[Volume Based Candles] and how to profit

[Mitch]

what time do the fed ann' ?

[TinGull]

215 est today

[brownsfan019]

FYI - it appears the new version of Sierra Charts will support constant volume candles.

http://supportboard.sierrachart.com/...ad.php?t=13917
http://www.sierrachart.com/index.php?file=new.html

[Mitch]

Up & away , not really traded around 'this event' before, do we get some action pretty instant or what.................?

[brownsfan019]

	Quote:	Mitch
	Up & away , not really traded around 'this event' before, do we get some action pretty instant or what.................?

Hopefully you saw the 'action' Mitch - a few moments before 2:15pm and shortly thereafter.

[Mitch]

Sure did , talk about fast !!! Made a quick 700 , then gave back 650 almost as quick !!! Then decided to step aside & try to 'learn' somrthing new.
I was watching the T & S & quite a lot of the time; you see the 'red' seemingly overwhelm the green ( or vice versa) but the price seems almost static & appears to go in the direction it should'nt.....any comments?
Reviewing the charts , the candles do appear to be quite informative.........will look into this some more .
Would this combine with P&F?
Cheers
Mitch

[LS_Chad]

	Quote:	pheroman
	Can anyone tell me which software packages have equicandles/volume based cnadles?

Investor/RT has true constant volume bars:
http://www.linnsoft.com/tutorials/periodicities.htm

and EquiVolume (EquiIndicators):
http://www.linnsoft.com/tour/techind/equi.htm

[EagleTrader]

	Quote:	walterw
	Ok, here it goes, the indicator its called "Time per Bar"

I stumbled on this forum and have gained some additional insights to how I use volume bars, and am thankful.
One small request, I dont use TS anymore and use Neoticker, is it possible that you could share the posting of the code bit of the Time Per Bar Indicator in plain text, so that I can try and convert it.

The time per bar bit was a missing piece to what I was looking for to interpret volume bars thank you

[forsearch]

	Quote:	LS_Chad
	Investor/RT has true constant volume bars: http://www.linnsoft.com/tutorials/periodicities.htm and EquiVolume (EquiIndicators): http://www.linnsoft.com/tour/techind/equi.htm

Chad,

I just reviewed the links you had posted earlier about this and saw...

	Quote:
	Notice that the volume of every bars is essentially the same. All bars have the required volume of 5000, with some having slightly more depending on the volume of the last tick/trade that occurred in that bar.

True Constant Volume Bars should be "EXACTLY" the volume stated, not just approximate, nor "essentially" the same. This is the same problem that plagues Tradestation's implementation of Volume Bars, IMHO.

Have you looked into this, and are you planning on updating your algorithm to address this issue (if you haven't already, that is ) ?

-fs

[LS_Chad]

Eagle,

I can't help with Neoticker but anyone using Investor/RT or MarketDelta, simply add the Volume Breakdown indicator and choose "Time Per Bar (Secs)" as the result. You can see the number of seconds spent in each bar plotted as a histogram in the second pane of the chart below.

http://www.charthub.com/images/2008/...TimePerBar.png