We just came out with a new professional breakout trading strategy that uses the VWMA (Volume Weighted Moving Average). The VWMA is a simple technical indicator used for volume analysis. The VWMA is one of the most underused technical indicators that only professional traders use. It is based on volume and price. What makes this strategy work the best is first to only find V shaped swing lows or highs. Second is when the breakout candle closes that the VWMA is at a steep angle. Search different pairs and different time frames for V shaped swings and test this out for yourself. It works great.
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.