could see it happen. Another example here with DASH. In this example, you can see there was a previous bull move that we applied a fib to and had a 38% retracement. We bought on the indicator cross and ratio above averages with a target of a 38% extension. It hit almost exactly and we closed out. To apply this to other currencies, change the settings. For example, for ETHUSD - change the setting from BTC to ETH. BITFINEX:BTCUSD
Pine Script™ indicator
by alsop
11