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Volume exhaustion indicator
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Volume exhaustion indicator

  #1 (permalink)
Trading Apprentice
Cincinati, Ohio
 
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Volume exhaustion indicator

What does volume exhaustion look like on the chart?

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

Do a search for Volume Stop.

https://futures.io/ninjatrader/885-cory-s-volumestopv3-now-v4-worth-look.html

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  #4 (permalink)
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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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Regards,

Dudley

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  #5 (permalink)
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Volume Exhaustion

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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  #6 (permalink)
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Better Volume


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
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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)
Elite Member
Australia, NSW
 
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Posts: 28 since Aug 2012
Thanks: 18 given, 11 received

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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