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NEVER truncate your Volume indicator
Martha Stokes recently posted an article on the importance of analyzing volume. She said, "NEVER truncate your Volume indicator". What the heck does that mean? To "truncate" means "to shorten, by cutting off the top or the end." I'm not sure how one would even be able to do such a thing with a volume indicator. Anybody know what she means?
Here's the whole paragraph:
NEVER truncate your Volume indicator. This is a mistake because the bars represent the total number of shares traded that day, and will provide many “indications” required to understand who controls Price on that day.
OK, I get it, volume is important, but why or how would you "truncate" it?