Volume sequencing occurs when we have multiple price levels with increasing volume. When we see this we know the big guys are aggresively buying this market up (or selling it down)
Bullish volume sequencing is colored with a blue background and bearish volume sequencing with a magenta background. Ofcourse you can change these colors as you wish
RULES:
Bullish volume sequencing
- 5 or more price levels with increasing volume on the ask
Bearish volume sequencing
- 5 or more price levels with increasing volume on the bid
In example below we see a chart in which 3 bars contain volume sequencing. A clear indication the trend is up
If we take at the first bar then we can see buyers pushed the market up from the low and bought it up with increasing volume (0, 17, 165, 181 ,573). Each price level has an increasing volume
volume sequencing can also be extended tot the right for a fixed number or bars, until broken , or until tested.
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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.