This is one of the most popular volume indicator over the years.The basic premise behind this is that volume precedes price. It reflects the amount of shares traded in a particular stock and is a direct reflection of the money flowing into and out of a stock.The signals are fairly straight forward and center around the concepts of divergence and confirmation. Microsoft is plotted with
| 1) Accumulation Distribution |
| 2) Divergences are shown by trendlines. |