The Better Volume indicator feature article has finally been updated. This has been a long time coming – so my apologies. The article includes a high-definition video plus chart examples and free code. Follow this link to the Better Volume indicator article.
The Emini had a nice trend move this afternoon. The chart below shows the Better Volume indicator on the 699 tick chart. I am most interested in the Low Volume (yellow) and High Volume Churn (blue Paintbar) bars, so I turn off the other bar colors.
Better Volume Indicator (Emini 699 tick)
The cyclical low at 834.50 was holding and then we had a couple of Low Volume down bars that showed No Supply. This was the final test before the Emini took off and rose 15 points. There were also confirming signals on the other time frames:
- Higher time frame (2,097 tick) had a cyclical low also at 834.50
- Lower time frame (233 tick) had a second turn after an "End of Trend" warning signal (high probability entry point) plus High Volume Churn then Low Volume bar
If you're interested in learning more about the Better Volume indicator then click the link below. Good luck with your Emini trading.