Orderflows Tension
The Tension indicator measures the volume traded on bid against the volume traded on the offer and highlights the bars where there was a clear struggle between traders and one side one, either buyers or sellers.
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Description:
The Tension indicator measures the volume traded on bid against the volume traded on the offer and highlights the bars where there was a clear struggle between traders and one side one, either buyers or sellers. OrderFlows created the Orderflows Tension indicator so that it will allow traders to take advantage of the order flow even if looking at a normal bar chart.
Tension can appear anywhere at anytime. The Tension indicator can be used for finding reversals as well as confirming trends.