CVD PRO Buy Sell Signals for scalping in Crypto Futures
CVD PRO v3.0 - Crypto Capital International
Indicator Overview:
This indicator combines several key elements to provide insights into market trends and potential trading signals. It incorporates Cumulative Volume Delta (CVD), Dynamic Average True Range (ATR), Percentage Change, MACD (Moving Average Convergence Divergence), and G-Trend filters. By analyzing volume, price movements, and momentum indicators, it aims to identify potential buying and selling opportunities.
1. How It Works:
• CVD (Cumulative Volume Delta): CVD is calculated by cumulatively summing the volume multiplied by the sign of price changes. This helps gauge the strength of buying or selling pressure.
• ATR (Average True Range): ATR measures market volatility, providing insights into potential price movements. The dynamic aspect adjusts ATR based on market conditions.
Percentage Change: This indicator calculates the percentage change in price over a specified period.
• MACD: MACD is a trend-following momentum indicator that helps identify trend direction and potential reversals.
• G-Trend: G-Trend identifies bullish or bearish trends based on price movements relative to a moving average.
2. How to Use It:
• Buy Signals: Generated when confidence level surpasses a threshold, MACD signal is bullish, CVD is positive, and optionally, volume filter conditions are met.
• Sell Signals: Generated when confidence level surpasses a threshold, MACD signal is bearish, and optionally, volume filter conditions are met.
3. Market Conditions It Works In:
The indicator is suitable for various market conditions, including trending, ranging, and volatile markets.
It's particularly effective in identifying trends and potential reversals during periods of significant volume and price movement.
4. Base Indicators Explained:
CVD: Measures volume-based buying or selling pressure.
ATR: Indicates market volatility and potential price ranges.
MACD: Identifies trend direction and momentum.
G-Trend: Helps confirm bullish or bearish trends.
5. Volume Filter:
The volume filter optionally includes green (bullish) or red (bearish) volume bars to confirm buy or sell signals.
Traders can toggle the volume filter based on how many signals will be filtered from the daily volume inflows or outflows
Volume Bar Colors:
The volume filter compares the current volume bar color with the previous volume bar color.
A green volume bar indicates that the closing price of the current bar is higher than the closing price of the previous bar, suggesting bullish sentiment.
A red volume bar indicates that the closing price of the current bar is lower than the closing price of the previous bar, suggesting bearish sentiment.
Filter Logic:
For buy signals, the volume filter confirms bullish momentum by checking if the current volume bar is green (indicating buying pressure).
For sell signals, the volume filter confirms bearish momentum by checking if the current volume bar is red (indicating selling pressure).
Usage:
Traders can choose to enable or disable the volume filter based on their trading preferences.
Enabling the volume filter adds an additional confirmation criterion to buy and sell signals, potentially increasing the reliability of trade decisions.
Disabling the volume filter ignores volume bar colors and relies solely on other criteria (such as MACD, CVD, and confidence level) for generating signals.
Considerations:
The volume filter is optional and can be toggled on or off based on individual trading strategies.
It's important to consider the overall context of price action and volume trends when interpreting volume bar colors.
Traders may adjust the sensitivity of the volume filter or combine it with other volume-based indicators for more nuanced analysis.
Implementation:
The indicator code includes logic to check volume bar colors (green or red) and incorporates this information into signal generation.
Buy signals are confirmed by green volume bars, while sell signals are confirmed by red volume bars.
Indicator Overview:
This indicator combines several key elements to provide insights into market trends and potential trading signals. It incorporates Cumulative Volume Delta (CVD), Dynamic Average True Range (ATR), Percentage Change, MACD (Moving Average Convergence Divergence), and G-Trend filters. By analyzing volume, price movements, and momentum indicators, it aims to identify potential buying and selling opportunities.
1. How It Works:
• CVD (Cumulative Volume Delta): CVD is calculated by cumulatively summing the volume multiplied by the sign of price changes. This helps gauge the strength of buying or selling pressure.
• ATR (Average True Range): ATR measures market volatility, providing insights into potential price movements. The dynamic aspect adjusts ATR based on market conditions.
Percentage Change: This indicator calculates the percentage change in price over a specified period.
• MACD: MACD is a trend-following momentum indicator that helps identify trend direction and potential reversals.
• G-Trend: G-Trend identifies bullish or bearish trends based on price movements relative to a moving average.
2. How to Use It:
• Buy Signals: Generated when confidence level surpasses a threshold, MACD signal is bullish, CVD is positive, and optionally, volume filter conditions are met.
• Sell Signals: Generated when confidence level surpasses a threshold, MACD signal is bearish, and optionally, volume filter conditions are met.
3. Market Conditions It Works In:
The indicator is suitable for various market conditions, including trending, ranging, and volatile markets.
It's particularly effective in identifying trends and potential reversals during periods of significant volume and price movement.
4. Base Indicators Explained:
CVD: Measures volume-based buying or selling pressure.
ATR: Indicates market volatility and potential price ranges.
MACD: Identifies trend direction and momentum.
G-Trend: Helps confirm bullish or bearish trends.
5. Volume Filter:
The volume filter optionally includes green (bullish) or red (bearish) volume bars to confirm buy or sell signals.
Traders can toggle the volume filter based on how many signals will be filtered from the daily volume inflows or outflows
Volume Bar Colors:
The volume filter compares the current volume bar color with the previous volume bar color.
A green volume bar indicates that the closing price of the current bar is higher than the closing price of the previous bar, suggesting bullish sentiment.
A red volume bar indicates that the closing price of the current bar is lower than the closing price of the previous bar, suggesting bearish sentiment.
Filter Logic:
For buy signals, the volume filter confirms bullish momentum by checking if the current volume bar is green (indicating buying pressure).
For sell signals, the volume filter confirms bearish momentum by checking if the current volume bar is red (indicating selling pressure).
Usage:
Traders can choose to enable or disable the volume filter based on their trading preferences.
Enabling the volume filter adds an additional confirmation criterion to buy and sell signals, potentially increasing the reliability of trade decisions.
Disabling the volume filter ignores volume bar colors and relies solely on other criteria (such as MACD, CVD, and confidence level) for generating signals.
Considerations:
The volume filter is optional and can be toggled on or off based on individual trading strategies.
It's important to consider the overall context of price action and volume trends when interpreting volume bar colors.
Traders may adjust the sensitivity of the volume filter or combine it with other volume-based indicators for more nuanced analysis.
Implementation:
The indicator code includes logic to check volume bar colors (green or red) and incorporates this information into signal generation.
Buy signals are confirmed by green volume bars, while sell signals are confirmed by red volume bars.