Trading Volume Indicator
A trading volume indicator can dramatically improve your profitability, and the use of a volume indicator can make the analysis easier than reading the pure volume histogram at the bottom of the chart.
There are 3 things that are absolutes on a chart:
Most of the other elements traders put on charts are calculations based on one or more of these absolute values and we call them “indicators.”
Trading volume, like price and time, is not an indicator.
However using a volume indicator can be helpful in trading in that it can help us “see” the meaning behind price and/or volume more easily.
In the video below, I present a couple basic principles of how to read pure price and volume, and then go on to show how using a volume indicator can enhance your insight into what trading volume is telling you about potential future movements in the market.
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To learn more about the Top Dog Trading techniques, including my
Top 7 Volume Patterns, go to: