This is a volume spread analysis/ breadth type indicator. Compares average bar size to the average volume. Looks for small bar and high volume.
PA Trading v1 will basically help you find the weekly and monthly strong support resistance points by automatically drawing lines for Daily opening, monday high and low, Weekly opening, Monthly opening, Last week's opening and last month's opening points on the chart.
This script shows Pocket Pivots, up-days with higher volume than the last 9 down-days, directly on the chart below current and historic candles. Pocket pivots can be used to find early entry points within a base since it marks institutional buying. Pocket pivots are marked as black dots below the candle for easier identification. The script is largely based on...
Hello All, Relative Volume is one of the most important indicators and Traders should check it while trading/analyzing. it is used to identify whether the volume flows are increasing or decreasing. Relative volume measures current volume in relation to the “usual” volume for this time of the day. What is considered “usual"? For that, we have to use a...
This indicator returns VWAP bands with a degree of smoothness resetting based on various user-selected events. The bands are constructed using a VWAP based naive standard deviation. The indicator can be anchored or start from the first bar and can be used as trailing support/resistance, in a moving average crossover system, or as source for external indicators. ...
This simple indicator unifies the volumes of multiple exchanges/brokers. The idea of this indicator stems from the need to monitor the movements made by whales on other markets that can actually influence the price (manipulations, arbitrage, etc.). Basically, we can: * choose the number and symbols * choose with which algorithm to merge the volumes (sum, average,...
SOPR stand for Spent Output Profit Ratio. It’s a Bitcoin on-chain metric that shows whether Bitcoin spent outputs (UTXO’s) are being realized in profit or loss. It’s calculated by dividing realized value by the value at creation (price sold / price paid). The SOPR metric traditionally uses a baseline of 1 instead of 0. For the purposes of the script, I've...
INTRODUCTION Volume always plays a role of key indication for price movements and momentum and I always found the same problem with all available volume oscillators and indicators which is that their data is always in compounded form that can’t be easily used in raw form as a parameter in many strategies. This indicator uses raw volume data from one of following...
INTRODUCTION This indicator is inspired from " HPotter’s TFS: Volume Oscillator " but I have used Heiken Ashi and Hull Moving Average in calculations in order to reduce noise for better trades. The concept is similar to that of On-Balance Volume indicator (OBV). It is calculated according to these rules: If Heiken Ashi Close > Heiken Ashi Open, Volume is...
This indicator takes the volume from the biggest exchanges and plots the average volume. Exchanges incorporated in this average include Bitfinex, Coinbase, Bitstamp, Bitmex, Kraken, Binance, Bithumb, Flyer, OkEx, and CEX. The chart also has two Exponential Moving Averages (9-candle EMA & 21-candle EMA) added onto the volume pane to better understand relative...
Hello Traders, I hope you're all doing well and enjoying your holiday! Today I am releasing a Relative Volume and Price Volume Trend indicator that will help traders assess current price action based on its volume and trend. Volume is one of the most important aspects of trading that is often overlooked by new traders. Generally, when the volume is higher than...
Detailed Volume chart Inspired by UV Added an option (enabled by default) to show the actual volume in the filler bar. As opposed to showing just the difference of Buy/Sell volume (that is used in UV) Also there is a Simple Moving Average for volumes
This simple script provides a way of calculating position size on a bar by bar basis for a fixed risk amount. If you are trading a fixed risk amount (e.g. $100) per trade and your Entry and Stop is defined by a specific bar on the chart (any resolution e.g. 15 min, 5 min, 2 min etc) then this indicator will show you the position size you can take. The user...
INTRODUCTION This indicator is inspired from "Vitali Apirine (Stocks & Commodities V.36:5: Adaptive Moving Averages)" but I have used Volume filtering to in order to adapt trends more precisely for better trades. Volume adaption makes it better for adaptive moving average to detect trend health; making it easier to make decisions based on market strong...
The volume-weighted, exponential running mean is computed. It is shown as the thick line. The plus-minus one standard deviation band is also shown with two thinner lines. In contrast to other RAs, it is the trading volumes that are being processed here instead of the price itself. For the averaging, the weight of the present relative to the past can be chosen...
Introduction This indicator has the purpose of setting levels, automatically, basing its creation on three aspects of the market: - price action - volume - volatility Price Action Algorithm I divided the candle into 3 parts: - body => abs (close-open) - lower tail => red candle (close-low) green candle (open-low) - upper tail => red candle (high-open) green...
A simple experiment that mixes volume and Donchian's algorithm. In this version I have implemented a more elegant version of the formula, using the VWMA function instead of spelling out the steps. I have kept both formulas for educational purposes. I also plot an Alma Moving Average, how you can see a 16 periods Volume Based Donchian is pretty similar to a 80...
To make emotions obsolete in trading/investing, traders must able to understand the overall trend and disregard with the short term fluctuations of the green and red candles formation. Generally, the moving averages identify the trend, while the MACD-Histogram and Volume measures momentum. As a result, the Impulse System combines trend following and momentum to...