█ MY Aggregated Volume BTC SPOT This indicator shows a panel to display the Bitcoin Trading Volume of different exchanges. A lot of traders follow the default volume indicator provided by tradingview. This default indicator shows the volume for the current ticker (example BTCUSD:BITSTAMP), but each exchange has its own volume. In a matter of visibility and accessibility, I've decided to aggregate the volume of almost all the Bitcoin exchanges (tickers) in tradingview. Some have been commented out (Kucoin, FTX) due to high volume data which was hiding the other ones. This indicator helps identifying decreasing volume, where the volume comes from (spot or derivatives). A decreasing SPOT volume isn't a good sign as it shows a decrease in the buying pressure.
The panel has 1 main configuration : Display mode, showing Aggregated (all exchanges in one bar) or Difference (Stacked bar) The other configuration Legend Item Gap and Legend X Gap is for when the difference mode is selected. It affects the position of the legend. Some might have smaller screens, bigger screens, viewport zoomed in etc.
Due to the number of exchanges, and pinescript limitations, I had to split the volume in 2 indicators, the SPOT volume, and the DERIVATIVES volume. The script in this page is specific to the SPOT volume. For the DERIVATIVES, please refer to my other available script.
Exchange list :
// BINANCE:BTCUSD
// BINANCE:BTCUSDT
// BINANCE:BTCEUR
// COINBASE:BTCUSD
// COINBASE:BTCUSDT
// COINBASE:BTCEUR
// KRAKEN:XBTUSD
// KRAKEN:XBTUSDT
// KRAKEN:XBTEUR
// BITFINEX:BTCUSD
// BITFINEX:BTCEUR
// HUOBI:BTCUSDT
// HUOBI:BTCUSDC
// OKEX:BTCUSDT
// FTX:BTCUSD DISABLED FOR NOW, TO MUCH VOLUME
// FTX:BTCUSDT DISABLED FOR NOW, TO MUCH VOLUME
// KUCOIN:BTCUSDT DISABLED FOR NOW, TO MUCH VOLUME
// KUCOIN:BTCUSDC DISABLED FOR NOW, TO MUCH VOLUME
Good effort ! but this looks like volume tick chart, doesn't show exact volume right? correct me if am wrong.!
PineCoders
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This publication is now featured in our Editors' Picks: tradingview.com/scripts/editors-picks/ .
In the name of all TradingViewers, thank you for your valuable contribution to the community, and congrats!
Thlem
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@PineCoders, wow thank you <3. Glad my contribution helps !
ironmaiden1541
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This is an awesome chart.
ICEKI
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This is so cool bro!
Although, I don't understand how it work, but I can see you put a lot of effort into it, look so nice anyway <3
Congrats for the Editor's Picks; keep it up mate
Thlem
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@ICEKI, Thanks, what don't you understand ? Note that this script is specific to bitcoin. By adding the indicator to your chart it will create a new panel with, by default, the aggregated volume of all exchanges. You can change the config to difference mode in the config panel to have the stacked chart.
Actually I don't understand is in order to know with this aggregated volume can enhanced and get some advantage as like as trading stock combine with volume etc...
Thlem
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@ICEKI, if you can explain a bit more about "trading stock combine with volume", I don't understand what you mean. If it is possible and doesn't mess with the initial idea i'll be happy to enhance the indicator.
ICEKI
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@Thlem, definitely. Like some newbie, when they look at the chart, they just mostly focus on the price action only, bullish/bearish candle, higher higher lower lower, and double top and bottom etc... but they don't or rarely analysis with the trading VOLUME at the bottom panel. Example like, if the candlestick is bullish engulfing but the trading volume is lower than yesterday close, I will not get into a trade at this point, because of the divergence of the volume, or in others words I will said there not enough power to lift up the market in the coming day, it could potentially will turn to downside.