Volume RSI

13 nov 2022

This is an indicator that shows the inflow and outflow of volume into a financial instrument. Volume is likely one of the most underrated source of data in trading unfortunately so there seems to be a lack of studies on it. The size of the candle is related to the strength of the move. The calculations for this are: cumulative sum of +volume if open < close OR -volume if open > close. This has been now transformed into an rsi style indicator to give a distinct advantage (or atleast thats the idea). The idea is that we take rsi of candles so we might as well take the rsi of volume candles. As far as I can tell it is faster/its own thing compared to regular rsi. I ave also added a smoothing option. Dont forget you can change the settings and you wont die. Thank you for your interest in this release I hope you find great piles of money with it.

link to the script I used to make this

14 nov 2022

Note di rilascio

I added OBV as an option just like volume candles

14 nov 2022

Note di rilascio

you can now disable regular divergence.

20 dic 2022

Note di rilascio

Removed div's as it wasnt worth having.