VEMA_LTF

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VEMA indicator is based on lower time frame volume data and it has 3 lines.
20, 50, 100 moving averages of the close price in each candle with the highest volume.

Effectively working fine and hence sharing.
Will Add more information with examples in next update

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ملاحظات الأخبار

The script changed from a default 10-second time frame to 1-minute time frame.

In case our subscription to TV supports sec based time frame - please set it to 10 sec.

In general observation on any time frame:

If the price crosses all three lines and closes above or below 20-VEMA, we can see good movement in the same direction in short period of time.



Analyze more charts with different time frames along with your favorite indicator and VEMA lines.

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ملاحظات الأخبار

Minor correction as per coding guidelines