Volume--- how to use it and WHY

Quote from marketsurfer:

this guy is unreal.

once again, DO CONSTANT VOLUME BARS FORM AT DIFFERING TIME INTERVALS?

surf:confused:
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To the point, I'm going to post three charts of Friday's action.

I assure that they are three completely different charts, however, they will be showing the exact same thing.

I'd be willing to bet dollars-to-donuts that the so-called volume aficianados can't identify which chart is which, or what role (if any) volume plays in the trade.

Any of you maestros up to the challenge? :D

CHART 1
 

Attachments

better yet, if your up for it, why not post several of the wizard's own charts with the more recent readings deleted. let's see if the wizard can interpret his own charts to see what will happen next. should be interesting!

surf
 
Quote from marketsurfer:

better yet, if your up for it, why not post several of the wizard's own charts with the more recent readings deleted. let's see if the wizard can interpret his own charts to see what will happen next. should be interesting!

surf
More...
To do ProfLogic justice, I don't know fully how his charts are created, nor am I familiar with his way of viewing price action, so I can't accurately re-create his charts without knowing his system.

A. I use a fractal approach to measure the movement of price action in accordance with a multi-time frame (or multi-range of price action, or multi-volume of shares traded ... as you see from the charts that I posted, it is all relatively the same to me).

B. He uses a relatively small amount of volume to form each unit of measurement of his charts, and then uses two indicators to measure (i) price oscillation and (ii) strength of price movmenent.

A. My method incorporates time when creating charts, either directly or indirectly.

B. His method looks only at shares traded at multiple fractals of ech other.

A. My method is linear.

B. His method is circular.
 
every TA method incorporates time directly or indirectly--- the wizard refuses to admit this fact--- since doing so will monkeywrench the entire philosophy.

i was speaking of finding charts posted by the wizard previously, not recreating same. sorry for the confusion.

surf
 
Quote from marketsurfer:

every TA method incorporates time directly or indirectly--- the wizard refuses to admit this fact
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A simple moving average is one method of smoothing data.

So, how is time incorporated in an SMA of the closing price of constant volume or range bars?
 
Quote from jprad:

A simple moving average is one method of smoothing data.

So, how is time incorporated in an SMA of the closing price of constant volume or range bars?
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:confused: what am i missing?

an SMA needs to be created from periods-- constant volume bars are formed from a set volume number that is created by default at various time intervals therefore time is incorporated by default. you can't avoid the time factor inherent within market measurement.
 
Quote from marketsurfer:

every TA method incorporates time directly or indirectly--- the wizard refuses to admit this fact--- since doing so will monkeywrench the entire philosophy.

surf
More...
Quote from jprad:

A simple moving average is one method of smoothing data.

So, how is time incorporated in an SMA of the closing price of constant volume or range bars?
More...
1. CONSTANT VOLUME BARS - use VOLUME as their fixed element and RANGE and TIME as their variable elements in their creation.

2. CONSTANT TIME BARS - use TIME as their fixed element and RANGE and VOLUME as their variable elements in their creation.

3. CONSTANT RANGE BARS - use RANGE as their fixed elemment and TIME and VOLUME as their variable elements in their creation.

My charts show this implicitly, and in fact, someone has already figured-it-out and sent me a PM to that effect ... :D

Like surf says, it's all TA, and all ways of understanding how price action is working ... no method is beter or worse than the other, it's all about how you use it.
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It's always fun talking about trading with you guys.
 
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