O'Reilly logo

Candlestick Charting Demystified by Wayne A. Corbitt

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 9

Candlesticks and Volume

Just as the eyes are the window into the soul, volume is the window into trader sentiment. Volume is a very important, yet often overlooked, component of market analysis. With the large number of price momentum indicators, some of which were covered in Chapter 8, volume analysis is often relegated to the back burner when it comes to understanding trader behavior. With that said, volume data have also lost some of their integrity over the past few years due to the proliferation of high-frequency trading, but volume can still be an effective tool when analyzed over time.

CHAPTER OBJECTIVES

In this chapter, you will

• Understand volume analysis and its value in understanding market psychology

• Learn methods ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required