calculates, price change * volume over a specific time window. It reflects trend, momentum and volume participation. It can be used to find divergences.
Hi Ricardo,
I had published a few scripts but never an idea alone. Used this as one of indicators in 1st idea published. Good chance will pull trigger on that GLD option trade in the morning. Keep smiling and thanks!
Using at inputs 2, 11, 3, I find this leads my 2 favorite indicators by a bar or more and when it disagrees with my color signals the price is in a range or reversing. Nice!
JazzByrd
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@Tom1trader, I've also found it's great as a confirmation indicator with a zero line cross. Keeps me out of bad trades and helps me exit trades early (and with profit) that don't look like they'll work out.