Volume as a key statistical indicator in technical analysis by lupafilotaxia

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· @lupafilotaxia ·
$3.75
Volume as a key statistical indicator in technical analysis
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<center><img src="https://i.postimg.cc/Wbf2m0tn/El-volumen-como-indicador-estad-stico-13.png"/></center>
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<div class="text-justify"><h3>Introduction</h3></div>
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<div class="text-justify">Within trading, technical analysis is of vital importance, primarily because it uses elements of the scientific method to record an actual history of the movements of price action or a given market, and then uses that data to create charts that serve to evaluate and extrapolate trends in the financial markets.</div>
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<div class="text-justify">Basically, technical analysis is based on the statistical values developed by the price action when creating trends, that is to say, it is based on a balance between supply and demand. In this sense, I must point out that one of the key statistical indicators within technical analysis is the Volume Indicator.</div>
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<div class="text-justify">It should be emphasized that volume is one of the oldest and most reliable trading indicators used in trading the financial markets, and I would even go so far as to say that the volume indicator is the most popular indicator in the trading world.</div>
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<center><img src="https://inviertenbitcoin.com/wp-content/uploads/2020/07/Indicadores-de-volumen-portada.-Gr%C3%A1fico-de-precios-de-Bitcoin-OBV-768x432.jpg"/></center>
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<td><center><a href="https://inviertenbitcoin.com/indicadores-de-volumen/" rel="noopener" title="This link will take you away from steemit.com"><strong>Source: </strong> Inviertenbitcoin </a></center></div></td>
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<div class="text-justify">When I say that volume is the most popular indicator in the trading world, I mean that any trading portal, platform or broker may not have a specific indicator, however, I am not aware of any platform that does not have a volume indicator.</div>
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<div class="text-justify">Theoretically, volume is understood as the measure of the amount of a given asset or financial instrument that has been traded in a given period of time, which is why it is used as a technical indicator, since it serves to project the strength that has been marked.</div>
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<div class="text-justify">In addition, volume is also used to know the price action both in bounces and in specific setbacks within a given time frame, therefore, the volume indicator gives us an indication of the strength or weakness of a movement, an element that allows us to deduce whether there is buying pressure or selling pressure.</div>
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<center><img src="https://inviertenbitcoin.com/wp-content/uploads/2020/07/Indicadores-de-volumen.-Barra-de-volumen-correspondiente-a-cada-vela-del-gr%C3%A1fico-de-precios-de-Bitcoin-1024x573.png"/></center>
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<td><center><a href="https://inviertenbitcoin.com/indicadores-de-volumen/" rel="noopener" title="This link will take you away from steemit.com"><strong>Source: </strong> Inviertenbitcoin </a></center></div></td>
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<div class="text-justify"> The volume indicator is usually represented by a succession of columns of different sizes, where each column is the time of the time frame in which the market is being traded (i.e. 1 hour, 4 hours, 1 day, 1 week, 1 month, etc.).</div>
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<div class="text-justify">Finally, it is important to note that the size of the columns reveals either high or low trading activity in a given period. Another element to highlight is the color of the columns, with green being assigned to columns with a higher projected volume than the preceding trading, and red to columns with a lower projected volume than the preceding trading.</div>
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<center><img src="https://i.postimg.cc/RZv1mgTY/Banner-Fuente-consultada-3.png"/></center>
<div class="text-justify"><h3>SOURCES CONSULTED</h3></div>
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<div class="text-justify">➊ <strong> Steven N</strong> Using Trading Volume to Understand Investment Activity. <a href="https://www.investopedia.com/ask/answers/041015/why-trading-volume-important-investors.asp" rel="noopener" title="This link will take you away from steemit.com"> Link</a></div>
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<center><img src="https://i.postimg.cc/RZv1mgTY/Banner-Fuente-consultada-3.png"/></center>
<div class="text-justify"><h3>OBSERVATION:</h3></div>
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<div class="text-justify">The cover image was designed by the author: @lupafilotaxia, incorporating image background: <a href="https://criptotendencia.com/2018/09/21/como-utilizar-el-indicador-de-volumen-en-forex/" rel="noopener" title="This link will take you away from steemit.com"> <strong>Author:</strong> Criptotendencia</a></div>
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<center><img src="https://i.postimg.cc/7LWSgwyv/Banner-Fuente-consultada-4.png"/></center>
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<center><img src="https://i.imgur.com/idxRf4a.png"/></center>
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vote details (219)
@josevas217 ·
Hi @lupafilotaxia
I agree with you, for technical analysis Volume is one of the main indicators, I could say the most important. Although I know of strategies that do not use it, and within all they do not do badly. Until recently I did not use it, however, I have realized that it is very important, and that it serves as a good guide in the process.
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@lupafilotaxia ·
Hi @josevas217

Knowing the price action, implies to follow closely the market volume, that gives us a better orientation of the trend and potential trend reversals.

Best regards, be well.
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@creativeblue ·
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<a href="https://tipu.online/curator?creativeblue" target="_blank">Upvoted  &#128076;</a> (Mana: 1/6) <a href="https://steemit.com/steemit/@tipu/tipu-voting-quick-guide" target="_blank">Get profit votes with @tipU :)</a>
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@amestyj ·
Hello dear @lupafilotaxia, very good article, it is certainly a great contribution from you, considering that some of us are starting in this world of technical analysis in cryptos.

See you later, we remain in communication.
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@obiwoke ·
Very correct friend, volume is really very important in technically analysis because it shows the trader the percentage to which the trend might get to. The volume indicator is really a very helpful one to traders. Thanks friend for sharing this with us 😊
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@cindylove1 ·
Hi@lupafilotaxia, you are 100% right. The technical analysis volume is one of the indicator that must be considered when trading.  I believe this article will enlightened those that know nothing about this before.

Thanks for sharing
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@emiliomoron ·
No doubt that volume is very important as an indicator in technical analysis, as you say, no platform lacks it. Although many do not base their strategy on it, I believe that the vast majority at least do not fail to take it into account to confirm their analysis.
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@dgalan ·
Greetings @ lupafilotaxia
Very interesting post about one of the many indicators that we can use when making any movement in buying or selling cryptoassets, no doubt the volume serves us a lot for this type of transaction. 
Thank you very much for sharing.
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