When using volume data comparison to increase the edge of a trading strategy, a 'relative' assessment must be performed, not an absolute comparison. This is because assets exhibit a regular and repetitive volume pattern every day, irrespective of price action.
This video provides a step-by-step guide of how to perform the volume comparison using these principles and techniques.
This is an episode within the 'Using Volume Data to improve Trading Strategies' video series. See previous episodes for volume data basics and subscribe to be notified when future videos in the series explaining more advanced techniques get released.
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This is Episode 63 in the Darwinex 'Algo Trading for a Living' Playlist, and Episode 3 of the new 'Volume Data' mini-series.
Content Disclaimer: Past performance is not a reliable indicator of future results. The contents of this video (and all other videos by the presenter) are for educational purposes only and are not to be construed as financial and/or investment advice.
Risk disclosure:
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