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Climax Volume (Expo)

DESCRIPTION

Climax Volume (Expo) indicator is designed to detect escalated trading volume and sharp price movements. Climax occurs from the last rush of investors who buy into a rising market or sell into a declining market. In both situations, a climax usually signals the end of a strong bullish or bearish market trend.

The investor has the ability to adjust the sensitivity of the climax as well as the length of the volume being included in the calculations. Longer Volume length means that the indicator detects bolder climaxes.

HOW TO USE

1. Use the indicator to detect Climaxes

Combine the indicator with ‘Exhausted Volume (Expo)

 

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Access the Climax Volume Indicator on TradingView

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