DVI Bands

2020年7月18日

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 of the price trend.
  
• The magnitude of the DVI above/below the current price provides the volume confirmation of the strength of the price trend.
  

The stdev band is derived from the DVI where:

* The DVI piercing the Stdev boundary suggests a significant move in the corresponding direction.
* Tightening of the DVI-Stdev bands can suggest the possible incoming of major move ahead.


The novel aspects and principles of this indicator and this source code are the property of © cybernetwork.

2020年7月18日

發行說明

• Introduced markers to indicate points where the DVI pierces above/below the upper/lower DVI-Band.
  

2020年7月18日

發行說明

Adjusted markers plot position.

2020年7月20日

發行說明

Changed default analysis length.

2020年7月21日

發行說明

Adjusted size and transparency of crossover markers.

2020年7月25日

發行說明

Updated vwma smoothing default.

2020年8月3日

發行說明

Script now allows users to select the carrier MA mode onto which the DVI is superimposed.

2020年8月3日

發行說明

Added linreg carrier mode.