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IQ Zones [TradingIQ]Hey Traders! Introducing "IQ Zones". "IQ Zones" is an indicator that combines support and resistance identification with volume, the "value area" of a candlestick to be exact. IQ Zones identifies turning points in the market; however, the candlestick high or low that formed the key turning point is not necessarily distinguished as the support/resistance area. Instead, the script looks into the bar at lower timeframes and calculates the value area of the candlestick that formed the support or resistance level. Therefore, any lines protruding from a candlestick reflect the value area of that candlestick. These levels (value area high and value area low) are marked on the candlestick as a support/resistance level. If the level formed on high volume it's marked as an "IQ Zone". Additionally, IQ Zones presents a heat map to show volume intensity at nearby price areas. The heatmap is a product of the Volume Profile (IQ Profile) located on the right of the chart. The IQ Profile is a segmented volume profile. Recent price is split into fifths (customizable), and individual volume profiles are calculated for all segmented price areas. Price is split into more than one segment to avoid a situation where volume in a ranging price zone far surpasses all other recent price areas - creating an "unusable" volume profile that doesn't offer helpful insights. If desired, you can set the segmenting option to "1" to calculate one unified volume profile for the entire price range. The image above shows IQ Zones in action! Core Features of IQ Zones Value Area Support and Resistance Levels Segmented volume profile for the recent trading period Volume intensity heatmap Support and resistance levels in high volume intensity may be more significant as price stoppers The image above explains the labels marked along the y-axis of the IQ Profile. The "more green" a price area/label is, the higher the volume intensity at the marked support/resistance area. The image above further explains line lines protruding from the IQ Profile. For this example, the value area of the candlestick (where most trading action occurred) is quite far from the high price of the candlestick that formed a resistance level! Using the value area of a candlestick that marks a key turning point to draw support/resistance offers insight into where the majority of trading action took place when the support/resistance level was forming! Additionally, you can hover your mouse over the IQ Zone labels (triangles pointing up or down) to see the prices of the value area for the support/resistance level, including the total buying volume and total selling volume at the price area! The image above further explains the IQ Profile! You can segment the recent price area anywhere from 1 - 15 times. The image above further explains IQ Zones and the IQ Profile! That will be all for this indicator - a fun project to share with the community. Thank you!
Pine Script™ indicator
by Trading-IQ
2
TechniTrend: Volume and Momentum Analysis (Weighted)Description: The TechniTrend: Volume and Momentum Analysis indicator combines volume analysis with multiple momentum indicators to provide a holistic view of market conditions. By integrating Weighted Relative Strength Index (RSI), Rate of Change (ROC), and Stochastic Oscillator (%K and %D), this indicator offers a comprehensive, blended signal that responds to both price momentum and volume trends. Ideal for identifying potential reversal zones, overbought/oversold conditions, and divergence patterns. Features: Volume and Momentum Analysis: The core of this indicator is a "Combined Analysis Line" that integrates various momentum indicators, each weighted according to user-defined preferences. This line allows for dynamic responsiveness based on selected weightings for RSI, ROC, and Stochastic, making it highly customizable. High Volume Area Highlight: Periods of high trading volume (above the threshold defined by Volume Threshold Factor) are highlighted on the chart's background. This feature aids in identifying volume-driven price actions, especially when combined with overbought/oversold signals from the Combined Analysis Line. Divergence Detection System: Regular bullish and bearish divergence patterns are automatically detected and marked on the chart. The indicator uses a pivot-based approach with user-adjustable lookback periods to identify divergence patterns, helping traders spot potential reversal points. Overbought/Oversold Zones: The indicator displays overbought and oversold zones with gradient fills based on user-defined thresholds, enhancing visibility and helping to gauge market momentum. Alert System: Built-in alerts notify the trader when a regular bullish or bearish divergence is detected. This feature is especially useful for monitoring the market passively and receiving timely alerts for potential trend changes. Settings: Volume MA Length: Defines the length of the moving average used to smooth out volume data. Momentum Length: Length for calculating the momentum indicators (e.g., RSI). Volume Threshold Factor: Multiplier for determining high-volume levels, setting the bar for significant volume. Weight Parameters: Assign weight percentages to each momentum indicator for precise calibration of the Combined Analysis Line. Overbought/Oversold Thresholds: Adjusts the levels at which overbought and oversold conditions are displayed, providing custom sensitivity to market extremes. Divergence Settings: Adjustable lookback periods for detecting divergence patterns, along with upper and lower ranges, which fine-tune the search for divergence points. This indicator is highly configurable and offers a nuanced view of market conditions by combining volume and momentum signals. Designed to assist in identifying potential entry and exit points, the TechniTrend: Volume and Momentum Analysis is a powerful tool for both short-term and long-term traders.
Pine Script™ indicator
by itsKraken
Gap Finder with Box FillSetup and Inputs The indicator checks the current and previous candles to find gaps, using a color input for filling the gap area on the chart. Gap Detection: If the current candle opens higher than the previous close and doesn’t overlap with the previous candle’s range, it marks this as a gap-up. If the current candle opens lower than the previous close without overlap, it’s marked as a gap-down. Drawing the Gap: When a gap-up or gap-down is found, the script draws a box from the previous close to the current candle’s low or high, filling it with the chosen color. Benefits Visual Aid: The filled box highlights gaps, making them easy to spot on the chart. Trade Signals: Gaps can show strong market moves, helping traders spot potential entries or watch for reversals. Customizable: You can adjust the color to fit your chart style, making the gaps stand out clearly. This simple tool gives traders a quick view of gaps, which are often key points of interest in technical analysis.
Pine Script™ indicator
by Almureqeeb
Trend Change Detection by SpotTheTrendThis script identifies potential trend changes by analyzing volume, RSI, and EMA indicators, with a built-in cool-down to avoid consecutive signals. █  OVERVIEW The "Trend Change Detection" script helps traders identify potential shifts in market direction by analyzing specific conditions in volume, RSI, and EMA. A cool-down period between signals minimizes noise, providing clearer entry signals. █  CONCEPTS Unlike many indicators that produce frequent signals, this script’s cool-down feature filters out consecutive signals, focusing on quality over quantity. This approach reduces premature entries and potential false signals, making it a valuable tool for more disciplined trading. The main idea of this indicator is to help in risk management and drawdown reduction by enforcing selectivity, the cool-down period helps prevent over-trading in volatile or sideways markets, which can reduce exposure to extended drawdowns. This functionality supports more prudent trade entries, aligning with risk management strategies for improved trading outcomes. We can take a look at the NASDAQ:NVDA chart as an example of a potential long position: The main trend is bullish. While some might enter directly, avoiding drawdowns may suit others’ trading styles better:: • FEATURES Bullish and Bearish Signals: Displays potential trend changes with bullish signals marked as green dots and bearish signals as red dots directly on the chart. Cool-down Period: Reduces noise by limiting consecutive signals. Visual Indicators: Colors bars by trend direction for quick visual reference. • HOW TO USE Bullish Signals: Indicated by green dots above bars, suggesting potential long opportunities. Bearish Signals: Indicated by red dots below bars, suggesting potential short opportunities. I created the "Trend Change Detection" indicator with the hope that it becomes a valuable part of your trading toolkit, helping you monitor trends with clarity and manage risk more effectively. • DISCLAIMER This tool is for informational purposes only. Always perform thorough analysis before entering trades.
Pine Script™ indicator
by David_874
MFI Strategy with Oversold Zone Exit and AveragingThis strategy is based on the Money Flow Index (MFI) and aims to enter a long position when the MFI exits an oversold zone, with specific rules for limit orders, stop-loss, and take-profit settings. Here's a detailed breakdown: Key Components 1. **Money Flow Index (MFI)**: The strategy uses the MFI, a volume-weighted indicator, to gauge whether the market is in an oversold condition (default threshold of MFI < 20). Once the MFI rises above the oversold threshold, it signals a potential buying opportunity. 2. **Limit Order for Long Entry**: Instead of entering immediately after the oversold condition is cleared, the strategy places a limit order at a price slightly below the current price (by a user-defined percentage). This helps achieve a better entry price. 3. **Stop-Loss and Take-Profit**: - **Stop-Loss**: A stop-loss is set to protect against significant losses, calculated as a percentage below the entry price. - **Take-Profit**: A take-profit target is set as a percentage above the entry price to lock in gains. 4. **Order Cancellation**: If the limit order isn’t filled within a specific number of bars (default is 5 bars), it’s automatically canceled to avoid being filled at a potentially suboptimal price as market conditions change. Strategy Workflow 1. **Identify Oversold Zone**: The strategy checks if the MFI falls below a defined oversold level (default is 20). Once this condition is met, the flag `inOversoldZone` is set to `true`. 2. **Wait for Exit from Oversold Zone**: When the MFI rises back above the oversold level, it’s considered a signal that the market is potentially recovering, and the strategy prepares to enter a position. 3. **Place Limit Order**: Upon exiting the oversold zone, the strategy places a limit order for a long position at a price below the current price, defined by the `Long Entry Percentage` parameter. 4. **Monitor Limit Order**: A counter (`barsSinceEntryOrder`) starts counting the bars since the limit order was placed. If the order isn’t filled within the specified number of bars, it’s canceled automatically. 5. **Set Stop-Loss and Take-Profit**: Once the order is filled, a stop-loss and take-profit are set based on user-defined percentages relative to the entry price. 6. **Exit Strategy**: The trade will close automatically when either the stop-loss or take-profit level is hit. Advantages - **Risk Management**: With configurable stop-loss and take-profit, the strategy ensures losses are limited while capturing profits at pre-defined levels. - **Controlled Entry**: The use of a limit order below the current price helps secure a better entry point, enhancing risk-reward. - **Oversold Exit Trigger**: Using the exit from an oversold zone as an entry condition can help catch reversals. Disadvantages - **Missed Entries**: If the limit order isn’t filled due to insufficient downward movement after the oversold signal, potential opportunities may be missed. - **Dependency on MFI Sensitivity**: As the MFI is sensitive to both price and volume, its fluctuations might not always accurately represent oversold conditions. Overall Purpose The strategy is suited for traders who want to capture potential reversals after oversold conditions in the market, with a focus on precise entries, risk management, and an automated exit plan.
Pine Script™ strategy
by traderhub
CTPW Vol with double rsiAn oscillator that manages to display the direction of volatility and volume in a single indicator. This allows viewing the trend in concert with the volume strength. Thus a trader can check if the price movement has volatility and volume behind it or not. Added alerts and different smoothing options Double RSI for scalping and trend recognition. Green for longs, red for shorts. Based on close Scalping filter double RSI with color change for bull bear.
Pine Script™ indicator
by greenstar91288
Volume TableDisplays a table of volume and short volume. When chart timeframe is intraday or daily, table will show daily values. If chart is on weekly, table will show weekly values. If chart is on monthly, table will show monthly values. Table rows: Date row (Day/Week/Month) text: Green when close > open Red when close < open White when close equals open Volume (Vol) row text: Default: Black If “Check for inside candles” is checked, when the high and low (or open and close if “Use H/L not O/C” is unchecked) is within the previous time period (day/week/month), text will be white Volume (Vol) row background: Default: Gray Colored based on values and colors set in settings: >= Very High Volume >= High Volume <= Low Volume <= Very Low Volume Short Volume (SV) row cell background color: SV < “Lower Threshold”: Black “Lower Threshold” <= SV < “Low Threshold”: Gray “Low Threshold” < SV < First “Short Volume Color Increment”: Silver “Short Volume Color Increment”s (5 million increments by default): purple, blue, teal, green, lime, yellow, orange, red, maroon, white
Pine Script™ indicator
by TimeTimeMac
Accumulation Map [LuxAlgo]The Accumulation Map is a charting tool that tracks traded volume across all price levels within a specified period. It highlights the relationship between an asset's price and traders' willingness to buy or sell, helping to identify accumulation zones. These zones represent areas of significant trading activity and provide insights into potential support and resistance levels. The indicator displays these zones using a heatmap, offering a clear, visual representation of market sentiment and activity based on volume. 🔶 USAGE The Accumulation Map shows the distribution of traded volume across different price levels over a specific period. The volume nodes are displayed as color gradients, each reflecting the accumulation level (trading activity) at that price range. The heatmap visually represents accumulation areas on the chart with color gradients. This visualization helps traders easily spot areas of significant interest and potential support or resistance levels within the market. Metric Display controls how accumulation metrics appear on the chart. Options include Level Value Ratio, Level Value Proportion, Combined View, or None. Color Theme allows users to switch between different color themes. 🔶 SETTINGS The script includes user-defined parameters to customize profiles. Each input in the indicator settings is provided with a tooltip explaining its usage. 🔹 Accumulation Map Accumulation Map | Heatmap: Toggles the visibility of the Accumulation Profile | Heatmap. Metric Display: Controls how accumulation metrics are displayed on the chart. Color Theme: Switches between different color themes. 🔹 Style & Settings High Accumulation Color and Threshold: Customize the color for zones with high accumulation, and set the percentage threshold for high accumulation areas (recommended 50%–99%). Average Accumulation: Define the color for zones with average accumulation. Low Accumulation: Customize the color for zones with low accumulation, with a threshold range of 10%–40%. Number of Rows: Specify the number of rows the accumulation map will display. Horizontal Offset: Controls the horizontal offset of the map relative to the most recent bar. Profile Width (bars): Sets the profile width in bars. Extend Calculation To The Right: Extends the calculation to the most recent bar Anchor Points: Set the first and second anchor points for the map. 🔶 RELATED SCRIPTS Money-Flow-Profile
Pine Script™ indicator
by LuxAlgo
Mini ChartDescription: The indicator displays a mini candlestick chart as a table. You can add up to 3 such charts and use different assets / timeframes in any of them. Each chart can have a max of 15-20 candles (depending on the settings). You can customise the colors and styles, including price scale, grid and a volume chart. If you hover on any displayed candle, you will see price and volume info for that candle. The candles can also be highlighted based on price or volume. The indicator can display data from both higher and lower timeframes, but is not updating very quickly if you display too many candles. Inputs: Each mini chart has inputs for: - Number of candles - Timeframe - Asset - Table position - Table height - Grid resolution - Left and Right price scales - Candle highlighting (which can be based on Min/Max price, Min/Max Volume, Rising/Falling Volume) - And a checkbox for displaying volume chart below the candles Below those inputs you have inputs for customising all the mini charts with the following: - Header and Footer info - Colors and styles of the charts, candles and price scales - Sizing and spacing of the candles - Height of the volume chart and padding of the price chart Note: The indicator utilises "table" objects. The limit of table cells for a chart is 10,000. Thus, the more candles you display in the mini charts, the more laggy the indicator will feel, and at some point you may surpass the 10,000 cells limit, at which point you're going to get an error. The indicator might not update very quickly, especially if you're using data from lower timeframes.
Pine Script™ indicator
by sabricat
Austin's Apex AcceleratorIndicator Name: Austin’s Apex Accelerator Overview The Austin’s Apex Accelerator is a highly aggressive trading indicator designed specifically for high-frequency Forex trading. It combines several technical analysis tools to identify rapid entry and exit points, making it well-suited for intraday or even lower timeframe trades. The indicator leverages a combination of exponential moving averages (EMAs), Bollinger Bands, volume filters, and volatility-adjusted ranges to detect breakout opportunities and manage risk with precision. Core Components Fast and Slow EMAs: The two EMAs act as trend and momentum indicators. When the shorter EMA crosses the longer EMA, it signals a change in momentum. The crossover of these EMAs often indicates a potential entry point, especially when combined with volume and volatility filters. ATR-Based Range Filter: Using the Average True Range (ATR) for dynamic range calculation, the indicator adapts to market volatility. Higher ATR values widen the range, helping the indicator adjust for volatile conditions. Volume Filter: A volume condition ensures that buy and sell signals only trigger when there’s significant market interest, reducing the likelihood of false signals in low-liquidity environments. Bollinger Bands: The Bollinger Bands provide additional context for potential overbought or oversold conditions, highlighting opportunities for price reversals or trend continuations. Key Features Aggressive Buy and Sell Signals: Buy Signal: A buy signal is generated when the fast EMA crosses above the slow EMA, confirming bullish momentum, and the volume condition is met. If the price is also near the lower Bollinger Band, it adds further confirmation of an oversold condition. Sell Signal: A sell signal is generated when the fast EMA crosses below the slow EMA, confirming bearish momentum, with sufficient trading volume. If the price is near the upper Bollinger Band, it signals a potential overbought condition, which supports the sell signal. Dynamic Range with ATR: The indicator uses a volatility-based range, derived from the ATR, to adjust the signal sensitivity based on recent price fluctuations. This dynamic range ensures that signals are responsive in both high and low volatility conditions. The range’s upper and lower bands act as thresholds, with trades often occurring when the price breaches these levels, signaling momentum shifts or trend reversals. Trend Background Color: A green background highlights bullish trends when the fast EMA is above the slow EMA. A red background signifies bearish trends when the fast EMA is below the slow EMA, providing a visual indication of the overall market trend direction. Trend Line: The indicator plots a dynamic trend line that changes color based on the price's relationship to the EMAs, helping traders quickly assess the current trend’s strength and direction. Alerts: The indicator includes configurable alerts for buy and sell signals, allowing traders to be notified of entry opportunities without needing to monitor the chart continuously. How to Use Austin’s Apex Accelerator Identify Entry Points: Buy Entry: When the fast EMA crosses above the slow EMA, a buy signal is triggered. Confirm this signal by checking if the price is near or below the lower Bollinger Band (indicating an oversold condition) and if trading volume meets the set threshold. Sell Entry: When the fast EMA crosses below the slow EMA, a sell signal is triggered. Confirm the signal by ensuring the price is near or above the upper Bollinger Band (suggesting an overbought condition) and that volume is sufficient. Exit Strategy: Take Profit: The take profit level is calculated as 1.5 times the ATR from the entry point. This ensures that each trade aims to achieve a positive risk/reward ratio. Stop Loss: The stop loss is set at 1 ATR from the entry, providing a tight risk control mechanism that limits potential losses on each trade. Trend Identification and Background Colors: Use the background colors to assess the trend direction. A green background indicates a bullish trend, while a red background suggests a bearish trend. These colors can help you filter signals that go against the trend, increasing the chances of a successful trade. Volume Confirmation: This indicator has an inbuilt volume filter to prevent trading in low-volume conditions. Look for signals only when volume exceeds the average volume threshold, which is set by the multiplier. This helps avoid trading during quieter times when false signals are more likely. Alerts: Set up alerts for buy and sell signals to be notified in real-time whenever a new trading opportunity arises, so you can act on high-quality signals promptly. Practical Tips for Using Austin’s Apex Accelerator Timeframe: Best suited for short timeframes such as 5-minute or 15-minute charts for high-frequency trading.
Pine Script™ indicator
by paulaustin3977
Volume StatsDescription: Volume Stats displays volume data and statistics for every day of the year, and is designed to work on "1D" timeframe. The data is displayed in a table with columns being months of the year, and rows being days of each month. By default, latest data is displayed, but you have an option to switch to data of the previous year as well. The statistics displayed for each day is: - volume - % of total yearly volume - % of total monthly volume The statistics displayed for each column (month) is: - monthly volume - % of total yearly volume - sentiment (was there more bullish or bearish volume?) - min volume (on which day of the month was the min volume) - max volume (on which day of the month was the max volume) The cells change their colors depending on whether the volume is bullish or bearish, and what % of total volume the current cell has (either yearly or monthly). The header cells also change their color (based either on sentiment or what % of yearly volume the current month has). This is the first (and free) version of the indicator, and I'm planning to create a "PRO" version of this indicator in future. Parameters: - Timezone - Cell data -> which data to display in the cells (no data, volume or percentage) - Highlight min and max volume -> if checked, cells with min and max volume (either monthly or yearly) will be highlighted with a dot or letter (depending on the "Cell data" input) - Cell stats mode -> which data to use for color and % calculation (All data = yearly, Column = monthly) - Display data from previous year -> if checked, the data from previous year will be used - Header color is calculated from -> either sentiment or % of the yearly volume - Reverse theme -> the table colors are automatically changed based on the "Dark mode" of Tradingview, this checkbox reverses the logic (so that darker colors will be used when "Dark mode" is off, and lighter colors when it's on) - Hide logo -> hides the cat logo (PLEASE DO NOT HIDE THE CAT) Conclusion: Let me know what you think of the indicator. As I said, I'm planning to make a PRO version with more features, for which I already have some ideas, but if you have any suggestions, please let me know.
Pine Script™ indicator
by sabricat
Nova Volume Indicator (NVI) by SplitzMagicNova Volume Indicator The Nova Volume Indicator is an innovative trading tool designed to enhance your trading strategy by analysing volume momentum and market dynamics. This indicator empowers traders to make informed decisions by providing clear and actionable buy and sell signals based on real-time data. How It Works: The Nova Volume Indicator utilizes advanced algorithms to assess volume changes and price movements. Key features include: Volume Momentum Calculation: By evaluating the relationship between price changes and volume, the indicator identifies significant momentum shifts, enabling traders to pinpoint entry and exit points with precision. Trend Direction Filter: The indicator includes a price filter that determines the prevailing market trend based on a moving average. This ensures that trades align with the overall market direction, enhancing the probability of success. Alert System: With customizable alert thresholds, users receive notifications when momentum crosses defined levels, keeping them informed of potential trading opportunities without the need for constant monitoring. No Trade Signal: A black background on the histogram indicates that there are no valid trading opportunities at that moment. Use this feature to avoid entering trades during uncertain market conditions. How to Use the Nova Volume Indicator for Entries: Identifying the Trend: Before making any trades, check the indicator's trend direction. If the price is above the moving average, focus on bullish signals; if below, look for bearish signals. Spotting Entries: Buy Signal: Look for a green histogram bar indicating positive volume momentum. Enter a trade at the close of the candle when the momentum score exceeds your alert threshold and the price is above the moving average. Sell Signal: A red histogram bar signals negative volume momentum. Enter a short position at the close of the candle when the momentum score falls below the alert threshold and the price is below the moving average. Setting Stops and Targets: Place your stop-loss below the recent swing low for buy trades or above the recent swing high for sell trades. Aim for a minimum 1:2 risk-to-reward ratio to maximize your profitability. Customizable Settings: The Nova Volume Indicator offers several input settings to help you tailor the indicator to your unique trading style: Signal Period: Adjust the period for calculating the signal line (EMA of momentum score). A shorter period reacts quickly, while a longer one smooths the signals. Volatility Period: Control the lookback period for assessing market volatility. Shorter periods capture recent fluctuations, and longer periods provide a broader view of price behavior. Price Filter MA Length: Set the period for the moving average used to filter trades based on price action, helping determine the trend direction. Alert Threshold: Define the level at which the indicator signals potential buying or selling opportunities. Customize this setting to suit your trading preferences. The Nova Volume Indicator is a powerful addition to any trader’s toolkit, designed to simplify decision-making and improve trading outcomes. Whether you're a beginner or a seasoned trader, this indicator offers the insights you need to navigate the markets confidently. Explore its customizable features to create a unique trading experience tailored to your needs. Start using the Nova Volume Indicator today and elevate your trading journey! Any questions you may have or if you have anything to input to improve this then please leave a comment.
Pine Script™ indicator
by splitzmagic
1
Trendfilter AD2Trendfilter AD2 What It Is: The Trendfilter AD2 is a versatile technical indicator that combines multiple analysis methods, including Bollinger Bands, Larry Williams' Accumulation/Distribution method, and Swing Volatility. It aims to detect market trends early, identify trend changes, and measure market volatility. What It Does: The Trendfilter AD2 provides comprehensive market analysis features: Trend Direction and Changes: The indicator uses the Signal Line in conjunction with Bollinger Bands to give early indications of potential trend changes. Accumulation/Distribution by Larry Williams: This method helps assess market strength and determine direction. Swing Volatility: The indicator calculates swing volatility based on short-term highs and lows and uses this to define a volatility range. Divergence Analysis: The indicator allows for manual detection of divergences to identify potential trend reversals. How to Use It: Bollinger Bands and Signal Line: Bollinger Bands consist of an upper band, a middle line, and a lower band. The middle line represents the moving average of the Signal Line. The Signal Line is calculated based on swing volatility and price differences. A breakout of the Signal Line through the middle line can provide early signals of trend changes: Breakout Upwards: Indicates a potential beginning of an uptrend. Breakout Downwards: Indicates a potential beginning of a downtrend. Accumulation/Distribution by Larry Williams: This method evaluates market strength and direction based on price movements. Accumulation occurs when the close is above the previous close, while Distribution occurs when the close is below the previous close. Swing Volatility: The indicator calculates swing volatility based on short-term highs and lows. This volatility is used to define the Bollinger Band ranges, helping to identify and interpret volatile market phases. Divergence Analysis: Divergences must be manually identified. To do this, compare price movements with the calculated momentum or volatility line: Bullish Divergence: Occurs when the price makes new lows while the indicator forms higher lows. This may indicate a potential upward trend reversal. Bearish Divergence: Occurs when the price makes new highs while the indicator forms lower highs. This may indicate a potential downward trend reversal. This indicator is particularly useful for traders looking for early signals of trend changes, those wanting to analyze market volatility, and for those who need to manually identify divergences. This indicator also identifies and displays 8 different candlestick patterns, offering traders additional insights into price action. Disclaimer This indicator is for educational and informational purposes only and should not be considered financial advice. Past performance of any trading strategy is not indicative of future results. Trading involves significant risk, and you should only trade with funds that you are prepared to lose. Always conduct your own analysis and consult a professional financial advisor if needed.
Pine Script™ indicator
by ComJoTrader
Volume Disharmony IndicatorThis indicator is designed to detect imbalanced volume compared to the open/close of the corresponding candle body. The idea is that institutions often trade in higher volume within a smaller price range. Identifying these can give an indication if there is a rally or selloff happening. The code looks at the median of all the prior candles from the point of the last trigger and compares them to the range in body of the candles in order to dynamically find a baseline, by which imbalances can be more accurately detected throughout changing market conditions.
Pine Script™ indicator
by nmountford
Up/Down Volume with Normal DistributionThis indicator analyzes the relationship between price movements and trading volume by distinguishing between "up" and "down" volume. Up volume refers to trading volume occurring during price increases, while down volume refers to trading volume during price decreases. The indicator calculates the mean and standard deviation for both up and down volume over a specified length. This statistical approach enables traders to visualize volume deviations from the average, highlighting potential market anomalies that could signal trading opportunities. Relationship Between Price and Volume Volume is a critical metric in technical analysis, often considered a leading indicator of price movements. According to studies in financial economics, significant price changes accompanied by high volume tend to indicate strong market conviction (Wyart et al., 2008). Conversely, price changes on low volume may suggest a lack of interest or conviction, making those moves less reliable. The relationship between price and volume can be summarized as follows: Confirmation of Trends: High volume accompanying a price increase often confirms an upward trend. Similarly, high volume during price declines indicates bearish sentiment. Reversals and Exhaustion: Decreases in volume during price increases may suggest a potential reversal or exhaustion of buying pressure, while increased volume during declines can indicate capitulation. Breakouts: Price movements that break through significant resistance or support levels accompanied by high volume are typically more significant and suggest stronger follow-through in the new direction. Developing a Trading Strategy Traders can leverage the insights gained from this relationship to formulate a trading strategy based on volume analysis: Entry Signals: Traders can enter long positions when the up volume significantly exceeds the mean by a predefined number of standard deviations. This situation indicates strong buying interest. Conversely, short positions can be initiated when down volume exceeds the mean by a specified standard deviation. Exit Signals: Exiting positions can be based on changes in volume patterns. If the volume starts to decrease significantly after a price increase, this may signal a potential reversal or the need to lock in profits. Risk Management: Integrating volume analysis with other technical indicators, such as moving averages or RSI, can provide a more comprehensive risk management framework, enhancing the overall effectiveness of the strategy. In conclusion, understanding the relationship between price and volume, alongside employing statistical measures like the mean and standard deviation, enables traders to create more robust trading strategies that capitalize on market movements. References Wyart, M., Bouchaud, J.-P., & Dacorogna, M. (2008). "Self-organized volatility in a complicated market." European Physical Journal B, 61(2), 195-203. doi:10.1140
Pine Script™ indicator
by EdgeTools
Volume-Adjusted Schaff Trend Cycle (VASTC)Volume-Adjusted Schaff Trend Cycle (VASTC) The VASTC is a fairly fast-moving oscillator designed to identify trends early and signal when trends may be nearing their end. While it can be used for both trend-following and mean-reversion strategies , it shines in trend-following setups. It’s particularly useful for catching the start of a trend and giving early warnings that a trend might end soon, making it a valuable addition to a multi-indicator system. How It Works: The VASTC adapts the traditional Schaff Trend Cycle by adjusting the MACD component with volume data. This volume-adjusted MACD is run through two stochastic processes , applying exponential smoothing to enhance responsiveness. Volume sensitivity allows the VASTC to adapt dynamically to periods of high or low trading activity, providing more reliable trend signals. Recommended Use: Use VASTC in confluence with other indicators to confirm trend entries and exits. It’s best for identifying early trend setups rather than sustaining prolonged trend trades. When used alongside other indicators, especially those with a longer-term outlook or momentum based trend indicators, you’ll gain a clearer signal for potential exits or entries. Always backtest the VASTC on your chosen assets to determine the most effective input parameters, as the defaults may not suit all markets or assets. Different assets behave differently, and adjustments in parameters can improve its ability to analyze the assets you're looking at. Parameters: Length : Sets the primary smoothing length. Fast/Slow Length : Adjust the speed of the volume-adjusted MACD component. Factor : Controls the final smoothing applied to the STC. Overbought/Oversold Levels : Defines overbought/oversold levels. Experiment with these settings to customize the VASTC to your trading strategy and asset. Disclaimer : This indicator is a tool to complement your trading analysis and should not be used in isolation. Always backtest and use other confluence signals for best results. The assets I looked at when making this indicator are almost certainly different than what you're looking at.
Pine Script™ indicator
by nathanfarmer