OPEN-SOURCE SCRIPT
V/V weighted ma - JD
As a third new weighted moving average I present the Volume-Volatility Weighted Moving Average.
The Volume-Volatility Weighted Moving Average (VVwma) calculates the average price over a certain period,
weighted by both volume and volatilty, Big volume doesn't necessarily move price a lot but is very important,
big price moves don't always need big volume but also have a lot of importance!
In this indicator both big volume moves as well as big price moves are factored in to calculate the ma behaviour.
The ma has a tendancy to quickly give an indication of a ranging vs trending market by angle of the ma.
In ranging market it quickly flattens out and could be used to filter out insignificant low volume/volatility moves
compared to regular ma's or the standard volume weighted ma
Another use of it could be as entry/exit signals or
as a means of a trailing stop or a hard exit for a strategy or
as a "baseline" to combine with other signals
feel free to experiment!!!
If you use the VVwma in your scripts or your work, a shoutout would be nice!!
Gr, JD.
#NotTradingAdvice #DYOR
The Volume-Volatility Weighted Moving Average (VVwma) calculates the average price over a certain period,
weighted by both volume and volatilty, Big volume doesn't necessarily move price a lot but is very important,
big price moves don't always need big volume but also have a lot of importance!
In this indicator both big volume moves as well as big price moves are factored in to calculate the ma behaviour.
The ma has a tendancy to quickly give an indication of a ranging vs trending market by angle of the ma.
In ranging market it quickly flattens out and could be used to filter out insignificant low volume/volatility moves
compared to regular ma's or the standard volume weighted ma
Another use of it could be as entry/exit signals or
as a means of a trailing stop or a hard exit for a strategy or
as a "baseline" to combine with other signals
feel free to experiment!!!
If you use the VVwma in your scripts or your work, a shoutout would be nice!!
Gr, JD.
#NotTradingAdvice #DYOR
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Disclaimer.
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.
You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.
You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.