Brian Shannon's Technical Analysis Using Multiple Timeframes
Volume & AVWAP: The book emphasizes using volume-weighted average price (VWAP) and Anchored VWAP (a tool Shannon pioneered) to identify key support and resistance levels. Where to Access Content
Libraries and Used Bookstores: Many local or university libraries carry copies of this classic text. Conclusion
The core philosophy of the book centers on the idea that "only price pays." While many traders get lost in a sea of lagging indicators, Shannon focuses on price action and volume across different time intervals to gain a high-probability edge. The Power of Multiple Timeframe Analysis
Stage 2: Markup – A sustained uptrend characterized by higher highs and higher lows.
Shannon places heavy emphasis on volume analysis, arguing that price tells you what is happening, but volume tells you how much conviction is behind the move.
Anchored VWAP (AVWAP): Shannon is a pioneer in using the Anchored Volume Weighted Average Price to find objective entry and exit levels based on specific events like earnings or gaps.
Brian Shannon's Technical Analysis Using Multiple Timeframes
Volume & AVWAP: The book emphasizes using volume-weighted average price (VWAP) and Anchored VWAP (a tool Shannon pioneered) to identify key support and resistance levels. Where to Access Content
Libraries and Used Bookstores: Many local or university libraries carry copies of this classic text. Conclusion
The core philosophy of the book centers on the idea that "only price pays." While many traders get lost in a sea of lagging indicators, Shannon focuses on price action and volume across different time intervals to gain a high-probability edge. The Power of Multiple Timeframe Analysis
Stage 2: Markup – A sustained uptrend characterized by higher highs and higher lows.
Shannon places heavy emphasis on volume analysis, arguing that price tells you what is happening, but volume tells you how much conviction is behind the move.
Anchored VWAP (AVWAP): Shannon is a pioneer in using the Anchored Volume Weighted Average Price to find objective entry and exit levels based on specific events like earnings or gaps.