I'm not sure if I'm posting in the right forum. Sorry if this isn't in the right place.
I'm checking out a pretty awesome indicator I found in the download section called BetterVolume3. There is a download on the authors site which seems to be the same indicator.
I'm wondering if you guys can help me identify the Bars coz there seems to be an extra one that is not really mentioned by the original author. In the video the author talks about 5 volume types:
1. Volume Climax Up
2. Volume Climax Down
3. High Volume Churn
4. Hi Volume Churn + Climax
5. Low Volume
I can identify these in the indicator. However, there is an extra Bar Type plotted called 'VBar' in the indicator that I have no idea how to interpret.
I have written to the author but I haven't got a response so I thought I'd ask you guys in case someone can help.
Authors site:
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