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Turning Patterns into Profits with Harmonic Trading (Collection) by Scott M. Carney, Buff Pelz Dormeier

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12. Intraday Volume Accumulation Oscillators

“I’m very interested in price-volume work. I find the theory of volume preceding price to be quite useful. I’m a big fan of Joe Granville’s on-balanced volume and Marc Chaikin’s Money Flow.”

—John Bollinger, CFA, CMT Bollinger Capital Management

Shortly after Granville began popularizing accumulative volume, other technicians began to redefine the concept. These new concepts accepted the role of volume but denied the use of interday closes as the best determinants of supply and demand. Rather, these technicians believed that the best way to capture the volume flow was through intraday activity. Similar to the beliefs involved in candlestick charting, intraday volume analysis focuses primarily on the ...

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