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VolVol

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VolVol: Volatility & Volume

The indicator consists of 3 oscillating components that are all represented on a positive/negative percentage scale.

  1. Direction: Green/Red shaded area
    Smoothened distance between Close and EMA of Close relative to StDev of Close
  2. Intensity: Turquoise line
    If direction = bullish: Smoothened distance between Low and EMA of Low relative to StDev of Low
    If direction = bearish: Smoothened distance between High and EMA of High relative to StDev of High
  3. Momentum: Fuchsia line
    Double exponential average of bullish closing volume - bearish closing volume


The indicator provides the following signals on the candlestick charts based on the above components' movements.

  • Bullish position signals: Below candles
  • Bearish position signals: Above candles


  1. Entry signal [Circle]: Increase in all 3 factors or sharp increase in Intensity + Momentum
  2. Add signal [Triangle]: Trend slowdown because of volume drop or retracement following a temporary consolidation
  3. Exit signal [Square]: Increase in Intensity and Momentum against the prevailing trend direction


There may be simultaneous Bullish and Bearish signals. These should be treated as hedges for existing positions.

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