Faust is a composite indicator that combines 3 volume indicators: TSV, OBV, and PVT. TSV moving average is plotted as an oscillator. OBV and PVT are calculated internally. Four divergences are calculated for each indicator (regular bearish, regular bullish, hidden bearish, and hidden bullish) with three look-back periods (high, mid, and small). For TSV, the fattest plotted line is the divergence with the highest look-back period, and the thinnest line is the divergence with the shortest look-back period. For PVT, the larger the circle, the higher the divergence look-back period. For OBV, the larger the triangle, the higher the divergence look-back period.
Release Notes
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Add CVD divs, fix colors.
Release Notes
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Add TSV Oscillator Mode
Release Notes
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Implemented a different method to draw divs for TSV to reduce the number of outputs on the chart and make space for the hidden div alerts.
excited to test this out. the other TSVs on tradingview lack a certain robustness considering how much TSV relies on Divs for signals and they didn't justify space on my screen. Similar things can be said about OBV. But the fact you even incorporated different strengths to the Divs AND its essentially 3-in-1 Volume analysis is amazing. Kudos
Good work bro 👍