Reading volume spikes without volume study

[Kovacs]

Over the past few months, I've stripped my charts of all studies except for an RSI oscillator and volume.

I'm interested in removing the last two, but I don't know how one can do without volume.

On the 5-min, a volume spike during a trend signals a high-probability of a retracement. How can you tell this without a volume study?

 

[DataCruncher]

what is the motivation for removing the volume study?

 

[fearless9]

Quote from Kovacs:

Over the past few months, I've stripped my charts of all studies except for an RSI oscillator and volume.

I'm interested in removing the last two, but I don't know how one can do without volume.

On the 5-min, a volume spike during a trend signals a high-probability of a retracement. How can you tell this without a volume study?

Drop the RSI Kovacs and it will be one less distraction.
You could try burying the vol but create a pop signal for a vol spike onto your price chart and then take matters from there.

regards
f9

 

[Lucrum]

One option for you may be an equivolume chart.

 

[NihabaAshi]

Quote from Kovacs:

Over the past few months, I've stripped my charts of all studies except for an RSI oscillator and volume.

I'm interested in removing the last two, but I don't know how one can do without volume.

On the 5-min, a volume spike during a trend signals a high-probability of a retracement. How can you tell this without a volume study?

Volatility Analysis and no indicator is needed.

Use ET search to find old info about it but beware that Baron has a new policy of deleting educational information that's inactive of 3 years or more.

http://www.elitetrader.com/vb/search.php?s=

Simply, he may have already deleted the educational info.

Mark

 

[Kovacs]

Quote from DataCruncher:

what is the motivation for removing the volume study?

I'd like to eventually rely on price alone. A completely clean chart with significant levels.

 

[Kovacs]

Quote from fearless9:

Drop the RSI Kovacs and it will be one less distraction.
You could try burying the vol but create a pop signal for a vol spike onto your price chart and then take matters from there.

regards
f9

I thought about doing a pop signal but I'm not sure how in eSignal. Another issue is how to define a pop. Since a volume spike is relative to the past, isn't a hard number misleading?

 

[Kovacs]

Quote from NihabaAshi:

Volatility Analysis and no indicator is needed.

Use ET search to find old info about it but beware that Baron has a new policy of deleting educational information that's inactive of 3 years or more.

http://www.elitetrader.com/vb/search.php?s=

Simply, he may have already deleted the educational info.

Mark

I'll look into it.

Thanks for the input guys.

 

[Kovacs]

Quote from Lucrum:

One option for you may be an equivolume chart.

I tried a 5000V chart for the ES, but don't I then have to observe how fast the bars are forming? I'm also looking at the 5-min, 30-min, and 120-min, so sometimes I miss the print velocity on the equivolume charts.