Effective Volume (Weighted by candle pattern)
This is a indicator using candle : wick ratio to obtain a weighted volume.
useful for trader using volume-price action strategy.
the mechanism is easy:-
when it is full bullish / full bearish bar, the weighted volume exactly equal to the volume itself.
when it is a total wick bar , the weighted volume will be half of that time-frame volume
the weighted formula is simple mathematics due to body : wick ratio.
However, I find that it useful for me.
useful for trader using volume-price action strategy.
the mechanism is easy:-
when it is full bullish / full bearish bar, the weighted volume exactly equal to the volume itself.
when it is a total wick bar , the weighted volume will be half of that time-frame volume
the weighted formula is simple mathematics due to body : wick ratio.
However, I find that it useful for me.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.