Finite Volume Element (FVE)

Finite Volume Element (FVE)

FVE is a money flow indicator but with two important differences from existing money flow indicators:

It resolves contradictions between intraday money flow indicators (such as Chaikin’s money flow) and interday money flow indicators (like On Balance Volume) by taking into account both intra- and interday price action.
Unlike other money flow indicators which add or subtract all volume even if the security closed just 1 cent higher than the previous close, FVE uses a volatility threshold to take into account minimal price changes.
The FVE provides 3 types of signals:

The strongest signal is divergence between price and the indicator. Divergence can provide leading signals of breakouts or warnings of impending corrections. The classic method for detecting divergence is for FVE to make lower highs while price makes higher highs (negative divergence). An alternative method is to draw the linear regression line on both charts, and compare the slopes. A logical buy signal would be for FVE, diverging from price, to rise sharply and make a series higher highs and/or higher lows.
The most obvious and coincident signal is the slope of the FVE line. An upward slope indicates that the bulls are in control and the opposite for downward.
This is a unique and very important property of this indicator. Values above zero are bullish and indicate accumulation while values below zero indicate distribution. FVE crossing the zero line indicates that the short to intermediate balance of power is changing from the bulls to the bears or vice versa. The best scenario is when a stock is in the process of building a base, and FVE diverges from price and rises to cross the zero line from below, at a sharp angle. Conversely the crossing of the zero line from above is a bearish signal to liquidate positions or initiate a short trade.

Parameters

FVE period (p = 22)

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials

avatar
Register or

Likes

avatar avatar avatar avatar
Related users ' posts
TACBOLSA
6 years ago
dario ti please can you help me to understand? i know i am wrong: Long Histogram = High Volume S...
TAC Bolsa hi, I have already seen the problem and requested that it be removed until an adequate so...
sixeight Hey TAC, Did you ever find a solution to this?
Vinks_o_7 b=close > low and volume > high How can we compare volume and high of the day? (orang...
TAC Bolsa If to understand something you resort to compare Oranges and bananas. You go bad, Without e...
giumagi good morning Sir, great job your indicators! How can I reach your website or blog? please..t...
JJ Tec Hola Las condiciones de entrada / salida vienen en el libro de J. Carter Mastering the trad...
Pixeldd Ich bekomme beim einfügen des Indikators einen Fehler angezeigt. Was bitte muss ich genau än...
HarryPro Hello, Firtly there appears to be a typo on line 6 "lenghkc=20" should this be "lengthkc=...
Nicolas En effet merci, erreur corrigée, la variable Risk affecte désormais comme il se doit les cal...
nader003 How can we get this indicator on MT4
Nicolas You can ask for private custom coding to our programming services: https://www.prorealcode.c...
marcov66 Hi, it seems a very useful indicator. Unfortunately the link here for the full explanation d...
TACBOLSA Discontinued indicator. we are sorry.
Azzuerus Bonjour, je teste et j'utilise vos indicateurs depuis plusieurs années, et ils me sont dev...
coscar Ottimo lavoro. come sempre!
luxrun Nello studio di Sepiashvili viene descritto anche un altro indicatore, il Q-indicator, che è...
Vonasi
6 years ago
Balmora74 Thanks for this code. i will try to adapt it in the EUR/USD Pac Man Strategy who is based on...
Vonasi I still have two versions of the PacMan strategy on forward test although there have been va...
Balmora74 I use your version on a real account and the strategy is profitable and i did not have any p...
luxrun Roberto, I tried again to use both the SHI indicator and the WPO oscillator but they don't w...
robertogozzi WPO should work as posted at https://www.prorealcode.com/prorealtime-indicators/wpo-wave-per...
luxrun Now is ok! Thanks a lot
PastaPesto Hello Roberto! Thank you for this indicator. I thought I would try it out in a strategy, bu...
robertogozzi I just realized that there's a line that shouldn't be there. It's line 5, please remove it,...
robertogozzi I just discovered that ProOrder (for automated strategies) does not evaluate the expression ...
luxrun bellissimo lavoro, Roberto, grazie!
robertogozzi I just discovered that ProOrder (for automated strategies) does not evaluate the expression ...
Akram Hi Roberto the WPZO is the bounded oscillator by percentage like the SHO Here is the artic...
bremze33 Another thing. Is it possible to make the graph lines a little thicker and not so long? Be...
giumagi Hi Sir, very good job done with this indicator, May I ask you to explain what is the line VW...
pmdr1969 Hola soy nuevo en en esto. ¿Hay algo parecido pero pudiendo tu elegir las velas a a analizar...
datageek How do I change the thickness of the line or change it too dashed lines? Kind regards
lkiklkik NE fonctionne pas ( ou plus ... )
Nicolas il faut modifier toutes les références à top par itop et bottom par ibottom. Ces mots étant ...
Jack86gv Ciao Nicolas, e possibile fare uno screener con questo codice ovvero vorrei sapere quando il...
Nicolas https://www.prorealcode.com/topic/screener-regressione-canale/
wharfdog Hi Nicolas, Fantastic work, I'm really grateful for this. I was wondering if it would be ...
Marius Zammit Still learning and very new to all this. Can this indicator be turned into an automated trad...
Nicolas Yes sure, please create a dedicated post in the automated trading forum.
leederbyshire Hi is it possible to replace the dots with red/green vertical lines? Thank you.
Nicolas Add indicator on price doesnt require any specific type of subcription. Click on the wrench ...
tahiti bonjour j'ai une petite question comment peux on enlevé la bar blanche sur la bougie en cour...
sixeight Hi Kris, is there a way to increase the number of rows? I get a loop error
Nicolas It may be possible that the variables are still present in the code while they are also in t...
luxrun I found this solution, thanks
luxrun thanks Nicolas
Nicolas
6 years ago
CCI Trend
v10.3
CCI Trend
1
Indicators
Abdelkrim Maksour hi sir is this indicator for mt4 and how i can get one .
sir_i Bonjour à tous, Je suis nouveau sur le forum et sur la plateforme, pourriez-vous me dire com...
Nicolas Il faut simplement l'appliquer sur le prix.
sir_i Merci pour la réponse, je ne suis pas familier avec l'application de cette procédure simple,...
funkystuff Salut Balmora, Ton indicateur est plutôt intéressant :) Penses-tu qu'il soit possible de l'...
brian gilbert Hello, can you explain to me what are "pipsize" and "ATAN"? What functions do they have and ...
Bodaris Bonjour, Je suis débutant 1 mois :p pipsize ressemble à la fonction pointsize et ATAN...

Top