Buff Averages [CC]The Buff Averages were created by Buff Dormeier (Stocks and Commodities Feb 2001) and this is another hidden gem that is a combo of a volume weighted indicator and a moving average crossover system. It uses a special method to calculate the weighting based on volume. The colored line (fast buff) will follow the price closely and you use the other line to act as a trend confirmation. I have included strong buy and sell signals in addition to normal ones so strong signals are darker in color and normal signals are lighter in color. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators or scripts you would like to see me publish!
BUFF
[MFI] Market Facilitation Index Written by Bruce-JSH
Implemented MFI(Market Facilitation Index) of Buff Dormeier
no license, no copyright.
There are no obligations or restrictions on you no matter how you do this script.
version 2021.07.11.a
1. First public release
2. G => Green(++), D => faDe bar(--), K => faKe bar(-+), S => Squat bar(+-)
[VPCI] Volume Price Confirmation Indicatorversion 1.1
I implemented Volume Price Confirmation Indicator (VPCI), invented by Buff Dormeier.
I applied the logic in the book "Investing with Volume Analysis".
Like MACD, it can also be used as a divergence or convergence method. The default value of whether to use this function is off.
Gold cross and dead cross points can also be marked. The default in this case is on.
It will be continuously updated. I will add the [four kinds of strategic sectors; sooner or later with the volume.
Thank you so much.
