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Multi-Asset Performance [Spaghetti] - By LeviathanThis indicator visualizes the cumulative percentage changes or returns of 30 symbols over a given period and offers a unique set of tools and data analytics for deeper insight into the performance of different assets. Multi Asset Performance indicator (also called “Spaghetti”) makes it easy to monitor the changes in Price, Open Interest, and On Balance Volume across multiple assets simultaneously, distinguish assets that are overperforming or underperforming, observe the relative strength of different assets or currencies, use it as a tool for identifying mean reversion opportunities and even for constructing pairs trading strategies, detect "risk-on" or "risk-off" periods, evaluate statistical relationships between assets through metrics like correlation and beta, construct hedging strategies, trade rotations and much more. Start by selecting a time period (e.g., 1 DAY) to set the interval for when data is reset. This will provide insight into how price, open interest, and on-balance volume change over your chosen period. In the settings, asset selection is fully customizable, allowing you to create three groups of up to 30 tickers each. These tickers can be displayed in a variety of styles and colors. Additional script settings offer a range of options, including smoothing values with a Simple Moving Average (SMA), highlighting the top or bottom performers, plotting the group mean, applying heatmap/gradient coloring, generating a table with calculations like beta, correlation, and RSI, creating a profile to show asset distribution around the mean, and much more. One of the most important script tools is the screener table, which can display: 🔸 Percentage Change (Represents the return or the percentage increase or decrease in Price/OI/OBV over the current selected period) 🔸 Beta (Represents the sensitivity or responsiveness of asset's returns to the returns of a benchmark/mean. A beta of 1 means the asset moves in tandem with the market. A beta greater than 1 indicates the asset is more volatile than the market, while a beta less than 1 indicates the asset is less volatile. For example, a beta of 1.5 means the asset typically moves 150% as much as the benchmark. If the benchmark goes up 1%, the asset is expected to go up 1.5%, and vice versa.) 🔸 Correlation (Describes the strength and direction of a linear relationship between the asset and the mean. Correlation coefficients range from -1 to +1. A correlation of +1 means that two variables are perfectly positively correlated; as one goes up, the other will go up in exact proportion. A correlation of -1 means they are perfectly negatively correlated; as one goes up, the other will go down in exact proportion. A correlation of 0 means that there is no linear relationship between the variables. For example, a correlation of 0.5 between Asset A and Asset B would suggest that when Asset A moves, Asset B tends to move in the same direction, but not perfectly in tandem.) 🔸 RSI (Measures the speed and change of price movements and is used to identify overbought or oversold conditions of each asset. The RSI ranges from 0 to 100 and is typically used with a time period of 14. Generally, an RSI above 70 indicates that an asset may be overbought, while RSI below 30 signals that an asset may be oversold.) ⚙️ Settings Overview: ◽️ Period Periodic inputs (e.g. daily, monthly, etc.) determine when the values are reset to zero and begin accumulating again until the period is over. This visualizes the net change in the data over each period. The input "Visible Range" is auto-adjustable as it starts the accumulation at the leftmost bar on your chart, displaying the net change in your chart's visible range. There's also the "Timestamp" option, which allows you to select a specific point in time from where the values are accumulated. The timestamp anchor can be dragged to a desired bar via Tradingview's interactive option. Timestamp is particularly useful when looking for outperformers/underperformers after a market-wide move. The input positioned next to the period selection determines the timeframe on which the data is based. It's best to leave it at default (Chart Timeframe) unless you want to check the higher timeframe structure of the data. ◽️ Data The first input in this section determines the data that will be displayed. You can choose between Price, OI, and OBV. The second input lets you select which one out of the three asset groups should be displayed. The symbols in the asset group can be modified in the bottom section of the indicator settings. ◽️ Appearance You can choose to plot the data in the form of lines, circles, areas, and columns. The colors can be selected by choosing one of the six pre-prepared color palettes. ◽️ Labeling This input allows you to show/hide the labels and select their appearance and size. You can choose between Label (colored pointed label), Label and Line (colored pointed label with a line that connects it to the plot), or Text Label (colored text). ◽️ Smoothing If selected, this option will smooth the values using a Simple Moving Average (SMA) with a custom length. This is used to reduce noise and improve the visibility of plotted data. ◽️ Highlight If selected, this option will highlight the top and bottom N (custom number) plots, while shading the others. This makes the symbols with extreme values stand out from the rest. ◽️ Group Mean This input allows you to select the data that will be considered as the group mean. You can choose between Group Average (the average value of all assets in the group) or First Ticker (the value of the ticker that is positioned first on the group's list). The mean is then used in calculations such as correlation (as the second variable) and beta (as a benchmark). You can also choose to plot the mean by clicking on the checkbox. ◽️ Profile If selected, the script will generate a vertical volume profile-like display with 10 zones/nodes, visualizing the distribution of assets below and above the mean. This makes it easy to see how many or what percentage of assets are outperforming or underperforming the mean. ◽️ Gradient If selected, this option will color the plots with a gradient based on the proximity of the value to the upper extreme, zero, and lower extreme. ◽️ Table This section includes several settings for the table's appearance and the data displayed in it. The "Reference Length" input determines the number of bars back that are used for calculating correlation and beta, while "RSI Length" determines the length used for calculating the Relative Strength Index. You can choose the data that should be displayed in the table by using the checkboxes. ◽️ Asset Groups This section allows you to modify the symbols that have been selected to be a part of the 3 asset groups. If you want to change a symbol, you can simply click on the field and type the ticker of another one. You can also show/hide a specific asset by using the checkbox next to the field.
Pine Script™ Indikator
von LeviathanCapital
72
Liquidity PeaksThe "Liquidity Peaks" indicator is a tool designed to identify significant supply and demand zones based on volumetric analysis. It analyzes the volume profile within a specified lookback range to pinpoint the most volumetric point and draw corresponding zones on the price chart. The 𝐋𝐢𝐪. 𝐏𝐞𝐚𝐤𝐬 indicator utilizes volume data to identify key supply and demand areas on the price chart. By examining the volume profile within a defined lookback range, it highlights three distinct zones: liquidity grab, volume containment, and the most volumetric point. Zones and their meanings: Liquidity grab (Orange box): This zone represents a price level where there is a significant swipe of the previous demand zone within the volume range. It indicates a potential shift in market sentiment and serves as a key supply or demand area. Volume containment (Gray box): This zone displays the area of volume contained before the peak in volume. It provides insights into the range where buying or selling pressure was concentrated, highlighting potential support or resistance levels. Most volumetric point (Light blue box): This zone represents the point within the lookback range that exhibits the highest volume. It signifies a significant area of market interest and indicates a potential supply or demand level. Adjustable options: Adjust liquidity Grab: This option allows you to adjust the size of the boxes. When enabled, the box size is set to twice the size of the high or low of the candle's wick. This adjustment enhances the visibility and accuracy of identifying swipes at specific price levels. Show origin: Enabling this option ensures that the liquidity boxes are drawn from the wick they were created from. This provides a clear visual reference to the specific candle and highlights the liquidity levels associated with it. Utility: The 𝐋𝐢𝐪. 𝐏𝐞𝐚𝐤𝐬 indicator is a valuable tool for traders and investors seeking to identify significant supply and demand zones in the market. By analyzing volume data and drawing corresponding zones on the chart, it helps to pinpoint areas where buying or selling pressure is likely to emerge. Traders can utilize this information to identify potential support and resistance levels, plan their entries and exits, and make more informed trading decisions. The liquidity grab zones can act as potential reversal or breakout points, while the volume containment zones and most volumetric points provide insights into areas of high market interest. It is important to note that this indicator should be used in conjunction with other technical analysis tools and indicators to confirm trading signals and validate market dynamics. Example Charts:
Pine Script™ Indikator
von EliCobra
11
Supply and Demand Daily [LuxAlgo]The Supply and Demand Daily indicator displays daily supply and demand areas on the user's chart. These areas are constructed using the market data within a previous daily interval. This script makes use of the same logic as our previous Supply and Demand Visible Range indicator . 🔶 USAGE The supply/demand areas & levels displayed by the indicator aim to provide potential support/resistance levels for users. Supply areas highlight where buyers are willing to exit the market and sell the asset, thus providing resistance and potentially causing prices to reverse or bounce back downwards, while demand areas highlights where buyers were willing to purchase the asset, thus providing support and potentially causing prices to reverse or bounce back upwards. Historical areas allow the user to study the evolution of supply/demand from one day to another. Wider areas highlight prices avoiding reverting to this area, while thinner areas highlight prices returning more frequently to them. Trends can be determined by looking at the price position relative to the previous day's supply/demand areas. Price breaking down from the demand zone is indicative of a downtrend, while price breaking above the supply zone is indicative of an uptrend. Pullback/throwback scenarios can also be common using this indicator. 🔶 SETTINGS Threshold %: Percentage of the total visible range volume used as a threshold to set supply/demand areas. Higher values return wider areas. Resolution: Determines the number of bins used to find each area. Higher values will return more precise results. Intra-bar TF: Timeframe used to obtain intra-bar data. 🔶 RELATED SCRIPTS
Pine Script™ Indikator
von LuxAlgo
39
Modified TradingView's Up/Down Volume [vnhilton] When plotting columns, histograms, etc. You'll notice that the indicator does not stick to the bottom of the pane. To fix this, you need another indicator (we'll call this 'placeholder') in the same pane as this indicator. Pin the placeholder indicator to the left scale, & pin the main indicator to the left scale. Then, pin the placeholder indicator to scale A, & finally the main indictor to the right scale. Note: On the daily timeframes & higher, the up/down volume isn't accurate. Therefore, I've added a feature where you can toggle on the main indicator to disappear & only show ordinary total volume similar to the TradingView volume indicator. The original code belongs to TradingView. This is a modified indicator that displays the down volume above the up volume similar to the volume profile. Also includes a moving average using the total volume, & a feature to display ordinary volume to solve the up/down inaccuracies on the daily timeframe & higher.
Pine Script™ Indikator
von vnhilton
Volume Footprint [LuxAlgo]This indicator estimates a volume footprint using tick data. The script automatically separates a candle into equidistant intervals with a width obtained from the average true range or a user-given width. Settings Method: Interval width calculation method. This ultimately determines the number of intervals separating one candle. Width (At the right of Method): Atr period or user given width depending on the selected method. A lower user-given width would divide a candle into a higher number of intervals. As Percent: Returns the accumulated volume within each interval as a percentage of the total candle volume. Style Display Type: Determines the appearance of the returned volume footprint. Trend Color: Color to use based on whether a candle is bullish or bearish. Usage When applied to a chart, the user will be asked to select the settings to use for the volume footprint. Note that changing the settings afterward will reset the volume footprint, removing previously generated footprints. A new footprint will appear on the confirmation of a new bar, as such this version might only be useful in lower timeframes. A volume footprint allows users to see the number of contracts exchanged within a candle interval. It can as such be seen as some kind of intrabar volume profile. This can be useful to see areas of interest within a candle. Different Appearance By default, the volume footprint makes use of colored boxes with a color based on whether the candle was bullish or bearish. Another appearance that gives additional information is the gradient type, which uses intervals color based on the number of contracts exchanged within an interval relative to the total volume of the candle. A higher number of contracts within an interval would return a darker color by default. The regular display type makes use of boxes with a single color, with lines on the side indicating whether the candle was bullish or bearish.
Pine Script™ Indikator
von LuxAlgo
51
Ultimate Multi Indicator - by SachaThe Ultimate Multi Indicator: The Ultimate Guide To Profit This custom indicator, the Ultimate Multi Indicator , integrates multiple trading indicators to have powerful buy and sell signals. I combined MACD, EMA, RSI, Bollinger Bands, Volume Profile, and Ichimoku Cloud indicators to help traders analyze both short-term and long-term price movements. Key Components and How to Use Them - MACD (Moving Average Convergence Divergence): - Use for trend direction and potentiality of reversals. - The blue line (MACD Line) crossing above the orange line (Signal Line) indicates a bullish reversal; the opposite signals a bearish reversal. - Watch for crossovers to confirm the direction of smaller price movements. - 200 EMA (Long) (Exponential Moving Average): - Use to indicate a long-term trend direction. - If the price is above the 200 EMA, the market is in an uptrend; below it suggests a downtrend. - The chart’s background color shifts subtly green (uptrend) or red (downtrend) depending on the EMA's relative position. - RSI (Relative Strength Index): - Tracks momentum and overbought/oversold levels. - RSI over 70 signifies overbought conditions; under 30 indicates oversold. - Look for RSI turning points around these levels to identify potential reversals. - Bollinger Bands : - The price touching or crossing the upper Bollinger Band may mean overbought conditions are filled, while a touch at the lower band indicates oversold. - Bollinger Band interactions often align with key reversal points, especially when combined with other signals. - Volume Profile : - A yellow VP line on the chart represents significant trading volume occurred. - This line can be used as both a support and resistance level, and especially during consolidations or trend changes. - Ichimoku Cloud : - Identifies support/resistance levels and trend direction. - Green and red cloud regions visually show if the price is above (bullish) or below (bearish) key levels. - Price above the cloud (green) confirms a bullish market, while below (red) signals bearish. Signal Conditions and Visualization - Buy Signals : - This is triggered right away when MACD crosses up, RSI is oversold, or price touches the lower Bollinger Band, provided price is above both the Ichimoku Cloud and the 200 EMA. - A green “BUY” label appears below the bar, suggesting a potential entry. - Sell Signals : - This signal is generated when MACD crosses down, RSI is overbought, or price touches the upper Bollinger Band, and price is below the Ichimoku Cloud and the 200 EMA. - A red “SELL” label is shown above the bar, indicating a potential exit. Tips & Tricks - Confirm Signals : Use multiple signals to confirm entries and exits. For example, if both the MACD and RSI align with the Ichimoku Cloud direction, the trade setup is stronger. - Trend Directions : Only take buy signals if the price is above the 200 EMA, and sell signals if it is below, aligning trades with the overall trend. - Adjust for Volatility : In high-volatility markets, especially in the crypto markets, pay close attention to the Bollinger Bands for breakout potential. - Ichimoku as a Trend Guide : Use the Ichimoku Cloud as a guide for long-term support and resistance levels, especially for swing trades. This multi-layered indicator gives a balanced blend of short-term signals and long-term trend insights, making it a versatile tool for day trading, swing trading, or even longer-term analysis. Remember that indicators that will make you rich instantly don't exist. To expect minimum profit from them, you shouldn't trade all you have at the same time but only trade with the money you can afford to lose. After that being said, I wish you traders luck with the Ultimate Multi Indicator!
Pine Script™ Indikator
von SachaAlgos
1
volumeUtilitiesLibrary "volumeUtilities" generate_and_plot_volumeProfile(length, valueArea_perc, plot_vp, show_vp_labels, include_vp_levels)   : Generate and plot volume profile   Parameters:      length (int) : (int): Length of the volume profile indicator      valueArea_perc (float) : (float): Percentage of the volume that will be in the value area      plot_vp (bool) : (bool): Flag to plot or not the indicator      show_vp_labels (bool) : (bool): Flag to plot the labels of the levels      include_vp_levels (bool) : (bool): Flag to include the values inside the labels of the levels   Returns: : Returns POC level, upper value area level, lower value area level and alerts if close is above or below the value area.
Pine Script™ Bibliothek
von AlgoTrader_Pro
VWAP RangeThe VWAP Range indicator is a highly versatile and innovative tool designed with trading signals for trading the supply and demand within consolidation ranges. What's a VWAP? A VWAP (Volume Weighted Average Price) represents an equilibrium point in the market, balancing supply and demand over a specified period. Unlike simple moving averages, VWAP gives more weight to periods with higher volume. This is crucial because large volumes indicate significant trading activity, often by institutional traders, whose actions can reflect deeper market insights or create substantial market movements. The VWAP is also often used as a benchmark to evaluate the efficiency of executed trades. If a trader buys below the VWAP and sells above it, they are generally considered to have transacted favourably. This is how it works: Multiple VWAP Anchors: This indicator uses multiple VWAPs anchored to different optional time periods, such as Daily, Weekly, Monthly, as well as to the highest high a lowest low within those periods. This multiplicity allows for a comprehensive view of the market’s average price based on volume and price, tailored to different trading styles and strategies. Dynamic and Fixed Periods: Traders can choose between using dynamic ranges, which reset at the start of each selected period, and specifying a date and time for a particular fixed range to trade. This flexibility is crucial for analyzing price movements within specific ranges or market phases. Fixed ranges allow VWAPs to be calculated and anchored to a significant market event, the beginning of a consolidation phase or after a major news announcement. Signal Generation: The indicator generates buy and sell signals based on the relationship of the price to the VWAPs. It also allows for setting a maximum number of signals in one direction to avoid overtrading or pyramiding. Be sure to wait for the candle close before trading on the signals. Average Buy/Sell Signal Lines: Lines can be plotted to display the average buy and sell signal prices. The difference between the lines shows the average profit per trade when trading on the signals in that range. It's a good way to see how profitable a range is on average without backtesting the signals. The lines will also often turn into support and resistance areas, similar to value areas in a volume profile. Customizable Settings: Traders have control over various settings, such as the VWAP calculation method and bar color. There are also tooltips for every function. Hidden Feature: There's a subtle feature in this indicator: if you have 'Indicator values' turned on in TradingView, you'll see a Sell/Buy Ratio displayed only in the status line. This ratio indicates whether there are more sell signals than buy signals in a range, regardless of the Max Signals setting. A red value above 1 suggests that the market is trending upward, indicating you might want to hold your long positions a bit longer. Conversely, a green value below 1 implies a downward trend.
Pine Script™ Indikator
von AlgoRhythmica
9
PhantomFlow AccumulationDetectorThe PhantomFlow AccumulationDetector indicator analyzes the volume profile and displays potential accumulation based on the selected timeframe in the settings. This indicator can be used both as zones for trend following and for identifying reversals, as shown in the examples on the chart. The logic behind the formation of the accumulation zone is based on the fact that the POC (Point of Control) of the current zone is within the Volume Area range of the previous period. Optimal settings for the working timeframe should be chosen visually, and the size of the zones should not be too large or too small. Additionally, it's advisable not to consider overly wide zones during increased volatility. Consecutive zones within the same range often indicate a potential reversal. We borrowed the volume profile calculation code from @LonesomeTheBlue. Thank you for the work done!
Pine Script™ Indikator
von PhantomFlow
5
Halfback + One-Time-Framing BarsThis indicator is designed to be used with Market Profile / Volume Profile trading techniques on a 30min chart. The halfback of a candle is the mid point between the high and the low of the candle. A halfback trade can be taken once price retraces into this point as support/resistance using the prevailing trend as your trade direction. One-Time-Framing is a fancy term for trending in one direction. One-Time-Framing happens when a candle breaks the previous candle's high without testing the low or when a candle breaks the low of the previous candle without testing the high. This indicates that the trend is one directional and opposing pressure is very weak. Taking trades in the opposing direction of multiple OTF bars is typically a bad trade setup. Halfback and OTF setups are typically used on a 30min timeframe combined with Market or Volume Profile, but you can experiment with these setups on any timeframe if you wish. I hope you all enjoy this indicator, comment below if you have any questions.
Pine Script™ Indikator
von OasisTrading
2
Koalafied Volume Extension BubblesCircles based on extensions from volume Z-Score. Large volume candles can often signal exhaustion or show market strength in reversals or breakouts. Circles can be offset back to the start of the day/profile or left at the time where they occur. Colours denoting deviations from the mean are +2 std dev - Green +1 std dev - Blue -1 std dev - Red -2 std dev - Purple Concept is primarily as a pseudo volume profile delta tool. Obviously it's a very basic heuristic so would recommend further reading and use of actually footprint data to base trading decisions on.
Pine Script™ Indikator
von Koalafied_3
5
Swing Assassin's Consolidated ScriptI put this script together to essentially consolidate a number of scripts that I use on a daily basis into one script. This is an ongoing improvement effort, so there may be some garbage in here right now so keep that in mind if you intend to use this to help in your trading. There are 5 moving averages (Hull). I use the Fast, Mid and Slow to find entries after I us the Medium Slow and Super Slow to identify a trend. Otherwise, I have those three turned off. This script also uses Bollinger Bands which I literally cannot trade without. The script also has anchored VWAP , automated support/resistance lines, and a homebrewed Volume Profile that is a copy from Ildar Akhmetgaleev's indicator "Poor Man's Volume Profile" used under Mozilla Public License Version 2.0.
Pine Script™ Indikator
von SwingTradeAssassin
3
Uptrick: Smart BoundariesThis script is an indicator that combines the RSI (Relative Strength Index) and Bollinger Bands to highlight potential points where price momentum and volatility may both be at extreme levels. Below is a detailed explanation of its components, how it calculates signals, and why these two indicators have been merged into one tool. This script is intended solely for educational purposes and for traders who want to explore the combined use of momentum and volatility measures. Please remember that no single indicator guarantees profitable results. Purpose of This Script This script is designed to serve as a concise, all-in-one tool for traders seeking to track both momentum and volatility extremes in real time. By overlaying RSI signals with Bollinger Band boundaries, it helps users quickly identify points on a chart where price movement may be highly stretched. The goal is to offer a clearer snapshot of potential overbought or oversold conditions without requiring two separate indicators. Additionally, its optional pyramiding feature enables users to manage how many times they initiate trades when signals repeat in the same direction. Through these combined functions, the script aims to streamline technical analysis by consolidating two popular measures—momentum via RSI and volatility via Bollinger Bands—into a single, manageable interface. 1. Why Combine RSI and Bollinger Bands • RSI (Relative Strength Index): This is a momentum oscillator that measures the speed and magnitude of recent price changes. It typically ranges between 0 and 100. Traders often watch for RSI crossing into “overbought” or “oversold” levels because it may indicate a potential shift in momentum. • Bollinger Bands: These bands are plotted around a moving average, using a standard deviation multiplier to create an upper and lower boundary. They help illustrate how volatile the price has been relative to its recent average. When price moves outside these boundaries, some traders see it as a sign the price may be overstretched and could revert closer to the average. Combining these two can be useful because it blends two different perspectives on market movement. RSI attempts to identify momentum extremes, while Bollinger Bands track volatility extremes. By looking for moments when both conditions agree, the script tries to highlight points where price might be unusually stretched in terms of both momentum and volatility. 2. How Signals Are Generated • Buy Condition: - RSI dips below a specified “oversold” level (for example, 30 by default). - Price closes below the lower Bollinger Band. When these occur together, the script draws a label indicating a potential bullish opportunity. The underlying reasoning is that momentum (RSI) suggests a stronger-than-usual sell-off, and price is also stretched below the lower Bollinger Band. • Sell Condition: - RSI rises above a specified “overbought” level (for example, 70 by default). - Price closes above the upper Bollinger Band. When these occur together, a label is plotted for a potential bearish opportunity. The rationale is that momentum (RSI) may be overheated, and the price is trading outside the top of its volatility range. 3. Pyramiding Logic and Trade Count Management • Pyramiding refers to taking multiple positions in the same direction when signals keep firing. While some traders prefer just one position per signal, others like to scale into a trade if the market keeps pushing in their favor. • This script uses variables that keep track of how many recent buy or sell signals have fired. If the count reaches a user-defined maximum, no more signals of that type will trigger additional labels. This protects traders from over-committing to one direction if the market conditions remain “extreme” for a prolonged period. • If you disable the pyramiding feature, the script will only plot one label per side until the condition resets (i.e., until RSI and price conditions are no longer met). 4. Labels and Visual Feedback • Whenever a buy or sell condition appears, the script plots a label directly on the chart: - Buy labels under the price bar. - Sell labels above the price bar. These labels make it easier to review where both RSI and Bollinger Band conditions align. It can be helpful for visually scanning the chart to see if the signals show any patterns related to market reversals or trend continuations. • The Bollinger Bands themselves are plotted so traders can see when the price is approaching or exceeding the upper or lower band. Watching the RSI and Bollinger Band plots simultaneously can give traders more context for each signal. 5. Originality and Usefulness This script provides a distinct approach by merging two well-established concepts—RSI and Bollinger Bands—within a single framework, complemented by optional pyramiding controls. Rather than using each indicator separately, it attempts to uncover moments when momentum signals from RSI align with volatility extremes highlighted by Bollinger Bands. This combined perspective can aid in spotting areas of possible overextension in price. Additionally, the built-in pyramiding mechanism offers a method to manage multiple signals in the same direction, allowing users to adjust how aggressively they scale into trades. By integrating these elements together, the script aims to deliver a tool that caters to diverse trading styles while remaining straightforward to configure and interpret. 6. How to Use the Indicator • Configure the Inputs: - RSI Length (the lookback period used for the RSI calculation). - RSI Overbought and Oversold Levels. - Bollinger Bands Length and Multiplier (defines the moving average period and the degree of deviation). - Option to reduce pyramiding. • Set Alerts (Optional): - You can create TradingView alerts for when these conditions occur, so you do not have to monitor the chart constantly. Choose the buy or sell alert conditions in your alert settings. • Integration in a Trading Plan: - This script alone is not a complete trading system. Consider combining it with other forms of analysis, such as support and resistance, volume profiles, or candlestick patterns. Thorough research, testing on historical data, and risk management are always recommended. 7. No Performance Guarantees • This script does not promise any specific trading results. It is crucial to remember that no single indicator can accurately predict future market movements all the time. The script simply tries to highlight moments when two well-known indicators both point to an extreme condition. • Actual trading decisions should factor in a range of market information, including personal risk tolerance and broader market conditions. 8. Purpose and Limitations • Purpose: - Provide a combined view of momentum (RSI) and volatility (Bollinger Bands) in a single script. - Assist in spotting times when price may be at an extreme. - Offer a configurable system for labeling potential buy or sell points based on these extremes. • Limitations: - Overbought and oversold conditions can persist for an extended period in trending markets. - Bollinger Band breakouts do not always result in immediate reversals. Sometimes price keeps moving in the same direction. - The script does not include a built-in exit strategy or risk management rules. Traders must handle these themselves. Additional Disclosures This script is published open-source and does not rely on any external or private libraries. It does not use lookahead methods or repaint signals; all calculations are performed on the current bar without referencing future data. Furthermore, the script is designed for standard candlestick or bar charts rather than non-standard chart types (e.g., Heikin Ashi, Renko). Traders should keep in mind that while the script can help locate potential momentum and volatility extremes, it does not include an exit strategy or account for factors like slippage or commission. All code comes from built-in Pine Script functions and standard formulas for RSI and Bollinger Bands. Anyone reviewing or modifying this script should exercise caution and incorporate proper risk management when applying it to their own trading. Calculation Details The script computes RSI by examining a user-defined number of prior bars (the RSI Length) and determining the average of up-moves relative to the average of down-moves over that period. This ratio is then scaled to a 0–100 range, so lower values typically indicate stronger downward momentum, while higher values suggest stronger upward momentum. In parallel, Bollinger Bands are generated by first calculating a simple moving average (SMA) of the closing price for the user-specified length. The script then measures the standard deviation of closing prices over the same period and multiplies it by the chosen factor (the Bollinger Bands Multiplier) to form the upper and lower boundaries around the SMA. These two measures are checked in tandem: if the RSI dips below a certain oversold threshold and price trades below the lower Bollinger Band, a condition is met that may imply a strong short-term sell-off; similarly, if the RSI surpasses the overbought threshold and price rises above the upper Band, it may indicate an overextended move to the upside. The pyramiding counters track how many of these signals occur in sequence, preventing excessive stacking of labels on the chart if conditions remain extreme for multiple bars. Conclusion This indicator aims to provide a more complete view of potential market extremes by overlaying the RSI’s momentum readings on top of Bollinger Band volatility signals. By doing so, it attempts to help traders see when both indicators suggest that the market might be oversold or overbought. The optional reduced pyramiding logic further refines how many signals appear, giving users the choice of a single entry or multiple scaling entries. It does not claim any guaranteed success or predictive power, but rather serves as a tool for those wanting to explore this combined approach. Always be cautious and consider multiple factors before placing any trades.
Pine Script™ Indikator
von Uptrick
1
Scatter PlotThe Price Volume Scatter Plot publication aims to provide intrabar detail as a Scatter Plot . 🔶 USAGE A dot is drawn at every intrabar close price and its corresponding volume , as can seen in the following example: Price is placed against the white y-axis, where volume is represented on the orange x-axis. 🔹 More detail A Scatter Plot can be beneficial because it shows more detail compared with a Volume Profile (seen at the right of the Scatter Plot). The Scatter Plot is accompanied by a "Line of Best Fit" (linear regression line) to help identify the underlying direction, which can be helpful in interpretation/evaluation. It can be set as a screener by putting multiple layouts together. 🔹 Easier Interpretation Instead of analysing the 1-minute chart together with volume, this can be visualised in the Scatter Plot, giving a straightforward and easy-to-interpret image of intrabar volume per price level. One of the scatter plot's advantages is that volumes at the same price level are added to each other. A dot on the scatter plot represents the cumulated amount of volume at that particular price level, regardless of whether the price closed one or more times at that price level. Depending on the setting "Direction" , which sets the direction of the Volume-axis, users can hoover to see the corresponding price/volume. 🔹 Highest Intrabar Volume Values Users can display up to 5 last maximum intrabar volume values, together with the intrabar timeframe (Res) 🔹 Practical Examples When we divide the recent bar into three parts, the following can be noticed: Price spends most of its time in the upper part, with relative medium-low volume, since the intrabar close prices are mostly situated in the upper left quadrant. Price spends a shorter time in the middle part, with relative medium-low volume. Price moved rarely below 61800 (the lowest part), but it was associated with high volume. None of the intrabar close prices reached the lowest area, and the price bounced back. In the following example, the latest weekly candle shows a rejection of the 45.8 - 48.5K area, with the highest volume at the 45.8K level. The next three successive candles show a declining maximum intrabar volume, after which the price broke through the 45.8K area. 🔹 Visual Options There are many visual options available. 🔹 Change Direction The Scatter Plot can be set in 4 different directions. 🔶 NOTES 🔹 Notes The script uses the maximum available resources to draw the price/volume dots, which are 500 boxes and 500 labels. When the population size exceeds 1000, a warning is provided ( Not all data is shown ); otherwise, only the population size is displayed. The Scatter Plot ideally needs a chart which contains at least 100 bars. When it contains less, a warning will be shown: bars < 100, not all data is shown 🔹 LTF Settings When 'Auto' is enabled ( Settings , LTF ), the LTF will be the nearest possible x times smaller TF than the current TF. When 'Premium' is disabled, the minimum TF will always be 1 minute to ensure TradingView plans lower than Premium don't get an error. Examples with current Daily TF (when Premium is enabled): 500 : 3 minute LTF 1500 (default): 1 minute LTF 5000: 30 seconds LTF (1 minute if Premium is disabled) 🔶 SETTINGS Direction: Direction of Volume-axis; Left, Right, Up or Down 🔹 LTF LTF: LTF setting Auto + multiple: Adjusts the initial set LTF Premium: Enable when your TradingView plan is Premium or higher 🔹 Character Character: Style of Price/Volume dot Fade: Increasing this number fades dots at lower price/volume Color 🔹 Linear Regression Toggle (enable/disable), color, linestyle Center Cross: Toggle, color 🔹 Background Color Fade: Increasing this number fades the background color near lower values Volume: Background color that intensifies as the volume value on the volume-axis increases Price: Background color that intensifies as the price value on the price-axis increases 🔹 Labels Size: Size of price/volume labels Volume: Color for volume labels/axis Price: Color for price labels/axis Display Population Size: Show the population size + warning if it exceeds 1000 🔹 Dashboard Location: Location of dashboard Size: Text size Display LTF: Display the intrabar Lower Timeframe used Highest IB volume: Display up to 5 previous highest Intrabar Volume values
Pine Script™ Indikator
von fikira
14
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.
Pine Script™ Indikator
von NellyN
2
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.
Pine Script™ Indikator
von elie_trades
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.
Pine Script™ Indikator
von CapitanAce
1
VWAP Boulevard [vnhilton](OVERVIEW) The idea of this indicator comes from traders identifying supply to mainly look for shorts. Scenarios would be gap ups or pump & dumps where huge volume is transacted, & bag-holders are present. Some traders would draw resistance lines, I myself used to draw supply zones using the volume profile on that day, & others used the day VWAP on those days. VWAP Boulevard (I believe the name comes from the trader named team3dstocks) draws day VWAP lines from the highest volume days for a given period (excluding the current day). (FEATURES) - Draws horizontal & vertical lines from up to 250 highest volume days out of up to 3568 days, with the ability to hide either of these lines, their thicknesses, styles - Extend/cut horizontal lines, or extend them all the way to the right - Show the day VWAP, volume & age for these days in labels, with the ability to show what information you want to see only - Separate customizable color forms for the lines & labels - ordinary (1 color); volume (2 color gradient from lowest to highest volume of the highest volume days); age (2 color gradient from youngest to oldest volume of the highest volume days) - Edit offset & size of labels, & hide them - Hide vertical lines From left to right: Age color; ordinary color; volume color 250 highest volume days in the past year. Very messy so it's very likely you won't be using this but the ability to draw lines from 250 highest volume days is there if needed (DRAWDOWNS) - This indicator will only on the daily timeframe (error message will show up if unaware of this, & can be toggled off). Unfortunately, this would mean you would have to draw the lines manually yourself if you wish to use them on intraday timeframes. - You may also encounter the 'Pine cannot determine the referencing length of a series. Try using max_bars_back' error. This occurs when the lookback period is very high & the indicator attempts to recalculate I believe. If this happens then reload the indicator. The logic I used to obtain the highest volume days were to put all of the volume days in a given period in 1 array, then to sort them from highest to lowest, & also store their sorted indices in an separate array as well, so that drawings for each volume day could be done from the 2 arrays. //Volume for last N periods var int pastVol = array.new_int(lookbackPeriodFixed) for i = 0 to lookbackPeriodFixed - 1 array.set(pastVol, i, int(volume )) sortedIndices = array.sort_indices(pastVol, order.descending) //All Indices of sorted volume from highest to lowest sortedIndices2 = array.slice(sortedIndices, 0, highestVolDays) //Indices of sorted volume from highest to lowest array.sort(pastVol, order.descending) //All Volume sorted from highest to lowest pastVol2 = array.slice(pastVol, 0, highestVolDays) //Volume sorted from highest to lowest //Drawings for i = 0 to highestVolDays - 1 index := array.get(sortedIndices, i) vol := array.get(pastVol, i) Since these array sizes were determined from the lookback period, it would mean that the request.security() function used to obtain daily values on intraday timeframes wouldn't work for a lookback period >20 (20 * 2 values I believe, which are the day VWAP & the day volume) as TradingView has put a maximum amount of calls of 40 in 1 script. Therefore, for intraday plots to work I would have to change the logic for getting the day VWAP & day volume for the highest days, as the request.security() function doesn't work on for loops, & this would also mean that the user would only be able to draw lines from up to 20 highest volume days instead of 250. I couldn't go forward with this as I wasn't able to find the logic to pick the highest volume days & their day VWAPs & times (indexes) without using a for loop. If anyone has any solutions (including for the 'Pine cannot determine the referencing length of a series. Try using max_bars_back' error) then please let me know. I've also left commented-out code for dealing with intraday drawings for future use.
Pine Script™ Indikator
von vnhilton
12
RSI ProfileThis indicator shows the RSI profile from historical RSI Value and High / Low RSI Pivots. It is inspired by the Volume Profile which is a common charting study that indicates activity at specified levels. It plots a histogram on the chart meant to identify dominant/significant levels. This script is profiling RSI levels into a histogram, which can identify the crucial RSI values in the chart. Along with the pivot options that can help identify the dominant pivot points where RSI values had been rebounding historically. How to use: There are three profile types available in the settings. When selecting RSI Values, the indicator will count RSI values from history, and plot the count in a histogram at the end of the chart. If you select RSI Pivots High or RSI Pivots Low, the indicator will count only the RSI Pivot Highs and Lows and plot the count in a histogram. Users can select the Pivot Left/Right length from the settings. Users can extend the POC line to the left, to study how the values had been reacting to POC Please note: Since the RSi values range from 0 to 100, the indicator is rounding off the values to absolute numbers. This can cause a situation where multiple POC are identified, to find the unique POC, you can increase the width of the histogram. The Max/Min RSI settings are for visual purposes only, it can help users shrink down the histogram's top and bottom visibility
Pine Script™ Indikator
von GrandAlgo
1
WMACDThis is MACD but little different. The idea behind this is to use MACD to find resistance and support level first. So we can use the logic of volume profiles for this setting and by imply the MACD on it you can make the hybrid for it . The line represent the both resistance level and if macd is above or bellow the zero if line is red the macd is bellow zero if it lime then it above zero . The bars represent the macd (in gray) - left side is buy and right side is sell so how to use it ? for example : if MACD is red and price is bellow the line we are in bear state and the line represent the resistance lets say price bellow the line and macd line is green then this is buy signal and our goal is to reach the price of the supposed resistance , if price break the line up then we are in bull time mode and strong buy . Now our line will become the support line . you can change the setting of the MACD to make it more sensitive or less sensitive as regular macd with fast and slow length This is a concept idea how to make the MACD to find resistance and support level so try to play with it to see how it work
Pine Script™ Indikator
von RafaelZioni
6
Volume Spikes & Growing Volume Signals With Alerts & ScannerVOLUME SPIKES & GROWING VOLUME SIGNALS WITH ALERTS & SCANNER This indicator shows arrows when there is a volume spike. It also paints the background when volume is growing. There is also a volume scanner for 8 tickers that will change color in real time when your other favorite tickers see volume growth and spikes. You can customize the length of DMI, the number of bars to calculate the current volume average from, the number of bars back to get the overall volume average from, the multiple that needs to be hit to give a signal, the position of the scanner table and which tickers are used in the scanner. There are detailed directions as tooltips in the indicator settings you can read to understand exactly what each input does. All features are customizable as well as which tickers the screener uses. ***HOW TO USE*** Watch for volume to pick up before placing trades as this will help you stay out of the markets when price is choppy. Volume usually brings volatility so watch for the volume signals to show up on the chart. Typically when price has made a big move one direction or is consolidating and you see the volume indicator start giving signals, the market is ready to reverse or continue its current trend but move faster in that direction. Volume Spikes When there is a volume spike that is larger than the average of volume over the last 100+ bars(depending on your settings) multiplied by the volume amount multiplier(in your settings) then an arrow will show up on the chart. This arrow will be green if DMI is bullish and red if DMI is bearish. Volume Growth A Background color will appear when the average volume over the last 5 bars(depending on your settings) is higher than the average volume over the last 100+ bars(depending on your settings) and is greater than your multiple. It will also paint the background when the volume moving average has increased over the last 3 bars consecutively. The background colors will be red or green depending on buy & sell pressure(DMI). If the background color appears, then you know volume is growing and volatility is near. Volume Scanner The scanner can be customized to have all of your favorite tickers by changing the tickers used in the indicator settings at the bottom. When no volume growth or spikes are detected, the ticker will show as light blue. When volume spikes or growth is detected, the ticker will turn orange to notify you. Alerts You can set up alerts as well when there is volume growth, bullish volume spikes and bearish volume spikes on any chart or timeframe. Indicator Settings Settings will need to be adjusted across different tickers as some have large swings in volume and some stay pretty even, so make sure to set up different chart layouts with settings that work for each ticker and save them individually so you don’t have to reset these values every time you switch charts. ***MARKETS*** This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex as long as Tradingview has volume and DMI data for that ticker. ***TIMEFRAMES*** This volume spike indicator can be used on all timeframes as long as there is enough data for Tradingview to use for calculations. ***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 Auto Fibonacci, Volume Profile, Momentum, Auto Support And Resistance and Money Flow Index in combination with this Volume Growth indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Pine Script™ Indikator
von FriendOfTheTrend
12