Volume as an indicator

Discussion in 'Technical Analysis' started by Rooster, Sep 26, 2002.

  1. Rooster


    Just wanted to see how ET folks use volume. Here are some ideas:

    1) Does anyone compare volume on equal size up and down candlesticks? If it took more volume to drive price same distance down (as an equally high up candlestick), tends to indicate buyers are temporarily controlling?
    2) Do you use the last 5 to 10 volume bars to generally indicate that down volume is drying up or up volume is increasing?
    2) Does anyone use Volume oscillator or moving averages of volume? Volume oscillator seems to do fair job of evaluating the strength of the latest (5 bar or so) trend

    Would appreciate thoughts anyone might have on looking at volume.
  2. Most of what you [ Rooster nickname] mentioned helps;except don't know about volume oscillator.

    Usually try to stay out of sideways trends;where volume is great + price action stalls. Include 50 period volume but wouldn't limit measure to that period.:cool:


    Paul Tudor Jones quote''Don't overtrade. By the grace of God I was in the right place at the right time''
  3. nkhoi

    nkhoi Moderator

    realiable indicator, this site have the good on volume http://www.marketvolume.com/