OPEN-SOURCE SCRIPT
Cumulative Delta Volume Wave
Обновлено
Introducing an Enhanced Version of the CDV by LonesomeTheBlue
For the original version and description check this link:
What Makes This Version Different than the original?
This enhanced version of the CDV indicator incorporates advanced signal processing techniques to bring new depth to market analysis.
Standard Deviation Bands and EMAs: These additions to the CDV offer a visual representation of significant market movements—highlighting major pumps and dumps, as well as identifying potential support and resistance levels.
Color-Coded Insights: The standard deviation bands utilize color coding based on signal processing principles. This feature becomes increasingly useful the more you zoom out, making it easier to observe and interpret market waves.
Market Maker Activity: By examining fluctuations within the standard deviation bands, traders can gauge when Market Makers are actively maneuvering to establish their long and short positions, often at the expense of retail traders.
EMA Support and Resistance: The embedded Exponential Moving Averages (EMAs) serve as dynamic support and resistance levels. Analyzing these can help traders determine the continuing strength of a market move, whether bullish or bearish.
Visual Guide to the Basics
For a clearer understanding of what this enhanced indicator can show, please refer to the image below:
And in addition to all the above one can detect relevant W and M structures way easier with this indicator ;)
For the original version and description check this link:
What Makes This Version Different than the original?
This enhanced version of the CDV indicator incorporates advanced signal processing techniques to bring new depth to market analysis.
Standard Deviation Bands and EMAs: These additions to the CDV offer a visual representation of significant market movements—highlighting major pumps and dumps, as well as identifying potential support and resistance levels.
Color-Coded Insights: The standard deviation bands utilize color coding based on signal processing principles. This feature becomes increasingly useful the more you zoom out, making it easier to observe and interpret market waves.
Market Maker Activity: By examining fluctuations within the standard deviation bands, traders can gauge when Market Makers are actively maneuvering to establish their long and short positions, often at the expense of retail traders.
EMA Support and Resistance: The embedded Exponential Moving Averages (EMAs) serve as dynamic support and resistance levels. Analyzing these can help traders determine the continuing strength of a market move, whether bullish or bearish.
Visual Guide to the Basics
For a clearer understanding of what this enhanced indicator can show, please refer to the image below:
And in addition to all the above one can detect relevant W and M structures way easier with this indicator ;)
Информация о релизе
Some small typo fixes.Информация о релизе
Added Mono/Multi color EMA mode setting and some defaults changed.Скрипт с открытым кодом
В истинном духе TradingView автор этого скрипта опубликовал его с открытым исходным кодом, чтобы трейдеры могли понять, как он работает, и проверить на практике. Вы можете воспользоваться им бесплатно, но повторное использование этого кода в публикации регулируется Правилами поведения. Вы можете добавить этот скрипт в избранное и использовать его на графике.
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