Quote from Failure2Travers:
I'm having difficulty using the STR/SQU tool. It does not seem to be working during points of change, and is consistantly either all black or all red throughout the day. The formula I'm using is ((YM - INDU) - Fair Value). Can someone show me how their STR/SQU looks? Or help me understand why it behaves in this way?
Quote from guavaman:
Had difficulty with the outside bar at 10:40. The relatively low (although slightly increasing red volume) indicated to me that the down move wasn't very strong. The outside bar at 10:40 on increasing black volume seemed like a decent reversal signal but that was not to be. Other than increasing red volume in the following bar(s) was there another indication that the OB wasn't a reversal signal? Or was I to lenient with my interpretation of the red volume preceding it?