Separating Bullish and Bearish Volume Moving Averages

Summary

The indicator plots two components of a moving average of volume in a separate chart window: one representing bullish volume and the other bearish volume. The user sets the averaging period and selects the moving-average calculation method.

The description explains the indicator's output and configuration, but gives no formula for classifying volume as bullish or bearish, interpretation guidance, trading rules, or empirical results. Its usefulness therefore depends on implementation details and how a trader validates and applies the plotted components.

Key ideas

• The indicator displays separate bullish and bearish components of average volume.
• It plots the components in a separate chart window.
• The averaging period and calculation method are configurable.
• The document provides no trading rules or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.