Money Flow IntensityThis indicator works very similarly to Elder's Force Index (EFI) and builds on top of what I have for the Money Flow Line (see my other scripts). It combines price movements with volume to create sort of "dollar flow" pressure up and down, looking for "smart money" ("big money") to make their move.
The indicator uses a lookback period to calculate a standard deviation of the movement intensity, then creates gradients to visualize how intense the movement is relative to other movements. This helps measure the pull away from the average more easily than with the Money Flow Line alone.
Much like with EFI, high intensity moves can indicate two things:
1. Strength and conviction in the current direction OR...
2. A reversal is coming soon
You can also watch for waning volume in the current direction, indicating that a trend is losing interest and may be due for a pullback.
There is no way to know, but combining this with price action and a trend indicator can help give you some good educated guesses about what could happen next. Combine with averaging in or out and managing risk appropriately. Good luck :)
Money_flow
Dollar Cost VolumeWhen asset prices rise or fall greatly it can be difficult to measure the interest levels across time periods. Think of assets like BBBY, GME, CVNA, BTCUSD, etc... :)
This simple visualization multiplies a pricing option by the volume to give a "dollar cost" volume over time. With this, you can more easily measure interest levels from "smart money" ("big money") and eliminate some of the noise from large volume moves when prices are very low (or small volume moves when prices are very high).
Volume Based Color Bar (VBCB)Português/English
Pt:
Esse indicador colore as barras ou candles de acordo com o volume de negociação daquela barra em comparação ao volume médio. A codificação é a seguinte:
Barras de alta (Fechamento>Abertura):
- Cor da barra por default: Sem volume expressivo
- Verde: volume acima da Média.
- Azul: volume bem acima da média.
- Amarelo: volume muito acima da média.
Barras de baixa (FechamentoOpen):
- Bar color by default: No expressive volume
- Green: volume above average.
- Blue: volume well above average.
- Yellow: volume way above average.
Bearish bars (Close<Open):
- Bar color by default: No expressive volume .
- Red: volume above average.
- Purple: volume well above average.
- Orange: volume way above average.
This coloring helps to make quick analysis of the moments of greater volatility and movement of the market in a quantitative way, since large volumes foretell great movements.
To have lifetime access plus an explanatory video on how to set the parameters and how to use this indicator contact me via DM.
