This is Volume based Buy and Sell Momentum script.
Basically I'd just adjusted PVI and NVI
But It's easy to understand current Volume trends and Momentums
Thank you and Wish your successful investment.
On Balance Volume (OBV)
Its formula relates the Volume to the price movement in the period,
determining the strength of the buying pressure and the selling pressure in the stock.
Measure the strength of the trend,
Identify Possible Rollbacks
Flag the emergence of new trends
Here is a unique way of looking at your price & volume information. Utilize the calculated value of "Shannon Entropy". This is a measure of "surprise" in the data, the larger the move or deviation from the most probable value, the higher the new information gain. What I think is so interesting about this value, is the smoothness that it displays the information...
Hi everyone
The today's script was suggested by a follower.
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1 minute of Knowledge
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Many traders look at volume as a pre-signal that a move may happen.
In trading, some say that "the volume precedes the movement".
This simply means that often volume will increase before a significant...
Ver1.0
The volume display format can be selected from and modes.
Just select in the settings.
In mode, BASIC volume is displayed behind the step line.
MA for volume can be selected from ...
PRIVATE SCRIPT published strictly for use/testing by close acquaintances for the Bitcoin and cryptocurrency markets.
Study shows London and New York trading sessions to help provide a closer look at how traditional hours/futures can/do effect the market.
coded two trend oscillators and one volume indicator with an smma crossover into one ribbon indicator.
top ribbon explanation:
yellow=unconfirmed uptrend/sideways, pink=unconfirmed downtrend/sideways.
green=confirmed uptrend, red=confirmed downtrend.
blue=OB confirmed uptrend, orange=OS confirmed downtrend, (look for exits)
Introduction
I recently derived the calculation of the relative strength index, an indicator that aim to spot overbought and oversold assets, but what is an overbought/sold asset ? Can such things be estimated with price alone ?
This why i propose a modification of the relative strength using my recently proposed efficient calculation including volume...
Day Trading - Made Easy
Vwap (Volume weighted avergae price) is an excellent day trader's tool which comprises of two vital elements ( volume and Price).
and a 50 period vwap based MVWAP provides a baseline for the day trading strategy..
Green bars = price above both vwap and Mvwap.. (for long positions)
Red bars = price below both vwap and Mvwap .. (for...
The "Range Force Impulse" indicator combines 4 useful indicators into one, freeing up chart real-estate and giving the trader insight into trend health, bull/bear commitment, range and volatility all at a glance.
The indicator consists of the following:
Direction - True Range and Average True Range columns shown above and below 0 depending on direction of...
Hello traders
I. 💎 SCRIPTS ACCESS AND TRIALS 💎
1. For the trial request access, they have to be done through my website .
2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here : Daveatt
Due to the new scripts publishing house rules,...
this is custom volume for know active market status
base line is 240M of Volume and signal line is 20M of volume
if it close over active
otherside is inactive
