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zeezeetop
10 Jan 2022 pukul 23.09

ATR Volume Divergence 

Euro Fx/U.S. DollarFXCM

Deskripsi

The indicator measures ATR relative to VOLUME of each candle, marks the candles where there is more volume than in the previous one, but a lower ATR - signifying a compression in price movement - resistance. It also marks the candle where there is a greater ATR than in the previous candle, but lower volume - signifying an expansion in price movement - vacuum.

P.S. Bring indicator to FRONT to see the colored candles clearly



Komentar
TonyCampbell
What color represents expansion ? What color represents compression ? Third color ??
zeezeetop
@TonyCampbell, Blue is expansion, Red compression, Orange relative compression - half smaller without half less volume.
setite
Can we simply assume red candles are reverse points and blue ones are continuations to current move?
zeezeetop
@setite, Yes, but red can also be continuation in breakout market, and blue can be reversal in trend exhaustion, so more context is recommended.
setite
@zeezeetop, thanks!
greekpirate82
Hey again and greetins from Greece.i have one more question ,if you could reply..i am trying to use the indicator but after a while or seconds the color dissapear from the bars,and i have to get in and out to reappear ..any idea?
zeezeetop
@greekpirate82, bring indicator to front, visual order
greekpirate82
@zeezeetop, thank u!
greekpirate82
When the red candle appears in the downtrend then it means support? And the blue in downtrend is continuation?also can I use it in lower tf as 1h 15m?Thank u!
zeezeetop
@greekpirate82, it depends where and in what direction. If there is a pullback and you see a red, then it means support for the trend and continuation. If there is a double top and you see a red, it means resistance and reversal. Blue candle is basically confirmation of the present momentum, red candle resistance to the momentum. Red can also be a breakout point, and blue final exhaustion before reversal. Use wisdom.
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