Impulse Volume Emiliano Mesa Oscillator — Indicator by EmilianoMesa

oscillator volatility volumestudies emiliano mesa overlay impulse volume

The impulse volume overlay, is the 1st part of my 2 part volume impulse indicator. The indicator has the sole purpose of measurearing a signifcant increase in the volume of either sellers or buyers and with the the help of a signal line suggest when there is an impulse in any of them.

How it works:
Yellow == No impulse... Market will most probably follow the trend
Red == Market has a seller increase
Lime == Market has a buyer increase

I DO NOT TAKE RESPONSABLITY FOR LOSSES. USE INDICATOR UNDER YOUR OWN RISK

Invite-only script

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