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been wondering how you guys interpret the following bars from demand-supply perspective. hence we can have a clear view whether we traders have the same opinion over this matter. would be glad if you guys can share. =)
1. churn bar -> look for breakout or reversal
2. churn bar -> look for breakout or reversal
3. breakout or climax bar -> continuation or reversal
4. breakout or climax bar -> continuation or reversal
5. low volume bar -> trading range
6. low volume bar -> trading range
7. low volume bar -> fake bar or midtrend
8. low volume bar -> fake bar or midtrend
You can use one of the many Better Volume indicators to display these bars.
Churning is a slang term that is defined as excessive trading on a client account by a broker. The purpose of the activity is not to benefit the investor, but to generate additional commissions for the broker. Also referred to as twisting, the practice of churning is considered to be highly unethical and is illegal in many markets.
Related to Volume churn is an excess of Volume activity. Attached the picture of a churn to mount the butter, to increase the volume of fat in the milk, this is where the analogy comes from.
