Directional Volume Index
A new idea of mine that I am presently experimenting on for my trades.
The Directional Volume Index (DVI) is defined as follows:
DVI = VWMA(len1) - SMA(len2), where by default, len1==len2
The sign of the DVI provides volume confirmation of the direction of the price trend.
The magnitude of the DVI provides the volume confirmation of the strength of the price trend.
The novel aspects and principles of this indicator and this source code are the property of © cybernetwork.
This indicator and script is free for the TV community to use.
The Directional Volume Index (DVI) is defined as follows:
DVI = VWMA(len1) - SMA(len2), where by default, len1==len2
The sign of the DVI provides volume confirmation of the direction of the price trend.
The magnitude of the DVI provides the volume confirmation of the strength of the price trend.
The novel aspects and principles of this indicator and this source code are the property of © cybernetwork.
This indicator and script is free for the TV community to use.
版本注释:
Removed redundant input.
版本注释:
Updated smoothing to VWMA smoothing.
版本注释:
Updated inputs.
版本注释:
Tweaked VWMA smoothing parameter.
NOTE: The accompanying analysis package is now republished as Directional Volume Index (DVI) {PREMIUM}.
NOTE: The accompanying analysis package is now republished as Directional Volume Index (DVI) {PREMIUM}.
版本注释:
-
Added Stdev based thresholds.
The DVI piercing the Stdev boundary suggests overexuberance in the corresponding direction.
- Tightening of the DVI-Stdev bands can suggest the possible incoming of major move ahead.
版本注释:
Simplified script.
版本注释:
Updated vwma smoothing default.