Volume Price Confirmation Indicator by 2tm

2. Okt. 2019

This script is based on Buff Pelz Dormeier’s article “Investing with Volume Analysus”


As you knows the Volume is the Only Indicator to prior Candles.


So, Lot's of CMT(Charted Market Technicians) invest the Volume Indicator and the Buff Dormeier's VPCI is very popular.


If you have interest let's prey to God Google then he'll be answered.



Anyway, The Basic Logic is this.

a. VPC=SUM(C*V,PERIOD)/SUM(V,PERIOD)-MA(C,PERIOD)

b. VPR= SUM(C*V,PERIOD)/SUM(V,PERIOD)/MA(C,PERIOD)

c. VM=AVG(V,PERIOD)/AVG(V,PERIOD*K)

d. VPCI=VPC*VPR*VM



Feel free to use my script.

15. Okt. 2019

Versionshinweise

Updates.

I'd made great mistake at the Fomla and now I fixed it.




And I separated VPCI and VPCIS.

With that, now you can make a simple Buy/Sell strategy.





Also I added VPCI's Bollinger Bands

It's much helpful to track change of Volumes.

15. Okt. 2019

Versionshinweise

Updates

Minor Bug Fixed

30. Okt. 2019

Versionshinweise

Minor Update.

- I'd adjusted The Offset of Signal.
- Now you can choose what you want.

30. Okt. 2019

Versionshinweise

Minor Bug Fixed