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Relativevolume

True Relative VolumeRelative Volume shows traders how "in-play" a current stonk is. Works great for day traders and scalpers! Volume of Current TimeFrame's ratio to the average volume over X days back on the same time frame. ie . z = Volume at 0930-0940am over X days period divided by X rVol = current volume divided by z Dots at the bottom to indicate candles whose RVOL is morethan set minimum ratio. Yes, its only 5 and 10 minutes. Might do calculations for other timeframes if this gets a good following. Only works on US market session. 0930am to 0400pm EST. Play Strategies : - on break of support/resistance, if rvol supports action, ride direction of price action. - look for in-play names, wait for price action to return to support/resistance area on low volume then revisit if a bounce on the support/resistance line is supported by rVol again. REMINDER!!! This works only on 5 and 10 minutes TF. Dont forget to change your chart's timeframes. This script will calculate erroneously if timeframe set on script and chart's current time frame are different. Works even if extended market is enabled on your charts. It only looks at 0930 - 1600 EST bars. Enjoy! Would love to hear your thoughts.
Indicador Pine Script®
por WooHooTrades
4
Relative Volume (rVol), Better Volume, Average Volume ComparisonThis is the best version of relative volume you can find a claim which is based on the logical soundness of its calculation. I have amalgamated various volume analysis into one synergistic script. I wasn't going to opensource it. But, as one of the lucky few winners of TradingClue 2. I felt obligated to give something back to the community. Relative volume traditionally compares current volume to prior bar volume or SMA of volume. This has drawbacks. The question of relative volume is "Volume relative to what?" In the traditional scripts you'll find it displays current volume relative to the last number of bars. But, is that the best way to compare volume. On a daily chart, possibly. On a daily chart this can work because your units of time are uniform. Each day represents a full cycle of volume. However, on an intraday chart? Not so much. Example: If you have a lookback of 9 on an hourly chart in a 24 hour market, you are then comparing the average volume from Midnight - 9 AM to the 9 AM volume. What do you think you'll find? Well at 9:30 when NY exchanges open the volume should be consistently and predictably higher. But though rVol is high relative to the lookback period, its actually just average or maybe even below average compared to prior NY session opens. But prior NY session opens are not included in the lookback and thus ignored. This problem is the most visibly noticed when looking at the volume on a CME futures chart or some equivalent. In a 24 hour market, such as crypto, there are website's like skew can show you the volume disparity from time of day. This led me to believe that the traditional rVol calculation was insufficient. A better way to calculate it would be to compare the 9:30 am 30m bar today to the last week's worth of 9:30 am 30m bars. Then I could know whether today's volume at 9:30 am today is high or low based on prior 9:30 am bars. This seems to be a superior method on an intraday basis and is clearly superior in markets with irregular volume This led me to other problems, such as markets that are open for less than 24 hours and holiday hours on traditional market exchanges. How can I know that the script is accurately looking at the correct prior relevant bars. I've created and/or adapted solutions to all those problems and these calculations and code snippets thus have value that extend beyond this rVol script for other pinecoders. The Script This rVol script looks back at the bars of the same time period on the viewing timeframe. So, as we said, the last 9:30 bars. Averages those, then divides the: . The result is a percentage expressed as x.xxx. Thus 1.0 mean current volume is equal to average volume. Below 1.0 is below the average and above 1.0 is above the average. This information can be viewed on its own. But there are more levels of analysis added to it. Above the bars are signals that correlate to the "Better Volume Indicator" developed by, I believe, the folks at emini-watch and originally adapted to pinescript by LazyBear. The interpretation of these symbols are in a table on the right of the indicator. The volume bars can also be colored. The color is defined by the relationship between the average of the rVol outputs and the current volume. The "Average rVol" so to speak. The color coding is also defined by a legend in the table on the right. These can be researched by you to determine how to best interpret these signals. I originally got these ideas and solid details on how to use the analysis from a fellow out there, PlanTheTrade. I hope you find some value in the code and in the information that the indicator presents. And I'd like to thank the TradingView team for producing the most innovative and user friendly charting package on the market. (p.s. Better Volume is provides better information with a longer lookback value than the default imo) Credit for certain code sections and ideas is due to: LazyBear - Better Volume Grimmolf (From GitHub) - Logic for Loop rVol R4Rocket - The idea for my rVol 1 calculation And I can't find the guy who had the idea for the multiples of volume to the average. Tag him if you know him Final Note: I'd like to leave a couple of clues of my own for fellow seekers of trading infamy. Indicators: indicators are like anemometers (The things that measure windspeed). People talk bad about them all the time because they're "lagging." Well, you can't tell what the windspeed is unless the wind is blowing. anemometers are lagging indicators of wind. But forecasters still rely on them. You would use an indicator, which I would define as a instrument of measure, to tell you the windspeed of the markets. Conversely, when people talk positively about indicators they say "This one is great and this one is terrible." This is like a farmer saying "Shovels are great, but rakes are horrible." There are certain tools that have certain functions and every good tool has a purpose for a specific job. So the next time someone shares their opinion with you about indicators. Just smile and nod, realizing one day they'll learn... hopefully before they go broke. How to forecast: Prediction is accomplished by analyzing the behavior of instruments of measure to aggregate data (using your anemometer). The data is then assembled into a predictive model based on the measurements observed (a trading system). That predictive model is tested against reality for it's veracity (backtesting). If the model is predictive, you can optimize your decision making by creating parameter sets around the prediction that are synergistic with the implications of the prediction (risk, stop loss, target, scaling, pyramiding etc). <3
Indicador Pine Script®
por kurtsmock
71
[KL] Relative Volume + ATR StrategyThis strategy will enter into long position when (a) current volume is above the average volume, and when (b) volatility of prices (based on ATR) is relatively low. Backtested on hourly timeframes, win rates range between 35% to 50% on stocks with positive drifts (i.e. tendency to move upwards). Default setups are as follows: - Average volume is computed using simple moving average (sma) of 14 periods. By default, 1.4x ratio seems to work well on most large cap stocks. If it's too high, then amount of potential points for entry will decrease. But if it's too low, then this indicator becomes meaningless. - ATR (for determining volatility), look back period is 14 (following conventions). I have noticed that the profits could change drastically when changed to different values for each individually security. Feel free to experiment around with this parameter. Other information: This strategy is based off of one of my previous scripts; a script called "Relatively Volume Strategy". The objective of this new script is to simplify the process of determining periods of low volatility. In this new script, we assume prices are consolidating when current ATR is within its moving average value by +/- one standard deviation.
Estratégia Pine Script®
por DojiEmoji
3
Relative Volume Bars / Moving AverageThis indicator is highly experimental and settings are meant to be adapted to your time frame and asset of choice. This indicator is a moving average that focuses on relative volume instead of all volume. It only factors in prices of candles that are meeting your relative volume input. The multipliers can be used to smooth your average towards buy side or sell side or keep them the same. I have also added in averages for buy side only and sell side only, these are highly experimental and turned off by default. Feel free to play with them. This indicator is free to all Oasis Trading Group Members. For Access or Questions Please Private Message Us, Thank you.
Indicador Pine Script®
por OasisTrading
1
Relative Volume Pro - Realtime Volume FlowRelative volume compares the volume at a specific time in the trading day versus the prior volume at the same time of day over a specified range. This is an ideal way to gauge if there is significant volume driving a price move, either up or down. What's Unique About this Relative Volume Indicator? Many relative volume indicators simply divide the current volume by the average volume. Unfortunately, this calculation is not an accurate gauge of volume at a specific point in time and it will not account for typical spikes in volume that occur early and late in the day. This indicator calculates relative volume on an intraday chart, looking at the volume for each bar in the current timeframe, over a range of days that is configured in Settings. For example, if the preferred lookback is set to 50 and you are on a 5-minute chart at 1:00pm, the indicator will determine the average of cumulative volume traded up to 1:00pm on each 5-minute bar, over the past 50 days. The result is an accurate representation of the "true" volume for a specific time in the day. Relative Volume as Percentage or Ratio Relative volume can be shown as a percentage change, a ratio or both. The calculations are the same, it's more about your preference. For example, if a stock has traded 1M shares at 10:00am, yet the average over the past 50 days at 10:00am is 500k shares, the percentage increase is 100% and the ratio would be 2.0. Intraday Charts To accurately determine volume at a specific point during the trading day, as compared to the average at that same time of day, calculations need to be done on an intraday chart. This is your go-to chart to gauge realtime volume flow. Daily, Weekly and Monthly Charts Relative volume data is also shown on daily, weekly and monthly charts, however, it's important to note these values are based on the close of the respective timeframe. Acknowledgement Many thanks to @LucF and @e2e4mfck for their excellent open source indicator, Relative Volume at Time, for TradingView. If you are interested to learn more about the details of relative volume, this is the definitive resource.
Indicador Pine Script®
por JohnMuchow
94
SVA - Simple Volume Analyzer, by BlueJayBird [bjb] ENGLISH & SPANISH ------------------------------------- ENSLIGH The idea was initially inspired in the concepts shared by @LazyBear on his indicator "Better Volume Indicator" (). But I found it somewhat complicated and dull. So I came up with this. Concept: It changes the color of volume bars based on surrounding volume changes. Volume changes are plotted as volume MAs lines in the volume pane. Whenever the volume is higher than these MAs, the bar changes color. For this reason, the bar color change is RELATIVE TO the surroundings, because the color change depends on how far the MA has been extended due to sudden (or not) changes in the volume. BAR COLORS: Weak Green and Red: Low volume. The calm before or after the storm. Normal Green and Red: Mid volume. Still low volume, you may get bored. Yellow: High volume. Players are playing hard and harder. White: Ultra-High Volume. The elephants stepped in. NOTES: SVA works better at lower timeframes. Though as far as I can tell, it works pretty well as far as 1D timeframe. ------------------------------------- SPANISH La idea estuvo inicialmente inspirada en los conceptos expuestos por @LazyBear en su indicador "Better Volume Indicator" (). Pero lo encontré un poco complicado y falto de claridad. Así que me inventé este. Conceptp: Cambia el color de las barras basándose en los últimos cambios de volumen. Los cambios de volumen son ploteados como lineas de medias móviles (MAs, es decir "Moving Averages") en la sección del volumen (chart pane). En cualquier momento que el volumen es mayor que estos MAs, el color de las barras cambia. Por esta razon, el cambio de color de las barras es RELATIVO a lo que está sucediendo alrededor, ya que el cambio de color depende de qué tan lejos el MA se haya extendido por causa de los últimos cambios (o no) de volumen. BAR COLORS: Verde y rojo apagados: Volumen bajo (Low Volume). La calma antes de la tormenta. Verde y rojo normales: Volumen medio (Mid volume). Volumen todavía bajo. Es posible que te aburras. Amarillo: Volumen alto (High Volume). Los jugadores están jugando duro. Blanco: Volumen ultra-alto (Ultra-High Volume). Los elefantes entran a la cancha. NOTAS: SVA funciona mejor en temporalidades menores. Pero por lo que he visto, funciona bien hasta la temporalidad de 1D.
Indicador Pine Script®
por BlueJayBird
17
[KL] Relative Volume StrategyThis strategy will Long when: Confirmation #1: when volume is relatively high Confirmation #2: during periods of price consolidation (See ) It exits when either (a) stop loss limit is reached, or when (b) price actions suggest trend is bearish. Measuring price volatility to assume consolidation: 
 For each candlestick, we quantify price volatility by referring to the value of standard deviations (2x) of closing prices over a look-back period of 20 candles. This is exactly what the Bollinger Band (“BOLL”) indicates by default. Knowing the value of standard deviation (2x) of prices (aka the width of lower/upper BOLL bands), we then compare it with ATR (x2) over a user-defined length (can be configured in settings). Volatility is considered to be low, relatively, when the standard deviation (x2) of prices is less than ATR (2x).
Estratégia Pine Script®
por DojiEmoji
1
Relative Volume TableRelative Volume Table in percent. So 400% RVol means, today's volume is 4x compared to avg volume for the length you selected. 1. When chart resolution is Daily or Intraday (D, 4H, 1H, 5min, etc), Relative Volume shows value based on DAILY. 2. When resolution is changed to Weekly or Monthly, then Relative Volume shows corresponding value. i.e. Weekly shows weekly relative volume of this week compared to past 'N' weeks. Likewise for Monthly. You would see change in label name. Like, Weekly chart shows W_RVol (Weekly Relative Volume). Likewise, Daily & Intraday shows D_RVol. Monthly shows M_RVol (Monthly Relative Volume). 3. Added a plot (by default hidden) for this specific reason: When you move the cursor to focus specific candle, then Indicator Value displays relative volume of that specific candle. This applies to Intraday as well. So if you're in 1HR chart and move the cursor to a specific candle, Indicator Value shows relative volume for that specific candlestick bar. Hope you find this useful.
Indicador Pine Script®
por sskcharts
4
Comparison Chart with Relative Volume Gradient CandlesThis indicator provides a way to use Relative Volume Gradient Paintbars on an alternate/comparison symbol while still looking at your main charted symbol. For instance, this allows you to plot the ES1! or SPY or QQQ above/below your charted symbol, and see its current Relative Volume signal, and compare that to the your currently-charted individual stock symbol, etc., and while keeping the candles from both symbols all lined up perfectly. It also provides 4 different custom MAs which can be applied to the comparison symbol. The idea here is that you can potentially use my other indicator, Relative Volume Gradient Paintbars, on the primary symbol to evaluate that chart, while using this particular indicator to quickly analyze the same Relative Volume data on a comparison market symbol such as the SPY or QQQ without having to switch charted symbols. You can also quickly compare price action and location relative to familiar moving averages to quickly gauge relative strength of the stock vs. the market symbol.
Indicador Pine Script®
por easycators
1
RSI , Money Flow Index, Anormal Relative Volume 3in1 indicator RSI , Money Flow Index and Anormal Relative Volume indicator. How the indicator works ? You have dot's on the top to show you the anormal relative volumes (you can adjust it with the treshold), you have a classical RSI cloud wich give you an quick opinion about the trend momemtum strengh, and the bar on bottom gives you a quick hint on the actual moneyflow stream. Inputs that you can setup : - Source - RSI Lenght - Neutral level - Overbought value - Oversold value - MFI Lengh - RV length - RV Period - RV Treshold - RV smoothing value - RV Breakout Based on !!!!!!!!!!!!!!!!!!!!!!!!!! Remember, an oversold RSI doesn't mean you should BUY an asset, it means the momentum is week on the bull side, the same but opposit for Overbought ;) !!!!!!!!!!!!!!!!!!!!!!!!! Relative anormal volumes are a good hint on something is happening on an asset, remember, dont put the treshold too low, i recommended min value on 1.25 for stocks, min value 1.5/1.8 for crypto-currencies. !!!!!!!!!!!!!!!!!!!!!!!!! Have fun !
Indicador Pine Script®
por Socrate_FR
5
Greed and Fear ScoreHi All, This is Greed and Fear Score script. The uses of this indicator is to let users know what is the state for each bar closed. Warren Buffett once said that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful. Greed & Fear Score (range from 1 - 5) has taken multiple measurements into consideration such as CCI, MFI, RSI, RVI and William %R. The range of score is from 1 - 5 indicating weak to strong. Red/Yellow represents Greed score. Blue/Light Blue represents Fear score. The Bull & Bear Transition Score (range from 1 - 10) is to measure how strong power needed to reverse the Greed or Fear State. It is a powerful tool that incorporates CMF, MFI, CCI, MOMENTUM, OBV, RSI, RVI, WILLIAN %R, PRICE OSCILLATOR and Relative Volume. How to use Bull & Bear Transition Score? The higher the Bull & Bear Score, the more likely it will change from one state to another. How to find BEST opportunity? Here comes the special symbol. User can choose best fit combination by using filtering.
Indicador Pine Script®
por Joejo207
10
Volume Correlation Indicator [Fournier-Eaton]This script combines two correlation indicators into one: Volume Oscillator Correlation Price Correlation Rationale : This script is predicated on the following premise: we rely often on price correlation. However, we overlook volume-volume correlation too often. The volumetric correlative decoupling of an equity and index or equity - equity can yield important information (and produce it as early or earlier than price-correlation). Mechanism : The primary component of this chart is the Volume Correlation Indicator (as red histogram). This is the correlation between the Volume Oscillator of current chart's symbol and the VO of your chosen comparison. Secondarily, the standard price correlation is also charted for added information in line format. Example : In the chart attached to this publication, note the following cases: Case 1: The price correlation with QQQ was increasing as earnings approached. However, the volume correlation with QQQ was clearly decoupled as earnings approached. Case 2: Contrastingly, other dips in price correlation can be found were volume correlations were behaving in tandem. Note1: This is the first in a series of volume correlation indicators. Please let me know if you find this useful.
Indicador Pine Script®
por BradfordFournier
OPINICUS VOLUME DATA - Time Of Day Relative Volume (RVOL)This tool calculates the relative volume (RVOL) based on the normal average volume at that particular time of day. Relative volume is a powerful piece of information because it offers a gauge as to whether a stock is in play or not. If RVOL is less than 1 it is not in play on this trading day or during this timeframe. If RVOL is above 2, it IS in play and can potentially be traded. This script allows you to determine if relative volume is average, above average, 2x, or 3x via different color volume bars, at that particular time of day. There are 2 different settings on this volume indicator. The first setting is "Gradient." This is the preferred setting, and the one I personally use. Gradient is going to show you different color volume bars based on the RVOL multiple. The color scheme is as follows: Gray for average volume Red if RVOL is between 1.0 and 1.5 Orange if RVOL is between 1.5 and 2 Green if RVOL is between 2.0 and 3.0 Lime green (bright green) if RVOL is greater than 3. The second setting is "Price." This setting simply shows you the color of the candlestick. This is useful if you find the gradient setting to be too distracting, but still want to see if there is increased relative volume. There is an alerts setting, which I find to be useful but can also be very distracting. If you leave the "Alert At RVOL %" setting at 0, then alerts will only be triggered if the current candle exceeds the 1.0 (100%) RVOL level. This happens far too frequently, so I prefer to put the alert at 2 or 3. If you change the "Alert At RVOL %" setting then alerts will be triggered if the RVOL percentage (blue number) exceeds your given value. The blue number is a percentage of the average, so if it’s at 1, then it’s 100% of the average. Note: This tool does not work if you have after-hours or pre-market data displayed. The preferred setting for this tool is the 15' chart, with a 21 day look back period. It is also very useful on the daily chart when doing higher timeframe research.
Indicador Pine Script®
por OpinicusTrades
1
Freedom of MovementFreedom of Movement Indicator --------------------------------------------------------- In “Evidence-Based Support & Resistance” article, author Melvin Dickover introduces two new indicators to help traders note support and resistance areas by identifying supply and demand pools. Here you can find the support-resistance technical indicator called "Freedom of Movement". The indicator takes into account price-volume behavior in order to detect points where movement of price is suddenly restricted, the possible supply and demand pools. These points are also marked by Defended Price Lines (DPLs). DPLs are horizontal lines that run across the chart at levels defined by following conditions: * Overlapping bars: If the indicator spike (i.e., indicator is above 2.0 or a custom value) corresponds to a price bar overlapping the previous one, the previous close can be used as the DPL value. * Very large bars: If the indicator spike corresponds to a price bar of a large size, use its close price as the DPL value. * Gapping bars: If the indicator spike corresponds to a price bar gapping from the previous bar, the DPL value will depend on the gap size. Small gaps can be ignored: the author suggests using the previous close as the DPL value. When the gap is big, the close of the latter bar is used instead. * Clustering spikes: If the indicator spikes come in clusters, use the extreme close or open price of the bar corresponding to the last or next to last spike in cluster. DPLs can be used as support and resistance levels. In order confirm and refine them, FoM (Freedom of Movement) is used along with the Relative Volume Indicator (RVI), which you can find here: Clustering spikes provide the strongest DPLs while isolated spikes can be used to confirm and refine those provided by the RVI. Coincidence of spikes of the two indicator can be considered a sign of greater strength of the DPL. More info: S&C magazine, April 2014.
Indicador Pine Script®
por starbolt
8
Real Relative Volume - Bar Indicator - Time Adjusted - DE & ENEnglish version below Die richtige Aktie zu finden, ist nich immer einfach. Eine wichtige Variable bei der Aktienauswahl stellt das relative Volumen dar, welches von vielen erfolgreichen Tradern und Trading Firmen benutzt wird. Stell es Dir so vor: Statt sich das absolute Volumen anzuschauen, schauen wir uns die tatsächliche Stärke an. Wie viel Volumen wird also heute im Vergleich zu einem regulären Tag gehandelt. Dies gibt Aufschluss darüber, ob die Aktie "In-Play" ist. Merke: Ist das RVOL (Relative Volumen) erhöht, sind mehr Marktteilnehmer an dieser Aktie interessiert als üblich. Dies ist besonders dann wichtig, wenn die Marktrichtung und die Richtung der Aktie nicht übereinstimmen. Wenn der Markt steigt, steigen auch die meisten Aktien. Dies kann folglich auch ohne erhöhtes RVOL passieren. Was ist aber, wenn der Markt gegen uns geht? Dann werden wir schnell bei RVOL-schwachen Aktien ausgeschüttelt. Daher wollen wir unseren Fokus immer auf Aktien setzen, die ein erhöhtes relatives Volumen haben! Dies sind die Aktien, die gerade wirklich stark gehandelt werden und wahrscheinlich einen Katalysten dafür haben. Der Real Relative Volume - Bar Indicator zeigt Dir das aktuelle relative Volumen an. Unser Algo benutzt dabei das tatsächliche kumulative Volumen des aktuellen Tages zum jeweiligen (aktuellen) Zeitpunkt und vergleicht dieses mit dem historischen Durchschnittsvolumen zum gleichen Zeitpunkt. Damit bekommen wir ein korrektes Abbild der aktuellen Stärke. Mit Hilfe des Indikators können wir durch die farbliche Veränderung der Volumenbalken ebenfalls sehen, ob diese Stärke zunimmt, gleich bleibt, oder gegebenenfalls schnell and Power verliert. Im Gegensatz zu anderen Skripten nutzen wir eine fortschrittliche Methode, die aktuelle Position am Tag erkennt und damit nicht die Session in gleiche Teile teilt. Vorteil: Der Indikator funktioniert auch in Krypto, Forex, DE-Aktien, Indizes etc. Funktionen: Bitte ohne verlängerte Handelszeiten nutzen! Sessions Back: Verändert die Baseline, die Du mit dem heutigen Volumen vergleichst. Beispiel: 10 - Zur aktuellen Uhrzeit siehst Du das reale relative Volumen von heute in Relation zu den letzten 10 Sessions (zur gleichen Zeit). (*max 5000 Kerzen) RVOL Threshold: Wert für die RVOL Alarme sowie zur Färbung bei Nutzung des Modus Threshold. Plot styles: Du hast die Möglichkeit aus 4 verschiedenen Styles zu wählen. Heatmap (greift auf die Werte und Farben von HM1-HM5 zurück) Traffic (greift auf die Werte und Farben von T1-T4 zurück) - Threshold (greift auf den Werte RVOL Threshold zurück) Kurs (zeigt die normalen Volumenbalken) HM1-5: Stelle unterschiedliche RVOL Werte für den Plot Style Heatmap ein. T1-4: Stelle unterschiedliche RVOL Werte für den Plot Style Traffic ein. Dieser Indikator wird häufig mit unserer zweiten Version Real Relative Volume - Line Indicator - Time Adjusted - DE & EN verwendet. Stelle sicher, dass Du in beiden Indikatoren die gleichen RVOL Werte nutzt! ------------- English version Finding the right stock to trade is not always easy. An important variable in stock selection is the relative volume, which is used by many successful traders and trading firms. Think of it like this: Instead of looking at absolute volume, we look at actual strength. So how much volume is traded today compared to a regular day? This gives an indication of whether the stock is "in play". Note: If the RVOL (relative volume) is increased, more market participants are interested in this share than usual. This is especially important if the market direction and the direction of the stock do not match. If the market rises, most shares will also rise. This can, therefore, happen without an increased RVOL. But what happens if the market goes against us? Then we are quickly shaken out of RVOL-weak stocks. Therefore, we always want to focus on stocks that have an increased relative volume! These are the stocks that are trading really strongly right now and probably have a catalyst for that. The Real Relative Volume - Bar Indicator shows you the current relative volume. Our Algo uses the actual cumulative volume of the current day at the respective (current) time and compares it with the historical average volume at the same time. This gives us a correct picture of the current strength. With the help of the indicator, we can also see by the color change of the volume bars whether this strength increases, remains the same, or loses power quickly. Unlike other scripts, we use an advanced method that recognizes the current position on the day and does not split the session into equal parts. Advantage: The indicator also works in crypto, forex, foreign stock markets, indices, etc. Features: Please use without extended trading hours! Sessions Back: Changes the baseline that you compare to today's volume. Example: 10 - At the current time you see the real relative volume of today in relation to the last 10 sessions (at the same time). (*max 5000 candles) RVOL Threshold: Value for the RVOL alarms as well as for coloring when using the Threshold mode. Plot styles: You have the possibility to choose from 4 different styles. Heatmap (uses the values and colors of HM1-HM5) Traffic (uses the values and colors of T1-T4) - Threshold (accesses the values RVOL Threshold) Price (shows the normal volume bars) HM1-5: Set different RVOL values for the Plot Style Heatmap T1-4: Set different RVOL values for the Plot Style Traffic. This indicator is often used with our second version Real Relative Volume - Line Indicator - Time Adjusted - DE & EN. Make sure that you use the same RVOL values in both indicators!
Indicador Pine Script®
por WirmachenTrader
1
Real Relative Volume - Line Indicator - Time Adjusted - DE & EN// English description below Die richtige Aktie zu finden, ist nich immer einfach. Eine wichtige Variable bei der Aktienauswahl stellt das relative Volumen dar, welches von vielen erfolgreichen Tradern und Trading Firmen benutzt wird. Stell es Dir so vor: Statt sich das absolute Volumen anzuschauen, schauen wir uns die tatsächliche Stärke an. Wie viel Volumen wird also heute im Vergleich zu einem regulären Tag gehandelt. Dies gibt Aufschluss darüber, ob die Aktie "In-Play" ist. Merke: Ist das RVOL (Relative Volumen) erhöht, sind mehr Marktteilnehmer an dieser Aktie interessiert als üblich. Dies ist besonders dann wichtig, wenn die Marktrichtung und die Richtung der Aktie nicht übereinstimmen. Wenn der Markt steigt, steigen auch die meisten Aktien. Dies kann folglich auch ohne erhöhtes RVOL passieren. Was ist aber, wenn der Markt gegen uns geht? Dann werden wir schnell bei RVOL-schwachen Aktien ausgeschüttelt. Daher wollen wir unseren Fokus immer auf Aktien setzen, die ein erhöhtes relatives Volumen haben! Dies sind die Aktien, die gerade wirklich stark gehandelt werden und wahrscheinlich einen Katalysten dafür haben. Der Real Relative Volume - Line Indicator zeigt Dir das aktuelle relative Volumen an. Unser Algo benutzt dabei das tatsächliche kumulative Volumen des aktuellen Tages zum jeweiligen (aktuellen) Zeitpunkt und vergleicht dieses mit dem historischen Durchschnittsvolumen zum gleichen Zeitpunkt . Damit bekommen wir ein korrektes Abbild der aktuellen Stärke. Mit Hilfe des Indikators können wir ebenfalls sehen, ob diese Stärke zunimmt, gleich bleibt, oder gegebenenfalls schnell and Power verliert. Im Gegensatz zu anderen Skripten nutzen wir eine fortschrittliche Methode, die aktuelle Position am Tag erkennt und damit nicht die Session in gleiche Teile teilt. Vorteil: Der Indikator funktioniert auch in Krypto, Forex, DE-Aktien, Indizes etc. Funktionen: Bitte ohne verlängerte Handelszeiten nutzen! Sessions Back: Verändert die Baseline, die Du mit dem heutigen Volumen vergleichst. Beispiel: 10 - Zur aktuellen Uhrzeit siehst Du das reale relative Volumen von heute in Relation zu den letzten 10 Sessions (zur gleichen Zeit). (*max 5000 Kerzen) Threshold: Stelle eine bestimmte Schwelle ein, bei der Du dich über die TradingView Funktion alarmieren lassen möchtest. T1-4: Stelle unterschiedliche RVOL Werte ein. Use Traffic Color for Line: Die unterschiedlichen T1-4 Werte und Farben werden für das Liniendiagramm genutzt. Dieser Indikator wird häufig mit unserer zweiten Version Real Relative Volume - Bar Indicator - Time Adjusted - DE & EN verwendet. /////// English version Finding the right stock is not always easy. An important variable in stock selection is the relative volume, which is used by many successful traders and trading firms. Think of it like this: Instead of looking at absolute volume, we look at actual strength. So how much volume is traded today compared to a regular day? This gives an indication of whether the stock is "in play". Note: If the RVOL (relative volume) is increased, more market participants are interested in this stock than usual. This is especially important if the market direction and the direction of the stock do not match. If the market rises, most shares will also rise. This can, therefore, happen without an increased RVOL. But what happens if the market goes against us? Then we are quickly shaken out of RVOL-weak stocks. Therefore, we always want to focus on stocks that have an increased relative volume! These are the stocks that are trading really strongly right now and probably have a catalyst for that. The Real Relative Volume - Line Indicator shows you the current relative volume. Our Algo uses the actual cumulative volume of the current day at the respective (current) time and compares it with the historical average volume at the same time . This gives us a correct picture of the current strength. With the help of the indicator, we can also see whether this strength increases, remains the same, or if it loses power quickly. Unlike other scripts, we use an advanced method that recognizes the current position on the day and thus does not split the session into equal parts. Advantage: The indicator also works in crypto, forex, foreign stock markets, indices, and many more. Functions: Please use without extended trading hours! Sessions Back: Changes the baseline that you compare to today's volume. Example: 10 - At the current time you see the real relative volume of today in relation to the last 10 sessions (at the same time). (*max 5000 Bars) Threshold: Set a certain threshold at which you want to be alerted via the TradingView function. T1-4: Set different RVOL values. Use Traffic Color for Line: The different T1-4 values & colors are used for the line plot. This indicator is often used with our second version Real Relative Volume - Bar Indicator - Time Adjusted - DE & EN .
Indicador Pine Script®
por WirmachenTrader
2
Black Corsair VolumeBuilt-in volume script allows you to enable moving average over the volume. It is useful, but not as effective since it doesn't rate extremes which are the most interesting part about volume. Black Corsair script adds two more measurements. One that picks highs over 100 periods and averages them. It is called High Tides. The other, Low Tides, picks lowest levels and averages them. Anything below Low Tide is considered extremely low volume. Anything above High Tide is extremely high volume. However, these are the extremes. Volume is relatively high even when it approaches High Tide or relatively low when it approaches low tide. Good luck!
Indicador Pine Script®
por OrcChieftain
Rolling Relative VolumeThis script sums the volume for the selected period and compares it to the selected period before that. It works on a rolling basis, so it is suitable for 24/7 markets such as crypto. That is the main difference between this and the regular RVOL indicator. Of course lower timeframes can also be selected for comparing changes in volume, but you should be aware how the times when markets are closed affect the calculation. For example, if used on stocks, the indicator will use the data that is available, meaning that the amount of data needed to calculate daily cumulative volume can be stretched out over a few days. If the stock session is 8 hours long, that comes out to 3 days. There are 2 windows of reference when summing the volume: 1) The Recent volume window -> sums the volume between the current candle and the start of the window 2) The previous volume window -> sums the volume from the start of the current window until the start of the previous window An example follows at the end :) How to set up: 1) In settings, select the Timeframe; weekly, daily and hourly (W,D,H) are supported. 2) Choose the multiplier of the recent timeframe (for example 4 for cumulative volume over the last 4h) 3) Choose the multiplier of the previous timeframe (for example 8, if you want cumulative volume of the 8h before the start of the recent window) Example: Settings: Timeframe: D Recent volume multiplier: 3 Previous volume multiplier: 1 The chart set to 1h timeframe This will calculate the cumulative volume for the past 24h, starting at the recent candle. Then it will calculate the cumulative volume for 72 hours before the start of the recent (24h) window. So in total it will need 24 + 72 = 96 hours of data to calculate. After that it will compare the volume of the recent window with the average of the previous window. If values are above 1 the volume is increasing, if below 1 it is decreasing. Why is this useful? It's easy to spot changes in the volume and see if the volume is increasing and by how much, compared to previous days. Of course volume also drives liquidity. If volume is picking up, that could be the start of a bigger move. WARNING!!! Use on very low timeframes (1m, 3m) with big lookback periods (W) can break the script or make it execute very slowly due to the nature of the indicator. Because this works on bar data it's possible that changing timeframes will change the calculation slightly. Generally, lower timeframes produce more accurate results, but take longer to calculate. The selected timeframe for the indicator should always be higher than the timeframe of the chart, otherwise the calculations won't make sense. Leave a comment or send a DM for any improvements, bugs or ideas for automation / algo trading.
Indicador Pine Script®
por grayman
1