The "Bias of Volume Share inside STD Deviation Channel" indicator is a powerful tool for traders aiming to assess market sentiment within a standard deviation (STD) price channel. This indicator calculates the bullish or bearish bias by analysing the share of volume within the standard deviation channel and provides valuable insights for...
"Predictive Volume + HTF " is a predictor of real-time to near-future volume % change on the current chart and the next highest time frame. The script calculates the volume's % change (Pred Vol) between Current Volume vs. Previous Volume by predicting whether Pred Vol will be higher or lower at the end of the current bar using an "elapsed time" vs "volume so far"...
The Support and Resistance Signals MTF indicator aims to identify undoubtedly one of the key concepts of technical analysis Support and Resistance Levels and more importantly, the script aims to capture and highlight major price action movements, such as Breakouts , Tests of the Zones , Retests of the Zones , and Rejections . The script supports...
The PTS - Pi-Osc know as Precision Index Oscillator by Roger Medcalf - Precision Trading Systems. How does the Pi-Osc work? Pi-Osc is a highly sophisticated consensus type indicator comprising of many different component signals. A technical traders tool that measures everything from divergences to probabilities all blended into one simple to use...
The Liquidity Heatmap is an indicator designed to spot possible resting liquidity or potential stop loss using volume or Open interest. The Open interest is the total number of outstanding derivative contracts for an asset—such as options or futures—that have not been settled. Open interest keeps track of every open position in a particular contract rather than...
Value at Risk (VAR) is a measure of risk metric in finance used to quantify the potential loss in the value of a portfolio of assets or a single investment in a specific time horizon, given a certain level of confidence. For instance, lets say there is a VAR of $1000000 at the 95% confidence level in a daily time horizon period, that means that there is a 5%...
The Pine Script® developers have unleashed "maps"! Volume Profile (Maps) displays volume, associated with price, above and below the latest price, by using maps The largest and second-largest volume is highlighted. 🔶 USAGE The proposed script can highlight more frequent closing prices/prices with the highest volume, potentially highlighting more liquid...
The indicator calculates a time-decayed moving sum of volume data for both bullish (green) and bearish (red) candles. It then generates a volume share oscillator as a smoothed and weighted (time-decayed) moving sum of bullish volume (positive share) or bearish volume (negative share) relative to the total volume. The volume share is displayed as an area chart...
This indicator plots the Volume Weighted Average Price (VWAP) as well as changes the bar color if the current price is above or below VWAP, for quick visual reference. Background Information Straight from TradingView, "Volume Weighted Average Price (VWAP) is a technical analysis tool used to measure the average price weighted by volume. VWAP is typically used...
The Liquidity Levels/Voids (VP) is a script designed to detect liquidity voids & levels by measuring traded volume at all price levels on the market between two swing points and highlighting the distribution of the liquidity voids & levels at specific price levels. 🔶 USAGE Liquidity is a fundamental market force that shapes the trajectory of...
Hello! Just a quick/fun project here: "Dynamic Heatmap". This script draws a volume delta or open interest delta heatmap for the asset on your chart. The adjective "Dynamic" is used for two reasons (: 1: Self-Adjusting Lower Timeframe Data The script requests ~10 lower timeframe volume and open interest data sets. When using the fixed range feature the...
The Omega Oscillator is a toolkit designed to help both experienced and new traders with their trading decisions. This indicator is a part of the omega toolkit, and his creation method is based on the concept that every trading strategy should have a way to determine the trend, or the bias, that answers the question “long or short?”; the location, which...
The Omega Trend and Signal indicator is a toolkit designed to help both experienced and new traders with their trading decisions. This indicator is a part of the omega toolkit, and his creation method is based on the concept that every trading strategy should have a way to determine the trend, or the bias, that answers the question “long or short?”; the location,...
The PTS Divergence Finder Sell Indicator by Roger Medcalf of Precision Trading Systems. Bearish - Sell Indications only. First and foremost, I have been asked many times why I did not provide a sell divergence indicator while happily providing a buy signal divergence finder for many years. I gave the answer that sell divergences are less reliable than the buy...
█ Overview The Volume SuperTrend AI is an advanced technical indicator used to predict trends in price movements by utilizing a combination of traditional SuperTrend calculation and AI techniques, particularly the k-nearest neighbors (KNN) algorithm. The Volume SuperTrend AI is designed to provide traders with insights into potential market trends, using...
ToolKit: First Impressions for Securities; (like crime scene investigators) 🧐 Our first job is to understand "What did happen here?" (historically, like Price Ranges or Price Performances) 🤔 Secondly, we try to figure out "where are we now?" (like common indicators or Moving Averages) 🤔 Then "What was the chain of events?" (macro, local, fundamentals, shorts,...
PTS Demand Index Indicator for Trading View coded by Precision Trading Systems This is a complex volume-based indicator which has powerful applications as a leading indicator. It belongs in Subgraph two under the chart. It ranges from minus 50 to plus 50 hence the reason that zero is significant in its interpretations. On a regular daily chart of a stock you...
What the Script Does: The indicator aims to identify potential trend reversal points using the following steps: Input Parameters: The script has three main input parameters that you can adjust: relative_volume_threshold: This parameter sets the threshold for what is considered an exceptional volume spike in relation to the average volume. ...