v1.0 NOTE: The maths have been tested only for BTC and weekly time frame. This is a concept that I came through after long long hours of VWAP trading and scalping. The idea is pretty simple: 1) Typical Price is calculated by (h+l+c) / 3. If we take this price and adjust it to volume we get the VWAP value. The difference between this value and the close value, i...
The Pressure Volume script is a technical indicator that is used to identify buying and selling pressure in a market based on changes in volume. The indicator calculates the average volume over a specified lookback period and then calculates the percentage change in volume for each bar. If the percentage change in volume exceeds a user-defined threshold, then the...
The VWAP ROC Weighted Average indicator combines the concepts of Volume Weighted Average Price (VWAP) and Rate of Change (ROC) to create a unique and versatile tool for traders. The indicator calculates the average VWAP and average ROC over a specified period (default: 200 bars) and then creates a weighted average of these two values. This provides a single line...
Linear Regression Volume Profile plots the volume profile fixated on the linear regression of the lookback period rather than statically across y = 0. This helps identify potential support and resistance inside of the price channel. Settings Linear Regression Linear Regression Source: the price source in which to sample when calculating the linear...
This script is designed to identify and display the Weis Wave Volume on a chart. The Weis Wave Volume is a volume-based indicator that helps traders analyze market waves, identify trend reversals, and assess the strength of a trend. The script calculates wave volume based on user-defined input parameters, detects price waves, and displays the results as labels on...
"He who does not know how to make predictions and makes light of his opponents, underestimating his ability, will certainly be defeated by them." (Sun Tzu - The Art of War) ▮ Introduction The Stochastic Momentum Index (SMI) is a technical analysis indicator that uses the difference between the current closing price and the high or low price over a specific time...
Some Brokers like Forex.com don't show Volume for FX. This indicator allows user to import Volume from a range of FX brokers that DO show volume -Combine the reported volumes from all five brokers: FXCM, GLOBALPRIME, PEPPERSTONE, Currency.com, OANDA. Or pick a specific broker to import volume from. -Image above shows combined Volume from the big 5 brokers, with...
This Script is based in the 2020 @Plumptoiletduck script Special thanks to @tartigradia for the Auto Detect code for the Binance pair. It tells us the difference in price between Spot and Perpetual Futures. Now I incorporated the function that automatically detects the pair we are in to show the premium/discount of that pair. You never need to select the...
The VWAP ( Volume Weighted Average Price ) Deviation script is a powerful tool designed for traders to analyze the relationship between price and volume . By calculating deviations around the VWAP , the script allows users to identify key support and resistance levels that can help in making better-informed trading decisions. The script calculates VWAP based on...
Volume profile is useful tool to understand the demand and supply zones on horizontal level. But, what if you want to measure the volume levels over trend line? In trending markets, the feature to measure volume over angled levels can be very useful for traders who use these measures. Here is an attempt to provide such tool. 🎲 How to use 🎯 Interactive input...
Displays the current and previous days' VWAP. A useful tool for intraday VWAP traders or to optimize longer term entries or exits. Features: Shows levels exceeding the average deviation for the time of day as either warm or cool gradients. Custom alerts including "Closing In Range" which uses the ATR to determine if the closing value in in the vicinity of...
This indicator draws a volume profile by utilizing data from the lower timeframe to get a more accurate representation of where volume occurred on a bar to bar basis. The indicator creates a price range, and then splits that price range into 100 grids by default. The indicator then drops down to the lower timeframe, approximately 16 times lower than the current...
Volume-weighted closing range of each bar. Closing range is (high - close) relative to the length of the wick (high - low). A close at the top of the wick would be 100%, middle 50%, bottom 0%. This is then multiplied by volume to weight towards high volume bars. A moving average is applied to visualize trend in volume-weighted closing range over time. Options...
General Description and Unique Features of this Script Introducing the VWAP Momentum-Pullback Strategy (long-only) that offers several unique features: 1. Our script/strategy utilizes Mark Minervini's Trend-Template as a qualifier for identifying stocks and other financial securities in confirmed uptrends. NOTE: In this basic version of the script, the...
The Extended Price Volume Trend (EPVT) is a technical indicator that is used to identify potential trend changes and measure the strength of a trend. In this strategy, we combine the EPVT with other indicators to create a trading system that aims to capture trend reversals and momentum shifts. The EPVT indicator is calculated by taking the cumulative volume and...
The indicator is designed to identify specific patterns in price and volume movements that can signal potential trading opportunities. It does this by calculating several conditions based on the current bar's price and volume movements. The code defines five conditions: Narrow Spread Up Bar, Wide Spread Down Bar, No Demand Bar, No Selling Bar, and Churning. These...
The Interactive Range Analysis script is an essential tool for analyzing price ranges. It automatically draws important range levels, generates a Volume Profile or Open Interest profile and horizontal/vertical heatmaps, plots the anchored VWAP, draws Fibonacci levels, and much more. How to use the indicator: 1. The script will prompt you to select the "Start...
This script will count the bars back since the last time the current bar indicator value was either this low or this high. It will provide the time in either, seconds, minutes, hours, days, weeks, months, or years. please note: There are currently no alerts setup for this script. the length options only apply to the sources that have the "(MA)" in their...