TradingView
Diabolicus
Sep 15, 2015 1:15 PM

BTC Volume Index 1.1 beta [Dia] 

Bitcoin / United States dollarOKCoin

Description

Indicator calculates total volume across multiple bitcoin exchanges. The influence of each exchange can be adjusted seperately.
0 fee exchanges default to 50%
0 fee futures default to 10%
Define custom lookback periods for price breakout detection.
Look for low-volume price reversals in those candles immediately following high volume peaks. The lower the volume and the greater the open/close price difference of that 2nd candle is compared to the previous one, the higher the likelihood of a local top/bottom being in.

Note:
Bar highlighting is still experimental, future versions will include better filtering options.
Use for confirmation only, not as standalone trading system.
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