Large effective Volume and a pocket pivot last 3 days via Chartmill..
A Pocket pivot is a volume/price pattern and occurs when:
The price goes up compared to yesterdays close.
The volume today is higher than the maximum down volume of the past 10 days.
Effective Volume analyses the intraday volume on the minute level to determine what small and large players are doing in terms of accumulation and distribution. There is a great book on this subject by W Pascal.
NV is flat. OBV is high. Positive volume which is volume on up days, which often represents the general public, is high.
By no means a recommendation..
A Pocket pivot is a volume/price pattern and occurs when:
The price goes up compared to yesterdays close.
The volume today is higher than the maximum down volume of the past 10 days.
Effective Volume analyses the intraday volume on the minute level to determine what small and large players are doing in terms of accumulation and distribution. There is a great book on this subject by W Pascal.
NV is flat. OBV is high. Positive volume which is volume on up days, which often represents the general public, is high.
By no means a recommendation..