Absorption indicator

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Aragorn
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Re: A new widget panel

Post by Aragorn » Fri Apr 26, 2019 8:32 pm

In any other Forum or on any other site they'd dismiss such notions as fantasy. BookMap's unique look at Volume however opens a whole new world to Volume studies and analysis.

That said, is it possible to create an Absorption indicator? It would end up being a Delta and Price divergence: More Volume on one side but Price trades in the opposite direction. Something configurable such as Size, along the same lines as the Iceberg detector, would be extremely beneficial.