Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback
(Strong or Weak Bulls // Strong or Weak Bears)
Candles / Bars Indicate the Following (default 13 period lookback / Length)
MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume
RED Bear Candle while VOLUME is...
idea take from Alexander Elder, author of: The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management
Meaning of colouring:
- Green bar Volume: If we look back certain numbers of volume bars, higher close price and higher volume.
- Blue bar Volume: If we look back certain numbers of volume bars, higher close...
This is the non-accumulating portion of the price-volume trend (PVT)--the amount by which PVT would change each bar--which I have turned into a zero-centered oscillator. The plot is a 9-day EMA of the PVT change, multiplied by 1000 for readability, with lime/red corresponding to whether the actual PVT increased or decreased for that bar.
As always, the length of...
This is a script about the RSI for the Volume Trend, with this indicator we can help us to watch the force of a volume trend (not price). Some times this can help us to clarify the change of the direction.
This is a continuation of the:
Volume Spread Graph
Volume CCI
Volume Trend Oscillator
ideas, comments and suggestions (or corrections).They are...
A simple to use volume signaling device. Instructions within the script
In this two screen example the first is the KVO presignal, second is PVT
Enjoy responsibly.
ShirokiHeishi
