Volume-based indicators give information about the amount of traded contracts or lots. Its one of the few types of indicators that base their value not solely on price. Volume obviously depends on the selected period. The amount of a security that is traded at any given time can give an indication as to whether the trend is likely to continue or might reverse. It shows at which prices traders open their trades. An increase in volume usually precedes an emerging trend and a drop in volume usually precedes an ending trend.
Interesting situations are created when the price makes new highs or lows while the volume drops. This price - volume divergence could point to a trend reversal. There are many volume-based indicators such as the Money Flow Index (MFI), Chaikin Money Flow (CMF) and Volume-weighted Average Price (VWAP). They can be used alone or in combination with other indicators.
Reinet has been under pressure but the latest range shows signs of accumulation. Price has potentially formed a Phase C spring and the spring has been tested. Divergence with the volume RSI indicates upward volume pressure. Volume has been declining during the current trading range possibly indicating that the supply has been absorbed. Price is now testing the top...
WMT is reporting earnings tomorrow morning before the market opening, and the press leading into the event is already prepping investors to expect a large price movement up. This particular earnings call will report for the period covering the Black Friday sales and after-Christmas clearance sales.
The chart is showing a strong inverted head and shoulders...
X mark - high volume but short candle - accumulation candle
Look closly, some altcoins are going high, so I think it will break the resistance line.
MFI divergence forming.
siacoin Poloniex chart - can see strong support
TP1 : 0.00000068
TP2 : 0.00000076
SL : 0.00000057
This sure looks familiar, doesn't it? CRON has a lot more going for it than TLRY, but we still lack justification for this recent rush up. Too high maaaan, it got too highhhh.
Notice the uptick in buying and selling volume here recently - this is typical in the end of a bubble cycle. Also notice the downward cypher pattern we are setup to form.
Bought a 50...
One of the great advantages to TradingView is the opportunity to see the market through many different individual’s unique perspectives. Each new perspective offers the opportunity to gain some additional insight and thus advantage. The concept being explored in this indicator is the disclosure of the sentiment of the traders in control of the current price...
My previous idea is a falling wedge of which a bullish reversal could soon come out.
This possible upside is also supported by a divergence between trading volume and price very similar to that of early September 2018.
The result was a pump almost doubling the value of XLM!
DISCLAIMER: This is not an investment advice. You alone are the master of your...
After very low volumes of the holiday period today there was a strong push to new highs with volume returning. Will be looking for a move to the supply line of the upward stride.
BTC is continuing the movement to the top of the channel. Expect a bounce + fib pullback around the top levels, probably a good place to set a stop sell. Volume still too low to have a breakout of channel.
PSG was in an accumulation TR and is currently breaking out. After a last point of support (LPS) and back up (BU) to the TR we now see a break out with some volume indicating the markup has started.
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