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hariusa72

New Volume Indicator

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I found a new volume indicator at http://www.tradershelpdesk.com It is really interesting. Surprisingly, I found that the color of the volume bar (buyers versus sellers) wasn’t important – it is really about the height of the volume bars, which is also what Tom Williams says in his book, Master the Markets (you can download the indicator and book free from their website). I hope this will help other volume traders.

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I'm not sure the easy language is available. But I noticed that it can catch the buying climax, selling climax, low volume tests etc based on Tom's book. If you know buying climax, selling climax, tests etc,it might be helpful, otherwise it is just few colors. I like the low volume tests in that indicator, it is helpful me to catch the low risk entries. Good trading!

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