The
volume
factor.

Volume, the often ignored metric, is one of the most powerful drivers of market moves. This book is an incredible resource of not only the role of Volume but also how it can be used to unlock some amazing trading signals. Buff’s volume based indicators are some of the most inspired indicators I’ve seen in my nearly 30 years of Technical Analysis work. No matter what your level of proficiency with Technical Analysis is, these are indicators that should be in your daily tool-kit. There are so many high points in this book like Buff’s explanation of price momentum in terms of Newtonian physics and the critical section on Risk Management. Make sure you don’t skip the introduction on this book either, Buff’s candor as he describes his experience and observations in the market is refreshing and will help anyone who is open to self-reflection. This is an incredible book that will give any Fund Manager, Advisor or Trader critical insights into what drives the market, the confidence to hold a position, and the hidden clues of when it’s time to get out.

Analysts debate the importance of volume in modern markets. Some say changes in market structure make it less meaningful. Others insist principles from the 1800s still apply exactly as they did back then. Buff uses data to settle the question definitively and shows both sides are wrong. He introduces new indicators offering unique insights into market action. He explains how to calculate the indicators and how to use them in trading. This is groundbreaking work and Buff has changed the way I will look at markets in the future. VPCI and VMI are now standard indicators on my charts. After reading this book, you’ll certainly find tools to add volume to your work too.

I found investing with Volume Analysis of great interest. Any new study of volume and its great technical importance demands immediate attention. It is good to have Buff’s new ideas and discoveries added to the history and importance of volume in technical analysis. My sincere thanks to Buff for his great work and contribution.