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VWAP filtered MACD Bars with positive MACD histogram value and closing above VWAP are colored, long positions should be taken in areas made of those bars. Similarly, bars with negative MACD histogram value and closing below VWAP are also colored, short positions should be taken there. This indicator by default should be a part of your trend following trading system. In the setting you can change colors Above grow: positive and rising MACD histogram value Above fall: positive and falling MACD histogram value Below fall: negative and falling MACD histogram value Below grow: negative and rising MACD histogram value
Pine Script™ indicator
by phk28
Gaps + Imbalances + Wicks (MTF) - By LeviathanThis script will identify and draw price gaps, wicks and imbalances with customizable fill conditions, multi-timeframe function, zone size filtering, volume comparison, lookback filtering, as well as highly customizable appearance and settings. I’ve made this indicator to combine the three similar but different elements that occur in price movements and serve as significant zones of interest or way of PA interpretation in various different strategies. Imbalances (or Fair Value Gap/FVG/Inefficiency/whatever) - The Imbalance “pattern” consists of 3 candles (1- candle before the sharp move, 2 - sharp move candle and 3- candle after the sharp move). When price makes a move downwards, the imbalance zone is defined as the area between the low of 1 and the high of 3 When price makes a move upwards, the imbalance zone is defined as the area between the high of 1 and the low of 3. Gaps A price gap is an area on a chart where no trading activity has taken place. A gap up means that the low of the current candle is higher than the high of the previous candle and a gap down means that the high of the current candle is lower than the low of the previous candle. Wicks (or shadows/tails/whatever) Wicks are used to indicate where the price has fluctuated relative to the opening and closing price of the candle. An upper wick is the zone between candle high and candle close/open (whichever is higher) and a lower wick is the zone between candle’s low and candle’s close/open (whichever is lower). Settings Overview “Zone Type” - This input lets you decide which zones should the script plot and on which timeframe. You should always pick a timeframe higher than your chat’s. “Middle Line, Top Line, Bottom Line” - Show or hide the Middle Line (horizontal level in the middle of each zone), Show or hide Top Line (horizontal level at the top of the zone), Show or hide Bottom Line (horizontal level at the bottom of the zone) “UP/DOWN Zones" - This input lets you show/hide UP Zones or DOWN Zones an pick their color, border color and label color. ”Fill Condition” - If turned ON, the zones will end drawing when your prefered Fill Condition is met (Full Filll = price mitigates the whole zone, Half Fill = zone is at least halfway mitigated and Touch = zone is touched by price). If turned OFF, the zones will only be plotted for the amount of bars defined it “Zone Length”. ”Lookback (D)” - This input lets you limit the amount of zones plotted on the chart by choosing how many days back in time should the script go to find and plot zones. For example, input 1 will only show you the zones of the past day, input 7 will only show you the zones of the past week. ”Hide Filled Zones” - If turned ON, the zones that have been filled will be removed from the chart. ”Show Boxes” - Show or hide the boxes that represent the zones. This is useful for those who want the zones to be visualized by just lines. “Filter Type” - this input lets you create a filter that will make the script only show zones that are larger than ATR or larger than a certain percentage. You can choose the ATR Length and the multiplier (higher multiplier → larger zone required), as well as the Percentage (%) and its multiplier (higher percentage → larger zone required). If you choose “None”, the zones of all sizes will be plotted. ”Zone Labels” - this part of the settings lets you: show/hide labels, decide on the size of the labels and their positions, choose a custom name for each zone, choose the data that the labels present (Type of the zone/Timeframe/ Volume ). ”Other settings” - ‘Stop/Delete zone after X number of candles’ will force stop/delete the zone if it’s plotted for more than prefered number of bars. ‘Line Style’ lets you choose the style and the color of the lines, ‘Zone Length’ defines the length of the zone if Fill Condition is “None”. More settings, modifications and improvements coming in future updates. This script is a bit old so I will clean up and optimize the code once I have more time.
Pine Script™ indicator
by LeviathanCapital
49
Volume scaled Price + auto colour change light/dark mode🔶 OVERVIEW 🔹 This script shows price in a similar style as volume . To accomplish this we use the body of the candle ( close - open ), which is placed on a zero line. This can be useful when comparing volume ~ price . 🔹 3 options are included to show additional lines, to make comparisons easier: · Percentile nearest rank · Bollinger  Bands  (BB) · Simple  Moving  Average  (SMA) 🔶 SETTINGS 🔹 Option : choose whether to show price (candles) or volume . Adding 2 versions of this indicator on the chart enables you to compare these 2 options: 🔹 Lines: · (Percentile nearest rank (only the setting mult is used for this option). · Bollinger Bands (BB) (only the setting % perc. nearest rank is used for this option). · Simple Moving Average (SMA ) All 3 options will use length , this is the amount of bars used for calculations. 🔹 Show wick will show you... wicks :) 🔶 PERCENTILE NEAREST RANK 🔹 This script has 2 extra types of background color dvP = volume  > volume  and z < z  and z < prP_  and volume  > prV  · In this case:          · volume  is higher than previous volume  ( volume > volume )          · volume  is above 90th percentile rank ( volume > prV )          · price is lower than previous price ( z < z )          · price is below 10th percentile rank ( z < prP_ ) dvV = volume  < volume  and z > z  and z > prP and volume  < prV_  · The second type background color is reversed ( volume lower, price higher) 🔶 AUTOMATIC COLOUR CHANGE WHEN SWITCHING DARK/LIGHT MODE 🔹 chart.bg_color returns the color of the chart’s background from the "Chart settings/Appearance/Background" field, while chart.fg_color returns a color providing optimal contrast with chart.bg_color .     · Following technique gives you the possibility to pick your own colour for either dark/light time. · We first retrieve separately the red, green and blue component of the measured chart.bg_color r = color.r(chart.bg_color) g = color.g(chart.bg_color) b = color.b(chart.bg_color) The following assumption states when all 3 colour components' values are below 80, we are in the dark mode: isDark = r < 80 and g < 80 and b < 80 Now we can use isDark to automatically show your own dark/light mode colours (chosen at settings), dependable on the mode: Cheers!
Pine Script™ indicator
by fikira
9
Relative Price Volume Relative Price Volume is an indicator which shows anomalies between price and volume on a chart over a given period. The goal is to identify potential reversal and/consolidation areas for price as it relates to volume. It is a simple variation of a Volume at Price indicators. It can also be used to mark potential support and resistance lines on the chart as the areas it signals is where the price battles are waged. Settings: Period = length for which to calculate average candle body and average volume Long Factor = relative size multiplier to determine if a candle is larger than average or if volume is higher than average Short Factor = relative size multiplier to determine if a candle is smaller than average or if volume is lower than average Anomaly Conditions 1. If a candle is larger than average and volume is lower than average, then this is an anomaly, and we should be on alert for a change in momentum. 2. if a candle is smaller than average and volume is higher than average, then this too is an anomaly and should put us on alert. The indicator will draw a cross on the chart indicating the candle is that is flashing the warning that the run is done and a potential consolidation and/or reversal is pending. Used in conjunction with support and resistance levels this could signal a time to enter or exit a trade. The default size factors considers a candle or volume: 1. Larger than average if it is 60% or more (.6) larger than average. 2. Smaller than average if it is 40% or less (.4) smaller than average. Hope this helps! Happy trading!
Pine Script™ indicator
by karimka
Volume and vPOC InsightsThe vPOC or volume point of control shows where most of the volume was traded. This is important because this is where the institutions and market makers have opened their positions, and these are the ones that move the markets! This indicator is designed to cut through the volume noise, and enable the hiding of lower volume data. The main setting allows you to define a lookback, and obscure the candles whose volume is less than x % of the highest volume in this lookback. Of the remaining candles, their vPOC will be displayed. There are extra settings to extend naked vPOCs, as well as the highs and lows of these high volume candles, plus an EMA based on the vPOC price levels. I must credit quantifytools @quantifytools who allowed me to utilize his code, for finding vPOCs using lower timeframe candles - there are comments in the code also. It works perfectly so why reinvent the wheel?
Pine Script™ indicator
by Texmoonbeam
16
VWOP: Volume Weighted & Oscillated PriceWhile playing around with the standard "ta.vwap" I wondered why there was no length input, so I did some research on what the underlying calculation actually is, and did my best to augment it so as to allow for a variable length based on an oscillator value. Normal VWAP = (Number of Shares Bought x Typical Price) / Total Volume In my VWOP Calculation, typical price is replaced by selected moving average type or "matype" and then multiplied by the volume. Then a total value is calculated using math.sum with a length value that changes according to a selected oscillator's value. The total is then divided by the sum of just volume using the same oscillating length value. Result is then passed through the selected"matype" once more to give the final result. Indicator designed for use as a entry/exit indicator in conjunction with more traditional moving averages and/or signal filters. Useful for taking volume + an oscillator into account along with price, instead of just the price as with a simple moving average.
Pine Script™ indicator
by EsIstTurnt
2
ADX Volume Trend Thie indicator is a modified and upgraded version of the popular ADX tool. ADX is used to determine the strength of a trend, and also to determine the direction in which the trend is likely to go. With this script, I have added in the formula the usage of volume, leading to the following functionality. The length is used to determine the period to calculate the trend strength and direction, and the average is used to then determine the oscillator and to confront the previous line. The volume average determines how many volumes bars the indicator should use to determine if a volume bar is above or below average if volume mode is selected. With the volume mode on, you'll get the DI+ and DI- lines, which are by default displayed as a histogram that calculates the difference between the two lines, called "Directional difference", are calculated using also the volume in the formula, multiplying the normal output by the volume multiplier. I suggest using this mode in high-volume markets. The trend strength difference is the area calculated using the difference between the ADX line and his moving average and can be used to analyze divergences in the swing points. It has a lot of improvements and new functionalities, like: - Histogram to show the output at best - Averages to compare the data - The option to include the volume inside of the formula - Other options and esthetic changes This indicator is created to improve the usability of the popular ADX indicator, including the very important variable of the volumes, in fact, it's the best to use for the Volume Spread Analysis.
Pine Script™ indicator
by OmegaTools
12
Volume Spread Analysis IchimokuThis version of the popular Ichimoku indicator is modified to let the user choose between his classic mode and the volume-weighted mode. Every line of the indicator is customizable with this function. The Kijun and Tenkan lines are choosable from: 1. The normal version, so the average of the high and the low of the selected period 2. The volume mode, so the average price of the selected input ponderated to the volume The Senkau Span A is the average from the Kijun (fast line) and the Tenkan (slow line) lines and it's choosable from: 1. The normal price version 2. The volume mode 3. The average between points 1 and 2 4. The automatic average between the two fast lines that you've chosen The Senkau Span B is the slowest line of the indicator, used to determine the long-term trend, and can be chosen from: 1. The normal average price between the high and the low of the selected period 2. The volume average price, using the Volume Weighted Moving Average The Trama Backline is the popular "LUX Algo" T.R.A.M.A. indicator, which I'm thankful for, and can be fantastically used to display the current trend strength and condition. This line is readable in the following way: - If the line is moving sideways, the trend may be in a consolidation phase - If the line is moving upwards or downwards, the trend may be in a trend phase
Pine Script™ indicator
by OmegaTools
2
Last Price minus Open Price Intraday VolumeLast Price minus Open Price Intraday Volume Change in price from day Open price to Last Price indicate the stock price movement. Last Price minus Open Price Intraday Volume indicator is framed on volume change during change in price from day Open price to Last Price. It takes into account the average intraday volume based on intraday length of bars and actual volume attributed to change in price from day Open Price to Last Price. The indicator reflects the change in trend .By analyzing the position of price on the basis of average change in volume during intraday with that of volume attributed to change in price from day open Price to Last price one may decide upon the course of trade. DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto.
Pine Script™ strategy
by avsr90
Liquidity Swings [LuxAlgo]The liquidity swings indicator highlights swing areas with existent trading activity. The number of times price revisited a swing area is highlighted by a zone delimiting the swing areas. Additionally, the accumulated volume within swing areas is highlighted by labels on the chart. An option to filter out swing areas with volume/counts not reaching a user-set threshold is also included. This indicator by its very nature is not real-time and is meant for descriptive analysis alongside other components of the script. This is normal behavior for scripts detecting pivots as a part of a system and it is important you are aware the pivot labels are not designed to be traded in real-time themselves. 🔶 USAGE The indicator can be used to highlight significant swing areas, these can be accumulation/distribution zones on lower timeframes and might play a role as future support or resistance. Swing levels are also highlighted, when a swing level is broken it is displayed as a dashed line. A broken swing high is a bullish indication, while a broken swing low is a bearish indication. Filtering swing areas by volume allows to only show significant swing areas with an higher degree of liquidity. These swing areas can be wider, highlighting higher volatility, or might have been visited by the price more frequently. 🔶 SETTINGS Pivot Lookback : Lookback period used for the calculation of pivot points. Swing Area : Determine how the swing area is calculated, "Wick Extremity" will use the range from price high to the maximum between price close/open in case of a swing high, and the range from price low to the minimum between price close/open in case of a swing low. "Full Range" will use the full candle range as swing area. Intrabar Precision : Use intrabar data to calculate the accumulated volume within a swing area, this allows obtaining more precise results. Filter Areas By : Determine how swing areas are filtered out, "Count" will filter out swing areas where price visited the area a number of time inferior to the user set threshold. "Volume" will filter out swing areas where the accumulated volume within the area is inferior to the user set threshold. 🔹 Style Swing High : Show swing highs. Swing Low : Show swing lows. Label Size : Size of the labels on the chart. Note that swing points are confirmed after Pivot Lookback bars, as such all elements are displayed retrospectively.
Pine Script™ indicator
by LuxAlgo
122
[blackcat] L1 Volume DynamicsLevel: 1 Background Use the difference of Jurik MA and SMA equivalent (ALMA) to observe something new for volume. Function Trading volume is an important technical indicator that is not easy to see the law. I try to match the trading volume with the deduction theory, and the deduction double-average theory is matched with the measurement capacity. I will compare the two moving averages of ultra-short-term, short-term, medium-term and long-term. The faster moving average I choose is Jurik MA (JMA), because it is faster than EMA under the same parameters, and the smoothing effect is very good. In addition to the slow moving average, I use ALMA to benchmark SMA. Because the smoothing properties of ALMA are better. A law is used here, that is, the equivalent relationship between ALMA and SMA is approximately a Fibonacci sequence. I can dynamically apply this amount to the Bitcoin market and see some interesting phenomena. What is double average volume? According to normal circumstances, JMA will follow the transaction volume faster than SMA. The transaction volume is normally rising above the double average volume, and the transaction volume is normally falling below the double average volume. When the SMA follows the trading volume faster than the JMA, it is abnormal (usually occurs in the divergence segment), that is, the JMA is above the SMA, but the trading volume is below the SMA (the bottom divergence volume pile), the top divergence volume pile is the opposite process. The trading volume is between the double average volume, which is the finishing volume energy. It can be used in the breakthrough of the box and the bottom of the pot. By comparing the strength of the current trading volume with the strength of the trading volume on the upper edge of the box or bottom structure, it can improve the success rate of predicting the breakthrough, especially for the observation effect of large funds latent. Remarks Feedbacks are appreciated.
Pine Script™ indicator
by blackcat1402
4
VolumeFlowVolume & price have a direct correlation with each other. If the fundamental value changes, the price changes and volume follows. If the technicals change, volume changes and price follows. Because the relationship between volume and price is so connected, I created a script highlighting important volume flow measurements. The VolumeFlow indicator combines several volume measurements into 1 indicator. 1) Volume net inflow / outflow 2) Volume total flow change 3) Volume cumulation flow The VolumeFlow indicator uses a scale from 100 high to -100 low, with the zero level being neutral. The VolumeFlow indicator has 4 inputs: 1) +Volume- 2) VolumeFast 3) VolumeSlow 4) Accum/Dist Default inputs: +Volume- length = 1, color = + green or - red VolumeFast length = 2, color = blue VolumeSlow length = 3, color = white Accum/Dist length = 5, color = brown Horizontal lines length = 100, 50, 0, -50, -100, color = white * The VolumeFlow indicator uses altered pieces of code from my Options360 FibVIP indicator, Tradingview "Up / down volume" indicator and Tradingview "Accumulation/Distribution" indicator. *
Pine Script™ indicator
by Options360
RS: Market ProfileA Market Profile (time price opportunity) implementation with an option to mark a point of control (POC) based on volume. Config: Hide default candles. Select a session time using exchange timezone. Experiment with tick multiplier value to achieve desired level of detail. Choose the symbols of your choice, e.g. squares or A-Z chars. For multiple sessions you will have to add additional instances of this script with a different time configuration. Limitations: TradingView has a hard limit for the number of characters (500), if it's reached, label rendering stops. Try increasing tick multiplier value to reduce the number of labels rendered or reduce the window size. Features: Use symbols or A-Z chars for TPOs Mark POC Calculate Value Area (volume or time based) Highlight single prints (SP) Highlight VWAP Show daily bar Highlight Open and Close Highlight current price row (during live market) Highlight initial balance (IB)
Pine Script™ indicator
by inversionflow
91
Volume Price Balance by serkany88This idea has been in my mind for a while. We all know how important volume is to technical analysis but volume and price itself doesn't mean much when volatility and momentum of the current trend is not taken into account. With this oscillator we try to combine all these factors into one indicator and provide a simplified interpretation of this relationship with spread analysis. This indicator can be used in all timeframes but higher timeframes like 1 hour and above will provide most stable results. How it works? This oscillator tries to analyze volume spread along with price spread based on wyckoff methods and attains certain "strength value" for each candle and it's relationship with the volume. After this calculation preferably we remove detected rejection candles from overall calculation and draw them as plots. The multipliers of the strengths can be changed from the settings. Green Line Above Red Line = Bullish momentum stronger Red Line Above Green Line = Bearish momentum stronger Top circles mean possible bullish reversal candle detected. Gray is weak, White is normal and Red top circle means strong possible reversal detected. Bottom circles mean possible bearish reversal candle detected. Gray is weak, White is normal and Green bottom circle means strong possible reversal detected. Let's check the example below As you can see we see a green dot appear in a somewhat weakening bullish momentum, this can mean possible reversal can happen soon and it does. Below is a bearish example In this example we see a possible strong reversal signal in a increasing bullish momentum and the price reacts immediately after the candle. We also have a table that shows the current non-smoothed result of trend strength based on calculated price-volume spread at top right of the oscillator.
Pine Script™ indicator
by serkany88
16
[WRx450] FED net liquidityThis indicator show the net liquidity of the FED. Net Liquidity = FED balance sheet (total asset) - Treasury General Account - Reverse Repo Net liquidity and Net liquidity changes are shown on wednesday. Total asset and TGA report are on weekly basis, thus a daily basis would be inacurate. it is possible to add this indicator twice and move one of them in another graphic below and show the change. It gives a clear view of the liquidity.
Pine Script™ indicator
by WRx450
1
[WRx450] FED net liquidityThis indicator show the net liquidity of the FED. Net liquidity = Fed balance sheet (total asset) - Treasury General Account - Reverse Repo All sources can be select otherwise in parameter. It is possible to show only the weekly changes in Net liquidity. Net liquidity and Net liquidity changes are shown only on wednesday because Total asset and TGA reports are updated only on Wednesday. (updating the Net liquidity on a daily basis would be inacurate)
Pine Script™ indicator
by WRx450
High/Low VolumeIn this indicator, I show you a better way to define high/low values of volume (or any other indicator). Quite often, I get requests from my clients that an indicator level should be “high” or that it should be above a certain absolute level. The first request is hard to interpret mathematically, but traders can easily spot it on the chart. The second one is not flexible, and it might not make sense in another market regime. To solve that, you can compute dynamic high/low levels that represent unexpected extreme values that are adaptable to recent conditions. There are two pretty simple methods I’m using quite often in my scripts percentiles and sigma (standard deviations). Percentile looks back at X bars and computes the value under which a certain % of data points are located. So, for example, if we’re computing 90%tile and we’re looking at 100 bars, we’ll get a value under which we have values of precisely 90 bars for this indicator. It’s a good idea to use something like 5%tile for low level and 95%tile for high level. Sigma(σ) is related to standard deviation. If we assume that our data is normally distributed, then 68% of data points should be in the range of mean +-1σ, 95% → mean +-2σ. So we can assume that something above 2σ is a pretty rare and extreme event. In this script, I give you an example of how to compute both on volume, but you can easily change this to another indicator. The issue with volume is that it’s not normally distributed, and your low level will be quite often too low to detect any low levels. Ideally, we have to use a more sophisticated formula that fits volume distribution better. In this indicator, you can set the following parameters: Choose type: Percentile or Sigma Lookback Period High/Low Percentiles Sigmas # You can also receive alerts for high/low volume events. Disclaimer Please remember that past performance may not indicate future results. Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting. This post and the script don’t provide any financial advice.
Pine Script™ indicator
by QuantNomad
3
VWAP Boulevard [vnhilton](OVERVIEW) The idea of this indicator comes from traders identifying supply to mainly look for shorts. Scenarios would be gap ups or pump & dumps where huge volume is transacted, & bag-holders are present. Some traders would draw resistance lines, I myself used to draw supply zones using the volume profile on that day, & others used the day VWAP on those days. VWAP Boulevard (I believe the name comes from the trader named team3dstocks) draws day VWAP lines from the highest volume days for a given period (excluding the current day). (FEATURES) - Draws horizontal & vertical lines from up to 250 highest volume days out of up to 3568 days, with the ability to hide either of these lines, their thicknesses, styles - Extend/cut horizontal lines, or extend them all the way to the right - Show the day VWAP, volume & age for these days in labels, with the ability to show what information you want to see only - Separate customizable color forms for the lines & labels - ordinary (1 color); volume (2 color gradient from lowest to highest volume of the highest volume days); age (2 color gradient from youngest to oldest volume of the highest volume days) - Edit offset & size of labels, & hide them - Hide vertical lines From left to right: Age color; ordinary color; volume color 250 highest volume days in the past year. Very messy so it's very likely you won't be using this but the ability to draw lines from 250 highest volume days is there if needed (DRAWDOWNS) - This indicator will only on the daily timeframe (error message will show up if unaware of this, & can be toggled off). Unfortunately, this would mean you would have to draw the lines manually yourself if you wish to use them on intraday timeframes. - You may also encounter the 'Pine cannot determine the referencing length of a series. Try using max_bars_back' error. This occurs when the lookback period is very high & the indicator attempts to recalculate I believe. If this happens then reload the indicator. The logic I used to obtain the highest volume days were to put all of the volume days in a given period in 1 array, then to sort them from highest to lowest, & also store their sorted indices in an separate array as well, so that drawings for each volume day could be done from the 2 arrays. //Volume for last N periods var int pastVol = array.new_int(lookbackPeriodFixed) for i = 0 to lookbackPeriodFixed - 1 array.set(pastVol, i, int(volume )) sortedIndices = array.sort_indices(pastVol, order.descending) //All Indices of sorted volume from highest to lowest sortedIndices2 = array.slice(sortedIndices, 0, highestVolDays) //Indices of sorted volume from highest to lowest array.sort(pastVol, order.descending) //All Volume sorted from highest to lowest pastVol2 = array.slice(pastVol, 0, highestVolDays) //Volume sorted from highest to lowest //Drawings for i = 0 to highestVolDays - 1 index := array.get(sortedIndices, i) vol := array.get(pastVol, i) Since these array sizes were determined from the lookback period, it would mean that the request.security() function used to obtain daily values on intraday timeframes wouldn't work for a lookback period >20 (20 * 2 values I believe, which are the day VWAP & the day volume) as TradingView has put a maximum amount of calls of 40 in 1 script. Therefore, for intraday plots to work I would have to change the logic for getting the day VWAP & day volume for the highest days, as the request.security() function doesn't work on for loops, & this would also mean that the user would only be able to draw lines from up to 20 highest volume days instead of 250. I couldn't go forward with this as I wasn't able to find the logic to pick the highest volume days & their day VWAPs & times (indexes) without using a for loop. If anyone has any solutions (including for the 'Pine cannot determine the referencing length of a series. Try using max_bars_back' error) then please let me know. I've also left commented-out code for dealing with intraday drawings for future use.
Pine Script™ indicator
by vnhilton
12