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Volume indicator to show Bullish/ Bearish Bias
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[QUOTE="PaulVic, post: 203321, member: 37878"] Hi Hayseed and the RugRats (is that a rock band!!!) Anyway.. That is great thanks for the indicator. I am not a programmer by any stretch of the imagination but think I understand your point re "... buffer = 0 ..." Seems to work just fine, noted especially on the two bars to the right of the vertical red line, price bars marked red but actually is bullish volume attributed to them (spot on) followed by two lower volume ease of movement up bars all very bullish. To the right of the chart, the bars that formed while I had the chart open, noted the volume bars change colour. At first I thought this was a problem, but seems to show the changing character of the bar (and bars at that level). After the up move (after vertical red bar) into the selling zone (previous high) all the volume bars start red, as if the smart money is allowing selling to come in but price goes no where, selling is being absorbed, bullish. For the upmove to continue I think we would need to see overall volume diminish but also the proportion of red bars to green reduce (more green bars coming in). If not, I think it would show selling cannot be absorbed as there is to much, smart money would then allow price to fall so they can buy even cheaper. Appreciated, many thanks and a happy prosperous new year regards Paul [/QUOTE]
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