I only use price/volume analysis once in a blue moon. It just doesn't give enough trade setups IMO. Also, it seems more like a counter-trenders tool. I use my own support/resistance system in combination with pivots and do cyclic wave trading most all of the time. But, anyway... Here are the keys to price/volume analysis. A volume surge marks a bull/bear capitulation and a likely short term top/bottom within a trend. A major volume surge can put in a solid/bottom top for quite a while. That's pretty much all there is to it. There are some price/volume + support/resistance traders out there who make a killing! Full Article - http://simplert.com/archives/170 If anyone wants my sierrachart volume indicator for spotting vol spikes with custom levels that you can set just send me a PM and ill post it for you. It's a lot easier than reading the levels manually if you can't code. Anyone got any other tricks to price/volume analysis? When I use it I just fade vol spikes into support/resistance for a couple handles a shot in futures. P/V analysis can be a lot more effective in stocks rather than futures I think. I have seen repetitive P/V patterns in stocks, but I don't trade stocks. I am thinking about working on a P/V - S/R analysis system for the next bull market. I kinda designed my current system of trading to handle both trending and non-trending markets, however... It would be better to specialize and focus my systems on exact conditions. It's gonna take me a while to figure out the key volume spike levels that are important for the ES on higher timeframes... I only know the numbers for the 30s-5m range. You have a few choices... Built out a trading system to handle both trending and non trending markets, build out one for trending markets and only trade trends, or build out one for non-trending and only trade choppy markets.