Ranged Volume Study - R3c0nTraderCredits:
Thank you "EvoCrypto" for granting me permission to use "Ranged Volume" to create this version of it.
What is this and What does this do?
This study shows the ranged volume, and it can be used to produce buy signals for a 3Commas bot.
What’s different about this script?
I added code so that negative volume has its own color settings and lower opacity than the positive volume.
I changed the color scheme from Yellow, Red, Green, and Black to Yellow, Red, Light Blue, and Dark Blue.
How to Use
1. On the “Inputs” tab:
a. Set your “Volume Range Length” (number of bars to look back)
b. “Heikin Ashi” – Usually I leave this enabled. Make sure this matches what you have in your strategy!
c. “Show Bar Colors” – Leave disabled. Let the Strategy script color the bars in the price chart.
d. “Show Break-Out” – Leave enabled. Highlights the volume breakout in yellow and breakdowns in red.
e. “Show Range” – Leave enabled
在脚本中搜索"volume"
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 .
Current bar predicted volumeDrag this indicator in the same panel with the volume in the object tree, then right click on the scale bar and set "merge all scale into one" for a correct visualization.
This indicator multiply the current traded volume of a candle with the total time of that candle. This offer a prediction of where, in case the volumes would keep trading at a comparable magnitude, the volume bar would close when the candle will close.
The predicted volume is indicated with a blue short line above the current volume bar, and updates in real time.
I find this indicator extremely useful to offer at a glance an idea of an ascending or descending volume pattern, that can serve as confirmation for a reversal or breakout for example.
Very suitable for short time frames, where decisions have to be taken fast.
Enjoy,
Luca.
Volume Profile and Volume Indicator 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.
The histogram is used by traders to predict areas of support and resistance. Price levels where the traded volume is high could be assumed as support and resistance levels.
Price may experience difficulty moving above or below areas with large bars. Usually there is a great deal of activity on both the buy and sell side and the market stays at that price level for a great deal of time
It is advised to use volume profile in conjunction with other forms of technical analysis to maximize the odds of success
Light version of Volume Profile is added to Price Action - Support & Resistance by DGT
SonicR PVA VolumesI decided to practice and rewrite some interesting scripts from mt4 to pinescript for myself, all credits are in the source code.
An interesting indicator, I decided to post it like all other alternatives have closed source code, I hope it will be useful for someone!
With this indicator, you can filter small volumes, thereby making less noise so that you notice a possible trend reversal.
For example, rising/extreme factor set to - 1.263, some volume was filtered, now it's more easy to understand, isn't ?
Per Volume Price ImpactLiquidity, Information and Market Timing
* Market Liquidity
The term liquidity can refer to many things in finance. In this article, we will limit the scope of discussion to the market’s ability to transact without incurring a significant increase in volatility.
As we know, liquidity and volatility have an inversed relationship — the more ample the liquidity, the lower the volatility (attributed to transaction cost, price movement and, so on). With this understanding, we can say large movements in the market are driven by low liquidity. This does not seem to make sense because the markets are huge, how can it possibly be illiquid? Now, this has to do with how the market operates and how exchanges occur (This topic concerns the area of market microstructure).
* Order Book & the Trading Process
So how does a transaction actually occur in the market? Let’s assume we open a position with a market order. In this case, you will get the price on your quote board if there are enough units of assets people are willing to sell at that price. If there are not enough units, you will buy from the second-best price and so on until your order is filled. Now in the second case, as the order is being filled, the change in price is recorded. Therefore, if someone wishes to move the market, theoretically, they just need to buy up or sell up but it is problematic to do so.
Here is why:
while dry up the liquidity can make huge moves, it is inefficient to do so.
it takes a lot of money to do that
your position will be exposed, someone more resourceful than you may go against you and that is a huge risk
market manipulation charges
when you open a position, the entry price of the position is essentially a VWAP (volume-weighted average price). If you attempt to move the market and open a buy position at the same time, you will have a higher VWAP, eating into your own profit.
I think these reasons are sufficient in establishing why opening a position and drying up liquidity to profit is a dumb idea. But of course, the institutions are not stupid, the alternative is to enter your position first then move the market.
To measure liquidity one of the tools people use is the order book. It can offer an overview of the sentiment (by looking at the orders and changes in volume) and how people are positioned (if the broker offers such data). In my opinion, open interest is a much better tool than order as it records the transactions that have occurred, hence less prone to manipulations (google: “Navinder Singh Sarao”, the trader who used fake orders to manipulate algorithms to crash the market).
But to quantify the order book is so much work as well (there are ways, just difficult), what we can do is to make things simpler.
* Quantify Market Impact
We know price and volume reflect information, while the past technical information has no predictive power per semi-strong form of EMH, empirical studies have often tested this theory over a longer time horizon. In our case, precisely due to the mechanism of exchange and human behavior (The lack of incentive to move the market right away) we can, in the very short term (often intraday), foresee if the market is going to move or not. Back to the very definition of liquidity being the ability to transact without moving the market significantly, we can take this definition and quantify it with this formula:
Market Impact = (High — Low) / Volume
Why specifically “high — low”, because that’s the complete information in that moment and it is corresponding to the volume. A little crude but it is the simplest form.
A few things to take note of here:
We can only know the complete picture once the candle is complete. This is fine in most markets because it takes time to gather money and orders.
We often see high liquidity during certain time of the day, for example, when the market opens and so on. As a result, we need to take some scientific approaches to transform the data.
Now, this looks much better. To interpret this graph, the lower the value, the lower the market impact, the deeper the liquidity.
* Generate Tradable Insights
To generate trade ideas isn’t a difficult task, we all know the RSI, MOM, STOC, etc. all the indicators attempt to draw boundaries, and we can do the same but we need to be a little more advanced and critical.
step 1: we first need to normalize the data. To do that we will take the log of the values to make the skewed distribution normal. The result isn’t ideal if you zoom out but I think this is decent enough to work with. Here is
This is still not a stationary time series, but it looks stable enough and it mean-reverts. So we turn to our lovely standard deviation bands for help.
Step 2: Because this is not a stationary process (visually, you can test it statistically if you wish), we cannot just take sample mean and SD and also because we want to show off our data skills, so we turn to move averages and regressions. I’m going to use moving regression here because I think it is better (mean can be distorted by large values by a larger margin and it lags)
I’m using the moving regression band on TradingView and 1.5 SD here for convenience, you can try to optimize the parameters with codes or other regression models if you wish. But I think it is more important to understand the rationale here.
This step is essentially trying to figure out the anomalies in liquidity so that we can see when there is deep liquidity. This is also why choosing the parameter is crucial because you are essentially approximating how much informed trading is taking place (This is a concept in market microstructure for brokerages to set their spreads but it is not a good tool in a liquid market). By setting the level at 1.5 we are assuming about 86% of the time the market is in what we consider a normal liquid state. (again it is arbitrary, but based on the 68–95–99.7 rule of normal distribution). The rest of the time will be either low or high liquidity, When liquidity is deep, it perhaps, signals institutional money is pouring into the market and big moves may follow.
* Conclusion
There you have it, how to enter the market with the big bucks. But do take note there are plenty of assumptions and a lot to improve on here.
Advanced VolumeThis simple indicator improves upon the built in volume indicator by adding the following:
-Option to use an EMA instead of SMA
-Advanced Coloring: Lighter bars show growing volume, darker bars show falling volume. Gray bars show very low relative volume (less than or equal to 50% of the moving average), while bars which have a highlighted background have a high relative volume( you can choose the threshold level, default is 2 times the RVOL).
Enjoy!
Volume Profile / Fixed RangeHello All,
This script calculates and shows Volume Profile for the fixed range . Recently we have box.new() feature in Pine Language and it's used in this script as an example. Thanks to Pine Team and Tradingview!..
Sell/Buy volumes are calculated approximately!.
Options:
"Number of Bars" : Number of the bars that volume profile will be calculated/shown
"Row Size" : Number of the Rows
"Value Area Volume % " : the percent for Value Area
and there are other options for coloring and POC line style
Enjoy!
Aggregate BTC Volume + EMA Strat// This strategy buys when the price crosses the Fast EMA. It can go long only
// when the price is above the slow EMA and short when is below. The exit
// is determined by volume spikes, when the volume is greater than the Volume
// MA multiplied by the assigned input multiplier. Thanks to MartinShkreli
// for the Aggregated BTC volume. There is also a Maximum Loss filter which
// should be modified depending on the traded market.
Volume Level with AlertThis script is made by Bollinger Bands and Volume , BB is using customize setting to filter the surge volume.
Good to use in Cryptocurrency
When Volume Breakout and price is drop, chance to collect at lower price
Try to find out Price * Volume Divergence , a best entry point with low risk
Volume per PointHello everyone <3
I present to you guys my new indicator Volume per Point (VP)
As suggested by the title, this script gives you the volume for every point.
Here's a run down on specific features:
SUBCHART COLUMNS:
The columns can be the following four colors:
Green - There was an increase in VP
Red - There was a decrease in VP
Yellow - There was divergence between volume and candle range
Purple - There are signs of exhaustion compared to the previous candlestick
SUBCHART HISTOGRAM:
The histogram can be the following two colors:
Lime - Buying volume
Red - Selling volume
I left you guys the ability to change the multiplier on the volume in settings just incase it's too small or too big compared to the VP. Decimals are allowed!
CANDLESTICK CHART:
The candlesticks can the following two colors:
Yellow - There was a divergence between volume and candle range
Purple - There are signs of exhaustion compared to the previous candlestick
FILTERS
In the settings, you're able to add the following two filters:
RSI Filters - RSI must be below or above the specified value for the divergence or exhaustion to trigger
Percent Filters - The candlestick range or volume must be higher or lower than the specified value depending whether it's divergence or exhaustion.
This is a very helpful tool if you're interesting in reading volume. It also facilitates finding market maker activity depending on the size of the VP. Sudden abnormal spikes in VP usually do signal something and that's up for you to figure out :)
Thank you for your time to read this
~July <3
HMA VolumeVolume smoothed by Hull Moving Average . Basic, so not much to say really.
It has a multi timeframe function, so you can for example, look at the hourly volume, on the 15 minute chart, or whichever timeframe combo you choose.
Use it to see volumes trend is increasing or decreasing
BankNifty Volume Indicator
KEY TAKEAWAYS
- Uses BankNifty Index Stocks Volume.
- BankNifty Volume Indicator is created by adding all BankNifty Stocks Volume together.
- BankNifty Volume will be an important indicator in BankNifty Index technical analysis because it is used to measure the relative significance of a market move.
- The higher the volume during a Banknifty index price move, the more significant the move and the lower the volume during a Banknifty index price move, the less significant the move.
- Moving Average is also added.
NSE:BANKNIFTY
Nifty Pharma VolumeThis indicator plots volume for the index Nifty Pharma using data from it's constituent stocks.
Code taken from @daytraderph 's script called Custom Volume.
ETS Prox Cumulative Volume Delta BBThis script is based on the work originally done by kprsa for the Monster Cumulative Delta indicator, but adds Bollinger Bands and upgrades it to version 4 from version 1.
It is an approximation of the Cumulative Delta Volume that is usually based on volume differences between market and limit orders, but because that data is not available, this indicator allocates a portion of the volume of a candle to the "upward" and "downward force" of each candle.
The upward force of a "Buy" candle is calculated by the High-Low
The downward force is calculated by (High-Close)+(Open-Low)
"Sell" candles are calculated in the same way just opposite
Total force=up force + down force
Up volume approximation = candle volume * up force/total force
Down volume approximation = candle volume * down force/total force
The result is similar to OBV, but not exactly the same, and allows for a "candle size" which you can't get with On Balance Volume.
I had never used a Cumulative Delta Volume indicator before, but when I started using it myself, it proved very effective when there was a deviation from price. It was also very effective in my opinion when Bollinger Bands was added to assess the standard deviation of the CDV compared to the Bollinger Band of price and looking for areas where the CDV reaction to hitting or getting close to the BB was different.
I hope you find it useful! Of course, it comes with no guarantee of profits or any investing advice whatsoever.
Performante's Average Bitcoin Volume EMA Indicator This is the average Bitcoin volume with the data collected from the major retail exchanges + the exponential moving average (EMA) for the volume added on to better understand relative volume.
Thank you Julio!
Vision VolumeAfter reading an article on how to trade volume I felt that I needed some kind of indicator using price action and volume together.
More precisely I tried to build two indicators. Bear in mind this indactor is very simple because it only evaluates each bar with its previous bar and an average.
Nr.1 Weak/fake push: Price suddenly goes up/down a lot more but without much volume being traded -> sign of a fake move or low interest
Nr 2 Price action resistance: After an up or down move price suddenly stops moving but high volumes are being traded. This means high resistance from sellers in a rally or buyers in a decline.
This is very simple and as you can see it is often not a clear signal. I will try to improve it further. If a fake move bar (purple) has a close near its new high we don't know if the fake push will continue. As you can see on the chart. some reversal signs come a little to early.
You can re-color labels and turn them off optionally.
This is built for educational purposes only. I hope you find it useful.
Design by Hook
Pre-Market Volume ProfileThis indicator displays the pre-market volume (note: without the post-market of the previous day).
Unusual pre-market volume often indicates that institutional market makers are moving the market, which is a good sign for unusual high price movement.
The indicator helps me to spot stocks, if a pre-market gap is confirmed with enough (unusual) volume.
You can define, what "unusual" means by you, by adjusting the SMA length and the SMA multiplier.
The default is a length of 21 bars and a 2.5 multiplier, meaning I'm interested in a stock, if the pre-market volume exceeds the average pre-market volume by 2.5 times.
Rolling Net VolumeMay still make changes, the current study should be helpful as is. Looking to highlight potential relative trend exhaustion in net volume. Should be most effective for stable supply assets. We're looking at an 100 day moving average of net volume essentially. The values of the RNV are slightly exaggerated to help with visibility PLEASE bear this in mind. Never the less, you can look at many commodities and notice moderate and extreme trend exhaustion on the positive and negative side using the transparent bands above and below. The less transparent red band perhaps suggests an opportunity to open a position against the current direction. It's not perfect, I may try to improve it. I am definitely open to feedback and appreciate it very much in advance.
Multi MA on candlestick volume indicatorUses 5 volume moving averages to change the candlestick color depending on how high above average volume is.
The volumes plotted at the bottom of the chart are set to the same settings as the indicator, you can see the volume bars that stick higher above the orange moving average are a different color on the chart to the smaller ones.
Any volume bar that is below the moving average is colored purple.
Nifty Volume profile + VWAP + EMA The script picks up nifty stocks with their current respective weights and plots a Volume Weighted Average Price line along with 2 EMAs and an alert when the EMAs cross over.
You can customize the script for EMA lengths and to remove alert. Basic utility of the script is to analyse volumes driving the Nifty 50 index.
Credits to @daytraderph and his script (Custom Volume) who's code I used to build this script. Also thanks to my friend @Varun who helped me code it.
Climatic Volume X- Climate volume detection
- Relative volume value in bar
- Automatic zone generation (possibility of configuration)
- Additional features
¡¡¡Thumbs up¡¡¡
SR vs VolumeThe main idea is that the volume confirms the price.
Volume part is based on the Volume with Direction indicator, but modified - now: 1) it is not restricted by length and uses all available data 2) it absolute, not relative.
The SR part is also based on identifying high/low/higherhigh/lowerlow. On price it uses wicks.
Then script trying to predict possible divergencies.
It "predicts" because it is using not confirmed HH and LL: for example, any high over resistance counts as HH.
SR plotting is available in options.
Scrypt plots dots:
hidden bear div =color.orange
hidden bull div =color.lime
bear_div =color.maroon
bull_div =color.green
Because of using unconfirmed HHLL states this dots is early signals, needs to be manually verified.
By standard only first dot of signal plots, plotting of signal tails is available in options.
Commentary for the screenshot.
Green dots pointed by arrows is signaling for bull div, it confirms on VD indicator bellow.
The first pointed (lower) maroon dot is faked because of VD indicator not confirmed HL. This have no tails as it was invalidated on the next candle.
The second pointed (upper) maroon dot is bear div: HH by price and LH by volume.
