When price goes up on negative volume, then market is telling there is doubts in investors mind.
The SPX upside recent month was a on. Lower volume so, the rally in my view will not last. Read my articles on current market.
This very simple scripts shows if price drop or gain was on a upside volume or down side. It is a visual track on the candle reflecting the...
Relative Volume or RVOL is an indicator used to help determine the amount of volume change over a given period of time.
It is often used to help traders determine how in-play a ticker is.
General rule of thumb is the higher the RVOL, the more in play a stock is.
I myself like to use it as a substitute of the volume indicator itself.
Basic Calculation:
Relative...
I wanted to create an indicator which resembles price movement, aside to volume movement.
The "yellow-blue" line is the MA(5) of the RSI (9) of closing price.
The "orange" line is the MA(5) of the RSI (9) of Volume .
(Default plot of RSI and VRSI is not visible but can be made visible ("Settings" > "Style" > set "Opacity" of "RSI & VRSI"))
The Long (Buy)...
I wanted to create an indicator which resembles price movement, aside to volume movement.
MARSI (= MA RSI(close)) = "yellow-blue" line which is the MA(5) of the RSI (9) of closing price.
VRSI (= MA RSI(Volume)) = "orange" line which is the MA(5) of the RSI (9) of Volume .
(Default plot of RSI and VRSI is not visible but can be made visible ("Settings" > "Style"...
I wanted to create an indicator which resembles price movement, aside to volume movement.
MARSI (= MA RSI(close)) = "yellow-blue" line which is the MA(5) of the RSI (9) of closing price.
VRSI (= MA RSI(Volume)) = "orange" line which is the MA(5) of the RSI (9) of Volume .
(Default plot of RSI and VRSI is not visible but can be made visible ("Settings" > "Style"...
In this script I included 2 quite interesting indicators for Bitcoin:
* NVT (Network Value to Transactions Ratio)
* NVTS (NVT Signal)
Both indicators are based on Bitcoin Network Value (Market Cap) and 24h transaction volume.
For both these values I'm using Quandl datasets from Blockchainc.com:
market_cap: QUANDL:BCHAIN/MKTCP
transac_vol:...
This is Volume based Buy and Sell Momentum script.
Basically I'd just adjusted PVI and NVI
But It's easy to understand current Volume trends and Momentums
Thank you and Wish your successful investment.
Hi everyone
The today's script was suggested by a follower.
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1 minute of Knowledge
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Many traders look at volume as a pre-signal that a move may happen.
In trading, some say that "the volume precedes the movement".
This simply means that often volume will increase before a significant...
The "Range Force Impulse" indicator combines 4 useful indicators into one, freeing up chart real-estate and giving the trader insight into trend health, bull/bear commitment, range and volatility all at a glance.
The indicator consists of the following:
Direction - True Range and Average True Range columns shown above and below 0 depending on direction of...
Credit to Lancelot_Augur for the idea of EMAs of On Balance Volume.
The signals are generated when the faster OBV EMA crosses the slower one.
BACKGROUND COLORS:
Green = go long
Red = go short
White = you have been stopped out
This strategy uses a 3% stop loss.
This script is based on Buff Pelz Dormeier’s article “Investing with Volume Analysus”
As you knows the Volume is the Only Indicator to prior Candles.
So, Lot's of CMT(Charted Market Technicians) invest the Volume Indicator and the Buff Dormeier's VPCI is very popular.
If you have interest let's prey to God Google then he'll be answered.
Anyway, The Basic...
