Page 121 - A Complete Guide to Volume Price Analysis: Read the book then read the market

Fig 12.12 Delta Volume

From this schematic the delta volume gives an indication of the net difference between the buying and the selling as the market moves higher and
lower. In other words, yet another way of interpreting the volume and price relationship. This approach is ideally suited to those markets where there
is an open exchange, such as for futures and equities.

Cumulative Delta Volume

Finally cumulative delta volume collects all the delta data and adds each subsequent bar to that of the previous bar - summing the totals in other
words, and then presents this as a series of bars, to provide a perspective on the daily or intra day price action. In other words, it attempts to give a
perspective on the strength of the buying or selling associated with the price action.

Delta and cumulative delta are relatively new in the world of Volume Price Analysis and as such, neither is generally available free as a standard
indicator. This may change in the future, and as we mo s anolume Pve forward over the next few years, I believe that delta and its derivatives may
be increasingly adopted for certain markets. One market that springs to mind in particular is for E mini traders in indices, where it all started for me!

I have now reached the end of the book. It is a book I have wanted to write for many years, and finally found the time to do just that. I have tried to
explain everything as carefully as I can, with what I hope are some clear examples, and now it is for you to practise reading the charts and applying
these techniques for yourself.

I hope I have managed to convince you of the power of volume and price, and the potential success that awaits if you are prepared to adopt this
methodology. It does require a little time to master but, in my opinion, is worth the effort. However, I would urge you again, NOT to spend thousands
of dollars on software which suggest that VPA can be done for you. It won't. VPA is a technique that takes time, effort and patience, but once you
have grasped the basic concepts then the rest falls into place very quickly.

Volume and price together are the only indicators that truly reveal market sentiment and the activity of the insiders. Without it you are trading blind.
With it, everything is revealed. There is no hiding place with VPA.

Finally, I would, of course, like to thank you for purchasing this book, and if you do have any comments, questions or suggestions I would be
delighted to hear from you. You can contact me on my personal email at anna@annacoulling.com and I guarantee that you will receive a reply. This
book is based on my own personal trading experience, and from what I found has worked for me over the years.

If you have enjoyed the book, naturally I would be grateful if you could spread the word, to help other traders who may still be struggling to
understand how and why the markets behave in the way they do. I would really appreciate a review on Amazon, which will help others to find this
book more easily. So thank you in advance.