Better Volume Indicator
Do you use a volume value to evaluate a trade entry or exit? If yes, Better Volume indicator is just right for your trading style. It is much more informative than default volume bars as it represents a trend stamina.
Yellow colored bars are nothing but weak transaction interpretation, which signals us to avoid any trading. Blue ones tell us about normal trading activity, but still not the best place to trade. Red is just right to focus on buy and White - on sell, as they both alert for possible trend arising. Green bars - to finalize results owing exhaust of trend later.There is also a moving average line which serves as equator to justify a bar’s size and its possible behavior change. All in all Better Volume looks very consistent, reliable and worth to put it in your backpack before climbing on new market’s heights.