High Volume Turns
Most of the time, market reversals / pull backs usually follow volume and price spikes thus these spikes could be the first indication of an exhaustion and possible reversal/pullback. High volume Turns is an indicator that scans the market for price and volume spikes around over-bought/over-sold market conditions. These spikes when spotted serves as the first indication of reversal/pullback.
Note : Though it seems ok now but this is a system that is still under development. We have made it public because we want you to win in forex as much as we want to win. We believe in the power of combined efforts thus we have taken the first step in publishing it for free. We could have been greedy and put a price tag on it because the current system is still good for sale but that wouldn't have helped you. So don't just download and use, please make sure you do your research too and share your ideas of how the system can be made more perfect. Found a way for this system to work for you, please share your trading idea because that is the whole essence of publishing this product for free. If we do not get comments and reviews, we would be forced to take the product down so please help us help you.
How To Use
- Volume and Price spikes are represented by an arrow. This is the first indication of an exhuastion and not an entry signal
- Enter signal when momentum candle aligns with the current signal
- Compatible with all symbols and time frames
- Volume Spike Index : Used to define volume spike ratio
- Maximum Entry : Number of bars before breakout is invalid