Hey everyone, I have been using volume a lot more lately as price action can sometimes get manipulated but volume shows us the truth!
Anyways, I have enjoyed the Volume Spread for VSA indicator but wished I had the code to change a few settings. This volume indicator includes spread analysis with the ability to customize input values and I'm making it open source...
Enables users to create their own custom Stock Index with up to 29 tickers! Has included optionality to include/exclude certain sectors, plot sectors individually and measure in gold. Good for having a look at how your favorite tickers have performed (with your modification of course). Also has option to show Moving Averages for your convenience.
This a water mark that uses a table to allow placement at 9 different locations on the screen
you can either pick on of the given Date and time formats or you can choose custom and build your own
One of the reasons for this project I wanted to be able to add the "s,m,h" to the water marks timeframe not have i.e. "240" and have it say 4h..
you can select what...
Fixed a typo in the code where BB multiplier was stuck at 1.5. Thanks @ucsgears for bringing it to my notice.
Updated source: pastebin.com
Use the updated source instead of the what TV shows below.
This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).
Black crosses on the...
VFI,introduced by Markos Katsanos, is based on the popular On Balance Volume (OBV) but with three very important modifications:
* Unlike the OBV, indicator values are no longer meaningless. Positive readings are bullish and negative bearish.
* The calculation is based on the day's median (typical price) instead of the closing price.
* A volatility threshold...
This is a 3 EMA visualization tool. Relative momentum across 3 timeframes are rendered as A/B/C waves. Also, helpful in identifying spike/exhaustion bars.
When all the waves are in the same direction, the momentum is very high on that direction. I have made all options configurable, have fun tuning for your instrument :)
Complete list of all my indicators:...
Volume Accumulation Percentage Indicator (VAPI) is a variation of the classic volume-accumulation indicators. It uses volume the same way as OBV except that it assigns volume weights based on intraday volatility.
In a positive trend, if the stock price is close to a (local) new high, the VAPI should be at its maximum as well (and vice versa for a negative...
This indicator takes market volume and organizes it into wave charts, clearly highlighting inflection points and regions of supply/demand.
Try tuning this for your instrument (Forex not supported) by adjusting the "Trend Detection Length". This "clubs together" minor waves. If you like an oscillator-kind-of display, enable "ShowDistributionBelowZero" option....
RSI bands provide an intuitive way of visualizing how the price movement causes RSI to move with in its range (0-100). Upper/Lower bands signify overbought and oversold levels respectively (Default: 70/30, you can customize them via options page). These bands closely match what Constance Brown explains in her book "Technical Analysis for the Trading Professional"....
Smoothing methods have lag, and since MACD makes use of moving averages, it usually lags behind price. You cannot eliminate lag completely, but one way of working around this is by adding a component of the price/MA difference back to MA. This technique is called Zero-lag (well, almost). "MACD Leader" makes use of this to form a leading signal to MACD.
This is ATR in pips. This was requested by user @ElixiumCapital. ATRPIPs in his words:
"ATR PIPs is useful for finding markets with your desired amount of volatility, for example I prefer to trade forex pairs with the highest amount of volatility in the past 5 days, setting the length parameter to 5 days. And setting my stop loss at 25% to 33% of the the...
Edgar Kraut proposed this simple colored volume bars strategy for swing trading.
This is how the colors are determined:
- If today’s closing price and volume are greater than 'n' days ago, color today’s volume bar green.
- If today’s closing price is greater than 'n' days ago but volume is not, color today’s volume bar blue.
- Similarly, if today’s closing...
This is the volume version of "DecisionPoint Breadth Swenlin Trading Oscillator"
DecisionPoint Swenlin Trading Oscillator can be used to identify short-term tops and bottoms. You can read about the interpretation of the signals (& gotchas) in the link below.
I have added support for NYSE / NASD / AMEX and also a combined mode. You can specify custom...
This is a famous trend indicator in MT4 platform. Is this better than other MA based trend systems? I will let you decide that :)
- Trend mode: This is the default. Draws a trend line (like MA) and colors them based on the trend.
- Ribbon Mode: Shown at the bottom pane. No trend lines are drawn.
- OverlayMode: Bars are colored based on the...
Developed by Buff Dormeier, VPCI won 2007 Charles H Dow award by the MTA. VPCI plots the relationship between price trend and the volume, as either being in a state of confirmation or contradiction.
Excerpt from article below:
"Fundamentally, the VPCI reveals the proportional imbalances between price trends and volume-adjusted price
trends. An uptrend...
The DecisionPoint Price Momentum Oscillator (PMO) is an oscillator based on a Rate of Change calculation that is smoothed twice with custom exponential moving averages. Because the PMO is normalized, it can also be used as a relative strength tool.
PMO can be used in many ways:
- PMO can be used to determine the OB/OS state. While the +2.5 to -2.5 is the usual...
Volume-Weighted MACD Histogram
Volume-Weighted MACD Histogram, first discussed by Buff Dormeier, is a modified version of MACD study. It calculates volume-averaged Close price for finding the histogram.
Sentiment Zone Oscillator ...