Volume Indicators
Many analysts believe that volume precedes price, and a divergence between volume and price will soon be reflected in the price movement itself.
In addition to watching volume itself, there are some very useful indicators that incorporate volume data into the calculations. These include On Balance Volume, Money Flow Indicator, Volume Accumulation Oscillator, Demand Index and Price Volume Trend. These indicators are complementary to most of the others that are available (such as MACD, oscillators such as RSI and ROC, Directional Movement, etc.) because they take volume into account.
It is strongly recommended that you become familiar with one or two of the Volume indicators to gain a more inclusive, complementary perspective on price movements.
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Volume Indicators
Linear Mode
