Analyzing Volume & Price Ranges Using Equivolume Charting
Last October, this column touched briefly on the equivolume method of charting, which places price and volume on an equal footing. In response to prompting from readers, this column is devoted to a more in-depth discussion of this unique type of chart. [Go to the AAII Journal area of www.aaii.com for a link to the original article.]
Technical analysis deals with two pieces of information—price and volume—in an effort to predict and measure future price movements. Traditionally, volume has been more of an afterthought, often placed at the bottom of the price chart. Price has garnered most of the attention, with an emphasis on the change in price.
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