Here is a unique way of looking at your price & volume information. Utilize the calculated value of "Shannon Entropy". This is a measure of "surprise" in the data, the larger the move or deviation from the most probable value, the higher the new information gain. What I think is so interesting about this value, is the smoothness that it displays the information...
Hi everyone
The today's script was suggested by a follower.
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1 minute of Knowledge
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Many traders look at volume as a pre-signal that a move may happen.
In trading, some say that "the volume precedes the movement".
This simply means that often volume will increase before a significant...
Introduction
I recently derived the calculation of the relative strength index, an indicator that aim to spot overbought and oversold assets, but what is an overbought/sold asset ? Can such things be estimated with price alone ?
This why i propose a modification of the relative strength using my recently proposed efficient calculation including volume...
The "Range Force Impulse" indicator combines 4 useful indicators into one, freeing up chart real-estate and giving the trader insight into trend health, bull/bear commitment, range and volatility all at a glance.
The indicator consists of the following:
Direction - True Range and Average True Range columns shown above and below 0 depending on direction of...
This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow...
Hey guys,
Ive been thinking about Price Volume Trend for a while and tried adding different moving averages to it, but seems its not as binary.
Therefore adding the bollinger bands as a no-trade-zone made it alot better. Indicator is pretty basic at the moment since I just implemented the idea but im planning to do some add-ons later on to make it easier to read....
The "AC-P" version of the Derivative Oscillator is my personal customized version of Constance Brown's Derivative Oscillator (using Everget's implementation of it as the base), with the the following modifications and additions:
VWAP Indication - option to show whether the price input option is above or below the Daily VWAP (red triangles = price input is...
Trying to code divergences of price and Volume with direction ocs.
It only highlights filtered divergence signals overlayed pointing at trend swing.
Colors:
red- doom
green - moon
An example of Binary Option Arrows (BOA) for candlestick patterns bearish and bullish harami.
With results as coloured background and an option to choose your expiration (one candle by default).
It's just an example for those who has their own strategy and wants to make nice arrows in their chart.
All you need to do is rewrite piece of script in lines 9:13 -...
English
Using a simple moving average, this indicator uses a coloring rule to highlight when volume is above or below average. According to Dow's theory where volume can be used to confirm a price trend.
Português
Utilizando de uma média móvel simples, esse indicador utiliza de uma regra de coloração para destacar quando o volume está acima ou abaixo da média....
This is cheap replacement for volume profile.
Red bars is where accumulated high volume in small range.
if new bar moves out of range all accumulated volume will be lost and color will change.
Force Index is an oscillator. It combines volume with prices
to discover the force of bulls or bears behind every rally or decline.
It brings together three essential pieces of information the direction of price
change, its extent, and the volume during that change. It provides a practical way of
using volume for making trading decisions.
Force Index can be...
![EURUSD: Jurik Volume Trend Strength [Jwammo12]](https://s3.tradingview.com/m/M3nHJrZ0_mid.png "Jurik Volume Trend Strength [Jwammo12]")
![XBTUSD.P: Derivative Oscillator Cu [ID: AC-P]](https://s3.tradingview.com/9/9Wp8VPYf_mid.png "Derivative Oscillator Cu [ID: AC-P]")
