A New Undicator

Thank you for your support, acco-lites. EasySignal got its shit together overnight (needed some sleep?), so I can now reveal the DAILY PROLUME undicator.

Why do I call this class of tool an undicator? Because in my youth, when I first got started with TA (I was 54), I observed that all so-called indicators turned when price turned, or later, merely confirming what I could clearly see with my own eyes. So I am on an eternal search to find an indicator that turns BEFORE price. Alas, PROLUME is not it. But it has its uses.

For eggsample, look at the attachment. The second candledick from the right is yesterday. DAILY PROLUME, shown at the bottom, undicates that the day was far less impressive hysterically than it may have seemed to you at the time. So PROLUME is retrospective, but in a forward-looking way.

My unterpretation? Don't get too excited about yesterday as a harbinger of joy.
 

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I see what you mean.........oddly, ive never seen a volume indicator divergence being so indicative, certainly of price moving through area's where it previously wasnt.

As much as im loath to talk about discussionary approaches, it occured to me, after deconstructing the reverse engineering of your undicator, that;
Surely, with sufficient "supp-ository/volume", one would never in fact take a standard "Check Resistance And Pray" (CRAP, for short, i finally thought of a name) approach again!

This breakthrough could really move things along, im certain of it!
 
Acronymous, your understanding brings tears to my eyes. The PROLUME reading for yesterday's NQ reinforces the subjective impression while trading it that the price action was all bullshit.

Although the decline in VOLATAILITY was gratifying, the weak ULTINDICATOR reading tells all.
 

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At the risk of tarnishing my considerable reputation on ET as a peerless analyst, I am going to assert (and leave it as an exercise for ET stoonts to prove) that turning points exhibit outsized PROLUME. Sort of a market boner, as it were.
 
Anything for a laugh. Which instrument would you like it charted for, and in what currency? USD, gold, and oil are my default currencies.
 
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