The Buff Averages were created by Buff Dormeier (Stocks and Commodities Feb 2001) and this is another hidden gem that is a combo of a volume weighted indicator and a moving average crossover system. It uses a special method to calculate the weighting based on volume. The colored line (fast buff) will follow the price closely and you use the other line to act as a...
Written by Bruce-JSH Implemented MFI(Market Facilitation Index) of Buff Dormeier no license, no copyright. There are no obligations or restrictions on you no matter how you do this script. version 2021.07.11.a 1. First public release 2. G => Green(++), D => faDe bar(--), K => faKe bar(-+), S => Squat bar(+-)
version 1.1 I implemented Volume Price Confirmation Indicator (VPCI), invented by Buff Dormeier. I applied the logic in the book "Investing with Volume Analysis". Like MACD, it can also be used as a divergence or convergence method. The default value of whether to use this function is off. Gold cross and dead cross points can also be marked. The default in this...