Volatility Finite Volume Elements Strategy The FVE is a pure volume indicator. Unlike most of the other indicators
(except OBV), price change doesn?t come into the equation for the FVE
(price is not multiplied by volume), but is only used to determine whether
money is flowing in or out of the stock. This is contrary to the current trend
in the design of modern money flow indicators. The author decided against a
price-volume indicator for the following reasons:
- A pure volume indicator has more power to contradict.
- The number of buyers or sellers (which is assessed by volume) will be the same,
regardless of the price fluctuation.
- Price-volume indicators tend to spike excessively at breakouts or breakdowns.
This study is an addition to FVE indicator. Indicator plots different-coloured volume
bars depending on volatility.
You can change long to short in the Input Settings
Please, use it only for learning or paper trading. Do not
Volume
Volatility Finite Volume Elements Backtest This version has an important enhancement to the previous one that`s
especially useful with intraday minute charts.
Due to the volatility had not been taken into account to avoid the extra
complication in the formula, the previous formula has some drawbacks:
The main drawback is that the constant cutoff coefficient will overestimate
price changes in minute charts and underestimate corresponding changes in
weekly or monthly charts.
And now the indicator uses adaptive cutoff coefficient which will adjust to
all time frames automatically.
You can change long to short in the Input Settings
Please, use it only for learning or paper trading. Do not for real trading.
Negative Volume Index Backtest The theory behind the indexes is as follows: On days of increasing
volume, you can expect prices to increase, and on days of decreasing
volume, you can expect prices to decrease. This goes with the idea of
the market being in-gear and out-of-gear. Both PVI and NVI work in similar
fashions: Both are a running cumulative of values, which means you either
keep adding or subtracting price rate of change each day to the previous day`s
sum. In the case of PVI, if today`s volume is less than yesterday`s, don`t add
anything; if today`s volume is greater, then add today`s price rate of change.
For NVI, add today`s price rate of change only if today`s volume is less than
yesterday`s.
You can change long to short in the Input Settings
Please, use it only for learning or paper trading. Do not for real trading.
Free Strategy #08 (Combo of #01 and #02) (ES / SPY)This strategy was designed to be traded on daily data on the ES and SPY—the strategy was originally developed for NinjaTrader, which displays daily ES data based on RTH hours instead of 24 hours (1440 minute) like TradingView does, so we are presenting the results on the SPY until we figure out how to overcome this hurdle.
The strategy combines the two ideas from strategy #01 and strategy #02 .
Strategy #08
Quantity 100
Slippage: 2 ticks
Commission: 4.95 per order
Net Profit: 26,044.60
Max Drawdown: 3,947.60
Buy and Hold (Custom)
Quantity 100
Slippage: 2 ticks
Commission: 4.95 per order
Entry Long: 1993-02-01 @ 43.99
Exit Long: 2017-07-28 @ 246.34
Net Profit: 20,225.10
Max Drawdown: 9,042.00
Free Strategy #01 (ES / SPY)The strategy was designed to be traded based on daily data on the ES and SPY--the strategy was originally developed on NinjaTrader using approximately 50% out of sample data with a slippage of 1 tick on the ES. This is our first strategy that we converted from NinjaTrader to TradingView, so if you see any issues with our conversion, please let us know as we are still learning TradingView Pine Script.
Put/call ratio cross - buy and sell SPYWhen 50DMA and 200DMA cross on PC, algo trades SPY accordingly
4MA StrategyUses 4 Ma cross...
Double Hull Moving Averages
Volume Weighted Moving Average
Weighted Moving Average
<<<<< by SeaSide420 >>>>>>
