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Pretty simple EVWMA (Elastic Volume Weighted Moving Average ) Cross Strategy. Long on bullish cross, Short on Bearish Crosss.
EVWMA is a quite interesting moving average where period of the MA is defined from volume itself.
It incorporates volume information in a natural and logical way. The eVWMA can be looked at as an approximation to the average price paid per share.
As a volume period you can use sum of the last x bars volumes.
Here is EVWMA as an indicator:
EVWMA is a quite interesting moving average where period of the MA is defined from volume itself.
It incorporates volume information in a natural and logical way. The eVWMA can be looked at as an approximation to the average price paid per share.
As a volume period you can use sum of the last x bars volumes.
Here is EVWMA as an indicator:
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PineScript Programming: https://qntly.com/pinepro
TradingView Essential: https://qntly.com/tve
Access to Pro Indic.: https://qntly.com/proind
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Discord: https://qntly.com/discord
Telegram: https://qntly.com/tel
PineScript Programming: https://qntly.com/pinepro
TradingView Essential: https://qntly.com/tve
Access to Pro Indic.: https://qntly.com/proind
YouTube: https://qntly.com/youtube
Discord: https://qntly.com/discord
Telegram: https://qntly.com/tel
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