AlgoAlpha
TradingView IndicatorFree to Use

Standardized Orderflow

Free TradingView Indicator by AlgoAlpha — Volume & Order Flow

Introducing the Standardized Orderflow indicator by AlgoAlpha. This innovative tool is designed to enhance your trading strategy by providing a detailed analysis of order flow and velocity. Perfect for traders who seek a deeper insight into market dynamics, it's packed with features that cater to various trading styles.

69.7kviews
2.7kboosts
2024-01-23published

Standardized Orderflow Features

Order Flow Analysis
At its core, the indicator analyzes order flow, distinguishing between bullish and bearish volume within a specified period. It uses a unique standard deviation calculation for normalization, offering a clear view of market sentiment.
Smoothing Options
Users can opt for a smoothed representation of order flow, using a Hull Moving Average (HMA) for a more refined analysis. �️ Velocity Tracking: The indicator tracks the velocity of order flow changes, providing insights into the market's momentum.
Customizable Display
Tailor the display mode to focus on either order flow, order velocity, or both, depending on your analysis needs.
Alerts for Critical Events
Set up alerts for crucial market events like crossover/crossunder of the zero line and overbought/oversold conditions.

How to Use Standardized Orderflow

1. Setup: Easily configure the indicator to match your trading strategy with customizable input parameters such as order flow period, smoothing length, and moving average types.
TradingView Chart Snapshot
TradingView Snapshot
TradingView Chart Snapshot
TradingView Snapshot
2. Interpretation: Watch for bullish and bearish columns in the order flow chart, utilize the Heiken Ashi RSI candle calculation, and look our for reversal notations for additional market insights.
TradingView Chart Snapshot
TradingView Snapshot
TradingView Chart Snapshot
TradingView Snapshot
TradingView Chart Snapshot
TradingView Snapshot
3. Alerts: Stay informed with real-time alerts for key market events.
TradingView Chart Snapshot
TradingView Snapshot
Code Explanation:
• Order Flow Calculation: The core of the indicator is the calculation of order flow, which is the sum of volumes for bullish or bearish price movements. This is followed by normalization using standard deviation.
• Velocity Calculation: The velocity of order flow changes is calculated using moving averages, providing a dynamic view of market momentum.
• Display Options: Users can choose their preferred display mode, focusing on either order flow, order velocity, or both.
orderFlowDisplayCond = displayMode !=

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