Looking at this chart using Low Volume , when it turns down the blue line should be the exit point ?
If I understand the thread.
If I understand the thread.
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Dislikedhukam, a very interesting idea! abokwaik, your threads are fantastic and always thought-provoking! Could one use a HVC (high volume candle - defined as the opposite of the LVC, i. e. indicating strong players) pointed along the direction of next LVC as an entry trigger? Could one say that the HVC is less likely to be retraced? Cheers, kIgnored
Dislikedhukam, a very interesting idea! abokwaik, your threads are fantastic and always thought-provoking! Could one use a HVC (high volume candle - defined as the opposite of the LVC, i. e. indicating strong players) pointed along the direction of next LVC as an entry trigger? Could one say that the HVC is less likely to be retraced? Cheers, kIgnored
Disliked{quote} This is interesting K, is there any HVC indicator available, or we must create it first ? ThanksIgnored
Disliked{quote} impossible, you miss the whole class.. please read first page ( all pages)Ignored
Disliked{quote} I don't think so, but it should be easy to make it from the LVC indicator. I am curious about the stats, and would take a look at them when I find the time. I think I could modify the RecurrenceStatistic for this case easily. kIgnored
Disliked{quote} Good morning Hukim. I cant tell you how happy I was when I saw your thread on tick volume because I have been studying them recently. Please I have a question. The arrow up or down appears after some candles had already form and closed. The chart below will make this point more clear. I thought it was suppose to appear while a candle is forming or immediately after a closed candle. Please any body familiar with this system can also reply. thank you {image}Ignored
DislikedBut I am not getting any output of the LVC Indicator. Please help me.Ignored
Disliked{quote} This looks like an interesting method. Thank you both for the idea and the indicator. It looks like there are so many ways a trader can use this very useful tool. I would suggest an alarm for warning so that one isn't stuck in front of computer all day. Thanks to you all once again.Ignored
Dislikedhukam, a very interesting idea! abokwaik, your threads are fantastic and always thought-provoking! Could one use a HVC (high volume candle - defined as the opposite of the LVC, i. e. indicating strong players) pointed along the direction of next LVC as an entry trigger? Could one say that the HVC is less likely to be retraced? Cheers, kIgnored
DislikedI still see some posts assuming that LVC arrows are for entry. LVC arrows appear after x number of following candles, the larger the number of following candles the more reliable the signals, but also become rare. The arrows are potential exit points for a counter trade. So for example if a Long Entry Target signal appears, the trader should start to evaluate a long entry, based on what ever analysis he has for a reversal of the current short-term trend. Entry analysis can be based on : all types of S/R, Fibo, Candle Patterns, OB/OS levels, Divergence...Ignored
DislikedImportant notice in the above chart (in lime) , and could be used to make the first EA version : Price level of LVCs which represent a potential EXIT target for future entries, can be used as ENTRY points in the opposite direction. EDIT : OK, after reading this post, I think it can be miss-understood. So I will explain more: - In the above example : a trader would have taken a long entry @ 1.5460 targeting the close of the candle with the first Blue Arrow @ 1.5525 (as the last 2 red, and 1 blue arrow would not have been appeared yet). - What I tried to say in the Notice, is that price 1.5525 which represent a potential EXIT target for our long entry, can be used to take a Short trade. Because Closing a Long trade is essentially a Short trade. So if we take a Short trade @ 1.5525 after we close the long trade, we'll notice that after 4 candles from taking the short trade the first red arrow will appear to tell us the potential exit target @ around 1.4990 for our short trade. Once closed we can take a new Long Trade @ 1.4990, and by that time the second blue arrow would have already appeared for a potential target @ 1.5515.Ignored
DislikedI also believe volume is important. But IMO, what's high, what's low ? How is it significant? is it reliable? Example USDCAD 1 Min High volume candles impulse UP (blue) Low volume candles impulse DOWN (red) Impulse UP > impulse DOWN therefore buy the low volume candles (: {image}Ignored