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Delta

China to Derivateves DeltaCONCEPT This indicator shows the delta between the Chinese market and the Derivatives, which implies the ability to track how China is trading. FEATURES USDT fixed Delta Absolute Delta Tether Desirability TRADING It's simple when USDT Fixed C2D, Absolute C2D and Tether Desirability are negative – this signals an increased pressure from sellers from China, also vice versa. If you want access send me a private message so we can discuss it. Cheers.
Pine Script® indicator
by truenomic
The Insider - Hunt Bitcoin CoT DeltaThe Insider - Hunt Bitcoin CoT Delta The gift of the Squeeze in the Largest 4 open Interest Shorts vs Longs. Why Bother another CoT signal? Its different & focused on the Insider's. Performance - This Indicator provided a 1. Signal 1 = 26th March 2019 = SUPER LONG at $4,500 that saw a near $14,000 run up 2. Signal 2 = 18th & 24th June 2019 = SHORT at the second & final level $11,700 after repeated attempts & failure in the $13K range, the mini Echo Bitcoin Bull of 2019 3. Signal 3 = 17th December 2019 = LONG $6,900, Bitcoin rallied to Mid $10,500's 4. Signal 4 = 18th Feb 2020 = SUPER SHORT from $9,700's to a final extreme Low of $3,000, calling the CV-19 collapse 5. Signal 5 = 17th March 2020 = LONG from $5,400 no closure point yet 6. Signal 6 = 29th June 2020 = SUPER LONG reiterate from $10,700 no closure sell signal yet 7. Signal 7 = 17th May 2020 = LONG another accumulate LONG with no sell signal yet generated at Post H&S's low of $33,000 Note - This indicator only commences March 2019, as Bitcoin futures were a recent introduction and needed to settle for 6 months in both use and data, no signals were meaningful prior & data was light. What is Provided. - Please note the need to also add the Hunt Bitcoin Historical Volatility Indicator for full understanding. We provide 3 things with the 3 indicators. 'Insider' indications from Largest players in the futures market. 1. Bitcoin Macro Buy Signals. a) The Bitcoin Commitment of Traders results see us focus solely on Largest 4 Short Open Interest & Largest 4 Long Open Interest aspects of the CoT Release data. When the difference - is tight, a kind of pinch, these have been great Buy signals in Bitcoin. We call this difference the Delta & When Delta is 5% or less Bitcoin is a Buy. 2. Bitcoin Macro Sells. a) A sell signal is Triggered in Bitcoin at any point the Largest 4 short OI > or = to 70 3. AMPLIFIER Trade signals 'Super' Longs or Shorts - Extreme low volatility events leads to highly impulsive & volatile subsequent moves, if either of 1 or 2 above occur, combined with extreme low volatility a 'Super Long' or 'SUPER SELL' is generated. In the case of the short side, given Bitcoins general expansive and MACRO Bull trend since inception, we seek an additional component that is an extreme differential/Delta reading between 4 biggest Longs & Shorts OI. Namely CoT Delta also must be > 47.5% We also have a Cautionary level, where it is not necessarily a good idea to accumulate Bitcon, as a better opportunity lower may avail itself, see conditions below. So the required logic explicitly stated below for all Signals. 1. Long - Hunt Bitcoin CoT Delta < or = 5 2. SUPER Long - Hunt Bitcoin CoT Delta < or = 5; and 2 Day Historical Bitcoin Volatility = or < 20 3. Short - Largest 4 Sellers OI = or > 70 4. SUPER Short - Largest 4 Sellers OI = or > 70; AND.. Hunt Bitcoin CoT Delta = or > 47.5 AND 2 Day Historical BTC Volatility = or < 20 5. Caution - Largest 4 Sellers OI = or > 67.5 AND Hunt Bitcoin CoT Delta = or > 45 WARNING SEE Notes Below Note 1 - = Largest 4 Open Interest Shorts Note 2 - = Largest 4 Open Interest Longs Note 3 - = Hunt Cot Delta = (Largest 4 sellers OI) -( Largest 4 Buyers OI) Caution = Avoid new Bitcoin Accumulation Right Now, A sell signal might follow Enter on next Long Note 4 - The Hunt Bitcoin COT Delta signal is a Largest 'Insider' Tracking tool based on a segment of Commitment of Traders data on Bitcoin Futures, released once a week on a Friday. It is a Macro Timeframe signal , and should not be used for Day trading and Short Timeframe analysis , Entries may be optimised after a Hunt Bitcoin CoT Signal is generated by separate shorter Timeframe analysis. Note 5 - The Historical Bitcoin Volatility is an additional 'Amplifier' component to the 'Hunt Bitcoin Cot Delta' Insider Signal Note 6 - The Historical Bitcoin Volatility criteria varies by timeframe, the above levels are those applying on a Two Day TF Chart, select this custom timeframe in Trading View. if additional criteria are met for LONG & SHORT insider signals, they may become 'Super Longs/Shorts', see conditions box above.
Pine Script® indicator
by TheCryptoSniper
10
The Signal - Hunt Bitcoin CoT Buy/SellThe Signal - Hunt Bitcoin CoT Buy/Sell Why Bother with another CoT signal? Its different & focused on the Insider's. The Largest 4 Open Interest Seller and the Largest 4 open Interest Longs, plus the distance they are apart, the Delta, what does high percentage of Largest 4 sellers mean with a low 4 OI Buyers. , what when the usually higher Sellers are low and the largest 4 buyers almost the same value , Time to track the insiders Delta.. Performance - This Indicator provided a 1. Signal 1 = 26th March 2019 = SUPER LONG at $4,500 that saw a near $14,000 run up 2. Signal 2 = 18th & 24th June 2019 = SHORT at the second & final level $11,700 after repeated attempts & failure in the $13K range, the mini Echo Bitcoin Bull of 2019 3. Signal 3 = 17th December 2019 = LONG $6,900, Bitcoin rallied to Mid $10,500's 4. Signal 4 = 18th Feb 2020 = SUPER SHORT from $9,700's to a final extreme Low of $3,000, calling the CV-19 collapse 5. Signal 5 = 17th March 2020 = LONG from $5,400 no closure point yet 6. Signal 6 = 29th June 2020 = SUPER LONG reiterate from $10,700 no closure sell signal yet 7. Signal 7 = 17th May 2020 = LONG another accumulate LONG with no sell signal yet generated at Post H&S's low of $33,000 Note - This indicator only commences March 2019, as Bitcoin futures were a recent introduction and needed to settle for 6 months in both use and data, no signals were meaningful prior & data was light. What is Provided. - Please note the need to also add the Hunt Bitcoin Historical Volatility Indicator for full understanding. We provide 3 things with the 3 indicators. 'Insider' indications from Largest players in the futures market. 1. Bitcoin Macro Buy Signals. a) The Bitcoin Commitment of Traders results see us focus solely on Largest 4 Short Open Interest & Largest 4 Long Open Interest aspects of the CoT Release data. When the difference - is tight, a kind of pinch, these have been great Buy signals in Bitcoin. We call this difference the Delta & When Delta is 5% or less Bitcoin is a Buy. 2. Bitcoin Macro Sells. a) A sell signal is Triggered in Bitcoin at any point the Largest 4 short OI > or = to 70 3. AMPLIFIER Trade signals 'Super' Longs or Shorts - Extreme low volatility events leads to highly impulsive & volatile subsequent moves, if either of 1 or 2 above occur, combined with extreme low volatility a 'Super Long' or 'SUPER SELL' is generated. In the case of the short side, given Bitcoins general expansive and MACRO Bull trend since inception, we seek an additional component that is an extreme differential/Delta reading between 4 biggest Longs & Shorts OI. Namely CoT Delta also must be > 47.5% We also have a Cautionary level, where it is not necessarily a good idea to accumulate Bitcon, as a better opportunity lower may avail itself, see conditions below. So the required logic explicitly stated below for all Signals. 1. Long - Hunt Bitcoin CoT Delta < or = 5 2. SUPER Long - Hunt Bitcoin CoT Delta < or = 5; and 2 Day Historical Bitcoin Volatility = or < 20 3. Short - Largest 4 Sellers OI = or > 70 4. SUPER Short - Largest 4 Sellers OI = or > 70; AND.. Hunt Bitcoin CoT Delta = or > 47.5 AND 2 Day Historical BTC Volatility = or < 20 5. Caution - Largest 4 Sellers OI = or > 67.5 AND Hunt Bitcoin CoT Delta = or > 45 WARNING SEE Notes Below Note 1 - = Largest 4 Open Interest Shorts Note 2 - = Largest 4 Open Interest Longs Note 3 - = Hunt Cot Delta = (Largest 4 sellers OI) -( Largest 4 Buyers OI) Caution = Avoid new Bitcoin Accumulation Right Now, A sell signal might follow Enter on next Long Note 4 - The Hunt Bitcoin COT Delta signal is a Largest 'Insider' Tracking tool based on a segment of Commitment of Traders data on Bitcoin Futures, released once a week on a Friday. It is a Macro Timeframe signal , and should not be used for Day trading and Short Timeframe analysis , Entries may be optimised after a Hunt Bitcoin CoT Signal is generated by separate shorter Timeframe analysis. Note 5 - The Historical Bitcoin Volatility is an additional 'Amplifier' component to the 'Hunt Bitcoin Cot Delta' Insider Signal Note 6 - The Historical Bitcoin Volatility criteria varies by timeframe, the above levels are those applying on a Two Day TF Chart, select this custom timeframe in Trading View. if additional criteria are met for LONG & SHORT insider signals, they may become 'Super Longs/Shorts', see conditions box above.
Pine Script® indicator
by TheCryptoSniper
14
Hunt Bitcoin CoT Open Interest DeltaWhy Bother another CoT signal? Its different & focused on the Insider's. Performance - This Indicator provided a 1. Signal 1 = 26th March 2019 = SUPER LONG at $4,500 that saw a near $14,000 run up 2. Signal 2 = 18th & 24th June 2019 = SHORT at the second & final level $11,700 after repeated attempts & failure in the $13K range, the mini Echo Bitcoin Bull of 2019 3. Signal 3 = 17th December 2019 = LONG $6,900, Bitcoin rallied to Mid $10,500's 4. Signal 4 = 18th Feb 2020 = SUPER SHORT from $9,700's to a final extreme Low of $3,000, calling the CV-19 collapse 5. Signal 5 = 17th March 2020 = LONG from $5,400 no closure point yet 6. Signal 6 = 29th June 2020 = SUPER LONG reiterate from $10,700 no closure sell signal yet 7. Signal 7 = 17th May 2020 = LONG another accumulate LONG with no sell signal yet generated at Post H&S's low of $33,000 Note - This indicator only commences March 2019, as Bitcoin futures were a recent introduction and needed to settle for 6 months in both use and data, no signals were meaningful prior & data was light. What is Provided. - Please note the need to also add the Hunt Bitcoin Historical Volatility Indicator for full understanding. We provide 3 things with the 3 indicators. 'Insider' indications from Largest players in the futures market. 1. Bitcoin Macro Buy Signals. a) The Bitcoin Commitment of Traders results see us focus solely on Largest 4 Short Open Interest & Largest 4 Long Open Interest aspects of the CoT Release data. When the difference - is tight, a kind of pinch, these have been great Buy signals in Bitcoin. We call this difference the Delta & When Delta is 5% or less Bitcoin is a Buy. 2. Bitcoin Macro Sells. a) A sell signal is Triggered in Bitcoin at any point the Largest 4 short OI > or = to 70 3. AMPLIFIER Trade signals 'Super' Longs or Shorts - Extreme low volatility events leads to highly impulsive & volatile subsequent moves, if either of 1 or 2 above occur, combined with extreme low volatility a 'Super Long' or 'SUPER SELL' is generated. In the case of the short side, given Bitcoins general expansive and MACRO Bull trend since inception, we seek an additional component that is an extreme differential/Delta reading between 4 biggest Longs & Shorts OI. Namely CoT Delta also must be > 47.5% We also have a Cautionary level, where it is not necessarily a good idea to accumulate Bitcon, as a better opportunity lower may avail itself, see conditions below. So the required logic explicitly stated below for all Signals. 1. Long - Hunt Bitcoin CoT Delta < or = 5 2. SUPER Long - Hunt Bitcoin CoT Delta < or = 5; and 2 Day Historical Bitcoin Volatility = or < 20 3. Short - Largest 4 Sellers OI = or > 70 4. SUPER Short - Largest 4 Sellers OI = or > 70; AND.. Hunt Bitcoin CoT Delta = or > 47.5 AND 2 Day Historical BTC Volatility = or < 20 5. Caution - Largest 4 Sellers OI = or > 67.5 AND Hunt Bitcoin CoT Delta = or > 45 WARNING SEE Notes Below Note 1 - = Largest 4 Open Interest Shorts Note 2 - = Largest 4 Open Interest Longs Note 3 - = Hunt Cot Delta = (Largest 4 sellers OI) -( Largest 4 Buyers OI) Caution = Avoid new Bitcoin Accumulation Right Now, A sell signal might follow Enter on next Long Note 4 - The Hunt Bitcoin COT Delta signal is a Largest 'Insider' Tracking tool based on a segment of Commitment of Traders data on Bitcoin Futures, released once a week on a Friday. It is a Macro Timeframe signal , and should not be used for Day trading and Short Timeframe analysis , Entries may be optimised after a Hunt Bitcoin CoT Signal is generated by separate shorter Timeframe analysis. Note 5 - The Historical Bitcoin Volatility is an additional 'Amplifier' component to the 'Hunt Bitcoin Cot Delta' Insider Signal Note 6 - The Historical Bitcoin Volatility criteria varies by timeframe, the above levels are those applying on a Two Day TF Chart, select this custom timeframe in Trading View. if additional criteria are met for LONG & SHORT insider signals, they may become 'Super Longs/Shorts', see conditions box above.
Pine Script® indicator
by TheCryptoSniper
6
Order Flow AnalysisThe script plots the order flow clusters for the last six candles in the middle right. The cluster contains buy volume, sell volume and the price range of the volume. It calculates uptick volume as buy volume and down tick volume as sell volume and calculates the delta(shown in labels). Recent ATR is considered to determine each cell price range in the cluster. At the left side, the top volume ticks and the live ticks are displayed. Please note this works only during market trading hours. Do not refresh the browser tab and do not change the timeframe, which will cause ​a reset of numbers.
Pine Script® strategy
by algotradewiz
75
Tape [LucF]█  OVERVIEW This script prints an ersatz of a trading console's "tape" section to the right of your chart. It displays the time, price and volume​  of each update of the chart's feed. It also calculates volume​ delta for the bar. As it calculates from realtime information, it will not display information on historical bars. █  FEATURES Calculations Each new line in the tape displays the last price/volume​ update from the TradingView feed that's building your chart. These updates do not necessarily correspond to ticks from the originating broker/exchange's matching engine. Multiple broker/exchange ticks are often aggregated in one  chart update. The script first determines if price has moved up or down since the last update. The polarity of the price change, in turn, determines the polarity of the volume​​ for that specific update. If price does not move between consecutive updates, then the last known polarity is used. Using this method, we can calculate a running volume​ delta accumulation for the bar, which becomes the bar's final volume​ delta value when the bar closes (you can inspect values of elapsed realtime bars in the Data Window or the indicator's values). Note that these values will all reset if the script re-executes because of a change in inputs or a chart refresh. While this method of calculating volume​ delta is not perfect, it is currently the most precise way of calculating volume​ delta available on TradingView at the moment. Calculating more precise results would require scripts to have access to bid/ask levels from any chart timeframe. Charts at seconds timeframes do use exchange/broker ticks when the feeds you are using allow for it, and this indicator will run on them, but tick data is not yet available from higher timeframes, for now. Also note that the method used in this script is far superior to the intrabar inspection technique used on historical bars in my other "Delta Volume​" indicators. This is because volume​ delta here is calculated from many more realtime updates than the available intrabars in history. Inputs You can use the script's inputs to configure:  • The number of lines displayed in the tape.  • If new lines appear at the top or bottom.  • If you want to hide lines with low volume​.  • The precision of volume​ values.  • The size of the text and the colors used to highlight either the tape's text or background.  • The position where you want the tape on your chart.  • Conditions triggering three different markers. Display Deltas are shown at the bottom of the tape. They are reset on each bar. Time delta displays the time elapsed since the beginning of the bar, on intraday timeframes only. Contrary to the price change display by TradingView at the top left of charts, which is calculated from the close of the previous bar, the price delta in the tape is calculated from the bar's open, because that's the information used in the calculation of volume​ delta. The time will become orange when volume​ delta's polarity diverges from that of the bar. The volume  delta value represents the current, cumulative value for the bar. Its color reflects its polarity. When new realtime bars appear on the chart, a ↻ symbol will appear before the volume​ value in tape lines. Markers There are three types of markers you can choose to display:  • Marker 1 on volume​ bumps. A bump is defined as two consecutive and increasing/decreasing plus/minus delta volume​  values,   when no divergence between the polarity of delta volume​ and the bar occurs on the second bar.  • Marker 2 on volume​ delta for the bar exceeding a limit of your choice when there is no divergence between the polarity of delta volume​ and the bar. These trigger at the bar's close.  • Marker 3 on tape lines with volume​ exceeding a threshold. These trigger in realtime. Be sure to set a threshold high enough so that it doesn't generate too many alerts.   These markers will only display briefly under the bar, but another marker appears next to the relevant line in the tape. The marker conditions are used to trigger alerts configured on the script. Alert messages will mention the marker(s) that triggered the specific alert event, along with the relevant volume​ value that triggered the marker. If more than one marker triggers a single alert, they will overprint under the bar, which can make it difficult to distinguish them. For more detailed on-chart analysis of realtime volume​ delta, see my Delta Volume Realtime Action . █  NOTES FOR CODERS This script showcases two new Pine features:  • Tables, which allow Pine programmers to display tabular information in fixed locations of the chart. The tape uses this feature.   See the Pine User Manual's page on Tables for more information.  • varip -type variables which we can use to save values between realtime updates.   See the " Using `varip` variables " publication by PineCoders for more information.
Pine Script® indicator
by LucF
99
Average Directional Index + ΔDI± (Delta)Average Directional Index (ADX) and Difference between DI+ and DI- (ΔDI±), I call it Delta for short. The idea explained: ADX is a common indicator for analysing trend strength. Values over 25 usually indicate the symbol is in "trend mode", meaning there is a lot of momentum, upwards or downwards, - while values under 25 suggest it is in "range mode", the price moves sideways, lacking energy. Note that this indicator is not volume-based. I moved the graph (red) down 25 points; this version shows positive values in "trend mode" (>25), and negative values in "range mode" (<25). The line sits at 0. The underlying code for the ADX is basically identical to the official TradingView built-in version. Now the exciting part: DI+ and DI- are used to calculate the ADX. They are sometimes included in the ADX indicator chart, I included a version that shows them in the graphic, at the bottom. Traditionally, DI+ (green) crossing DI- (dark red) from below shows the beginning of an upward trend, and therefore a good LONG entry position. However, I noticed that this is usually not the case: this method responds very slowly to the actual price movement. At the point the indicator tells you to enter, the trend is usually already exhausted. I found a better way to use this data; instead of waiting for both graphs to cross, meaning the difference in their respective values is 0, we look for the greatest possible difference. That is what the purple graph of my indicator shows (ΔDI±). It utilizes the zero-line we already created for the ADX. High positive values declare that the DI+ is much greater than the DI-, and vice versa. Delta is the greek letter used in mathematics for difference, so that is what I call this indicator. How to use it: When you look at the graph, low Delta values seem to be good entry points for LONG positions, high Delta values good exits. This is similar to how RSI and CCI work, which is why included them in the chart above (). However, this is only reliable, when the ADX is above 25, or 0 in this version, indicating the symbol is in "trend mode". This is important . When you look at the examples in the chart, you can confirm that. The marked candles show good entry and exit points, with Delta being notably low/high (±25 seems to be a good threshold, the dashed lines sit at +30/-30), and the ADX above 0 (25). Now, you might have noticed that around mid-december the Delta actually registers the highest value for this symbol in the given time frame, indicating a strong SHORT after a steep climb. But, importantly , the ADX is not in "trend mode" as required for a clear signal, it is in "range mode": the price discovers this new level and takes a few days to get used to it. It does not fall. This shows why only the combination of both Delta and ADX gives desirable results. I noticed that this seems to work best for 1D and 1H candles; if you find any other time frames or scenarios, let me know! PLEASE NOTE THAT THIS IS BASED ON PERSONAL, EMPIRICAL OBSERVATIONS. PAST RESULTS DO NOT GUARANTEE SUCCESS IN THE FUTURE. DO NOT TAKE THIS AS INVESTMENT ADVICE! Thanks to TradingView and robertkowalski for providing the basis on which the code is built. Credit goes to the appropriate developers/owners. () Let me know if you make any other observations, or find other ways to use the data!
Pine Script® indicator
by henlin
3
[co.n.g] - Simple CVD over MAThis Single Volume Delta (SVD), respectively Cumulative Volume Delta (CVD) is a really simple script computing the difference of the volume of the actual in comparison the the volume of the "Calculation Bars Threshold", calculated by smoothing through a simple moving average - the "CVD MA Smoothing". Therefore, if the "Calculation Bars Threshold" and the "CVD MA Smoothing" are set to 1, the script will display the difference of the actual compared to the previous candle; furthermore, if the "Calculation Bars Threshold" is set to 3 and the "CVD MA Smoothing" is set to 14, then the indicator will display the the summed difference of the past 3 values, smoothed over a period of 14 candles. This indicator may also be set to a different time frame, allowing multi time frame analysis; f.e. if you're going to set a lower time frame than the actual, the deltas of the lower time frame will be displayed and will be showing the volume trend of the lower time frame; if you're going to set a higher time frame, this is respectively working as described. To understand volume and price action, it is - imho - especially helpful to display the volume of higher time frames to visualize the "Where the heck am I and what are the big players doing?" This indicator is coloring the histogram in green as positive, red as negative and gray as indecisive CVD. Hopefully, this will be helpful in your VSA and your trading decisions. Cheers, Constantine p.s.: I am also working on a far more sophisticated version of SVD/CVD, so stay tuned!
Pine Script® indicator
by constantine_trading
12
RSI+BB -=[ CryptDude ]=-RSI+BB RSI + Bollingerbands Credits First of all I'd like to credit my trading pal, Vitaly905 who is a fellow Whale Crew associate for discovering this approach via another FOREX YouTuber, and turned me onto the general strategy. I created my own style template of the combo with the transitional trend color changes. My scripting skill were a little rusty at the time, so spoke with another trading friend in Whale Crew, MartyMcFly, and he put the script together for it and I generally went through, changed some nomenclature and touched some of the code as well. My other Whale Crew partner, Sydnet helped configure the alerts. We're proud of it and hope you enjoy it. Just wanted to give credit to the collaborative effort. The Strategy The key to this strategy is to look for when the RSI gets very close or crosses above or below the Bollinger bands as indications of potential pivot ranges. You can also set Alerts for when the Bollinger Bands are crossed Things to be aware of (1) During the RSI peaks, be aware that most of them have a double hump or double tops on the RSI when they are close to or have breached the BB. Sot that means there's likely going to be an interval of time after the firs peak or dip before it finally pivots. This takes a little adjustment, but after a while you start to recognize the pattern. They almost look like an "M" on the tops and a "W" shape on the bottom; tilted in one direction or the other. (2) Also during those peaks or dips, the RSI may move some, but price can move quite a bit more. So it's up to you, the trader, to trust your own analysis, by checking other known confluent momentum indications as to WHEN you should execute your entry, accordingly. (3) There is a lot of consistency in this strategy after you spend more time getting intimate with it. (4) I may ad convergence indication to it later, but It may pollute the chart more than being useful, as I don't have issue finding convergence. (5) Set your own rules as to what constitutes an entry confirmation, which can be a confluence of other momentum indicators along with the RSI+BB. Below is an example of the strategy with the price action Happy trading!! Your trading pal, ~ CryptDude
Pine Script® indicator
by CryptDude
7
Delta Volume Moves Today I propose an indicator to measure volume trend and change in buying and selling pressure (Delta). This is a synthetic mechanism to derive delta volume and then formulate rest so its not like typical delta volume indicator either. So what is it exactly? Indicator first calculates the cumulative delta volume , then filters it through filters applied in the calculation to identify major volume changes/pressure change, it also keeps track of overall trend based on 20 SMA filter as basis and 2 stdv movement from it applied on cumulative delta volume . This is plotted on top side of the indicator with "-" and "_" plots. Color lime indicates bullish trend and color red indicates bearish trend . Delta filter is dependent on the factor input which is user defined, here by default it is 1.5, which will indicate overall significant change in pressure in volume in that particular direction, please note that higher the number lower the delta plots you will have to count it, and number below 1 would be useless as it would not be measuring "increase" in delta volume but decrease. So it is advised to keep it around 1.5 to be reasonably useful measure. This is plotted with "∆" character on the volume bars. How can we use this to our advantage? As you can see on chart, its able to identify possible reversal or tops/bottoms of the price action, while this is the primary use it is also worth noting that in comparison to the regular volume indicator which is dependent on the candle price close with respect to its open, this is much better visual representation of the sell or buy volume . When you apply delta filters and trend filters to an already easy to read volume indicator, it is making significant impact on indicators ability to identify major volume changes and trend changes with respect to cumulative delta volume . Authors note: Please note that this study is experimental and published for the educational purpose, if you decide to use it to monitor market it is advised that you put in some time to observe correlations between this and price action before you start trading it. Also, while on chart this is showing impressive tendency to identify tops and bottoms, its a very limited view. Please keep in mind to check this across different scripts which have good qty of volume . Author takes no responsibility of your loss or profit from this. Past performance is no assurance of future performance. Regards.
Pine Script® indicator
by Pratik_4Clover
23
Delta Volume Weighted - IntradayResets at the start of the day's session (9:50 am on the ASX). Takes the first candle and checks if its a green candle (close > open), and adds the volume to a total (which starts at 0 at the start of the day). Subtracts it if the candles in red. Continues to do this along with all the candles. The volume is also multiplied by the difference between open and close so that large candles with large volume have more weight and move the indicator more.
Pine Script® indicator
by Bartjs
[A618] Liquidity Tracker and Iceberg Detector V2 ProIntroduction We all know markets and market makers work over liquidity concepts, Liquidity is what makes market cyclic and drives it! The aim of this experimental Indicator is to identify the liquidation points and levels where the big players are actually playing. When you’re trading financial markets, liquidity needs to be considered before every position is opened or closed. This is because a lack and increase of liquidity is often associated with increased risk. You need to be able to put probabilities in your favour, understanding liquidity levels in the market is always a good to know thing for one to judge / estimate whether the market is behaving according to the analysis or not. How Can you Get this Indicator Just send me up a private message, (Please use comment box only for constructive comments, and community improvement) What are icebergs If you see the DOM data, you will see lots of orders on both side (buyers/sellers), Its just the tip of the iceberg that we are able to see in the order flow, the aim of the iceberg detection concept over here is to estimate when a large order is executed and in what direction. What is the Use of Trendlines Trendlines basic configuration is 50 back pivot levels, you can also configure it to 20, 10 depending on how fast you wanna track things Use trendlines to detect the icebergs happening above and below it conjure it with your study. Provision for Alerts You can configure alerts over iceberg detection Which market it will work and on what timeframes This indicator will work for any liquid market, Stocks, forex, Bitcoins etc Since the order flow dynamics remains pretty much the same everywhere, For efficient utilisation, use these timeframes 15s, 30s, 1 min, 3 min, 5 min, 15 min, 30 min, 1Hr
Pine Script® indicator
by Ankit_1618
90
Delta Volume Columns Pro [LucF]█  OVERVIEW This indicator displays volume​​ delta information calculated with intrabar inspection on historical bars, and feed updates when running in realtime. It is designed to run in a pane and can display either stacked buy/sell volume​ columns or a signal line which can be calculated and displayed in many different ways. Five different models are offered to reveal different characteristics of the calculated volume​ delta information. Many options are offered to visualize the calculations, giving you much leeway in morphing the indicator's visuals to suit your needs. If you value delta volume​ information, I hope you will find the time required to master Delta Volume​ Columns Pro well worth the investment. I am confident that if you combine a proper understanding of the indicator's information with an intimate knowledge of the volume​ idiosyncrasies on the markets you trade, you can extract useful market intelligence using this tool. █  WARNINGS 1. The indicator only works on markets where volume​ information is available,   Please validate that your symbol's feed carries volume​ information before asking me why the indicator doesn't plot values. 2. When you refresh your chart or re-execute the script on the chart, the indicator will repaint because elapsed realtime bars will then recalculate as historical bars. 3. Because the indicator uses different modes of calculation on historical and realtime bars, it's critical that you understand the differences between them. Details are provided further down. 4. Calculations using intrabar inspection on historical bars can only be done from some chart timeframes. See further down for a list of supported timeframes.   If the chart's timeframe is not supported, no historical volume​ delta will display. █  CONCEPTS Chart bars Three different types of bars are used in charts:  1. Historical bars are bars that have already closed when the script executes on them.  2. The realtime bar is the current, incomplete bar where a script is running on an open market. There is only one active realtime bar on your chart at any given time.    The realtime bar is where alerts trigger.  3. Elapsed realtime bars are bars that were calculated when they were realtime bars but have since closed.    When a script re-executes on a chart because the browser tab is refreshed or some of its inputs are changed, elapsed realtime bars are recalculated as historical bars. Why does this indicator use two modes of calculation? Historical bars on TradingView charts contain OHLCV data only, which is insufficient to calculate volume​ delta on them with any level of precision. To mine more detailed information from those bars we look at intrabars , i.e., bars from a smaller timeframe (we call it the intrabar timeframe ) that are contained in one chart bar. If your chart Is running at 1D on a 24x7 market for example, most 1D chart bars will contain 24 underlying 1H bars in their dilation. On historical bars, this indicator looks at those intrabars to amass volume​ delta information. If the intrabar is up, its volume​ goes in the Buy bin, and inversely for the Sell bin. When price does not move on an intrabar, the polarity of the last known movement is used to determine in which bin its volume​ goes. In realtime, we have access to price and volume​ change for each update of the chart. Because a 1D chart bar can be updated tens of thousands of times during the day, volume​ delta calculations on those updates is much more precise. This precision, however, comes at a price:  — The script must be running on the chart for it to keep calculating in realtime.  — If you refresh your chart you will lose all accumulated realtime calculations on elapsed realtime bars, and the realtime bar.   Elapsed realtime bars will recalculate as historical bars, i.e., using intrabar inspection, and the realtime bar's calculations will reset.   When the script recalculates elapsed realtime bars as historical bars, the values on those bars will change, which means the script repaints in those conditions.  — When the indicator first calculates on a chart containing an incomplete realtime bar, it will count ALL the existing volume​ on the bar as Buy or Sell volume​,   depending on the polarity of the bar at that point. This will skew calculations for that first bar. Scripts have no access to the history of a realtime bar's previous updates,   and intrabar inspection cannot be used on realtime bars, so this is the only to go about this.  — Even if alerts only trigger upon confirmation of their conditions after the realtime bar closes, they are repainting alerts   because they would perhaps not have calculated the same way using intrabar inspection.  — On markets like stocks that often have different EOD​ and intraday feeds and volume​ information,   the volume's scale may not be the same for the realtime bar if your chart is at 1D, for example,   and the indicator is using an intraday timeframe to calculate on historical bars.  — Any chart timeframe can be used in realtime mode, but plots that include moving averages in their calculations may require many elapsed realtime bars before they can calculate.   You might prefer drastically reducing the periods of the moving averages, or using the volume​ columns mode, which displays instant values, instead of the line. Volume Delta Balances This indicator uses a variety of methods to evaluate five volume​ delta balances and derive other values from those balances. The five balances are: 1 — On Bar Balance : This is the only balance using instant values; it is simply the subtraction of the Sell volume​ from the Buy volume​ on the bar. 2 — Average Balance : Calculates a distinct EMA for both the Buy and Sell volumes, and subtracts the Sell EMA from the Buy EMA. 3 — Momentum Balance : Starts by calculating, separately for both Buy and Sell volumes, the difference between the same EMAs used in "Average Balance" and   an SMA of double the period used for the "Average Balance" EMAs. The difference for the Sell side is subtracted from the difference for the Buy side,   and an RSI of that value is calculated and brought over the −50/+50 scale. 4 — Relative Balance : The reference values used in the calculation are the Buy and Sell EMAs used in the "Average Balance".   From those, we calculate two intermediate values using how much the instant Buy and Sell volumes on the bar exceed their respective EMA — but with a twist.   If the bar's Buy volume​ does not exceed the EMA of Buy volume​, a zero value is used. The same goes for the Sell volume​ with the EMA of Sell volume​.   Once we have our two intermediate values for the Buy and Sell volumes exceeding their respective MA, we subtract them. The final "Relative Balance" value is an ALMA of that subtraction.   The rationale behind using zero values when the bar's Buy/Sell volume​ does not exceed its EMA is to only take into account the more significant volume​.   If both instant volume​ values exceed their MA, then the difference between the two is the signal's value.   The signal is called "relative" because the intermediate values are the difference between the instant Buy/Sell volumes and their respective MA.   This balance flatlines when the bar's Buy/Sell volumes do not exceed their EMAs, which makes it useful to spot areas where trader interest dwindles, such as consolidations.   The smaller the period of the final value's ALMA, the more easily you will see the balance flatline. These flat zones should be considered no-trade zones. 5 — Percent Balance : This balance is the ALMA of the ratio of the "On Bar Balance" value, i.e., the volume​ delta balance on the bar (which can be positive or negative),   over the total volume for that bar. From the balances and marker conditions, two more values are calculated: 1 — Marker Bias : It sums the up/down (+1/‒1) occurrences of the markers 1 to 4 over a period you define, so it ranges from −4 to +4, times the period.   Its calculation will depend on the modes used to calculate markers 3 and 4. 2 — Combined Balances : This is the sum of the bull/bear (+1/−1) states of each of the five balances, so it ranges from −5 to +5. █  FEATURES The indicator has two main modes of operation: Columns and Line . Columns • In Columns mode you can display stacked Buy/Sell volume​ columns. • The buy section always appears above the centerline, the sell section below. • The top and bottom sections can be colored independently using eight different methods. • The EMAs of the Buy/Sell values can be displayed (these are the same EMAs used to calculate the "Average Balance"). Line • Displays one of seven signals: the five balances or one of two complementary values, i.e., the "Marker Bias" or the "Combined Balances". • You can color the line and its fill using independent calculation modes to pack more information in the display.  You can thus appraise the state of 3 different values using the line itself, its color and the color of its fill. • A "Divergence Levels" feature will use the line to automatically draw expanding levels on divergence events. Default settings Using the indicator's default settings, this is the information displayed: • The line is calculated on the "Average Balance". • The line's color is determined by the bull/bear state of the "Percent Balance". • The line's fill gradient is determined by the advances/declines of the "Momentum Balance". • The orange divergence dots are calculated using discrepancies between the polarity of the "On Bar Balance" and the chart's bar. • The divergence levels are determined using the line's level when a divergence occurs. • The background's fill gradient is calculated on advances/declines of the "Marker Bias". • The chart bars are colored using advances/declines of the "Relative Balance". Divergences are shown in orange. • The intrabar timeframe is automatically determined from the chart's timeframe so that a minimum of 50 intrabars are used to calculate volume​ delta on historical bars. Alerts The configuration of the marker conditions explained further is what determines the conditions that will trigger alerts created from this script. Note that simply selecting the display of markers does not create alerts. To create an alert on this script, you must use ALT-A from the chart. You can create multiple alerts triggering on different conditions from this same script; simply configure the markers so they define the trigger conditions for each alert before creating the alert. The configuration of the script's inputs is saved with the alert, so from then on you can change them without affecting the alert. Alert messages will mention the marker(s) that triggered the specific alert event. Keep in mind, when creating alerts on small chart timeframes, that discrepancies between alert triggers and markers displayed on your chart are to be expected. This is because the alert and your chart are running two distinct instances of the indicator on different servers and different feeds. Also keep in mind that while alerts only trigger on confirmed conditions, they are calculated using realtime calculation mode, which entails that if you refresh your chart and elapsed realtime bars recalculate as historical bars using intrabar inspection, markers will not appear in the same places they appeared in realtime. So it's important to understand that even though the alert conditions are confirmed when they trigger, these alerts will repaint. Let's go through the sections of the script's inputs. Columns The size of the Buy/Sell columns always represents their respective importance on the bar, but the coloring mode for tops and bottoms is independent. The default setup uses a standard coloring mode where the Buy/Sell columns are always in the bull/bear color with a higher intensity for the winning side. Seven other coloring modes allow you to pack more information in the columns. When choosing to color the top columns using a bull/bear gradient on "Average Balance", for example, you will have bull/bear colored tops. In order for the color of the bottom columns to continue to show the instant bar balance, you can then choose the "On Bar Balance — Dual Solid Colors" coloring mode to make those bars the color of the winning side for that bar. You can display the averages of the Buy and Sell columns. If you do, its coloring is controlled through the "Line" and "Line fill" sections below. Line and Line fill You can select the calculation mode and the thickness of the line, and independent calculations to determine the line's color and fill. Zero Line The zero line can display dots when all five balances are bull/bear. Divergences You first select the detection mode. Divergences occur whenever the up/down direction of the signal does not match the up/down polarity of the bar. Divergences are used in three components of the indicator's visuals: the orange dot, colored chart bars, and to calculate the divergence levels on the line. The divergence levels are dynamic levels that automatically build from the line's values on divergence events. On consecutive divergences, the levels will expand, creating a channel. This implementation of the divergence levels corresponds to my view that divergences indicate anomalies, hesitations, points of uncertainty if you will. It precludes any attempt to identify a directional bias to divergences. Accordingly, the levels merely take note of divergence events and mark those points in time with levels. Traders then have a reference point from which they can evaluate further movement. The bull/bear/neutral colors used to plot the levels are also congruent with this view in that they are determined by the line's position relative to the levels, which is how I think divergences can be put to the most effective use. One of the coloring modes for the line's fill uses advances/declines in the line after divergence events. Background The background can show a bull/bear gradient on six different calculations. As with other gradients, you can adjust its brightness to make its importance proportional to how you use it in your analysis. Chart bars Chart bars can be colored using seven different methods. You have the option of emptying the body of bars where volume​ does not increase, as does my TLD indicator, and you can choose whether you want to show divergences. Intrabar Timeframe This is the intrabar timeframe that will be used to calculate volume​ delta using intrabar inspection on historical bars. You can choose between four modes. The three "Auto-steps" modes calculate, from the chart's timeframe, the intrabar timeframe where the said number of intrabars will make up the dilation of chart bars. Adjustments are made for non-24x7 markets. "Fixed" mode allows you to select the intrabar timeframe you want. Checking the "Show TF" box will display in the lower-right corner the intrabar timeframe used at any given moment. The proper selection of the intrabar timeframe is important. It must achieve maximal granularity to produce precise results while not unduly slowing down calculations, or worse, causing runtime errors. Note that historical depth will vary with the intrabar timeframe. The smaller the timeframe, the shallower historical plots you will be. Markers Markers appear when the required condition has been confirmed on a closed bar. The configuration of the markers when you create an alert is what determines when the alert will trigger. Five markers are available: • Balances Agreement : All five balances are either bullish​ or bearish​. • Double Bumps : A double bump is two consecutive up/down bars with +/‒ volume​​ delta, and rising Buy/Sell volume​ above its average. • Divergence confirmations : A divergence is confirmed up/down when the chosen balance is up/down on the previous bar when that bar was down/up, and this bar is up/down. • Balance Shifts : These are bull/bear transitions of the selected signal. • Marker Bias Shifts : Marker bias shifts occur when it crosses into bull/bear territory. Periods Allows control over the periods of the different moving averages used to calculate the balances. Volume​ Discrepancies Stock exchanges do not report the same volume​ for intraday and daily (or higher) resolutions. Other variations in how volume​ information is reported can also occur in other markets, namely Forex, where volume​ irregularities can even occur between different intraday timeframes. This will cause discrepancies between the total volume​ on the bar at the chart's timeframe, and the total volume​​ calculated by adding the volume​​ of the intrabars in that bar's dilation. This does not necessarily invalidate the volume​​ delta information calculated from intrabars, but it tells us that we are using partial volume​ data. A mechanism to detect chart vs intrabar timeframe volume​​ discrepancies is provided. It allows you to define a threshold percentage above which the background will indicate a difference has been detected. Other Settings You can control here the display of the gray dot reminder on realtime bars, and the display of error messages if you are using a chart timeframe that is not greater than the fixed intrabar timeframe, when you use that mode. Disabling the message can be useful if you only use realtime mode at chart timeframes that do not support intrabar inspection. █  RAMBLINGS On Volume​ Delta Volume​ is arguably the best complement to interpret price action, and I consider volume​ delta to be the most effective way of processing volume​ information. In periods of low-volatility price consolidations, volume​ will typically also be lower than normal, but slight imbalances in the trend of the buy/sell volume​ balance can sometimes help put early odds on the direction of the break from consolidation. Additionally, the progression of the volume​ imbalance can help determine the proximity of the breakout. I also find volume​ delta and the number of divergences very useful to evaluate the strength of trends. In trends, I am looking for "slow and steady", i.e., relatively low volatility​ and pauses where price action doesn't look like world affairs are being reassessed. In my personal mythology, this type of trend is often more resilient than high-volatility breakouts, especially when volume​ balance confirms the general agreement of traders signaled by the low-volatility usually accompanying this type of trend. The volume​ action on pauses will often help me decide between aggressively taking profits, tightening a stop or going for a longer-term movement. As for reversals, they generally occur in high-volatility areas where entering trades is more expensive and riskier. While the identification of counter-trend reversals fascinates many traders to no end, they represent poor opportunities in my view. Volume​ imbalances often precede reversals, but I prefer to use volume​ delta information to identify the areas following reversals where I can confirm them and make relatively low-cost entries with better odds. On "Buy/Sell" Volume Buying or selling volume​ are misnomers, as every unit of volume​ transacted is both bought and sold by two different traders. While this does not keep me from using the terms, there is no such thing as “buy only” or “sell only” volume​. Trader lingo is riddled with peculiarities. Divergences The divergence detection method used here relies on a difference between the direction of a signal and the polarity (up/down) of a chart bar. When using the default "On Bar Balance" to detect divergences, however, only the bar's volume​ delta is used. You may wonder how there can be divergences between buying/selling volume​ information and price movement on one bar. This will sometimes be due to the calculation's shortcomings, but divergences may also occur in instances where because of order book structure, it takes less volume​ to increase the price of an asset than it takes to decrease it. As usual, divergences are points of interest because they reveal imbalances, which may or may not become turning points. To your pattern-hungry brain, the divergences displayed by this indicator will — as they do on other indicators — appear to often indicate turnarounds. My opinion is that reality is generally quite sobering and I have no reliable information that would tend to prove otherwise. Exercise caution when using them. Consequently, I do not share the overwhelming enthusiasm of traders in identifying bullish​/bearish​ divergences. For me, the best course of action when a divergence occurs is to wait and see what happens from there. That is the rationale underlying how my divergence levels work; they take note of a signal's level when a divergence occurs, and it's the signal's behavior from that point on that determines if the post-divergence action is bullish​/bearish​. Superfluity In "The Bed of Procrustes", Nassim Nicholas Taleb writes: To bankrupt a fool, give him information . This indicator can display lots of information. While learning to use a new indicator inevitably requires an adaptation period where we put it through its paces and try out all its options, once you have become used to it and decide to adopt it, rigorously eliminate the components you don't use and configure the remaining ones so their visual prominence reflects their relative importance in your analysis. I tried to provide flexible options for traders to control this indicator's visuals for that exact reason — not for window dressing. █  LIMITATIONS • This script uses a special characteristic of the `security()` function allowing the inspection of intrabars — which is not officially supported by TradingView.  It has the advantage of permitting a more robust calculation of volume​ delta than other methods on historical bars, but also has its limits. • Intrabar inspection only works on some chart timeframes: 3, 5, 10, 15 and 30 minutes, 1, 2, 3, 4, 6, and 12 hours, 1 day, 1 week and 1 month.  The script’s code can be modified to run on other resolutions. • When the difference between the chart’s timeframe and the intrabar timeframe is too great, runtime errors will occur. The Auto-Steps selection mechanisms should avoid this. • All volume​ is not created equally. Its source, components, quality and reliability will vary considerably with sectors and instruments.  The higher the quality, the more reliably volume​ delta information can be used to guide your decisions.  You should make it your responsibility to understand the volume​ information provided in the data feeds you use. It will help you make the most of volume​ delta. █  NOTES For traders • The Data Window shows key values for the indicator. • While this indicator displays some of the same information calculated in my Delta Volume Columns ,  I have elected to make it a separate publication so that traders continue to have a simpler alternative available to them. Both code bases will continue to evolve separately. • All gradients used in this indicator determine their brightness intensities using advances/declines in the signal—not their relative position in a pre-determined scale. • Volume​ delta being relative, by nature, it is particularly well-suited to Forex markets, as it filters out quite elegantly the cyclical volume​ data characterizing the sector. If you are interested in volume​ delta, consider having a look at my other "Delta Volume" indicators: • Delta Volume Realtime Action displays realtime volume​ delta and tick information on the chart. • Delta Volume Candles builds volume​​ delta candles on the chart. • Delta Volume Columns is a simpler version of this indicator. For coders • I use the `f_c_gradientRelativePro()` from the PineCoders Color Gradient Framework to build my gradients.  This function has the advantage of allowing begin/end colors for both the bull and bear colors. It also allows us to define the number of steps allowed for each gradient.  I use this to modulate the gradients so they perform optimally on the combination of the signal used to calculate advances/declines,  but also the nature of the visual component the gradient applies to. I use fewer steps for choppy signals and when the gradient is used on discrete visual components  such as volume​ columns or chart bars. • I use the PineCoders Coding Conventions for Pine to write my scripts. • I used functions modified from the PineCoders MTF Selection Framework for the selection of timeframes. █  THANKS TO: — The devs from TradingView's Pine and other teams, and the PineCoders who collaborate with them. They are doing amazing work,  and much of what this indicator does could not be done without their recent improvements to Pine. — A guy called Kuan who commented on a Backtest Rookies presentation of their Volume Profile indicator using a `for` loop.  This indicator started from the intrabar inspection technique illustrated in Kuan's snippet. — theheirophant , my partner in the exploration of the sometimes weird abysses of `security()`’s behavior at intrabar timeframes. — midtownsk8rguy , my brilliant companion in mining the depths of Pine graphics.
Pine Script® indicator
by LucF
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