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Thanks for the kind words To answer your question, I've been stripping away all of the accumulated cruft on my charts and exploring a minimal approach, as shown below:
I am trying to focus on price and volume. As such, I am currently evaluating the KVO (a/k/a VForce), as it has indicated divergence nicely at the top of OSTK...
I am also evaluating Buying/Selling Pressure to see what signals that indicator may provide...
Other than those, as you can see, 3 moving averages and a volume histogram and that is it
One last thing...I plan on checking out/incorporating Volume Spread Analysis, so I'll post an update if developments warrant...
Enough about me and my meager efforts...how about you? I hope this reply finds all going well for you...
My stock charts are down to one indicator. More importantly a WEEKLY time frame.
Is Volume Force actually another name for KVO? I remember thinking that from the code you had a problem with. Are those two the same? I love the blue on blue BTW.
Bar color is that based on the MA or is it Hieken Ashe?
Great everything is straightened out with that code snippet.
I appreciate the coding for the Volume pressure; I modified the code by adding Price and EMA averages. I day trade and use this code on my 4 minute chart. The Code for the volume must be the same time, ie, 4 minute or whatever is preferred and selected by edit studies. Just paste into a new create under studies. Some extra code is left in to play with; If Vol Gray and Price Gray, but EMA 9 > EMA21, I may use that signal to sell 1/2 and wait to see if trend continues, too often I tend to sell to quickly losing profit potential, the EMA gives me a better buffer.
#MUST ADJUST TIME FRAME OF THIS FORMULA TO MATCH CHART;
input vPeriod = AggregationPeriod.HOUR;
def O = open(period = vPeriod);
def H = high(period = vPeriod);
def C = close(period = vPeriod);
def L = low(period = vPeriod);
def V = volume(period = vPeriod);
def SV = V * (H - C) / (H - L);
def BV = V * (C - L) / (H - L);
AddLabel(yes, "Buyer Vol Strong ", if high > high[1] and low > low[1] and BV*1.05 > SV then Color.GREEN else color.GRAY);
AddLabel(yes, "Seller Vol Strong", if high < high[1] and low < low[1] and SV*1.05 > BV then Color.MAGENTA else color.GRAY);
AddLabel(yes, "Price Strong ", if high > high[1] and high [1] > high[2] and low > low[1] and low[1] > low[2] then Color.GREEN else color.GRAY);
AddLabel(yes, "Price Weak", if high < high[1] and high[1] < high[2] and low < low[1] and low[1] < low[2] then Color.MAGENTA else color.GRAY);