This indicator allows you to visualize the balance of buy and sell volume. Volume is scored bullish or bearish and accumulated over a series of bars (defined by the "length" parameter). This result is then normalized and smoothed.
The idea is to show simply through colors "stronger or weaker" the relevance of candles in the current direction of the asset. the indicator was made to be used in the graphics of 5m and 15m. based on the SMA20 already indicated previously and with a SMA20 of the graph of 60m. candles will have their colors modified according to their relevance in the current...
◊ Introduction Price Movement / Force A script that uses Volume and price movement to indicate Bullish/Bearish momentum, like a hindsight MACD. ◊ Origin This is a part of Project XIAM. ◊ Theoretical Approach Philosophy γ :: consequential ◊ Usage Early Indication of Bullish/Bearish momentum, before price reversal. CLEANSIGNAL can be used as input...
On Balance Consolidated Volume var interval 38 Exchanges
Welcome to the second version of the BBLathe! This shows Bollinger Bands centered on a horizontal basis, to make it easier to see how volatility is changing and identify squeeze opportunities. By default Bollinger bands are calculated using an exponential moving average and an improved higher precision stdev implementation, but this can be disabled. Version 2...
This study is an experimental force index variation calculated by separating upward force and downward force, then taking the sum of their averages.
Moved Elder's Force Index trend tracking to separate indicator and made it overlay candles. Current unfinished candle arrow is experimental.
www.tradingview.com Like many other indicators this tells the past and it will dutifully follow the future price changes whatever they will be. This is an upgrade of the "Hull Moving Average Convergence/Divergence" low lag indicator in my scripts. Added Elder Force Index (background colors) to include effects of Volume. When EFI goes positive the background...
I have converted my volatility based force scalper into strategy. Nice to see it is so profitable. Work best with Heikin Ashi bar.
This scalper uses elder's force index cross over to provide trade signal. Unlike the simple,ema cross over, forces index takes volume into consideration. Besides it uses ATR to filter out bad signals in the sideway period, and give quality signals only when volatility comes. The result is fewer false signals and better trade.
Cumulative Force Indicator. Can also be seen as an OBV indicator that takes the price differences into account. In a regular OBV, a high volume bar can make a huge difference, even if the price went up only 0.01, and it it goes down 0.01 instead, that volume makes the OBV go down big time, even though in both cases hardly anything really happened. cForce is a...