Introduction
With this article I close the thematic series on the volume oscillator indicator, and as I have mentioned in previous posts, the volume indicator is of vital importance when making buying or selling movements in any financial market, mainly because it represents the value traded during a given period of time.
Additionally, the volume indicator offers interesting data to strengthen the different trading strategies, because, if visually on the charts the trading volume increases, it is expected that the price action will increase in the same direction.
Next, I will show you in simple steps how to configure the volume oscillator parameters:
Step 1. The first thing to do is to enter the exchange portal or platform (in my case I use BINANCE) and select the pair you want to trade.
Step 2. Next, locate and open the tradingview analysis tool offered by the Binance platform.
Step 3. Then click on the Technical Indicator icon to display the list of indicators.
Step 4. The Volume Oscillator indicator is selected.
Step 5. Finally, if you wish to change the values of the two moving averages of the Volume Oscillator and the color, you can do so by clicking on configure and you will be able to visualize the Volume Oscillator on your charts.
SOURCES CONSULTED
➊ Steven N Using Trading Volume to Understand Investment Activity. Link
OBSERVATION:
The cover image was designed by the author: @lupafilotaxia, incorporating image: Source: Daytradetheworld
