Please add the Volume sequencing indicator

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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Upvoters
Status

In review

Board

💡 Feature Request

Date

About 1 year ago

Author

nookie

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