This indicator attempts to detect moments of abnormal and accelerating increase in volume. Because pumps happen over short time frames, this script is potentially better used on smaller timeframes (1 - 15 minutes). It takes two inputs: The length of the lookback for the volume rate of change (vroc) calculation (default=20), and The threshold over which a pump...
Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback
(Strong or Weak Bulls // Strong or Weak Bears)
Candles / Bars Indicate the Following (default 13 period lookback / Length)
MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume
RED Bear Candle while VOLUME is...
Measures buying and selling pressure over a given lookback period.
As described at traders.com
See also:
- Are price updates a good proxy for actual traded volume in FX?
- Using Tick Volume in Forex: A Clear NVO Based Example
idea take from Alexander Elder, author of: The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management
Meaning of colouring:
- Green bar Volume: If we look back certain numbers of volume bars, higher close price and higher volume.
- Blue bar Volume: If we look back certain numbers of volume bars, higher close...
Plots lines of June and Sept. Includes Index (BXBT) and an optional line to show the average of seven exchanges.
Those seven exchanges are:
(BINANCE:BTCUSDT+POLONIEX:BTCUSDT+BITTREX:BTCUSDT+BITFINEX:BTCUSD+BITSTAMP:BTCUSD+COINBASE:BTCUSD+OKCOIN:BTCUSD1W)/7")
I plan on adding a switch to switch off the prices and show premiums. I may just make a different...
This volume indicator works best on comparatively small timeframes (15 minutes, for example).
Based on:
- Normalized Volume Oscillator - indicator for MetaTrader 4
- Using Tick Volume in Forex: A Clear NVO Based Example
See also:
- Are price updates a good proxy for actual traded volume in FX?
This is almost identical to OBV EMA 13 here , with the only difference being that the lookback period is customizable by the user in the indicator settings.
(not sure why the text in the image above is messed up; it looked good before publishing. The oscillators above are (from top to bottom) StochOBV, OBVOSC (LazyBear), OBV)
Applies the Stochastic Oscillator to OBV the same way StochRSI applies the Stochastic Oscillator to RSI.
Features:
- Bounded between 0 and 100, so it may be used for overbought/oversold...
The Money Flow Index (MFI) is an oscillating momentum and market strength indicator that was developed by Gene Quong and Avrum Soudack. It is also a leading indicator, which means it tends to lead price action, and is similar in calculation as J. Welles Wilder's Relative Strength Index (RSI) with the significant difference being that the MFI uses both price and...
![XBTUSD.P: BitMEX Futures: XBTM18 | XBTU18 | Index | Average [NeoButane]](https://s3.tradingview.com/n/NK5mpmPo_mid.png "BitMEX Futures: XBTM18 | XBTU18 | Index | Average [NeoButane]")
