AgentSmith007

Parabolic Volume Volatility indicator

FX:EURUSD   Euro / U.S. Dollar
I developed this indicator to study the relationship of high-close AND close-low movement within each cadlestick. Next, I apply those figures in 3 volume weighted moving averages. The green one is the shortest average, followed by the blue histogram, then the red one. The settings are a fibonacci span, but these can be changed to suit. The most interesting move of this indicator is when all 3 cross the zero line. (up or down) Also, if all of them remain either above or below the zero line, the market appears to continue it's behavior. I would love to hear your feedback. Thank you.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.