ORDER BOOKorder book vp
order book vp is a visual trading tool designed to read volume, buy pressure, sell pressure, and important price zones directly on the chart.
it combines a visual order book panel, a volume profile, an intrabar buy / sell engine, delta tracking, poc, value area, hvn / lvn zones, quantity labels on candles, and a compact dashboard.
the goal is simple: help the trader see where volume is building, where price is reacting, where buyers dominate, where sellers dominate, and which price zones can become important decision areas.
important: pine script does not have access to real level 2 order book data or resting limit orders. this tool does not display real exchange depth. it builds an order book style view from traded volume, volume-at-price, and intrabar analysis.
this gives a clean reading of traded flow, not a promise of real exchange order book depth.
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main features
order book panel
shows a price ladder with levels around the current price. levels above price represent ask / sell pressure. levels below price represent bid / buy pressure.
fast order book effect
adds a fast reactive effect to the panel. the panel reacts to current buy / sell pressure, volume, candle body, and close position inside the candle.
volume profile
displays traded volume by price level. this helps identify where the market has exchanged the most volume.
poc
the point of control shows the price level with the highest volume inside the selected lookback window. it is often an equilibrium, reaction, or decision zone.
vah and val
vah is the upper boundary of the value area.
val is the lower boundary of the value area.
these levels help define the main area where the market built volume.
hvn and lvn
hvn means high volume node.
lvn means low volume node.
hvn zones can act as acceptance areas. lvn zones can act as rejection areas, acceleration zones, or liquidity gaps.
quantity labels
shows traded quantity on recent candles, with delta if enabled. green labels show buy dominance. red labels show sell dominance.
delta candle coloring
colors candles based on buy / sell delta dominance.
dashboard
summarizes important data: poc, vah, val, current candle buy / sell, delta, cvd, pressure, and intrabar source.
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inputs guide
intrabar timeframe
lower timeframe used to estimate buy and sell volume. the lower the timeframe, the more detailed the reading. for example, on a 15 minute chart, using 1 minute gives a finer intrabar view.
lookback
number of candles used to build the volume profile. a higher value gives a broader view. a lower value makes the profile more reactive.
price levels
number of rows used in the volume profile. more rows give more precision, but also use more resources.
show order book panel
turns the order book panel on or off.
visible levels
number of price levels displayed inside the order book panel.
depth bar length
visual length of the depth bars inside the order book panel.
panel position
sets the position of the order book panel on the chart.
detect walls
enables detection of large volume levels.
wall multiplier
defines when a level is considered a wall compared to average level volume.
fast order book effect
turns on the fast reactive order book effect.
fast effect power
makes the order book effect more or less aggressive. higher values make the panel react faster.
fast level decay
controls how far the fast pressure effect spreads around the current price.
flash active levels
highlights active levels when buy or sell pressure is strong.
show volume profile
turns the volume profile on or off.
split buy / sell
splits the profile into buy volume and sell volume.
profile width
sets the visual width of the volume profile.
profile offset
sets the visual offset used for profile elements.
show poc
shows the point of control.
show value area
shows vah and val.
value area percent
sets the percentage used to calculate the value area.
mark hvn / lvn
shows high volume nodes and low volume nodes.
hvn multiplier
sets the threshold for high volume nodes.
lvn multiplier
sets the threshold for low volume nodes.
vp buy opacity
controls the opacity of the buy side of the volume profile.
vp sell opacity
controls the opacity of the sell side of the volume profile.
show quantity labels
turns quantity labels on or off.
on last n candles
defines how many recent candles display quantity labels.
show delta
shows buy minus sell delta inside the quantity labels.
quantity label spacing
increases or decreases the distance between candle labels and candles.
color candles by delta
colors candles based on delta dominance.
show dashboard
turns the small information panel on or off.
dashboard position
sets the position of the dashboard.
strong bar ratio
sets the threshold used for strong buy or strong sell alerts.
bid / buy
sets the buy side color.
ask / sell
sets the sell side color.
poc / accent
sets the poc and main accent color.
neutral
sets the neutral color.
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how to use order book vp
start by choosing the asset and timeframe that match your trading style.
for scalping, use 1 minute, 3 minutes, 5 minutes, or 15 minutes.
for intraday trading, use 15 minutes, 30 minutes, or 1 hour.
for swing trading, use 4 hours or daily.
turn on the volume profile and watch the poc.
when price stays around the poc, the market is often balanced.
when price moves far away from the poc, the market may be in a displacement phase.
watch vah and val.
between vah and val, price is inside the main value area.
above vah, the market may be in bullish expansion or excess.
below val, the market may be in bearish expansion or excess.
watch hvn zones.
an hvn is a zone where a lot of volume was traded. price can return to this area because it represents acceptance.
watch lvn zones.
an lvn is a zone where little volume was traded. price can move quickly through these areas because there is less acceptance.
watch the order book panel.
if buy levels become stronger below price, it can show buying pressure.
if sell levels become stronger above price, it can show selling pressure.
watch the candle quantity labels.
positive delta means more buy volume.
negative delta means more sell volume.
if price rises with positive delta, buyers are supporting the move.
if price rises while delta turns negative, it can show weakness or absorption.
watch cvd inside the dashboard.
rising cvd shows cumulative buy pressure.
falling cvd shows cumulative sell pressure.
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simple beginner workflow
1. find the poc.
2. find vah and val.
3. check if price is inside or outside the value area.
4. check if the order book panel shows more buy pressure or sell pressure.
5. confirm with the quantity labels on candles.
6. look for reactions around poc, vah, val, hvn, or lvn.
7. always use a stop loss and risk management.
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scalping example
on a lower timeframe, order book vp can help identify fast reaction zones.
example:
price comes into val.
the order book panel shows buy pressure.
candle labels show positive delta.
price rejects val.
this can become a long scalp observation zone if market structure confirms.
another example:
price comes into vah.
the order book panel shows sell pressure.
candle labels turn red.
price rejects vah.
this can become a short scalp observation zone if market structure confirms.
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intraday example
on a medium timeframe, the tool helps identify important volume zones.
if price returns to the poc, it may react because this level is the center of traded volume.
if price breaks above vah with buy pressure, continuation can become possible.
if price breaks below val with sell pressure, bearish continuation can become possible.
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swing trading example
on higher timeframes, the volume profile helps identify major acceptance and rejection zones.
hvn zones can act as return zones.
lvn zones can act as acceleration zones.
the poc can act as a major equilibrium level.
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beginner settings
intrabar timeframe: 1
lookback: 300
price levels: 80
visible levels: 16
show order book panel: on
fast order book effect: on
show volume profile: on
split buy / sell: on
show poc: on
show value area: on
mark hvn / lvn: on
vp buy opacity: 25
vp sell opacity: 25
show quantity labels: on
show delta: on
color candles by delta: off
show dashboard: on
this setup keeps the chart complete while staying readable.
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important notes
do not take a trade only because the panel turns green or red.
use the panel as pressure confirmation, not as a standalone signal.
the most important levels to watch are usually poc, vah, val, hvn, and lvn.
a clean reaction on a level with matching delta is more useful than an isolated signal.
the larger the volume window, the more important the level can become.
order book vp is built to give a clear view of traded flow, volume by price, and buy / sell pressure, so the chart becomes a decision map instead of a random price display.
Indicator
VP AERA ANCHORED vp aera anchored
vp aera anchored is an anchored volume profile tool designed to display a fixed market profile from a selected anchor point, with value area levels, poc, vah, val, anchored vwap levels, market structure context, liquidity information, bull versus bear pressure, dominance, projection and a compact institutional dashboard.
the goal of this tool is to help traders read where volume has been accepted, where price is reacting around value, and whether current conditions are showing more bullish, bearish or neutral pressure.
this indicator is designed for market analysis. it does not place trades, does not predict the future and does not guarantee any result. every signal and level should be confirmed with price action, market structure, liquidity, session context and risk management.
main concept
the script builds a volume profile from a chosen anchor window.
the profile shows where volume was concentrated inside the selected range.
the poc marks the highest volume price area.
the vah marks the upper boundary of the value area.
the val marks the lower boundary of the value area.
the anchored vwap levels show the average traded price of the selected window and multiple deviation levels around it.
the dashboard summarizes useful information such as price location, structure, order book proxy, bull versus bear balance, dominance, projection, liquidity, vwap distance, value area width, window size and last signal.
anchor modes
screen left lock
this mode anchors the profile to the left side of the visible chart.
when you move or zoom the chart, the profile recalculates from the visible left edge.
this is useful for active chart reading and discretionary analysis.
bars back
this mode uses a fixed number of bars.
for example, if bars back is set to 300, the profile uses the last 300 bars.
this is useful when you want a stable rolling profile.
date
this mode starts the profile from a selected date.
this is useful for anchored analysis from a major high, major low, news event, session start, weekly open, monthly open or important market turning point.
profile settings
rows
controls the resolution of the volume profile.
more rows create a more detailed profile with thinner price levels.
fewer rows create a smoother and simpler profile.
max profile width
controls the visual width of the profile on the chart.
higher values make the profile extend further to the right.
lower values keep the profile compact.
high-resolution volume distribution
when enabled, volume is distributed across the full candle range.
this gives a more refined profile than assigning all candle volume to one price area.
delta coloring
when enabled, the profile colors rows using a buy versus sell split proxy.
when disabled, the profile uses a volume intensity gradient.
value area settings
value area percentage
sets how much volume is included in the value area.
the default value is commonly used to represent the main area of volume acceptance.
poc
shows the point of control.
the poc is the price area with the highest traded volume inside the selected profile window.
vah
shows the upper value area boundary.
price above vah can indicate that price is trading above the main accepted value area.
val
shows the lower value area boundary.
price below val can indicate that price is trading below the main accepted value area.
extend levels to current bar
when enabled, poc, vah, val and vwap levels extend toward the current bar.
this makes the levels easier to use as active reference zones.
anchored vwap levels
the anchored vwap is calculated from the same window as the volume profile.
this makes it aligned with the selected anchor instead of using a standard session-only vwap.
vwap
the central anchored vwap line shows the volume-weighted average price of the selected profile window.
vwap plus 1 sigma and vwap minus 1 sigma
these are the first deviation levels around anchored vwap.
they can act as normal reaction zones during balanced market conditions.
vwap plus 2 sigma and vwap minus 2 sigma
these are wider deviation levels.
they can help identify stronger extension from the anchored average.
vwap plus 3 sigma and vwap minus 3 sigma
these are extreme deviation levels.
they can help identify stretched market conditions, but they should not be used alone as reversal signals.
how to use vwap levels
when price is above anchored vwap, the window is generally showing stronger bullish positioning.
when price is below anchored vwap, the window is generally showing stronger bearish positioning.
when price returns to anchored vwap after an extension, the level can act as a balance or reaction zone.
when price holds above vwap and rejects lower deviation levels, buyers may still be defending value.
when price holds below vwap and rejects upper deviation levels, sellers may still be defending value.
dashboard guide
price loc
shows whether price is above value, below value or inside value.
above value can show bullish expansion.
below value can show bearish expansion.
inside value can show balance or consolidation.
structure
shows the current structural bias based on market structure logic.
bullish means price has recently shown bullish structure.
bearish means price has recently shown bearish structure.
neutral means no clear structural bias is active.
order book
this is a proxy reading based on volume and candle range behavior.
it is not direct exchange order book data.
bid means the proxy is leaning toward buyer pressure.
ask means the proxy is leaning toward seller pressure.
bull vs bear
shows a simple pressure gauge.
the gauge stays in the original bar style.
green means bull pressure is dominant.
red means bear pressure is dominant.
the numbers show the estimated bull and bear balance.
dominance
shows which side currently dominates the pressure model.
bull dominance means buyer pressure is stronger.
bear dominance means seller pressure is stronger.
neutral means neither side has a strong advantage.
projection
summarizes the current read from signal, structure, value and pressure context.
bullish projection means conditions are leaning upward.
bearish projection means conditions are leaning downward.
neutral projection means conditions are not clearly directional.
liquidity
shows whether a recent liquidity sweep is detected.
low sweep can show downside liquidity being taken before a possible recovery.
high sweep can show upside liquidity being taken before a possible rejection.
no sweep means no active sweep is detected.
vwap
shows the anchored vwap value when vwap levels are enabled.
vwap dist
shows how far price is from anchored vwap in percentage terms.
positive distance means price is above anchored vwap.
negative distance means price is below anchored vwap.
va width
shows the width of the value area as a percentage of price.
a narrow value area can suggest compression.
a wide value area can suggest broader distribution.
window
shows how many bars are used in the current profile calculation.
last signal
shows the most recent buy or sell signal generated by the script logic.
buy and sell engine
the signal engine combines several filters.
liquidity sweep
the script can require price to sweep a previous swing before triggering.
bos or choch confirmation
the script can require structural confirmation.
test at va edge or poc
the script can require price to react near val, vah or poc.
ema trend filter
the script can optionally require price to align with an ema trend filter.
signal cooldown
the cooldown prevents too many signals from appearing too close together.
beginner tutorial
step 1: start with screen left lock
use screen left lock when learning.
zoom the chart so the visible window starts from an important swing high, swing low or consolidation.
the profile will build from the left visible edge.
step 2: read poc first
find the poc.
if price is above poc, buyers may have control of the current profile window.
if price is below poc, sellers may have control of the current profile window.
if price is moving around poc, the market may be balanced.
step 3: read vah and val
vah is the upper value boundary.
val is the lower value boundary.
inside vah and val, price is inside accepted value.
outside vah and val, price is outside the main accepted value area.
step 4: enable anchored vwap levels
turn on anchored vwap levels when you want an extra institutional reference.
watch how price reacts to vwap, plus 1 sigma, minus 1 sigma, plus 2 sigma and minus 2 sigma.
step 5: use the dashboard
check price loc, structure, order book, bull vs bear, dominance and projection.
do not use one line alone.
look for agreement between several dashboard rows.
step 6: confirm with the chart
before using any signal, check:
trend direction
support and resistance
market structure
candle close
volume reaction
session context
risk to reward
step 7: avoid blind entries
a buy signal near val or vwap support can be stronger than a buy signal in the middle of nowhere.
a sell signal near vah or vwap resistance can be stronger than a sell signal in the middle of nowhere.
example 1: bullish value reaction
price trades near val.
liquidity shows a low sweep.
structure turns bullish.
bull vs bear becomes green.
price reclaims anchored vwap.
this can suggest that buyers are defending value and that downside liquidity was absorbed.
a beginner should still wait for a candle close and define invalidation below the reaction zone.
example 2: bearish value rejection
price trades near vah.
liquidity shows a high sweep.
structure turns bearish.
bull vs bear becomes red.
price rejects anchored vwap or an upper vwap deviation level.
this can suggest that sellers are defending the upper value area.
a beginner should still wait for price confirmation and define invalidation above the rejection zone.
example 3: balanced market
price is inside the value area.
price is close to poc.
dashboard projection is neutral.
dominance is neutral.
bull vs bear is close to 50 and 50.
this means the market is not clearly directional.
a beginner should avoid forcing trades and wait for price to leave value or react at a stronger level.
example 4: trend continuation above value
price is above vah.
structure is bullish.
bull pressure is dominant.
price holds above anchored vwap.
pullbacks to vah or vwap may become continuation areas.
a beginner should avoid shorting only because price looks high.
example 5: bearish continuation below value
price is below val.
structure is bearish.
bear pressure is dominant.
price holds below anchored vwap.
pullbacks toward val or vwap may become rejection areas.
a beginner should avoid buying only because price looks low.
example 6: vwap extension
price moves far above vwap plus 2 sigma or plus 3 sigma.
this shows strong upside extension.
it can continue during strong trends.
wait for loss of structure, rejection or dashboard shift before assuming reversal.
example 7: vwap mean reversion
price moves away from anchored vwap and later returns to it.
anchored vwap can become a reaction zone.
if price accepts above it, buyers may regain control.
if price rejects below it, sellers may remain in control.
suggested beginner settings
anchor mode: screen left lock
rows: default
value area: default
show poc: on
show vah and val: on
extend levels: on
anchored vwap levels: off at first, then on when comfortable
vwap deviation levels: 3
enable signals: on
require liquidity sweep: on
require bos or choch confirmation: on
require va edge or poc: on
ema trend filter: optional
practical workflow
choose the anchor mode.
identify the current poc, vah and val.
check if price is inside value, above value or below value.
enable anchored vwap levels if needed.
watch the dashboard for structure, dominance and bull versus bear pressure.
wait for price to react at poc, vah, val, anchored vwap or vwap deviation levels.
confirm with candle close and market structure.
plan risk before any trade idea.
best use cases
anchored volume profile analysis
value area trading
poc reaction analysis
anchored vwap confluence
bull versus bear pressure reading
liquidity sweep context
trend continuation analysis
reversal preparation
range and balance identification
discretionary trading confirmation
important limitations
the order book row is a proxy, not direct order book data.
vwap levels are based on the selected profile window.
signals are based on historical chart data.
strong trends can stay above value or below value for a long time.
a level is not a trade by itself.
no indicator can guarantee direction, win rate or profit.
risk note
this tool is made for technical analysis and educational market study. it should be used with independent confirmation, proper position sizing and risk management.
Indicator
Indicator
Smart Money Pressure DifferentialPurpose
The Smart Money Pressure Differential (SMPD) is built to reveal the underlying tug‑of‑war between informed volume flows represented by NVI and reactive volume flows represented by PVI, using a clean statistical framework. Instead of relying on raw NVI or PVI, which drift over time and are not directly comparable, the script isolates pressure deviations by measuring how far each index moves away from its own long‑term expectation. By standardizing these deviations, SMPD produces a stable, volatility‑normalized spread that highlights accumulation, distribution, and regime transitions with far greater clarity than traditional volume indicators.
How It Works
The script computes NVI and PVI, scales them, and subtracts their EMAs to extract deviation‑from‑trend pressure, with optional WMA smoothing to reduce micro‑noise. Each deviation series is then standardized independently using rolling mean and standard deviation, ensuring both NVI and PVI operate on equal statistical footing. Their difference becomes the SMPD spread, a normalized measure of which side is exerting more pressure. A second layer applies log‑ROC to capture acceleration rather than level, and these acceleration signals can be plotted as dotted lines. Standard deviation reference levels at 0, 1, 2, and 3 provide a consistent frame for interpreting extreme pressure events.
Rationale
This architecture solves structural weaknesses found in most volume‑based tools, particularly scale drift, volatility collapse, and the instability of cumulative indicators. Standardizing before differencing prevents one index from overpowering the other, ensuring the spread reflects true pressure imbalance rather than structural bias. The log‑ROC layer adds a stable acceleration measure that avoids the distortions of classic ROC when values approach zero. The result is a regime‑independent engine, producing signals that remain comparable across assets, timeframes, and market conditions. SMPD therefore becomes a robust diagnostic tool for identifying when smart‑money pressure is building, fading, or reversing, without relying on arbitrary thresholds or bounded oscillators that distort signal strength.
Indicator
Anchored PVI + NVIAnchored PVI + NVI is a single-pane indicator that allows the Positive Volume Index (PVI) and Negative Volume Index (NVI) to be plotted together using a period-anchored approach. Crucially, the EMAs for each series are included and remain analytically valid under the anchoring process.
PVI and NVI are cumulative, path dependent indicators. Over long histories, their absolute values become arbitrary and often incomparable when plotted side-by-side . This script addresses that limitation by anchoring each indicator to a user-defined period (daily, weekly, monthly, etc.) and plotting their relative change from that baseline rather than their raw values.
The result is a clean, comparable view that preserves each indicator’s internal structure (trends, inflections, divergences, and EMA relationships) while minimizing scale conflicts.
**What Are PVI and NVI? (Quick Explanation)**
PVI and NVI separate price behavior based on changes in participation, not raw volume flow.
- Positive Volume Index (PVI) updates only on bars where volume increases relative to the prior bar. It tracks price movement during expanding participation, often associated with broad market involvement.
- Negative Volume Index (NVI) updates only on bars where volume decreases relative to the prior bar. It tracks price movement during contracting participation, often associated with quieter or more selective activity.
Both indicators accumulate percentage price changes, but only under their respective volume conditions. Rather than asking “Is volume high or low?” , they ask:
"How does price behave when participation expands versus when it contracts?"
More detailed guidance and interpretation can be found further down the publication description for users unfamiliar with the practical uses of PVI and NVI.
**How The Script Works**
At the start of each selected anchor period, the script records the current PVI and NVI values as baselines. All subsequent values within that period are plotted as changes relative to those baselines:
- Percent mode plots the percentage change from the baseline.
- Absolute mode plots the absolute change from the baseline.
This is not normalization or rescaling. The time-based shape of each series is preserved within the anchor window.
The EMAs are calculated on the original, full-history PVI and NVI series, then transformed using the same anchored reference frame. This faithfully preserves relative positioning between each index and its EMA, EMA slope behavior, and EMA crossover timing.
Optional anchor markers and a zero line help visualize resets and behavior relative to the period’s starting point.
**Advantages vs Using PVI and NVI Separately**
- Faster visual assessment: Participation-conditioned price behavior can be evaluated at a glance without mentally reconciling separate scales or panes.
- Potential for Extended Interpretation: A shared baseline introduces a form of relative comparability that does not exist when the indicators are plotted independently.
- Cleaner workflow: One indicator, one pane, and less chart clutter.
**Conventional Interpretation and Guidance**
Anchored PVI and NVI should be interpreted relative to the zero line, their own EMAs, and each other, always within the context of the current anchor period - NOT across periods.
Values above zero indicate net positive price movement since the anchor began under the indicator’s respective volume condition. Values below zero indicate net negative movement. Because PVI and NVI update under different participation regimes, their behavior provides complementary context rather than redundant confirmation.
When PVI is rising, price progress within the period is occurring primarily during higher-participation sessions. This suggests that movement is being supported by expanding activity. Weakness or flattening in PVI indicates that price is losing traction during high-volume conditions.
When NVI is rising, price persistence is occurring during quieter sessions as participation contracts. This often reflects continuation or structural stability that does not rely on broad engagement. Weakness in NVI indicates that price struggles to hold together as activity declines.
Comparing the two provides insight into participation balance.
- Both rising: broad support across participation regimes
- PVI rising while NVI lags: movement concentrated in higher-participation sessions
- NVI rising while PVI lags: price persistence despite reduced participation
Each index is most commonly interpreted relative to its own 255-period EMA. Holding above the EMA suggests strengthening behavior within that participation regime, while sustained movement below the EMA indicates weakening momentum or transition. NVI in particular is often interpreted such that above-EMA behavior is supportive and below-EMA behavior is cautionary.
Divergence between price and PVI or NVI can highlight changes in participation dynamics that may not yet be reflected in price alone. Divergence between PVI and NVI themselves highlights shifts in how price behaves under expanding versus contracting participation.
These relationships are best used as contextual confirmation rather than as standalone trading signals.
**Extended Interpretation (Exploratory)**
This section is exploratory and should not be interpreted as conventional or widely-accepted guidance.
Anchoring PVI and NVI to a shared baseline introduces a form of relative comparability that does not exist when the indicators are plotted independently.
Within a single anchor period, both PVI and NVI are now expressed as relative change from a common reference point. This makes it possible to observe how the two series interact directly in time.
Index Crossovers (PVI vs. NVI)
Crossovers between anchored PVI and anchored NVI may be interpreted as shifts in dominance between participation regimes within the anchor period.
- PVI crossing above NVI suggests that price progress under expanding participation has overtaken progress under contracting participation since the anchor began.
- NVI crossing above PVI suggests that price persistence during quieter participation has become the dominant contributor within the period.
EMA-to-EMA Structure (PVI EMA vs. NVI EMA)
EMA-to-EMA relationships can further highlight smoother, regime-level tendencies in participation balance. When one EMA persistently leads the other after sufficient post-anchor price action has accumulated, it reflects a sustained bias toward that participation regime within the anchor window. Similarly, EMA crossovers that develop after sufficient post-anchor data may imply a transition in participation balance rather than a reset artifact.
Important Context and Limitations of Extended Interpretation
This form of interpretation is only valid within a single anchor period. Because each anchor resets the baseline, no continuity or meaning should be inferred across different periods.
These interactions should be treated as descriptive of participation balance, not as standalone trade signals. Their value lies in clarifying how price movement is being carried within a defined window, not in predicting future direction.
**Combined Practical Use**
Altogether, this indicator allows participation dynamics to be evaluated at three levels:
1) Instantaneous behavior via the anchored PVI and NVI themselves
2) Structural persistence via each index relative to its own EMA
3) Regime balance via the relative positioning of PVI, NVI, and their EMAs
**Warnings!**
- Percent mode can become visually unstable when baseline PVI or NVI values are near zero due to division effects inherent in percent-change calculations.
**Other Similar Indicators**
My Anchored OBV + A/D script applies the same anchored-period framework to other volume-based indicators.
**Credits**
This script is inspired by Multi-Ticker Anchored Candles (MTAC) by @SamRecio . MTAC's anchored-baseline concept and open-source nature provided an important conceptual foundation for adapting the same idea to PVI and NVI. Indicator
Volume & Price Counter**User Guide for Volume & Price Counter (Candle Structure)**
### 1. Introduction to Volume & Price Counter
The **Volume & Price Counter** (Candle Structure) is a momentum analysis indicator that helps identify which side—buyers or sellers—is dominating the market by counting candles based on the combination of volume and price movement.
The indicator classifies candles into 4 groups:
- **Volume Up, Price Up (Vol ↑ & Price ↑)** – Indicates strong buying pressure.
- **Volume Down, Price Up (Vol ↓ & Price ↑)** – Price is rising but buying momentum is weakening.
- **Volume Up, Price Down (Vol ↑ & Price ↓)** – Indicates strong selling pressure.
- **Volume Down, Price Down (Vol ↓ & Price ↓)** – Price is falling but selling momentum is weakening.
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### 2. How the Indicator Works
The Volume & Price Counter calculates the number of each candle type over a specific time period to determine which side is currently in control:
- **Green Background**: When the total of (Vol ↑ & Price ↑) + (Vol ↓ & Price ↑) is greater than the total of (Vol ↑ & Price ↓) + (Vol ↓ & Price ↓) → Buyers are in control.
- **Red Background**: When the total of (Vol ↑ & Price ↓) + (Vol ↓ & Price ↓) is greater than the total of (Vol ↑ & Price ↑) + (Vol ↓ & Price ↑) → Sellers are in control.
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### 3. How to Use the Indicator in Trading
**a) When the background is green**:
- The market is in an uptrend; consider buying during pullbacks to support zones.
- If the green background continues and the number of (Vol ↑ & Price ↑) candles dominates, the price may continue to rise.
- If the green background is present but there are many (Vol ↓ & Price ↑) candles, be cautious as buying strength may be fading.
**b) When the background is red**:
- The downtrend is prevailing; it's better to stay out or look for selling opportunities during pullbacks.
- If the red background continues with a high number of (Vol ↑ & Price ↓) candles, the price may continue to fall.
- If there are many (Vol ↓ & Price ↓) candles during a red background, selling pressure may be weakening—watch for reversal signals.
**c) When the background shifts from red to green**:
- This is a positive signal, indicating buyers are returning to the market.
- Additional volume confirmation is needed to validate a true uptrend.
**d) When the background shifts from green to red**:
- This warns of a potential trend reversal to the downside.
- If volume spikes during the red shift, consider closing long positions.
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### 4. Combining Volume & Price Counter with Other Indicators
**Combine with support/resistance levels**:
If a green background appears at a strong support zone, it may signal a potential buying opportunity. Indicator
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Channels With NVI Strategy [TradeDots]The "Channels With NVI Strategy" is a trading strategy that identifies oversold market instances during a bullish trading market. Specifically, the strategy integrates two principal indicators to deliver profitable opportunities, anticipating potential uptrends.
2 MAIN COMPONENTS
1. Channel Indicators: This strategy gives users the flexibility to choose between Bollinger Band Channels or Keltner Channels. This selection can be made straight from the settings, allowing the traders to adjust the tool according to their preferences and strategies.
2. Negative Volume Indicator (NVI): An indicator that calculates today's price rate of change, but only when today's trading volume is less than the previous day's. This functionality enables users to detect potential shifts in the trading volume with time and price.
ENTRY CONDITION
First, the assets price must drop below the lower band of the channel indicator.
Second, NVI must ascend above the exponential moving average line, signifying a possible flood of 'smart money' (large institutional investors or savvy traders), indicating an imminent price rally.
EXIT CONDITION
Exit conditions can be customized based on individual trading styles and risk tolerance levels. Traders can define their ideal take profit or stop loss percentages.
Moreover, the strategy also employs an NVI-based exit policy. Specifically, if the NVI dips under the exponential moving average – suggestive of a fading trading momentum, the strategy grants an exit call.
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results. Strategy
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Koncorde PlusKONCORDE IS ONLY INTENDED TO BE APPLIED TO ASSETS WHERE VOLUME DATA IS PROVIDED.
This indicator is made up of 6 indicators: 4 trend (RSI, MFI, BB, Stochastic) and 2 volume. The 2's for volume are the PVI (positive volume index) and the NVI (negative volume index). These two indicators are the interesting ones as they are programmed to proportionally attribute the volume traded between the strong hands (sharks) and the weak hands (minnows).
As for what time period to use, the bigger the better, since after all what we are doing is data analysis and therefore the more data, the better.
When strong hands (blue histogram) are below zero, they are said to be selling while when they are above zero, they are said to be buying. The same goes for weak hands (green histogram).
Meaning of each zone:
Blue histogram: strong hand (sharks). If it is positive it indicates accumulation and if it is negative distribution.
Green histogram: weak hand (minnows). If it is positive it indicates buy and if it is negative it indicates sale.
Brown histogram: Indicates the trend and depends on previous values of weak hands and trend indicators (RSI, MFI, BB, Stochastic).
Red line: It is an average that smoothes the trend indicated by the brown histogram (default is the EMA).
Crossing Pattern
The pattern gives us a bullish entry signal when the trend (brown histogram) crosses above the average (red line) and is positioned bearish when the trend crosses below the average.
Zero Pattern
When the price trend (brown histogram) tends to zero, it means that there will be a change in its trend. This pattern is for trading in a bullish position.
Spring Pattern
When a cross between the average (red line) and the trend (brown histogram) has already occurred, and in addition the weak hands are above the price trend, that "spring on the mountain" is formed that gives us to understand that the upward trend will be more than evident.
Mirror Pattern
This pattern occurs when there is panic in the market and weak hands are selling (below zero). If at that moment the strong hands are buyers, the price tends to level off to begin the rise later.
This pattern is compatible with the Crossover Pattern, having more guarantees of success. If just after finishing the mirror pattern, the Crossover Pattern plus the Spring Pattern appears, then we have a good chance of winning.
Bear Hug Pattern
This pattern is for bearish positions only. It is the opposite figure to the mirror pattern. That is, we have strong hands clearly selling and weak hands clearly buying and above the price trend (brown histogram). It is the figure where you can see that the strong hands are distributing the assets to the weak hands.
Harpoon Pattern
If when the mirror pattern occurs, the red line crosses the blue histogram, a very strong bullish entry signal is produced.
Add an exit signal which occurs when we are in a spring pattern but the big hands start selling, mostly coinciding with the start of the bear hug pattern.
General rules for operating the Mirror Pattern:
a) Wait for the green histogram to start recovery, rise to positive values; if possible, until it crosses from bottom to top the brown line (brown histogram) and/or red average .
b) The blue histogram should be consistently positive. If it turns and goes towards negative values it can indicate a failed pattern at that same point.
c) Locate the low of the lower candle within the pattern and place the Stop Loss just below it for reference.
d) If we are not sure (we almost never will be) that there will be a turn or if it could finally be a bearish continuation we can use the SL to go short .
Additional:
A panel with performance statistics of the analyzed asset was added.
Added an indicator that shows the cumulative delta volume in the form of triangles at the top of the chart.
Added of user @DonovanWall
PS: Unofficial version, I was guided by the description of the BLAI5 author's website www.blai5.net
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of cryptos. DYOR, TYOB. Indicator
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