I would feel more confident if the ADX (black line) is above 20 but in a falling state. In this case it looks as if it increasing...
My interpretation of Volume and Price:
Volume Share Price Interpretation
Decline Uptrend Bearish
Decline Downtrend Bullish
Increase Uptrend Bullish
Increase Downtred Bearish
What are your thoughts on
GLBS? How do you translate volume and price increase/decrease?
If you have recommendations or tips - please, let me know below at the comment section.
/Pat
My interpretation of Volume and Price:
Volume Share Price Interpretation
Decline Uptrend Bearish
Decline Downtrend Bullish
Increase Uptrend Bullish
Increase Downtred Bearish
What are your thoughts on
GLBS? How do you translate volume and price increase/decrease? If you have recommendations or tips - please, let me know below at the comment section.
/Pat
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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.