OPEN-SOURCE SCRIPT
SN Smoothed Balance of Power v2

Hi all,
here is an updated version of the indicator script I published yesterday.
The goal of this indicator is to try and find darkpool activity. The indicator itself is not enough to fully identify darkpool but it should be able to detect quiet accumulation. What makes this Balance of Power different from others on TV is that it is smoothed by using a moving average.
Notes:
- The values that are default are completely arbitrary except for the VWMA length (a 14-day period for the 1D chart is the norm). For instance the limit where it shows red/green I picked because it works best for the 1D chart I am using. Other TF's and charts will need tweaking of all the values you find in the options menu to get the best results.
- I modified the indicator such that it is usable on charts that do not show volume. HOWEVER, this chart is default to NYMEX: CL1!. To get different volume data this needs to be changed in the option menu.
- I am in no way an expert on darkpool/HFT trading and am merely going from the information I found on the internet. Consider this an experiment.
Credits:
- Lazybear for some of the plotting-code
- Igor Livshin for the formula
- TahaBintahir for the Symbol-code (although I'm not sure who the original author is...)
here is an updated version of the indicator script I published yesterday.
The goal of this indicator is to try and find darkpool activity. The indicator itself is not enough to fully identify darkpool but it should be able to detect quiet accumulation. What makes this Balance of Power different from others on TV is that it is smoothed by using a moving average.
Notes:
- The values that are default are completely arbitrary except for the VWMA length (a 14-day period for the 1D chart is the norm). For instance the limit where it shows red/green I picked because it works best for the 1D chart I am using. Other TF's and charts will need tweaking of all the values you find in the options menu to get the best results.
- I modified the indicator such that it is usable on charts that do not show volume. HOWEVER, this chart is default to NYMEX: CL1!. To get different volume data this needs to be changed in the option menu.
- I am in no way an expert on darkpool/HFT trading and am merely going from the information I found on the internet. Consider this an experiment.
Credits:
- Lazybear for some of the plotting-code
- Igor Livshin for the formula
- TahaBintahir for the Symbol-code (although I'm not sure who the original author is...)
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.