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Date/Time: Fri, 10 May 2024 16:35:17 +0000

Post From: Volume Density Identification with Additional visualization

[2018-08-21 16:54:59] Link To Thread - Link To Post [Go To First Post]
User226793 - Posts: 160
Hey Folks, I use a PNF chart. Is there a way to identify cluster of relatively dense volume around the high price with the help of some visualization? The concept here is that volume is increasing due to the market either encountering resting sell limits already present and/or new initiative sellers having interest in the same area. When volume continues to build into a move stronger and stronger but eventually fails to help continue the move, it's highly probable for price to stall and retrace in the short run.