REVE Cohorts - Range Extension Volume Expansion Cohorts

How it works

REVE Cohorts divides volume into four cohorts: low (0-80%), normal (80-120%), high (120-200%), and extreme (200%+), represented by color-coded histogram bars. These bars are placed precisely on corresponding candles to show volume characteristics.

The indicator also categorizes price ranges into two cohorts: small/normal (0-120%) and wide (120%+), displayed as candles above and below a volume band. These candles are color-coded and positioned based on an Advanced Price Algorithm that determines trend direction using a simple moving average.

Why it may be useful

REVE Cohorts provides traders with a comprehensive visual representation of market dynamics by simultaneously analyzing volume and price range. By classifying volume and range characteristics, traders can gain insights into market sentiment, potential trend strength, and possible trend reversals.

The indicator's unique signaling system, including triangles and squares in different colors, helps traders identify critical market moments such as strong trend confirmations, potential trend changes, and periods of price consolidation or distribution.

When to explore it

REVE Cohorts is most effective during trending markets where volume and range can provide meaningful insights into market momentum. Traders can use this indicator to assess the strength of current trends, identify potential trend reversals, and make more informed decisions about entering or exiting positions.

The indicator is particularly useful for momentum investors tracking open positions, helping them decide whether to hold or close a trade based on volume and range characteristics. It works well across various timeframes and can be adapted to different trading styles by adjusting the lookback settings.

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