OPEN-SOURCE SCRIPT
Analysis of trend and volume dispersion
Volume trend and dispersion analysis is a data model; remember that the model is a map, not the earth. The best are the supports and resistances, this is an auxiliary, a thermometer.
The price is modeled with volume and a seasonal adjustment.
It is an effort to use simple and efficient RSI without much noise and with seasonally adjusted values; in addition, it is designed to be used with long-term investments.It is a very simple seasonal adjustment, the price is passed through a Gaussian filter with symmetrical impulse response and compared to its flow during the year.In the example shown with a moving average, the colors show the price versus the seasonal price, that is, if the trend is accelerating or slowing down versus the year.
Comments <- are always welcome
Finally, this "indicator" is subject to terms and conditions if that is not contrary to tradingview policy.
Original By david Ochoa at TradingView Site;
+ It can be distributed, modified or inspired for free including its variants and material for which it has served as inspiration ALWAYS mentioning tradingview and the author ...
+ Can be used without warranty for damages, injury or trauma
+ Can be used for -your personal business- with this exceptions:
+ CanNOT be sold
+ CanNOT be modified or inspired for variants and take credit
The price is modeled with volume and a seasonal adjustment.
It is an effort to use simple and efficient RSI without much noise and with seasonally adjusted values; in addition, it is designed to be used with long-term investments.It is a very simple seasonal adjustment, the price is passed through a Gaussian filter with symmetrical impulse response and compared to its flow during the year.In the example shown with a moving average, the colors show the price versus the seasonal price, that is, if the trend is accelerating or slowing down versus the year.
Comments <- are always welcome
Finally, this "indicator" is subject to terms and conditions if that is not contrary to tradingview policy.
Original By david Ochoa at TradingView Site;
+ It can be distributed, modified or inspired for free including its variants and material for which it has served as inspiration ALWAYS mentioning tradingview and the author ...
+ Can be used without warranty for damages, injury or trauma
+ Can be used for -your personal business- with this exceptions:
+ CanNOT be sold
+ CanNOT be modified or inspired for variants and take credit
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