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Originally Posted by daraknor
Has anyone noticed a strong correlation between reversal points and Prive-Volume-Time interactions? I would think only a weak correlation would exist, and only on the extremes. (less volume = greater chance of support/resist line). The most effective support/resist have 0 trading, because they are never touched...
What would be the purpose of this? Volume over time would tell me when the Over The Counter market is open.
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I agree with Ian that extreme price limits of support / resistance have less volume recorded than the prior 1-3 bars coz thats where majority have entered , and the majority is going to be wrong if the trend ATM (at the moment)is perceived to be a trading range.