Hersheys Volume Pressure v2

10 thg 2, 2017

Hersheys Volume Pressure gives you very nice confirmation of trend starts and stops using volume and price.

For up bars...
If you have a large price change with low volume , that's very bullish .
If you have a small price change with low volume , that's bullish .

For down bars...
If you have a large price change with low volume , that's very bearish .
If you have a small price change with low volume , that's bearish .

Look at the chart and you'll see how trends start and end with a PINCH and widen in the middle of the moves.

You can set the moving average period, 14 is the default.

Good trading!
Brian Hershey

v2 change log...
- issue with price gaps - gaps at the open were sometimes showing incorrect colors
- scaling issues - sometimes a change is so large it scales down all nearby data and renders it hard to view. Code was added to clip those huge values.

v3 what's coming next...
- better scaling - sometimes with thinly traded stocks there is too much clipping. For now increase the chart interval to correct.