Adaptive Momentum Channel - [Volume Filter]

The Adaptive Momentum Channel with Volume Filter (Adaptive MCVF) is an indicator that utilizes an adaptive RSI to adjust its sensitivity based on the market conditions. The RSI component of the indicator calculates the standard deviation and mean deviation of RSI values and uses these to calculate the adaptive RSI. The volume filter component of the indicator filters the adaptive RSI based on the volume average, allowing the indicator to identify trend changes and filter out market noise.

The indicator plots the upper and lower bands of the Adaptive MCVF, which are calculated by taking the moving average of the filtered RSI and applying an offset based on the standard deviation. A fast moving average is also plotted, which can be used to identify short-term changes in the trend.

The Adaptive MCVF also includes a divergence identification feature, which can be used to identify potential trend changes. The indicator plots regular bullish and bearish divergences, as well as hidden bullish and bearish divergences.

This is a variant of my previous MCVF indicator, this one simply allows you to take the standard deviation of the momentum and use it to make the indicator a bit more adaptive!

I made it protected to hide the standard deviation math and the auto divergence code.

You can always use this indicator by pressing "favorite";)

Nota Keluaran:

Made formal alertconditions for long and short signals and an updated color theme
Slight change in the sensitivity in regards to the standard deviations from norm

Nota Keluaran:

Updated a mistake where the std bands would still move, even without sufficient volume.