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Imo it has to do with a few things
One is Interpretation of Volume & price action

Convergent , Divergent ...yes

But it is harmonious and inharmonious where Wyckoff analysis is different to what you tend to see with RSI or OBV etc. Or volume analysis. or most else...

Note the name.. optimism / pessimism ( not accumulation/Distribution )

A new high in the OP index ( and it is not seen as an indicator but a volume index. It trends has support & resistance zones etc)

Is not a "Buy" signal if it is inharmonious with the instrument ( that is both might well be making new highs but at a different times ) this is a sign of a possible turning point.

Also the OP index is built from the intra day waves of buying and selling and not fixed time intervals and technometer and force indexes too..

This different interpretation of Volume etc That is seen in Wyckoff is because of a particular defintion of what a Trend is.

Yes we have trend lines . series of highs and lows etc
(or SOS and LPS)

But the particular definition that matters in relation to Wyckoff is this

The Trend is the line of least resistance.. Ok what does this mean ?

Where do we see this line on the chart ? ( careful .

An interesting way of looking at Volume was Paul Levine's Midas

http://www.stocksharepublishing.com/products/premPlugin_MIDAS.html
tried to do away with the static time frames..

Another interesting Volume indicator is
Negative volume index and Positive volume index.

POINT IS THIS Are you looking back or forward ?
You maybe read volume or an indicator very different depending on your answer.

Accumulation versus Optimism ? ( They are not the same )
Distribution versus pessimism ?

Maybe A falling OBV in a range could be a buy signal ? ( absorption ? )

Motorway

<blockquote data-quote="motorway" data-source="post: 618874" data-attributes="member: 7360">Imo it has to do with a few thingsOne is Interpretation of Volume &amp; price actionConvergent , Divergent ...yes But it is harmonious and inharmonious where Wyckoff analysis is different to what you tend to see with RSI or OBV etc. Or volume analysis. or most else...Note the name.. optimism / pessimism&nbsp; ( not accumulation/Distribution )A new high in the OP index ( and it is not seen as an indicator&nbsp; but a volume index. It trends&nbsp; has support &amp; resistance zones etc)Is not a &quot;Buy&quot; signal if it is inharmonious with the instrument ( that is both might well be&nbsp; making new highs but at a different times ) this&nbsp; is a sign of a possible turning point.Also the OP index&nbsp; is built from the intra day waves of buying and selling and not fixed time intervals and technometer and force indexes too..This different interpretation of Volume etc That is seen in Wyckoff&nbsp; is because of a particular defintion of what a Trend is.Yes we have trend lines . series of highs and lows etc(or SOS and LPS)But the particular definition that matters in relation to Wyckoff&nbsp; is thisThe Trend is the line of least resistance..&nbsp; Ok what does this mean ?&nbsp;Where do we see&nbsp; this line on the chart ? ( careful <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite2" alt=";)" title="Wink&nbsp; &nbsp; ;)" loading="lazy" data-shortname=";)" /> .An interesting way of looking at Volume was Paul Levine&#039;s Midas <a href="http://www.stocksharepublishing.com/products/premPlugin_MIDAS.html" target="_blank">http://www.stocksharepublishing.com/products/premPlugin_MIDAS.html</a>tried to do away with the static time frames..Another interesting Volume indicator is Negative volume index and Positive volume index.POINT IS THIS Are you looking back or forward ?You maybe read volume or an indicator very different depending on your answer.Accumulation versus Optimism ? ( They are not the same )Distribution versus pessimism ?Maybe A falling OBV in a range could be a buy signal ? ( absorption ? )Motorway</blockquote>

[QUOTE="motorway, post: 618874, member: 7360"] Imo it has to do with a few things One is Interpretation of Volume & price action Convergent , Divergent ...yes But it is harmonious and inharmonious where Wyckoff analysis is different to what you tend to see with RSI or OBV etc. Or volume analysis. or most else... Note the name.. optimism / pessimism ( not accumulation/Distribution ) A new high in the OP index ( and it is not seen as an indicator but a volume index. It trends has support & resistance zones etc) Is not a "Buy" signal if it is inharmonious with the instrument ( that is both might well be making new highs but at a different times ) this is a sign of a possible turning point. [B]Also the OP index is built from the intra day waves of buying and selling and not fixed time intervals[/B] and technometer and force indexes too.. This different interpretation of Volume etc That is seen in Wyckoff is because of a particular defintion of what a Trend is. Yes we have trend lines . series of highs and lows etc (or SOS and LPS) But the particular definition that matters in relation to Wyckoff is this [B]The Trend is the line of least resistance[/B].. Ok what does this mean ? Where do we see this line on the chart ? ( careful ;) . An interesting way of looking at Volume was Paul Levine's Midas [url]http://www.stocksharepublishing.com/products/premPlugin_MIDAS.html[/url] tried to do away with the static time frames.. Another interesting Volume indicator is Negative volume index and Positive volume index. POINT IS THIS Are you looking back or forward ? You maybe read volume or an indicator very different depending on your answer. Accumulation versus Optimism ? ( They are not the same ) Distribution versus pessimism ? Maybe A falling OBV in a range could be a buy signal ? ( absorption ? ) Motorway [/QUOTE]

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