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gbVolumeReversal
gbVolumeReversal, Ver 1.1, TraderGB, May 23, 2021
[ Updated ]
Description
:
This was my attempt to reverse engineer through trial-and-error Mark Leibovit’s volume reversal and volume sequential indicator. The calculations for this are unpublished and remain proprietary. This was first done about six years ago when I had access to the indicator with recent price action and simply messed around with price and volume until matching all the signals. Within this indicator I put a divergence signal, which is not part of Leibovit’s work. I personally don’t use this indicator, but some may find it useful.
References
:
The Trader’s Book of Volume, The Definitive Guide to Volume Trading, Mark Leibovit, 2011, p 255-262
The Encyclopedia of Technical Market Indicators, Robert W. Colby, CMT, 2003, p 778-780
Updates
:
Ver 1.1, 2021-05-27: Included options for each of the two text labels be optional (requested by chartman). Note, if you have 'Show Sequential VR Text' checked but not "Show Sequential VR", Sequential VR text will not appear.
Category
NinjaTrader 8 Indicators and More
Details:
gbVolumeReversal
Category:
NinjaTrader 8 Indicators and More
May 23rd, 2021
Size: 4.71 KB
Downloaded: 1278 times
2379
TraderGB
Comments/ratings
Zenersev
July 30th, 2021 07:46 AM
Thx
Buscador
July 31st, 2021 07:44 PM
No Comment
Abusamjad91
August 6th, 2021 02:17 AM
Thanks
bergenrain
August 8th, 2021 10:32 AM
No Comment
Sam trader
August 29th, 2021 08:36 PM
No Comment
DonL
August 30th, 2021 01:58 PM
Can be very useful!
DonL
August 30th, 2021 01:58 PM
Can be very useful!
d1david
November 24th, 2021 08:41 PM
No Comment
mjones11
January 28th, 2022 10:45 AM
Excellent indicator! Exactly what I needed.
BKOp
February 14th, 2022 03:57 PM
I added a TrendValue plot to make it visible to BloodHound and to mimic gbCloseOverCloseTrendMap.
Code
AddPlot(Brushes.Transparent, "TrendValue");
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