Omega Volume
Last updated
Last updated
The Volume Omega feature within Angel Algo provides traders with real-time insights into market forces by comparing bullish and bearish volumes from a lower timeframe. This documentation outlines its functionality and how traders can leverage it for effective market analysis.
Bullish vs. Bearish Volumes: Volume Omega offers a real-time comparison of bullish and bearish volumes, allowing traders to assess the prevailing market forces accurately.
Column Chart Format: The net difference between bull and bear volumes is visualized in a column chart format, providing traders with a clear and intuitive representation of market dynamics.
Identifying Market Dominance: Volume Omega highlights which side of the market, either bullish or bearish, is exerting more pressure, enabling traders to make informed decisions based on market sentiment.
Accessing the Feature: Navigate to the Volume Omega section within Angel Algo to access real-time volume comparison data.
Interpreting the Chart: Analyze the column chart format to understand the net difference between bullish and bearish volumes and identify the dominant market force.
Informed Decision-Making: Use the insights gained from Volume Omega to make informed trading decisions, considering the prevailing market sentiment and direction.
