PROFESSIONAL LONG & SHORT VOLUMES
This script plots most important long/short volumes that identifies supports and resistances levels.
These levels are often turning points or at least they identifies BUY/SELL area and TAKE PROFIT zones, offering an advantage to setup initial small stop loss (to move into BREAK-EVEN LEVEL after the right direction is confirmed).
If these levels are broken they often evolve into long/short squeeze.
It works with stocks/etf, futures, FX and spreads too.
My advice is to apply it on 2-4 contemporary time frames and to trade observing/following volumes on different frames with a sequential ZOOM IN approach (with FX and 24h futures: weekly, daily, 8 hours, 4 hours).
These levels are often turning points or at least they identifies BUY/SELL area and TAKE PROFIT zones, offering an advantage to setup initial small stop loss (to move into BREAK-EVEN LEVEL after the right direction is confirmed).
If these levels are broken they often evolve into long/short squeeze.
It works with stocks/etf, futures, FX and spreads too.
My advice is to apply it on 2-4 contemporary time frames and to trade observing/following volumes on different frames with a sequential ZOOM IN approach (with FX and 24h futures: weekly, daily, 8 hours, 4 hours).