Volume Analysis*Sourced code from Volume Flow v3 by oh92 for Bull\Bear volume flow calculations. Thank you so much for your engineering skills!
This indicator integrates the Ma-over-MA crossover strategy in oh92's V3 DepthHouse calculation with a volume-over-MA
calculation to further narrow down "Areas of Interest" levels for a potential re-test zone to the right of the chart.
I added a Moving Average calculation for a multi-level cloud and further broke down more conditions to highlight both
volume flow crossover on the High and Extreme High MA's and also high and extreme high volume spikes on set period average
without bull\bear conditions. Original Bull/Bear Spikes are still viewable although that was the only plot from oh92's script
that was integrated.
Session backgrounds set for research purposes.
Please note: Setting MA Cloud to "None" will remove all plots calculated with the MA Cloud from the chart entirely. Turn off visuals
in the Style tab.
Volumeanalysis
Point of Control V2 The genesis of this project was to create a POC library that would be available to deliver volume profile information via pine to other scripts of indicators and strategies.
This is a republish of an invite only script to open access
This is the indicator version of the library function.
A few points of significance:
- Allows the choice of reset of the study period, day/week or bars. This is simple enough to expand to other conditions
- Bar count resets starting from the beginning of the data set (bar index =0) vs bars back from the end of the data set
- A 'period' in this context is the time between resets - the start of the POC (eg. start of Day or Week) until it resets (for example at the beginning of a next day or week)
- Automates the determination of the increment level rather than the user specifying ticks or price brackets
- Does not allow for setting the # of rows and then calculating the implied price increment levels
- When a period is complete it is often useful to look back at the POCs of historical periods, or extend them forward.
- This script will find the historical POCs around the current price and display them rather than extend all the historical POC lines to the right
- This script also looks across all the period POCs and identifies the master POC or what I call the Grand POC, and also the next 3 runner up POCs
This indicator is also available as a library.
BINANCE:BTCUSDT NSE:NIFTY OANDA:XAUUSD NASDAQ:AAPL TVC:USOIL
PointofControlLibrary "PointofControl"
POC_f()
The genesis of this project was to create a POC library that would be available to deliver volume profile information via pine to other scripts of indicators and strategies.
This is the indicator version of the library function.
A few things that would be unique with the built in
- it allows you to choose the kind of reset of the period, day/week or bars. This is simple enough to expand to other conditions
- it resets on bar count starting from the beginning of the data set (bar index =0) vs bars back from the end of the data set
- A 'period' in this context is the time between resets - the start of the POC until it resets (for example at the beginning of a new day or week)
- it will calculate an increment level rather than the user specifying ticks or price brackets
- it does not allow for setting the # of rows and then calculating the implied price levels
- When a period is complete it is often useful to look back at the POCs of historical periods, or extend them forward.
- This script will find the historical POCs around the current price and display them rather than extend all the historical POC lines to the right
- This script also looks across all the period POCs and identifies the master POC or what I call the Grand POC, and also the next 3 runner up POCs
There is a matching indicator to this library
Banknifty Volume - IN
This simple indicator computes the average Relative Strength Index of each Banknifty stock and displays the volume on the chart with color schemes while the average line indicates the average RSI of all Bank Stocks. This indicator works on Banknifty and its stocks.
It works on all time frames
How You can use this?
You can use this indicator for Volume analysis if the average RSI line is above the 0 line, the stock is moving upside and vice versa for Downside .
Visible Range VWAP with DeviationsImplementing Pine's new Visible range function I have built with the help of @RumpyPumpyDumpy a Visible range Vwap with Standard deviations in the same style and color way originally created by Zach Hurwitz, This is created in the styling and under the teaching of his education over the last few years. Zach uses intraday, and long term strategy based around 4 trade types that are taken in and around Vwap and its deviation bands. Whether that is intraday vwap , Longer term time based vwaps, Event based vwaps such as earnings , Gaps, Highest Volume based, and now "Visible range" based vwaps. The new visible range function is a huge help and time saver when wanting to quickly see a longer dated vwap or a vwap from a specific spot on your chart. All you have to do is scroll to that position on the chart and the Vwap and bands automatically launches from the furthest most left candle on your chart using the source input user chooses, HLC3, High, Low, etc.
This is a fully functional Volume weighted average price and launches on the furthest most left bar on your chart. It comes set to calculate the average price based off the launch candles HLC3 value, or User can choose to change the source input to High or Low for custom anchored visible range high/low vwap showing overhead resistance or support from underneath.
The deviations can be used as support and resistance intraday or longer time frames. Myself and others in our community have 4 trade type set ups that we take in and around Vwaps deviations. It offers us consistent, and manageable risk points at measured distances away from average price, and specific targets to aim for intraday and in longer time framed swing trades.
Vwap and its deviations are a institutional benchmark and a tool that higher time frame and institutional traders around the world use as a guide. With the use of visible range and multiple launch points on the candle we can quickly get an idea of where participants may be buying and selling, or trapped or supportive of price.
Standard deviation bands and the color-coding reflects the market’s current position and slope. This can now be applied to the visible range of your entire chart, and you can quickly understand whether the market is trending positive, negative, or flat and counter trend.
I have included our traditional color way of Zach's original vwap indicators that were originally released on TOS and now also available on TradingView. This shows a yellow positive sloped vwap , or magenta negative sloped vwap . User also has choice of slope signal which shows positive, negative, neutral, or single color choice.
There is also positive and negative cloud coloring behind price to show when price is above or below visible range vwap . This helps immediately understand whether price is moving in your favor or against. In addition there is the choice of brightly highlighting what we refer to as the "Fast lane", which is a trending market either positive or negative in plus one or negative one deviation. You can use them independently, or choose not to color them at all. There is also Positive and negative coloring options for the Deviation plots themselves, which in positive trend will color the upper deviations green or in negative trend color them red.
User also has the choice to add "Tolerance bands", which are sub deviation levels usually used in 0.25-0.50 increments. These show a zone above and below each deviation of which price may test above or below. We do not think as vwap as a hard "Line in the sand" rather a zone where we look for participation from those that are currently in that average price, this means price sometimes may move slightly under the vwap or deviation level as price seeks liquidity and the Tolerance bands can add some insight in an event like this.
As always-
*** ALL USERS ASSUME ALL RESPONSIBILTIY WHILE USING THIS TOOL. THIS IS NOT, NOR SHOULD NOT BE MISCONSTRUED AS FINANCIAL ADVICE. USER ASSUMES ALL RISKS ASSOCIATED WITH THE USE OF THIS TOOL WHILE TRADING,AND FOR ANY AND ALL LOSS THAT MAY OCCUR WHILE USING SAID TOOL. TRADING IS RISKY AND USER COULD STAND TO LOSE ALL CAPITAL INVESTED.
Hope you enjoy.
Thanks
-JMF
Climatic Volume Study (CVS) [JoseMetal]============
ENGLISH
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- Description:
This indicator is similar to my previous volume indicator called "ADVO" (check my profile!), which determines accumulative and distributive volume (buy/sell, bullish/bearish candles), but instead of using ALL the volume it only uses CLIMATIC VOLUME candles filtered by SMA.
There's an option to ignore wicks (which is ENABLED by default), a big volume but small-doji candle doesn't tell too much.
- Visual:
1. Histogram: it shows bullish/bearish (aqua/yellow) climatic candles based on the volume SMA, when the volume of a bar exceeds the SMA. The bar shows up to +100% exceeding volume, more than that it shows a lime/red bar which is also wider.
2. Now we have 2 EMAs, one for accumulative climatic volume (blue) and other for distributive climatic volume (orange).
3. Differential EMA, the wider one, it takes different colors, green whenever the accumulative (blue) EMA is above the distributive one (orange), and red in the contrary case, this EMA is centered so the 50 point of the indicator is it's center, above 50 means accumulative/bullish (green) and below means distributive/bearish (red).
4. And to make all of this even more visual the background color has lime/red colors for crossovers on the EMAs (which is the same as the differential EMA color change), and whenever the accumulation/distribution continues we have a darker green/red color.
*As the indicator ONLY takes climatic volume candles, in some cases (i.e.: if you set the EMAs length too short) there may be a 0 result on the calculations, this plots the background in GRAY.
- Customization:
As usual in my indicators, everything is customizable, you can pick yours, settings, colors, figures etc.
- Usage and recommendations:
Default settings work good, smaller timeframes are usual a better idea to process volume indicators (like checking in 15 min what's happening under the curtain even if you're trading in 1-4H).
You can make the indicator more aggressive by reducing the SMA periods to 7, or more "situational" (check the current environment) to 25.
Same for the climatic volume EMAs, 15-25-50 are nice values., remember not to set it lower or there can be "neutral" areas with no result due to no climatic candled in range.
Enjoy!
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ESPAÑOL
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INGLÉS
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- Descripción:
Este indicador es similar a mi anterior indicador de volumen llamado "ADVO" (¡revisa mi perfil!), que determina el volumen acumulativo y distributivo (velas de compra/venta, alcistas/bajistas), pero en lugar de utilizar TODO el volumen sólo utiliza velas de VOLUMEN CLIMÁTICO filtradas por SMA.
Hay una opción para ignorar las mechas (que está HABILITADA por defecto), una vela de gran volumen pero que se queda en una doji no nos dice demasiado.
- Visual:
1. Histograma: muestra velas climáticas alcistas/bajistas (cian/amarillo) basadas en la SMA de volumen, cuando el volumen de una barra supera la SMA. La barra muestra hasta un +100% de volumen excedente, más que eso muestra una barra de color lima/rojo que también es más ancha.
2. Ahora tenemos 2 EMAs, una para el volumen climático acumulativo (cian) y otra para el volumen climático distributivo (naranja).
3. EMA diferencial, la más ancha, toma diferentes colores, verde siempre que la EMA acumulativa (cian) esté por encima de la distributiva (naranja), y rojo en el caso contrario, esta EMA está centrada por lo que el punto 50 del indicador es su centro, por encima de 50 significa acumulativa/alcista (verde) y por debajo significa distributiva/bajista (rojo).
4. Y para hacer todo esto aún más visual el color de fondo tiene colores lima/rojo para los cruces en las EMAs (que es lo mismo que el cambio de color de la EMA diferencial), y siempre que la acumulación/distribución continúa tenemos un color verde/rojo más oscuro.
*Como el indicador SOLO toma velas de volumen climático, en algunos casos (por ejemplo: si se pone la longitud de las EMAs demasiado corta) puede haber un resultado 0 en los cálculos, esto dibuja el fondo en GRIS.
- Personalización:
Como es habitual en mis indicadores, todo es personalizable, puedes elegir configuración, ajustes, colores, figuras, etc.
- Uso y recomendaciones:
La configuración por defecto funciona bien, las temporalidades más pequeñas son generalmente una mejor idea para procesar los indicadores de volumen (como comprobar en 15 min lo que está sucediendo bajo el telón, incluso si estás está operando en 1-4H).
Puedes hacer que el indicador sea más agresivo reduciendo los períodos de la SMA a 7, o más "situacional" (comprobar el entorno actual) a 25.
Lo mismo para las EMAs de volumen climático, 15-25-50 son buenos valores., recuerda no ponerlo más bajo o puede haber zonas "neutras" sin resultado debido a que no hay velas climáticas en el rango.
¡Que lo disfrutéis!
Volume Trend Meter LTFA new take to an already popular indicator of mine, now with lower time frame support for a volume called Volume Trend Meter LTF (VTML).
The VTM LTF indicator measures the volume pressure at a specific part of the candle (Start, Middle, or the end of the candle) and displays it as a histogram.
This indicator sums up all green candle volumes and red candle volumes over the selected part of the candle (Select in settings - start end or middle) and plots their values by subtracting increasing volume and decreasing volume.
Use this indicator to identify increasing volume with the green candles (close bigger than open) and increasing volume of the red candles (close is smaller than open).
Can also work on daily charts and higher.
======= Calculation ==========
For Green Column: The total Volume of green candles is higher than the total red candle volume.
For Red Column: The total Volume of red candles is higher than the total green candle volume.
======= Volume Trend Meter LTF Colors =======
Green: Increasing buying pressure.
Red: Increasing selling pressure.
My original VTM (not the lower time frame version):
Like if you like and Follow me for upcoming indicators/strategies: www.tradingview.com
Intraday predictive High Volume Activity sessions [BEA]Idea:
This indicator is designed to know the high traded volume sessions in advance before the day starts.
The predictive volume bars will be plotted in advance once a new trading session starts.
Logic Used:
The basic idea is to store each bar volume / Volume MA data for the selected time. So, the first bar of each data is stored for all selected historical days.
Once the data is stored, I am taking average of each bar data for the selected Historical days.
How to Use:
This gives me an idea of the volume behavior throughout the days based on historical data. So I decide my time of trading for that specific times sessions where the traded volume activity is high.
The bars which are more than the Moving average ( Highlighted Volume bars plotted in future ) is the time session to focus.
Designed only for intraday timeframes.
Here in the image, you can see the session in advance for high traded volume activity.
Try it test it , let me know if it can be improved further.
Have a happy trading.
DISCLAIMER
Any and all liability for risks resulting from investment transactions or other asset dispositions carried out by the user based on information received or a market analysis is expressly excluded by me.
All the information made available here is generally provided to serve as an example only, without obligation and without specific recommendations for action. It does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
Do your own research, this is not a financial advice.
Volume Spike Up - [VSU PRO]
This indicator detects abnormal spike up of volume (Vol) and analyze price action in a very specific manner. so it may give us high probability wining setup.
It was build for BUY setup only, it's good for crypto market and you also can use for stock market but it is not suitable for FOREX.
The default setting values is 4H time frame, use can adjust value for any time frame you want.
I had combined 3 strategies in one indicator:
1. Base on EMA or break from sideway area
2. Looking for a reversal point (High risk and you can use or ignore it)
3. Enter below Bollinger Band (High risk and you can use or ignore it)
If your trading timeframe from 1H and above you should use 1 and 2, if below 1h you should use all.
How it works
The first you have to decide your trading timeframe to select which strategy to use then hide other unnecessary lines , because they may make you confusing.
- "Base on EMAs or break from sideway area" when price near EMAs if have abnormal Vol with good price action, indicator will gives a signal, color of signal depend on how big of Vol.
- "Looking for a reversal point" when price blow of 60 candle if have buying Vol over Vol MA50, signal will be appeared.
- "Entering below Bollinger Band" when price entering below Bollinger Band with big Vol, signal will be appeared.
Signal show us the Vol spike up only, it's not an Entry, so you have to consider and combine with other indicators to make your own decision.
Stop loss line suggest you should Cut Loss for your position at this price, if you have skill you may hide it.
These settings can be customized however you like. You can enable or disable high risk strategies, you can change timeframe to any period you want, enable or disable trend following.
you can adjust your stop loss distance, and you can adjust the limit rules for signal.
VSU PRO is available to set alerts for all signals of all condition, you may save your time to looking for trading opportunity.
Overloaded Volume-Canddle v1This indicator will detect the candle has volume "too strong" base on "n" previous candle.
The Yellow Line is avg volume base n candle previous.
The Red line show over power volume of canlde.
Important : This indicator can use for forex, but i recommend it for binary options only.
Buying Selling Volume v3Bug fixed from v2. Currently adds up values correctly.
Note: To get more accurate readings reduce the time frame. For some reason it isn't counting the last bar and I am not smart enough to figure out why.
Builds on Ceyhun's "Buying Selling Volume" indicator. This version allows users to define periods by effortlessly dragging two points or you may define periods by manually entering the start and end times in the settings window. Once the period is defined, both buying and selling volume will be totaled thus displaying the amount of buys and sells in that period.
I have found the information provided from the script helps in defining a period of consolidation as either being accumulative or distributive.
Intrabar On Balance VolumeAn experimental modification of TradingView's built-in OBV indicator that calculates its value with intrabar data.
This leads to a more accurate OBV trace because it considers the price swings that happen within the time period of each candle, instead of only considering the candle close price.
For example: on a 4H timeframe a single candle spans 4 hours. In this indicator the OBV is calculated with 1-minute intrabar data, leading to a resolution of 240 intrabars per 4H candle (that is, it considers the volume and price swings that happened at each minute of those 4 hours).
Candle Level of VWAP [By MUQWISHI]The " Price of Volume Weighted Average Price " (PVWAP) indicator calculates the VWAP standard deviation of bar price.
Features:
1. Ability to smooth the "Price of Volume Weighted Average Price" line.
2. Ability to choose the anchor period (timeframes).
Let me know if you have any questions.
Thanks.
Volume spread analysis V1 (RT)Volume Spread Analysis is a method used by professional traders to identify the Smart money's activities (Institutional Traders) in the markets based on Price and Volume data. and it is considered to be one of the best technical analysis compared to all forms of trading since it is not prone to smart money manipulation but the method itself is to identify the smart money's activity in any markets.
Volume plays an important role in trading since it is used to identify the Smart trader's activity in the markets and it can play a crucial role when it comes to identifying accurate Chart patterns and levels with entries and exits.
Important Features included in this indicator:-
1. Volume Spread Analysis signals to identify SOS (Signal of strength) and SOW (Signal of weakness).
2. Potential Volume zones to identify important levels of Smart money.
3. Gap up and Gap Down Levels to identify the irregular gaps and corrections in the markets.
4. Added Historic signals and other parameter options in the settings.
5. Effort VS Result Option included.
6. Volume Waves, Also known as Cumulative Volume to identify Effort vs result and Buyers/Seller's Activity in the markets.
7. Multiple Options to change the colors of various indicators included.
8. The indicator also consists VWAP option which can be used as POC on Day Trading.
Please note that this indicator will be developed with time as we will constantly be adding more VSA signals in the upcoming days and we are constantly working on the quality of the indicator.
YouTube:- www.youtube.com
Feel Free to reach us via our WhatsApp number +91 9964982366 and provide us with your valuable feedback and ideas for the development of our indicators.
Volume Risk Avoidance IndicatorPrice Pattern Analysis is the core of trading. But price patterns often fails.
VRAI (Volume Risk Avoidance Indicator) shows Volume Pressure, so that you can avoid volume-based risks.
For example, never short when you see green (buying pressure). Never long when you see red (selling pressure).
You still need to pick good price patterns, because the crossover of volume pressure is not reliable.
Enjoy!
Singular and Cumulative Volume Delta (SVD+CVD)This a Volume Delta indicator with Cumulative Volume Delta.
I have been studying Volume Delta and CVD trading strategies and indicator styles.
This implementation was developed to test a basic trailing window / oscillator approach.
Script has been republished as public and searchable.
Changelog from private era follows.
Jun 9 (2022)
Release Notes:
Added option to use EMA/SMA based cumulation. This will not scale well with singular data, so default view is still SUM.
Jun 9 (2022)
Release Notes:
Outdated comment correction.
Jun 9 (2022)
Release Notes:
Added default option to normalilze visual scale of MA cumulation types. The averaging creates a singular value sized results, instead of a range-sums. This multiples that candle result by the range length to get a range-sum sized result.
Added option to scale the cumulation size relative to the volume size. 1-to-1 scaling creates singular deltas that can be hard to see with all options on. This allows you to beef them up for visual or weighting purposes.
Jun 15 (2022)
Release Notes: * Added break even level for current delta. Tells where current delta must land for cumulative delta to stay flat.
* Added comparison of historical cumulative levels to current level. The historical levels are the initial values going into current accumulation window.
* Changed title of indicator to be more generic, clear, and searchable.
Jun 15 (2022)
Release Notes: * Added option to have the cumulation cutoff line AFTER or OVER the end of the cumulation window. This change is to ensure the indicator clearly documents it's behavior and avoids confusion on this / last cumulation window semantics.
* Bugfix: Initial levels were pulled from cumulation line which was AFTER end of window. This has been changed to the initial values INSIDE the cumulation window.
* Code cleanup.
June 17th (2022)
Release Notes: Marked as beta because TV confirmed they no longer allow private scripts to be changed to public. (Despite lingering documentation that says otherwise.
June 17th (2022)
Re-published as public.
SuperTrend Trapping Candle StrategyHello traders!
How this indicator works?
The main functionality of this indicator is to find entry based upon SuperTrend indicator. This indicator helps us to find trapping candle to enter into the market.
What is a trapping candle?
A trapping candle is a candle that shows strength in opposite direction to SuperTrend. This helps us to enter in a trade before the move start in the current trend's direction. There are two types of trapping candles signals I have added currently:
1. Volume is high than previous candle in the opposite direction.
2. 3 candles of opposite direction with decreasing volume .
How to enter in a trade in uptrend market?
SuperTrend shows a green signal
A green triangle formed below red candle
Enter into the trade when price is above red candle high
SL could be place below red candle or swing low if it is near
How to enter in a trade in downtrend market?
SuperTrend shows a red signal
A red triangle formed above green candle
Enter into the trade when price is below green candle low
SL could be place above green candle high or swing high if it is near
How to avoid to enter in a trade in sideways market?
You can follow price action strategies
Or you can follow some indicator to find sideways market
Indicator settings and how to change?
ATR Length - For SuperTrend, this is default value.
Factor - For SuperTrend, changed to 2 to provide fast signals.
Candle Height - For trapping candle price, default set to 0.003% of the current price.
Volume Profile, Pivot Anchored by DGTVolume Profile (also known as Price by Volume ) is an charting study that displays trading activity over a specified time period at specific price levels. It is plotted as a horizontal histogram on the finacial isntrumnet's chart that highlights the trader's interest at specific price levels. Specified time period with Pivots Anchored Volume Profile is determined by the Pivot Levels, where the Pivot Points High Low indicator is used and presented with this Custom indicator
Finally, Volume Weighted Colored Bars indicator is presneted with the study
Different perspective of Volume Profile applications;
Anchored to Session, Week, Month etc : Anchored-Volume-Profile
Custom Range, Interactive : Volume-Profile-Custom-Range
Fixed Range with Volume Indicator : Volume-Profile-Fixed-Range
Combined with Support and Resistance Indicator : Price-Action-Support-Resistance and Volume-Profile
Combined with Supply and Demand Zones, Interactive : Supply-Demand-and-Equilibrium-Zones
Disclaimer : Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Delta Volume by SiddWolfDelta Volume is Difference between Buying Volume and Selling Volume. This indicator gives the Delta Volume based on Lower TimeFrame Candles. It utilizes security_lower_tf() function, a function that provides Lower TF candle data in Higher TF Chart.
security_lower_tf() is a new function provided by TradingView yesterday. If you are a PineScript Programmer, I suggest you to read about it, as it is a very powerful function that can extremely improve your trading strategy.
How this indicator works:
This indicator checks volume data on lower TimeFrame Candles and Shows it's delta in the current Chart Timeframe. For example: If you open 4 hours chart, this indicator checks volume of 1 minute chart and separates Buying-Selling volume. Then it subtracts Candle's Selling volume from Candle's Buying volume, finally calculating the Delta Volume.
This indicator also provides a Smooth Delta Volume, which is moving average of Delta Volume. As Delta Volume changes a lot, Smooth Delta Volume can be very helpful for identifying Trends . Goto settings and in "Show" section select "Smooth Delta Volume" to lay it on the chart.
Settings is the Key:
Settings are key to all of my indicators. Play around with it a bit. You can change what to show on the chart from settings. Smooth Delta Volume moving average length can be changed from the settings. You can also select "Show as Percentage", which shows Delta Volume as Percentage of Overall Candle's Volume. If you use Weekly or Monthly Timeframe, change increase lower timeframe from settings. Read the tooltips to understand what each settings mean. Tooltips are the (i) button in-front of each settings.
FAQs:
Q. Does the indicator Repaint ?
--- No. None of my indicators repaints. What you see now is what's drawn in real time.
Q. What TimeFrame is Best for this Indicator ?
--- It can be used on timeframes from 5 minutes to higher. But I would prefer to use it from timeframes higher than 30 minutes, as it gathers data from 1 minute TF.
Q. Indicator doesn't show anything ?
--- This indicator only works on security with Volume data. Also use it from higher timeframe than specified in Settings, because Volume Delta is calculated using Data from Lower TimeFrame.
Q. Delta volume is not provided by TradingView, So how exactly does this indicator work?
--- This indicator takes advantage of new pinescript function security_lower_tf(), and calculates volume for smaller timeframe data and calculates delta on higher timeframe.
Q. Does this indicator give financial advice?
--- No. Nope. Nein. Não. नहीं.
Conclusion:
This indicator is very basic but if used correctly it can be very powerful. If you have any questions or suggestions feel free to comment below. I'd love to connect with you. Thank you.
~ @SiddWolf
Liquidity Heatmap LTF [LuxAlgo]This indicator displays column heatmaps highlighting candle bodies with the highest associated volume from a lower user selected timeframe.
Settings
LTF Timeframe: Lower timeframe used to retrieve the closing/opening price and volume data. Must be lower than the current chart timeframe.
Other settings control the style of the displayed graphical elements.
Usage
It can be of interest to show which candles from a lower timeframe had the highest associated volume, this allows for the highlighting of areas where a candle body was the most traded by market participants.
The area with the highest activity is highlighted in the script with a yellow color (or another user selected color) and additionally by two lines forming an interval.
When the candle body with the highest volume is overlapped by a candle body with lower volume this one will be highlighted instead, hence why certain areas of high activity might not be highlighted by the heatmap.
It is recommended to hide regular candles or use a more discrete graphical presentation of prices when using this tool. Lines are also displayed to highlight the full candle range as well as if a candle was bullish (in green) or bearish (in red). These lines can be hidden if the user is only interested in the heatmap.
Volume Impulse & Candlestick Patterns - FontiramisuIndicator showing volume impulse & engulfing candlestick pattern.
You can set up multiple parameter for both events.
Volume Impulse :
Volume Period : Lenght of the average volume calculated.
Volume Multiplier : Factor to compare actual volume with average volume.
Engulfing Pattern :
VS avg body : Let you chose to compare body candle to average body of the last few candles (define with parameter : lenghtSizeAvgBody ), otherwise it will be compared to the last body candle.
Engulfing Multiplier : Factor to compare and validate the pattern.
