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Volume Indicators

 

Buy Sell Volume Pressure


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Description

 

View a full size chart of this indicator

This indicator is referenced in the "Block the Noise" seminar. 


  • This volume indicator plots the buying and selling pressure of each bar.
  • The bars can be tick, range, time or volume based.
  • The indicator plots both a fast and slow average of the buying or selling pressure.
  • The fast line is useful for spotting divergences and continuation trades.

Key Features

  • Fast and slow lengths are user definable parameters (for different markets), and can be plotted during or after bar close.
  • This indicator is best used in conjunction with key levels of support and resistance for trade entry and exit.
  • The slow volume histogram line is excellent for trend visualization and the end of a trend when the slow line crosses the zero line.

NOTE:

THIS INDICATOR REQUIRES historical tick data.  Some Data Feed vendors do not provide this in their feed (IB, Tradestation, etc.).  To use this indicator you must have an unfiltered data feed such as Zen-Fire provided by Mirus Futures.

This indicator must calculate as the live data comes in.  It creates bars when they are the most current.  It cannot create them once they are older.  Therefore, if you hit F5 or any behavior equivalent to hitting F5 (adding another indicator to the chart, changing a parameter in any indicator on the chart) while the indicator is active, all the indicator bars that were calculated on the live data, become historically based and no data is there to recreate them.  They will "disappear". 

 

Please note this is normal behavior and a necessary part of the indicator design.

 


Indicator Categories

Chart Enhancement Indicators
Momentum Indicators
Price Action Indicators
Support and Resistance Indicators
Trade Management
Trend Indicators
Volatility Indicators
volume Volume Indicators


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