Volume Reversals and 4h MAs

31 thg 10, 2020

This script is tailored to 15 minute charts.
It overlays volume reversals and some long term MAs to help set your bias - I like to consider the following factors when evaluating a trade:

Trends for entry:
* Long term trend direction to set bias: Purple line
* Medium term trend on the right side of bias: Orange on the right side of purple
* Distance of price from Purple line - prefer to cross orange in line with bias, but sometimes it's ok to be wrong side of Orange

Volume reversal signal - short term reversals in OBV:
* Arrows indicate 15 minute volumes increased while close reversed over three candles

Exits:
* Consider exiting when crossing short term trend - Blue line

1 thg 11, 2020

Phát hành các Ghi chú

In this version, we replace the SMA with volume weighted moving average.

Volume is a critical market dimension that many traders ignore - price can be misleading when taken in isolation.