Volume based indicators are technical indicators that use volume data to help analyze market trends. The idea behind these indicators is that volume is a reliable measure of market interest and participation, and can provide additional information to help determine market direction and potential trend reversals.
These indicators are designed to help traders and investors identify potential buying or selling opportunities by analyzing the relationship between volume and price changes. By taking into account both price and volume data, volume based indicators provide a more comprehensive view of market activity and trends.