On a day like today, where volatility is high, the value of the Klinger Volume indicator is obvious. Note that at the locations where I have placed the arrows, the Klinger+ATR Volume indicator tends to anticipate an imminent change in direction of the market.
When the market changes direction so rapidly, accurate execution of trades can become difficult, and a trader must remain extremely alert at all times. Many of these trades last less than 2 minutes each.
On occasions that the Klinger indicator suggests a change of direction, but price action consolidates rather than reverses, the likelihood increases that when prices reverse again in the direction of the previous trend, that trend force will be amplified. Additionally, if prices do not reverse powerfully in the direction of the original trend, the probability of a new trend or consolidation increases. In truth, one never knows precisely what is going to happen. There is no perfect indicator except prophecy!
When the market changes direction so rapidly, accurate execution of trades can become difficult, and a trader must remain extremely alert at all times. Many of these trades last less than 2 minutes each.
On occasions that the Klinger indicator suggests a change of direction, but price action consolidates rather than reverses, the likelihood increases that when prices reverse again in the direction of the previous trend, that trend force will be amplified. Additionally, if prices do not reverse powerfully in the direction of the original trend, the probability of a new trend or consolidation increases. In truth, one never knows precisely what is going to happen. There is no perfect indicator except prophecy!
