Effectiveness is the % change in price for each single unit of on the associated candle. The value can be positive or negative, but there is an option to just monitor an absolute value.
- Toggle if Effectiveness should be an absolute value
- Toggle visibility of bars
- of Effectiveness
- Adjustable period on the
- Several moving average types available to use for the
- Toggle visibility of
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
Quick question: In a Volume indicator with Simple Moving Average of 9 (any value). Is there a way to identify a crossover between the Volume bar and the volume moving average.
I am trying to work a strategy with Volume and its moving average. The idea is to buy on green candle crossover and sell on red crossover. Thanks