Absorption Zones + Hold-Rate StatsAbsorption Zones + Hold-Rate Stats
WHAT THIS PUBLICATION ADDS
Most volume tools show you WHERE unusual activity happened. This script does
two things beyond that, and the second one is the reason it exists:
1. It detects ABSORPTION - bars where one side hits the market aggressively
(measured with real intrabar up/down volume from a lower timeframe), yet
price refuses to move, which is the classic footprint of large passive
orders defending a level - and turns each event into a zone.
2. It then tracks every zone FORWARD and reports the outcome statistics on
your exact symbol and timeframe: how many zones were retested, how often
a retest actually held, how long the first test took, and the median
reaction size in ATR. The indicator audits itself instead of asking you
to trust its drawings. To my knowledge, self-measured hold-rate reporting
for absorption zones is not available in existing public scripts.
HOW ABSORPTION IS DETECTED
- Intrabar delta: each chart bar is split into lower-timeframe bars
(auto: 60min on D+, 15min on 4H+, 5min on 1H+, 1min below; manual override
available). Volume of rising intrabars counts as buying, falling as selling;
their difference is the bar's delta. Where intrabar history is not
available, a close-location estimate is used and the table reports the real
intrabar coverage so you always know the data quality.
- Two detection models, selectable:
a) Delta absorption: bar volume above the Nth percentile of the lookback
window (default 80th of 200 bars), |delta|/volume above a minimum share
(default 0.12), and the close positioned AGAINST the aggression - heavy
selling that closes in the top of the bar means someone absorbed it
(bullish), and vice versa.
b) Effort vs result: volume above the percentile threshold while the bar
range ranks BELOW its percentile cap (default 50th) - huge effort, no
result - with the close direction defining the side.
- Each zone gets a transparency-scored grade (A/B/C) built from volume
percentile (35%), delta share (30%), close position (20%) and
effort-vs-result compression (15%). The label tooltip shows every component.
- The zone box spans the part of the bar where the passive orders acted:
from the low up to a configurable fraction of the range for bullish zones,
mirrored for bearish.
HOW OUTCOMES ARE MEASURED
- A zone is TESTED when price returns into it on a later bar.
- It counts as HELD if, after the first test, price moves the configured
number of ATR (default 1.5, ATR measured at test time) away from the zone
edge before the zone breaks; it is BROKEN when price closes (or wicks,
selectable) through the far edge. If neither happens within the resolve
window (default 40 bars), the zone is resolved by whether the target was
reached. Same-bar conflicts are resolved as BROKEN, so the reported
hold-rate is conservative.
- Untested zones older than the age limit expire and are excluded, so
statistics only describe zones that price actually revisited.
- The table reports, separately for bullish and bearish zones: zones formed,
tested share, hold-rate with sample size, median bars to first test, and
median reaction in ATR multiples.
HOW TO USE
- Treat active zones as locations where large passive interest was proven,
not as automatic signals. The retest of a fresh A-grade zone is the event
worth your attention; the marker and alerts fire exactly there.
- Read the table first: if the hold-rate on your symbol/timeframe is near a
coin flip or the sample is small, lower the sensitivity (raise the volume
percentile, raise the min delta share) or move to a higher timeframe.
- The zone edge and the sweep low/high give natural invalidation levels.
- Six alerts are available: new bullish/bearish zone, bullish/bearish zone
retest, bullish/bearish zone break.
SETTINGS GUIDE
- Percentile lookback 200 / volume threshold 80 work on most liquid markets.
For quiet instruments lower the threshold to 70; for very active ones
raise it to 90 to keep only exceptional bars.
- Zone width 0.5 matches "the half of the bar where the fight happened";
0.25-0.35 gives tighter, stricter zones.
- Hold target 1.5 ATR suits intraday; swing traders may prefer 2-3 ATR with
a longer resolve window.
LIMITATIONS - READ BEFORE USING
- Intrabar delta is an approximation built from lower-timeframe bars, not
exchange tick data. The coverage row in the table shows exactly what share
of bars used real intrabar data.
- Detection runs on confirmed bars only, so zones and events do not repaint;
the cost is that everything appears at bar close, never mid-bar.
- The hold-rate is descriptive statistics of the loaded chart history, not a
forecast. Past zone behaviour does not guarantee future results. This is a
decision-support tool, not a signal service.
Open-source under MPL 2.0 - study, fork and improve it freely. Indicador
Daily Volume ForecastDaily Volume Forecast
What this indicator does
Daily Volume Forecast projects the full-day trading volume of the current, still-running day — its expected value at the closing bell. It is designed for the Daily chart , where the live bar already carries the volume accumulated so far; the indicator scales that partial volume up to an estimate for the whole session.
The goal is to answer a simple question intraday: is today on track for above- or below-average volume? — before the day is actually over.
How it works
Partial volume so far: On the Daily chart the current bar's volume is the cumulative volume traded since the session open. This is the basis that gets extrapolated.
Elapsed session time: On a daily bar the bar's own hour/minute is the open time, not the current time. The indicator therefore derives the elapsed time from the real wall-clock (timenow) in the instrument's exchange timezone, relative to the configured session, so it knows how far the day has progressed.
Two forecast methods are available:
Intraday Profile (recommended): Intraday volume (e.g. 5-minute) is pulled per day via request.security_lower_tf and averaged into a typical volume-by-time-of-day curve . Because real volume is U-shaped (heavy at the open and close, light at midday), this curve captures how much of a day's volume is normally done by the current time. The forecast is current_volume / expected_fraction_done_by_now, which adapts automatically to the instrument's own shape. Until enough intraday history exists, it falls back to the linear method.
Linear: Assumes volume is spread evenly across the session: forecast = current_volume × (session_length / elapsed_minutes). Simple, requires no extra data, but overestimates the remainder in the morning because it ignores the U-shape.
Live update: The estimate is computed on the current (last) bar and updates as the day develops. When the market is closed, elapsed time clamps to the full session, so the forecast converges to the actual day's volume.
Display
Volume columns of the actual daily volume (historical and current), coloured by up/down day — green when close ≥ open, red otherwise.
Forecast line for the projected full-day volume, extended to the right edge (trackprice) on the current bar.
Label on the last bar showing the estimate (e.g. "Est. 3.2M").
Info table (optional, bottom-right) with the selected method, the forecast, percent of the session elapsed, the current volume, and the number of days used to build the profile.
Settings
Forecast Method: Intraday Profile or Linear.
Trading Session: Session string (default 0930-1600 for US RTH); adjust to the instrument (e.g. 0900-1730 EU stocks, 0000-2400 for 24h / crypto / FX).
Profile Resolution (min): Intraday resolution used to build the volume curve (Intraday Profile only).
Show Historical Daily Volumes: Toggle the volume columns.
Show Info Table: Toggle the table.
Colours for up and down volume.
How to use it
Apply it to a Daily chart (a warning label appears on other timeframes). Use it to gauge participation in real time — to confirm breakouts on rising projected volume, to flag unusually quiet days, or as a context filter alongside a price strategy. The Intraday Profile method is recommended whenever the instrument has a pronounced intraday volume shape; Linear is a lightweight fallback that needs no intraday history.
Notes
request.security_lower_tf provides only a limited amount of recent intraday history (a TradingView/plan limit), so the profile is built from the most recent available days and rolls forward naturally.
The profile method needs a few completed days to warm up; until then it uses the linear fallback.
The session string must match the instrument, otherwise the elapsed-time scaling — and therefore the forecast — is distorted. Extended-hours volume is not considered.
This script is an analysis tool and does not constitute financial advice. A volume forecast is an extrapolation, not a guarantee of the day's outcome.
═══════════════════════════════════════
Daily Volume Forecast — Deutsch
Was macht dieser Indikator?
Daily Volume Forecast prognostiziert das gesamte Tagesvolumen des aktuellen, noch laufenden Tages — den zu erwartenden Wert zum Handelsschluss. Er ist für den Daily-Chart ausgelegt, wo die laufende Kerze bereits das bisher kumulierte Volumen trägt; der Indikator skaliert dieses Teilvolumen auf eine Schätzung für die ganze Session hoch.
Ziel ist es, schon während des Tages eine einfache Frage zu beantworten: Läuft der heutige Tag auf über- oder unterdurchschnittliches Volumen hinaus? — bevor der Tag tatsächlich vorbei ist.
Wie es funktioniert
Bisheriges Teilvolumen: Auf dem Daily-Chart ist das Volumen der aktuellen Kerze das seit Session-Eröffnung kumulierte Volumen. Das ist die Basis, die hochgerechnet wird.
Verstrichene Session-Zeit: Auf einer Tageskerze ist deren Stunde/Minute die Eröffnungszeit, nicht die aktuelle Uhrzeit. Der Indikator leitet die verstrichene Zeit deshalb aus der realen Uhrzeit (timenow) in der Börsen-Zeitzone des Instruments ab, relativ zur eingestellten Session — so weiss er, wie weit der Tag fortgeschritten ist.
Zwei Prognosemethoden stehen zur Wahl:
Intraday Profile (empfohlen): Über request.security_lower_tf wird das Intraday-Volumen (z. B. 5-Minuten) je Tag erhoben und zu einer typischen Volumenkurve nach Tageszeit gemittelt. Da reales Volumen U-förmig ist (viel bei Eröffnung und Schluss, wenig am Mittag), erfasst diese Kurve, welcher Anteil des Tagesvolumens zur aktuellen Uhrzeit normalerweise schon gehandelt ist. Die Prognose ist aktuelles_Volumen / erwarteter_Anteil_bis_jetzt und passt sich automatisch an die Form des Instruments an. Bis genug Intraday-Historie vorliegt, greift der lineare Fallback.
Linear: Nimmt an, dass das Volumen gleichmässig über die Session verteilt ist: Prognose = aktuelles_Volumen × (Session-Länge / verstrichene_Minuten). Einfach, ohne Zusatzdaten, überschätzt aber am Vormittag den Rest, weil die U-Form ignoriert wird.
Live-Update: Die Schätzung wird auf der aktuellen (letzten) Kerze berechnet und aktualisiert sich im Tagesverlauf. Bei geschlossenem Markt wird die verstrichene Zeit auf die volle Session begrenzt, sodass die Prognose gegen das tatsächliche Tagesvolumen konvergiert.
Anzeige
Volumen-Säulen des tatsächlichen Tagesvolumens (historisch und aktuell), eingefärbt nach Up/Down-Tag — grün wenn close ≥ open, sonst rot.
Prognose-Linie für das hochgerechnete Tagesvolumen, auf der aktuellen Kerze bis zum rechten Rand verlängert (trackprice).
Label am letzten Balken mit der Schätzung (z. B. "Est. 3.2M").
Info-Tabelle (optional, unten rechts) mit gewählter Methode, Prognose, Anteil der bereits verstrichenen Session, aktuellem Volumen und Anzahl der für das Profil genutzten Tage.
Einstellungen
Forecast Method: Intraday Profile oder Linear.
Trading Session: Session-String (Standard 0930-1600 für US-RTH); an das Instrument anpassen (z. B. 0900-1730 EU-Aktien, 0000-2400 für 24h / Krypto / FX).
Profile Resolution (min): Intraday-Auflösung zum Aufbau der Volumenkurve (nur Intraday Profile).
Show Historical Daily Volumes: Volumen-Säulen ein-/ausblenden.
Show Info Table: Tabelle ein-/ausblenden.
Farben für Up- und Down-Volumen.
Verwendung
Auf einen Daily-Chart anwenden (auf anderen Timeframes erscheint ein Hinweis-Label). Geeignet, um die Marktbeteiligung in Echtzeit einzuschätzen — etwa zur Bestätigung von Ausbrüchen bei steigender prognostizierter Beteiligung, zum Markieren ungewöhnlich ruhiger Tage oder als Kontext-Filter neben einer Kursstrategie. Die Methode Intraday Profile wird empfohlen, wenn das Instrument eine ausgeprägte Intraday-Volumenform hat; Linear ist ein leichtgewichtiger Fallback ohne Intraday-Historie.
Hinweise
request.security_lower_tf liefert nur eine begrenzte Menge jüngster Intraday-Historie (TradingView-/Abo-Limit), daher basiert das Profil auf den jüngsten verfügbaren Tagen und rollt natürlich mit.
Die Profil-Methode braucht einige abgeschlossene Tage zum "Aufwärmen"; bis dahin greift der lineare Fallback.
Der Session-String muss zum Instrument passen, sonst werden die Zeit-Skalierung — und damit die Prognose — verzerrt. Vor-/Nachbörsliches Volumen wird nicht berücksichtigt.
Dieses Skript ist ein Analyse-Werkzeug und stellt keine Anlageberatung dar. Eine Volumenprognose ist eine Hochrechnung, keine Garantie für den Tagesausgang.
Indicador
Indicador
ZScore SemiConductoresZ-Score of Semiconductor Sector Volume
This custom Pine Script indicator applies a Z-Score calculation to the aggregated trading volume of leading semiconductor companies. The goal is to highlight statistical extremes in sector activity that may signal unusual market behavior.
🔧 How it works
- Fixed ticker list: NVDA, AVGO, TSM, AMD, ASML, MU, ARM, ON, TXN, QCOM, INTC.
- Aggregate volume: The script sums the trading volume of all tickers in the list for the selected timeframe.
- Z-Score calculation:
- Moving average and standard deviation are computed over a configurable window (default = 50 bars).
- Formula:
Z= (Current Volume - Mean) / Standard Deviation
Visualization:
- Z-Score plotted in green.
- Reference lines at 0, ±1σ, ±2σ.
- Labels (triangles) mark critical signals when Z > +2 or Z < -2.
📈 Why it matters
- Detects abnormal surges or drops in sector-wide volume.
- Highlights potential euphoria (+2σ) or panic (-2σ) moments.
- Useful as a filter for trading strategies or as a sector-level alert system.
⚠️ Disclaimer: This script is for educational purposes only and not financial advice
Indicador
ICT HTF Volume Candles (Based on HTF Candles by Fadi)# ICT HTF Volume Candles - Multi-Timeframe Volume Analysis
## Overview
This indicator provides multi-timeframe volume visualization designed to complement price action analysis. It displays volume data from up to 6 higher timeframes simultaneously in a separate panel, allowing traders to identify volume spikes, divergences, and institutional activity without switching between timeframes.
**Original Concept Credits:** This indicator builds upon the HTF Candles framework by Fadi, adapting it specifically for volume analysis with enhanced features including gap-filling for extended hours, multiple scaling methods, and advanced synchronization.
## What Makes This Script Original
### Key Innovations:
1. **Three Volume Scaling Methods:**
- **Per-HTF Auto Scale:** Each timeframe scales independently for detailed comparison
- **Global Auto Scale:** All timeframes use unified scale for relative volume comparison
- **Manual Scale:** User-defined maximum for consistent analysis across sessions
2. **Bullish/Bearish Volume Differentiation:**
- Volume bars colored based on price movement (close vs open)
- Separate styling for bullish (green) and bearish (red) volume periods
- Helps identify whether volume supports price direction
3. **Advanced Time Synchronization:**
- Custom daily candle open times (Midnight, 8:30 AM, 9:30 AM ET)
- Timezone-aware calculations for New York trading hours
- Real-time countdown timers for each timeframe
- **Gap-filling technology** for continuous display during extended hours and weekends
4. **Flexible Display Options:**
- Configurable spacing and positioning
- Label placement (top, bottom, or both)
- Day-of-week or time interval labels on candles
- Works reliably in backtesting and live trading
## How It Works
### Volume Calculation
The indicator uses `request.security()` with optimized parameters to fetch volume data from higher timeframes:
- **Volume Open/High/Low/Close (OHLC):** Tracks volume changes within each HTF candle
- **Color Logic:** Compares HTF close vs open prices to determine bullish/bearish classification
- **Alignment:** All volume bars share a common baseline for easy visual comparison
- **Gap Handling:** Uses `gaps=barmerge.gaps_off` to maintain continuity during non-trading hours
### Technical Implementation
```
1. Monitors HTF timeframe changes using request.security() with lookahead
2. Creates new VolumeCandle object when HTF bar opens
3. Updates current candle's volume H/L/C on each chart bar
4. Applies selected scaling method to normalize display height
5. Repositions all candles and labels on each bar update
6. Fills gaps automatically during extended hours for consistent display
```
### Scaling Methods Explained
**Method 1 - Auto Scale per HTF:**
Each timeframe displays volume relative to its own maximum. Best for identifying patterns within each individual timeframe.
**Method 2 - Global Auto Scale:**
All timeframes share the same scale based on the highest volume across all HTFs. Best for comparing relative volume strength between timeframes.
**Method 3 - Manual Scale:**
User sets maximum volume value. Best for maintaining consistent scale across different trading sessions or instruments.
## How to Use This Indicator
### Setup
1. Add indicator to your chart (it appears in a separate panel below price)
2. Configure up to 6 higher timeframes (default: 5m, 15m, 1H, 4H, 1D, 1W)
3. Set number of candles to display for each timeframe
4. Choose volume scaling method based on your analysis needs
5. Enable "Fix gaps in non-trading hours" for extended hours trading (enabled by default)
### Interpretation
**Volume Spikes:**
- Sudden increase in volume height indicates institutional activity or strong conviction
- Compare volume between timeframes to identify where the real money is moving
- Look for volume spikes that appear across multiple timeframes simultaneously
**Bullish vs Bearish Volume:**
- **Green volume bars:** Price closed higher (buying pressure)
- **Red volume bars:** Price closed lower (selling pressure)
- High green volume during uptrend = confirmation of strength
- High red volume during downtrend = confirmation of weakness
- High volume opposite to trend = potential reversal warning
**Multi-Timeframe Context:**
- **5m/15m:** Scalping and day trading activity
- **1H/4H:** Swing trading and intraday institutional flows
- **Daily/Weekly:** Major position building and long-term trends
**Divergences:**
- Price making new highs but volume declining = weakening trend
- Volume increasing while price consolidates = potential breakout brewing
- Price breaks level but volume doesn't confirm = likely false breakout
### Practical Examples
**Example 1 - Institutional Confirmation:**
Price breaks above resistance. Check volume across timeframes:
- 5m shows spike = retail interest
- 15m + 1H + 4H all show spikes = institutional confirmation
- **Trade confidence: HIGH**
**Example 2 - False Breakout Detection:**
Price breaks resistance with:
- High volume on 5m only
- Normal/low volume on 1H and 4H
- **Interpretation:** Likely retail trap, institutions not participating
- **Action:** Wait for pullback or avoid
**Example 3 - Accumulation Phase:**
Price ranges sideways but:
- Daily volume gradually increasing
- Weekly volume above average
- **Interpretation:** Smart money accumulating
- **Action:** Prepare for breakout in direction of volume
**Example 4 - Volume Divergence:**
Price makes new high:
- Current high has lower volume than previous high across all timeframes
- **Interpretation:** Weakening momentum
- **Action:** Consider profit-taking or reversal trade
## Configuration Parameters
### Timeframe Settings
- **HTF 1-6:** Select timeframes (must be higher than chart timeframe)
- **Max Display:** Number of candles to show per timeframe (1-50)
- **Limit to Next HTFs:** Display only first N enabled timeframes (1-6)
### Styling
- **Bull/Bear Colors:** Separate colors for body, border, and wick
- **Padding from current candles:** Distance offset from live price action
- **Space between candles:** Gap between individual volume bars
- **Space between Higher Timeframes:** Gap between different timeframe groups
- **Candle Width:** Thickness of volume bars (1-4, multiplied by 2)
### Volume Settings
- **Volume Scale Method:** Choose 1, 2, or 3
- 1 = Auto Scale per HTF (each TF independent)
- 2 = Global Auto Scale (all TF unified)
- 3 = Manual Scale (user-defined max)
- **Auto Scale Volume:** Enable/disable automatic scaling
- **Manual Scale Max Volume:** Set maximum when using Method 3
### Label Settings
- **HTF Label:** Show/hide timeframe names with color and size options
- **Label Positions:** Display at Top, Bottom, or Both
- **Label Alignment:** Align centered or Follow Candles
- **Remaining Time:** Show countdown timer until next HTF candle
- **Interval Value:** Display day-of-week or time on each candle
### Custom Daily Candle
- **Enable Custom Daily:** Override default daily candle timing
- **Open Time Options:**
- **Midnight:** Standard 00:00 ET daily open
- **8:30 AM:** Align with economic data releases
- **9:30 AM:** Align with NYSE market open
- Useful for specific trading strategies or market alignment
### Advanced Settings
- **Fix gaps in non-trading hours:** Maintains alignment during extended hours and weekends (recommended: ON)
- Prevents visual gaps during forex weekend closures
- Ensures consistent display during crypto 24/7 trading
- Improves backtesting reliability
## Best Practices
1. **Pair with Price Action:** Use alongside HTF price candles indicator for complete picture
2. **Start Simple:** Enable 2-3 timeframes initially (e.g., 15m, 1H, 4H), add more as needed
3. **Match Settings:** Use same candle width/spacing as companion price indicator for visual alignment
4. **Scale Appropriately:**
- Use **Global scale** (Method 2) when comparing timeframes
- Use **Per-HTF scale** (Method 1) for pattern analysis within each timeframe
- Use **Manual scale** (Method 3) for consistent day-to-day comparison
5. **Watch for Volume Clusters:** High volume appearing simultaneously across multiple HTFs signals significant market events
6. **Confirm Breakouts:** Always check if volume supports the price movement across higher timeframes
7. **Extended Hours:** Keep "Fix gaps" enabled for 24/7 markets (Forex, Crypto) and weekend analysis
## Technical Notes
- **Timezone:** All calculations use America/New_York timezone for consistency
- **Real-time Updates:** Volume and timers update on each tick during market hours
- **Performance:** Optimized with max_bars_back=5000 for extensive historical analysis
- **Compatibility:** Works on all instruments with volume data (Stocks, Forex, Crypto, Futures)
- **Gap Handling:** Uses `barmerge.gaps_off` to fill data gaps during non-trading periods
- **Backtesting:** Uses `lookahead=barmerge.lookahead_on` for stable historical data without repainting
- **Data Continuity:** Automatically handles market closures, weekends, and extended hours
## Updates & Improvements
**Version 2.0 (Current):**
- ✅ Fixed alignment issues during extended hours and weekends
- ✅ Eliminated repainting in backtesting
- ✅ Added gap-filling technology for continuous display
- ✅ Improved data synchronization across all timeframes
- ✅ Enhanced NA value handling for data integrity
- ✅ Added advanced settings group for user control
## Support
For questions, suggestions, or feedback, please comment on the publication or message the author.
---
**Disclaimer:** This indicator is for educational and informational purposes only. It does not constitute financial advice. Past performance is not indicative of future results. Always perform your own analysis and implement proper risk management before making trading decisions.
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Volatility_ZigZag_LibraryThis is a Pine Script library for the public indicator "Volatility ZigZag" by brettkind. For further description, please refer to the information available on the original indicator page.
Library "Volatility_ZigZag_Library"
getValues_andStyling_VolatilityZigZag_byBrettkind(hl_src, SOURCE, length, min_dev_input, stdev_fctr, ZigZag, zz_color, zz_width, zz_devline, zz_points, zz_alert_sign, ZZ_Label, ZZ_Label_clr, rev_text, zz_bars_text, pcabs_text, avg_pcabs_text, pcrel_text, avg_pcrel_text, vol_text, avg_vol_text, input_currency)
Parameters:
hl_src (bool)
SOURCE (float)
length (int)
min_dev_input (float)
stdev_fctr (float)
ZigZag (bool)
zz_color (color)
zz_width (int)
zz_devline (bool)
zz_points (bool)
zz_alert_sign (bool)
ZZ_Label (bool)
ZZ_Label_clr (color)
rev_text (bool)
zz_bars_text (bool)
pcabs_text (bool)
avg_pcabs_text (bool)
pcrel_text (bool)
avg_pcrel_text (bool)
vol_text (bool)
avg_vol_text (bool)
input_currency (string)
getStatisticTable_VolatilityZigZag_byBrettkind(x1, Y1_array, draw_tbl)
Parameters:
x1 (int)
Y1_array (array)
draw_tbl (bool) Biblioteca
Indicador
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Indicador
Weis Wave Volume - Simple labels and comparisonThis script is designed to identify and display the Weis Wave Volume on a chart. The Weis Wave Volume is a volume-based indicator that helps traders analyze market waves, identify trend reversals, and assess the strength of a trend. The script calculates wave volume based on user-defined input parameters, detects price waves, and displays the results as labels on the chart.
This version in particular is based on ideas from @the_MarketWhisperer and some other pieces of the script from @LucF.
The overall functionality of the script is to identify price waves and their corresponding volume. It does this by determining the trend direction and detecting trend reversals based on user-defined inputs such as the Trend reversal length and Price source for trend detection. The script also calculates and displays the cumulative volume of the current wave, the number of bars in the wave, the average volume in the wave, and consecutive increasing average volume bars in the same wave:
- An 'o' is printed to show that the volume of the current wave was 'O'ver/ above the count of the volume from preceding wave (regardless of it being up or down).
- An 'u' is printed to show that the volume of the current wave was 'U'nder/ below the count of the volume from preceding wave (regardless of it being up or down).
- Current wave will be between ' ' signaling that the wave is not confirmed yet.
- Actual values for the wave are available as tooltips. You decide how many bars to show the labels for, but for now and since I am a fan of clean charts, this is set to 50.
The user can adjust various inputs that affect the output of the script, such as Trend reversal length, Price source for trend detection, Labels for X last bars. Adjusting these inputs allows the trader to customize the script's behavior to better suit their trading style or specific market conditions. For example, by increasing the Trend reversal length, the script will require more consecutive bars in the opposite direction to confirm a trend reversal, potentially filtering out shorter-term price fluctuations. Similarly, adjusting the Price source for trend detection allows the user to base trend calculations on different price values, such as the high, low, or close of each bar.
In addition to the customizable inputs, the user can enable or disable the display of pivot markers and choose the colors for the up and down volume labels. This helps the trader to easily visualize and analyze the wave volume information on the chart.
In summary, this script offers traders a powerful tool for visualizing and analyzing the Weis Wave Volume on a chart. By identifying price waves, detecting trend reversals, and providing insights into the strength of a trend based on volume, the script can be a valuable addition to a trader's technical analysis toolbox. Please note this is not meant to provide any buy or sell signals, it should be rather used to complement your existing analysis.
Have fun and trade wisely ;)
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SVA - Simple Volume Analyzer, by BlueJayBird [bjb] ENGLISH & SPANISH
------------------------------------- ENSLIGH
The idea was initially inspired in the concepts shared by @LazyBear on his indicator "Better Volume Indicator" (). But I found it somewhat complicated and dull. So I came up with this.
Concept:
It changes the color of volume bars based on surrounding volume changes.
Volume changes are plotted as volume MAs lines in the volume pane.
Whenever the volume is higher than these MAs, the bar changes color.
For this reason, the bar color change is RELATIVE TO the surroundings, because the color change depends on how far the MA has been extended due to sudden (or not) changes in the volume.
BAR COLORS:
Weak Green and Red: Low volume. The calm before or after the storm.
Normal Green and Red: Mid volume. Still low volume, you may get bored.
Yellow: High volume. Players are playing hard and harder.
White: Ultra-High Volume. The elephants stepped in.
NOTES:
SVA works better at lower timeframes. Though as far as I can tell, it works pretty well as far as 1D timeframe.
------------------------------------- SPANISH
La idea estuvo inicialmente inspirada en los conceptos expuestos por @LazyBear en su indicador "Better Volume Indicator" (). Pero lo encontré un poco complicado y falto de claridad. Así que me inventé este.
Conceptp:
Cambia el color de las barras basándose en los últimos cambios de volumen.
Los cambios de volumen son ploteados como lineas de medias móviles (MAs, es decir "Moving Averages") en la sección del volumen (chart pane).
En cualquier momento que el volumen es mayor que estos MAs, el color de las barras cambia.
Por esta razon, el cambio de color de las barras es RELATIVO a lo que está sucediendo alrededor, ya que el cambio de color depende de qué tan lejos el MA se haya extendido por causa de los últimos cambios (o no) de volumen.
BAR COLORS:
Verde y rojo apagados: Volumen bajo (Low Volume). La calma antes de la tormenta.
Verde y rojo normales: Volumen medio (Mid volume). Volumen todavía bajo. Es posible que te aburras.
Amarillo: Volumen alto (High Volume). Los jugadores están jugando duro.
Blanco: Volumen ultra-alto (Ultra-High Volume). Los elefantes entran a la cancha.
NOTAS:
SVA funciona mejor en temporalidades menores. Pero por lo que he visto, funciona bien hasta la temporalidad de 1D.
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KINSKI Flexible Volume OscillatorThe Volume Oscillator is a trend-oriented indicator that shows the strength or weakness of price trends. This indicator calculates the volume from two moving averages (MA). The value of the slow volume MA is then subtracted from the value of the fast moving average. The Volume Oscillator measures volume by analyzing the relationship between these two moving averages.
The special feature of this indicator is that the type of moving average can be selected as the basis for calculation. Currently, it is possible to choose between the following MA variants:
"COVWMA", "DEMA", "EMA", "EHMA", "FRAMA", "HMA", "KAMA", "RMA", "SMA", "SMMA", "VIDYA", "VWMA", "WMA".
Upward and downward movements are represented in different colors. The following color variants are available:
Color green: Strong upward trend
Color green/dark: weakening upward trend
Color red: strong downward trend
Color red/dark: weakening downward trend
The colors, as well as the style can be adjusted in the settings according to your own needs. Indicador
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Volumen Consolidado por DIVISAS contra BITCOIN #09/2019Volumen Consolidado de Bitcoin clasificado por divisas. Gracias a este indicador se podrá obtener la dominancia y participación en el mercado de las diferentes divisas o contratos. Actualmente el indicador incluye un aproximado de 40 pares de BTC contra diferentes divisas, en las cuales resaltan:
*USD
*USDT
*USDC
*XBT
*CNY
*KRW
*GBP
*EUR
Este indicador es un criterio utilizado para un indicador que estaré subiendo en proximamente, el cuál sí contará con el volumen total expresado en un solo panel. Es decir, este indicador, solo especifica una parte del indicador general, que será el volumen consolidado total, que este expresará la cantidad total de bitcoins negociados a nivel mundial. El USD es la moneda con la que el "Market Maker", respalda sus fondos para operar el mercado, cosa que sabemos, por lo tanto otras divisas serían solo un metodo de compra para el retailer(cosa que me motivó a la creación del indicador ya que se podría conocer el sentimiento y reacción de los mismos en lo que ocurre en el mercado).
Recordemos que el principal problema de los análisis que toman en cuenta el precio y volumen en bitcoin es que tradingview te da a conocer solo el "volumen del exchange", por lo tanto no obtienes una cifra exacta de los bitcoins comprados y/o vendidos en todos los sitios en los que se negocia, lo que dificulta tener una percepción objetiva de lo que sucede en el mercado, ya que te guiarías por el volumen que te da el exchange dónde operas y no el que es real.
Sin nada más que decir, espero que tome en cuenta este recurso para sus análisis, que será esencial para aquellos que operan con precio y volumen.
Si quiere realizar alguna colaboración y/o donación por mí obra, será muy bien bienvenida y agradecida:
BTC: 1TqvNSQs39pr2mLeDo3swcrkYvkK1YQAN
LTC: LKYYkJQHBvnEaJSatp53pg8C7iKp9Jp45B
ETH: 0x6e0902a16a0a0d6379cd8600c455a7ab335278cc Indicador
