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Exhausted Volume (Expo)

DESCRIPTION

Exhausted Volume (Expo) indicator visualize exhausted volume . Exhaustion often signals the reversal of a current trend because it illustrates excess levels of supply or demand, indicating a market is either overbought or oversold.

The indicator can also be used to detect volume pressure in either direction which can occur in breakouts or in reversal points. The input variable ‘Volume Length’ can be changed. A longer Volume length means that the indicator detects bolder exhausted volume .

• Volume pressure is seen in reversal points.
• Volume pressure can be seen in breakouts.

The indicator is also equipped with exhausted volume signals that are more sensitive. This is visualized with arrows up and down. The investor has the ability to adjust the sensitivity of these signals.

HOW TO USE

1. Use the indicator to identify exhausted volume
2. Use the indicator to identify volume pressure.
3. Use the indicator to identify reversal points.
4. Use the indicator to identify breakouts.

Combine the indicator with ‘Climax Volume (Expo)

 

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