How to use Enhanced Volume for Smarter Stock Picks

A lot of people ask me about the volume settings on my stock charts. It’s actually one of the top questions I get. My charts look a bit different, and I’ve customized them to highlight only the volume that really matters to me. If you’re curious about how to filter out noise and focus on key trading signals, you’re in the right place. In this guide, I’ll walk you through my approach to using the Enhanced Volume indicator, which has made my chart analysis a lot clearer and more effective.

Why traditional volume falls short

Volume is a key part of my trading, but standard volume indicators only tell you so much. Typically, you’ll see bars showing whether the volume was high or low, and if the price went up or down. But not every volume spike is significant. For example, a high volume day with a weak price move doesn’t tell you much about market sentiment.

That’s why I use Enhanced Volume, an indicator in Deepvue—it adds an extra layer of insight.

What is Enhanced Volume?

Enhanced Volume is an indicator that doesn’t just highlight high volume days, but also considers the quality of the price action. It does this by looking for:

1. Above-Average Volume – This flags days where trading volume significantly exceeds the average.
2. Strong Close – This identifies days where the stock closes in the upper 50% of the candle, showing strong buying interest.

In other words, Enhanced Volume helps you quickly see when there’s real buying pressure in the market, driven by institutional investors. This is a signal that many traders look for because it can indicate potential accumulation.

How I use Enhanced Volume on my charts

When I scan charts, I want to instantly know if there’s any volume worth paying attention to. That’s why I customize my volume settings so that only the most relevant information stands out. I hide the usual up-volume, down-volume, and below-average volume bars in the background. They’re there if I need them, but they don’t distract me.

Instead, I highlight the Enhanced Volume bars in blue (labeled Pocket Pivots in settings). This way, I can quickly see the days with above-average volume and strong closes, which often point to institutional buying. It’s a fast and efficient way to spot days that could signal big moves.

Setting up Enhanced Volume on your charts

If you’re using a platform like Deepvue, setting up Enhanced Volume is pretty straightforward:

1. Turn on the Enhanced Volume Indicator – This allows you to filter by above-average volume with a strong close.
2. Customize Colors – I make my Enhanced Volume bars blue, but you can pick any color that stands out for you. In the settings, these strong volume strong close days are labeled Pocket Pivots. Many traders go with green or another color that contrasts with their chart background.
3. Focus on Strong Volume Days – With the other volume bars blended into the background, the blue bars (or whichever color you choose) stand out, making it easy to spot key days at a glance.

By following this setup, you can quickly scan through your charts and zero in on the days that really matter.

Why highlighting strong volume days matters

When you focus on high-volume days with strong closes, you’re essentially spotting the times when big players—like institutional investors—are active in the market. These are the moments that drive significant price changes.

For example, if you see multiple blue bars in a short period, it might indicate that institutional investors are accumulating shares. This could mean a breakout is on the horizon, or that a downtrend is about to reverse. By filtering out less important volume days, you can stay focused on the most actionable insights.

Final thoughts: Simplify your volume analysis

In trading, my philosophy is that less is more, which is why I only use and focus on weekly charts. The Enhanced Volume indicator helps you simplify your analysis by focusing on high-impact days that could signal big opportunities. Customizing your volume settings this way can make it much easier to keep an eye on significant market trends without getting overwhelmed by noise.

If you’re looking to make your volume analysis more effective, give Enhanced Volume a try. It could help you quickly identify institutional accumulation and stay on top of high probability opportunities.