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INVITE-ONLY SCRIPT
Updated

Mayfair Volume Stochastic 1.0

2 983
This indicator takes some of the simple tools such as RSI and Stochastic, and provides information of the macro picture for both trending and non-trending markets;

The Relative Strength Index part of the indicator is standard and is used in technical analysis that ranges between zero and one (or zero and 100 on some charting platforms.
This indicator has the ability to change between multiple settings; Elders Force Index, Money Flow Index, On Balance Volume & Price Volume Trend.

The Stochastic part is measuring not only the conventional Stochastic K – but also the accumulation/distribution and this is used with the volume bars at the bottom.

All are uniquely combined to give “False bar” signals when certain criteria is met – this is visualised by the Green turning Red on the upper and lower boundaries of the indicator. When Red, the trend is false, when green the trend is trending.

It’s a unique view of the market, confirmation of trend (false or not) inclusive of the volume profile across the bottom. Colour set to Red (Bearish), Green (Bullish) and Grey is undecisive volume.
Release Notes
This version adds a Weis Wave function. users can choose between Volume and Price displays by switching the setting Renko Assignment method from ATR to Traditional.

You can also switch the standard volume deviation and the Weis Wave displays on and off to de-clutter the display.
Release Notes
Removed drawings on chart.
Release Notes
The link was wrong, so updated

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact Paul_Varcoe directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

To buy this indicator, please click here: https://launchpass.com/mayfair-trading-and-mentoring/stochastic. The link contains a video explaining the indicator in even more detail.

Warning: please read our guide for invite-only scripts before requesting access.

Paul_Varcoe
Also on:
Centered OscillatorsOscillators

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.
Centered OscillatorsOscillators

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact Paul_Varcoe directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

To buy this indicator, please click here: https://launchpass.com/mayfair-trading-and-mentoring/stochastic. The link contains a video explaining the indicator in even more detail.

Warning: please read our guide for invite-only scripts before requesting access.

Paul_Varcoe
Also on:

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.