[TTI] Volume Rules

2022년 5월 26일

https://ibb.co/Bz0bNh2
👆 Look at how the script looks when you hover with the mouse

––––History & Credit
Volume and Price action have been the sole foundation to technical traders since technical analysis has been around. This indicator includes some of the important volume rules that I have collected over the years and the ones I have seen that work. In general credit for the methods used in this indicators has to go to William O'Neil, Stockbee and Mark Minervini.

–––––What it does
There are 3 functions of the Volume rules indicator. The top line, the bottom line and the label.
1️⃣. The top line looks at a few basic volume patterns that are important to pay attention too.
🔵 Higher volume than yesterday and day closes up
🟣 Higher volume than yesterday and day closes down
🟡 Volume X times higher (defined in settings) over the last Y (defined in settings) days. Default is 2x higher compared to yesterday.

2️⃣ The bottom line looks at StockBee Labels
L4 custom criteria + 100k minimum trading day (bearish)
H4 custom criteria + 100k minimum trading day (bullish)
L9 custom criteria + 9M minimum trading day (bearish)
H9 custom criteria + 9M minimum trading day (bullish)
L49 custom criteria + 49M minimum trading day (bearish)
H49 custom criteria + 49M minimum trading day (bullish)

StockBee Labels:
https://ibb.co/XpJmgDy


3️⃣ The label looks wether the picked ticker meets the minimum requirement for trading (as per methodology) and how is the price action performing.
TDV = total dollar trading volume
Trading Volume = #stocks
If the above 2 meet the criteria in the settings pannel the label is green if both do not meet the label is red and if one is met and the other is not the label is yellow.

Additional comparison of the trading volume to the 10D, 20D and 50D MA of the volume and two custom indicators:
1. Volume Signature = whereby the indicator looks that the highest down volume over the last 10days and compares it to todays volume
2. Vol in vs Vol out = whereby the indicator looks at the volume of the breakout compared to the average down volume over the last 10 days


–––––How to use it
When trading always look for volume confirmation in the direction of your trend. The volume footprints are one of the ways to shadow institutional support. Bearish and Bullish signals are described above.