Dislikedthis is realy strange ! i have settings 8 8 5 !
i have loaded a clear chart and only tvi ! and it is clearly down here for me ? why? Lou are you still here?
can it be something with my broker ? i use fxpro?Ignored
A quote from Lou's first post on the TVI indicator
"TVI measures the relationship between incoming ticks for a given volume. If upticks outnumber downticks the TVI rises, and vice-versa."
Because of the math involved price can go up and TVI can go down.
TVI is very basically a moving average of the up ticks and the down ticks. More acurately it is an EMA of a double EMA (a Triple EMA?) of Volume. You can see the math calculation in the MQ4, it is pretty simple as far as indicators go.
So, Why can TVI go down when Price goes up? Since it is a Moving Average, if the previous bars had a lot of volume down, and the bars in question (going up) have very little volume ... price could go upwards while TVI would be going downward.
This is a simplified explanation. There are other scenarios when this kind of behavior can happen.
Mark
EllisEdi Moving on to my next trade ...