More on Constant Volume Bars, TradeFlow and ChartTrader for the E-mini S&P 500
In today’s example of the Constant Volume Bars, which I use to compress the intraday trading action, there is a distinctive trading range established. We can see the RSI reading were hitting moderate extremes at each peak and low.
Using the one-tick version of the TradeFlow chart we can see that sellers are controlling the market because the sell volume line (red) of the TradeFlow Volume Cross Study (TFVCrss) is peaking above the buy volume line (green).
Keep in mind, at this level, this view is a very short-term view, and the situation reverses if the buy volume line starts to peak over the sell volume line.
To read more about these two custom studies, please check out my article TradeFlow Custom Studies