[SignalFI] VolumeFI (Weiss Wave)

VolumeFI uses our proprietary DynaFIB EMA Moving average to create a unified volume trend that leverages Weiss Wave mechanics. There are a few items to note with the use of this tool:

1) The Volume wave created can be customized, becoming more sensitive if the EMA Length is changed in the settings. By default the value is 6, and I would not go below 3 or above 9 for this setting to remain relevant to the trend.

2) By default background coloring is disabled. If enabled, the background color of the indicator will correspond to the trend squares that are presented at the top of the Wave bars. This does not show any additional functionality other than presenting the Rising and Falling effect of volume in a more pronounced way. This is simply to please some traders that would like a more "obvious" representation of the current trend presented by VolumeFI.

3) Small up and down labels are presented which indicate bull and bear volume spikes. These signals can be categorized into to two forms. When the signal presents itself at the start or in the middle of trend, the signal can be considered "supportive" of the trend. When the signal presents itself at the "top" or "bottom" of a trend (based on other confluence), it can be interpreted as "non-supportive" of the trend.

Said another simpler way, the small up/down labels represents impulses of positive trend supporting volume, or can indicate "exhaustion" of the trend when seen after a longer volume wave.

These bars can also provide notice of a reversal when opposite colored signals are presented on Volume Wave bars. When you see a "Blue" (Bull) volume spike on a red wave, and in succession that would indicate that volume is attempting to reverse the downward trend. The same goes for multiple "Red" (Bear) volume spikes seen on a blue wave.

Notas de prensa:

1) Volume calculation changes to adapt to all timeframes and remove data gaps
2) Trend now by default shown as distribution below zero.
3) Re-designed presentation of bull/bear bars and impulses.
4) Coloring update.