Hi guys,
Allow me to introduce to you some unique volume indicators that might be very useful for you on technical analysis, the missing piece in volume analysis.
One of the indicators is the Buy vs Sell volume, it's a new and a better way to analyze trading volume. The indicator is represented as two bars: up(green) bar represent the buy volume while the down(red) bar represent the sell volume. How to use it? See if the buy/sell volume grow/fall with the price, see if the buy/sell volume support/follow the price, if not then act accordingly. If the buy/sell volume does not follow the price then that means we have a divergence.
But, we have classical volume bars you may say. Yes, but classical volume may be misleading. Many people think a green volume bar means more buyers...but not always is the case. The color of the bar is simply given by the candle color. Using the Buy vs Sell volume indicator you can see the exact amount of buy and sell volume!
Another volume indicator which may be used in conjunction with Buy vs Sell Volume is Buy vs Sell Trades Count. It represent the number of buy and sell trades: up bar represent buy trades, red bar represent sell trades. How can be used? It can be used to spot large trades for example. If you see a large Buy Volume bar but the Buy Count bar is small that means large trades has been executed, possible big players.
So visit Coinalyze
https://coinalyze.net/ and improve your success trading odds!
