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I read the thread too with interest. I can't help but wonder whether UB is cherrypicking trades in the screenshots. However, I must admit that the idea sounds like a good one. I look forward to seeing how this develops. Best of luck RJay.
Took me forever to find the date & time of one of his examples. He said his times are PST, they're not.
I attach his chart and mine. I traded with 233 tick chart for a long time so that's my usual setting for timing entries. I also tried smaller tick settings and it went unnoticed. Which makes sense cause if you break down a volume spike bar into smaller bars there is a more gradual increase in volume and not a spike.
I've noticed this myself in my trading. Often I have identified a setup and I'm waiting for my trigger which is usually a HH or LL (1 bar). Often price will move very fast and then slow down and then trigger. Taking into account his quote, it seems someone is wanting to buy so they sell and then buy it back and then some, thus triggering my trade.
I also think he has something we need to check further.
I stumbled upon one of his charts a few months ago and then I asked about this indicator in a post a few weeks ago in futures.io (formerly BMT), but no one knew what I was talking about. So I kept looking until I found it again.
I'm glad someone else here is interested because I think it will benefit all of us to research the indicator.
p.s. What are you doing up this late/early... I thought I was the only nut on futures.io (formerly BMT) at this hour
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Our family has some kind of stomach virus. 3 out of 4 are sick. I think we're better now, that means no one has thrown up in the past 12 hours. Still got the "Big D" though.
I've been up since 3:30 and one of my daughters woke up at 5am. Been a really tough weekend. But at least I have nothing other to do than the catch up on trading.
here's a little indicator I made to show the avg time between trades. Just this simple thing is quite revealing.
How is a time histogram indicator on the volume charts different from this concept of trade intensity? The time histogram indicator will help tell you how fast a range, tick, or volume bar paints. I thought it was really interesting to see what happens in under 20 seconds on a 100000 volume chart.