The Mean Distance Indicator
The distance indicator is a market regime technique that measures the relative distance between the market price and the moving average. To calculate the indicator we can follow these steps:
Calculate the difference between the market price and the current moving average value.
Calculate the RSI on the differenced values.
This is a relative strength model for Indian Stock Markets where in the price of the stock in the current scenario is compared with the benchmark indices ( NIFTY / BANKNIFTY) over a period of 55 days ( by default).
This indicator also has RSI and Supertrend built-in by default. Hence this indicator can be used in place of 3 indicators.
How to use?
1. When the...
This indicator will detect the candle has volume "too strong" base on "n" previous candle.
The Yellow Line is avg volume base n candle previous.
The Red line show over power volume of canlde.
Important : This indicator can use for forex, but i recommend it for binary options only.
This indicator detects abnormal spike up of volume (Vol) and analyze price action in a very specific manner. so it may give us high probability wining setup.
It was build for BUY setup only, it's good for crypto market and you also can use for stock market but it is not suitable for FOREX.
The default setting values is 4H time frame, use can adjust value for...
This indicator divided volume on size of candle. It developed base on the volume, and its fluctuate make a good perspective to user to analyze the market.
AGGREGATED ETHEREUM VOLUME INDICATOR (spot & derivatives)
This indicator aggregates volume for the most liquid ethereum pairs AND instruments, from exchanges known to *not* have fake volume . A few legit exchanges are missing as not available in Tradingview at the moment (e.g. FTX US).
Volume is separated into four categories: spot (stablecoin pairs), spot (fiat...
Bug fixed from v2. Currently adds up values correctly.
Note: To get more accurate readings reduce the time frame. For some reason it isn't counting the last bar and I am not smart enough to figure out why.
Builds on Ceyhun's "Buying Selling Volume" indicator. This version allows users to define periods by effortlessly dragging two points or you may define...
Shows relative volumetric strength of a trend.
The column bars show relative strength in percentage.
The color is based on the change in strength in comparison to the previous bar.
The EMA is used to determine if one should enter/exit or stay.
AGGREGATED BITCOIN VOLUME INDICATOR (spot & derivatives)
This indicator aggregates volume for the most liquid bitcoin pairs AND instruments, from exchanges known to *not* have fake volume. A few legit exchanges are missing as not available in Tradingview at the moment (e.g. FTX US).
Volume is separated into four categories: spot (stablecoin pairs), spot (fiat...
Credits go to vyperphi696 and LazyBear for the original OBV with Divergence script.
This indicator has the new option to check for momentum divergence, which I have done by adding RSI and MACD data.
Hence the indicator allows combined testing of volume and momentum divergence. This feature aims to improve trend reversal detection by reducing false...
This script represents a simple footprint system which can currently be applied on time based candles only.
Options:
Display Bid/Ask volumes at price
Display horizontal delta at price
Highlight Buuying/Selling/Both imbalances at price (default, green, red or orange(both) background color)
Highlight the POC of the current candle (yellow cell border)
...
This indicator tracks large marker maker orders and draws support & resistance levels based on where those orders came in. It allows you to track what the market makers are doing and place your trades in line with them. Look for the lines to suck up to the price and that will show you where large orders are coming in which is where reversals will happen or trend...
William Blau Ergodic Tick Volume Indicator (TVI) is a volume/volatility indicator that is used for finding reversals in price movement
What is William Blau Ergodic Tick Volume?
This is one of the techniques described by William Blau in his book "Momentum, Direction and Divergence" (1995). If you like to learn more, we advise you to read this book. His book...
This simple but beautiful script does a few things;
It modulates the transparency of drawn candles based on trend strength
It modulates between the specified buy and sell colours based on volume - e.g. higher buys = stronger buy colour, higher sells = stronger sell colour
It draws configurable RSI supports and resistances
It solid fills candles that close...
█ OVERVIEW
This indicator displays The Lower TimeFrame Candles in current chart, Like Zooming in on the Candle to see it's Lower TimeFrame Structure. It plots intrabar OHLC data inside a Label along with the volume structure of LTF candle in an eloquent format.
█ QUICK GUIDE
Just apply it to the chart, Hover the mouse on the Label and ta-da you have a...
Combines VWAP and Moving Average indicators into one single indicator.
VWAP Indicators
Anchored VWAP (you can change the anchor, default 1 day)
VWAP Standard Deviations (editable, default 1 and 2)
VWAP Fibonacci Deviations (editable, default 61.8% and 161.8%)
Fill Colors for the VWAP extensions to essentially create VWAP channels.
Moving Averages...
This is a combination of
- RSI (relative strength index)
- MFI (money flow index)
- Divergences on the RSI
MFI behaves much the same as RSI but it more responsive/to some degree a leading indicator. I find it helps having this overlayed with RSI to help gauge price action and sentiment, as well as for confluence with RSI.
=============================================================: BOB The Reversal Trader :=============================================================
COMPONENTS:
- VWAP Anchored at Friday CME close
- Bitcoin CME close
- Volume bars
DESCRIPTION:
BOB is a mean-reversion trading system focused in BTCUSDT asset in the 30M time frame. The system is divided into 2...
![USDCAD: William Blau Ergodic Tick Volume Indicator (TVI) [Loxx]](https://s3.tradingview.com/z/Z4Pi5Cuh_mid.png "William Blau Ergodic Tick Volume Indicator (TVI) [Loxx]")
![BTCUSDTPERP: [BUBBLENUKE] BOB The Reversal Trader Indicator](https://s3.tradingview.com/v/vdBQycX0_mid.png "[BUBBLENUKE] BOB The Reversal Trader Indicator")
