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aiTrendview.com Volume Pressure Analysis - Live Data
aiTrendview.com Volume Pressure Analysis – Detailed Guide
This indicator provides live, advanced volume pressure analytics directly on your TradingView chart. It visually gauges the balance between buy and sell volume, the pace and quality of current trading activity, and contextualizes intra-day action with customizable visuals and alerts.
Detailed Description & Segment Advantages
1. Inputs & Configuration
• Volume Average Days: Choose the period (default 20 days) for average volume calculation.
Advantage: Adapts to different trading styles (short-term vs. long-term).
• Show Volume Info: Toggles the display of detailed volume statistics.
Advantage: Enables a focused or minimalist interface as preferred.
• Pie Chart Settings: Set chart size (small to extra large) and on-screen position (top-left, bottom-right, etc.).
Advantage: Ensures the indicator does not obscure price data, usable on all device screens.
• Colors: Customize buy/sell/neutral colors, background, and text.
Advantage: Boosts readability; fits any chart theme.
• Advanced Settings:
o Update Frequency: 'Real-time' or 'On Bar Close' for performance tradeoff.
o Show Percentages: Toggle display of numerical percentages.
o Show Volume Pace: Show/hide intra-session volume progress.
o Animated Updates: Smoother visual transitions.
Advantage: Balances smoothness, information density, and system performance.
2. Volume Calculations
• Today's Volume & Average Volume:
Shows both today’s and the average daily volume (in millions).
Advantage: Lets you instantly spot unusual trading activity.
• Percent of Average Volume:
Today’s volume as a percentage of average.
Advantage: Quickly reveals if the current session is calm or unusually active—a key clue for breakouts or reversals.
3. Volume Pace Calculation
• Volume Pace:
Estimates if today’s volume is “On Pace”, “Above Pace”, or “Below Pace” for this time of day.
Advantage: Useful for real-time traders to catch surges before they’re visible in price.
4. Volume Pressure Calculation
• Buy/Sell Pressure:
Quantifies and color-codes the percentage of buy vs. sell-side volume.
If the session range is zero, values default to neutral (50/50).
Advantage: Shows whether buyers or sellers dominate the current candle in real-time.
• Market Bias & Strength Assessment:
Displays whether the market is bullish, bearish, or neutral, and if that pressure is weak, moderate, strong, or very strong.
Advantage: Quickly identifies high-conviction market phases versus indecision.
5. Dynamic Pie Chart & Table
• Pie Chart Representation:
Uses Unicode/block characters for visual bar or pie-style display; colors match pressure side.
Advantage: At-a-glance reading of trading pressure—no number crunching needed.
• Pressure, Volume, and Pace Together:
Table rows summarize everything: buy/sell pressure, market bias, data strength, daily/average volume, volume percent, and intra-day pace.
Advantage: Traders get a compact “control center” for all major volume signals.
6. Visual Enhancements
• Background Color Hints:
Chart background shifts green or red during dominant buy/sell phases.
Advantage: Immediate, non-disruptive clue to market mood.
7. Alerts
• Alerts fire when buy/sell pressure exceeds or crosses thresholds, or if volume pace significantly deviates up or down.
Advantage: Set-and-forget—receive notifications for sudden actionable changes even if you’re off-screen.
How is this Useful for Traders?
• Confirms Trend Strength: Use volume pace and pressure to validate (or doubt) breakout strength.
• Spots Early Reversals: Watch for sudden flips in buy/sell dominance ahead of price moves.
• Avoids Low-Conviction Trades: If volume is low or bias is weak, stand aside or size down.
• Adapts to Any Timeframe: Works intraday and on daily/weekly charts.
• Minimizes Analysis Time: Integrated pie chart and table means less time spent scanning multiple indicators.
Step-by-Step Instructions for New Traders
1. Add the Indicator to Your Chart
• Open TradingView, access the Pine Script editor, and paste the indicator code.
• Save and add it to your favorite symbol’s chart.
2. Configure for Your Needs
• Set Volume Average Days (e.g., 20 for swing trading, lower for day trading).
• Use settings to move or resize the indicator to avoid chart overlap.
• Adjust color options to match your chart theme for best clarity.
3. Read the Market at a Glance
• Buy/Sell Bars: More green means buyers are in control, more red means sellers dominate.
• Market Bias: Strong colors and words (BULLISH, BEARISH, NEUTRAL) tell you where pressure is headed and its conviction.
• Volume Data: High “Vol % of Avg” means strong participation; low suggests possible false moves.
4. Respond to Alerts
• Turn on TradingView alerts for sudden volume or pressure swings.
• Use these as heads-up for potential entries, exits, or to tighten stops.
5. Interpret “Volume Pace” (For Intraday Action)
• Above Pace: Session volume is building faster than normal—moves may have follow-through.
• Below Pace: Market is sluggish—be wary of breakouts or breakdowns.
6. Make Informed Trade Decisions
• Consider Long: When pressure is bullish, strength is “Strong” or higher, and volume % is above 100%.
• Consider Short: When pressure is bearish, strength is high, and above-average sell volume appears.
• Avoid/Wait: If indicator says “NEUTRAL” or volume pace/pressure is weak.
Table Example
Segment What it Shows How to Use for Trading
🟢 BUY 80% ████████ Buyers have 80% volume control Favor long/buy trades
🔴 SELL 20% ██ Sellers only 20% pressure Exit short positions, avoid shorts
Market Bias: BULLISH Market preference Trade with the bias
Strength: Strong Confidence of the move Consider larger position
Volume: 2.5M / 1.8M Today’s vs. average volume High = valid move, Low = caution
Vol % of Avg: 138% Participation above average Confirms trend reliability
Pace: +15% (Above) Intraday pace above norm Moves may extend further
Tips for Success
• Use as a confirmation tool alongside price action and trend indicators.
• Don’t rely solely on volume pressure—look for confluence.
• Start on higher timeframes to learn normal volume behavior, then move to lower ones.
• Review indicator signals after market close for learning and confidence building.
This indicator transforms raw volume into actionable insights, making a complex concept approachable and practical for new and experienced traders.
This indicator provides live, advanced volume pressure analytics directly on your TradingView chart. It visually gauges the balance between buy and sell volume, the pace and quality of current trading activity, and contextualizes intra-day action with customizable visuals and alerts.
Detailed Description & Segment Advantages
1. Inputs & Configuration
• Volume Average Days: Choose the period (default 20 days) for average volume calculation.
Advantage: Adapts to different trading styles (short-term vs. long-term).
• Show Volume Info: Toggles the display of detailed volume statistics.
Advantage: Enables a focused or minimalist interface as preferred.
• Pie Chart Settings: Set chart size (small to extra large) and on-screen position (top-left, bottom-right, etc.).
Advantage: Ensures the indicator does not obscure price data, usable on all device screens.
• Colors: Customize buy/sell/neutral colors, background, and text.
Advantage: Boosts readability; fits any chart theme.
• Advanced Settings:
o Update Frequency: 'Real-time' or 'On Bar Close' for performance tradeoff.
o Show Percentages: Toggle display of numerical percentages.
o Show Volume Pace: Show/hide intra-session volume progress.
o Animated Updates: Smoother visual transitions.
Advantage: Balances smoothness, information density, and system performance.
2. Volume Calculations
• Today's Volume & Average Volume:
Shows both today’s and the average daily volume (in millions).
Advantage: Lets you instantly spot unusual trading activity.
• Percent of Average Volume:
Today’s volume as a percentage of average.
Advantage: Quickly reveals if the current session is calm or unusually active—a key clue for breakouts or reversals.
3. Volume Pace Calculation
• Volume Pace:
Estimates if today’s volume is “On Pace”, “Above Pace”, or “Below Pace” for this time of day.
Advantage: Useful for real-time traders to catch surges before they’re visible in price.
4. Volume Pressure Calculation
• Buy/Sell Pressure:
Quantifies and color-codes the percentage of buy vs. sell-side volume.
If the session range is zero, values default to neutral (50/50).
Advantage: Shows whether buyers or sellers dominate the current candle in real-time.
• Market Bias & Strength Assessment:
Displays whether the market is bullish, bearish, or neutral, and if that pressure is weak, moderate, strong, or very strong.
Advantage: Quickly identifies high-conviction market phases versus indecision.
5. Dynamic Pie Chart & Table
• Pie Chart Representation:
Uses Unicode/block characters for visual bar or pie-style display; colors match pressure side.
Advantage: At-a-glance reading of trading pressure—no number crunching needed.
• Pressure, Volume, and Pace Together:
Table rows summarize everything: buy/sell pressure, market bias, data strength, daily/average volume, volume percent, and intra-day pace.
Advantage: Traders get a compact “control center” for all major volume signals.
6. Visual Enhancements
• Background Color Hints:
Chart background shifts green or red during dominant buy/sell phases.
Advantage: Immediate, non-disruptive clue to market mood.
7. Alerts
• Alerts fire when buy/sell pressure exceeds or crosses thresholds, or if volume pace significantly deviates up or down.
Advantage: Set-and-forget—receive notifications for sudden actionable changes even if you’re off-screen.
How is this Useful for Traders?
• Confirms Trend Strength: Use volume pace and pressure to validate (or doubt) breakout strength.
• Spots Early Reversals: Watch for sudden flips in buy/sell dominance ahead of price moves.
• Avoids Low-Conviction Trades: If volume is low or bias is weak, stand aside or size down.
• Adapts to Any Timeframe: Works intraday and on daily/weekly charts.
• Minimizes Analysis Time: Integrated pie chart and table means less time spent scanning multiple indicators.
Step-by-Step Instructions for New Traders
1. Add the Indicator to Your Chart
• Open TradingView, access the Pine Script editor, and paste the indicator code.
• Save and add it to your favorite symbol’s chart.
2. Configure for Your Needs
• Set Volume Average Days (e.g., 20 for swing trading, lower for day trading).
• Use settings to move or resize the indicator to avoid chart overlap.
• Adjust color options to match your chart theme for best clarity.
3. Read the Market at a Glance
• Buy/Sell Bars: More green means buyers are in control, more red means sellers dominate.
• Market Bias: Strong colors and words (BULLISH, BEARISH, NEUTRAL) tell you where pressure is headed and its conviction.
• Volume Data: High “Vol % of Avg” means strong participation; low suggests possible false moves.
4. Respond to Alerts
• Turn on TradingView alerts for sudden volume or pressure swings.
• Use these as heads-up for potential entries, exits, or to tighten stops.
5. Interpret “Volume Pace” (For Intraday Action)
• Above Pace: Session volume is building faster than normal—moves may have follow-through.
• Below Pace: Market is sluggish—be wary of breakouts or breakdowns.
6. Make Informed Trade Decisions
• Consider Long: When pressure is bullish, strength is “Strong” or higher, and volume % is above 100%.
• Consider Short: When pressure is bearish, strength is high, and above-average sell volume appears.
• Avoid/Wait: If indicator says “NEUTRAL” or volume pace/pressure is weak.
Table Example
Segment What it Shows How to Use for Trading
🟢 BUY 80% ████████ Buyers have 80% volume control Favor long/buy trades
🔴 SELL 20% ██ Sellers only 20% pressure Exit short positions, avoid shorts
Market Bias: BULLISH Market preference Trade with the bias
Strength: Strong Confidence of the move Consider larger position
Volume: 2.5M / 1.8M Today’s vs. average volume High = valid move, Low = caution
Vol % of Avg: 138% Participation above average Confirms trend reliability
Pace: +15% (Above) Intraday pace above norm Moves may extend further
Tips for Success
• Use as a confirmation tool alongside price action and trend indicators.
• Don’t rely solely on volume pressure—look for confluence.
• Start on higher timeframes to learn normal volume behavior, then move to lower ones.
• Review indicator signals after market close for learning and confidence building.
This indicator transforms raw volume into actionable insights, making a complex concept approachable and practical for new and experienced traders.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.