Daily Crude Oil Day Trading Analysis 18/06/18

[treeman]

Nice pop.. now the work begins.

 

[They]

Nice trade Treeman!

 

[treeman]

Thanks! I love your chart.. what’s the overlay to make the volume bars blue? (Super sweet way to visualize support and resistance btw)

 

[treeman]

It went all the way up to the last resistance that it broke down on. Kissing that now.

 

[They]

The overlay is an old Esignal efs called Price Profile. It does a pretty good job of plotting where the most volume for the day traded and 1 std dev around that (blue). Obviously fails on hard trending days but in cumulative mode (multiple days plotted in one overlay) it does simplify viewing the build ups before the strong moves.