Volume is a widely used indicator in technical analysis, however there is a variation that is even more useful than Volume alone: the Moving Average of Volume.
It is nothing more than a moving average applied to the popular Volume indicator.
As the name says, Volume + MA serves to display the transacted volume (purchases and sales executed) of a certain financial asset at a given point of time together with the moving average of that same volume over time.
What is it for?With the Volume + MA indicator you can easily identify:
The transaction volume of any traded assetThe trend of traded volumePrice trend breaksDisruptions of supports and resistances
