OPEN-SOURCE SCRIPT
Actualizado

Directional Volume Index

6178
A new idea of mine that I am presently experimenting on for my trades.

The Directional Volume Index (DVI) is defined as follows:
DVI = VWMA(len1) - SMA(len2), where by default, len1==len2

The sign of the DVI provides volume confirmation of the direction of the price trend.
The magnitude of the DVI provides the volume confirmation of the strength of the price trend.

The novel aspects and principles of this indicator and this source code are the property of © cybernetwork.
This indicator and script is free for the TV community to use.


Notas de prensa
Removed redundant input.
Notas de prensa
Updated smoothing to VWMA smoothing.
Notas de prensa
Updated inputs.
Notas de prensa
Tweaked VWMA smoothing parameter.

NOTE: The accompanying analysis package is now republished as Directional Volume Index (DVI) {PREMIUM}.
Notas de prensa

  • Added Stdev based thresholds.
  • The DVI piercing the Stdev boundary suggests overexuberance in the corresponding direction.
  • Tightening of the DVI-Stdev bands can suggest the possible incoming of major move ahead.
Notas de prensa
Simplified script.
Notas de prensa
Updated vwma smoothing default.

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.