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This indicator allows to view where the action (under MA200) had a high volume with conditions on moving averages for a good probability of trendfollowing.
It must be installed under the chart and was optimised for WEEKLY timeframe.
There are 2 categories of detections :
- a green bar means there is a high volume and some added conditions on moving average for a trendfollowing.
- a gray bar means there is volume and some added conditions on moving average for a trendfollowing.
Advantages :
- good probability for a trendfollowing when used in WEEKLY timeframe.
- a screener is available to detect actions with these conditions.
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