The "Volume inspector" is designed to provide a deep dive into the volume dynamics within a given larger timeframe by dissecting the positive and negative volume of candles from a lower timeframe. This analysis helps in understanding how the volume within a single candle is composed, whether it leans towards buying or selling pressure. The indicator sums up the...
As a member of the K1m6a Lions discussion community we often use versions of the Cumulative Volume Delta indicator as one of our primary tools along with RSI, RSI Divergences, Open interest, Volume Profile, TPO and Fibonacci levels. We also discuss visual interpretations of CVD Divergences across multiple time frames much like RSI divergences. RSI Divergences...
Introduction: The Trend Scope presents a cutting-edge approach to technical analysis, offering traders a distinctive perspective on market momentum through dynamic visualization. This innovative indicator harmoniously blends the momentum-based Rate of Change (RoC) with the smoothing precision of a Butterworth filter and the clarity of a Fisher Transform, all...
The "VWAP CURRENT YESTERDAY" is a Pine Script designed for TradingView that automatically calculates and plots the Volume Weighted Average Price (VWAP) for the current day, the previous day. Dynamic VWAP Calculation: Automatically generates VWAPs for 1 day and 2 day. User-Friendly Customization: Through input options, users can easily toggle the...
Components Description: Relative Strength Index (RSI): Purpose: Measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. Implementation: The script allows users to set the length of the RSI calculation and defines overbought and oversold levels, which can be visually represented on the...
💎 GENERAL OVERVIEW The relative volume indicator aims to improve upon the default existing relative volume indicator by comparing volumes between previous trading sessions rather than previous candles. As such, it works best on lower time frames as there is more data to compare with. The purpose of the indicator is to show how the current bar’s volume compares to...
The Supertrend Volume Oscillator is an innovative tool that integrates volume analysis with the established Supertrend indicator to offer a unique perspective on market conditions. By comparing directional volume against the aggregate volume over a designated lookback period, this oscillator adeptly signals overbought and oversold states through a volume-weighted...
Overview RVOL++ is a valuable tool for intraday traders to gauge market participation and anticipate the pace of the market. By understanding the RVOL levels, traders can adjust their strategies and expectations to align with the current market conditions. RVOL is a simple mathematical formula that compares the current volume to a prior lookback period, such...
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...
Concept Collaboration Highlight: This was a collaboration with @Chart_School and @KioseffTrading Thank you to both, along with Ricardo Santos for his awesome library we used. Overview See how you view different time frame charts with one indicator and little to no adjustment. Innovation: The concept of using Anchored VWAP (AVWAP) with time events is a...
I created the Volume Flow Oscillator (VFO) to explore the intricate interplay between volume and price movements over a specific lookback period. This tool contrasts volumes that move in sync with the price against those that move in opposition, signaling potential overbought or oversold territories. To determine the direction, I compare the current price to its...
Hello dear traders, Today we're discussing an indicator I've coded: the Volume Spike Indicator (VSI). The indicator isn't a groundbreaking invention and certainly not a novelty. Nevertheless, I haven't seen this version of the indicator on TradingView before, so I'd like to introduce it. 1. The Origin of the Idea: We're all familiar with volume charts: A...
Moving Averages (MA): Two moving averages are plotted on the chart: a fast MA (blue line) and a slow MA (red line). The fast MA is calculated using a shorter period (10 periods by default), while the slow MA is calculated using a longer period (30 periods by default). Moving averages help identify trends by smoothing out price fluctuations. When the fast MA...
This indicator, named "Effort Versus Results" (CCB), is designed to visually highlight price bars on a TradingView chart based on user-defined criteria. The purpose of this indicator is to identify potential trading opportunities or signal areas of interest for further analysis. Once the inputs are specified, the indicator calculates the ratio of the first ATR to...
VWAP Bands Integrates VWAP with standard deviation bands to provide traders with insights into potential support and resistance levels based on volume dynamics. VWAP is a key metric used by institutional traders to gauge the average price a security has traded at throughout the trading day, taking into account both price and volume. This script calculates the...
Fusion Traders - RSI Overbought/Oversold + Divergence Indicator - new version This indicator has lots of various add ons. RSI overbought / oversold with changeable inputs Divergence indicator DESCRIPTION: This script combines the Relative Strength Index ( RSI ), Moving Average and Divergence indicator to make a better decision when to enter or exit a trade. -...
This script considers the total volume within a user specified time frame, and whether price closed higher or lower at the end of each period within that time frame. EXAMPLE: * If the time period of interest is 50-periods, the script considers the volume within each of those 50 periods beginning with the most recent closed period. * SumUpVol = the sum of all...
The "Liquidity Levels" indicator on TradingView is designed to identify and highlight liquidity levels in the market. This indicator is based on pivot highs and lows with an adjustable offset to adjust the importance and length of the identified levels. The strength of this indicator lies in its ability to highlight changes in liquidity levels, which can be...