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the new version comes with a free indicator that will make the "accumulation number" visible. those numbers show the activity in congestion, non trending, reversals or continuation halt. with that information we can look for patterns and use them as trade location or simply as a confirmation tool.
I like to sell near a swing high and to buy near a swing low. interestingly we get consistently an accumulation number at those highs and lows with the activity bars. I'm not saying we should buy/sell every time a number shows up, but maybe check before we enter a trade if we have one of those numbers.
example for a possible trade (from yesterday):
- location = 2nd upper sd band
- we have an accumulation number
- nice divergence, positive delta with a down bar (second picture)
I would say those are good reasons to consider a short.
I have to say those accumulation numbers are quite fascinating. I don't know how they are constructed, but nevertheless even with the increased volatility, they're very useful.
like mentioned before, it's not a good idea to take every single number that shows up, but confirmed with very simple rules like vwap, imbalance levels, delta divergences etc, they're certainly helping to make the right decision. (also I do understand that there might be some serious slippage problems these days)
anyway I was wondering if someone else testing those bars has a similar experience.
I have thought about this concept and wondered what advantages it should bring. The activity bars are composed of tick data. That's an advantage over candles.
The numbers show events occurring within the Activity Bar. We don't know what these events are. The more events, the higher the number.
What now?
I'm confused.