Optimal Swing Volume shows total transactions by price leg

Optimal Swing Volume

Optimal Swing Volume

Optimal Volume simplifies bar volume analysis by linking price direction with volume magnitude

Tn simple terms, this means the volume of consecutive renko trend bars is cumulated until a reversal bar forms, at which point the volume counter is reset and begins to cumulate in the reverse direction.

This makes comparative analysis of swing volumes very simple. Divergences are particularly clear.

As an objective measure, standard deviation bands are plotted above and below the mean allowing the price bars to be colored according to volume strength.

Optimal Swing Volume cumulates the volume of renko trend bars until a reversal bar forms, at which point the volume counter is reset and begins to cumulate in the reverse direction.

This makes comparative analysis of swing volumes very simple. Divergences are particularly clear.

As an objective measure, standard deviation bands are plotted above and below the mean allowing price bars to be colored according to swing volume strength.

Strategy builder compatible. Works on any renko bar type.

NinjaTrader chart showing Optimal Swing Volume divergences

Arrows are for illustration purposes only and are not plotted by the indicator.

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Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results.

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