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Trend Volume Accumulation R1 by JustUncleL

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This simple indicator shows the Accumulated Volume within the current uptrend or downtrend. The uptrend/downtrend is detected by a change in direction of the candles which works very well with Heikin Ashi and Renko charts. Alternatively you can use a Moving average direction to indicate trend direction, which should work on any candle type.

You can select between 11 different types of moving average:
  • SMA = Simple Moving Average.
  • EMA = Exponential Moving Average.
  • WMA = Weighted Moving Average
  • VWMA = Volume Weighted Moving Average
  • SMMA = Smoothed Simple Moving Average.
  • DEMA = Double Exponential Moving Average
  • TEMA = Triple Exponential Moving Average.
  • HullMA = Hull Moving Average
  • SSMA = Ehlers Super Smoother Moving average
  • ZEMA = Near Zero Lag Exponential Moving Average.
  • TMA = Triangular (smoothed) Simple Moving Average.


Here is a sample chart using EMA length 6 for trend Direction:
快照
版本注释
Revision R2:
  • Added Option to show Running Averaged Volume within the Trend. The average using Bar count since start of trend (Bar Avg) or Time since start of Trend (Time Avg).
  • Changed Short name to "TVA" - Trend Volume Accumulation


NOTE: The Running Averaged Volume option "Time Avg" is designed to be used with Renko charts and only works well short brick sizes (<=10pips) + time frames (<=15min) .
版本注释
Missed one in last update.
  • Added Bar Time Normalised Trend Volume Accumulation option, this is really designed for price bar charts like Renko.

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