Candlevolume ChartCandlevolume Chart is a stock charts used in charting and study of chart patterns in technical analysis. They combine the features of Equivolume charts and Candlestick charts.These charts have the wicks or tails and filled/unfilled body features of Candlestick charts, as well as the volume-based body width of Equivolume charts. This combination gives us the unique ability to study Candlestick patterns in combination with their volume. Since the volume factor - instead of adding it as a separate indicator at the bottom of the chart - is merged with the price factor, value for time factor is reduced. Analysing candlevolume charts is similar to candlestick charts. High volume emphasis is made clear with wide candles. Wide and short candlesticks indicate uncertainty. The trend might reverse. Wide and tall candles usually indicates strong momentum. Such candlesticks commonly appear at breakouts. Study the chart given below. Compare the candles corresponding to high volume bars with other candles with low volume.
Compare Candlevolume charts with Equivolume charts Click here to go back to Candlestick charts Click here to go back to Home |
Your Compliments are here |
Stock Trading Infocentre Book Store |
There are old traders |
You don't have to be |
