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: