Hello everyone and welcome to my blog. I'm going to discuss my newest indicator the ABSAV; why I made it and why I think every trader should use it.
The idea that volume and price and interconnected isn't a new one. I first noticed it while looking for trending markets and how strong a trend could be. What I learned was volume shows strength but not direction and moving average shows direction without strength. So I combined the two to form the Average Bar Size versus Average Volume and I've been trading with it ever since. I have had mixed results but have made positive gains since adding it to my trading system.
Check out my tutorial here: https://www.youtube.com/watch?v=J5xpXtON4dY.
You can also check out the ABSAV on the mql5 market here: https://www.mql5.com/en/market/product/6213. Let me know what you think, I look forward to the feed back.
Good luck and happy trading,