Trader Set - Volume Price Momentum
This is the latest tool in my methodology, a momentum indicator that combines PRICE and VOLUME.
There are two modes that you can use this : Normal, and Power Of Two. In the picture, the top one is set to normal, as you can see, it goes in the negative zone on each retrace, on the bottom one, we set it to the power of two mode, it still shows the same divergence in momentum vs price move but there is no negative section, instead, it only shows the POWER of the momentum without any direction indication.
Please don't contact me for getting access to these tools, they are only available to my students. Right now, the English version of the website and learning material is under development. The moment they are ready, I will announce it under every related script in the comment section.
There are two modes that you can use this : Normal, and Power Of Two. In the picture, the top one is set to normal, as you can see, it goes in the negative zone on each retrace, on the bottom one, we set it to the power of two mode, it still shows the same divergence in momentum vs price move but there is no negative section, instead, it only shows the POWER of the momentum without any direction indication.
Please don't contact me for getting access to these tools, they are only available to my students. Right now, the English version of the website and learning material is under development. The moment they are ready, I will announce it under every related script in the comment section.
Notas de Lançamento:
- Fixed a very dangerous mistake in formula that would cause the histogram and indicator to be drawn upside down is some time frames !
Notas de Lançamento:
Added words "V.P. MOM." for Volume Price Momentum so that users can easily identify the indicator.
Notas de Lançamento:
My most powerful tool so far
- Added options to change the period of calculations
- Added options to change the momentum input, set the price as default, this will make this tool close to what we had in my momentum oscillator but this uses totally different and customizable formula. The other options are to put volume or volume's regression as the momentum's input.
- Added Additional information on the right hand side, so the user can easily identify the calculation period, calculation type and momentum input
- Added options to change the period of calculations
- Added options to change the momentum input, set the price as default, this will make this tool close to what we had in my momentum oscillator but this uses totally different and customizable formula. The other options are to put volume or volume's regression as the momentum's input.
- Added Additional information on the right hand side, so the user can easily identify the calculation period, calculation type and momentum input
Notas de Lançamento:
- Added a moving Regression with my original fomula
- Set the default momentum input to volume
- Set the default momentum input to volume
Notas de Lançamento:
Lots of code cleaning and Sanity checks for NAN values.
Notas de Lançamento:
Code cleanup, Final Version.
Notas de Lançamento:
There is a big change in every oscillator related to my methodology, Added all sort of averaging types : HMA, RMA, EMA, WMA, SMA, KAMA, FAMA, MAMA. Also, where ever we are calculating momentum in any sort or shape, now user has the ability to switch the type between TSI and MACD, and not only that, but the selected momentum type will also use the selected averaging type !!!!
Notas de Lançamento:
Code cleanup. This is the final version