Larry Williams POIV A/D [tradeviZion]

Larry Williams' POIV A/D [TradeVizion] - Release Notes v1.0
=================================================
Release Date: 01 April 2025

OVERVIEW
--------
The Larry Williams POIV A/D (Price, Open Interest, Volume Accumulation/Distribution) indicator implements Williams' original formula while adding advanced divergence detection capabilities. This powerful tool combines price movement, open interest, and volume data to identify potential trend reversals and continuations.

FEATURES
--------
- Implements Larry Williams' original POIV A/D formula
- Divergence detection system:
* Regular divergences for trend reversal signals
* Hidden divergences for trend continuation signals
- Fast Mode option for earlier pivot detection
- Customizable sensitivity for divergence filtering
- Dynamic color visualization based on indicator direction
- Adjustable smoothing to reduce noise
- Automatic fallback to OBV when Open Interest is unavailable

FORMULA
-------
POIV A/D = CumulativeSum(Open Interest * (Close - Close[1]) / (True High - True Low)) + OBV

Where:
- Open Interest: Current period's open interest
- Close - Close[1]: Price change from previous period
- True High - True Low: True Range
- OBV: On Balance Volume

DIVERGENCE TYPES
---------------
1. Regular Divergences (Reversal Signals):
- Bullish: Price makes lower lows while indicator makes higher lows
- Bearish: Price makes higher highs while indicator makes lower highs

2. Hidden Divergences (Continuation Signals):
- Bullish: Price makes higher lows while indicator makes lower lows
- Bearish: Price makes lower highs while indicator makes higher highs

REQUIREMENTS
-----------
- Works best with futures and other instruments that provide Open Interest data

- Automatically adapts to work with any instrument by using OBV when OI is unavailable


USAGE GUIDE
-----------
1. Apply the indicator to any chart
2. Configure settings:
- Adjust sensitivity for divergence detection
- Enable/disable Fast Mode for earlier signals
- Customize visual settings as needed
3. Look for divergence signals:
- Regular divergences for potential trend reversals
- Hidden divergences for trend continuation opportunities
4. Use the alerts system for automated divergence detection


KNOWN LIMITATIONS
----------------
- Requires Open Interest data for full functionality
- Fast Mode may generate more signals but with lower reliability

ACKNOWLEDGEMENTS
---------------
This indicator is based on Larry Williams' work on Open Interest analysis. The implementation includes additional features for divergence detection while maintaining the integrity of the original formula.