Parabolic Volume Volatility indicator

22 באפר׳ 2020

I developed this indicator to study the relationship of high-close AND close-low movement within each cadlestick. Next, I apply those figures in 3 volume weighted moving averages. The green one is the shortest average, followed by the blue histogram, then the red one. The settings are a fibonacci span, but these can be changed to suit. The most interesting move of this indicator is when all 3 cross the zero line. (up or down) Also, if all of them remain either above or below the zero line, the market appears to continue it's behavior. I would love to hear your feedback. Thank you.