Understanding the Metaverse for Dummies
How many times have you heard about the "metaverse" but haven't really taken the time to understand what it is? Maybe you think it has something to...
1 min read
Al Hill
:
Jul 16, 2011
Last Updated: May 18, 2022
Alton Hill is a Cofounder at TradingSim. He has a passion to help people and found that one of his ways of doing so, is through the world of Day Trading. Alton’s skillset is in Product Development and Design Thinking which he uses to write and improve the overall experience for TradingSim.
What is tick volume? The tick volume indicator is measuring every trade whether up or down and the volume that accompanies those trades for a given time period. If you are a day trader or a short term swing trader, tick volume analysis will assist you in sizing up the market on an intraday basis. Some traders also refer to tick volume as on-balance volume.
When analyzing the market at large, traders often focus on pivot points to look for changes or continuation in trends. This is where all the money is made and lost.
In order to trade this effectively, a trader will want to obtain an edge that will assist them in determining whether a pivot has the strength to hold the current trend.
While many traders have access to volume on a chart, the one thing that volume charts do not show you is the volume that takes place at a given price. Would you want to buy a break of the last swing point, if you knew that it was broken on high volume?
Well maybe you would, but it does not hurt to know what is going on at this critical level.
The tick volume indicator provides traders with this detailed breakdown of the trading activity at a given level. The tick volume indicator is critical for futures traders, because it is used to assess pivot points, since tick volume is not available for the futures markets.
How many times have you heard about the "metaverse" but haven't really taken the time to understand what it is? Maybe you think it has something to...
Where were you in January of 2021 when the meme stock phenomenon first started with AMC and GameStop stocks? While these are...
Relative volume is one of the most important indicators for day traders. It can help you determine when a...