Cumulative Delta [TradingFinder] Volume + Periodic + EMA🔵 Introduction
To fully grasp the concept of Cumulative Volume Delta (CVD), it's essential first to understand Volume Delta. In trading and technical analysis, the term "Delta" typically refers to the difference between two values or the rate of change between two data points.
Volume Delta represents the difference between buying and selling pressure, calculated for each candlestick on a chart. This difference can vary across different timeframes.
A positive delta indicates that buying volume exceeds selling volume, while a negative delta shows that selling volume is greater. When buying and selling volumes are equal, the volume delta equals zero.
🟣 What is Cumulative Volume Delta (CVD)?
Cumulative Volume Delta (CVD) is a powerful tool in technical analysis that aggregates delta values for each candlestick, creating a comprehensive indicator that helps traders assess market trends.
Unlike the standard Volume Delta, which compares delta on a candle-by-candle basis, CVD provides insight into the overall buying and selling pressure during key market swings. A downward-trending CVD suggests that selling pressure is dominating, which is typically a bearish signal.
Conversely, an upward-trending CVD indicates bullish sentiment. This analysis becomes even more significant when comparing CVD with price action and market structure, helping traders to predict asset price directions.
By evaluating market highs and lows, one can determine the market trend. A consistent rise in these points indicates an uptrend, while a consistent fall suggests a downtrend.
🔵 How to Use
Understanding how to detect trend changes using Cumulative Volume Delta is crucial for traders. Typically, CVD aligns with market structure, moving in the same direction as price trends.
However, divergences between CVD and price trends or signs of exhaustion in volume can be powerful indicators of potential market reversals. Recognizing these patterns can help traders make informed decisions and improve their trading strategies.
🟣 Identifying Trend Exhaustion with Cumulative Volume Delta (CVD)
The Cumulative Volume Delta (CVD) indicator is especially effective in identifying weakening trends in the market. For instance, if gold's price hits a new low, but CVD does not follow suit, this may indicate a lack of seller interest despite the new low, signaling potential seller exhaustion.
Most traders interpret this as a possible reversal from a bearish to a bullish trend. Similarly, if gold reaches a new high but CVD fails to do the same, it can suggest that buyers lack the strength to push the market higher, indicating a possible trend reversal.
🟣 Utilizing Cumulative Volume Delta (CVD) Divergence in Price Trend Analysis
Another effective use of CVD is identifying divergences in price trends. For example, if CVD breaks a previous high or low while the price remains stable, this divergence often indicates that buying or selling pressure is being absorbed.
For instance, if CVD rises sharply without a corresponding increase in gold prices, it may suggest that sellers are absorbing the buying pressure, potentially leading to a strong sell-off. Conversely, if gold prices remain stable while CVD declines, it could indicate that buyers are absorbing selling pressure, likely leading to a price increase once selling subsides.
🔵 Setting
Cumulative Mode : It has three modes "Total", "Periodic" and "EMA". In "Total" mode, it collects the volume from the beginning to the end. In "Periodic" mode, it accumulates the volume periodically and in "EMA" mode, it calculates the moving average of the volume.
Period : You can set the period of " Periodic " and " EMA " modes.
Market Ultra Data : If you turn on this feature, 26 large brokers will be included in the calculation of the trading volume.
The advantage of this capability is to have more reliable volume data. You should be careful to specify the market you are in, FOREX brokers and Crypto brokers are different.
🔵 Conclusion
Cumulative Volume Delta (CVD) is a powerful analytical tool in financial markets that helps analysts and traders assess buying and selling pressure by aggregating and combining the volume delta for each candlestick.
CVD can indicate the strength or weakness of a market trend. When CVD moves upward, it signals that buying pressure is dominant and is considered a bullish signal; conversely, a downward movement in CVD indicates that selling pressure is stronger and is viewed as a bearish signal.
This indicator is particularly effective in identifying divergences and exhaustion in market trends. For example, if CVD does not align with price movements, it may suggest a potential trend reversal.
Traders use this information to make more informed trading decisions, especially when identifying entry and exit points in the market.
Overall, CVD is a tool that enables analysts to better understand market fluctuations and more accurately predict future market trends.
X-volume
Follow the Volumes / Path of Least ResistanceThis indicator tracks price movements following significant volume increases. It identifies volume spikes by comparing recent average volume to a longer-term average. After a spike, it monitors price changes over a specified number of bars.
In plain English, the point of this is to “let the market show it’s hand”, vs. other common and preemptive methods of execution.
You can think of it as a better version of a volume up/down indicator which only uses opening and closing prices to identify "bullish" or "bearish" behavior.
To optimize this, I used a very small range chart, hence the small values. You will need to experiment with other values, ESPECIALLY the % change. If you do not do this, the indicator will generate a lot of noise.
The indicator has three main conditions:
1. Significant price increase, bullish: A green triangle appears below the bar.
2. Significant price decrease, bearish: A red triangle appears above the bar.
3. Price change within thresholds: A fuschia triangle appears, pointing up or down based on the overall (short-term) trend. This is common behavior during trends. A spike in volume will appear, and price simply does not budge. Volume/price is essentially declaring a new found value, in which case prices tend to follow the impulse movement (see market profile theory).
The color scheme is intuitive: green for positive moves, red for negative, and fuschia for subtle changes following the existing trend. Blue circles mark volume spikes for reference, which I recommend using only for reference, and disabling to remove unneeded noise.
Because this indicator "lags" in the sense of waiting for the market to show its hand, best opportunities are typically found on retests of the volume spikes themselves. On drives, however, the market will unlikely pullback, which (in my view) is one of its best use cases.
Bottom line, you will need to adjust the parameters to the instrument. This is not a plug and play solution, but far more accurate than those which are.
Settings, and what they mean:
Volume spike average bars: length for identification of high volumes. On smaller timeframes, such as my optimization period, you’ll want several bars. But on something such as a 5 minute or higher, only 1.
Lookback period: for identification of high volumes.
Volume Increase Threshold (%): % which constitutes a jump in volume
Bars After Spike: How long to wait for ensuing price movement. Also sensitive to the timeframe you are using. 1-2 recommended for 5m+, more for smaller range-based.
Negative Price Change Threshold (%): For red arrows (Volume + Price Movement)
Positive Price Change Threshold (%): Inverse of above
WMA Period for Stability Function: When price spikes on high volumes but does not move (price is “trapped” between negative and positive price change thresholds) the indicator marks direction (in fuchsia) in the direction of the underlying trend. This short-term MA identifies that trend.
Finally, because this indicator is volume-based, I recommend using primary instruments only and discourage its use on CFDs or other firm-generated instruments. Just use the primary. I would ignore signals off the open, which is subject to erroneous behavior. Other methods are far more effective for that.
This script is purposely uncomplicated. Feel free to play with settings and change code to suit your needs.
VWAP Bands [TradingFinder] 26 Brokers Data (Forex + Crypto)🔵 Introduction
Indicators are tools that help analysts predict the price trend of a stock through mathematical calculations on price or trading volume. It is evident that trading volume significantly impacts the price trend of a stock symbol.
The Volume-Weighted Average Price (VWAP) indicator combines the influence of trading volume and price, providing technical analysts with a practical tool.
This technical indicator determines the volume-weighted average price of a symbol over a specified time period. Consequently, this indicator can be used to identify trends and entry or exit points.
🟣 Calculating the VWAP Indicator
Adding the VWAP indicator to a chart will automatically perform all calculations for you. However, if you wish to understand how this indicator is calculated, the following explains the steps involved.
Consider a 5-minute chart. In the first candle of this chart (which represents price information in the first 5 minutes), sum the high, low, and close prices, and divide by 3. Multiply the resulting number by the volume for the period and call it a variable (e.g., X).
Then, divide the resulting output by the total volume for that period to calculate your VWAP. To maintain the VWAP sequence throughout the trading day, it is necessary to add the X values obtained from each period to the previous period and divide by the total volume up to that time. It is worth noting that the calculation method is the same for intervals shorter than a day.
The mathematical formula for this VWAP indicator : VWAP = ∑ (Pi×Vi) / ∑ Vi
🔵 How to Use
Traders might consider the VWAP indicator as a tool for predicting trends. For example, they might buy a stock when the price is above the VWAP level and sell it when the price is below the VWAP.
In other words, when the price is above the VWAP, the price is rising, and when it is below the VWAP, the price is falling. Major traders and investment funds also use the VWAP ratio to help enter or exit stocks with the least possible market impact.
It is important to note that one should not rely solely on the VWAP indicator when analyzing symbols. This is because if prices rise quickly, the VWAP indicator may not adequately describe the conditions. This indicator is generally used for daily or shorter time frames because using longer intervals can distort the average.
Since this indicator uses past data in its calculations, it can be considered a lagging indicator. As a result, the more data there is, the greater the delay.
🟣 Difference Between VWAP and Simple Moving Average
On a chart, the VWAP and the simple moving average may look similar, but these two indicators have different calculations. The VWAP calculates the total price considering volume, while the simple moving average does not consider volume.
In simpler terms, the VWAP indicator measures each day's price change relative to the trading volume that occurred that day. In contrast, the simple moving average implicitly assumes that all trading days have the same volume.
🟣 Reasons Why Traders Like the VWAP Indicator
The VWAP Considers Volume: Since VWAP takes volume into account, it can be more reliable than a simple arithmetic average of prices. Theoretically, one person can buy 200,000 shares of a symbol in one transaction at a single price.
However, during the same time frame, 100 other people might place 200 different orders at various prices that do not total 100,000 shares. In this case, if you only consider the average price, you might be mistaken because trading volume is ignored.
The Indicator Can Help Day Traders: While reviewing your trades, you might notice that the shares you bought at market price are trading below the VWAP indicator.
In this case, there's no need to worry because with the help of VWAP, you always get a price below the average. By knowing the volume-weighted average price of a stock, you can easily make an informed decision about paying more or less than other traders for the stock.
VWAP Can Signal Market Trend Changes: Buying low and selling high can be an excellent strategy for individuals. However, you are looking to buy when prices start to rise and sell your shares when prices start to fall.
Since the VWAP indicator simulates a balanced price in the market, when the price crosses above the VWAP line, one can assume that traders are willing to pay more to acquire shares, and as a result, the market will grow. Conversely, when the price crosses below the line, this can be considered a sign of a downward movement.
🔵 Setting
Period : Indicator calculation time frame.
Source : The Price used for calculations.
Market Ultra Data : If you turn on this feature, 26 large brokers will be included in the calculation of the trading volume.
The advantage of this capability is to have more reliable volume data. You should be careful to specify the market you are in, FOREX brokers and Crypto brokers are different.
Multiplier : Coefficient of band lines.
Momentum Candles by @PipsandProfitFXThe High Momentum Candles indicator highlights price bars with exceptional price movement and strong volume. It identifies candles with significantly long bodies relative to their shadows, indicating rapid price changes. Additionally, the indicator filters for candles with above-average volume to confirm the strength of the price movement.
Dark red: bearish momentum
Orange: bullish momentum
(You can easily change the momentum candles to whatever color you want in the indicator settings.)
By visually emphasizing these high momentum candles, traders can potentially identify potential trend reversals or continuations, as well as potential entry and exit points.
Key Features:
Identifies candles with large bodies relative to their shadows
Filters candles based on volume to confirm strength
Highlights high momentum candles with a distinct color
Let me know if you'd like to see any updates on this indicator.
Note: This indicator is a visual tool and should be used in conjunction with other technical analysis techniques for making informed trading decisions.
Stef's Dollar Volume CounterStef's Dollar Volume Counter is my second script that I've worked on and coded. I am proud of this script because it does something very, very important: it counts the AMOUNT of money traded, not just the amount shares/contracts traded. This is key for understanding where the big and small money is.
This script is totally different from other Volume scripts because it shows the amount of money traded, NOT the shares/contracts/coins etc. Also, more importantly, it is different from other volume indicators in the same space because this script is specifically focused on showcasing specific dollar volume amounts either as a table or as a label.
Here are the 5 key features you can utilize with this:
1. Customizable Gradient Colors for BIG money and SMALL money: Visually distinguishes between high and low dollar volumes. Change the colors as needed in the indicator settings menu.
2. Dollar Volume Counter Table: Positioned at the bottom right of the chart, this table provides quick insights into the highest, lowest, and average dollar volumes over a specified period. You can customize the time period in the settings menu.
3. "Wow! Much Money!" Labels: Highlights the top three recent highest dollar volumes within the visible chart area, emphasizing significant trading periods. Also, it's hilarious :)
4. Customize the period for volume analysis, ranging from 1 to 12 months or more, with the selected timeframe displayed in the table.
5. It opens as a new pane below the chart so that you can still analyze price and more, as needed.
Thanks for reading! I look forward to hearing your feedback. This script will be updated to expand on more concepts and I'll add some cool features soon.
Session VWAPS [QuantVue]The Session VWAPS indicator is a designed for traders to enhance their trading analysis by incorporating Volume Weighted Average Price (VWAP) anchored to custom-defined trading sessions.
This indicator automatically plots VWAPs at three critical points of a user defined session:
🔹session start
🔹session high
🔹session low
Additionally, it provides the option to display the VWAPs from previous sessions, offering a look at potential areas of support and resistance.
Anchored VWAP, or Anchored Volume-Weighted Average Price, is a technical analysis tool used to determine the average price of a stock weighted by volume, starting from a specific point in time chosen by the analyst.
Unlike traditional VWAP, which starts at the beginning of the trading session, the anchored VWAP allows traders to select any point on the chart, such as a significant event, price low, high, or a breakout, to begin the calculation.
VWAP incorporates price and volume in a weighted average and can be used to identify areas of support and resistance on the chart.
Indicator Features:
Custom Session Definition:
Users can define their own trading sessions by specifying start and end times, allowing for tailored analysis according to individual trading strategies or market hours.
Anchored VWAP at Three Key Points:
🔹Session Start VWAP: This VWAP is anchored at the start of the defined session.
🔹Session High VWAP: Anchored at the highest price point within the session.
🔹Session Low VWAP: Anchored at the lowest price point within the session.
Previous Session VWAPs:
The indicator can display VWAPs from the previous session, allowing traders to spot potential areas of support and resistance.
Give this indicator a BOOST and COMMENT your thoughts below!
We hope you enjoy.
Cheers!
Aggressor Volume ImbalanceAggressor volume imbalance represents the ratio between market aggressor buy volume (market buy orders) and market aggressor sell volume (market sell orders). This ratio enables traders to evaluate the interest of market aggressors and whether aggressive market activity favours the price's direction.
Analysing aggressor volume is critical in understanding market sentiment and aids in identifying shifts in momentum and potential exhaustion points in the market. When the aggressor buy volume significantly exceeds the sell volume, it typically indicates strong buying interest, driving prices higher if the offer-side liquidity cannot contain it, and vice versa.
How it Works
The imbalance ratio is calculated as follows, according to the selected session timeframe (see settings):
imbalance := ((buyVolumeAccumulator - sellVolumeAccumulator)
/ (buyVolumeAccumulator + sellVolumeAccumulator)) * 100
Aggressive Volume Imbalance uses lower timeframe historical data to calculate Historical Aggressor Volume Imbalances, while live data is used for live aggressor volume imbalances.
How to Use It
You can set the indicator to use any historical data timeframe you prefer. However, it is highly recommended to use lower timeframes (e.g., 1 second), as the lower the timeframe, the more granular the data.
The indicator resets to 0% whenever a new session timeframe begins (e.g., a new day) and calculates new values for the rest of the session. This can be configured in the settings.
Significant Volume with Price Changes HighlightedSignificant Volume with Price Changes Highlighted
The "Significant Volume with Price Changes Highlighted" indicator by PappyTrading is a powerful tool designed to help traders identify significant volume spikes and price changes in the market. This indicator overlays the volume bars on the price chart and highlights them based on specific volume and price change conditions, providing a clear visual representation of market activity.
What It Does
This indicator calculates the moving average of the volume over a specified period and compares the current volume to this average. It also calculates the daily percentage change relative to the previous day's close and compares this to its moving average. The volume bars are then color-coded based on the following conditions:
Bright Green (#089981): Indicates a significant volume spike with an above-average price increase.
Bright Red (#f23645): Indicates a significant volume spike with an above-average price decrease.
Green with 60% transparency: Indicates a normal up day with a price increase but not a significant volume spike.
Red with 60% transparency: Indicates a normal down day with a price decrease but not a significant volume spike.
Additionally, the indicator plots a 20-period simple moving average (SMA) of the volume, providing a reference point to understand the general volume trend.
How It Works
Volume Calculation:
The indicator calculates the 20-period SMA of the volume and compares the current volume to this average to determine if there is a significant volume spike.
Price Change Calculation:
The indicator calculates the daily percentage change in price relative to the previous day's close and compares this to the 20-period SMA of the percentage change to identify significant price movements.
Color Coding:
The volume bars are color-coded based on the combination of the volume and price change conditions. This visual representation allows traders to quickly identify significant market activities.
How to Use It
Overlay on Chart:
Add the "Significant Volume with Price Changes Highlighted" indicator to your chart. The volume bars will be displayed at the bottom of the chart, color-coded based on the conditions described above.
Identify Market Activity:
Use the color-coded volume bars to identify significant market activities. Bright green bars indicate strong buying pressure, while bright red bars indicate strong selling pressure. Transparent green and red bars indicate normal market activity without significant volume spikes.
Volume Moving Average:
The blue line represents the 20-period SMA of the volume. Use this as a reference to understand the general volume trend and identify deviations from the average.
Concepts Underlying the Calculations
Volume Spikes: Significant volume spikes often precede or accompany major market moves. By highlighting these spikes, traders can gain insights into potential market turning points or continuation patterns.
Price Changes: Large price changes relative to the previous day's close indicate strong market momentum. By comparing these changes to their moving average, the indicator helps traders identify unusually strong buying or selling pressure.
This indicator is ideal for traders who want to gain a deeper understanding of market dynamics by analyzing volume and price changes together. It is suitable for various trading styles, including trend following, swing trading, and scalping.
Multi Exchange Relative Volume IndicatorThe Multi Exchange Relative Volume indicator is a powerful tool designed to visualize the relative volume across different exchanges. This is particularly useful for decentralized securities like forex and crypto, where volume data is spread across multiple markets. By aggregating volume data from various exchanges, this indicator helps traders identify trends, spot unusual volume spikes, and make informed trading decisions.
Key Features:
Multi-Exchange Volume Aggregation: Collects and sums the volume data from up to five different exchanges, offering a holistic view of the market activity.
Customizable Inputs: Easily select and configure up to five different exchanges of your choice to monitor their volume activity.
Relative Volume Visualization: Compares the aggregated volume against historical averages to highlight periods of high or low volume.
Color-Coded Volume Bars: Volume bars are color-coded based on the relative volume percentage, providing quick visual cues:
- Red for volume 1.0-1.5 times the average
- Orange for volume 1.5-2.0 times the average
- Green for volume 2.0-3.0 times the average
- Yellow for volume greater than 3.0 times the average
- Grey for below average volume
Dynamic Lookback Period: Adjust the lookback period to suit your trading style and timeframe, allowing for flexible analysis.
Exponential Moving Average (EMA): Includes an EMA of volume to smooth out short-term fluctuations and highlight longer-term trends.
Scalable Layout: The scaling factor allows you to zoom in or out, adjusting the visual representation of volume data to better fit your chart.
Usage:
Configure Exchanges: Select up to five exchanges you want to monitor from the input settings.
Set Lookback Period and Bars: Customize the lookback period and the number of bars to consider for calculating average volume.
Adjust Scaling: Use the scaling factor to zoom in or out on the volume data for better visualization.
Interpret Volume Bars: Analyze the color-coded volume bars to identify significant changes in volume and potential trading opportunities.
Monitor EMA: Use the EMA line to understand the trend and smooth out noise from the volume data.
The Multi Exchange Relative Volume indicator is an essential tool for traders who want to gain deeper insights into market activity across multiple exchanges. By visualizing relative volume, it helps in identifying potential breakout or breakdown points, enhancing your trading strategy.
Current and Average Volume Table [CHE]Introduction:
The "Current and Average Volume Table " script is designed as a custom indicator for trading platforms that support Pine Script (specifically Pine Script version 5). This indicator provides a compact and informative table summarizing key volume-related metrics for financial instruments, enhancing traders' ability to analyze buying and selling dynamics over a specified period.
Description:
The script calculates and displays essential volume metrics in a customizable table format. It includes options for positioning the table on the chart (e.g., top-right, bottom-left) and adjusting its visual size (auto, huge, large, normal, small, tiny) to fit user preferences and chart layout.
Analysis:
The indicator computes several critical metrics:
Current Volume Metrics:
Current Volume: Displays the total volume traded in the current bar.
Buy Percentage (%): Indicates the proportion of the total volume attributed to buying activities.
Sell Percentage (%): Shows the percentage of the total volume attributed to selling activities.
Average Volume Metrics:
Average Volume: Calculates the simple moving average (SMA) of the volume over a specified number of bars. This provides a smoothed average volume figure, helping traders identify trends or anomalies in trading activity.
Average Buy Percentage (%): Computes the average percentage of buying volume over the SMA period.
Average Sell Percentage (%): Calculates the complementary percentage of selling volume over the SMA period.
The script uses conditional formatting to highlight cells based on comparative values of buy versus sell percentages and their averages. Green shades indicate higher buying activity, while red shades signify higher selling activity, providing a quick visual cue to traders.
Resume:
The "Current and Average Volume Table " script offers traders a concise and insightful tool to monitor and analyze volume dynamics. By displaying current and average volume metrics alongside buy and sell percentages, traders can quickly gauge market sentiment and potential trends. The customizable table placement and size options enhance usability, adapting to individual trading styles and chart preferences.
This script is ideal for traders seeking to incorporate volume analysis into their technical analysis toolkit, providing both real-time insights and historical trend comparisons to inform trading decisions effectively.
This description outlines the functionality, benefits, and practical applications of the script, catering to traders interested in volume-based analysis within the cryptocurrency and traditional financial markets.
Table Volume MultiframeDescription
The Table Volume Multiframe indicator displays volume information across multiple timeframes in a convenient table format. Users can customize the table's position, size, and the specific timeframes to be displayed. This indicator helps traders analyze volume trends and divergences across different timeframes, providing a comprehensive view of market activity. The table shows the total volume, buy percentage, sell percentage, and a countdown timer for the next bar close for each selected timeframe. The countdown function updates consistently to provide real-time information.
Features
- Customizable table position and size
- Selectable timeframes
- Displays volume, buy percentage, sell percentage
- Countdown timer for next bar close
- Real-time updates
Volume Distribution (Heat Map)This Pine Script indicator, "Volume Distribution (Heat Map)" is designed to visualize the distribution of volume across different price levels over a specified lookback period. Here's a detailed breakdown of its functionality and features:
Indicator Overview
User Inputs
Length: The lookback period for analysis, defaulting to 500 bars.
Source: The price source used for calculations (default is the close price).
Color Intensity: Adjusts the intensity of the heatmap colors, with a default value of 25.
Lines Width: The width of the plotted lines, with a default value of 10.
Main Color: The main color used for the heatmap (default is lime).
Logic
The script iterates through the number of bins, calculates the volume for each bin between highest and lowest prices for length period, and updates the corresponding bin in the freq array if the current bar is allowed.
If the current bar is the last bar, the script plots lines and labels based on the volume distribution.
Heatmap Lines:
Solid lines colored based on the volume in each bin, using a gradient from no color to the main color based on amount of volume.
Highest Volume Line:
A dashed red line indicating the bin with the highest volume.
Labels:
Labels for the highest and lowest prices and the volume at the highest volume bin.
Plots
Highest Price Plot: Plots the highest price within the lookback period if the current bar is within the allowed range.
Lowest Price Plot: Plots the lowest price within the lookback period if the current bar is within the allowed range.
Summary
This indicator provides a visual representation of where trading volume is concentrated across different price levels, forming a heatmap. The highest volume level is highlighted with a dashed red line and a label indicating the volume at that level. This can help traders identify significant price levels where trading activity is clustered.
The "Volume Distribution (Heat Map)" indicator is a valuable tool for traders looking to enhance their technical analysis by incorporating volume data into their price charts. It provides a clear and visual representation of where market participants are most active, aiding in better-informed trading decisions.
Consolidation VWAP's [QuantVue]Introducing the Consolidation VWAP's Indicator , a powerful tool designed to identify consolidation periods in stock advance and automatically anchor three distinct VWAPs to key points within the consolidation.
Consolidation Period Identification:
The indicator automatically detects periods of consolidation or areas on the chart where a stock's price moves sideways within a defined range. This period can be seen as the market taking a "breather" as it digests the previous gains. Consolidations are important because they often act as a base for the next move, either continuing the previous uptrend or reversing direction.
Consolidation requirements can be customized by the user to match your instrument and timeframe.
Maximum Consolidation Depth
Minimum Consolidation Length
Maximum Consolidation Length
Prior Uptrend Amount
Anchored VWAP, or Anchored Volume-Weighted Average Price, is a technical analysis tool used to determine the average price of a stock weighted by volume, starting from a specific point in time chosen by the analyst.
Unlike traditional VWAP, which starts at the beginning of the trading session, the anchored VWAP allows traders to select any point on the chart, such as a significant event, price low, high, or a breakout, to begin the calculation.
VWAP incorporates price and volume in a weighted average and can be used to identify areas of support and resistance on the chart.
VWAP Anchored to Consolidation High: This VWAP is anchored at the highest price point within the identified consolidation period. It helps traders understand the
average price paid by buyers who entered at the peak of the consolidation.
VWAP Anchored to Consolidation Low: This VWAP is anchored at the lowest price point within the consolidation. It provides insights into the average price paid by
buyers who entered at the lowest point of the consolidation.
VWAP Anchored to Highest Volume in the Consolidation: This VWAP is anchored at the price level with the highest trading volume during the consolidation. It reflects the average price at
which the most trading activity occurred, often indicating a key support or resistance level.
The indicator also allows the trader to see past consolidation areas and previous anchored VWAP's.
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers!
OrderFlow Absorption IndicatorWhat it Does
The OrderFlow Absorption Indicator marks areas where the price absorbs a large volume of aggressive market trades. This indicates areas where price may bounce back due to large limit (resting) orders absorbing significant aggressor volume (market orders). Absorption can also be seen as "preventing" or "stopping" the other side from breaking through a price level (e.g. bids stopping an influx of sell market orders). Absorption may signal a change in sentiment, potentially leading to a pullback or reversal.
An Example of Absorption
Of course, it is not always the case that such bullish absorption will initiate a trend as the example above. The OrderFlow Absorption Indicator merely serves as a tool for spotting possible absorption points in the market which you can incorporate into your trading arsenal.
How it Works
The indicator actively monitors price changes and records volume accumulated at a price level. If the price bounces back to at least where it was before the current price move, the indicator records this as absorption, provided it meets the Volume Requirement and optional Time Requirement.
How to Use it
1. Set Parameters
Choose your desired tick size and volume filter value. If unsure, refer to the table on the top right of the chart for recommended values. An automatic volume limit filter mode is also available.
Automatic Limit Mode : Enable this mode to have the indicator automatically select a volume filter value. It calculates the standard deviation of the last n minutes of volume and multiplies it by a volume multiplier. You can adjust these parameters.
Higher Volume Filter : Setting a higher volume filter value results in fewer, but higher quality detections, reducing noise.
2. Enabling the Time Limit
Enabling the time limit further improves detection quality by filtering out price levels that can defend against quick, sudden aggressive orders, acting as confirmation and indicating strong sentiment and resilient liquidity.
3. Enabling Historical Data Absorption
The indicator can also detect absorption in historical data, though less accurately than in real-time due to OHLCV aggregation.
You can select the granularity of historical data.
Lower granularity (e.g., 1 second) : Provides more accurate detections but may slow down the indicator.
Higher granularity : Improves speed but reduces detection accuracy.
Other Features
Hovering : When hovering over an absorption point, the interface reveals the price where the absorption occurred, along with the volume absorbed by the bids and asks, as well as the volume filter value used.
Delta Mode : In Delta mode, the system calculates the difference between the volume absorbed by bids and asks, revealing points only when the absolute value of this difference exceeds the volume filter value. Especially useful for larger tick sizes.
Troubleshooting
If the indicator doesn't mark anything, it means the traded volume hasn't exceeded the set volume filter value within the specified price intervals(tick size) and time limit. Adjust these settings as necessary.
Volume Indıcator [JP & Dia]The volume indicator refers to the total amount of a financial instrument that has been traded within a specific time frame. This can include shares, contracts, or lots. Market exchanges track and provide this data. The volume indicator is one of the oldest and most widely used indicators in trading. It is typically represented by colored columns, with green indicating up volume and red indicating down volume, along with a moving average. Unlike other indicators, the volume indicator is not based on price. A high volume suggests a strong interest in a particular instrument at its current price, while a low volume suggests the opposite.
When there is a sudden increase in trading volume, it indicates a higher likelihood of the price changing. This often occurs during news events. Strong trending movements are often accompanied by increased trading volume, which can be seen as a measure of strength. Traders would typically expect to see high buying volume at a support level and high selling volume at a resistance level. There are various ways to incorporate volume into a trading strategy, and many traders combine it with other analysis techniques.
USECASE :
Timeframe Selection: Choose the timeframe for which you want to analyze the volume.
Volume Display Options: Toggle the display of today’s, yesterday’s, and the day before yesterday’s volume data.
Text Color: Select the color for the text in the volume table.
Volume Data Retrieval: The script fetches volume data for the selected timeframe and the daily volume for the current and previous two days.
Percentage Change Calculation: Calculates the percentage change in volume between days to identify significant increases or decreases.
Volume Table: A table is created to display the volume data and percentage changes, updating in real-time with each new bar.
Lower Timeframe Volume BarsDescription:
The Lower Timeframe Volume Bars indicator enhances your TradingView experience by allowing you to visualize volume data from lower timeframes on your current chart. This powerful tool helps you gain deeper insights into volume trends and activity that are not immediately visible on higher timeframe charts. Specifically, it shows the volume data from the last bar of the selected lower timeframe.
Key Features:
Volume Bars from Lower Timeframes:
Display volume data from 1-minute or 1-second timeframes directly on higher timeframe charts, such as 15 minutes or 1 hour.
Each volume bar represents the aggregated volume from the lower timeframe within the selected higher timeframe period.
Enhanced Volume Analysis:
Gain a more detailed understanding of volume spikes and troughs that may be hidden in higher timeframe charts.
Identify potential market turning points and confirm trends with precise volume data.
Customizable Display:
Adjust the appearance of volume bars to fit your chart style and preferences.
Configure settings such as color, size, and positioning of volume bars for optimal visibility and clarity.
Seamless Integration:
Easily add the indicator to any chart in TradingView with a few clicks.
Works in conjunction with other technical indicators and tools to provide a comprehensive analysis environment.
How to Use:
Add the Lower Timeframe Volume Bars indicator to your chart.
Select the lower timeframe you wish to fetch volume data from (e.g., 1-minute or 1-second).
Customize the display settings to match your charting style.
Observe the volume bars overlaying your current chart to analyze volume activity across different timeframes, specifically showing the last bar's volume.
Use the detailed volume information to make informed trading decisions and enhance your market analysis.
Benefits:
Increased Clarity: See detailed volume activity that is often lost in higher timeframe aggregation.
Better Decision Making: Make more informed trading decisions with a clear view of volume trends and spikes.
Improved Trend Confirmation: Use lower timeframe volume data to confirm the strength and sustainability of market trends.
Enhance your trading strategy and gain a deeper understanding of market dynamics with the Lower Timeframe Volume Bars indicator. Visualize, analyze, and trade with confidence by leveraging detailed volume insights from lower timeframes.
[EVI]Enhanced Volume IndicatorEnglish Version
Enhanced Volume Indicator (EVI)
The Enhanced Volume Indicator (EVI) is an advanced yet user-friendly tool designed to measure and visualize the strength of market volume using the statistical power of standard deviation. By offering a clear and dynamic representation of volume fluctuations, the EVI enables traders to effortlessly identify significant market movements and potential trading opportunities.
Key Features:
Sophisticated Volume Strength Assessment: The EVI leverages the standard deviation of historical candle volumes to evaluate and categorize the current volume intensity. This sophisticated methodology allows for the precise detection of when current volume levels significantly deviate from their historical norms.
Intuitive Visual Cues: Volume bars are color-coded to represent varying levels of volume intensity, ranging from very weak to very strong. This intuitive visual differentiation aids traders in quickly grasping the market's underlying volume dynamics at a glance.
Proactive Threshold Alerts: Stay ahead of the market with the EVI’s built-in alert functionality. Receive real-time notifications of critical volume changes, ensuring that you remain informed of significant market developments even while away from your trading desk.
How It Works:
The EVI calculates the Simple Moving Average (SMA) and Standard Deviation (STDEV) of volume over a user-defined period (default set to 500 candles). Utilizing these statistical measures, the indicator establishes various volume thresholds by applying predefined multipliers for extreme, high, medium, and low volume levels. The volume bars are then color-coded based on these thresholds, providing traders with a clear visual representation of volume intensity. Additionally, horizontal lines indicating these thresholds are plotted on the chart for easy reference, further enhancing the indicator’s usability.
This version of the EVI is particularly suited for traders who prefer simplicity and efficiency over complexity, making it an excellent alternative to the more intricate Volume Delta Divergence (VDD) indicator. The EVI delivers powerful volume insights in a straightforward and accessible manner, ensuring that even those who favor less complexity can benefit from robust volume analysis.
Ideal for traders seeking to capture major market moves or pinpoint potential reversals, the Enhanced Volume Indicator (EVI) is a must-have tool. Elevate your trading strategy with the EVI and ensure you never miss out on significant volume breakouts again.
Korean Version
Enhanced Volume Indicator (EVI)
Enhanced Volume Indicator (EVI)는 시장 볼륨의 강도를 표준편차의 통계적 힘을 사용하여 측정하고 시각화하는 고급적이면서도 사용하기 쉬운 도구입니다. EVI는 볼륨 변동의 명확하고 동적인 표현을 제공하여 트레이더가 중요한 시장 움직임과 잠재적인 거래 기회를 쉽게 식별할 수 있도록 합니다.
주요 기능:
정교한 볼륨 강도 평가: EVI는 이전 캔들의 볼륨 표준편차를 활용하여 현재 볼륨 강도를 평가하고 분류합니다. 이 정교한 방법론은 현재 볼륨 수준이 과거 평균에서 크게 벗어날 때를 정확하게 감지할 수 있도록 합니다.
직관적인 시각적 신호: 볼륨 바는 매우 약한 것부터 매우 강한 것까지 다양한 볼륨 강도를 나타내는 색상으로 코딩됩니다. 이 직관적인 시각적 차별화는 트레이더가 시장의 기본적인 볼륨 동향을 한눈에 쉽게 파악할 수 있도록 돕습니다.
선제적 임계값 알림: EVI의 내장 알림 기능으로 시장을 앞서가십시오. 중요한 볼륨 변화에 대한 실시간 알림을 받아 거래 데스크를 떠나 있는 동안에도 중요한 시장 발전에 대해 계속 정보를 얻을 수 있습니다.
작동 원리:
EVI는 사용자가 정의한 기간(기본값은 500 캔들)의 볼륨에 대한 단순 이동평균(SMA)과 표준편차(STDEV)를 계산합니다. 이러한 통계적 측정을 활용하여, 인디케이터는 극단적, 높은, 중간 및 낮은 볼륨 수준에 대한 사전 정의된 배수를 적용하여 다양한 볼륨 임계값을 설정합니다. 그런 다음, 볼륨 바는 이러한 임계값을 기반으로 색상 코딩되어 트레이더에게 볼륨 강도의 명확한 시각적 표현을 제공합니다. 또한, 이러한 임계값을 나타내는 수평선이 차트에 참조용으로 표시되어 인디케이터의 사용성을 더욱 향상시킵니다.
이 버전의 EVI는 복잡함보다는 단순함과 효율성을 선호하는 트레이더에게 특히 적합하여, 더 복잡한 Volume Delta Divergence (VDD) 인디케이터에 대한 훌륭한 대안이 됩니다. EVI는 강력한 볼륨 정보를 간단하고 접근 가능한 방식으로 제공하여, 복잡함을 싫어하는 사용자도 강력한 볼륨 분석의 혜택을 누릴 수 있도록 합니다.
주요 시장 움직임을 포착하거나 잠재적인 반전을 식별하려는 트레이더에게 이상적인 Enhanced Volume Indicator (EVI)는 반드시 갖추어야 할 도구입니다. EVI로 트레이딩 전략을 강화하고 중요한 볼륨 돌파를 절대 놓치지 마세요.
Volume Spectrum Candles"Volume Spectrum Candles" is a visually intuitive trading indicator that enhances candlestick charts by incorporating trading volume directly into the color of each candle.
Purpose and Utility:
This tool assigns a unique color gradient to candlesticks, which varies from light to dark based on the volume of trades executed. This feature allows traders to immediately recognize and differentiate periods of varying trading activity at a glance.
Target User:
It is specifically designed for traders who integrate volume analysis into their trading strategies, offering a seamless blend of visual cues and technical data.
Benefits:
By providing a visual representation of volume intensity, traders can more effectively identify key market movements, helping to determine optimal entry and exit points. The color gradation adds a layer of quick analysis, making it easier to spot trends in trading volume without the need for additional indicators.
Application and Versatility:
Whether used by day traders to capture short-term price movements or by long-term investors to gauge broader market sentiment, "Volume Spectrum Candles" serves as a valuable addition to any trading setup.
Enhanced Volume by SR7SiddharthaRay007's Enhanced Volume Indicator works on any Timeframe
⦿ Volume Labels:
1. Current Volume, Volume Change%, Average Volume, Average Doller Volume, Up/Down Ratio, ADR%.
=>Average value can be changed using 'Lookback Length' (Default: 20)
⦿ Simple Moving Average: MA (Default: 50). Color of MA changes based on the up down volume ratio.
1. Up/Down Ratio > 1: Blue
2. Up/Down Ratio < 1: Orange
⦿ Volume Bar Colors:
1. High Relative Volume Positive Candle: Lime Green .
2. High Relative Volume Negative Candle: Red .
3. Normal Volume Positive Candle: Blue .
4. Normal Volume Negative Candle: Fuchsia .
5. Low Relative Volume Positive/Negative Candle: Orange .
=>High Relative Volume > 300% of Average Volume; Low Relative Volume < 30% of Average Volume
⦿ Pocket Pivot (A pocket pivot is an up day with volume greater than any of the down days volume in the past 10 days)
1. 10 day Pocket Pivots: Lime Green Diamond below volume bar
2. 5 day Pocket Pivots: Blue Diamond below volume bar
⦿ 'Highest Volume (HV) ' on top of the Volume Bar:
1. Highest Volume Ever (HVE)
2. Highest Volume in Over a Year (HVY)
⦿ Projected Volume Bar: Aqua
⦿ Plot a line at 2x and 3x Average Volume and set Alerts
Uptrick: Volume StrengthPurpose:
The "Uptrick: Volume Strength" indicator, known by its short title 'VolStrength,' is meticulously designed to evaluate the strength of volume activity within a market, providing traders with valuable insights into liquidity dynamics. By visualizing volume bars and comparing them to a predefined threshold, traders can gauge the intensity of buying or selling pressure, thereby assessing market liquidity and potential price movements.
Explanation:
Input Parameters:
Traders benefit from the ability to customize the threshold for high volume, allowing them to adapt the indicator to varying market conditions and trading strategies.
The calculation of the average volume over a specified period adds depth to the analysis, offering traders a reference point for assessing current volume levels relative to historical averages and evaluating liquidity trends.
Volume Analysis:
The script discerns between bars where the closing price exceeds the opening price (up bars) and bars where the closing price is lower than the opening price (down bars), facilitating the identification of bullish or bearish market sentiment.
High-volume bars that surpass the predefined threshold are prominently highlighted, serving as indicators of increased trading activity and enhanced liquidity levels.
Average Volume Visualization:
A line representing the average volume over the specified period is plotted on the chart, providing traders with a visual reference for evaluating current volume levels against historical averages. This aids in assessing the overall liquidity conditions in the market.
Volume Bar Representation:
The colorization of volume bars is contingent upon their direction (up or down) and whether they exceed the high volume threshold.
Up bars, symbolizing buying pressure, are typically depicted in green, while down bars, indicative of selling pressure, are rendered in red.
Notably, when volume surpasses the high volume threshold, the respective bar color is applied, accentuating significant volume spikes and their potential impact on liquidity and price dynamics.
Through its meticulous design and comprehensive features, the "Uptrick: Volume Strength" indicator equips traders with actionable insights into market liquidity dynamics. By integrating volume analysis into their trading strategies, traders can effectively assess liquidity conditions, identify potential price movements, and make informed trading decisions.
Volume Flow ImbalanceVolume Flow Imbalance (VFI) Indicator
The Volume Flow Imbalance (VFI) indicator is designed to provide traders with insights into the market's buying and selling pressure by calculating the imbalance between buy and sell volumes over a user-defined lookback period. This indicator is particularly useful for identifying potential pivot points and market sentiment shifts.
How to Use :
Setup Parameters :
Lookback Period: Set the number of bars over which the imbalance is calculated. Increasing this number provides a broader view of market trends.
Lower Timeframe Data: Optionally enable this feature to analyze volume data from lower timeframes, offering a more granified view of volume flows.
Interpreting the Indicator :
The VFI outputs a value that represents the net imbalance between buying and selling volumes. Positive values indicate a predominance of buying volume, suggesting bullish conditions, while negative values suggest bearish conditions with more selling volume.
The indicator also provides dynamic threshold lines based on the standard deviation of the calculated imbalances, helping to visually identify extreme conditions where reversals might occur.
Application :
Apply the VFI to any chart to assess the balance of trade volumes in real-time.
Use the indicator in conjunction with other technical analysis tools to confirm trends or potential reversals.
Tips :
Adjust the lookback period based on the volatility and trading volume of the asset to optimize performance.
The VFI is best used in liquid markets where volume data is a reliable indicator of market activity.
By providing a clear measure of how much buying and selling is occurring relative to the past, the VFI helps traders make informed decisions based on underlying market dynamics.
PriceCatch Volume Analysis Fixed RangeHi TV Community.
It's been sometime since I published any script / utility. But today, I am back with a new script.
Volume Analysis
Studying volume when in trade or before taking one is very important as seasoned traders would tell you. So, this script helps you to look at volume over a specific interval from current bar. You will have to set the look-back period in the settings dialog.
The script will then show over that period :
Number of Up and Down bars
Volume Ratio of Up Volume over Down Volume
Actual Up and Down Volume
Percentage of Up Volume to Down Volume
I use this information in all my trades and hope that you will also find this Script useful.
To my knowledge, I have not seen another volume analysis script that helps see volume in the way this script does.
NOTE:
This script does not give any buy or sell signal if that is what you are looking for. But if you see that Up Volume is 3 times Down Volume, then that should mean something to you. So also when price is slipping down.
Disclaimer
I am sharing this Script without any warranties as to its usability. Use it only if you like it. As always when it comes to trading you and you alone are responsible for your actions.
All the best with your trades.
PriceCatch
Volume RSIRelative strength index based on volume data.
Indicate volume momentum, and help you define divergences on volume.
The goal is to have an idea and represent in another form volumes and kept eyes on volume momentum on a certain period.
RSI is an indicator about the strength, I keep the oversold/overbought thresholds. I think it still makes sense to interpret.
the calculations is simple, we use the average volume up (avg_vol_up) and average volume down (avg_vol_down) over the period.
then calculate the relatives strength : ( avg_vol_up / ( avg_vol_up + avg_vol_down ) ) * 100
The period is 14 by default. The period is used for calculating mean.
I also add MA it helps to have a global look on the indicator.
In my code I used the idea of @Padronhosnai in his code "positve/negative volume" to get volumes in the right form.
For pictures I also use his indicator it's the one above.
