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VSR Indicator v1 5 *
Volume/Stochastic/Reversal Bars
wanted to go ahead and share something that Big Mike wrote for me that may help you in your trading. This indicator utilizes Volume, Stochastics, and Reversal Bars, to plot out potential reversals in the market.

I have found that it works especially well with Range Charts. I will say the Volume component has to be tuned down under 1.00 or a lot of triggers get filtered out. Probabably some enhancements could be made in that arena.

Caution should be taken on Trending days as a lot of false signals will be generated. It is best used as a supplement to other indicators.

Category The Elite Circle 
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Details: VSR Indicator v1
Category: The Elite Circle 

June 13th, 2010
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