Trend line is established by second volume bar being within 45 degrees above or below previous bar high. The trend line is broken up first bar that forms at a greater than 45 degree angle (up or below) than last volume bar in trend.
One can confirm trend reversal by looking at candles that correspond to volume bars that indicate a trend reversal (greater than 45 degree angle from previous volume bar).
One can confirm trend reversal by looking at candles that correspond to volume bars that indicate a trend reversal (greater than 45 degree angle from previous volume bar).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.