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Price By Volume Chart - PBV
A horizontal histogram plotted on the chart of a
security, which corresponds to the volume of shares
traded at a specific price level. Price by volume
histograms are found on the Y-axis and are used by
technical traders to predict areas of support and
resistance.
Large price by volume bars are used to illustrate high
buying and selling interest, and they are often
regarded as a sign that the given price level will act as
a strong area of support or resistance. It is common to
see the price of an asset face little resistance when
traveling between levels that have small PBV bars,
but pushing the price past areas with large PBV bars is
substantially more difficult.
A horizontal histogram plotted on the chart of a
security, which corresponds to the volume of shares
traded at a specific price level. Price by volume
histograms are found on the Y-axis and are used by
technical traders to predict areas of support and
resistance.
Large price by volume bars are used to illustrate high
buying and selling interest, and they are often
regarded as a sign that the given price level will act as
a strong area of support or resistance. It is common to
see the price of an asset face little resistance when
traveling between levels that have small PBV bars,
but pushing the price past areas with large PBV bars is
substantially more difficult.