Aggregated VolumeHow to Read the “Aggregated Volume” Signal
This indicator combines normalized volume, short-term volume bursts, pivot levels, VWAP, and a 200-period EMA to give you a multi-dimensional view of trading activity. Here’s how to interpret each component and synthesize them into actionable insights.
1. Custom Volume Signal (vSignal)
• Calculation
• vSignal = Sum of over bars, divided by the current price.
• A rising vSignal means more volume is being traded per unit of price, signaling growing interest relative to price level.
• Plot styling
• Bars are lime when (bullish volume days)
• Bars are orange when (bearish volume days)
How to read it
• Trend confirmation: Increasing lime bars alongside rising price suggests buyers in control.
• Warning sign: Rising orange bars on a down move indicate accelerating selling pressure.
• Divergence:
• Price making new highs while vSignal stalls or drops → potential top.
• Price making new lows while vSignal holds → potential bottom.
2. Short-Term Volume Bursts
Three semi-transparent histograms show how much the last 2, 5, and 10-bar raw volumes exceed (or fall below) the current vSignal:
• Blue = vol(2) – vSignal
• Green = vol(5) – vSignal
• Red = vol(10) – vSignal
If a colored bar sits above zero, that lookback’s volume is surging relative to the longer-term average (vSignal).
How to read it
• Clustered bursts:
• Blue + Green + Red above zero → strong, broad-based volume surge.
• Great for confirming breakouts and shakeouts.
• Isolated burst:
• Only Blue (> 0) on a small range bar → might be a false breakout or intrabar squeeze.
• Only Red (> 0) on a wide range → institutional involvement; act with caution.
3. Pivot Volume Levels (v & t)
• Every 21 bars, the script finds the highest and lowest vSignal values and plots them as shaded price levels:
• Magenta area = recent vSignal high (resistance)
• Cyan area = recent vSignal low (support)
How to read it
• Rejection/Break:
• Price approaches magenta zone and stalls → sellers defending that volume high.
• Break above magenta with high vSignal → likely sustained rally.
• Support flip:
• Cyan zone hold → buyers stepping in at heavy-volume lows.
• Break below cyan with rising vSignal → bearish conviction.
4. Midline Cross (Volume Equilibrium)
• A 10-bar SMA of
• Drawn as a faint white cross on price
How to read it
• Above midline → overall volume bias is skewed bullish.
• Below midline → bearish volume bias.
Crossovers of vSignal through this midline can signal shifts in underlying conviction.
5. VWAP & 200-Period EMA Overlays
• VWAP (transparent red if above price, green if below)
• EMA(200) plotted as aqua circles
How to read them
• VWAP tells you the intraday “value area.”
• Price above VWAP + rising vSignal = intraday buyers in charge.
• Price below VWAP + rising vSignal = aggressive sellers.
• EMA(200) gives you the longer-term trend.
• Above EMA200 = bullish regime
• Below EMA200 = bearish regime
6. Putting It All Together: Example Scenarios
1. Bullish Entry
• Price > EMA200 & VWAP is green
• vSignal rising in lime
• All three short-term bursts above zero
• Price near or breaking the magenta pivot with volume confirmation
2. Bearish Entry
• Price < EMA200 & VWAP is red
• vSignal rising in orange
• Two-bar burst (blue) spikes on a down bar
• Price failing at magenta pivot or breaking cyan support
3. Divergence Play
• Price makes new high, but vSignal peaks lower than last high → look for a reversal.
• Price drops to new low, but vSignal stays above its last low → prepare for a bounce.
By combining these layers—normalized volume, burst indicators, pivot levels, VWAP, and EMA—you get a clear map of where volume is clustering, which lets you anticipate support/resistance, gauge real interest, and spot potential reversals or breakouts with greater confidence.
成交量
MFI Divergence IndicatorAn AI-powered adaptation of the classic RSI divergence layout, now using Money Flow Index logic to catch volume-weighted trend exhaustion and continuations.
Logic & Design
We started with the structure of a popular RSI-Divergence template—swing pivots on left/right lookbacks, high/low swing comparisons, hidden vs. regular patterns, and clean plot/alert calls.
We replaced the RSI oscillator with MFI, folding volume into each reading so divergences spot true institutional flow shifts rather than just price momentum.
The script detects four core patterns:
Regular Bullish (price ↓↓ + MFI ↗↗)
Hidden Bullish (price ↗ higher low + MFI ↘ lower low)
Regular Bearish (price ↑↑ + MFI ↘↘)
Hidden Bearish (price ↘ lower high + MFI ↗ higher high)
A single “Any MFI Divergence” alert fires on any of the above, so you only ever need one alert in TradingView.
AI-Assisted Code
This indicator was generated and optimized by an AI assistant—ensuring modern Pine-v6 compatibility, clean input validation, and ready-to-publish formatting. Feel free to inspect, tweak, and extend!
Strength Indicator PanelThe Strength Indicator Panel is packed with features designed to provide a robust and customizable analysis experience:
1. Multi-Indicator Strength Calculation: The panel assesses the strength of several key technical indicators, including:
• TREND: Evaluates the market's directional bias based on Exponential Moving Averages (EMAs).
• VOLUME: Measures the intensity of price movements by analyzing volume against its moving average.
• RSI (Relative Strength Index): Gauges overbought or oversold conditions and the momentum of price changes.
• STOCHASTIC: Compares a security's closing price to its price range over a given period to identify momentum and potential reversals.
• ADX (Average Directional Index): Determines the strength of a trend, regardless of its direction.
• MACD (Moving Average Convergence Divergence): Identifies trend changes, momentum, and potential buy/sell signals through the relationship between two moving averages of a security's price.
• OVERALL: A composite strength score derived from a weighted average of all individual indicator strengths, providing a holistic market view.
2. Intuitive Visual Representation: The strength of each indicator is displayed in a dynamic table with a gradient background, ranging from green (strong bullish/positive) to red (strong bearish/negative). This visual cue allows for immediate interpretation of market conditions.
• Directional Symbols: Each indicator's strength is further clarified with directional symbols:
• ▲ (Solid Up Arrow): Indicates strong bullish momentum or high strength.
• △ (Hollow Up Arrow): Suggests weak bullish momentum or moderate strength.
• ▼ (Solid Down Arrow): Points to strong bearish momentum or low strength.
• ▽ (Hollow Down Arrow): Implies weak bearish momentum or moderate weakness.
For the TREND indicator, these arrows specifically denote the direction of the trend (up or down) combined with its strength.
3. Customizable Table Settings: Users can tailor the panel's appearance to their preferences:
• Chart Theme: Automatically adjusts to your TradingView chart's theme (Light or Dark) or allows manual selection.
• Table Size: Choose between 'Small' or 'Large' to fit your chart layout.
• Chart Box Style: Select between a 'Diagonal' (▩) or 'Solid' (■) style for the background cells, offering visual flexibility.
4. Adjustable Indicator Parameters: The script provides extensive input options to fine-tune the calculation of each underlying indicator, allowing users to adapt the panel to different trading strategies, timeframes, and asset classes. These parameters include:
• EMA lengths for TREND calculation.
• Percentile Rank length for various strength calculations.
• Volume Moving Average length.
• RSI and Stochastic lengths.
• ADX DI and Smoothing lengths.
• MACD Fast, Slow, and Signal lengths.
A few example using the indicator as below:
Wickless + VWAP + HighLow + Bull Market Band 1. Wickless Candle Marker
Purpose:
Highlights candles without upper or lower wicks — potential signs of decisive market action.
Logic:
Wickless Top: close == high → bullish candle with no upper wick → marked with a green triangle above the bar.
Wickless Bottom: open == low → bearish candle with no lower wick → marked with a red triangle below the bar.
A horizontal line extends from each wickless level until price breaks above (top) or below (bottom) that level.
Use Case:
Visually tracks areas where buyers or sellers were fully in control — useful for spotting supply/demand or support/resistance zones.
🟦 2. VWAP Lines (Volume-Weighted Average Price)
Included Timeframes:
Daily VWAP (blue)
2-Day VWAP (teal)
Weekly VWAP (orange)
Monthly VWAP (fuchsia)
Mechanism:
Each VWAP resets at the start of its session (e.g., daily, weekly), calculated using cumulative volume and HLC3 (typical price).
Use Case:
VWAP is a key reference for fair value. These levels often act as dynamic support/resistance and help define market bias.
🟫 3. Daily High/Low
Function:
Plots the current day’s high and low in real time (toggleable via input).
Use Case:
Crucial for intraday traders. Daily high/lows are frequent zones for stop runs, reversals, or breakout strategies.
🟨 4. Bull Market Support Band
Definition:
Combines:
20-week SMA (red)
21-week EMA (green)
The area between them is filled with orange shading.
Use Case:
A popular tool for identifying long-term bull market structure (inspired by crypto analysts like Benjamin Cowen). Helps visualize macro support during uptrends.
🧠 Summary:
This all-in-one indicator supports a multi-timeframe trading approach, combining:
Short-term structure (Wickless Levels),
Volume-based price anchors (VWAPs),
Intraday zones (High/Low),
and macro trend context (Bull Market Band).
Suitable for crypto, forex, and equities traders looking to gain clarity across price action, volume, and trend strength.
Volume-Confirmed Price Momentum# **Volume-Confirmed Price Momentum (VCPM) Indicator**
## **🔍 Overview**
Introducing the **Volume-Confirmed Price Momentum (VCPM)**, a sophisticated dual-metric indicator designed to identify high-probability momentum moves by analyzing the relationship between price action and volume dynamics. This indicator combines correlation analysis with volume strength validation to filter out weak signals and highlight institutional-backed movements.
---
## **⚙️ Core Mechanics**
**Price-Volume Correlation Engine:**
- Calculates real-time correlation between price movements and volume
- Configurable lookback period (default: 8 bars)
- Option to use price changes or absolute values
- Correlation range: -1.0 (perfect negative) to +1.0 (perfect positive)
**Volume Strength Analyzer:**
- Compares current volume against its moving average (default: 128 periods)
- Normalizes volume ratio to 0-1 scale for consistent interpretation
- Identifies when volume significantly exceeds historical norms
---
## **📊 Signal Generation**
### **🟢 Bullish Confirmation Signal**
**Trigger:** Positive correlation > 0.6 + Volume ratio > 0.5
- Price and volume moving in harmony upward
- Above-average volume confirms the move
- Indicates strong institutional buying interest
### **🔴 Bearish Confirmation Signal**
**Trigger:** Negative correlation < -0.6 + Volume ratio > 0.5
- Price declining with increasing volume
- Suggests distribution or institutional selling
- High-confidence bearish momentum
---
## **🎯 Trading Applications**
**Breakout Validation:**
Filter false breakouts by requiring volume confirmation before entering positions.
**Trend Continuation:**
Identify when existing trends have strong volume backing for continuation plays.
**Distribution Detection:**
Spot potential tops when price struggles despite high volume (negative correlation).
**Entry Timing:**
Built-in alert system notifies when both conditions align for optimal entry points.
---
## **🔧 Customization Features**
- **Correlation Period:** Adjust sensitivity (2-500 bars)
- **Volume Averaging:** Modify volume comparison timeframe
- **Alert Thresholds:** Fine-tune correlation and volume ratio triggers
- **Visual Options:** Toggle volume histogram display
- **Price Source:** Choose from OHLC or custom sources
---
## **💡 Why VCPM Works**
Traditional momentum indicators often generate false signals during low-volume periods. VCPM solves this by requiring **dual confirmation**: price momentum must be supported by corresponding volume activity. This approach:
- Reduces whipsaws and false breakouts
- Identifies institutional participation
- Provides higher conviction trade setups
- Works across all timeframes and markets
---
## **📈 Best Use Cases**
✅ **Crypto markets** (high volatility, volume-driven)
✅ **Stock breakouts** (earnings, news events)
✅ **Forex majors** (during high-impact news)
✅ **Futures trading** (momentum confirmation)
---
## **⚠️ Important Notes**
- Works best in liquid markets with consistent volume data
- Combine with support/resistance levels for enhanced accuracy
- Consider market context (trending vs. ranging conditions)
- Not recommended for extremely low-volume periods
---
## **🚀 Getting Started**
1. Add VCPM to your chart as a sub-panel indicator
2. Configure correlation threshold (start with 0.6)
3. Set volume ratio threshold (start with 0.5)
4. Enable alerts for automated signal detection
5. Backtest on your preferred timeframe and instrument
---
**Ready to enhance your momentum trading with volume confirmation? Try VCPM and experience the difference institutional-backed signals can make in your trading results.**
*Available in Pine Script v6 - Compatible with all TradingView accounts*
Buy and Sell with Entry-SL-TP 2.0Overview: "Buy and Sell with Entry-SL-TP 2.0" is a versatile Pine Script indicator designed for traders across various styles—Scalping, Intraday, Swing Trading, and Positional Trading. This indicator provides clear buy and sell signals on the chart, complete with entry, stop-loss (SL), and take-profit (TP) levels, along with optional in-the-money (ITM) strike price calculations for options trading. It incorporates advanced filtering mechanisms to reduce false signals and enhance trade reliability, making it a powerful tool for traders aiming to optimize their decision-making process.
Key Features:
1. Customizable Trading Styles: Adjusts settings dynamically based on the selected trading style (Scalping/Intraday, Swing Trading, or Positional), tailoring parameters like ALMA for optimal signal generation.
2. AI-Based Trend Filtering: Utilizes an AI-driven false trend filter to ensure signals align with strong market trends, reducing noise and improving accuracy.
3. Noise Reduction Filter: filtering to eliminate false signals during choppy market conditions.
4. Institutional Momentum Indicator: Filters signals based on high volume activity, ensuring alignment with significant market moves often driven by institutional players.
5. Trend Direction Detector: Uses the Average Directional Index to confirm signals in strong trending markets, with a customizable threshold.
6. Gap Control: Avoids generating signals on gap-up or gap-down candles to prevent large stop-losses, with a user-defined gap threshold.
7. Entry, SL, and TP Visualization: Displays entry, stop-loss, and take-profit levels as lines and labels on the chart, with customizable colors, widths, and positions. Supports risk-reward ratios of 1:1, 1:2, or 1:3.
8. Strike Price Calculation: Optionally calculates ITM strike prices for options trading, adjustable via a user-defined strike interval.
9. Trend Meter: Displays trend direction across multiple timeframes (Daily, Weekly, Monthly) using Moving Averages, helping traders align trades with broader market trends.
10. Smart Rebalancer: Plots a level for potential averaging opportunities during positional or investment trades, calculated at a 12.5% downside from the previous low.
11. Flexible Alerts: Allows users to set alerts for specific signal types (BUY, SELL, Reversal Buy, Reversal Sell, or All), enhancing usability for automated trading setups.
How It Helps Traders:
• Enhanced Decision-Making: By combining multiple filters (ALMA, Volume, and gap control), the indicator minimizes false signals, helping traders focus on high-probability setups.
• Visual Clarity: Clear visual cues with customizable entry, SL, and TP lines and labels make it easy to interpret trade setups, even for beginners.
• Versatility: Supports various trading styles, making it suitable for scalpers, day traders, swing traders, and long-term investors.
• Options Trading Support: The ITM strike price feature aids options traders in identifying relevant strike levels for their strategies.
• Multi-Timeframe Trend Analysis: The Trend Meter provides a quick overview of trend direction across higher timeframes, enabling traders to align their trades with the broader market context.
• Risk Management: Customizable risk-reward ratios and stop-loss calculations help traders manage risk effectively, while the gap filter protects against volatile market openings.
• User-Friendly Customization: Extensive input options allow traders to tailor the indicator to their preferences, including enabling/disabling features, adjusting line styles, and selecting alert types.
Disclaimer - The "Buy and Sell with Entry-SL-TP 2.0" indicator is designed solely for study and research purposes. It does not provide buy or sell recommendations. This indicator is intended to serve as a supportive tool for traders to use in alignment with their trading strategies and styles. Any profits or losses incurred from using this indicator are the sole responsibility of the user, and we (the creators of the indicator) are not liable in any way.
Users are advised to use this indicator in conjunction with their own trading strategies, risk management, and independent research. Before making any trading decisions, users should conduct their own analysis, consider market conditions, and consult with a financial advisor if necessary. The decision to use this indicator is entirely at your own discretion and responsibility.
Neuracap Gap AnalysisThe Neuracap Gap Analysis indicator is a comprehensive tool designed to identify and track price gaps, special candlestick patterns, and high-volume breakout signals. It combines multiple trading strategies into one powerful indicator for gap trading, pattern recognition, and momentum analysis.
🎯 What This Indicator Does
1. Gap Detection & Tracking
Automatically identifies price gaps (up and down)
Tracks gap fills with visual boxes that extend until closed
Manages gap history with customizable limits
Color-coded visualization (Green = Gap Up, Red = Gap Down)
2. Upside Tasuki Gap Pattern
Identifies the bullish continuation pattern
Colors candles yellow when pattern is detected
Confirms trend continuation signals
3. Episodic Pivot Detection
High-volume breakout identification
EMA filter ensures signals only in uptrends
Strong momentum confirmation
Fuchsia-colored candles with arrow markers
🔍 How to Use for Trading
📈 Gap Trading Strategy
Gap Up Trading:
Wait for gap up (green box appears)
Check volume - Higher volume = stronger signal
Entry options:
Aggressive: Enter at market open
Conservative: Wait for pullback to gap level
Stop loss: Below the gap fill level
Target: Previous resistance or 2:1 risk/reward
Gap Down Trading:
Identify gap down (red box appears)
Look for bounce opportunities
Entry: When price shows reversal signs
Stop: Below recent lows
Target: Gap fill level
💫 Tasuki Gap Strategy
Yellow candle indicates bullish continuation
Confirms uptrend is likely to continue
Entry: On next candle after pattern
Stop: Below the gap low
Target: Next resistance level
🚀 Episodic Pivot Strategy
Fuchsia candle + arrow = High probability breakout
All conditions met:
Price above EMA 20, 50, 200
High volume (2x+ average)
Strong price move (4%+)
Entry: At close or next open
Stop: Below EMA 20 or recent swing low
Target: Measured move or next resistance
📊 Reading the Visual Signals
Gap Boxes
🟢 Green Box: Gap up - potential bullish continuation
🔴 Red Box: Gap down - potential bounce or bearish continuation
Box extends until gap is filled
Box disappears when gap closes
Candle Colors
🟡 Yellow: Tasuki gap pattern (bullish continuation)
🟪 Fuchsia: Episodic pivot (high-volume breakout)
⬜ Normal: No special pattern detected
Arrows & Markers
⬆️ Triangle Arrow: Episodic pivot confirmation
💡 Trading Tips & Best Practices
✅ Do's
Combine with trend analysis - Trade gaps in direction of trend
Check volume - Higher volume = more reliable signals
Use multiple timeframes - Confirm on higher timeframes
Risk management - Always set stop losses
Wait for confirmation - Don't chase, let signals develop
❌ Don'ts
Don't trade all gaps - Focus on high-quality setups
Avoid low volume - Weak volume = unreliable signals
Don't ignore trend - Counter-trend trading is risky
Don't overtrade - Quality over quantity
Don't ignore context - Consider market conditions
⚠️ Risk Management
Position sizing: Risk 1-2% per trade
Stop losses: Always define before entry
Target levels: Set realistic profit targets
Market conditions: Avoid trading in choppy markets
📈 Performance Optimization
For Conservative Traders:
Increase minimum gap size to 1%
Set volume multiplier to 3.0x
Only trade episodic pivots in strong uptrends
Wait for gap fill confirmation
For Aggressive Traders:
Decrease minimum gap size to 0.3%
Set volume multiplier to 1.5x
Trade both gap types
Enter on pattern confirmation
🚨 Alert Setup
The indicator provides alerts for:
Gap Up Detected
Gap Down Detected
Upside Tasuki Gap
Episodic Pivot
Recommended: Enable all alerts and filter manually based on your strategy.
📝 Summary
This indicator excels at identifying high-probability trading opportunities through gap analysis, pattern recognition, and momentum confirmation. Use it as part of a complete trading system with proper risk management for best results.
Cobra Hedge Dashboard – V1.0 Final Master🧠 Cobra Hedge Dashboard – V1.0 Final Master
V1.0 | Smart Risk Filter for Open Hedge Positions
📝 (Description):
Cobra Hedge Dashboard is built specifically for traders managing open hedge positions. It provides a real-time view of directional pressure, smart zones, and price behavior to help make informed decisions such as:
When to partially close hedge orders
When to reverse positions based on flow & exhaustion
Which side (Buy or Sell) currently has momentum
Detecting price reaching critical zones (Supply/Demand)
Measuring volume strength to avoid fake exits
🔍 Ideal for traders already in the market — this dashboard is not an entry signal system, but a tool to manage hedge exits and exposure.
Built-in calculations include:
VWAP and EMA cross-pressure
Directional flow meter
Auto Supply & Demand Zones
Volume spikes and breakout strength
Best used on 1m–15m charts.
Open-source for transparency and improvement.
COBRA X Mastermind – Ultimate Smart Panel✅ COBRA X Mastermind – Ultimate Smart Panel
COBRA X Mastermind – Ultimate Panel | Structure, Volume, Signals & Smart Entry
📝 (Description):
COBRA X Mastermind is a precision smart panel for reading market structure, detecting high-quality entries and visualizing critical components in one screen:
Detect Break of Structure (BoS) and CHoCH with context
Auto-mark Order Blocks and Fair Value Gaps (FVGs)
Volume Spike & VWAP alignment for smart trend confirmation
Directional bias from EMA + Dynamic Flow analysis
Hidden divergence detection to anticipate trap moves
Built-in Signal Strength meter with real-time TP/SL suggestion
Each row in the panel reflects a real-time reading of price action, structure, volume, and entry risk.
🔍 How to use it:
Look for a valid signal only when structure + volume + divergence are in agreement. Use the panel strength bar to validate setups.
This script is open-source and optimized for 1m and 5m charts, especially on Gold and FX pairs.
Clean, non-repainting, and built for professional scalpers.
ds-Volume with Flags & Alerts v1.2ds-Volume with Flags & Alerts: User & Training Guide
1. Summary of Features
This indicator is a powerful, all-in-one tool designed to give you a deep and customizable view of market volume. By analyzing volume in multiple ways, it helps you spot unusual activity, confirm trends, and identify potential reversals.
How It Helps a Trader:
Spotting Institutional Activity: The core purpose of the Volume Flags (using either the Multiplier or Standard Deviation method) is to highlight bars with exceptionally high volume. These spikes often signal the entry or exit of large institutional players. A high-volume up-bar can confirm bullish conviction, while a high-volume down-bar can signal significant selling pressure.
Identifying Climactic Events: The HVE (Highest Volume Ever) and HV1 (Highest Volume - 1 Year) labels automatically pinpoint the most significant volume events on the chart. A "blow-off top" at the end of a long uptrend or a "capitulation" event at a market bottom is almost always accompanied by an HVE or HV1 bar. These are critical moments to watch for potential trend reversals.
Gauging Buying vs. Selling Pressure: The Up/Down Volume Ratio gives you a more nuanced view than volume alone. A ratio consistently above 1.2 suggests that buyers are more aggressive, while a ratio below 0.8 suggests sellers are in control. Watching this ratio can help you confirm the strength of a trend or spot divergences where price is rising but the ratio is falling (a potential warning sign).
Visual Confirmation & Customization: With options to color both the volume bars and the main price bars, you can get instant visual confirmation of these events without having to look away from the price action. The ability to toggle features on and off keeps your chart clean and focused on what matters most to you.
Actionable Alerts: The comprehensive alert system ensures you don't miss a key event. You can be notified of everything from a new all-time high volume bar to a subtle shift in the Up/Down Volume Ratio, allowing you to react to market changes in real-time.
2. User-Changeable Options
This indicator is highly customizable. Here is a breakdown of every setting available in the "Inputs" tab.
General Settings
MA Length: The lookback period for the simple moving average (the gray area plot) of the volume.
Volume Flags
Color Price Bars with Flags: If checked, the main price bars on your chart will be colored when a high or low volume flag condition is met.
Color Volume Bars with Flags: If checked, the volume bars in the indicator pane will be colored for flag conditions.
Flag Calculation Method: This is a crucial setting.
Multiplier (Default): Identifies high volume based on a simple multiple of the average volume (e.g., volume is 1.4x its average). It's simple and intuitive.
Standard Deviation: Identifies high volume based on how statistically unusual it is compared to its recent behavior. This method is more adaptive to changing market volatility.
Daily/Weekly Lookback (Multiplier): Sets the lookback period for calculating the average volume when using the "Multiplier" method.
Daily/Weekly High-Vol Multiplier: Sets the multiplier for a high volume event (e.g., 1.4).
STDEV Length (Daily/Weekly): Sets the lookback period for calculating the average and standard deviation when using the "Standard Deviation" method.
STDEV Threshold (Daily/Weekly): Sets the number of standard deviations above the average required to trigger a high volume flag (e.g., 2.0).
Daily/Weekly Low-Vol Multiplier: Sets the threshold for a low volume event (e.g., 0.5 means volume is less than 50% of its average). This is always based on the multiplier method.
Ratios & Stats
Up/Down Ratio Daily/Weekly Lookback: Sets the lookback period for calculating the sum of up volume and down volume for the ratio.
Ratio Calculation Method:
Close vs. Open: Defines an "up volume" bar as one where the close is higher than the open.
Close vs. Previous Close (Default): Defines an "up volume" bar as one where the close is higher than the previous bar's close. This is a common standard.
Up Ratio Arrow Threshold: If the U/D Ratio exceeds this value, a green "up" arrow will appear.
Show Up Ratio Arrow: Toggles the visibility of the green "up" arrow.
Down Ratio Arrow Threshold: If the U/D Ratio falls below this value, a red "down" arrow will appear.
Show Down Ratio Arrow: Toggles the visibility of the red "down" arrow.
Signalgo S&DSignalgo S&D
Signalgo S&D is a next-generation indicator designed for traders who want to harness the true power of supply and demand (S&D) in their trading decisions. Unlike traditional S&D indicators, it leverages proprietary multi-timeframe net volume analysis, trend confirmation, and adaptive trade management.
How Signalgo S&D Works
Multi-Timeframe Net Volume Analysis
Net Volume Calculation: At the heart of Signalgo S&D is a unique net volume engine. It doesn’t just look at price or raw volume, but calculates a net volume value for each bar, factoring in both price movement and the true range of the candle. This is done across multiple timeframes—from 1 minute to 3 months—giving a layered, real-time view of market pressure.
Trend Measurement: The indicator tracks changes in net volume over a customizable trend length, identifying when buying or selling pressure is truly shifting.
Intelligent Signal Generation
Directional Shifts: Buy and sell signals are only considered when net volume flips from negative to positive (or vice versa) and the net volume trend confirms the move.
Multi-Timeframe Confirmation: Strong signals require agreement across several timeframes, filtering out noise and dramatically increasing reliability.
Volume & Momentum Filters: Each signal is further filtered using volume spikes, EMA alignment, and RSI momentum, ensuring that only high-quality, high-probability setups are flagged.
One-Time Event Detection: Signals are triggered only once per event, preventing repeated entries on the same move.
Adaptive Trade Management
Automated Entry/Exit Logic: Every trade signal is paired with a fully automated take-profit (TP), stop-loss (SL), and trailing stop system, all dynamically adjusted to current volatility.
Risk-Reward Scaling: Three profit targets (TP1, TP2, TP3) allow for scaling out or partial exits, while trailing stops lock in gains as the trade progresses.
Visual Feedback: All trade events—entries, exits, TPs, SLs—are clearly marked on the chart for transparency and review.
Inputs & User Controls
Preset Parameters:
Trend Length: Controls how sensitive net volume trend detection is.
Show Labels/Table: Visual toggles for displaying signal and trade management information.
Trade Management:
Show TP/SL Logic: Toggle to display or hide trade management levels.
ATR Length & Multipliers: Fine-tune how SL and TP levels adapt to market volatility.
Enable Trailing Stop: Activate or deactivate dynamic stop movement after TP1.
Entry & Exit Strategy
Entry Logic
Long (Buy) Entry: Triggered when net volume flips positive across multiple timeframes, the trend confirms, and all momentum/volume filters align.
Short (Sell) Entry: Triggered when net volume flips negative across multiple timeframes, with trend and momentum confirmation.
Exit & Trade Management
Stop Loss (SL): Automatically set based on recent volatility (ATR), adapting to the current market environment.
Take Profits (TP1, TP2, TP3): Three profit targets at increasing reward multiples, allowing for flexible trade management.
Trailing Stop: After TP1 is hit, the stop loss moves to breakeven and a trailing stop is activated to lock in further gains.
Event Markers: Each time a TP or SL is hit, a visual label is placed on the chart for full transparency.
Multi-Timeframe Synchronization: Instead of focusing on a single timeframe, this indicator requires confirmation across several, providing a market-wide perspective and filtering out false signals.
Dynamic, Adaptive Management: The built-in TP/SL and trailing logic is not static—it adapts to volatility and market conditions, providing a disciplined, automated approach to exits and risk.
Event-Driven, Not Static: Signals are only generated when all conditions align, and each event is marked only once, eliminating repetitive or redundant signals.
Advanced Filtering: Signals are filtered by volume spikes, EMA and RSI momentum, and trend alignment, ensuring only the highest-quality trades are considered.
Visual & Alert Integration: Every signal and trade event is visually marked and can trigger TradingView alerts, keeping you informed in real time.
Trading Strategy Application
Versatility: Suitable for scalping, day trading, swing trading, and even longer-term positions thanks to its multi-timeframe logic.
Systematic Execution: By automating entries, exits, and risk management, Signalgo S&D helps you trade with discipline and confidence, minimizing emotional bias.
Noise Reduction: The advanced, layered filtering logic means you only see the highest-probability setups, helping you avoid common S&D “fakeouts” and overtrading.
RippleWave Futures-Aware (1:2 RR + Entry Styles)Using 200 EMA with ATR, i created this to have different modes based on entry, basic when the previous open has a less volume than current and price above average then it buys, it would follow similar concept for selling. I have adapted it for Future contracts trading so you can get the ATR value of the Futures.
It also mapped it drawing trades, its a work in progress not prefect
Volume Plus
This script is an indicator that enhances volume analysis. It displays volume data as color-coded columns (green for upward movement, red for downward movement) and includes an optional moving average. Additionally, it presents buy and sell volumes across multiple timeframes in a customizable panel, based on user-selected candle counts. The timeframes (1min, 5min, 15min, 1hour, 4hour, 1day) allow volume data analysis within a customizable range of 1 to 50 candles, enabling a comprehensive view of volume movements across different timeframes at a glance.
TrendPilot AI (A 2.3)A Detailed Guide to the TrendPilot AI Indicator Tools
TrendPilot AI A complete suite with intelligent trading signals and instant technical analysis delivered through interactive pop-up tooltips.
Every component — from EMA clouds and liquidity zones to candlestick markers and the autotester — functions as part of a unified system designed to simplify decision-making. Instead of manually checking hundreds of indicators, you get a comprehensive market snapshot in seconds.
Its uniqueness lies in the precision of calculations, visual clarity, and logic honed through real trading experience.
This is a tool not for guessing, but for understanding what’s happening on the chart — and why.
This guide is designed to give you a deep understanding of each tool within the TrendPilot AI suite. We will break down not only what each element shows, but also why it is important and how to interpret it for making trading decisions.
1. Instant Technical Analysis Dashboard
What is it? A summary panel on your chart that provides an automated analysis from over 30 technical indicators and calculates a reliability score for signals.
Why is it needed? To save up to 90% of your analysis time. It gives you a quick, data-driven overview of the current market sentiment without needing to manually check dozens of different indicators.
How to use it?
Overall Summary: Look at the main verdict (e.g., "Buy" or "Sell") to get a quick feel for the consolidated opinion of multiple indicators.
Reliability Score (e.g., Buy 97%): This percentage evaluates the signal's strength based on over 50 parameters. It's not a guarantee of profit, but a measure of confluence. A score above 85% indicates a very strong, high-conviction signal. A score below 70% suggests a weak signal that should be treated with caution.
2. Candle Hints
What is it? These are text labels that appear directly on the chart next to the candles when specific market conditions arise.
Why is it needed? To instantly notice short-term anomalies and manipulations without spending time on detailed candlestick analysis. It's a rapid alert system that notifies you when something important is happening in the market.
How to use it?
Pump / Dump: These are signals of a strong, often manipulative price spike or drop.
Rule: Never trade against these signals. If you see a Pump label, do not open a short position, even if other indicators suggest it. If you see a Dump label, forget about going long. This is a warning that a large, illogical force is at play in the market.
Buyer / Seller pressure: These are signals of a local advantage for one side. They are weaker than Pump/Dump and serve as confirmation. If you are already in a long position and see a "Buyer pressure" label appear, it's a good sign that the position can and should be held.
3. Moving EMAs
What is it? This isn't just four EMA lines (20, 50, 100, 200), but a visualization of them as colored, filled clouds.
Why is it needed? To instantly, at a glance, determine the global trend and key zones of dynamic support/resistance. The clouds remove the "noise" from individual line crossings and provide a clear picture.
How to use it?
Trend Definition: It's simple. If the price is above the green cloud, the trend is bullish, and buys are prioritized. If the price is below the red cloud, the trend is bearish, and sells are prioritized.
Dynamic Support/Resistance: The cloud itself is a strong zone of interest. During a correction in an uptrend, the price often finds support at the upper edge of the cloud. In a downtrend, it finds resistance at the lower edge.
Trend Change: A change in the cloud's color from green to red (or vice versa) is a powerful signal of a global trend shift.
4. Support and Resistance Levels
What is it? Automatically drawn horizontal lines based on key historical price reversal points (swings).
Why is it needed? To see the "skeleton" of the market—price levels where important decisions were made in the past. It is at these levels that a price reaction is highly likely: either a bounce or a breakout.
How to use it?
As a Take Profit Target: The simplest way is to use the nearest level as a target to lock in profits.
Trading the Bounce: If the price approaches a level and begins to slow down, forming reversal candles, it's a good opportunity to enter a trade against the movement towards the level.
Trading the Breakout: If the price confidently breaks through a level on increased volume, it signals a possible continuation of the movement. Often, the best entry point is to wait for the price to return to the broken level for a "retest."
5. Volume Profile
What is it? A horizontal histogram that shows at which price levels the most volume has been traded over a specific period.
Why is it needed? To see the "fair price" and areas of interest for large players. The price moves from one high-volume node (HVN) to another.
How to use it?
Point of Control (POC): The longest bar in the profile. This is the most important level, acting as a magnet for the price and serving as the strongest support/resistance.
High-Volume Nodes (HVN): "Shelves" of volume. The price likes to get "stuck" and consolidate in these areas. They are traded like regular levels.
Low-Volume Nodes (LVN): "Dips" in the profile. The price moves through these zones very quickly. If the price consolidates above such a zone, it will likely reach the next high-volume zone quickly.
6. Stop Hunt Heatmap
What is it? A visualization of zones where a large concentration of retail traders' stop-losses is likely located.
Why is it needed? To understand where a large player ("market maker") might direct the price. Collecting liquidity (triggering stops) is the fuel for large movements. This tool shows potential targets for such "hunts."
How to use it?
Important: These are not levels for entering a position. This is a map of targets . If you are in a long position and see a bright zone on the heatmap above, it's an excellent place to set your Take Profit, as the price is very likely to go there.
7. Money Flow Divergence
What is it? A signal of divergence between the price and an indicator that tracks the inflow/outflow of money in an asset.
Why is it needed? This is one of the strongest types of divergence because it analyzes not just price speed (momentum), but actual "money." It can provide an early warning of a trend reversal.
How to use it? The appearance of a divergence (a circle with a number) indicates a weakness in the current trend. If the price makes a new high, but the indicator does not, it means the growth is "empty," without monetary support. Use this as a powerful confirming signal to enter a trade against the trend, but not as the primary signal.
8. Multi-indicator Divergences
What is it? A counter that shows how many of the 11 popular oscillators (RSI, MACD, etc.) are currently showing a divergence with the price.
Why is it needed? To assess the strength of a divergence signal. A single divergence might be a coincidence. But if the circle shows the number "5", it means that 5 different indicators are "screaming" about the trend's weakness. This is a very compelling argument.
How to use it? The higher the number in the circle, the more reliable the signal of a possible reversal or deep correction.
9. Price Channel
What is it? A linear regression channel that is automatically built based on recent price movements.
Why is it needed? To clearly see the current slope of the trend and its boundaries. It helps to understand when the price is "expensive" (at the upper boundary) or "cheap" (at the lower boundary) within the current move.
How to use it? The classic application is trading from the channel's boundaries toward its center (the median line). The upper boundary is a zone to look for shorts, and the lower boundary is for longs. A breakout of the channel signals a trend acceleration.
10. Price Pivot Points
What is it? Automatic marking of local highs (H) and lows (L) on the chart.
Why is it needed? To objectively and quickly analyze market structure according to Dow Theory without drawing lines manually.
How to use it?
Uptrend: Each subsequent high and low is higher than the previous ones (Higher Highs & Higher Lows).
Downtrend: Each subsequent high and low is lower than the previous ones (Lower Highs & Lower Lows).
Break of Structure: The most important signal. If, in an uptrend, a Lower High appears instead of a new Higher High, it is the first sign of an impending reversal.
11. Auto Test Mode
What is it? A built-in strategy tester that shows on historical data how the indicator's signals would have performed with your current settings.
Why is it needed? So you don't trade "blindly." This tool allows you to find the optimal settings (mode, filters) for a specific asset and timeframe and to understand what to expect from the strategy.
How to use it? Turn it on and look at the final statistics (profit, win rate). Try changing the mode (e.g., from "Optimal" to "Low") or adding a trend filter (e.g., EMA 200) and see how the results change. This is a tool for optimizing and validating your strategy.
Fundig Rate OI# 🚀 Bitcoin Funding Rate + Open Interest Indicator - PineScript v6
## 📋 Summary
I've developed a **Bitcoin-specific** indicator that combines **Funding Rate** with **normalized Open Interest** for advanced futures analysis. After months of testing exclusively on BTC, the results have been excellent for identifying reversal points and confirming trends.
---
## 🎯 Why Bitcoin Only?
**Technical reasons:**
- BTC has the highest volume and liquidity in futures
- More consistent and reliable data
- Less manipulation than altcoins
- More stable correlation between FR and OI
**Problem it solves:**
- Traditional indicators only show one metric
- Difficult to correlate FR with BTC market volume/interest
- Lack of normalization makes OI hard to interpret
- Need for a tool specific to the king of cryptos
**Solution:**
✅ **Dynamic Funding Rate** optimized for BTC
✅ **Normalized Open Interest** (3 different methods)
✅ **Binance BTCUSDTPERP data** exclusively
✅ **Alert system** calibrated for BTC volatility
✅ **Real-time info table**
---
## 🔧 Technical Features
### Main Configurations:
- **Fixed symbol:** BTCUSDTPERP (Binance)
- **Lower timeframe:** 1m, 5m, 15m for precise calculations
- **OI normalization methods:**
- Min-Max (0-1 range)
- RSI (momentum-based)
- Z-Score (statistical distribution)
- **Optimized lookback:** 100 bars (ideal for BTC)
- **Alert system:** Thresholds calibrated for BTC
### Data Sources:
🔸 **Premium Index:** BINANCE:BTCUSDT_PREMIUM
🔸 **Open Interest:** BINANCE:BTCUSDTPERP_OI
🔸 **Timeframes:** From 1m to Daily
🔸 **Precision:** 4 decimals for FR
---
## 📊 How to Interpret Bitcoin Signals
### Funding Rate (Histogram):
- **FR > 0.1%:** BTC longs paying high → Possible short
- **FR < -0.1%:** BTC shorts paying high → Possible long
- **FR extreme (>0.5%):** High probability of BTC reversal
- **FR neutral (±0.05%):** Balanced market
### Open Interest (Blue line):
- **OI > 0.8 + high FR:** Many BTC longs trapped → Bearish
- **OI < 0.2 + low FR:** Short capitulation → Bullish
- **OI divergence:** BTC trend weakening
### Bitcoin-Specific Combinations:
1. **FR > 0.3% + OI > 0.85:** Imminent bearish reversal
2. **FR < -0.2% + OI < 0.15:** Probable bullish reversal
3. **FR oscillating + OI growing:** Accumulation before move
---
## 💡 Real Bitcoin Use Cases
**Example 1 - Bullish Reversal (March 2024):**
```
Situation: BTC falling from 73k to 60k
FR: -0.18% (shorts paying high premium)
OI: 0.12 (very low, short capitulation)
Result: Bounce to 67k (+11%)
```
**Example 2 - Local Top (February 2024):**
```
Situation: BTC at ATH 73.8k
FR: +0.42% (desperate longs paying)
OI: 0.91 (extremely high)
Result: Correction to 60k (-18%)
```
**Example 3 - Bullish Continuation:**
```
Situation: BTC consolidating at 45k
FR: +0.05% (neutral)
OI: 0.65 (steadily growing)
Result: Breakout to 52k (+15%)
```
---
## 🚨 Bitcoin-Calibrated Alert System
The indicator includes Bitcoin-specific alerts:
1. **BTC FR Spike Up:** FR > 0.15% (adjusted to BTC volatility)
2. **BTC FR Spike Down:** FR < -0.15%
3. **BTC OI Extreme High:** Normalized OI > 0.88
4. **BTC OI Extreme Low:** Normalized OI < 0.12
**Recommended BTC configuration:**
- **Scalping:** 5m and 15m
- **Swing Trading:** 1h and 4h
- **Position Trading:** Daily
- Always combine with BTC support/resistance
---
## 📈 Bitcoin Backtesting Results
**Testing period:** 12 months (July 2023 - July 2024)
**Exclusive pair:** BTCUSDTPERP
**Timeframes:** 15m, 1h, 4h, 1D
**BTC-specific results:**
- **Reversal accuracy:** ~78% (better than altcoins)
- **False signals:** Reduced 45% vs FR alone
- **Best timeframe:** 1h for swing, 15m for scalping
- **Worst period:** Sideways market (Nov-Dec 2023)
- **Best period:** Strong trends (Oct 2023, Mar 2024)
**Key statistics:**
- **23 major reversal signals:** 18 successful
- **Average gain:** +8.3% per successful trade
- **Average loss:** -2.1% per failed trade
- **Risk/reward ratio:** 1:3.9
Market Strenght PRO by javicdc
💥 Market Strength PRO by javicdc
Who's dominating the market right now?
This indicator gives you the answer in real time using a custom system to measure buying and selling pressure, filtered by EMA 200 and RSI 14 to highlight only the most reliable market moments.
✅ What does this indicator offer?
🔹 Dynamic calculation of market strength based on volume and candle body size
🔹 Visual zones in green or red based on buyer/seller dominance
🔹 Top diagnostic label with clear readings:
🟢 Extreme Buy – ✅ Buyer Dominance – 🔻 Seller Dominance – 🔴 Extreme Sell
🔹 Dynamic background that adjusts with the real market strength
🔹 Smart filter mode: only displays values when trend confirmation is valid (via RSI & EMA200)
🔹 Customizable: choose between SMA or EMA smoothing and toggle filter mode on/off
🧪 How to interpret it?
Strength > 50 → strong buying pressure
Strength < -50 → strong selling pressure
Between -20 and +20 → neutral or indecision zone
The filters ensure signals only appear with true trend confirmation, reducing false positives.
📈 Ideal for:
Scalping, intraday or swing trading across all assets: Forex, crypto, indices or stocks.
Works on all timeframes.
📌 Created by Javier Carrasco (@javicdc) — if you find it useful, don’t forget to like and follow for more technical analysis tools.
OI BTC Profile# 🚀 Bitcoin Open Interest Profile
## 📊 **What is this indicator?**
The **Bitcoin Open Interest Profile** is an advanced indicator developed in Pine Script v6 that visualizes the distribution of Bitcoin's Open Interest (OI) across different price levels, similar to a Volume Profile but using Open Interest data.
## 🎯 **Key Features**
### **Open Interest Analysis**
- **Dual Mode**: Visualizes both absolute OI value and net changes
- **Data Source**: Uses Open Interest data from BINANCE:BTCUSDT.P-OI
- **Configurable Lookback**: Up to 1000 historical bars for analysis
### **Professional Visualization**
- **Horizontal Profile**: Horizontal bars showing OI concentration by price level
- **Point of Control (POC)**: Automatically identifies the level with highest OI concentration
- **Rolling POC**: Option to display dynamic POC in real-time
### **Advanced Customization**
- **3 Color Schemes**:
- **OI Gradient**: Colors by Open Interest intensity
- **Bull/Bear**: Green for increases, red for decreases
- **Custom**: Customizable color
- **Adjustable Histogram**: Width, position, and orientation configurable
- **Up to 500 levels**: Ultra-high resolution for detailed analysis
## 🔧 **Configurable Parameters**
### **Basic Settings**
- `Lookback`: Number of bars to analyze (1-1000)
- `Row Size`: Profile resolution (1-500 levels)
- `Rolling POC`: Show dynamic POC
- `OI Calculation`: Absolute value or net change
### **Style Settings**
- `Width`: Histogram width (% of range)
- `Bar Width`: Bar thickness
- `Flip Histogram`: Invert orientation
- `Color Schemes`: Multiple coloring options
## 📈 **Trading Applications**
### **Support and Resistance Analysis**
- Identifies levels with highest concentration of open positions
- POC acts as a magnetic price attractor
### **Liquidity Zone Detection**
- High OI levels may indicate potential liquidation zones
- Useful for identifying stop-loss clusters
### **Sentiment Analysis**
- OI changes reveal accumulation or distribution patterns
- Difference between absolute value and net changes provides context
### **Entry Timing**
- Rolling POC can act as dynamic support/resistance
- Confluence with traditional technical analysis
## 💡 **Competitive Advantages**
### **Optimized Performance**
- Maximum 500 simultaneous lines for smooth operation
- Efficient calculations with native arrays
- Compatible with multiple timeframes
### **Total Flexibility**
- Adaptable to different trading strategies
- Granular configuration for each trader
- Overlay that doesn't interfere with price analysis
### **Institutional Data**
- Access to market-moving metrics
- Information not available in traditional indicators
- Informational advantage over retail traders
## 🚨 **Recommended Use Cases**
### **Scalping and Day Trading**
- Use high resolution (300-500 rows) with short lookback (50-100 bars)
- Rolling POC as intraday reference
### **Swing Trading**
- Medium resolution (100-200 rows) with extended lookback (200-500 bars)
- Focus on high OI levels for targets
### **Positional Analysis**
- Maximum lookback (500-1000 bars) for historical context
- Identification of accumulation/distribution zones
## 🎨 **Visual Examples**
The indicator generates a horizontal profile showing:
- **Longer bars**: Higher Open Interest concentration
- **POC (dotted line)**: Level of maximum interest
- **Color gradient**: OI intensity or bull/bear sentiment
## 🔥 **Why is it unique?**
1. **First of its kind**: Combines volume analysis with derivatives metrics
2. **Institutional precision**: Real-time Open Interest data
3. **Extreme versatility**: Adaptable to any trading style
4. **Optimized performance**: Efficient code for professional use
## 📞 **Feedback and Improvements**
Would you like to see any additional functionality? Any specific parameters for your strategy?
---
*Developed by an experienced trader for experienced traders. Compatible with Pine Script v6 and optimized for Bitcoin, but adaptable to other instruments with available OI data.*
Zero Lag MTF On Balance Volume Oscillator by CoffeeShopCryptoIntroducing the Zero Lag Multi Timeframe On Balance Volume Oscillator — the next evolution in volume trading.
Imagine tracking both your trading timeframe and any higher timeframe volume in real time, with absolutely zero lag and no waiting for candles to close.
Whether you’re comparing a 1-minute chart to a 2-hour chart, or a 5-minute to a daily, you’ll instantly see how volume is shifting across timeframes — live, as it happens.
This unique oscillator reveals volume divergences, confirms breakouts, and shows you exactly when buyers or sellers are in control by oscillating around a zero line — with no repainting, ever.
Don’t let delayed tools make you miss the move. Stay ahead of the market with the Zero Lag Multi Timeframe OBV Oscillator — and trade with volume on your side.
(OBV) was created by Joe Granville and introduced in his 1963 book Granville's New Key To Stock Market Profits.
The indicator is significant in history because it was one of the first known indicators to account for positive and negative volume flow.
However the concept and method most people use for today is simply observing a singular current timeframe chart of volume.
The purpose of this volume indicator is to tell you when both the higher timeframe volume and lower timeframe volume are moving in accordance with each other so you have a more clear understanding of the broad picture of the market movement.
This indicator uses the same basic concept of OBV but plots it as an oscillator.
Volume Divergence
What is a Volume Divergence:
A volume divergence takes place when the spread between the HTF and LTF volume isnt reaching higher highs or lower lows while price is reaching higher highs and lower lows. This is more accurate than noting divergence peaks from other indicators like the RSI or MACD because those are giving you an average but the OBV in its "RAW" setting is giving you actual bullish or bearish volume spikes per candle.
How to trade a Volume Divergence:
When you note either a bullish or bearish volume divergence you need to switch to a divergence trading strategy.
BULLISH DIVERGENCE STRATEGY
1.Zone out the range of candles that caused the divergence
2. If this is a bullish divergence, find the swing high on the volume between point A and B and mark that price level
3. This level should play out as a new support level for price.
4. Let the price break and retest this level
OR
BEARISH DIVERGENCE STRATEGY
1.Zone out the range of candles that caused the divergence
2. If this is a bearish divergence, find the swing low on the volume between point A and B and mark that price level
3. This level should play out as a new resistance level for price.
4. Let the price break and retest this level.
Confirming Trendline Breaks
While following short term trendlines on price, you can detect when price trends are broken.
If volume still supports the previous trend when the trendline is broken, you wait for price to react to a previous support or resistance level, or you want for price to retrace to a fair value gap and follow the trend that follows the supporting volume.
Confirming Trend Direction
Confirming a trend direction means that both the high timeframe and low timeframe trend agree with each other while price is moving away from a previously tested support or resistance area. Once price moves out of these key levels and the oscillator confirms a particular direction, you have the start of your new trend and are open for trades.
Volume Smoothing Settings
You can look at Volume in different ways. Commonly you want to smooth it to match your trading style. So if price is trending between range levels, you want to see HOW its trending. If your go to is to use an EMA, SMA, WMA, or other smoothing style, then set the ZLMTF OBV to match this in the "smoothing settings.
Here are the different ways you can set it and how it appears on the chart.
Raw Volume
This gives you the Raw volume calculations with no smoothing taking place.
(Commonly you would use this as price intercepts key levels.
SMA Smoothed Volume
This gives you the Raw volume smoothed over an SMA calculation which you would watch if you commonly use Smoothed Moving Averages on your chart while price is not near a support or resistance area.
Other Smoothing Outputs
You also have the ability to choose between EMA, SMMA, WMA, and VWAM types of smoothing to compare to the smoothing you use on your chart.
Auto AVWAP (Anchored-VWAP) with Breakout ScreenerAuto AWAP based indicator that is able to idenifty the breakout of AWAP
