Simple test of volume based trend following strategy
Version: 0.1
Monthly profit: ~20%
Commission not considered
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Volume histogram:
// If Volume is less then the previous 20 intervals, Volume is gray.
// If Volume is greater then the previous 40 intervals, Volume is black.
// If Volume is less then the previous 2 intervals, Volume is purple.
// If Volume is less then the previous, Volume is red.
// If Volume is greater then the previous, Volume is blue.
// Other - white.
//...
The indicator estimates the money volume of a certain bar.
The indicator gives control if to present the volume by units / by money
The indicator gives control if to color differently bars that the price increased / decreased and if the volume support the price movement
The Bollinger Band was operated on the On balance Volume indicator. The standard deviations were aimed at generating a signal about the volume when they moved out of the bottom and top lines.
On balance Volume indikatörünün üstünde Bollinger Bant çalıştırıldı. Standart Sapma alt & üst çizgileri dışına taşmalarda, hacim konusunda sinyal üretmesi amaçlandı.
This version of level is designed for stocks that have not existed long enough to qualify for our standard arbitrage level formula.
It also can be used on shorter time periods to show entries for day trades or swing trades.
Enjoy
Este es uno de los indicadores del genial Blai5, modificado y adaptado para TradingView.
De forma muy resumida, este indicador muestra la velocidad con la que cambia el volumen de negociación de la mano fuerte y la mano débil.
En palabras del autor, " el objetivo de todo este esfuerzo era conseguir, con un golpe de vista y en un sólo gráfico, "CONCORDAR" el...
The theory behind the indexes is as follows: On days of increasing volume,
you can expect prices to increase, and on days of decreasing volume, you can
expect prices to decrease. This goes with the idea of the market being in-gear
and out-of-gear. Both PVI and NVI work in similar fashions: Both are a running
cumulative of values, which means you either...
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