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MetatronCubist
Nov 2, 2019 9:04 AM

|-ML-| C4 - Amplified Volume Directional Bias Oscillator 

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

This indicator presents an oscillator that suggests volume directional bias.
Colour switch (blue to ice-blue and red to maroon) confirms oscillator turnaround.
Confirmed divergences flag a trend change that can be used as a trade entry aid.
I suggest changing your candlesticks as follows:
  • Border: black
  • Wicks: grey

Release Notes

Minor update to include this illustration.
s3.amazonaws.com/tradingview/snapshots/m/MsoRPb19.png

Release Notes

Update to display/hide E.Stoch CG oscillator component.

Release Notes

Minor update

Release Notes

Minor update to present better confluence in colour scheme between oscillator and candlesticks.
Comments
Uzpod
By the way I am testing a strategy with your indicator and I will need the source code in order to back test it properly and make additions.
I would be very grateful if you could send it to me. You can of course contact me if you want to have informations about the strategy

Have a nice evening
traderorinda
What time frame would work best?
MetatronCubist
@traderorinda, Timeframe will depend on your strategy, but typically, the longer the timeframe, the longer you would expect to remain in the trade for and the more reliable the signal would be.
Uzpod
Hey this is a good indicator.
Can you put an alarm system when the historgram changes color ? That will be really nice, thank you for sharing !
MetatronCubist
@Uzpod, I'll see what I can do. Thank for your feedback.
Strategic_dynamicDavid
Looking forward to testing this indicators, I kindly Thank you for your thoughtfulness in sharing.
MetatronCubist
@Strategic_dynamicDavid, the pleasure is mine :)
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