cybernetwork

Candle Volatility Index

I am not certain if something similar is already available out there. However, here's my own implementation of my simple idea of using the length of the candle-body or wicks (high-low) to derive a Volatility Index/Oscillator.

I intent to later use this to filter out signals in my Buy/Sell suggestion/strategy scripts during periods of low volatility .

If you do wish to copy, modify, and publish an alternate version base on this script, please do not plagiarize and kindly reference/link back to this original script. =D

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Note:
In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment decisions and trades.
Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.


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Please check out my other indicators sets and series, e.g.
  • LIVIDITIUM (dynamic levels),
  • AEONDRIFT (multi-levels standard deviation bands),
  • FUSIONGAPS (MA based oscillators),
  • MAJESTIC (Momentum/Acceleration/Jerk Oscillators),
  • PRISM (pSAR based oscillator, with RSI/StochRSI as well as Momentum/Acceleration/Jerk indicators),
  • PDF ( parabolic SAR /w HighLow Trends Indicator/Bar-color-marking + Dynamic Fib Retrace and Extension Level)
  • and more to come.
Constructive feedback and suggestions are welcome.

If you like any of my set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D
cybernetwork @ EOS
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1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH
AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO
rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP
0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH
GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM
xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano

~JuniAiko
(=^~^=)v~
Sep 08
ملاحظات الأخبار: Added CVI-squaring option.
Sep 08
ملاحظات الأخبار: In summary: If the CVI is significantly positive, it indicates a highly volatile market; While if the CVI is significantly negative, it indicates that the market may be in a low-volatility period.
Sep 08
ملاحظات الأخبار: Significant update to improve compatibility with low volume charts.
Sep 08
ملاحظات الأخبار: Added inputs descriptions.
Sep 09
ملاحظات الأخبار: Tweaked default parameters.
Introduced CVI smoothing.
Squared-plot feature removed.
Sep 09
ملاحظات الأخبار: Introduced CVI Map to allow easier visualization of CVI state (needs to be manually enabled).
Sep 09
ملاحظات الأخبار: Allow users to enable plotting CVI in terms of %s (small difference in log-plots).
Sep 09
ملاحظات الأخبار: ABANDONED SCRIPT

Republished as "Relative Candle Volatility Index" for a more precise name + the abbreviated, "RCVI", is presently not already being used by any other popular indicators.
Sep 10
ملاحظات الأخبار: Please switch to using the renamed and republished script instead. :)
إزالة من البرامج النصية المفضلة أضف إلى البرامج النصية المفضلة
Invite only scripts access info: https://steemit.com/tradingview/@aeondrift/tv-scripts
{PM me in TradingView to arrange subscription access}
NOTICE:

This script is now republished as "Relative Candle Volatility Index" for a more precise name + the abbreviated, "RCVI", is presently not already being used by any other popular indicators.
رد
This looks interesting, thanks for sharing!
+1 رد
@wroclai, Thanks! I will continue to test and improve upon it as I try to apply it to my own small or paper trades. :)
رد
Hi... @cybernetwork , how to use...?
رد
Hi @MrMama, I'm planning to implement this on my Buy/Sell suggestion/strategy scripts to identify low volatility periods where they are prone to false positives.
However in summary, if the CVI is significantly positive, it indicates a highly volatile market. While if the CVI is significantly negative, it indicates that the market may be in a low-volatility period.
رد
الصفحة الرئيسية منصة الأسهم منصًة العملات منصّة العملات الرقمية جدول الأعمال الاقتصادي برامج تعليمية كيف نعمل مميزات الرسم البياني أسعار العضوية قوانين الموقع المشرفون حلول المواقع الإلكترونية والوسطاء الأدوات حلول الرسوم البيانية مكتبة الرسوم البيانية صغيرة الحجم مركز المساعدة إحالة صديق طلب الخصائص المدوّنة والأخبار تويتر
الملف الشخصي إعدادات الصفحة الشخصية الحساب وإعداد الفواتير إحالة صديق تذاكر الدعم الخاصة بي مركز المساعدة التحاليل المنشورة المتابعين تتابع رسالة خاصة المحادثة تسجيل الخروج