Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
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.
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.
If using price based charts, it is kind of self explanatory.
