OPEN-SOURCE SCRIPT
Aggiornato

Directional Volume Index

6200
A new idea of mine that I am presently experimenting on for my trades.

The Directional Volume Index (DVI) is defined as follows:
DVI = VWMA(len1) - SMA(len2), where by default, len1==len2

The sign of the DVI provides volume confirmation of the direction of the price trend.
The magnitude of the DVI provides the volume confirmation of the strength of the price trend.

The novel aspects and principles of this indicator and this source code are the property of © cybernetwork.
This indicator and script is free for the TV community to use.


Note di rilascio
Removed redundant input.
Note di rilascio
Updated smoothing to VWMA smoothing.
Note di rilascio
Updated inputs.
Note di rilascio
Tweaked VWMA smoothing parameter.

NOTE: The accompanying analysis package is now republished as Directional Volume Index (DVI) {PREMIUM}.
Note di rilascio

  • Added Stdev based thresholds.
  • The DVI piercing the Stdev boundary suggests overexuberance in the corresponding direction.
  • Tightening of the DVI-Stdev bands can suggest the possible incoming of major move ahead.
Note di rilascio
Simplified script.
Note di rilascio
Updated vwma smoothing default.

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.