Chart Your Stocks With Float Charts by Steve Woods
ARTICLE SYNOPSIS ...Stocks & Commodities V. 23:11 (20-27): Chart Your Stocks With Float Charts by Steve Woods
Price is king. Volume is queen. Both live in the context of time. But is there a prince or prime minister who has been overlooked? Float charts may have the answer.
In my 1996 STOCKS & COMMODITIES article, I introduced the cumulative volume float indicator and In
demonstrated a dynamic relationship between a stock's price and volume and its floating supply of shares. The idea was simple: by adding up volume cumulatively on a chart, we can identify rectangles that correspond with areas of accumulation at...