Free Trial

Safari Books Online is a digital library providing on-demand subscription access to thousands of learning resources.

  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint

Using VPCI

Several VPCI signals might be employed with price trends and price indicators. These include a VPCI greater than zero, which illustrates whether the relationship between price trends and volume confirms or contradicts the price trend and by how much. This is the most important indication given by the VPCI indicator. Positive VPCI numbers confirm an uptrend, whereas negative numbers confirm a downtrend and vice versa.

Figure 17.2 VPCI V bottom.

image

(Created with TradeStation. ©TradeStation Technologies, Inc. All rights reserved.)

Next in importance is the trend direction of the VPCI, determined by the VPCI rising or falling. This provides the current course of the VPCI movements, illustrating whether the present direction of VPCI is converging with or diverging from price.


  

You are currently reading a PREVIEW of this book.

                                                                                                                    

Get instant access to over $1 million worth of books and videos.

  

Start a Free 10-Day Trial


  
  • Safari Books Online
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint