December 2014
Beginner to intermediate
304 pages
7h 28m
English
book
Profiting from Technical Analysis and Candlestick Indicators: Powerful Methods for Accurately Timing Trades
by Michael C. Thomsett
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10. Volume Indicators—Confirmation of Price
Some traders believe that volume leads price, whereas others observe the nature of volume indicators to be more likely to lag than to lead. The fact is that volume is a key confirmation indicator, but its timing is inconsistent. At times, volume spikes or indicators coincide with strong reversals; at other times, volume diverges from price trends. At these times, acknowledging the value of the volume indicator over price makes sense—if and when the indicated turn in direction is confirmed. The role of proximity plays a role in these divergence cases as well.
Because volume is an uncertain indicator, it has to be evaluated in context. In finding an inconsistent correlation between volume and price, traders ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.