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Old 05-14-2008, 09:35 PM
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Re: Market Internals for Day Trading YM

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Very nice comparison, indeed.

How does $VOLUSD (All US Up Volume – Down Volume Difference) look when added to the mix here?
I'm not sure...I tried $VOLUSD and it isn't something I have access to. I don't think it would do much in comparison mode since here we are comparing up and down directly.

To clarify, for those thinking what good is knowing its choppy...
I use knowing its chop to look for a range, chop is a range bound action typically. And of course range breaks often lead to trending.

Trend days are pretty obvious, buy pullbacks or short rallies in the direction of the trend. This is nothing new, but the indicator can help eliminate guess work to some extent.

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Price is simply the 2 way auctions method of advertisement. Volume measures the willingness of market participants to transact at the advertised price (AKA perceived value).
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