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gbVolumeReversal

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 The calculations for this are unpublished and remain proprietary.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

Details: gbVolumeReversal
Category: NinjaTrader 8 Indicators and More

May 23rd, 2021
Size: 4.71 KB
Downloaded: 1266 times

Comments/ratings

GaT21 February 24th, 2022 05:27 PM

No Comment

Leafcutter May 9th, 2022 05:28 AM

I love all your indicators - they are kind of my standard indis in the charts. I have just discovered this one - amazing!

NOCOMPRRRENDO July 17th, 2022 10:29 AM

Gracias.

GarryM November 6th, 2022 06:46 AM

Excellent work by TraderGB!!

Falco11 January 11th, 2023 10:00 AM

No Comment

allangl February 12th, 2023 01:56 AM

I reeeaaaally like this indicator.
Thank you,
Allan

Ravl May 12th, 2023 11:27 AM

Top indicator

ballhaj June 18th, 2023 02:04 AM

Thank you,

TP10 July 1st, 2023 04:20 PM

Thank you. Very interesting.

Robinhood July 25th, 2023 01:22 AM

Good Stuff Thanks

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