INVITE-ONLY SCRIPT
(14) Turning Point Volume VS-332
Although dramatic increases in volume can accurately reflect the sentiment of changes in price, small changes do as well. Think of it this way. Every share sold or purchased is a vote for or against the current price action. If the price has gone up today and the volume also went up, compared to the previous days volume, the votes of the majority of the traders that produced this volume agreed with the sentiment that this price change represented. If the volume was suppressed on this price increase, that sentiment was not confirmed. This provides you with a very good window into the collective minds of traders allowing you to judge every candle, every indicator and every price action in a much more initiative and accurate way. The SDG Turning Point Volume indicator again utilizes a dot system to easily allow you to see in a glance if the volume is confirming the price action sentiment (green dot) or if it is discounting the price action (red dot.)
There are many situations where volume alone can indicate important inflection points in an equities direction. It may not even reverse direction, but an abrupt change in the rate of change, can be a very profitable entry point – if you can see it coming and act in advance of some or most of the traders making this market.
Access this Genie indicator for your Tradingview account, through our web site. (Links Below) This will provide you with additional educational information and reference articles, videos, input and setting options and trading strategies this indicator excels in.
There are many situations where volume alone can indicate important inflection points in an equities direction. It may not even reverse direction, but an abrupt change in the rate of change, can be a very profitable entry point – if you can see it coming and act in advance of some or most of the traders making this market.
Access this Genie indicator for your Tradingview account, through our web site. (Links Below) This will provide you with additional educational information and reference articles, videos, input and setting options and trading strategies this indicator excels in.
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