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Volume Indicator

Multi-VolumeThis indicator displays volume in several formats: Volume Bar Format: Normal Volume: Shows the normal volume bar colors based on each candle's price direction Up/Down Volume: Breaks down each volume bar into buying volume (volume added when price goes up) and selling volume (volume added when price goes down) Volume Pressure: Breaks down each volume bar based on the length of the candle and its "pressure wick". See below for more information. Flip Down Volume: The down volume bar will be displayed below the center line. Show Delta: When selected with "Up/Down Volume" or "Volume Pressure", a small line will be displayed at the net volume (difference between up and down volume). Projected Volume: Instead of current volume, it will show expected volume at end of candle based on volume per second. Volume Pressure: On a green candle: The red part represents the upper wick, the volume as the price comes back down from its high The green part represents the rest of the candle, the volume as the price goes up from its low to the close On a red candle: The green part represents the lower wick, the volume as the price comes back up from its low The red part represents the rest of the candle, the volume as the price goes down from its high to the close To Update to Latest Version: To update to the latest version, just close the indicator and add it again.
Indicator
by David-Hamilton
7
Improved Lowry Up-Down Volume + Stocks Indicatordocs.cmtassociation.org In Paul F. Desmond's award winning paper in 2002 entitled "Identifying Bear Market Bottoms and New Bull Markets", he proposed an indicator for panic buying and selling that can be used to determine major market bottoms. The paper explains that in major bear markets, you should have at least one, or more than one multiple 90% down days. Recoveries out of bear markets, or beginnings of new bull markets, should have at least one of the following conditions: 1) At least one 90% up volume day 2) At least two back-to-back 80% up volume days Up and Down volume are defined as: 1) 90% up volume - defined as 90% up volume / total volume (or 10% down volume / total volume) 2) 90% down volume - defined as 90% down volume / total volume (or 10% up volume / total volume) Several scripts exist in Tradingview to show this indicator for Up and Down volume, along with arrows or indicators for green up days or red down days. However, this script is an improved version as it allows you the option to customize a couple parameters: 1) You may chose whether you'd like to use volume or stocks - sometimes it's better to have confluence between volume and actual stocks at the 90% threshold 2) You may chose the exchanges to consider - in the paper the NYSE is discussed, but this allows the expansion into NYSE, NASDAQ, DOW, and even a combined NYSE + NASDAQ + DOW indicator 3) It uniquely codes in the ability to plot a buy signal for both 90% up days, but also two back-to-back 80% up days - which is in the spirit of the original paper I hope you enjoy this script and please let me know if you'd like me to make any modifications or additions. Thank you, sincerely, Jim Bosse
Indicator
by jlb05013
6
Volume Histogram [SpiritualHealer117]This indicator is a histogram produced with Pinescript's boxes and is helpful for spotting support, resistance, and key levels. The indicator shows the volume executed at each source price over a customizable time period. The "Key Level" in this indicator is the price at which the most volume was executed, and the "Major Levels" are levels where volume was over a percentile threshold, which you can customize in settings. Feel free to give any feedback on the indicator or make a copy for yourself!
Indicator
by Scalpalytics
2
3LS | 3 Line Strike Strategy [Kintsugi Trading]What is the 3LS | 3 Line Strike Strategy? Incorporating the 3 Line Strike candlestick pattern into our strategy was inspired by Arty at The Moving Average and the amazing traders at TheTrdFloor . The Three Line Strike is a trend continuation candlestick pattern consisting of four candles. Depending on their heights and collocation, a bullish or a bearish trend continuation can be predicted. In a symphony of trend analysis, price action, and volume we can find and place high-probability trades with the 3LS Strategy. How to use it! ----- First, start by choosing a Stop-Loss Strategy, Stop PIP Size, and Risk/Reward Ratio ----- - Stop-Loss Strategy Fixed PIP Size – This uses the top/bottom of the indicator candle and places a TP based on the chosen Risk:Reward ratio. ATR Trail (No set Target Profit, only uses ATR Stop) ATR Trail-Stop (Has set Target Profit, however, stop is based on ATR inputs) **If you choose an ATR Stop-Loss Strategy - input the desired ATR period and Multiple you would like the stop to be calculated at** **ATR Stop-Loss Strategies have a unique alert setup for Auto-Trading. See Auto-Trading Section** - Risk/Reward Ratio = If you have a .5 risk/reward, it means you are risking $100 to make $50. - Additional Stop PIP Size = Number of PIPs over the default stop location of the top or bottom of the indicator candle. ----- Next, we set the Session Filter ----- Set the Timezone and Trade Session you desire. If no specific session is desired, simply set the Trade Session to 00:00 - 00:00. ----- Next, we set the Moving Average Cloud Fill ----- Enter the Fast and Slow Moving Average Length used to calculate trend direction: MA Period Fast MA Period Slow These inputs will determine whether the strategy looks for Long or Short positions. ----- Next, we set the VSA – Volume Spread Analysis Settings ----- Check the box to show the indicator at the bottom of the chart if desired. This is just a different visual output of the VSA | Volume Spread Analysis indicator available for free under the community indicators tab. You can add that indicator to your chart and see the same output in candle format. In combination with the Moving Average Cloud, the Volume Spread Analysis will help us determine when to take a trade and in what direction. The strategy is essentially looking for small reversals going against the overall trend and placing a trade once that reversal ends and the price moves back in the direction of the overall trend. The 3LS Strategy utilizes confirmation between trend, volume, and price action to place high probability trades. The VSA is completely customizable by: Moving Average Length MA-1 Multiplier MA-2 Multiplier MA-3 Multiplier Check out the VSA | Volume Spread Analysis indicator in the community scripts section under the indicators tab to use this awesome resource on other strategies. ----- Next, we have the option to view the automated KT Bull/Bear Signals ----- Check the boxes to show the buy-sell signal on the chart if desired. ----- Next, we set the risk we want to use if Auto Trading the strategy ----- I always suggest using no more than 1-3% of your total account balance per trade. Remember, if you have multiple strategies triggering per day with each using 1%, the total percent at risk will be much larger. For Example – if you have 10 strategies each risking 1% your total risk is 10% of your account, not 1%! Be mindful to only use 1-3% of your total account balance across all strategies, not just each individual one. ----- Finally, we backtest our ideas ----- After using the 'Strategy Tester' tab on PulseWire to thoroughly backtest your predictions you are ready to take it to the next level - Automated Trading! This was my whole reason for creating the script. If you work a full-time job, live in a time zone that is hard to trade, or just don't have the patience, this will be a game-changer for you as it was for me. Auto-Trading When it comes to auto-trading this strategy I have included two options in the script that utilize the alert messages generated by PulseWire. *Note: Please trade on a demo account until you feel comfortable enough to use real money, and then please stick to 1%-2% of your total account value in risk per trade.* AutoView PineConnector **ATR Auto-Trading Alert Setup** How to create alerts on 3 Line Strike Strategy For Trailing Stops: 1) Adjust autoview/pineconnector settings 2) Click "add alert" 3) Select "Condition" = Strategy Name 4) Select "Order Fills Only" from the drop-down 3) Remove template message text from "message" box and place the exact text. '{{strategy.order.alert_message}}' 4) Click "create" For Fixed Pip Stop: 1) Adjust autoview/pineconnector settings 2) Click "add alert" 3) Select "Condition" = Strategy Name 4) Select "alert() function calls only" 5) I like to title my Alert Name the same thing I named it as an Indicator Template to keep track Good luck with your trading!
Strategy
by KintsugiTrading
7
Banknifty Volume - IN This simple indicator computes the average Relative Strength Index of each Banknifty stock and displays the volume on the chart with color schemes while the average line indicates the average RSI of all Bank Stocks. This indicator works on Banknifty and its stocks. It works on all time frames How You can use this? You can use this indicator for Volume analysis if the average RSI line is above the 0 line, the stock is moving upside and vice versa for Downside .
Indicator
by LossTronaut
3
Volume Trend Meter LTFA new take to an already popular indicator of mine, now with lower time frame support for a volume called Volume Trend Meter LTF (VTML). The VTM LTF indicator measures the volume pressure at a specific part of the candle (Start, Middle, or the end of the candle) and displays it as a histogram. This indicator sums up all green candle volumes and red candle volumes over the selected part of the candle (Select in settings - start end or middle) and plots their values by subtracting increasing volume and decreasing volume. Use this indicator to identify increasing volume with the green candles (close bigger than open) and increasing volume of the red candles (close is smaller than open). Can also work on daily charts and higher. ======= Calculation ========== For Green Column: The total Volume of green candles is higher than the total red candle volume. For Red Column: The total Volume of red candles is higher than the total green candle volume. ======= Volume Trend Meter LTF Colors ======= Green: Increasing buying pressure. Red: Increasing selling pressure. My original VTM (not the lower time frame version): Like if you like and Follow me for upcoming indicators/strategies: www.pulsewire.com
Indicator
by dman103
18
Volume Spread for VSA CustomHey everyone, I have been using volume a lot more lately as price action can sometimes get manipulated but volume shows us the truth! Anyways, I have enjoyed the Volume Spread for VSA indicator but wished I had the code to change a few settings. This volume indicator includes spread analysis with the ability to customize input values and I'm making it open source so you can do with it as you please. I have made notes all throughout the code to give suggestions on a few changes or why I have written it in such a way. I have also tried to section everything off to make it easier to see where each piece of the code is used. Overall I think it is a good example of how to code cleanly and how to add useful notes when you are learning Pine for yourself :D The indicator on the price chart is my Donchian Channel indicator, which you can also find on my profile. This is the one I use every day.
Indicator
by theehoganator
10
Intraday predictive High Volume Activity sessions [BEA]Idea: This indicator is designed to know the high traded volume sessions in advance before the day starts. The predictive volume bars will be plotted in advance once a new trading session starts. Logic Used: The basic idea is to store each bar volume / Volume MA data for the selected time. So, the first bar of each data is stored for all selected historical days. Once the data is stored, I am taking average of each bar data for the selected Historical days. How to Use: This gives me an idea of the volume behavior throughout the days based on historical data. So I decide my time of trading for that specific times sessions where the traded volume activity is high. The bars which are more than the Moving average ( Highlighted Volume bars plotted in future ) is the time session to focus. Designed only for intraday timeframes. Here in the image, you can see the session in advance for high traded volume activity. Try it test it , let me know if it can be improved further. Have a happy trading. DISCLAIMER Any and all liability for risks resulting from investment transactions or other asset dispositions carried out by the user based on information received or a market analysis is expressly excluded by me. All the information made available here is generally provided to serve as an example only, without obligation and without specific recommendations for action. It does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments. Do your own research, this is not a financial advice.
Indicator
by TJalam
19
All-in-one CPR indicator Introduction and Acknowledgement: The script is basically a mashup script and provides a combined functionality of various indicators. I'll explain the usefulness and the optimal usage of the script after giving the credits where it is due. A CPR indicator for visually identifying the trend along with the strength of the trend is NOT available in the public library of PulseWire. Hence, the need of this indicator. The credit of creating the original indicators remain unknown to me but I would like to acknowledge the authors whose formulae and codes I have used for creating this mashup indicator. - Frank Ochoa - Guruprasad Meduri - Rafael Zioni - Stoked Stocks - Pine team for default indicators The prime focus of the script is identifying and simplifying the 2 main aspects of a trend: 1. Direction / Underlying trend 2. Strength of the trend Flaws in traditional CPR: Some may see this as a flaw, some may not. So take my opinion with a grain of salt. In general, the traditional CPR indicator is used to plot just support and resistance levels, and the trend identification is purely discretionary. In addition to this, there is no way to assess the strength of the move without using a dedicated volumed based indicator. This causes amateur traders to take counter trades to the market direction. What is the need of this hybrid indicator? A CPR indicator that also aids in visually identifying the trend and the strength of the trend with respect to the price action in NOT available in the public library of PulseWire. The traditional CPR can be used to assess the rough direction of the market but if it combined with the Hull ribbon, the probability of identifying the trend increases manifold. Hence, I decided to create this mashup indicator. In addition to the basic CPR pivots, the script provides the functionality of the following indicators: 1. HMA based trend ribbons with auto buy/sell signals 2. Volatility based bands - Bollinger bands, Keltner channel, Donchian channel, envelope. 3. Coloured volume candles to determine the strength of the trend 4. CPR with daily, weekly, and monthly levels 5. Previous day high/low 6. Tomorrow CPR 7. 3 Simple moving averages 8. Volume Weighted Average Price (VWAP) Correct usage of the indicator: The optimal usage of the indicators consists of mainly 2 parts: 1. Identification of the trend using the combination of CPR and Hull ribbon 2. Determining the strength of the trend How to identify the trend? In general, when the price is above CPR it is considered a bullish trend. Also, when the price is above the Hull ribbon, it is considered bullish. Reverse is true for a bearish trend. Combining the traditional CPR logic with the Hull trend ribbon, we can conclude that: 1. Bullish trend = Price above CPR and above the Hull ribbon 2. Bearish trend = Price below CPR and below the Hull ribbon If the Hull ribbon is showing a zig-zag move, the trend will be sideways. Also, the time frame of the Hull ribbon can be defined as per the need of the user. Exhibit: Identification of a bullish trend Exhibit: Identification of a bullish trend with a contra move (pullback) Exhibit: Identification of a bearish trend Exhibit: Identification of a bearish trend with a contra move (pullback) How to determine the strength of the trend? 1. Strong trend = The dark coloured candles represent volume more than 150% of the look back period. For instance 2. Moderate trend = The bright coloured candles represent volume between 50-150%. 3. Neutral trend = The Grey coloured candles represent a weak trend where the volume is less than 50%. Exhibit: Identification of a strong bearish trend along with the trend direction Exhibit: Identification of a strong bullish trend using only coloured candles All the other indicators including the SMA, VWAP, Bollinger bands, Keltner channels, etc. can be used as per the taste of the trader. Thanks for reading! I hope you find this indicator useful. Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick) Community Manager (India), PulseWire
Indicator
by johntradingwick
61
Volume GainThis indicator shows the amount, in terms of a percentage, that the volume is currently above or below the current volume average. ((Volume - volumeMA) / volume) * 100 Ways to use: 1) We could consider movements in price to be extremely strong when the volumeGain is above the upper limit line i.e. the current volume is more than 50% higher than the current average volume 2) We could consider movements in price to be extremely weak when the volumeGain is below the lower limit line i.e. the current volume is less than 50% lower than the current average volume
Indicator
by carlpwilliams2
LTF -> HTF volume delta Up/DownThis script derives from my previous Educational LTF -> HTF volume delta script. Total volume is displayed as columns in the background. With request.security_lower_tf() we get data from a lower timeframe. In this case, volume, which is placed in an 'up-array' when the 'lower timeframe close' > 'lower timeframe open', or in an 'down-array' when the 'lower timeframe close' < 'lower timeframe open'. This is displayed here as 2 (red/green) lines When you're at a chart timeframe (Higher timeframe), lower than Daily, the lower timeframe is automatically 50x smaller than the higher timeframe. Example D = 1440 minutes -> divided by 50 = 28.8 or rounded a lower timeframe of 29 minutes When this number is below 1, it will take the '1 minute timeframe' as lower timeframe If the higher timeframe chart is Daily or higher, a 'x minute-lower timeframe' chart is calculated from the timeframe.multiplier multiplied by 25, for example a 2D higher timeframe will do the 'lower timeframe calculations' with a 50 minute TF (25 * 2 'D') Looking at for example BTC on the Daily higher timeframe, some interesting observations can be done when looking at the 'spikes' This script doesn't have build in arrows, it is merely made to give some stimulation, and hopefully some of you can work further on this technique, because I think it is very promising! I want to thank Tradingview very deeply, why? Just so many reasons, development, moderation, organisation, helpdesk, ... The amount of work they are doing is incredible!
Indicator
by fikira
13
Delta Volume by SiddWolfDelta Volume is Difference between Buying Volume and Selling Volume. This indicator gives the Delta Volume based on Lower TimeFrame Candles. It utilizes security_lower_tf() function, a function that provides Lower TF candle data in Higher TF Chart. security_lower_tf() is a new function provided by PulseWire yesterday. If you are a PineScript Programmer, I suggest you to read about it, as it is a very powerful function that can extremely improve your trading strategy. How this indicator works: This indicator checks volume data on lower TimeFrame Candles and Shows it's delta in the current Chart Timeframe. For example: If you open 4 hours chart, this indicator checks volume of 1 minute chart and separates Buying-Selling volume. Then it subtracts Candle's Selling volume from Candle's Buying volume, finally calculating the Delta Volume. This indicator also provides a Smooth Delta Volume, which is moving average of Delta Volume. As Delta Volume changes a lot, Smooth Delta Volume can be very helpful for identifying Trends . Goto settings and in "Show" section select "Smooth Delta Volume" to lay it on the chart. Settings is the Key: Settings are key to all of my indicators. Play around with it a bit. You can change what to show on the chart from settings. Smooth Delta Volume moving average length can be changed from the settings. You can also select "Show as Percentage", which shows Delta Volume as Percentage of Overall Candle's Volume. If you use Weekly or Monthly Timeframe, change increase lower timeframe from settings. Read the tooltips to understand what each settings mean. Tooltips are the (i) button in-front of each settings. FAQs: Q. Does the indicator Repaint ? --- No. None of my indicators repaints. What you see now is what's drawn in real time. Q. What TimeFrame is Best for this Indicator ? --- It can be used on timeframes from 5 minutes to higher. But I would prefer to use it from timeframes higher than 30 minutes, as it gathers data from 1 minute TF. Q. Indicator doesn't show anything ? --- This indicator only works on security with Volume data. Also use it from higher timeframe than specified in Settings, because Volume Delta is calculated using Data from Lower TimeFrame. Q. Delta volume is not provided by PulseWire, So how exactly does this indicator work? --- This indicator takes advantage of new pinescript function security_lower_tf(), and calculates volume for smaller timeframe data and calculates delta on higher timeframe. Q. Does this indicator give financial advice? --- No. Nope. Nein. Não. नहीं. Conclusion: This indicator is very basic but if used correctly it can be very powerful. If you have any questions or suggestions feel free to comment below. I'd love to connect with you. Thank you. ~ @SiddWolf
Indicator
by SiddWolf
22
On Balance Volume MomentumA combination of "On Balance Volume (OBV)" and "Volume Oscillator". "OBV Momentum" is a trend momentum indicator, that can be used to identify strong trends and also trend changes based on volume. High positive values indicate strong volume on the buy side, high negative values indicate strong volume on the sell side. An increasing OBV momentum indicates a strengthening buy trend or a weakening sell trend, decreasing OBV Momentum indicates a strengthening sell trend or weakening buy trend. OBV Momentum is calculated by comparing a short vs. a long moving average and plotting the difference in volume. OBV Momentum metric is absolute volume.
Indicator
by alex_7750815
7
Volume Impulse & Candlestick Patterns - FontiramisuIndicator showing volume impulse & engulfing candlestick pattern. You can set up multiple parameter for both events. Volume Impulse : Volume Period : Lenght of the average volume calculated. Volume Multiplier : Factor to compare actual volume with average volume. Engulfing Pattern : VS avg body : Let you chose to compare body candle to average body of the last few candles (define with parameter : lenghtSizeAvgBody ), otherwise it will be compared to the last body candle. Engulfing Multiplier : Factor to compare and validate the pattern.
Indicator
by Fontiramisu
7
Normal Distribution Outliers for volume (NDO indicator)The NDO is a volume-based indicator that indicates how many standard deviations the volume is away from the mean volume. In other words, this script is useful for detecting when the volume is abnormally large, spotting pumps and dumps, and movement of whales. Green indicates that the volume is more than 3 standard devs away from the mean, yellow means its more than 2 standard deviations away from the mean, and orange means it is more than 1 standard deviation away from the mean, with red means volume is less than one standard deviation from the mean. Statistically, 68% of results show up in 1 standard deviations of the mean, 95% in 2 standard deviations of the mean, 99.7% in 3 standard deviations of the mean, making green highly abnormal.
Indicator
by Scalpalytics
11
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