This indicator will help you measure when to keep adding on your longs and when to get out. What you want to see is increasing price with increasing volume to keep adding.
You can also begin to enter a position that has changing momemtum, meaning the volume/price pair has stop going down and it's reversing.
I use this indicator with my volatility indicator and my Matrix indicator on the daily
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.