AMS Pullback Statistics©
The Pullback indicator shows the activity since the last price extreme of current bar was created. If a high was last created, activity since that high became the high will be shown in the Pullback indicator. If a low was last created, activity since that low became the low will be shown in the Pullback indicator.
What am I seeing?
It is periodicity independent, which means it does not matter what periodicity you choose. The Pullback indicator will monitor the moves off the high and low of the current bar to provide you with an intra-bar way to monitor buy and sell volume as price trades to show shifts in orderflow very quickly.
How does that help me?
Besides the very clear shift in orderflow you saw in the video above, you can also spot acceptance easier. You can see that if they hold it with a lot of volume and downticks are only with low volume, like the example on the right.
Allows you to modify various layout settings like coloring, outlines and font type/size.
Also the alignment is adjustable to your needs.
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AMS Pullback Features
→ Works with Investor/RT’s Core Platform
→ Fully customizable coloring
→ Setup up your chart to any periodicity
→ Works with every Instrument in IRT
→ Free templates / definition files
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