Contents Overall Introduction Does it repaint? Features Settings menu parameters How to setup Limits Errors and Performance Examples Overall Introduction This indicator is the best tool for breakout traders. Drawing and evaluating the trend lines of multiple charts in different time frames is a very time-consuming and tedious task. In addition,...
This indicator is a tool that shows a relative view of the trading volume and classifies the volume into 5 different levels and makes it easy to compare it in different periods. It is also specifically designed for detecting failed (fake) breakouts. How it works? This tool uses something similar to Bollinger Bands , but with more bands. I used two standard...
The purpose of this script is to determine the response of trading volume to price action This is not an indicator but a set of four signals 1 - Bullish Strength Signal (Upward Green Triangle) : If the resistance is broken at the same time is valid this signal indicates the continuation of the bullish trend the trading volume is relatively...
A new idea of mine that I am presently experimenting on for my trades. The DVI bands is based on my previously published DVI script: The Directional Volume Index (DVI) is defined as follows: DVI = VWMA (len1) - SMA (len2), where by default, len1==len2 The position of the DVI above/below the current price provides volume confirmation of the direction...
This script is a complete analysis package based on the Directional Volume Index (DVI). The Directional Volume Index (DVI) is defined as follows: DVI = VWMA (len1) - SMA (len2), where by default, len1==len2 The sign of the DVI provides volume confirmation of the direction of the price trend. The magnitude of the DVI provides the volume confirmation of the...
A new idea of mine that I am presently experimenting on for my trades. The Directional Volume Index (DVI) is defined as follows: DVI = VWMA(len1) - SMA(len2), where by default, len1==len2 The sign of the DVI provides volume confirmation of the direction of the price trend. The magnitude of the DVI provides the volume confirmation of the strength of the...