MartyMan or Chipped, (or anyone else who uses the Price by Volume indicator),
Could you explain what the difference is in what the first color (Green in Marty's charts) is telling us and the second color (Pink) is tell us on the horizontal bars generated with this indicator?
Also, it seems this indicator would give traders a hint of where the MMs are going to drive the price to - Am I correct?
Reasoning here is that I have read that the MMs try to have the stock trade as much as possible because they are making much more money off the buy/sell ratio the more the stock is trading. Higher volumes bring in more money in profits from differences in the buy and sell sides, and they generate more commissions.
So, if the price by volume indicator shows that the stock trades at much higher volumes when at 1.08 than it does at 1.24 or .90, can you anticipate that the MM's are going to drive the price toward 1.08 to take advantage of those higher volumes? I may be way off base here - just thinking, maybe too much, LOL.
