TradingView
Lancelot_Augur
7 Eyl 2019 07:09

Lancelot ATR Volume Meter 

BITMEX:XBTUSD.P240
Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Açıklama

⋅
This is an experiment I did a while back ago.

I often think On Balance Volume is a great indicator as trend direction and volume cannot lie.

However, I bumped into a few problems.

It is slow, doesn't show volatility and often time it is prone to chop.

That's why I added ATR to the equation.

Original OBV calculation
src > 0? : +volume : src < 0? -volume

Modified OBV with ATR
src > 0 ? +volume * (volume / atr) : src < 0? -volume * (volume / atr)

I have used 2 ema for this modified OBV.
ema 3
ema 18

By adding ATR to the equation we can smooth out many erratic price movement. (Stop hunting)

Also, when price move slowly but steady, often prepping for a big move, this indicator will move faster.

In short, this indicator prevents you from being stop hunted and also provide great entry for a trending market.

Works well on BTCUSD XBTUSD, as well as other major liquid Pair.

Feel free to follow me on Twitter @Lancelot_Auger for more free Alpha.

Please acknowledge my effort by like and follow.

And lastly,

Save Hong Kong, the revolution of our times.
Volume IndicatorAverage True Range (ATR)Trend AnalysisBTCBTCUSDxbtXBTUSDcryptoCryptocurrency
Yorumlar
Jpdeletraz
⋅
@Lancelot_Augur Hi there, would you mind doing a video on how it works? or just a simple explanation. I'm not too sure how it prevents you from being stop hunted.

Please excuse my newly experience as a trader, but I'm looking to understand it better :)

Thank you and well done
zschonn
⋅
There is no ATR including in the entire script, although idea is good
mscarborough
⋅
You didn't use the ATR multiplier variable you created.
LionKing8921
⋅
love the indicator backtest reesults. can wait to see it in action on next market open
MisterTheCat
⋅
Thank you! Excellent idea!
pyamalee
⋅
This is a great indicator and your idea is wonderful. Thank you for sharing.
collmanchu2010
⋅
Very good indicator ! genius to add ATR to modify it. It reduce many chopiness!
jatt_avalgill
⋅
can I get this sensational indicator for my MT4?
jenko911082
⋅
Absolute banger well done!!!
jmoz
⋅
Love your work and HK.
Daha Fazla