The Hawkeye Volume is not a trend following indicator. It is a bar-by-bar analysis using Nigel's proprietary algorithm for volume spread analysis. The Hawkeye Volume Radar tool alerts the trader to these significant volume changes that often are the precursor to significant price changes.

 

The Hawkeye Volume tool summarizes and integrates the information generated by the Hawkeye Volume, Hawkeye Adds, Hawkeye Wide Bar, and our pattern recognition tools for entry into one comprehensive indicator to show the market trend.

 

A major market reversal is the conversion of an overall uptrend into an overall downtrend, or vice versa. It is always a bottom or top. Understanding volume during major reversals is most crucial to trading success. Volume during these major reversals forecasts two things:

• The prevailing overall trend is nearing an end
• The next trend will be in the opposite direction.

 

The Hawkeye Volume Radar tool alerts the trader to these significant volume changes that often are the precursor to significant price changes.

 

The Hawkeye Volume and Volume Radar work on all Futures, Stock and Forex markets, as well as monthly, weekly, daily, minutes time frames, tick charts and volume bar data.