Relative Candle Volatility & Directionality Index

10. Sept. 2019

This is an enhanced (closed-source) implementation of the Relative Candle Volatility Index (RCVI), with a Relative Candles Directionality Index (RCDI) added.

• When the RCVI switch significantly positive, it indicates a sudden increase in volatility ; whereas, when the RCVI switch significantly negative, it indicates a sudden decrease in volatility -- in relative to the (just prior) market trend.
  
• A positive (green) RCDI indicates a net positive price trend, while a negative (red) RCDI indicates a net negative price trend.
  

Buy/Sell strategy circle-markers, derived base on the interaction between the RCVI and the RCDI , are also introduced in this edition.
The parameters should be manually "history-matched", for a particular chart and time-frame, for the best result.

RCVI QUICK GUIDE:


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Note:
In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment decisions and trades.
Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.

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Please check out my other indicators sets and series, e.g.

• LIVIDITIUM (dynamic levels),
  
• AEONDRIFT (multi-levels standard deviation bands),
  
• FUSIONGAPS (MA based oscillators),
  
• MAJESTIC (Momentum/Acceleration/Jerk Oscillators),
  
• PRISM (pSAR based oscillator, with RSI/StochRSI as well as Momentum/Acceleration/Jerk indicators),
  
• PDF (parabolic SAR /w HighLow Trends Indicator/Bar-color-marking + Dynamic Fib Retrace and Extension Level)
  
• and more to come.

Constructive feedback and suggestions are welcome.

~JuniAiko
(=^~^=)v~

10. Sept. 2019

Versionshinweise

Updated input descriptions.

10. Sept. 2019

Versionshinweise

Introduced RCVI- and RCDI-softening factors.

10. Sept. 2019

Versionshinweise

Refactored RCDI Script

11. Sept. 2019

Versionshinweise

Added Alert conditions.

13. Sept. 2019

Versionshinweise

Set Default Confirmation Period to only "1".
Users can adjust this parameter for a particular chart and time-frame to reduce false-positives wrt to historical trend, before proceeding to use to predict next move, etc.

15. Sept. 2019

Versionshinweise

Plot titles are now made more descriptive to make it easier to define Alerts.

Certain conditions base were implemented in my Strategies, which have substantially boosted their profitability, viz.:

• Increasing trading activities when RCVI is above the upper threshold.
  
• Stop all trading activities when RCVI drops below the lower threshold.
  
• Reduce score-threshold to register a buy order when RCDI is bullish and above 0.5.
  
• Reduce score-threshold to register a sell order when RCDI is bearish and below -0.5.
  

See also:
AEONDRIFT-K

18. Sept. 2019

Versionshinweise

Shifted Directionality (RCDI) plot down, and also added a Directionality Momentum (RCDM) plot over it.

18. Sept. 2019

Versionshinweise

Updated signal marker colors.

18. Sept. 2019

Versionshinweise

User can now Enable/Disable the offsetting of RCDI and RCDM plots.
Disabling this option will overlay the RCVI with the RCDI and RCDM plots.

19. Sept. 2019

Versionshinweise

Implemented RCD-RSI and RCD-StochRSI (plots can be disabled in the settings).

21. Sept. 2019

Versionshinweise

Directionality-Acceleration/Jerk Oscillators added right below the Directionality and Directionality-Momentum plots.

21. Sept. 2019

Versionshinweise

Allows custom RSI and Stochs source.

22. Sept. 2019

Versionshinweise

Updated presentation of oscillators.

6. Okt. 2019

Versionshinweise

Significant tweaks.

3. Nov. 2019

Versionshinweise

Updated defaults.

17. Apr. 2020

Versionshinweise

Corrected minor bug.

23. Mai 2020

Versionshinweise

Disabled RSI/Stochs as default.

24. Mai 2020

Versionshinweise

Introduced RCVI % rescaling.

24. Mai 2020

Versionshinweise

Introduced RCDI rescaling.