Chart analyst Carter Worth breaks down his most important technical indicator

Investing

There are many technical indicators for traders to choose from. For Carter Worth, there’s one that stands out above all others: volume.

“A lot of charters don’t look at volume. They say it’s all in the price action. … but volume is the essential criteria,” Worth, the founder of Worth Charting with more than three decades on the Street, told CNBC’s Dominic Chu in this special Pro Talks discussion available to all readers. “The study of volume and price volume correlation is the single most important thing one can do if one wants to engage in pattern recognition and studying price action trying to profit in the market.”

“[Philosophers] Camus and Sartre would argue that existence precedes essence, and in markets, volume precedes price,” he added.

(Pro subscribers can watch the full interview here.)

In this interview, Worth talks about:

  • How his career in finance began
  • His approach to chart analysis
  • The importance of a defined time horizon for investors

Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.

Articles You May Like

Samsung Electronics’ chip profit shrinks 40% from the previous quarter
Wise’s billionaire CEO fined £350,000 by UK regulators over failure to report tax issue
Year-end Roth IRA conversions are popular — but don’t wait too long, financial experts say
Airbus delivers first extra-long-range Airbus A321 as smaller jets fly farther
Inflation is cooling, yet many Americans are still living paycheck to paycheck

Leave a Reply

Your email address will not be published. Required fields are marked *