Cumulative Volume Experimental Template (Beastie) MT4Beastie wrote: Fri Jul 15, 2022 10:09 pm I thought I’d post this here in case anyone hasn’t experimented with it, it seems quite interesting. I had to change the colouring as the standard colours didn’t make any sense to me. I couldn't tell you if I’m reading it correctly, but how I read it is:
- Blue line = general market volume increasing or decreasing
- Red line = bearish pressure increasing or decreasing
- Green line = bullish pressure increasing or decreasing
If the blue and green go up it’s a buy. If blue and red go up it’s a sell. If all go down it’s a dead/sideways market or time to exit.
I’ve highlighted some possible entries on the diagram below:
I’ve aslo been experimenting with layering this with cumulative volume (with MA) for extra filtering and confirmation. Just playing around if anyone else wants to explore it:
This is neat and it's an interesting concept, thank you for taking the time to post it up my friend.
I'll attach this template for others who would like to try the idea out, too. I'm still having a play around with it, but it's really nice to see a unique idea like this. Have I got the settings right in the template according to the colors?
