Volume Mass Psyche

2020年5月12日

Volume Mass Psyche is a volume-based indicator that shows intensity and consistency of a uptrend and downtrend.
It takes into account the change of average momentum of volume flow to predict the trend reversals and show the psychological map of the market condition.
The key constants of the formula can be changed to adapt it to your time-frame making it flexible.
How to read a chart using VMP:

• During a clear uptrend the indicator lights up greenish color.
  
• Correction of an uptrend - orange.
  
• A signal for a downtrend would be when indicator turns red.
  
• Each time you see it blue, a correction from downtrend takes place.
  
• I also applied EMA to VMP to play a role of confirming a signal.
  

This would make a perfect combination with price-based indicators.

2020年5月12日

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• Uptrend can be also predicted by this technique: Once blue/orange VMP crosses above it's ema and becomes green. Use other indicators to confirm this signal.
  
• Vice versa for downtrend
  

2020年5月12日

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Now it works on most of the TF. Made it more flexible to slightest volume change.
An average entry can be considered as safe only when VMP turns green and crosses above black EMA.

2020年6月7日

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Update:
Now this indicator will focus on market volume condition and output as histogram

2021年3月10日

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Better experience. Health of the volume trend is projected in comfy way.