ucsgears

UCSgears_Transaction Valuation Index

This is an indicator, That works great in a wip-saw market range. Would not use this to trade in a breakout.
I am calling it the "Transaction Value Index (UCS_TVI)", The reason is because, it measure where the price currently from the mean trade value.

The cross represents the highest trade value on that day, circle represents the lowest trade value.
In other words, Top and bottom of the candle wicks, in relation to the mean trade value ( MTV ).

Watchout for Further Updates on Optimizing this indicator.

DO NOT CONFUSE IT WITH FUNDAMENTAL VALUATION, THIS IS PURELY TECHNICAL VALUATION TECHNIQUE

As Usual, Good Luck

List of All my Indicators - https://www.tradingview.com/p/stocks/?so...
Von Favorisierten Skripten entfernen Zu Favorisierten Skripten hinzufügen
// Created by UCSgears, Inspired from the Value Bands published recently
// Also Inspired from the Hubert Senters "Death of Fundamentals" Webinar

study(title="UCS_Transaction Value Index", shorttitle="UCS_TVI", overlay=false)
// INPUT
lbl = input(5, minval=1, title="Look Back Period Length")
sd = input(0.25, minval=0.1, title = "Zone Multiplier")

// Transaction Value Index
tvic = ((close-(sma(close,lbl)))/sma(tr, lbl))/sd
tvih = ((high-(sma(close,lbl)))/sma(tr, lbl))/sd
tvil = ((low-(sma(close,lbl)))/sma(tr, lbl))/sd
// Horizontal Lines for Zone Seperation
h0=hline(0, "Zero Line", gray, solid, 1)
h1=hline(+5, "Fair Value Top", green, solid, 3)
h2=hline(-5, "Fair Value Bottom", green, solid, 3)
h3=hline(+10, "Over Value", orange, dashed, 1)
h4=hline(-10, "Under Value", orange, dashed, 1)
h5=hline(+15,"Extremely Over Value", red, dashed, 2)
h6=hline(-15,"Extremely Under Value", red, dashed, 2)
fill(h1,h2, green, 80, "Fair Value Zone")
fill(h1,h3, orange, 80, "Over Value Zone")
fill(h3,h5, red, 80, "Extremely Over Value Zone")
fill(h2,h4, orange, 80, "Under Value Zone")
fill(h4,h6, red, 80, "Extremely Under Value Zone")
// TVI for High, Low and Close
plot(tvic, color=blue, title = "TVI - Close", style = linebr, linewidth = 2)
plot(tvih, color=gray, title = "TVI - High", style=cross, linewidth = 2)
plot(tvil, color=gray, title = "TVI - Low", style=circles, linewidth = 2)

Kommentare

Works great on Forex markets!
Antworten
I am working on revising this index. Currently this shows the Levels. Instead I am planning to revise it to show the price and create a dynamic levels. So at a glance we can find how far away the price has moved from the mean. And few more cosmetics.
Antworten
Nice. Very smart tool!
Antworten
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Preise Einen Freund empfehlen Hausregeln Hilfe Center Webseite & Brokerlösungen Widgets Charting Lösungen Lightweight Charting Library Blog & News Twitter
Profil Profileinstellungen Konto und Abrechnung Angeworbene Freunde Coins Meine Support Tickets Hilfe Center Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden