Part 1: Volume Analysis Techniques

by David G. Hawkins
10/4/99

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Table of Contents

Three Volume Analysis Techniques by David G. Hawkins

Introduction

Three Techniques

1. The Modified Price/Volume Trend Index (MPVT)

Tick-by-Tick Money Flow (TTMF)

Minute-by-Minute Money Flow, example 1

Minute-by-Minute Money Flow, example 2

On-Balance Volume (OBV)

ILC Technology 6-95 to 3-98

On Balance Volume Overlay

Price/Volume Trend (PVT)

PVT Overlay

Matching Overlaid Plots to Price Plot

PVT & OBV Overlay

PVT Overlay

Difference between OBV and PVT

OBV Follows Price

Difference between OBV and PVT (Cont.)

PVT Shows Divergence

Critique: Calibrating the Indicator

PVT Scaling Issues

PVT Rescaled

Best Formula for PVT - the Modified PVT (MPVT)

OBV Overlaid on MRK Price

MPVT Signals Break in Trend

A Speculative Blow-off

RCL Example

Author: Dave Hawkins

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CPU Example

Read Closely

Continued Trend Example

Continued Trend Example 2

What, but not When

ARQL Example

Monitoring Base-Building

Base-Building Example

Base-Building (Cont.)

MPVT Signals Breakout

Another Example

CLZR Breakout Signaled

MPVT vs Moving Avg.

First Order Discontinuities

First Order Discontinuity Example

First Order Discontinuity Example 1

First Order Discontinuity Example 2

First Order Discontinuity Example 2b

First Order Discontinuity Example 2c

First Order Discontinuity Example 2d

Second Order Discontinuities

Discontinuity Example

Second Order Discontinuities

Summary, MPVT