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Cape Town South Africa
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, Oil, Gold
Posts: 8 since Apr 2014
Thanks Given: 0
Thanks Received: 3
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Hello,
I am learning to use the Better Volume V3 Indicator and I will be grateful to the people who use this indicator intensively. I Know that the start of an up trend is most of time characterized by a Volume Climax Up and the end of the this trend is either signaled by a high volume churn, a low volume or another Volume Climax Up. The Inverse for Down Volumes. For up trend, there can be Volume Climax down for the retracement periods, inverse for the down trend.
My question is the following, most of the times after the triggering of a potential up trend, and if that is confirmed, we see that there can be me many volume climax up bars ( Red ), how to interpret these bars? New Demand being met? And how do we distinguish it with the end of the of the trend. So how to interpret a Vol Climax Up in a uptrend continue?
Thank you very much.
KD
P.S : I have uploaded a screenshot which will illustrate what i am saying.
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