Volume Strategy Idea I want show how to combine three of my scripts to derive trading signals. I am going to build this into a coherent Indicator, so any feedback while I am developing is appreciated.
You want to see VAMA defining the trend direction. Then you look to enter on the bars where the Volume Flow Indicator is issueing an New Signal (Dark Green or Dark Red), and Volume Bars showing a significant or massive volume event. These two signals must happen at the same bar and in the direction of the trend defined by the VAMA to confirm a signal.
Im working on this script as I write this and you will find it in my script library soon. I will call the Indicator "Volume Runner". Enjoy.