A price trading above VWAP suggests a bullish intraday bias, while a move below indicates bearish pressure. On-Balance Volume (OBV): The Accumulation Detector Tracking Cumulative Flow On-Balance Volume is a foundational cumulative indicator that assigns volume a directional value based on price movement.
Best Volume Indicators: Price, Conviction, and Divergence Analysis
This fundamental principle forms the bedrock of reliable technical analysis. Moving Average Convergence Divergence Volume (MACD Volume) Combining Trend and Flow The MACD Volume indicator enhances the classic MACD by integrating volume directly into the calculation.
This hybrid approach filters out false signals that plague the standard MACD, providing a smoother and more reliable trend-following tool. Relative Volume compares the current session's volume to the average volume over a specific lookback period.
Price Conviction Divergence Explained by Top Volume Indicators
Volume Oscillator and Relative Volume Spotting Accelerations and Exhaustion A Volume Oscillator plots the difference between two volume moving averages, typically a short-term and a longer-term period. A ratio significantly above 1.
More About Best volume indicators
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