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Volume Profile

Multi-Layer Volume Profile [BigBeluga]A powerful multi-resolution volume analysis tool that stacks multiple profiles of historical trading activity to reveal true market structure. This indicator breaks down total and delta volume distribution across time at four adjustable depths — enabling traders to spot major POCs, volume shelves, and zones of price acceptance or rejection with unmatched clarity. 🔵 KEY FEATURES Multi-Layer Volume Profiles: Up to 4 separate volume profiles are stacked on the chart: - Profile 1: Full period - Profile 2: Half-length - Profile 3: Quarter-length - Profile 4: One-eighth-length This layering helps traders assess confluence across different time horizons. Custom Bin Resolution: Each profile uses a customizable number of bins to control visual precision. More bins = higher granularity, fewer bins = smoother profile. Precise POC Highlighting: The price level with the maximum traded volume in each profile is highlighted with a thick blue POC line. This key level shows the most accepted price for each period. Total and Delta Volume Labels: - Total Volume: Displays cumulative volume over the profile period at the top of the profile box. - Delta Volume: The difference between bullish and bearish volume is labeled at the base, showing directional pressure. Positive delta = buyer dominance, negative delta = seller dominance. Range Levels: Each profile includes horizontal reference lines showing its high, low, bounds. These edges often align with price reaction zones and become future resistance/support. 🔵 HOW IT WORKS For each active profile, the indicator: - Collects price range (highs/lows) across the selected `length` - Divides this range into equal bins - Assigns volume into bins based on candle close location - Aggregates volume per bin to form the profile (polylines) Separately tracks: - Total volume (sum of all candles in range) - Delta volume (sum of candle volumes: positive for bullish, negative for bearish closes) Highlights the bin with maximum volume (POC) and marks it with a thick blue line. Adds auxiliary lines for high/low of each profile box and total/delta volume tags with tooltips. 🔵 USAGE Spot Acceptance Zones: Thick, flat areas on the profile show where price stayed longest — ideal for building positions. Identify Rejection Zones: Thin volume areas signal price rejection and are often used for stop placement or entries. Delta Confirmation: Use strong positive/negative delta readings as directional bias confirmation for breakout trades. Confluence Detection: Watch for overlapping POCs between layers to identify extremely strong support/resistance zones. 🔵 CONCLUSION Multi-Layer Volume Profile equips traders with a deeply layered market structure view. Whether you're scalping intraday levels or analyzing macro support zones, the ability to stack volume perspectives, visualize directional delta, and anchor POCs provides an edge in anticipating market moves. Use this tool to validate entries, confirm structure, and make more informed, volume-aware trading decisions.
Pine Script® indicator
by BigBeluga
20
On Balance Volume W DivergenceOBV With Divergence Indicator A comprehensive On Balance Volume (OBV) indicator enhanced with divergence detection capabilities. Core Features: Classic OBV calculation with volume-based price movement tracking Advanced divergence detection system Multiple smoothing options for OBV Bollinger Bands integration Technical Components: Volume-based price movement analysis Pivot point detection for divergence Customizable lookback periods Adjustable divergence range parameters Customization Options: Multiple Moving Average types (SMA, EMA, SMMA, WMA, VWMA) Bollinger Bands with adjustable standard deviation Divergence sensitivity settings Visual customization for signals and alerts The indicator combines traditional OBV analysis with modern divergence detection, offering traders a powerful tool for identifying potential trend reversals and market momentum shifts. Key Parameters: - Pivot Lookback Right/Left: 5 (default) - Divergence Range: 5-60 bars - MA Length: 14 (default) - BB StdDev: 2.0 (default) Alert System: - Bullish divergence alerts - Bearish divergence alerts - Customizable alert messages Note: The indicator requires volume data to function properly and will display an error if volume data is not available.
Pine Script® indicator
by Raffaele_De_Leo
Price Map Profile [BigBeluga]An advanced volume-based tool designed to map out how trading activity is distributed across price levels. It combines dynamic volume profiling with structural pivot detection to highlight key levels of interest in the market — including hidden support/resistance zones and dominant liquidity areas. Unlike traditional volume profiles locked to fixed sessions, this indicator continuously processes historical bars to build a real-time "map" of volume distribution. It intelligently reveals where buyers and sellers were most active, helping traders pinpoint high-impact zones with clarity. 🔵 KEY FEATURES Creates a volume map profile by scanning price action over a defined lookback window (`length`). Divides price vertically into volume bins (default: 100) and aggregates either total volume or bar count per bin. Bins are plotted as horizontal zones extending to the right of the chart — wider offset means more volume at that price. Each zone is color-coded using gradients to represent volume magnitude: - Below average volume = cool tones (blue/teal) - Above average volume = warm tones (red/orange) The highest volume bin is highlighted with a red label showing the exact volume, helping to identify strong price agreement. Detects pivot highs and lows using a 15-bar swing method, marking them as potential S/R levels. If a pivot level is located inside a low-volume zone (volume < average), it is emphasized with a dashed line and label . Pivot line color matches direction: - High pivots = yellow - Low pivots = aqua The volume of the bin containing the pivot is shown alongside the pivot, providing volume context for the structural level. Filters out nearby duplicate pivots using ATR-based distance checks to ensure clean and non-redundant signals. 🔵 HOW TO USE Use the wide red zones as liquidity and consolidation areas where price may stall, reverse, or absorb volume. Pivot-based dashed lines within low-volume zones highlight hidden support/resistance levels where price may react sharply. Combine this indicator with trend or order flow tools to validate reversal or breakout setups . Switch between Volume and Frequency modes to adapt to the type of data your asset provides. 🔵 CONCLUSION The Price Map Profile transforms raw volume into an actionable visual map. By aligning volume depth with key market structure levels, it helps traders identify where market participants are most active — and where hidden inefficiencies lie. Ideal for traders seeking precision entries, dynamic S/R zones, and deeper volume structure insight.
Pine Script® indicator
by BigBeluga
14
Options Volume ProfileOptions Volume Profile Introduction Unlock institutional-level options analysis directly on your charts with Options Volume Profile - a powerful tool designed to visualize and analyze options market activity with precision and clarity. This indicator bridges the gap between technical price action and options flow, giving you a comprehensive view of market sentiment through the lens of options activity. What Is Options Volume Profile? Options Volume Profile is an advanced indicator that analyzes call and put option volumes across multiple strikes for any symbol and expiration date available on TradingView. It provides a real-time visual representation of where money is flowing in the options market, helping identify potential support/resistance levels, market sentiment, and possible price targets. Key Features Comprehensive Options Data Visualization Dynamic strike-by-strike volume profile displayed directly on your chart Real-time tracking of call and put volumes with custom visual styling Clear display of important value areas including POC (Point of Control) Value Area High/Low visualization with customizable line styles and colors BK Daily Range Identification Secondary lines marking significant volume thresholds Visual identification of key strike prices with substantial options activity Value Area Cloud Visualization Configurable cloud overlays for value areas Enhanced visual identification of high-volume price zones Detailed Summary Table Complete breakdown of call and put volumes per strike Percentage analysis of call vs put activity for sentiment analysis Color-coded volume data for instant pattern recognition Price data for both calls and puts at each strike Custom Strike Selection Configure strikes above and below ATM (At The Money) Flexible strike spacing and rounding options Custom base symbol support for various options markets Use Cases 1. Identifying Key Support & Resistance Visualize where major options activity is concentrated to spot potential support and resistance zones. The POC and Value Area lines often act as magnets for price. 2. Analyzing Market Sentiment Compare call versus put volume distribution to gauge directional bias. Heavy call volume suggests bullish sentiment, while heavy put volume indicates bearish positioning. 3. Planning Around Institutional Activity Volume profile analysis reveals where professional traders are positioning themselves, allowing you to align with or trade against smart money. 4. Setting Precise Targets Use the POC and Value Area High/Low lines as potential profit targets when planning your trades. 5. Spotting Unusual Options Activity The color-coded volume table instantly highlights anomalies in options flow that may signal upcoming price movements. Customization Options The indicator offers extensive customization capabilities: Symbol & Data Settings : Configure base symbol and data aggregation Strike Selection : Define number of strikes above/below ATM Expiration Date Settings : Set specific expiry dates for analysis Strike Configuration : Customize strike spacing and rounding Profile Visualization : Adjust offset, width, opacity, and height Labels & Line Styles : Fully configurable text and visual elements Value Area Settings : Customize POC and Value Area visualization Secondary Line Settings : Configure the BK Daily Range appearance Cloud Visualization : Add colored overlays for enhanced visibility How to Use Apply the indicator to your chart Configure the expiration date to match your trading timeframe Adjust strike selection and spacing to match your instrument Use the volume profile and summary table to identify key levels Trade with confidence knowing where the real money is positioned Perfect for options traders, futures traders, and anyone who wants to incorporate institutional-level options analysis into their trading strategy. Take your trading to the next level with Options Volume Profile - where price meets institutional positioning.
Pine Script® indicator
by snoopydoopy1
26
Volume Profile + Price Action Strategy (POC-based)This indicator combines volume dynamics, price action patterns, and a simplified Point of Control (POC) to highlight potential high-probability trade zones. 🔍 Key Features POC-Based Logic Plots the POC from the most recent closed 10-minute candle as a horizontal level for intraday structure. Volume Spike Detection Highlights unusual activity based on volume compared to the average of the last N candles. Effort vs. Result Analysis Based on Wyckoff-inspired logic: Absorption: Large volume, small body → possible buyer/seller absorption False Move: Small volume, large body → potential fakeout Price Action Recognition Detects: Inside Bars Pin Bars Engulfing Candles Signal Highlights 🔺 Absorption Signals (below bar, teal triangle) 🔻 False Move Signals (above bar, orange triangle) 🔷 POC Line ⚙️ Customizable Inputs You can control signal sensitivity with these inputs: Volume Spike Multiplier Raise to filter only extreme volume spikes → Recommended: 2.0 to 3.0 for cleaner setups Absorption Body Ratio Lower to detect only very small bodies (tight candles) → Try 0.3 to 0.4 for stricter absorption logic False Move Body Ratio Raise to catch only large candles on low volume → Use 2.0+ to filter weak moves 🧠 How to Use Use in confluence with: Support/Resistance VWAP or moving averages Session opens/closes Best on 10-minute charts, but adjustable ✅ Signal Tuning Tips Want fewer but cleaner signals? Increase Volume Spike Multiplier: 2.5+ Decrease Absorption Body Ratio: 0.3 Increase False Move Ratio: 2.0+ Want more frequent signals? Lower Volume Multiplier: 1.2–1.5 Raise Absorption Ratio: 0.6+ Lower False Move Ratio: 1.2–1.4 📊 Recommended Timeframe Optimized for 10-minute charts Works intraday, especially around session opens and POC re-tests ⚠️ Disclaimer This script is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any asset. Past performance is not indicative of future results. Always do your own research and consult a licensed financial advisor before making trading decisions. Use at your own risk.
Pine Script® indicator
by ir4onok88
Exponential Action Map (EAM)### **Exponential Action Map (EAM) – Description and Differences from VPVR** The Exponential Action Map (EAM) indicator is a Pine Script-based volume profile indicator that offers **a weighted representation of buying and selling activity**. Unlike the standard **Volume Profile Visible Range (VPVR)**, which simply shows traded volume at various price levels, the EAM provides the following additional features: 1. **Exponential Weighting**: - Instead of treating the volume of all considered bars equally, the EAM uses a **decay factor** to gradually diminish the significance of older data. This allows **more recent price movements to have greater influence**, making it particularly useful for short-term analysis. 2. **Exponential Stealth Move (ESM)**: - In addition to buy and sell volume, the EAM calculates and displays the **Exponential Stealth Move (ESM)**. - This measures the relative price movement compared to volume and highlights areas where **significant price changes occur with low volume**, which may indicate institutional activity or strong momentum. - The ESM visualization is not present in VPVR, making it a distinct and valuable feature. 3. **Visualization Methodology**: - Instead of simple histograms like in VPVR, volume is represented by **dynamic boxes** that encompass Buy (EBA), Sell (ESA), and Stealth Move (ESM) activities. - The size and color of these boxes are **customizable**, allowing for clear differentiation between various volume types. 4. **Flexibility & Configuration**: - Users can adjust parameters such as **Number of Bars, Decay Factor, Bar Width, and Maximum History Data**. - The ability to **toggle historical data visibility** offers a **tailored view** that VPVR does not provide. **Conclusion:** The EAM extends the classic volume profile (VPVR) by introducing **time-weighted volume analysis and detection of Stealth Moves (ESM)**. This not only highlights price levels with high trading volume but also reveals **price movements with low liquidity**, which can potentially indicate institutional interest.
Pine Script® indicator
by Tires7
1
Linear Regression Volume Profile [ChartPrime]LR VolumeProfile This indicator combines a Linear Regression channel with a dynamic volume profile, giving traders a powerful way to visualize both directional price movement and volume concentration along the trend. ⯁ KEY FEATURES Linear Regression Channel: Draws a statistically fitted channel to track the market trend over a defined period. Volume Profile Overlay: Splits the channel into multiple horizontal levels and calculates volume traded within each level. Percentage-Based Labels: Displays each level's share of total volume as a percentage, offering a clean way to see high and low volume zones. Gradient Bars: Profile bars are colored using a gradient scale from yellow (low volume) to red (high volume), making it easy to identify key interest areas. Adjustable Profile Width and Resolution: Users can change the width of profile bars and spacing between levels. Channel Direction Indicator: An arrow inside a floating label shows the direction (up or down) of the current linear regression slope. Level Style Customization: Choose from solid, dashed, or dotted lines for visual preference. ⯁ HOW TO USE Use the Linear Regression channel to determine the dominant price trend direction. Analyze the volume bars to spot key levels where the majority of volume was traded—these act as potential support/resistance zones. Pay attention to the largest profile bars—these often mark zones of institutional interest or price consolidation. The arrow label helps quickly assess whether the trend is upward or downward. Combine this tool with price action or momentum indicators to build high-confidence trading setups. ⯁ CONCLUSION LR Volume Profile is a precision tool for traders who want to merge trend analysis with volume insight. By integrating linear regression trendlines with a clean and readable volume distribution, this indicator helps traders find price levels that matter the most—backed by volume, trend, and structure. Whether you're spotting high-volume nodes or gauging directional flow, this toolkit elevates your decision-making process with clarity and depth.
Pine Script® indicator
by ChartPrime
9
volume profile ranking indicator📌 Introduction This script implements a volume profile ranking indicato for TradingView. It is designed to visualize the distribution of traded volume over price levels within a defined historical window. Unlike TradingView’s built-in Volume Profile, this script gives full customization of the profile drawing logic, binning, color gradient, and the ability to anchor the profile to a specific date. ⚙️ How It Works (Logic) 1. Inputs ➤POC Lookback Days (lookback): Defines how many bars (days) to look back from a selected point to calculate the volume distribution. ➤Bin Count (bin_count): Determines how many price bins (horizontal levels) the price range will be divided into. ➤Use Custom Lookback Date (useCustomDate): Enables/disables manually selecting a backtest start date. ➤Custom Lookback Date (customDate): When enabled, the profile will calculate volume based on this date instead of the most recent bar. 2. Target Bar Determination ➤If a custom date is selected, the script searches for the bar closest to that date within 1000 bars. ➤If not, it defaults to the latest bar (bar_index). ➤The profile is drawn only when the current bar is close to the target bar (within ±2 bars), to avoid unnecessary recalculations and performance issues. 3. Volume Binning ➤The price range over the lookback window is divided into bin_count segments. ➤For each bar within the lookback window, its volume is added to the appropriate bin based on price. ➤If the price falls outside the expected range, it is clamped to the first or last bin. 4. Ranking and Sorting ➤A bubble sort ranks each bin by total volume. ➤The most active bin (POC, or Point of Control) is highlighted with a thicker bar. 5. Rendering ➤Horizontal bars (line.new) represent volume intensity in each price bin. ➤Each bar is color-coded by volume heat: more volume = more intense color. ➤Labels (label.new) show: ➤Total volume ➤Rank ➤Percentage of total volume ➤Price range of the bin 🧑‍💻 How to Use 1. Add the Script to Your Chart ➤Copy the code into TradingView’s Pine Script editor and add it to your chart. 2. Set Lookback Period ➤Default is 252 bars (about one year for daily charts), but can be changed via the input. 3. (Optional) Use Custom Date ●Toggle "Use Custom Lookback Date" to true. ➤Pick a date in the "Custom Lookback Date" input to anchor the profile. 4. Analyze the Volume Distribution ➤The longest (thickest) red/orange bar represents the Point of Control (POC) — the price with the most volume traded. ➤Other bars show volume distribution across price. ➤Labels display useful metrics to evaluate areas of high/low interest. ✅ Features 🔶 Customizable anchor point (custom date). 🔶Adjustable bin count and lookback length. 🔶 Clear visualization with heatmap coloring. 🔶 Lightweight and performance-optimized (especially with the shouldDrawProfile filter)
Pine Script® indicator
by CHENANFANG
Volume Profile & Smart Money Explorer🔍 Volume Profile & Smart Money Explorer: Decode Institutional Footprints Master the art of institutional trading with this sophisticated volume analysis tool. Track smart money movements, identify peak liquidity windows, and align your trades with major market participants. 🌟 Key Features: 📊 Triple-Layer Volume Analysis • Total Volume Patterns • Directional Volume Split (Up/Down) • Institutional Flow Detection • Real-time Smart Money Tracking • Historical Pattern Recognition ⚡ Smart Money Detection • Institutional Trade Identification • Large Block Order Tracking • Smart Money Concentration Periods • Whale Activity Alerts • Volume Threshold Analysis 📈 Advanced Profiling • Hourly Volume Distribution • Directional Bias Analysis • Liquidity Heat Maps • Volume Pattern Recognition • Custom Threshold Settings 🎯 Strategic Applications: Institutional Trading: • Track Big Player Movements • Identify Accumulation/Distribution • Follow Smart Money Flow • Detect Institutional Trading Windows • Monitor Block Orders Risk Management: • Identify High Liquidity Windows • Avoid Thin Market Periods • Optimize Position Sizing • Track Market Participation • Monitor Volume Quality Market Analysis: • Volume Pattern Recognition • Smart Money Flow Analysis • Liquidity Window Identification • Institutional Activity Cycles • Market Depth Analysis 💡 Perfect For: • Professional Traders • Volume Profile Traders • Institutional Traders • Risk Managers • Algorithmic Traders • Smart Money Followers • Day Traders • Swing Traders 📊 Key Metrics: • Normalized Volume Profiles • Institutional Thresholds • Directional Volume Split • Smart Money Concentration • Historical Patterns • Real-time Analysis ⚡ Trading Edge: • Trade with Institution Flow • Identify Optimal Entry Points • Recognize Distribution Patterns • Follow Smart Money Positioning • Avoid Thin Markets • Capitalize on Peak Liquidity 🎓 Educational Value: • Understand Market Structure • Learn Volume Analysis • Master Institutional Patterns • Develop Market Intuition • Track Smart Money Flow 🛠️ Customization: • Adjustable Time Windows • Flexible Volume Thresholds • Multiple Timeframe Analysis • Custom Alert Settings • Visual Preference Options Whether you're tracking institutional flows in crypto markets or following smart money in traditional markets, the Volume Profile & Smart Money Explorer provides the deep insights needed to trade alongside the biggest players. Transform your trading from retail guesswork to institutional precision. Know exactly when and where smart money moves, and position yourself ahead of major market shifts. #VolumeProfile #SmartMoney #InstitutionalTrading #MarketAnalysis #TradingView #VolumeAnalysis #CryptoTrading #ForexTrading #TechnicalAnalysis #Trading #PriceAction #MarketStructure #OrderFlow #Liquidity #RiskManagement #TradingStrategy #DayTrading #SwingTrading #AlgoTrading #QuantitativeTrading
Pine Script® indicator
by sebamarghella
6
Session Profile AnalyzerWhat’s This Thing Do? Hey there, trader! Meet the Session Profile Analyzer (SPA) your new go-to pal for breaking down market action within your favorite trading sessions. It’s an overlay indicator that mixes Rotation Factor (RF), Average Subperiod Range (ASPR), Volume Value Area Range (VOLVAR), and TPO Value Area Range (TPOVAR) into one tidy little toolkit. Think of it as your market vibe checker momentum, volatility, and key levels, all served up with a grin. The Cool Stuff It Does: Rotation Factor (RF) : Keeps tabs on whether the market’s feeling bullish, bearish, or just chilling. It’s like a mood ring for price action shows “UP ↑,” “DOWN ↓,” or “NONE ↔.” ASPR : Averages out the range of your chosen blocks. Big swings? Tiny wiggles? This tells you the session’s energy level. VOLVAR : Dives into volume to find where the action’s at, with a smart twist it adjusts price levels based on the session’s size and tiny timeframe moves (capped at 128 so your chart doesn’t cry). TPOVAR : Grabs lower timeframe data to spot where price hung out the most, TPO-style. Value zones, anyone? Dynamic Precision : No ugly decimal overload SPA matches your asset’s style (2 decimals for BTC, 5 for TRX, you get it). How to Play With It: Session Start/End : Pick your trading window (say, 0930-2200) and a timezone (America/New_York, or wherever you’re at). Block Size : Set the chunk size for RF and ASPR like 30M if you’re into half-hour vibes. Value Area Timeframe : Go micro with something like 1S for VOLVAR and TPOVAR precision. Label : Size it (small to huge), color it (white, neon pink, whatever), and slap it where you want (start, mid, end). How It All Works (No PhD Required): RF : Imagine breaking your session into blocks (via Block Size). For each block, SPA checks if the high beats the last high (+1) or not (0), and if the low dips below the last low (-1) or not (0). Add those up, and boom positive RF means upward vibes, negative means downward, near zero is “meh.” Use it to catch trends or spot when the market’s napping. ASPR : Takes those same blocks, measures high-to-low range each time, and averages them. It’s your volatility pulse big ASPR = wild ride, small ASPR = snooze fest. Great for sizing up session action. VOLVAR : Here’s the fun part. It takes the session’s full range (high minus low), divides it by the average range of your tiny Value Area Timeframe bars (e.g., 1S), and picks a sensible number of price levels capped at 128 so it doesn’t overthink. Then it bins volume into those levels, finds the busiest price (POC), and grows a 70% value area around it. Perfect for spotting where the big players parked their cash. TPOVAR : Grabs midpoints from those tiny timeframe bars, sorts them, and snips off the top and bottom 15% to find the 70% “value zone” where price chilled the most. Think of it as the market’s comfort zone great for support/resistance hunting. Why You’ll Like It: Whether you’re scalping crypto, swinging forex, or dissecting stocks, SPA’s got your back. Use RF to catch momentum shifts like jumping on an “UP ↑” trend or fading a “DOWN ↓” exhaustion. ASPR’s your secret weapon for sizing up trades: a big ASPR (say, 100 on BTC) means you can aim for juicy targets (like 1-2x ASPR) or set invalidations tight when it’s tiny (e.g., 0.001 on TRX) to dodge chop. VOLVAR and TPOVAR are your level-finders nail those key zones where price loves to bounce or break, perfect for entries, stops, or profit grabs. It’s like having a trading co-pilot who’s chill but knows their stuff. Heads-Up: Load enough history for those micro timeframes to shine (1S needs some bars to work with). Keeps things light won’t bog down your chart even with decent-sized sessions. Let’s Roll: Slap SPA on your chart, tweak it to your style, and watch it spill the beans on your session. Happy trading, fam may your pips be plenty and your losses few!
Pine Script® indicator
by mindyourbuisness
Volume Profile [ActiveQuants]The Volume Profile indicator visualizes the distribution of trading volume across price levels over a user-defined historical period. It identifies key liquidity zones, including the Point of Control (POC) (price level with the highest volume) and the Value Area (price range containing a specified percentage of total volume). This tool is ideal for traders analyzing support/resistance levels, market sentiment , and potential price reversals . █ CORE METHODOLOGY Vertical Price Rows: Divides the price range of the selected lookback period into equal-height rows. Volume Aggregation: Accumulates bullish/bearish or total volume within each price row. POC: The row with the highest total volume. Value Area: Expands from the POC until cumulative volume meets the user-defined threshold (e.g., 70%). Dynamic Visualization: Rows are plotted as horizontal boxes with widths proportional to their volume. █ KEY FEATURES - Customizable Lookback & Resolution Adjust the historical period ( Lookback ) and granularity ( Number of Rows ) for precise analysis. - Configurable Profile Width & Horizontal Offset Control the relative horizontal length of the profile rows, and set the distance from the current bar to the POC row’s anchor. Important: Do not set the horizontal offset too high. Indicators cannot be plotted more than 500 bars into the future. - Value Area & POC Highlighting Set the percentage of total volume required to form the Value Area , ensuring that key volume levels are clearly identified. Value Area rows are colored distinctly, while the POC is marked with a bold line. - Flexible Display Options Show bullish/bearish volume splits or total volume. Place the profile on the right or left of the chart. - Gradient Coloring Rows fade in color intensity based on their relative volume strength . - Real-Time Adjustments Modify horizontal offset, profile width, and appearance without reloading. █ USAGE EXAMPLES Example 1: Basic Volume Profile with Value Area Settings: Lookback: 500 bars Number of Rows: 100 Value Area: 70% Display Type: Up/Down Placement: Right Image Context: The profile appears on the right side of the chart. The POC (orange line) marks the highest volume row. Value Area rows (green/red) extend above/below the POC, containing 70% of total volume. Example 2: Total Volume with Gradient Colors Settings: Lookback: 800 bars Number of Rows: 100 Profile Width: 60 Horizontal Offset: 20 Display Type: Total Gradient Colors: Enabled Image Context: Rows display total volume in a single color with gradient transparency. Darker rows indicate higher volume concentration. Example 3: Left-Aligned Profile with Narrow Value Area Settings: Lookback: 600 bars Number of Rows: 100 Profile Width: 45 Horizontal Offset: 500 Value Area: 50% Profile Placement: Left Image Context: The profile shifts to the left, with a tighter Value Area (50%). █ USER INPUTS Calculation Settings Lookback: Historical bars analyzed (default: 500). Number of Rows: Vertical resolution of the profile (default: 100). Profile Width: Horizontal length of rows (default: 50). Horizontal Offset: Distance from the current bar to the POC (default: 50). Value Area (%): Cumulative volume threshold for the Value Area (default: 70%). Volume Display: Toggle between Up/Down (bullish/bearish) or Total volume. Profile Placement: Align profile to the Right or Left of the chart. Appearance Rows Border: Customize border width/color. Gradient Colors: Enable fading color effects. Value Area Colors: Set distinct colors for bullish and bearish Value Area rows. POC Line: Adjust color, width, and visibility. █ CONCLUSION The Volume Profile indicator provides a dynamic, customizable view of market liquidity. By highlighting the POC and Value Area, traders can identify high-probability reversal zones, gauge market sentiment, and align entries/exits with key volume levels. █ IMPORTANT NOTES ⚠ Lookback Period: Shorter lookbacks prioritize recent activity but may omit critical levels. ⚠ Horizontal Offset Limitation: Avoid excessively high offsets (e.g., close to ±300). TradingView restricts plotting indicators more than 500 bars into the future, which may truncate or hide the profile. ⚠ Risk Management: While the indicator highlights areas of concentrated volume, always use it in combination with other technical analysis tools and proper risk management techniques. █ RISK DISCLAIMER Trading involves substantial risk. The Volume Profile highlights historical liquidity but does not predict future price movements. Always use stop-loss orders and confirm signals with additional analysis. Past performance is not indicative of future results. 📊 Happy trading! 🚀
Pine Script® indicator
by ActiveQuants
3
Volume Buy/Sell ChartVolume Buy/Sell Chart This script visualizes the distribution of buying and selling volume within each candlestick, helping traders identify dominant market pressure at a glance. It separates volume into Buy Volume (Green) and Sell Volume (Red) using a unique calculation based on price movement within a candle. Features: ✅ Customizable Bar Display: Choose to display 5, 10, or 100 bars using a simple dropdown selection. ✅ Buy & Sell Volume Calculation: The script determines buying and selling volume dynamically based on price action within the candle. ✅ Custom Volume Threshold for Alerts: Set a percentage threshold (0–100) to trigger alerts when buy or sell volume exceeds a predefined level. ✅ Color-Coded Histogram: Green Bars: Represent the estimated buy volume. Red Bars: Represent the estimated sell volume. ✅ Alerts Integration: Automatically detect strong buy or sell signals when the respective volume percentage exceeds your set threshold. How It Works: The script calculates total price movement within a candle. It then estimates buying and selling volume ratios based on whether the price closes higher or lower than it opened. Finally, it normalizes the buy/sell volume against the total volume and plots it as a column chart. Usage Guide: Add the script to your chart. Select how many bars to display (5, 10, or 100). Adjust the Custom Volume Percentage Threshold (default: 75%). Watch for significant buy/sell volume imbalances that might indicate market turning points! This tool is great for traders looking to analyze volume flow and market sentiment with a simple yet effective visualization. 🚀
Pine Script® indicator
by venkat_27
Pso Volume Profile # Volume Profile with Dynamic Support and Resistance ## Overview This Pine Script indicator for TradingView creates a comprehensive volume profile display with automatic support and resistance levels based on significant volume nodes. The indicator analyzes price action and volume data to identify key levels where trading activity has been concentrated, helping traders identify potential reversal or continuation zones. ## Key Features ### Volume Profile Analysis - Displays a horizontal volume profile on the right side of the chart - Divides volume into bid (buying) and ask (selling) components - Color-codes bid and ask volumes differently for easy identification - Customizable profile width, opacity, and placement ### Dynamic Support and Resistance Detection - Automatically identifies significant price levels based on volume concentration - Uses an adjustable percentile threshold to filter for the most important levels - Color-codes support/resistance lines based on bid/ask dominance: - Red lines: Bid-dominant levels (more buying pressure) - Green lines: Ask-dominant levels (more selling pressure) - Extends lines across the chart for clear visualization ### Customization Options - Adjustable lookback period for volume analysis - Configurable number of price divisions (bars) - User-selectable volume percentile threshold (50-100%) - Customizable colors for all elements - Adjustable line length and position ## How It Works 1. The indicator divides the price range into a specified number of horizontal zones 2. It analyzes historical price and volume data within the lookback period 3. For each price zone, it calculates the total volume and separates bid/ask components 4. It identifies zones with volume exceeding the user-defined percentile threshold 5. It draws color-coded horizontal lines at these significant levels, extending across the chart 6. Lines are colored based on whether buying or selling was dominant at each level ## Usage Guidelines - Higher percentile values (80-95%) will show fewer, but more significant levels - Lower values (50-70%) will show more potential support/resistance zones - Red lines often represent potential support levels (buyer-dominated) - Green lines often represent potential resistance levels (seller-dominated) - Areas where multiple lines cluster indicate highly significant zones ## Applications - Identifying key price levels for entry and exit points - Recognizing potential reversal zones - Setting strategic stop-loss and take-profit levels - Confirming support/resistance levels from other technical analysis methods - Understanding the volume distribution and market structure This indicator combines volume profile analysis with automatic support/resistance detection, providing traders with a powerful tool to identify significant price levels based on actual trading activity rather than just price patterns.
Pine Script® indicator
by andreapsoroulas21
1
Volume Pressure Histogram (Normalized)Overview The Volume Pressure Histogram is designed to help traders analyze buying and selling pressure using real volume data. Unlike traditional momentum indicators that rely solely on price movements, VPH measures the strength of bullish and bearish volume, providing insights into market participation. How It Works The histogram represents the difference between buying and selling volume over a selected period. Green bars indicate strong buying pressure, while red bars signal strong selling pressure. Lime and orange bars (if enabled) represent moderate buying and selling activity. A white signal line smooths volume data to track momentum shifts over time. How to Use It Trend Confirmation: When price is rising and green bars increase, the trend is supported by real buying pressure. Reversal Detection: If price makes a new high but green bars shrink, buyers may be losing strength. Breakout Strength: A breakout with rising volume pressure confirms strong participation, while weak volume pressure suggests a potential fake move. Divergence Signals: If price moves higher, but volume pressure declines, the move may lack conviction and could reverse. Customization Options Threshold Multiplier (default = 20) controls when green and red bars appear, filtering out weaker signals. Log Scale Option helps normalize extreme volume spikes. Adjustable Smoothing Length for both the histogram and signal line. Why Use This Indicator Provides a volume-based approach to analyzing market trends. Can confirm or contradict price movements, helping identify strong or weak trends. Works across multiple markets, including stocks, forex, crypto, and indices. This indicator is designed for educational and informational purposes only and does not provide financial advice.
Pine Script® indicator
by FindBetterTrades
1
Multi-Timeframe VWAP Master ProThe Multi-Timeframe VWAP Suite is a comprehensive and highly customizable indicator designed for traders who rely on Volume-Weighted Average Price (VWAP) across multiple timeframes and periods. This tool provides a complete suite of VWAP calculations, including daily, weekly, monthly, quarterly, yearly, and custom VWAPs, allowing traders to analyze price action and volume trends with precision. Whether you're a day trader, swing trader, or long-term investor, this indicator offers unparalleled flexibility and depth for your trading strategy. Multi-Timeframe VWAPs: Daily, Weekly, Monthly, Quarterly, and Yearly VWAPs: Track VWAP across various timeframes to identify key support and resistance levels. Customizable Timeframes: Use the SMA timeframe input to adjust the period for moving averages and other calculations. Previous Period VWAPs: Previous Daily, Weekly, Monthly, and Quarterly VWAPs: Analyze historical VWAP levels to understand past price behavior and identify potential reversal zones. Previous Year Quarterly VWAPs: Compare current price action to VWAP levels from specific quarters of the previous year. Custom VWAPs: Custom Start Date and Timeframe: Define your own VWAP periods by specifying a start date and timeframe, allowing for tailored analysis. Dynamic Custom VWAP Calculation: Automatically calculates VWAP based on your custom inputs, ensuring flexibility for unique trading strategies. Seasonal and Yearly VWAPs: April, July, and October VWAPs: Analyze seasonal trends by tracking VWAP levels for specific months. Yearly VWAP: Get a broader perspective on long-term price trends with the yearly VWAP. SMA Integration: SMA Overlay: Combine VWAP analysis with a Simple Moving Average (SMA) for additional confirmation of trends and reversals. Customizable SMA Length and Timeframe: Adjust the SMA settings to match your trading style and preferences. User-Friendly Customization: Toggle Visibility and Labels: Easily enable or disable the display of specific VWAPs and their labels to keep your chart clean and focused. Color Customization: Each VWAP line and label is color-coded for easy identification and can be customized to suit your preferences. Dynamic Labeling: Automatic Labels: Labels are dynamically placed on the last bar, providing clear and concise information about each VWAP level. Customizable Label Text: Labels include detailed information, such as the timeframe or custom period, for quick reference. Flexible Timeframe Detection: Automatic Timeframe Detection: The indicator automatically detects new days, weeks, months, and quarters, ensuring accurate VWAP calculations. Support for Intraday and Higher Timeframes: Works seamlessly on all chart timeframes, from 1-minute to monthly charts. Previous Year Quarterly VWAPs: Q1, Q2, Q3, Q4 VWAPs: Compare current price action to VWAP levels from specific quarters of the previous year. User-Selectable Year: Choose the year for which you want to calculate previous quarterly VWAPs. Persistent Monthly VWAPs: Option to Persist Monthly VWAPs Year-Round: Keep monthly VWAP levels visible even after the month ends for ongoing analysis. Comprehensive Analysis: Combines multiple VWAP timeframes and periods into a single tool, eliminating the need for multiple indicators. Customizable and Flexible: Tailor the indicator to your specific trading strategy with customizable timeframes, periods, and settings. Enhanced Decision-Making: Gain deeper insights into price action and volume trends across different timeframes, helping you make more informed trading decisions. Clean and Organized Charts: Toggle visibility and labels to keep your chart clutter-free while still accessing all the information you need. Ideal For: Day Traders: Use daily and intraday VWAPs to identify intraday support and resistance levels. Swing Traders: Analyze weekly and monthly VWAPs to spot medium-term trends and reversals. Long-Term Investors: Leverage quarterly and yearly VWAPs to understand long-term price behavior and key levels. Seasonal Traders: Track April, July, and October VWAPs to capitalize on seasonal trends. The Multi-Timeframe VWAP Suite is a powerful and versatile tool for traders of all styles and timeframes. With its comprehensive suite of VWAP calculations, customizable settings, and user-friendly design, it provides everything you need to analyze price action and volume trends with precision and confidence. Whether you're looking to fine-tune your intraday strategy or gain a broader perspective on long-term trends, this indicator has you covered.
Pine Script® indicator
by starseedmaster1
2
Footprint IQ Pro [TradingIQ]Hello Traders! Introducing "Footprint IQ Pro"! Footprint IQ Pro is an all-in-one Footprint indicator with several unique features. Features Calculated delta at tick level Calculated delta ratio at tick level Calculated buy volume at tick level Calculated sell volume at tick level Imbalance detection Stacked imbalance detection Stacked imbalance alerts Value area and POC detection Highest +net delta levels detection Lowest -net delta levels detection CVD by tick levels Customizable values area percentage The image above thoroughly outlines what each metric in the delta boxes shows! Metrics In Delta Boxes "δ:", " δ%:", " ⧎: ", " ◭: ", " ⧩: " δ Delta (Difference between buy and sell volume) δ% Delta Ratio (Delta as a percentage of total volume) ⧎ Total Volume At Level (Total volume at the price area) ◭ Total Buy Volume At Level (Total buy volume at the price area) ⧩ Total Sell Volume At Level (total sell volume at the price area) Each metric comes with a corresponding symbol. That said, until you become comfortable with the symbol, you can also turn on the descriptive labels setting! The image above exemplifies the feature. The image above shows Footprint IQ's full power! Additionally, traders with an upgraded TradingView plan can make use of the "1-Second" feature Footprint IQ offers! The image above shows each footprint generated using 1-second volume data. 1-second data is highly granular compared to 1-minute data and, consequently, each footprint is exceptionally more accurate! Imbalance Detection Footprint IQ pro is capable of detecting user-defined delta imbalances. The image above further explains how Footprint IQ detects imbalances! The imbalance percentage is customizable in the settings, and is set to 70% by default. Therefore, When net delta is positive, and the positive net delta constitutes >=70% of the total volume, a buying imbalance will be detected (upwards triangle). When net delta is negative, and the negative net delta constitutes >=70% of the total volume, a buying imbalance will be detected (downwards triangle). Stacked Imbalance Detection In addition to imbalance detection, Footprint IQ Pro can also detect stacked imbalances! The image above shows Footprint IQ Pro detecting stacked imbalances! Stacked imbalances occur when consecutive imbalances at sequential price areas occur. Stacked imbalances are generally interpreted as significant price moves that are supported by volume, rather than a significant result with disproportionate effort. The criteria for stacked imbalance detection (how many imbalances must occur at sequential price areas) is customizable in the settings. The default value is three. Therefore, when three imbalances occur at sequential price areas, golden triangles will begin to print to show a stacked imbalance. Additionally, traders can set alerts for when stacked imbalances occur! Highest +Delta and Highest -Delta Levels In addition to being a fully-fledged Footprint indicator, Footprint IQ Pro goes one step further by detecting price areas where the greater +Delta and -Delta are! The image above shows price behavior near highest +Delta price areas detected by Footprint IQ! These +Delta levels are considered important as there has been strong interest from buyers at these price areas when they are traded at. It's expected that these levels can function as support points that are supported by volume. The image above shows a similar function for resistance points! Blue lines = High +Delta Detected Price Areas Red lines = High -Delta Detected Price Areas Value Area Detection Similar to traditional volume profile, Footprint IQ Pro displays the value area per bar. Green lines next to each footprint show the value area for the bar. The value area % is customizable in the settings. CVD Levels Footprint IQ Pro is capable of storing historical volume delta information to provide CVD measurements at each price area! The image above exemplifies this feature! When this feature is enabled, you will see the CVD of each price area, rather than the net delta! And that's it! Thank you so much to TradingView for offering the greatest charting platform for everyone to create on! If you have any feature requests you'd like to see for Footprint IQ, please feel free to share them with us! Thank you!
Pine Script® indicator
by Trading-IQ
34
Enhanced Volume Profile█ OVERVIEW The Enhanced Volume Profile (EVP) is an indicator designed to plot a volume profile on the chart based on either the visible chart range or a fixed lookback period. The script helps analyze the distribution of volume at different price levels over time, providing insights into areas of high trading activity and potential support/resistance zones. █ KEY FEATURES 1. Visible Chart Range vs. Fixed Lookback Depth Visible Chart Range - Default analysis mode - Calculates profile based on visible portion of the chart - Dynamically updates with chart view changes Fixed Lookback Depth - Optional alternative to visible range - Uses specified number of bars (10-3000) - Provides consistent analysis depth - Independent of chart view 2. Custom Resolution Auto-Resolution Mode Automatically selects timeframes based on chart's current timeframe: ≤ 1 minute: Uses 1-minute resolution ≤ 5 minutes: Uses 1-minute resolution ≤ 15 minutes: Uses 5-minute resolution ≤ 1 hour: Uses 5-minute resolution ≤ 4 hours: Uses 15-minute resolution ≤ 12 hours: Uses 15-minute resolution ≤ 1 day: Uses 1-hour resolution ≤ 3 days: Uses 2-hours resolution ≤ 1 week: Uses 4-hours resolution Custom Resolution Override Optional override of auto-resolution system Provides control over data granularity Must be lower than or equal to chart's timeframe Falls back to auto-resolution if validation fails 3. Volume Profile Resolution Adjustable number of points (10-400) Controls profile granularity Higher resolution provides more detail Balance between precision and performance 4. Point of Control (PoC) Identifies price level with highest traded volume Optional display with customizable appearance Adjustable line thickness (1-30) Configurable color 5. Value Area (VA) Shows price range of majority trading volume Adjustable coverage (5-95%), default is 68% Customizable boundary lines Configurable lines color and thickness (1-20) █ INPUT PARAMETERS Lookback Settings Use Visible Chart Range - Default: true - Calculates profile based on visible bars - Ideal for focused analysis Fixed Lookback Bars - Range: 10-3000 - Default: 200 - Used when visible range is disabled Resolution Settings Enable Custom Resolution - Default: false - Overrides auto-resolution Custom Resolution - Default: 1-minute - Changes automatically when "Enable Custom Resolution" is disabled Volume Profile Appearance Profile Resolution - Range: 10-400 - Default: 200 - Controls detail level Profile Width Scale - Range: 1-50 - Default: 15 - Adjusts profile width Right Offset - Range: 0-500 - Default: 20 - Controls spacing from price bars Profile Fill Color - Default: #5D606B (70% transparency) Point of Control Settings Show Point of Control - Default: true - Toggles PoC visibility PoC Line Thickness - Range: 1-30 - Default: 1 PoC Line Color - Default: Red Value Area Settings Show Value Area - Default: true - Toggles VA lines Value Area Coverage - Range: 5-95% - Default: 68% Value Area Line Color - Default: Blue Value Area Line Thickness - Range: 1-20 - Default: 1 █ TECHNICAL IMPLEMENTATION DETAILS Exceeding Bars Management The script dynamically adjusts the number of bars used in the volume profile calculation based on the selected timeframe and the maximum allowed bars (max_bars_back). If the total number of bars exceeds the predefined threshold (6000 bars), the script reduces the lookback period (lookback_bars) by trimming some of the historical data, ensuring the chart does not become overloaded with data. The adjustment is made based on the ratio of bars per candle (bars_per_candle), ensuring that the volume profile remains computationally efficient while maintaining its relevance. █ EXAMPLE USE CASES 1. Visible Range Mode For analyzing a recent trend and focusing on only the visible part of the chart, enabling the "Use Visible Chart Range" option calculates the profile based on the current view, without considering historical data outside the visible area. 2. Fixed Lookback Depth For analyzing a specific period in the past (e.g., the last 200 bars), disabling the visible range and setting a fixed lookback depth of 200 bars ensures the profile always considers the last 200 bars, regardless of the visible range. 3. Custom Resolution If there’s a need for greater control over the timeframe used for volume profile calculations (e.g., using a 5-minute resolution on a 15-minute chart), enabling custom resolution and setting the desired timeframe provides this control. HAPPY TRADING ✌️
Pine Script® indicator
by kv4coins
8
Rolling Angled Volume Profile [Trendoscope®]🎲 Volume Profile Indicators 🎯Traditional Volume Profile Volume profile indicators visually represent the distribution of volume across price levels. These indicators typically operate on horizontal price levels, making them effective in identifying supply and demand zones in ranging markets. However, they are less useful in trending markets where price movements follow a slope. 🎯The Need for Angled Volume Profiles Just as support and resistance levels differ from trendlines, volume profile indicators require an equivalent method to account for volume distribution along a sloped trajectory. This would enable more accurate volume analysis in trending markets. We identified the need of Angled Volume profile and have already published few indicators that implements the concept. Angled Volume Profile calculates volume distribution along a slope. Users interact with the indicator by selecting the starting point, after which the volume profile is calculated for the selected trajectory. Volume Forks is another tool that extends angled volume profile analysis, aligning volume profiles along the trajectory of pitchforks. 🎲 Rolling Volume Profile Indicator The Rolling Volume Profile offers a new approach to angled volume profile calculations, addressing some limitations of earlier implementations: 🎯 Rolling Calculation The volume profile is calculated for the last N bars of the instrument The slope of the profile lines is determined by the closing prices of the starting and ending bars Profiles are drawn in the direction of price movement between the start and end bars. 🎯 Dynamic Updates As new bars are added, the calculations are updated, and the profile is redrawn based on the latest data. This dynamic behavior earns it the name "Rolling Volume Profile." 🎯 Advantages Over Earlier Versions Unlimited Profile Lines : Unlike previous implementations limited to 500 profile lines, this indicator uses polyline objects, overcoming the restriction. Live Updates : Previous angled volume profile tools lacked real-time updates when new bars appeared. This limitation is resolved in the Rolling Volume Profile Indicator. The Rolling Volume Profile provides an efficient and scalable solution for analyzing volume in trending markets. 🎯 Indicator Settings Simple settings include few customisable options
Pine Script® indicator
by Trendoscope
4
Volume Delta Filtered Overlay v1.1 by RamtraderbookVolume Delta Filtered Overlay v1.1 by Ramtraderbook This indicator visually displays the volume delta directly on the price chart using colored circles. Its main goal is to highlight significant changes in the volume delta, categorizing them by direction and magnitude. How It Works 1. Volume Delta Calculation - Measures the difference between buying and selling volume on a lower time frame. 2. Threshold Filter - Only displays data if the delta exceeds a minimum threshold set by the user. 3. Colors by Direction - Bullish color: If the delta is positive (more buying). - Bearish color: If the delta is negative (more selling). 4. Circle Placement - Circles are placed above the candle for a positive delta and below the candle for a negative delta. Customizable Inputs - Delta Threshold: Defines the minimum delta value that will be plotted. - Customizable Colors: Allows you to set different colors for positive and negative delta circles. - **Lower Time Frame**: Scans data on a lower time frame for greater accuracy. Important Note on Data TradingView does not handle market depth data such as order book information. The volume delta calculation is an approximation based on the asset’s volume and price behavior. This means it does not precisely reflect the actual flow of buy or sell orders in the market, but rather an estimate derived from available data. Conclusion The **Volume Delta Filtered Overlay v1.1 by Ramtraderbook** is a visual tool that helps quickly identify significant buy or sell volume movements, making it ideal for strategies that rely on order flow analysis. However, it is recommended to combine it with other tools for a more comprehensive analysis.
Pine Script® indicator
by Ramtraderbook
Volume Delta Filtered v1.1 by RamtraderbookIndicator Explanation: Volume Delta_RTB (Filtered) General Description The Volume Delta_RTB (Filtered) indicator is designed to analyze the volume delta of a financial asset and highlight only significant changes based on a configured threshold. This indicator is useful for detecting moments when buying volume exceeds selling volume (or vice versa), providing a clear view of market pressure. What is Volume Delta? Volume delta measures the difference between buying and selling volume over a given time period. A positive delta indicates that buying prevails over selling, while a negative delta indicates the opposite. Indicator Inputs The indicator has several customizable parameters to suit the user’s needs: 1. Volume Delta Threshold - Allows you to set a minimum volume delta value. - Only indicator values that exceed this absolute delta threshold will be displayed. - Default value: 100,000. 2. Use of a Lower Time Frame - Option to analyze data from a lower time frame than the main chart. Operating Logic 1. Selection of the Lower Time Frame - The indicator scans data from a lower time frame to accurately calculate the volume delta. - By default, it automatically selects an appropriate lower time frame, though it can be set manually. 2. Calculation of Volume Delta - Using the `ta.requestVolumeDelta` function, the indicator calculates: - Volume delta at the start of the period (`openVolume`). - Maximum delta (`maxVolume`). - Minimum delta (`minVolume`). - Last recorded delta (`lastVolume`). 3. Filtering Values - If the absolute value of `lastVolume` (the last volume delta) is below the configured threshold (`deltaThreshold`), the data will not be displayed on the chart. - This allows the indicator to highlight only significant movements, avoiding unnecessary noise. 4. Visualization - Volume delta is represented by candles to facilitate interpretation: - Yellow candles for positive delta (buying prevails). - Pink candles for negative delta (selling prevails). - A horizontal line at `0` serves as a reference. - Colors can be configured as needed. 5. Data Validation - If the data provider does not provide volume information for the asset, the indicator will display an error message. Indicator Advantages - Efficient Filtering: Focus on the most relevant movements in terms of volume, ignoring small or insignificant values. - Adaptable: Offers customization options for both the delta threshold and the time frame. - Clear Visualization: Colored candles make it easier to spot dominant buying or selling trends. NOTE: - Estimated Delta Data: Since TradingView does not have access to market depth data or an exact breakdown of buying and selling volume, the delta calculations are approximations based on price and volume behavior. - Data Provider Dependency: Some assets or instruments may not have volume information available, limiting the indicator’s use.
Pine Script® indicator
by Ramtraderbook
Trend Heuristics (+Signals)Trend Heuristics - Enhanced Rolling VWAP with Smart Signals This indicator is an enhanced version of the Rolling VWAP (RVWAP) concept, originally based on PineCoders' ConditionalAverages library. It combines volume-weighted average price analysis with advanced signal detection for both sweeps and breakouts. Core Features 1. Rolling VWAP System - Implements a dynamic rolling VWAP that adapts to different timeframes - Includes standard deviation bands for volatility measurement - Offers flexible time period settings (fixed or auto-adjusting) - Provides customizable visual elements including bands and fills 2. Dual Signal System Sweep Signals Detects high-probability reversal points with these conditions: - Bullish Sweep: - Opens above upper band - Tests below upper band (low) - Closes above upper band - Shows stronger lower wick - Closes above previous high - Has favorable close position (upper 50% of candle) - Bearish Sweep: - Opens below lower band - Tests above lower band (high) - Closes below lower band - Shows stronger upper wick - Closes below previous low - Has favorable close position (lower 50% of candle) Breakout Signals Identifies potential trend changes with these conditions: - Bullish Breakout: - Opens below VWAP - Closes above upper band - Indicates strong momentum shift upward - Bearish Breakout: - Opens above VWAP - Closes below lower band - Indicates strong momentum shift downward Technical Details Base Components - Built upon PineCoders' ConditionalAverages library - Incorporates custom alert system via CustomAlertLib - Uses standard deviation for band calculations Customization Options - Adjustable standard deviation multiplier - Flexible time period settings - Independent controls for sweep and breakout signals - Customizable visual elements (colors, sizes, positions) - Custom alert message formatting Use Cases 1. Trend Following: - Use VWAP as dynamic support/resistance - Monitor breakout signals for trend changes 2. Mean Reversion: - Use sweep signals for counter-trend opportunities - Standard deviation bands for range identification 3. Volume Analysis: - VWAP provides volume-weighted price levels - Helps identify significant price levels Notes - Best performed on liquid instruments with consistent volume - Most effective on timeframes from 1hours to 4 hours and 1D, anything greater isn't very good - Recommended to use in conjunction with other technical analysis tools - Signals can be filtered based on higher timeframe trends Credits - Original Rolling VWAP concept by PineCoders
Pine Script® indicator
by mindyourbuisness
Dollar Volume DivergenceOverview The Dollar Volume Profile and Divergence Indicator is a comprehensive tool designed to analyze both standard volume and dollar volume activity in the market. It visualizes dollar volume (calculated as close * volume) and highlights divergences between dollar volume and standard volume, providing insights into underlying market dynamics that aren't immediately visible with traditional volume analysis. Key Features Dollar Volume Profile: Plots dollar volume as a histogram. Highlights high-dollar volume bars in green (indicating significant trading activity). Includes an optional average dollar volume line to show trends over time. Volume-Divergence Analysis: Calculates the difference (divergence) between dollar volume and standard volume. Displays positive divergence (dollar volume > standard volume) in green and negative divergence (dollar volume < standard volume) in red. Supports both histogram and boolean point visualization for divergence, offering flexibility in how the data is displayed. Customizable Visualization: Users can toggle between a Histogram or Boolean Points for divergence visualization. Option to enable or disable the dollar volume profile and its average line. Adjustable length parameter to fine-tune sensitivity for averages and divergences. Use Cases Volume Confirmation: Analyze whether dollar volume aligns with standard volume to confirm strong price movements. Divergence Detection: Identify areas where dollar volume and standard volume deviate, which may signal potential reversals or exhaustion in a trend. Market Strength Analysis: Assess the intensity of trading activity at specific price levels to determine key areas of interest. How It Works Dollar Volume Calculation: Dollar volume is derived by multiplying the close price by the volume for each bar. A moving average of dollar volume is used to determine relative activity levels. Divergence Calculation: The script calculates the difference between dollar volume and standard volume. Positive values indicate that dollar volume exceeds standard volume, suggesting institutional or larger-scale trades. Negative values highlight areas of lower dollar volume compared to standard volume. Visualization: The Dollar Volume Profile is displayed as a histogram, with high-dollar volume bars highlighted. Divergences are overlaid as either a histogram or triangle markers, depending on user preference. Average lines (optional) provide smoother trends for both dollar volume and divergence. Customization Options Length: Adjusts the period for moving average calculations. Plot Style: Choose between Histogram or Boolean Points for divergence visualization. Toggle Visibility: Enable or disable the Dollar Volume Profile and its average line for a cleaner chart. Why Use This Indicator? This indicator bridges the gap between traditional volume analysis and dollar volume analysis, offering deeper insights into market behavior. By combining these metrics, traders can detect nuanced patterns, validate trends, and identify divergences that may signal market turning points or continuation. Best Practices Use this indicator in conjunction with price action and other technical indicators for confirmation. Look for divergences in high-dollar volume areas to detect potential trend reversals. Analyze the interaction between the dollar volume profile and divergence histogram for a comprehensive view of market activity. Important Notice: Trading financial markets involves significant risk and may not be suitable for all investors. The use of technical indicators like this one does not guarantee profitable results. This indicator should not be used as a standalone analysis tool. It is essential to combine it with other forms of analysis, such as fundamental analysis, risk management strategies, and awareness of current market conditions. Always conduct thorough research or consult with a qualified financial advisor before making trading decisions. Past performance is not indicative of future results. Disclaimer: Trading financial instruments involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. This indicator is provided for informational and educational purposes only and should not be considered investment advice. Always conduct your own research and consult with a licensed financial professional before making any trading decisions. Note: The effectiveness of any technical indicator can vary based on market conditions and individual trading styles. It's crucial to test indicators thoroughly using historical data and possibly paper trading before applying them in live trading scenarios.
Pine Script® indicator
by DinoTradez