Just two quick examples. Most of it can be seen without any indicators but I find flipping through hundreds of stocks, it just makes it pop out quicker so I get through it quicker. You'll notice most price will stay within the bands. Not saying go and short a keltner high touch, but I'm not looking for an entry at that point either. I'm only paying attention to trend reversals and first/2nd swings on trends. Mostly watching the consolidation/pullback for an entry. Keltner Statistics • The Blog of Adam H Grimes
Ok! I happened to be staring at this chart and added the CDV and saw a pretty clear early indicator... by the time the price actually tested the trend line the CDV was way out of whack, whereas the previous price touches corresponded with the CDV trend. As shown in attachment... This could be quite useful! I will start studying this more, thanks much! =)
PS Am I reading you right in the way I applied it to the chart? I wasn't super clear, that's just what I noticed on my chart in this case after using it for literally 1 min.. hah.
Ok. I have never used it on forex. I thought forex didn't record volume. Maybe they based it on upticks, downticks. Is also fine. You are reading it right on the chart.
%% 50dma/20dma/200 dma tends to work well.NOT predict; they call it weather forecasting/not weather prediction. Focus on a few like SPY/spxs/QQQ helps...…... QQQ is down more than average today,its below 50dma but above 200dma/that tells me a lot. Discretion + again a focus on a few for years/helps...……………………………………... Because price or temp is not predicted does not invalidate or make ignorant the thermometer or 50dma/comprehende??
I found another really cool example here - this one showing how well the CDV "held on" to a particular trend concept, while a moving average would break down (considerably). You can see the trend moved from touching a 9 SMA, then broke up to a 20, and finally right up to a 50 all within a short time span, BUT I can pretty much draw a beautifully straight trend line on the CDV. Even that final big push only broke the CDV by one candle - and only a 5m candle at that (obviously tolerable... hehe). Note: So far these kind of moves aren't showing themselves too often; inventing some kind of an alert system for this would be handy.... Pine Script is pretty easy generally so it might not be too tough.
For oscillator indicators, look at the work of John Ehlers. Specifically, Automatic Gain Control, the Fisher Transform, and Inverse Fisher Transform.