The Price & Volume Profile provides a holistic perspective on market dynamics by simultaneously tracking price action and trading volume across a range of price levels. So it is not only a volume-based indicator but also a price-based one. In addition to illustrating volume distribution, it quantifies how frequently the price has fallen within a...
This idea has been in my mind for a while. We all know how important volume is to technical analysis but volume and price itself doesn't mean much when volatility and momentum of the current trend is not taken into account. With this oscillator we try to combine all these factors into one indicator and provide a simplified interpretation of this relationship with...
Volume plus provides volume insights to identify increase or decrease in relative volume or sudden volume expansion that exceeds the average. Based on the period selected the script displays the color code.
1. Two different sensitivity levels can be selected for volumes and coloring.
2. Whenever the volume is higher than the selected SMA, volume bars...
Volume highlighter panel provides volume insights to identify gradual increase or drop in volume or sudden volume urge that exceeds daily threshold.
It helps to determine the price behavior of the underlying Index/stock to make informed decisions while trading.
a) Displays Live SMA (20) Volume with color code. SMA Cells turns green if...
Freedom of Movement Indicator
In “Evidence-Based Support & Resistance” article, author Melvin Dickover introduces two new indicators to help traders note support and resistance areas by identifying supply and demand pools. Here you can find the support-resistance technical indicator called "Freedom of...
Simple indicator for current price times current volume.
Two default signal
Green Bar with Blue Diamond - look for potential entry
Red Bar with Black Diamond - look for potential sell
Combine with Trendband Guide or Trendband Naked indicator for better result