This is a clone of the "DTS" Scalper used by The Professor in Day Trading for Success and made "popular" by TraderOracle.
The indicator shows you volume plus two lines that show the buy/sell % of the volume as well as a table showing those percentages and which is currently winning for the current time bar.
See DTS: www.youtube.com
See TO: www.youtube.com
I have updated the indicator to help visualize volume . The percentage scale is based on a 21 period look back average . The colored volume bars represent volumes that exceed specified standard deviation of this 21 period average as indicated in the figure. The deviation bands are based on a the 55sma of the 21 period average (brown line). A 8 period sma of the 21...
