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Overview The Vertical Horizontal Filter (“VHF”) determines whether prices are in a trending phase or a congestion phase. The VHF was first presented by Adam White in an article published in the August, 1991 issue of Futures Magazine. Interpretation Probably the biggest dilemma in technical analysis is determining if prices […]
Overview Volume is simply the number of shares (or contracts) traded during a specified time frame (e.g., hour, day, week, month, etc). The analysis of volume is a basic yet very important element of technical analysis. Volume provides clues as to the intensity of a given price move. Interpretation Low […]
Overview The Volume Oscillator displays the difference between two moving averages of a security’s volume. The difference between the moving averages can be expressed in either points or percentages. Interpretation You can use the difference between two moving averages of volume to determine if the overall volume trend is increasing […]
Overview The Volume Rate-of-Change (“ROC”) is calculated identically to the Price ROC, except it displays the ROC of the security’s volume, rather than of its closing price. Interpretation Almost every significant chart formation (e.g., tops, bottoms, breakouts, etc) is accompanied by a sharp increase in volume. The Volume ROC shows […]
Overview The Weighted Close indicator is simply an average of each day’s price. It gets its name from the fact that extra weight is given to the closing price. The Median Price and Typical Price are similar indicators. Interpretation When plotting and back-testing moving averages, indicators, trendlines, etc, some investors […]