R100 Wave Volume v2 (*v*)

This indicator is similar to the Weis Wave Volume indicator in that it shows cumulative volume for each up and down price wave. However it is calculated differently, using the Jurik moving average to determine turning points. Use this in conjunction with the R100 Wave indicator to determine the best fit Jurik length and power settings.

A great indicator to help analyse the strength of pullbacks, continuation moves and changes in behaviour.

I hope you get some value out of it. Only conditions of use are that if you improve it, let me know and if you publish something that uses it, don't hide the code! Enjoy!

Code pinched and modified from Zero Lag ZigZag by Duyck - thankyou
Jurik Moving Average (for turning points) by Everget - thankyou
and Weis Wave by Modhelius - thankyou
Gỡ bỏ khỏi Script Ưa thích Thêm vào Script Ưa thích
Hello Sir,

i was using only this indicator in living trading for my Indian stocks, it was really giving perfect signal for buy/sell which i improve myself how to use your indicator and u don't believe me this indicator not even given me a single day loss for the past 3 weeks. I was really thankful to u for creating this a Perfect indicator.
Phản hồi
Rooster100 veera_kir
That's great to hear @veera_kir, I'm glad you're finding it useful! This indicator can be used in a lot of different ways- it would be great if you can add a bit of detail about how you use it. I reckon it may help a few people who are interested. Like what type of stocks you trade, what timeframe and are they generally trending or in a range or both for example. And any tips you discovered to help make using it more effective. Cheers and continued success!
Phản hồi
veera_kir Rooster100
Sir, presently i don't know how to explain my strategy how i using your indicator for intraday trading in Indian stock Markets, still i didn't come with 100% output. But soon i will explain you.
+1 Phản hồi
Is it possible to use this for live trading or only to look back on the Market? The backtesting looks unreal. Does it redraw?
+1 Phản hồi
Hi @xyse, not sure what sort of back-testing you've done but on its own this is not meant to be a buy/sell trigger- no better than the Jurik MA that the turning points for this indicator are based on anyway. It's value lies in identifying changes in trading behaviour and applies to any timeframe and live trading. There is no re-painting once a turning point has been identified, but the last leg or bar will move about/change colour until the next turning point is established.
+1 Phản hồi
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế 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 Nhận trợ giúp Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Đồng TradingView Ticket Hỗ trợ của tôi Nhận trợ giúp Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất