Open Interest Profile (OI)- By LeviathanThis script implements the concept of Open Interest Profile, which can help you analyze the activity of traders and identify the price levels where they are opening/closing their positions. This data can serve as a confluence for finding the areas of support and resistance , targets and placing stop losses. OI profiles can be viewed in the ranges of days, weeks, months, Tokyo sessions, London sessions and New York sessions.
A short introduction to Open Interest
Open Interest is a metric that measures the total amount of open derivatives contracts in a specific market at a given time. A valid contract is formed by both a buyer who opens a long position and a seller who opens a short position. This means that OI represents the total value of all open longs and all open shorts, divided by two. For example, if Open Interest is showing a value of $1B, it means that there is $1B worth of long and $1B worth of short contracts currently open/unsettled in a given market.
OI increasing = new long and short contracts are entering the market
OI decreasing = long and short contracts are exiting the market
OI unchanged = the net amount of positions remains the same (no new entries/exits or just a transfer of contracts occurring)
About this indicator
*This script is basically a modified version of my previous "Market Sessions and Volume Profile by @LeviathanCapital" indicator but this time, profiles are generated from Tradingview Open Interest data instead of volume (+ some other changes).
The usual representation of OI shows Open Interest value and its change based on time (for a particular day, time frame or each given candle). This indicator takes the data and plots it in a way where you can see the OI activity (change in OI) based on price levels. To put it simply, instead of observing WHEN (time) positions are entering/exiting the market, you can now see WHERE (price) positions are entering/exiting the market. This is the same concept as when it comes to Volume and Volume profile and therefore, similar strategies and ways of understanding the given data can be applied here. You can even combine the two to gain an edge (eg. high OI increase + Volume Profile showing dominant market selling = possible aggressive shorts taking place)
Green nodes = OI increase
Red nodes = OI decrease
A cluster of large green nodes can be used for support and resistance levels (*trapped traders theory) or targets (lots of liquidations and stop losses above/below), OI Profile gaps can present an objective for the price to fill them (liquidity gaps, imbalances, inefficiencies, etc), and more.
Indicator settings
1. Session/Lookback - Choose the range from where the OI Profile will be generated
2. OI Profile Mode - Mode 1 (shows only OI increase), Mode 2 (shows both OI increase and decrease), Mode 3 (shows OI decrease on left side and OI increase on the right side).
3. Show OI Value Area - Shows the area where most OI activity took place (useful as a range or S/R level )
4. Show Session Box - Shows the box around chosen sessions/lookback
5. Show Profile - Show/hide OI Profile
6. Show Current Session - Show/hide the ongoing session
7. Show Session Labels - Show/hide the text labels for each session
8. Resolution - The higher the value, the more refined a profile is, but fewer profiles are shown on the chart
9. OI Value Area % - Choose the percentage of VA (same as in Volume Profile's VA)
10. Smooth OI Data - Useful for assets that have very large spikes in OI over large bars, helps create better profiles
11. OI Increase - Pick the color of OI increase nodes in the profile
12. OI Decrease - Pick the color of OI decrease nodes in the profile
13. Value Area Box - Pick the color of the Value Area Box
14. Session Box Thickness - Pick the thickness of the lines surrounding the chosen sessions
Advice
The indicator calculates the profile based on candles - the more candles you can show, the better profile will be formed. This means that it's best to view most sessions on timeframes like 15min or lower. The only exception is the Monthly profile, where timeframes above 15min should be used. Just take a few minutes and switch between timeframes and sessions and you will figure out the optimal settings.
This is the first version of Open Interest Profile script so please understand that it will be improved in future updates.
Thank you for your support.
** Some profile generation elements are inspired by @LonesomeTheBlue's volume profile script
Cari dalam skrip untuk "imbalance"
Breadth - Advance Decline ThrustBreadth indicator. Takes NYSE/NQ/US up volume and divides it by the total volume to get an advance decline thrust ratio which can be used as a measure of market breadth.
Also has the option to look at the cumulative breadth over the trailing x days.
Also has the option to display as cumulative net up volume which will show lower values than advance decline thrust on days where there were large buy/sell imbalances, but the total day's volume was low.
Bodies X Wix Version of Smart Money Tools by makuchaku & eFeThis is the same Script as Super Fair Value Gaps / FVG /BoS / by makuchaku & eFe. Mine Should Default to Large Text instead of small. The Super Order Blocks I believe was meant to for you to find one of the many Smart Money tools such as turn on the Fair Value gap but leave the others off, or Turn on where the Break of Structure and leave the others off. The reason I believe this is because the default values for each of the structures were default colored (green for positive and red for negative) for all.
Mine has a different Color for every possible structure. As long as you can read with the larger text that I added, then you can create your own boxes positive for break of structure, rejection block, order blocks and fair value gaps for any time frame. The reason I did that is because There's only certain things I believe I will need to mark for myself in each time frame, and then from there You can stretch iyour own box out further in time because if price touches a fair value gap for example, the fair value gap should conyinue in time until at least 2 candles have filed the Fair valu gap going both directions. That's truly when the fair value gap should is mitigated and will from off the chart. However, If I knew How to add the code for that, I would.
Additionally, I have the Max Boxes per chart, so you should have the ability to see every OB, FVG,RJB, & BoS on the chart
I tried my hardest to create a colored border that was different from the box. But the way the original was coded was almost impossible to do. Because they defined each of the structures (FVG, OB, BoS, RJB) outer levels, when the outer levels connect via math in the code, then it joins all the outside lines for a rectangle. When creating a box, the coloe will always be the same as the border unfortunately. (Unless I replan this from the beginning)
I also Changed the default labels for reach structure from a hard to read gray to a white that pops out.
Also, chart indicators are a little large as well. Such as the cross, sideways cross, The green Triangle, and the white Diamond. You'll get used to it or you can change it as well.
Creating videos for students, you need something they can see.
So, I just wanted to ensure everything was a little more unique and easily usable when showing this to my students when I send them private videos for our weekly lessons. I'm trying to learn how to use the IPFS for THAT, (which i see has invaded PineScript) Hope this indicator helps.
If you're to borrow this, Just make sure you keep the authors in the name makuchaku & efe
ICT IPDA Look BackThis script automatically calculates and updates ICT's daily IPDA look back time intervals and their respective discount / equilibrium / premium, so you don't have to :)
IPDA stands for Interbank Price Delivery Algorithm. Said algorithm appears to be referencing the past 20, 40, and 60 days intervals as points of reference to define ranges and related PD arrays.
Intraday traders can find most value in the 20 Day Look Back box, by observing imbalances and points of interest.
Longer term traders can reference the 40 and 60 Day Look Back boxes for a clear indication of current market conditions.
Relative Volume at Time█ OVERVIEW
This indicator calculates relative volume, which is the ratio of present volume over an average of past volume.
It offers two calculation modes, both using a time reference as an anchor.
█ CONCEPTS
Calculation modes
The simplest way to calculate relative volume is by using the ratio of a bar's volume over a simple moving average of the last n volume values.
This indicator uses one of two, more subtle ways to calculate both values of the relative volume ratio: current volume:past volume .
The two calculations modes are:
1 — Cumulate from Beginning of TF to Current Bar where:
current volume = the cumulative volume since the beginning of the timeframe unit, and
past volume = the mean of volume during that same relative period of time in the past n timeframe units.
2 — Point-to-Point Bars at Same Offset from Beginning of TF where:
current volume = the volume on a single chart bar, and
past volume = the mean of volume values from that same relative bar in time from the past n timeframe units.
Timeframe units
Timeframe units can be defined in three different ways:
1 — Using Auto-steps, where the timeframe unit automatically adjusts to the timeframe used on the chart:
— A 1 min timeframe unit will be used on 1sec charts,
— 1H will be used for charts at 1min and less,
— 1D will be used for other intraday chart timeframes,
— 1W will be used for 1D charts,
— 1M will be used for charts at less than 1M,
— 1Y will be used for charts at greater or equal than 1M.
2 — As a fixed timeframe that you define.
3 — By time of day (for intraday chart timeframes only), which you also define. If you use non-intraday chart timeframes in this mode, the indicator will switch to Auto-steps.
Relative Relativity
A relative volume value of 1.0 indicates that current volume is equal to the mean of past volume , but how can we determine what constitutes a high relative volume value?
The traditional way is to settle for an arbitrary threshold, with 2.0 often used to indicate that relative volume is worthy of attention.
We wanted to provide traders with a contextual method of calculating threshold values, so in addition to the conventional fixed threshold value,
this indicator includes two methods of calculating a threshold channel on past relative volume values:
1 — Using the standard deviation of relative volume over a fixed lookback.
2 — Using the highs/lows of relative volume over a variable lookback.
Channels calculated on relative volume provide meta-relativity, if you will, as they are relative values of relative volume.
█ FEATURES
Controls in the "Display" section of inputs determine what is visible in the indicator's pane. The next "Settings" section is where you configure the parameters used in the calculations. The "Column Coloring Conditions" section controls the color of the columns, which you will see in three of the five display modes available. Whether columns are plotted or not, the coloring conditions also determine when markers appear, if you have chosen to show the markers in the "Display" section. The presence of markers is what triggers the alerts configured on this indicator. Finally, the "Colors" section of inputs allows you to control the color of the indicator's visual components.
Display
Five display modes are available:
• Current Volume Columns : shows columns of current volume , with past volume displayed as an outlined column.
• Relative Volume Columns : shows relative volume as a column.
• Relative Volume Columns With Average : shows relative volume as a column, with the average of relative volume.
• Directional Relative Volume Average : shows a line calculated using the average of +/- values of relative volume.
The positive value of relative volume is used on up bars; its negative value on down bars.
• Relative Volume Average : shows the average of relative volume.
A Hull moving average is used to calculate the average used in the three last display modes.
You can also control the display of:
• The value or relative volume, when in the first three display modes. Only the last 500 values will be shown.
• Timeframe transitions, shown in the background.
• A reminder of the active timeframe unit, which appears to the right of the indicator's last bar.
• The threshold used, which can be a fixed value or a channel, as determined in the next "Settings" section of inputs.
• Up/Down markers, which appear on transitions of the color of the volume columns (determined by coloring conditions), which in turn control when alerts are triggered.
• Conditions of high volatility.
Settings
Use this section of inputs to change:
• Calculation mode : this is where you select one of this indicator's two calculation modes for current volume and past volume , as explained in the "Concepts" section.
• Past Volume Lookback in TF units : the quantity of timeframe units used in the calculation of past volume .
• Define Timeframes Units Using : the mode used to determine what one timeframe unit is. Note that when using a fixed timeframe, it must be higher than the chart's timeframe.
Also, note that time of day timeframe units only work on intraday chart timeframes.
• Threshold Mode : Five different modes can be selected:
— Fixed Value : You can define the value using the "Fixed Threshold" field below. The default value is 2.0.
— Standard Deviation Channel From Fixed Lookback : This is a channel calculated using the simple moving average of relative volume
(so not the Hull moving average used elsewhere in the indicator), plus/minus the standard deviation multiplied by a user-defined factor.
The lookback used is the value of the "Channel Lookback" field. Its default is 100.
— High/Low Channel From Beginning of TF : in this mode, the High/Low values reset at the beginning of each timeframe unit.
— High/Low Channel From Beginning of Past Volume Lookback : in this mode, the High/Low values start from the farthest point back where we are calculating past volume ,
which is determined by the combination of timeframe units and the "Past Volume Lookback in TF units" value.
— High/Low Channel From Fixed Lookback : In this mode the lookback is fixed. You can define the value using the "Channel Lookback" field. The default value is 100.
• Period of RelVol Moving Average : the period of the Hull moving average used in the "Directional Relative Volume Average" and the "Relative Volume Average".
• High Volatility is defined using fast and slow ATR periods, so this represents the volatility of price.
Volatility is considered to be high when the fast ATR value is greater than its slow value. Volatility can be used as a filter in the column coloring conditions.
Column Coloring Conditions
• Eight different conditions can be turned on or off to determine the color of the volume columns. All "ON" conditions must be met to determine a high/low state of relative volume,
or, in the case of directional relative volume, a bull/bear state.
• A volatility state can also be used to filter the conditions.
• When the coloring conditions and the filter do not allow for a high/low state to be determined, the neutral color is used.
• Transitions of the color of the volume columns determined by coloring conditions are used to plot the up/down markers, which in turn control when alerts are triggered.
Colors
• You can define your own colors for all of the oscillator's plots.
• The default colors will perform well on light or dark chart backgrounds.
Alerts
• An alert can be defined for the script. The alert will trigger whenever an up/down marker appears in the indicator's display.
The particular combination of coloring conditions and the display settings for up/down markers when you create the alert will determine which conditions trigger the alert.
After alerts are created, subsequent changes to the conditions controlling the display of markers will not affect existing alerts.
• By configuring the script's inputs in different ways before you create your alerts, you can create multiple, functionally distinct alerts from this script.
When creating multiple alerts, it is useful to include in the alert's message a reminder of the particular conditions you used for each alert.
• As is usually the case, alerts triggering "Once Per Bar Close" will prevent repainting.
Error messages
Error messages will appear at the end of the chart upon the following conditions:
• When the combination of the timeframe units used and the "Past Volume Lookback in TF units" value create a lookback that is greater than 5000 bars.
The lookback will then be recalculated to a value such that a runtime error does not occur.
• If the chart's timeframe is higher than the timeframe units. This error cannot occur when using Auto-steps to calculate timeframe units.
• If relative volume cannot be calculated, for example, when no volume data is available for the chart's symbol.
• When the threshold of relative volume is configured to be visible but the indicator's scale does not allow it to be visible (in "Current Volume Columns" display mode).
█ NOTES
For traders
The chart shown here uses the following display modes: "Current Volume Columns", "Relative Volume Columns With Average", "Directional Relative Volume Average" and "Relative Volume Average". The last one also shows the threshold channel in standard deviation mode, and the TF Unit reminder to the right, in red.
Volume, like price, is a value with a market-dependent scale. The only valid reference for volume being its past values, any improvement in the way past volume is calculated thus represents a potential opportunity to traders. Relative volume calculated as it is here can help traders extract useful information from markets in many circumstances, markets with cyclical volume such as Forex being one, obvious case. The relative nature of the values calculated by this indicator also make it a natural fit for cross-market and cross-sector analysis, or to identify behavioral changes in the different futures contracts of the same market. Relative volume can also be put to more exotic uses, such as in evaluating changes in the popularity of exchanges.
Relative volume alone has no directional bias. While higher relative volume values always indicate higher trading activity, that activity does not necessarily translate into significant price movement. In a tightly fought battle between buyers and sellers, you could theoretically have very large volume for many bars, with no change whatsoever in bid/ask prices. This of course, is unlikely to happen in reality, and so traders are justified in considering high relative volume values as indicating periods where more attention is required, because imbalances in the strength of buying/selling power during high-volume trading periods can amplify price variations, providing traders with the generally useful gift of volatility.
Be sure to give the "Directional Relative Volume Average" a try. Contrary to the always-positive ratio widely used in this indicator, the "Directional Relative Volume Average" produces a value able to determine a bullish/bearish bias for relative volume.
Note that realtime bars must be complete for the relative volume value to be confirmed. Values calculated on historical or elapsed realtime bars will not recalculate unless historical volume data changes.
Finally, as with all indicators using volume information, keep in mind that some exchanges/brokers supply different feeds for intraday and daily data, and the volume data on both feeds can sometimes vary quite a bit.
For coders
Our script was written using the PineCoders Coding Conventions for Pine .
The description was formatted using the techniques explained in the How We Write and Format Script Descriptions PineCoders publication.
Bits and pieces of code were lifted from the MTF Selection Framework and the MTF Oscillator Framework , also by PineCoders.
█ THANKS
Thanks to dgtrd for suggesting to add the channel using standard deviation.
Thanks to adolgov for helpful suggestions on calculations and visuals.
Look first. Then leap.
VPCI MA cross [LM]Hello guys,
I would like to introduce you a script that combines two indicators: VPCI( volume price confirmation indicator) and donchian MAs
VPCI:
Fundamentally, the VPCI reveals the proportional imbalances between price trends and volume-adjusted price
trends. An uptrend with increasing volume is a market characterized by greed supported by the fuel needed to
grow. An uptrend without volume is complacent and reveals greed deprived of the fuel needed to sustain itself.
Investors without the influx of other investors ( volume ) will eventually lose interest and the uptrend should
eventually breakdown.
A falling price trend reveals a market driven by fear. A falling price trend without volume reveals apathy, fear
without increasing energy. Unlike greed, fear is self-sustaining, and may endure for long time periods without
increasing fuel or energy. Adding energy to fear can be likened to adding fuel to a fire and is generally bearish
until the VPCI reverses. In such cases, weak-minded investor's, overcome by fear, are becoming irrationally
fearful until the selling climax reaches a state of maximum homogeneity. At this point, ownership held by weak
investor’s has been purged, producing a type of heat death capitulation. These occurrences may be visualized by
the VPCI falling below the lower standard deviation of a Bollinger Band of the VPCI, and then rising above the
lower band, and forming a 'V' bottom.
I have used MA's on top of VPCI and looking for crosses. Percatage that is shown in label is calculation of difference between previous cross and current close price. So you know if you would be flipping what % you would gain or loose, all is rounded with precission of two
DONCHIAN
I took donchain calculation from ichimoku to calculate conversion line and base line(both are giving me information about whether it's trending or not and distance from the mean)
There are various sections in setting:
VPCI - setting of MA lengths(for smaller timeframes I recommend using bigger MA length)
DONCHAIN - setting length for conversion and base line
Any suggestions are welcome
Bar Balance [LucF]Bar Balance extracts the number of up, down and neutral intrabars contained in each chart bar, revealing information on the strength of price movement. It can display stacked columns representing raw up/down/neutral intrabar counts, or an up/down balance line which can be calculated and visualized in many different ways.
WARNING: This is an analysis tool that works on historical bars only. It does not show any realtime information, and thus cannot be used to issue alerts or for automated trading. When realtime bars elapse, the indicator will require a browser refresh, a change to its Inputs or to the chart's timeframe/symbol to recalculate and display information on those elapsed bars. Once a trader understands this, the indicator can be used advantageously to make discretionary trading decisions.
Traders used to work with my Delta Volume Columns Pro will feel right at home in this indicator's Inputs . It has lots of options, allowing it to be used in many different ways. If you value the bar balance information this indicator mines, I hope you will find the time required to master the use of Bar Balance well worth the investment.
█ OVERVIEW
The indicator has two modes: Columns and Line .
Columns
• In Columns mode you can display stacked Up/Down/Neutral columns.
• The "Up" section represents the count of intrabars where `close > open`, "Down" where `close < open` and "Neutral" where `close = open`.
• The Up section always appears above the centerline, the Down section below. The Neutral section overlaps the centerline, split halfway above and below it.
The Up and Down sections start where the Neutral section ends, when there is one.
• The Up and Down sections can be colored independently using 7 different methods.
• The signal line plotted in Line mode can also be displayed in Columns mode.
Line
• Displays a single balance line using a zero centerline.
• A variable number of independent methods can be used to calculate the line (6), determine its color (5), and color the fill (5).
You can thus evaluate the state of 3 different components with this single line.
• A "Divergence Levels" feature will use the line to automatically draw expanding levels on divergence events.
Features available in both modes
• The color of all components can be selected from 15 base colors, with 16 gradient levels used for each base color in the indicator's gradients.
• A zero line can show a 6-state aggregate value of the three main volume balance modes.
• The background can be colored using any of 5 different methods.
• Chart bars can be colored using 5 different methods.
• Divergence and large neutral count ratio events can be shown in either Columns or Line mode, calculated in one of 4 different methods.
• Markers on 6 different conditions can be displayed.
█ CONCEPTS
Intrabar inspection
Intrabar inspection means the indicator looks at lower timeframe bars ( intrabars ) making up a given chart bar to gather its information. If your chart is on a 1-hour timeframe and the intrabar resolution determined by the indicator is 5 minutes, then 12 intrabars will be analyzed for each chart bar and the count of up/down/neutral intrabars among those will be tallied.
Bar Balances and calculation methods
The indicator uses a variety of methods to evaluate bar balance and to derive other calculations from them:
1. Balance on Bar : Uses the relative importance of instant Up and Down counts on the bar.
2. Balance Averages : Uses the difference between the EMAs of Up and Down counts.
3. Balance Momentum : Starts by calculating, separately for both Up and Down counts, the difference between the same EMAs used in Balance Averages and an SMA of double the period used for the EMAs. These differences are then aggregated and finally, a bounded momentum of that aggregate is calculated using RSI.
4. Markers Bias : It sums the bull/bear occurrences of the four previous markers over a user-defined period (the default is 14).
5. Combined Balances : This is the aggregate of the instant bull/bear bias of the three main bar balances.
6. Dual Up/Down Averages : This is a display mode showing the EMA calculated for each of the Up and Down counts.
Interpretation of neutral intrabars
What do neutral intrabars mean? When price does not change during a bar, it can be because there is simply no interest in the market, or because of a perfect balance between buyers and sellers. The latter being more improbable, Bar Balance assumes that neutral bars reveal a lack of interest, which entails uncertainty. That is the reason why the option is provided to interpret ratios of neutral intrabars greater than 50% as divergences. It is also the rationale behind the option to dampen signal lines on the inverse ratio of neutral intrabars, so that zero intrabars do not affect the signal, and progressively larger proportions of neutral intrabars will reduce the signal's amplitude, as the balance calcs using the up/down counts lose significance. The impact of the dampening will vary with markets. Weaker markets such as cryptos will often contain greater numbers of neutral intrabars, so dampening the Line in that sector will have a greater impact than in more liquid markets.
█ FEATURES
1 — Columns
• While the size of the Up/Down columns always represents their respective importance on the bar, their coloring mode is independent. The default setup uses a standard coloring mode where the Up/Down columns over/under the zero line are always in the bull/bear color with a higher intensity for the winning side. Six other coloring modes allow you to pack more information in the columns. When choosing to color the top columns using a bull/bear gradient on Balance Averages, for example, you will end up with bull/bear colored tops. In order for the color of the bottom columns to continue to show the instant bar balance, you can then choose the "Up/Down Ratio on Bar — Dual Solid Colors" coloring mode to make those bars the color of the winning side for that bar.
• Line mode shows only the line, but Columns mode allows displaying the line along with it. If the scale of the line is different than that of the scale of the columns, the line will often appear flat. Traders may find even a flat line useful as its bull/bear colors will be easily distinguishable.
2 — Line
• The default setup for Line mode uses a calculation on "Balance Momentum", with a fill on the longer-term "Balance Averages" and a line color based on the "Markers Bias". With the background set on "Line vs Divergence Levels" and the zero line on the hard-coded "Combined Bar Balances", you have access to five distinct sources of information at a glance, to which you can add divergences, divergences levels and chart bar coloring. This provides powerful potential in displaying bar balance information.
• When no columns are displayed, Line mode can show the full scale of whichever line you choose to calculate because the columns' scale no longer interferes with the line's scale.
• Note that when "Balance on Bar" is selected, the Neutral count is also displayed as a ratio of the balance line. This is the only instance where the Neutral count is displayed in Line mode.
• The "Dual Up/Down Averages" is an exception as it displays two lines: one average for the Up counts and another for the Down counts. This mode will be most useful when Columns are also displayed, as it provides a reference for the top and bottom columns.
3 — Zero Line
The zero line can be colored using two methods, both based on the Combined Balances, i.e., the aggregate of the instant bull/bear bias of the three main bar balances.
• In "Six-state Dual Color Gradient" mode, a dot appears on every bar. Its color reflects the bull/bear state of the Combined Balances, and the dot's brightness reflects the tally of balance biases.
• In "Dual Solid Colors (All Bull/All Bear Only)" a dot only appears when all three balances are either bullish or bearish. The resulting pattern is identical to that of Marker 1.
4 — Divergences
• Divergences are displayed as a small circle at the top of the scale. Four different types of divergence events can be detected. Divergences occur whenever the bull/bear bias of the method used diverges with the bar's price direction.
• An option allows you to include in divergence events instances where the count of neutral intrabars exceeds 50% of the total intrabar count.
• The divergence levels are dynamic levels that automatically build from the line's values on divergence events. On consecutive divergences, the levels will expand, creating a channel. This implementation of the divergence levels corresponds to my view that divergences indicate anomalies, hesitations, points of uncertainty if you will. It excludes any association of a pre-determined bullish/bearish bias to divergences. Accordingly, the levels merely take note of divergence events and mark those points in time with levels. Traders then have a reference point from which they can evaluate further movement. The bull/bear/neutral colors used to plot the levels are also congruent with this view in that they are determined by price's position relative to the levels, which is how I think divergences can be put to the most effective use.
5 — Background
• The background can show a bull/bear gradient on four different calculations. You can adjust its brightness to make its visual importance proportional to how you use it in your analysis.
6 — Chart bars
• Chart bars can be colored using five different methods.
• You have the option of emptying the body of bars where volume does not increase, as does my TLD indicator, the idea behind this being that movement on bars where volume does not increase is less relevant.
7 — Intrabar Resolution
You can choose between three modes. Two of them are automatic and one is manual:
a) Fast, Longer history, Auto-Steps (~12 intrabars) : Optimized for speed and deeper history. Uses an average minimum of 12 intrabars.
b) More Precise, Shorter History Auto-Steps (~24 intrabars) : Uses finer intrabar resolution. It is slower and provides less history. Uses an average minimum of 24 intrabars.
c) Fixed : Uses the fixed resolution of your choice.
Auto-Steps calculations vary for 24/7 and conventional markets in order to achieve the proper target of minimum intrabars.
You can choose to view the intrabar resolution currently used to calculate delta volume. It is the default.
The proper selection of the intrabar resolution is important. It must achieve maximal granularity to produce precise results while not unduly slowing down calculations, or worse, causing runtime errors.
8 — Markers
Six markers are available:
1. Combined Balances Agreement : All three Bar Balances are either bullish or bearish.
2. Up or Down % Agrees With Bar : An up marker will appear when the percentage of up intrabars in an up chart bar is greater than the specified percentage. Conditions mirror to down bars.
3. Divergence confirmations By Price : One of the four types of balance calculations can be used to detect divergences with price. Confirmations occur when the bar following the divergence confirms the balance bias. Note that the divergence events used here do not include neutral intrabar events.
4. Balance Transitions : Bull/bear transitions of the selected balance.
5. Markers Bias Transitions : Bull/bear transitions of the Markers Bias.
6. Divergence Confirmations By Line : Marks points where the line first breaches a divergence level.
Markers appear when the condition is detected, without delay. Since nothing is plotted in realtime, markers do not appear on the realtime bar.
9 — Settings
• Two modes can be selected to dampen the line on the ratio of neutral intrabars.
• A distinct weight can be attributed to the count of the latter half of intrabars, on the assumption that later intrabars may be more important in determining the outcome of chart bars.
• Allows control over the periods of the different moving averages used in calculations.
• The default periods used for the various calculations define the following hierarchy from slow to fast:
Balance Averages: 50,
Balance Momentum: 20,
Dual Up/Down Averages: 20,
Marker Bias: 10.
█ LIMITATIONS
• This script uses a special characteristic of the `security()` function allowing the inspection of intrabars—which is not officially supported by TradingView.
• The method used does not work on the realtime bar—only on historical bars.
• The indicator only works on some chart resolutions: 3, 5, 10, 15 and 30 minutes, 1, 2, 4, 6, and 12 hours, 1 day, 1 week and 1 month. The script’s code can be modified to run on other resolutions, but chart resolutions must be divisible by the lower resolution used for intrabars and the stepping mechanism could require adaptation.
• When using the "Line vs Divergence Levels — Dual Color Gradient" color mode to fill the line, background or chart bars, keep in mind that a line calculation mode must be defined for it to work, as it determines gradients on the movement of the line relative to divergence levels. If the line is hidden, it will not work.
• When the difference between the chart’s resolution and the intrabar resolution is too great, runtime errors will occur. The Auto-Steps selection mechanisms should avoid this.
• Alerts do not work reliably when `security()` is used at intrabar resolutions. Accordingly, no alerts are configured in the indicator.
• The color model used in the indicator provides for fancy visuals that come at a price; when you change values in Inputs , it can take 20 seconds for the changes to materialize. Luckily, once your color setup is complete, the color model does not have a large performance impact, as in normal operation the `security()` calls will become the most important factor in determining response time. Also, once in a while a runtime error will occur when you change inputs. Just making another change will usually bring the indicator back up.
█ RAMBLINGS
Is this thing useful?
I'll let you decide. Bar Balance acts somewhat like an X-Ray on bars. The intrabars it analyzes are no secret; one can simply change the chart's resolution to see the same intrabars the indicator uses. What the indicator brings to traders is the precise count of up/down/neutral intrabars and, more importantly, the calculations it derives from them to present the information in a way that can make it easier to use in trading decisions.
How reliable is Bar Balance information?
By the same token that an up bar does not guarantee that more up bars will follow, future price movements cannot be inferred from the mere count of up/down/neutral intrabars. Price movement during any chart bar for which, let's say, 12 intrabars are analyzed, could be due to only one of those intrabars. One can thus easily see how only relying on bar balance information could be very misleading. The rationale behind Bar Balance is that when the information mined for multiple chart bars is aggregated, it can provide insight into the history behind chart bars, and thus some bias as to the strength of movements. An up chart bar where 11/12 intrabars are also up is assumed to be stronger than the same up bar where only 2/12 intrabars are up. This logic is not bulletproof, and sometimes Bar Balance will stray. Also, keep in mind that balance lines do not represent price momentum as RSI would. Bar Balance calculations have no idea where price is. Their perspective, like that of any historian, is very limited, constrained that it is to the narrow universe of up/down/neutral intrabar counts. You will thus see instances where price is moving up while Balance Momentum, for example, is moving down. When Bar Balance performs as intended, this indicates that the rally is weakening, which does necessarily imply that price will reverse. Occasionally, price will merrily continue to advance on weakening strength.
Divergences
Most of the divergence detection methods used here rely on a difference between the bias of a calculation involving a multi-bar average and a given bar's price direction. When using "Bar Balance on Bar" however, only the bar's balance and price movement are used. This is the default mode.
As usual, divergences are points of interest because they reveal imbalances, which may or may not become turning points. I do not share the overwhelming enthusiasm traders have for the purported ability of bullish/bearish divergences to indicate imminent reversals.
Superfluity
In "The Bed of Procrustes", Nassim Nicholas Taleb writes: To bankrupt a fool, give him information . Bar Balance can display lots of information. While learning to use a new indicator inevitably requires an adaptation period where we put it through its paces and try out all its options, once you have become used to Bar Balance and decide to adopt it, rigorously eliminate the components you don't use and configure the remaining ones so their visual prominence reflects their relative importance in your analysis. I tried to provide flexible options for traders to control this indicator's visuals for that exact reason—not for window dressing.
█ NOTES
For traders
• To avoid misleading traders who don't read script descriptions, the indicator shows nothing in the realtime bar.
• The Data Window shows key values for the indicator.
• All gradients used in this indicator determine their brightness intensities using advances/declines in the signal—not their relative position in a fixed scale.
• Note that because of the way gradients are optimized internally, changing their brightness will sometimes require bringing down the value a few steps before you see an impact.
• Because this indicator does not use volume, it will work on all markets.
For coders
• For those interested in gradients, this script uses an advanced version of the Advance/Decline gradient function from the PineCoders Color Gradient (16 colors) Framework . It allows more precise control over the range, steps and min/max values of the gradients.
• I use the PineCoders Coding Conventions for Pine to write my scripts.
• I used functions modified from the PineCoders MTF Selection Framework for the selection of timeframes.
█ THANKS TO:
— alexgrover who helped me think through the dampening method used to attenuate signal lines on high ratios of neutral intrabars.
— A guy called Kuan who commented on a Backtest Rookies presentation of their Volume Profile indicator . The technique I use to inspect intrabars is derived from Kuan's code.
— theheirophant , my partner in the exploration of the sometimes weird abysses of `security()`’s behavior at intrabar resolutions.
— midtownsk8rguy , my brilliant companion in mining the depths of Pine graphics. He is also the co-author of the PineCoders Color Gradient Frameworks .
Delta Volume Columns [LucF]Displays delta volume columns using intrabar volume information. Each volume column is divided into three sections: buying, selling and neutral volume. Volume for each section is determined from the volume and price movement of each intrabar at a user-selected lower resolution.
Features include:
- Choice of color themes for either dark or light chart backgrounds
- Delta volume columns
- Volume Balance displayed as the difference between the MAs of buying and selling volume
- Display of divergences between a bar’s volume balance and the bar’s price movement (example: buying volume > selling volume but close < open). Divergences can be shown in 2 different color schemes (including green/red showing a tentative direction), on volume columns and/or on chart bars
- Display of bar by bar volume balance with highlighting of above average volume
- Display of the usual total volume MA
- Choice of the lower resolution used to retrieve intrabar information
- Alerts configurable on any combination of the markers, with control over long/short direction
- Choice of 3 different markers:
1. Double bumps: two consecutive bars where buying or selling volume is in the same direction and where volume > volume MA
2. Divergence confirmations: direction of the price bar following a price/volume balance divergence
3. Volume balance shifts: zero level crossings of the volume balance MA delta
The chart shows the two main modes of display:
- Top pane : shows the stacked volume columns with divergences in orange and the flattened volume balance MAs delta at the bottom of the volume columns. This volume balance is the same shown in the bottom pane. The top pane also shows the instant volume balance strip above the volume columns. The strip’s colors show which of the buying or selling volume was greater, and colors are brighter if the total volume was above the total volume MA.
- Bottom pane : shows the volume balance MAs delta with markers 1 and 2. Given that this graphic has no price momentum component, I find quite eerie how it often looks like a momentum-based signal.
The default 5 minute intrabar resolution is used in combination with the weekly chart, which is excessive.
This script uses a special characteristic of the security() function’s behavior when it is sent to a resolution lower than the chart’s resolution. Details are given in the script’s comments. This method has the advantage of working under more circumstances than some of the other loop-based methods, but it also has its limits.
IMPORTANT
This is what you need to know:
- The method used does not work on the realtime bar—only on historical bars. Consequently, the volume column shown on the realtime bar is a normal volume column plotted in green or red, following price movement. The column will only show delta volume information after it closes and becomes a historical bar.
- The indicator only works on some chart resolutions: 5, 10, 15 and 30 minutes, 1, 2, 4, 6, and 12 hours, 1 day, 1 week and 1 month. The script’s code can be modified to run on other resolutions, but chart resolutions must be divisible by the lower resolution used for intrabars.
- Intrabar resolutions can be selected from 1, 5, 15, 30, 45 minutes, 1, 2, 3, 4 hours, 1 day, 1 week and 1 month. The intrabar resolution must of course be smaller than the chart’s resolution.
- Contrary to my other indicators where alerts must be configured to trigger “Once Per Bar Close” in order to avoid false triggers (or repainting), all this indicator’s alerts are designed to trigger using previous bar information since the indicator’s calculations in the realtime bar are not exact. Markers are not plotted with a negative offset; they appear at the beginning of the realtime bar following confirmation of the marker’s condition on the previous bar. Alerts for this indicator should thus be configured to trigger “Once Per Bar” so they trigger at the beginning of the realtime bar. Note that the penalty is not that great, as it is simply the instant between the close of the previous realtime bar and the opening of the next. The advantage of using this technique is that the indicator does not repaint; a marker that appears at the beginning of the realtime bar will never disappear.
- The script only plots information that is reliable in the realtime bar, i.e., total volume and markers. All other plots are set to n/a to prevent misleading traders.
- When the difference between the chart’s resolution and the lower resolution is too important, volume columns will not calculate for all bars in the dataset.
On Delta Volume
Buying or selling volume are misnomers, as every unit of volume transacted is both bought and sold by 2 different traders. There is no such thing as “buy only” or “sell only” volume, but trader lingo is riddled with original fabulations.
Without access to order book information, traders work with the assumption that when price moves up during a bar, there was more buying pressure than selling pressure. The built-in volume indicator available on TradingView uses this logic to color the volume columns green or red. While this script’s numbers are more precise because it analyses a number of intrabars to calculate its information, it uses the exact same imperfect logic to calculate its buying/selling/neutral sections.
Until Pine scripts can have access to how much volume was transacted at the bid/ask prices, our so-called buying/selling volume information will always be a mere proxy.
Divergences
You may wonder how there can be divergences between buying/selling volume information and price movement. This will sometimes be due to the methodology’s shortcomings we have just discussed, but divergences may also occur in instances where because of order book structure, it takes less volume to increase the price of an asset than it takes to decrease it.
As usual, divergences are points of interest because they reveal imbalances, which may or may not become turning points. I do not share the overwhelming enthusiasm traders have for divergences. To your pattern-hungry brain, the orange bars this indicator shows on chart will—as divergences on other indicators do–appear to often indicate turnarounds. My opinion is that reality is generally quite sobering, as many who have tried building automated rules based on divergences will tell you. I do not have hard numbers on the lack of performance of divergences—only many failed attempts to make them perform, which a few experienced strategy modelers I know share with me. Please don’t try to read too much into them. While they look great on past data, I find they are often difficult to use in realtime to make bets with good odds.
Thanks to:
- A guy called Kuan who commented on a Backtest Rookies presentation of an intrabar delta volume indicator using a for loop. The heart of “my” indicator is code borrowed from Kuan; I just built a hopefully useful wrapper around it.
- @theheirophant, my partner in the exploration of the sometimes weird abysses of security() ’s behavior at lower resolutions.
Indicator: Volume Price Confirmation Indicator (VPCI)Developed by Buff Dormeier, VPCI won 2007 Charles H Dow award by the MTA. VPCI plots the relationship between price trend and the volume, as either being in a state of confirmation or contradiction.
Excerpt from article below:
"Fundamentally, the VPCI reveals the proportional imbalances between price trends and volume-adjusted price
trends. An uptrend with increasing volume is a market characterized by greed supported by the fuel needed to
grow. An uptrend without volume is complacent and reveals greed deprived of the fuel needed to sustain itself.
Investors without the influx of other investors (volume) will eventually lose interest and the uptrend should
eventually breakdown.
A falling price trend reveals a market driven by fear. A falling price trend without volume reveals apathy, fear
without increasing energy. Unlike greed, fear is self-sustaining, and may endure for long time periods without
increasing fuel or energy. Adding energy to fear can be likened to adding fuel to a fire and is generally bearish
until the VPCI reverses. In such cases, weak-minded investor's, overcome by fear, are becoming irrationally
fearful until the selling climax reaches a state of maximum homogeneity. At this point, ownership held by weak
investor’s has been purged, producing a type of heat death capitulation. These occurrences may be visualized by
the VPCI falling below the lower standard deviation of a Bollinger Band of the VPCI, and then rising above the
lower band, and forming a 'V' bottom. "
Full article: www.mta.org
Nearly all parameters are configurable and exposed via "Options" page (enable/disable BB, enable/disable breach-markings, enable/disable MA, ...).Also check the source for enabling "histogram" (difference between VPCI and MA of VPCI).
Do note that the shortTerm/longTerm lengths need tuning for your instrument. The default 5/20 is not optimal, in my quick check.
SMC Yardımcısı - TR (Optimize v2.1)BOS (Break of Structure)
Labels when price closes above/below a previous swing high/low.
Shows continuation of the current trend.
CHOCH (Change of Character)
Appears when trend direction shifts (from bullish to bearish or vice versa).
Marks possible market reversals.
FVG (Fair Value Gap)
Highlights price imbalance zones (3-candle gaps).
These are often areas where price later returns to “fill” liquidity.
OTE (Optimal Trade Entry, 62–79% retracement)
Uses the last swing high and swing low.
Draws the Fibonacci retracement zone (62–79%), considered a common institutional entry area.
BSL (Buy Side Liquidity – Equal Highs)
Detects equal highs and plots them as liquidity pools.
Shows where buy-side liquidity/stop hunts may occur.
SSL (Sell Side Liquidity – Equal Lows)
Detects equal lows and plots them.
Indicates sell-side liquidity levels.
Inducement / Liquidity Sweep
If price wicks above BSL or below SSL but closes back inside, a “sweep” label is shown.BOS (Break of Structure – Yapı Kırılımı)
StdDev Supply/Demand Zone RefinerThis indicator uses standard deviation bands to identify statistically significant price extremes, then validates these levels through volume analysis and market structure. It employs a proprietary "Zone Refinement" technique that dynamically adjusts zones based on price interaction and volume concentration, creating increasingly precise support/resistance areas.
Key Features:
Statistical Extremes Detection: Identifies when price reaches 2+ standard deviations from mean
Volume-Weighted Zone Creation: Only creates zones at extremes with abnormal volume
Dynamic Zone Refinement: Automatically tightens zones based on touch points and volume nodes
Point of Control (POC) Identification: Finds the exact price with maximum volume within each zone
Volume Profile Visualization: Shows horizontal volume distribution to identify key liquidity levels
Multi-Factor Validation: Combines volume imbalance, zone strength, and touch count metrics
Unlike traditional support/resistance indicators that use arbitrary levels, this system:
Self-adjusts based on market volatility (standard deviation)
Refines zones through machine-learning-like feedback from price touches
Weights by volume to show where real money was positioned
Tracks zone decay - older, untested zones automatically fade
HTF POC with Zones & AlertsPlots a Point of Control (POC) per candle from a timeframe you choose (MTF). Because TradingView doesn’t expose true footprint data, the POC here is a proxy (choose: Body Mid, Range Mid, or Typical Price HLC3). The script draws the POC line and an optional POC zone (±% of that candle’s range), then alerts when price retests the zone (wick touches count).
Use it to:
Mark key levels inside candles that often act as magnets or reaction zones
Track retests of strong bars (imbalance) across higher timeframes
Add clean confluence with S/R, FVGs, or trend tools
Features: Selectable TF, zone width, extend lines/zones, historical caps, alerts, and info panel.
Note: This is an estimate of POC from OHLC, not real bid/ask volume. Use as context, not a standalone signal.
Smart Moving Concepts [GILDEX]This all-in-one indicator displays real-time market structure (internal & swing BOS / CHoCH), order blocks, premium & discount zones, equal highs & lows, and much more...allowing traders to automatically mark up their charts with widely used price action methodologies. Following the release of our Fair Value Gap script, we received numerous requests from our community to release more features in the same category.
"Smart Money Concepts" (SMC) is a fairly new yet widely used term amongst price action traders looking to more accurately navigate liquidity & find more optimal points of interest in the market. Trying to determine where institutional market participants have orders placed (buy or sell side liquidity) can be a very reasonable approach to finding more practical entries & exits based on price action.
The indicator includes alerts for the presence of swing structures and many other relevant conditions.
Features
This indicator includes many features relevant to SMC, these are highlighted below:
Full internal & swing market structure labeling in real-time
Break of Structure (BOS)
Change of Character (CHoCH)
Order Blocks (bullish & bearish)
Equal Highs & Lows
Fair Value Gap Detection
Previous Highs & Lows
Premium & Discount Zones as a range
Options to style the indicator to more easily display these concepts
Settings
Mode: Allows the user to select Historical (default) or Present, which displays only recent data on the chart.
Style: Allows the user to select different styling for the entire indicator between Colored (default) and Monochrome.
Color Candles: Plots candles based on the internal & swing structures from within the indicator on the chart.
Internal Structure: Displays the internal structure labels & dashed lines to represent them. (BOS & CHoCH).
Confluence Filter: Filter non-significant internal structure breakouts.
Swing Structure: Displays the swing structure labels & solid lines on the chart (larger BOS & CHoCH labels).
Swing Points: Displays swing points labels on chart such as HH, HL, LH, LL.
Internal Order Blocks: Enables Internal Order Blocks & allows the user to select how many most recent Internal Order Blocks appear on the chart.
Swing Order Blocks: Enables Swing Order Blocks & allows the user to select how many most recent Swing Order Blocks appear on the chart.
Equal Highs & Lows: Displays EQH/EQL labels on chart for detecting equal highs & lows.
Bars Confirmation: Allows the user to select how many bars are needed to confirm an EQH/EQL symbol on chart.
Fair Value Gaps: Displays boxes to highlight imbalance areas on the chart.
Auto Threshold: Filter out non-significant fair value gaps.
Timeframe: Allows the user to select the timeframe for the Fair Value Gap detection.
Extend FVG: Allows the user to choose how many bars to extend the Fair Value Gap boxes on the chart.
Highs & Lows MTF: Allows the user to display previous highs & lows from daily, weekly, & monthly timeframes as significant levels.
Premium/Discount Zones: Allows the user to display Premium, Discount, and Equilibrium zones on the chart
XAUUSD Strength Dashboard with VolumeXAUUSD Strength Dashboard with Volume Analysis
📌 Description
This advanced Pine Script indicator provides a multi-timeframe dashboard for XAUUSD (Gold vs. USD), combining price action analysis with volume confirmation to generate high-probability trading signals. It detects:
✅ Break of Structure (BOS)
✅ Fair Value Gaps (FVG)
✅ Change of Character (CHOCH)
✅ Trendline Breaks (9/21 SMA Crossover)
✅ Volume Spikes (Confirmation of Strength)
The dashboard displays strength scores (0-100%) and action recommendations (Strong Buy/Buy/Neutral/Sell/Strong Sell) across multiple timeframes, helping traders identify confluences for better trade decisions.
🎯 How It Works
1. Multi-Timeframe Analysis
Fetches data from 1m, 5m, 15m, 30m, 1h, 4h, Daily, and Weekly timeframes.
Compares trend direction, BOS, FVG, CHOCH, and volume spikes across all timeframes.
2. Volume-Confirmed Strength Score
The Strength Score (0-100%) is calculated using:
Trend Direction (25 points) → 9 SMA vs. 21 SMA
Break of Structure (20 points) → New highs/lows with momentum
Fair Value Gaps (10 points) → Imbalance zones
Change of Character (10 points) → Shift in market structure
Trendline Break (20 points) → SMA crossover confirmation
Volume Spike (15 points) → High volume confirms moves
Score Interpretation:
≥75% → Strong Buy (High confidence bullish move)
60-74% → Buy (Bullish but weaker confirmation)
40-59% → Neutral (No strong bias)
25-39% → Sell (Bearish but weaker confirmation)
≤25% → Strong Sell (High confidence bearish move)
3. Dashboard & Chart Markers
Dashboard Table: Shows Trend, BOS, Volume, CHOCH, TL Break, Strength %, Key Level, and Action for each timeframe.
Chart Markers:
🟢 Green Triangles → Bullish BOS
🔴 Red Triangles → Bearish BOS
🟢 Green Circles → Bullish CHOCH
🔴 Red Circles → Bearish CHOCH
📈 Green Arrows → Bullish Trendline Break
📉 Red Arrows → Bearish Trendline Break
"Vol↑" (Lime) → Bullish Volume Spike
"Vol↓" (Maroon) → Bearish Volume Spike
🚀 How to Use
1. Dashboard Interpretation
Higher Timeframes (D/W) → Show the dominant trend.
Lower Timeframes (1m-4h) → Help with entry timing.
Strength Score ≥75% or ≤25% → Look for high-confidence trades.
Volume Spikes → Confirm breakouts/reversals.
2. Trading Strategy
📈 Long (Buy) Setup:
Higher TFs (D/W/4h) show bullish trend (↑).
Current TF has BOS & Volume Spike.
Strength Score ≥60%.
Key Level (Low) holds as support.
📉 Short (Sell) Setup:
Higher TFs (D/W/4h) show bearish trend (↓).
Current TF has BOS & Volume Spike.
Strength Score ≤40%.
Key Level (High) holds as resistance.
3. Customization
Adjust Volume Spike Multiplier (Default: 1.5x) → Controls sensitivity to volume spikes.
Toggle Timeframes → Enable/disable higher/lower timeframes.
🔑 Key Benefits
✔ Multi-Timeframe Confluence → Avoids false signals.
✔ Volume Confirmation → Filters low-quality breakouts.
✔ Clear Strength Scoring → Removes emotional bias.
✔ Visual Chart Markers → Easy to spot key signals.
This indicator is ideal for gold traders who follow institutional order flow, market structure, and volume analysis to improve their trading decisions.
🎯 Best Used With:
Support/Resistance Levels
Fibonacci Retracements
Price Action Confirmation
🚀 Happy Trading! 🚀
Cnagda Trading ToolCnagda Trading Tools - complete set of intraday trading
1. Trendline breakout based On ATR.
2. Live RSI, volume/candle average 20 Periods, trend direction last 34 periods, and some useful dashboard features.
3. Ma Scalp Line provide trend support and resistance + Where Line More Flat Previous Time You Also Use That Range As Support And Resistance
4. RSI based POC ( Point Of Control) indicate high Volume Area like fixed Range Volume profile
5. London session breakout with buy/sell Signal and NewYork session opening half hour range breakout with Buy/sell signal
Ma Scalp Buy And Sell Signal For Short term Scalping ( 5 Min Timeframe) Based on Ema And Wma Crossover
I hope these tools will improve your trading, but you should trade only after proper research, this indicator is not responsible for any loss.
Volume Delta Pressure Tracker by GSK-VIZAG-AP-INDIA📢 Title:
Volume Delta Pressure Tracker by GSK-VIZAG-AP-INDIA
📝 Short Description (for script title box):
Real-time volume pressure tracker with estimated Buy/Sell volumes and Delta visualization in an Indian-friendly format (K, L, Cr).
📃 Full Description
🔍 Overview:
This indicator estimates buy and sell volumes using candle structure (OHLC) and displays a real-time delta table for the last N candles. It provides traders with a quick view of volume imbalance (pressure) — often indicating strength behind price moves.
📊 Features:
📈 Buy/Sell Volume Estimation using the candle’s OHLC and Volume.
⚖️ Delta Calculation (Buy Vol - Sell Vol) to detect pressure zones.
📅 Time-stamped Table displaying:
Time (HH:MM)
Buy Volume (Green)
Sell Volume (Red)
Delta (Color-coded)
🔢 Indian Number Format (K = Thousands, L = Lakhs, Cr = Crores).
🧠 Fully auto-calculated — no need for tick-by-tick bid/ask feed.
📍 Neatly placed bottom-right table, customizable number of rows.
🛠️ Inputs:
Show Table: Toggle the table on/off
Number of Bars to Show: Choose how many recent candles to include (5–50)
🎯 Use Cases:
Identify hidden buyer/seller strength
Detect volume absorption or exhaustion
✅ Compatibility:
Works on any timeframe
Ideal for intraday instruments like NIFTY, BANKNIFTY, etc.
Ideal for volume-based strategy confirmation.
🖋️ Developed by:
GSK-VIZAG-AP-INDIA
RSI Momentum Divergence Zones [ChartPrime]⯁ OVERVIEW
RSI Momentum Divergence Zones is a hybrid oscillator and chart overlay tool that detects RSI-based momentum divergences and projects them as key zones on the chart. By combining RSI divergence logic with horizontal level plotting, this indicator reveals high-probability support and resistance areas where price has historically reacted to hidden or classic divergences.
⯁ KEY FEATURES
Momentum-Based RSI Source:
Instead of the classic RSI input, this tool uses the momentum of price as the RSI source:
rsiSrc = ta.mom(close, 10)
This emphasizes acceleration and deceleration of price moves, sharpening divergence signals and making them more responsive to early shifts in momentum.
Automatic Divergence Detection (Optional):
When enabled, the indicator continuously scans for:
— Bullish Divergence : Price makes a Lower Low while RSI forms a Higher Low
— Bearish Divergence : Price makes a Higher High while RSI forms a Lower High
It ensures divergence is valid by checking the spacing between pivots (min 5, max 50 bars).
Divergence Labels & Markers (RSI Pane + Chart):
When a valid divergence is detected:
— On RSI pane:
Labels appear at HL/LH points (“Bull” / “Bear”)
Colored lines show pivot structures
— On price chart:
Labels (“▲ Bull” / “Bear ▼”) mark price pivot that triggered the divergence
Lines highlight the exact price level at the divergence origin
Divergence Zones / Levels (Toggleable):
The indicator projects horizontal zones across the chart based on confirmed divergence points.
These levels dynamically extend as long as price respects them, and auto-expire once broken.
They act as S/R levels created by market imbalance caused by divergence reactions.
Dynamic Zone Extension Logic:
Once plotted, divergence levels will extend to the right:
— If price respects the level, the zone keeps growing
— If broken in the opposite direction, the level stops extending and turns dashed (visually showing break)
Zone Layering and Limit Control:
You can limit the number of simultaneous zones shown on the chart (e.g., 10 most recent).
Old zones automatically expire and are removed to keep the chart clean and focused.
Color Customization and Intensity:
Different colors for bullish and bearish zones let you easily distinguish trend direction.
Background fill, line width, and transparency are all adjustable.
Clean Zone Management with Arrays:
Behind the scenes, the script uses custom divLevel type arrays to manage plotted levels, ensuring they stay up-to-date, extend correctly, and delete once invalidated.
⯁ USAGE
Use bullish divergence zones as potential demand areas and bearish ones as supply zones.
Combine RSI pane labels with price-level zones to confirm strength of reversal.
Watch for price approaching a divergence level to anticipate reactions or breakouts.
Use divergence levels as trade triggers, stop-loss guides, or take-profit markers.
Limit signal count using the “Qty Divergence Zones” setting to reduce chart clutter.
Enable divergence detection only when you want to focus on key structural zones — ideal for swing or positional setups.
⯁ CONCLUSION
RSI Momentum Divergence Zones blends oscillator divergence logic with price action structure to uncover hidden strength or weakness in the market. With flexible zone plotting and clean visual signals, this tool empowers traders to identify where momentum turns into structure — turning hidden signals into tradable edges.
Efficient Candle Range (ECR)Efficient Candle Range (ECR)
A custom-built concept designed to detect zones of efficient price movement, often signaling the start, pause, or end of an implied move.
What is the Efficient Candle Range?
The Efficient Candle Range (ECR) is a unique tool that identifies price zones based on efficient candles—candles with relatively small bodies and balanced wicks. These candles reflect balanced or orderly price action, and when grouped into a range, they can reveal areas of temporary equilibrium in the market.
Rather than focusing on single candles, ECR builds a range that dynamically adjusts as new efficient candles form. This gives traders an objective way to track potential areas of absorption, distribution, or transition.
Why use ECR?
Efficient candles often occur:
At the beginning of a new move, after a liquidity sweep or shift in sentiment
At the end of a strong move, as momentum fades
Within consolidation zones, where price trades in a balanced, indecisive state
While ECRs can appear in any market condition, their interpretation depends on context:
In a range, an ECR might just reflect sideways balance.
But after a sweep or breakout, it could signal a potential shift in direction or continuation.
A close outside the ECR often marks the end of that balance and the start of a new impulse.
How it works
The script detects efficient candles based on body-to-range ratio and wick symmetry.
Consecutive ECs are grouped into a live ECR box.
The box dynamically extends as long as price stays inside the high-low range.
Once a candle closes outside, the ECR is considered invalid (fades visually, but remains visible for reference).
Each active range is labeled "ECR" within the box for easy tracking.
Customizable in settings
Max body percentage of range
Max wick imbalance
Box and label color/transparency
Suggested usage
Let the ECR define your observation zone.
Instead of reacting immediately to an efficient candle, wait for a confirmed breakout from the ECR to validate the next move.
Whether you trade breakouts, reversals, or continuation setups, ECR provides an objective way to visualize price balance and understand when the market is likely to expand.
Designed for individual traders looking to build structure around efficient price movement — no specific methodology required.
Ayman – Full Smart Suite Auto/Manual Presets + PanelIndicator Name
Ayman – Full Smart Suite (OB/BoS/Liq/FVG/Pin/ADX/HTF) + Auto/Manual Presets + Panel
This is a multi-condition trading tool for TradingView that combines advanced Smart Money Concepts (SMC) with classic technical filters.
It generates BUY/SELL signals, draws Stop Loss (SL) and Take Profit (TP1, TP2) levels, and displays a control panel with all active settings and conditions.
1. Main Features
Smart Money Concepts Filters:
Order Block (OB) Zones
Break of Structure (BoS)
Liquidity Sweeps
Fair Value Gaps (FVG)
Pin Bar patterns
ADX filter
Higher Timeframe EMA filter (HTF EMA)
Two Operating Modes:
Auto Presets: Automatically adjusts all settings (buffers, ATR multipliers, RR, etc.) based on your chart timeframe (M1/M5/M15).
Manual Mode: Fully customize all parameters yourself.
Trade Management Levels:
Stop Loss (SL)
TP1 – partial profit
TP2 – full profit
Visual Panel showing:
Current settings
Filter status
Trend direction
Last swing levels
SL/TP status
Alerts for BUY/SELL conditions
2. Entry Conditions
A BUY signal is generated when all these are true:
Trend: Price above EMA (bullish)
HTF EMA: Higher timeframe trend also bullish
ADX: Trend strength above threshold
OB: Price in a valid bullish Order Block zone
BoS: Structure break to the upside
Liquidity Sweep: Sweep of recent lows in bullish context
FVG: A bullish Fair Value Gap is present
Pin Bar: Bullish Pin Bar pattern detected (if enabled)
A SELL signal is generated when the opposite conditions are met.
3. Stop Loss & Take Profits
SL: Placed just beyond the last swing low (BUY) or swing high (SELL), with a small ATR buffer.
TP1: Partial profit target, defined as a ratio of the SL distance.
TP2: Full profit target, based on Reward:Risk ratio.
4. How to Use
Step 1 – Apply Indicator
Open TradingView
Go to your chart (recommended: XAUUSD, M1/M5 for scalping)
Add the indicator script
Step 2 – Choose Mode
AUTO Mode: Leave “Use Auto Presets” ON – parameters adapt to your timeframe.
MANUAL Mode: Turn Auto OFF and adjust all lengths, buffers, RR, and filters.
Step 3 – Filters
In the Filters On/Off section, enable/disable specific conditions (OB, BoS, Liq, FVG, Pin Bar, ADX, HTF EMA).
Step 4 – Trading the Signals
Wait for a BUY or SELL arrow to appear.
SL and TP levels will be plotted automatically.
TP1 can be used for partial close and TP2 for full exit.
Step 5 – Alerts
Set alerts via BUY Signal or SELL Signal to receive notifications.
5. Best Practices
Scalping: Use M1 or M5 with AUTO mode for gold or forex pairs.
Swing Trading: Use M15+ and adjust buffers/ATR manually.
Combine with price action confirmation before entering trades.
For higher accuracy, wait for multiple filter confirmations rather than acting on the first arrow.
6. Summary Table
Feature Purpose Can Disable?
Order Block Finds key supply/demand zones ✅
Break of Structure Detects trend continuation ✅
Liquidity Sweep Finds stop-hunt moves ✅
Fair Value Gap Confirms imbalance entries ✅
Pin Bar Price action reversal filter ✅
ADX Trend strength filter ✅
HTF EMA Higher timeframe confirmation ✅
FVG 9:31–10:00 AM ETFVG 9:31–10:00 AM ET - Script Description
What This Script Does
This indicator finds **Fair Value Gaps (FVGs)** that form during the first 29 minutes of the U.S. stock market (9:31 AM to 10:00 AM Eastern Time). A Fair Value Gap is a price imbalance where there's a gap between candles that often becomes an important support or resistance level.
Key Features:
- **Time Window**: Only looks for FVGs between 9:31-10:00 AM ET (most important opening period)
- **One Per Day**: Finds only the first FVG that forms in this time window each day
- **Visual Display**: Draws a purple box around the gap with a clear "FVG" label
- **Price Tracking**: Monitors when price comes back to test the gap level
- **Alert System**: Sends notifications when price returns to the FVG zone
How FVGs Are Detected:
- **Bullish FVG**: When there's a gap up (low of middle candle is above high of 3rd candle back)
- **Bearish FVG**: When there's a gap down (high of middle candle is below low of 3rd candle back)
The 9:31-10:00 AM window is chosen because this is when institutions and algorithms create their biggest price moves right after market open, making these gaps very reliable.
Customization Options
User Settings
Extend FVG Box (Bars)
- **What it does**: Makes the purple box longer to the right
- **Default**: 0 (box ends right after the gap forms)
- **Options**: Any number from 0 to 100+
- **When to use**:
- Keep at 0 for clean historical view
- Set to 10-20 to track the gap during the current session
- Set higher for longer reference
Code Settings (Can Be Changed)
Time Window
- **Start**: 9:31 AM Eastern Time
- **End**: 10:00 AM Eastern Time
- **Can modify**: Change the hour/minute numbers in the code
Visual Style
- **Color**: Purple with see-through background
- **Label**: Shows "FVG" text in white
- **Can modify**: Change colors and transparency in the code
How to Use:
Setup
Chart Settings
1. Use 1-minute, 5-minute, or 15-minute charts (works best on these timeframes)
2. Apply to liquid markets like ES, NQ, major stocks, or forex pairs
3. Set the "Extend FVG Box" to your preference (start with 0 or 10)
What You'll See
- A purple box appears when an FVG forms during 9:31-10:00 AM
- Box shows the exact price levels of the gap
- "FVG" label appears on the box
- Only one FVG per day will be marked
Trading Strategies
Basic FVG Trading
1. **Wait for Formation**: Let the purple box appear during 9:31-10:00 AM
2. **Watch Price Movement**: See if price moves away from the gap
3. **Enter on Retest**: When price comes back to the purple box area, consider entering
4. **Trade Direction**:
- Bullish FVG = look for long opportunities when price retests
- Bearish FVG = look for short opportunities when price retests
Entry Methods
- **Bounce Play**: Enter when price touches the FVG box and bounces away
- **Break Play**: Enter if price strongly breaks through the FVG box
- **Rejection Play**: Enter opposite direction if price gets rejected at the FVG
Risk Management
Stop Losses
- Place stops just outside the FVG box (a few ticks beyond the gap)
- If trading a bounce, stop goes on opposite side of the gap
- If trading a break, stop goes back inside the gap
Position Sizing
- Start small until you understand how FVGs work in your market
- Bigger gaps = smaller position size (more risk)
- Smaller gaps = can use larger position size
Profit Targets
- Take profits at obvious levels like round numbers, previous highs/lows
- Consider taking half profits at 1:1 risk/reward ratio
- Let some position run if the move is strong
Best Practices
When It Works Best
- High-volume stocks and futures (ES, NQ work great)
- Normal market days without major news during the 9:31-10:00 window
- When there's clear institutional activity in the opening period
When to Be Careful
- Low-volume stocks or markets
- Major economic news releases during the time window
- Market holidays when volume is low
- Very choppy or sideways days
Alert Usage
- The script will alert you when price comes back to test the FVG
- Don't trade the alert blindly - always check the current market situation
- Use the alert as a heads-up to start watching the setup more closely
Tips for Success
- The earlier the FVG forms in the 9:31-10:00 window, often the more significant it is
- FVGs that form with high volume are usually more reliable
- Always consider the overall market direction - don't fight the main trend
- Practice on paper first to understand how FVGs behave in your chosen market
🔗 Works Best With:
✅ Liquidity Levels — Smart Swing Lows: Spot key structural lows that can fuel stop hunts and reversals.
✅ ICT Turtle Soup — Liquidity Reversal: Add a classic reversal pattern to your toolkit to catch fakeouts cleanly.
✅ ICT SMC Liquidity Grabs and OBs- Liquidity Grabs, Order Block Zones, and Fibonacci OTE Levels, allowing traders to identify institutional entry models with clean, rule-based visual signals.
This script is most valuable for day traders who want to catch institutional moves right after market open, but it can also help swing traders identify important intraday levels.
✅ ICT Macro Zones (Grey Box Version)- It tracks real-time highs and lows for each Silver Bullet session.
✅ Weekly Opening Gap (cryptonnnite)
X Opens+Overview:
The X Opens+ indicator is a precision tool designed for traders seeking to analyze market structure and behavior around key timeframe opens. It highlights the open prices of custom-selected higher timeframes—such as daily, weekly, or monthly sessions—and visualizes them directly on lower timeframes. These open levels often coincide with high-volume zones, market imbalance, and institutional interest, making them powerful reference points for intraday and swing trading strategies.
Key Features:
Custom Timeframe Anchoring: Users can select any timeframe (e.g., daily, 4H, 1W) to display its current and previous session opens directly on their active chart. This allows for flexible multi-timeframe analysis within a single view.
Price Reaction Zones: Timeframe opens are frequently areas of heightened liquidity and directional bias. By identifying these opens and their relationship to current price action, traders can anticipate areas of support/resistance, trend continuation, or reversal.
Derived Midpoints and Ranges: The indicator also computes and displays the previous session’s range midpoint (EQ), as well as extension bands (e.g., ±1.0x or ±1.5x the prior range). These levels are useful for contextualizing volatility expansion and identifying breakout or fade setups around key open zones.
Historical Session Mapping: In addition to live opens, the tool optionally displays opens and range-based levels from previous sessions. This historical layering gives traders a broader context of how price has respected or rejected these levels over time.
Labeling and Customization: Each level can be labeled and color-coded to match user preferences. The visibility, size, and style of each element (e.g., lines, labels, bands) are fully configurable for visual clarity and user alignment.
Use Cases:
Confirming bias around daily or weekly opens, especially during market opens or key economic releases.
Identifying equilibrium levels for mean reversion or continuation setups.
Using ±1.0 and ±1.5 range projections as dynamic targets or invalidation zones.
Anchoring to key sessions for volume profile or order flow-based strategies.
Summary:
X Opens+ is a data-driven utility that transforms static session opens into dynamic market tools. By spotlighting where institutional interest likely concentrates—at the opens of significant timeframes—this indicator provides traders with a structural edge in identifying key zones that influence price behavior throughout the trading day or week
Correlation Coefficient with MA & BB中文版介紹
相關係數、移動平均線與布林帶指標 (Correlation Coefficient with MA & BB)
這個 Pine Script 指標是一款強大的工具，旨在幫助交易者和投資者深入分析兩個市場標的之間的關係強度與方向，並結合移動平均線 (MA) 和布林帶 (BB) 來進一步洞察這種關係的趨勢和波動性。
無論您是想尋找配對交易機會、管理投資組合風險，還是僅僅想更好地理解市場動態，這個指標都能提供有價值的見解。
指標特色與功能：
動態相關係數計算：
您可以選擇任何您想比較的股票、商品或加密貨幣代號（例如，預設為 GOOG）。
指標會自動計算當前圖表（主數據源，預設為收盤價）與您指定標的之間的相關係數。
相關係數值介於 -1 (完美負相關) 至 1 (完美正相關) 之間，0 表示無線性關係。
視覺化呈現相關係數線，並標示 1、0、-1 參考水平線，同時填充完美相關區間，讓您一目了然。
特別之處：程式碼中包含了 ticker.modify，確保比較標的數據考慮了股息調整或延長交易時段，使相關性分析更加精準。
相關係數的移動平均線 (MA)：
為了平滑相關係數的短期波動，指標提供了多種移動平均線類型供您選擇，包括：SMA、EMA、WMA、SMMA。
您可以設定計算 MA 的週期長度（預設 20 週期）。
這條 MA 線有助於識別相關係數的長期趨勢，判斷兩者關係是趨於增強還是減弱。
相關係數的布林帶 (BB)：
將布林帶應用於相關係數，以衡量其波動性和相對高低水平。
中軌與您選擇的移動平均線保持一致。
上軌和下軌則根據相關係數的標準差和您設定的 Z 值（預設 2.0 倍標準差）動態調整。
布林帶可以幫助您識別相關係數何時處於極端水平，可能預示著未來會回歸均值。
如何運用這個指標？
配對交易策略：當兩個通常高度相關的資產，其相關係數短期內顯著偏離平均水平（例如，一個資產價格上漲而另一個原地踏步），您可能可以考慮利用此「失衡」進行配對交易。
投資組合多元化：了解不同資產之間的相關性，有助於構建更穩健的投資組合，避免過度集中於同向變動的資產，有效分散風險。
市場趨勢洞察：透過觀察相關係數的趨勢和波動，您可以更好地理解不同市場板塊或資產類別之間的聯動性，為您的宏觀經濟分析提供數據支持。
請注意，相關性不等於因果性。使用此指標時，請結合您的整體交易策略、宏觀經濟分析以及其他技術指標進行綜合判斷。
English Version Introduction
Correlation Coefficient with Moving Average & Bollinger Bands Indicator (Correlation Coefficient with MA & BB)
This Pine Script indicator is a powerful tool designed to help traders and investors deeply analyze the strength and direction of the relationship between two market instruments. It integrates Moving Averages (MA) and Bollinger Bands (BB) to further insight into the trend and volatility of this relationship.
Whether you're looking for pair trading opportunities, managing portfolio risk, or simply aiming to better understand market dynamics, this indicator can provide valuable insights.
Indicator Features & Functionality:
Dynamic Correlation Coefficient Calculation:
You can select any symbol you wish to compare (e.g., default is GOOG), be it stocks, commodities, or cryptocurrencies.
The indicator automatically calculates the correlation coefficient between the current chart (main data source, default is close price) and your specified symbol.
Correlation values range from -1 (perfect negative correlation) to 1 (perfect positive correlation), with 0 indicating no linear relationship.
It visually plots the correlation line, marks 1, 0, -1 reference levels, and fills the perfect correlation zone for clear visualization.
Special Feature: The code includes ticker.modify, ensuring that the comparative symbol's data accounts for dividend adjustments or extended trading hours, leading to more precise correlation analysis.
Moving Average (MA) for Correlation:
To smooth out short-term fluctuations in the correlation coefficient, the indicator offers multiple MA types for you to choose from: SMA, EMA, WMA, SMMA.
You can set the length of the MA period (default 20 periods).
This MA line helps identify the long-term trend of the correlation coefficient, indicating whether the relationship between the two instruments is strengthening or weakening.
Bollinger Bands (BB) for Correlation:
Bollinger Bands are applied to the correlation coefficient itself to gauge its volatility and relative high/low levels.
The middle band aligns with your chosen Moving Average.
The upper and lower bands dynamically adjust based on the correlation coefficient's standard deviation and your set Z-score (default 2.0 standard deviations).
Bollinger Bands can help you identify when the correlation coefficient is at extreme levels, potentially signaling a future reversion to the mean.
How to Utilize This Indicator:
Pair Trading Strategies: When two typically highly correlated assets show a significant short-term deviation from their average correlation (e.g., one asset's price rises while the other stagnates), you might consider exploiting this "imbalance" for pair trading.
Portfolio Diversification: Understanding the correlation between different assets helps build a more robust investment portfolio, preventing over-concentration in co-moving assets and effectively diversifying risk.
Market Trend Insight: By observing the trend and volatility of the correlation coefficient, you can better understand the联动 (interconnectedness) between different market sectors or asset classes, providing data support for your macroeconomic analysis.
Please note that correlation does not imply causation. When using this indicator, combine it with your overall trading strategy, macroeconomic analysis, and other technical indicators for comprehensive decision-making.
Fair Value Gap Profiles [AlgoAlpha]🟠 OVERVIEW
This script draws and manages Fair Value Gap (FVG) zones by detecting unfilled gaps in price action and then augmenting them with intra-gap volume profiles from a lower timeframe. It is designed to help traders find potential areas where price may return to fill liquidity voids, and to provide extra detail about volume distribution inside each gap to assess strength and likely mitigation. The script automatically tracks each gap, updates its state over time, and can show which gaps are still unfilled or have been mitigated.
🟠 CONCEPTS
A Fair Value Gap is a zone between candles where no trades occurred, often seen as an inefficiency that price later revisits. The script checks each bar to see if a bullish (low above 2-bars-ago high) or bearish (high below 2-bars-ago low) gap has formed, and measures whether the gap’s size exceeds a threshold defined by a volatility-adjusted multiplier of past gap widths (to only detect significantly large gaps). Once a qualified gap is found, it gets recorded and visualized with a box that can stretch forward in time until filled. To add more context, a mini volume profile is built from a lower timeframe’s price and volume data, showing how volume is distributed inside the gap. The lowest-volume subzone is also highlighted using a sliding window scan method to visualise the true gap (area with least trading activity)
🟠 FEATURES
Visual gap boxes that appear automatically when bullish or bearish fair value gaps are detected on the chart.
Color-coded zones showing bullish gaps in one color and bearish gaps in another so you can easily see which side the gap favors.
Volume profile histograms plotted inside each gap using data from a lower timeframe, helping you see where volume concentrated inside the gap area.
Highlight of the lowest-volume subzone within each gap so you can spot areas price may target when filling the gap.
Dynamic extension of the gap boxes across the chart until price comes back and fills them, marking them as mitigated.
Customizable colors and transparency settings for gap boxes, profiles, and low-volume highlights to match your chart style.
Alerts that notify you when a new gap is created or when price fills an existing gap.
🟠 USAGE
This indicator helps you find and track unfilled price gaps that often act as magnets for price to revisit. You can use it to spot areas where liquidity may rest and plan entries or exits around these zones.
The colored gap boxes show you exactly where a fair value gap starts and ends, so you can anticipate potential pullbacks or continuations when price approaches them.
The intra-gap volume profile lets you gauge whether the gap was created on strong or thin participation, which can help judge how likely it is to be filled. The highlighted lowest-volume subzone shows where price might accelerate once inside the gap.
Traders often look for entries when price returns to a gap, aiming for a reaction or reversal in that area. You can also combine the mitigation alerts with your trade management to track when gaps have been closed and adjust your bias accordingly. Overall, the tool gives a clear visual reference for imbalance zones that can help structure trades around supply and demand dynamics.
