I am looking for a another Technical Indicator to be added, Volume at Price
3
votes
Nicholas Padula
shared this idea
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Chad Stump
commented
Nicolas has a great idea. If, when viewing a chart, you can see the bar graph or histogram of the volume of purchases at a particular price, you will see the modal pricing of when most buyers purchased the stock. Gives one an idea as to how late to the races you are! Example: your support/resistance search discovers a stock reaching $5.83 today. But the volume at price is around $5.16. Most savvy investors bought at that point. You are paying $.67 more per share on a declining accumulation of the stock.
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Nicholas Padula
commented
Volume at Price is an indicator that helps interpret levels of demand and supply on a stock chart that can aid in identifying support and resistance.