Bull trend meter and high volume injection
This indicator measures short- and medium-term bullruns – periods and ripples/waves when a strong trend can start or is in beginning phase. Suitable for combination with our other indicators.
It is suitable for 1 hour, 2 hours and 1 day timeframe
Yellow(Neon)-green prominent columns show high volume injection – a large volume of traded contracts within the given candle (high volume of trades beyond the statistical framework of the calculation) possible big purchases of big institutions.
Green bars show a short-term trend change and the probable arrival of bulls (buyers)
The yellow line shows the statistical average of the trend – if the green columns exceed the yellow line, it usually means that the trend and bulls (buyers’ interest in offering higher amounts) exceeds the statistical average.
Red columns mean either the end, stagnation or change of trend or a possible end of the bullrun and also a statistically more significant negative volume of trades (negative volume), but this is not a rule and it can only be a temporary pause after which the bullrun can continue, therefore we recommend using it in combination with other indicators and further analysis together with reasonable money, risk and position management (more info in our other articles).
In addition, this indicator works in real time, it shows the columns already during their formation, and their height changes according to the current price-action. Unlike lagged indicators that display (or repaint) only after the candle closes and therefore often cannot be relied on for real-time strategies, this indicator works in real time! Indicators that are displayed only after the closing of the candle often look very good when looking at the past, but they are dangerous because they distort the trader’s view and cannot be relied on in real time – when looking at the past, they showed a nice signal, but in reality it was lagging and was displayed, for example, until the next day after closing the previous candle it is a huge problem and that is why we designed this indicator for real-time rendering!
How we use this indicator:
This is not investment advice or guidance. We are not financial advisors. Read the full disclaimer below. These are just our personal experiences, which please take only as information and possible teaching/education.
– We usually look at the height of the green columns, if they start to appear, it is the probable start of a new bull-run. However, it is necessary to look at the price/price action from a complex point of view, therefore the long-term 1-day trend, which we usually measure with the indicator (Main Trend Power & Big Volume indicator) is of primary importance
You will read these things after purchasing the full version of the indicator:
How do we use the Next indicator and what do the other lines represent and how do we use them? On what timeframe do we use the indicator? Do we use it solo or with other indicators? With what?
On what timeframe do we use the indicator?
What stocks/assets do we use the indicator for?
DISCLAIMER / INFORMATION:
