Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
詳細
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Note: Pardon for a busy chart. It really is irrelevant for this indicator. Just look at the bottom part of the chart for the indicator (SpAn).
This script is meant to add objectivity to the estimation of spread in VSA. This is best used with a similar volume indicator that measures volume in the same fashion, but a simple rule of "higher/lower than the previous 2 bars" for estimation of volume size can be used as well in conjunction with this indicator.
A 30-period (adjustable) SMA difference between the high and the close is used to estimate average spread. This value is used to plot bands of 0.8 and lower (blue) standard deviation for narrow spread, 0.8-1.3 (yellow) for medium spread, 1,3-1.8 (green) for wide spread, 1.8-3 (red) for ultra-wide spread. Anything above 3 (no color) is plain crazy. =)
How to use: A histogram of each bar spread is plotted as well. See where each histogram bar ends. For example, if it ends in the green area, this bar has a wide spread.
Added indicator: An ATR (14-period, adjustable) is plotted as a black line for your reference. May be used for stops. Otherwise, it is not necessary for VSA.
Feedback and suggestions for improvement are welcome.
リリースノート
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This version added:
1. Spread histogram consists of 2 colors: Black for spread of the current bar (true range) and Orange for body only spread. 2. Color background shows where the spread of the current bar falls in relation to a simple moving average of the spread (14 period, adjustable). The blue zone is 0.8 of the spread SMA or lower (very low spread), yellow for 0.8 and 1.3 of the SMA (normal spread), green for 1.3 and 2 of the SMA (high spread, healthy), red for 2 and 3 (very high spread). Anything above red can be considered ultra wide spread. 3. Black line for ATR.
Not all information may be important for developing a trading strategy, but for pure spread analysis (even if only theoretical) every bit of information on display is useful when coupled with volume analysis and analysis of bar shapes.
is this a volume indicator?? could you please make volume indicator like this please..
HumbleDumbell
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@mytrading49, Hi, The volume indicator already exists and it is on TradingView. Search for Volume spread for VSA by HariprasathGopal. I borrowed his script to create this indicator. Instead of volume, it measures spread. The volume and this spread indictor can, or some may insist should, be used in tandem for VSA.
aahsan
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hi humble where to find this
HumbleDumbell
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@aahsan, Hi, sorry for the late reply. Didn't notice any notification for the comment. Could you please rephrase your question? What do you mean by "this"?
HumbleDumbell
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Gosh, I forgot that TradingView is using my current screen as a screenshot. Please ignore what you see on the screen. The indicator is mixed with a volume indicator, so it's super confusing...
dee718
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is there a way, if not already, to be warned of market low volume testing?
HumbleDumbell
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@dee718, None that I know of on tradingview. There are commercial indicators on other platforms, though. I have been trying to code something like this into another indicator of mine adapting it to the btc market, but it takes a lot of time as I am not doing any automated backtesting and am literally testing it manually as time goes.
@HumbleDumbell, The lazy bear support and resistance volume indicator is actually really useful in ID'ing tests/strength/weakness if you do VSA/Wyckoff.. i think its free for a month and then you have to subscribe. FYI.. Thanks again sir!
HumbleDumbell
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@dee718, Thanks. I will take a look. I am more of a DIY person, but I always learn from others)
could you please make volume indicator like this please..