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Periodic Activity Tracker

By LuxAlgoMar 28, 2024

Periodic Activity Tracker is an indicator on Vela, our next-generation charting platform, written in Pine Script®.

Periodic Activity Tracker accumulates buy and sell volume separately inside each period you anchor it to (hourly, daily, weekly, or monthly) and draws the result as gradient-colored lines, per-period volume bars, and a running delta. Every period of the current cycle (the day's hours, the week's days, the month's weeks or the year's months) sits side by side with delimiters and tags, turning intraday activity patterns and calendar rhythm into a direct read of which side is pressing.

How to Trade the Periodic Activity Tracker?

  • Green line climbing fastest: aggressive buyers dominate the period's tape.
  • Red line climbing fastest: sellers are the ones attacking.
  • Positive, expanding delta: buyer strength with follow-through, the pattern that accompanies sustained pushes higher.
  • Matched volumes, flat delta: neither side in control, typical of ranging or contested periods.

Reading periods in sequence shows the balance evolving: matched months followed by a surge in buy volume and a widening delta is the tracker's classic pressure-building sequence. Weekly and daily anchors likewise expose day-of-week effects in participation.

Periodic Activity Tracker Settings

  • Anchor Period: the aggregation window: Hourly, Daily, Weekly, or Monthly.
  • Bar Width: sizing of the per-period volume bars, with a warning at the maximum.
  • Delta: enables or disables the delta area.
  • Volume colors for each side are selectable.

Frequently Asked Questions

Free to use

Run it on Vela. Go further with a paid plan.

  • Up to 500 Custom Alerts, with webhook automation
  • Up to 10× the chart history of Free
  • Orderflow lookback up to full history
  • More Quant usage to customize it, plus extra usage when you need it
  • Futures data alongside crypto, stocks, forex and commodities
See plans

Also works on

TradingView
NinjaTrader
Original indicatorBuilt in-house by LuxAlgo

Run it on Vela. Make it yours with Quant.

Open this indicator free on Vela, our next-generation charting platform. Then ask Quant, our coding agent built into Vela, to retune it or turn it into a backtested strategy of your own.