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How to find total sell and buy volume within the end of the day volume and for previous days EOD ?

andystockandystock ✭
in SharpCharts
How to find total sell and buy volume within the end of the day volume and for previous days EOD volume?

Answers

  • KevoKevo ✭
    Volume is not categorized as "buy volume" and "sell volume" because for each transaction there is a buyer and a seller and there is no way to know the reasons for that transaction. So to determine a way to categorize volume, Technical indicators look at the price or tick. If the price went up, then that is considered advancing volume. If the transaction resulted in price declining, then that is considered declining volume. On a daily basis at EOD, if the price advances or declines, then the volume for the day is determined to be advancing or declining volume respectively.

    Drop the volume overlay on your chart, and choose color volume to see if the volume for the day was advancing or declining. Hope this helps. Any other comments anyone?
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