Good day,
In the last video of Section 2, Unit 16, you suggested that in order to improve the accuracy of the strategy using bband to detect a trend, change in the trading volume of the security can also be considered along with the change in the daily returns to identify fake breakouts".
Should I use an indicator such as a simple average volume traded between last 5 to 10 days or there is an indicator specifically design for this purpose.
Eric
Hello Eric,
Identifying a breakout in volume instead of the price will use the same mathematical methods. Using a moving average crossover is perfectly legitimate.
You can also look at the VWAP indicator: https://blog.quantinsti.com/vwap-strategy/