BETTER VOLUME INDICATOR DESCRIPTION

Red bar - wide range, high volume (climax bar). Can be seen at beginning of uptrend, end of
uptrend., and in continuation of downtrends.

Green bar - low range, high volume (high churn bar). Can be seen at beginning of uptrend, end of
uptrend, and continuation of downtrend.

White bar - low volume, high range (low churn bar). Can be seen at bottoms, tops, and
continuation of uptrend.

Yellow bar - low volume, low range. Seen at similar places to the low churn bar(white bars).

Magenta bar - Climax volume plus High volume churn - both the conditions are rare.

Topping Patterns:

1) Climax bar (red) followed by high churn bar (green). II

2) High churn bar (green) followed by climax bar (red). II

3) Low churn bar (white) followed by low volume, low range bar (yellow). WY

Bottom Patterns:

1) Low churn bar (white) followed by high churn bar (green) then climax bar (red). W G R
2) Low churn bar (white) followed by low volume, low range bar (yellow) then climax bar (red).
W Y R

3) High churn bar (green) followed by climax bar (red). GR

Continuation Patterns:
1) Low churn bars (white) as well as low volume, low range bars (yellow) can be a sign of a
continuation of an uptrend. Around pullbacks in price. W Y

2) High churn bars (green) followed by climax bars (red) can be a continuation of a
downtrend.
G R
TYPE VOLUME HIGH CLIMAX LOW LOW
CLIMAX VOLUME & HI VOLUME VOLUME
CHURN CHURN CHURN
BOTTOM YES YES YES
START YES
UPTREND
UPTREND YES YES
CONT.
TOP YES YES YES YES
START YES
DOWNTREND
DOWNTREND YES YES YES
CONT.
COLOUR RED GREEN MAGENTA WHITE YELLOW