OPEN-SOURCE SCRIPT
Telah dikemas kini Relative Candle Volatility Index
I am not certain if something similar is already available out there. However, here's my own implementation of my simple idea of using the length of the candle-body, or wicks (high-low), to derive a Relative Volatility Index / Oscillator.
In summary: When the R.CVI is significantly positive, it indicates a sudden increase in volatility; whereas, when the R.CVI drops significantly negative, it indicates a sudden decrease in volatility -- in relative to the (just prior) market trend.
If you do wish to copy, modify, and publish an alternate version base on this script, please do not plagiarize and kindly reference/link back to this original script. =D
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Note:
In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment decisions and trades.
Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.
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Please check out my other indicators sets and series, e.g.
Constructive feedback and suggestions are welcome.
~JuniAiko
(=^~^=)v~
In summary: When the R.CVI is significantly positive, it indicates a sudden increase in volatility; whereas, when the R.CVI drops significantly negative, it indicates a sudden decrease in volatility -- in relative to the (just prior) market trend.
If you do wish to copy, modify, and publish an alternate version base on this script, please do not plagiarize and kindly reference/link back to this original script. =D
~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~
Note:
In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment decisions and trades.
Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.
~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~
Please check out my other indicators sets and series, e.g.
- LIVIDITIUM (dynamic levels),
- AEONDRIFT (multi-levels standard deviation bands),
- FUSIONGAPS (MA based oscillators),
- MAJESTIC (Momentum/Acceleration/Jerk Oscillators),
- PRISM (pSAR based oscillator, with RSI/StochRSI as well as Momentum/Acceleration/Jerk indicators),
- PDF (parabolic SAR /w HighLow Trends Indicator/Bar-color-marking + Dynamic Fib Retrace and Extension Level)
- and more to come.
Constructive feedback and suggestions are welcome.
~JuniAiko
(=^~^=)v~
Nota Keluaran
Adjusted colors for better contrast, and updated titles.Nota Keluaran
Enable/Disable bar-coloring based on RCVI-state.QUICK GUIDE:
Nota Keluaran
See also Relative Candle Volatility & Directionality Index -- an enhanced (closed-source) implementation of the Relative Candle Volatility Index (RCVI), with a Relative Candles Directionality Index (RCDI) added.
Nota Keluaran
Introduced a RCVI-softening factor.Nota Keluaran
Added script header.Nota Keluaran
Updated script header.Nota Keluaran
Plot titles are now made more descriptive to make it easier to define Alerts.Conditions base on the RCVI were implemented in my Strategies, which have substantially boosted their profitability, viz.:
- Increasing trading activities when RCVI is above the upper threshold.
- Stop all trading activities when RCVI is below the lower threshold.
See also:
AEONDRIFT-K
Nota Keluaran
Allow user to choose if they wish to enable/disable clipping of RCVI between 1 and -1.Nota Keluaran
Introduced RCVI % rescaling.Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.