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Trade Calculator {Phanchai}Trade Calculator 🧮 {Phanchai} — Documentation A lightweight sizing helper for TradingView that turns your risk per trade into an estimated maximum nominal position size — using the most recent chart low as your stop reference. Built for speed and clarity right on the chart. Key Features Clean on-chart info table with configurable font size and position. Row toggles: show/hide each line (Price, Last Low, Risk per Trade, Entry − Low, SL to Low %, Max. Nominal Value in USDT). Configurable low reference: Last N bars or Running since load . Low label placed exactly at the wick of the lowest bar (no horizontal line). Custom padding: add extra rows above/below and blank columns left/right (with custom whitespace/text fillers) to fine-tune layout. Integer display for Risk per Trade (USDT) and Max. Nominal Value (USDT); decimals configurable elsewhere. Open source script — easy to read and extend. How to Use Add the indicator: open TradingView → Indicators → paste the source code → Add to chart. Pick your low reference in settings: Last N bars — uses the lowest low within your chosen lookback. Running since load — tracks the lowest low since the script loaded. Set your capital and risk: Total Capital — your account size in USDT. Max. invest Capital per Trade (%) — your risk per trade as a percent of Total Capital. Tidy the table: Use Table Position and Table Size to place it. Add Extra rows/columns and set left/right fillers (spaces allowed) for padding. Toggle individual rows (on/off) to show only what you need. Read the numbers: Act. Price in USDT — current close. Last Low in USDT — stop reference price. Risk per Trade — whole-USDT value of your risk budget for this trade. Entry − Low — absolute risk per unit. SL to Low (%) — percentage distance from price to low. Max. Nominal Value in USDT — estimated max nominal position size given your risk budget and stop at the low. Scope This calculator is designed for long trades only (stop below price at the chart low). Notes & Assumptions Does not factor fees, funding, slippage, tick size, or broker/venue position limits. “Running since load” updates as new lows appear; “Last N bars” uses only the selected lookback window. If price equals the low (zero distance), sizing will be undefined (division by zero guarded as “—”). Risk Warning Trading involves substantial risk. Always double-check every value the calculator shows, confirm your stop distance, and verify position sizing with your broker/platform before entering any order. Never risk money you cannot afford to lose. Open Source & Feedback The source code is open. If you spot a bug or have an idea to improve the tool, feel free to share suggestions — I’m happy to iterate and make it better.
Pine Script® indicator
by Phanchai
SmartPlusSmartPlus Overview The SmartPlus indicator is a complete framework for intraday traders. It combines key market reference points (VWAP, moving averages, and the first 15-minute high/low range) with predictive levels based on historical daily moves. Together, these elements allow traders to build directional bias, spot breakouts, and manage risk throughout the session. Key Features 1. VWAP (Volume-Weighted Average Price) - Plots the intraday VWAP in real time. - VWAP acts as a central “fair value” reference point for institutional order flow. - Price trading above VWAP generally suggests bullish bias, while below VWAP leans bearish. 2. Exponential Moving Averages (EMAs) - Two configurable EMAs are included: - Fast EMA (default: 21 periods) - Slow EMA (default: 34 periods) - Each EMA is plotted with a single, user-selectable color for clarity. - Crossovers or alignment between price, VWAP, and EMAs help define market structure. 3. Smart Bar Coloring - Candles automatically change color when conditions align: - Bull Zone: Price above VWAP, Fast EMA, and Slow EMA. - Bear Zone: Price below VWAP, Fast EMA, and Slow EMA. - Fluorescent bar coloring helps highlight momentum zones visually without additional analysis. 4. First 15-Minute High/Low/Mid (Automatic) - Automatically detects the first 15 minutes of each new trading day (no manual input required). - Plots horizontal lines for: - First 15-Minute High (green) - First 15-Minute Low (red) - Midpoint of that range (gray) - Once the initial 15-minute window ends, these levels remain projected throughout the session as breakout or support/resistance zones. - Alerts trigger when price breaks above the high or below the low after the window. 5. Daily Support/Resistance Forecast - Uses a rolling lookback of recent daily ranges (default: 126 days). - Tracks average up moves and down moves from the daily open. - Optionally incorporates standard deviation for wider confidence bands. - Plots forecast levels above/below the current day’s open for reference. Trading Logic (How to Use) - Bullish Bias: - Price is above VWAP, above both EMAs, and ideally above the first 15-minute high. - This setup suggests trend continuation or breakout opportunities on the long side. - Bearish Bias: - Price is below VWAP, below both EMAs, and ideally below the first 15-minute low. - This setup suggests downward pressure or breakout opportunities on the short side. - Neutral / Caution Zone: - Price caught between VWAP, EMAs, or inside the 15-minute range often signals indecision. - Best to wait for confirmation or breakout before committing to trades. Expectations After Using It - The script provides context and structure, not trading signals. - It highlights where price is relative to meaningful market levels so traders can act with greater confidence. - Combining VWAP, EMAs, and the 15-minute breakout framework helps traders stay aligned with the market’s natural rhythm. Disclaimer This script is a tool for market analysis and educational purposes only. It does not constitute financial advice, trading recommendations, or guaranteed profitability. Markets are inherently risky, and past patterns do not ensure future results. Always combine this tool with sound risk management, personal research, and professional guidance before making any trading decisions.
Pine Script® indicator
by moneypots
2
HA • EMA9/21 • Daily VWAP – Fixed Signals (v6)HA • EMA9/21 • Daily VWAP – Fixed Signals (v6) Heikin Ashi EMA 9/21 + Daily VWAP Setup Indicator Description This indicator combines three proven concepts into one clean and practical trading tool: Heikin Ashi Candles → smooth out price action and highlight trends more clearly. EMA 9/21 → a classic momentum and trend filter. Daily VWAP (Volume Weighted Average Price) → widely used by professionals as dynamic support and resistance. How it works Long Signal: Triggered when Heikin Ashi turns bullish, EMA 9 is above EMA 21, and price crosses above the Daily VWAP. Short Signal: Triggered when Heikin Ashi turns bearish, EMA 9 is below EMA 21, and price crosses below the Daily VWAP. For every signal the indicator automatically draws Entry, Stop-Loss, and Take-Profit levels directly on the chart: Entry = price at the signal bar Stop-Loss (SL) = recent swing low/high or ATR-based (configurable) Take-Profit (TP) = calculated using the chosen Risk/Reward ratio Features ✅ Instant signals (no repainting) ✅ Fixed horizontal lines for Entry, SL, and TP extending to the right side of the chart ✅ Customizable Risk/Reward ratio (default: 1.5) ✅ Choice between Swing-based or ATR-based stop-loss ✅ Alerts for both Long and Short signals ✅ Clean chart visualization without clutter Use case This tool is designed for traders who want clear, rule-based setups. It provides easy-to-spot signals that can be used for manual trading, journaling, and backtesting. ⚠️ Note: This is not an automated trading strategy. Always confirm signals with your own analysis and apply proper risk management.
Pine Script® indicator
by Kim_Lisa_Markmann-Garbe
Previous Day High/Low Levels [OWI]📘 How to Use the “Previous Day High/Low Levels ” Indicator This TradingView indicator automatically tracks and displays the previous day's high and low during the Regular Trading Hours (RTH) session. It’s perfect for traders who want to visualize key support/resistance levels from the prior day in futures like CME_MINI:NQ1! and COMEX:GC1! . 🛠 Setup Instructions 1. Customize RTH Session Times - In the Settings panel, adjust the following under the Levels group: - RTH Start Hour and RTH Start Minute: Default is 9:30 AM (New York time). - RTH End Hour and RTH End Minute: Default is 4:15 PM. - These define the active trading session used to calculate the day’s high and low. 2. Toggle Labels - Use the Show PDH/PDL Labels checkbox to display or hide the “PDH” and “PDL” labels on the chart. - Labels appear after the session ends and follow price dynamically. 📊 What the Indicator Does - During the RTH session: - Tracks the highest and lowest price of the day. - After the session ends: - Draws horizontal lines at the previous day’s high (green) and low (red). - Optionally displays labels ("PDH" and "PDL") at those levels. - Lines extend into the current day to help identify potential support/resistance zones. ✅ Best Practices - Use this indicator on intraday timeframes (e.g., 5m, 15m, 1h) for best results. - Combine with volume or price action analysis to confirm reactions at PDH/PDL levels. - Adjust session times if trading non-US markets or custom hours.
Pine Script® indicator
by onewayinvestment_hk
Key Session Levels (KUUUMZ) 📜 Summary Tired of manually drawing the same key levels every single trading day? The KUUMZ-Key Session Levels indicator automates this entire process, plotting the most critical intraday and previous day levels directly on your chart. This tool provides a clean, dynamic framework of potential support and resistance zones, allowing you to focus on your trading strategy, not on chart setup. Built for day traders and scalpers of US equities, this indicator helps you instantly visualize the market's structure from the moment the session begins. 🎯 Key Levels Plotted This indicator automatically identifies and draws horizontal lines for the following session levels: Previous Day High (PDH) & Low (PDL): The highest and lowest points of the prior trading day, which often act as major psychological support and resistance magnets. Pre-Market High & Low (PMH/PML): The range established during the pre-market session (4:00 - 9:30 AM ET). A breakout from this range can often signal the initial directional bias. 5-Minute Opening Range High & Low (OR5): The high and low of the first 5 minutes of the regular session (9:30 - 9:35 AM ET). A crucial level for opening range breakout (ORB) strategies. 15-Minute Opening Range High & Low (OR15): The high and low of the first 15 minutes (9:30 - 9:45 AM ET), providing a slightly broader view of the initial balance area. 📈 How to Use This Indicator These levels are fundamental to many intraday trading strategies: Support & Resistance: Watch how price reacts as it approaches these levels. A bounce or rejection can signal a potential reversal, while a clean break can indicate continuation. Breakout Trading: A strong, high-volume move through one of these levels (e.g., breaking above the Pre-Market High) can be an entry signal for a breakout trade. Market Context: Quickly gauge market sentiment. Is the price trading above or below the previous day's range? Is it trapped within the opening range? These levels provide immediate context to the current price action. Setting Targets & Stops: Use these levels to set logical profit targets or place stop-loss orders. For example, if you go long on a breakout of the 5-min OR, the Pre-Market High or Previous Day High could be your first target. ⚙️ Features & Customization The script is designed to be flexible and clean, allowing you to tailor it to your specific charting style. Toggle Any Level: Enable or disable any set of levels (Previous Day, Pre-Market, etc.) to reduce clutter. Full Style Control: Customize the Color, Width, and Style (Solid, Dotted, Dashed) for each pair of high/low lines independently. Optional Labels: A master switch allows you to show or hide all price labels (like "PDH", "PM Low", etc.) with a single click. Automatic & Dynamic: Levels are calculated and drawn in real-time as each session concludes and are automatically cleared and reset for the next trading day.
Pine Script® indicator
by kuuumz
Historical Year OverlayThis script allows you to simply source any historical calendar year and overlay it over any other year (usually a historical year overlaying a year in the future). It was made using an LLM for coding help and logic. It is great for working out potential pivots and it also maps the previous profit/loss from the source year over the plot year so that we can see the connection to price levels throughout the plot year and also with the yearly close (we get a horizontal line for the close). It uses the year open as a price reference to plot the P&L over the plot year (if use plot year option is selected). if the year has not started yet you can use the "manual opening price" OR it will auto set to the current price (great for "replay mode", it will catch the actual opening price once it happens). The settings are self explanatory. Choose a source year and plot year. Choose a multiplier if you'd like (it simply multiplies the plot year P&L by that number; ie: 1 means the same as it was, 0.5 means half of what is was, 2 means 2x the source P&L) The resolution is max default 50 line segments but you can simplify if you'd like. I've released the code open-source so you can see what it is doing. Please update it with all the enhancements you can think of. Please let me know if you do this as I will be very interested!
Pine Script® indicator
by joe.dodaro
3
Desempenho 4ªs (MA)This Pine Script v5 indicator calculates the performance from Wednesday to Wednesday at 10:30 AM for the charted instrument. Every Wednesday at that time, it records the closing price and computes the percentage change, assigning a signal: +1 for increases above 1 %, -1 for declines below -1 %, and 0 for intermediate movements. It plots a five-period simple moving average on the main chart, color-coded green, red, or gray based on the weekly signal. Vertical dotted lines mark each weekly separation, and two blue horizontal lines denote the ±1 % thresholds for the current week. A label displays the performance percentage and signal.
Pine Script® indicator
by hungryApple97568
Accumulation Phase DetectorClean Accumulation Phase Indicator — Description This TradingView indicator visually identifies the Accumulation Phase in price action, based on the Wyckoff methodology and volume-price analysis. The Accumulation Phase is where insiders or "smart money" gradually build positions before a significant price breakout. Key Features: Range Detection: The indicator calculates a price range over a configurable period (Range Length). It marks this range on the chart with red horizontal lines representing support and resistance. Volume Spike Identification: It detects unusually high volume relative to the average volume over the same period (Volume Spike Multiplier). These spikes highlight potential insider buying activity. Accumulation Phase Highlighting: When price action remains within the detected range and volume spikes occur, the indicator considers the market to be in an accumulation phase. Volume bars during this phase are colored blue for easy visualization. Campaign Start & End Labels: The indicator places a "Campaign starts" label at the beginning of the accumulation phase and a "Campaign ends - warehouse full" label when the accumulation ends. This mimics the idea that insiders fill their “warehouses” before a breakout. Breakout Detection: Once accumulation ends, the indicator monitors for a price breakout above the resistance level and places a "Breakout" label at the breakout bar. How to Use: Adjust the Range Length and Volume Spike Multiplier inputs to suit the timeframe and instrument you’re analyzing. Watch for the blue volume bars within the red range lines to identify the accumulation phase. Use the campaign labels to identify when the phase starts and ends. Watch for the breakout label as a potential entry signal.
Pine Script® indicator
by Mikeramzee
ombs- PONY Breakout Alert 🧠 תקציר הסקריפט: **PONY Breakout Alert 📈 🔍 **מטרה**: לזהות **פריצה מעלה של רמת 14.15** תוך כדי **מחזור מסחר גבוה מהממוצע**, כדי לאתר **הזדמנות מסחר שורית**. --- ⚙️ רכיבי הסקריפט: * 📌 **רמת כניסה**: `entryLevel = 14.15` * 📊 **תנאי כניסה**: * סגירת מחיר **מעל 14.15** * נפח מסחר **גבוה ב־20% מהממוצע ל־20 הימים האחרונים** * 🔔 **התראה ויזואלית**: * סמל ירוק "Entry" מופיע מתחת לנר על הגרף * קווים קבועים לרמות יעד וסטופלוס * 🎯 **יעדי רווח**: * Target 1 – 15.15 * Target 2 – 16.00 * Target 3 – 17.00 * 🛑 **סטופלוס**: * שמרני: 13.20 * אגרסיבי: 12.80 * 🔔 **התראה אוטומטית** (`alertcondition`): תשלח הודעה: *"PONY פרצה מעל 14.15 עם מחזור גבוה – שקול כניסה לעסקה."* --- 📝 מתאים עבור: * סוחרי ניתוח טכני 🧮 * מי שמחפש כניסה מבוססת על פריצה + נפח 📊 * שימוש על גרף יומי בלבד 📅 --- 🧠 Script Summary: PONY Breakout Alert 📈 🔍 Objective: Detect a breakout above the 14.15 level accompanied by high trading volume, in order to identify a bullish trading opportunity. ⚙️ Script Components: 📌 Entry Level: entryLevel = 14.15 📊 Entry Conditions: Price closes above 14.15 Volume is 20% higher than the 20-day average 🔔 Visual Alert: A green "Entry" label appears below the bar on the chart Static horizontal lines mark targets and stop-loss levels 🎯 Profit Targets: Target 1 – 15.15 Target 2 – 16.00 Target 3 – 17.00 🛑 Stop Loss: Conservative: 13.20 Aggressive: 12.80 🔔 Automated Alert (alertcondition): Sends a message: "PONY has broken above 14.15 with high volume – consider a long position." 📝 Ideal For: Technical traders 🧮 Those seeking breakouts confirmed by volume 📊 Daily chart setups only 📅
Pine Script® indicator
by omribensamon
Asian & London Session High/LowThis Pine Script v6 indicator plots the high and low of the Asian and London trading sessions on the chart before the New York session opens. Asian session is defined from 00:00 to 08:00 (Europe/Sofia time). London session is defined from 09:00 to 16:30 (Europe/Sofia time). The session highs and lows are tracked live and updated as new candles form within the session time ranges. At 16:30, when the New York session opens, all high/low values are reset to na to prepare for the next day. Horizontal lines are plotted using plot.style_linebr to extend the lines until the next candle. This tool helps traders identify key support/resistance zones formed during the most active pre-New York hours.
Pine Script® indicator
by NikolayBorisov
RSI Zones - Directional Entry Strict RSI Zones – Directional Entry Tool (Modified RSI) This is a simple modification of the standard RSI indicator. I’ve added two custom horizontal lines at the 60–65 and 35–40 zones to help spot momentum shifts and potential reversal points. 60–65 zone: When RSI returns here from above 65, it often signals weakening bullish momentum — useful for spotting short opportunities. 35–40 zone: When RSI returns here from below 35, it can indicate momentum loss on the downside — good for potential long setups. This version helps traders filter out weak signals and avoid chasing extreme moves. It works best when combined with price action, structure, or divergence. Only 2 lines were added to the default RSI for better zone awareness. Everything else remains unchanged.
Pine Script® indicator
by TheAliZone
NDX Levels Adjusted to Active TickerThis indicator allows you to plot custom NDX levels directly on the NQ1! (E-mini NASDAQ-100 Futures) chart, automatically adjusting for the spread between NDX and NQ1!. This is particularly useful for traders who perform technical analysis on NDX but execute trades on NQ1!. Features: Input up to three NDX key levels to track (e.g., 23000, 24000, 25000). The script adjusts these levels in real-time based on the current spread between NDX and NQ1! Displays the spread in the chart header for quick reference Plots updated horizontal lines that move with the spread Includes optional labels showing the spread periodically to reduce clutter Supports Multiple Tickers: NQ1!, QQQ, NAS100 and NAS100USD. Ideal for futures traders who want SPX context while trading NQ1!, QQQ, NAS100 or NAS100USD..
Pine Script® indicator
by alejandroveronn
SPX Levels Adjusted to Active TickerThis indicator allows you to plot custom SPX levels directly on the ES1! (E-mini S&P 500 Futures) chart, automatically adjusting for the spread between SPX and ES1!. This is particularly useful for traders who perform technical analysis on SPX but execute trades on ES1!. Features: Input up to three SPX key levels to track (e.g., 5000, 4950, 4900) The script adjusts these levels in real-time based on the current spread between SPX and ES1! Displays the spread in the chart header for quick reference Plots updated horizontal lines that move with the spread Includes optional labels showing the spread periodically to reduce clutter Supports Multiple Tickers, ES1!, SPY and SPX500USD. Ideal for futures traders who want SPX context while trading ES1!.
Pine Script® indicator
by alejandroveronn
Fractal Support and Resistance [BigBeluga]🔵 OVERVIEW The Fractal Support and Resistance indicator automatically identifies high-probability support and resistance zones based on repeated fractal touches. When a defined number of fractal highs or lows cluster around the same price zone, the indicator plots a clean horizontal level and shaded zone, helping traders visualize structurally important areas where price may react. 🔵 CONCEPTS Fractal Points: Swing highs and lows based on user-defined left and right range (length). A valid fractal forms only when the center candle is higher or lower than its neighbors. Zone Validation: A level is only confirmed when the price has printed the specified number of fractals (e.g., 3) within a narrow ATR-defined range. Dynamic Zone Calculation: The plotted level can be based on the average of clustered fractals or on the extreme value (min or max), depending on the user’s choice. Support/Resistance Zones: Once a zone is validated, a horizontal line and shaded box are drawn and automatically extended into the future until new valid clusters form. Auto-Clean & Reactivity: Each zone persists until replaced by a new fractal cluster, ensuring the chart remains uncluttered and adaptive. 🔵 FEATURES Detects swing fractals using adjustable left/right range. Confirms zones when a defined number of fractals occur near the same price. Plots horizontal level and shaded box for visual clarity. Choice between average or min/max logic for level calculation. Distinct color inputs for support (green) and resistance (orange) zones. Adaptive auto-extension keeps valid zones projected into the future. Displays optional triangle markers above/below bars where fractals form. Clean design optimized for structural S/R analysis. 🔵 HOW TO USE Use support zones (from low fractals) to look for potential long entries or bounce points . Use resistance zones (from high fractals) to look for short setups or rejections . Adjust the Fractals Qty to make zones more or less strict—e.g., 3 for higher reliability, 2 for quicker responsiveness. Combine with liquidity indicators or break/retest logic to validate zone strength. Toggle between average and min/max mode to fit your style (average for balance, extremes for aggression). 🔵 CONCLUSION Fractal Support and Resistance offers a robust way to identify hidden levels that the market respects repeatedly. By requiring multiple fractal confirmations within a zone, it filters out noise and highlights clean structural areas of interest. This tool is ideal for traders who want automatic, adaptive, and reliable S/R levels grounded in raw market structure.
Pine Script® indicator
by BigBeluga
6
ORB Range Indicator with Fibonacci Targets This script plots the Opening Range (ORB) high and low based on a configurable time window (5–45 minutes from the U.S. session open at 9:30 AM EST). Once the ORB window closes, the indicator draws horizontal lines marking: ORB High and Low The size of the range in price and % Fibonacci-based price targets above and below the range (0.382, 0.618, 1.000, 1.618, 2.000) You can control: Which Fibonacci levels to display Whether to show long targets, short targets, or both All drawings are automatically cleared at the start of each trading day. Ideal for breakout traders using ORB and Fibonacci extensions for target planning.
Pine Script® indicator
by Baba_Dollar
2
Prev Candle Quarters (MTF) – % + PriceThis TradingView indicator visualizes quarter levels (25%, 50%, 75%, 100%) of the previous candle body from a user-selected higher timeframe, helping traders identify key reaction zones within a candle’s structure. ulti-Timeframe Input: Choose between 15m, 1H, or 2H candles for your measurement basis. Body-Based Calculation: Measures from open to close of the previous candle (not wick-to-wick), reflecting where price actually closed. Precise Quarter Levels: Automatically draws horizontal lines at 25%, 50%, 75%, and 100% of the candle body. Custom Toggles: Enable or disable each individual level via checkboxes. Price + % Labels: Each level includes a clean label showing the exact price and corresponding percentage.
Pine Script® indicator
by TRUQUANT_
SPX Levels Adjusted to ES1!This indicator allows you to plot custom SPX levels directly on the ES1! (E-mini S&P 500 Futures) chart, automatically adjusting for the spread between SPX and ES1!. This is particularly useful for traders who perform technical analysis on SPX but execute trades on ES1!. Features: Input up to three SPX key levels to track (e.g., 5000, 4950, 4900) The script adjusts these levels in real-time based on the current spread between SPX and ES1! Displays the spread in the chart header for quick reference Plots updated horizontal lines that move with the spread Includes optional labels showing the spread periodically to reduce clutter Ideal for futures traders who want SPX context while trading ES1!. Make sure to apply this indicator on the ES1! chart, not SPX.
Pine Script® indicator
by alejandroveronn
1
Pre-Market High and LowThis indicator automatically tracks and plots the daily pre-market high and low levels on your chart for U.S. stocks. It monitors the pre-market session from 4:30 AM to 9:30 AM Eastern Time (New York) and captures the highest and lowest prices during this period. At exactly 9:30 AM ET, when the regular market opens, the indicator draws dashed horizontal lines representing the pre-market high and pre-market low, extending them forward for better visibility throughout the trading day.
Pine Script® indicator
by Shamsher52
Price Volume Trend [sgbpulse]1. Introduction: What is Price Volume Trend (PVT)? The Price Volume Trend (PVT) indicator is a powerful technical analysis tool designed to measure buying and selling pressure in the market based on price changes relative to trading volume. Unlike other indicators that focus solely on volume or price, PVT combines both components to provide a more comprehensive picture of trend strength. How is it Calculated? The PVT is calculated by adding or subtracting a proportional part of the daily volume from a cumulative total. When the closing price rises, a proportional part of the daily volume (based on the percentage price change) is added to the previous PVT value. When the closing price falls, a proportional part of the daily volume is subtracted from the previous PVT value. If there is no change in price, the PVT value remains unchanged. The result of this calculation is a cumulative line that rises when buying pressure is strong and falls when selling pressure dominates. 2. Why PVT? Comparison to Similar Indicators While other indicators measure volume-price pressure, PVT offers a unique advantage: PVT vs. On-Balance Volume (OBV): OBV simply adds or subtracts the entire day's volume based on the closing direction (up/down), regardless of the magnitude of the price change. This means a 0.1% price change is treated the same as a 10% change. PVT, on the other hand, gives proportional weight to volume based on the percentage price change. A trading day with a large price increase and high volume will impact the PVT significantly more than a small price increase with the same volume. This makes PVT more sensitive to trend strength and changes within it. PVT vs. Accumulation/Distribution Line (A/D Line): The A/D Line focuses on the relationship between the closing price and the bar's trading range (Close Location Value) and multiplies it by volume. It indicates whether the pressure is buying or selling within a single bar. PVT focuses on the change between closing prices of consecutive bars, multiplying this by volume. It better reflects the flow of money into or out of an asset over time. By combining volume with percentage price change, PVT provides deeper insights into trend confirmation, identifying divergences between price and volume, and spotting signs of weakness or strength in the current trend. 3. Indicator Settings (Inputs) The "Price Volume Trend " indicator offers great flexibility for customization to your specific needs through the following settings: Moving Average Type: Allows you to select the type of moving average used for the central line on the PVT. Your choice here will affect the line's responsiveness to PVT movements. - "None" : No moving average will be displayed on the PVT. - "SMA" (Simple Moving Average): A simple average, smoother, ideal for identifying longer-term trends in PVT. - "SMA + Bollinger Bands": This unique option not only displays a Simple Moving Average but also activates the Bollinger Bands around the PVT. This is the recommended option for analyzing volatility and ranges using Bollinger Bands. - "EMA" (Exponential Moving Average): An exponential average, giving more weight to recent data, responding faster to changes in PVT. - "SMMA (RMA)" (Smoothed Moving Average): A smoothed average, providing extra smoothing, less sensitive to noise. - "WMA" (Weighted Moving Average): A weighted average, giving progressively more weight to recent data, responding very quickly to changes in PVT. Moving Average Length: Defines the number of bars used to calculate the moving average (and, if applicable, the standard deviation for the Bollinger Bands). A lower value will make the line more responsive, while a higher value will smooth it out. PVT BB StdDev (Bollinger Bands Standard Deviation): Determines the width of the Bollinger Bands. A higher value will result in wider bands, making it less likely for the PVT to cross them. The standard value is 2.0. 4. Visual Aid: Current PVT Level Line This indicator includes a unique and highly useful visual feature: a dynamic horizontal line displayed on the PVT graph. Purpose: This line marks the exact level of the PVT on the most recent trading bar. It extends across the entire chart, allowing for a quick and intuitive comparison of the current level to past levels. Why is it Important? - Identifying Divergences: Often, an asset's price may be lower or higher than past levels, but the PVT level might be different. This auxiliary line makes it easy to spot situations where PVT is at a higher level when the price is lower, or vice-versa, which can signal potential trend changes (e.g., higher PVT than in the past while price is low could indicate strong accumulation). - Quick Direction Indication: The line's color changes dynamically: it will be green if the PVT value on the last bar has increased (or remained the same) relative to the previous bar (indicating positive buying pressure), and red if the PVT value has decreased relative to the previous bar (indicating selling pressure). This provides an immediate visual cue about the direction of the cumulative momentum. 5. Important Note: Trading Risk This indicator is intended for educational and informational purposes only and does not constitute investment advice or a recommendation for trading in any form whatsoever. Trading in financial markets involves significant risk of capital loss. It is important to remember that past performance is not indicative of future results. All trading decisions are your sole responsibility. Never trade with money you cannot afford to lose.
Pine Script® indicator
by sgbpulse