OPEN-SOURCE SCRIPT
Actualizado Effective Volume Z-Score
This indicator aims at responding the question: is the current trend supported by volume?
The concept and formula
The central concept is the Effective Volume, calculated as follow:
Then the Effective Volume Z-Score indicator is calculated by smoothing the effective volume and applying the z-score function:
Essentially, the indicator's value represents the number of standard deviations of the effective volume away from the mean.
How to use it
This indicator should be used for trend confirmation.
For an uptrend, the bigger the indicator value, the greater the volume support, while for a downtrend, the lower the indicator value, the greater the volume support.
Divergences are also important, as with every volume indicator.
The concept and formula
The central concept is the Effective Volume, calculated as follow:
effectiveVolume = volume * (close - open) / (high - low)
Then the Effective Volume Z-Score indicator is calculated by smoothing the effective volume and applying the z-score function:
zscore(x) = (x - mean) / stdev
Essentially, the indicator's value represents the number of standard deviations of the effective volume away from the mean.
How to use it
This indicator should be used for trend confirmation.
For an uptrend, the bigger the indicator value, the greater the volume support, while for a downtrend, the lower the indicator value, the greater the volume support.
Divergences are also important, as with every volume indicator.
Notas de prensa
Update default settingsNotas de prensa
The Average Effective Volume Z-Score is now visible by default.Notas de prensa
Messing with the default settings againNotas de prensa
The effective volume is no longer smoothed before applying the z-score function, only after.Notas de prensa
Revert to the original concept: apply z-score on the smoothed effective volume
Script de código abierto
Siguiendo el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan conocerlo y verificarlo. ¡Un brindis por el autor! Puede utilizarlo de forma gratuita, pero la reutilización de este código en publicaciones se rige por Normas de la casa. Puede añadir este script a sus favoritos y usarlo en un gráfico.
¿Quiere utilizar este script en un gráfico?
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.