Stopping volume occurs when a trend is exhausted and hits a brick wall of traders who are stopping the trend and pushing price in the other direction. We can detect this if the POC (and thus the most volume) is traded at the edge of the candle and the volume traded at the bid or ask is higher then the previous 3 (custom value ) candles
RULES:
- Green bar with POC near the low of the candle
- there is more volume traded at the bid at the lowest 2 price levels in the current candle then there was traded at the bid at lowest 2 price in the last X candles
- Red bar with the POC near the high of the candle
- there is more volume traded at the ask at the highest 2 price levels in the current candle then there was traded at the ask at highest 2 price in the last X candles
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In review
💡 Feature Request
About 1 year ago

nookie
Get notified by email when there are changes.
In review
💡 Feature Request
About 1 year ago

nookie
Get notified by email when there are changes.