OrderFlow Volume ZigZag Histogram indicator

OrderFlow Volume ZigZag Histogram indicator

$225.00
{{option.name}}: {{selected_options[option.position]}}
{{value_obj.value}}

OrderFlow Volume ZigZag Histogram indicator The cumulative volume zigzag histogram is used in conjunction with the order flow zigzag indicator. Where the order flow zigzag indicator shows the price swings on the chart, the volume zigzag histogram indicator displays the cumulative volume for each price swing below the chart. When a new price-swing pivot (up or down) gets detected the volume wave histogram resets back 0. From that point, it will sum the volume for every bar until the next price swing pivot is detected. This way we get to see the volume for each price swing. By comparing the amount of volume inside a price swing with the actual price movements and with the previous swings we get clear clues of where the market might be heading.  One of the signals shown in the volume zigzag histogram is the price/volume divergence. For example, if price makes a higher high with less volume then the divergence gets detected and shown in the histogram. See below for an example     Feature

Show More Show Less