OPEN-SOURCE SCRIPT
Analysis of trend and volume dispersion
Volume trend and dispersion analysis is a data model; remember that the model is a map, not the earth. The best are the supports and resistances, this is an auxiliary, a thermometer.
The price is modeled with volume and a seasonal adjustment.
It is an effort to use simple and efficient RSI without much noise and with seasonally adjusted values; in addition, it is designed to be used with long-term investments.It is a very simple seasonal adjustment, the price is passed through a Gaussian filter with symmetrical impulse response and compared to its flow during the year.In the example shown with a moving average, the colors show the price versus the seasonal price, that is, if the trend is accelerating or slowing down versus the year.
Comments <- are always welcome
Finally, this "indicator" is subject to terms and conditions if that is not contrary to tradingview policy.
Original By david Ochoa at TradingView Site;
+ It can be distributed, modified or inspired for free including its variants and material for which it has served as inspiration ALWAYS mentioning tradingview and the author ...
+ Can be used without warranty for damages, injury or trauma
+ Can be used for -your personal business- with this exceptions:
+ CanNOT be sold
+ CanNOT be modified or inspired for variants and take credit
The price is modeled with volume and a seasonal adjustment.
It is an effort to use simple and efficient RSI without much noise and with seasonally adjusted values; in addition, it is designed to be used with long-term investments.It is a very simple seasonal adjustment, the price is passed through a Gaussian filter with symmetrical impulse response and compared to its flow during the year.In the example shown with a moving average, the colors show the price versus the seasonal price, that is, if the trend is accelerating or slowing down versus the year.
Comments <- are always welcome
Finally, this "indicator" is subject to terms and conditions if that is not contrary to tradingview policy.
Original By david Ochoa at TradingView Site;
+ It can be distributed, modified or inspired for free including its variants and material for which it has served as inspiration ALWAYS mentioning tradingview and the author ...
+ Can be used without warranty for damages, injury or trauma
+ Can be used for -your personal business- with this exceptions:
+ CanNOT be sold
+ CanNOT be modified or inspired for variants and take credit
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.