Directional Volume Index

Bitcoin / U.S. dollarBitstamp

描述

⋅ 2020年7月12日早上8點03分

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 price trend.

The novel aspects and principles of this indicator and this source code are the property of © cybernetwork.
This indicator and script is free for the TV community to use.

發布通知

⋅ 2020年7月12日早上8點06分

Removed redundant input.

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⋅ 2020年7月13日早上12點00分

Updated smoothing to VWMA smoothing.

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⋅ 2020年7月13日早上12點14分

Updated inputs.

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⋅ 2020年7月13日早上1點40分

Tweaked VWMA smoothing parameter.

NOTE: The accompanying analysis package is now republished as Directional Volume Index (DVI) {PREMIUM}.

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⋅ 2020年7月18日早上7點25分

Added Stdev based thresholds.
The DVI piercing the Stdev boundary suggests overexuberance in the corresponding direction.
Tightening of the DVI-Stdev bands can suggest the possible incoming of major move ahead.

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⋅ 2020年7月18日上午9點51分

Simplified script.

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⋅ 2020年7月25日早上2點22分

Updated vwma smoothing default.

評論

MadMoto29

⋅ 2020年11月2日下午5點15分

Hi! Went to try this today but no output in the pane.