Volume Price Confirmation Indicator by 2tm

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 Logic is this.

a. VPC=SUM(C*V,PERIOD)/SUM(V,PERIOD)-MA(C,PERIOD)

b. VPR= SUM(C*V,PERIOD)/SUM(V,PERIOD)/MA(C,PERIOD)

c. VM=AVG(V,PERIOD)/AVG(V,PERIOD*K)

d. VPCI=VPC*VPR*VM

Feel free to use my script.

Notas de Lançamento

Updates.

I'd made great mistake at the Fomla and now I fixed it.

And I separated VPCI and VPCIS.

With that, now you can make a simple Buy/Sell strategy.

Also I added VPCI's Bollinger Bands

It's much helpful to track change of Volumes.

Notas de Lançamento

Updates

Minor Bug Fixed

Notas de Lançamento

Minor Update.

- I'd adjusted The Offset of Signal.
- Now you can choose what you want.

Notas de Lançamento

Minor Bug Fixed

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.

Siyeon

Aviso legal

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Script de código aberto

For quick access on a chart, add this script to your favorites — learn more here.

Siyeon