Strength of Movement
This script is designed to generate a comparison of price action against historical movements. To complete this, the following are calculated:
- Average price actions close vs previous close;
- A baseline of price actions over x periods;
- A baseline of volume over x periods; and
- A percentile movement for volume when compared to it's baseline
From these calculations; we can infer a ratio for the below moves:
- Price is increasing w/ increasing volume
- Price is increasing w/ decreasing volume
- Price is decreasing w/ increasing volume
- Price is decreasing w/ decreasing volume
From here; we can establish a pattern and identify momentum changes and 0-cross trade opportunities.
By factoring in a STOP LOSS factor; as well as a buffer to mitigate false crosses; historic tests can be fined tuned for relative cryptocurrencies. For example; BTCUSD - with a buffer of '2' - provides a test result of 40% returns with a 0.812 Sharpe Ratio.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact vasics1 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact vasics1 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.