Bullish Movement "Off" the Volume Profile.
In this scenario, I'm using the DMI in conjunction with the AO,
& I've tried to pick a reasonable time frame on the days to analyze.
I tried to isolate a DMI "Wave" from any DMI (+) or DMI (-) to a next peak/trough.
This is to try isolate the market participants and try to capture both their participation in the market.
Once located, I take a Volume profile and Anchor the Volume Weighted Average Prices (with their deviations) to the beginning.
Next I simply tried to evaluate what the price averages were doing, (using the AO & DMI) I tried to gauge if there was a dominant or clear trend.
Rather I tried to also find any time cyclical patterns of those trends.
Using this quick evalution "technique". Here were my results.
& I've tried to pick a reasonable time frame on the days to analyze.
I tried to isolate a DMI "Wave" from any DMI (+) or DMI (-) to a next peak/trough.
This is to try isolate the market participants and try to capture both their participation in the market.
Once located, I take a Volume profile and Anchor the Volume Weighted Average Prices (with their deviations) to the beginning.
Next I simply tried to evaluate what the price averages were doing, (using the AO & DMI) I tried to gauge if there was a dominant or clear trend.
Rather I tried to also find any time cyclical patterns of those trends.
Using this quick evalution "technique". Here were my results.
I would however state that the concept and application would remain the same.