FCPO - NSawit ACV+ V4.2 Delayed Oscillator

ACV+
Accumulated Volume + (ACV+) is a tools that combine Relative Strength of volume and price together to evaluate Overbought and Oversold conditions.
•Yellow line - represent the Relative Strength of price movement.
•Purple line - represent the Relative Strength of volume changes.

Market Evaluation
ACV+ is displayed as an oscillator and can have a reading between 0 - 100. The size and color contribute to the analysis.

Size
•Big size - price movement and volume changes move away from each other which shows uncertainty of the direction.
•Small size - price movement and volume changes move along together which shows unity in term of direction.

Color
Red = Downtrend
•Dark Red - purple line ( Volume changes) moving down above yellow line (Price movement)
•Light Red - yellow line (Price movement) moving down above purple line ( Volume changes)

Green = Uptrend
•Dark Green - yellow line (Price movement) moving up above purple line ( Volume changes)
•Light Green - purple line ( Volume changes) moving up above yellow line (Price movement)

Recommended Timeframe
TF 30second (Confirmation TF)
TF 1min (Primary TF)
TF 3min (Confirmation TF)