[HariSeldon]

Hi All,

I am new to Technical Analysis. Regarding the charts, I have one query.

For calculating volume for weekly\monthly charts , we need to add the volume of all trading days of week\month or should we need to take the average of the week\month.

Thanks in advance.
regards,

[Tams]

not sure if I understand what you are asking...


average is simply the total divided by the number of units.

[BlowFish]

Total is what is commonly used.

[HariSeldon]

Originally Posted by BlowFish »

Total is what is commonly used.

hmm...What if there is holidays during the week. There are 2-3 off day in last week of Dec. Vols will be less in this case. Will this not skew the chart?

[LS_Chad]

Originally Posted by HariSeldon »

hmm...What if there is holidays during the week. There are 2-3 off day in last week of Dec. Vols will be less in this case. Will this not skew the chart?

Sure. And some months might have 1-5 more trading days than another. That would skew monthly volume. Even with daily bars, some days are half-trading days but still show up as daily bars but volume will be light.

Here's another way to look at weekly and monthly volume...using volume at price profiles:

Images | ChartHub.com