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So, I am asking for help of those using something other than TS for charting - if you could be so kind as to first see if your charting platform supports Volume Based Charts (aka Share Bars) and then add a volume histogram to the bottom of it and see if the volume is nice and uniform or if it is like my pic above. Please post all feedback here so we can help each other out! |
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brownsfan,
Here's a chart showing 500 volume bars in Investor/RT.
http://www.charthub.com/images/2008/02/06/RegressionBands_2.png
About a year ago, I changed the way our volume bars divided up the contracts. We were creating bars that were at least 500 contracts, but could exceed the 500 based on the size of the last trade that completed the bar. Now, we split the last trade up between bars if needed, so that each bar is exactly the volume called for. Theoretically, a single tick could create many bars (one tick of 2500 would result in 5 volume bars of 500).