PROTECTED SOURCE SCRIPT
已更新

DVI Bands

1 998
A new idea of mine that I am presently experimenting on for my trades.

The DVI bands is based on my previously published DVI script:
Directional Volume Index


The Directional Volume Index (DVI) is defined as follows:
DVI = VWMA (len1) - SMA (len2), where by default, len1==len2

  • The position of the DVI above/below the current price provides volume confirmation of the direction of the price trend.
  • The magnitude of the DVI above/below the current price provides the volume confirmation of the strength of the price trend.


The stdev band is derived from the DVI where:

* The DVI piercing the Stdev boundary suggests a significant move in the corresponding direction.
* Tightening of the DVI-Stdev bands can suggest the possible incoming of major move ahead.


The novel aspects and principles of this indicator and this source code are the property of © cybernetwork.
版本注释
  • Introduced markers to indicate points where the DVI pierces above/below the upper/lower DVI-Band.
版本注释
Adjusted markers plot position.
版本注释
Changed default analysis length.
版本注释
Adjusted size and transparency of crossover markers.
版本注释
Updated vwma smoothing default.
版本注释
Script now allows users to select the carrier MA mode onto which the DVI is superimposed.
版本注释
Added linreg carrier mode.

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