Last Candle OHLC (Ticks or Points)What the Code Does
1. **Draws Lines and Labels**:
- It draws lines on your chart to show the high, low, open, and close prices from the previous period (like the previous day or week).
- It also labels these lines with numbers that tell you how far the current price is from these levels.
2. **Shows Price Movement**:
- You can see how far the price has moved from these levels in terms of small price changes (ticks) or larger units (points).
- This helps you understand price movements and potential levels of support or resistance.
3. **Customizable**:
- You can choose whether to show these lines and labels, and you can select if you want to see the movement in ticks or points.
- The lines can extend into the future on your chart to help you anticipate where prices might be in the coming days.
### How It’s Useful:
1. **Identify Key Levels**:
- It helps you spot important price levels from past periods, which can act as support or resistance.
2. **Understand Price Movement**:
- You get a visual sense of how much the price has moved from key levels, which can help you gauge market volatility.
3. **Plan Trades**:
- By seeing where the price has been and how it has moved, you can better plan your trades, like deciding where to enter or exit based on these levels.
4. **Flexible for Different Markets**:
- It works across various markets, like stocks, futures, and forex, adjusting to the specific characteristics of each instrument.
In short, this tool helps you visualize and understand past price movements and levels on your chart, aiding in your trading decisions.
Ticks
Deep Volume [ChartPrime]Deep Volume is an indicator designed to give you high fidelity volume information. It does this by utilizing real time data provided by Tradingview to generate a wide range of metrics. We have included a convenient column chart to visualize the polarity of the volume, and a table to see the real time data. This works by utilizing pine script's varip feature to get information within candles. This is convenient as it allows users to get lower time frame information without the use of ltf functions. The result is seconds level data with out the need to be on a lower time frame chart. As a result, as you increase the time frame of the chart the updates will become slower. This is because Tradingview doesn't update the chart information as frequently on higher time frames as there isn't as much of a need.
This indicator works on real time data so to compensate for this we generate a simulated history based on candle structure. This helps in estimating the state of the moving average before the real time data starts. As a result the estimated history isn't as accurate and should be treated as such. That being said it is nice to have an estimation when the indicator is first loaded onto the chart.
Finally we have included a cumulative volume comparison that shows you how much volume there is compared to the average cumulative volume for the day. This metric utilizes a gradient to help you interpret the information at a glance. Low daily volume is represented with grays by default, while normal volume and greater is represented with a green color by default.
The table is partitioned into two sections; tick data, and average data. On the left you will see color coded information based on the direction of the move. On the left, the information is color coded based on the average movement direction. You can control how much information is displayed in the table within the indicators settings. This is defaulted to 20 but it can be as long or short as you like. Every new candle open the far left of the table you will see a 🗘 symbol and at the start of a new session you will see a 🗓 symbol.
The included metrics are as follows:
Time: This displays the time of the real time data update.
Time Delta: This displays the elapsed time between updates.
Order Size: This is the volume times the price change between updates.
Volume: This is the volume change for the update.
Price Change: This is the change in price since the last update.
Price: This is the price of the asset at the time of the update.
Speed of Tape: This is the average time delta. Use this to see how quickly the market is moving.
Average Order Size: This is the average order size.
Average Volume: This is the average volume
Volume Ratio: This the the ratio of bullish to bearish volume as expressed by a percent. 100% is all bullish within the window and -100% is all bearish within the window.
Average Price Change: This is the average price change within the window.
Sensitivity: This is a volatility metric designed to show you the price change per 1 volume unit.
Relative Sensitivity: This is a volatility metric designed to show you the average price change per average volume.
Enjoy
Tick based chart [DotH]Version 1.0 - 2nd January 2023
Hi All,
This is my first published indicator, although I have written several hundreds for private use.
Description
Tick based chart
I got intrigued while reading about tick based charts on this page (please note this link/website owner is not affiliated with me) , so I decided to see if it would be possible to recreate this type of chart in TradingView, and here's the results.
This is an implementation for displaying a tick based chart in Trading View. There are benefits to using ticks based candles, as each candle represents the same number of "price moves" rather than an unknown number of moves.
Tick based charts are charts with candles that are rendered in the same way as traditional candles. However, instead of rendering a new candle at a specific time period,tick based candles are rendered after a set number of ticks have occured. For example, in a 50 tick chart, each candle that you see represents exactly 50 ticks, i.e. 50 price changes/moves. Having a view of what happens on the tick level, may help some traders evaluate what is happening within very large candles, or even detect a change in trend, volatility or some other metric which otherwise may not be visible using a standard chart.
Please note that this indicator DOES NOT match/synchronize timewise with the main chart in TradingView. You must view it independently. If you need to see what times are represented in the tick chart, you can look at the custom time labels and X-Axis grid lines in it to get an idea what parts of the tick based chart correspond to the main chart.
Limitations/known issues:
Currently the indicator has been restricted to 100 candles. This is for limiting the line and box usage to a max of 300 objects.
On timeframes above 1 minute, the seconds values will always be 0. In order to be able to see seconds values in the chart scale you need to be on a second level chart, which requires a premium TradingView subscription.
Changing the parameters in the settings will cause the chart to empty and start redrawing from its first candle again. This is because the tick chart is being drawn from realtime data, unlike the standard TradingView charts.
TODOs & Bugs:
Add some moving average indicators (SMA, EMA as a minimum)
Add a corresponding tick based volume chart
Create RSI, MACD, BB variations of this indicator
If you have any ideas/suggestions or bug reports, please feel free to let me know, however keep in mind that I do not have too much spare time to add things, so updates are going to be sporadic.
ABOUT CODE REUSE:
The code is free to use/change. However, if you plan to use this code to make a derivative indicator or strategy, it would be nice to know, so let me know if you feel like it!
TICK IndicatorSimilar to the USI:ADD index, the NYSE TICK index measures the number of stocks with in the index with positive ticks versus negative ticks. Levels such as +/- 1000 or +/- 2000 can be considered as areas of overbought and oversold.
CFD Ticks LevelsSimple but very effective script that finds areas of support and resistance through ticks exchange. Only works with CFDs
(You must enter in the settings the value corresponding to the CFD, example: US500 = 500, DAX30 = 30, FRANCE40 = 40 etc ...)
As usual, if you have any suggestions or bug reports don't hesitate.
Cheers
