Volume Indicator Flashcards
1
Q
what are volume indicators used for?
A
to confirm whether the price movements on a chart have strength
2
Q
what does ‘volume’ show you?
A
how many times an asset was traded in a given time frame
3
Q
what does a rise in volume indicate?
A
commitment and confidence in a price movement
4
Q
what does a strong trend in the market correlate with, that a weak trend doesn’t?
A
strong trends correlate with rising volume
5
Q
what is a strong/false breakout?
A
strong = a breakout where support level breaks and there’s high volume
false = a breakout where there’s low volume on the breakout
