Volume indicators
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Volume indicators


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Created August 24th 2018 by TickedOff
Updated September 9th 2018 by amatute
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Volume indicators

 
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Volume indicators

What are some volume indicators you like to use? I read that as volumes die down on a move or it goes up on light volume it's a sign of weakness. And strong volumes show the opposite. What would be a good indicator to measure this?

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amaBetterVolume @ https://futures.io/local_links.php?catid=27&linkid=1989
& PriceActionSwing indicator @ https://futures.io/local_links.php?catid=26&linkid=1781

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TickedOff View Post
What are some volume indicators you like to use? I read that as volumes die down on a move or it goes up on light volume it's a sign of weakness. And strong volumes show the opposite. What would be a good indicator to measure this?

Volume is a complex subject. Whatever happens in the market is by volume. I do not know of any indicator which can really catch what you are asking for. As strong volume/lac of it may/may not catch any of it. If it does.....thats what any commercial or available indicators perhaps express. There are also no really good books written on volume for retail. Any Volume papers really either comes from academicians who throw in so much math that ordinary retail has no way of looking at it....

anyways....the subject of volume needs proper study....there are many decent threads on fio which delve into the subject of volume...such as Wykoff....which at a minimum gives the basis of what volume can do...and what one can expect from volume.

when one understands the basics of volume....one should try and see if their desired indicators show anything...or just a simple PA chart talks to them which at times is enough. However for Volume.....there are numerous scenarios which simply cannot be classified into 1 or 2 indicators....as VWAP trading, Limit Volume, Passive Volume, Aggressive Volume, relative vol ratios across period, Volume at Bid/Price, Volume of Quotes, Volume at context(this itself is huge as context will determine many things), etc etc....the list is unendless. Livermoore used to look at Tape volume.....Tape Volume will precede anything as its traded..very few i have seen can and has the ability to do this. Sorry to get into this a little more....but its more for anyone who really is wanting to look into volume....the subject is vast. However all am saying is one needs to understand the basic mechanics of volume and then look for their indicator....if one is really available which is good enough.

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Volume Spread Analysis is the topic that looks in depth at what you are asking.

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TickedOff View Post
What are some volume indicators you like to use? I read that as volumes die down on a move or it goes up on light volume it's a sign of weakness. And strong volumes show the opposite. What would be a good indicator to measure this?

A simple question maybe, but you will not find the answers here.

I have studied volume for years and continue to study it. Volume is a key (the key) feature of the market, but to unlock it in a manner that works for you will take a serious amount of time and study. It is not as clean as framing a few rules and applying indicators because it is not as simple as that.

In my experience there were no stock indicators available to display the information I wanted to see, so I ended up writing a bespoke tick data series and a bespoke indicator that allowed me to dissect the volume. Once I had figured the innards, I added entry signals to my indicator to save me valuable time in doing the volume calculations manually.

These real time entries were all based on the ongoing dissection of current intraday volume and volume transacted at every bar.

Attached is my stripped down chart from yesterday's ES session.

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I am not writing this or showing this to be smart. I am saying that this literally took years and years of study to get to a point where I could visualise what the market is/was trying to do via volume. Achieved by parsing millions and millions and millions of ticks of raw data (well I say raw, it wasn't directly from the CME rather my data provider but close is close enough) in Excel.

The list of what you can decipher is literally endless. My suggestion would be get as much raw data as you can and start to look at it and study it.

So if you have read "...as volumes die down on a move or it goes up on light volume it's a sign of weakness...", crack that data open and prove it to yourself.

For example, I measured the number of contracts on average it took to turn the market and rotate it in the opposite direction a certain number of ticks. I did this via one particular method and my trading friend did it in another. We independently got to more or less the same answer using two different approaches, but the common denominator was using volume.

This type of information is literally gold dust and the bonus being it is measurable and testable. So once I knew this to be my base, I built my indicator and data series around it and went (and continue to go) from there.

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paps View Post
Volume is a complex subject. Whatever happens in the market is by volume. I do not know of any indicator which can really catch what you are asking for. As strong volume/lac of it may/may not catch any of it. If it does.....thats what any commercial or available indicators perhaps express. There are also no really good books written on volume for retail. Any Volume papers really either comes from academicians who throw in so much math that ordinary retail has no way of looking at it....

anyways....the subject of volume needs proper study....there are many decent threads on fio which delve into the subject of volume...such as Wykoff....which at a minimum gives the basis of what volume can do...and what one can expect from volume.

when one understands the basics of volume....one should try and see if their desired indicators show anything...or just a simple PA chart talks to them which at times is enough. However for Volume.....there are numerous scenarios which simply cannot be classified into 1 or 2 indicators....as VWAP trading, Limit Volume, Passive Volume, Aggressive Volume, relative vol ratios across period, Volume at Bid/Price, Volume of Quotes, Volume at context(this itself is huge as context will determine many things), etc etc....the list is unendless. Livermoore used to look at Tape volume.....Tape Volume will precede anything as its traded..very few i have seen can and has the ability to do this. Sorry to get into this a little more....but its more for anyone who really is wanting to look into volume....the subject is vast. However all am saying is one needs to understand the basic mechanics of volume and then look for their indicator....if one is really available which is good enough.

Based on Wykoff theories the best I have read is "A Complete Guide to Volume Price Analysis" by Anna Coulling.

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