This indicator used to check the power in price and volume while the money going in and out of the market. It takes combination of price power, its direction and volume into consideration.
*** Can be used on long term chart (monthly or weekly) or even short-term one like daily, hourly chart.
*** Indicator colors:
- Red: trend down
- Green: trend up
*** Guide to use this indicator:
- Buy when it is under 0 and starts going up.
- Be hesitate to buy when the indicator is over 0, as your risk is big and the reward is low.
- Always put a stop when you go in the market, as NO indicator can guarantee you 100% correct all the time.