You read the wrong thread. There are other PV threads much more in-depth and without the debates. Use ET search menu to find them. http://www.elitetrader.com/vb/search.php?s= Mark
Do you work on a specific TF, and when you say "up", do you mean on a per-bar basis, or a trend-basis? Many thanks.
...scratching head.... ?? If Price up Buy - If Price Down sell... volume does not seem to be of any importance... ? <img src="http://www.enflow.com/p.gif">
The above works in any market, on any time frame - provided sufficient liquidity exists. - Spydertrader
Nice post...its all about supply and demand. The volume combined with candles can show that better than anything. I still have lots to learn but this much I'm glad I know.
What is a Limit order? What is a mkt order? .......... A limit order is an impending order to be filled dependent upon price movement. Ditto for a mkt order. Once the impending order is filled the amount of cars/stocks filled will be reflected (keyword = reflected) in volume statistics, not before. A mkt order works faster since it demands immediate attention attributed to the immediate price change that has shown up on the persons screen. Volume is always "ZERO" volume until price triggers orders. This puts to rest the volume leads price silliness once and for all. There is no volume until a price change hits the order to send it. If anyone still "thinks, believes" volume leads, please seek professional help ASAP. Merry Christmas and Happy new year