cheatcountry

Positive Volume Index + Negative Volume Index

This is my version of plotting the classic Positive Volume Index and Negative Volume Index . They can be wildly different sometimes and not very helpful with entry and exit points but I hope this helps clearly identify buy and sell signals. Buy when the indicator is green and sell when it is red

This was a special request so let me know when you want more scripts from me!
Note di rilascio: updated it so the signal length is able to be changed
Note di rilascio: updated to make it consistent with my other indicators
Note di rilascio: fixed issue with default resolution
Script open-source

Nello spirito di condivisione promosso da TradingView, l'autore (al quale vanno i nostri ringraziamenti) ha deciso di pubblicare questo script in modalità open-source, così che chiunque possa comprenderlo e testarlo. Puoi utilizzarlo gratuitamente, ma il riutilizzo del codice è subordinato al rispetto del Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

Vuoi usare questo script sui tuoi grafici?

Commenti

Hello, Thank you for putting this together. Quick question: what does signal length do? Is it based on timeframe? How would this change based on ema? Thank you
+1 Rispondi
cheatcountry dhman2012
@dhman2012, The indicator is the difference between positive volume index and negative volume index so the signal is the ema of the indicator based on the signal length. I chose the signal length because I wanted a number that would give crossovers between the signal and indicator but not too many. Feel free to change the signal length if you want.
+5 Rispondi
dhman2012 cheatcountry
@cheatcountry, Got it. Thanks for the explanation and the great work!
+1 Rispondi
cheatcountry dhman2012
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Great stuff (idea and its implementation)...
Are there any limitations or exceptions.
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what the black line mean?
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cheatcountry centurus69
@centurus69, The black line is the signal line of the indicator
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Thanks for the script, question the yellow dots (trend indication) on the top portion isn't connected to your indicator right?
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cheatcountry cloves2018
@cloves2018, yes that is one of my indicators
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great work
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