A valid breakout should be followed by more buying but occasionally the low of the Volume Climax Up bar is tested. This shows that the buyers are anxious to get on board and large volume enters the market and bids up prices quickly. The beginning of an up trend is almost always marked by a Volume Climax Up bar. Volume Climax Up bars are typically seen at: The default setting is to color the bars red. Volume Climax Up bars indicate large volume demand that results in bidding up prices.

Volume Climax Up bars are identified by multiplying buying volume (transacted at the ask) with range and then looking for the highest value in the last 20 bars (default setting). The Better Volume indicator also comes in a PaintBar version, so you can see the coloring on the price bars themselves.īetter Volume Indicator: Volume Climax Up Better Volume Indicator: Volume Climax Up (Emini 5 min) When there are no volume signals the default histogram bar coloring is cyan.

Volume Climax plus High Volume Churn – both the above conditions (magenta).

High Volume Churn – high volume, low range bars (green, PaintBar blue).

Volume Climax Down – high volume, high range, down bars (white).

Volume Climax Up – high volume, high range, up bars (red).

The Better Volume indicator improves on your typical volume histogram by coloring the bars based on 5 criteria:

Volume transacted at the bid or the ask.

You can figure out whether the Professionals are buying or selling by analyzing: But if you know how to analyze and interpret it, you’ll be able to see market turning points develop and anticipate pullbacks and trend changes.

Volume has to be the most underrated market variable used in technical analysis.

Signal 23 climax