LazyBear

Volume Flow Indicator [LazyBear]

VFI,introduced by Markos Katsanos, is based on the popular On Balance Volume (OBV) but with three very important modifications:

* Unlike the OBV, indicator values are no longer meaningless. Positive readings are bullish and negative bearish .
* The calculation is based on the day's median (typical price) instead of the closing price.
* A volatility threshold takes into account minimal price changes and another threshold eliminates excessive volume .

A simplified interpretation of the VFI is:
* Values above zero indicate a bullish state and the crossing of the zero line is the trigger or buy signal.
* The strongest signal with all money flow indicators is of course divergence.

I have exposed options to plot a signal EMA . All parameters are configurable.

Markos suggests using 0.2 coeff for day trading and 0.1 for intra-day.

More info:
http://www.precisiontradingsystems.com/V...
סקריפט קוד פתוח

ברוח TradingView אמיתית, מחבר סקריפט זה פרסם אותו עם קוד פתוח, כך שסוחרים יוכלו להבין ולאמת זאת. הידד למחבר! אתה יכול להשתמש בו בחינם, אך שימוש חוזר בקוד זה בפרסום הנו בכפוף ל כללי הבית . אתה יכול להגדירו כמועדף ולהשתמש בו בגרף.

רוצה להשתמש בסקריפ זה בגרף?
//
// @author LazyBear
//
// If you use this code in its original/modified form, do drop me a note. 
//

study(title = "Volume Flow Indicator [LazyBear]", shorttitle="VFI_LB")

length = input(130, title="VFI length")
coef = input(0.2)
vcoef = input(2.5, title="Max. vol. cutoff")
signalLength=input(5)
smoothVFI=input(false, type=bool)

ma(x,y) => smoothVFI ? sma(x,y) : x

typical=hlc3
inter = log( typical ) - log( typical[1] )
vinter = stdev(inter, 30 )
cutoff = coef * vinter * close
vave = sma( volume, length )[1]
vmax = vave * vcoef
vc = iff(volume < vmax, volume, vmax) //min( volume, vmax )
mf = typical - typical[1]
vcp = iff( mf > cutoff, vc, iff ( mf < -cutoff, -vc, 0 ) )

vfi = ma(sum( vcp , length )/vave, 3)
vfima=ema( vfi, signalLength )
d=vfi-vfima

plot(0, color=gray, style=3)
showHisto=input(false, type=bool)
plot(showHisto ? d : na, style=histogram, color=gray, linewidth=3, transp=50)
plot( vfima , title="EMA of vfi", color=orange)
plot( vfi, title="vfi", color=green,linewidth=2)
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

תגובות

great work man. just discovering your stuff! whats the best timeframe to use this on anyone? 1hr looks sweet so far
+143 השב
bhupo420 cantchangehandle
+10 השב
great indicator i was wondering which input parameters are best used for 1 min charts?
+74 השב
is the histogram showing momentum?.
+47 השב
Hello, Thank you for this awesome indicator.

I am just curious, why I am not able to see the grey histogram. I can only see the green and orange lines crossing each other.

I am using google chrome.
+27 השב
@AshishF, you need to check the histogram box in the inputs in the indicator settings
+7 השב
gmeneguzzo AshishF
@AshishF, same here
השב
Thanks Lazybear, I am using your Better Volume color bar to combine with some of my own scripts, so that I can fit more indicators onto my plot.

Thank you!
+8 השב
Sir pls explain why you choose 130 length and what is coef and what is Max. vol cutoff ??????
+6 השב
Edstar3000 rajsanghani82
@rajsanghani82, did you find an anwer?
השב