Hersheys Volume Pressure v2

10 בפבר׳ 2017

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.