Volume Positive Negative Indicator for Breakouts

Probably like a lot of you, I am an indicator junkie. Whenever I read about an indicator I have not tested and makes some sense, I got to try it out. Now, most of the time they turn out to not be useful for my strategies.

While reading the April 2021 Technical Analysis of Stocks & Commodities, I came across an article about Volume Positive Negative (VPN) Indicator for detecting high-volume breakouts. As I have written before, I rarely use volume in my strategies because I can never get it to work. Here was an indicator using volume, not a chance I would not test this.

Continue reading