ahancock

Hancock - RSI Volume

The Volume RSI ( Relative Strength Index ) is quite similar to the price based RSI with difference that up-volume and down-volume are used in the RSI formula instead changes in price. If price RSI shows relation between up-moves and down-moves within an analyzed period of time by revealing which moves are stronger, the Volume RSI indicator shows the relation between volume traded during these price up-moves and down- moves respectfully by revealing whether up-volume ( bullish money flow ) or down-volume ( bearish money flow ) is stronger.

This indicator estimates the buy and sell volume of each candle by using a configurable lower time-frame and uses the buy and sell volume in the calculation of the RSI Volume (VoRSI)

Happy trading
Hancock
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Comments

I tested this indicator and it does repaint.
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