DVI Bands

2020년 7월 18일

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.

2020년 7월 18일

릴리즈 노트

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

2020년 7월 18일

릴리즈 노트

Adjusted markers plot position.

2020년 7월 20일

릴리즈 노트

Changed default analysis length.

2020년 7월 21일

릴리즈 노트

Adjusted size and transparency of crossover markers.

2020년 7월 25일

릴리즈 노트

Updated vwma smoothing default.

2020년 8월 3일

릴리즈 노트

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

2020년 8월 3일

릴리즈 노트

Added linreg carrier mode.