DepthHouse Better Volume takes the standard volume bars and gives it an extreme overhaul. The brighter colored bars signal strong buying or selling pressure in the market based on the volume. The small lines within the columns represent the duration of this increased buying and selling volume. This calculation is based on negative and positive volume flow....
RSI is an indicator that is dependent only on price. I modified RSI to factor in volume as well. On BTC chart presented above, VFRSI is more accurate than RSI in detecting extreme conditions (green line is VFRSI). In some instances, it seems to be better than RSI in detecting divergences as well (scroll to March 2018). In smaller time frames, it reduces the bart...
I present you my last indicator. A volume indicator that indicates overbought and oversold based on the rsi, I chose the rsi because the most used surment, this indicator allows you to identify the overbought and oversold areas of the rsi with the colors blue (oversold) and orange (overbought ) on the volume indicator! Hoping that you are useful
This "Volatility Balance" indicator measures volatility from a different perspective. It plots both an upside (green) and downside (red) volatility rating as well as a histogram depicting either the difference between the two or the two combined. First, it calculates the ratio of the candle body (open to close) in relation to the entire candle range (high - low)....
A volume indicator that measures buying and selling pressure over a given lookback period. As described at traders.com See also: - Are price updates a good proxy for actual traded volume in FX? - Using Tick Volume in Forex: A Clear NVO Based Example
This indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can also be found in this video . The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types. For...
It is a script designed to compare the number of bits coins, dollars, and won exchanged through Satoshi Market trading volume. Let's try to figure out the amount of trading easily by grasping through other currencies. After entering the settings after double-clicking, the following four modes can be set. BTC count Won trading volume USD Volume Original Satoshi...
Volume is a key component to moniter for trading; this indicator has volume and many other key indicators built in The Aqua and Fuchsia bg colors are multi fisher confluence signals. Aqua ==> long bias; Fuchsia ==> short bias The blue and red bg colors are when certain 'bar shapes' of volume print with confidence scores (usually good bars to add on a trend) The...
This indicator attempts to detect moments of abnormal and accelerating increase in volume. Because pumps happen over short time frames, this script is potentially better used on smaller timeframes (1 - 15 minutes). It takes two inputs: The length of the lookback for the volume rate of change (vroc) calculation (default=20), and The threshold over which a pump...
This Script uses the original code from the 'PPO Divergence alerts' by Scarf Only difference is the OBV Ocilator by lazybear is used as the input instead. Adjust the smoothing setting as required to change sensitivity for alerts. Feel free to contact me if you would like more info.
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Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback (Strong or Weak Bulls // Strong or Weak Bears) Candles / Bars Indicate the Following (default 13 period lookback / Length) MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume RED Bear Candle while VOLUME is...
This just colors the candlesticks by the amount of volume that's been traded inside. Every candle starts out green and the more volume it contains it goes over yellow and orange to red. Developed and tested on the main BTC exchanges but should work on forex too.
idea take from Alexander Elder, author of: The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management Meaning of colouring: - Green bar Volume: If we look back certain numbers of volume bars, higher close price and higher volume. - Blue bar Volume: If we look back certain numbers of volume bars, higher close...