This is a fantastic Volume based Trend indicator that i have found to be amazing.
It is i think by far, the best tracking volume indicator, i have seen through the years i have been trading.
I am trying to make a system that is based on the Green and Orange signals of effective volume (not the cyan ones) but i am no programmer so i can't do it .
I added the Zeller shark below as it matches through another avenue the signals i try to attain. As you can see they come pretty close, again as i can;t program i can't even make the _Zeller Shark indicator to fire the proper signals.
Imagine that even with the spikes of Zeller indicator and Effective voume combined
i get a decent autotrading system that keeps loosing money on the "bllody" spikes but makes it back afterwards on the runs.
I always use renko bars in all trading and autosystems i make.
So if anyone can make a system or a plain indicator that we can use from effective volume (green and orange signals) i would be really obliged.
Take care all and all the best.
Thanks Big Mike for an astounding site and effort...