Volume (D)EMA
A simple yet configurable indicator that shows recent traffic volumes.
The time period is specified as weeks/days/hours/minutes, not as bars.
For using the generalized double EMA, set the velocity to something other than zero.
The time period is specified as weeks/days/hours/minutes, not as bars.
For using the generalized double EMA, set the velocity to something other than zero.
//@version=2
// A simple yet configurable indicator that shows recent traffic volumes.
// The time period is specified as weeks/days/hours/minutes, not as bars.
study("Volume (D)EMA")
pw = input(0.0,"Weeks")
pd = input(0.0,"Days")
ph = input(8.0,"Hours")
pm = input(0,"Minutes", minval=5, step=5)
iv = period == 'M' ? 30*24*60 : period == 'W' ? 7*24*60 : period == 'D' ? 24*60 : interval // current interval in minutes
p = max(1,round(7*24*60*pw + 24*60*pd + 60*ph +pm) / iv)
v = input(0.0, "DEMA Velocity", step=0.1)
gdema(x, p, v) =>
e = ema(x, p)
(1+v) * e - v * ema(e, p)
dema(x, p) => gdema(x, p, v)
bs0 = input(false, "Together")
neg = input(false, "Difference") ? -1 : 1
bs = bs0 or neg == -1
buy = dema(close > open ? volume*open : 0, p)
sell = dema(close < open ? volume*open : 0, p)
bsv = buy + neg * sell
plot(bs ? bsv : buy, style=columns, color = bsv < 0 ? red : navy)
plot(bs ? na : -sell, style=columns, color = red)