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Delta

Periodic Activity Tracker [LuxAlgo]The Periodic Activity Tracker tool periodically tracks the cumulative buy and sell volume in a user-defined period and draws the corresponding matching bars and volume delta for each period. Users can select a predefined aggregation period from the following options: Hourly, Daily, Weekly, and Monthly. 🔶 USAGE This tool provides a simple and clear way of analyzing volumes for each aggregated period and is made up of the following elements: Buy and sell volumes by period as red and green lines with color gradient area Delta (difference) between buy & sell volume for each period Buy & sell volume bars for each period Separator between lines and bars, and period tags below each pair of bars for ease of reading On the chart above we can see all the elements displayed, the volume level on the lines perfectly matches the volume level on the bars for each period. In this case, the tool has the default settings so the anchor period is set to Daily and we can see how the period tag (each day of the week) is displayed below each pair of bars. Users can disable the delta display and adjust the bar size. 🔹 Reading The Tool In trading, assessing the strength of the bulls (buyers) and bears (sellers) is key to understanding the current trading environment. Which side, if any, has the upper hand? To answer this question, some traders look at volume in relation to price. This tool provides you with a view of buy volume versus sell volume, allowing you to compare both sides of the market. As with any volume tool, the key is to understand when the forces of the two groups are balanced or unbalanced. As we can observe on the chart: NOV '23: Buy volume greater than sell volume, both moving up close together, flat delta. We can see that the price is in range. DEC '23: Buy volume bigger than Sell volume, both moving up but with a bigger difference, bigger delta than last month but still flat. We can see the price in the range above last month's range. JAN '24: Buy and sell volume tied together, no delta whatsoever. We can see the price in range but testing above and below last month's range. FEB '24: Buy volume explodes higher and sell volume cannot keep up, big growing delta. Price explodes higher above last month's range. Traders need to understand that there is always an equal number of buyers and sellers in a liquid market, the quality here is how aggressive or passive they are. Who is 'attacking' and who is 'defending', who is using market orders to move prices, and who is using limit orders waiting to be filled? This tool gives you the following information: Lines: if the top line is green, the buyers are attacking, if it is red, the sellers are attacking. Delta: represents the difference in their strength, if it is above 0 the buyers are stronger, if it is below 0 the sellers are stronger. Bars: help you to see the difference in strength between buyers and sellers for each period at a glance. 🔹 Anchor Period By default, the tool is set to Hourly. However, users can select from a number of predefined time periods. Depending on the user's selection, the bars are displayed as follows: Hourly : hours of the current day Daily : days of the current week Weekly : weeks of the current month Monthly : months of the current year On the chart above we can see the four periods displayed, starting at the top left and moving clockwise we have hourly, daily, weekly, and monthly. 🔶 DETAILS 🔹 Chart TimeFrame The chart timeframe has a direct impact on the visualization of the tool, and the user should select a chart timeframe that is compatible with the Anchor period in the tool's settings panel. For the chart timeframe to be compatible it must be less than the Anchor period parameter. If the user selects an incompatible chart timeframe, a warning message will be displayed. As a rule of thumb, the smaller the chart timeframe, the more data the tool will collect, returning indications for longer-term price variations. These are the recommended chart timeframes for each period: Hourly : 5m charts or lower Daily : 1H charts or lower Weekly : 4H charts or lower Monthly : 1D charts or lower 🔹 Warnings This chart shows both types of warnings the user may receive At the top, we can see the warning that is given when the 'Bar Width' parameter exceeds the allowed value. At the bottom is the incompatible chart timeframe warning, which prompts the user to select a smaller chart timeframe or a larger "Anchor Period" parameter. 🔶 SETTINGS 🔹 Data Gathering Anchor period: Time period representing each bar: hours of the day, days of the week, weeks of the month, and months of the year. The timeframe of the chart must be less than this parameter, otherwise a warning will be displayed. 🔹 Style Bars width: Size of each bar, there is a maximum limit so a warning will be displayed if it is reached. Volume color Delta: Enable/Disable Delta Area Display
Pine Script® indicator
by LuxAlgo
24
Delta ZigZag [LuxAlgo]The Delta ZigZag indicator is focused on volume analysis during the development of ZigZag lines. Volume data can be retrieved from a Lower timeframe (LTF) or real-time Tick data. Our Delta ZigZag publication can be helpful in detecting indications of a trend reversal or potential weakening/strengthening of the trend. This indicator by its very nature backpaints, meaning that the displayed components are offset in the past. 🔶 USAGE The ZigZag line is formed by connecting Swings , which can be set by adjusting the Left and Right settings. Left is the number of bars for evaluation at the left of the evaluated point. Right is the number of bars for evaluation at the right of the evaluated point. A valid Swing is a value higher or lower than the bars at the left/right . A higher Left or Right set number will generally create broader ZigZag ( ZZ ) lines, while the drawing of the ZZ line will be delayed (especially when Right is set higher). On the other hand, when Right is set at 0, ZZ line are drawn quickly. However, this results in a hyperactive switching of the ZZ direction. To ensure maximum visibility of values, we recommend using " Bars " from the " Bar's style " menu. 🔹 Volume examination The script provides two options for Volume examination : Examination per ZigZag line Examination per bar Bullish Volume is volume associated with a green bar ( close > open ) Bearish Volume is volume associated with a red bar ( close < open ) Neutral Volume (volume on a " close == open" bar) is not included in this publication. 🔹 Examination per ZigZag line As long as the price moves in the same direction, the present ZZ line will continue. When the direction of the price changes, the bull/bear volume of the previous ZZ line is evaluated and drawn on the chart. The ZZ line is divided into two parts: a bullish green line and a bearish red line. The intercept of these two lines will depend on the ratio of bullish/bearish volume This ratio is displayed at the intercept as % bullish volume (Settings -> Show % Bullish Volume) * Note that we cannot draw between 2 bars. Therefore, if a ZZ line is only 1 bar long, the intercept will be at one of those 2 bars and not in between. The percentage can be helpful in interpreting bull/bear volume. In the example above (2 most right labels), you can see that an overlap of 2 labels is prevented, ensuring the ability to evaluate the bullish % volume of the ZZ line . The percentage will be colored green when more than 50%, red otherwise. The color will fade when the direction is contradictory; for example, 40% when the ZZ line goes up or 70% when the ZZ line falls. More details can be visualized by enabling " Show " and choosing 1 of 3 options: Average Volume Delta/bar Average Volume/bar Normalised Volume Delta For both 'averages', the sum of " Volume "/" Volume Delta " of every bar on the ZZ line is divided by the number of bars (per ZZ line ). The " Normalised Volume Delta " is calculated by dividing the sum of " Delta Volume " by the sum of " Volume " (neutral volume not included), which is displayed as a percentage. All three options will display a label at the last point of the ZZ line and be coloured similarly: green when the ratio bullish/bearish volume of the ZZ line is bullish and red otherwise. Here, the colour also fades when it is bullish, but the ZZ line falls or when it is bearish with a rising ZZ line . A tooltip at each label hints at the chosen option. You can pick one of the options or combine them together. 🔹 Examination per bar Besides information about what's happening during the ZZ line , information per bar can be visualized by enabling " Show Details " in Settings . Split Volume per bar : show the sum of bullish (upV) and bearish (dnV) volume per bar Volume (bar) : Total Volume per bar (bullish + bearish volume, neutral volume not included) Δ Volume (bar) : Show Delta Volume (bullish - bearish volume) 🔹 Using Lower Timeframe Data The ZigZag lines using LTF data are colored brighter. Also note the vertical line where the LTF data starts and the gap between ZZ lines with LTF data and without. When " LTF " is chosen for the " Data from: " option in Settings , data is retrieved from Lower Timeframe bars (default 1 minute). When the LTF setting is higher than the current chart timeframe, the LTF period will automatically be adjusted to the current timeframe to prevent errors. As there is a 100K limit to the number of LTF intrabars that can be analyzed by a script, this implies the higher the difference between LTF and current TF; the fewer ZZ lines will be seen. 🔹 Using real-time tick data The principles are mostly the same as those of LTF data. However, in contrast with LTF data, where you already have LTF ZZ lines when loading the script, real-time tick data-based ZZ lines will only start after loading the chart. Changing the settings of a ticker will reset everything. However, returning to the same settings/ticker would show the cached data again. Here, you can see that changing settings reset everything, but returning after 2 minutes to the initial settings shows the cached data. Don't expect it to be cached for hours or days, though. 🔶 DETAILS The timeframe used for LTF data should always be the same or lower than the current TF; otherwise, an error occurs. This snippet prevents the error and adjusts the LTF to the current TF when LTF is too high: res = input.timeframe('1') res := timeframe.from_seconds( math.min( timeframe.in_seconds(timeframe.period), timeframe.in_seconds(res) ) ) 🔶 SETTINGS Data from: LTF (Lower TimeFrame) or Ticks (Real-time ticks) Res: Lower TimeFrame (only applicable when choosing LTF ) Option: choose " high/low " or " close " for Swing detection 🔹 ZigZag Left: Lookback period for Swings Right: Confirmation period after potential Swing 🔹 ZigZag Delta Show % Bullish Volume : % bullish volume against total volume during the ZZ line Show: Average Volume Delta/bar Average Volume/bar Normalised Volume Delta See USAGE for more information 🔹 Bar Data Split Volume per bar: shows the sum of bullish ( upV ) and bearish ( dnV ) volume per bar Volume (bar): Total Volume per bar (bullish + bearish volume, neutral volume not included) Δ Volume (bar): Show Volume Delta (bullish - bearish volume)
Pine Script® indicator
by LuxAlgo
15
BTC Net Volume (Spot) (by JaggedSoft, fixed by SLN)• WHAT: This indicator plots the aggregated net volume delta of BTC spot pairs from 8 exchanges over the last 60 periods (default settings). Tracks the following pairs: "BINANCE:BTCUSDT" "BITFINEX:BTCUSD" "POLONIEX:BTCUSDT" "BITTREX:BTCUSDT" "COINBASE:BTCUSD" "BITSTAMP:BTCUSD" "KRAKEN:XBTUSD" "BITGET:BTCUSDT" "GEMINI:BTCUSD" • HOW TO USE: Used for confirmation when watching futures that can experience quick movements in the form of liquidation-events. If the oscillator is green or trending upward, it's confirming a positive bias. The inverse is true for a negative bias. This is especially true on higher timeframes. Can also be used to find correlations between different tech-assets. • NOTES: I forked JaggedSofts indicator to fix the data-source error it was having. Let me know if you want to customize exchanges or add more pairs, maybe I can add that in the future! This indicator replaces the outdated alternative linked here : Please only use this one • LIMITATIONS: Only tested with normal japanese candlesticks . • THANKS: to the creator of this script, JaggedSoft. It's a great indicator! • DISCLAIMER: Not financial Advice, use at your own risk.
Pine Script® indicator
by stresslessness
BetaBeta , also known as the Beta coefficient, is a measure that compares the volatility of an individual underlying or portfolio to the volatility of the entire market, typically represented by a market index like the S&P 500 or an investible product such as the SPY ETF (SPDR S&P 500 ETF Trust). A Beta value provides insight into how an asset's returns are expected to respond to market swings. Interpretation of Beta Values Beta = 1: The asset's volatility is in line with the market. If the market rises or falls, the asset is expected to move correspondingly. Beta > 1: The asset is more volatile than the market. If the market rises or falls, the asset's price is expected to rise or fall more significantly. Beta < 1 but > 0: The asset is less volatile than the market. It still moves in the same direction as the market but with less magnitude. Beta = 0: The asset's returns are not correlated with the market's returns. Beta < 0: The asset moves in the opposite direction to the market. Example A beta of 1.20 relative to the S&P 500 Index or SPY implies that if the S&P's return increases by 1%, the portfolio is expected to increase by 12.0%. A beta of -0.10 relative to the S&P 500 Index or SPY implies that if the S&P's return increases by 1%, the portfolio is expected to decrease by 0.1%. In practical terms, this implies that the portfolio is expected to be predominantly 'market neutral' . Calculation & Default Values The Beta of an asset is calculated by dividing the covariance of the asset's returns with the market's returns by the variance of the market's returns over a certain period (standard period: 1 years, 250 trading days). Hint: It's noteworthy to mention that Beta can also be derived through linear regression analysis, although this technique is not employed in this Beta Indicator. Formula: Beta = Covariance(Asset Returns, Market Returns) / Variance(Market Returns) Reference Market: Essentially any reference market index or product can be used. The default reference is the SPY (SPDR S&P 500 ETF Trust), primarily due to its investable nature and broad representation of the market. However, it's crucial to note that Beta can also be calculated by comparing specific underlyings, such as two different stocks or commodities, instead of comparing an asset to the broader market. This flexibility allows for a more tailored analysis of volatility and correlation, depending on the user's specific trading or investment focus. Look-back Period: The standard look-back period is typically 1-5 years (250-1250 trading days), but this can be adjusted based on the user's preference and the specifics of the trading strategy. For robust estimations, use at least 250 trading days. Option Delta: An optional feature in the Beta Indicator is the ability to select a specific Delta value if options are written on the underlying asset with Deltas less than 1, providing an estimation of the beta-weighted delta of the position. It involves multiplying the beta of the underlying asset by the delta of the option. This addition allows for a more precise assessment of the underlying asset's correspondence with the overall market in case you are an options trader. The default Delta value is set to 1, representing scenarios where no options on the underlying asset are being analyzed. This default setting aligns with analyzing the direct relationship between the asset itself and the market, without the layer of complexity introduced by options. Calculation: Simple or Log Returns: In the calculation of Beta, users have the option to choose between using simple returns or log returns for both the asset and the market. The default setting is 'Simple Returns'. Advantages of Using Beta Risk Management: Beta provides a clear metric for understanding and managing the risk of a portfolio in relation to market movements. Portfolio Diversification: By knowing the beta of various assets, investors can create a balanced portfolio that aligns with their risk tolerance and investment goals. Performance Benchmarking: Beta allows investors to compare an asset's risk-adjusted performance against the market or other benchmarks. Beta-Weighted Deltas for Options Traders For options traders, understanding the beta-weighted delta is crucial. It involves multiplying the beta of the underlying asset by the delta of the option. This provides a more nuanced view of the option's risk relative to the overall market. However, it's important to note that the delta of an option is dynamic, changing with the asset's price, time to expiration, and other factors.
Pine Script® indicator
by DeltaValue
Trended CVD [Mxwll]Hey! This indicator "Trended CVD" categorizes price movement by trend (using zig zag) and calculates cumulative volume delta for the entirety of the price move. Features CVD calculated for the trend CVD divergences are distinguished (uptrend and falling CVD / downtrend and rising CVD) CVD output normalized to scale with chart, and is plotted alongside the trend Can be used for trend confirmation (CVD trend correlating with price trend) All regular zig-zag features available What constitutes a trend is customizable. Can locate small, medium, large price trends with detailed user-input settings. How-To Use Trended CVD The image above shows one of two primary uses for the indicator. In the left-half of the image, price is downtrending simultaneously with CVD; thereby, CVD is confirming the downtrend. The right-half of the image shows price uptrending simultaneously with CVD; CVD is confirming the uptrend. This information can be used to classify the "strength" of the price move, and decide to trade with it or against it. The image above shows the second primary use for the indicator. A slight price decrease transpires while CVD increases - CVD diverging upwards from the price trend. This information can be used to classify the strength of the downtrend, and decide to trade against it, or abstain from trading with it. The image above shows, subsequent to divergence, price failed to sustain "meaningful" downwards movement. Labels oriented at the final pivot of a trend show the cumulative volume delta for the entirety of the price move (distinguishable by the superimposed zig zag line). That's really it! A more complex concept integrated with a simple output. Thank you!
Pine Script® indicator
by MXWLL-Capital-Trading
9
Intraday Volume Profile [BigBeluga]The Intraday Volume Profile aims to show delta volume on lower timeframes to spot trapped shorts at the bottom or trapped longs at the top, with buyers pushing the price up at the bottom and sellers at the top acting as resistance. 🔶 FEATURES The indicator includes the following features: LTF Delta precision (timeframe) Sensibility color - adjust gradient color sensitivity Source - source of the candle to use as the main delta calculation Color mode - display delta coloring in different ways 🔶 DELTA EXAMPLE In the image above, we can see how delta is created. If delta is positive, we know that buyers have control over sellers, while if delta is negative, we know sellers have control over buyers. Using this data, we can spot interesting trades and identify trapped individuals within the candle. 🔶 HOW TO USE In the image above, we can see how shorts are trapped at the bottom of the wick (red + at the bottom), leading to a pump also called a "short squeeze." Same example as before, but with trapped longs (blue + at the top). This can also work as basic support and resistance, for example, trapped shorts at the bottom with positive delta at the bottom acting as strong support for price. Users can have the option to also display delta data within the corresponding levels, showing Buyers vs Sellers for more precise trading ideas. NOTE: User can only display the most recent data for the last 8 buyers and sellers. It is recommended to use a hollow candle while using this script.
Pine Script® indicator
by BigBeluga
34
Fibonacci Bollinger Volume Weighted DeviationDiscover market dynamics with the 'Fibonacci Bollinger Volume Weighted Deviation' indicator – a unique tool blending Fibonacci ratios, Bollinger Bands, and volume-weighted analysis. Ideal for spotting overbought/oversold conditions and potential market turnarounds, this indicator is a must-have for traders seeking nuanced insights into price behavior and volatility. Description: "The 'Fibonacci Bollinger Volume Weighted Deviation' indicator presents a novel approach to market trend analysis by integrating Fibonacci ratios with the classic concept of Bollinger Bands. Designed for traders who incorporate Fibonacci levels in their market analysis, this indicator adapts Bollinger Bands to a user-defined Fibonacci ratio. It creates dynamic upper and lower bands around a Simple Moving Average (SMA), offering insights into price deviations and potential overbought or oversold market states. Incorporating volume data, this indicator provides a volume-weighted perspective of price deviations. This feature is crucial in gauging the market sentiment, as significant volumes linked with price deviations can signal strong market moves. By plotting these deviations and emphasizing those that significantly diverge from the volume-weighted average, it aids in pinpointing potential turning points or key support and resistance zones. Versatile in nature, the 'Fibonacci Bollinger Volume Weighted Deviation' indicator is adaptable to various trading styles and market conditions. It proves especially valuable in markets where Fibonacci levels are a key factor. Traders can explore long positions when prices fall below the lower band and consider short positions when prices breach the upper band. The addition of volume-weighted deviation analysis refines these trading signals, offering a more sophisticated and nuanced decision-making process for entries and exits. As a standalone tool or in conjunction with other technical instruments, this indicator is an invaluable addition to any technical analyst's toolkit. It not only enhances traditional Fibonacci and Bollinger Band methodologies but also integrates volume analysis to provide a comprehensive view of market trends and movements."
Pine Script® indicator
by tkarolak
8
Bull Vs Bear Visible Range VP [Kioseff Trading]Hello! This Script “Bull vs Bear Visible Range VP” Calculates Bull & Bear Volume Profiles for the Visible Range Alongside a Delta Ladder for the Visible Period! Features Volume Profile Anchored to Visible Range Delta Ladder Anchored to Visible Range Bull vs Bear Profiles! Standard Poc and Value Area Lines, in Addition to Separated POCs and Value Area Lines for Bull Profiles and Bear Profiles Configurable Value Area Target Curved Profiles Up to 9999 Profile Rows per Visible Range Stylistic Options for Profiles This Script Generates Bull vs. Bear Volume Profiles for the Visible Range! Up to 9999 Volume Profile Levels (Price Levels) Can Be Calculated for Each Profile, Thanks to the New Polyline Feature, Allowing For Less Aggregation / More Precision of Volume at Price and Volume Delta. Bull vs Bear Profiles The Image Above Shows Primary Functionality! Green Profiles = Buying Volume Red Profiles = Selling Volume Bullish & Bearish Pocs for the Visible Range Are Displayable! Profiles Can Be Anchored on the Left Side for a More Traditional Look. The indicator is robust enough to calculate on "small price periods", or for a price period spanning your entire chart fully zoomed out! That’s About It :D This Indicator Is Part of a Series Titled “Bull vs. Bear” - A Suite of Profile-Like Indicators I Will Be Releasing Over Coming Days. Thanks for Checking This Out! If You Have Any Suggestions Please Feel Free to Share!
Pine Script® indicator
by KioseffTrading
11
Delta Zones Buy/Sell PressureScript Description: Delta Zones Buy/Sell Pressure Indicator Description: The "Delta Zones Buy/Sell Pressure" indicator, created by the original author "scarf", is a technical tool that unveils key areas of buying and selling pressure in the market. This indicator utilizes the concept of Delta, calculating differences between open, close, high, and low prices. When these differences exceed a threshold determined by the user-defined standard deviation, areas of intense buying (indicated by green boxes) and selling pressure (indicated by red boxes) on the chart are identified. How It Works: The indicator calculates Delta using various combinations of candle prices to determine buying and selling pressure. When Delta surpasses a certain level, indicated by the user-defined standard deviation, visual signals in the form of boxes on the chart are generated. These boxes highlight specific areas where buying or selling pressure is particularly strong, aiding traders in identifying potential entry and exit points in the market. How to Use: * When a green box is drawn, it indicates strong buying pressure in the market. This can be interpreted as a signal to consider long positions. * When a red box is drawn, it indicates strong selling pressure in the market. This can be interpreted as a signal to consider short positions. * Use these signals in combination with your own analysis and risk management strategies to make informed trading decisions. Originality: What makes this indicator original is its unique approach to identifying specific areas of buying and selling pressure. By calculating Delta in multiple ways and utilizing standard deviation as a filter, this indicator provides clear and concise visual signals about market activity. The combination of these features distinguishes it as a valuable tool for traders seeking a better understanding of market behavior. This modification differs from the original by displaying the information on the price chart with horizontal bars, below each delta, instead of an oscillator at the bottom similar to the volume indicator. Final Recommendations: Consider Market Trends: Before making any trading decisions using the Delta Zones Buy/Sell Pressure Indicator, it is crucial to analyze the prevailing market trends. Assess the overall direction of the market, whether it's trending upward, downward, or moving sideways. Align your trades with the dominant trend to increase the probability of successful outcomes. The indicator's signals can be more reliable when they align with the broader market trend. Evaluate Macro-Economic Factors: Additionally, take into account macro-economic factors that could influence price movements. Factors such as economic indicators, geopolitical events, interest rate decisions, and global market sentiments can significantly impact the financial markets. Stay updated with relevant news and economic reports to anticipate potential market shifts. Understanding the broader economic context can help you interpret the indicator's signals within a more informed framework. Practice Risk Management: Regardless of the signals provided by the Delta Zones Buy/Sell Pressure Indicator, always implement effective risk management strategies. This includes setting stop-loss orders, diversifying your portfolio, and only risking a small percentage of your trading capital on each trade. By managing your risk, you can protect your investments and ensure longevity in the market, even during volatile periods. Continuous Learning and Adaptation: Financial markets are dynamic and constantly evolving. Continuously educate yourself about new trading strategies, technical analysis tools, and economic developments. Stay open to adapting your trading approach based on changing market conditions. Regularly reviewing your trading strategy and adjusting it according to your experiences and market feedback can significantly enhance your trading performance over the long term. Seek Professional Advice if Necessary: If you are uncertain about specific market trends, indicators, or economic factors, don't hesitate to seek guidance from financial advisors or professionals. Their expertise can provide valuable insights and help you make well-informed decisions, especially in complex or uncertain market environments. By incorporating these recommendations into your trading approach, you can enhance your decision-making process, mitigate risks, and increase your overall chances of successful trading outcomes. Remember, the key to successful trading lies not only in the tools you use but also in your ability to interpret them within the broader market context.
Pine Script® indicator
by NathanTradeus
46
Market Sessions and TPO (+Forecast)This indicator "Market Sessions and TPO (+Forecast)" shows various market sessions alongside a TPO profile (presented as the traditional lettering system or as bars) and price forecast for the duration of the session. Additionally, numerous statistics for the session are shown. Features Session open and close times presented in boxes Session pre market and post market shown TPO profile generated for each session (normal market hours only) A forecast for the remained of the session is projected forward Forecast can be augmented by ATR Naked POCs remain on the chart until violated Volume delta for the session shown OI Change for the session shown (Binance sourced) Total volume for the session shown Price range for the session shown The image above shows processes of the indicator. Volume delta, OI change, total volume and session range are calculated and presented for each session. Additionally, a TPO profile for the most recent session is shown, and a forecast for the remainder of the active session is shown. The image above shows an alternative display method for the session forecast and TPO profile! Additionally, the pre-market and post-market times are denoted by dashed boxes. The image above exemplifies additional capabilities. That's all for now; further updates to come and thank you for checking this out! And a special thank you to @TradingView of course, for making all of this possible!
Pine Script® indicator
by MXWLL-Capital-Trading
50
Volume Delta CandlesThis indicator is designed to visualize the volume delta, which represents the difference between buying and selling volumes during each candle period. The indicator plots custom candlesticks on the chart, with OHLC values calculated based on the volume delta. Calculations: To calculate the volume delta, the indicator first determines the buying and selling volumes. If the closing price is higher than the opening price (close > open), the volume is considered as buying volume. If the closing price is lower than the opening price (close < open), the volume is considered as selling volume. Otherwise, the volume is set to zero. The volume delta is then calculated as the difference between the buying volume and the selling volume. The custom OHLC values are derived from the volume delta. The custom open is obtained by subtracting the volume delta from the closing price. The custom close is obtained by adding the volume delta to the closing price. The custom high is set as the maximum value between the closing price and the custom open, ensuring that the candle represents the highest value within the range. The custom low is set as the minimum value between the closing price and the custom open, ensuring that the candle represents the lowest value within the range. Interpretation: The indicator's custom candles provide visual insights into the volume delta. Each candlestick's color (lime for positive volume delta, fuchsia for negative volume delta) indicates the dominance of buying or selling pressure during that period. When the volume delta is positive, it suggests that buying volume exceeded selling volume, possibly indicating a bullish sentiment. Conversely, when the volume delta is negative, it indicates that selling volume was higher, potentially signaling a bearish sentiment. The indicator also plots a zero line to represent the equilibrium point, where buying and selling volumes are equal. Potential Uses and Limitations: Traders can use the indicator to gain insights into the strength and direction of buying and selling pressures. Positive volume delta during an uptrend could suggest the presence of strong buying interest, potentially supporting further bullish moves. On the other hand, negative volume delta during a downtrend could indicate intensified selling pressure, hinting at potential further declines. Traders might use the indicator in conjunction with other technical analysis tools, such as support and resistance levels, trendlines, or oscillators, to confirm potential reversal points or trend continuations. It's essential to interpret the indicator in the context of the overall market environment. While volume delta can provide valuable insights into short-term buying and selling imbalances, it is just one aspect of market analysis. Traders should consider other factors, such as market structure, fundamental events, and overall sentiment, to make informed trading decisions. Additionally, the indicator's efficacy might vary across different market conditions, and it may produce false signals during low-volume periods or choppy markets. Conclusion: By visualizing volume delta through custom candlesticks, traders can gauge market sentiment and potentially identify key reversal or continuation points. As with any technical indicator, it is advisable to use the Volume Delta Candles in combination with other tools to gain a comprehensive understanding of market conditions and make well-informed trading choices. Additionally, traders should practice proper risk management techniques to protect their capital while using the indicator in their trading strategy.
Pine Script® indicator
by LeafAlgo
1
ATR DeltaThe ATR Delta indicator is based on the concept of Average True Range (ATR), which reflects the average price range over a specified period. By calculating the difference between current and previous ATR values, the ATR Delta provides valuable insights into volatility shifts in the market. This information can help traders identify periods of heightened or diminished price movement, enabling them to adjust their strategies accordingly. The ATR Delta indicator consists of two main calculations: -- ATR Calculation : The Average True Range (ATR) is calculated using the specified length parameter. It measures the average price range (including gaps) during that period. A larger ATR value indicates higher volatility, while a smaller value indicates lower volatility. -- ATR Delta Calculation : The ATR Delta is calculated by subtracting the ATR value of the previous bar from the current ATR value. This calculation captures the change in volatility between the two periods, providing a measure of how volatility has evolved. Positive ATR Delta values indicate an increase in volatility compared to the previous period. It suggests that price movements have expanded, potentially indicating a more active market. On the other hand, negative ATR Delta values indicate a decrease in volatility compared to the previous period. It suggests that price movements have contracted, potentially signaling a calmer or range-bound market. The ATR Delta indicator uses coloration to visually represent the relationship between the ATR Delta, zero, and a signal line: -- Green color is assigned when the ATR Delta is positive, above the signal line, and increasing. This coloration suggests a scenario of higher volatility, as the market is experiencing upward momentum in price swings. -- Red color is assigned when the ATR Delta is negative, below the signal line, and decreasing. This coloration suggests a scenario of lower volatility, as the market is experiencing downward momentum in price swings. -- Gray color is assigned for other cases when the ATR Delta and signal line relationship does not meet the above conditions. These colors are reflected in the columns of the ATR Delta as well as the bar coloration. The ATR Delta indicator includes a signal line, which acts as a reference for interpreting the ATR Delta values. The signal line is calculated as a moving average (EMA) of the ATR Delta over a specified length. It helps smooth out the ATR Delta fluctuations, providing a clearer indication of the underlying trend in volatility changes. When the ATR Delta crosses above the signal line, it may suggest a potential increase in volatility, indicating a market that is becoming more active. Conversely, when the ATR Delta crosses below the signal line, it may suggest a potential decrease in volatility, indicating a market that is becoming less active. The coloration of the signal line in the ATR Delta indicator helps to differentiate between positive and negative values and provides further insight into market sentiment. When the signal line is positive, indicating increasing volatility, it is colored lime. This color choice reinforces the bullish sentiment and signifies potential opportunities for trend continuation or breakouts. On the other hand, when the signal line is negative, indicating decreasing volatility, it is colored fuchsia. This color choice highlights the bearish sentiment and suggests potential range-bound or consolidation periods. These colors are reflected in the background of the indicator. The ATR Delta indicator offers several potential applications for traders: -- Volatility Analysis : The ATR Delta is invaluable for understanding and analyzing volatility dynamics in the market. Traders can observe the changes in ATR Delta values and use them to assess the current level of price movement. This information can help determine the appropriate strategies and risk management approaches. -- Breakout Strategies : Traders often use the ATR Delta to identify periods of increased volatility, which frequently accompany breakouts. By monitoring the ATR Delta, traders can anticipate potential price breakouts and adjust their entry and exit levels accordingly. -- Trend Confirmation : Combining the ATR Delta with trend-following indicators allows traders to validate the strength of a trend. Higher ATR Delta values during an uptrend may indicate stronger momentum and a higher likelihood of continuation. Conversely, lower ATR Delta values during a downtrend may suggest a potential consolidation phase or trend reversal. Limitations : -- Lagging Indicator : The ATR Delta indicator is based on historical data and calculates the difference between current and previous ATR values. As a result, it may lag behind real-time market conditions. Traders should be aware of this delay and consider it when making trading decisions. It is advisable to combine the ATR Delta with other indicators or price action analysis for a more comprehensive assessment of market conditions. -- Parameter Sensitivity : The ATR Delta indicator's effectiveness can be influenced by the selection of its parameters, such as the length of the ATR and signal line. Different market conditions may require adjustments to these parameters to better capture volatility changes. Traders should carefully test and optimize the indicator's parameters to align with the characteristics of the specific market or asset they are trading. -- Market Regime Changes : The ATR Delta indicator assumes that volatility changes occur gradually. However, in rapidly changing market regimes or during news events, volatility can spike or drop abruptly, potentially rendering the indicator less effective. Traders should exercise caution and consider using additional tools or techniques to identify and adapt to such market conditions. The ATR Delta indicator is a valuable tool for traders seeking to analyze and monitor volatility dynamics in the market. By calculating the difference between current and previous ATR values, it provides insights into changes in price movement and helps identify periods of increased or decreased volatility. Traders can leverage the ATR Delta to fine-tune their strategies, validate trend strength, and identify potential breakout opportunities. However, it is essential to recognize the limitations of the indicator, including its lagging nature and sensitivity to parameter selection. By combining the ATR Delta with other technical analysis tools and applying sound risk management practices, traders can enhance their decision-making process and potentially improve their trading outcomes.
Pine Script® indicator
by LeafAlgo
1
Volume Suite - By Leviathan (CVD, Volume Delta, Relative Volume)Volume Suite is an all-in-one script that includes several volume-based indicators such as CVD, Volume Delta, Relative Volume, Buy/Sell Volume, Cumulative Relative Volume and more. Additionally, it offers fully customisable appearance and features for improved data visualization, such as highlights for high volume activity, small price changes with high volume, or large price changes with low volume and more. Data available in version 1: - Volume Delta Volume Delta is the net difference between Buy Volume and Sell Volume at a given bar. Positive Delta indicates that Buy Volume > Sell Volume, while Negative Delta means that Sell Volume > Buy Volume. As there is not way to get tick data on Tradingview, calculating Volume Delta is improvised by using the direction of lower timeframe candles and their volume. - Cumulative Volume Delta (CVD) CVD is a running total/cumulation of Volume Delta values, where positive VD gets added to the sum and negative VD gets subtracted from the sum. It can be used for trend strength analysis, divergence strategies, sentiment, etc. - Buy/Sell Volume Buy and Sell Volume provides an insight into volume activity in a given bar by estimating the buying/selling volume based on the direction of lower timeframe candles and their volume. - Relative Volume Relative Volume is used to compare current trading volume to past trading volume over a given period. For instance, a relative volume of 1.0 indicates that volume is at an average level, while a relative volume of 2.0 suggests that the volume is twice as high as the average. - Cumulative Relative Volume (CRVOL) CRVOL is a running total/cumulation of Relative Volume values, where RVOL at close>open gets added to the sum and RVOL at close<open gets subtracted from the sum. It can be used for trend strength analysis, divergence strategies, sentiment, etc. Alerts, aggregated data and more data sets coming in future updates.
Pine Script® indicator
by LeviathanCapital
60
Price Delta HeatmapThe Price Delta Heatmap is an indicator designed to visualize the price changes of an asset over time. It helps traders identify and analyze significant price movements and potential volatility. The indicator calculates the price delta, which is the difference between the current close price and the previous close price. It then categorizes the price deltas into different color ranges to create a heatmap-like display on the chart. The indicator uses user-defined thresholds to determine the color ranges. These thresholds represent the minimum price change required for a specific color to be assigned. The thresholds are adjustable to accommodate different asset classes and trading strategies. Positive price deltas are associated with bullish movements, while negative price deltas represent bearish movements. The indicator plots bars color-coded according to the price delta range it falls into. The color ranges can be customized to match personal preferences or specific trading strategies. Additionally, the indicator includes signal shapes below the bars to highlight significant positive or negative price deltas. Traders can adjust the threshold values based on their preferred sensitivity to price changes. Higher threshold values may filter out minor price movements and focus on more significant shifts, while lower threshold values will capture even minor fluctuations. ****The default settings have the thresholds set to levels of 100, 50, 20, 10, 0, -10, -20, -50, and -100. These numbers are well-suited for assets such as Ethereum or Bitcoin which are larger in price than an asset that has a price of $1.50, for example. To compensate, adjust the thresholds in the settings to reflect the price delta on the desired asset. All coloration and horizontal line plots will adjust to reflect these changes.**** Traders can interpret the Price Delta Heatmap as follows: -- Bright green bars indicate the highest positive price deltas, suggesting strong bullish price movements. -- Green bars represent positive price deltas above the third threshold, indicating significant bullish price changes. -- Olive bars indicate positive price deltas above the second threshold, suggesting moderate bullish price movements. -- Yellow bars represent positive price deltas above the lowest threshold, indicating minor bullish price changes. This color is reflected on the negative side as well. Yellow bars below zero indicate negative price deltas below the lowest threshold, suggesting minor bearish price changes. -- White bars represent zero price deltas, indicating no significant price movement. -- Orange bars represent negative price deltas below the second threshold, indicating moderate bearish price movements. -- Red bars indicate negative price deltas below the third threshold, suggesting significant bearish price changes. -- Maroon bars represent the lowest negative price deltas, indicating strong bearish price movements. The coloration of the Price Delta line itself is determined by the line's relation to the second positive and second negative thresholds (default +/- 20) - if the line is above the second positive threshold, the line is colored lime (and is reflected in a lime arrow at the bottom of the indicator); if the line is below the second negative threshold, the line is colored fuchsia (also reflected as an arrow); if the line is between thresholds, it is colored aqua. The Price Delta Heatmap can be used in various trading strategies and applications. Some potential use cases include: -- Trend identification : The indicator helps traders identify periods of high volatility and potential trend reversals. -- Volatility analysis : By observing the color changes in the heatmap, traders can gauge the volatility of an asset and adjust their risk management strategies accordingly. -- Confirmation tool : The indicator can be used as a confirmation tool alongside other technical indicators, such as trend-following indicators or oscillators. -- Breakout trading : Traders can look for price delta bars of a specific color range to identify potential breakout opportunities. However, it's important to note that the Price Delta Heatmap has certain limitations. These include: -- Lagging nature : The indicator relies on historical price data, which means it may not provide real-time insights into price movements. -- Sensitivity to thresholds : The choice of threshold values affects the indicator's sensitivity and may vary depending on the asset being traded. It requires experimentation and adjustment to find optimal values. -- Market conditions : The indicator's effectiveness may vary depending on market conditions, such as low liquidity or sudden news events. Traders should consider using the Price Delta Heatmap in conjunction with other technical analysis tools and incorporate risk management strategies to enhance their trading decisions.
Pine Script® indicator
by LeafAlgo
2
Broadview Delta (ROC)The Broadview Delta (ROC) is a trading indicator designed to provide insights into significant price changes in financial markets. ROC stands for Rate of Change, and it measures the percentage difference between the current price and a price from a specific number of periods ago. The Broadview Delta takes the concept of ROC a step further by incorporating bands of significance based on the highest and lowest price values within a defined time window. This allows traders to identify significant changes in price that are directly correlated with recent highs and lows. The ROC indicator is widely used by traders and investors to assess the momentum and strength of price movements. It is particularly helpful in identifying potential trend reversals, overbought or oversold conditions, and divergences between price and momentum. By comparing the current price to a historical price point, ROC provides a normalized measurement of price change, enabling traders to gauge the speed and magnitude of market movements. The Broadview Delta builds upon the traditional ROC by setting bands of significance based on recent highs and lows. These bands provide a contextual reference point for evaluating the significance of price changes. When the current price exceeds a significant upper band, it suggests a potential overbought condition, indicating that the price may be due for a correction. Conversely, if the current price falls below a significant lower band, it signals a potential oversold condition, implying that the price may be primed for a rebound. The bands of significance allow traders to identify crucial price levels where significant market reactions are likely to occur. By mapping significant changes in price in relation to recent highs and lows, the Broadview Delta offers traders a clearer picture of market dynamics. It helps traders identify critical inflection points where price action is likely to encounter resistance or support. This information empowers traders to make informed decisions about entering or exiting trades, setting profit targets, and placing stop-loss orders. The Broadview Delta indicator can be applied to various financial instruments, such as stocks, commodities, currencies, and indices. It can be used on different timeframes, ranging from intraday charts to longer-term charts, depending on the trader's preferred trading style and objectives. The Broadview Delta (ROC) is a powerful trading indicator that combines the principles of the Rate of Change with bands of significance based on recent highs and lows. By providing a direct correlation between significant price changes and recent price extremes, it enhances the ability of traders to identify crucial market turning points. Incorporating the Broadview Delta into trading strategies can improve decision-making, increase the accuracy of trade entries and exits, and ultimately contribute to more profitable trading outcomes.
Pine Script® indicator
by UnknownUnicorn38161102
Open Interest Profile [Fixed Range] - By LeviathanThis script generates an aggregated Open Interest profile for any user-selected range and provides several other features and tools, such as OI Delta Profile, Positive Delta Levels, OI Heatmap, Range Levels, OIWAP, POC and much more. The indicator will help you find levels of interest based on where other market participants are opening and closing their positions. This provides a deeper insight into market activity and serves as a foundation for various different trading strategies (trapped traders, supply and demand, support and resistance, liquidity gaps, imbalances,liquidation levels, etc). Additionally, this indicator can be used in conjunction with other tools such as Volume Profile. Open Interest (OI) is a key metric in derivatives markets that refers to the total number of unsettled or open contracts. A contract is a mutual agreement between two parties to buy or sell an underlying asset at a predetermined price. Each contract consists of a long side and a short side, with one party consenting to buy (long) and the other agreeing to sell (short). The party holding the long position will profit from an increase in the asset's price, while the one holding the short position will profit from the price decline. Every long position opened requires a corresponding short position by another market participant, and vice versa. Although there might be an imbalance in the number of accounts or traders holding long and short contracts, the net value of positions held on each side remains balanced at a 1:1 ratio. For instance, an Open Interest of 100 BTC implies that there are currently 100 BTC worth of longs and 100 BTC worth of shorts open in the market. There might be more traders on one side holding smaller positions, and fewer on the other side with larger positions, but the net value of positions on both sides is equivalent - 100 BTC in longs and 100 BTC in shorts (1:1). Consider a scenario where a trader decides to open a long position for 1 BTC at a price of $30k. For this long order to be executed, a counterparty must take the opposite side of the contract by placing a short order for 1 BTC at the same price of $30k. When both long and short orders are matched and executed, the Open Interest increases by 1 BTC, indicating the introduction of this new contract to the market. The meaning of fluctuations in Open Interest: - OI Increase - signifies new positions entering the market (both longs and shorts). - OI Decrease - indicates positions exiting the market (both longs and shorts). - OI Flat - represents no change in open positions due to low activity or a large number of contract transfers (contracts changing hands instead of being closed). Typically, we monitor Open Interest in the form of its running value, either on a chart or through OI Delta histograms that depict the net change in OI for each price bar. This indicator enhances Open Interest analysis by illustrating the distribution of changes in OI on the price axis rather than the time axis (akin to Volume Profiles). While Volume Profile displays the volume that occurred at a given price level, the Open Interest Profile offers insight into where traders were opening and closing their positions. How to use the indicator? 1. Add the script to your chart 2. A prompt will appear, asking you to select the “Start Time” (start of the range) and the “End Time” (end of the range) by clicking anywhere on your chart. 3. Within a few seconds, a profile will be generated. If you wish to alter the selected range, you can drag the "Start Time" and "End Time" markers accordingly. 4. Enjoy the script and feel free to explore all the settings. To learn more about each input in indicator settings, please read the provided tooltips. These can be accessed by hovering over or clicking on the ( i ) symbol next to the input.
Pine Script® indicator
by LeviathanCapital
20
Market Order Bubbles - By Leviathan"Market Order Bubbles" is a volume-based indicator that helps visualize the occurrences of increased aggressiveness in market buying/selling and can serve as a useful confluence for trading reversals or as a simple tool for observing real-time market dynamics. I created Market Order Bubbles six months ago as an additional tool included in my Liquidation Levels script. Due to their popularity, I decided to publish them as a standalone indicator with some new features. The script is based on a calculation that uses volume data (imitation of CVD) and price action to estimate where there is a surge in the quantity and magnitude of market buy and sell orders. These occurrences are visualized with circles (bubbles) that appear above the bar (market buy orders) or below the bar (market sell orders). Most of the time, the approach to interpreting the bubbles is contrarian, meaning that the appearance of Market Buy Order Bubbles can serve as a confluence to look for shorts, and the appearance of Market Sell Order Bubbles can serve as a confluence to look for longs. The concept behind taking a contrarian approach: Market Buy Order Bubbles appear above the price and possibly signal the following: - Short positions being liquidated (exit short = buy order) - New traders entering late longs based on FOMO (enter long = buy order) - Smarter traders getting their limit sell orders filled by aggressive buyers/stopped out shorts ⇒ Possible reversal to the downside / short-term pullback / start of ranging price action (PA) Market Sell Order Bubbles appear below the price and possibly signal the following: - Long positions being liquidated (exit long = sell order) - New traders entering late shorts based on FOMO (enter short = sell order) - Smarter traders getting their limit buy orders filled by aggressive sellers/stopped out longs ⇒ Possible reversal to the upside / short-term pullback / start of the ranging PA These events are identified and filtered by EMA and STDEV-based "thresholds," which can be modified in the indicator settings. 1. If the buy/sell volume exceeds the first threshold, a Small Bubble is displayed. 2. If the buy/sell volume surpasses the second threshold, a Medium Bubble is displayed. 3. If the buy/sell volume exceeds the third threshold, a Large Bubble is displayed. Increasing the multipliers effectively increases the threshold for a given bubble to appear, making the conditions for its occurrence more strict. Decreasing the multipliers effectively decreases the threshold for a given bubble to appear, making the conditions for its occurrence less strict. Settings Overview "Bubble Position" - Choose whether the bubbles are displayed above/below the candle, at the candle high/low, or at the intrabar POC of the candle. "Strength Gradient Color" - This option adjusts the transparency of the bubble's color relative to the volume on that bar. "Threshold EMA Length" - Choose the length of the EMA used for determining the thresholds. "Threshold STDEV Length" - Choose the length of the ta.stdev() function used on the EMA. "Appearance Delay" - This input allows you to delay the appearance of the bubble for x number of bars. The default is 0. "Show POC" - Show/hide intrabar POCs displayed as "-". "Timeframe-Adjusted Settings" - Different timeframes might require different parameters. In this section, you can set custom parameters (Lengths and Multipliers) for four different timeframes, and the script will automatically switch to those settings as you browse through different timeframes.
Pine Script® indicator
by LeviathanCapital
39
Volume / Open Interest "Footprint" - By LeviathanThis script generates a footprint-style bar (profile) based on the aggregated volume or open interest data within your chart's visible range. You can choose from three different heatmap visualizations: Volume Delta/OI Delta, Total Volume/Total OI, and Buy vs. Sell Volume/OI Increase vs. Decrease. How to use the indicator: 1. Add it to your chart. 2. The script will use your chart's visible range and generate a footprint bar on the right side of the screen. You can move left/right, zoom in/zoom out, and the bar's data will be updated automatically. Settings: - Source: This input lets you choose the data that will be displayed in the footprint bar. - Resolution: Resolution is the number of rows displayed in a bar. Increasing it will provide more granular data, and vice versa. You might need to decrease the resolution when viewing larger ranges. - Type: Choose between 3 types of visualization: Total (Total Volume or Total Open Interest increase), UP/DOWN (Buy Volume vs Sell Volume or OI Increase vs OI Decrease), and Delta (Buy Volume - Sell Volume or OI Increase - OI Decrease). - Positive Delta Levels: This function will draw boxes (levels) where Delta is positive. These levels can serve as significant points of interest, S/R, targets, etc., because they mark the zones where there was an increase in buy pressure/position opening. - Volume Aggregation: You can aggregate volume data from 8 different sources. Make sure to check if volume data is reported in base or quote currency and turn on the RQC (Reported in Quote Currency) function accordingly. - Other settings mostly include appearance inputs. Read the tooltips for more info.
Pine Script® indicator
by LeviathanCapital
75
Range Analysis - By LeviathanThe Interactive Range Analysis script is an essential tool for analyzing price ranges. It automatically draws important range levels, generates a Volume Profile or Open Interest profile and horizontal/vertical heatmaps, plots the anchored VWAP, draws Fibonacci levels, and much more. How to use the indicator: 1. The script will prompt you to select the "Start Time" and "End Time" using Tradingview's interactive interface. These two points will determine the length of the range. 2. Once you have selected the range, the script will automatically anchor the range highs and lows to the highest and lowest close/wick/hlc3/ohlc4 (whichever you prefer). 3. You can then begin exploring different tools and options such as Quarters, Eighths, Fibonacci, Outer Levels, VWAP, Horizontal Volume/OI Heatmap, Vertical Volume/OI Heatmap, Fixed Range Volume Profile, Open Interest Profile, Value Area, VAH, VAL, and POC. 4. You can adjust the range by dragging the Start Time and End Time anchors or by removing/reapplying the script. Tool overview Range Levels After selecting your preferred time range, the script will identify and draw a range high level and a range low level, which serve as a base for other important levels. “Half” is the level halfway between the range high and range low. “Quarters” will, as the name suggests, split the range into four equal zones (quarters) and “Eighths” will split the range into eight equal zones (eighths). ”Fibonacci” option allows you to display Fibonacci retracement levels (0.786, 0.618, 0.382, 0.236). “VWAP” will plot a Volume Weighted Average Price, anchored to the start of the range. “Direction” input lets you choose whether your range is UP or DOWN trending in order to make sure that the Fibonacci levels and labels are generated and assigned correctly. With “Outer” turned ON, the script will also generate active levels (quarters/eighths/Fibonacci) above and below the selected price range. “Extend Right” will extend all levels to the right indefinitely, while “Extend (+Bars)” lets you choose how far right the levels get extended. “Diagonal Line” is drawn from the bottom left of the range to the top right of the range or from the top left of the range to the bottom right of the range, depending on the “Direction” input. Volume Profile / Open Interest Profile After selecting the “Data Type”, Volume Profile or OI Profile can be generated by turning ON the “Volume/OI Profile” option. “Resolution” input defines the amount of nodes/rows in the range that are used in profile/heatmap generation for distributing the data. While you can increase the “Resolution” to get better, more granular profiles, you should keep in mind that you might need to lower the resolution when generating profiles for larger ranges. ”Node Type” offers you two options when it comes to the representation of data: Up/Down - divides a node in two sections for up volume/OI and down volume/OI, Total - one node for total volume/OI and Delta - net difference in up volume/OI and down volume/OI. ”Profile Position” lets you choose whether the profile is positioned on the left side of the range or on the right side of the range. “Profile Direction” determines whether the profile nodes are facing right or left. “Profile Type” enables you to visualize the nodes in a classic way (Type 1) or in a way where down volume/negative OI are positioned on the left side of the y axis and up volume/positive OI on the right side of the y axis. “Node Size (%)” defines how much space in the range can be taken by the profile’s nodes. Eg. 50% will allow the largest node to extend to the middle of the range (and others scaled accordingly), 100% will allow the largest node to extend the max right point of the range (and others scaled accordingly). ”Value Area (%)” defines the VA zone, which represents the area where the most volume occured (usually 70% or 68%). ”Horizontal Heatmap” will display a heatmap-like overlay, that will help you identify the price levels where most volume/open interest action occurred. ”Vertical Heatmap” will display a heatmap-like overlay, that will help you identify the points in time where most volume/open interest action occurred. A more detailed description of this indicator is coming in the next few days. Important: * If volume or OI profile does not get generated, try lowering the resolution. * Once in a while, the script will disappear from your chart. Just remove and reapply. * Open Interest data is only avaiable on Binance Perpetual Futures pairs To learn more, read the tooltips in the indicator’s settings and stay tuned for upcoming additions (Range Market Structure, Liquidation Levels, Range Statistics,…)
Pine Script® indicator
by LeviathanCapital
41
Easy RSI by nnamWhat Does this Indicator Do? The Easy RSI Indicator color codes candles based on their RSI Value vs. Open / Close (Red / Green). It plots the current price and current RSI value on the chart in real-time. Additionally, when the RSI Value is in an oversold or overbought condition, it plots that signal on the chart in real-time. The initial candle color is the standard Red / Green Tradingview color, but a Gradient is added to the color which either darkens or lightens the color based on the RSI Value. As seen in the screenshot below, the higher the RSI Value, the brighter the Green Color is. The lower the RSI Value, the brighter the Red Color is. The current Price and current RSI Value are both plotted on the chart by default, but can be optionally switched off by the trader. As seen in the screenshot below, the prices and RSI Values are easily seen while visually tracking the price in real-time. RSI Overbought Values are plotted when the Overbought condition is triggered. The Default is RED for Overbought and GREEN for Oversold. As seen in the screenshot below, with all three labels turned on under the input settings (these are ON by default) you can see the overbought condition, the current RSI Value, and current price all in one centralized area. Oversold Values are also plotted when turned on under the input settings. As shown in the screenshot below, the candle is GREEN (as evident by the green candle outline) but the RSI Value is low and shows lower than average relative strength. This turns the bar color ORANGE vs, GREEN showing that the relative strength of the move is subpar. As shown on the screenshot below, if the trader has the standard Tradingview Price label switched on (in the Tradingview Chart Settings), the color of the bar is also translated to the price are for an easy to recognize RSI Value just by looking at the price. Even if the current candle is RED, when the RSI is higher than lower, the color will be green / greenish and even if the current candle is GREEN, when the RSI Value is lower than higher, the color will be red-ish / orange in color giving the user a quick view of RSI Value. If you have any questions or feature requests for this Indicator please do not hesitate to reach out and ask. GOOD LUCK trading!! ~nnamdert
Pine Script® indicator
by nnamdert
2
RS: FootprintThis is live only Footprint indicator. Warning: TV does not provide tick by tick data and updates come in snapshots . Based on this, this indicator can never show precisely what is happening on the bid/ask. What it shows is only an approximation that works well enough if the tape is not too fast. Use it at your own risk, with the warning above in mind! Footprint can be used in two modes: Delta - with bid/ask delta numbers on the left, at the same price level and the total volume numbers on the right Bid vs Ask - with the bid on the left and the ask on the right; the coloring is based on the diagonal difference Zoom in to fit the candles; optionally hide default candles.
Pine Script® indicator
by inversionflow
33
Up/Down Volume + DeltaThis simple script is a modification of Tradingview's Up/Down Volume. In this case the delta between the buys and sells is plotted in columns style above the regular up/down volume columns. This gives a better visual of the dominant volume and is useful to spot divergences in tops and bottoms. The indicators uses data from lower timeframe volumes. By default the lowest timeframe it will use is 1m, but for those that have a premium account you can try using a custom LTF set to seconds when scalping on the 1m chart. Enjoy :)
Pine Script® indicator
by FractalTrade_
3
Delta Ladder [Kioseff Trading]Hello! This script presents volume delta data in various forms! Features Classic mode: Volume delta boxes oriented to the right of the bar (sell closer / buy further) On Bar mode: Volume delta boxes oriented on the bar (sell left / buy right) Pure Ladder mode: Pure volume delta ladder PoC highlighting Color-coordinated delta boxes. Marginal volume differences are substantially shaded while large volume differences are lightly shaded. Volume delta boxes can be merged and delta values removed to generate a color-only canvas reflecting vol. delta differences in price blocks. Price bars can be split up to 497 times - allowing for greater precision. Total volume delta for the bar and timestamp included The image above shows Classic mode - delta blocks are oriented left/right contingent on positive/negative values! The image above shows the same price sequence; however, delta blocks are superimposed on the price bar. Left-side blocks reflect negative delta while right-side blocks reflect positive delta! To apply this display method - select "On Bar" for the "Data Display Method" setting! The image above shows "Pure Ladder" mode. Delta blocks remain color-coordinated; however, all delta blocks retain the same x-axis as the price bar they were calculated for! Additionally, you can select to remove the delta values and merge the delta boxes to generate a color-based canvas indicative of volume delta at traded price levels! The image above shows the same price sequence; however, the "Volume Assumption" setting is activated. When active, the indicator assumes a 60/ 40 split when a level is traded at and only one metric - "buy volume" or "sell volume" is recorded. This means there shouldn't be any levels recorded where "buy volume" is greater than 0 and "sell volume" equals 0 and vice versa. While this assumption was performed arbitrarily, it may help better replicate volume delta and OI delta calculations seen on other charting platforms. This option is configurable; you can select to have the script not assume a 60/ 40 split and instead record volume "as is" at the corresponding price level! I plan to roll out additional features for the indicator - particularly tick-based price blocks! Stay tuned (: Thank you!
Pine Script® indicator
by KioseffTrading
23