The AlgoPro V3 is a complex oscillator similar to the V2, but with more built in volume metrics to help identify change or reversals in trend/momentum. As the V3 oscillator is measuring price action, the colors of the oscillator will change depending on if current volume is supporting that price action. As the colors of the V3 fade, it means volume is slowly decreasing or not supporting that trend anymore, which is able to predict strong reversals in price.
Bright Green - Bullish Trend Strength Increasing with Supporting Volume Buy Volume Greater than Sell Volume Medium Green - Bullish Trend Strength Decreasing Volume Supports Uptrend but Sell Volume is Higher than Buy Volume *selling pressure* Dark Green - Bullish Trend Strength Decreasing Volume Does Not Support Trend Possible Reversal
Bright Red - Bearish Trend Strength Increasing with Supporting Volume Sell Volume Greater than Buy Volume Medium Red - Bearish Trend Strength Decreasing Volume Supports downtrend but Buy Volume is Higher than Sell Volume *buying pressure* Dark Red - Bearish Trend Strength Decreasing Volume Does Not Support Trend Possible Reversal
The AlgoPro V3 will also notify you of oversold and overbought areas with our Bull/Bear signals, as well as our overbought/oversold/continuation signals. These are both strong signals of reversals.