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| Discuss Volume or Turnover? at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hello friends, Traditional charts contain volume below their X-axis. But i still consider volume to ... |
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#1
29th December 2007, 08:15 AM
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Volume or Turnover?
Hello friends,
Traditional charts contain volume below their X-axis. But i still consider volume to be deceptive. What if u plot Turnover rather than volume? Could we get a better perspective? Can we get a better momentum picture? All members are requested to comment.  Regards, Winston 
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#2
29th December 2007, 09:37 AM
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Re: Volume or Turnover?
Winston,
Volume = Total number of shares traded Turnover = Price X volume. Substituting volume with turnover will not give you the complete picture. Of course, if you watch the volume bars carefully, you will notice at what particular price demand/supply came in. Intraday charts give this picture very clearly. You can achieve the same result by utilising volume at price indicator in Amibroker. How many of us are using that? If you combine volume and delivery figures with volume at price, you may get better and clearer picture. Hope this helps.
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#5
30th December 2007, 04:57 PM
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Re: Volume or Turnover?
Quote:
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