Bondar Drive v2.1Title: Bondar Drive v2.1 — Real-time print and delta tick volume visualization
Description:
Bondar Drive v2.1 is a tool for visualizing real-time order flow data. It highlights price movements and volume deltas in an intuitive, easy-to-read format. Indicator can be used in conjunction with the Anchored Volume Profile and Volume Footprint (Type: Total).
Features:
Real-Time Print Visualization:
Displays order flow prints with delta colors for buy/sell dominance.
Adjustable size and transparency for varying order thresholds.
Volume Delta Analysis:
Categorizes orders into Tiny, Small, Session, Large, and Huge based on user-defined thresholds.
Provides a tooltip showing order time and price.
Customizable Time Range:
Keeps prints visible for a specified duration (in seconds).
Flexible User Inputs:
Adjustable time zones, print sizes, starting bar index, and volume thresholds.
Visual Enhancements:
Line connections between prints show progression of orders and market direction.
How It Works:
The indicator gathers volume delta and price data in real time.
It dynamically displays circular labels with varying sizes and colors, reflecting the size and type of orders. Labels and lines are automatically removed after the specified time range, ensuring a clean and uncluttered chart.
Customization Options:
Number of Prints: Control how many prints are displayed.
Order Size Filters: Exclude small trades to highlight significant orders.
Color Options: Customize print colors, text, and connecting lines.
Time Offset: Adjust for your local time zone.
Use Cases:
Identify order flow imbalances and price levels dominated by buyers or sellers.
Track the progression of large orders for better trade execution.
Spot market reversals and momentum shifts using real-time prints and delta.
In den Scripts nach "volume profile" suchen
Bull Bear Candles with Volume ProfileUser Guide for Bull Bear Candles Indicator with Keltner Channels
Author: NellyN
Introduction
This indicator helps identify potential bullish and bearish trends in the market by analyzing buying and selling volume over two configurable timeframes. It calculates the percentage of buying and selling volume and displays the current market condition based on two moving averages for 2 periods.
Key Features
• Volume Analysis : Calculates Buy and Sell Volume for two configurable timeframes (e.g., 5 min, 15 min, 15 min. and 1 hour, etc.) and displays them as percentages.
• Moving Averages : Uses one Moving Average (MA) for two different time periods to identify trends (uptrend when shorter-term MA is above longer-term MA). You can also choose other Moving Average types like SMA, EMA, WMA, RMA, VWMA, or HMA.
• Colored Candles : Candles are colored green for bullish conditions, red for bearish conditions, and gray for neutral conditions.
• Market Condition Labels : Displays labels in table-view indicating the current market condition based on Buy and Sell Volume (Very Bullish, Very Bearish, Bullish/Bearish Retracement, Chop).
• Alerts: Generates alerts for potential buy and sell signals based on indicator conditions (Note: Enable alerts in the indicator settings).
• Visual Signals: Provides visual signals through colored candles and market condition labels in addition to alerts.
Input Parameters
• Source: Close price (default) or Heikin Ashi
• Timeframe: Select the timeframe for price and volume data used in the indicator (e.g., Daily, Hourly).
• Colored Candles On: Enable (True) or disable (False) coloring candles based on market conditions.
• Enable Alerts: Enable (True) or disable (False) alerts for buy/sell signals.
• Length of MA: Sets the length for the MAs used in trend identification (minimum 1).
• Lookback Period Vol. 1 & 2: Define the timeframes used to calculate buying and selling volume and the MA calculation (e.g., 5 min, 15 min).
Understanding the Outputs
• Cloud Fill: The area between two MAs is filled with a color that reflects the trend (green for uptrend, red for downtrend).
• Table: Shows Buy Volume, Sell Volume, Buy Percentage, Sell Percentage, and the current Market Condition Labels. (If you decide to see them uncomment them from the code simply removing the // in front of the code)
• Colored Candles and Market Condition Labels: Look for green candles and bullish labels for potential buying opportunities, and vice versa for red candles and bearish labels.
Bullish green label appears when short-term MA is above long-term MA AND Buy Volume percentage is greater than 50%.
Red cross for exiting long entry appears when we have bearish volume OR bearish crossover of the MA for the 2 periods.
Bearish red label appears when short-term MA is below long-term MA AND Buy Volume percentage is less than 50%.
Green cross for exiting short entry appears when we have bullish volume OR bullish crossover of the MA for the 2 periods.
• Bullish/Bearish Retracement: The moving averages indicate a potential trend reversal, while the Buy Volume percentage suggests a continuation of the prior trend. The candle color may be green, red, or gray depending on the current price position relative to the moving averages.
• Chop (Gray Candle): The moving averages are flat and the Buy Volume percentage is not significantly above or below 50%.
• Buy/Sell Alerts: The indicator generates alerts based on specific conditions, but these should be used in conjunction with other trading strategies and careful risk management.
Important Notes
• This indicator is for informational purposes only and should not be considered financial advice. Back-test the indicator with historical data to understand its performance before using it for live trading.
• Combine this indicator with other technical analysis tools.
Trend_Prime_MasterTrend_Prime_Master is a trend-following indicator designed to help traders identify potential buy and sell signals with enhanced clarity and reliability. This indicator integrates multiple technical analysis tools into a cohesive system, maximizing their individual strengths to offer traders a comprehensive view of market trends. With its advanced blend of market structure analysis, multiple EMAs, custom volume and momentum indicators, and multi-timeframe trend confirmation, Trend_Prime_Master is tailored to navigate the complexities of financial markets.
Core Features
Trend_Prime_Master offers a suite of features that provide in-depth analysis and actionable insights into market trends:
Multi-Timeframe Trend Analysis: This feature ensures that the signals you act on are aligned with broader market trends by filtering and confirming them across various timeframes. By aligning your trades with the larger market direction, you improve the overall consistency of your trading decisions.
Sophisticated Signal Generation: Signals are generated based on a confluence of technical conditions, including Exponential Moving Average (EMA) crossovers and custom momentum indicators. This multi-layered approach helps focus on signals that have strong backing from market conditions, thereby increasing the reliability of trading decisions.
Color-Changing Trend Line: The trend line changes color based on the market's current direction, providing a quick visual cue for traders. Green indicates a bullish trend, while red signals a bearish trend. This feature simplifies the process of identifying trends, allowing traders to make informed decisions at a glance.
Adaptive Lines: The adaptive lines in Trend_Prime_Master adjust dynamically based on market conditions. These lines provide a more responsive view of the trend compared to static moving averages, particularly useful in volatile markets.
Short Trend Lines: In addition to the main trend line, Trend_Prime_Master includes short trend lines that focus on immediate market movements. These lines are based on shorter EMAs and offer additional layers of trend confirmation, particularly in fast-moving markets.
Custom Volume and Momentum Indicators: These advanced tools validate the strength of trends by assessing the underlying market pressure and the speed of price movements, ensuring that signals are supported by substantial market activity.
Heikin Ashi Integration: Heikin Ashi candles are used to smooth out price data, reducing noise and providing a clearer view of the underlying trend. This integration enhances the clarity and reliability of the signals, making it easier to follow the trend and make informed decisions.
CHoCH (Change of Character): CHoCH is a critical component in understanding market structure changes. It occurs when the market shows a significant shift in behavior, such as moving from a trending phase to a consolidation phase, or vice versa. Trend_Prime_Master automatically detects and labels CHoCH on the chart, helping traders anticipate potential reversals or shifts in market momentum.
Detailed Component Explanations
Every component in Trend_Prime_Master has been carefully selected and integrated to enhance the overall performance of the indicator. Here’s a detailed explanation of how these components work together:
EMA Combinations for Trend Identification: Trend_Prime_Master utilizes multiple EMAs with different periods to capture both short-term and long-term trends. By analyzing the relationship between faster and slower EMAs, the indicator identifies potential trend reversals and continuations. The combination of multiple EMAs helps in smoothing out price data, reducing noise, and providing a more accurate depiction of the trend.
Adaptive Lines: The adaptive lines in Trend_Prime_Master adjust dynamically based on changing market conditions. Unlike static moving averages, which use a fixed calculation period, adaptive lines recalibrate themselves to respond more effectively to shifts in market momentum. This allows traders to capture emerging trends more quickly and avoid the lag associated with traditional moving averages.
Short Trend Lines: Short trend lines are calculated using faster EMAs and are designed to highlight immediate market trends. These lines are particularly useful for traders who focus on short-term market movements, providing early indications of potential trend reversals or continuations. By combining short trend lines with longer EMAs, Trend_Prime_Master offers a multi-layered approach to trend analysis, ensuring that both short-term and long-term perspectives are considered.
Point of Control (POC):
The Point of Control (POC) is a key concept in volume profile analysis that represents the price level with the highest traded volume over a specific period. In Trend_Prime_Master, the POC line is automatically calculated and plotted on the chart. This level is crucial because it often acts as a significant support or resistance level, where price tends to gravitate towards or bounce off. By incorporating the POC, Trend_Prime_Master enhances your ability to identify critical price levels that are likely to influence future price movements.
The POC works synergistically with other components like EMAs and custom momentum indicators by confirming whether these technical signals align with high-volume price levels. For instance, a buy signal near the POC might suggest a strong support level, making the trade more likely to succeed, while a sell signal below the POC could indicate a potential breakout or continuation of a downtrend.
Break of Structure (BOS): BOS is a crucial concept in market structure analysis that indicates a significant change in market behavior. It occurs when the market breaks a previous high or low, suggesting a potential reversal or continuation of the trend. In Trend_Prime_Master, BOS is used to identify these critical moments, helping traders anticipate major market moves. BOS works in conjunction with other signals, such as EMA crossovers and trend line changes, to provide a comprehensive picture of the market's direction.
CHoCH (Change of Character): CHoCH refers to a sudden and significant shift in market behavior, often signaling a change from a trending market to a ranging one, or vice versa. This concept is crucial for traders who need to adjust their strategies based on the market’s current phase. Trend_Prime_Master automatically detects CHoCH moments and marks them on the chart, allowing traders to adapt their strategies promptly and effectively.
Custom Volume and Momentum Indicators: These custom indicators in Trend_Prime_Master go beyond standard tools by incorporating advanced calculations that consider both the direction and intensity of market moves. These indicators help validate the strength of a trend, ensuring that traders act on signals backed by strong market activity. This allows for a more nuanced view of trend strength, supporting better trading decisions.
Color-Changing Trend Line: This visual tool is not just a simple trend line; it dynamically adjusts its color based on the current trend direction, providing an immediate visual representation of the market’s state. When combined with other components like BOS and custom volume indicators, the color-changing trend line helps traders quickly assess whether the current market conditions favor a particular trade, reducing the cognitive load on traders and enabling faster decision-making.
Multi-Timeframe Filters: These filters ensure that the signals generated on a lower timeframe are consistent with the trends observed on higher timeframes. A signal is only considered valid if it aligns across these multiple timeframes, ensuring that your trades are supported by the broader market context.
Heikin Ashi Smoothing: Heikin Ashi candles are incorporated into Trend_Prime_Master to smooth out noise in price data. These candles average out price movements, making it easier to identify the underlying trend without being distracted by minor fluctuations. This smoothing effect is particularly useful in volatile markets, where traditional candlesticks might present a confusing picture of market behavior.
How It Works
Trend_Prime_Master integrates these tools into a cohesive system designed to provide clear and actionable insights into market trends:
EMA-Based Trend Identification: By analyzing multiple EMAs, Trend_Prime_Master identifies the prevailing market trend and potential reversals. This process involves comparing the positions of faster and slower EMAs to detect crossovers, which are key signals for trend changes.
Adaptive Lines: These lines adjust in real-time to reflect the current market conditions. They offer a more responsive trend-following approach compared to traditional moving averages, making them particularly useful in volatile or rapidly changing markets.
Short Trend Lines: These lines focus on short-term market trends, providing early signals of potential reversals or continuations. By tracking immediate price movements, short trend lines help traders respond quickly to market changes, offering a valuable perspective in fast-moving markets.
Point of Control (POC):The POC represents the price level with the highest traded volume over a specific period. In Trend_Prime_Master, the POC is plotted to help traders identify key levels where the market has shown significant interest. These levels often act as strong support or resistance and can be crucial in determining the validity of a trend. For instance, a signal near the POC might indicate a more reliable setup, as it shows that the price is aligning with a major volume level.
Break of Structure (BOS): BOS plays a pivotal role in confirming trend reversals. When the price breaks a significant structure, such as a previous high or low, it suggests that the market may be shifting direction. This is particularly important for traders looking to enter the market at the beginning of a new trend.
CHoCH (Change of Character): CHoCH is critical for recognizing shifts in market phases. For example, a CHoCH might indicate that a market is moving from a trend into a consolidation phase, or vice versa. By identifying these changes early, Trend_Prime_Master allows traders to adjust their strategies accordingly, whether that means tightening stop-losses in a trending market or preparing for breakout trades in a consolidating one.
Custom Volume and Momentum Confirmation: These custom indicators add an extra layer of validation to the signals generated by Trend_Prime_Master. By confirming that there is strong market participation and momentum behind a move, these indicators help ensure that traders are acting on signals supported by robust market activity.
Color-Changing Trend Line: This feature provides an easy-to-understand visual representation of the market's direction, changing color based on whether the market is in a bullish or bearish phase. It works in tandem with other components like EMAs and custom volume indicators to give traders a quick, comprehensive view of market conditions.
Settings
• Trading Style: Select the trading style that best suits your strategy (Short, Medium, Long, HTSpecial, Standard). This setting adjusts the parameters of the EMAs and other components to align with different timeframes, ensuring that the indicator is tuned to the specific market conditions you're trading in.
• Show Possible Signals: Toggle this setting to enable or disable the display of possible buy and sell signals. This allows traders to focus on confirmed signals or to see potential opportunities as they develop.
• Possible Signals Filter: If you wish to filter possible signals based on a higher timeframe trend, enable this option and select the appropriate higher timeframe. This helps ensure that the signals you act upon are in sync with broader market trends, reducing the risk of counter-trend trades.
Colors for Signals and Moving Averages:
• Customize the colors for bullish, bearish, and neutral signals, as well as for the various moving averages. This allows traders to personalize the visual aspects of the indicator, making it easier to interpret signals at a glance.
Trend Line Settings:
• Adaptive Line: Toggle to enable or disable the adaptive trend line, which adjusts dynamically based on market conditions. The line changes color to reflect the current trend direction, providing a quick visual cue.
• Short Trend Lines: Enable this option to display shorter-term trend lines. These lines help in identifying immediate market movements and can be particularly useful for short-term traders.
• Length and Smoothing: Adjust the length and smoothing parameters for the trend lines to fine-tune how responsive they are to price changes.
Point of Control (POC) Settings:
• Show POC Line: Toggle this setting to display the POC on your chart. The POC is a critical level where the most volume has been traded, and it often acts as a significant support or resistance level.
• POC Color and Width: Customize the color and width of the POC line to make it stand out or blend in with your other chart elements, depending on your preference.
Why It's Worth Paying For
Trend_Prime_Master provides several unique advantages that make it a valuable tool for traders:
Comprehensive Market Analysis: By integrating multiple technical analysis tools, Trend_Prime_Master provides a holistic view of market trends, helping you make more informed decisions.
Customization and Flexibility: The indicator’s settings can be easily adjusted to suit your trading style, whether you’re focusing on short-term trades or long-term investments.
Reliable Signal Generation: The multi-layered approach—combining EMAs, custom volume indicators, and trend lines—minimizes the likelihood of weak signals, enhancing your trading process.
Advanced Features: Features like multi-timeframe analysis, Heikin Ashi smoothing, and the color-changing trend line provide insights that are not typically found in other indicators, giving you a trading edge.
Enhanced Market Understanding: The ability to detect and act on changes in trend strength and momentum helps you develop a deeper understanding of market dynamics.
Consistency Across Markets: Trend_Prime_Master is designed to perform reliably across various market conditions, making it a versatile tool in any trading environment.
User-Friendly Interface: Despite its advanced capabilities, the indicator is easy to use, making it accessible to traders of all experience levels.
Ongoing Support and Updates: As a user of Trend_Prime_Master, you receive ongoing support and regular updates to keep the indicator effective and up-to-date with the latest market trends and techniques.
Risk Disclaimer
While Trend_Prime_Master is designed to deliver robust trading signals, it’s important to maintain realistic expectations:
Performance: The indicator is based on solid technical analysis principles, but it cannot predict the future or guarantee success. It should be used as part of a comprehensive trading strategy that includes effective risk management.
Signal Reliability: The signals generated are based on historical data and trends. While they are designed to be consistent with market conditions, they cannot guarantee future outcomes. Always be prepared for unexpected market changes.
Market Conditions: Trend_Prime_Master excels in trending markets but, like any tool, its effectiveness may vary in choppy or highly volatile conditions. Adjusting the settings and strategy according to the market environment is recommended.
How to Get Access
To gain access to Trend_Prime_Master, please send me a direct message on TradingView or use the provided link to request access. Ensure that access requests are made privately so the comments section can remain focused on discussions related to the script’s performance and use.
TrendScope:TrendScope Indicator Description with First-Time User Tutorial
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Overview:
The TrendScope indicator is designed to give traders a comprehensive view of the market by combining multiple filter sets that analyze different aspects of price action. The filter sets allow you to switch between different views effortlessly and avoid indicator clutter. Whether you're scalping, swing trading, or identifying breakout opportunities, TrendScope helps you make informed decisions by assessing momentum, volatility, trade timing, and trend direction. It also includes a scalp setup you can use to execute trades and manage risk.
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TrendScope Filter Sets with First-Time User Setup & Tutorial
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Filter Set A: Short-Term Momentum
Goal:
This filter focuses on the immediate market sentiment without any additional indicators. It reveals where retail traders might enter the market, potentially highlighting areas where they could be stopped out. The goal is to identify these weak spots and anticipate likely price movements that could follow.
No Additional Indicators Required:
This filter set uses moving averages (SMA 20, SMA 50, SMA 100) to determine the short-term trend.
Tutorial:
- To Confirm an Uptrend: Ensure all moving averages are aligned in sequence: SMA 20 above SMA 50, and SMA 50 above SMA 100, all trending upwards.
Action: Consider going long using the scalper in Filter Set D.
- To Confirm a Downtrend: Ensure all moving averages are aligned in sequence: SMA 20 below SMA 50, and SMA 50 below SMA 100, all trending downwards.
Action: Consider going short using the scalper in Filter Set D.
- To Confirm Consolidation: If the moving averages are not aligned or are intertwined, the market is either about to or already trending sideways. The market is in a consolidation phase.
Action: Switch to Filter Set C for further analysis.
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Filter Set B: Long-Term Momentum
Goal:
Similar to the short-term filter, but with a broader perspective. It helps in understanding the bigger picture, providing insights into longer-term trends and potential reversals for swing trade entries.
No Additional Indicators Required:
This filter set uses moving averages (SMA 20, SMA 100, SMA 200) to determine the long-term trend.
Tutorial:
- To Confirm an Uptrend: Ensure all moving averages are aligned in sequence: SMA 20 above SMA 100, and SMA 100 above SMA 200, all trending upwards.
Action: Consider going long using the scalper in Filter Set D.
- To Confirm a Downtrend: Ensure all moving averages are aligned in sequence: SMA 20 below SMA 100, and SMA 100 below SMA 200, all trending downwards.
Action: Consider going short using the scalper in Filter Set D.
- To Confirm Consolidation: If the moving averages are not aligned or are intertwined, the market is either about to or already trending sideways. The market is in a consolidation phase.
Action: Switch to Filter Set C for further analysis.
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Filter Set C: Trading Range
This filter uses Bollinger Bands, Volume, and Volume-Weighted Relative Volume Profile (VRVP) to identify trading ranges and predict breakouts and trade timing. In short, when Bollinger Bands contract and volume is below average, the VRVP highlights low-volume areas that can serve as breakout targets, offering a timing edge.
Goal:
Anticipate breakouts in a sideways market.
Additional Indicators Required:
- VRVP: For visualizing volume at specific price levels.
- Volume Indicator: With a 100-period moving average for anticipating low market participation.
Tutorial:
1. Setup Screen: Zoom out to see the entire consolidation phase.
2. Identify Support & Resistance:
- Use VRVP to determine VAH (upper range) and VAL (lower range) support or resistance levels.
- Identify the POC (Point of Control) as the area with the highest support or resistance.
3. Wait for Setup:
- Wait for Bollinger Bands to contract and volume to dip below the average.
- Go short if the price is at VAH, go long if the price is at VAL.
4. Action: Switch to Filter Set D for precise entry, target, and risk management.
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Filter Set D: Scalper
After determining the market condition using the previous filter sets, you can use this filter set to hunt for trades. Designed for use with Heikin Ashi candles, this filter allows you to enter when there’s high momentum and provides a trailing stop along the way.
Goal:
Execute trades in harmony with the established trend.
Setup Rules:
1. Condition 1: You know the current trend direction as per filter set guidance (A, B, & C), and the trend is up, and you are going long.
2. Condition 2: Wait for the price to close 3 consecutive flat-bottom Heikin Ashi candles above the 7 MA. Then Enter on the open of the fourth Candle.
3. Condition 3: The 3x candles have to be above the 7 MA (red line), and the 7 MA has to be above the 50 EMA (yellow line).
Trade Management:
Use the 50 EMA (Yellow Line) as a trailing stop and hold the position until a candle opens and closes below the 7 SMA (Red Line).
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Additional Filter Sets
These filter sets are designed to accommodate various trading strategies, allowing for flexibility depending on the trader's approach.
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Filter Set E: VWAP
When using the VWAP filter, load the On-Balance Volume (OBV) indicator to complement your analysis. This combination can help confirm volume trends and potential price movements.
Tips:
Look for instances where the VWAP aligns with OBV divergences to confirm or negate potential trade setups.
Tutorial:
- Complement with OBV: Look for volume confirmations.
- Usage: Switch the candles to a line chart. Wait for both the line to close above the VWAP and OBV above the Smoothing Line. Then, switch to Filter Set D and hunt for a long entry as per the strategy. Do the opposite for hunting short entries.
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Filter Set F: Super Trend
This filter is most effective when paired with the Ichimoku Cloud (using custom settings) along with the MACD and ADX indicators.
Goal:
Gauge trend strength, momentum, and support and resistance levels.
Tutorial:
- Load Ichimoku, MACD, and ADX: To gauge trend strength and momentum.
- Usage Tips:
I use the cloud to look for long periods where the clouds print horizontal levels and use them for support and resistance levels. Alternatively, use the ADX. When the price breaks up through the super trend downtrend line and retraces back to the top of the Ichimoku cloud, switch to Filter Set D and hunt for a long scalp entry. For a short entry, wait for the price to break through the Up Trend Line and retrace back up to the cloud. Then, switch to Filter Set D and use the setup to hunt for a short.
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Filter Set G: Keltner Channels
Combine this filter with Donchian Channels and the Average True Range (ATR) for enhanced volatility analysis. This filter set works similarly to Filter Set C.
Goal:
Measure volatility and predict breakouts.
Tutorial:
- Load Donchian Channels or ATR: To measure volatility and breakouts.
- Usage Tips:
Look for the price to fall through the Keltner lower line and the ATR making a higher low. Then, use the scalper for entries, with Donchian boundaries as take-profit estimates.
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Filter Set H: Pivot Points
This filter works with the RSI to spot divergences that could signal a trend change or reversal.
Goal:
Identify divergences and trend reversals.
Tutorial:
- Load RSI: For identifying divergences.
- Usage Tips:
Use RSI in conjunction with pivot points to identify divergences. Then, switch to Filter Set D and use the scalper to hunt for swing entries in the divergence direction.
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Filter Set I: Opening Range Breakout
This filter uses the Seasonality indicator to gauge investor sentiment and prediction sentiment.
Goal:
Assess market sentiment and predict breakout directions.
Tutorial:
- Load Seasonality Indicator: To assess market sentiment.
- Usage Tips:
Use seasonal trends to gauge potential breakout directions. Use on the daily timeframe only. Risk on investment zones are when the price is close to the ORB low level. Realize investment profit when the price is nearing the ORB high level, considering that there has to be divergence as determined using Filter Set H.
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By following this structured approach, traders can learn to navigate different market conditions, using TrendScope to make informed decisions based on a comprehensive analysis of momentum, trend, and volatility. The goal is to go through all the filter sets and combine them with the scalp setup in Filter Set D, using the additional filters to adapt to various strategies and market conditions.
MultiTFlevels with Volume Display1. Overview
This indicator is intended for use on trading platforms like TradingView and provides the following features:
Volume Profile Analysis:
Shows cumulative volume delta (CVD) and displays buying and selling volumes.
Historical OHLC Levels:
Plots historical open, high, low, and close levels for various timeframes (e.g., daily, weekly, monthly).
Customizable Settings:
Allows users to toggle different elements and customize display options.
2. Inputs
Timeframe Display Toggles:
Users can choose to display OHLC levels from different timeframes such as previous month, week, day, 4H, 1H, 30M, 15M, and 5M.
CVD Display Toggle: Option to show or hide the Cumulative Volume Delta (CVD).
Line and Label Customization:
leftOffset and rightOffset: Define how far lines are extended left and right from the current bar.
colorMonth, colorWeek, etc.: Customize colors for different timeframe OHLC levels.
labelOffset and rightOffset: Control the positioning of volume labels.
3. Key Features
Cumulative Volume Delta (CVD)
Calculation:
Computes the cumulative volume delta by adding or subtracting the volume based on whether the close price is higher or lower than the open price.
Display:
Shows a label on the chart indicating the current CVD value and whether the market is leaning towards buying or selling.
Historical OHLC Levels
Data Retrieval:
Uses the request.security function to fetch OHLC data from different timeframes (e.g., monthly, weekly, daily).
Plotting:
Draws lines and labels on the chart to represent open, high, low, and close levels for each selected timeframe.
Buying and Selling Volumes
Calculation:
Calculates buying and selling volumes based on whether the close price is higher or lower than the open price.
Display:
Shows labels on the chart for buying and selling volumes.
4. Functions
getOHLC(timeframe)
Retrieves open, high, low, and close values from the specified timeframe.
plotOHLC(show, open, high, low, close, col, prefix)
Draws OHLC lines and labels on the chart for the given timeframe and color.
5. Usage
Chart Overlay: The indicator is overlaid on the main chart (i.e., it appears directly on the price chart).
Historical Analysis:
Useful for analyzing historical price levels and volume dynamics across different timeframes.
Volume Insights:
Helps traders understand the cumulative volume behavior and market sentiment through the CVD and volume labels.
In essence, this indicator provides a comprehensive view of historical price levels across multiple timeframes and the dynamics of market volume through CVD and volume labels. It can be particularly useful for traders looking to combine price action with volume analysis for a more in-depth market assessment.
PVSRA Candles Auto OverrideWhat does this “PVSRA Candles Auto Override” Indicator
do?
This indicator automates PVSRA analysis for crypto traders. It finds the corresponding Binance Perpetual Futures chart for the current instrument, then replaces the current chart's volume profile with the perpetual futures data (if available) to ensure the PVSRA calculation uses the most relevant volume. This not only reduces human error during market scans but also automatically selects the appropriate Binance Perpetual Futures contract, saving time and improving the accuracy of PVSRA calculations.
How can a trader use this indicator?
This helps the trader to identify if there is volume data available in an equivalent Binance Perpetual Futures chart and automatically displays it, making it easier to switch coins whilst viewing the market. Why do we want to use Binance Perpetual Futures Volume? In most markets Binance volume surpasses those of other crypto exchanges so this will give us a better view on the volume spikes in the market.
What is PVSRA and how can I trade using this indicator?
PVSRA candles are a type of candlestick chart formatting. PVSRA stands for Price, Volume, Support and Resistance Analysis.
Here's a breakdown of what PVSRA candles aim to achieve:
Combine multiple factors: They take into account price movement, trading volume, and support and resistance levels to identify potential trading opportunities.
Highlight potential imbalances: By color-coding candles based on PVSRA analysis, they aim to show areas of high volume activity, potentially representing imbalances created by market makers (large institutions that influence price).
Identify areas of revisit: The theory is that these high-volume zones may be revisited by the market in the future, as there's "unrecovered liquidity" in those areas.
Usage of the Indicator:
By default the indicator will automatically use the Equivalent Binance Perpetual Chart for the Data
You can override the symbol manually if you what to view another instrument’s data.
POC IndicatorThis simplified Point of Control (POC) indicator for TradingView is designed to identify and plot the price level where the highest volume of trading occurred over a specified period. The script works as follows:
Input and Initialization: The user specifies a length for the analysis period. Variables highestVolPrice and highestVol are initialized to track the price with the highest volume and the highest volume encountered, respectively.
Volume Analysis Loop: For each bar in the specified period (up to length bars back from the current bar), the script compares the volume of the current bar (volume ) to highestVol. If the current bar's volume is higher, highestVol and highestVolPrice are updated to reflect the volume and closing price of the current bar.
Plotting the POC: Instead of using a horizontal line (hline), which cannot be dynamically updated within the loop, the script uses plot to draw the POC. This plotting function draws a line on the chart that represents the closing price level associated with the highest volume observed within the analysis period.
Resetting Variables: To ensure the indicator updates correctly with each new bar, the script resets highestVol and highestVolPrice at the start of the analysis for each new period. This step is designed to recalculate the POC dynamically as new data comes in.
This approach offers a basic method for visualizing significant price levels where substantial trading activity occurred, potentially indicating areas of strong support or resistance. However, it's a simplified model and does not calculate the true POC based on a detailed volume profile across all price levels within the period.
Volume Grid [SS Premium]Hey everyone!
This is the Volume Grid indicator. It is essentially very similar to the Volume Profile Histogram indicator I released, but this premium version overlays on the chart and provides you with the tradeable ranges and the volume composition in each range. So let's get into it!
What it does:
This indicator cumulates buy and sell volume over a user defined lookback period in addition to calculating the average ranges that the stock trades in and the volume composition in each respective range.
It then paints these ranges based on the volume composition. Red means selling and green means buying. However, the brighter the red or green, the higher the buying or selling (essentially a heatmap).
The indicator will also provide you alerts when there are buying or selling volume spikes and circle the candle in which that has happened on (see example in main chart).
These alerts can of course be toggled on or off.
Trading with it:
This indicator can be used as a stand alone trading indicator, and here is how:
The ranges act as support and resistance. Within each range you can see whether the composition is buying or selling.
If we are in a green zone, it means there is buying and it is essentially a buy the dip situation (see below example):
When we are in a heavy selling zone, its essentially a short the rip situation:
You can also see when a zone transfers from a bearish or bullish zone, to the inverse:
The indicator also will plot a POC (point of control). Because we are not only pulling from daily volume data, we will already have a well established POC going into open:
This was SPY on Friday. The POC marked the current point of control from a volume perspective, which was at 482.
And here is what happened:
The POC will change colours between Red and Green, if its a bearish POC it will turn Red, bullish green. For the most part, both the bearish and bullish POCs remain within the same range but sometimes they will diverge and the indicator will alert you when this happens.
Additional options:
In addition to toggling off and on the alerts, you can also change the text colour and size.
As well, there is an option to "Condense Range". What that will do is reduce the range by a factor of 2 (in half). This will give you more aggressive support and resistance levels that you can play.
Condensed Range:
Uncondensed Range:
Personally, I prefer the condensed range, especially when trading leveraged shares, because I treat them as support and resistance levels and play breaks of them in either direction.
And last but not least, you can adjust the ranges to the daily, hourly, monthly or any timeframe you want, you simply select your desired timeframe and it will plot the ranges for that specific period:
SOXL on the week:
The yellow line represents the current period open. It is your reference line and frequently will act as support and resistance, depending on the market sentiment at the time.
That is the indicator in a nut shell, as always, please let me know your questions and suggestions below!
Safe trades and enjoy!
For access, please review the instructions below.
Heat profileA trader once told me that top wicks equals sell interest and bottom wicks equals buy interest. If that's true then this indicator tries to organize and visualize this idea.
It uses transparent boxes to give the impression of a heat map. Due to limitations of my own skill and possibly pinescript it is not possible to render it in a useful manner using different colors that depicts buy and sell interests respectively. This means it works more like a volume profile in that it mixes the buy and sell interest together in the heat map. This can still be helpful because it help traders focus their attention on areas other than the current price candle.
In my limited time of using it, it seems like on the large timeframes the highlighted areas is where the price wants to go, and on small time frames the darkest areas is where the price wants to go. But i will leave it up to any user to spot and use their own patterns with the indicator.
Last but not least, the indicator only uses the last 50 candles, which can be too little on a small timeframe. Unfortunately the way i have done it this limitation is hardcoded in the script due to how pinescript works, by editing the code you can increase it. (Put max_boxes_count = x after overlay = true. Maximum number is 500)
Hope you enjoy. Have a nice day.
MONEY ZONEA volume profile is an advanced charting tool that displays the traded volume at different price levels over a specific period. It helps you visualize where the majority of trading activity has occurred.
This indicator is a Market Profiling tool used to analyse the Point of Control (POC) and Value Area (VAH/VAL) on the daily, weekly and monthly timeframes. It also optionally displays historical Value Areas to help find confluence with past data.
The Point of Control describes the price level where the most volume was traded. A Naked Point of Control (also called a Virgin Point of Control) is a previous POC that has not been traded.
The Value Area is a range of prices where the majority of trading volume took place on the prior trading day. In specific, this area is the range where 70% of the prior day’s volume happened. The value area is approximately one standard deviation above and below the average highest volume price. With this knowledge, there are specific probabilities of market behavior we can understand to digest the value area. The value area gives us an idea of where the smart money is playing ball and where the institutions are guiding the market. From this data, we can derive intra-day strategies that capitalize on market behavior.
🔹 Point of Control (PoC)
Point of Control (POC) – The price level for the time period with the highest traded volume
🔹 Value Area (VA)
Value Area (VA) – The range of price levels in which the specified percentage of all volume was traded during the time period.
Balance Zone ExtensionBalance zones are an aspect of trading that many traders notice. Balance Zones are formed when a market is in equilibrium and respects a certain high and low multiple times. These zones could also be called accumulation or distribution areas depending on the price action. If the term "choppy" is used to describe a given markets price action, it is probably a fair statement to say that the market is currently in a Balance Zone.
This script is a take on vwaptrader1's teachings where you take a balance zone and "double it" to get a target if/when it does break out of balance. It provides an automated way of extending levels based on a given balance range.
The lines plotted by the script are calculated based off of the balance high/low inputs, how many sections are desired per zone, and how many boxes to plot based on the other user inputs.
Warning: Due to a current limitation of the Pine, this script is only allowed to plot up to 500 lines total. If you start to notice lines starting to disappear or you begin getting a script error, double check the input settings as the script may have crossed the 500 line threshold.
This can be used in conjunction with Fixed Range Volume Profile . Select the balance range with the Fixed Volume Profile . Note the Value Area High and Value Area Low prices and input those into the balance range High/Low inputs.
Use to create price targets from Balance Zone Breakouts
A recent example of this idea in action on ticker ES1! 2 hour chart where the balance range was found and the target (double the box size of the balance range) was hit.
Another example of this same concept but on a normal security like AAPL but on a 30 minute chart:
Extending the usefulness even further to crypto on BTCUSD with a 5 minute chart:
Use to create reference levels for future price action
The other way to utilize this is to provide future reference levels from a key balance range from the past.
Here is another example utilizing the AMD daily chart . First, a balance zone was noted for all of 2017:
Moving forward to the most recent price action in 2023, notice that the box extension levels are still fairly well respected almost 6 years later!
Largest Candle Profile - Selection ToolLargest Candle Profile
A simple script that finds the largest candle between a user's defined area. Search for the largest candle (high-low), largest body (open-close) or largest wick between any selected area.
How To Use:
Anchor pivot A and B on the area of choice.
Indicator can be used to detect levels of interest. Coded to be used with anchored vwap, flexible volume profile or liquidity gaps.
In action:
Auto Support & Resistance Volume Based + ScannerThis indicator tracks large marker maker orders and draws support & resistance levels based on where those orders came in. It allows you to track what the market makers are doing and place your trades in line with them. Look for the lines to suck up to the price and that will show you where large orders are coming in which is where reversals will happen or trend continuation will happen at an accelerated rate. The fat lines are higher timeframe volume spikes and major volume spikes. Look for bounces off of these fat lines. The fatter the line, the bigger the volume spike. The skinny lines are minor volume spikes over shorter time periods. These can be viewed as short term support and resistance levels and consolidation zones.
***HOW TO USE***
Look for bounces off of the fat lines and place trades accordingly. Those levels are where the market makers placed their orders and you will notice how well price reacts to these levels.
Look for the lines to suck up/down to the price. This shows you where volume is coming in which typically means a reversal is about to happen. If a reversal doesn’t happen, then the trend will continue its original direction, but usually move faster. Wait for these lines to suck up to price before trying to buy the bottoms or sell the tops. If you can have the patience to wait for this to happen, it will keep you out of a lot of choppy price action and give you very good places to take trades that move quickly.
When all the levels suck up to the price and all the colors change to red from green or green from red, it is an indication of market sentiment changing and the trend will likely reverse.
For best results, use this on charts for exchanges that have the highest volume and the most institutional buyers as those will give better levels since there are more market makers on those exchanges. Use exchanges such as NYSE, ARCA and NASDAQ for stocks and use COINBASE, BINANCE, MEXC perpetual futures charts or PEPPERSTONE for crypto.
If price breaks out or down from the group of levels and no lines suck up to the price, then it is a low volume breakout and price usually comes right back to the support and resistance levels so beware when this happens.
If there are no levels near the current price, look at the previous levels in that price range as those are still very relevant areas.
You can also draw trendlines from recent high and low points of the lines where they changed, which works very well for finding tops/bottoms in confluence with the real time s&r levels.
I recommend looking at higher timeframes and drawing horizontal lines where the fat lines are that extend for a long period of time. Then you will have those levels on your lower timeframe charts so you don’t miss any major levels that price will likely bounce off of.
Make sure you spend some time looking back at historical data so you can get a feel for how this indicator reacts to volume spikes before using it.
***HIGHER TIMEFRAMES***
This indicator scans higher timeframes for volume spikes, so make sure you update the higher timeframes used when looking at anything higher than the 1 minute timeframe as that is what the settings are optimized for. You can create new chart layouts for each timeframe you use frequently and save your settings on each chart so that you don’t have to update those settings when you switch timeframes.
***SCANNER***
The table at the bottom of the screen scans 8 other tickers for volume spikes. When a volume spike is detected, the color of that ticker will change from blue to orange to notify you. You can customize which tickers the indicator scans within the indicator settings. Make sure to save your chart layout with your updated tickers so you don’t have to change them frequently. Input all tickers from a certain sector to see how that sector is performing overall which can help give you a good idea of the sector as a whole. Save a different chart layout with each different sector you want to scan so you don’t have to switch the tickers frequently.
***ALERTS***
This indicator is set up with alerts that can be turned on to notify you of volume spikes on the ticker that the chart is set to.
***CUSTOMIZATION***
You can customize the colors of the lines and backgrounds in the indicator style tab. You can also turn off the scanner if you want to within the indicator input tab. The tickers to scan can be customized to suit your preferences within the indicator input tab. The higher timeframes used can also be adjusted within the indicator input tab.
***MARKETS***
This indicator can be used on all markets that have volume data, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This indicator can be used on all timeframes as long as there is enough data for the session used.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Trend Friend Signals, Volume Profile with Buy & Sell Pressure, RSI Scalper Ribbon and Auto Support & Resistance with Wick Signals to find those major levels that are not associated with volume spikes in combination with this volume based auto support and resistance indicator.
Trend Friend - Swing Trade & Scalp Signals - Stocks Crypto ForexTREND FRIEND is a custom built, data driven algorithm that gives buy and sell signals when many different factors line up together on a single candle. It is designed to catch every move so you can expect early entries and exits across all of your favorite markets. Use scalp mode for early entries with lots of signals or swing mode for longer swings with fewer signals and long swing mode for really long swing trades with even less signals.
The best markets to use this indicator on are high volume tickers with a lot of price action as these markets have enough data to use to give the signals the algo needs to be able to detect highly probable moves in price. That being said, it works across all markets such as stocks, crypto, forex and futures and across all timeframes(on really long timeframes it may not give signals due to not having enough data to work with).
***MAJOR POINTS TO REMEMBER BEFORE USING THIS INDICATOR***
The algo is designed to catch major moves, so if a signal seems to come in late, it is highly likely the market is about to reverse so use caution when taking signals that seem late. This typically happens because the market is indecisive so always be careful in these situations and just wait for a better signal when markets are really decisive.
Always trade in the direction of the trend meaning the volume weighted moving average clouds. There is also a trend detection label and risk level label that you should follow to keep your trades as safe as possible. The safest way to do this is only trade short when the VWMA 100 is below the VWMA 500 and a Bear signal comes in very close to a VWMA line. Only trade long when the VWMA 100 is above the VWMA 500 and a Bull signal comes in very close to a VWMA line.
If price is between the moving averages, play the VWMA 100 and VWMA 500 as support and resistance and only take signals near one of the VWMAs with the plan of price returning to the other VWMA. If you are taking trades against the trend, like trying to buy the dips or sell the tops, wait for price to cross the VWMA 100 before following a signal.
If the VWMA 100 and VWMA 500 are close to each other and/or moving sideways, you can expect choppy price action and consolidation so use caution when taking trades during this time. It is better to wait for the price to hold above or below both VWMAs and stay supportive there before taking trades. Waiting for volume to increase is also a good way to avoid chop after the trend decides a direction.
This indicator will repaint sometimes before the candle has closed, so either wait for the candle to close with a signal before entering trades or only take signals before it closes on candles with good volume and technical analysis backing it.
***ALL THE FEATURES YOU NEED***
Trend Friend has multiple features designed to help you trade better and make decisions faster.
Buy & Sell Signals - When the algo detects all of our required parameters lining up on a single candle, Trend Friend will give Bull or Bear signals on the chart. Bull means upward price action is expected. Bear means downward price action is expected.
Take Profit Signals - When the price action makes a move that typically signals a reversal, a take profit signal will show up on the chart to help you get out of a trade before the next signal comes in.
Risk Levels For Signals
There is a risk detection system that tells you how risky each signal is as it comes in to help you stay out of dangerous trades. Wait for signals with low risk and you’ll be much safer than trying to take trades against the trend.
Alerts - There are options for alerts on buy signals, sell signals, take profit signals, price crossing the VWMA 100 and price crossing the VWMA 500. All of these can be controlled using tradingview alerts so you don't have to watch the charts and wait for things to happen. These alerts can also be used to send orders to trading bots if you choose.
Candles Painted Green Or Red According To Buy & Sell Pressure - By default, this indicator paints the candle sticks green, red or blue according to buy & sell pressure(DMI). You will need to turn off candle colors in your chart settings for this to appear correctly.
Percentage Updates - The table on the right has live percentage updates so you don’t have to measure out every move you are expecting. It will tell you the percentage from closest fibonacci levels, percentage away from the VWAP, percent gain or loss from the last signal entry and percentages from your own trades that can be configured in the settings. These help you always know how much more you can squeeze out of a trade and where your position stands without having to switch screens between Tradingview and your broker constantly.
Moving Average & VWAP Clouds - We included two color coded volume weighted moving averages(VWMA 100 and VWMA 500) and a color coded RMA 10 moving average. We also have a VWAP dotted line and cloud so you can easily see the trend direction on the chart at all times. The cloud and moving averages will turn green or red in real time depending on whether price is above or below each moving average or the VWAP respectively.
Trend Detection Label - The top label on the percentage update table tells you if the trend for this timeframe is Bullish or Bearish as well as when the trend is undecisive with choppy price action expected.
Chop & Low Volume Warning Labels - When price action is choppy or there is very low volume compared to historic candles, a warning label will appear at the top of the screen so you know to use caution and stay out of trades during these times.
Auto Fibonacci Levels - The chart will automatically populate fibonacci retracement and extension levels. The percentage update table will also give you real time updates on how far away the next fibonacci levels are from the current price.
Bounce Zone - We also included a very long term moving average cloud(EMA 1000 and EMA 2000) that shows as purple on the chart. When price enters that cloud, you can expect a reversal in that area. If price was trending above the cloud, expect that cloud to act as support. If price was trending below the cloud, expect that cloud to act as resistance. When price is trying to break through that cloud in either direction you can expect price action to be choppy and big moves to happen once price gets supportive in that zone and breaks out.
Margin Multiplier - If you are using margin to trade, our margin multiplier will multiply all of the percentage updates by the margin level you input in the settings tab so your percentages will reflect the percentages in your account.
***HOW TO USE***
Scalp, Swing And Long Swing Mode
You can choose from scalp mode, swing mode or long swing mode in the indicator settings. It is set to scalp mode by default. Scalpers will want to use the scalp mode as it provides early entries and exits and is designed to catch every move quickly. Swing mode is designed to catch almost every move and filter out some of the noise so it will have less signals than scalp mode. Long swing mode is designed to catch those lengthy moves and will hold positions the longest but give entries later than the other modes.
Try all three on a few charts and timeframes to see which setting matches your trading style the best. If you want more signals with any of the 3 modes, go to a lower timeframe. If you want less signals on any mode, go to a higher timeframe.
Bull & Bear Signals - When all of our algo parameters line up, a BULL or BEAR label will print on the chart. Bull labels will be colored green and bear labels will be colored red. Bull indicates a good place to enter a long trade because the algo is detecting patterns that indicate price should move upwards. Bear indicates a good place to enter a short trade because the algo is detecting patterns that indicate price should move downwards.
For best results using these signals, take trade signals that line up very closely with fibonacci levels or volume weighted moving averages or the vwap or any combination of them. It is also recommended to only take trades in the direction of the trend to avoid trading false reversals. Wait for low risk signals using our risk identifier and then enter the market. Waiting for good volume to come in will also help you avoid chop and catch those quick moves.
Also, make sure to check the percentage updates table to see if the expected move to the next fibonacci level is far enough away to make the risk to reward ratio worth taking the trade. Watch for signals when the VWMAs squeeze together after a wide gap and price breaks out with a corresponding signal as these can bring large, quick moves in price. Use caution when the VWMAs are close to each other and trending sideways as this usually brings choppy price action.
(The bull and bear signals can be turned on or off in the indicator settings input tab. Useful if you want to clean up the chart or only show bear or bull signals according to the trend.)
Take profit Signals - Take profit labels will show up on the chart when a reversal candle pattern or reversal indicator pattern is detected while a trade is still open. Use these signals as times that it may be a good point to exit the trade to avoid losses or reduced profits.
(The take profit signals can be turned on or off in the indicator settings input tab.)
Risk Level Label
Taking trades against the trend is dangerous because there are more false bottoms than there are actual bottoms. Our risk detection label is there to keep you from taking dangerous trades against the trend. The label will say Low Risk when the trend is in the same direction as the last signal given. The label will say Medium Risk when the trend is neutral because price likes to chop around during these times. The label will say High Risk when the trend is in the opposite direction as the last signal given.
Make sure you wait for the risk level detector to show Low Risk before taking trades or you may be buying a false bottom.
Candles Colored According To Buy & Sell Pressure - By default this indicator will paint the candlesticks green, red or blue depending on the buy & sell pressure for those candles using the Directional Movement Index or DMI. If buy pressure is higher than sell pressure, it will paint green. If Sell pressure is higher than buy pressure, it will paint red. If buy pressure is equal to sell pressure, it will paint blue. Use this to confirm which direction buying and selling is favoring and use a change in color trend to determine reversal points early. For this to work correctly you will need to go into chart settings(gear icon top right) and in the symbol tab turn off body, wicks and border.
(The buy & sell pressure candle coloring can be turned on or off in the indicator settings input tab.)
Auto Fibonacci - This indicator will automatically populate fibonacci retracement and extension levels for you. These levels are calculated using the previous high and low. You can switch the source between the previous day, week, month, quarter and year(the weekly setting is the default as it is great for day trading). The previous high and low levels will show as white(These are very important levels so watch for price to bounce off of the white lines). The percentage update table will also show the percentage gap from the current price and the next closest fibonacci level above and below, with labels telling you which fib levels they are.
(The fibonacci levels can be turned on or off in the indicator settings input tab.)
Volume Weighted Moving Averages With Clouds - The red or green moving averages should be treated as dynamic support and resistance as well as a visual way of telling current price trends. You can expect price to bounce off of these moving averages very often and quick moves usually happen when price breaks out of these moving averages.
The safest long trades you can take will be when the VWMA 100 is above the VWMA 500 and you get a BULL signal that is very close to the VWMA 100 or VWMA 500. The safest short trades you can take will be when the VWMA 100 is below the VWMA 500 and you get a BEAR signal that is very close to the VWMA 100 or VWMA 500.
When the moving averages squeeze together and price bounces between them, you can expect big moves in price when it breaks out. If price has been trending up and the moving averages squeeze together, expect the price to fall quickly once it breaks down from there. If price has been trending down and the moving averages squeeze together, expect the price to jump quickly once it breaks out from there.
These moving averages and the clouds associated with them will paint green when price is above them, indicating a bullish trend and they will change to red when price is below the moving averages, indicating a bearish trend.
You can also use the moving averages as support and resistance levels when markets are moving sideways. Since these are volume weighted moving averages, price tends to stick to them very well and paints a much clearer picture of what is going to happen than regular moving averages that don't take volume into account. Try it on a bunch of different timeframes and charts to see for yourself.
(The moving averages and clouds can be turned on or off in the indicator settings input tab.)
Bounce Zone - The bounce zone is a purple cloud that is made up of two very long term moving averages. When price is trending above this cloud and comes back down to it, you can expect the price to bounce back upwards in this zone. If the price is trending below this cloud and comes up to it, you can expect the price to bounce back downwards when it reaches this zone.
Sometimes price will break through this cloud and you will usually notice a lot of choppy price action and accumulation in this zone. When price does break out of it, you can expect fast, large moves. I also like to call this zone the safe zone because taking trades in this zone is typically a very safe place to enter trades depending on how the price is trending before it entered this zone. If you look at the cloud on any of your favorite charts, you will see that the cloud usually represents support and resistance areas quite well.
(The bounce zone can be turned on or off in the indicator settings input tab.)
Chop & Low Volume Warnings - When price is choppy, it can be a portfolio killer. When volume is low, it can give false signals or the market can reverse easily, so stay out of trades when these warning labels appear on your chart. If you were already in a trade when these warnings appear, keep a close eye on your trades and be ready to exit if things start to go the wrong way.
Long & Short Entry Calculator - Here you can enter your own entry price for short or long positions so that your actual P&L will be shown live on your chart. This eliminates the need to calculate percentages in your head or switch screens to your broker often or use the measuring tool to calculate your P&L. These will show as zero until a trade price is entered.
Margin Multiplier - If you use margin to trade, enter your margin multiplier in this input and all of the percentages in the percentage update table will reflect how far each level is based on your margin. So a 5x margin will multiply all percentages in the chart by 5 and so on. This way you don’t have to calculate everything in your head or switch between your chart and your broker constantly.
Customization - Go into the indicator settings and you can customize just about everything to suit your style. In the Input tab you can: turn the Bull or Bear labels off or on so you only get the signals that are going in the direction of the trend, turn on or off the moving average lines & clouds, turn on or off the vwap & clouds, set your fibonacci timeframe or turn them off completely and set your long or short entry price as well as your margin level for percentage updates according to your portfolio.
You can also easily customize: the moving average lines & clouds, the bounce zone lines and cloud, the vwap color and line style, the support and resistance line colors and thickness, the bull and bear label styles, the take profit label styles and more.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex as long as Tradingview has enough data to support the calculations needed by the algo.
***TIMEFRAMES***
Trend Friend can be used on all timeframes.
***IMPORTANT NOTES***
For the buy & sell pressure colored candles to show up properly you will need to go to the chart settings(gear icon in top right corner) and in the symbol tab turn off body, wicks and border.
No indicator can be right 100% of the time and remember that past results do not guarantee future performance. You still need to make smart decisions when using this indicator to be successful. It is also important to note that markets with little volume and price action may not give very good signals due to many different parameters needing to line up on one candle for a signal to be given so use it on high volume tickers with lots of price action for best results.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Volume Spikes, Directional Movement Index + Fisher, Volume Profile with DMI, and MOM + MFI + RSI with Trend Friend. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Market Maker Volatility Diameter V2 by Hawkeye Charting***German Description below***
Hey guys,
we are proud to publish the Market Maker Volatility Diameter V2!
Our goal with this indicator is to provide an All-in-one indicator, combining some special tools of open source scripts as well as some of our own developments and the algorithm of our MMVD V1.
We will create a video series very soon, where we will explain each aspect of the tool, your options and of course our trading strategies with this indicator.
You have the following technical tools and information combined in this indicator, which can each be shown and hidden:
- Psychological Ranges (Weekly Opening High/ Low for Crypto and Forex)
- Market Maker Sessions (Sydney, Asia, London, NY)
- Trade Cloud (algorithm developed by Hawkeye Charting)
- Fibonacci Cloud (inspired by watching paid offerings, coded by Hawkeye Charting)
- Display Moving Averages (select the visualization of up to 6 moving averages. You can change for each of these 6 MA's the type and the length.)
- Display Major Trend Cloud (developed by Hawkeye Charting)
- PVSRA Candle Colors
- Vector Candle Zones
- Pivots
- Pivot Fibonacci Levels (developed by Hawkeye Charting)
- OHLC-Levels
- Average Daily, Weekly, Monthly Ranges
- Volume Profile for Intraday Trading for up to 8 days.
We hope especially for people, who can not afford the Pro offering from TradingView, to give access to a good indicator, which includes many tools and alerts.
Our goal is to lower the barriers for new entrants and of course to protect people, to pay for indicators, which are completely insane priced.
Only, that you get an idea: the whole indicator has only cost me about 100 h of work (for a single person!), and I'm no Pine script expert, so don't get fooled when someone offers you insane amounts for an indicator...
There is no holy grail. Each indicator works only with calculations on previous data.
We appreciate seeing that you guys like this work, so please leave a like and a follow and share this indicator.
*****German Description*****
Hey Leute,
wir sind stolz, unsere 2. Version des Market Maker Volatility Diameter zu veröffentlichen!
Unser Ziel ist es, mit diesem Indikator eine All-In-One Lösung anzubieten, welche einige nicht ganz geläufige Tools sowie unsere eigenen Entwicklungen und natürlich den Algorithmus des MMVD V1 vereinen.
Wir werden in naher Zukunft eine Video Serie veröffentlichen, in welcher wir Stück für Stück jeden Aspekt des Werkzeugs, die Einstellungsmöglichkeiten sowie unsere Trading Strategien mit diesem Indikator erklären werden.
Ihr habt die folgenden technischen Werkzeuge und Informationen in diesem Indikator vereint, welche jede einzeln an- oder abgewählt und eingestellt werden können:
- Psychological Ranges (Weekly Opening High/ Low für Krypto and Forex)
- Market Maker Sessions (Sydney, Asia, London, NY)
- Trade Cloud (Algorithmus von Hawkeye Charting entwickelt)
- Fibonacci Cloud (inspiriert von der Beobachtung eines Paid-Indikators, Code geschrieben von Hawkeye Charting)
- Moving Averages (Ihr könnt die Darstellung von bis zu 6 Gleitenden Durchschnitten auswählen und für jeden dieser Durchschnitte den Typ und die Länge ändern.)
- Display Major Trend Cloud (entwickelt von Hawkeye Charting)
- PVSRA Candle Colors
- Vector Candle Zones
- Pivots
- Pivot Fibonacci Levels (entwickelt von Hawkeye Charting)
- OHLC-Levels
- Average Daily, Weekly, Monthly Ranges
- Volume Profile für Intraday Trading, Darstellungsmöglichkeit für 3-8 Tage
Wir hoffen, dass wir speziell für Leute, die sich nicht das PRO-Abo aufwärts von TradingView leisten können, Zugang zu einem guten Indikator, welche viele Werkzeuge und Alarme vereint gewährleisten zu können.
Unser Ziel ist es, die Eintrittsbarrieren für neue Marktteilnehmer senken und natürlich Leute vor wahnsinnigen Paid-Angeboten beschützen zu können.
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RSI Effective Volume Reversal IndicatorAbout The Indicator
I want to start with a few short paragraphs of how this indicator came to be and why it's different than 80% of the indicators on this platform. If you are just interested in how the indicator works, you can skip the story, although I recommend at least skimming through it.
Originally, this indicator was developed to be part of a trend-trading strategy that analyzed the three main components - Price , Volume and Strength . It was broken down to 2 indicators - on-chart and off-chart, similarly to my first premium indicator "Trend Indicator for Directional Trading". Despite the similar concept, the current one is miles ahead in almost any regard.
As most of you know, strategies (especially the really good ones) are fairly more complex to use and navigate. You need to input the parameters for generating and tweaking the indicator, then you need to enter your risk management parameters like stop loss, position size, etc. and finally you need to set the exit criteria, like specified percent target, trial stop or an indicator condition. So, what was supposed to be a simple strategy that anyone can use and make money with, turned out to be a very complex one with over 20 parameters to tweak. I know from experience that when it comes to trading, less is more. This is especially true for the indicators.
As a result, I decided to split the project into two separate strategies - one for trend/directional trading and one for volume and strength (the one you are looking at right now). The problem was that as a standalone strategy it didn't perform all that well. And it shouldn't come as a surprise to anyone who has been trading long enough - divergences are one of the biggest tricksters there are - easy to identify only in hindsight. They are the new-trader's doom. I lost a decent amount of money chasing tops and bottoms through divergences and for that reason it's always been somewhat a goal of mine to create an indicator that can assist in this conquest (call it a personal vendetta). This indicator comes as close as I've ever been to this goal.
Right, but I just said a few lines above that this indicator doesn't work that well for divergences? That's true, but only if you completely automate it and let it buy every bullish and sell every bearish divergence. I have extensively tested it on the securities I actively trade (SPX500, Crude Oil, Gas, Gold, Copper) and with the right settings it does generate positive return (what strategy wouldn't with enough optimization, right?), but I would have made so much more money if I didn't fight the trend.
So, I decided to do something else - convert the strategy back to an indicator and use it for discretional trading in which it assists (not explicitly tell) me in making the decisions. And oh boy, did I hit the sweet spot there! It has been notoriously difficult for most scripts and indicators to identify proper support and resistance levels or at least not nearly as good as the human eye can do. This is especially the case with ascending and descending channels. Seeing how well it worked in helping me open longs and shorts at key levels, I decided to strip it from all unnecessary features and simplify the interface for easier navigation (about 300 lines of code less). This brings me to my next point.
How Does It Work?
The indicator relies on two main components in order to identify reversals - RSI module and Effective Volume module, hence the name RSI Effective Volume Reversal Indicator (not very creative, I know). You select which one you want to display via the dropdown menu. Now let me outline how each one works.
RSI module (top) - similarly to the traditional RSI, it is bound between 0 and 100. Oversold area is marked in green (15-25) and overbought area is marked in red (75-85). You can change those as you please, but I found those to be the perfect spots for identifying potential opportunities. This is where the similarities end. As you've noticed, it's not nearly as choppy as the traditional RSI, just the opposite - it's rather smooth, resembling Heikin-Ashi candles. Further, the way the candle is formed can indicate if we are approaching a top or bottom and if you should be looking for an opportunity to open a trade against the trend. Believe it or not, I've been developing and using this indicator for the past 6 months, so there's a lot to be said about the formation of those candles with clear examples, but I will leave those for the guide book that comes along with each purchase/subscription.
Effective Volume (bottom) - As I already have developed quite an extensive indicator that utilizes the effective volume profile, I just grabbed certain elements from it, simplified it and smoothed it via a new custom-made moving average along with some other minor updates. The results from RSI and Effective Volume may seem quite similar, but they actually reveal slightly different information and can be used to complement each other. In terms of coloring - green gradient above 50 and red gradient below 50.
What To Expect
It's important to understand that technical analysis does not predict prices. I am not claiming this indicator to be the crystal ball that will tell you when to long or short with max leverage. All I am saying is that it's a pretty good tool to help you time your trades, show real exhaustion of trends and reveal when a new direction is forming.
This indicator has been, and most likely will continue to be, work in progress. I've been experimenting with tons of features to make it better for the past 6 months and I finally believe it is stable and beneficial enough in order for you to use it. There's always something more that I would like to add and/or change, but I know that if I continue digging and improving, the indicator would have never seen the light of day. That's why I want to add the critical component to it - you. Through your feedback and recommendations, I believe we can make this indicator truly a masterpiece.
With that being said, I do have some future improvements planned, which I will be releasing on the go. Some are major, like updating it to v.5 and adding new features that are only available to the newest version of PineScript, while others are minor, such as color variations and more one-click customizations.
I hope I managed to portray an objective picture (with reasonable amount of words) of something that I've put a lot of work into, so that you can successfully use and make even more money on the markets. Once again, each purchase/subscription of this indicator comes with a guide in which I go into great detail explaining how to use the indicator, so rest assured that you will be able to take full advantage of it.
TradingLatino_StrategySPANISH:
TL_STRATEGY:
El TL_STRATEGY, es todo un ecosistema de indicadores que conforman una estrategia bastante potente y famosa en el trading de criptomonedas, está compuesta por los siguientes indicadores:
• Bandas de medias móviles exponenciales (10 y 55)
• Squeeze Momentum Indicator (SQZMON PRO+).
• Volume Profile (VP Desarrollado por APIDEVs).
• Average Directional Index ( ADX PRO+).
En ApiDev, decidimos optimizar visualmente esta estrategia, es por ello que creamos un panel informativo que muestra la proyección conjunta de todos los indicadores que ya mencionamos.
MEJORAS REALIZADAS EN LA ESTRATEGIA:
Más simple: Simplificamos la interfaz de todos los indicadores [para que el operador pueda seguir el ABC de su estrategia sin mucha complicación.
Señales de compra y venta: Basado en una estrategia que incorpora dos medias móviles de 10 y 55 periodos, la observación de la fuerza del ADX y la direccionalidad de los osciladores del SQZMON, señales de compra y venta para ser valorado por el comerciante.
Panel lateral: Integramos un panel lateral que permite observar la valoración y dirección de todos los indicadores que componen la estrategia.
Tiene un sistema de alerta que enviará notificaciones sobre los cambios que se produzcan en el indicador.
ENGLISH:
TL_STRATEGY:
The TL_STRATEGY , is a whole ecosystem of indicators that make up a quite powerful and famous strategy in cryptocurrency trading, it is composed of the following indicators:
• Exponential moving media bands (10 and 55).
• Squeeze Momentum indicator (SQZMON PRO +).
• Volume profile (VP Developed by APIDEVs).
• Average directional index ( ADX PRO +).
In ApiDev , we decided to visually optimize this strategy, that is why we created an information panel that shows the joint projection of all the indicators that we already mentioned.
IMPROVEMENTS MADE IN THE STRATEGY:
Simpler: We simplified the interface of all indicators [so that the trader can follow the ABCs of his strategy without much complication.
Buy and sell signals: Based on a strategy that incorporates two moving averages of 10 and 55 periods, the observation of the strength of the ADX and the directionality of the oscillators of the SQZMON, signals of buying and selling to be valued by the trader.
Side panel: We integrate a side panel that allows observing the assessment and direction of all the indicators that make up the strategy.
It has an alert system that will send notifications about the changes that occur in the indicator.
Fr3d0's Volume Profile Visible RangeLow level implementation
At the core of VPVR there’s a concept called “bucketization”.
Question : what is bucketization?
Answer : bucketization consists of identifying metrics with high predictive power and combine them appropriately.
I think this is a problem of bucketization because what the VPVR does is to take a price range, divide it into buckets and fill them up with the volume that was produced in each bucket’s range over the given period.
The more we divide our price range the finer the resolution, but also the less significant each bucket will become.
The steps are :
1. Get the price range with min and max over the give period;
2. Divide the range into buckets;
3. Loop over each candle of the given period and proportionally assign volume to one or more bucket.
Question : how to assign volume to buckets?
Answer : we need to calculate the right amount to add to each bucket for each candle. If 20% of a candle lies on a bucket then that bucket needs to have 20% of the volume of that candle, the rest 80% belongs to other buckets.
To get the percentage of a candle on a given bucket we have to find the price range of the candle contained within the bucket, then divide that amount by the entire length of the candle.
How to bucketize
Question : what are the formulas of A, B, C and Target respectively?
Answer :
- A = Max(candle_high, bucket_top) - Min(candle_low, bucket_bottom);
- B = Max(candle_high, bucket_top) - Min(candle_high, bucket_top);
- C = Max(candle_low, bucket_bottom) - Min(candle_low, bucket_bottom);
- Target = A - B - C.
Now that we now how to calculate the price range belonging to each bucket we need to calculate a percentage of volume to fill the bucket with.
The formula is trivially simple :
Volume * Target / (candle_high - candle_low).
Question : can we distinguish between buy volume and sell volume? If so, how?
Answer : yes we can and the following paragraph will teach you how.
Put it simply we can use the difference between the extremes of a candle (low and high) and its close price to get the buy and sell volumes.
The formulas for that are :
- Buy volume = Volume * (close - low) / (high - low);
- Sell volume = Volume * (high - close) / (high - low).
I know this is rather simplicistic but it makes sense.
Closing thoughts
This script is a working progress and I’m going to give more details if necessary, just let me know in the comments down below.
Delta Volatility ProfileThis script attempts to visualize the footprints of bullish volatility and bearish volatility. By design, it has a close resemblance to volume profile, but the engine behind has been customized for improved accuracy with a novel volatility model.
For usage, it can be used to have an overview of the supply and demand over past periods, to time your entry/ exit & maximize your RR ratio.
May you be on the right side of the trade.
[francrypto® strategy] 4 EMAs, P.SAR & Vol.Prof. (by kv4coins)(ENG)
This script consists of my own strategy for cryptocurrency (but can be adapted very well for stocks, forex, etc.)
Is a combination of:
- Four Exponentials Moving Average (EMA), configurables: by defect are 10, 21, 55 and 200 periods in yellow, aqua, orange and blue each of them
- Parabolic SAR System (PSAR), configurable
- Volume Profile (that has been developed by kv4coins - he has already authorized me to use it under the same OSS Licence Terms: MPL 2.0), configurable: with another default values and bilingual support for Spanish (SPA)
How it works
1) It is always better to detect specifics candlesticks or patrons: doji , pinbar or inverted pinbar , engulfing bars , morning star or evening star , harami , twizzer bottom or top , etc.
2) The 10 and 21 periods EMA help to identify the short-term behavior
3) The 55 periods EMA can be used like a support or resistance in medium-term, as 200 periods EMA in very long-term
4) It will convenient search for a double cross (10 & 21) or a triple cross (10, 21 & 55) to determine the medium-term change Downtrend to UpTrend (or viceversa)
5) Confirm the change patron with the Parabolic SAR and then identify potencials purchases or sales
6) Use Volume profile to detect potential supports or resistances areas, in order to set stop limit/loss and take profit orders.
Hope this helps!
Cheers,
FRANCRYPTO®
–––––– 0 ––––––
(ESP)
Este script consiste en mi propia estrategia para criptomonedas (pero puede adaptarse muy bien para acciones, forex, etc.)
Es la combinación de:
1) Cuatro Medias Móviles Exponenciales (EMA), configurables: por defecto son de 10, 21, 55 y 200 períodos en amarillo, turquesa, naranja y azul cada una de ellas
2) Sistema Parabolic SAR (PSAR), configurable
3) Perfil de Volumen (que fuera desarrollado por kv4coins - que ya me ha autorizado a su uso bajo las mismas condiciones de la Licencia OSS: MPL 2.0), configurable: con otros valores por defecto y soporte bilingüe para Español (SPA)
Cómo funciona
1) Siempre va a resultar mejor detectar velas japonesas específicas o patrones: doji , martillos o martillos invertidos , velas envolventes , patrón amanecer o atardecer , harami , velas gemelas , etcétera
2) La EMA de 10 y 21 períodos ayudan a identificar el comportamiento de corto plazo
3) La EMA de 55 períodos puede ser usada como un soporte o resistencia de mediano plazo, como así también, la EMA de 200 períodos en el muy largo plazo
4) Será conveniente buscar un doble cruce (10 & 21) o un triple cruce (10, 21 & 55) para determinar un cambio de la tendencia de mediano plazo de bajista hacia alcista (o viceversa)
5) Confirmá el patrón de cambio con la Parabólica de SAR y entonces identificá potenciales compras o ventas
6) Usá el perfil de volumen para detectar las potenciales zonas de soporte o resistencia, principalmente para establecer ordenes stop limit/loss o take profit.
¡Espero que pueda serles de utilidad!
Saludos,
FRANCRYPTO®
Trend Volume RSI AnalysisHOW'S THIS INDICATOR DIFFERENT ?
If you are familiar with my work, then you would know that I am into creating indicators with tons of parameters, almost all of which are left for you to configure. While this gives you an incredible level of customization, the feedback I received was that some of you felt a bit overwhelmed by them.
As such, I decided to create an incredibly simple, yet effective indicator that can give you a better overview of what's going on with the security you are trading/investing in without you needing to tweak a dozen parameters. So, the first and most obvious difference you will notice with Trend Volume RSI Analysis is that you have only 1 parameter to configure (length), one checkbox to tick (highlight buy/sell zones), and one dropdown menu to choose from (the type of analysis). All unnecessary features are stripped away and all calculations are done on the backend. Now let's see if this simplicity affects the efficiency of the indicator.
HOW DOES THE INDICATOR WORK?
1. Trend Analysis
The first type of analysis, selected by default, is the Trend. It shows the balance between bulls and bears and their respective strength. In order to filter out the noise and smooth out the graph, a moving average is applied twice - once from left to right, and once from right to left. Although this causes a minor delay, it is justified since the common moving averages lag is significantly reduced. The screenshot below shows an example of a small bull run on the 1h chart.
The indicator also performs very well in spotting divergences. Two divergences (bearish and bullish respectively) are illustrated in the screenshot below.
2. Volume Analysis
Volume Analysis doesn't just sum the standard volume of the trend. Rather, it calculates the effective volume - the one responsible for moving the price up or down and seeks the relationship between total volume and price movement. Thus, you get a smooth volume trendline that should prevent you from opening a position against the trend. As logic dictates, if the buying volume is growing, then the trendline will go up and it will be in green. If, however, the selling volume is growing, the trendline will decline and it will be in red. This analysis is better used on a bigger time frame, such as on a 4h chart.
Note: For those of you who have used my other indicator Multi Time Frame Effective Volume Profile, the formula used here is slightly different. The one used there is optimized for volume bars, while the modifications here deliver a slightly better trendline with less noise.
3. RSI Analysis
Contrary to the standard RSI which derives its results from price movement, this RSI is calculated based on the modified volume. So it's fair to say that it's a Volume RSI. This makes it a bit jerkier, almost something in between an RSI and Stochastics. However, it is much better in identifying divergences and will quickly indicate potential trends as it will start climbing up sooner. The screenshot below is on a 4h chart, but that's only because I want to show more examples. It works equally well on the 1h or even on a minute chart.
In the first example, the divergence is pretty obvious on all three indicators. However, in example 2 you would be able to spot it only on Trend Volume RSI Analysis and somewhat in Stochastics. RSI makes a double bottom there. Similar is the case with example 3, where this indicator is long gone on the way up in comparison to the other two. The difference in reaction comes from the supply and demand relationship, not just from the price movement. When bears are losing steam, the indicator detects this as a low supply level, thus printing the divergence or even climbing up to indicate the start of a new mini-trend.
I must note, however, that this part of the indicator must be used in accordance with the main trend (this is where the other two analyses come into play). You go long on a pullback when there's an established bull trend and you go short on a pullback when there's an established bear trend.
4. Additional Settings
I know, for an indicator with just one parameter this description is getting pretty long. There's only one thing left to cover - highlighting the buy/sell zones. It is fairly simple - when it's ON, the zones where bulls are stronger than bears will be highlighted in green. When the opposite is true, the background will be red. You can switch it OFF if it intervenes with your analysis, but I prefer having it as it shows a confluence of bull/bear force and the indicator itself. Here's an example below:
HOW MUCH DOES THIS INDICATOR COST ?
Although Trend Volume RSI Analysis may look like an incredibly simple indicator, I can assure you that a great deal of time, testing, and optimizing have gone into creating an indicator that does almost everything for you. The initial version was much more complex and a few dozen iterations were required to reach that level of simplicity and practicality. Furthermore, I will continue to update this indicator as well as introduce user-requested features if they will improve its overall performance. To find out more about how to gain access to this indicator, please use the provided information below or just message me . Thank you for your time.
Disclaimer: The purpose of all indicators is to indicate potential setups, which may lead to profitable results. No indicator is perfect and certainly, no indicator has a 100% success rate. They are subject to flaws, wrongful interpretation, bugs, etc. This indicator makes no exception. It must be used with a sound money management plan that puts the main emphasis on protecting your capital. Please, do not rely solely on any single indicator to make trading decisions instead of you. Indicators are storytellers, not fortune tellers. They help you see the bigger picture, not the future.
[R&D] Moving CentroidThis script utilizes this concept. Instead of weighting by volume, it weights by amount of price action on every close price of the rolling window. I assume it can be used as an additional reference point for price mode and price antimode.
it is directly connected with Market (not volume) profile, or TPO charts.
The algorithm:
1) takes a rolling window of, for example, 50 data points of close prices:
2) for each of this closing prices, the algorithm will check how many bars touched this close price.
3) then: sum of datapoints * weights/sum of weights
Since the logic is implemented in pretty non-efficient way, the script sometimes can take time to make calculations. Moreover, it calculates the centroid taking into account only close prices, not every tick. of a given rolling window That's why it's still experimental.
Trendgap strategyPrice action pattern with gap, imbalance and pivot. Simply used with volume profile. Calculating luqidity, volume on bar, price action patter.
