lucidreamer15

VWMACDV2 w/Intraday Intensity Index Histogram & VBCB

Hello traders! In this script i tried to combine Kıvanç Özbilgiç's Volume Based Coloured Bars, Volume Weighted Macd V2 and Intraday Intensity Index developed by Dave Bostian and added to Tradingview by Kıvanç Özbilgiç. Let's see what we got here;

VBCB, Paints candlestick bars according to the volume of that bar. Period is 30 by default. If you're trading stocks, 21 should be better.

Volume Weighted Macd V2, "Here in this version; Exponential Moving Averages used and Weighted by Volume instead of using only vwma ( Volume Weighted Moving Averages)." Says, Kıvanç Özbilgiç.

III, "A technical indicator that approximates the volume of trading for a specified security in a given day. It is designed to help track the activity of institutional block traders and is calculated by subtracting the day's high and low from double the closing price, divided by the volume and multiplied by the difference between the high and the low."

*Histogram of vwmacd changes color according to the value of III. (Green if positive, yellow if negative value)*

VWMACD also comes with the values of 21,13,3... Which are fibonacci numbers and that's how i use it. You can always go back to the good old 26,12,9.
Other options according to the fibonacci numbers might be= 21,13,5-13,8,3-13,8,5... (For shorter terms of trading)

Trading combined with the bollinger bands is strongly advised for both VWMACD and III. VBCB is just the candy on top :)

Enjoy!
開源腳本

秉持真正的TradingView精神,該腳本的作者將其開源發佈,因此交易者可以理解和驗證它。為作者加油!您可以免費使用它,但是在發佈中重複使用此程式碼受網站規則的約束。您可以把它加入到常用以在圖表上使用它。

想在圖表上使用此腳本?

評論

works great in my combo of indicators
thanks
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lucidreamer15 rahulr892
@rahulr892, thanks a lot, means a lot :)
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