Nice! I love it.
As the name implies, Value. I prefer to trade from the standpoint of getting into a trade knowing I have value baked in. As traders we have to extract that value by means of measurement and this tool does exact that....assists us in finding the value AFTER we get a signal, not before. Here I offer just a crude manner in which I do that, one sell and one buy. After a trader gets directional bias, the TVI can help pinpoint an exact point to enter with value.
UDAY_C_Santhakumar
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This is not very different from any oscillator. Its got its +/- as well. As an educated trader, we need to know how to pick the signals. Just like you did.
cooney_s
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Yes, work is needed to extract the information that sits before us in a price chart. Unfortunately, too many traders expect/want the easy way out with a simple Buy Sell signal. Good traders work, the rest that are in the mix... donate. Thanks for sharing your efforts.
comr
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Hi, why can't your Transaction Value Index indicator be combined with other indicators??
JoshuaMcGowan
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very interesting. now im curious how this lines up with volume profile, looks good!
IvanLabrie
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This will only work if price is forming a bell curve.
Have you used it for trading?
A profile would be more useful in my opinion, market profile, with TPOs based on time at price instead of volume.
UDAY_C_Santhakumar
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Well, based on the info i got from VC, they picks the signals on daily and mostly scalp it intraday. Against the trend, extreme valuation etc...
As the name implies, Value. I prefer to trade from the standpoint of getting into a trade knowing I have value baked in. As traders we have to extract that value by means of measurement and this tool does exact that....assists us in finding the value AFTER we get a signal, not before. Here I offer just a crude manner in which I do that, one sell and one buy. After a trader gets directional bias, the TVI can help pinpoint an exact point to enter with value.