OPEN-SOURCE SCRIPT
已更新 Trend Volume Accumulations [LuxAlgo]

Deeply inspired by the Weiss wave indicator, the following indicator aims to return the accumulations of rising and declining volume of a specific trend. Positive waves are constructed using rising volume while negative waves are using declining volume.
The trend is determined by the sign of the rise of a rolling linear regression.
Settings
Usages
The trend volume accumulations (TVA) indicator allows determining the current price trend while taking into account volume, with blue colors representing an uptrend and red colors representing a downtrend.
The first motivation behind this indicator was to see if movements mostly made of declining volume were different from ones made of rising volume.

Waves of low amplitude represent movements with low trading activity.

Using higher values of Linearity allows giving less importance to individual volumes values, thus returning more linear waves as a result.

The indicator includes two levels, the upper one is derived from the cumulative mean of the waves based on rising volume, while the lower one is based on the cumulative mean of the waves based on declining volume, when a wave reaches a level we can expect the current trend to reverse. You can use different values of mult to control the distance from 0 of each level.
The trend is determined by the sign of the rise of a rolling linear regression.
Settings
- Length : Period of the indicator.
- Src : Source of the indicator.
- Linearity : Allows the output of the indicator to look more linear.
- Mult : the multiplicative factor of both the upper and lower levels
- Gradient : Use a gradient as color for the waves, true by default.
Usages
The trend volume accumulations (TVA) indicator allows determining the current price trend while taking into account volume, with blue colors representing an uptrend and red colors representing a downtrend.
The first motivation behind this indicator was to see if movements mostly made of declining volume were different from ones made of rising volume.
Waves of low amplitude represent movements with low trading activity.
Using higher values of Linearity allows giving less importance to individual volumes values, thus returning more linear waves as a result.
The indicator includes two levels, the upper one is derived from the cumulative mean of the waves based on rising volume, while the lower one is based on the cumulative mean of the waves based on declining volume, when a wave reaches a level we can expect the current trend to reverse. You can use different values of mult to control the distance from 0 of each level.
發行說明
Minor Changes.發行說明
Update to script title.開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
Get access to our exclusive tools: luxalgo.com
Join our 150k+ community: discord.gg/lux
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
Join our 150k+ community: discord.gg/lux
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
Get access to our exclusive tools: luxalgo.com
Join our 150k+ community: discord.gg/lux
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
Join our 150k+ community: discord.gg/lux
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。