Being a volume based oscillator this indicator allows for the detection of divergences between price action and volume, ideal for predicting reversals. As an oscillator you can choose the length of the fast & slow EMAs, and a signal line is provided for trend following.
Nota Keluaran
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-Updated to Pine V5
-Added option to normalize values using the long length as reference, enclosing most of the indicator values inside 2 standard deviations:
what a amazing indicator brother.. Awesome. but there is no alert system? Can you please alert system in this indicator? & a dot when CVO crossover Signal lines? Thank you! 🙌🙌
pipstudio
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Can You help us to adjust the settings? Thanks. I don't receive always the beautiful panel you have.
Jaivanth
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With the option of CVD (cumulative volume Delta with signal length as 5) the crossover trade, with entry being 50 ema confirmation, the trades are mostly successful in high volatile stocks... Thanks for the oscillator script...
ikpankov
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@Jaivanth, please help me, what values do I need to insert? Signal - 5, EMA 1 leight - 8, EMA 1 leight - 21?