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gbVolumeReversal 5 *
gbVolumeReversal, Ver 1.1, TraderGB, May 23, 2021 [ Updated ]

Description: This was my attempt to reverse engineer through trial-and-error Mark Leibovit’s volume reversal and volume sequential indicator. The calculations for this are unpublished and remain proprietary. This was first done about six years ago when I had access to the indicator with recent price action and simply messed around with price and volume until matching all the signals. Within this indicator I put a divergence signal, which is not part of Leibovit’s work. I personally don’t use this indicator, but some may find it useful.

References:
The Trader’s Book of Volume, The Definitive Guide to Volume Trading, Mark Leibovit, 2011, p 255-262
The Encyclopedia of Technical Market Indicators, Robert W. Colby, CMT, 2003, p 778-780

Updates:
Ver 1.1, 2021-05-27: Included options for each of the two text labels be optional (requested by chartman). Note, if you have 'Show Sequential VR Text' checked but not "Show Sequential VR", Sequential VR text will not appear.


Category NinjaTrader 8 Indicators and More 
 
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Details: gbVolumeReversal
Category: NinjaTrader 8 Indicators and More 


May 23rd, 2021
Size: 4.71 KB
Downloaded: 1257 times
Comments/ratings
5 * satori33 May 23rd, 2021 08:18 PM
No Comment
5 * Zenersev May 25th, 2021 04:08 AM
No Comment
5 * elkesoi May 26th, 2021 02:15 PM
No Comment
5 * chartman May 27th, 2021 03:59 PM
great indicator thank you
5 * cv2low May 30th, 2021 04:00 PM
No Comment
5 * romus May 31st, 2021 10:06 PM
Wow! Great idea and well done!
5 * billaulakh June 3rd, 2021 01:42 AM
Like it! Thanks
5 * danalec June 4th, 2021 03:33 AM
No Comment
5 * topdogtony June 26th, 2021 11:08 AM
I will try this out thanks.
5 * faithdefender July 28th, 2021 07:23 PM
No Comment

 
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