-
-
WB, So long as you follow volume closely, the means that you use is of secondary importance. There are a lot of indicators that incorporate volume, the most commonly used perhaps being OBV, Price/Volume Trend and Accumulation/Distribution. Even a simple volume histogram can suffice, though, - especially if the bars for Up days and Down days are differentiated by being in different colours.
Essentially, these indicators all give us much the same information and which one(s) you decide to use comes down to personal preference. I like OBV not because it is the best but because it is the simplest and easiest to understand. It is not possible to state which volume indicator is "best", any more than it is possible to say which oscillator is "best" or which moving average is "best".
-
Member
Cheers Phaedrus. Glad you recommended this book, a lot of good information in there if your eyes can handle the 500+ pages.
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks