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Retracement/Sideways action follow peaks of volume?
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Retracement/Sideways action follow peaks of volume?

  #1 (permalink)
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Retracement/Sideways action follow peaks of volume?

Been noticing peaks of volume are immediately followed by sideways or retracement action. Never saw this using the standard indicators but using one that I wrote that accumulates volume over a period is where I saw this behavior. Is this something worthy of study or am I just seeing things.

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  #3 (permalink)
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Are you using time based charts? If you are, I think you should track it and report back If using price based charts, it is kind of self explanatory.

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  #4 (permalink)
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I'll describe what I'm doing...I use a 5 second chart squeezed together with my Volume Accumulator indicator set to period of 24. The period of 24 essentially means the indicators sums the volume over the previous 24 bars with translates to the last minute. So, it's a rolling sum of volume over the last minute or whatever I set the period to.

I'm including my indicator and a template if anyone wants it.

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  #5 (permalink)
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oh by the way...the period parameter in that little indicator is immaterial. It's hard coded for 1 minute summations.

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  #6 (permalink)
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Math Skillz

Also, 60/5 is 12 not 24 anyway.

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  #7 (permalink)
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jefe View Post
Also, 60/5 is 12 not 24 anyway.

Duh...of course.

I have excellent math skills as long I get the right answer.

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