Ord Volume [LucF]Tim Ord came up with the Ord Volume concept. The idea is similar to Weis Wave , except that where Weis Wave keeps a cumulative tab of each wave’s successive volume columns, Ord Volume tracks the wave's average volume .
Features
You can choose to distinguish the area’s colors when the average is rising/falling (default).
You can show an EMA of the wave averages, which is different than an EMA on raw volume.
You can show (default) the last wave’s ending average over the current wave, to help in comparing relative levels.
You can change the length of the trend that needs to be broken for a new wave to start, as well as the price used in trend detection.
Use Cases
As with Weis Wave, what I look at first are three characteristics of the waves: their length, height and slope. I then compare those to the corresponding price movements, looking for discrepancies. For example, consecutive bearish waves of equal strength associated with lesser and lesser price movements are often a good indication of an impeding reversal.
Because Ord Volume uses average rather than cumulative volume, I find it is often easier to distinguish what is going on during waves, especially exhaustion at the end of waves.
Tim Ord has a method for entries and exits where he uses Ord Volume in conjunction with tests of support and resistance levels. Here are two articles published in 2004 where Ord explains his technique:
pr.b5z.net
n.b5z.net
Note
Being dependent on volume information as it is currently available in Pine, which does not include a practical way to retrieve delta volume information, the indicator suffers the same lack of precision as most other Pine-built volume indicators. For those not aware of the issue, the problem is that there is no way to distinguish the buying and selling volume (delta volume) in a bar, other than by looping through inside intervals using the security() function, which for me makes performance unsustainable in day to day use, while only providing an approximation of delta volume.
Indicador de Volume
Total Volume Percentage (intraday)This script tracks the percentage of up vs down volume intraday. The intention is to get an idea throughout the day on sentiment changes regardless of how many handles are traded. This indicator should paint a clear picture on trend days by displaying an area with the same color (green for bullish and red for bearish). Please note that the default value uses the ticker for NYSE volume and not the security displayed on your chart. In other words, if you plot this on a chart with Amazon (AMZN) or Crude Oil or BITCOIN, it will still track the market's behavior. You can change the input on the indicator.
The coloring, up/down, are based on a moving average, which is also customizable. If you are doing intraday and you plot this on a 3-minute chart, you may want to set this at a relatively small timeframe.
Enjoy!
BTC exchange trade vol / on-chain transaction volThis Bitcoin indicator shows the percentage that the exchange traded volume is from the sum of the exchange traded volume + on-chain transaction volume.
The thin red line is the non-smoothed value calculated from daily volumes.
The thick black line is the 7-day EMA-smoothed value.
The exchange traded volume and the on-chain transaction volume are reported by Quandl and have a 1D resolution - so it is best to use this indicator on the daily time frame.
When the value is high, it shows the the interest of traders is high and they are intensely trading BTC. When the indicator is low, it means that BTC is "dormant": it is used for transfers, but not so much for trading - traders forgot about it for a while - which may be a good time to accumulate if the economy is in a general bull market.
ETHUSD Multi Timeframe Rolling Bitmex Liquidation LevelsETHUSD Multi Timeframe Rolling Bitmex Liquidation Levels
Volume, Relative Volume HighlightThe indicator plots regular volume bars.
The highlight is given by the current cumulative volume for the day, compared to a custom average (standard 20 periods). The stronger the color, the higher the relative volume is. Stocks moving of higher relative volume have higher chances of making predictable moves.
Volume Momentum [LucF]Volume momentum gives much more information than a simple volume MA. It does require interpretation however, since increasing volume momentum can indicate strengthening of both an up or down movement. Volume momentum peaks and bottoms are also interesting as they often lead to shifts in price movement.
In order to help interpretation, I color rising volume momentum using price momentum. Green indicates volume-supported upward price movement and red indicates volume-supported downward price movement.
As to falling volume momentum, in my world view it indicates exhaustion or disinterest which requires prior price activity to be interpreted. In strong and steady price movements it can indicate a mere pause. After high price volatility often signalling a top or bottom, falling volume momentum often leads reversals.
Features
Two optional MAs on the main volume momentum line, with crosses on the short MA.
A higher time frame line (shown by default), with the higher time frame being a user-defined multiple of the current chart’s interval. The default is 8, so that a 15m chart will also show a 2h volume momentum.
Two Markers
Tops/Bottoms (marker 1): these occur on high/low price momentum pivots situated in favorable regions, combined with volume momentum peaks.
Pauses/Reversals (marker 2): these simply identify volume momentum high pivots that often lead to shifts in price movement. They are not directional. You can choose to color bars where these markers occur (shown on chart).
You can show only long or short markers.
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 Volume Momentum, 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.
Use Cases
The higher time frame line is very useful in situating current volume activity in a larger context.
I consider all peaks in volume momentum as potentially significant events.
When looking for an entry, I will often wait for the descending volume momentum to change direction at a shorter interval, using price momentum to confirm that increasing volume is working in my favor.
Volume momentum variations can often inform otherwise insignificant price momentum activity.
Here I use price momentum to color volume momentum; inversely, I also use volume momentum to color my momentum indicator.
Notes
Where the markers on my Volume Columns indicator focus on confirming strength of price movements, this indicators’ markers try to focus on shifts in price movement.
My volume momentum is calculated using a smoother variant of CCI which came to be known as WaveTrend.
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.
Buy and Sell PressureThis indicator is an interpolation of the demand index by James Sibbet. Thomas Aspray, an experienced trader, suggests using DI in three formats, one of those was to plot the buying pressure (BP) and selling pressure (SP) as separate lines; which is what this indicator was designed to do. The green line represents the buying pressure and red line represents the selling pressure. Advantages:
Divergences between BP or SP and price. A divergence between the BP or SP and prices suggests an approaching change in the price trend.
Crossovers can be interpreted as bullish/bearish
Known issues: illiquid crypto forex pairs or stocks with a very low price (i.e. 0.0000056) will cause the BP and SP to not work correctly, this can be mitigated by changing the quote currency, choosing an exchange with more volume, or changing the time-frame to a longer value.
The Buy and Sell Pressure indicator is available for purchase at www.cryptoalphaindicators.com
Demand IndexThis is an interpretation of James Sibbet's demand index (DI). The indicator does an excellent job of displaying:
Divergences between DI and price. A divergence between the DI and prices suggests an approaching change in the price trend.
Trendline analysis of DI showing levels of support/resistance, can help determine changes in trend.
As a leading indicator DI trendlines are often broken ahead of price trendlines.
Zero-line crossings can confirm previous signals as a lagging indicator.
The Demand Index indicator is available for purchase at www.cryptoalphaindicators.com
Trend Validation | www.cryptoalphaindicators.comThis indicator is designed to run in the background and provide a bird's eye view of what the prevailing trend is currently (positive/negative).
The navy blue background color indicates a positive trend underway and conversely the red background color indicates a negative trend has been detected.
Formulated with Ehler's Force Index and the Exponential Moving average.
The areas absent of color indicate that no satisfiable correlation was found between price (ema) and the price-to-volume indicator Ehler's Force Index (EFI).
The Trend Validation indicator is available for purchase at www.cryptoalphaindicators.com
Zero Lag Money Flow [jwammo12]This indicator adds Zero Lag principles to a modified Chaikin Money Flow.
This is essentially the Chaikin Money Flow indicator that uses true range to remove the issues that arise from gaps that the original CMF algorithm had. Then, momentum is used to remove lag from the indicator.
The Lag parameter is the lookback used for the momentum component
BP Scalper with resistance barsThis Script is used for scalping on the 15 min. It can do the other time frames but i built it for primarily the 15. There is some logic where i use the previous candles and i'm using intervals of 4 to get 1 hour estimates. This also works with the 1 hour, because the 4 hour is what it will compare with.
It uses Buy volume and sell volume to create the indicators.
If the buy volume starts losing traction on the sell volume the indicator triggers.
Volume Checker ProUsing this indicator allows you to verify sufficient stock trading volume directly in your stock chart at first glance.
If you would like to use this indicator drop me a line and send a request for it.
Volume Checker LiteUsing this indicator allows you to verify sufficient stock trading volume directly in your stock chart at first glance with fixed values.
Hope this helps many of you to be more efficient in your chart analysis - have fun!
If you would like to be able to change these values more flexible then drop me a line and send a request for the Volume Checker PRO indicator.
The People's Indicator Swing TradeThe People's Indicator Swing Trade is the Longer Term Version of the People's Indicator. It will allow you to spot patterns.
