PROTECTED SOURCE SCRIPT
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
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.