Volume Studies

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hmtoggle_plus1Accumulation/Distribution (AD)

Accumulation/Distribution (AD) - is an indicator which tries to identify supply and demand by discovering if traders are generally ”Accumulating” (buying) or ”Distributing” (selling) a certain symbol by calculating the divergences between stock price and volume flow.

hmtoggle_plus1Chaikin A/D Oscillator (CO)

Chaikin A/D Oscillator (CO) - is simply the Moving Average Convergence Divergence indicator (MACD) applied to the Accumulation/ Distribution line. The formula is the difference between the 3-day exponential moving average and the 10-day exponential moving average of the Accumulation/ Distribution line.

Just as the MACD-Histogram is an indicator to predict moving average crossovers in MACD, the Chaikin Oscillator is an indicator to predict changes in the Accumulation/ Distribution line.

hmtoggle_plus1Chaikin Money Flow (CMF)

Chaikin Money Flow (CMF) - is an oscillator that helps signal if a stock is undergoing accumulation or distribution. It is calculated from the daily readings of the Accumulation Distribution line. The CMF is unlike a momentum oscillator in that it is not influenced by the daily price change. Instead, the indicator focuses on the location of the close relative to the range for the period (daily or weekly).

hmtoggle_plus1Ease of Movement (EMV)

Ease of Movement (EMV) - shows the relationship between volume and price change. High EMW values occur when prices are moving upward on light volume. Low EMW values occur when prices are moving downward on light volume. If prices are not moving, or if heavy volume is required to move prices, the indicator will also be near zero. The EMW produces a buy signal when it crosses above zero; a sell signal is given when the indicator crosses below zero.

hmtoggle_plus1Money Flow Index (MFI)

Money Flow Index (MFI) - a momentum indicator that measures the strength of money flowing in and out of a security. It is related to Relative Strength Index, but MFI also accounts for volume not only prices. Look for divergence between the indicator and prices. If the price trends higher and the MFI trend lower (or vice versa) reversal may be imminent. Look for market tops to occur when the MFI is above 80, and for market bottoms to occur when the MFI is below 20.

hmtoggle_plus1Moving Average Volume (MA)

Moving Average Volume (MA) - incorporates a volume weighting into the moving average. It assigns the majority of weight to the days with the most volume.

(Note: To get a Moving Average Volume, select the new Moving Average and select the Volume field in its properties).

hmtoggle_plus1Negative Volume Index (NVI)

Negative Volume Index (NVI) - assumes that on days when volume increases, the crowd-following ”uninformed” investors are in the market. Conversely, on days with decreased volume, the ”smart money” is quietly taking positions. The NVI displays what the ”smart money” is doing.

hmtoggle_plus1On Balance Volume (OBV)

On Balance Volume (OBV) - relates volume to price change. It shows if volume is flowing into or out of a security. When the security closes higher than the previous close, all of the day’s volume is considered up volume and vice versa.

hmtoggle_plus1Positive Volume Index (PVI)

Positive Volume Index (PVI) - focuses like the NVI on days when the volume increased from the previous, but the PVI displays what the ”not-so-smart-money” is doing.

hmtoggle_plus1Price Volume Trend (PVT)

Price Volume Trend (PVT) - cumulative total of volume that is adjusted depending on changes in closing prices. Multiplying the current period’s volume by the percent that the security’s price changed, and adding this value to a cumulative total calculate the PV.

hmtoggle_plus1Volume Bar

Volume Bar - the number of securities or contracts traded in a specific time period (hour, day, month etc.) Volume Bar is a simple, but important part of technical analysis.

hmtoggle_plus1Volume Oscillator

Volume Oscillator - displays the difference between two moving averages on a security’s volume. It can be displayed in points or percent.

hmtoggle_plus1Volume Rate of Change (VRC)

Volume Rate of Change (VRC) - is calculated identically as the Price ROC, except that it displays the ROC of the security’s volume rather than of its closing price.

 




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9/4/2017