Options Volume Indicator
Volume Indicator for Option Trading, it is a simple indicator based on Relative Strength Index. There are two horizontal lines are mention 10 and -10, if bar crossed above the (Line 10) then go for buy and when Bar cross under (Line -10) go for sell side.
If Bar Color changed to Respective color of the previous bar i.e. color gets darker then you can exit/ trail SL there because it overbought / Oversold position and vice versa for Sell Side.
this volume indicator works on any Script.
The Black Floating Line indicates the Average volume
Volumes
ValiantTrader_RSA VolumeINSTRUCTIONS:
-Add it to your chart then click on 3 dots in the indicator > move to > New pane below
Recommended Timeframes : M5, M15 and M30
When volume decrease and price also decrease, expect a bullish trend .
When volume increase and price decrease, expect a bullish trend .
When volume decrease and price increase, expect a bearish trend .
When volume increase and price also increase, expect a bearish trend .
KINSKI Flexible Volume OscillatorThe Volume Oscillator is a trend-oriented indicator that shows the strength or weakness of price trends. This indicator calculates the volume from two moving averages (MA). The value of the slow volume MA is then subtracted from the value of the fast moving average. The Volume Oscillator measures volume by analyzing the relationship between these two moving averages.
The special feature of this indicator is that the type of moving average can be selected as the basis for calculation. Currently, it is possible to choose between the following MA variants:
"COVWMA", "DEMA", "EMA", "EHMA", "FRAMA", "HMA", "KAMA", "RMA", "SMA", "SMMA", "VIDYA", "VWMA", "WMA".
Upward and downward movements are represented in different colors. The following color variants are available:
Color green: Strong upward trend
Color green/dark: weakening upward trend
Color red: strong downward trend
Color red/dark: weakening downward trend
The colors, as well as the style can be adjusted in the settings according to your own needs.
Colored Volume Bars standard deviation from meanThe colour bars:
Green: Price up - Volume > 2 x STD of last 21 bars
Blue: Price up - Volume > 1 x STD of last 21 bars
Maroon: Price down - Volume > 2 x STD of last 21 bars
Purple: Price down - Volume > 1 x STD of last 21 bars
Grey: not high volume bar
Green line: 2 bar sma
Red line: 8 period sma of the greenline
Bollinger band: 55 period sma of the 21 period sma with bands 1.618 deviation from the mean
