Volume divided by the Sessions (Asia, Europe, Usa, none) Only works on daily TF Can be used as: Stacked (best with style Columns and len = 0) Cumulative (best with style Area and len = 30) Overlayed (best with style Line and len = 7)
Volume can be a very useful tool if used correctly. Relative volume is designed to filter out the noise and highlight anomalies assisting traders in tracking institutional movements. This tool can be used to identify stop loss hunters and organized dumps. It uses a variety of moving averages to hide usual activity and features an LSMA line to show trend. Trend...
Suggested by John Ehlers , IFT helps you to determine the exact oversold/overbought points in any oscillator-type indicators. The 2 IFT based indicators in this chart are: - Inverse Fisher on RSI (IFTRSI) - Inverse Fisher on MFI (IFTMFI) Suggested method to use any IFT indicator is to buy when the indicator crosses over –0.5 or crosses over +0.5 if it has not...
The Darvas box theory is based on the work of Nicolas Darvas, author of the book "How I Made $2 Million in the Stock Market". This indicator uses his box theory to help visualize upward trends and find potential opportunities to buy or add to a position. Darvas was a growth stock trader. After extensive study of historical stock movements, Darvas noted stocks...
Love volume analysis but it's hard for you to implement a simple strategy by it? Use OBV. Is OBV still not quite as it should be for you to get it in your trading system? Use OBV Oscillator. Does OBV Oscillator give you too many false signals and when you smooth it, it lags by a ton? Then this indicator is the answer to your problem. Introducing the...
This is the follow up to SB Master Chart. This is a subscription only indicator. SB Master Chart was designed with a minimalist appearance, but is able to provide a trader with all the information he needs at a glance to make informed trading decisions. This chart utilizes the alert() function so the trader can be alerted even while away from a computer to a...
EmperorBTC's VWAP Indicator & Strategy v2.1 coded by Bogdan Vaida This indicator was created after EmperorBTC's conditions. Good timeframes for it: 30', 15', 5' To convert from strategy to study switch the commented lines in the beginning and at the end of the script and vice versa. What this indicator does is to check if: o Pivot Point was...
Volume weighted average price Multi Timeframe Description: Vwaps in 3 different types of time: Daily, weekly and monthly This indicator has a built-in option that paints the price bars if they are above or below the daily vwap. Features: 1 - Add or remove timeframe (unchecking colors). 2 - Edit the colors according to the price crossing up or down each vwap. 3 -...
Distribution days is a term related to distribution stock in the sense that heavy institutional selling of shares is taking place. A distribution day, technically speaking, occurs when major market indexes fall 0.2% or more on volume that is higher than the previous trading day. A follow-through day occurs during a market correction when a major index closes 1%...
Volume Flow This is an indicator script based on Calculate the trading volume through the moving average series of indicators. If the long position moving average exceeds the volume moving average, it is considered a strong long signal, if the short position moving average exceeds the volume moving average, it is considered a strong short signal.
Buying/selling pressure Green bar for buying pressure, calculated by multiply Volume change and the increasing of price Red bar for selling pressure, calculated by multiply Volume change and the decreasing of price White bar is the subtract of Green bar and Red bar, which is calculated how strong of buying or selling in the market at the current timeframe. The...
This indicator displays volume as a pump wave. Can be useful for chart analysis and easy detection of anomalies/trends.
This strategy uses RMA, Moving Average used in RSI , to create the buy and sell signals. It is the exponentially weighted moving average with alpha = 1/length. IT SHOWS ON THE GRAPH: Buy: Long position. Sell: Short position. V ⇣: Institutional volume . V ⇡: Institutional volume . T ⇣: Downtrend. T ⇡: Uptrend. Volume (V ⇣/V ⇡) when Market Makers...
This code shows expected reaction target prices after sudden moving based on RSI. Red area means the price is on overbought area, green area means the price is on oversold area. If you see red area under price, you can make short option to next to the horizontal beginning price of red area. If you see green area over price, you can make long option to next to the...
Because the big Bitcoin crash I have been looking a lot at high timeframe metrics. I never spent much time learning POC so I decided to create a little script for determining these on higher timeframes. Currently included: Monthly, 3 months and 6 months. /* DEFINITION */ Point Of Control (= POC) is a price level at which the heaviest volumes were traded. Value...
The script plots the order flow clusters for the last six candles in the middle right. The cluster contains buy volume, sell volume and the price range of the volume. It calculates uptick volume as buy volume and down tick volume as sell volume and calculates the delta(shown in labels). Recent ATR is considered to determine each cell price range in the cluster....
This indicator shows the trend of the market. The middle line is the 200-day moving average because it shows the long term trend of the market. However, since the market does give fake signals of going up and down through the 200-day moving average, I had to put a band on it to push through the fake signals. The first band around the middle line is 1 standard...