Scalpius Trend & Decreasing VolatilityScalpius Trend & Decreasing Volatility
Identify trends and 'decreasing volatility' trends (strong trends)
Can be used on any market
Setup usually used for 3 timeframes e.g. 2 min, 5 min, 10 min
Contains 2 parts:
I) Trend Indicator
Trends can be defined in several ways,
this indicator defines a trend that uses statistally significant price behaviour that includes the use of the Bollinger Bands
II) Decreasing Volatility Indicator
Trends that are accompanied by decreasing volatility are statistically more likely to go further and longer,
this indicator shows you when 'Decreasing Volalitility Mode' is on and when it turns off using 'pivot highs' and Average True Range
Using this indicator you can filter your trades to 2 types of trades: trend trades and mean reversion trades
I) Trend indicator
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Trend Mode ON:
1) A candle touching the Bollinger Band (default settings: length=20, standard deviation=2) (the Bollinger Candle)
2a) (uptrend) A follow-up candle with a higher high and a higher close than the Bollinger Candle
2b) (downtrend) A follow-up candle with a lower low and a lower close than the low of the Bollinger Candle
Examples Trend Mode ON:
Uptrend
Downtrend
Trend Mode OFF when:
1) Price touches the opposite Bollinger Band
2) 20 candles without new high or low
3a) (uptrend) price closes consecutively below 2 EMA's (8 EMA & 21 EMA), above and below again, without making new trend highs
3b) (downternd) price closes consecutively above 2 EMA's (8 EMA & 21 EMA), below and above again, without making new trend lows
Examples Trend Mode OFF:
Uptrend ends because of opposite Bollinger Band touch:
Uptrend ends because of 20 candles without new high:
Uptrend ends because of price consecutively close below, above, below EMA 8 and EMA 21:
Downtrend ends because of opposite Bollinger Band touch:
Downtrend ends because of 20 candles without new low:
Downtrend ends because of price consecutively close above, below, above EMA 8 and EMA 21:
II) Decreasing Volatility Indicator
Decreasing Volatility Mode ON:
1) Trend Mode must be ON
2) Highest or lowest close in the trend must happen on a DOWNTICK in ATR (Average True Range, default setting=14)
Decreasing Volatility Mode OFF:
1) New ATR high in the trend
2) Breaking the pattern of lower lows and lower highs in ATR, aka 'pivot high' or '2 pivot high'
Examples DV Mode ON:
In an uptrend:
In a downtremd:
Examples DV Mode OFF:
In an uptrend:
In a downtremd:
If trend stops, DV Mode stays ON until DV OFF signal comes
Trend
PRIME - R.o.c.M Ind. W/ TrendsThis experimental script is a variant of a model that allows a separate indicator window to be opened, revealing data for on balance volume, rsi, consumer commodity index and momentum indications. By use of the settings key, you can change the parameter of the source input as well as the desired lengths. After data compilation, the indicator will automatically draw any trend lines applicable to what is presented. The additional code is an attempt to allow the system to apply pivot points for alerts within the indicator itself.
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold the publishing TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Simple Hurst Exponent [QuantNomad]This is a simplified version of the Hurst Exponent indicator.
In the meantime, I'm working on the full version. It's computationally intensive, so it's a challenge to squeeze it to PineScript limits. It will require some time to optimize it, so I decided to publish a simplified version for now.
The Hurst exponent is used as a measure of long-term memory of time series. It relates to the autocorrelations of the time series, and the rate at which these decrease as the lag between pairs of values increases
The Hurst exponent is referred to as the "index of dependence" or "index of long-range dependence". It quantifies the relative tendency of a time series either to regress strongly to the mean or to cluster in a direction.
In short depend on value you can spot trending / reversing market.
Values 0.5 to 1 - market trending
Values 0 to 0.5 - market tend to mean revert
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Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and the script don’t provide any financial advice.
PRIME - ShadoW ZoneZ with RSI LevelsIn This experimental study, we've taken RSI data, Volume Profile, and Trend analysis, combining them into one unique package that will allow a trader to analyze market trend lines and their proposed channels, trend momentum through candle color augmentation similar to "Pulse", and Visible Volume index price levels on chart for the current sequence. Below are explanations of each function within the system.
The Semafor is used to spot future multi-level Supports and Resistance zones.
It is also useful to spot HL or LL or HH or LH zones at different Depth settings.
The red zones are the extreme places where the market has a higher chance of reversing while the green zones have the lowest setting with lower chances of the market reversal
Automatic Trend Lines
The indicator takes in 2 timeframes to detect High and Low values from which to draw the trend lines of each timeframe.
As the values change with price movement, the lines are updated. They are color coded for uptrend and downtrend based on the direction of each individual line. Trend lines can be set up to color with only the default value on the configurations panel.
- Toggle on/off Color Coded
- Change Default, Uptrend, Downtrend color
- Change Line Width
- Change Line Style
- Toggle on/off Line Extensions
- Change Extended Line Width
- Change Extended Line Style
- Toggle On/Off labels for 7 data points of each timeframe
Automatic Trend Sights
This is a neat feature that may help you get a better feel for the direction the current movement is heading towards in correlation with the short or medium length timeframe trends. The sight draws a line from the middle vertical point of the trend coordinates towards the current price. They are toggled off by default but can be enabled in the configurations panel.
- Toggle on/off sight on each timeframe
- Change Width
- Change Line Style
Support & Resistance Levels, the main aim of the study. Level calculations are based on Relative Strength Index ( RSI ) threshold levels of oversold/overbought and bull/bear zones, where all threshold values are customizable through the user dialog box. Background of the levels can be colored optionally.
RSI Weighted Colored Bars and/or Mark Overbought/Oversold Bars , Bar colors can be painted to better emphasis RSI values. Darker colors when the oscillator is in oversold/overbought zones, light colors when oscillator readings are below/above the bull/bear zone respectively, and remain unchanged otherwise. Besides the colors, with “Display RSI Overbought/Oversold Price Bars” option little triangle shapes can be plotted on top or bottom of the bars when RSI is in oversold/overbought zones .
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Quadratic Regression Trend ChannelIt's been a while since I have published anything meaningful for all members, but here is my next step in evolution of trend channel technology, my attempt at "Quadratic Regression Trend Channel" custom tailored for regression enthusiasts. I'm actually doing a lot more than my profile shall ever reveal. Many members may have heard of "polynomial regression channel"(PRC), but I wouldn't accurately label this as having the "poly-" capability in it with differing amounts of nth degrees/orders.
This indicator is derived from my "HLC Banded Quadratic Regression" indicator, the 3rd indicator I had ever published in my earliest days of tinkering around with Pine Script. It always had a destiny, and TV has graciously delivered on upgrading Pine with many new capabilities to run this algorithm with ease and in the manner that I wished to write it. Any subscribing TradingViewer has the freedom to use this indicator and as many as they shall desire.
Blessed is the "Immense Power of Pine" in 2021, as I utilized a multitude of new Pine features including extensive use of arrays for the quadratic regression formula, arrays of line.new(), input(group=), and input(inline=). I spent an incredible amount of time creating this, and it was no easy task to condense this amount of sophistication within less than 150 lines of code at the time of this original debut release. I have striven to achieve the indicator's computational efficiency potential to be as fast as possible with highly optimized code to handle the large amount of sampling it utilizes and is capable of. I hope you find it analytically favorable and beyond your expectations.
First of all, it has different sampling methods I haven't seen in any other PRC available, providing tightly snug and fit curvatures dependent on my optional choices not found in comparable indicators. This yields the best quality of fit I can provide by employing quadratic regression in order to provide a superb "visual analysis" of your price action in high noise environments. I also included my novel time warp feature to rewind the indicator regression into a previous state of time. If you're trading on really fast timeframes, I included an option to only calculate once per bar at it's closure. This will aid with computational efficiency of the TV servers, and it's intended to not to slow down your charting experience amongst a wide assortment of other indicators in your overlay chart.
I allowed a couple of variability methods for the confidence bands. A variety of coloring options, line thickness, and other perks are there to accommodate your distinct visual acuity. There is also a nifty option to color the regression by the slope of the curvatures. This is enabled by default, and I anticipate that you may find that color option uniquely useful. The amount of chords in the curvature are automatically calculated depending on the regression period selected to achieve a nice fluid arch for any setting.
Anyhow, I believe that sums up most of it's important characteristics in a brief explanation. It's potential is best personally discovered by simply using it with the myriad of control settings available. I published it with protected code, because I simply wanted to confine this monstrosity to my TradingView laboratory. I would rather not have this thing uncaged, rabidly running around the planet frothing out of the mouth on a Frankenstein AI later, unless it's mine on a short leash. Besides, I'm still trying to figure out the math behind "cubic regression". :)
Sorry in advance about not providing the source code, I hope you'll understand... We ALL know what devastation happens when things are "unleashed" from a BSL-4 lab to run amok. Countless billions have yet to learn a horrific lesson about the mania of evil at a future Geneva convention. If you don't know the mythical story about Pandora's box(a jar actually), look it up!
Features List Includes:
Calculation Throttling
Regression Period
Time Warp
Multiple Sampling Methods
Confidence Bands Variability Controls
Indicator Customization Options
When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members , I may implement more ideas when they present themselves as worthy additions. Have a profitable future everyone!
Genesis Matrix Momentum IndicatorThe Genesis Matrix (GMMI = Genesis Matrix Momentum Indicator) is primarily a momentum indicator that can be very well combined with other indicators to easily detect possible trend changes.
This is a translation/interpretation for TradingView from the original Metatrader 4 code which is Open-Source and was developed by "realjumper". More information here: www.forexfactory.com
The 5-15 Genesis Strategy and Genesis Summary PDF: www.forexfactory.com
EMA is configured as follows:
Length: 5
Source: hlc3
Offset: 2
Create a buy alert:
- Condition: GMMI and "All blue"
- Options: Once Per Bar
Create a sell alert:
- Condition: GMMI and "All red"
- Options: Once Per Bar
Version 3 changes:
- Bug fixes
- Fixed T3 signal (trend reversal instead of closing above/under trend)
- Input variables added (You could play around with periods of CCI and T3 by setting it to 12 for example.)
- Converted to PineScript v4
- Added alarm conditions
Happy Trading 📈😎
Important : We have neither invented this indicator nor added anything in the logic to it. This is just a script translation.
Note1 : TVI (first line) only works on a ticker with provided volume!
Note2 : The original system uses Heikin Ashi candles, but please be aware that this may alter the alertcondition and probably falsify the actual outcome.
Note3 : We do not recommend using a single indicator as a basis for your trading decisions.
To find out more about how to gain access to this indicator, please use the provided information below or just message me.
asw EMA trend colouredema50 and ema 200 =
blue and green shows uptrend
red and orange shows downtrend
highlighted 'golden cross' =
green shows uptrend started
red shows downtrend started
Tradespot - Trend SuiteTradespot - Trend Suite
No configuration needed, works out the box
Best used as a HTF analysis tool (1D, 3D, 1W, 1M), but can be applied to LTFs.
Makes use of a complex combination of indicatorss to paint a visual snapshot on the current trend
Completely open to building a core trading strategy upon
Want to know more or have questions? Come join the Tradespot community, or send me a message on TradingView.
SSI.FX Global AlgoVersion 1
The SSI.FX Global Algo uses a very fine tune trend filter that helps eliminate the noise of the market
This is a trend following indicator based off a moving average, but this is a exceptionally calculated Non-Repainting/Zero Lag moving average that allows you to enter the market with a mathematically calculated; high probability certainty. This indicator can be modified to the users liking, this is still early stages of the release so things will change over time.
Again, this is a trend following indicator this will not get sniper entries, even though a high amount of the time it may seem like that. Just like any indicator I always suggest using it for confluence to your trend bias.
How To Use
Blue Moving Average = Bullish
Red Moving Average = Bearish
I personally take a Macro and Micro trend approach. Look for trend flips and trends on higher time frames like the 1H, 4H, 1D, 1W then go to a lower time frame to take the micro trades of that prevailing trend. I generally look at 2 to 3 time frame segments lower than my higher time frame bias
example: 4H trend bias, I'd be looking at the 30m or 15m for potential trade entries
Pairs to Trade
Currencies, Stocks, Commodities, Metals, Energy, Bitcoin, Alt Coins.
Alert System
I did build an alert system that you can set to notify you when ever there is a new Long or Short Signal.
Development Roadmap
Multi-Time Frame Settings/Plotting
Better GUI
Trade Types: Basic Trades, Smart Trades
Big thanks to all the people who have helped in the development of this project!
Please leave feedback and any suggestions on what you'd like to see happen with this project!
TargetPredictorThis indicator is very easy to use, but it is still good to follow some basic rules when using it.
Whatever time frame you use, it is always necessary to wait for a particular candlestick to complete. Only in this way can we reach certain conclusions.
You can use the indicator in both directions. When a particular currency rises and when a particular currency falls. If it happens that the targets are marked in the opposite direction than expected, go to settings and check "Reverse".
Horizontal lines represent future targets. The most important of these is the “Turning Point,” which represents the dividing line between the continuation of a trend or its rejection.
If it happens that the candlestick ends above the “Turning Point” the continuation of the trend to the first target is very likely. When the candlestick exceeds the first target, it is the turn of the second target, etc.
Enjoy using the indicator and get in touch with any comments :-)
Action Trend LineAction Trend Line is different of Moving Average between ema26 and ema260
My idea is, if ema26 drop to ema260 means downtrend
if ema26 increase or moving out of ema260 means uptrend
then writting a different line by 100 scale to be clear vision
at the bottom have plot sign up and down for each candle, it is status information
The chart show Action Trend Line, by 2 color and 2 sign at the bottom of chart.
If the line is growing up then color is green. you could know that is uptrend.
If the line is going down then color is red. you could know that is downtrend.
The triangle sign at the bottom of chart show trend folowing.
If previous and this line are uptrend, the triangle up and green color.
If previous and this line are downtrend, the triangle down and redcolor.
otherwise, the trend going to change it dosen't plot any sign, you cloud know warning the trend going to be change.
Must try and make you clearly understand.
Ripster EMA CloudsEMA Cloud By Ripster
EMA Cloud System is a Trading System Invented by Ripster where areas are shaded between two desired EMAs. The concept implies the EMA cloud area serves as support or resistance for Intraday & Swing Trading. This can be utilized effectively on 10 Min for day trading and 1Hr/Daily for Swings. Ripster himself utilizes various combinations of the 5-12, 34-50, 8-9, 20-21 EMA clouds but the possibilities are endless to find what works best for you.
“Ideally, 5-12 or 5-13 EMA cloud acts as a fluid trendline for day trades. 8-9 EMA Clouds can be used as pullback Levels –(optional). Additionally, a high level price over or under 34-50 EMA clouds confirms either bullish or bearish bias on the price action for any timeframe” – Ripster
Hurst ExponentMy first try to implement Full Hurst Exponent.
The Hurst exponent is used as a measure of long-term memory of time series. It relates to the autocorrelations of the time series and the rate at which these decrease as the lag between pairs of values increases
The Hurst exponent is referred to as the "index of dependence" or "index of long-range dependence". It quantifies the relative tendency of a time series either to regress strongly to the mean or to cluster in a direction.
In short, depending on the value you can spot the trending / reversing market.
Values 0.5 to 1 - market trending
Values 0 to 0.5 - market tend to mean revert
Hurst Exponent is computed using Rescaled range (R/S) analysis.
I split the lookback period (N) in the number of shorter samples (for ex. N/2, N/4, N/8, etc.). Then I calculate rescaled range for each sample size.
The Hurst exponent is estimated by fitting the power law. Basically finding the slope of log(samples_size) to log(RS).
You can choose lookback and sample sizes yourself. Max 8 possible at the moment, if you want to use less use 0 in inputs.
It's pretty computational intensive, so I added an input so you can limit from what date you want it to be calculated. If you hit the time limit in PineScript - limit the history you're using for calculations.
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Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and the script don’t provide any financial advice.
Electrified Momentum OverlayVisualizes a moving average and changes in momentum in one overlay.
8 phase alert options.
Top and Bottom ExpansionThis indicator calculates the distance between the top and the bottom. This distance is projected equally above the top and below the bottom. The distance used between the top and bottom is called the reference channel and the first distance above or below the reference channel is called the neutral zone. Buying and selling occurs when the support is lost or the resistance breaks in the neutral zone. It is possible to follow trends through this indicator and maintain a safe position with stop.
First Week Trend [MX]I created this indicator based on one of my ways of analyzing the BTC trend in particular, I noticed that the break of the first weekly candle usually indicates the trend for the rest of the month.
This indicator has a bug in which if you change the timeframe of the indicator it will show erroneous values
If you use the candlestick chart, you will need to pull the visual order of this indicator to the top to overlay the colors of the standard candles, or simply hide the standard candles
the trend colors are bugged in timeframes other than the weekly
special thanks to @xdecow who helped me with the code
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Eu criei esse indicador baseado em uma das minhas formas de analisar a tendência do BTC em específico, eu notei que o rompimento do primeiro candle do semanal costuma indicar a tendência para o resto do mês.
Esse script tem um bug em que se mudar o timeframe do indicador ele irá mostrar valores errados
Se você usa o gráfico de candlesticks, você precisará puxar para o topo a ordem visual desse indicador para sobrepor as cores do candles padrões, ou simplesmente ocultar os candles padrões
as cores da tendencia estão bugados em outros timeframes diferentes do semanal
agradecimentos especiais ao @xdecow que me ajudou no código
Nirvana Trend ChannelThere are two kinds of channels involved in this indicator: the trend channel and momentum channel.
When the two channels are up, consider buying.
When the trend is up but the momentum is sideways or down, just wait, if the price comes back, above the momentum channel, you can buy.
When the two channels are sideways, don't trade.
When the two channel are down, consider selling.
When the trend is down but the momentum is sideways, just watch and wait, when the price goes below the momentum channel, sell.
When the trend is sideways and the momentum is down, don't trade.
Buying is the main option in an up trend and selling is the main option in a down trend.
The suggested timeframe for this indicator are 1H 4H 1D
Customization of this indicator:
You can change the color and the opacity of the channels
You can change the color of the labels, or hide it
Please send me private message if you need further tutorial or you want to get the authorization
Versions for Mate Trader 4, Mate Trader 5, and any other platform that supports custom indicators are available.
This script belongs to the author. If you need to use this indicator, you can send a private message to the author. You can also contact through the email in the signature information.
Follow Line Trend SignalThis Script is a Trend Following system built over the concepts of normalising ATR over Bollinger Bands and Pivot points high low,
This Script Can be used over AnyTimeframe
and Can be treated as a stable alternative to Supertrend
Script has provisions for BUY and SELL Alerts
Enjoy!
vDragon Flow Trend I will share one of the tools that I use daily with you. Based on PVSRA (a methodology developed by Trade at Home using, price action, volume wyckoff, support / resistance, trends all in one method), it is composed of exponential averages, which I think is plausible, however, it would not be more easy if the main moving average was not made with its own volume?
Having this idea, I created this indicator, but let’s its functions and WHY you don’t waste time and use this indicator once and for all. Firstly, we know that a moving average is used to identify long-term trends, but because it is a price indicator, it takes into account PRICE, that is, being a late indicator, that is, who looks at prices, looks back and not forward, so I decided to use moving averages weighted by volume, to then make this delay in the moving average decrease considerably.
What are the benefits of using vDragon Trend instead of a normal and convenient average.
* The benefit of this indicator is to track the flow of a long-term trend, being similar to the session's VWAP, for example, but as VWAP has a limitation of only being able to show the average price of Market Makers only on the intraday, vDragon can do this, even showing the average price of these players in the long run.
* It is a fast and accurate moving average, depending on the flow entering the market, its curve will be greater than an average that reflects the price.
* The band, can increase or decrease depending on the volatility and the volume that happens.
* It takes from the Maximum to the Minimum for a certain period, just so you don't fall into springs.
* Most moving averages are not efficient on fast graphs like ticks or 1-minute graphs, but vDragon manages to adapt the graphical time, thanks to the volume, which is where we located the performance of Smart Money, remembering, I tested the vDragon within a 15-second chart on the FDAX inside the EUREX bag, and it serves a lot.
* Perhaps the best support or resistance you will find, I can give you an example, if it happens that the price rises with remarkable volume on top of vDragon, it can possibly be characterized as an absorption, sometimes too;
* can be used to identify zones of HFTs or algorithms that work with average prices in liquidity regions, since volume is also liquidity.
* can be used to identify linked accumulations in the accumulation or distribution.
There are several things for you to use vDragon as a strategy, use in a way that fits your strategy or operational.
Remembering, this indicator is my authorship
© Victor Eduardo Meireles
available to tradingview for free, be wary of anyone trying to sell you this indicator.
Strat IndicatorThe script implements the Strat method of trading.
Script will label the candles as 1,2,3 where 1 = inside candle. 2 = trend candle, 3 = outside candle.
The bullish , bearish and continuation patterns are labelled with the relevant strat combination
and up, down rrows.
Some setups are
2-1-2 Bearish Reversal = 2 green candle, 1 inside candle, 2 red candle
This indicator can be used in all timeframes.
It can be used on Split screen
for Intraday 1 hour & 15 min
For Swing 1 day & 1 hour
For Long term 1 week & 1 day
For 6 continuous 2 candles, the script will mark the candle as PMG "Pivot Machine Gun" this a big reversal.
Buy/Sell/Hold/Away? This script based on Simple Moving Average and Exponential Moving Average.
The Red Line is an exponential moving average with small length. It act as a main line.
The Black Line is an average of some past data of exponential moving average. Act as Trend Line
The green circles is an exponential moving average with medium length. It act as a signal line.
The Idea is, when the price move higher from it past,past,past, repeatedly in some duration, it will gain enough energy to fly to the highest.
Buy signal when red line cross down green circle. strong buy when red line cross down black line.
Sell signal when red line cross down green circle. strong buy when red line cross down black line.
Additional 1:
Triangle up(blue) indicate Buy Signal. it happen when the price break resistant with some condition and volume>1m
Triangle down(maroon) indicate Sell Signal. it happen when the price break support with some condition and volume>1m
The more triangle show in series, the strong the trend to move accordingly.
Additional 2:
Support and Resistance line.
Hope Benefit To You All.
MDX Free (PA) Buy/Sell ConfimationThis is a free version of the MDX Crypto trading "bot". Note that this indicator and the MDX version are based on simple code available on trading view or via google search.
This indicator is based on the super trend indicator to provide buy/sell signals at inflection points of uptrends and downtrends. These inflection points are commonly used as entry/exit points for trading. They are represented on the chart as green (buy) or red (sell) arrow.
This also uses two exponential moving averages. One average is set over 21 bars (fast) and the other is set over 55 bars (slow). When the plots intersect it represents a change in momentum. This is shown on the chart as a red (negative change) or green (positive change) diamonds. When a green diamond follows a green arrow it is considered a confirmed buy. When a red diamond follows a red arrow it is a confirmed sell.
Caution:
Caution this indicator is not reliable on its own, especially on low time scales. When looking back in time this indicator will almost always show a "confirmed buy" before a large increase in price, but on many occasions you can have a "confirmed buy" which is followed by a dump in price, that will not trigger sell signal in time. For best results use with 15m to 1h timeframes
Disclaimer:
This indicator is for informational purposes and should be used for educational purposes only. If you rely on this for trading without additional information you will loose money. I am not a financial advisor, or a professional trader. Use at your own risk.
This is an unpolished version. It may be updated and the source code published if it is used.
[co.n.g] - Simple CVD over MAThis Single Volume Delta (SVD), respectively Cumulative Volume Delta (CVD) is a really simple script computing the difference of the volume of the actual in comparison the the volume of the "Calculation Bars Threshold", calculated by smoothing through a simple moving average - the "CVD MA Smoothing".
Therefore, if the "Calculation Bars Threshold" and the "CVD MA Smoothing" are set to 1, the script will display the difference of the actual compared to the previous candle;
furthermore, if the "Calculation Bars Threshold" is set to 3 and the "CVD MA Smoothing" is set to 14, then the indicator will display the the summed difference of the past 3 values, smoothed over a period of 14 candles.
This indicator may also be set to a different time frame, allowing multi time frame analysis; f.e. if you're going to set a lower time frame than the actual, the deltas of the lower time frame will be displayed and will be showing the volume trend of the lower time frame; if you're going to set a higher time frame, this is respectively working as described.
To understand volume and price action, it is - imho - especially helpful to display the volume of higher time frames to visualize the "Where the heck am I and what are the big players doing?"
This indicator is coloring the histogram in green as positive, red as negative and gray as indecisive CVD.
Hopefully, this will be helpful in your VSA and your trading decisions.
Cheers,
Constantine
p.s.: I am also working on a far more sophisticated version of SVD/CVD, so stay tuned!
