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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.

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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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