However, we all become comfortable with certain time periods for certain indicators or securities. We've already experimented with other time periods and found the time period we feel the most comfortable with. You may not. Price, time, volume, and breadth are inputs into these indicators. Price reflects the level of change in investors attitudes.
Time measures the cycle or period of change.
For example, the longer it takes to move the market from a bearish to a bullish position, the stronger this reverse in direction will be. Volume measures the intensity of the change in investors attitudes. A security which moves up on very low volume is not as stable as a security which moves up on high volume. And remember that volume is relative. Volume should always be measured against the volume that individual security or index typically demonstrates.