Volume is used to highlight unusual trading activity in a security. It can be displayed as a separate indicator in Daily, Weekly or Monthly format.
Volume signals are covered in detail under Volume Patterns.
Coca Cola Corporation shows a close-up of a ranging market with daily volume and a 5-day exponential moving average.
Mouse over chart captions to display trading signals.
Significant increases in volume can be seen on days  to . The first three occur on days when price closes near the daily high, indicating accumulation (buying pressure). On day  price closes near the daily low, warning of distribution (selling pressure). Low volume on day  indicates uncertainty, but is followed by rising volume and strong closes, signaling accumulation.
To create a Volume Moving Average:
- Open the Indicator Panel
- Select Volume in the left column
- Under Optional Indicator Smoothing, set a
(the above example has been set to a 5-Day exponential moving average of Volume)
- Save [>] the indicator settings and
- Close [x] the Indicator Panel.