This indicator should be more accurate than other indicators in its class (including MFI, CMF, ADL, and OBV) for measuring buy/sell pressure, identifying trend change through divergence and calculating Accumulation/Distribution (A/D) level (I will explain why in a separate TA).
This indicator is based on my previous indicator "Accumulation/Distribution Volume"....
I use this script to find divergence in price. It's just a volume weighted MACD that uses an exponential moving average as the signal. My setting is always on (5,13,8).
This is a simple yet powerful indicator that can replace volume, Money Flow, Chaikin Money Flow, Price Volume Trend (PVT), Accumulation/Distribution Line (ADL), On Balance Volume (OBV).
When "Baseline Chart" option is disabled, it looks similar to regular volume. The volume bars has two shades of green and red. The dark shade shows amount of accumulation and the...
This tracks a simple moving average (default length 14, can change in settings) of all USD pairs on GDAX.
One could easily add BTC-ALT pairs or EUR pairs, it would just mean more bandwidth and time to load. This gives you the gist and the speed.
Thx 'team' for the thought.
TL;DR: change the aggregation to EMA to achieve similar results to Twiggs Money Flow. Play with the rest of parameters to get the desired results.
This script allows customization of CMF. It also includes all the improvements made by Twiggs Money flow.
Regular CMF does not take price gaps into account as you can see in the chart below. True range fixes this...
MFI with highlights when value is overbought/oversold and adjustable overbought/oversold thresholds. There is also an option to disregard candle wicks in the calculation in case that could be helpful.
MFI with highlights when value is overbought/oversold and adjustable overbought/oversold thresholds. There is also an option to disregard candle wicks in the calculation in case that could be helpful.
This is a simple indicator that calculates volume times price (money volume). Both asset volume and money volume are important indicators in TA. As you can see in the chart above, money volume (moving average) was increasing while the asset volume was not during late 2017. This could have led to wrong interpretations. Money volume becomes more important to...
The FVE is a pure volume indicator. Unlike most of the other indicators
(except OBV), price change doesn?t come into the equation for the FVE (price
is not multiplied by volume), but is only used to determine whether money is
flowing in or out of the stock. This is contrary to the current trend in the
design of modern money flow indicators. The author...
I was inspired by an article talking about volume confirmation on breakouts. I find volume in isolation to be misleading at times. But I do like the concept of VWAP. What if you had a moving average influenced by volume ( VWAP ), and another moving average not influenced by volume ( SMA ) both calculated using the same price inputs and period length. If you...
RSI is an indicator that is dependent only on price. I modified RSI to factor in volume as well. On BTC chart presented above, VFRSI is more accurate than RSI in detecting extreme conditions (green line is VFRSI). In some instances, it seems to be better than RSI in detecting divergences as well (scroll to March 2018).
In smaller time frames, it reduces the bart...
![BTCUSD: Accumulation/Distribution Money Flow [Cyrus c|:D]](https://s3.tradingview.com/x/xNwMiYef_mid.png "Accumulation/Distribution Money Flow [Cyrus c|:D]")
![XBTUSD.P: MFI (Money Flow Index) [m59]](https://s3.tradingview.com/s/sBJBzI0R_mid.png "MFI (Money Flow Index) [m59]")
![XBTUSD.P: MFI (Money Flow Index) [m59]](https://s3.tradingview.com/0/0ZilhTzK_mid.png "MFI (Money Flow Index) [m59]")
![SPY: [FT]volume confirmation](https://s3.tradingview.com/p/PlPH0w4F_mid.png "[FT]volume confirmation")
