Volume
From Timetotrade
timetotrade can be used to create Volume Alerts that will notify you by mobile phone, instant messenger or email when your volume rule based investment conditions are met. Use timetotrade to avoid missing trading opportunities regardless of how busy you are...and when it’s time to trade we’ll let you know!
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What is the Volume Chart
A volume chart displays the number of shares traded in a security over the selected interval period. Volume surges (spikes) or a weakness in volume can provide can provide an early indication of price increase or decrease.
Creating Volume Alerts
To create an alert, go to the Charts page, and enter the ticker symbol for the stock or currency pair you wish to follow. This will take you to the alert creation page. Select "volume" from the drop down menu. The system is defaulted to show the Price chart with the Stochastic chart below, but once you have set up a timetotrade account you can select your own default settings.
There are four types of Volume Alert Triggers available on the timetotrade system: Rising and Falling Threshold Triggers and Break-Out and Pull-Back Triggers (as shown in the diagram below).
To create an alert, just click on the appropriate Trigger Button at the right hand side of the Volume chart. There are no programming languages to learn, no spreadsheets or complex formulas to write. Just click a button, enter your parameters and your alert is created. Simple!
What do the Volume Alert Triggers do?
The Volume Alert "Rising Threshold" Trigger can be used to create an alert to notify you of volume surges and the "Falling Threshold" Trigger can be used to notify you of a drop off on trading volumes. For example from reviewing the ORCL 6 month daily price and volume charts, you can see there is a correlation between the volume spikes (a), (b), (c) and (d) and the price movement. You can use the Threshold Triggers to create an alert to notify when these conditions are met in the future; if you wanted to create an alert that will notify you when there is another volume spike, click on the 'Rising Threshold' trigger, then enter a value such as 175 million (175000000) in the alert text box that appears below the chart.
The Volume Alert "% Breakout" and "% Pullback" Triggers can be used to create an alert to notify you when the volume increases or decreases by a given percentage within the selected chart interval period. These triggers can be used to notify you when there is a sudden surge or drop in volume; e.g. you can use Percentage Breakout volume trigger to notify you if there is a volume surge greater than 10% within a 15 minute interval.
More information on how to use the timetotrade system to create Volume Alerts can be found on the Creating an Alert pages.
timetotrade can also be used to create alerts on Price as well as the technical indicators: Bollinger Bands, Stochastic, RSI, MACD and Moving Averages.
Further Reading
- How to Create Alerts using timetotrade
- More Information on Creating Alerts
- Lagging Indicators
- Leading Indicators
- Support Level
- Resistance Level
- Trend Lines
- Private Investor User Manual table of contents
- timetotrade is where private investors and investment clubs manage investment affairs. Consolidate and manage your investments, calculate your Capital Gains and Income tax liabilities, track performance and asset allocation, keep a trading journal, access professional trading tools and create alerts to avoid missed trading opportunities. Click here to create a FREE timetotrade account.