This is a candlestick system but not on price. These candles are drawn based on the volume movement. This is one of those professional charting systems that big industries use every day. Remember, the key to find what smart money is doing, is always VOLUME. Any new way that you can track new aspects of volume will help determining what the market will do, BEFORE it starts doing it !
There are total of Seven moving averages that you can ...:
1- Set their period separately 2- Set their type separately 3- Turn on/off separately
The averaging types that are supported, remember you have options PER moving average :
- SMA - EMA - RMA - WMA - HMA - KAMA - MAMA - FAMA
This script IS FOR SALE, you can buy it with crypto currencies, or webmoney or perfect money. THE PRICE is 55$. for life time license.
You can find all the crypto wallet addresses plus webmoney and perfect money accounts in the link below. Please send the correct amount PLUS the transaction fee. After the transaction is confirmed, contact me with the info of the transaction for granting access.
Added Bollinger Bands to the Volume Bars, Turned off some of the moving averages by default.
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Added Moving Stops to the script, turned other movings and bollinger off by default. The short time moving is turned off by default.
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Removed Basic moving averages, they are not as useful as the new moving stop implementation. Added Donchian channel type, and... the most important one, added all 7 most useful sub-types of the volume candle.
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Added Trailing Test that can behave like serious support resistance zones to the moving stops
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Added the low section of Trailing Test on moving stops.
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Normalized values between 0 to 1 for all the subtypes except subtype 3 (can't normalize it anyways, it's the worst subtype that everyone finds around). Set subtype two as default. turned most of movings off by default.
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Added an option to draw like bars instead of candle (TV's code for plotting candles looses color and becomes gray at the time of this update, sounds like a sudden bug during an internal update but bars are keeping the color, hence the reason for this minimal update)
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little update for future plans !
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Added a multiplier for calculations with some inputs for different threshold zones.
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Added a histogram that is simply type2 - type1.
by default turned off type 7's moving and the zones. you can turn that on in options section.