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Volume exhaustion indicator


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Volume exhaustion indicator

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  #1 (permalink)
Gordoman
Cincinati, Ohio
 
 
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What does volume exhaustion look like on the chart?

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  #3 (permalink)
 DavidHP 
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Gordoman View Post
What does volume exhaustion look like on the chart?

Do a search for Volume Stop.


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  #4 (permalink)
 mrmuggins 
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Gordoman View Post
What does volume exhaustion look like on the chart?

@Gordoman

I have attached a 5 min Crude chart from Friday, showing what an exhaustion (Buying Climax) should look like.




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Dudley

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 cowjuice 
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Hi mrmuggins,

Mate, just wondering if you could tell me the name of your indicator from your charts that identifies the climactic volume spikes ?

cheers,
Paul

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 mrmuggins 
manchester, england
 
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cowjuice View Post
Hi mrmuggins,

Mate, just wondering if you could tell me the name of your indicator from your charts that identifies the climactic volume spikes ?

cheers,
Paul

Hi @cowjuice

I use the Better Volume indicator to identify buying/selling climax (exhaustion). It does not always work out, but works enough times for it to be my main reversal methodology.

I note that you have requested an exhaustion indicator based on specific criteria relating to the relative volume (from the 'Want your Ninja Indicator created' thread. The only 2 criteria I use are:

1 - to be the largest volume of the day so far and be at HOD or LOD

2 - Where it closes - i.e, it has to look like a reversal bar, closing near it's low for a top reversal (buying climax) or near it's high for a bottom reversal (selling climax)

However, be careful if it is the RTH opening bar, as that is usually the largest volume to that point, and more often than not, gives a fake signal.

I am attaching a chart of today's 5 min CL chart.

Regards,

Dudley

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  #7 (permalink)
 cowjuice 
Australia, NSW
 
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Thanks Dudley,

I appreciate the info.
For sure, you method has plenty of cred... especially if it works for you

The indicator I am hoping to have created is pretty specific to a trade setup I look for... which really isn't that dissimilar to your method, just with a slight variation.

Cheers mate.

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 agatto2 
aynor Sc
 
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mrmuggins View Post
Hi @cowjuice

I use the Better Volume indicator to identify buying/selling climax (exhaustion).

Regards,

Dudley



Where is the download for that guy....? Is it the one at tradestation apps?

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  #9 (permalink)
jamin888
London
 
 
Posts: 5 since Mar 2021
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Better volume is very good, agreed

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