Downloading...
Download

Pricevolume

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
Price & Volume Profile (Expo)█ Overview The Price & Volume Profile provides a holistic perspective on market dynamics by simultaneously tracking price action and trading volume across a range of price levels. So it is not only a volume-based indicator but also a price-based one. In addition to illustrating volume distribution, it quantifies how frequently the price has fallen within a particular range, thus offering a holistic perspective on market dynamics. This unique and comprehensive approach to market analysis by considering both price action and trading volume, two crucial dimensions of market activity. Its distinctive methodology offers several advantages: Holistic Market View: By simultaneously tracking the frequency of specific price ranges (Price Profile) and the volume traded at those ranges (Volume Profile), this indicator provides a more complete picture of market behavior. It shows not only where the market is trading but also how much it's trading, reflecting both price acceptance levels and market participation intensity. Point of Control (POC): The POC, as highlighted by this indicator, serves as a significant reference point for traders. It identifies the price level with the highest trading activity, thus indicating a strong consensus among market participants about the asset's fair value. Observing how price interacts with the POC can offer valuable insights into market sentiment and potential trend reversals. Support and Resistance Levels: Price levels with high trading activity often act as support or resistance in future price movements. The indicator visually represents these levels, enabling traders to anticipate potential price reactions. Price Profile Price and Volume Profile █ Calculations The algorithm analyzes both trade frequency and volume across different price levels. It identifies these levels within the visible chart range, then examines each bar to determine if the selected price falls within these levels. If so, it increases a counter and adds the trading volume. This process repeats across the visible range and is visualized as a horizontal histogram, each bar representing a price level and the bar length reflecting trade frequency and volume. Additionally, it calculates the Point of Control (POC), signifying the price level with the highest activity. In summary: The histogram presents a dual perspective - not only the traded volume at each price level but also the frequency of the price hitting each range. The longer the bar, the more times the price has frequented that specific range, revealing key insights into price behavior and acceptance levels. These frequently visited areas often emerge as strong support or resistance zones, helping traders navigate market movements. Please note that the indicator adjusts to the visible price range, making it adaptable to changing market conditions. This dynamic analysis can provide more relevant and timely information than static indicators. █ How to use This indicator is beneficial for traders as it offers insights into the distribution of trading activity across different price levels. It helps identify key areas of support and resistance and gives a visual representation of market sentiment and liquidity. The point of control (POC) , which is the price level with the highest traded volume or frequency count, becomes even more crucial in this context. It marks the price at which the most trading activity occurred, signaling a strong consensus among market participants about the asset's fair value. If the market price deviates significantly from the POC, it could suggest an overbought or oversold condition, potentially leading to a price reversion. Fair Price Areas/gaps are specific price levels or zones where an asset has spent limited time in the past. These areas are considered interesting or significant because they may have an impact on future price action. Similar to the concept of fair value gaps, which refers to discrepancies between an asset's market price and its estimated intrinsic value, Fair Price Areas/gaps focus on price levels that have been relatively underutilized in terms of trading activity. When an asset's price reaches a Fair Price Area/gap, traders and investors pay attention because they expect the price to react in some way. The rationale behind this concept is that price tends to gravitate towards areas where it has spent less time in the past, as the market perceives them as significant levels. █ Settings The indicator is customizable, allowing users to define the number of price levels (rows), the offset, the data source, and whether to display volume or frequency count. It also adjusts dynamically to the visible price range on the chart, ensuring that the analysis remains relevant and timely with changing market conditions. Source: The price to use for the calculation. Typically, this is the closing price. By considering the user-selected Source (typically the closing price), the indicator determines the frequency with which the price lands within each designated price level (row) over the selected period. In essence, the indicator provides a count of bars where the Source price falls within each range, essentially creating a "Price Profile." Row Size: The number of price levels (rows) to divide the visible price range into. Display: Choose whether to display the number of bars ("Counter") or the total volume ("Volume") for each price level. Offset: The distance of the histogram from the price chart. Point of Control (POC): If enabled, the indicator will highlight the price level with the most activity. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. 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. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pine Script® indicator
by Zeiierman
26
Volume Price Balance by serkany88This idea has been in my mind for a while. We all know how important volume is to technical analysis but volume and price itself doesn't mean much when volatility and momentum of the current trend is not taken into account. With this oscillator we try to combine all these factors into one indicator and provide a simplified interpretation of this relationship with spread analysis. This indicator can be used in all timeframes but higher timeframes like 1 hour and above will provide most stable results. How it works? This oscillator tries to analyze volume spread along with price spread based on wyckoff methods and attains certain "strength value" for each candle and it's relationship with the volume. After this calculation preferably we remove detected rejection candles from overall calculation and draw them as plots. The multipliers of the strengths can be changed from the settings. Green Line Above Red Line = Bullish momentum stronger Red Line Above Green Line = Bearish momentum stronger Top circles mean possible bullish reversal candle detected. Gray is weak, White is normal and Red top circle means strong possible reversal detected. Bottom circles mean possible bearish reversal candle detected. Gray is weak, White is normal and Green bottom circle means strong possible reversal detected. Let's check the example below As you can see we see a green dot appear in a somewhat weakening bullish momentum, this can mean possible reversal can happen soon and it does. Below is a bearish example In this example we see a possible strong reversal signal in a increasing bullish momentum and the price reacts immediately after the candle. We also have a table that shows the current non-smoothed result of trend strength based on calculated price-volume spread at top right of the oscillator.
Pine Script® indicator
by serkany88
16
VOLUME HIGHLIGHTER PANEL (CUSTOM) [MaestroTrader]█ OVERVIEW Volume highlighter panel provides volume insights to identify gradual increase or drop in volume or sudden volume urge that exceeds daily threshold. It helps to determine the price behavior of the underlying Index/stock to make informed decisions while trading. █ FEATURES a) Displays Live SMA (20) Volume with color code. SMA Cells turns green if consecutive bar volume increases. b) Live Volume Cell in table turns green if the volume is above average and turns red vice versa. c) Threshold volume label appears when volume crosses the daily threshold limit. Differences with the built-in version This variation displays volume panel with additional volume insights for quick entry/exits. █ SETTINGS • Highlight Panel a) Configure Daily Volume Threshold b) configure Market session time c) Toggle highlighter on/Off d) Toggle Time on/Off (off) displays for whole period • Volume Panel a) Configure SMA b) configure volume bar criteria c) configure Panel Display Location d) Toggle Volume Panel on/Off █ IMPORTANT Price always moves from trending to trading phase. Volume in Trending phase is generally high compared to volume in sideways phase. You need to identify the right volume threshold in each of the trading phases and change the settings accordingly. █ BANKNIFTY /NIFTY VOLUME SETTINGS BANKNIFTY - 3 MIN -50K volume NIFTY - 3 MIN 125 K volume Thanks to OSPL Siva for Nifty/Bank Nifty volumes. These volumes differ from trending phase & consolidation phase so adjust the threshold settings accordingly. █ THANKS Thanks a lot to Pine Team for this new great feature table & ‘ format. Volume ’ ! Thanks to @author=LucF, for the 'volume' logic. █ DISCLIAMER Indicator is built for educational purposes. Please test it thoroughly before you start using it. You are free to use the code, please share the credit for reuse. Hope - All these features help you get quick insights of the price movement to take the informed trades. Happy Trading !!
Pine Script® indicator
by MaestroTrader
3
Freedom of MovementFreedom of Movement Indicator --------------------------------------------------------- In “Evidence-Based Support & Resistance” article, author Melvin Dickover introduces two new indicators to help traders note support and resistance areas by identifying supply and demand pools. Here you can find the support-resistance technical indicator called "Freedom of Movement". The indicator takes into account price-volume behavior in order to detect points where movement of price is suddenly restricted, the possible supply and demand pools. These points are also marked by Defended Price Lines (DPLs). DPLs are horizontal lines that run across the chart at levels defined by following conditions: * Overlapping bars: If the indicator spike (i.e., indicator is above 2.0 or a custom value) corresponds to a price bar overlapping the previous one, the previous close can be used as the DPL value. * Very large bars: If the indicator spike corresponds to a price bar of a large size, use its close price as the DPL value. * Gapping bars: If the indicator spike corresponds to a price bar gapping from the previous bar, the DPL value will depend on the gap size. Small gaps can be ignored: the author suggests using the previous close as the DPL value. When the gap is big, the close of the latter bar is used instead. * Clustering spikes: If the indicator spikes come in clusters, use the extreme close or open price of the bar corresponding to the last or next to last spike in cluster. DPLs can be used as support and resistance levels. In order confirm and refine them, FoM (Freedom of Movement) is used along with the Relative Volume Indicator (RVI), which you can find here: Clustering spikes provide the strongest DPLs while isolated spikes can be used to confirm and refine those provided by the RVI. Coincidence of spikes of the two indicator can be considered a sign of greater strength of the DPL. More info: S&C magazine, April 2014.
Pine Script® indicator
by starbolt
8