"If current volumes are higher than previous volumes while price is increasing, it may be a sign of fund accumulation hence the indicator flashes green."
Quote from the Stockopedia Explanation of 10D/3M Volume indicator.
I have never seen this indicator actually flash. Are we saying it will physically flash (on and off) if the above condition is met?
W.
Where is this indicator, I have not seen this before. This maybe a good feature but how reliable is the data?
I nearly got caught out with Luceco (LON:LUCE), as the large increase in volume was not buying but a huge directors related sale. The other concern was this sale was not even on some of Stockopedia charts. Buy/sell data is often incorrect as seems based on the transaction price, I have often bought below the mid point, which will show as a sell.
Bioventix (LON:BVXP) was the latest deal I did that was near to the sell price, spread was 4000 - 4100 and my buy was at 4010.
Volume increase should be buying not selling.
Thanks but that is just volume, unless it means buying volume?
Selling volume going up is usually a negative indicator which is what happened at Luceco (LON:LUCE).
Momentum traders are often looking for increased buying volume so it worth checking but I think looking at charts and daily volumes is a better way to see what is happening.
