OPEN-SOURCE SCRIPT
已更新 VFI - Volume Flow Indicator [UTS]
The Volume Flow Indicator (VFI) indicator was first introduced in my June 2004 and is 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 instead of the closing price.
* A volatility threshold takes into account minimal price changes and another threshold eliminates excessive volume.
* The indicator takes into account only the latest 6 month volume action and not the entire data loaded in the chart.
General Usage
A simplified interpretation of the VFI is that values above zero indicate a bullish state and the crossing of the zero line is the trigger or buy signal.
The strongest signal with all money flow indicators is of course divergence.
The classic form of divergence is when the indicator refuses to follow the price action and makes lower highs while price makes higher highs (negative divergence). If price reaches a new low but the indicator fails to do so, then price probably traveled lower than it should have. In this instance, you have positive divergence.
Default settings
* 130 VFI Length
* 0.2 Coef
* 2.5 Volume cutoff
* 3 Smoothing Period
Further setting examples can be found on http://www.precisiontradingsystems.com/VOLUME_FLOW.htm
* 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 instead of the closing price.
* A volatility threshold takes into account minimal price changes and another threshold eliminates excessive volume.
* The indicator takes into account only the latest 6 month volume action and not the entire data loaded in the chart.
General Usage
A simplified interpretation of the VFI is that values above zero indicate a bullish state and the crossing of the zero line is the trigger or buy signal.
The strongest signal with all money flow indicators is of course divergence.
The classic form of divergence is when the indicator refuses to follow the price action and makes lower highs while price makes higher highs (negative divergence). If price reaches a new low but the indicator fails to do so, then price probably traveled lower than it should have. In this instance, you have positive divergence.
Default settings
* 130 VFI Length
* 0.2 Coef
* 2.5 Volume cutoff
* 3 Smoothing Period
Further setting examples can be found on http://www.precisiontradingsystems.com/VOLUME_FLOW.htm
- Trend Visualisation
Optional Setting:
If the trend direction is DOWN the moving average is painted red. If the trend direction is UP the moving average is painted in green.
If the movement is FLAT then the color is grey.
Moving Averages
4 different types of Moving Averages are available for both FVI and the optional Moving Average of the FVI.- ALMA (Arnaud Legoux Moving Average)
- EMA (Exponential Moving Average)
- SMA (Simple Moving Average)
- WMA (Weighted Moving Average)
Notes
This indicator is using the exact formula from http://mkatsanos.com/VFI.html where EMA has been taken as default value for FVI smoothing calculation.
- ALMA (Arnaud Legoux Moving Average)
版本注释
Corrected wrong study shortname.版本注释
- Minor improvements to drawings and colors
The Volume Flow Indicator (VFI) indicator was first introduced in my June 2004 and is 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 instead of the closing price.
- A volatility threshold takes into account minimal price changes and another threshold eliminates excessive volume.
- The indicator takes into account only the latest 6 month volume action and not the entire data loaded in the chart.
General Usage
A simplified interpretation of the VFI is that values above zero indicate a bullish state and the crossing of the zero line is the trigger or buy signal.
The strongest signal with all money flow indicators is of course divergence.
The classic form of divergence is when the indicator refuses to follow the price action and makes lower highs while price makes higher highs (negative divergence). If price reaches a new low but the indicator fails to do so, then price probably traveled lower than it should have. In this instance, you have positive divergence.
Default settings
- 130 VFI Length
- 0.2 Coef
- 2.5 Volume cutoff
- 3 Smoothing Period
Further setting examples can be found on http:https://www.precisiontradingsystems.com/VOLUME_FLOW.htm
E.g. 40 or 18 Length to achieve different results like in the examples.
Trend Visualisation
Optional: If the trend direction is DOWN the moving average is painted red. If the trend direction is UP the moving average is painted in green.
If the movement is FLAT then the color is grey.
Moving Averages
4 different types of Moving Averages are available for both FVI and the optional Moving Average of the FVI.
- ALMA (Arnaud Legoux Moving Average)
- EMA (Exponential Moving Average)
- SMA (Simple Moving Average)
- WMA (Weighted Moving Average)
Notes
This indicator is using the exact formula from http:mkatsanos.com/VFI.html where EMA has been taken as default value for FVI smoothing calculation.
版本注释
- Cleaned script
The Volume Flow Indicator (VFI) indicator was first introduced in my June 2004 and is 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 instead of the closing price.
- A volatility threshold takes into account minimal price changes and another threshold eliminates excessive volume.
- The indicator takes into account only the latest 6 month volume action and not the entire data loaded in the chart.
General Usage
A simplified interpretation of the VFI is that values above zero indicate a bullish state and the crossing of the zero line is the trigger or buy signal.
The strongest signal with all money flow indicators is of course divergence.
The classic form of divergence is when the indicator refuses to follow the price action and makes lower highs while price makes higher highs (negative divergence). If price reaches a new low but the indicator fails to do so, then price probably traveled lower than it should have. In this instance, you have positive divergence.
Default settings
- 130 VFI Length
- 0.2 Coef
- 2.5 Volume cutoff
- 3 Smoothing Period
Further setting examples can be found on http:https://www.precisiontradingsystems.com/VOLUME_FLOW.htm
E.g. 40 or 18 Length to achieve different results like in the examples.
Trend Visualisation
Optional: If the trend direction is DOWN the moving average is painted red. If the trend direction is UP the moving average is painted in green.
If the movement is FLAT then the color is grey.
Moving Averages
4 different types of Moving Averages are available for both FVI and the optional Moving Average of the FVI.
- ALMA (Arnaud Legoux Moving Average)
- EMA (Exponential Moving Average)
- SMA (Simple Moving Average)
- WMA (Weighted Moving Average)
Notes
This indicator is using the exact formula from http:mkatsanos.com/VFI.html where EMA has been taken as default value for FVI smoothing calculation.
版本注释
Changelog:* removed compile error failing on ternary operator with anonymous functions
版本注释
Changelog:- Updated script to Pinescript v5
- Updated Settings UI Panel
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
Visit ubertradingsystems.com or send a direct message for information about indicator access.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
Visit ubertradingsystems.com or send a direct message for information about indicator access.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。