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It seems 40 or so people have downloaded this but I have not found much of a discussion around it.. From what I have seen today, this does a real nice job of identifying turning points based on volume (something I have always been interested in but never found an indicator I felt comfortable with).
Like any indicator there are some false or lets say "weaker" signals than others, but on the whole in my view this is worth taking a look at.
Very impressive Cory!
Can you help answer these questions from other members on NexusFi?
Excellent work Cory. Can you tell me what time frames does the indicator work best....Tick charts, Range bars, Min Bars.... I tried on tick charts, but signals were not as great. Any ideas are appreciated.
as general rule the more volume (longer time frame) the better it works. try 7 range chart for ES I don't know how that translate into other time frame for other contract thought. Note the S/R dot won't plot ahead of the range bar.
Can you please talk about your trading strategy using this indicator. I just loaded it up onto a 4 range chart and it looks really good. I would like to learn more about how you trade this.