(except OBV), price change doesn?t come into the equation for the FVE (price
is not multiplied by ), 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 indicators. The author decided against a price-volume
indicator for the following reasons:
- A pure indicator has more power to contradict.
- The number of buyers or sellers (which is assessed by ) will be the same,
regardless of the price fluctuation.
- Price-volume indicators tend to spike excessively at breakouts or breakdowns.
You can change long to short in the Input Settings
- For purpose educate only
- This script to change bars colors.