OPEN-SOURCE SCRIPT

UCSgears_Transaction Valuation Index

This is an indicator, That works great in a wip-saw market range. Would not use this to trade in a breakout.
I am calling it the "Transaction Value Index (UCS_TVI)", The reason is because, it measure where the price currently from the mean trade value.

The cross represents the highest trade value on that day, circle represents the lowest trade value.
In other words, Top and bottom of the candle wicks, in relation to the mean trade value (MTV).

Watchout for Further Updates on Optimizing this indicator.

DO NOT CONFUSE IT WITH FUNDAMENTAL VALUATION, THIS IS PURELY TECHNICAL VALUATION TECHNIQUE

As Usual, Good Luck

List of All my Indicators - tradingview.com/p/stocks/?sort=recent&time=day&by=ucsgears

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