volume indicator for chart trading

Futures Charts - Technical Analysis Help

Volume Indicator

Description:

Plots daily volume, normally shown as a histogram.

Conventional Analysis:

Used to confirm strength of a move or breakout.

Additional Analysis:

A market move accompanied by increasing volume is generally more likely to continue in the same direction, whereas a move accompanied by decreasing volume is less likely to continue. Decreasing volume indicates decreasing participation
among investors, and a general lack of conviction which often precedes a change in trend. In addition, a significant decline in volume for an extended period is characteristic of a bear market.

Technical Analysis Studies Available to you are:

• Bollinger Bands
• Commodity Channel Index (CCI)
• Directional Movement Index (DMI)
• Displaced Moving Average
• Envelope
• Exponential Moving Average
• Highest High / Highest Low
• High / Low Moving Average
• Historic Volatility
• Least Square Linear Regression
• Line Oscillator
• MACD
• Momentum
• Moving Average Lines
• Moving Standard Deviation
• Oscillator
• Wilder's Parabolic
• Larry Williams' Percent R
• Rate of Change
• Relative Strength Index (RSI)
• Slow Stochastic
• Stochastics
• Volume and Open Interest
• Variable Moving Average
• Weighted Close
• Williams' Accumulation / Distribution Index

You can adjust parameters of each indicator to suit you.