{"product_id":"v13641volbas","title":"V.18:7 (36-41):Volume Basics by Martin J.Pring","description":"Volume Basics by Martin J.Pring\u003cbr\u003e\u003cbr\u003eHow is volume used in technical analysis and what can it\ntell us?\u003cbr\u003e\u003cbr\u003eMost of the indicators used in technical analysis are based on pricing data. We either use the prices\nthemselves, a statistical manipulation of the prices with moving\naverages, or oscillators of some\nkind. Volume, though, is an independent variable and can therefore be extremely useful in confirming price action. There are\nmany ways of using volume, such as the construction of\noscillators, on-balance volume lines, and the designing of\nindicators using both volume and price. I will discuss some\nof these more sophisticated variations of volume analysis in\nfuture articles.In this one, however, I will concentrate on the\nbasics.\u003cbr\u003e\u003cbr\u003ePERFECT BALANCE\u003cbr\u003e\u003cbr\u003eFirst, it is important to understand there is always a perfect\nbalance between buyers and sellers because the amount of a\nsecurity sold is always identical to that which is purchased.\nWhat moves prices is the relative enthusiasm of buyers and\/or sellers. If sellers are more motivated than buyers, then the\nprice will decline. If buyers are more motivated than sellers,\nthen the price will rise.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134023201137,"sku":"\\V18\\C07\\062VOL.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_e59bc315-18e4-4740-9dae-d2b4b0c507a5.jpg?v=1739662856","url":"https:\/\/shop.traders.com\/products\/v13641volbas","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}