Chickenz Compare performance of 2 Tickers (Default - BTC/LTC)Compare relative performance of 2 Tickers directly on one chart. Default BTC/LTC but can be adjusted to any pair.
First attempt at pine scripts so go gentle on feedback ;)
In den Scripts nach "文华财经tick价格" suchen
In Chart Currency TickersQuick View of Multiple Currencies & Gold Price on Chart
In Chart Currency Tickers will help quick view of Multiple Currencies (Up/Down points & Percentage), you can change symbols on settings as per your requirement
മെയിൻ കറൻസികളും സ്വർണവിലയും റിയൽ ടൈം മോണിറ്റർ ചെയ്യുന്നതിനും മാർക്കറ്റ് സെന്റിമെൻറ് അറിയുന്നതിനും അതിനനുസരിച്ച് ട്രേഡിങ്ങ് ഡിസിഷൻ എടുക്കുന്നതിനും നിങ്ങളെ സഹായിക്കുന്നു
Happy Trading to All..!!!
Asif Kerim Naduvilaparambil
Symbol InfoFor those who likes clean chart:
Adjustable Symbol ticker and timeframe( AKA watermark) script is here.
1: You can place Symbol ticker and timeframe info anywhere on the chart.
Also you can hide one of them or both.
Position:
Horizontal options: Left Center Right
Vertical options: Top Middle Bottom
Size: Tiny Smal Normal Large Huge Auto
Color is adjustable. Background is optional too.
2: Even more cool part is you can add 2 different custom texts that can switch. (Idea from Pinecoders original script)
You don't have to use text function and reposition it everytime, your message will always stays at one place.
Let the chart deliver your message.
I put my favourite trading slangs there:
1. Do Your Own Research (DYOR)
2. Not a Financial Advice ( NFA)
Time and SalesThis scrip mimics time and sales window displaying tick by tick data coming from the exchange.
It only works when the market is open. And it does not store historical data.
Red color when the last price was higher than the new price.
Gray when both were same.
Green when new price is higher than last price.
Please note that I have tested this in India NSE Market Only. If you find anything buggy let me know in the comments, I will try to update it.
Monthly MA Close Generates buy or sell signal if monthly candle closes above or below the signal MA.
Long positions only.
Inputs:
-Change timeframe MA
-Change period MA
-Use SMA or EMA
-Display MA
-Use another ticker as signal
-Select time period for backtesting
This script is not necessarily written to maximize profits, but to minimize losses.
Although it can outperform 'Buy & Hold' on some occasions when there is a multiple month bearisch trend.
You can optimise this strategy by changing the signal MA inputs.
I would suggest aiming for the best Profit Factor starting from the monthly ("M") setting.
You can always fine-tune the results at a lower timeframe.
The option to use another ticker for providing signals can give you a more stable and unified results.
For example using AMEX:SPY as signal with default parameters gives better results with NASDAQ:AAPL than if you would use NASDAQ:AAPL itself.
I used the anti-repainting function from PineCoders to prevent repainting.
This script is best used for multi-month trading positions & Daily or 4H setting of your chart.
NYSE TicksDisplays NYSE ticks as histogram.
Part of market internals dashboard, so make sure to check the other indicators as well.
NeoButane Bitfinex BTC Longs vs. Shorts Tickers Simplified (MtF)With optional overlay for high/low candle values and daily resolution close. Now with MtF to add customization .
Made because I'm too lazy to constantly re-add tickers and to reduce noise.
High Tick Volume Alert (Classic Style)This indicator has the classic appearance of the volume indicator for tick volume. It notifies you according to your individual settings when there is increased volume on price.
Hammer + EMA Strategy with Tick-based SL/TPWhat This Script Does:
Detects Hammer (bullish reversal) and Inverted Hammer (bearish reversal) patterns
Requires a simple trend context (using 2 bars back)
Confirms price position relative to EMA 50
Applies tick-based SL and TP
Plots buy/sell signals on chart with emoji labels
Futures Tick and Point Value TableDisplays a table in the upper right corner of the chart showing the tick and point value in USD.
Big 8 Intraday TICKAt the start of each trading day (0930 EST), this indicator calculates the intraday price difference between open and close for the eight largest market cap stocks (AAPL, AMZN, GOOGLE, META, MSFT, NFLX, NVDA, and TSLA), assigns a +/-1 for each, and then plots the cumulative change. An EMA has been added for smoothing purposes that is set to 5 but can be changed. Please note indicator is best used on lower timeframes (15 min or less) and has no applicability to time frames above 1 hour.
The thought behind this indicator is those eight major stocks drive a majority of intraday price change in indices like SPY and QQQ that are heavily weighted towards these stocks, therefore they should be a leading indicator in price change. You can often catch a move in SPY or QQQ one to two bars (on 1 min chart) ahead of the actual move because you see this indicator moving strong to one direction.
It's not perfect as there are divergences you will see when you compare historical charts, but oftentimes those divergences ultimately lead to significant price swings in the same direction as this indicator, so recommend being on watch to pull the trigger when you see those and price confirms.
You can use this indicator in a few ways:
1. Confirmation that your current trade is in the same direction as this indicator
2. Use the zero cross as a trigger for put or call entry
3. Focusing only on calls/longs if the value is above 0, or only puts/shorts if the value is below zero. Just be sure to keep an eye on reversals.
If you have recommendations on how to improve, let me know and I'll do my best to make changes.
Inflation Adjusted Performance: Ticker/M2 money supplyPlots current ticker / M2 money supply, to give an idea of 'inflation adjusted performance'.
~In the above, see the last decade of bullish equities is not nearly as impressive as it seems when adjusted to account for the FED's money printing.
~Works on all timeframes/ assets; though M2 money supply is daily data release, so not meaningful to plot this on timeframe lower than daily.
~To display on same pane; comment-out line 6 and un-comment line 7; then save, remove and re-add indicator.
~Scale on the right is meaningless; this indicator is just to show/compare the shape of the charts.
Get Ticker Name - JDThis is a small helper script that can help you in case you need to enter exact ticker names in a script.
Gr, JD.
[CLX][#01] Animation - Price Ticker (Marquee)This indicator displays a classic animated price ticker overlaid on the user’s current chart. It is possible to fully customize it or to select one of the predefined styles.
A detailed description will follow in the next few days.
Used Pinescript technics:
- varip (view/animation)
- tulip instance (config/codestructur)
- table (view/position)
By the way, for me, one of the coolest animated effects is by Duyck
We hope you enjoy it! 🎉
CRYPTOLINX - jango_blockchained 😊👍
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely.
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script.
Crypto Base TickerAn example of using str.replace_all() function to extract a crypto ticker without its pair.
It can be useful if you didn't know syminfo.basecurrency existed.
I didn't know syminfo.basecurrency exists. Lol
Average True Range Pivot(2) High and ATR tick colorsTakes original colored ATR tick code from Autarch_Capital and adds pivot (2) high. In image the green upticks are thickened to make them easier to see. Can change in settings.
HG Scalpius - ATR Up/Down Tick HighlightHG Scalpius - ATR Up/Down Tick Highlight
This indicator highlights ATR(14) upticks (green) and downticks (red) and has the below application:
- If a new trend closing high (low) is made on a downtick in ATR, decreasing volatility mode turns on
If you come across or think of any other useful scripts for the HG Scalpius system please comment below!
Links to 2 previous HG Scalpius scripts:
-
-
Happy trading!
Code:
study(title="Average True Range", shorttitle="ATR", overlay=false)
length = input(title="Length", defval=14, minval=1)
smoothing = input(title="Smoothing", defval="RMA", options= )
ma_function(source, length) =>
if smoothing == "RMA"
rma(source, length)
else
if smoothing == "SMA"
sma(source, length)
else
if smoothing == "EMA"
ema(source, length)
else
wma(source, length)
ATR = ma_function(tr(true), length)
c = ATR >= ATR ? color.lime : color.red
plot(ATR, title = "ATR", color=c, transp=0)
Volume per minimum tickThis script calculates the volume traded per minimum tick of a scrip and is an indicator that the price move is justified by volume and trader interest
Intrabar Volume Delta — RealTime + History (Stocks/Crypto/Forex)Intrabar Volume Delta Grid — RealTime + History (Stocks/Crypto/Forex)
# Short Description
Shows intrabar Up/Down volume, Delta (absolute/relative) and UpShare% in a compact grid for both real-time and historical bars. Includes an MTF (M1…D1) dashboard, contextual coloring, density controls, and alerts on Δ and UpShare%. Smart historical splitting (“History Mode”) for Crypto/Futures/FX.
---
# What it does (Quick)
* **UpVol / DownVol / Δ / UpShare%** — visualizes order-flow inside each candle.
* **Real-time** — accumulates intrabar volume live by tick-direction.
* **History Mode** — splits Up/Down on closed bars via simple or range-aware logic.
* **MTF Dashboard** — one table view across M1, M5, M15, M30, H1, H4, D1 (Vol, Up/Down, Δ%, Share, Trend).
* **Contextual opacity** — stronger signals appear bolder.
* **Label density** — draw every N-th bar and limit to last X bars for performance.
* **Alerts** — thresholds for |Δ|, Δ%, and UpShare%.
---
# How it works (Real-Time vs History)
* **Real-time (open bar):** volume increments into **UpVolRT** or **DownVolRT** depending on last price move (↑ goes to Up, ↓ to Down). This approximates live order-flow even when full tick history isn’t available.
* **History (closed bars):**
* **None** — no split (Up/Down = 0/0). Safest for equities/indices with unreliable tick history.
* **Approx (Close vs Open)** — all volume goes to candle direction (green → Up 100%, red → Down 100%). Fast but yields many 0/100% bars.
* **Price Action Based** — splits by Close position within High-Low range; strength = |Close−mid|/(High−Low). Above mid → more Up; below mid → more Down. Falls back to direction if High==Low.
* **Auto** — **Stocks/Index → None**, **Crypto/Futures/FX → Approx**. If you see too many 0/100 bars, switch to **Price Action Based**.
---
# Rows & Meaning
* **Volume** — total bar volume (no split).
* **UpVol / DownVol** — directional intrabar volume.
* **Delta (Δ)** — UpVol − DownVol.
* **Absolute**: raw units
* **Relative (Δ%)**: Δ / (Up+Down) × 100
* **Both**: shows both formats
* **UpShare%** — UpVol / (Up+Down) × 100. >50% bullish, <50% bearish.
* Helpful icons: ▲ (>65%), ▼ (<35%).
---
# MTF Dashboard (🔧 Enable Dashboard)
A single table with **Vol, Up, Down, Δ%, Share, Trend (🔼/🔽/⏭️)** for selected timeframes (M1…D1). Great for a fast “panorama” read of flow alignment across horizons.
---
# Inputs (Grouped)
## Display
* Toggle rows: **Volume / Up / Down / Delta / UpShare**
* **Delta Display**: Absolute / Relative / Both
## Realtime & History
* **History Mode**: Auto / None / Approx / Price Action Based
* **Compact Numbers**: 1.2k, 1.25M, 3.4B…
## Theme & UI
* **Theme Mode**: Auto / Light / Dark
* **Row Spacing**: vertical spacing between rows
* **Top Row Y**: moves the whole grid vertically
* **Draw Guide Lines**: faint dotted guides
* **Text Size**: Tiny / Small / Normal / Large
## 🔧 Dashboard Settings
* **Enable Dashboard**
* **📏 Table Text Size**: Tiny…Huge
* **🦓 Zebra Rows**
* **🔲 Table Border**
## ⏰ Timeframes (for Dashboard)
* **M1…D1** toggles
## Contextual Coloring
* **Enable Contextual Coloring**: opacity by signal strength
* **Δ% cap / Share offset cap**: saturation caps
* **Min/Max transparency**: solid vs faint extremes
## Label Density & Size
* **Show every N-th bar**: draw labels only every Nth bar
* **Limit to last X bars**: keep labels only in the most recent X bars
## Colors
* Up / Down / Text / Guide
## Alerts
* **Delta Threshold (abs)** — |Δ| in volume units
* **UpShare > / <** — bullish/bearish thresholds
* **Enable Δ% Alert**, **Δ% > +**, **Δ% < −** — relative delta levels
---
# How to use (Quick Start)
1. Add the indicator to your chart (overlay=false → separate pane).
2. **History Mode**:
* Crypto/Futures/FX → keep **Auto** or switch to **Price Action Based** for richer history.
* Stocks/Index → prefer **None** or **Price Action Based** for safer splits.
3. **Label Density**: start with **Limit to last X bars = 30–150** and **Show every N-th bar = 2–4**.
4. **Contextual Coloring**: keep on to emphasize strong Δ% / Share moves.
5. **Dashboard**: enable and pick only the TFs you actually use.
6. **Alerts**: set thresholds (ideas below).
---
# Alerts (in TradingView)
Add alert → pick this indicator → choose any of:
* **Delta exceeds threshold** (|Δ| > X)
* **UpShare above threshold** (UpShare% > X)
* **UpShare below threshold** (UpShare% < X)
* **Relative Delta above +X%**
* **Relative Delta below −X%**
**Starter thresholds (tune per symbol & TF):**
* **Crypto M1/M5**: Δ% > +25…35 (bullish), Δ% < −25…−35 (bearish)
* **FX (tick volume)**: UpShare > 60–65% or < 40–35%
* **Stocks (liquid)**: set **Absolute Δ** by typical volume scale (e.g., 50k / 100k / 500k)
---
# Notes by Market Type
* **Crypto/Futures**: 24/7 and high liquidity — **Price Action Based** often gives nicer history splits than Approx.
* **Forex (FX)**: TradingView volume is typically **tick volume** (not true exchange volume). Treat Δ/Share as tick-based flow, still very useful intraday.
* **Stocks/Index**: historical tick detail can be limited. **None** or **Price Action Based** is a safer default. If you see too many 0/100% shares, switch away from Approx.
---
# “All Timeframes” accuracy
* Works on **any TF** (M1 → D1/W1).
* **Real-time accuracy** is strong for the open bar (live accumulation).
* **Historical accuracy** depends on your **History Mode** (None = safest, Approx = fastest/simplest, Price Action Based = more nuanced).
* The MTF dashboard uses `request.security` and therefore follows the same logic per TF.
---
# Trade Ideas (Use-Cases)
* **Scalping (M1–M5)**: a spike in Δ% + UpShare>65% + rising total Vol → momentum entries.
* **Intraday (M5–M30–H1)**: when multiple TFs show aligned Δ%/Share (e.g., M5 & M15 bullish), join the trend.
* **Swing (H4–D1)**: persistent Δ% > 0 and UpShare > 55–60% → structural accumulation bias.
---
# Advantages
* **True-feeling live flow** on the open bar.
* **Adaptable history** (three modes) to match data quality.
* **Clean visual layout** with guides, compact numbers, contextual opacity.
* **MTF snapshot** for quick bias read.
* **Performance controls** (last X bars, every N-th bar).
---
# Limitations & Care
* **FX uses tick volume** — interpret Δ/Share accordingly.
* **History Mode is an approximation** — confirm with trend/structure/liquidity context.
* **Illiquid symbols** can produce noisy or contradictory signals.
* **Too many labels** can slow charts → raise N, lower X, or disable guides.
---
# Best Practices (Checklist)
* Crypto/Futures: prefer **Price Action Based** for history.
* Stocks: **None** or **Price Action Based**; be cautious with **Approx**.
* FX: pair Δ% & UpShare% with session context (London/NY) and volatility.
* If labels overlap: tweak **Row Spacing** and **Text Size**.
* In the dashboard, keep only the TFs you actually act on.
* Alerts: start around **Δ% 25–35** for “punchy” moves, then refine per asset.
---
# FAQ
**1) Why do some closed bars show 0%/100% UpShare?**
You’re on **Approx** history mode. Switch to **Price Action Based** for smoother splits.
**2) Δ% looks strong but price doesn’t move — why?**
Δ% is an **order-flow** measure. Price also depends on liquidity pockets, sessions, news, higher-timeframe structure. Use confirmations.
**3) Performance slowdown — what to do?**
Lower **Limit to last X bars** (e.g., 30–100), increase **Show every N-th bar** (2–6), or disable **Draw Guide Lines**.
**4) Dashboard values don’t “match” the grid exactly?**
Dashboard is multi-TF via `request.security` and follows the history logic per TF. Differences are normal.
---
# Short “Store” Marketing Blurb
Intrabar Volume Delta Grid reveals the order-flow inside every candle (Up/Down, Δ, UpShare%) — live and on history. With smart history splitting, an MTF dashboard, contextual emphasis, and flexible alerts, it helps you spot momentum and bias across Crypto, Forex (tick volume), and Stocks. Tidy labels and compact numbers keep the panel readable and fast.
Strategy█ OVERVIEW
This library is a Pine Script™ programmer’s tool containing a variety of strategy-related functions to assist in calculations like profit and loss, stop losses and limits. It also includes several useful functions one can use to convert between units in ticks, price, currency or a percentage of the position's size.
█ CONCEPTS
The library contains three types of functions:
1 — Functions beginning with `percent` take either a portion of a price, or the current position's entry price and convert it to the value outlined in the function's documentation.
Example: Converting a percent of the current position entry price to ticks, or calculating a percent profit at a given level for the position.
2 — Functions beginning with `tick` convert a tick value to another form.
These are useful for calculating a price or currency value from a specified number of ticks.
3 — Functions containing `Level` are used to calculate a stop or take profit level using an offset in ticks from the current entry price.
These functions can be used to plot stop or take profit levels on the chart, or as arguments to the `limit` and `stop` parameters in strategy.exit() function calls.
Note that these calculated levels flip automatically with the position's bias.
For example, using `ticksToStopLevel()` will calculate a stop level under the entry price for a long position, and above the entry price for a short position.
There are also two functions to assist in calculating a position size using the entry's stop and a fixed risk expressed as a percentage of the current account's equity. By varying the position size this way, you ensure that entries with different stop levels risk the same proportion of equity.
█ NOTES
Example code using some of the library's functions is included at the end of the library. To see it in action, copy the library's code to a new script in the Pine Editor, and “Add to chart”.
For each trade, the code displays:
• The entry level in orange.
• The stop level in fuchsia.
• The take profit level in green.
The stop and take profit levels automatically flip sides based on whether the current position is long or short.
Labels near the last trade's levels display the percentages used to calculate them, which can be changed in the script's inputs.
We plot markers for entries and exits because strategy code in libraries does not display the usual markers for them.
Look first. Then leap.
█ FUNCTIONS
percentToTicks(percent) Converts a percentage of the average entry price to ticks.
Parameters:
percent : (series int/float) The percentage of `strategy.position_avg_price` to convert to ticks. 50 is 50% of the entry price.
Returns: (float) A value in ticks.
percentToPrice(percent) Converts a percentage of the average entry price to a price.
Parameters:
percent : (series int/float) The percentage of `strategy.position_avg_price` to convert to price. 50 is 50% of the entry price.
Returns: (float) A value in the symbol's quote currency (USD for BTCUSD).
percentToCurrency(price, percent) Converts the percentage of a price to money.
Parameters:
price : (series int/float) The symbol's price.
percent : (series int/float) The percentage of `price` to calculate.
Returns: (float) A value in the symbol's currency.
percentProfit(exitPrice) Calculates the profit (as a percentage of the position's `strategy.position_avg_price` entry price) if the trade is closed at `exitPrice`.
Parameters:
exitPrice : (series int/float) The potential price to close the position.
Returns: (float) Percentage profit for the current position if closed at the `exitPrice`.
priceToTicks(price) Converts a price to ticks.
Parameters:
price : (series int/float) Price to convert to ticks.
Returns: (float) A quantity of ticks.
ticksToPrice(price) Converts ticks to a price offset from the average entry price.
Parameters:
price : (series int/float) Ticks to convert to a price.
Returns: (float) A price level that has a distance from the entry price equal to the specified number of ticks.
ticksToCurrency(ticks) Converts ticks to money.
Parameters:
ticks : (series int/float) Number of ticks.
Returns: (float) Money amount in the symbol's currency.
ticksToStopLevel(ticks) Calculates a stop loss level using a distance in ticks from the current `strategy.position_avg_price` entry price. This value can be plotted on the chart, or used as an argument to the `stop` parameter of a `strategy.exit()` call. NOTE: The stop level automatically flips based on whether the position is long or short.
Parameters:
ticks : (series int/float) The distance in ticks from the entry price to the stop loss level.
Returns: (float) A stop loss level for the current position.
ticksToTpLevel(ticks) Calculates a take profit level using a distance in ticks from the current `strategy.position_avg_price` entry price. This value can be plotted on the chart, or used as an argument to the `limit` parameter of a `strategy.exit()` call. NOTE: The take profit level automatically flips based on whether the position is long or short.
Parameters:
ticks : (series int/float) The distance in ticks from the entry price to the take profit level.
Returns: (float) A take profit level for the current position.
calcPositionSizeByStopLossTicks(stopLossTicks, riskPercent) Calculates the position size needed to implement a given stop loss (in ticks) corresponding to `riskPercent` of equity.
Parameters:
stopLossTicks : (series int) The stop loss (in ticks) that will be used to protect the position.
riskPercent : (series int/float) The maximum risk level as a percent of current equity (`strategy.equity`).
Returns: (int) A quantity of contracts.
calcPositionSizeByStopLossPercent(stopLossPercent, riskPercent, entryPrice) Calculates the position size needed to implement a given stop loss (%) corresponding to `riskPercent` of equity.
Parameters:
stopLossPercent : (series int/float) The stop loss in percent that will be used to protect the position.
riskPercent : (series int/float) The maximum risk level as a percent of current equity (`strategy.equity`).
entryPrice : (series int/float) The entry price of the position.
Returns: (int) A quantity of contracts.
exitPercent(id, lossPercent, profitPercent, qty, qtyPercent, comment, when, alertMessage) A wrapper of the `strategy.exit()` built-in which adds the possibility to specify loss & profit in as a value in percent. NOTE: this function may work incorrectly with pyramiding turned on due to the use of `strategy.position_avg_price` in its calculations of stop loss and take profit offsets.
Parameters:
id : (series string) The order identifier of the `strategy.exit()` call.
lossPercent : (series int/float) Stop loss as a percent of the entry price.
profitPercent : (series int/float) Take profit as a percent of the entry price.
qty : (series int/float) Number of contracts/shares/lots/units to exit a trade with. The default value is `na`.
qtyPercent : (series int/float) The percent of the position's size to exit a trade with. If `qty` is `na`, the default value of `qty_percent` is 100.
comment : (series string) Optional. Additional notes on the order.
when : (series bool) Condition of the order. The order is placed if it is true.
alertMessage : (series string) An optional parameter which replaces the {{strategy.order.alert_message}} placeholder when it is used in the "Create Alert" dialog box's "Message" field.
Waindrops [Makit0]█ OVERALL
Plot waindrops (custom volume profiles) on user defined periods, for each period you get high and low, it slices each period in half to get independent vwap, volume profile and the volume traded per price at each half.
It works on intraday charts only, up to 720m (12H). It can plot balanced or unbalanced waindrops, and volume profiles up to 24H sessions.
As example you can setup unbalanced periods to get independent volume profiles for the overnight and cash sessions on the futures market, or 24H periods to get the full session volume profile of EURUSD
The purpose of this indicator is twofold:
1 — from a Chartist point of view, to have an indicator which displays the volume in a more readable way
2 — from a Pine Coder point of view, to have an example of use for two very powerful tools on Pine Script:
• the recently updated drawing limit to 500 (from 50)
• the recently ability to use drawings arrays (lines and labels)
If you are new to Pine Script and you are learning how to code, I hope you read all the code and comments on this indicator, all is designed for you,
the variables and functions names, the sometimes too big explanations, the overall structure of the code, all is intended as an example on how to code
in Pine Script a specific indicator from a very good specification in form of white paper
If you wanna learn Pine Script form scratch just start HERE
In case you have any kind of problem with Pine Script please use some of the awesome resources at our disposal: USRMAN , REFMAN , AWESOMENESS , MAGIC
█ FEATURES
Waindrops are a different way of seeing the volume and price plotted in a chart, its a volume profile indicator where you can see the volume of each price level
plotted as a vertical histogram for each half of a custom period. By default the period is 60 so it plots an independent volume profile each 30m
You can think of each waindrop as an user defined candlestick or bar with four key values:
• high of the period
• low of the period
• left vwap (volume weighted average price of the first half period)
• right vwap (volume weighted average price of the second half period)
The waindrop can have 3 different colors (configurable by the user):
• GREEN: when the right vwap is higher than the left vwap (bullish sentiment )
• RED: when the right vwap is lower than the left vwap (bearish sentiment )
• BLUE: when the right vwap is equal than the left vwap ( neutral sentiment )
KEY FEATURES
• Help menu
• Custom periods
• Central bars
• Left/Right VWAPs
• Custom central bars and vwaps: color and pixels
• Highly configurable volume histogram: execution window, ticks, pixels, color, update frequency and fine tuning the neutral meaning
• Volume labels with custom size and color
• Tracking price dot to be able to see the current price when you hide your default candlesticks or bars
█ SETTINGS
Click here or set any impar period to see the HELP INFO : show the HELP INFO, if it is activated the indicator will not plot
PERIOD SIZE (max 2880 min) : waindrop size in minutes, default 60, max 2880 to allow the first half of a 48H period as a full session volume profile
BARS : show the central and vwap bars, default true
Central bars : show the central bars, default true
VWAP bars : show the left and right vwap bars, default true
Bars pixels : width of the bars in pixels, default 2
Bars color mode : bars color behavior
• BARS : gets the color from the 'Bars color' option on the settings panel
• HISTOGRAM : gets the color from the Bearish/Bullish/Neutral Histogram color options from the settings panel
Bars color : color for the central and vwap bars, default white
HISTOGRAM show the volume histogram, default true
Execution window (x24H) : last 24H periods where the volume funcionality will be plotted, default 5
Ticks per bar (max 50) : width in ticks of each histogram bar, default 2
Updates per period : number of times the histogram will update
• ONE : update at the last bar of the period
• TWO : update at the last bar of each half period
• FOUR : slice the period in 4 quarters and updates at the last bar of each of them
• EACH BAR : updates at the close of each bar
Pixels per bar : width in pixels of each histogram bar, default 4
Neutral Treshold (ticks) : delta in ticks between left and right vwaps to identify a waindrop as neutral, default 0
Bearish Histogram color : histogram color when right vwap is lower than left vwap, default red
Bullish Histogram color : histogram color when right vwap is higher than left vwap, default green
Neutral Histogram color : histogram color when the delta between right and left vwaps is equal or lower than the Neutral treshold, default blue
VOLUME LABELS : show volume labels
Volume labels color : color for the volume labels, default white
Volume Labels size : text size for the volume labels, choose between AUTO, TINY, SMALL, NORMAL or LARGE, default TINY
TRACK PRICE : show a yellow ball tracking the last price, default true
█ LIMITS
This indicator only works on intraday charts (minutes only) up to 12H (720m), the lower chart timeframe you can use is 1m
This indicator needs price, time and volume to work, it will not work on an index (there is no volume), the execution will not be allowed
The histogram (volume profile) can be plotted on 24H sessions as limit but you can plot several 24H sessions
█ ERRORS AND PERFORMANCE
Depending on the choosed settings, the script performance will be highly affected and it will experience errors
Two of the more common errors it can throw are:
• Calculation takes too long to execute
• Loop takes too long
The indicator performance is highly related to the underlying volatility (tick wise), the script takes each candlestick or bar and for each tick in it stores the price and volume, if the ticker in your chart has thousands and thousands of ticks per bar the indicator will throw an error for sure, it can not calculate in time such amount of ticks.
What all of that means? Simply put, this will throw error on the BITCOIN pair BTCUSD (high volatility with tick size 0.01) because it has too many ticks per bar, but lucky you it will work just fine on the futures contract BTC1! (tick size 5) because it has a lot less ticks per bar
There are some options you can fine tune to boost the script performance, the more demanding option in terms of resources consumption is Updates per period , by default is maxed out so lowering this setting will improve the performance in a high way.
If you wanna know more about how to improve the script performance, read the HELP INFO accessible from the settings panel
█ HOW-TO SETUP
The basic parameters to adjust are Period size , Ticks per bar and Pixels per bar
• Period size is the main setting, defines the waindrop size, to get a better looking histogram set bigger period and smaller chart timeframe
• Ticks per bar is the tricky one, adjust it differently for each underlying (ticker) volatility wise, for some you will need a low value, for others a high one.
To get a more accurate histogram set it as lower as you can (min value is 1)
• Pixels per bar allows you to adjust the width of each histogram bar, with it you can adjust the blank space between them or allow overlaping
You must play with these three parameters until you obtain the desired histogram: smoother, sharper, etc...
These are some of the different kind of charts you can setup thru the settings:
• Balanced Waindrops (default): charts with waindrops where the two halfs are of same size.
This is the default chart, just select a period (30m, 60m, 120m, 240m, pick your poison), adjust the histogram ticks and pixels and watch
• Unbalanced Waindrops: chart with waindrops where the two halfs are of different sizes.
Do you trade futures and want to plot a waindrop with the first half for the overnight session and the second half for the cash session? you got it;
just adjust the period to 1860 for any CME ticker (like ES1! for example) adjust the histogram ticks and pixels and watch
• Full Session Volume Profile: chart with waindrops where only the first half plots.
Do you use Volume profile to analize the market? Lucky you, now you can trick this one to plot it, just try a period of 780 on SPY, 2760 on ES1!, or 2880 on EURUSD
remember to adjust the histogram ticks and pixels for each underlying
• Only Bars: charts with only central and vwap bars plotted, simply deactivate the histogram and volume labels
• Only Histogram: charts with only the histogram plotted (volume profile charts), simply deactivate the bars and volume labels
• Only Volume: charts with only the raw volume numbers plotted, simply deactivate the bars and histogram
If you wanna know more about custom full session periods for different asset classes, read the HELP INFO accessible from the settings panel
EXAMPLES
Full Session Volume Profile on MES 5m chart:
Full Session Unbalanced Waindrop on MNQ 2m chart (left side Overnight session, right side Cash Session):
The following examples will have the exact same charts but on four different tickers representing a futures contract, a forex pair, an etf and a stock.
We are doing this to be able to see the different parameters we need for plotting the same kind of chart on different assets
The chart composition is as follows:
• Left side: Volume Labels chart (period 10)
• Upper Right side: Waindrops (period 60)
• Lower Right side: Full Session Volume Profile
The first example will specify the main parameters, the rest of the charts will have only the differences
MES :
• Left: Period size: 10, Bars: uncheck, Histogram: uncheck, Execution window: 1, Ticks per bar: 2, Updates per period: EACH BAR,
Pixels per bar: 4, Volume labels: check, Track price: check
• Upper Right: Period size: 60, Bars: check, Bars color mode: HISTOGRAM, Histogram: check, Execution window: 2, Ticks per bar: 2,
Updates per period: EACH BAR, Pixels per bar: 4, Volume labels: uncheck, Track price: check
• Lower Right: Period size: 2760, Bars: uncheck, Histogram: check, Execution window: 1, Ticks per bar: 1, Updates per period: EACH BAR,
Pixels per bar: 2, Volume labels: uncheck, Track price: check
EURUSD :
• Upper Right: Ticks per bar: 10
• Lower Right: Period size: 2880, Ticks per bar: 1, Pixels per bar: 1
SPY :
• Left: Ticks per bar: 3
• Upper Right: Ticks per bar: 5, Pixels per bar: 3
• Lower Right: Period size: 780, Ticks per bar: 2, Pixels per bar: 2
AAPL :
• Left: Ticks per bar: 2
• Upper Right: Ticks per bar: 6, Pixels per bar: 3
• Lower Right: Period size: 780, Ticks per bar: 1, Pixels per bar: 2
█ THANKS TO
PineCoders for all they do, all the tools and help they provide and their involvement in making a better community
scarf for the idea of coding a waindrops like indicator, I did not know something like that existed at all
All the Pine Coders, Pine Pros and Pine Wizards, people who share their work and knowledge for the sake of it and helping others, I'm very grateful indeed
I'm learning at each step of the way from you all, thanks for this awesome community;
Opensource and shared knowledge: this is the way! (said with canned voice from inside my helmet :D)
█ NOTE
This description was formatted following THIS guidelines
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I sincerely hope you enjoy reading and using this work as much as I enjoyed developing it :D
GOOD LUCK AND HAPPY TRADING!