Quick Volume Indicator post today. Just wanted to re-visit the ideas from this article on Low Volume in January.
Low Volume bars are often seen on successful tests of market lows. Monday afternoon's retracement was on Low Volume and showed a lack of Supply. This set up the right conditions for Tuesday's rally.
Volume Indicator: Low Volume Test (Emini 135 minute)
The chart above uses the Better Volume Indicator. Low Volume bars are colored yellow. TradeStation EasyLanguage code for the Better Volume Indicator and PaintBar is free and can be downloaded from the feature article (link below).
Good luck with your Emini trading.
Follow this link to a feature article with videos and analysis using the Better Volume Indicator.
