INVITE-ONLY SCRIPT
已更新 Volume Grid [SS Premium]
Hey everyone!
This is the Volume Grid indicator. It is essentially very similar to the Volume Profile Histogram indicator I released, but this premium version overlays on the chart and provides you with the tradeable ranges and the volume composition in each range. So let's get into it!
What it does:
This indicator cumulates buy and sell volume over a user defined lookback period in addition to calculating the average ranges that the stock trades in and the volume composition in each respective range.
It then paints these ranges based on the volume composition. Red means selling and green means buying. However, the brighter the red or green, the higher the buying or selling (essentially a heatmap).
The indicator will also provide you alerts when there are buying or selling volume spikes and circle the candle in which that has happened on (see example in main chart).
These alerts can of course be toggled on or off.
Trading with it:
This indicator can be used as a stand alone trading indicator, and here is how:
The ranges act as support and resistance. Within each range you can see whether the composition is buying or selling.
If we are in a green zone, it means there is buying and it is essentially a buy the dip situation (see below example):
When we are in a heavy selling zone, its essentially a short the rip situation:
You can also see when a zone transfers from a bearish or bullish zone, to the inverse:
The indicator also will plot a POC (point of control). Because we are not only pulling from daily volume data, we will already have a well established POC going into open:
This was SPY on Friday. The POC marked the current point of control from a volume perspective, which was at 482.
And here is what happened:
The POC will change colours between Red and Green, if its a bearish POC it will turn Red, bullish green. For the most part, both the bearish and bullish POCs remain within the same range but sometimes they will diverge and the indicator will alert you when this happens.
Additional options:
In addition to toggling off and on the alerts, you can also change the text colour and size.
As well, there is an option to "Condense Range". What that will do is reduce the range by a factor of 2 (in half). This will give you more aggressive support and resistance levels that you can play.
Condensed Range:
Uncondensed Range:
Personally, I prefer the condensed range, especially when trading leveraged shares, because I treat them as support and resistance levels and play breaks of them in either direction.
And last but not least, you can adjust the ranges to the daily, hourly, monthly or any timeframe you want, you simply select your desired timeframe and it will plot the ranges for that specific period:
SOXL on the week:
The yellow line represents the current period open. It is your reference line and frequently will act as support and resistance, depending on the market sentiment at the time.
That is the indicator in a nut shell, as always, please let me know your questions and suggestions below!
Safe trades and enjoy!
For access, please review the instructions below.
This is the Volume Grid indicator. It is essentially very similar to the Volume Profile Histogram indicator I released, but this premium version overlays on the chart and provides you with the tradeable ranges and the volume composition in each range. So let's get into it!
What it does:
This indicator cumulates buy and sell volume over a user defined lookback period in addition to calculating the average ranges that the stock trades in and the volume composition in each respective range.
It then paints these ranges based on the volume composition. Red means selling and green means buying. However, the brighter the red or green, the higher the buying or selling (essentially a heatmap).
The indicator will also provide you alerts when there are buying or selling volume spikes and circle the candle in which that has happened on (see example in main chart).
These alerts can of course be toggled on or off.
Trading with it:
This indicator can be used as a stand alone trading indicator, and here is how:
The ranges act as support and resistance. Within each range you can see whether the composition is buying or selling.
If we are in a green zone, it means there is buying and it is essentially a buy the dip situation (see below example):
When we are in a heavy selling zone, its essentially a short the rip situation:
You can also see when a zone transfers from a bearish or bullish zone, to the inverse:
The indicator also will plot a POC (point of control). Because we are not only pulling from daily volume data, we will already have a well established POC going into open:
This was SPY on Friday. The POC marked the current point of control from a volume perspective, which was at 482.
And here is what happened:
The POC will change colours between Red and Green, if its a bearish POC it will turn Red, bullish green. For the most part, both the bearish and bullish POCs remain within the same range but sometimes they will diverge and the indicator will alert you when this happens.
Additional options:
In addition to toggling off and on the alerts, you can also change the text colour and size.
As well, there is an option to "Condense Range". What that will do is reduce the range by a factor of 2 (in half). This will give you more aggressive support and resistance levels that you can play.
Condensed Range:
Uncondensed Range:
Personally, I prefer the condensed range, especially when trading leveraged shares, because I treat them as support and resistance levels and play breaks of them in either direction.
And last but not least, you can adjust the ranges to the daily, hourly, monthly or any timeframe you want, you simply select your desired timeframe and it will plot the ranges for that specific period:
SOXL on the week:
The yellow line represents the current period open. It is your reference line and frequently will act as support and resistance, depending on the market sentiment at the time.
That is the indicator in a nut shell, as always, please let me know your questions and suggestions below!
Safe trades and enjoy!
For access, please review the instructions below.
版本注释
Updated to include an accessible, two tone only colour palette per request. 版本注释
Quick fix on the volume alerts. 版本注释
1 Last fix! Volume alerts again.版本注释
Added the ability to select between the Volume Range and an ATR range. 仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系Steversteves。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
For access, please contact me on Tradingview or visit http://www.patreon.com/steversteves
Get:
- Live Updates,
- Discord access,
- Access to my Proprietary Merlin Software,
- Access to premium indicators,
patreon.com/steversteves
Now on X!
- Live Updates,
- Discord access,
- Access to my Proprietary Merlin Software,
- Access to premium indicators,
patreon.com/steversteves
Now on X!
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系Steversteves。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
For access, please contact me on Tradingview or visit http://www.patreon.com/steversteves
Get:
- Live Updates,
- Discord access,
- Access to my Proprietary Merlin Software,
- Access to premium indicators,
patreon.com/steversteves
Now on X!
- Live Updates,
- Discord access,
- Access to my Proprietary Merlin Software,
- Access to premium indicators,
patreon.com/steversteves
Now on X!
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。