Guidebook No. 7 of the Samxon Market Indicator Series. A 13-page PDF guide by Paul Samson (Samxon.ca).

Every other indicator in this series is built from price. Volume measures something price cannot show on its own: how many people took part in a move. This guidebook explains how to read that participation, and how relative volume makes it comparable across any market.

Inside:

• What volume and relative volume (RVOL) are
• Where volume analysis came from
• What volume shows at each stage of a move: the selling climax, the base, the breakout, the trend, fading volume and the buying climax
• The tools traders build from volume
• Using volume to confirm breakouts, judge pull backs and spot climaxes
• A worked example through a full cycle

The central idea: price shows what happened; volume shows how many people agreed with it. At every turn in the cycle, volume tells you why the move is happening and warns when it is running out of fuel.

Instant PDF download. For educational purposes only; not financial advice.