![]() ![]() ![]() ![]() A normal volume average will include the volume from the past 20 candles (which incorporates all times of the day) so that the opening volume will always look like a large spike. Doing so will better show whether the volume is atypical for a specific time of day such as lunch time, or the market open.įor instance, many stocks will show a large volume spike at market open as all of the amateur orders which were submitted overnight are filled. In doing some research, I came across the idea of averaging volume across the same time periods each day rather than averaging the past candles. I've been reading about how volume can be an important indicator to show the strength of a move. ![]()
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