OPEN-SOURCE SCRIPT
已更新 Multi-TF Volume & Price Analysis[BullByte]
This indicator offers a comprehensive view of market dynamics by combining volume and price analysis across multiple timeframes. It calculates key metrics—such as bullish/bearish volume percentages, relative volume (RVol), cumulative volume delta (CVD), and price change percentages—for each timeframe that you choose (for example, 1, 3, 5, and 15 minutes). Here are the main features in simple terms:
- Multi-Timeframe Analysis:
The tool analyzes volume and price action from four different timeframes simultaneously. This means you get insights from short-term and slightly longer-term trends in one view.
- Volume Breakdown:
It splits the volume into bullish and bearish parts by comparing closing and opening prices. This helps you see how much of the trading volume is driving the market upward versus downward.
- Relative Volume & Spike Detection:
It calculates relative volume (current volume compared to a moving average) and flags any significant volume spikes based on a customizable multiplier. This feature helps identify unusual trading activity.
- Volume Smoothing Option:
For a cleaner signal, you can enable a smoothing option (using an exponential moving average) to reduce noise in the volume data.
- Advanced Summary:
The indicator combines volume data, price changes, and volume spikes to produce an overall market summary for each timeframe—labeling conditions as “Bullish Strong,” “Bullish Moderate,” “Bearish Strong,” “Bearish Moderate,” or “Neutral.”
- Cumulative Overview:
In addition to individual timeframe analysis, it aggregates the data to offer a cumulative view. This includes a collective bullish/bearish percentage, overall CVD, and even a simplified volume level (Low, Normal, or High).
- Customizable Dashboard:
All these metrics are neatly displayed in a dashboard on the chart. You can customize its position and text size. The dashboard uses dynamic, color-coded cells to instantly convey the market sentiment—making it easy to spot trends at a glance.
- VWAP Integration:
Finally, the dashboard includes VWAP information, providing an additional layer of context to the price action.
Overall, this indicator is designed to provide a quick yet thorough snapshot of market conditions, enabling traders to make more informed decisions with a clear visual representation of volume and price activity across different timeframes.
- Multi-Timeframe Analysis:
The tool analyzes volume and price action from four different timeframes simultaneously. This means you get insights from short-term and slightly longer-term trends in one view.
- Volume Breakdown:
It splits the volume into bullish and bearish parts by comparing closing and opening prices. This helps you see how much of the trading volume is driving the market upward versus downward.
- Relative Volume & Spike Detection:
It calculates relative volume (current volume compared to a moving average) and flags any significant volume spikes based on a customizable multiplier. This feature helps identify unusual trading activity.
- Volume Smoothing Option:
For a cleaner signal, you can enable a smoothing option (using an exponential moving average) to reduce noise in the volume data.
- Advanced Summary:
The indicator combines volume data, price changes, and volume spikes to produce an overall market summary for each timeframe—labeling conditions as “Bullish Strong,” “Bullish Moderate,” “Bearish Strong,” “Bearish Moderate,” or “Neutral.”
- Cumulative Overview:
In addition to individual timeframe analysis, it aggregates the data to offer a cumulative view. This includes a collective bullish/bearish percentage, overall CVD, and even a simplified volume level (Low, Normal, or High).
- Customizable Dashboard:
All these metrics are neatly displayed in a dashboard on the chart. You can customize its position and text size. The dashboard uses dynamic, color-coded cells to instantly convey the market sentiment—making it easy to spot trends at a glance.
- VWAP Integration:
Finally, the dashboard includes VWAP information, providing an additional layer of context to the price action.
Overall, this indicator is designed to provide a quick yet thorough snapshot of market conditions, enabling traders to make more informed decisions with a clear visual representation of volume and price activity across different timeframes.
發行說明
No functional changes. Updated metadata and comments for better clarity and compliance.開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。