Price pattern is critical for trading. So is volume analysis, but volume is so hard to read.
Introducing VINA, the Volume Imbalance Next Action indicator. VINA is similar to OBV, the key being the volume being measured. VINA is developed over many years, using ideas from PVT and Accumulation / Distribution, normalized as an oscillator, and not just adding/subtracting like OBV, instead considering the size of the move like PVT.
It's not perfect, but VINA catches almost all of the major trends. Like all indicators, VINA gets whipsawed in choppy environments. VINA has been very accurate for trading futures, so I'm presenting it here with signals shown for 30 minute or higher timeframes.
Thanks for sharing your knowledge ,this's very helpful.
landemort
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Thank you, very good indicator, very accurate. Could you please add the ability to change line colors, because it looks very awkward on a dark theme? Thanks!
SansTrades
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Thank you for your work, looks very nice. Let me ask, does it repaint?
SansTrades
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@SansTrades, I'd also like to know if you are kind to answer this question; Do the bullish and bearish signal have any offset? or are they created in the candle and they are confirmed once that candle closes?