There are 3 data sets that are using in technical analysis of a stock, index, or ETF BTC chart.
Price, Time, and Quantity.
Two of these data are required for an indicator.
Using volume bars completes the data for candlestick chart patterns. It is easy to learn how to read and understand the relationship between price action and volume.
When volume has a fading volume pattern, then the run up or down is at risk of suddenly reversing.
When volume surges to the top of the chart, this warns of either extreme panic, or extreme euphoric speculation, OR that HFTs or MEMEs or Hedge Funds are instigating a surge of activity that most retail traders will chase and lose money.
It is important to learn to read volume and quantity indicators so that you can prepare for the end of a downtrend as a bottom begins. It is important to recognize a topping formation before price gaps or runs down wiping out your profits.
There are over 250 Stock and Market indicators. Most are based on price and time. Hybrid Leading indicators are the newest indicators and combine price, quantity and time which signals a day ahead of a shift of direction.
Price, Time, and Quantity.
Two of these data are required for an indicator.
Using volume bars completes the data for candlestick chart patterns. It is easy to learn how to read and understand the relationship between price action and volume.
When volume has a fading volume pattern, then the run up or down is at risk of suddenly reversing.
When volume surges to the top of the chart, this warns of either extreme panic, or extreme euphoric speculation, OR that HFTs or MEMEs or Hedge Funds are instigating a surge of activity that most retail traders will chase and lose money.
It is important to learn to read volume and quantity indicators so that you can prepare for the end of a downtrend as a bottom begins. It is important to recognize a topping formation before price gaps or runs down wiping out your profits.
There are over 250 Stock and Market indicators. Most are based on price and time. Hybrid Leading indicators are the newest indicators and combine price, quantity and time which signals a day ahead of a shift of direction.
Martha Stokes, CMT
ttrader.im/learn-tv
Learn how to use the technical patterns of each market participant for better trade planning.
ttrader.im/learn-tv
Learn how to use the technical patterns of each market participant for better trade planning.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Martha Stokes, CMT
ttrader.im/learn-tv
Learn how to use the technical patterns of each market participant for better trade planning.
ttrader.im/learn-tv
Learn how to use the technical patterns of each market participant for better trade planning.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.