[walterw]

yes Robert it will clearly show the weight that vbc its looking for.... time

[Robert2617]

Originally Posted by walterw »

Robert: you may want to put a volume histogram on a time based candles chart... you will see the diference, every time candle has a diferent volume weight.... on vbc every candle has the same volume, no weight there, so they have to rely on time weight per candle to determine volume analisis... I find more easy to measure volume histograms per time based candles, its more visual... but remember volume analisis its nothing more than wheight analisis of price action.... so if you have a hammer on a 1500v there is the same weight from candle to candle,doesnt mean nothing by itself.... no weight analisis, the only weight there is the time it took to build that hammer... so again we have time.... from one other perspective... cheers Walter.

I do see your point. I really am enjoying this thread. Looking at the same things but in a new way. Analyzing things to see their relationships. I don't think there is a right or wrong, it's what works best for any particular person.

For me, I would rather have a lot of volume and a lot of candles to trade that volume. During the day I'm not really looking at time. I'm on alert for volume, trying to ride the wave. If I'm getting candles, I'm getting volume and know it immediately. I guess I see it as humans have a natural sense of time but no natural sense of volume. That's the inn and the yoh of it!

[walterw]

I did test a little today this time per bar indicator... looks pretty decent.... cheers Walter.

[walterw]

OK now that I can clearly have a visual time weight of VBC I start too look at them with more respect and love... I attach an example of how after a super long time hammer formation we got a nice, very nice move... there is a lot to study on this... thanks to all for keep adding to this interactive volume research¡¡ cheers Walter.

[pheroman]

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

[brownsfan019]

Originally Posted by pheroman »

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

tradestation has them.

[brownsfan019]

Walter - glad to see you are coming around to VBC's.

Here is the main reason why I moved to them - during quick moving markets, traditional candlestick analysis is useless. I will try to post some charts for examples this week, but basically during a quick move if you have a 3, 5, 10+ minute chart, all you may end up seeing is one giant candle. For me, that does nothing. I get to sit and watch all the action taking place. Then, once the action calms down, I can jump right in! ... Anyone see a potential problem there?

I can see the arguments for a minute based chart with volume broken down in a histogram form. I used to do just that!! And as long as the market is acting 'normal' it's not too bad. But good luck around econ news, FOMC, etc. A couple giant candles do nothing for me. That's the key though - for me.

[Robert2617]

Originally Posted by pheroman

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

Originally Posted by brownsfan019 »

tradestation has them.

I think he is talking about the candles that get fat. TS has volume based candles but Ensign has the ones that get fat on volume.

September 2006 Trading Tips Newsletter