Volume & Price Counter

A volume and price momentum indicator that classifies market strength by analyzing candle structures, helping traders identify buyer and seller dominance in market trends.

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UNDERSTAND THE TOOL

How it works

The Volume & Price Counter analyzes candles by categorizing them into four types based on volume and price movement: Volume Up & Price Up, Volume Down & Price Up, Volume Up & Price Down, and Volume Down & Price Down. By counting these candle types over a specific time period, the indicator determines market momentum and control.

The system assigns a background color (green or red) to indicate whether buyers or sellers are dominating the market. A green background suggests buying pressure when upward volume and price candles outweigh downward candles, while a red background indicates selling pressure when downward volume and price candles predominate.

Why it may be useful

This indicator provides traders with a nuanced view of market dynamics by revealing not just price movement, but the underlying volume and momentum driving those movements. It helps traders understand the strength behind price changes, distinguishing between genuine trend continuation and potential weakening momentum.

By categorizing candles and tracking their composition, traders gain insights into market psychology, identifying whether price movements are supported by strong trading volume or potentially represent weaker, less committed market actions. This deeper understanding can help traders make more informed decisions about market entry and exit points.

When to explore it

The Volume & Price Counter is most effective in markets with clear trending behavior, where volume and price movements show consistent patterns. It works best when combined with other technical analysis tools like support and resistance levels, providing additional confirmation for potential trading signals.

Traders should pay special attention to background color shifts, which can indicate potential trend reversals or emerging market momentum. The indicator is particularly useful during periods of market transition, helping traders identify when buying or selling pressure might be changing and offering early warnings about potential trend changes.

Negative Volume Index (NVI)Positive Volume Index (PVI)

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CHECK THE DETAILS

What we’ve verified

Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.

General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.