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Why is Volume measured in shares and not in value?



If the volume of a share traded in a period is high and the price is high, it is certainly of interest. 

If the volume of a share traded in a period is high but the price is low, then why is it of interest?  We want to see where the real action is happening.

Why do we see charts where the number of shares traded is lower, but the actual value is higher because the price increased?

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