Volume Delta DivergenceThis script will show the bid and ask volume of each candle. TVC:USOIL
The green bar is Ask Volume and Red Bar is Bid Volume.
出来高プロファイル
Volume Supply and Demand ZonesDraws supply and demand zones of 3 types, based on 3 different volume threshold parameters.
The timeframe of the script is fixed (you can change it in the options), so for example it is possible to keep Daily S/D zones while looking at 1h chart.
Initial Balance - (IB)Hello Traders,
--->> Initial Balance (IB) which plays a very important role in Day Trading, that can be used as a referance area <<---
This indicator plots the 1 Hr IB high and low area that can be used as a tool for trading decision.
Will be very helpful to the traders who has idea about Volume Profile trading.
Just a note :
If the IB is narrow compared to the prev day then one can expect a breakout, if IB is extended then the day might be oscillating inside the area only.
nothing fancy :)))
cheers,
enjoy
Sanjay Ramanathan
Volume Profile Free Pro (25 Levels Value Area VWAP) by RRBVolume Profile Free Pro by RagingRocketBull 2019
Version 1.0
All available Volume Profile Free Pro versions are listed below (They are very similar and I don't want to publish them as separate indicators):
ver 1.0: style columns implementation
ver 2.0: style histogram implementation
ver 3.0: style line implementation
This indicator calculates Volume Profile for a given range and shows it as a histogram consisting of 25 horizontal bars.
It can also show Point of Control (POC), Developing POC, Value Area/VWAP StdDev High/Low as dynamically moving levels.
Free accounts can't access Standard TradingView Volume Profile, hence this indicator.
There are 3 basic methods to calculate the Value Area for a session.
- original method developed by Steidlmayr (calculated around POC)
- classical method using StdDev (calculated around the mean VWAP)
- another method based on the mean absolute deviation (calculated around the median)
POC is a high volume node and can be used as support/resistance. But when far from the day's average price it may not be as good a trend filter as the other methods.
The 80% Rule: When the market opens above/below the Value Area and then returns/stays back inside for 2 consecutive 30min periods it has 80% chance of filling VA (like a gap).
There are several versions: Free, Free Pro, Free MAX. This is the Free Pro version. The Differences are listed below:
- Free: 30 levels, Buy/Sell/Total Volume Profile views, POC
- Free Pro: 25 levels, +Developing POC, Value Area/VWAP High/Low Levels, Above/Below Area Dimming
- Free MAX: 50 levels, packed to the limit
Features:
- Volume Profile with up to 25 levels (3 implementations)
- POC, Developing POC Levels
- Buy/Sell/Total/Side by Side View modes
- Side Cover
- Value Area, VAH/VAL dynamic levels
- VWAP High/Low dynamic levels with Source, Length, StdDev as params
- Show/Hide all levels
- Dim Non Value Area Zones
- Custom Range with Highlighting
- 3 Anchor points for Volume Profile
- Flip Levels Horizontally
- Adjustable width, offset and spacing of levels
- Custom Color for POC/VA/VWAP levels and Transparency for buy/sell levels
Usage:
- specify max_level/min_level for a range (required in ver 1.0/2.0, auto/optional in ver 3.0 = set to highest/lowest)
- select range (start_bar, range length), confirm with range highlighting
- select mode Value Area or VWAP to show corresponding levels.
- flip/select anchor point to position the buy/sell levels, adjust width and spacing as needed
- select Buy/Sell/Total/Side by Side view mode
- use POC/Developing POC/VA/VWAP High/Low as S/R levels. Usually daily values from 1-3 days back are used as levels for the current day.
- Green - buy volume of a specific price level in a range, Red - sell volume. Green + Red = Total volume of a price level in a range
There's no native support for vertical histograms in Pinescript (with price axis as base)
Basically, there are 4 ways to plot a series of horizontal bars stacked on top of each other:
1. plotshape style labeldown (ver 0 prototype discarded)
- you can have a set of fixed width/height text labels consisting of a series of underscores and moving dynamically as levels. Level offset controls visible length.
- you can move levels and scale the base width of the volume profile histogram dynamically
- you can calculate the highest/lowest range values automatically. max_level/min_level inputs are optional
- you can't fill the gaps between levels/adjust/extend width, height - this results in a half baked volume profile and looks ugly
- fixed text level height doesn't adjust and looks bad on a log scale
- fixed font width also doesn't scale and can't be properly aligned with bars when zooming
2. plot style columns + hist_base (ver 1.0)
- you can plot long horizontal bars using a series of small adjacent vertical columns with level offsets controlling visible length.
- you can't hide/move levels of the volume profile histogram dynamically on each bar, they must be plotted at all times regardless - you can't delete the history of a plot.
- you can't scale the base width of the volume profile histogram dynamically, can't set show_last from input, must use a preset fixed width for each level
- hist_base can only be a static const expression, can't be assigned highest/lowest range values automatically - you have to specify max_level/min_level manually from input
- you can't control spacing between columns - there's an equalizer bar effect when you zoom in, and solid bars when you zoom out
- using hist_base for levels results in ugly load/redraw times - give it 3-5 sec to finalize its shape after each UI param change
- level top can be properly aligned with another level's bottom producing a clean good looking histogram
- columns are properly aligned with bars automatically
3. plot style histogram + hist_base (ver 2.0)
- you can plot long horizontal bars using a series of small vertical bars (horizontal histogram) instead of columns.
- you can control the width of each histogram bar comprising a level (spacing/horiz density). Large enough width will cause bar overlapping and give level a "solid" look regardless of zoom
- you can only set width <= 4 in UI Style - custom textbox input is provided for larger values. You can set width and plot transparency from input
- this method still uses hist_base and inherits other limitations of ver 2.0
4. plot style lines (ver 3.0)
- you can also plot long horizontal bars using lines with level offsets controlling visible length.
- lines don't need hist_base - fast and smooth redraw times
- you can calculate the highest/lowest range values automatically. max_level/min_level inputs are optional
- level top can't be properly aligned with another level's bottom and have a proper spacing because line width uses its own units and doesn't scale
- fixed line width of a level (vertical thickness) doesn't scale and looks bad on log (level overlapping)
- you can only set width <= 4 in UI Style, a custom textbox input is provided for larger values. You can set width and plot transparency from input
Notes:
- hist_base for levels results in ugly load/redraw times - give it 3-5 sec to finalize its shape after each UI param change
- indicator is slow on TFs with long history 10000+ bars
- Volume Profile/Value Area are calculated for a given range and updated on each bar. Each level has a fixed width. Offsets control visible level parts. Side Cover hides the invisible parts.
- Custom Color for POC/VA/VWAP levels - UI Style color/transparency can only change shape's color and doesn't affect textcolor, hence this additional option
- Custom Widh for levels - UI Style supports only width <= 4, hence this additional option
- POC is visible in both modes. In VWAP mode Developing POC becomes VWAP, VA High and Low => VWAP High and Low correspondingly to minimize the number of plot outputs
- You can't change buy/sell level colors (only plot transparency) - this requires 2x plot outputs exceeding max 64 limit. That's why 2 additional plots are used to dim the non Value Area zones
- Use Side by Side view to compare buy and sell volumes between each other: base width = max(total_buy_vol, total_sell_vol)
- All buy/sell volume lengths are calculated as % of a fixed base width = 100 bars (100%). You can't set show_last from input
- Sell Offset is calculated relative to Buy Offset to stack/extend sell on top of buy. Buy Offset = Zero - Buy Length. Sell Offset = Buy Offset - Sell Length = Zero - Buy Length - Sell Length
- If you see "loop too long error" - change some values in UI and it will recalculate - no need to refresh the chart
- There's no such thing as buy/sell volume, there's just volume, but for the purposes of the Volume Profile method, assume: bull candle = buy volume, bear candle = sell volume
- Volume Profile Range is limited to 5000 bars for free accounts
P.S. Cantaloupia Will be Free!
Links on Volume Profile and Value Area calculation and usage:
www.tradingview.com
stockcharts.com
onlinelibrary.wiley.com
Highest Volume Index by ParaticaIt's an algorithm used in Paratica. It shows volume based volatility.
Short Premium Average (@BTC_JackSparrow)Used to calculate average premium on shorts.
Choose index and contract tickers & you are good to go.
Analyze for each asset what PA premium on a certain side leads to.
Use this to get an understanding for HTF bias.
% Volume (%V)Read about it in the book of Buff Pelz Dormeier "Investing with Volume Analysis: Identify, Follow, and Profit from Trends" .
Normalized volume ( %V ) is a concept that uses an average of volume to plot volume. The volume total for the current bar is divided by the average volume (over the last n bars) to form a ratio. This ratio is multiplied by 100 and plotted in the same way that traditional volume is plotted as vertical bars on the horizontal plane, which creates a normalized volume scale of 0 to 100 . This allows for easy interpretation of volume’s relative movements, with 50 being typical or average volume, numbers below 50 being light volume, and numbers above 50 being heavier volume.
Good luck!
Volume Profile: Intra-bar VolumeThis indicator was developed as part of a free blog post tutorial on the Backtest-Rookies website for detailed code commentary, head over there.
Scope
The indicator shall attempt to do the following:
Look at a lower time-frame. E.g 5 minutes when on a 1-hour chart.
Create a function to loop through through candles and make an assessment.
If the candle it closed up, the volume will be categorized as buying volume. Conversely, if it closed down, the volume will be categorized as selling volume
The function will then be passed to the security() function to run on a lower timeframe.
All buying volume and selling volume from the lower time-frame shall be summed and displayed on the main chart.
Important Note
This indicator will not give you genuine buying or selling volume. It simply follows the assumption that if price closed up, there must have been more buyers than sellers and if it closed down we assume the opposite.
Usage
In order to use this indicator, users will need to calculate how many lower time-frame bars are contained in the time-frame on the main chart. So for example, the default settings are configured for the indicator to be run on the 1H chart. As a result, we need to set the "Bars on Lower Timeframe" input to 12. This is because there are 12 x 5-minute bars in 60 minutes.
Angled Volume Profile [feeble]BETA VERSION
this indicator maps volume as brightness over an SMA. the brightness then fades over time.
It draws 30 bands, so you will need to load multiple instances to get a large picture.
Configure the settings, then copy and paste the indicator, modifying only the vertOffset attribute each time
Patience, bruh. This takes a long time load. Chrome runs it faster than Firefox. ¯\_(ツ)_/¯
Please let me know if you can think of how to optimize it.
Feedback is appreciated is you use it :)
sample with 6 instances:
settings:
useLog: enable if you are using a log graph
rowHeight: resolution of rows.
vertOffset: normally if you have 5 instances, the values will be -2,-1,0,1,2
fadeAmt: how long it takes for volume to fade once it is picked up
volumeMin and Max: the volume range displayed.
volumeResolution: time resolution at which volume data is collected - this is why the fadeAmt is so high, and why the graph runs out of data after a period back
EMA length: its Actually SMA but I wrote it wrong. eg. for a 20 day period on a 15min chart you go ( 20 days x 24 hrs x 4 quarter hours = 1920) - I hope to automate this in a future version :p
Real Volume BTCStudy based and adjusted in real Bitcoin volume. It shows important areas of great activity that will help you make better decisions.
This indicator also shows complete cycles of price action based on volume.
In combination with other indicators, it becomes a powerful tool.
Volume Squeeze Momentum by HypesterTradingview is basically composed by reskins of many great contributors such as Chrismood, Lazybear, RicardoSandos and a few others. Without those guys I would not be able to learn how to code PINE - since the "documentation" is horrible and support is basically also non-existent. So thank you!
So here is another contribution to the community, which I chose to not disclose the code since the community usually reskin the code and do not give credit and this code is 100% mine.
I believe that the volume tools available are poor and lagging so here is my contribution.
I use this tool to filter noise and eliminate fake reversal signals, momentum readings and trend changes on my Spectro M. Use at your own risk.
I've added some pre-set volume profiles and trend configs. Also, the bar colors for ease of use, and all of that can be easily turned on/off and changed in the config menu.
Let me know what you think!
Δ Volume Finder Vol Delta v1.0 by 🇨🇷🇾🇵🇹🇴🇷🇹🇭🇾🇭🇲🇸Δ Volume Finder Vol Delta v1.0 by 🇨🇷🇾🇵🇹🇴🇷🇹🇭🇾🇭🇲🇸
General Description
💰This indicator is given FREE to all our premium indicator subscribers.
🔊Volume Finder is an indicator designed to provide additional insights, and actionable information from the vanilla volume indicator you are all used to.
ℹ More information is never a bad thing! This indicator gives you several tools in one package. The aim is to give volume some additional depth and utility.
🕞The indicator works on any timeframe and any market that has basic volume data (stocks, forex, crypto).
📜 Features
🎚 First off the volume bars are split into positive volume and negative volume. This allows you to more easily visualize the amount of a "green" candle that was actually SELLS, and vice versa - the amount of a "red" candle that were actually BUYS.
🌈It will auto gradient the volume levels based on historical volume range for whatever instrument you are looking at. Yellow bars are deviated outside the lower range (many times this will precede a breakout / breakdown).
🚫If you do not wish to set the auto gradient, you can manually set the levels you would like via settings, or turn it off.
🚦 Next is the Volume Delta. This is the line that is oscillating above and below zero. This shows you the net positive or negative volume. In other words, it shows you the total positive or negative volume.
➕➖ Third are options for EMA plots of the total positive volume and total negative volume. This should be pretty self explanatory.
📩 Lastly is a system that generates alerts when volume breaks out past a certain user defined level. You can plot these alerts as one or both of the following: colored bars on the price chart, or alert bubbles within the indicator pane.
💭Please leave me any ideas or feedback you have!
💬Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isnt open only to subscribers - everyone is welcome to join.
Relative Volume - VPA / VSA / Better VolumeVolume is important.
Volume is VERY important.
But all the existing methods of volume analysis and order flow analysis fall into the same trap: they're all extremely complicated, hard to learn, and difficult for the human brain to distill down to an actual, tradable signal.
The Relative Volume Gradient Paintbars indicator seeks to address this issue by reducing and simplifying concepts from Volume Price Analaysis (VPA), Volume Spread Analysis (VSA), and Market Profile / Volume Profile into a single indication with varying levels of intensity. Rather than adding more complex symbology and cluttering up your charts with arrows and signals and lines as many volume indicators do, relative volume intuitively takes advantage of the dimension of color, and plays to your brain's automatic recognition of color intensity to highlight areas of interest on a chart where large volumes are being traded. These areas can in turn point out levels of support and resistance, or show strength in a move, exposing the actions of larger market participants that are behind a move.
The Relative Volume indicator can calculate based on a time-segmented / time-based / bar-specific average of volume, adjusting for some of the typical spikes in volume that happen at the beginning and end of a trading day; Or it can be calculated based on any length and type of moving average of volume that is desired: simple, exponential, weighted, Wilders, price-weighted, Hull, or TEMA.
This indicator does more than just normal relative share volume. It can also do relative volume-per-range. The idea behind this setting is that when more volume is being traded but very little movement is happening, this can indicate substantial support or resistance, where a lot of trades are likely being absorbed by larger operators. You can choose your own range calculation for this setting, whether you prefer True Range, high-low range, candle body range, close to close range, or any of several other custom settings.
Moreover, the levels or thresholds at which the color intensity changes are completely user-controlled, so you can adjust them upward to tune out more noise, or downward to increase the level of sensitivity. In addition, all of the colors for each of the thresholds are completely user-controlled.
We hope to see TradingView add support for Richard Arms' CandleVolume or Equivolume before too long, as well as Tick Volume or Trade Count Volume data, all of which can add a lot of power to this method of trading.
VFAP Bands: Volume Flow Aggregate Price Lite [NeoButane]A lighter trial version of VFAP Bands:
This current iteration is only usable on Coinbase's LTCUSD ticker.
See more info about VFAP Bands here: medium.com
VFAP Bands: Volume Flow Aggregate Price [NeoButane]What VFAP accomplishes is finishing what VWAP started, which is to find the best liquidity for market makers to profit off the bid/ask spread. What price is the best? Of course, nobody would tell you this. Otherwise it would be easy for bigger market participants to hunt or prevent being hunted.
This is where VFAP comes in: by being able to visualize optimal liquidity zones, you will be able to enter/exit positions at the safest entries, front run the market makers, and get stopped out at the coolest prices.
The bands are consistently wicked into and provide insight to minute timeframe movements. The levels are areas of high volume where traders may be trapped or defending their position.
See here for pricing and more information: medium.com
Pictured below are the true basis bands. In a tightening/nonvolatile range, They are able to pre-define the range by having a modified formula and being sooner to update than the traditional VFAP bands.
Trial version here:
MVWAP Scalper Prototype [NeoButane]This is a tool that is best utilized on timeframes under 30 minutes.
Besides the MVWAP, the horizontal levels provide support/resistance and shows a 'magnet' to where price might go again.
FIG - Volume Spread analysis Volume spread analysis is a very powerful tool developed by Tom Williams. Probably considered as the father of Volume spread analysis. He is a Syndicate trader who knows well about how smart moneys are playing their role.
I have developed an Indicator with Trading View called Volume spread analysis. We in FIG strongly believe that, we cannot beat or out perform institutional traders, instead we have to travel along with them . With that in mind we follow the footprints of Smart players who leave behind trails. People who are wise enough pick the trails along with us and earn descent amount of profit.
I have designed this indicator, so that it is capable of giving signals for all the phenomenon explained in the Tom Williams book.
Note The calculation of spread and volume are based on my research and analysis. To know more about me and my trading skills just follow me in trading view.
This Indicator is successful for the following phenomenon presently.
Trapped Buyers
Trapped Sellers
Stopping Volume (long)
Buying Climax
Selling Climax
I will be giving constant updates to indicator whenever a signal becomes successful. Other indicators are under test. so kindly disable those indicators in the settings window,. after an update you can start using other phenomenons.
Stay tuned. Follow us in ( FIG )
Volume spread for VSAThis indicator tells us whether the volume is ultrahigh volume,high volume, low volume or average volume. These volume has to be used along with price spread.
Wait for the VSA indicator it will be released in one month.
