Final answer:
The statement refers to a momentum indicator that uses volume and price to assess market forces, which is true as there are technical analysis tools like the On-Balance Volume indicator in finance for this purpose.
Step-by-step explanation:
The statement describes a momentum indicator that involves using both volume and price changes to assess the strength of buying and selling pressures in a market. This description suggests the use of technical analysis in finance, where traders and investors use various tools and indicators to predict future market movements. Momentum indicators are particularly useful to measure the speed or velocity of price changes in a financial market. They are often applied in the stock market, commodities market, or forex trading to determine whether a trend is strong or weak, signaling whether it may continue or reverse.
One commonly known momentum indicator that incorporates volume is the Volume-Weighted Average Price (VWAP). However, there is no particular indicator mentioned in this context that solely focuses on both volume and price for determining buying and selling forces.
The part of the question that seems to be a statement is actually seeking validation of whether such a momentum indicator exists. Therefore, the response would be true as there are indeed momentum indicators that use price and volume, such as the On-Balance Volume (OBV) indicator, which helps to predict the movement of a stock by observing its volume flow.