volume alert

Originally from ticket #2811.

How do I decide if i should go long or short after the volume alert has plotted?

which indicator?

Price:
red short
green long

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I'm asking about the volume increase indicator.

There are various ways to use volume as a heads up that a reversal is near or exhaustion of a trending move or as gauge that the market is congested in a tight channel and so high volume - churning might lead to a breakout...

attached is an idea of how to use volume as a confirmation within the context of the market structure,
the market congests and finally breaks out of a clear box shaped with increasing volume...

http://screencast.com/t/lmRaJTTAZL

MicroTrends Support
support@microtrends.co
http://www.microtrends.co/support/

Tip! You can visit the help desk forum to see previous answered frequently asked questions:
http://microtrends.zendesk.com/forums