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Volume Based Charts Request for HELP
- Thread starter brownsfan019
- Start date
Hi John,
Setting the "format symbol" to trade volume instead of tick count will not resolve the issue.
It is easily proven - call up a share bar chart of whatever interval you prefer. Now click on individual bars on your chart and note "up volume" and "down volume" for several of them.
Add the two values together for each bar - on a constant volume chart, the total will always be the share bar chart interval you selected.
That isn't the case in TradeStation unfortunately.
HM
Setting the "format symbol" to trade volume instead of tick count will not resolve the issue.
It is easily proven - call up a share bar chart of whatever interval you prefer. Now click on individual bars on your chart and note "up volume" and "down volume" for several of them.
Add the two values together for each bar - on a constant volume chart, the total will always be the share bar chart interval you selected.
That isn't the case in TradeStation unfortunately.
HM
Quote from jficquette:
Stay away from Multi. Programmed by Russians, probably owned by them too.
I use constant volume on TS and my bars are very constant. Pick a share amount and put volume bars on and you will see.
You problem with TS is more than likely due to how you have volume set up under "format symbol". Make sure it is set to trade volume and not tick count.
If you use tick count the volume bars that you look at in another pane will should the tick count and not share volume so it looks inconsistent.
John
Quote from HoustonMark:
TradeStation has Volume or Share Bar charts BUT the missing word is "constant". Despite many requests and enhancement suggestions, TradeStation continues to use uncapped volume bars.
This bar may be 520, the next bar may be 480 etc. etc. depending on how the datafeed comes in. It averages out to 500 contracts per bar I suppose but the end result is you wind up with about 20 percent fewer bars on a daily basis. This results in "inaccurate" oscillator indications compared to someone who is using constant volume bars.
I am a long time TradeStation user but had to buy Multicharts to get constant volume bars. I drive it with the TradeSTation datafeed and everything works fine.
There may be other charting programs that also have constant volume bars (Ensign for one) but I am not aware of all of them.
Hope it helps.
HM
Just noticed your chart. You have the volume perference set to tick count.
John
Quote from HoustonMark:
Hi John,
Setting the "format symbol" to trade volume instead of tick count will not resolve the issue.
It is easily proven - call up a share bar chart of whatever interval you prefer. Now click on individual bars on your chart and note "up volume" and "down volume" for several of them.
Add the two values together for each bar - on a constant volume chart, the total will always be the share bar chart interval you selected.
That isn't the case in TradeStation unfortunately.
HM
When I set up a 5000 or 20000 or what ever constant share chart and then put volume bars on it the bars are level give or take a little.
John
Attachments
All rather amazing as I have never posted a chart...
Anyway, I have no desire to get into a to and fro on this issue....TradeStation does not offer constant volume bar charts...period....no settings will fix it....call TradeStation as the OP did and as I have done in the past....they will confirm this to you....
It may or may not make any difference depending on your style/method of trading....to some of us, it makes a huge difference...
Anyway, I have no desire to get into a to and fro on this issue....TradeStation does not offer constant volume bar charts...period....no settings will fix it....call TradeStation as the OP did and as I have done in the past....they will confirm this to you....
It may or may not make any difference depending on your style/method of trading....to some of us, it makes a huge difference...
Quote from jficquette:
Just noticed your chart. You have the volume perference set to tick count.
John
Quote from jficquette:
Stay away from Multi. Programmed by Russians, probably owned by them too.
I use constant volume on TS and my bars are very constant. Pick a share amount and put volume bars on and you will see.
You problem with TS is more than likely due to how you have volume set up under "format symbol". Make sure it is set to trade volume and not tick count.
If you use tick count the volume bars that you look at in another pane will should the tick count and not share volume so it looks inconsistent.
John
TS absolutely doesn't have constant volume bars and that is that.
If you don't understand the benefit of Constantly Capped Volume Bars then striving to build them is lost in their simplicity.
So being Russian is a bad thing? What, you don't like Blacks, Jews, Hispanics, Asians or Muslims either? You are living on the wrong planet bud!
Quote from ProfLogic:
TS absolutely doesn't have constant volume bars and that is that.
If you don't understand the benefit of Constantly Capped Volume Bars then striving to build them is lost in their simplicity.
So being Russian is a bad thing? What, you don't like Blacks, Jews, Hispanics, Asians or Muslims either? You are living on the wrong planet bud!
Russians are crooks along with Nigerians. Not sure who are most accomplished. Nigerians probably work at it harder but Russians have been doing it longer.
John
Quote from ProfLogic:
TS absolutely doesn't have constant volume bars and that is that.
If you don't understand the benefit of Constantly Capped Volume Bars then striving to build them is lost in their simplicity.
So being Russian is a bad thing? What, you don't like Blacks, Jews, Hispanics, Asians or Muslims either? You are living on the wrong planet bud!
Are you the guy who use to call himself Logic Master and had the web site with Spock on it?
John
John - 'give and take' is NOT acceptable in volume share bars. I'm not paying for charts that are 'kind of 'accurate when other services do exactly what I need.
I called TS directly and they do NOT support constant volume bars. And it can be altered by as much as 30%+.
See my initial pic - one bar on the 500 EC chart is actually at 680 - that's 130 over my threshold. That is unacceptable and will not work.
At this point it looks like Multi is the best option as you can easily import Easy Language into it.
I called TS directly and they do NOT support constant volume bars. And it can be altered by as much as 30%+.
See my initial pic - one bar on the 500 EC chart is actually at 680 - that's 130 over my threshold. That is unacceptable and will not work.
At this point it looks like Multi is the best option as you can easily import Easy Language into it.