VOLUME CONFIRMATIONS

Volume is the number of contract sold and bought added together to give a
total on the specific time frame. It is a great way of confirming a trend. 

Explained in Contenders Volume part 1 stream on 18. 3. 2020 (45:45)

OBV (ON BALANCE VOLUME) LEADING

PRICE
OBV is the cumulative total of volume (positive and negative). It is a leading
indicator (volume leads price). On this example price is going sideways and
OBV is going down – this signals money is coming out from asset.

Explained in Contenders Volume part 2 – OBV stream on 25. 3. 2020 (46:06)

OBV DIVERGENCES
OBV can be used for identifying divergences at tops and bottoms and it can
also give heads up while price is ranging which direction it is likely to break out.

Explained in Contenders Volume part 2 – OBV stream on 25. 3. 2020 (43:20)

PATTERNS ON OBV
It is possible to draw patterns on OBV and trade off of them. Daniel does not
do that though.

Explained in Contenders Volume part 2 – OBV stream on 25. 3. 2020 (48:11)

Also in ‘volume’ series in modules:
https://www.chartchampions.com/modules/volume/ 
ich direction it is likely to break out.

Explained in Contenders Volume part 2 – OBV stream on 25. 3. 2020 (43:20)

VISIBLE RANGE (VPVR)
The highlighted area is where the highest percentage of volume is (68% – or
as you set in settings). The low of the highlighted area is VAL, the high is VAH
and the POC is wherever the most volume was transacted.

Explained in Contenders Volume part 3 – VPVR stream on 8. 4. 2020 (22:04)

ATTEMPTS TO BREAK A RANGE

An example of VPVR while trading the range. Keep in mind context of trading
is very important.

Explained in Contenders Volume part 3 – VPVR stream on 8. 4. 2020 (26:43)

SESSION VOLUME S/R LEVELS

This tool is very good way of seeing the pivotal VAL, VAH and POC’s from
each trading session (24h for crypto). Each of these are used as S/R.

Naked POC is a level on the chart where there was the most transacted
volume. They are very strong support/resistance levels when hit the first time
(people get out on the break-even). They are the strongest on Weekly and
Monthly levels.

Explained in Contenders Volume part 5 – Session Volume + Naked POCs

stream on 29. 4. 2020 (39:22 and 46:25)