Float Indicator

Category: volume, market_structure, trend

Calculates the total volume required to 'turn over' the float between local highs and lows within a specified lookback, plotting a cumulative volume histogram since the start of the current swing.

Formula

TotalFloat = \sum_{t=SwingLow}^{SwingHigh} Volume_t \\ CurrentCumulative = \sum_{t=SwingStart}^{0} Volume_t \pmod{TotalFloat}

Inputs

• Float (default: 200)
• ObjectPrefix (default: FI-)
• DisableDinapoli (default: false)
• DisableFibonacci (default: false)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.