Quote from WaveStrider:
Went back and read some history, as this looked interesting...
Not sure what is so controversial. Markets oscillate - check. (Even if it looks flat on one timeframe, it is osc on a lower one).
Markets have direction - check. ( Duration and magnitude are another matter). Markets form support/resistance highs and lows - check (if they didn't they wouldn't be oscillating - it would be Dumper to Hell or "Bang/Zoom Alice!").
I guess those indicators are for momentum/divergence, direction and swingpoints...
Going to have to check into the accuracy of how volume bars are calc'd on my charts after reading some of this stuff...
You've just figured out more in the amount of time you spent today than most in these virtual walls have figured out in over two years. Congrats.
The indicator is used to verify oscillations and at what level of strength (Prime or Minor) created them. Divergence comes in to play a lot but isn't accurate to use as a consistent trading tool unless it is accompanied but specific strong oscillations.
Volume Bars are a snap shot of price movement because they eliminate the variable of time and transaction size.
I was just kidding.