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Volumecluster

VOL & AVG OverlayCustom Session Volume Versus Average Volume Description: This indicator will create an overlay on your chart that will show you the following information: Custom Session Volume Average For Selected Session Percentage Comparison Options: Set Custom Time Frame For Calculations Set Custom Time Frame For Average Comparison Set Custom Time Zone Enable / Disable Each Value Change Text Color Change Background Color Change Table location Example: Set indicator to 30 period average. Set custom time frame to 9:30am to 10:30am Eastern/New York. When the time frame for the calculation is closed , the indicator will provide a comparison of the current days volume compared to the average of 30 previous days for that same time frame and display it as a percentage in the table. In this example you could compare how the first hour of the trading day compares to the previous 30 day's average, aiding in evaluating the potential volume for the remainder of the day. Notes: Times must be entered in 24 hour format. (1pm = 13:00 etc.) This indicator is for Intra-day time frames, not > Day. If you prefer data in this format as opposed to a plotted line, check out my other indicator: ADR & ATR Overlay
Pine Script® indicator
by abbadon9
Dynamic Volume Clusters with Retest Signals (Zeiierman)█ Overview The Dynamic Volume Clusters with Retest Signals indicator is designed to detect key Volume Clusters and provide Retest Signals. This tool is specifically engineered for traders looking to capitalize on volume-based trends, reversals, and key price retest points. The indicator seamlessly combines volume analysis, dynamic cluster calculations, and retest signal logic to present a comprehensive trading framework. It adapts to market conditions, identifying clusters of volume activity and signaling when the price retests critical zones. █ How It Works ⚪ Volume Cluster Detection The indicator dynamically calculates volume clusters by analyzing the highest and lowest price points within a specified lookback period. Cluster Logic: Bright Lines (Strong Red/Green): These indicate that the price has frequently revisited these levels, creating a dense cluster. Such areas serve as support or resistance, where significant historical trading has occurred, often acting as barriers to price movement. Traders should consider these levels as potential reversal zones or consolidation points. Faded or Darker Lines: These lines indicate areas where the price has less historical activity, suggesting weaker clustering. These zones have less market memory and are more likely to break, supporting trend continuation and rapid price movement. ⚪ Candle Color Logic (Market Memory) Blue Candles (High Cluster Density): Candles turn blue when the price has revisited a particular area many times. This signals a highly clustered zone, likely to act as a barrier, creating consolidation or range phases. These areas indicate strong market memory, potentially rejecting price attempts to break through. Green or Red Candles (Low Cluster Density): Once the price breaks out of these dense clusters, the candles turn green (bullish) or red (bearish). This suggests the price has moved into a less clustered territory, where the path forward is clearer and trends are likely to extend without immediate resistance. ⚪ Retest Signal Logic The indicator identifies critical retest points where the price crosses a cluster boundary and then reverses. These points are essential for traders looking to catch continuation or reversal setups. ⚪ Dynamic Price Clustering The indicator dynamically adapts the clustering logic based on price movement and volume shifts. Uses a dynamic moving average (VPMA) to maintain adaptive cluster levels. Integrates a Kalman Filter for smoothing, reducing noise, and improving trend clarity. Automatically updates as new data is received, keeping the clusters relevant in real-time. █ How to Use ⚪ Trend Following & Reversal Detection Use Retest signals to identify potential trend continuation or reversal points. ⚪ Trading Volume Clusters and Market Memory Identify Key Zones: Focus on bright, saturated cluster lines (strong red or green) as they indicate high market memory, where price has spent significant time in the past. These zones are likely to exhibit a more choppy market. Apply range or mean reversion strategies. Spot Potential Breakouts: Faded or darker cluster lines indicate areas of low market memory, where the price has moved quickly and spent less time. Use these areas to identify possible trend setups, as they represent lower resistance to price movement. ⚪ Interpreting Candle Colors for Market Phases Blue Candles (High Cluster Density): When candles turn blue, it signals that the price has revisited this area multiple times, creating a dense cluster. These zones often trap price movement, leading to consolidations or range phases. Use these areas as caution zones, where price can slow down or reverse. Green or Red Candles (Low Cluster Density): Once the price breaks out of these clustered zones, the candles turn green (bullish) or red (bearish), indicating lower market memory. This signals a trend initiation with less immediate resistance, ideal for momentum and breakout trades. Use these signals to identify emerging trends and ride the momentum. █ Settings Range Lookback Period: Sets the number of bars for calculating the range. Zone Width (% of Range): Determines how wide the volume clusters are relative to the calculated range. Volume Line Colors: Customize the appearance of bullish and bearish lines. Retest Signals: Toggle the appearance of Triangle Up/Down retest markers. Minimum Bars for Retest: Define the minimum number of bars required before a retest is valid. Maximum Bars for Retest: Set the maximum number of bars within which a retest can occur. Price Cluster Period: Adjusts the sensitivity of the dynamic clustering logic. Cluster Confirmation: Controls how tightly the clusters respond to price action. Price Cluster Start/Peak: Sets the minimum and maximum touches required to fully form a cluster. ----------------- Disclaimer The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Pine Script® indicator
by Zeiierman
7
Volume Cluster Support & ResistanceVolume Cluster Support & Resistance This indicator identifies potential Support and Resistance (S/R) levels on the chart using Volume-Based Point of Control (POC) Clustering. It offers extensive customization for calculation parameters, display styles, and visualization options, including S/R zones, color gradients, and historical reaction markers. How It Works Volume Based S/R: Scans the specified Clustering Lookback period for "High Volume Bars", defined as bars where volume exceeds the average volume (over Volume Lookback Period) multiplied by the High Volume Threshold Multiplier. Calculates the Point of Control (POC) for each high-volume bar using hl2. Clusters these high-volume bar POCs: POCs within a proximity defined by Cluster Proximity (ATR) (Average True Range multiplier) are grouped together. Filters these clusters, requiring a Min Bars in Cluster to form a valid S/R zone. (Image showing the indicator being used on the Bitcoin 5min chart) The center price of valid clusters determines the S/R level. Clusters above the current price become potential Resistance, and those below become potential Support. Calculates the offset based on the most recent bar included in the cluster. Level Selection & Display: The indicator identifies multiple potential S/R levels. It then selects and displays the top Number of S/R Levels to Display support levels below the current price and resistance levels above the current price. (Image showing the indicator on the GBP/USD 5min chart) ATR Usage: The Average True Range (ta.atr(14)) is used in two key areas: Determining the proximity threshold for grouping POCs in the 'Volume Based' clustering (clusterProximityAtr). Calculating the width of the S/R zones when 'Use Zone Visualization' is enabled (zoneAtrMultiplier). Key Features & Components Dual Calculation Methods: Choose between Pivot-based S/R or Volume-based POC clustering. Volume Confirmation: Pivots require volume confirmation; Volume method directly analyzes high-volume bars. POC Clustering: Groups high-volume areas to identify significant price zones. Configurable Lookbacks: Adjust periods for volume averaging, pivot detection, and clustering analysis. Dynamic S/R Display: Shows a configurable number of the most relevant S/R levels relative to the current price. Optional Zone Visualization: Display levels as filled zones with configurable width (ATR-based), fill transparency, and border transparency. Includes a dashed center line. Optional Historical Reactions: Mark past price interactions (lows bouncing off support zones, highs rejecting from resistance zones) directly on the chart (Warning: Can significantly impact performance). Customizable Styling: Control line style (Solid, Dashed, Dotted), width, color (separate for Support & Resistance), and horizontal extension (None, Left, Right, Both). Price Labels: Toggle visibility of price labels next to each S/R level/zone. Visual Elements Explained S/R Lines/Zones: Plotted lines or filled zones representing calculated support and resistance levels. Color-coded for Support (default green) and Resistance (default magenta). Line/Zone Borders: Appearance controlled by Style settings (Style, Width, Extension). Can have a gradient color effect based on age if enabled. Zone Fills: Semi-transparent fills for zones (if enabled), with configurable transparency. Fill color matches the border color (including gradient effect if enabled). Zone Center Line: A thin, dashed line indicating the exact calculated S/R price within a zone. Price Labels: Text labels showing the exact price of the S/R level. Historical Reactions: Small dot markers appearing on historical bars where price potentially reacted to a displayed zone (only if Show Historical Reactions is enabled). Configuration Options Users can adjust the following parameters in the indicator settings: Calculation Method: Select "Pivot Based" or "Volume Based". Volume Zone Settings (Volume Based): Threshold multiplier, clustering lookback, cluster proximity (ATR), minimum bars per cluster. Display Options: Toggle S/R visibility, price tags, set the number of levels to show. Volume Settings: Volume lookback period, volume multiplier (for Pivot confirmation). Style Settings: Line style, width, extension, support/resistance text and line colors, enable gradient coloring, set gradient start/end colors. Zone Visualization: Enable/disable zones, set zone width (ATR multiplier), fill and border transparency, enable/disable historical reaction markers (performance warning). Interpretation Notes This indicator identifies potential areas of support and resistance based on historical price action and volume analysis. These levels are not guaranteed reversal points. The 'Volume Based' method focuses on areas where significant trading activity occurred, while the 'Pivot Based' method focuses on price turning points confirmed by volume. Use the displayed levels in conjunction with other technical analysis tools, price action patterns, and risk management strategies. Be mindful of the performance impact when enabling Show Historical Reactions, especially on longer timeframes or with large lookback periods. The default setting is false for optimal performance. The max_bars_back setting is optimized for performance; increasing it significantly may slow down chart loading. Risk Disclaimer Trading involves significant risk. This indicator is provided for analytical and educational purposes only and does not constitute financial advice or a trading recommendation. Past performance is not indicative of future results. Always use sound risk management practices and never trade with capital you cannot afford to lose.
Pine Script® indicator
by sizzlinsoft
1
[AlbaTherium] Volume Venturius Premium Volume Venturius Premium Introduction The Volume Venturius Premium is an advanced market analysis tool designed to deeply investigate the behavior of active market participants. By focusing exclusively on executed market orders, Volume Venturius offers traders a unique perspective on buy and sell volumes. Unlike traditional order books that track passive orders, this indicator isolates active orders, shedding light on real market dynamics. Chapter 1: Understanding Market Participants 1.1 Categories of Market Participants Market participants can be classified into several categories based on their: Size : The volume of trades executed. Influence : Their ability to initiate bull or bear campaigns. Strategy : The trading methods employed, such as scalping, swing trading, or high-frequency trading. Objectives : Whether their focus is on speculation, hedging, or arbitrage. Time Horizon : Short-term versus long-term goals. Behavioral Patterns : Their reaction to liquidity levels or price movements. 1.2 Objectives of Market Participants Each category pursues specific objectives, such as profit-making or risk management. Regulatory reports like the Commitment of Traders (COT) provide weekly insights into the positions and intentions of major players. Chapter 2: The Philosophy of Volume Analysis 2.1 Active Orders vs. Passive Orders Unlike passive orders waiting to be filled at specific prices, active orders directly impact market prices. By focusing on these executed orders, Volume Venturius Premium provides traders with actionable insights into market trends and momentum. 2.2 Wyckoff’s Market Dynamics According to Wyckoff, markets operate in two primary phases: Manipulation: Where large participants accumulate or distribute positions to prepare for a move. Expansion: The phase where price trends begin to unfold, either in a bullish or bearish direction. Wyckoff’s theory emphasizes understanding how major players manipulate the market to identify accumulation or distribution zones. Volume Venturius Premium aids in pinpointing these manipulative actions by analyzing volume and order flow data. Chapter 3: The Secrets of Order Flow and Volume 3.1 Unveiling Market Control By studying the positioning and execution volumes of large players, traders can discern who holds control in the market. Volume Venturius Premium identifies the balance of power and tracks shifts that signal potential trend reversals. 3.2 Behavioral Patterns in Volume Key metrics tracked by Volume Venturius Premium include: Volume Clusters : Areas of concentrated buying or selling activity. Directional Bias : Whether market participants are net buyers or sellers. Momentum Shifts : Changes in execution speed and volume that may precede major moves. 3.2.1 Volume Clusters, Directional Bias and Directional Bias: Areas of Concentrated Buying or Selling Activity Volume clusters play a crucial role in understanding market dynamics by highlighting areas where aggressive buying or selling activity is most concentrated. These clusters often serve as key decision zones, providing insights into potential reversals, breakouts, or continuations. To better visualize and interpret these zones, a distinct color-coding system has been implemented. Each color represents a specific market condition or level of activity, allowing for a more intuitive analysis of volume behavior and its influence on price movement. Below is a detailed explanation of the color logic used to represent these clusters and their significance within the trading framework. Color Interpretation and Meaning : Extra Extreme Zones These zones highlight areas where clusters of aggressive buyers or sellers are most heavily concentrated. They represent critical levels for identifying potential reversals or strong continuations. Bright Red (#ff003c) : Represents extra-extreme sell zones, where aggressive sellers dominate. Meaning: Indicates extreme selling pressure, often signaling potential exhaustion of sellers. Bright Blue (#001eff) : Represents extra-extreme buy zones, where aggressive buyers are most active. Meaning: Shows extreme buying pressure, possibly marking a saturation point for buyers. Main Zones These zones help identify key levels based on volume activity and well-defined clusters. Dark Red (#d60033) : Represents strong selling pressure. Orange (#ff8000) : Indicates significant selling pressure that begins to fade. Yellow (#ffff00) : Represents moderate selling pressure, signaling a potential slowdown. White (#ffffff) : Marks transition zones, which are interesting entry points for potential reversals or continuations. Transition Zones (Frontier Zones) These zones indicate intermediate movements and potential shifts in momentum. Transparent Black (#000000, 50) : Represents transition areas, where the market tests boundaries between buyers and sellers. Meaning: These are critical decision points. Neutral Zone (Sea Zone)- Trend Zones These zones represent more balanced market activity, where neither buyers nor sellers dominate clearly. Transparent Green (#00e040, 25) : Indicates slight bullish activity in a neutral zone. Transparent Red (#e01a00, 25) : Indicates slight bearish activity in a neutral zone. This color logic allows you to pinpoint areas where volume clusters show a clear dominance, exhaustion, or optimal entry opportunities. 3.3 Divergences Between Price and Volume Divergences between price and volume are critical for identifying key shifts in market sentiment. Volume Venturius Premium distinguishes two main types of divergences: Lack of Participation and Absorption, each offering valuable signals for potential reversals or continuations. Lack of Participation This divergence occurs when price movements are not supported by corresponding volume dynamics, signaling a reduction in activity from significant market participants. 1. Bullish Lack of Participation: Characteristics : Price is making lower lows, but volume is making higher lows. This indicates waning selling pressure as prices drop. Inference : A potential bullish reversal may occur. Traders could consider looking for opportunities to go long. 2.Bearish Lack of Participation: Characteristics : Price is making higher highs, but volume is making lower highs. This suggests diminishing buying pressure even as prices rise. Inference : A potential bearish reversal might follow. Traders might position to go short. Absorption Absorption occurs when larger market participants neutralize the pressure from smaller participants, often leading to significant market moves. 1.Bullish Absorption: Characteristics : Price is making higher bottoms, but volume is making lower bottoms. This reflects sellers being trapped as their selling efforts are absorbed by larger buyers. Inference : A potential upward breakout is likely. Traders may look for opportunities to go long. 2.Bearish Absorption: Characteristics : Price is making lower tops, but volume is making higher tops. This indicates buyers being trapped as larger sellers absorb their buying activity. Inference : A downward breakout is probable. Traders may consider positioning to go short. Chapter 4: Practical Application and Trading Strategies 4.1 Leveraging Active Order Insights Learn how to use Volume Venturius Premium to detect hidden accumulation or distribution phases. Strategies include identifying spikes in active volume that signal institutional participation. 4.2 Confirming Bull and Bear Campaigns Gain confidence in detecting the early stages of bullish or bearish campaigns by analyzing the interplay between active orders and volume flow. Chapter 5: Real-World Examples 5.1 Analyzing Market Manipulation See how Volume Venturius Premium can reveal manipulation tactics employed by large players to trigger liquidity events. 5.2 Spotting Trends with Active Orders Real-life scenarios demonstrate how the tool can be used to identify and ride the market’s dominant trend. Conclusion The Volume Venturius Premium is an indispensable tool for traders who seek to understand the underlying mechanics of market movement. By focusing on active order flows and drawing on Wyckoff’s principles, it provides unique insights into market manipulation and expansion phases. Whether you’re an intraday trader or a long-term strategist, this tool empowers you to anticipate market shifts and trade with confidence. Stay tuned for updates as we continue to refine Volume Venturius Premium to further enhance your trading journey.
Pine Script® indicator
by AlbaTherium
2
Multi Exchange Relative Volume IndicatorThe Multi Exchange Relative Volume indicator is a powerful tool designed to visualize the relative volume across different exchanges. This is particularly useful for decentralized securities like forex and crypto, where volume data is spread across multiple markets. By aggregating volume data from various exchanges, this indicator helps traders identify trends, spot unusual volume spikes, and make informed trading decisions. Key Features: Multi-Exchange Volume Aggregation: Collects and sums the volume data from up to five different exchanges, offering a holistic view of the market activity. Customizable Inputs: Easily select and configure up to five different exchanges of your choice to monitor their volume activity. Relative Volume Visualization: Compares the aggregated volume against historical averages to highlight periods of high or low volume. Color-Coded Volume Bars: Volume bars are color-coded based on the relative volume percentage, providing quick visual cues: - Red for volume 1.0-1.5 times the average - Orange for volume 1.5-2.0 times the average - Green for volume 2.0-3.0 times the average - Yellow for volume greater than 3.0 times the average - Grey for below average volume Dynamic Lookback Period: Adjust the lookback period to suit your trading style and timeframe, allowing for flexible analysis. Exponential Moving Average (EMA): Includes an EMA of volume to smooth out short-term fluctuations and highlight longer-term trends. Scalable Layout: The scaling factor allows you to zoom in or out, adjusting the visual representation of volume data to better fit your chart. Usage: Configure Exchanges: Select up to five exchanges you want to monitor from the input settings. Set Lookback Period and Bars: Customize the lookback period and the number of bars to consider for calculating average volume. Adjust Scaling: Use the scaling factor to zoom in or out on the volume data for better visualization. Interpret Volume Bars: Analyze the color-coded volume bars to identify significant changes in volume and potential trading opportunities. Monitor EMA: Use the EMA line to understand the trend and smooth out noise from the volume data. The Multi Exchange Relative Volume indicator is an essential tool for traders who want to gain deeper insights into market activity across multiple exchanges. By visualizing relative volume, it helps in identifying potential breakout or breakdown points, enhancing your trading strategy.
Pine Script® indicator
by Jury_P