Regular OBV bothers me because it doesn't consider the candle body size. In the example here above you can see the regular OBV at the bottom and how it just moves sharply down because the price closed just below the open price, if it would have closed just above the open price it would have moved up by the same amount. To me it shouldn't be that way. This is why i...
Often before the marked falls, the volume is decreasing, so I make indicator which shows volume change. It is made of RMA of Volume.
Часто перед тем, как рынок падает, в нем значительно уменьшаются объемы. Для отслеживания этих закономерностей я создал этот индикатор - по сути он обрабатывает RMA от объема. Если он на локальном минимуме, вероятен пролив.
This indicator attempts to detect moments of abnormal and accelerating increase in volume. Because pumps happen over short time frames, this script is potentially better used on smaller timeframes (1 - 15 minutes). It takes two inputs: The length of the lookback for the volume rate of change (vroc) calculation (default=20), and The threshold over which a pump...
Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback
(Strong or Weak Bulls // Strong or Weak Bears)
Candles / Bars Indicate the Following (default 13 period lookback / Length)
MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume
RED Bear Candle while VOLUME is...
Measures buying and selling pressure over a given lookback period.
As described at traders.com
See also:
- Are price updates a good proxy for actual traded volume in FX?
- Using Tick Volume in Forex: A Clear NVO Based Example
idea take from Alexander Elder, author of: The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management
Meaning of colouring:
- Green bar Volume: If we look back certain numbers of volume bars, higher close price and higher volume.
- Blue bar Volume: If we look back certain numbers of volume bars, higher close...
Plots lines of June and Sept. Includes Index (BXBT) and an optional line to show the average of seven exchanges.
Those seven exchanges are:
(BINANCE:BTCUSDT+POLONIEX:BTCUSDT+BITTREX:BTCUSDT+BITFINEX:BTCUSD+BITSTAMP:BTCUSD+COINBASE:BTCUSD+OKCOIN:BTCUSD1W)/7")
I plan on adding a switch to switch off the prices and show premiums. I may just make a different...
![XBTUSD.P: BitMEX Futures: XBTM18 | XBTU18 | Index | Average [NeoButane]](https://s3.tradingview.com/n/NK5mpmPo_mid.png "BitMEX Futures: XBTM18 | XBTU18 | Index | Average [NeoButane]")
