X-Ray indicator has been created for volume tracking traders.
Volume is the fuel behind all sustainable moves in the market. Without volume, market would go nowhere or would be very erratic.
So if you know how to read volume you have an edge in your trading. You are a step in front of everybody.
X-Ray analyses volume traded at each price and displays the results in three ways :
- bid/ask ladders
- volume/delta ladders
- volume profile