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Zero Lag Volume Price Confirmation Indicator
Implementation of Volume Price Confirmation Indicator with an added Zero Lag VPCI inspired by ZLEMA from Ehlers. It also supports a Fisher mode that can show interesting signals.
Based on docs.mta.org/docs/2007DowAward.pdf
Addendum (from the author):
"At the time, I believed a falling trend and falling VPCI was bearish, it is in fact a bullish indication."
"I also may have stated a falling trend and a rising VPCI was bullish, however it is a bearish indication."
More reading material:
cmtassociation.org/video/volume-price-confirmation-indicator/
scribd.com/document/341008522/TASC-VPCI-Between-Price-Volume-pdf
Based on docs.mta.org/docs/2007DowAward.pdf
Addendum (from the author):
"At the time, I believed a falling trend and falling VPCI was bearish, it is in fact a bullish indication."
"I also may have stated a falling trend and a rising VPCI was bullish, however it is a bearish indication."
More reading material:
cmtassociation.org/video/volume-price-confirmation-indicator/
scribd.com/document/341008522/TASC-VPCI-Between-Price-Volume-pdf
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