Just my views and open for debate ,
TBQ and TSQ is not an indicator in itself ... the more the number of buys the more severe the fall will get as even small selling will lead to unwinding ... this applies the other way also.Infact this is the logic behind bearish/bullish wolfe where point 5 goes out of the channel (indicating the trap laid out by bulls/bears) only to break it on the downside....infact karthik also explained that too much of volume(in our terms OI) is bad for a trend in his VSA thread as anythings with limits like 2x or 3x volumes is good while 10x is bad as this indicates more people getting trapped and when the flow turns up or down all these people will rush out and this will only accelarate the up or down move...people like asishji look for a dip in volume to entar counter trend trades(especially for cash trades) while i look for a explosion in volumes to entar countertrend...So volume has to be looked at from different perspectives and no too people will have the same opinion..
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