PROTECTED SOURCE SCRIPT
[Max] Volume Entropy Divergence Filtered
Updated
An indicator that represent in 3 line my Volume Entropy Divergence Heatmap indicator.
I've use a very basic sum with some weights like this : Long therm > Mid therm > short Therm, But short and mid therm can still have influence.
Some people did request this indicator to be able to use the heatmap in there indicators with the new tradingview link function. There still a problem that will be the subject of a future update, when the divergence is to high it's often mean that instead of a divergence, we have a continuation or a parabolic.
This indicator still also need a location checker to try to don't short the bottom.
There is 3 lines, 2 are the sum of the negative/positive divergences.
The third one is the result off a karman volatility filter, with differents weigths for each line off the heatmap, it can easily used to find reversals.
You have some options to play with the volatility filter, the defaults settings are the ones I think is the best.
This script will still private for the same reasons raised in the original heatmap.
My policy : If you can provide me nice updates, I will give you the source code, if within 3 month I don't use it anymore it will pass in public.
If you have any improvement idears I will be please to ear them.
Have a nice day !
Max
I've use a very basic sum with some weights like this : Long therm > Mid therm > short Therm, But short and mid therm can still have influence.
Some people did request this indicator to be able to use the heatmap in there indicators with the new tradingview link function. There still a problem that will be the subject of a future update, when the divergence is to high it's often mean that instead of a divergence, we have a continuation or a parabolic.
This indicator still also need a location checker to try to don't short the bottom.
There is 3 lines, 2 are the sum of the negative/positive divergences.
The third one is the result off a karman volatility filter, with differents weigths for each line off the heatmap, it can easily used to find reversals.
You have some options to play with the volatility filter, the defaults settings are the ones I think is the best.
This script will still private for the same reasons raised in the original heatmap.
My policy : If you can provide me nice updates, I will give you the source code, if within 3 month I don't use it anymore it will pass in public.
If you have any improvement idears I will be please to ear them.
Have a nice day !
Max
Release Notes
Bollinger filter update.Release Notes
Default parameters update
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