[Volume Based Candles] and how to profit

[LS_Chad]

forsearch,

Thank you for pointing that out. The problem is not our algorithm, but with a web page that has not been updated to reflect changes in the software. I have corrected the page. Over a year ago, we changed our logic for forming volume bars so that each bar is now composed of exactly the number of contracts/shares that the user requests (splitting trades up across multiple bars when needed to accomplish this). So the software does work as you desire, the web page was just out of date. Thanks again for bringing that to my attention.

[forsearch]

	Quote:	LS_Chad
	forsearch, Thank you for pointing that out. The problem is not our algorithm, but with a web page that has not been updated to reflect changes in the software. I have corrected the page. Over a year ago, we changed our logic for forming volume bars so that each bar is now composed of exactly the number of contracts/shares that the user requests (splitting trades up across multiple bars when needed to accomplish this). So the software does work as you desire, the web page was just out of date. Thanks again for bringing that to my attention.

No problem, Chad - thanks for updating the community.

Now if you could add OpenECry/OEC or Transact/Infinity to your list of data feeds for either Market Delta or Investor/RT and life would be really good

-fs

[LS_Chad]

Actually just got started on TransAct/Infinity today. Shouldn't be long.

[momentom]

	Quote:	LS_Chad
	forsearch, Thank you for pointing that out. The problem is not our algorithm, but with a web page that has not been updated to reflect changes in the software. I have corrected the page. Over a year ago, we changed our logic for forming volume bars so that each bar is now composed of exactly the number of contracts/shares that the user requests (splitting trades up across multiple bars when needed to accomplish this). So the software does work as you desire, the web page was just out of date. Thanks again for bringing that to my attention.

Chad, do you have equivolume range bars? Is there a screen shot?

tx

[LS_Chad]

	Quote:	momentom
	Chad, do you have equivolume range bars? Is there a screen shot? tx

momentum,

If I understand you correctly, you want a chart where the periodicity is range bars, and then those bars are drawn as equivolume bars. So essentially the height of each bar should be equal, but the width will be proportional to volume. Is this correct?

If so, yes, and below is a screenshot. The normal range bars (candles) are drawn in the top pane ($1 rangebar of ES - those can be hidden if you like). The equivolume bars are drawn in the bottom pane.

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

[mister ed]

	Quote:	LS_Chad
	If I understand you correctly, you want a chart where the periodicity is range bars, and then those bars are drawn as equivolume bars. So essentially the height of each bar should be equal, but the width will be proportional to volume. Is this correct? If so, yes, and below is a screenshot. The normal range bars (candles) are drawn in the top pane ($1 rangebar of ES - those can be hidden if you like). The equivolume bars are drawn in the bottom pane.

Chad - I did not know about this charting option ... very nice thank-you!