Multi Dimensional Volume Delta
The Trendmaster Multi Dimensional Volume Delta is a trading bundle that offers multiple tools and insights to provide a complete overview of market activity, with a focus on retail and institutional trading volume.
The indicator provides a wealth of information to help traders and investors understand market activity, including volume profile and developing volume ranges, volume candles, session volume, and orderbook analysis.
By combining these tools, traders can gain a multi-layered and multi-dimensional insight into market conditions and use volume as confluence to make informed trading decisions. These tools can be used to identify potential areas of price reversal, monitor shifts in market sentiment, and target levels for potential reversal or movement.
submulti dimensional volume delta
Multi Dimensional Volume Delta
The Trendmaster Multi Dimensional Volume Delta offers a suite of tools providing a comprehensive overview of market activity, with a focus on retail and institutional trading volume. These tools, including volume profile, developing volume ranges, volume candles, session volume, and orderbook analysis, equip traders with multi-dimensional insight into market conditions.
- Name
Volume Profile- Type
- mode
- Description
- Profile & POC: Displays a standard volume profile based on the current timeframe. It also shows a long line, Point of Control (POC), which represents the price point with the highest volume and often a strong point for potential reversal or continuation.
- Profile: Only shows the Volume Profile based on the current timeframe.
- Off: Turns off Volume Profile.
- Colors: Green represents the volume below the current price, Red represents the volume above the current price, and POC is represented by blue. Colors are customizable.
- Name
Volume Range- Type
- toggle
- Description
- This outlines areas where there is potential accumulation or distribution of the ticker your are currently viewing this can be enabled or disabled with a tickable function. Accumulation is when buyers are interested in buying or longing an asset with belief that the price will eventually be higher than it currently is. Distribution is when sellers are interested in realizing profits or building short positions on an asset with the belief that it will eventually be lower in price than it currently is.
- Accumulation Zones (default blue) this is where there is likely accumulation and a potential continuation move up.
- Distribution Zones (default yellow) this is where there is likely distribution and a potential continuation move down.
- This function is very effective on higher timeframes to look at overall levels as well as to see zones that are likely to be retested.
- Name
Order Book- Type
- mode
- Description
This is a tickable function that displays buy and sell orders for an asset and their respective prices. These orders can provide support/resistance if they are strong enough to restrict price as well as provide liquidity for a stronger move against those positions. The Long orders are shown below current price and are shown as the default color orange, the Short orders are shown above current price as the default color fuscia.
- Active: Displays currently active levels for the specific asset and timeframe.
- All: Displays active and filled levels.
- Off: Turns off this tool. An effective use of this tool is to enable All and analyze an asset at a current timeframe to see how it has previously performed against Buy(Long) and Sell(Short) orders. Using this you can interpret where these orders are likely to provide support or resistance or liquidity to encourage price movement.
- Name
Volume Control Candles- Type
- toggle
- Description
- This is a highly useful tool that shows where the majority of the trading volume occurred in specific candles. Enabling this function will make your current candles hollow and allow you to look at this volume for reversals in volume per bar. Default bullish volume is green and default bearish volume is red.
- The most effective timeframes for this tool are low timeframes looking for reversals.
- The most effective use of this tool is using it to see where volume is “out of position”. This means that price is moving away from significant bullish or bearish volume effectively leaving traders “out of position”. When you see several candles that have volume going one direction and then the following candle is a reversal of price and volume then you effectively have volume (other traders) that are “out of position” which allows you to counter trade that volume effectively.
- Name
Session Volume- Type
- toggle
- Description
- This tool allows users to see volume overlaid onto the candles that effectively shows periods of time where volume is significantly bullish or bearish in these periods. These time periods decrease as you go lower in timeframe and increase as you go higher in timeframe.
- This volume is shown as bullish (Green) and bearish (Red) by default with the option of also showing divergences. Divergences in volume means there is an imbalance of volume to price and show potential points of reversal.
- The most effective way to use the Session Volume tool is to look on lower timeframes for reversals in volume. If you have increasing or decreasing volume which then reverses, this can be a leading indicator for potential change in price. On low timeframes this shows local changes in volume, on high timeframes it can show general shifts in bullish/bearish sentiment based off of volume.
Multi Dimensional Volume Delta
Volume Profile
:[Profile & POC, Profile, Off]
Volume Range
:[Enabled, Disabled]
Order Book
:[Active, All, Off]
Volume Control Candles
:[Enabled, Disabled]
Session Volume
:[Enabled, Disabled]
exampleMulti Dimensional Volume Delta
Examples of Multi Dimensional Volume Delta Use
Low Timeframe example
- An effective use low timeframe is using the Volume Profile with the Volume Profile and POC enabled, as well as the Volume Control Candles.
- On a timeframe like the 15 minute timeframe you are able to see the major points for major reversal using volume profile and the Point of Control. The Volume Control Candles are going to be very effectively actionable when targeting “Out of Position” volume.
- As an example if you see a strong bullish candle however the majority of the volume (green) is very high on the candle or in the high wick of the candle then the next candle can indicate a reversal if it shows a bearish candle with the majority of the volume (red) is below the green volume of the previous bullish candle.
- This indicates a strong potential reversal where the “out of position” bullish volume is not trapped as price is moving away from traders who bought or took long positions. Their positions can now provide liquidity for further downside as those positions are closed or liquidated causing further downside movement.
- Utilizing extra tools for more confirmation such as session volume and order book can provide more confluence to find reversals.
High Timeframe example
- An effective use high timeframe is using the Volume Profile with POC enabled, Volume Range, Session Volume, and Orderbooks enabled.
- Effectively this allows you see high timeframe changes in price trajectory. The volume profile will show locations of low volume where price can move to consolidate and range in a low volume area.
- Using this with volume ranges shows significant levels of accumulation and distribution. These areas where price moves below accumulation zones or above distribution zones can indicate significant continuations opposite of those zones effectively leaving entire zones “out of position”.
- The Session Volume can show drop offs or increase in volume at higher timeframes meaning that if volume decreases after an upside move that buyer interest has diminished and if volume increases after a downside move that seller interest has diminished.
- Combing that with orderbooks to see large pockets of support and resistance can also indicate where price is likely to start reversing.
- The concept behind using this tool on high timeframes is to see general shifts in overall bullish or bearish interest in the market and can indicate when high time frame reversals are likely to occur.
