Volume Underlay Indicator Basics Guideline

Volume Underlay

The Volume Underlay indicator mainly shows the total volume as a bar chart beneath each of the chart’s periods. Unlike the all other indicators that display in a sub-window, the Volume Underlay indicator displays within the actual chart. Before step into the main discussion regarding the specific indicator let’s just have some quick idea about the volume.

Volume in Technical Analysis

During a particular period of time, the total number of transacted shares are represented by the Volume. Buying and selling of a share are considered as one transaction. For example, if in a day, ten transactions happen, then the volume of the day is ten.

The volume as an Indicator

The volume plays a significant role as an indicator. In technical analysis, volume helps to find out the relative worth in a market. Generally, the higher the volume, the higher the market movement. Sometimes, divergence may occur between price and volume, in that case, market trend reversal happens.

If the traders are want to get more details regarding the Volume Underlay indicator, then please open the STUDIES section of Zerodha Kite. The traders are also visiting in Kite mobile App. The Up Volume color is green and the Down Volume color is brown. If you want to change these colors then you can change it. The traders can also check attaching process of the Volume Underlay indicator to Reliance Industries share price chart. This indicator is available includes daily, weekly, monthly or intraday.

Volume Underlay Indicator

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