Using a simple moving average, this indicator uses a coloring rule to highlight when volume is above or below average. According to Dow's theory where volume can be used to confirm a price trend.
Utilizando de uma média móvel simples, esse indicador utiliza de uma regra de coloração para destacar quando o volume está acima ou abaixo da média....
Force Index is an oscillator. It combines volume with prices
to discover the force of bulls or bears behind every rally or decline.
It brings together three essential pieces of information the direction of price
change, its extent, and the volume during that change. It provides a practical way of
using volume for making trading decisions.
Force Index can be used...
An example of Binary Option Arrows (BOA) for candlestick patterns bearish and bullish harami.
With results as coloured background and an option to choose your expiration (one candle by default).
It's just an example for those who has their own strategy and wants to make nice arrows in their chart.
All you need to do is rewrite piece of script in lines 9:13 -...
Histogram osc with EMA its an adaptation of "Pine Script Tutorial #4" script from MartinMystere "Momentum Lines" script from derricklaflame
special thanks to MartinMystere and derricklaflame for this