I use volume histogram , so was bored and started looking at the cumulative volume histogram . I came up with this for the 20 day one
the pink line that we are on right now is called the point of control . This is the line that the most activity has occurred in the last 20 days . The point where the max transfers sellers to buyers has occurred.
with price hovering either side of this I would not be trading long or short until the channel 1.6500 to 1.6450 has broken either way
the pink line that we are on right now is called the point of control . This is the line that the most activity has occurred in the last 20 days . The point where the max transfers sellers to buyers has occurred.
with price hovering either side of this I would not be trading long or short until the channel 1.6500 to 1.6450 has broken either way
Blogging daily now at www.volume.zone