Decreasing or less volume, when approaching an old support/resistance shows a lack of interest from professional money to participate at these areas and prices are more likely to reverse.
The latest version of the Double Bottom/Top indicator compares the volume of the current bar with the volume of the 1st Bottom/Top ("old" support/resistance).
If you already had a trial of our indicators and want to check them out again, just drop us an email with your NinjaTrader Machine ID and we set you up for a another one.
Risk Disclosure:
Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
