DVI Bands

١٨ يوليو ٢٠٢٠

A new idea of mine that I am presently experimenting on for my trades.

The DVI bands is based on my previously published DVI script:

The Directional Volume Index (DVI) is defined as follows:
DVI = VWMA (len1) - SMA (len2), where by default, len1==len2

• The position of the DVI above/below the current price provides volume confirmation of the direction of the price trend.
  
• The magnitude of the DVI above/below the current price provides the volume confirmation of the strength of the price trend.
  

The stdev band is derived from the DVI where:

* The DVI piercing the Stdev boundary suggests a significant move in the corresponding direction.
* Tightening of the DVI-Stdev bands can suggest the possible incoming of major move ahead.


The novel aspects and principles of this indicator and this source code are the property of © cybernetwork.

١٨ يوليو ٢٠٢٠

ملاحظات الأخبار

• Introduced markers to indicate points where the DVI pierces above/below the upper/lower DVI-Band.
  

١٨ يوليو ٢٠٢٠

ملاحظات الأخبار

Adjusted markers plot position.

٢٠ يوليو ٢٠٢٠

ملاحظات الأخبار

Changed default analysis length.

٢١ يوليو ٢٠٢٠

ملاحظات الأخبار

Adjusted size and transparency of crossover markers.

٢٥ يوليو ٢٠٢٠

ملاحظات الأخبار

Updated vwma smoothing default.

٣ أغسطس ٢٠٢٠

ملاحظات الأخبار

Script now allows users to select the carrier MA mode onto which the DVI is superimposed.

٣ أغسطس ٢٠٢٠

ملاحظات الأخبار

Added linreg carrier mode.