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Volumedelta

Volume Delta Compare [Ticks ~ LTF data] The "Volume Delta Compare " publication shows 2 different techniques to show into-depth details of Volume, using Tick and Lower-Time-Frame (LTF) data. 🔶 USAGE Check for divergences between price and volume movement Check details (why and when a ΔV developed) Or if you want to see a lot of data stacked on each other ) 🔶 CONCEPTS 🔹 Tick vs. LTF data a Tick is an measure of (upward or downward) movement in price OR volume. We can use this data by using varip in the code. Advantage: • Detail, detail, detail • Accurate, per tick Disadvantage: • Only realtime • Can reset 'easily' -> loss of data • Will reset when settings are changed LTF data, through the request.security_lower_tf() function, measures the OHLCV data per LTF bar Advantage: • Access to history when loading a chart • No 'loss' of data when chart resets Disadvantage: • Less detailed • Less accurate This script makes it possible to compare the 2 techniques and enables you to show different values. 🔹 Values There are mainly 3 important values: • UP volume (uV): volume when price rises • DOWN volume (dV): volume when price falls • NEUTRAL volume (nV): volume when price stays the same From this, additional data is calculated: • Volume Delta (ΔV): uV minus dV • Cumulative Delta Volume (cΔV): sum of ΔV One typical nV is at open: at that moment there isn't a base price to compare with, so when the first trade doesn't fully fill the first supply (up or down), volume will rise, but price just is 'open', no movement -> no uV or dV. • Tick data: every volume changement    per tick    will be added to the concerning variable (uV, dV or nV) • LTF data:  every volume changement of each bar will be added to the concerning variable (uV, dV or nV) -> this can easily give a difference, for example (Tick vs. 1 minute LTF), when most of the ticks caused a rise of price, but at the last few seconds, a few ticks causes the close to come below open, with Tick data this could give more UP Volume, while LTF data will show 1 value of DOWN Volume. 🔶 EXAMPLES 🔹 Details In these examples you can see: • grey line: Total volume (higher precision) • UP/DOWN/NEUTRAL Volume • green columns: uV • orange columns: dV • blue pillars: nV • coloured stepline: reflects ΔV • close > open and  positive ΔV -> green • close > open but negative ΔV -> fuchsia • close < open and negative ΔV -> orange • close < open but  positive ΔV -> bright lime green • Right side -> indication of used data (Tick/LTF data) + last ΔV • labels (can be disabled) Above 0 (only with Tick data): data from EVERY tick (ΔV ): • first the amount of Volume (0 when the amount is very minimal) • between brackets: price movement Below 0: • Σ V: sum of uV, dV and nV, for that bar • Σ up: sum of uV for that bar • Σ dn: sum of dV for that bar • Σ nt: sum of nV for that bar • Σ P: sum of price movement, for that bar (only at Tick data) (At the right you'll see a new bar just started) Here is a detail of the first second at opening: 🔹 Cumulative Volume Delta (CVD) Difference CVD based on Tick vs. LTF data : (horizontal lines added for reference) 🔶 FEATURES 🔹 Minimal plotting of na values Data window and status line only show what is applicable (tick or LTF data) to diminish clutter of data values: The Tick option has a label above 0 which includes details of every Tick. If data is added every tick, that label on a 10 minute chart will be filled beyond limitations pretty quickly (string max_length = 4096 limit). To prevent the script stopping to execute, at a certain limit, this label will stop updating and show the message "Too much data". The label below the 0-line won't reach that limit, so it will keep on updating. Timeframes closer to 1 second will have less risk to reach that 4096 limit. Details will remain to show in this case. 🔹 Automatic label colour adaption when changing between dark/light mode values Label background/text-colour will adapt according to the dark/light-mode by using chart.fg_color / chart.bg_color 🔶 SETTINGS 🔹 Data from: Ticks vs. LTF data 🔹 LTF: Lower Time-Frame for when LTF option is chosen: 1, 5, 10, 15, 30 Seconds or 1 minute 🔹 Also start when bar already has data: only for tick data -> when disabled calculations only start on a new bar. 🔹 CVD, Only show Cumulative Delta Volume: enable to just display CVD 🔹 Colours: colour at the right is for price/volume direction divergences 🔹 Label: choose what you want to display + size labels 🔹 0-line: The label under the 0-line sometimes goes below the chart. this can be adjusted with this setting.
Pine Script™ indicator
by fikira
38
Volume Delta Methods (Chart) [LuxAlgo]The Volume Delta Methods (Chart) aims at highlighting the relationship between Buying or Selling Pressure and Price by presenting Volume Delta , and multiple derivatives of volume delta such as Cumulative Volume Delta (CVD) , Buy/Sell Volume , Total Volume , etc on top of the Main Price Chart . The script uses two different intrabar (chart bars at a lower timeframe than the chart's) analyses to achieve the most approximate calculation of the ​volume delta and offers fully customizable visualization features using various types of charts such as line, area, baseline, candles, and histograms. The script allows traders to see "within" the price bar, provides more transparency over a traditional volume histogram, and also allows users to monitor price and volume activity together. 🔶 USAGE Volume delta is the difference between the buying volume and the selling volume, in other words, it is the net demand at a given bar allowing traders a more detailed insight when analyzing the market sentiment. A volume delta greater than 0 indicates more buying than selling pressure, whereas a volume delta less than 0 indicates more selling than buying pressure. Volume delta plus total volume (regular volume) adds additional insight, where the total volume represents all the recorded trades for security that occurs in a given time interval. It is a measurement of the participation, enthusiasm, and interest in a given security. Divergences occur when the polarity of ​the volume delta does not match the polarity of the price bar. The users can enable the display of the numerical values of the volume delta. Cumulative Volume Delta (CVD) is a way of using Volume Delta to measure an asset’s mid-to-long-term buy and sell pressure. It compares buying and selling volume over time and offers insights into market behavior at specific price points. Cumulative Volume Delta is effectively a continuation of the principles of Volume Delta but involves longer time periods and offers different trading signals. Like the Volume Delta, the Cumulative Volume Delta (CVD) indicator measures the relationship between buy and sell pressure but does not focus on one specific candle in particular. Rather, the Cumulative Volume Delta takes the relative differences and combines them all over an extended time period. Users have the ability Cumulative Volume Delta in various types of charts along with an optional smoothing line. Placed above price bars options. Interacting with price bar options helps to better identify CVD Divergences. CVD Divergences CVD reveals buying and selling trends that may or may not complement the price trend of the asset itself. Sometimes, price trends can run in contrast to trading behavior — sell volume can be dominant while the spot price is rising, and vice versa. 🔶 DETAILS Theoretically, volume delta is calculated by taking the difference between the volume that traded at the ask price and the volume that traded at the bid price. The most precise calculation method uses tick data but requires huge amounts of data on historical bars, which usually limits the historical depth of charts. This indicator uses two different intrabar analysis methods for the ​volume delta calculation, where intrabars are chart bars at a lower timeframe than the chart's timeframe: The logic used to assign intrabar ​volume to the "up" or "down". - Buying/Selling pressure of the intrabar option (default) (close - low) > (high - close) => UP (close - low) < (high - close) => DOWN (close - low) = (high - close) => close - previous close is used - Polarity of the intrabar option close > open => UP close < open => DOWN close = open => close - previous close is used 🔶 SETTINGS The script takes into account user-defined parameters and performs calculations and presentations based on them, where detailed usage for each user-defined input parameter in indicator settings is provided with the related input's tooltip. 🔹 Calculation Settings Calculation Method: Calculation method selection, available options 'Intrabar Buying/Selling Pressure' or 'Intrabar Polarity'. Lower Timeframe Precision: Sets indicator precision, default option is 'Auto'. 🔹 Presentation Settings Volume Delta: Toggles the visibility of the Volume Delta Cumulative Volume Delta: Toggles the visibility of the Cumulative Volume Delta Volume Delta/Price Bar Divergences: Toggles the visibility of the Volume Delta Divergences Volume Delta Numerical Values: Toggles the visibility of the Volume Delta Numerical Values 🔹 Other Features Volume MA: Toggles the visibility of the Volume Moving Average CVD Smoothing: Toggles the visibility of the Cumulative Volume Delta's Smoothing Line 🔹 Volume Delta, Others Volume Delta: Positive, Negative: Volume Delta color customization options Volume Histogram: Growing, Falling: Volume Histogram color customization options Display Length: Length of the visual objects presented with this indicator Volume Delta Height: Volume delta height customization options Volume Histogram Height: Volume histogram height customization options Vertical Offset: Volume delta and histogram vertical positioning customization options 🔹 Cumulative Volume Delta, Others CVD Line, Width, and Color: Cumulative Volume Delta - Line Width and Color customization options CVD Area/Baseline, Gradient Coloring: Cumulative Volume Delta - Area and Baseline background gradient coloring customization options CVD Candles Color, Positive, and Negative: Cumulative Volume Delta - Candles coloring customization options CVD/Smoothing Background: Highlights and adjusts the transparency of the area between the Cumulative Volume Delta Line and it's Smoothing Line 🔶 RELATED SCRIPTS Liquidity-Sentiment-Profile EquiVolume Volume-Footprint
Pine Script™ indicator
by LuxAlgo
25
Volume Profile with Delta [TradeMaster Lite]The indicator estimates and displays the total traded volume and it's delta** at each price level during the user-defined period. It can be used to identify key support and resistance levels, determine logical take profit and stop loss levels, identify balanced and unbalanced markets and determine trend strength. The indicator offers different approaches to visualize the volume profile and can be chosen based on your preferred trading strategy and analysis method. The position and size of the Volume Profile is fully customizable, it can even be flipped if needed! Three different display types (cosmetic effect only): Classic Compact Modern The Lite version offers three different range types: Visible Range: displays the volume profile for the visible range of bars or candles on the chart. It adjusts dynamically as you change the chart view making it ideal for the modern trader who values both precision and simplicity. Open End: displays the volume profile from a specific start date without a defined end, including real delta data. It provides an overview of the volume activity across all price levels of the examined period. Fixed End: lets you define a specific start and end point for the volume profile. It can be useful if you want to analyze the volume activity within a specific time period or price range. 👉 Usage The Volume Profile is a histogram that shows the estimated trading volume at certain price levels, how much was sold and how much was bought of the asset. The longer the histogram, the greater the trading volume at that price level. The Delta estimates which side was dominant at that price level and by how much. To make the most out of the indicator, you can look for pullbacks to high volume nodes or value areas, initial equilibrium pullbacks, buy or sell opportunities for price reversals, institutional order flow. The largest histogram node is called the Point of Control (POC). It is the estimated real market price of a coin. There's a common belief that when the price is above this point, the market sentiment is bullish, and when it's below, the sentiment turns bearish. It can act as a strong support if the price is above it and as strong resistance if the price is below it. Price action usually finds the most support and resistance and the edge of the high volume areas. The indicator can mark these as VAH and VAL (Value Area High and Low). In addition to the indication of support and resistance zones, the volume profile can also be used to infer the speed of price movements. At levels where there is little trading volume, faster and more volatile price movements are expected. In such scenarios the price may fall or rise faster to the next high volume zone. 👉 General advice Confirming Signals with other indicators: As with all technical indicators, it is important to confirm potential signals with other analytical tools, such as support and resistance levels, as well as indicators like RSI, MACD, and volume. This helps increase the probability of a successful trade. Use proper risk management: When using this or any other indicator, it is crucial to have proper risk management in place. Consider implementing stop-loss levels and thoughtful position sizing. Combining with other technical indicators: The indicator can be effectively used alongside other technical indicators to create a comprehensive trading strategy and provide additional confirmation. Keep in Mind: Thorough research and backtesting are essential before making any trading decisions. Furthermore, it's crucial to have a solid understanding of the indicator and its behavior. Additionally, incorporating fundamental analysis and considering market sentiment can be vital factors to take into account in your trading approach. Limitations: The Lite version shows simple delta with current timeframe volume data. The indicators within the TradeMaster Lite package aim for simplicity and efficiency, while retaining their original purpose and value. Some settings, functions or visuals may be simpler than expected. **The Delta estimates which side was dominant at that price level and by how much. It is the difference between bull and bear volume of the candle. ⭐ Conclusion We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. Our aim is to offer useful features that meet the needs of the 21st century and that we actually use. 🛑 Risk Notice: Everything provided by trademasterindicator – from scripts, tools, and articles to educational materials – is intended solely for educational and informational purposes. Past performance does not assure future returns.
Pine Script™ indicator
by algoat
6
MW Volume ImpulseMW Volume Impulse Settings * Moving Average Period: The moving average period used to generate the moving average line for the bar chart. Default=14 * Dot Size: The size of the dot that indicates when the moving average of the CVD is breached. Default=10 * Dot Transparency: The transparency of the dot that indicates when the moving average of the CVD is breached. Default=50 * EMA: The exponential moving average that the price must break through, in addition to the CVD moving * Accumulation Length: Period used to generate the Cumulative Volume Delta (CVD) for the bar chart. Default=14 Introduction Velocity = Change in Position over time Acceleration = Change in Velocity over time For this indicator, Position is synonymous with the Cumulative Volume Delta (CVD) value. What the indicator attempts to do is to determine when the rate of acceleration of buying or selling volume is changing in either or buying or selling direction in a meaningful way. Calculations The CVD, upon which these changes is calculated using candle bodies and wicks. For a red candle, buying volume is calculated by multiplying the volume by the spread percentage of the average of the top and bottom wicks, while Selling Volume is calculated multiplying the volume by the spread percentage of the average of the top and bottom wicks - in addition to the spread percentage of the candle body. For a green candle, buying volume is calculated by multiplying the volume by the spread percentage of the average of the top and bottom wicks - plus the spread percentage of the candle body - while Selling Volume is calculated using only the spread percentage average of the top and bottom wicks. How to Interpret The difference between the buying volume and selling volume is the source of what generates the red and green bars on the indicator. But, more specifically, this indicator uses an exponential moving average of these volumes (14 EMA by default) to determine that actual bar size. The change in this value indicates the velocity of volume and, ultimately, the red and green bars on the indicator. - When the bar height is zero, that means that there is no velocity, which indicates either a balance between buyers and sellers, or very little volume. - When the bar height remains largely unchanged from period to period - and not zero - it means that the velocity of volume is constant in one direction. That direction is indicated by the color of the bar. Buyers are dominating when the bars are green, and sellers are dominating when the bars are red. - When the bar height increases, regardless of bar color, it means that volume is accelerating in a buying direction. - When the bar height decreases, regardless of bar color, it means that volume is accelerating in a selling direction. The white line represents the moving average of the bar values, while the red and white - and green and white - dots show when the moving average has been breached by the Cumulative Volume Delta value AND the price has broken the 7 EMA (which is user editable). As with most moving averages, a breach can indicate a move in a bearish or bullish direction, and the sensitivity can be adjusted for differing market conditions Other Usage Notes and Limitations For better use of the signal, consider the following, 1. Volume moving below the moving average can indicate that the volume may be ready to exit an overbought condition, especially if the bars were making lower highs prior to the signal - regardless of bar color. 3. Volume moving above the moving average can indicate that the volume may be ready to exit an oversold condition, especially if the bars were making higher lows prior to the signal - regardless of bar color. Additionally, a green dot that occurs with a positive (green) Cumulative Volume Delta can indicate a buying condition, while a red dot that occurs with a negative (red) Cumulative Volume Delta can indicate a selling condition. What this means is that buying or selling momentum briefly went against the direction of buying or selling Cumulative Volume Delta , but was not strong enough to change the buying or selling direction. In cases like this, once the volume begins to accelerate again in the direction of the buying or selling volume - indicated by a red or green dot - then the price is more likely to favor the direction of the Cumulative Volume Delta and its corresponding acceleration. Although a red or green signal can indicate a change in direction, this script cannot predict the magnitude or duration of the change. It is best used with accompanying indicators that can be used to confirm a direction change, such as a moving average, or a supply or demand range.
Pine Script™ indicator
by mwrightinc
12
CVD+ - Multi Symbol Cumulative Volume DeltaEdit of TradingView's LTF CVD TradingView's CVD is already the most accurate CVD on the platform because of the LTF data. The purpose of the edit is to provide the ability to compare volume flow between multiple exchanges, futures & spot, multiple symbols or any other potential use case. All in single layout or even a single pane. Added features: - Option to manually select a symbol from which to calculate the LTF CVD - Option to normalize the selected symbol's CVD to the chart's symbol's CVD (Useful when you want to compare futures and spot on the same pane) - Label that displays the selected symbol's name and exchange - Changed presets to plot the CVD line as the predetermined option All of TV's original features remain the same.
Pine Script™ indicator
by In_Finito_
6
Volume Suite - By Leviathan (CVD, Volume Delta, Relative Volume)Volume Suite is an all-in-one script that includes several volume-based indicators such as CVD, Volume Delta, Relative Volume, Buy/Sell Volume, Cumulative Relative Volume and more. Additionally, it offers fully customisable appearance and features for improved data visualization, such as highlights for high volume activity, small price changes with high volume, or large price changes with low volume and more. Data available in version 1: - Volume Delta Volume Delta is the net difference between Buy Volume and Sell Volume at a given bar. Positive Delta indicates that Buy Volume > Sell Volume, while Negative Delta means that Sell Volume > Buy Volume. As there is not way to get tick data on Tradingview, calculating Volume Delta is improvised by using the direction of lower timeframe candles and their volume. - Cumulative Volume Delta (CVD) CVD is a running total/cumulation of Volume Delta values, where positive VD gets added to the sum and negative VD gets subtracted from the sum. It can be used for trend strength analysis, divergence strategies, sentiment, etc. - Buy/Sell Volume Buy and Sell Volume provides an insight into volume activity in a given bar by estimating the buying/selling volume based on the direction of lower timeframe candles and their volume. - Relative Volume Relative Volume is used to compare current trading volume to past trading volume over a given period. For instance, a relative volume of 1.0 indicates that volume is at an average level, while a relative volume of 2.0 suggests that the volume is twice as high as the average. - Cumulative Relative Volume (CRVOL) CRVOL is a running total/cumulation of Relative Volume values, where RVOL at close>open gets added to the sum and RVOL at close<open gets subtracted from the sum. It can be used for trend strength analysis, divergence strategies, sentiment, etc. Alerts, aggregated data and more data sets coming in future updates.
Pine Script™ indicator
by LeviathanCapital
55
Open Interest Profile [Fixed Range] - By LeviathanThis script generates an aggregated Open Interest profile for any user-selected range and provides several other features and tools, such as OI Delta Profile, Positive Delta Levels, OI Heatmap, Range Levels, OIWAP, POC and much more. The indicator will help you find levels of interest based on where other market participants are opening and closing their positions. This provides a deeper insight into market activity and serves as a foundation for various different trading strategies (trapped traders, supply and demand, support and resistance, liquidity gaps, imbalances,liquidation levels, etc). Additionally, this indicator can be used in conjunction with other tools such as Volume Profile. Open Interest (OI) is a key metric in derivatives markets that refers to the total number of unsettled or open contracts. A contract is a mutual agreement between two parties to buy or sell an underlying asset at a predetermined price. Each contract consists of a long side and a short side, with one party consenting to buy (long) and the other agreeing to sell (short). The party holding the long position will profit from an increase in the asset's price, while the one holding the short position will profit from the price decline. Every long position opened requires a corresponding short position by another market participant, and vice versa. Although there might be an imbalance in the number of accounts or traders holding long and short contracts, the net value of positions held on each side remains balanced at a 1:1 ratio. For instance, an Open Interest of 100 BTC implies that there are currently 100 BTC worth of longs and 100 BTC worth of shorts open in the market. There might be more traders on one side holding smaller positions, and fewer on the other side with larger positions, but the net value of positions on both sides is equivalent - 100 BTC in longs and 100 BTC in shorts (1:1). Consider a scenario where a trader decides to open a long position for 1 BTC at a price of $30k. For this long order to be executed, a counterparty must take the opposite side of the contract by placing a short order for 1 BTC at the same price of $30k. When both long and short orders are matched and executed, the Open Interest increases by 1 BTC, indicating the introduction of this new contract to the market. The meaning of fluctuations in Open Interest: - OI Increase - signifies new positions entering the market (both longs and shorts). - OI Decrease - indicates positions exiting the market (both longs and shorts). - OI Flat - represents no change in open positions due to low activity or a large number of contract transfers (contracts changing hands instead of being closed). Typically, we monitor Open Interest in the form of its running value, either on a chart or through OI Delta histograms that depict the net change in OI for each price bar. This indicator enhances Open Interest analysis by illustrating the distribution of changes in OI on the price axis rather than the time axis (akin to Volume Profiles). While Volume Profile displays the volume that occurred at a given price level, the Open Interest Profile offers insight into where traders were opening and closing their positions. How to use the indicator? 1. Add the script to your chart 2. A prompt will appear, asking you to select the “Start Time” (start of the range) and the “End Time” (end of the range) by clicking anywhere on your chart. 3. Within a few seconds, a profile will be generated. If you wish to alter the selected range, you can drag the "Start Time" and "End Time" markers accordingly. 4. Enjoy the script and feel free to explore all the settings. To learn more about each input in indicator settings, please read the provided tooltips. These can be accessed by hovering over or clicking on the ( i ) symbol next to the input.
Pine Script™ indicator
by LeviathanCapital
19
Market Order Bubbles + Trapped Positions [Pt]"Market Order Bubbles + Trapped Positions" is a multifaceted TradingView indicator, employing volume data to depict intensified market activities. By highlighting aggressive buying/selling behaviors, this tool serves as a dependable aid in pinpointing potential trading reversals. Additionally, it proves an effective device for real-time market trend monitoring. The unique ability of this indicator to spotlight 'Trapped Positions'—resulting from such vigorous trading activity—helps identify crucial price levels or ranges that may lead to significant price responses. Market Order Bubbles The Market Order Bubbles feature capitalizes on volume data to estimate market orders. High bullish volume is indicative of a surge in buy orders, while strong bearish volume flags an increase in sell orders. These orders are visually represented by bubbles of different sizes, corresponding directly to the volume strength, thus providing traders with an immediate, intuitive understanding of market activity. Trapped Positions/Zones The concept of Trapped Positions emerges when sizable buy orders appear during a bearish market trend, or vice versa. For instance, if a considerable sell order is detected during a bullish uptrend, it signifies that those short positions may be 'trapped'. These positions help in plotting potential price range zones. When the price revisits these zones and the market trend maintains its bullish inclination, trapped shorts might opt for liquidation near break-even to mitigate losses. The reverse holds true in a bearish downtrend. Trend Follower The Trend Follower feature is a supportive tool that aims to discern price trends, color-coding candle bars for clarity. This function assists traders by presenting a simplified view of the prevailing trend, helping to minimize distractions caused by minor price shifts. The utility of the Trend Follower is its ability to aid traders in focusing on the larger market direction. It allows traders to concentrate on the more substantial trend and make decisions that align with this broader market movement, rather than reacting to every minor price fluctuation. As a result, this feature may support traders in maintaining their positions for a longer duration, which could potentially enhance their trading outcomes. The Trend Follower, therefore, offers a helpful contribution to a balanced and effective trading approach. In essence, the "Market Order Bubbles + Trapped Positions" indicator with its Trend Follower feature provides traders with a comprehensive understanding of market dynamics, allowing them to navigate the financial markets with increased precision and confidence. Its unique features, designed to highlight significant market activities and trends, can greatly aid in refining trading strategies, making it a potentially invaluable tool in a trader's arsenal.
Pine Script™ indicator
by PtGambler
111
Market Order Bubbles - By Leviathan"Market Order Bubbles" is a volume-based indicator that helps visualize the occurrences of increased aggressiveness in market buying/selling and can serve as a useful confluence for trading reversals or as a simple tool for observing real-time market dynamics. I created Market Order Bubbles six months ago as an additional tool included in my Liquidation Levels script. Due to their popularity, I decided to publish them as a standalone indicator with some new features. The script is based on a calculation that uses volume data (imitation of CVD) and price action to estimate where there is a surge in the quantity and magnitude of market buy and sell orders. These occurrences are visualized with circles (bubbles) that appear above the bar (market buy orders) or below the bar (market sell orders). Most of the time, the approach to interpreting the bubbles is contrarian, meaning that the appearance of Market Buy Order Bubbles can serve as a confluence to look for shorts, and the appearance of Market Sell Order Bubbles can serve as a confluence to look for longs. The concept behind taking a contrarian approach: Market Buy Order Bubbles appear above the price and possibly signal the following: - Short positions being liquidated (exit short = buy order) - New traders entering late longs based on FOMO (enter long = buy order) - Smarter traders getting their limit sell orders filled by aggressive buyers/stopped out shorts ⇒ Possible reversal to the downside / short-term pullback / start of ranging price action (PA) Market Sell Order Bubbles appear below the price and possibly signal the following: - Long positions being liquidated (exit long = sell order) - New traders entering late shorts based on FOMO (enter short = sell order) - Smarter traders getting their limit buy orders filled by aggressive sellers/stopped out longs ⇒ Possible reversal to the upside / short-term pullback / start of the ranging PA These events are identified and filtered by EMA and STDEV-based "thresholds," which can be modified in the indicator settings. 1. If the buy/sell volume exceeds the first threshold, a Small Bubble is displayed. 2. If the buy/sell volume surpasses the second threshold, a Medium Bubble is displayed. 3. If the buy/sell volume exceeds the third threshold, a Large Bubble is displayed. Increasing the multipliers effectively increases the threshold for a given bubble to appear, making the conditions for its occurrence more strict. Decreasing the multipliers effectively decreases the threshold for a given bubble to appear, making the conditions for its occurrence less strict. Settings Overview "Bubble Position" - Choose whether the bubbles are displayed above/below the candle, at the candle high/low, or at the intrabar POC of the candle. "Strength Gradient Color" - This option adjusts the transparency of the bubble's color relative to the volume on that bar. "Threshold EMA Length" - Choose the length of the EMA used for determining the thresholds. "Threshold STDEV Length" - Choose the length of the ta.stdev() function used on the EMA. "Appearance Delay" - This input allows you to delay the appearance of the bubble for x number of bars. The default is 0. "Show POC" - Show/hide intrabar POCs displayed as "-". "Timeframe-Adjusted Settings" - Different timeframes might require different parameters. In this section, you can set custom parameters (Lengths and Multipliers) for four different timeframes, and the script will automatically switch to those settings as you browse through different timeframes.
Pine Script™ indicator
by LeviathanCapital
35
Relative VolumeHello traders, "There's nothing new on Wall Street" is an age-old saying that still shows its relevance in modern day financial markets; volume still serves as a valuable tool for any trader just as it did for those that came and succeeded before us; in order to succeed in modern day markets one has to take it up a notch and dabble in complicated topics, like math. Now I dunno about you reader but I’m not keen on sitting around all day just to watch numbers on a screen; it’s pretty important to add some color into your life before it becomes dull but how can someone add colors into their trading toolkit as an aid rather than bother? With a bit of help from 3 other amazing open-source indicators you too can become a statistics enjoyer by combining math and colors to make pattern recognition much more intuitive and offering more peace of mind when trading. “Sir but how?”, glad you didn’t ask, it helps with simplifying statistics, in this case a Gaussian bellcurve “HUH?”, you say? Alright class, Gaussian bellcurves for math dislikers 101 is in session - Imagine that we have a bunch of numbers that we want to graph. We could just draw a line and plot the numbers on it, but that might not be very interesting. - Instead, we can use the shape of a bell to show how many of each number we have. - Let's say we have a lot of people and we want to graph how tall they are. We would start by making a line from the shortest person to the tallest person, and then we would draw the bell shape around the line. - The bell shape is called a "Gaussian Bell Curve," and it shows us how many people are a certain height. - In the middle of the bell, where it's the widest, we have the most people who are about average height. As we move to the sides of the bell, the curve gets lower because there are fewer people who are really tall or really short. The bell curve discussed is the main idea for the candle coloring component of this indicator as being able to analyze the distribution of an entire dataset, in this case volume, can alert us when volume/participation in the market is away from its average using color, and therefore an opportunity could be present. Fair warning, it’s important to not strictly focus on volume as volume is meant to be confluence to the current structure of the market rather than causing tunnel vision. Why 3 indicators to combine? It starts with the RVOL by Mik3Christ3ns3n indicator as the backbone by calculating the average volume over a specified period of time, and then compares each new volume value to this average to determine whether it is above or below the average. The indicator then normalizes the volume data and calculates the z-score/standard deviation to determine whether the volume is within normal range or is an anomaly beyond a specified threshold which can also be set into an alert to aid in eyeing possible opportunities. The code also includes Candle Coloring by Morty as it calculates a function to get the z-score for the size of the candle's body, and then compares it to the z-score for volume to determine whether the body size is a factor in the price action. Finally, the code plots the anomalies and the normalized volume data on the chart using the first RVOL indicator mentioned, and colors the bars of the chart based on whether they are within normal range or are anomalies which comes from using code from veryfid's relative volume indicator. Overall, this custom technical indicator is best used to identify unusual changes in trading volume, which may indicate potential price movements in the underlying. How about some examples? This first example is for my scalpers wanting to get in and out but not having much of an idea where or let alone how; using a tool like VWAP can be great for determining the area value to execute mean reversion trades once a speculator spots a colored candle anomaly at standard deviation band. Works best when VWAP is flat as it signals lack of conviction from both bulls and bears This second example is for my fire and forget intraweek swing traders who want to execute a higher timeframe trend-following bias. A speculator starting 2023 off notices that the negative sentiment around Binance from late last year has quieted down and has conviction in upside after BTC began an uptrend as monthly VWAP (right chart) has began sloping up as well as a rally with momentum shown with the blue colored candle so the trader waits wait for a pullback for entry. On the chart to the left of the 4H the speculator notices a pullback into the area of interest to do business so a limit bid is left to enter for continued upside in Bitcoin through January 2023 just by keeping things simple That’s really the main purpose of this indicator: simplicity of statistics for confluence using volume Volume precedes price and price moves only for narrative to follow- why wait for your subjective Twitter timeline to give you a biased narrative to trade when you can use objective analysis by combining statistics and colors to allow for a cleaner execution process “But what about risk management?” Glad you didn’t ask reader! One last example then, we meet our trend following trader again feeling euphoric so they know profit taking season is coming soon but wants to leave emotion out of it. How to go about it? Same idea as our last trend following example: we see on the 4h chart to the right side shows Bitcoin lose and trade back within the 2nd standard deviation of quarterly VWAP which is telling our speculator that the uptrend has broken on top of which notices on the 30 minute chart on the left that aggressive market buyers have been steadily absorbed by limit sellers on multiple occasions of retesting 30,500 shown with the green colored candles and volume bars below, time to sell. Turns out that selling was proactive risk management because price dumped thereafter Hope this explanation gave you some useful insights on using statistics as colors from cherrypicked examples, remember that just because my examples are cherrypicked doesn’t invalidate these concepts at all as the market only does two things, initiate aggressive auctions and respond passively to auctions. This tool makes for seeing where that initiative aggressive activity is happening much simpler to deduce if others will respond to an anomaly of initiative aggressive activity or if the aggression will continue. If there’s just one thing you take from this- simplicity above all, cheers and good luck
Pine Script™ indicator
by starstudded
4
Tape (Time and Sales)OVERVIEW This indicator is a synthesized "Tape" (aka. Time and Sales) from real time market data. It's specifically designed to be performant, expediting trading insights and decisions. The table contains color-coded price action, volume size, and a timestamp data for each chart update. Because chart updates are independent of exchange orders, 1 chart update may combine more than 1 exchange and/or order. Even so, you're able to see very small and fast order flow changes, made possible by measuring real time volume differentials, and correlating them with price action. Real time volume differentials are required for this indicator to be most useful. This is not ideal for historical analysis or TradingViews Replay feature. INPUTS You can can configure: Table Position and Text Size The Timestamp (visibility, format, timezone) The number of lines to print Volume Parameters (minimum size, large sizes, decimal precision) Highlighting and Enlarging large sized prints All the colors DEV NOTES This script illustrates: The complimentary nature of loops and arrays A method for iterative table management
Pine Script™ indicator
by liquid-trader
141
Ectopic Bar by Moti RakamEctopic Bar is an indicator that highlights a pin-bar candle that has divergence in it's shape and volume delta. To find volume delta, code of standard Up/Down volume indicator has been used. PIN BAR : pin bar are marked by using Close Range option parameter. Default value is set to 0.35 which implies any candle that closes in the 35% of its high/low will be considered a pin bar (of course the code also ensures that rest of the bar body is only a wick). HOW IT WORKS: Up/Down volume variables "Up Volume" and "Down Volume" are checked against the shape of the pin bar to find an ectopic situation. For example, if a bullish pin bar candle (a bullish hammer) has more sell volume than buy volume, that's an ectopic situation. The bullish hammer shows a buying push from the bottom of the wick, instead the up/down volume indicator shows there were more sell orders than buy orders. Hence the ectopic situation. Similarly, an inverted hammer (a bearish hammer) in general should have more sell volume, but instead if it has more buying volume, the indicator highlights it as an ectopic bar. Ectopic Bars are painted in yellow colour.
Pine Script™ indicator
by MotiRakam
2
Up/Down Volume + DeltaThis simple script is a modification of Tradingview's Up/Down Volume. In this case the delta between the buys and sells is plotted in columns style above the regular up/down volume columns. This gives a better visual of the dominant volume and is useful to spot divergences in tops and bottoms. The indicators uses data from lower timeframe volumes. By default the lowest timeframe it will use is 1m, but for those that have a premium account you can try using a custom LTF set to seconds when scalping on the 1m chart. Enjoy :)
Pine Script™ indicator
by FractalTrade_
3
Volume Delta (Expo)█ Overview Volume Delta (Expo) is a trading tool that measures the difference between buying and selling volume in a given market. It is a powerful tool for analyzing volume clusters and price action, as it can help traders identify the direction and strength of the trend as well as potential volume-weighted support and resistance areas. █ How is the Volume Delta calculated? Volume Delta is calculated by subtracting the number of contracts traded on the bid from the number of contracts traded on the ask. A positive Volume Delta indicates that more contracts are being traded on the ask than on the bid, which suggests buying pressure. A negative Volume Delta indicates that more contracts are being traded on the bid than on the ask, which suggests selling pressure. Note, our Volume Delta (Expo) uses intrabar analysis in combination with volume clusters which is a great approximation to calculating volume delta on TradingView. The tool is equipped with a unique volume-weighted cluster function to calculate the delta trend over time as well as a dynamic trend strength calculation. █ How to Use Volume Delta to Analyze Volume Clusters Volume clusters are areas of high volume that indicate a potential change in price direction. Once the clusters have been identified, traders can then use Volume Delta to measure the difference between buying and selling volume in the clusters. If the buying volume is greater than the selling volume, it indicates that the price is likely to move higher. Conversely, if the selling volume is greater than the buying volume, it indicates that the price is likely to move lower. In addition to measuring the difference between buying and selling volume, traders can also use Volume Delta to analyze price action. By looking at the volume clusters and the corresponding price action, traders can identify potential support and resistance levels. █ How to use The volume delta provides insight into market sentiment, as a rise in buying volume on a positive close indicates that bullish sentiment is strengthening, while a rise in selling volume on a negative close indicates that bearish sentiment is increasing. In addition, use volume delta to identify the direction and strength of the trend. It's common among volume traders to use volume delta to confirm trends, identify reversals, divergences, and volume-weighted support and resistance areas Volume - divergences If the volume delta is positive but the price trend is still bearish, it could be an indication that the current trend is weakening and a reversal may be imminent. Similarly, if the volume delta is negative but the price trend is still bullish, it could be an indication that the current trend is weakening and a reversal may be imminent. █ Indicator Features In addition to the main Volume Delta feature, the indicator has the following features: Adaptive or Stability Volume Strength: Choose between adaptive or stability volume strength. Exhausted Volume bars: Show Exhausted Volume Bars on the chart. Divergences: Enable Regular and Hidden Volume Divergences ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pine Script™ indicator
by Zeiierman
14
Delta Ladder [Kioseff Trading]Hello! This script presents volume delta data in various forms! Features Classic mode: Volume delta boxes oriented to the right of the bar (sell closer / buy further) On Bar mode: Volume delta boxes oriented on the bar (sell left / buy right) Pure Ladder mode: Pure volume delta ladder PoC highlighting Color-coordinated delta boxes. Marginal volume differences are substantially shaded while large volume differences are lightly shaded. Volume delta boxes can be merged and delta values removed to generate a color-only canvas reflecting vol. delta differences in price blocks. Price bars can be split up to 497 times - allowing for greater precision. Total volume delta for the bar and timestamp included The image above shows Classic mode - delta blocks are oriented left/right contingent on positive/negative values! The image above shows the same price sequence; however, delta blocks are superimposed on the price bar. Left-side blocks reflect negative delta while right-side blocks reflect positive delta! To apply this display method - select "On Bar" for the "Data Display Method" setting! The image above shows "Pure Ladder" mode. Delta blocks remain color-coordinated; however, all delta blocks retain the same x-axis as the price bar they were calculated for! Additionally, you can select to remove the delta values and merge the delta boxes to generate a color-based canvas indicative of volume delta at traded price levels! The image above shows the same price sequence; however, the "Volume Assumption" setting is activated. When active, the indicator assumes a 60/ 40 split when a level is traded at and only one metric - "buy volume" or "sell volume" is recorded. This means there shouldn't be any levels recorded where "buy volume" is greater than 0 and "sell volume" equals 0 and vice versa. While this assumption was performed arbitrarily, it may help better replicate volume delta and OI delta calculations seen on other charting platforms. This option is configurable; you can select to have the script not assume a 60/ 40 split and instead record volume "as is" at the corresponding price level! I plan to roll out additional features for the indicator - particularly tick-based price blocks! Stay tuned (: Thank you!
Pine Script™ indicator
by KioseffTrading
23
Cumulative Volume Delta [Aggregated]This Indicator is known as Cumulative Volume Delta (CVD), and it represents the total difference between buying and selling pressure. This indicator use intrabar analysis to strike a balance between the most straightforward and accurate approaches of computing volume delta. Intrabar analysis is the most accurate method to determine volume delta on historical bars on our charts when TradingView does not currently have historical tick data available. What is included in the indicator: Candle Type CVD Line Type CVD Aggregated Data which is derived from different exchanges ● Binance ● Bybit ● OKX ● Delta ● WooNetwork You can choose between Aggregated Data or Single Data by choice. Aggregated Data - Gathered Data from multiple exchanges which is summarize and became one. Single Data - Data on your current chart. Aggregated Data for CVD is still limited to BTC pair as of the moment. The indicator automatically switches to Single Data Type if the opened chart is not a BTC pair. Candle Colors are fully customizable just like the Tradingview candle settings. This indicator is mostly compatible to all Crypto. NOTE: Most code is derived from my library to keep everything neat and clean.
Pine Script™ indicator
by jeesauce
13
BTC Net Volume (Spot) (by JaggedSoft, fixed by SLN)• WHAT: This indicator plots the aggregated net volume delta of BTC spot pairs from 8 exchanges over the last 60 periods (default settings). Tracks the following pairs: "BINANCE:BTCUSDT" "BITFINEX:BTCUSD" "POLONIEX:BTCUSDT" "BITTREX:BTCUSDT" "COINBASE:BTCUSD" "BITSTAMP:BTCUSD" "KRAKEN:XBTUSD" "BITGET:BTCUSDT" "GEMINI:BTCUSD" • HOW TO USE: Used for confirmation when watching futures that can experience quick movements in the form of liquidation-events. If the oscillator is green or trending upward, it's confirming a positive bias. The inverse is true for a negative bias. This is especially true on higher timeframes. Can also be used to find correlations between different tech-assets. • NOTES: I forked JaggedSofts indicator to fix the data-source error it was having. Let me know if you want to customize exchanges or add more pairs, maybe I can add that in the future! This indicator replaces the outdated alternative linked here : Please only use this one • LIMITATIONS: Only tested with normal japanese candlesticks . • THANKS: to the creator of this script, JaggedSoft. It's a great indicator! • DISCLAIMER: Not financial Advice, use at your own risk.
Pine Script™ indicator
by stresslessness
Volume Spread AnalyzerThis indicator is unseen on Tradingview and wants to be the number 1 indicator for the volume spread analysis. Its formula, as simple as useful, compares the effort (volume) of the candle with the results, or the price movement. This way it's possible to apply the famous Volume Spread Analysis with a simple and complete indicator that's 100% objective. This indicator can be used on almost any market, but it gives the best results on markets which has constant and high volume, like forex markets, for example. There are 4 different modes that you can choose from, and all of the use different approaches and techniques to measure the same concept: the efficiency of the price compared to the effort of buyers and sellers: 1. The first one analyzes the formula for ONLY buy candles and ONLY for sell candles, and then plots the column oscillator to show the difference. 2. The second function shows the same formula but applied to any candle, and then confronts the two lines generated by the effort of the positive candle and the negative one as an area. You also have a single-step line on the chart that shows the real-time single-candle effort to result from efficiency. 3. Comparison between the single candle effort and the average efficiency, useful to filter out bad entry candles that could lead to a stop loss. 4. Absorbion analyzer: with this option, you can choose between the single candle and multi-candle mode. 4.1: Single candle mode display, as a pink circle on the oscillator, the candles that are more likely an absorption. 4.2: Multi-candle mode display the summation of the single candle value, to analyze the entire movement and identify the part of the trend that can be absorbed when compared to the other. For almost any function o the indicator, the fast line input changes the fast line that you see on the chart (i suggest not increasing it above 3 for optimal results), and the slow line changes the moving average or the area that shows the difference between the other lines, you can set the slow line to 1 to have as a result the simple difference of the other lines, or you can set it to a higher value like 50 to show the middle or long term bias.
Pine Script™ indicator
by OmegaTools
1
Aggregated Volume Spot & Futures ⚉ ＯＶＥＲＶＩＥＷ ⚉ The indicator presents a comprehensive approach to Aggregated Volume Data . Works on almost all CRYPTO Tickers! The script also includes several input parameters that allow the user to control which exchanges and currencies are included in the aggregated data. This script allows the user to choose from several data display modes, including volume, spot & perp, delta, cumulative delta, and others. The user can also choose how volume is displayed (in assets, U.S. dollars or euros) and how it is calculated (sum, average, median, or dispersion). WARNING Indicator is for CRYPTO ONLY. ______________________  ⚉ ＳＥＴＴＩＮＧＳ ⚉ ‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ Mode — Choose Mode.     • Volume — This displays the Volume     • Volume (Colored) — Shows aggregated volume but applying different volume colors for different exchanges.     • Delta — This displays the difference between the number of sellers and buyers.     • Cumulative Delta — This displays the cumulative delta between sellers and buyers.     • Spot & Perp — Shows Spot and Futures volume at the same time.     • Delta (Spot - Perp) — Shows the difference between Spot and Futures Volume.     • Liquidations — Displays Potential Liquidations. (Calculated between the difference in volume between Futures and Spots)     • OBV — On Balance Volume.     • MFI — Money Flow Indicator. •   Data Type — Choose Single or Aggregated data.     • Single — Show only current Volume.     • Aggregated — Show Aggregated Volume. Volume By — You can also select how the volume is displayed.     • COIN — Volume in Actives.     • USD — Volume in United Stated Dollar.     • EUR — Volume in European Union.     • RUB — Volume in Russian Ruble. Calculate By — Choose how Aggregated Volume it is calculated.     • SUM — This displays the total volume from all sources.     • AVG — This displays the average price of the volume from all sources.     • MEDIAN — This displays the median volume from all sources.     • VARIANCE — This displays the variance of the volume from all sources.         * 🡅 Be Careful, Reacts to Every Mode. Additional features     • Show MA — Show Movieng Average of Volume.          • MA Period — Period of MA.     • Lookback — Lookback period for 'Cumulative Delta' and for 'MFI'.     • Liquidation Filter — Filters out small or negative difference values.     • Show Table — Table shows the current volume of the last candle. Also in the Mode "Colored" shows the color of exchanges if they have volume. ________________  ⚉ ＮＯＴＥＳ ⚉ ‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ I don't pretend to be the best choice for calculating CVD , Delta and Liquidations, the calculations are chosen to be optimal from what I have seen and know. If you have any ideas what to add to my work to add more sources or make calculations cooler, suggest in DM .
Pine Script™ indicator
by HALDRO
57
Igniting CandlesDisplays (and alerts) abrupt changes in volume, by default it compares previous candle volume to the current one but average volume over custom look-back period can be specified. Simply adjust filter to the volume change (or average volume) required before visual indication and alert will fire. The theory is that large changes in volume forecast the future movement; certainly combine this indicator with other tools to build a more sound trading plan.
Pine Script™ indicator
by syntaxgeek
1
Open Interest Profile (OI)- By LeviathanThis script implements the concept of Open Interest Profile, which can help you analyze the activity of traders and identify the price levels where they are opening/closing their positions. This data can serve as a confluence for finding the areas of support and resistance , targets and placing stop losses. OI profiles can be viewed in the ranges of days, weeks, months, Tokyo sessions, London sessions and New York sessions. A short introduction to Open Interest Open Interest is a metric that measures the total amount of open derivatives contracts in a specific market at a given time. A valid contract is formed by both a buyer who opens a long position and a seller who opens a short position. This means that OI represents the total value of all open longs and all open shorts, divided by two. For example, if Open Interest is showing a value of $1B, it means that there is $1B worth of long and $1B worth of short contracts currently open/unsettled in a given market. OI increasing = new long and short contracts are entering the market OI decreasing = long and short contracts are exiting the market OI unchanged = the net amount of positions remains the same (no new entries/exits or just a transfer of contracts occurring) About this indicator *This script is basically a modified version of my previous "Market Sessions and Volume Profile by @LeviathanCapital" indicator but this time, profiles are generated from Tradingview Open Interest data instead of volume (+ some other changes). The usual representation of OI shows Open Interest value and its change based on time (for a particular day, time frame or each given candle). This indicator takes the data and plots it in a way where you can see the OI activity (change in OI) based on price levels. To put it simply, instead of observing WHEN (time) positions are entering/exiting the market, you can now see WHERE (price) positions are entering/exiting the market. This is the same concept as when it comes to Volume and Volume profile and therefore, similar strategies and ways of understanding the given data can be applied here. You can even combine the two to gain an edge (eg. high OI increase + Volume Profile showing dominant market selling = possible aggressive shorts taking place) Green nodes = OI increase Red nodes = OI decrease A cluster of large green nodes can be used for support and resistance levels (*trapped traders theory) or targets (lots of liquidations and stop losses above/below), OI Profile gaps can present an objective for the price to fill them (liquidity gaps, imbalances, inefficiencies, etc), and more. Indicator settings 1. Session/Lookback - Choose the range from where the OI Profile will be generated 2. OI Profile Mode - Mode 1 (shows only OI increase), Mode 2 (shows both OI increase and decrease), Mode 3 (shows OI decrease on left side and OI increase on the right side). 3. Show OI Value Area - Shows the area where most OI activity took place (useful as a range or S/R level ) 4. Show Session Box - Shows the box around chosen sessions/lookback 5. Show Profile - Show/hide OI Profile 6. Show Current Session - Show/hide the ongoing session 7. Show Session Labels - Show/hide the text labels for each session 8. Resolution - The higher the value, the more refined a profile is, but fewer profiles are shown on the chart 9. OI Value Area % - Choose the percentage of VA (same as in Volume Profile's VA) 10. Smooth OI Data - Useful for assets that have very large spikes in OI over large bars, helps create better profiles 11. OI Increase - Pick the color of OI increase nodes in the profile 12. OI Decrease - Pick the color of OI decrease nodes in the profile 13. Value Area Box - Pick the color of the Value Area Box 14. Session Box Thickness - Pick the thickness of the lines surrounding the chosen sessions Advice The indicator calculates the profile based on candles - the more candles you can show, the better profile will be formed. This means that it's best to view most sessions on timeframes like 15min or lower. The only exception is the Monthly profile, where timeframes above 15min should be used. Just take a few minutes and switch between timeframes and sessions and you will figure out the optimal settings. This is the first version of Open Interest Profile script so please understand that it will be improved in future updates. Thank you for your support. ** Some profile generation elements are inspired by @LonesomeTheBlue's volume profile script
Pine Script™ indicator
by LeviathanCapital
19
CVD Ichimoku(s)ENGLISH What is this indicator? This is a combination of two indicators: the CVD - Cumulative Volume Delta Candles published by TradingView (version v3 2022.07.11) with two Ichimoku clouds: one for the current time frame and another for a bigger time frame. The user of the indicator can define that bigger time frame with a multiplier. By default it multiplies x6 the current TF (for example, if you watch at the 1 hour time frame the second kumo belongs to 6 hour TF). Additionaly, an orange line replicates the senko span A without displacement. It is extra layer of visual information that can be hidded from settings. How it should be used? Delta Volume indicators can be hard to read. This format gives the trader an overview of where the agressive buyers/sellers are in relation to past market orders. And relative to price if used in combination with the classic Ichimoku indicator on price. I recommend to use it as a support for your ideas applying Ichimoku's calculations deep knowledge. CATALÀ* Què és aquest indicador? És una combinació de dos indicadors: el CVD - Cumulative Volume Delta Candles publicat per TradingView (versió v3 2022.07.11) amb dos Ichimoku clouds: on pel time frame actual i un altre per un time frame superior. L'usuari de l'indicador pot definir aquest time frame superior mitjançant un multiplicador. Per defecte multiplica x6 el TF actual (per exemple, si uses l'indicador al time frame d'1 hora, el segon kumo correspondrà al TF de 6 hores). Adicionalment hi ha una línia taronja que replica el senko span A sense desplaçament. És una capa extra d'informació visual que pot ser amagada des de la configuració. Com s'ha de fer servir? Els indicadors de Delta Volume poden ser difícils de llegir. Aquest format dona al tradejador una visió global d'on són els compradors/venedors agressius en relació al mercat d'ordres passat. I relatiu al preu en combinació amb el clàssic indicdor Ichimoku sobre preu. Recomano usar-lo com a suport per les teves idees aplicant un profund coneixement dels càlculs d'Ichimoku. *Catalan is a language speaked since 8th century in most eastern territories of the current Spain (Catalunya, Illes Balears, País Valencià), south of France and some zones of Italy. Catalan is spoken by some 9,000,000 people in Spain and some 125,000 in France, as well as by some 30,000 in Andorra and some 40,000 in Alghero.
Pine Script™ indicator
by hakunamatata007
4
Volume composition / quantifytools— Overview While net volume is useful information, it can be a blunt data point. Volume composition breaks down the content of volume, allowing a more detailed look inside each volume node. Volume composition consists of the following information: Total volume (buy and sell). By default gray node. Dominating volume (buy or sell). By default dark green/dark red node. Dominating active volume (buy or sell). By default light green/light red node. Dominating volume as percentage of total volume. Dominating active volume as percentage of total active volume. Buy and sell volume is defined by volume associated with lower timeframe up/down moves. This classification is further broken down to passive/active, standing for decreasing/increasing volume, e.g. a move up with volume higher than previous bar volume = active buy volume, a move up with volume lower than previous bar volume = passive buy volume. Volume data is fetched from a lower timeframe that is automatically adjusted to fit the timeframe you're using. By default, the following settings are applied: Charts <= 30 min: 1 minute timeframe Charts > 30 min & <= 3 hours : 5 minute timeframe Charts > 3 hours & <= 8 hours : 15 minute timeframe Charts > 8 hours & <= 1D: 1 hour timeframe Charts > 1D & <= 3D : 2 hour timeframe Charts > 3D: 4 hour timeframe Timeframe settings can be changed via input menu. The lower the timeframe, the more precision you get but with the cost of less historical data and slower loading time. Users can also choose which source to use for determining buy/sell volume, e.g. using close as source, a close that is higher than previous close would be considered as buy volume. This could be replaced with OHLC4 for example, resulting in a volume direction based on OHLC average. Volume composition of current chart can also be replaced with any other chart volume composition: — Visuals Breakdown of visual elements: 1. Symbol and timeframe used for volume composition calculations. By default the chart that is viewed and automatically selected lower timeframe. 2. Dominating volume threshold exceeded. Can be defined via input menu, 70% of total volume by default. 3. Dominating volume as percentage of total volume. Plotted below volume nodes, without % symbol. 4. Dominating active volume, + or - symbol, standing for buy and sell. Plotted below dominating volume percentage. When dominating volume and dominating active volume sides are in a disagreement (e.g. dominating volume is on buy side while dominating active volume is on sell side) this symbol will appear inside brackets, (+) or (-). 5. Dominating active volume as percentage of total active volume. Plotted below +/- symbol. 6. Dominating active volume threshold exceeded. Can be defined via input menu, 70% by default. Dominating volume & active volume percentages can be rounded to single numbers to avoid clutter caused by overlapping values. The percentage values will be rounded to closest single number value, e.g. dominating volume percentage at 54% = 5, dominating volume percentage at 55% = 6. Volume anomalies can be highlighted on the chart with a color for studying the events and their past implications in greater detail. Available anomalies for highlights are the following: Buy volume threshold exceeded Sell volume threshold exceeded Active buy volume threshold exceeded Active sell volume threshold exceeded Volume & active volume divergence — Practical guide Volume is arguably one of the most important data points as it directly relates to liquidity. High volume can be an indication of strength (price likely to continue moving) or absorption (price likely to halt/turn). Same applies to active volume, but with an element of aggression. High active volume serves as an indication of exuberance or otherwise forceful transacting, like stop losses triggering. With these principles in mind, the composition of volume allows distinguishing potentially important events. Example #1 : Identifying areas of trapped market participants Often when volume spikes distinctively, we can make the case that price has found sufficient liquidity to halt/turn. Since we know which side was absorbed, in what quantity and type (passive/active), we can identify areas of trapped market participants. In such scenarios, the higher the dominant active volume and volume spike itself, the better. Example #2 : Identifying a healthy trend A healthy trend is one that has an active and consistent bid driving it. When this is the case, it can be seen in consistently supportive active volume. Example #3 : Identifying inflection points When dominant side of volume and dominant side of active volume diverge, something is up. A divergence often marks an area of indecision, hinting an imminent move one way or the other.
Pine Script™ indicator
by quantifytools
98