The True Range Specified Volume study is a resistance indicator. It is calculated as volume divided by TrueRange.

Resistance can be spotted when True Range specified volume is at least 1.5 times greater than its previous value.


Plot Description
TRsV The True Range Specified Volume plot.

Further Reading

1. "Using Volume To Detect Shifts In Power" by Vadim Gimelfarb. Technical Analysis of Stocks & Commodities, November 2004.


*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.