Hersheys Volume Pressure gives you very nice confirmation of trend starts and stops using volume and price.
For up bars... If you have a large price change with low volume , that's very bullish . If you have a small price change with low volume , that's bullish .
For down bars... If you have a large price change with low volume , that's very bearish . If you have a small price change with low volume , that's bearish .
Look at the chart and you'll see how trends start and end with a PINCH and widen in the middle of the moves.
You can set the moving average period, 14 is the default.
Good trading! Brian Hershey
v2 change log... - issue with price gaps - gaps at the open were sometimes showing incorrect colors - scaling issues - sometimes a change is so large it scales down all nearby data and renders it hard to view. Code was added to clip those huge values.
v3 what's coming next... - better scaling - sometimes with thinly traded stocks there is too much clipping. For now increase the chart interval to correct.