Resistance Index - Volume

Resistance Index - Volume

Top 

Resistance Index - Volume

Variable List Abbreviation: Resistance-Vol

 

Variable Mode(s): Stock and Futures1

[ Note: appears in indicator list only after volume selected ]

 

Parameter(s): Resistance-Vol time periods

 

Description:

Difference between "Resistance to Advances - Volume" and "Resistance to Declines - Volume".  In general, prices tend to rise when the resistance to advances becomes less than the resistance to declines and tend to decline when the resistance to advances becomes greater than the resistance to declines.  Thus the resistance index trend may be useful for predicting the direction and strength of price trends.