Advanced Intraday Darvas BoxThis indicator applies a modern Darvas Box strategy for intraday traders, using non-repainting pivot detection combined with strong filters to reduce chart noise:
Confirmed swing highs and lows: Boxes only form when genuine swing pivots appear, ensuring fully non-repainting signals.
Minimum box height: Small, "noise" boxes are filtered out using ATR multiples for meaningful zones.
Trend filter: Choose EMA, SMA, or VWAP to lock boxes and breakouts to market direction.
Volume confirmation: Boxes are only confirmed when volume is above a user-defined threshold, highlighting high-participation moves.
Breakout filter: Signals trigger only if the breakout candle closes substantially beyond the box, reducing false breakouts.
Limited box display: Recent boxes only, keeping your chart clean and readable.
Features & Inputs
Pivot sensitivity: Set the number of bars for swing calculation.
Box filtering: Specify the minimum ATR multiple for box size.
Trend selection: EMA, SMA, VWAP, or None.
Volume filter & threshold: Activate for greater breakout confidence.
Breakout/Breakdown strength: Set how far price must close beyond the box to signal power.
Maximum boxes: Control the number of active boxes to keep the chart clear.
How to Add and Use
Add to Chart:
Click the “Add to Favorite Scripts” star to mark this indicator.
Open your desired intraday chart (1m–30m works best).
Click “Indicators,” search for “Advanced Intraday Darvas Box,” and add to your chart.
Customize Inputs:
Use the settings gear ⚙️ to adjust pivot sensitivity, trend logic, box filtering, and volume confirmation.
Lower minimum box height or pivot length for more frequent signals. Raise them for sparser, higher conviction setups.
Reading Darvas Boxes:
Box Edges: Horizontal lines mark resistance (top) and support (bottom) of detected zones.
Shaded regions: Highlight the most relevant trading zones and where price could coil before breakout.
Breakout labels (↑/↓): These appear only when price makes a powerful, confirmed move beyond the box edge—aligned with trend.
Alerts: Turn on chart alerts using the “Strong Bullish Breakout” or “Strong Bearish Breakdown” alert conditions for automated signal monitoring.
Best Practices:
Use Darvas boxes to complement price action analysis. Combine with candlestick patterns, volume spikes, and other price structure.
Only trade strong breakout signals confirmed by volume and market direction.
Avoid excessive boxes—adjust "Max Boxes" and filters for your instrument and timeframe.
Important
This indicator is non-repainting and built for display clarity and clean signals.
No brokerage automation, no external linking, and pure price/volume logic—fully compliant with TradingView House Rules.
Always test settings and confirmations before using for live decision-making.
Volumen
14:30 New York OpenRed dotted line at NY open. Shows new traders where NY opens. Helpful for backtesting and when trading that session where it starts very quickly
Volume Peak Box📄 English Description
Overview
The Volume Peak Box indicator highlights periods of unusually high volume by identifying volume spikes using Bollinger Bands on volume and drawing a price-range box around each spike window. This provides traders with a clear visual representation of supply/demand imbalances, absorption zones, and breakout/false-break areas.
All calculations come from one unified concept: detecting statistically significant volume peaks on a locked timeframe and mapping them onto the chart.
Concept & Logic
1. Locked Timeframe Volume Analysis
Instead of using the current chart timeframe, this script allows users to lock volume analysis to any timeframe (e.g., 60m, 4H, 1D).
The script retrieves from the chosen timeframe:
Volume
High price
Low price
This allows volume structure from higher timeframes to be used while trading lower timeframes.
2. Bollinger Bands on Volume
Volume volatility is analyzed using a standard Bollinger Band model:
Basis = SMA(volume, BB length)
Upper Band = Basis + (mult × standard deviation)
When:
Volume > Upper Band
→ This bar is classified as a Volume Peak.
This approach makes the peak detection statistically meaningful, instead of simply comparing raw volume to previous bars.
3. Peak Session Detection (Continuous Peaks Form One Box)
The script tracks continuous volume peaks:
When a peak starts → begin a session
While peaks continue → extend the session
When peaks end → session closes and a box is created
For each peak session, the script records:
Start bar index
End bar index
Highest high within the session
Lowest low within the session
These values determine the box boundaries.
This allows the indicator to group related peaks into a single price zone, instead of drawing a box for every bar.
4. Drawing the Volume Peak Box
When a session ends, the script draws:
A filled box covering the full price range
From startBar → endBar
Using user-defined:
Box fill color
Border color
Each box visually marks a region where strong participation entered the market, often signaling:
Breakout validation
Absorption zones
Supply/demand imbalance
High-activity trading decisions
How to Use
Use the boxes to identify high-volume reaction zones.
When price revisits a box:
Expect strong reactions (bounce, rejection, or absorption).
When price breaks out from a box:
Can signal continuation with momentum.
Lower-timeframe entry signals become more reliable when aligned with high-timeframe volume boxes.
Recommended to lock the TF to:
60m for intraday
4H or 1D for swing trading
Why This Script Is Original
It uses Bollinger Bands on volume, not price — a less common volatility-based method for detecting volume anomalies.
It groups continuous peaks into unified zones instead of treating each spike separately.
The ability to lock the volume analysis to a higher timeframe allows multi-timeframe volume interpretation without cluttering the chart.
Boxes give traders a clean and intuitive view of volume-based “decision zones”.
🇹🇭 Thai Description — คำอธิบายภาษาไทย
ภาพรวม
อินดิเคเตอร์ Volume Peak Box ใช้การตรวจจับ “Volume Peak” โดยใช้ Bollinger Band บน Volume แล้วสร้าง “กล่องช่วงราคา” ครอบช่วงที่มี Volume สูงผิดปกติ ทำให้เห็นบริเวณที่มีแรงซื้อขายเข้ามาอย่างชัดเจน เช่น จุด Breakout, จุด Absorption, หรือเขต Supply/Demand
แนวคิดและหลักการทำงาน
1. วิเคราะห์ Volume จาก Timeframe ที่ล็อกไว้
คุณสามารถเลือก TF ที่ต้องการให้ Volume ถูกนำมาคำนวณ เช่น 60 นาที, 4 ชั่วโมง, 1 วัน
แม้คุณจะเปิดกราฟ TF เล็ก เช่น 5m แต่กล่องยังอิง volume จาก TF ที่เลือกไว้ ทำให้ได้ “โซน Volume ใหญ่” ที่แม่นยำขึ้น
2. Bollinger Band บน Volume
ใช้ SMA + ส่วนเบี่ยงเบนมาตรฐานของ Volume เพื่อหา “จุดที่ Volume สูงกว่าปกติอย่างมีนัยสำคัญ”
เงื่อนไข Peak:
Volume > Upper Bollinger Band
นี่เป็นวิธีที่ดีกว่า “เทียบกับแท่งก่อนหน้า” เพราะคิดจากสถิติของทั้งช่วง
3. รวม Peak ต่อเนื่องเป็นกล่องเดียว
ถ้า Volume Peak เกิดต่อเนื่องหลายแท่ง:
จะถูกจับรวมเป็น Peak session เดียว
ใช้ High สูงสุด และ Low ต่ำสุดของทั้ง session
เมื่อ Peak จบ → วาดกล่องช่วงราคา
เหมาะกับการหาจุดที่ตลาดมีแรงเข้าซื้อ/ขายหนักในช่วงเวลาเดียวกัน
4. วาดกล่อง Volume Peak
กล่องจะครอบ:
ช่วงแท่งเริ่มต้น → แท่งสุดท้ายของ Peak
ความสูงของกล่อง = ช่วงราคาที่มี Volume สูงผิดปกติ
กล่องสามารถใช้เป็น:
โซน Breakout/Breakdown
โซน Supply/Demand
เขตที่ราคามักมี reaction
วิธีใช้งาน
ใช้กล่องเป็น “เขตการตัดสินใจ” (Decision Zone)
ราคาแตะซ้ำมักเกิดการกลับตัวหรือความผันผวนสูง
การทะลุกล่องบ่อยครั้งนำไปสู่ขาเทรนด์ใหญ่
เหมาะกับการใช้ร่วมกับ Price Action และโครงสร้างราคา
จุดเด่น / ความเป็น Original
ใช้ Bollinger Band บน Volume (น้อยอินดี้ทำ)
รวม Peak ต่อเนื่องเป็น session เดียว
วิเคราะห์ Volume ข้าม TF ได้ โดยไม่ต้องเปลี่ยน TF บนกราฟ
ได้ “โซน Volume สำคัญ” แบบชัดเจน อ่านง่าย ไม่รกจอ
20 Day Range High/Low (Turtle Soup)This indicator identifies the Highest High and Lowest Low of the last 20 periods (customizable) and projects horizontal support/resistance lines to the right.
Unlike standard Donchian Channels or other High/Low indicators that clutter the chart with historical "steps" or extend lines infinitely to the left, this script focuses on chart cleanliness.
Key Features:
Pivot-Point Start: The lines do not span the whole chart. They start exactly at the candle where the High or Low occurred.
Right Extension: Lines extend only to the future, providing a clear visual for potential breakouts or support levels.
No Historical Clutter: It does not draw the past movement of the High/Low, keeping your chart clean for price action analysis.
Dynamic: As new Highs or Lows are made, the lines instantly update to the new positions.
How to Use:
Trend Identification: Use the High line as a resistance/breakout level (similar to Turtle Trading strategies).
Stop Loss Placement: The Low line of the last 20 days often acts as a trailing stop location for long-term trends.
Timeframes: While designed for the classic "20-Day" lookback on the Daily chart, this script works on any timeframe (e.g., finding the 20-hour range on a 1H chart).
Settings:
Length: Default is 20 bars. You can change this in the settings to any lookback period you prefer (e.g., 50, 100).
Smoothed VWAP Bands + EMAsSmoothed VWAP bands
With my script, you take the raw standard deviation and apply an EMA (exponential moving
Advantages:
1. Less noise:
* The bands don’t jump around with every tiny price spike.
* Makes it easier to judge real price extremes.
2. Better zone visualization:
* Inner and outer bands are smoother and more visually “stable.”
* Easier to see meaningful trends, support/resistance, and breakout zones.
3. Fewer fakeouts:
* Traders can filter out small false signals because smoothed bands only move when volatility actually changes.
4. Dynamic to volatility:
* EMA smoothing keeps the bands adaptive:
* In quiet periods, bands tighten.
* In volatile periods, bands expand.
* But it avoids extreme jitter caused by every micro-move.
Safe Zone Rules
1. Long entries (green zone):
* Price above VWAP (trend bullish).
* Price inside inner band ±1σ (not touching outer extremes).
* Optional: candle close confirmation (price fully above inner band).
2. Short entries (red zone):
* Price below VWAP (trend bearish).
* Price inside inner band ±1σ.
* Optional: candle close confirmation.
3. Outer bands (±2σ):
* Considered overextended zones → avoid entries to reduce fakeouts.
4. Visual cues:
* Safe zones shaded lightly green/red inside inner band.
* Outer bands remain unshaded (for context).
Here’s a cheat sheet for trading the Smoothed VWAP Bands + EMAs that shows safe entry zones and trend alignment clearly.
Smoothed VWAP Bands + EMAs Cheat Sheet
Price Action Relative to Bands & EMAs
+2σ (Outer Upper Band)
----------------
Extreme volatility zone
Avoid entries here
+1σ (Inner Upper Band)
----------------
Safe zone limit for longs
Consider profit taking here
VWAP Line (Green = Bullish, Red = Bearish)
==================
Core trend indicator
Only trade in VWAP trend direction
-1σ (Inner Lower Band)
----------------
Safe zone limit for shorts
Good for entries in trend direction
-2σ (Outer Lower Band)
----------------
Extreme volatility zone
Avoid entries here
1️⃣ Trend Direction with VWAP & EMAs
* VWAP → shows the overall session trend.
* Price above VWAP → bullish
* Price below VWAP → bearish
* EMA 5 (blue) → short-term momentum
* EMA 20 (orange) → medium-term trend
Rule: Only take trades in the direction of the trend:
* Long trades → price > VWAP and EMA 5 > EMA 20
* Short trades → price < VWAP and EMA 5 < EMA 20
This prevents chasing trades against the trend and reduces fakeouts.
2️⃣ Entry Zones Using Smoothed VWAP Bands
* Inner band (±1σ) → “safe entry zone”
* Outer band (±2σ) → volatility extremes → avoid entries here
Rule: Enter longs inside the inner band above VWAP and shorts inside the inner band below VWAP.
Best used on intraday timeframes.
15, 5, 2, 1 min charts.
Normalised Volume Oscillator [BackQuant]Normalised Volume Oscillator
A refined evolution of the Klinger Volume Oscillator, rebuilt for clarity, precision, and adaptability. This tool normalizes volume-driven momentum into a bounded scale so you can easily identify shifts in accumulation and distribution across any asset or timeframe, while keeping readings comparable between markets.
What this indicator does
The Normalised Volume Oscillator quantifies the balance between buying and selling pressure using the Klinger Volume Oscillator (KVO) as its base, then rescales it dynamically into a normalized range between -0.5 and +0.5. This normalization allows traders to interpret relative strength and exhaustion in volume flow, rather than dealing with raw unbounded values that differ across symbols.
It is a momentum-volume hybrid that reveals the strength of trend participation: when buyers dominate, normalized readings rise toward +0.5; when sellers dominate, they fall toward -0.5. The midline (0) acts as an equilibrium between accumulation and distribution.
Core components
Klinger Volume Oscillator: The foundation of this indicator, combining volume with price trend direction to measure long-term money flow relative to short-term movement.
Normalization process: The raw KVO is scaled over a user-defined Normalisation Period , computing `(KVO - lowest) / (highest - lowest) - 0.5`. This centers all readings around zero, allowing overbought/oversold detection independent of asset volatility or volume magnitude.
Signal moving average: The normalized KVO is smoothed with a user-selectable moving average type—SMA, EMA, DEMA, TEMA, HMA, ALMA, and others. This becomes the signal line for confirmation of trend direction or mean-reversion setups.
How it works conceptually
1. The KVO detects when volume supports price movement (bullish) or diverges from it (bearish).
2. The script normalizes the raw KVO so that relative magnitude is consistent—what is “strong buying pressure” looks the same on BTCUSD as it does on AAPL.
3. Overbought and oversold regions are derived statistically, rather than from arbitrary values, based on percentile zones around ±0.4 and ±0.5.
4. The oscillator is optionally combined with a moving average to help identify crossovers, momentum shifts, and divergence confirmation.
How to interpret it
Above 0: Indicates dominant buying pressure and likely continuation of upward momentum.
Below 0: Suggests dominant selling pressure and potential continuation of downward movement.
Crosses of 0: Often mark transitions between accumulation and distribution phases.
+0.4 to +0.5 zone: Overbought region where buying intensity is stretched; watch for deceleration or divergence.
[-0.4 to -0.5 zone: Oversold region indicating panic or exhaustion in selling.
Signal-line crossover: A traditional momentum confirmation method; when the normalized KVO crosses above its moving average, buyers regain control, and vice versa.
Why normalization matters
Typical volume oscillators are asset-specific—what is considered “high” volume for one symbol is not the same for another. By dynamically normalizing KVO values within a rolling lookback, this version transforms raw amplitude into a standardized scale. This means you can:
Compare multiple assets objectively.
Set consistent alert thresholds for overbought/oversold regions.
Avoid misleading interpretations from absolute oscillator values.
Customization and UI
Moving Average Type & Period: Select your preferred smoothing method (SMA, EMA, TEMA, etc.) and adjust its period to tune sensitivity.
Normalisation Period: Defines how many bars the KVO range is measured over; shorter periods adapt faster, longer ones smooth more.
Visual Toggles:
* Show Oscillator : enables or hides the core histogram.
* Show Moving Average : adds a smoothed overlay for signal confirmation.
* Paint Candles : optional color overlay for chart candles based on oscillator direction.
* Show Static Levels : displays ±0.4 and ±0.5 zones for overbought/oversold boundaries.
How to use it
Trend confirmation: Use midline (0) crossovers as confirmation of emerging trend shifts—cross above 0 suggests a new bullish phase, cross below 0 a bearish one.
Reversal spotting: Look for normalized readings reaching ±0.5 and flattening, or diverging against price extremes.
Divergence analysis: When price makes a new high but the normalized oscillator fails to, it signals waning buying conviction (and vice versa for lows).
Multi-timeframe integration: Works best alongside higher timeframe trend filters or moving averages; normalization makes this consistent.
Alerts
Prebuilt alert conditions allow quick automation:
Midline crossovers (0): transition between accumulation and distribution.
Overbought (+0.4) and Oversold (-0.4) triggers for potential exhaustion.
Signal moving-average crosses for confirmation entries.
Tips for use
Combine with price structure—don’t fade every overbought/oversold reading; confirm with break of structure or candle patterns.
Use longer normalization periods for position trading, shorter for intraday analysis.
In choppy markets, treat 0-line oscillations as noise filters, not trade triggers.
Summary
The Normalised Volume Oscillator modernizes the classic Klinger Volume Oscillator by normalizing its readings into a standardized range. This makes it more adaptive across assets and timeframes, improves interpretability, and provides intuitive, data-driven overbought/oversold levels. Whether used standalone or as a confirmation layer, it offers a clearer view of volume dynamics—revealing when markets are truly being accumulated, distributed, or stretched beyond their sustainable extremes.
My script//@version=5
indicator("200-Day Volume MACD Oscillator", overlay=false)
length = 200
vol_avg = ta.sma(volume, length)
oscillator = volume - vol_avg
plot(oscillator, style=plot.style_histogram, color=oscillator >= 0 ? color.green : color.red, title="Volume MACD Oscillator")
Smart RSI Money Flow - Core Bands V1.01SMART RSI – Money Flow Bands (Technical Overview)
1. Background: RSI and Its Behavior on Lower Timeframes
The Relative Strength Index (RSI) originally is a momentum oscillator calculated from average gains and losses over a selected period. In its standard form, RSI is derived solely from price changes; it does not incorporate volume data or order-flow information in its formula.
Because RSI is price-based, its interpretation depends strongly on the timeframe:
• On higher timeframes, each bar aggregates more trading activity, and RSI tends to behave more smoothly.
• On lower timeframes (1-hour down to intraday scalping intervals), price fluctuations are quicker, and RSI becomes more sensitive to short-term noise.
This does not imply that RSI becomes invalid, but that its signals on fast charts can be more reactive and may benefit from additional context such as volume behavior or structural information.
2. Purpose of This Indicator
This indicator extends the classical RSI by adding information that RSI does not include:
• Mapping RSI values into price-based bands instead of the 0–100 oscillator space.
• Retrieving lower timeframe volume data and separating it into buy and sell components.
• Comparing the slope (angle) of price movement with the slope of buy and sell volume.
The goal is to provide a structural interpretation of where price sits relative to RSI conditions and how volume is behaving on a lower timeframe.
3. Technical Differences Compared to Classical RSI
A) Classical RSI
• Input: price only (usually close).
• Output: normalized oscillator between 0 and 100.
• Does not incorporate intra-bar volume distribution.
• Does not separate buy/sell volume.
B) SMART RSI – Money Flow Bands
1) RSI-to-Price Mapping
Converts RSI values into upper/lower price bands using recent price extremes.
2) Lower Timeframe Volume Decomposition
Retrieves LTF data and splits each bar’s volume into buy (close>open) and sell (close
Smoothed VWAP Bands🎯 Best Smoothing Setting for Scalping (What You Should Use)
Style σ Smoothing Result
Fast scalping (1min) EMA 14 Very responsive, still filters noise
Balanced intraday (1–5min) EMA 20 Best overall reliability
Slow confirmation (5–15min) EMA 30 Eliminates nearly all fakeouts
✅ What We Are Actually Smoothing
You are NOT smoothing VWAP itself.
You are smoothing the standard deviation (σ) that creates the VWAP bands:
✔ What this does:
* Computes the raw standard deviation (σ) of price relative to VWAP
* Smooths that σ using EMA smoothing
* Builds ±1 and ±2 bands using the smoothed σ
* You get clean, stable bands that filter fakeouts
✔ Result:
* Bands do NOT twitch in chop
* Fakeouts are filtered
* Real breakouts show obvious expansion
RTH Open ± Ø DailyRange (Summertime)The script draws two horizontal dashed lines on your intraday chart during Regular Trading Hours (RTH).
Upper line: RTH Open + average daily range (last 10 days).
Lower line: RTH Open – average daily range. The lines begin at the first bar of the RTH session (09:00 MESZ, UTC+2) and extend dynamically to the current bar.
RTH Open ± Ø DailyRange (wintertime)verview
The script draws two horizontal lines on your chart based on the RTH Open (Regular Trading Hours start at 09:00 CET, winter time). These lines are offset by the average daily range (the average of the last 10 days’ high–low range). The lines begin at the first bar of the RTH session and extend dynamically to the current bar.
150% Volume Surge1M charts show 150% volume surge to confirm scalping oppos in the direction of the general trend.
Ultra Strong Key Levels Ultra Strong Key Levels (Volume-Highlighted, Scalable)
This indicator automatically detects very strong support and resistance levels using high-strength pivots combined with clustered volume analysis.
It highlights only the most meaningful levels — those backed by significant volume activity — and visually scales each level based on its importance.
How It Works
Identifies strong pivot highs and lows using a customizable pivot strength.
Calculates clustered volume around each pivot to determine how important that level is.
Filters out weak levels by requiring volume around the pivot to exceed a dynamic threshold.
Draws each valid level with:
Adaptive line width (higher volume = thicker line)
Dynamic color intensity (higher volume = brighter line)
Keeps the chart clean by storing only the 10 most recent strong highs and lows.
Inputs
Pivot Strength — Defines how strong a pivot must be to qualify. Larger values = fewer but more reliable levels.
Volume Multiplier — Adjusts sensitivity to volume around the pivot.
Volume Window — Number of bars before and after the pivot used to calculate cluster volume.
Max Line Width — Upper limit for level thickness.
What This Indicator Shows
Red levels = Strong resistance zones (pivot highs with heavy volume)
Green levels = Strong support zones (pivot lows with heavy volume)
Thicker and more intense lines represent higher trading activity, meaning the level is more likely to impact price behavior.
Use Cases
Spot high-value reversal zones
Identify institutional reaction levels
Confirm key breakout/ breakdown points
Combine with trend tools or volume profile for enhanced precision
If you'd like, I can also create:
✓ A shorter version
✓ SEO-optimized TradingView description
✓ A version formatted with bullets, emojis, or markdown style
Frequency Momentum Oscillator [QuantAlgo]🟢 Overview
The Frequency Momentum Oscillator applies Fourier-based spectral analysis principles to price action to identify regime shifts and directional momentum. It calculates Fourier coefficients for selected harmonic frequencies on detrended price data, then measures the distribution of power across low, mid, and high frequency bands to distinguish between persistent directional trends and transient market noise. This approach provides traders with a quantitative framework for assessing whether current price action represents meaningful momentum or merely random fluctuations, enabling more informed entry and exit decisions across various asset classes and timeframes.
🟢 How It Works
The calculation process removes the dominant trend from price data by subtracting a simple moving average, isolating cyclical components for frequency analysis:
detrendedPrice = close - ta.sma(close , frequencyPeriod)
The detrended price series undergoes frequency decomposition through Fourier coefficient calculation across the first 8 harmonics. For each harmonic frequency, the algorithm computes sine and cosine components across the lookback window, then derives power as the sum of squared coefficients:
for k = 1 to 8
cosSum = 0.0
sinSum = 0.0
for n = 0 to frequencyPeriod - 1
angle = 2 * math.pi * k * n / frequencyPeriod
cosSum := cosSum + detrendedPrice * math.cos(angle)
sinSum := sinSum + detrendedPrice * math.sin(angle)
power = (cosSum * cosSum + sinSum * sinSum) / frequencyPeriod
Power measurements are aggregated into three frequency bands: low frequencies (harmonics 1-2) capturing persistent cycles, mid frequencies (harmonics 3-4), and high frequencies (harmonics 5-8) representing noise. Each band's power normalizes against total spectral power to create percentage distributions:
lowFreqNorm = totalPower > 0 ? (lowFreqPower / totalPower) * 100 : 33.33
highFreqNorm = totalPower > 0 ? (highFreqPower / totalPower) * 100 : 33.33
The normalized frequency components undergo exponential smoothing before calculating spectral balance as the difference between low and high frequency power:
smoothLow = ta.ema(lowFreqNorm, smoothingPeriod)
smoothHigh = ta.ema(highFreqNorm, smoothingPeriod)
spectralBalance = smoothLow - smoothHigh
Spectral balance combines with price momentum through directional multiplication, producing a composite signal that integrates frequency characteristics with price direction:
momentum = ta.change(close , frequencyPeriod/2)
compositeSignal = spectralBalance * math.sign(momentum)
finalSignal = ta.ema(compositeSignal, smoothingPeriod)
The final signal oscillates around zero, with positive values indicating low-frequency dominance coupled with upward momentum (trending up), and negative values indicating either high-frequency dominance (choppy market) or downward momentum (trending down).
🟢 How to Use This Indicator
→ Long/Short Signals: the indicator generates long signals when the smoothed composite signal crosses above zero (indicating low-frequency directional strength dominates) and short signals when it crosses below zero (indicating bearish momentum persistence).
→ Upper and Lower Reference Lines: the +25 and -25 reference lines serve as threshold markers for momentum strength. Readings beyond these levels indicate strong directional conviction, while oscillations between them suggest consolidation or weakening momentum. These references help traders distinguish between strong trending regimes and choppy transitional periods.
→ Preconfigured Presets: three optimized configurations are available with Default (32, 3) offering balanced responsiveness, Fast Response (24, 2) designed for scalping and intraday trading, and Smooth Trend (40, 5) calibrated for swing trading and position trading with enhanced noise filtration.
→ Built-in Alerts: the indicator includes three alert conditions for automated monitoring - Long Signal (momentum shifts bullish), Short Signal (momentum shifts bearish), and Signal Change (any directional transition). These alerts enable traders to receive real-time notifications without continuous chart monitoring.
→ Color Customization: four visual themes (Classic green/red, Aqua blue/orange, Cosmic aqua/purple, Custom) allow chart customization for different display environments and personal preferences.
Ross Cameron 5 Pillars FilterFirst, I am not Ross Cameron. This indicator is based on his five pillars of stock selection.
ROSS CAMERON 5 PILLARS MOMENTUM FILTER
🎯 OVERVIEW
This indicator automatically checks if the current symbol meets Ross Cameron's famous "5 Pillars" stock selection criteria from Warrior Trading - a proven methodology for identifying high-probability momentum day trading setups.
📊 ROSS CAMERON'S 5 PILLARS
1️⃣ RELATIVE VOLUME ≥5x (Automated ✅)
• Compares current volume to 30-day average
• Minimum 5x confirms institutional/retail interest
• High RVol = high liquidity and momentum potential
2️⃣ DAILY % CHANGE ≥10% (Automated ✅)
• Stock must already be showing momentum
• Default threshold: 10% up from previous close
• Confirms demand is already present
3️⃣ NEWS CATALYST (Manual Check ⚠️)
• Breaking news justifies the price movement
• Look for: earnings, FDA approvals, partnerships, contracts
• 🔥 icon flags stocks with ≥15% momentum (likely news-driven)
4️⃣ PRICE RANGE $1-$20 (Automated ✅)
• Sweet spot for retail trader momentum
• Highly volatile small-cap stocks
• Accessible price range for position building
5️⃣ FLOAT <10 MILLION SHARES (Automated ✅)
• Low float creates supply/demand imbalances
• Enables explosive 50-100%+ intraday moves
• Automatically checked when data available
• Shows actual float with ✅/❌ indicator
🚀 KEY FEATURES
✅ GREEN BACKGROUND HIGHLIGHT
• Visual alert when ALL automated criteria are met
• Instantly identify potential setups while scanning watchlist
📋 DETAILED BREAKDOWN TABLE
• Shows pass/fail status for each pillar
• Displays actual values (RVol, %, Float, etc.)
• Color-coded for quick interpretation
🔥 STRONG MOMENTUM INDICATOR
• Highlights stocks ≥15% (likely have news catalyst)
• Helps prioritize which stocks to research first
🔔 BUILT-IN ALERTS
• "Ross Cameron Criteria Met" - All automated criteria pass
• "Strong Momentum Alert" - Stock showing explosive movement
⚙️ FULLY CUSTOMIZABLE
• Adjust all thresholds to your trading style
• Configurable table position and display
• Toggle volume spike filter on/off
💡 HOW TO USE
BEST WORKFLOW:
1. Build a watchlist of small-cap stocks using TradingView's Stock Screener
2. Add this indicator to your charts
3. Flip through your watchlist - look for GREEN BACKGROUNDS
4. Check the table for detailed breakdown of each pillar
5. VERIFY NEWS CATALYST (required for Pillar 3)
6. If float shows N/A, verify manually on Finviz
7. Execute your trading plan with proper risk management
OPTIMAL TIMING:
• Pre-Market (8:00-9:30 AM ET) - Identify gap-up candidates
• Morning Session (9:30 AM-12:00 PM ET) - Prime momentum window
• Avoid lunch hour (12:00-2:00 PM ET) - Low volume, choppy
ALERT SETUP:
1. Click "Create Alert" on your chart
2. Select "Ross Cameron Criteria Met" condition
3. Get notified when new setups appear real-time
⚙️ CUSTOMIZABLE SETTINGS
PILLAR 1 - RELATIVE VOLUME:
• Min RVol: 5.0x (Ross's minimum, increase for more selective)
• RVol Period: 30 days (industry standard)
PILLAR 2 - MOMENTUM:
• Min Daily %: 10% (increase to 15% for stronger setups)
PILLAR 3 - CATALYST:
• Strong Momentum %: 15% (threshold for 🔥 indicator)
PILLAR 4 - PRICE RANGE:
• Min Price: $1.00 (adjust based on account size)
• Max Price: $20.00 (Ross's sweet spot)
PILLAR 5 - FLOAT:
• Max Float: 10M shares (ultra-aggressive traders use 5M)
ADDITIONAL FILTERS:
• Volume Spike: 2x (Warrior Trading standard)
• Confirms intraday momentum continuation
📈 INTERPRETATION GUIDE
✅ GREEN BACKGROUND = GO!
• All automated criteria are met
• Check news catalyst before trading
• Verify setup on chart (not overextended)
• Follow your risk management plan
❌ NO GREEN BACKGROUND = WAIT
• At least one criterion failed
• Check table to see which pillar(s) failed
• May become valid later if momentum increases
🔥 FLAME ICON = HIGH PRIORITY
• Stock showing very strong momentum (≥15%)
• Likely has significant news catalyst
• Research news IMMEDIATELY
• Often the best setups of the day
⚠️ N/A FOR FLOAT = MANUAL CHECK
• TradingView doesn't have float data for this symbol
• Verify on Finviz.com or similar
• If float >10M, setup is invalid per Ross's criteria
📚 RECOMMENDED STRATEGIES
GAP AND GO:
• Stock gaps up 10%+ on news
• Enters above gap high with volume
• Targets: 20-50% gains
VWAP BOUNCE:
• Pullback to VWAP support
• Enters on bounce with volume confirmation
• Tight stop below VWAP
HIGH OF DAY BREAKOUT:
• New HOD with volume surge
• Momentum continuation play
• Trail stop as it runs
ABCD PATTERN:
• Classic reversal pattern
• Enters on D-point breakout
• Target: A-B distance from C
⚠️ RISK WARNINGS
• DAY TRADING IS HIGHLY RISKY - Most day traders lose money
• This indicator finds setups - YOUR EXECUTION determines success
• Always use proper risk management (1-2% risk per trade)
• Never trade without stop losses
• Paper trade extensively before using real money
• Past performance does not guarantee future results
🔧 TECHNICAL DETAILS
• Pine Script v6
• Works on any timeframe (calculates daily metrics automatically)
• Compatible with TradingView Free, Pro, Premium
• No repainting - all calculations based on confirmed data
• Efficient code - minimal lag
📊 DATA SOURCES
• Relative Volume: Calculated from 30-day volume average
• Daily %: Previous day's close vs current price
• Float: TradingView's shares_outstanding_float data
• Volume Spike: 20-period volume moving average
🎯 WHO THIS IS FOR
IDEAL FOR:
✅ Day traders focused on momentum strategies
✅ Traders who follow Ross Cameron/Warrior Trading methodology
✅ Small-cap stock traders ($1-$20 range)
✅ Scalpers and swing traders seeking high-volatility setups
NOT IDEAL FOR:
❌ Long-term investors
❌ Large-cap stock traders
❌ Options-only traders
❌ Traders who don't monitor news catalysts
💬 USAGE TIPS
1. COMBINE WITH OTHER TOOLS
• Use alongside your charting/technical analysis
• Verify pattern setups (bull flags, ABCD, etc.)
• Check Level 2 / Time & Sales for confirmation
2. MAINTAIN A WATCHLIST
• Update daily with fresh small-cap movers
• Use Finviz Gap Scanner as starting point
• Focus on sectors with momentum
3. RISK MANAGEMENT IS KEY
• Never risk more than 1-2% per trade
• Use 2:1 minimum profit/loss ratio
• Cut losses quickly, let winners run
• Position size based on volatility (ATR)
4. TRACK YOUR RESULTS
• Keep a trading journal
• Note which setups work best for you
• Refine criteria based on your data
• Continuous improvement mindset
📝 DISCLAIMER
This indicator is for EDUCATIONAL PURPOSES ONLY. It is not investment advice, a recommendation to buy/sell securities, or a guarantee of profits. Trading involves substantial risk of loss. Always:
• Conduct your own research and due diligence
• Consult with a licensed financial advisor
• Never risk money you cannot afford to lose
• Understand that most day traders lose money
• Practice in a simulator before trading real money
The creator of this indicator is not affiliated with Ross Cameron or Warrior Trading. This is an independent implementation of publicly available trading methodology.
📈 SUPPORT & FEEDBACK
If you find this indicator helpful, please:
• Give it a thumbs up 👍
• Leave a comment with your experience
• Share with other momentum traders
• Follow for updates and new indicators
For questions or suggestions, leave a comment below!
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🏆 HAPPY TRADING! Remember: The indicator finds opportunities, but YOUR discipline, risk management, and execution determine your success.
#DayTrading #Momentum #RossCameron #WarriorTrading #SmallCaps #GapAndGo #Scalping #StockScreener
DMV Volume Volume Radar SIMPLEThis indicator helps identify early signs of accumulation, breakout, and distribution by analyzing relative volume and price action within defined ranges.
It detects:
🔵 ACCUM: High relative volume with buying pressure near support (early accumulation)
🟢 BRK: High relative volume near range high with bullish price action (potential breakout)
🔴 DIST: High relative volume with selling pressure near range high (distribution / potential reversal)
How it works:
Measures relative volume vs. a moving average
Builds a dynamic price range using recent swing highs/lows
Looks for wick behavior + location in range to validate signals
Color-codes candles and adds labels for quick visualization
Optional alert conditions are baked in for automated notifications
Perfect for:
Pre-breakout positioning
Spotting smart-money accumulation
Identifying distribution zones for exits or reversals
Works best on 15m–4h timeframes for crypto and alts
Session Range Boxes GR v2.1This indicator draws intraday range boxes for the main Forex sessions based on Europe/Budapest time (CET/CEST).
Tracked sessions (Budapest time):
Asia: 01:00 – 08:00
Frankfurt (pre-London): 08:00 – 09:00
London: 09:00 – 18:00
New York: 14:30 – 23:00
For each session, the script:
Detects the session start and session end using the current chart timeframe and the Europe/Budapest time zone.
Tracks the high and low of price during the session.
Draws a colored box from session open to session close, covering the full price range between the session high and low.
Draws a white midline inside every box at the midpoint between the session high and low (and keeps it visible for all past sessions).
Optionally plots a small label (“Asia”, “Fra”, “London”, “NY”) above the first bar of each session.
Color scheme:
Asia: soft orange box
Frankfurt: light aqua box
London: darker blue box
New York: light lime box
Use this tool to:
Quickly see which session created the high or low of the day,
Highlight important liquidity zones and prior session ranges that price may revisit,
Visually separate Asia, Frankfurt, London and New York volatility profiles on intraday charts.
Optimized for intraday trading (Forex / indices), but it works on any symbol where session behavior and time-of-day structure matter.
Order FlowSimple Order flow - table with sell volume, buy volume and delta. It requires premium (1second) or higher for getting volume from lower time frame.
FVG & Market Structure//@version=5
indicator("FVG & Market Structure", overlay=true)
// Inputs
fvg_lookback = input.int(100, "FVG Lookback Period")
fvg_strength = input.int(1, "FVG Minimum Strength")
show_fvg = input.bool(true, "Show FVG")
show_liquidity = input.bool(true, "Show Liquidity Zones")
show_bos = input.bool(true, "Show BOS")
// Calculate swing highs and lows
swing_high = ta.pivothigh(high, 2, 2)
swing_low = ta.pivotlow(low, 2, 2)
// Detect Fair Value Gaps (FVG)
detect_fvg() =>
// Bullish FVG (current low > previous high + threshold)
bullish_fvg = low > high and show_fvg
// Bearish FVG (current high < previous low - threshold)
bearish_fvg = high < low and show_fvg
= detect_fvg()
// Plot FVG areas
bgcolor(bullish_fvg ? color.new(color.green, 95) : na, title="Bullish FVG")
bgcolor(bearish_fvg ? color.new(color.red, 95) : na, title="Bearish FVG")
// Breach of Structure (BOS) detection
detect_bos() =>
var bool bull_bos = false
var bool bear_bos = false
// Bullish BOS - price breaks above previous swing high
if high > ta.valuewhen(swing_high, high, 1) and not na(swing_high)
bull_bos := true
bear_bos := false
// Bearish BOS - price breaks below previous swing low
if low < ta.valuewhen(swing_low, low, 1) and not na(swing_low)
bear_bos := true
bull_bos := false
= detect_bos()
// Plot BOS signals
plotshape(bull_bos and show_bos, style=shape.triangleup, location=location.belowbar, color=color.green, size=size.small, title="Bullish BOS")
plotshape(bear_bos and show_bos, style=shape.triangledown, location=location.abovebar, color=color.red, size=size.small, title="Bearish BOS")
// Liquidity Zones (Recent Highs/Lows)
liquidity_range = input.int(20, "Liquidity Lookback")
buy_side_liquidity = ta.highest(high, liquidity_range)
sell_side_liquidity = ta.lowest(low, liquidity_range)
// Plot Liquidity Zones
plot(show_liquidity ? buy_side_liquidity : na, color=color.red, linewidth=1, title="Sell Side Liquidity")
plot(show_liquidity ? sell_side_liquidity : na, color=color.green, linewidth=1, title="Buy Side Liquidity")
// Order Block Detection (Simplified)
detect_order_blocks() =>
// Bullish Order Block - strong bullish candle followed by pullback
bullish_ob = close > open and (close - open) > (high - low) * 0.7 and show_fvg
// Bearish Order Block - strong bearish candle followed by pullback
bearish_ob = close < open and (open - close) > (high - low) * 0.7 and show_fvg
= detect_order_blocks()
// Plot Order Blocks
bgcolor(bullish_ob ? color.new(color.lime, 90) : na, title="Bullish Order Block")
bgcolor(bearish_ob ? color.new(color.maroon, 90) : na, title="Bearish Order Block")
// Alerts for key events
alertcondition(bull_bos, "Bullish BOS Detected", "Bullish Breach of Structure")
alertcondition(bear_bos, "Bearish BOS Detected", "Bearish Breach of Structure")
// Table for current market structure
var table info_table = table.new(position.top_right, 2, 4, bgcolor=color.white, border_width=1)
if barstate.islast
table.cell(info_table, 0, 0, "Market Structure", bgcolor=color.gray)
table.cell(info_table, 1, 0, "Status", bgcolor=color.gray)
table.cell(info_table, 0, 1, "Bullish BOS", bgcolor=bull_bos ? color.green : color.red)
table.cell(info_table, 1, 1, bull_bos ? "ACTIVE" : "INACTIVE")
table.cell(info_table, 0, 2, "Bearish BOS", bgcolor=bear_bos ? color.red : color.green)
table.cell(info_table, 1, 2, bear_bos ? "ACTIVE" : "INACTIVE")
table.cell(info_table, 0, 3, "FVG Count", bgcolor=color.blue)
table.cell(info_table, 1, 3, str.tostring(bar_index))
🎯 Wyckoff Order Block Entry System🎯 Wyckoff Order Block Entry System
📝 INDICATOR DESCRIPTION
🎯 Wyckoff Order Block Entry System Short Description:
Professional institutional zone trading combined with Wyckoff methodology. Identifies high-probability entries where smart money meets classic price action patterns.
Full Description:
Wyckoff Order Block Entry System is a precision trading tool that combines two powerful concepts:
Order Blocks - Institutional zones where large players place their orders
Wyckoff Method - Classic price action patterns revealing smart money behavior
🎯 What Makes This Different?
Unlike traditional indicators that flood your chart with signals, this system only triggers entries when BOTH conditions are met:
Price enters an institutional Order Block zone (current timeframe OR higher timeframe)
A Wyckoff pattern occurs (Spring, SOS, Upthrust, or SOW)
This dual-confirmation approach ensures you're trading with institutional flow at optimal entry points.
📊 Key Features:
✅ Order Block Detection
Automatically identifies institutional buying/selling zones
Current timeframe order blocks (solid lines)
Higher timeframe order blocks (dashed lines) for stronger zones
Customizable strength and extension settings
✅ 4 Wyckoff Entry Patterns
SPRING (Bullish Reversal): Fake breakdown below support → Quick recovery
SOS (Sign of Strength): Strong bullish candle after accumulation
UPTHRUST (Bearish Reversal): Fake breakout above resistance → Quick rejection
SOW (Sign of Weakness): Strong bearish candle after distribution
✅ Clean Visual Design
Minimalist approach - only essential information
Color-coded zones (Green = Bullish, Red = Bearish, Cyan/Magenta = HTF)
Clear entry signals with pattern type labels
No chart clutter - focus on what matters
✅ Multi-Timeframe Analysis
Integrates higher timeframe order blocks
HTF signals marked with "+HTF" tag for extra confidence
Fully customizable HTF selection (H1, H4, Daily, etc.)
✅ Smart Alerts
Entry signal alerts (Long/Short)
Order block formation alerts
HTF order block alerts
Customizable alert messages
💡 How To Use:
Setup: Add indicator to your chart, configure HTF timeframe (default H1)
Wait: Let order blocks form (green/red boxes appear)
Watch: Price returns to order block zone
Entry: Signal appears when Wyckoff pattern confirms
Trade: Enter with the signal, stop below/above order block
📈 Best For:
Forex pairs (all majors and crosses)
Gold (XAUUSD)
Crypto (BTC, ETH, etc.)
Indices (SPX, NAS100, etc.)
Stocks
Commodities
⏱️ Recommended Timeframes:
M15 for scalping
M30 for day trading
H1 for swing trading
H4 for position trading
🎯 Win Rate Expectations:
Current TF signals: 60-70%
HTF signals (+HTF tag): 70-80%
Spring/Upthrust patterns: Highest probability
Works on ALL liquid markets
⚙️ Customizable Settings:
Order block detection parameters
HTF timeframe selection
Wyckoff sensitivity (swing length, volume threshold)
Zone extension duration
Color schemes
📚 Trading Strategy:
This indicator works best when:
Trading in the direction of higher timeframe trend
Using proper risk management (1-2% per trade)
Placing stops just outside order block zones
Taking profits at opposite order blocks
Focusing on HTF signals for higher quality
🔒 Risk Management:
Always use stop losses! Recommended placement:
LONG: 10-20 pips below order block
SHORT: 10-20 pips above order block
Target: Minimum 1:2 risk/reward ratio
💎 Why Traders Love This System:
"Finally, an indicator that doesn't spam my chart with useless signals!" - The quality-over-quantity approach means you only get high-probability setups.
"The HTF order blocks changed my trading!" - Multi-timeframe analysis built-in removes the need for manual higher timeframe checks.
"Wyckoff + Order Blocks = Perfect combination!" - Two proven concepts working together create powerful confluence.
📊 Universal Application:
This system works on ANY liquid market with sufficient volume:
✅ Forex (EUR/USD, GBP/USD, USD/JPY, etc.)
✅ Commodities (Gold, Silver, Oil, etc.)
✅ Indices (S&P 500, NASDAQ, DAX, etc.)
✅ Cryptocurrencies (Bitcoin, Ethereum, etc.)
✅ Stocks (Large cap with good liquidity)
🎓 Educational Value:
Beyond just signals, this indicator teaches you:
How institutional traders think
Where smart money places orders
Classic Wyckoff accumulation/distribution patterns
Multi-timeframe analysis techniques
⚡ Performance:
Lightning-fast calculations
No repainting
Real-time signal generation
Clean code, optimized for speed
🚀 Get Started:
Add to your favorite chart
Adjust HTF timeframe to match your trading style
Wait for high-quality signals
Trade with confidence
Remember: Quality beats quantity. This system prioritizes precision over frequency. You might see 2-5 signals per day on M30 - and that's exactly the point. Each signal is carefully filtered for maximum probability.
Ready to trade like institutions?
👉 Add this indicator to your chart now
👉 Configure your preferred HTF timeframe
👉 Start catching high-probability setups
👉 Trade smarter, not harder
Questions or feedback? Drop a comment below!
Found this useful? Hit that ⭐ button and share with fellow traders!
Happy Trading! 🚀📈
VSLRT with DivergencesOverview
This indicator combines Volume-Synchronized Linear Regression Trend (VSLRT) analysis with multi-indicator divergence detection to provide comprehensive market momentum and reversal signals. It displays volume-weighted price trends in both short-term and long-term timeframes, while simultaneously detecting divergences across 10 different technical indicators.
Key Features
VSLRT (Volume-Synchronized Linear Regression Trend):
Short-term and long-term trend analysis using linear regression
Volume-weighted calculations that account for buying vs selling pressure
Color-coded histogram showing trend strength and direction
Forecast projection showing anticipated trend continuation
Divergence-adjusted forecasting for enhanced prediction accuracy
Multi-Indicator Divergence Detection:
The indicator simultaneously monitors divergences across:
MACD (Moving Average Convergence Divergence)
MACD Histogram
RSI (Relative Strength Index)
Stochastic Oscillator
CCI (Commodity Channel Index)
Momentum
OBV (On-Balance Volume)
Volume-Weighted MACD
Chaikin Money Flow
Money Flow Index
Divergence Types:
Regular Bullish Divergence (potential reversal to upside)
Regular Bearish Divergence (potential reversal to downside)
Hidden Bullish Divergence (trend continuation upward)
Hidden Bearish Divergence (trend continuation downward)
How It Works
VSLRT Calculations:
The indicator calculates linear regression slopes for both price and volume, separating buying volume from selling volume. The histogram displays:
Green columns: Bullish price movement with strong buying volume
Red columns: Bearish price movement with strong selling volume
Shaded columns: Weaker conviction in the current trend
Thick line: Long-term trend direction
Divergence Detection:
The script automatically scans for divergences by comparing:
Price action (higher highs/lower lows)
Indicator values at pivot points
When price and indicators move in opposite directions, a divergence is detected
Divergences are displayed as labels on the histogram showing:
Which indicators are diverging
Number of simultaneous divergences (stronger signal when multiple indicators agree)
Color-coded by divergence type
Customizable Settings
VSLRT Settings:
Short-term length (default: 20)
Long-term length (default: 50)
Forecast bars (1-50, default: 10)
Divergence forecast adjustment factor
Custom colors for all trend states
Divergence Settings:
Pivot period for divergence detection
Source (Close or High/Low)
Divergence type (Regular, Hidden, or Both)
Minimum number of divergences to display
Maximum pivot points and bars to check
Toggle individual indicators on/off
Custom colors for each divergence type
Label display options (Full names, First letter, or Don't show)
Show divergence count option
Trading Applications
Trend Following:
Use VSLRT histogram to identify trend direction and strength
Enter trades when short-term and long-term trends align
Monitor forecast bars for potential trend continuation
Reversal Trading:
Watch for multiple regular divergences (3+ indicators)
Confirm with VSLRT color changes
Higher divergence count = stronger reversal signal
Trend Continuation:
Hidden divergences suggest trend will continue
Use during pullbacks in strong trends
Combine with VSLRT forecast for entry timing
Risk Management:
Divergence alerts can signal potential exits
VSLRT color changes can indicate stop-loss levels
Forecast helps anticipate trend exhaustion
Alert Conditions
Built-in alert conditions for:
Positive Regular Divergence Detected
Negative Regular Divergence Detected
Positive Hidden Divergence Detected
Negative Hidden Divergence Detected
Any Positive Divergence
Any Negative Divergence
Tips for Best Results
Multiple Timeframe Analysis: Check divergences on higher timeframes for more reliable signals
Confirmation: Wait for bar close (enabled by default) to avoid false signals
Volume Context: Stronger VSLRT signals occur during high volume periods
Divergence Count: More simultaneous divergences = higher probability signal
Trend Alignment: Best results when divergences align with overall trend direction
Cumulative Delta Difference HistogramINTRODUCTION:
This "Cumulative Delta Difference Histogram" is a volume-based indicator that calculates the difference (delta) between aggressive buying volume and selling volume for each candle and then builds a cumulative momentum histogram with the following behavior:
Momentum Tracking: The indicator accumulates the delta values when the delta is positive and increasing, producing green bars whose height visually represents growing buying pressure momentum.
Negative Momentum Detection: When the delta becomes negative or starts to decline, the histogram bars turn red and the accumulation decreases, effectively showing increasing selling pressure momentum.
Directional Reset: On each change from positive to negative delta momentum or vice versa, the accumulator resets to zero, providing a clear and sharp visualization of shifts without persistence from previous trends.
Zero Reference Line: A horizontal zero line serves as a visual baseline to distinguish positive from negative momentum easily.
HOW TO USE:
To trade effectively using the "Cumulative Delta Difference Histogram," you compare the price action chart with the indicator to confirm momentum and detect potential reversals or continuations. Here's how to do it in practice:
Confirming Trends:
When the price is rising, look for the histogram bars to be green and increasing, indicating strong and growing buying pressure supporting the uptrend. If price rises but the histogram shows diminishing green bars or shifts to red, it could signal weakening momentum and a potential reversal.
Identifying Divergences:
Compare price highs/lows with histogram peaks. If price makes a new high but the histogram fails to make a corresponding new high (bearish divergence), it warns of a possible trend reversal. Conversely, if price makes a new low but histogram shows higher lows (bullish divergence), it signals potential bullish reversal.
Volume Confirmation:
The histogram reflects real-time volume aggression behind price moves. Confirmation of price breakouts or breakdowns by corresponding strong histogram colors and bar height increases adds reliability to signals.
By aligning price patterns and levels with the cumulative delta histogram's signals, traders gain a deeper understanding of market strength and better timing for trades.
This combined approach improves the accuracy of entries and exits beyond relying on price alone, especially in markets sensitive to order flow and volume dynamics.
Use this indicator with a default volume or with my other indicator "Agression Histogram" for a better reading.
