Chapter 18. Confirmation
Chapter Objectives
By the end of this chapter, you should be familiar with
• The methods of plotting volume information on charts
• Traditional general rules for interpreting volume statistics
• The major indexes and oscillators that are designed to use volume information as confirmation
• The concept of open interest and how it might be used for confirmation
• The concept of momentum
• The major indexes and oscillators that use price data
Chapter Summary
Analysis Methods
Indexes are cumulative sums of data, usually some variation of volume and price that continuously measure supply and demand over time rather than over a specific period. They do not have an upper or lower bound and the level of the index is irrelevant. ...
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