Update to volume flow script optional colored candles, volume oscillator, strategy shapes
the main rules are in version 1.0 of this indicator, here: and they provide useful info to make sense of the indicator two important improvements: 1 - the candle period is now provided in minutes 2 - the volume MA size does not make an average abymore, now IT CHOOSES the highest value in the range. this provides less, but more significant signals.
This indicator was designed to work in real time, and needs the "calculate on every tick" turned on. It verifies if the volume from the current candle is increasing more or less than the average. Example using 5 min. candles: 1 minute is 20% of the time for the candle. So, if the volume is at 20% or below of the vol.average, the market is stable(price not moving...
Works only on Forex pairs. See the inside bar volatility. Use precision to get data from lower time frames. Be aware that script initialization will be slower with the precision going higher. Added an option to show average volatility for long term as forex market transactions grow rapidly, suppressing all other markets. Bar color changes to green when volatility...
EXPERIMENTAL: Use at your discretion. A different way to look at volume information from a time flowing perspective.
Looks at increasing or decreasing volume over the last 3 bars as well as how the last three price bars have close. The idea is to use a color bar as confirmation of support/resistance at that level.
B3 VWM is a momentum indicator that responds to the change of price in relationship to volume. In the end the final formula is the classic physics test question of p=mv where p is momentum, m is mass and v is velocity. In this indicator mass is the amount of volume it took to move the price where it did, and velocity is the change in price expressed as a...
This is extremely useful tool for analyzing the market. Brian Shannon from alphatrends.net uses this very frequently and I've programmed it for tradingview. you can calculate the VWAP from any dates on the chart and it works with any intraday timeframe. Simply select on the settings icon and select your day month and year parameters! Please follow for more...
Displays sum of volumes for each hour for the given period. Indicator can be used to determine the volatility of the market
Estimates volume up and down, colors separately. Units are in whatever price is in. I made it so I can get volume in btc for all pairs with btc.
playing around with chaikin oscillators and obv+adl combos
OBV takes difference between old close and new close and multiplies by volume without considering high and low. This assigns the entire volume into a single direction even tho movement could've been in both. Accum/dist takes difference between close and high and low without considering previous close or open. This causes huge deviation from OBV when you have...
OBV takes difference between old close and new close and multiplies by volume without considering high and low. This assigns the entire volume into a single direction even tho movement could've been in both. Accum/dist takes difference between close and high and low without considering previous close or open. This causes huge deviation from OBV when you have...
Script shows the volume of the currency pairs in the FXCM mini account. I set it daily or weekly to see which pair is picking up in activity. My style of currency trading is short holds on the highest volatility. This helps me determine which pairs have the highest volume (or tick activity since there is no true exchange for currency). I use this in conjunction...
I have updated the indicator to help visualize volume . The percentage scale is based on a 21 period look back average . The colored volume bars represent volumes that exceed specified standard deviation of this 21 period average as indicated in the figure. The deviation bands are based on a the 55sma of the 21 period average (brown line). A 8 period sma of the 21...
MACD of acc/dist instead of the normal stuff. Dunno if it's actually useful. Just wanted to see what happened. Thanks to ChrisMoody who's macd script I stole
Shows difference between price and daily/weekly/monthly/hourly/whatever VWAP. In v2: option to color bars average percentual difference of custom period histogram changes color depending on which levels it's at Levels/period/color etc can be customized. Use these inputs in the timeframe box: M - month W - week D - day 2D (or 3W or 2M or whatever) = 2 Days (or...