A stochastic version of my momentum channel volume filter The "Stochastic Momentum" indicator combines the concepts of Stochastic and Bollinger Bands to provide insights into price momentum and potential trend reversals. It can be used to identify overbought and oversold conditions, as well as potential bullish and bearish signals. The indicator calculates a...
With this indicator, the VWAP is displayed based on two adjustable sources. Close and Open are recommended by default. The zone between the Open and Close VWAP is carried over to the next day as the zone at the end of the period. The zones can be considered as support and resistance zones. The chart illustrates the idea behind it. In addition, the anchor...
Hi Traders ! Just finished my Y2 university finals exams, and thought I would cook up a quick and hopefully useful script. VWAP + Session Average Lines : Volatility Weighted Average Price in the standard case is a trading indicator that measures the average trading price for the user defined period, usually a standard session (D timeframe), & is used by...
Trendline Pivots The Trend Line Pivot Indicator works by automatically drawing and recognizing downward trendlines originating from and connecting pivot highs or upward trendlines originating from and connecting pivot lows. These trendlines serve as reference points of potential resistance and support within the market. Once identified, the trend line will...
Daytrading For Success's volume indicator with timeframe input selection added. Example shown is 1 minute time frame with 5 minute input selected.
Introducing "Volume Profile Bar-Magnified Order Blocks", an innovative and unique trading indicator designed to provide traders with a comprehensive understanding of market dynamics. This tool takes the concept of identifying order blocks on your chart and elevates it by integrating a detailed volume profile within each order block zone. Unlike standard order...
The Volume Accumulation Oscillator (VAO) is a powerful momentum-based indicator designed to assess the strength of volume accumulation in a given asset. It helps traders identify periods of intense buying or selling pressure and potential trend reversals. The VAO calculates the Net Volume Accumulation (NVA) by considering the volume, open, close, high, and low...
Introducing the Order Block Scanner: Unleash the Power of Institutional Insight! Unlock a whole new realm of trading opportunities with the Order Block Scanner, your ultimate weapon in the dynamic world of financial markets. This cutting-edge indicator is meticulously designed to empower you with invaluable insights into potential Institutional and Hedge Funds...
Volume Spread Analysis (VSA) is a methodology used in trading and investing to analyze the relationship between volume, price spread, and price movement in financial markets. It was developed by Richard Wyckoff, a prominent trader and market observer. The core principle of VSA is that changes in volume can provide insights into the strength or weakness of price...
This Pine Script is a simplified trading algorithm designed to detect and signal potential buying and selling points based on the WaveTrend Oscillator and the volume traded. Inputs and Setup: The script initiates by defining key parameters: 'Wave Channel Length' (n1) set at 9 and 'Wave Average Length' (n2) set at 12. It also establishes a 'Volume Multiplier' (set...
Highlights candlestick based on volume data. Indicator looks back and analyzing volume to find the volume bar with the largest numerical value Indicator highlights the corresponding candlestick . Indicator marks the high and low of that candlestick. Users can adjust lookback period. Default is set to 50 . Users can adjust how the indicator plots the high and...
It is an indicator that displays the trading volume. Red-colored candle bars indicate a decrease in trading volume. Green-colored candle bars indicate an increase in trading volume. The transparent yellow cloud above the volume bars represents the 21-bar moving average volume, which shows the average volume over the specified period. (You can change the number...
Hi TV Community, Greetings to you. This is a script that may be of use to intra-day traders. Knowing how much volume is getting traded and in which direction can help with decision-making in trading - especially when trading Futures. So, this script, displays volume, number of candles and trades on intra-day time-frames. FUTURES CHART NOTE: The instrument...
Originally Markos Katsanos' indicator that LazyBear made popular here on TW. Now updated to Pine Script version 5, which makes multi-timeframe charting easier. The initial Katsanos' idea for the indicator is the following: "The VFI is based on the popular On Balance Volume (OBV) but with three very important modifications: Unlike the OBV, indicator values are...
The Triangle pattern Triangle chart patterns are one of the most resourceful and practically advanced templates in technical analysis. These charts are the underpinnings of a well-calculated move when it comes to the assessment of risk and reward ratios. The pattern is often represented by drawing trendlines along an intersecting price scale, which...
The Swing Volume Profiles indicator aims to calculate and highlight trading activity at specific price levels between two swing points; allowing traders to reveal dominant and/or significant price levels based on volume. By measuring traded volume at all price levels in the market over a specified time period, the script can also be used to detect some key...
The Custom VWAP EMA (Volume-Weighted Average Price Exponential Moving Average) indicator is a powerful tool developed by Vedic Trading to provide traders with valuable insights into market trends and potential reversals. This indicator combines two key elements: the VWAP and the 37 EMA, along with a color-changing feature, to enhance trading decisions. The VWAP...
Enhancing Trading Performance with T3 JMA KAMA VWMA Indicator Introduction In the dynamic world of trading, staying ahead of market trends and capitalizing on volume-driven opportunities can greatly influence trading performance. To address this, we have developed the T3 JMA KAMA VWMA Indicator, an innovative tool that modifies the traditional Volume Weighted...