PROBLEM DEFINITION 1 : To Avoid False Breakouts
PROBLEM DEFINITION 2 : To Ascertain if the trend has changed when a Stock opens with a Gap up or Gap Down
## PROBABLE SOLUTION : Use a Moving Average with lot of latency
## PROBLEM WITH ABOVE SOLUTION : Misses on lot of trades, Late exits leads to drain on winning trades
S O L U T I O N
An Indicator which...
EVWMA ACCUMULATION/DISTRIBUTION PRESSURE & FRACTAL BANDS
Version: 3.0 @ 4.11.2015
By Ricardo M Arjona @XeL_Arjona
DISCLAIMER:
The following indicator IS NOT INTENDED TO BE A FORMAL INVESTMENT ADVICE OR TRADING RECOMMENDATION BY THE AUTHOR, nor should be construed as such. Users will be fully responsible by their use regarding any kind of trading...
Elastic Volume Weighted Moving Average indicator script. This indicator was originally developed by Christian P. Fries (Technical Analysis of Stocks & Commodities, June 2001).
Elastic Volume Weighted Moving Average (EVWMA) with Trend and Envelopes.
Original version by LazyBear, trend function by Shizaru, combination by Spreadburn.
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:
- Absolute volume value, for example floating number of shares. 134M for Tesla for...
The Elastic Volume Weighted MACD is a variation of standard MACD.
The Difference is that this script apply the formula of standard MACD with the Elastic Volume Weighted Moving Average.
I took the formula of EVWMA from public library coded by LazyBear.
I use EVWMACD as a trend confirmation indicator.
Just tune all lengths and parameters according to your instruments
![EOSUSDT: EVWMA VWAP MACD Alerts [QuantNomad]](https://s3.tradingview.com/y/YNcHHCfm_mid.png "EVWMA VWAP MACD Alerts [QuantNomad]")
