First, I'd like to thank all those coders who've inspired me to learn and code my own indicator. This is the result of tireless hours of work learning to code and tweaking until everything fits exactly what I was looking for. After using it for a while and seeing the benefits personally, I figured now might be a good time to share with everyone while we are in...
An 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.
The DSI is a volume weighted momentum indicator similar but superior to the traditional RSI.
The DSI algorithm takes values for RSI, MFI, OBV and stochastics, then gives them each a different weighting depending on their historic reliability in different market conditions, and then averages out the values.
This results in a very reliable, noise-free momentum...
At its core, this indicator is a variation of my other indicator, Welkin Advanced Volume Overlay (for VSA )
This version is based on the power of multi-timeframe analysis. The basic functionality is simple: Plot lines from the high and low of candles formed during periods of high volume and fill the space between them. The volume levels for deciding what counts...
This indicator automatically plots the chosen timeframe's high, low, mid point and open. These levels on higher timeframes act as support and resistance levels on lower timeframes, helping find entries, stoploss and profit targets.
Most common timeframes to choose are Daily, 1W, 1M, and 3M. Other timeframes that are good include, 2D, 2W and 2M.
For example, you...
This is the best version of relative volume you can find a claim which is based on the logical soundness of its calculation.
I have amalgamated various volume analysis into one synergistic script. I wasn't going to opensource it. But, as one of the lucky few winners of TradingClue 2. I felt obligated to give something back to the community.
Relative volume...
Combination of Volume Average Trend & Volume Power Range
Able to Change Average Moving Type & Length = Depending on How Volatility /Smooth is Require on your Strategy
1# Color Green = The Volume On Trend Up
2# Color Red = The Volume On Trend Down
3# Spiking Higher Volume = End of the Top/ Bottom
This indicator seeks to mimic the conditions for Investors Business Daily's (IBD) Distribution Days that are tracked against the major indexes.
A distribution day is when the market index is down 0.2% or greater and the current day's volume is greater than yesterday's. By default, when a distribution day occurs a red arrow above the bar will appear.
The...
The indicator is intended to evaluate the stock market , as it takes into account the data on the BUY and SELL of all US shares. In the indicator, you can select various methods for providing data.
Priority = (BUY - SELL) with a intraday cumulative effect.
Ratio = (BUY / SELL) with a intraday cumulative effect.
Delta = (BUY - SELL) on each candle.
Volume = (BUY +...
Auto Price Action - Volume Price and Spread script generates important support and resistance levels basis activity happening in price, volume and candle spread. The basic idea has been taken from concepts of VSA which underlies that weakness appears in uptrend and strength in downtrend. Script will try to find candles which have volume higher then average and...
Figure out the best time to trade your favorite Currency Pair, Commodity, or Crypto!
This indicator is an exploration of how Forex Sessions affect volume. The colored plots below represent the accumulative volume during each of the four major trading sessions: London, New York, Tokyo, and Sydney.
Plots have been normalized as a percentage of total volume, i.e....
The Pocket Pivot was originated by traders Gil Morales and Dr. Chris Kacher. A Pocket Pivot is a price and volume pattern that reveals an interest of institutional buyers. The indicator is best used when the stock is is a proper consolidation base and in a prior uptrend.
The indicator shows up when the following conditions are is true.
Current day's price has...
This code is based on Dr. Wish's Green Dot indicator and all credits should go to him for this indicator. I have adapted the code described by Dr. Wish in his various blog posts and webinars.
This indicator involves Stochastics and Bollinger Band indicators to provide an indication when a technically sound stock is potentially oversold and reading to resume its...
Hi forks,
I'm trader Baekdoosan who trading Equity from South Korea. This Baekdoo ANGN indicator plot volume when large volume trading happened.
Assume that the large volume means higher than 1% of its marketcap amount. And adding ANGN (An-Na-Gan-Ni?, means "are you still there? in Korean")
line for upgrade version of On Balance Volume (OBV).
OBV is very good...
Hi forks,
I'm trader Baekdoosan who trading Equity from South Korea. This Baekdoo baseline will give you the idea of big whale's approximate average price. The idea behind this indicator is to combine volume and price. Here's one of the equation.
...
HT4=highest(volume, 250)
NewH4=valuewhen(volume>HT4 , (open+close+low+high+close)/5, 1)
result4=ema(NewH4,...
I just read Ehler's article (Stocks & Commodities V. 39:10 (20–23): Cycle/Trend Analytics And The MAD Indicator) and decided to modify his original idea a bit by taking the volume into account. Ehlers' "MAD indicator" compares two averages of different lengths, but this script compares two different averages (SMA and New WMA, weighted by volume) with the same...
![ETHUSD: Auto Price Action - Volume Price and Spread [Mehrok]](https://s3.tradingview.com/z/zZ8q4mvb_mid.png "Auto Price Action - Volume Price and Spread [Mehrok]")
