(ENG)
This script consists of my own strategy for cryptocurrency (but can be adapted very well for stocks, forex, etc.)
Is a combination of:
- Four Exponentials Moving Average (EMA), configurables: by defect are 10, 21, 55 and 200 periods in yellow, aqua, orange and blue each of them
- Parabolic SAR System (PSAR), configurable
- Volume Profile (that has been...
It's annoying to have to redraw the anchored VWAPs over and over, so I wrote an indicator that will create an anchored VWAP for every session and daily open.
Session times are configurable. Disable the ones in Styles that you don't need.
Enjoy!
Directional Movement Indicator:
+DI and -DI
I changed the color of the bar bars according to the crossed of +DI and -DI . It helps us to have an idea of whether the trend is continuing or not.
+DI crossover to -DI barcolor is Aqua, if not bar color is Red.
It also helps us to find the lowest and highest points of the graph according to the positions of Adx +DI...
Displays volume data in panel on bottom right of screen. Shows current bar, change from last bar and average of last 20 bars. This number can be changed in settings if you wish to have the average calculated on a different amount of bars.
Volume can be a very useful tool if used correctly. Relative volume is designed to filter out the noise and highlight anomalies assisting traders in tracking institutional movements. This tool can be used to identify stop loss hunters and organized dumps. It uses a variety of moving averages to hide usual activity and features an LSMA line to show trend. Trend...
Love volume analysis but it's hard for you to implement a simple strategy by it?
Use OBV.
Is OBV still not quite as it should be for you to get it in your trading system?
Use OBV Oscillator.
Does OBV Oscillator give you too many false signals and when you smooth it, it lags by a ton?
Then this indicator is the answer to your problem.
Introducing the...
Distribution days is a term related to distribution stock in the sense that heavy institutional selling of shares is taking place. A distribution day, technically speaking, occurs when major market indexes fall 0.2% or more on volume that is higher than the previous trading day.
A follow-through day occurs during a market correction when a major index closes 1%...
Volume Flow
This is an indicator script based on
Calculate the trading volume through the moving average series of indicators. If the long position moving average exceeds the volume moving average, it is considered a strong long signal, if the short position moving average exceeds the volume moving average, it is considered a strong short signal.
This code shows expected reaction target prices after sudden moving based on RSI. Red area means the price is on overbought area, green area means the price is on oversold area. If you see red area under price, you can make short option to next to the horizontal beginning price of red area. If you see green area over price, you can make long option to next to the...
Because the big Bitcoin crash I have been looking a lot at high timeframe metrics. I never spent much time learning POC so I decided to create a little script for determining these on higher timeframes.
Currently included: Monthly, 3 months and 6 months.
/* DEFINITION */
Point Of Control (= POC) is a price level at which the heaviest volumes were traded.
Value...
Alright, as per usual with these, I end up adapting an existing indicator to what I want to accomplish. So this is based off the built in VWAP indicator. I added in the gummy worm to easily identify the trend, as well as the related bands to identify potential areas to either reverse position or to trim an existing one.
The middle part of the bands are the gummy...
█ OVERVIEW
This Pine script shows how it can be quite simple to personalize a built-in indicator for your needs.
█ OUR SCRIPT
Our objective was to add the current values for volume and its moving average in prominent view, and use brighter colors than the built-in.
We started with the source code from the "Volume" built-in indicator. You can access the...
This script adds arrows to where Open and/or Close are.
It is usually better to study seasonal volume with candles off, yet it is worth knowing where the closing price is.
![BTCUSD: [francrypto® strategy] 4 EMAs, P.SAR & Vol.Prof. (by kv4coins)](https://s3.tradingview.com/6/6t3JfRXa_mid.png "[francrypto® strategy] 4 EMAs, P.SAR & Vol.Prof. (by kv4coins)")
![BTCUSD: Adapting a built-in [PineCoders]](https://s3.tradingview.com/j/J8kODTBn_mid.png "Adapting a built-in [PineCoders]")
