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Catch a rally with volume?


Learned investors,

I have tried to find a way in the CT SW to recognize when the buy (or sell if I have to) volume exceeds an average. Ideally, you’d like to see a buy spike over an average, then combine that with other indicators to acknowledge a (buy) rally. I guess you could say the opposite about a sell rally for shorts.

The recently added volume % can only go back 59 seconds, but it does identify a buy vs sell move wrt volume. Can the SW identify a buying rally in this way?

With this objective in mind to compliment my existing open/add triggers, is my approach correct? Is there a better way to see a volume spike?

TIA!

pat
:)

Ed Barsano Creator