Calculates an Elastic Volume Weighted Moving Average (EVWMA), incorporating trading volume to dynamically adjust moving average responsiveness over a specified lookback length. It plots directly on the price chart as a single moving average line. Optional colo
Indicator · Pine Script v4 · On the chart
Volume & Dollar Bars
This indicator implements basic volume and dollar bar thresholds on the main price chart.
GitHub stars114on the repository
Pine versionv4older, still runs
Lines of code31
Settings3inputs
LicenceNone stated
Last update1 year ago7 Nov 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Volume & Dollar Bars accumulates either traded volume or dollar volume (volume multiplied by price) until reaching a user-defined delta threshold. When the accumulated value crosses the delta limit, it evaluates candle direction to transition between bullish and bearish states. Reversals plot small upward lime triangles below the bar or downward red triangles above the bar. Key inputs include the price source, bar type selection, and the delta threshold.
- Volume bar accumulation mode
- Dollar bar calculation mode
- Customizable delta accumulation threshold
- State-change directional marker plots
Details
Published by
capissimo on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Volume
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Price Data | source | open | price |
| Bar Type | string | Volume Bar | bartype |
| Delta | int | 34 | delta |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
Similar Pine Scripts
This overlay indicator screens a pasted list of up to forty symbols and draws a table on the price chart. It classifies bullish or bearish setups from the percent change between the current candle and the candle 250 bars back, then shows RSI with a simple movi
This overlay indicator draws a fixed-range volume profile on the price chart, splitting traded activity into up and down volume at each price level. It also plots a sentiment profile, a developing point of control, and value-area high and low around a configur
This indicator overlays historical ARK Invest buy and sell events for META on the price chart. It places green labels below bars for purchases and red labels above bars for sales, with a same-day count of how many selected ARK ETFs traded the stock. The ETF in
This overlay indicator marks call and put setups from EMAs, RSI, MACD, and a SPY volume ratio. A call needs higher highs, RSI above its minimum, rising MACD, above-average proxy volume, and a rising trend EMA; a put reverses those tests. Early markers use an E
An educational Pine Script v4 indicator demonstrating how to plot volume histograms on the main price chart using unscaled axes. The code includes examples and commented templates for creating vertical line markers at specific dates or time zones, such as mark
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers