Mashed together the ema-bands from IvanLabrie with some moving average script stuff from ChrisMoody and LazyBear and this is the result. Credit goes to them, 'cause I don't know to how to code tbh. Just copy/pasted stuff untill I got the result I wanted.
Bands work as support/resistance among other things. You can use them to trade breakouts or reversals or...
VOLUME PRESSURE COMPOSITE AVERAGE WITH BANDS
Ver. 1.0.beta.10.08.2015
By Ricardo M Arjona @XeL_Arjona
DISCLAIMER:
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.
The...
Elastic Volume Weighted Moving Average (eVWMA) is a statistical measure using the volume to define the period of the moving average. The eVWMA can be looked at as an approximation to the average price paid per share. Multiplier is usually the number of shares, but it can be approximated using cumulative sum of volume (Enable it via "Use Cumulative Volume" option)...
![BTCCNY: MA of MAs [nostdal.duckdns.org]](https://s3.tradingview.com/b/bH0D3noC_mid.png "MA of MAs [nostdal.duckdns.org]")
![BTCUSD: Elastic Volume Weighted Moving Average & Envelope [LazyBear]](https://s3.tradingview.com/y/YxzbpyLG_mid.png "Elastic Volume Weighted Moving Average & Envelope [LazyBear]")
