Volume by Price to Zoom

Type

Volume Indicator

How does it work?

Volume by price to zoom is similar to volume by price to date. The only difference is that you can control the time period for the amount of volume data. This makes it possible to view the volume to price for any time period that you are interested in. Zooming in and out of the chart to the desired time scale controls it.

Trading Signals

Support and resistance levels can be seen clearly using volume by price to zoom. Volume by price to zoom 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 Zoom. The above chart setting was as follows: