mystiq
650 posts
msg #76036
- Ignore mystiq |
7/5/2009 6:16:27 AM
http://emini-watch.com/free-stuff/volume-indicator/
Better Volume Indicator: Summary
Volume has to be the most underrated market variable used in technical analysis. But if you know how to analyze and interpret it, you’ll be able to see market turning points develop and anticipate pullbacks and trend changes.
You can figure out whether the Professionals are buying or selling by analyzing:
Volume transacted at the bid or the ask
High to low range of the bar, and
Average trade size.
The Better Volume indicator improves on your typical volume histogram by coloring the bars based on 5 criteria:
Volume Climax Up - high volume, high range, up bars (red)
Volume Climax Down - high volume, high range, down bars (white)
High Volume Churn - high volume, low range bars (green, PaintBar blue)
Volume Climax plus High Volume Churn - both the above conditions (magenta)
Low Volume - low volume bars (yellow)
When there are no volume signals the default histogram bar coloring is cyan
The Better Volume indicator also comes in a PaintBar version, so you can see the coloring on the price bars themselves. The table above is a quick reference guide that shows what volume indicator signals to watch for at different stages of the market.
Remember, this method of identifying market turning points using volume is even more powerful when combined with other non-correlated indicators. In my trading I use the Hilbert Sine Wave to identify cyclical turning points and take the trade when confirmed with the Better Volume indicator signals.
|
luc1grunt
622 posts
msg #76047
- Ignore luc1grunt |
7/5/2009 7:33:20 PM
price
volume
rinse, repeat
|
billbose
14 posts
msg #76048
- Ignore billbose |
7/5/2009 8:05:39 PM
Can the 'Better Volume Indicator' added to stockfetcher?
|
chetron
2,817 posts
msg #76052
- Ignore chetron
modified |
7/5/2009 10:08:18 PM
NO, BECAUSE THERE IS NO BID/ASK VOLUME HERE.
AS TO OTHER VALUES
HIGH RANGE/VOLUME AS COMPARED TO WHAT? 1 DAY AGO, 30 DAY AVG, WHAT?
|