Using Dollar Volume On ThinkorSwim #Shorts

Using Dollar Volume On ThinkorSwim #Shorts

When I'm trading, I like to make my charts as efficient as possible. So, I created a dollar volume column. This allows me to quickly compare different stocks based on their dollar volume, regardless of the last price or the number of shares traded.

For instance, I can see that CLVS has some of the highest dollar volume, followed by NIO and XNET. This method enables me to easily identify which stock is being traded the most by dollar volume, whereas comparing the volume of actual shares traded can be more confusing.

By focusing on dollar volume, I can efficiently monitor and compare trading activities across various stocks, streamlining my decision-making process.

Keywords

• Trading
• Dollar Volume
• Efficient Charts
• Stocks
• CLVS
• NIO
• XNET
• Shares Traded
• ThinkorSwim
• Trading Activities

FAQ

Q1: What is dollar volume? A1: Dollar volume refers to the total value of shares traded for a particular stock, calculated by multiplying the share price by the number of shares traded.

Q2: Why is dollar volume important for trading? A2: Dollar volume helps traders quickly compare the trading activity of different stocks, making it easier to identify which stocks are being traded the most in terms of value.

Q3: How does dollar volume improve chart efficiency? A3: By focusing on dollar volume, traders can bypass the confusion that may arise from just looking at the number of shares traded. It provides a clearer picture of trading activity.

Q4: Can dollar volume be used in ThinkorSwim? A4: Yes, you can create a dollar volume column in ThinkorSwim to help you compare stocks based on their dollar volume.

Q5: Which stocks were mentioned as having high dollar volume? A5: The stocks mentioned with high dollar volume are CLVS, NIO, and XNET.