Volume Divergence Indicator
Volume Divergence indicators for Futures and Commodities easily identifies when there is divergence between price and volume. And, since identifying where price will go is key when trading out of the money binary options, this is a must have for binary option forex, futures, and commodity traders!
The THD Volume Divergence indicators includes three indicators that are utilized most effectively within the TradeStation RadarScreen or Multicharts Scanner programs.
First, identification of trend divergence identification — which identifies volume divergence within the trend.
Second, is the Average True Range Stop Loss divergence which identifies when volume is diverging within a specified number of ticks of the average true range stop loss and identification of how far price is from the average true range stop loss plus audio, visual and email alerts when the volume divergence is triggered..
Third, a slow moving average divergence which identifies when volume is diverging as price approaches a slow moving average and identification of how far price is from the slow moving average plus audio, visual and email alerts when the volume divergence is triggered.
*Not designed for Spot Forex. Since Multicharts provides multiple data providers, it will work on some but may not work with all data providers.