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Volume-weighted

OBVX Conviction Bias🧮 The OBVX Conviction Bias overlay tracks the flow of directional volume using the classic On-Balance Volume calculation, then filters it through a layered moving average system to expose crowd commitment , pressure transitions , and momentum fatigue . The tool applies two smoothed averages to the OBV line—a fast curve and a longer-term baseline scaled using Euler’s constant (2.718)—and visualizes their relationship using a color-coded crossover ribbon and pressure fills. When used correctly, it reveals whether a move is being supported by meaningful volume, or whether the crowd is starting to disengage. 🚦 The core signal compares OBV to its fast moving average. When OBV climbs above the short average, it fills green—suggesting real directional effort. When OBV sinks below, the fill turns maroon—flagging fading conviction or pullback potential. A second fill between the short and long OBV moving averages captures the broader trend of volume intention. If the short is above the long, this space fills greenish, showing constructive pressure. If it flips, the fill fades red, signaling crowd hesitation, rotation, or early exhaustion. ⚖️ All smoothing is user-selectable, defaulting to VWMA for effort-sensitive structure. The long-term average is auto-scaled using the natural exponential multiplier (2.718), offering rhythm that reflects the curve of participation. OBVX Conviction Bias isn’t trying to predict—it’s trying to show you where the crowd is leaning , and whether that lean is gaining traction or losing strength. 🧐  Ideal Use-Cases: • Detect divergence between volume flow and price action • Confirm breakout validity with volume alignment • Fade breakouts where OBV fails to follow through • Time pullback entries when OBV pressure resumes in trend direction 🍷  Recommended Pairings: • ZVOL to measure whether volume is statistically significant or just noise (as shown) • RVOL Effort Matrix to validate crowd effort by tier and structure zone • SUPeR TReND 2.718 and/or MA Ribbons for directional confluence • ATR Turbulence to track volatility-phase alignment with volume intention
Pine Script® indicator
by TheLeadingIndicator
Volume-Weighted Supertrend Strategy [wbburgin]This is a script that can be used as a strategy or a standalone indicator. The Volume-Weighted Supertrend is a supertrend based on a rolling VWAP, instead of a normal price source. The strategy has two components - a supertrend based off of this VWAP (shown on the chart) and a supertrend from volume itself (not plotted on the chart directly). The supertrend from volume is an example of my "Supertrend Any Source" indicator, where a custom ATR is created from non-OHLC data; this is available as both a separate public script and also in my "wbburgin_utils" library for you to use in your own script creation. The supertrend from volume acts as a confirmation filter for the VWAP-supertrend shown on-chart. If the volume supertrend is trending up and the VWAP-based supertrend is also trending up, a buy signal is generated. Likewise, if the volume supertrend is trending down and the VWAP-supertrend is trending down, a sell signal is generated. The colors are based off of whether both supertrends are trending up or down: green for both up, blue for only price up, orange for only price down, and red for both down. The settings enable you to change the volume length and the ATR length separately, as well as the multiplier and the source for the price supertrend. If you load the indicator for the first time and see no entries and exits, this is because "Show Strategy Entries and Exits" is disabled in the settings. This is if you plan on using the strategy as an indicator and don't want to be bothered by the entry and exit symbols on the chart. Additionally, for those who like clean charts (like me), you can turn all the labels off in the settings, as well as the highlighting. My default strategy settings for the strategy results shown below are as follows: 5% equity per trade, 5 degrees of pyramiding, commissions of 0.08% per trade. This strategy doesn't come with stops yet, so please be aware of that before using it to trade - I highly suggest you create your own stops based off of your R/R ratio and personal risk tolerance. Additionally, it works best on trending assets (b/c of the supertrends) with high volume. This might mean it does not work as well on lower timeframes.
Pine Script® strategy
by wbburgin
3
Volume-Weighted Indicators VWMA/VWAP/EMA_by WWAs traders and investors now urge to console volume factors into their price action analysis. This script is an attempt to combine volume-weighted moving average (VWMA), volume-weighted average price (VWAP), along with the exponential moving average (EMA). I have found that this indicator works quite well with the stock market. How to use the indicator: Buy when the VWAP and EMA lines crossing up VWMA. Sell when the VWAP and EMA crossing down each other OR both VWAP and EMA crossing down VWAP Any modificatio is welcomed, but please let me know.
Pine Script® indicator
by WANDI87
1
Volume Weighted DistanceThis script holds several useful functions from statistics and machine learning (ML) and takes measurement of a volume weighted distance in order to identify local trends. It attempts at applying ML techniques to time series processing, shows how different distance measures behave and gives you an arsenal of tools for your endeavors. Tested with BTCUSD. REM: oddly enough, many people forget that the scripts in PS are generally just STUDIES, i.e. exercises, experiments, trials, and do not embody a final solution. Please treat them as intended ;))
Pine Script® indicator
by capissimo
2
Multi-TF Avg BBandsMULTI-TF AVERAGE BBANDS - with signals (BETA) Overall, it shows where the price has support and resistance, when it's breaking through, and when its relatively low/high based on the magic of standard deviation. created by gamazama. send me a shout if u find this useful, or if you create something cool with it. %BB: The price's position in the boilinger band is converted to a range from 0-1. The midpoint is at 0.5 Description of parameters "BB:Window Length" is the standard BB size of 20 candles. The indicator plots up to 7 different %BB's on different timescales They are calculated independently of the timescale you are viewing eg 12h, 3d, 30m will be the same output You can enter 7 timescales, eg. if you want to plot a range of bbands of the 12h up to 3d graphs, enter values between 0.5 and 3 (days) - you can also select 0 to disable and use less timescales, or select hours or minutes Take note if you eg. double the main multiplier to 40, it is the same as doubling all your timescales You can turn the transparency of the 7 x %BB's to 100 to hide them, their average is plotted as a thick cyan line "Variance" is a measure of how much the 7 BB's agree, and changes colour based on the thresholds used for the strategy ---- TO START FROM SCRATCH ---- - set all except one to ZERO (0), set to 0, and everything after to 0. Turn ON and right click -> move the indicator to a new pane - this will show you the internal workings of the indicator. Then there is a few standard settings "Source Smoothing Amount" applies a basic small sma on the price. It should be turned down when viewing candles with less information, like 1D or more. Standard BBands use an SMA, there one uses a blend between VWMA or SMA Volume Weight settings, the same as SMA at 0, and the same as VWMA at 1 BB^2 is a bband drawn around the average %BB. Adjust the to change its window length The BB^2 changes color when price moves up or down Now its time to look at the parameters which affect the buy/sell signals turn on "show signal range" - you see some red lines buy and sell each have 4 settings min/max variance will affect the brigtness of the signal range range adjust will move the range up/down mix BB^2 blends between a straight line (0) and BB^2's top or bottom (1) a threshold of "variance" and "h/l points" is available to generate weaker signals. these thresholds can be increased to show more weak signals ONCE YOU ARE HAPPY WITH THE SIGNALS being generated, you can turn OFF , and move it back to the price pane the indicator then draws a bband around the price to maps some info into the chart: fills a colour between 0.5 & the mid BB^2 and converts relative to the price chart draws a line in the middle of the midband. controls how much these lines diverge from the price - adjust it to reduce noise converts the signal range (red lines) to be relative to the price chart if you like, you can adjust the sell & buy signals in the tab from and to and to match the picture. It messes with auto-scaling when moving back to though enjoy, I hope that is easy enough to understand, still trying to make this more user-friendly. If you want to send me some token of appreciation - btc: 33c2oiCW8Fnsy41Y8z2jAPzY8trnqr5cFu I promise it will put a fat smile on my face
Pine Script® indicator
by gamazama
4
BTC World Price: Multi-Exchange VWAPBTC World Price: Multi-Exchange VWAP __________________________ WHAT IT DOES What you see above are not Bitmex candles, but this indicator's. Bitcoin is listed on multiple exchanges. Many people have called for a single global index that would quote BTC price and volume across all exchanges: this script is such a virtual aggregate (formerly: Multi-Listed , Volume-Weighted Average Price ). It will, independently for each tick, for any time-frame: - Quote the price (O, H, L, C) and volume from Bitfinex (USD), Binance (USDT), bitFlyer (Yen), Bithumb (S. Korean Won), Coinbase (USD), Kraken (EUR) and even Bitmex (USD Contracts). - Weight each price with the corresponding volume of the exchange. - Quote the FOREX conversion rate in USD for each currency (USDJPY etc.) - Finally return global average price (candles) in USD. - Additionally provide (H+L)/2 etc. values. No more "on Coinbase this" or "on Bitstamp that", you've now got a global overview! See CoinMarketCap: Markets for reference. I've included alternative exchanges in the comments at the top of the script. __________________________ HOW TO USE IT Basically just add it to your chart and use the indicator's candles instead of the chart's main ticker. By default, BTC World Price will display candles only, but you can also display OHLC & averages (in whichever style you want). You may indeed want to hide the main symbol (top-left corner, click the 'eye' button next to its name), or switch it to something else than candles/bars (e.g. line). Make sure "Scale Price Chart Only" is disabled if you want to use the auto-zoom feature. (if other indicators are messing your zoom, you can try to select "Line with Breaks" or "Area with Breaks" to allow these to overflow from the main window) By clicking the triangle next to the indicator's name, you can select "Visual Order" (e.g "Bring to Front"). You can select regular Candles or Heikin-Ashi in Options. In the Format > Inputs tab, you can select which exchanges to quote. By default, all of them are enabled. The script also exposes the following typical values to the backend, which you can use as Price Source for other indicators: (e.g. MA, RSI, in their "Format > Input" tab) Open Price (grey) High Price (green) Low Price (red) Close Price (white) (H + L)/2 (light blue) (H + L + C)/3 (blue) (O + H + L + C)/4 (purple) They are all hidden by default (by means of maximum transparency). In the Format > Style tab, you can change their color, transparency and style (line, area, etc), as well as uncheck Candles and Wicks to hide these. If you are using "Indicator Last Value" and want to clear the clutter from all these values, simply uncheck them in Style. They will still be available as Price Source for other indicators. You can also choose to scale it to the left, right (default) or "screen" (no scaling). Once you're satisfied with your Style, you may click "Default"> "Save as default" in the botton-left. Everytime you load the indicator, it will look the same. ("Reset Settings" will reset to the script's defaults) __________________________ Please leave feedback below in comments or pm me directly for bugs and suggestions.
Pine Script® indicator
by PhiChris
3
Volume Price Spread Analysis 2With the same idea of the VPSA i make the VPSA2 to make Heiken Ashi style synthetic graph of the price and the volume effect, its easy to see the volume trends. Each instrument have a more clear time frame to see the volume patterns. I see very useful like a secondary analysis layer. in the graph show the same RSI with price and VPSA2 like source. Can use others indicators over the VPSA, only write in CAPITAL letters open, high, low, close or hl2 at inputs section. Ideas, corrections & comments. They are always welcome.
Pine Script® indicator
by eldeivit
7
Volume Weighted Market Mean 3.0 [Dia]150924 - v3.0 This script is a complete rewrite of the previous version here . It gathers market data from up to 8 different Bitcoin exchange pairs (8 is maximum due to script limitations).The influence of each single exchange can be customized individually, default is 50% for 0-fee exchanges, 10% for futures and 100% for all others. For each single exchange a standard deviation from the composite mean price and a average price range are determined. To make data from exchanges with different liquidity comparable, all single exchange price ranges are normalized to the range of the composite mean price. To make data from exchanges with different fee structure (= exchanges that constantly trade at a premium / discount) comparable, all single exchange prices are corrected by their respective standard deviations. To account for trade volume, all price data is weighted by the current candles volume. - optional Heikin Ashi candle display - optional EMAs - lots of switches to play around with ;-)
Pine Script® indicator
by Diabolicus
1