Volume Accumulation

2020年8月23日

This simple indicator shows the cumulative volume within the current uptrend or uptrend. The bull&bear trend is detected by a change in the direction of the candles.This indicator works particularly well with Heikin Ashi and Renko charts.Alternatively, you can use a moving average direction to indicate the direction of the trend.You can select from several different types of moving averages, each MA line can be of a different type: WMA Weighted Moving Average, VWMA Volume Weighted Moving Average, SMA Simple Moving Average, EMA Exponential Moving Average, and more ...

4月13日

發行說明

Indicator Description: Accumulated Volume with Critical Areas

This indicator helps traders identify significant price levels where high volume activity occurs, which often act as support or resistance zones. It also tracks the accumulated volume over the day to provide insights into overall market activity. Here's what the indicator does and how to use it

What the Indicator Does:

1. Accumulated Volume Tracking:

The indicator calculates the total volume accumulated since the start of each day.

It displays this accumulated volume as a blue histogram in a separate pane below the chart.

A red line shows the 14-period moving average of the accumulated volume, helping you see trends in volume activity.

2. Critical Volume Detection:

The indicator detects "critical" volume spikes-bars where the volume is significantly higher than average (specifically, 2 standard deviations above the 20-period average volume).

These spikes often indicate strong buying or selling pressure, which can lead to important price levels.

3. Highlighting Relevant Areas:

When a critical volume spike is detected, the indicator marks the corresponding price level

on the chart.

It draws a red semi-transparent box around the price (±1% of the price level) to highlight the area as a potential support or resistance zone.

These areas are similar to the pink zones in the example chart, where price often reacts (e.g., reversing or breaking through).

4. Support/Resistance Lines:

The indicator also draws a red dashed line at each critical price level, making it easy to see potential support or resistance zones over time.

How to Use the Indicator:

1. Add the Indicator to Your Chart:

Copy the Pine Script code and paste it into the Pine Script editor in TradingView.

Click "Add to Chart" to apply the indicator to your chart.

2. Interpret the Visuals:

Bottom Pane (Accumulated Volume): The blue histogram shows the total volume accumulated since the start of the day. The red line is the 14-period moving average, helping you spot trends in volume accumulation.

Main Chart (Critical Areas): Look for red semi-transparent boxes-these mark price levels where significant volume spikes occurred. These are potential support or resistance zones.

Red Dashed Lines: These lines indicate the exact price levels of critical volume spikes, helping you track key levels over time.

3. Trading Applications:

Support/Resistance Trading: Use the red boxes and dashed lines to identify key price levels where the price might reverse or consolidate. For example, if the price approaches a red box from below, it might act as resistance.

Breakout Confirmation: If the price breaks through a red box with high volume, it could signal a strong breakout.

Volume Analysis: Monitor the accumulated volume in the bottom pane to gauge overall market activity. A rising moving average (red line) indicates increasing volume participation.

4. Customization:

You can adjust the sensitivity of the critical volume detection by changing the length (default: 20) or the multiplier (2 std_volume) in the code.

Modify the range_percent (default: 1.0) to make the red boxes larger or smaller around the critical price levels.

Change the colors or transparency of the boxes by adjusting color.new(color.red, 88) in the code.

Example:

In the example chart, the pink zones highlight areas where the price showed significant reactions (e.g., reversals or consolidations). This indicator replicates that by marking similar zones with red boxes, based on volume spikes. Use these zones to plan entries, exits, or stop-loss levels, and monitor the accumulated volume to confirm the strength of the price movement.