Technically Speaking Archives
Technical Indicators & Overlays
LATEST TECHNICALLY SPEAKING ARTICLE:
September 19, 2015
In the June installment of Technically Speaking we highlighted equivolume charts, which integrate volume with price plots to help investors and traders more easily verify the trading volume for price top and bottoms, support and resistance, and more.
This month, we focus on a unique chart overlay that applies the standard volume histogram found at the bottom of many price charts to price instead of time. Volume-by-price is an indicator that shows the amount of volume for a particular range of closing prices. This, in turn, enables you to determine the level of buying and selling interest at a given price level.
A running total of the McClellan Oscillator values, the McClellan Summation Index is a market breadth indicator used for medium- and long-term trading.