Understand Volume Price AnalysisMarch 16th, 2020
“Coupled with price, volume can give you a real edge in the market.”
In this 3-minute clip from his webinar Identify Market Direction Using Volume & Price, Randy Lindsey explains how Volume Price Analysis gives traders more insight into the markets. The distribution of volume that occurs over the range of a bar can provide a better understanding of what is to come in the following bars.
As Randy demonstrates, knowing the open & close of a bar is only part of the picture. Seeing the distribution of volume within a bar’s range can help traders better understand the action within each bar and assist with forecasting price direction.
If you enjoyed this clip, be sure to catch the full webinar here!
See Hawkeye Traders’ webinar on Using Volume as a Leading Indicator.
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