Trend Volume Accumulations
Nov 17, 2020
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The Trend Volume Accumulations (TVA) indicator is a powerful trading tool that leverages volume data to identify trends with greater accuracy. Taking inspiration from the renowned Weiss wave indicator, this innovative gauge calculates accumulations in rising and declining volumes relevant to specific trends. When the volume rises, it forms positive waves, while declining volume results in negative waves. The trend itself is gauged using the sign of a rolling linear regression.
Customizable Settings
- Length: Defines the period considered by the indicator.
- Src: Specifies the data source for the indicator.
- Linearity: Adjusts the appearance of the output, making the representation look more linear.
- Mult: Adjusts the multiplicative factor influencing both the upper and lower levels.
- Gradient: This toggle determines whether a gradient color is used for the waves, which is enabled by default.
How to Trade with the TVA Trading Indicator
The TVA indicator is a practical tool for traders aiming to understand current market trends with the added dimension of volume. Not only does it indicate direction—represented in blue for uptrends and red for downtrends—but it also offers insights into market behavior under varying volume conditions.
The original intent behind developing this indicator was to discern if price movements characterized by declining volume differ fundamentally from those marked by rising volume. The visualization power of the TVA indicator brings this distinction to light elegantly.
Movements registering waves of low amplitude signify reduced trading activity, providing traders with clues about potential market inactivity or sleep.
Adjusting the Linearity variable allows traders to minimize the impact of single volume fluctuations, leading to smoother, more predictable wave patterns.
The TVA indicator’s design incorporates two strategic levels. The upper level arises from the cumulative mean of waves influenced by rising volume, while the lower level emerges from the mean of waves resulting from declining volume. Once the wave reaches a defined level, traders can anticipate a potential trend reversal. The mult setting enables customization of the distance from zero, providing flexibility for traders to fine-tune the indicator according to their trading strategies.
FAQ
How do I access the TVA indicator? You can find the TVA indicator on the LuxAlgo Library. This tool is available for popular charting platforms such as TradingView, MetaTrader (MT4/MT5), and NinjaTrader at no cost.
What markets is the TVA indicator suitable for? The TVA indicator is versatile and can be used in various markets including forex, stocks, and commodities.
Can the TVA Indicator be used with other trading strategies? Absolutely, this indicator can complement existing trading strategies by providing additional validation based on volume and trend information.
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