OPEN-SOURCE SCRIPT
Atualizado Awesome Cumulative Volume Oscillator
The indicator is called the "Awesome Cumulative Volume Oscillator" (ACVO), which analyzes the cumulative trading volume of the underlying asset.
The indicator also plots the deviation of the cumulative trading volume from the first SMA value, which is referred to as the "Cumulative Volume Deviation". The zero-line is plotted as a reference point.
If the "Cumulative Volume Deviation" is greater than 0, it indicates an uptrend, as the cumulative trading volume is above the first SMA value. If the "Cumulative Volume Deviation" is less than 0, it indicates a downtrend, as the cumulative trading volume is below the first SMA value.
However, it is important to note that using a single indicator is not sufficient to conduct a comprehensive market analysis. It is necessary to combine multiple indicators and analysis methods to make informed trading decisions.
The indicator also plots the deviation of the cumulative trading volume from the first SMA value, which is referred to as the "Cumulative Volume Deviation". The zero-line is plotted as a reference point.
If the "Cumulative Volume Deviation" is greater than 0, it indicates an uptrend, as the cumulative trading volume is above the first SMA value. If the "Cumulative Volume Deviation" is less than 0, it indicates a downtrend, as the cumulative trading volume is below the first SMA value.
However, it is important to note that using a single indicator is not sufficient to conduct a comprehensive market analysis. It is necessary to combine multiple indicators and analysis methods to make informed trading decisions.
Notas de Lançamento
The indicator is called the "Awesome Cumulative Volume Oscillator" (ACVO), which analyzes the cumulative trading volume of the underlying asset.The indicator also plots the deviation of the cumulative trading volume from the first SMA value, which is referred to as the "Cumulative Volume Deviation". The zero-line is plotted as a reference point.
If the "Cumulative Volume Deviation" is greater than 0, it indicates an uptrend, as the cumulative trading volume is above the first SMA value. If the "Cumulative Volume Deviation" is less than 0, it indicates a downtrend, as the cumulative trading volume is below the first SMA value.
However, it is important to note that using a single indicator is not sufficient to conduct a comprehensive market analysis. It is necessary to combine multiple indicators and analysis methods to make informed trading decisions.
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.