v1.3:
— I improved the Auto-Steps intrabar resolution logic. The 2 Auto-Steps modes now calculate the intrabar resolution to guarantee a minimum of 12 or 24 intrabars. The default is 24. Additionally, the logic takes into account whether your chart is running on conventional or 24/7 markets, modulating the intrabar resolution as needed so the minimum required quantity of intrabars is used.
— I brought down the default period for the Volume Balance Averages from 100 to 50.
— Fixed a minor oversight that caused divergence lines to plot in the realtime bar.
This indicator has become a mainstay on my charts. I like to use it with my Bar Balance, as that indicator only looks at price.
Always manage risk first. If you are learning, do not let the inevitable costs of learning ruin you. Make the smallest bets your broker/exchange will allow, so you can lose on hundreds or thousands of trades over a few years and still be able to trade and quietly focus on learning. Record EVERYTHING: your numbers, your thoughts, your experiences and your feelings. As Lionel Shriver writes: "Be leery of orthodoxy. Hold back from shared cultural enthusiasms." Be your own trader. Read others if you want, but figure out things for yourself. When working, sit straight and relaxed. Breathe! Be both ruthless and gentle with yourself. Go slow. Know your tools inside and out. Relentlessly keep your sights on the big picture. Have fun.