PROTECTED SOURCE SCRIPT
DVI Bands
Actualizado
A new idea of mine that I am presently experimenting on for my trades.
The DVI bands is based on my previously published DVI script:
The Directional Volume Index (DVI) is defined as follows:
DVI = VWMA (len1) - SMA (len2), where by default, len1==len2
The stdev band is derived from the DVI where:
* The DVI piercing the Stdev boundary suggests a significant move in the corresponding direction.
* Tightening of the DVI-Stdev bands can suggest the possible incoming of major move ahead.
The novel aspects and principles of this indicator and this source code are the property of © cybernetwork.
The DVI bands is based on my previously published DVI script:
The Directional Volume Index (DVI) is defined as follows:
DVI = VWMA (len1) - SMA (len2), where by default, len1==len2
- The position of the DVI above/below the current price provides volume confirmation of the direction of the price trend.
- The magnitude of the DVI above/below the current price provides the volume confirmation of the strength of the price trend.
The stdev band is derived from the DVI where:
* The DVI piercing the Stdev boundary suggests a significant move in the corresponding direction.
* Tightening of the DVI-Stdev bands can suggest the possible incoming of major move ahead.
The novel aspects and principles of this indicator and this source code are the property of © cybernetwork.
Notas de prensa
- Introduced markers to indicate points where the DVI pierces above/below the upper/lower DVI-Band.
Notas de prensa
Adjusted markers plot position.Notas de prensa
Changed default analysis length.Notas de prensa
Adjusted size and transparency of crossover markers.Notas de prensa
Updated vwma smoothing default.Notas de prensa
Script now allows users to select the carrier MA mode onto which the DVI is superimposed.Notas de prensa
Added linreg carrier mode.Script protegido
Este script se publica con código cerrado, pero puede utilizarlo libremente. Márquelo como favorito y podrá usarlo en un gráfico. El código fuente no se puede ver ni modificar.
¿Quiere utilizar este script en un gráfico?
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