Diupdate
Volume Price Confirmation Indicator by 2tm
This script is based on Buff Pelz Dormeier’s article “Investing with Volume Analysus”
As you knows the Volume is the Only Indicator to prior Candles.
So, Lot's of CMT(Charted Market Technicians) invest the Volume Indicator and the Buff Dormeier's VPCI is very popular.
If you have interest let's prey to God Google then he'll be answered.
Anyway, The Basic Logic is this.
a. VPC=SUM(C*V,PERIOD)/SUM(V,PERIOD)-MA(C,PERIOD)
b. VPR= SUM(C*V,PERIOD)/SUM(V,PERIOD)/MA(C,PERIOD)
c. VM=AVG(V,PERIOD)/AVG(V,PERIOD*K)
d. VPCI=VPC*VPR*VM
Feel free to use my script.
As you knows the Volume is the Only Indicator to prior Candles.
So, Lot's of CMT(Charted Market Technicians) invest the Volume Indicator and the Buff Dormeier's VPCI is very popular.
If you have interest let's prey to God Google then he'll be answered.
Anyway, The Basic Logic is this.
a. VPC=SUM(C*V,PERIOD)/SUM(V,PERIOD)-MA(C,PERIOD)
b. VPR= SUM(C*V,PERIOD)/SUM(V,PERIOD)/MA(C,PERIOD)
c. VM=AVG(V,PERIOD)/AVG(V,PERIOD*K)
d. VPCI=VPC*VPR*VM
Feel free to use my script.
Catatan Rilis
Updates.I'd made great mistake at the Fomla and now I fixed it.
And I separated VPCI and VPCIS.
With that, now you can make a simple Buy/Sell strategy.
Also I added VPCI's Bollinger Bands
It's much helpful to track change of Volumes.
Catatan Rilis
UpdatesMinor Bug Fixed
Catatan Rilis
Minor Update.- I'd adjusted The Offset of Signal.
- Now you can choose what you want.
Catatan Rilis
Minor Bug Fixed
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.