xel_arjona

BUY & SELL VOLUME PRESSURE by @XeL_Arjona

BUY & SELL PRICE TO VOLUME PRESSURE
By Ricardo M Arjona @XeL_Arjona


DISCLAIMER:

The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.

The embedded code and ideas within this work are FREELY AND PUBLICLY available on the Web for NON LUCRATIVE ACTIVITIES and must remain as is.

Pine Script code MOD's and adaptations by @XeL_Arjona with special mention in regard of:
  • Buy (Bull) and Sell (Bear) "Power Balance Algorithm" by: Stocks & Commodities V. 21:10 (68-72): "Bull And Bear Balance Indicator by Vadim Gimelfarb"
  • Normalisation (Filter) from Karthik Marar's VSA work: http://karthikmarar.blogspot.mx
  • Buy to Sell Convergence / Divergence and Volume Pressure Counterforce Histogram Ideas by: @XeL_Arjona

WHAT IS THIS?
The following indicators try to acknowledge in a K-I-S-S approach to the eye (Keep-It-Simple-Stupid), the two most important aspects of nearly every trading vehicle: -- PRICE ACTION IN RELATION BY IT'S VOLUME --

  • Volume Pressure Histogram: Columns plotted in positive are considered the dominant Volume Force for the given period. All "negative" columns represents the counterforce Vol.Press against the dominant.
  • Buy to Sell Convergence / Divergence: It's a simple adaptation of the popular "Price Percentage Oscillator" or MACD but taking Buying Pressure against Selling Pressure Averages, so given a Positive oscillator reading (>0) represents Bullish dominant Trend and a Negative reading (<0) a Bearish dominant Trend. Histogram is the diff between RAW Volume Pressures Convergence/Divergence minus Normalised ones (Signal) which helps as a confirmation.
  • Volume bars are by default plotted from RAW Volume Pressure algorithms, but they can be as well filtered with Karthik Marar's approach against a "Total Volume Average" in favor to clean day to day noise like HFT .
  • ALL NEW IDEAS OR MODIFICATIONS to these indicators are Welcome in favor to deploy a better and more accurate readings. I will be very glad to be notified at Twitter: @XeL_Arjona

Any important addition to this work MUST REMAIN PUBLIC by means of CreativeCommons CC & TradingView. -- 2015
Gỡ bỏ khỏi Script Ưa thích Thêm vào Script Ưa thích
//	* BUY & SELL PRESSURE VOLUME PRESSURE
//    Ver. 1.00.beta1.27.07.2015
//    By Ricardo M Arjona @XeL_Arjona
//	
//		DISCLAIMER:
//
//      The Following indicator/code IS NOT intended to be
//      a formal investment advice or recomendation by the
//      author, nor should be construed as such. Users
//      will be fully responsible by their use regarding 
//      their own trading vehicles/assets.
//
//		The embedded code and ideas within this work are 
//		FREELEY AND PUBLICLY available on the Web
//		for NON LUCRATIVE ACTIVITIES and must remain as is.
//
//		Pine Script code MOD's and addaptations by @XeL_Arjona 
//      with special mention in regard of:
//      + Buy (Bull) and Sell (Bear) "Power Balance Algorithm" by:
//          Stocks & Commodities V. 21:10 (68-72):
//          "Bull And Bear Balance Indicator by Vadim Gimelfarb"
//      + Normalization (Filter) from Karthik Marar's VSA work:
//          http://karthikmarar.blogspot.mx
//      + Buy to Sell Convergence / Divergence and Volume Pressure
//        Conunterforce Histogram Ideas by:   @XeL_Arjona
//
//      WHAT IS THIS?
//
//      The following indicators try to acknowledge in a K-I-S-S
//      approach to the eye (Keep-It-Simple-Stupid), the two most
//      important aspects of nearly every trading vehicle:
//           -- PRICE ACTION IN RELATION BY IT'S VOLUME --
//
//      A) Volume Pressure Histogram:
//         Columns plotted in positive are considered the dominant
//      Volume Force for the given period.  All "negative" columns
//      represents the counterforce Vol.Press against the dominant.
//
//      B) Buy to Sell Convergence / Divergence:
//         It's a simple addaptation of the popular "Price
//      Percentage Oscilator" or MACD but taking Buying Pressure
//      against Selling Pressure Averages, so given a Positive 
//      oscilator reading (>0) represents Bullish dominant Trend
//      and a Negative reading (<0) a Bearish dominant Trend.
//      Histogram is the diff between RAW Volume Pressures
//      Convergence/Divergence minus Normalized ones (Signal)
//      which helps as a confirmator.
//
//      C) Volume bars are by default plotted from RAW Volume
//      Pressure algorithms, but they can be as well filtered
//      with Karthik Marar's approach against a "Total Volume
//      Average" in favor to clean day to day noise like HFT.
//
//      D) ALL NEW IDEAS OR MODIFICATIONS to these indicators are
//      Welcome in favor to deploy a better and more accurate readings.
//      I will be very glad to be notified at Twitter: @XeL_Arjona
//
//      Any important adition to this work MUST REMAIN
//      PUBLIC by means of CreativeCommons CC & TradingView.
//      2015
//		
//////////////////////////////////////////////////////////////////
study("BUY & SELL VOLUME PRESSURE by @XeL_Arjona", shorttitle="BSP_XeL", precision=0)
signal = input(title="Base for FastMA Periods:", type=integer, defval=3)
long = input(title="Buy to Sell Conv/Div Lookback:", type=integer, defval=27)
norm = input(false, title="Normalized (Filtered) Version:")
vmacd = input(false, title="Buy to Sell Convergence/Div OSC:")
//vapi = input(false, title="Display Acc/Dist % :")
vol = iff(volume > 0, volume , 1)
// PRESSURE ALGORITHMS AND VARIABLES
TR = atr(1)
// Bull And Bear "Power-Balance" by Vadim Gimelfarb Algorithm's
BP =    iff(close<open,     iff(close[1]<open,  max(high-close[1], close-low), 
                                                    max(high-open, close-low)),
            iff(close>open,     iff(close[1]>open,  high-low, 
                                                    max(open-close[1], high-low)),
            iff(high-close>close-low, iff(close[1]<open,    max(high-close[1],close-low),
                                                            high-open),
            iff(high-close<close-low, iff(close[1]>open,    high-low,
                                                            max(open-close[1], high-low)),
            iff(close[1]>open,  max(high-open, close-low),
            iff(close[1]<open,  max(open-close[1], high-low),
        high-low))))))
SP =    iff(close<open,     iff(close[1]>open,  max(close[1]-open, high-low),
                                                    high-low),
            iff(close>open,     iff(close[1]>open,  max(close[1]-low, high-close),
                                                    max(open-low, high-close)),
            iff(high-close>close-low,   iff(close[1]>open,  max(close[1]-open, high-low),
                                                            high-low),
            iff(high-close<close-low,   iff(close[1]>open,  max(close[1]-low, high-close),
                                                            open-low),
            iff(close[1]>open,  max(close[1]-open, high-low),
            iff(close[1]<open,  max(open-low, high-close),
        high-low))))))
TP = BP+SP
// RAW Pressure Volume Calculations
BPV = (BP/TP)*vol
SPV = (SP/TP)*vol
TPV = BPV+SPV
BPVavg = ema(ema(BPV,signal),signal)
SPVavg = ema(ema(SPV,signal),signal)
TPVavg = ema(wma(TPV,signal),signal)
// Karthik Marar's Pressure Volume Normalized Version (XeL-MOD.)
VN = vol/ema(vol,long)
BPN = ((BP/ema(BP,long))*VN)*100
SPN = ((SP/ema(SP,long))*VN)*100
TPN = BPN+SPN
nbf = ema(wma(BPN,signal),signal)
nsf = ema(wma(SPN,signal),signal)
tpf = ema(wma(TPN,signal),signal)
ndif = nbf-nsf
// Conditional Selectors for RAW/Norm
BPc1 = BPV>SPV ? BPV : -abs(BPV)
BPc2 = BPN>SPN ? BPN : -abs(BPN)
SPc1 = SPV>BPV ? SPV : -abs(SPV)
SPc2 = SPN>BPN ? SPN : -abs(SPN)
BPcon = norm ? BPc2 : BPc1
SPcon = norm ? SPc2 : SPc1
BPAcon = norm ? nbf : BPVavg
SPAcon = norm ? nsf : SPVavg
TPAcon = norm ? tpf : TPVavg
// Volume Pressure Convergence Divergence by XeL_Arjona
vpo1 = (( sum(BPVavg,long)-sum(SPVavg,long))/sum(TPVavg,long))*100
vpo2 = (( sum(nbf,long)-sum(nsf,long))/sum(tpf,long))*100 //ema(wma(vmcdt,signal),signal)
vph = nz((vpo1 - vpo2),0)
// Plot Indicator
histC = vph > vph[1] ? blue:#BA00AA
Vpo1C = vpo1 > 0 ? green:red
Vpo2C = vpo2 > 0 ? green:red
plot(vmacd ? na:SPcon, color=red, title="SELLING", style=columns, linewidth=3, transp=80)
plot(vmacd ? na:BPcon, color=green, title="BUYING", style=columns, linewidth=3, transp=80)
plot(vmacd ? na:SPAcon, color=red, title="SPAvg", style=line, linewidth=2) //ema(BearPower*SPV,signal)
plot(vmacd ? na:BPAcon, color=green, title="BPAvg", style=line, linewidth=2) //ema(BullPower*BPV,signal)
plot(vmacd ? vpo1:na, color=Vpo1C,title="VPO1", style=line, linewidth=3)
plot(vmacd ? vpo2:na, color=Vpo2C,title="VPO2", style=line, linewidth=1)
plot(vmacd ? vph:na, color=histC, title="VPH", style=columns, linewidth=3, transp=80)
Is it possible to make Alerts in to this Study ? Would have been a great tool with alerts.
Nice Study..:-)
Phản hồi
Thanks for this, is it possible to adapt to include multiple exchanges - im a complete pine novice, with no real experience in pine other than cut paste. Any help appreciated. cheers, Lee

src1 = security("KRAKEN:XRPUSD", period, src0), src2 = security("BITSTAMP:XRPUSD", period, src0)
src3 = security("BITFINEX:XRPUSD", period, src0), src4 = security("BITTREX:XRPUSD", period, src0)
+3 Phản hồi
Flixer xrpxrp
@xrpxrp, Did it work now?
Phản hồi
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Shows Cách thức hoạt động Tính năng Biểu đồ Giá Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Giải pháp biểu đồ Thư viện Biểu đồ Lightweight Trung tâm Trợ giúp Giới thiệu bạn Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Giới thiệu bạn Ticket Hỗ trợ của tôi Trung tâm Trợ giúp Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất