Volume Bars - Shubhashish DixitThis helps you to identify volume based on your given period and it solves the issues which we are unable to see units in the main bar of Volume default chart
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Volume Profile + Price Action Strategy (POC-based)This indicator combines volume dynamics, price action patterns, and a simplified Point of Control (POC) to highlight potential high-probability trade zones.
🔍 Key Features
POC-Based Logic
Plots the POC from the most recent closed 10-minute candle as a horizontal level for intraday structure.
Volume Spike Detection
Highlights unusual activity based on volume compared to the average of the last N candles.
Effort vs. Result Analysis
Based on Wyckoff-inspired logic:
Absorption: Large volume, small body → possible buyer/seller absorption
False Move: Small volume, large body → potential fakeout
Price Action Recognition Detects:
Inside Bars
Pin Bars
Engulfing Candles
Signal Highlights
🔺 Absorption Signals (below bar, teal triangle)
🔻 False Move Signals (above bar, orange triangle)
🔷 POC Line
⚙️ Customizable Inputs
You can control signal sensitivity with these inputs:
Volume Spike Multiplier
Raise to filter only extreme volume spikes
→ Recommended: 2.0 to 3.0 for cleaner setups
Absorption Body Ratio
Lower to detect only very small bodies (tight candles)
→ Try 0.3 to 0.4 for stricter absorption logic
False Move Body Ratio
Raise to catch only large candles on low volume
→ Use 2.0+ to filter weak moves
🧠 How to Use
Use in confluence with:
Support/Resistance
VWAP or moving averages
Session opens/closes
Best on 10-minute charts, but adjustable
✅ Signal Tuning Tips
Want fewer but cleaner signals?
Increase Volume Spike Multiplier: 2.5+
Decrease Absorption Body Ratio: 0.3
Increase False Move Ratio: 2.0+
Want more frequent signals?
Lower Volume Multiplier: 1.2–1.5
Raise Absorption Ratio: 0.6+
Lower False Move Ratio: 1.2–1.4
📊 Recommended Timeframe
Optimized for 10-minute charts
Works intraday, especially around session opens and POC re-tests
⚠️ Disclaimer
This script is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any asset. Past performance is not indicative of future results. Always do your own research and consult a licensed financial advisor before making trading decisions.
Use at your own risk.
Volume EquilibriumThe intent behind this indicator is to provide comprehensive information relating to volume compared to multiple timeframes. This indicator allows one to see what the market 'theoretically' sees as 'fair-value' whilst also allowing one to gauge where the price of a stock is headed.
Volume Equilibrium
The main indicator finds the difference between buying volume and selling volume, under the basic presumption that more buying volume indicates greater bullish sentiment and vice versa.
Buying Volume = volume when close price is higher than open price.
Selling Volume = volume when close price is lower than open price.
Volume Balance = Cumulative Buying Volume − Cumulative Selling Volume
Volume Balance is then expressed as a percentage by dividing by total volume
This indicator is composed of three different lengths of the same indicator. Short, Mid, and Long term representations of Volume Equilibrium. The difference between the mid and long term are highlighted so to make it easy to see where volume is going relative to a longer time frame.
HOW TO USE:
At 0 ---> Equilibrium ---> Equal Buying/Selling Volume
Above 0 ---> More buying Volume
Below 0 ---> More selling Volume
Using theory, it is assumed that the price is at a 'fair-value' when the buying/selling volume is at 0. This is of course relative to the respective timeframe of your choosing. More weight given to larger timeframes.
Volume Histogram
It is a basic volume chart that represents the total volume though has highlighted bars so to indicate buying(green) and selling(red) volume. This allows one to see what the indicator is based off of.
Open-Close Oscillator(not needed)
Calculates the average open-close for a selected timeframe and then provides the current closing price relative to that average open-close. Very simply put, values below 0 indicate bearish and values above 0 generally indicate bullishness. This indicator is for a quick reference of price action relative to volume.
Another way to use this indicator, though unique, is to analyze the separate open-close lines themselves. Using the open-close bands, bullishness is defined as increasing closing prices and bearish as decreasing closing prices. So, in regard to this indicator, bear sessions can be indicated by the opening line being below the closing line and bull sessions as the opening line being above. Use the 'flip' of these lines to your advantage, they are very helpful at capturing long continuous sentiment.
This indicator is composed of great information though I still think it best to use many different indicators to help you with your trades.
NOTE: Be aware of what we are trying to analyze, Volume. This means that one should also look out for divergences to capture early indications of reversals. This indicator can be leveraged greatly.
Volume Liqidations [EagleVSniper]The Volume Liquidations Indicator is designed for traders who want to spot significant liquidation events in the cryptocurrency markets, particularly between spot and futures volumes. This powerful tool auto-detects the trading asset and compares the volume data from both spot and futures markets to highlight potential high-volume liquidation points that can significantly impact price movement. Raw source code owner - tartigradia
Features:
Auto-Detect Functionality: Automatically identifies the current trading asset, providing an option for manual selection for both spot and futures symbols.
Volume Comparison: Calculates the difference between futures and spot volumes within a user-defined timeframe, helping to identify liquidation events.
Customizable Parameters: Offers customizable options for multipliers, lookback periods, and timeframe selection to tailor the indicator to your trading strategy.
Visual Indicators: Displays liquidation volumes as color-coded columns, with green indicating potential long liquidations and red for short liquidations. It also highlights bars that exceed the high-volume threshold, providing a clear visual cue for significant liquidation events.
Spot and Futures Volume MA: Includes optional moving average plots for both spot and futures volumes, allowing for a deeper analysis of market trends.
Highlighting High-Volatility Candles: The indicator uniquely colors candles that reach a predefined volatility threshold, determined by the user-set multiplier. This functionality aims to spotlight moments of significant market volatility, providing traders with immediate visual cues.
Dynamic Ticker Selection: Seamlessly switches between auto and manual ticker selection, providing flexibility for all types of traders.
How to Use:
Setup: Configure the indicator to your preferences. You can choose between automatic or manual ticker selection, set the multiplier for the high-volume threshold, and define the lookback period for the moving average calculation.
Analysis: The indicator plots differences in volume between futures and spot markets as columns on your chart, color-coded to indicate the direction of potential liquidations.
Decision Making: Use the indicator to identify potential liquidation events. High-volume thresholds are highlighted, suggesting significant market movements. Combine this information with other analysis tools to make informed trading decisions.
Volume Records + AlertContents
Overall Introduction
Settings menu parameters
Usage
How to use alerts
Limits
Overall Introduction
This indicator is a "volume analysis" tool for confirming the direction and strength of price trend and spotting trend reversals. This tool consists of two parts:
1- The colored graph is a custom volume oscillator which shows the relative changes in volume.
The darkening of the color of the bars is a sign of increasing volume.
2- Triangular labels that show trading volume records over different time periods based on the absolute values of the volume.
By creating an alert, you can be notified of new trading volume records. These records are:
Highest / lowest volume in one year,
Highest / lowest volume in six month
Highest / lowest volume in three month
Highest / lowest volume in one month
Highest / lowest volume in one week
Settings menu parameters
{Short Length} =>
The fast volume MA of the Volume Oscillator.
{Long Length} =>
The slow volume MA of the Volume Oscillator.
{Visual Parameters} =>
Parameters to personalize the appearance of the indicator.
{Alert Conditions Part 01: Highest Records ⏰ } =>
Parameters to customize the alert.
{Alert Conditions Part 02: Lowest Records ⏰ } =>
Parameters to customize the alert.
Usage
This indicator is a "volume analysis" tool for confirming the direction and strength of price trend and spotting trend reversals.
What Is Volume Analysis?
Volume analysis involves examining relative or absolute changes in an asset's trading volume in order to make inferences about future price movements.
A significant price increase along with a significant volume increase, for example, could be a credible sign of a continued bullish trend or a bullish reversal.
The gradual darkening of the bars is a sign of the strength of the trend.
Volume can be an indicator of market strength, as rising markets on increasing volume are typically viewed as strong and healthy.
How to use alerts
Note that by creating an alert, an instance of the indicator, with all your settings, will be activated on the site's server and alerts will be triggered by it.
After that, changing the indicator settings on the chart will no longer affect the alert.
Open the settings window and select the alert conditions as you wish
Click the Create Alert button (or press the A key while holding down the ALT key)
In the Condition section, select the name of the indicator.
Make the rest of the settings as you wish.
Finally, click on the Create button.
It's finished. After a few moments, your alert will be added to the Alerts menu.
Limits
The labels are displayed after the bars close.
Labels are displayed for the last 10,000 bars.
Volume Columns w. Alerts (V) [LucF]These are volume columns on steroids, for serious volume users. You can use the indicator to show volume columns or relative volume. You can define alerts using numerous conditions in both column and relative modes simultaneously. Multiple coloring schemes allow you to reveal volume columns in a much more useful light than the two-color standard.
Features
Seven Color Schemes
Plain gray.
Different color for columns above average MA.
Standard green and red.
Color gradient using the relative position of MA (default mode).
The first 3 schemes allow for highlighting increasing volume columns.
A gray column in an otherwise colored scheme indicates no change in price.
Two Modes
Column Mode: In this mode you can show the volume MA and mask the columns under it. The standard is an EMA because I think it better suits volume’s quick changes, but you can change it to the usual simple MA, as well as define its length.
Relative Volume: Calculations have been kept rudimentary. Current volume is simply compared to the previous bar’s volume. In order to compensate for this, a multiple area mode also compares current volume to 5, 15, 50 and 200 periods MAs. You can choose to view only the main relative volume value. Relative volume is capped in order to prevent the loss of detail caused by wild increases. The default cap is 10, but you can define your own. Spikes that are capped show a dot at their top. A separate threshold (its default value is the standard 2) is included for relative volume; it is used to generate relative volume markers.
Four Markers
Bumps (marker 1): A bump occurs when an increasing volume column is above its MA and the candle’s close is above/below the previous close.
Double Bumps (marker 2): A double bump occurs when 2 bumps are present in the last 3 bars.
Volume Over MA (marker 3): Triggers whenever volume is above MA. This is the noisiest of the markers.
Relative Volume (marker 4): This event occurs when relative volume crosses the pre-defined threshold.
You can choose to only show long or short markers.
Two Backgrounds
You can choose to highlight the background on bumps and double bumps.
Alerts
You can define alerts on any combination of markers you configure. After defining the markers you want the alert to trigger on, make sure you are on the interval you want the alert to be monitoring at, then create the alert, select V, use the default “Configured Markers” alert condition and choose your triggering window (usually “Once Per Bar Close”). Once the alert is created, you can change the indicator's inputs with no effect on the alert.
No worthwhile price movement exists without volume. It thus makes sense to define alerts on volume if you want to monitor markets. I use the markers to define two types of alerts. For general market scanning, I use markers 2 and 4 on high time frames. When I have identified a good opportunity for entry and am waiting for confirmation, I will often setup a custom alert for that market at a shorter time interval using markers 1 and 4.
Notes
Until we have access to delta volume information on TradingView, this indicator tries to get the most out of volume columns without using security calls at inside intervals to get more resolution on volume, because it slows things down considerably.
The chart shows different combinations of color schemes and markers, along with my TLD indicator on the chart.
Volume Profile: Intra-bar VolumeThis indicator was developed as part of a free blog post tutorial on the Backtest-Rookies website for detailed code commentary, head over there.
Scope
The indicator shall attempt to do the following:
Look at a lower time-frame. E.g 5 minutes when on a 1-hour chart.
Create a function to loop through through candles and make an assessment.
If the candle it closed up, the volume will be categorized as buying volume. Conversely, if it closed down, the volume will be categorized as selling volume
The function will then be passed to the security() function to run on a lower timeframe.
All buying volume and selling volume from the lower time-frame shall be summed and displayed on the main chart.
Important Note
This indicator will not give you genuine buying or selling volume. It simply follows the assumption that if price closed up, there must have been more buyers than sellers and if it closed down we assume the opposite.
Usage
In order to use this indicator, users will need to calculate how many lower time-frame bars are contained in the time-frame on the main chart. So for example, the default settings are configured for the indicator to be run on the 1H chart. As a result, we need to set the "Bars on Lower Timeframe" input to 12. This is because there are 12 x 5-minute bars in 60 minutes.
Volume Indicator VSidea take from Alexander Elder, author of: The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management
Meaning of colouring:
- Green bar Volume: If we look back certain numbers of volume bars, higher close price and higher volume.
- Blue bar Volume: If we look back certain numbers of volume bars, higher close price and lower volume.
- Red bar Volume: If we look back certain numbers of volume bars, lower close price and higher volume.
- Orange bar Volume: If we look back certain numbers of volume bars, lower close prince and lower volume.
- Grey bar Volume: If we look back certain numbers of volume bars, same price and same volume.
Volume Delta Trailing Stop [LuxAlgo]The ' Volume Delta Trailing Stop ' indicator uses Lower Time Frame (LTF) volume delta data which can provide potential entries together with a Volume-Delta based Trailing Stop-line .
🔶 USAGE
Our 'Volume Delta Trailing Stop' script can show potential entries/Stop Loss lines
A trigger line needs to be broken before a position is taken, after which a Volume Delta-controlled Trailing Stop-line is created:
🔶 DETAILS
🔹 Volume rises when bought or sold
🔹 When the opening price appears on the chart, a buy/sell order has been executed.
If that order is less than the available supply of that particular price, volume will rise, without moving the price.
🔹 When the opening price is the same as the closing price, the volume of that bar can be seen as "neutral volume" (nV); nor "up", nor "down" volume.
Example
A buy order doesn't fill the first available supply in the order book. This price will be the opening price with a certain volume.
When at closing time, price still hasn't moved (the first available supply in the order book isn't filled, or no movement downwards),
the closing price will be equal to the opening price, but with volume. This can be seen as "neutral volume (nV)".
🔹 Delta Volume (ΔV): this is "up volume" minus "down volume"
🔹 Standard volume is colored red when closing price is lower than opening price ( = "down volume").
🔹 Standard volume is colored green when closing price is higher OR equal (nV) than opening price ( = "up volume").
🔹 Neutral Volume
The "Neutral-Volume" is considered "Up-Volume" - setting will dictate whether nV is considered as green 'buy' volume or not.
🔶 EXAMPLE
29 July 10:00 -> 10:05, chart timeframe 5 minutes, open 29311.28, close 29313.89
close > open, so the volume (39.55) is colored green ("up volume").
(The Volume script used in the following examples is the open-source publication Volume Columns w. Alerts (V) from LucF )
Let's zoom to the 1-minute TF:
The same period is now divided into more bars, volume direction (color) is dependable on the difference between open and close.
Counting up and down volume gives a more detailed result, it remains in an upward direction though):
(ΔV = +15.51)
Let's further zoom in to the 1-second TF:
The same period is now divided into even more bars (more possibility for changing direction on each bar)
Here we see several bars that haven't moved in price, but they have volume ("neutral" volume).
(neutral volume is coloured light green here, while up volume is coloured darker green)
When we count all green and red volume bars, the result is quite different:
(ΔV = -0.35)
In total more volume is found when price went downwards, yet price went up in these 5 minutes.
-> This is the heart of our publication, when this divergence occurs, you can see a barcolor changement:
• orange: when price went up, but LTF Volume was mainly in a downward direction.
• blue: when price went down, but LTF Volume was mainly in an upwards direction.
When we split the green "up volume" into "up" and "neutral", the difference is even higher
(here "neutral volume" is colored grey):
(ΔV = -12.76; "up" - "down")
🔶 CONCEPTS
bullishBear = current bar is red but LTF volume is in upward direction -> blue bar
bearishBull = current bar is green but LTF volume is in downward direction -> orange bar
🔹 Potential positioning - forming of Trigger-line
When not in position, the script will wait for a divergence between price and volume direction. When found, a Trigger-line will appear:
• at high when a blue bar appears ( bullishBear ).
• at low when an orange bar appears ( bearishBull ).
Next step is when the Trigger-line is broken by close or high/low (settings: Trigger )
Here, the closing price went under the grey Trigger-line -> bearish position:
🔹 Trailing Stop-line
When the Trigger-line is broken, the Trailing Stop-line (TS-line) will start:
• low when bullish position
• high when bearish position
You can choose (settings -> Trigger -> Close or H/L ) whether close price or high/low should break the Trigger-line
When alerts are enabled ("Any alert() function call"), you'll get the following message:
• ' signal up ' when bullish position
• ' signal down' when bearish position
After that, the TS-line will be adjusted when:
• a blue bullishBear bar appears when in bullish position -> lowest of {low , previous blue bar's high or orange bar's low}
• an orange bearishBull bar appears when in bearish position -> highest of {high, previous blue bar's high or orange bar's low}
When alerts are enabled ("Any alert() function call"), and the TS-line is broken, you'll get the following message:
• ' TS-line broken down ' when out bullish position
• ' TS-line broken up ' when out bearish position
🔹 Reference Point
Default the direction of price will be evaluated by comparing closing price with opening price.
When open and close are the same, you'll get "neutral volume".
You can use "previous close" instead (as in built-in volume indicator) to include gaps.
If close equals open , but close is lower than previous close , it will be regarded as " down volume ",
similar, when close is higher than previous close , it will be regarded as " up volume "
Note, the setting applies for the current timeframe AND Lower timeframe:
Based on: " open " (close - open)
Based on: " previous close " (close - previous close)
🔹 Adjustment
When the TS-line changes, this can be adjusted with a percentage of price , or a multiple of " True Range "
Default (Δ line -> Adjustment - 0)
Δ line -> Adjustment 0.03% (of price)
Δ line -> Mult of TR (10)
🔶 SETTINGS
🔹 LTF: choose your Lower TimeFrame: 1S (seconds), 5S, 10S, 15S, 30S, 1 minute)
🔹 Trigger: Choose the trigger for breaking the Trigger-line ; close or H/L (high when bullish position, low when bearish position)
🔹 Δ line ( Trailing Stop-line ): add/subtract an adjustment when the TS-line changes ( default: Adjustment ):
• Adjustment ( default: 0 ): add/subtract an extra % of price
• Mult of TR : add/subtract a multiple of True Range
🔹 Based on: compare closing price against:
• open
• previous close
🔹 "Neutral-Volume" is considered "Up-Volume" : this setting will dictate whether nV is considered as green 'buy' volume or not.
🔶 CONSIDERATIONS
🔹 The lowest LTF (1S) will give you more detail and will get data close to tick data.
However, a maximum of 100,000 intrabars can be used in calculations .
This means on the daily chart you won't see anything since 1 day ~ 86400 seconds. (just over 1 bar)
-> choose a lower chart timeframe, or choose a higher LTF (5S, 10S, ... 1 minute)
🔹 Always choose a LTF lower than the current chart timeframe.
🔹 Pine Script™ code using this request.security_lower_tf() may calculate differently on historical and real-time bars, leading to repainting .
Volume-Weighted Price Levels (VWPL)Introduction:
In this script, we will be creating an indicator that plots horizontal lines on the chart for each unique price in a given range, and colors them based on the volume of that price.
Explanation:
First, we define the input "Length" as an integer. This will determine the number of bars back from the current bar to include in the range.
We then create two arrays: "price" and "vol." The "price" array will store all the unique prices in the given range, and the "vol" array will store the corresponding volumes for those prices.
Using a for loop, we iterate through the range of bars and check if the current close price is already included in the "price" array. If it is not, we add it to the array and also add the corresponding volume to the "vol" array. If it is already included, we find the index of that price in the "price" array and add the current volume to the volume stored at that index in the "vol" array.
After the for loop, we find the maximum volume in the "vol" array and use that to find the corresponding price in the "price" array. This will be the price at which we draw the horizontal line.
We then create an array of lines called "lines" and, using another for loop, we iterate through the "price" array and add a line to the "lines" array for each price. The color of each line is determined by the volume of that price, using a color gradient from blue (lowest volume) to red (highest volume).
Finally, we use an if statement to check if the current bar is the last bar in the chart, and if it is, we use another for loop to iterate through the "lines" array and delete all the lines. This is to prevent the lines from being carried over to the next bar and potentially being plotted multiple times.
Conclusion:
This script can be useful for visualizing the price levels with the highest volume in a given range, as well as seeing how volume is distributed among different price levels. It can be helpful for identifying areas of significant buying or selling pressure.
Volume Profile Volume Delta OI Delta [Kioseff Trading]Hello!
This script serves to distinguish volume delta for any asset and open interest delta for Binance perpetual futures.
The image above provides further explanation of functionality and color correspondence.
The image above shows the indicator calculating volume at each tick level and displaying the metric.
The label color outline (neon effect) is configurable; the image above is absent the feature.
The image above shows Open Interest (OI) Delta calculated - similar to how the script calculates volume delta - for a Binance Perpetual Future pair.
This feature only works for Binance Futures pairs; the script will not load when trying to calculate OI Delta on other assets.
Additionally, a heatmap is displayable should you configure the indicator to calculate it.
The image above shows a heatmap using volume delta calculations.
The image above shows a heatmap using OI delta calculations.
Of course, these calculations - when absent requisite data - require some assumptions to better replicate calculations with access to requisite data.
The indicator assumes a 60/40 split when a tick level is traded at and only one metric - "buy volume" or "sell volume" is recorded. This means there shouldn't be any levels recorded where "buy volume" is greater than 0 and "sell volume" equals 0 and vice versa. While this assumption was performed arbitrarily, it may help better replicate volume delta and OI delta calculations seen on other charting platforms.
This option is configurable; you can select to have the script not assume a 60/40 split and instead record volume "as is" at the corresponding tick level.
The script also divides volume and open interest if a one-minute bar violates multiple tick levels. The volume or open interest generated on the one-minute bar will be divided by the number of tick levels it exceeds. The results are, subsequently, appended to the violated tick levels.
Further, the script can be set to recalculate after a user-defined time threshold is exceeded. You can also define the percentage or tick distance between levels.
Also, it'd be great if this indicator can nicely replicate volume delta indicators on other charting platforms. If you've any ideas on how price action can be used to better assume volume at the corresponding price area please let me know!
Thank you (:
Volume Surge indicatorThis indicator highlight candles when Volume surge "X" times in compare of last "n" candle.
It helps you to find moments of market which Volatility and Position volumes raise significantly.
In other words, It shows footstep of "Big Banks" or "Whales" or other Giants ;)
- default value highlight candles when Volume is 2 time more than average of last 30 candle. But you can modify both values in your favor.
* You can set Alarm for notifying in advance when Volume surge happened on any chart.
I hope you guys find it helpful and handy
Volume peak visualizerVery simple indicator to show how relatively large a volume is, in comparison to previous volumes. IMHO it's clearer than the default version.
Volume SpikeThis script identifies volume spikes as a percentage change of the current bar's volume compared to the previous 3 bars' average volume.
Volume Equilibrium Overlay(2 of 2)This is an overlay for a prior script I've created: Volume Equilibrium.
To sum it up in a brief manner, this script plots when there is "volume-equilibrium" aka prices that the market may see as "fair-value" relative to the specified timeframe. This script provides what my last code lacked and that is a visual representation of critical prices.
The arrows beside the indications indicate the direction that the buying/selling volume was heading towards.
UP ARROW - indicates that equilibrium was had via increasing buy volume
DOWN ARROW - indicates that equilibrium was had via decreasing buy volume
Remember, this doesn't inherently mean that a stock is supposed to go up or down. Its just a representation of 'fair-value' points using volume. Also remember... both indicators provide what the other lacks. It isn't necessary to use both but for a broad overview of volume it definitely helps to at least be aware of how this information can be represented. Perhaps... consider switching between the two to see what you may be missing.
I believe finding 'fair-value' points via volume and price action provides a more objective way to measure what prices one should look at rather then arbitrary lines plotted on a chart. For more information feel welcome to look at the script that this code is based off of.
Volume Indıcator [JP & Dia]The volume indicator refers to the total amount of a financial instrument that has been traded within a specific time frame. This can include shares, contracts, or lots. Market exchanges track and provide this data. The volume indicator is one of the oldest and most widely used indicators in trading. It is typically represented by colored columns, with green indicating up volume and red indicating down volume, along with a moving average. Unlike other indicators, the volume indicator is not based on price. A high volume suggests a strong interest in a particular instrument at its current price, while a low volume suggests the opposite.
When there is a sudden increase in trading volume, it indicates a higher likelihood of the price changing. This often occurs during news events. Strong trending movements are often accompanied by increased trading volume, which can be seen as a measure of strength. Traders would typically expect to see high buying volume at a support level and high selling volume at a resistance level. There are various ways to incorporate volume into a trading strategy, and many traders combine it with other analysis techniques.
USECASE :
Timeframe Selection: Choose the timeframe for which you want to analyze the volume.
Volume Display Options: Toggle the display of today’s, yesterday’s, and the day before yesterday’s volume data.
Text Color: Select the color for the text in the volume table.
Volume Data Retrieval: The script fetches volume data for the selected timeframe and the daily volume for the current and previous two days.
Percentage Change Calculation: Calculates the percentage change in volume between days to identify significant increases or decreases.
Volume Table: A table is created to display the volume data and percentage changes, updating in real-time with each new bar.
Volume Surge Analysis [UAlgo]The "Volume Surge Analysis " indicator is designed to detect significant volume surges in the market. By analyzing volume relative to its moving average and incorporating a comparison of the true range of price movements, this script highlights potential bullish and bearish volume spikes. Traders can utilize these signals to identify moments of heightened market activity that may indicate strong buying or selling pressure.
🔶Features
Volume Multiplier: Customizable setting to define the threshold for what constitutes a volume surge.
Volume SMA Length: Adjustable length for the Simple Moving Average (SMA) of volume.
Price Movement Analysis
Enhances the volume analysis by adding an additional layer of context, helping to confirm whether a volume surge is associated with buying or selling pressure.
True Range Calculation: Measures the range of price movement to understand volatility.
Positive Movement (DM+): Calculated when the current high minus the previous high is greater than the previous low minus the current low. This helps identify strong upward movements.
Negative Movement (DM-): Calculated when the previous low minus the current low is greater than the current high minus the previous high. This helps identify strong downward movements.
Integration with Volume Analysis: By combining the volume analysis with price movement analysis, the script can more accurately determine whether a volume surge is likely driven by bullish or bearish sentiment. This integration helps filter out false signals and provides more reliable indications of market activity.
Median Volume Comparison: Compares the current volume against the median volume multiplied by the volume multiplier to identify significant volume spikes.
Bullish and Bearish Surge Signals: Plots circles above or below bars where significant volume surges occur, indicating potential bullish or bearish movements.
Color Customization: Options to set specific colors for bullish and bearish signals to enhance visual clarity.
Bar Coloring: Optional feature to change the color of bars based on detected volume surges.
Alerts: Configurable alerts for bullish and bearish volume spikes to notify traders in real-time.
🔶Interpretation:
Bullish Volume Surges ( Teal Circles ): These circles appear above the bar when the current volume exceeds the median volume by the specified Volume Multiplier, and the smoothed Positive Directional Index (PDI) is greater than the smoothed Negative Directional Index (NDI). This suggests a potential uptrend with strong buying pressure.
Bearish Volume Surges ( Red Circles ): These circles appear below the bar when the current volume exceeds the median volume by the specified Volume Multiplier, and the smoothed NDI is greater than the smoothed PDI. This suggests a potential downtrend with strong selling pressure.
Overall, the "Volume Surge Analysis " indicator serves as a valuable tool for traders seeking to identify potential trend reversals or strong continuations based on with an above-average rise in volume and directional momentum.
🔶Disclaimer
This indicator is intended for informational and educational purposes only and should not be construed as financial or investment advice. Trading involves substantial risk, and it is essential to conduct your own research and consult with a qualified financial advisor before making any trading decisions.
Volume HeatMap With Profile [ChartPrime]The Volume Heatmap with Profile indicator is a tool designed to provide traders with a comprehensive view of market activity through customizable visualizations. This indicator goes beyond traditional volume analysis by offering a range of adjustable parameters and features that enhance analysis of volume and give a cleaner experience when analyzing it.
To get started click the start and end time for the profile.
Key Features:
Extended Calculation: This indicator extends its calculation to the last bar, ensuring that the user has insights into current market dynamics.
Point of Control (POC): Easily identify the price level at which the highest trading activity has occurred, helping the user pinpoint potential reversal points and significant support/resistance zones.
VWAP Point of Control: Display the Volume Weighted Average Price (VWAP) Point of Control, giving the user a clear reference for determining the average price traders are paying and potential price reversals.
Adjustable Colors for Heatmap: Change the heatmap colors to the users preference, allowing the user to match the indicator's appearance to their chart style and personal visual preferences.
Forecasted Zone: This feature allows traders to forecast areas of high activity by providing the option to adjust colors within this zone. This feature assists in identifying potential breakouts or areas where increased trading volume is anticipated.
Volume Profile: Customize the colors of the volume profile to make it distinct and easily distinguishable on the chart.
Adjustable Volume Levels: Specify the number volume levels that are most relevant to your trading strategy.
Adjustable Placement for Volume Profile: Position the volume profile on the chart. Whether the user prefers it on the left, right, or at the center of the chart, this indicator offers placement flexibility.
The ratio of bull vs bear volume is plotted on the outside of the range indicating how bullish or bearish price action is in a given range.
Volume Trend MeterSweet little indicator which measures volume pressure over a specific period of time.
i call it Volume Trend Meter, or just VTM,
The indicator sums up all green candles volume and red candles volumes over a specific period of bars (you set in settings) and plots their values.
Use this indicator to identify increasing volume with the green candles (close higher than open) and increasing volume of the red candles (close is lower than open).
======= Calculation ==========
For Green Column: Total volume of green candles is higher than total red candles volume.
For Red Column: Total volume of red candles is higher than total green candles volume.
======= Volume Trend Meter Colors =======
Green: Increasing buying pressure.
Red: Increasing selling pressure.
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Volume on bar VSA - signal V2Google translate.
This indicator marks bars on the chart with high and medium volumes. The direction of the effort depends on whether the tail is on the bar, bullish or bearish.
In the settings you can set (sensitivity) for tinting volumes of high and medium
This indicator highlights volumes just like here
Этот индикатор помечает бары на графике с повышенными и средними объемами. Направление усилия зависимости от того какой хвост на баре, бычий или медвежий.
В настройках можно задать (чувствительность) для подкрашивания объемов повышенных и средних.
Этот индикатор выделяет объемы точно также как
Volumes on CandleThis script uses standard deviation of volume from the mean to color the candles.
IMPORTANT: Hide original candle, clicking in the "eye" near title.
I prefer use large Length input for more stability at mean and standard deviation values.
Uses 5 colors, by default:
Red = Volume >= 4 stdev;
Orange = 4 stdev > Volume >= 2.5 stdev;
Yellow = 2.5 stdev > Volume >= 1 stdev;
White = 1 stdev > Volume >= -0.5 stdev;
Aqua = -0.5 stdev > Volume.
I coded another script, called "Colored Volumes Histogram". It uses the same idea, but color directly the volume histogram.
Volume Delta DashboardHow It Works:
This script creates a Volume Delta Dashboard on TradingView, which helps traders visualize the balance between buying and selling volume (Volume Delta) directly on the chart. Here's a breakdown of the key components:
Volume Delta Calculation:
The script calculates the Volume Delta by comparing the volume of bars where the price closed higher (buying pressure) to those where the price closed lower (selling pressure).
Positive Volume Delta (green background) indicates more buying activity than selling, suggesting upward price movement. Negative Volume Delta (red background) indicates more selling than buying, signaling a potential downward move.
Smoothing with EMA:
To make the volume delta trend smoother and more consistent, an Exponential Moving Average (EMA) of the Volume Delta is used. This helps to reduce noise and highlight the prevailing buying or selling pressure over a 14-period.
Dynamic Position Selection:
The user can choose where the Volume Delta dashboard table will appear on the chart by selecting a position: top-left, top-right, bottom-left, or bottom-right. This makes the indicator adaptable to different chart setups.
Coloring:
The background of the table changes color based on the value of the Volume Delta. Green indicates a positive delta (more buyers), and Red indicates a negative delta (more sellers).
Use of This Strategy:
This Volume Delta Dashboard strategy is particularly useful for traders who want to:
Monitor Market Sentiment:
By observing the volume delta, traders can get a sense of whether there is more buying or selling pressure in the market. Positive volume delta can indicate a bullish sentiment, while negative delta can point to bearish sentiment.
Confirm Price Action:
The Volume Delta can be used alongside price action to confirm the strength of a price move. For example, if the price is moving up and the volume delta is positive, it suggests that the price increase is supported by buying pressure.
Identify Divergences:
Volume delta can help traders spot divergences between price and volume. For example, if the price is moving higher but the volume delta is negative, it may suggest a weakening trend and a potential reversal.
Optimize Entry/Exit Points:
By understanding the relationship between price movement and volume, traders can make more informed decisions about entering or exiting positions. For instance, a sudden increase in buying volume (positive delta) may indicate a good entry point for a long position.
Overall, the Volume Delta Dashboard can serve as a powerful tool for improving decision-making, by providing real-time insights into market dynamics and trading sentiment.
Volume PressureDraws the candle chart with colors to represent low, medium and high volumes. You get 3 colors for downward and 3 colors for upward movement. This will aid with immediately seeing the relative volume pushing the stock candle in the direction of movement.
You can control the percentage threshold for low and high volume. You also can change the colors to represent each volume level for upward and downward movement.
