Lancelot_Augur

Lancelot ATR Volume Meter

This is an experiment I did a while back ago.

I often think On Balance Volume is a great indicator as trend direction and volume cannot lie.

However, I bumped into a few problems.

It is slow, doesn't show volatility and often time it is prone to chop.

That's why I added ATR to the equation.

Original OBV calculation
src > 0? : +volume : src < 0? -volume

Modified OBV with ATR
src > 0 ? +volume * ( volume / atr) : src < 0? -volume * ( volume / atr)

I have used 2 ema for this modified OBV.
ema 3
ema 18

By adding ATR to the equation we can smooth out many erratic price movement. (Stop hunting)

Also, when price move slowly but steady, often prepping for a big move, this indicator will move faster.

In short, this indicator prevents you from being stop hunted and also provide great entry for a trending market.

Works well on BTCUSD XBTUSD , as well as other major liquid Pair.

Feel free to follow me on Twitter @Lancelot_Auger for more free Alpha.

Please acknowledge my effort by like and follow.

And lastly,

Save Hong Kong, the revolution of our times.
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Nice work! - thank you
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Lancelot_Augur Tradingpicks8
@Tradingpicks8, You're welcome. Stick around for more script!
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香港是中国的,需要拯救吗?
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@AItraders, also save China and Chinese people from the communist party, you guys deserve to live a better life, more freedom, and justice.
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Lancelot_Augur Lancelot_Augur
@Lancelot_Augur, 50 million oversea Chinese people are already enjoying a much higher living standard as well as other perks such as being able to vote and freedom that comes along with their citizenship. Whilst the communist party suppress their own people in the most basic human right.
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ChenXiaoBin Lancelot_Augur
@Lancelot_Augur, hey you analysis is cool , but as a Chinese man born oversea i do thought that communism is not as good as other democratic governments however as i went to china more and more i did realize that there are more kinds of governing than the western world knows communist party focuses more on competency what shows a pretty good result in china. But anyway your post is cool and hope you keep it up :)
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nice :)
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@dilace, Thanks:) Stick around for more.
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