Volume
by Price to Date
Type
Volume
Indicator
How does it work?
Volume
by price to date is an excellent indicator that combines both price and volume
into one tool. The volume of trades is plotted onto the chart horizontally at
price intervals. Volume by price to date can be used see which prices invoke the
most volume and activity.
Trading Signals
Support
and resistance levels can be seen clearly using volume by price to date. Volume
by price to date can also help in picking price changes or reversals. A price
change is usually associated with large volume, thus if price is hovering around
a level of high volume a price direction change could be expected. Low levels of
volume can be associated with times of uncertainty or consolidation.
To
change setting on this indicator, go to Settings>Indicators>Volume by
Price to Date. The above chart setting was as follows:
