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Aggiornato Shotoki - Relative V² Index
Hi,
I share to you my Relative Volume/Volatility Index. They are 2 indicators in 1, but are calculated the same way. In purple we have the Relative Volume Index and in green the Relative Volatility Index
The RV²I is a ratio between a sum of the volume/volatility from a long period and the sum of the volume from a shorter period.
The shorter period has obviously less volume that's why we create a coefficient to make it relevant regarding the long and short period.
When the the RV²I is equal to 1 then the market is behaving as before.
We here more looking for rising up RV²I to anticipate big moves.
The lighter the Index is the more active the market is.
When the volume index is above the volatility one then the market is struggling to find trend.
When the volume index is below the volatility one then the market is more likely to have a trend, no struggle.
If you want to use only one of these I suggest you to use the purple one (volume). When it goes up then there are more volume in stake and that's where I'm looking for trades
You can use it at any timeframe.
Best regards, Shotoki
I share to you my Relative Volume/Volatility Index. They are 2 indicators in 1, but are calculated the same way. In purple we have the Relative Volume Index and in green the Relative Volatility Index
The RV²I is a ratio between a sum of the volume/volatility from a long period and the sum of the volume from a shorter period.
The shorter period has obviously less volume that's why we create a coefficient to make it relevant regarding the long and short period.
When the the RV²I is equal to 1 then the market is behaving as before.
We here more looking for rising up RV²I to anticipate big moves.
The lighter the Index is the more active the market is.
When the volume index is above the volatility one then the market is struggling to find trend.
When the volume index is below the volatility one then the market is more likely to have a trend, no struggle.
If you want to use only one of these I suggest you to use the purple one (volume). When it goes up then there are more volume in stake and that's where I'm looking for trades
You can use it at any timeframe.
Best regards, Shotoki
Note di rilascio
I added the Relative Capital Index in blueEverything is said in the title of the new index, it show if the movement of capital is increasing regarding the past or not
Note di rilascio
I updated the screenshotNote di rilascio
Change nameadded an alpha of the resistance volatility index
Note di rilascio
Remove the resistance part to make it an indicatorScript protetto
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.