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. Low Volume bars are my favourite volume indicator signal. They show what the amateurs are doing on tick charts. They are also very useful confirming indicators of a change in trend direction when the market is testing a top or bottom. Volume Climax Down bars are identified by multiplying selling volume with range and then looking for the highest value in the last 20 bars . Volume Climax Down bars indicate large volume supply that results in pushing down prices.

High Volume Churn bars are identified by dividing volume by the bar’s high to low range and then looking for the highest value in the last 20 bars . High Volume Churn bars indicate profit taking, new supply entering the market at tops or new demand entering the market Warren Buffett at bottoms. The default setting is to color the volume histogram bars green and the price PaintBars blue. Let’s go over an effective volume trading strategy with buy and sell signals, stop loss and take profit levels to trade in both bull and bear markets.

Similar Indicators

Also I know of one commercial indicator for NinjaTrader 7 that bases analysis on relative volume, but have not seen a free version so far. I just started using this indicator as I learn more about the usefulness of volume movement and I really like it. It seemed to me that separate Up/Down Climax bars might be the way to go, but as you’re the creator, I thought you might have more insight. Or perhaps it would have been just a pain in the “Tail” to program, so to speak. HI I have been using Better Volume, for a couple of years now and love this indicator, but find it has one really annoying characteristic. Every time a new bar prints i need to refresh the data in order to get the correct bar color, otherwise it often prints a false one, usually magenta.

Better Volume Indicator From Thinkscript For Amibroker Afl

We need to establish the Chaikin trading strategy which is finding where to place our protective stop loss. When big money steps into the market, they leave a mark as their orders are so big that it’s impossible to hide. When the volume indicator Forex goes straight from below zero to above the zero line and beyond, it shows accumulation by smart money. The CMF volume indicator better volume indicator can be used to confirm the strength of the trend, the accuracy of a breakout, trend reversals, false breakouts and so much more. Gaining an understanding of the different applications of the volume indicator in trading can help you improve your results. When the candle closes near the top of its price range on increase CMF volume, it’s a signal that smart money is accumulating.

I am doing my best to code all the stuff for NinjaTrader 8. Currently, I have completed 87 open source indicators (ama-Series). Volume spread analysis is certainly a good approach, but this indicator needs to be further developed to become a useful tool. Better Volume is definitely one of the best indicators I’ve ever had for understanding what’s going on in markets. When you refresh via F5, real-time volume is replaced with historical volume, which is consistent with the prior bars. You’ll need to register in order to view the content of the threads and start contributing to our community.It’s free and simple.

What Is The Importance Of Buying Volume And Selling Volume

Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts. The indicator is very useful for understanding volume, but has its limitations when directly used for intraday trading.

Is RSI or stochastic better?

The MFI indicator (money flow index) is similar to RSI but incorporates volume as well. MFI is not as popular as RSI, however, MFI works just as well, and in many cases, works better than RSI for short-term trading and swing trading.

We don’t lie to our customer that we can double your money in a day or neither we make false promise of % accuracy. Because it’s just not possible in any security market in the world.We agree that after all the technical and fundamental analysis we can hit 75-85% accuracy. That’s a genuine figure better volume indicator and we work really hard to meet that. We have an Expert Research Team who keeps an eye on every potential security to give the best earning chances to our customer. These analysts including CFAs, MBAs , CAs, Engineers and Analytical Experts who are skilled and impeccable in their analysis.

What Is The Best Volume Indicator?

Support / resistance indicators are located the Session Tools category and we have a post on Fibonacci retracement levels. Finally, make sure to also check out the Range Analysis indicator, identifying narrow range patterns as discussed here. When you use the Better Volume indicator with intraday data, it is pretty much distorted at the beginning of the regular session. When compared to pre-session bars, all the bars in the beginning of the regular session look like high volume bars, which in turn leads to false signals.

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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.

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