ExVol: Candle-Body Imbalance and Zero-Crossing Signals
Summary
ExVol measures the difference between the summed bodies of rising and falling candlesticks over a chosen interval, expressed in points. A zero reading represents balance between the two groups. The described interpretation is that an upward crossing of zero may signal the start of an advance, while a downward crossing may indicate a decline. The indicator may also be watched as a possible exit cue when its value moves back toward zero.
The document describes the calculation and suggested signal interpretation, and notes an earlier implementation in MQL4. It supplies no parameter settings, chart evidence, backtest, or performance statistics. Zero crossings and convergence toward zero are presented as heuristics; the text does not establish predictive reliability or specify how to select the interval, confirm signals, or manage risk.
Key ideas
- ExVol subtracts the summed bodies of falling candles from those of rising candles over a chosen interval.
- A value of zero indicates equal summed candle-body amounts for the two groups.
- An upward zero crossing is described as a possible bullish signal, and a downward crossing as a possible bearish signal.
- A move toward zero may be treated as a potential position exit cue.
- No testing results or evidence of signal reliability are provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.