Why do people use Volume, Range and Tic charts?

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Quote from MidKnight:

I spent a good portion of my time this weekend playing with various squares and other timeframes on vol charts. My personal conclusion is that it doesn't matter.

Using multiples of 3 or 4 across my various timeframes (high, trading, and low) gives me the same coherence of varying detail as did the squares approach. I didn't find the squares approach flexible enough to present the chart in the shapes I am used to seeing in some markets I follow.

PL, thanks for sharing the info though. I appreciate being given the opportunity to explore original ideas.

Kind regards,
MK
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You're not used to seeing price displayed without the variables. You are used to manipulating the data into what you are used to seeing instead of allowing price to just flow. It is quite different.

Your welcome. Stimulating thought is a good thing.
 
Quote from jficquette:

Price is exactly what is being maniplilated. Volume just indicates the effort involved which is of no consequence.

John
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You had better look up the definition of the word manipulated. There is nothing less manipulated than pure price.
 
Quote from marketsurfer:

yes. the professor who trades 66 markets (:eek: :p ) daily, just doesn't get it.

regards,

surf
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Once again an intelligent thread being misdirected my the MS sleaze.

This from someone that has been trying to short every top on the Dow for the last 6 weeks and is upside down on every attempt. If there is someone that "JUST DOESN'T"T GET IT" it marketsurfer, the minion of Vic.

What's the problem MS didn't you know that there were that many markets out there. I mean gee, it wasn't but a couple weeks ago you figured out how to read the FOREX market you were supposedly trading.

Would you like your resume posted here too?
 
Quote from ProfLogic:

You had better look up the definition of the word manipulated. There is nothing less manipulated than pure price.
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Please explain the difference between pure price and impure price. LOL

John
 
Quote from jficquette:

Please explain the difference between pure price and impure price. LOL

John
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Why, its obvious you have already made up your mind that you know best. Great! For you, you do know best.

I've explained earlier in this thread the different ways to view price, why each is different and why I feel Volume Bars are the best. After 4 years I've yet to have anyone give me a reasonable explanation why my view of Volume Bar Charts was incorrect. The usual response I get is . . . "Because", or "I said so", or in the case of "him-who-I-will-not-mention", they just use misdirection but never never never an explanation. The reason is they can't explain it because they don't understand it.

I'll post some charts in a few minutes.
 
Quote from ProfLogic:

You're not used to seeing price displayed without the variables. You are used to manipulating the data into what you are used to seeing instead of allowing price to just flow. It is quite different.

Your welcome. Stimulating thought is a good thing.
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Maybe if I use the real example on the DJ Euro Stoxx50 that I am having trouble with it will make more sense. If I use a 3 square, my preferences for a trend chart would be either 19863 or 6561. The 19k one is too big I feel and doesn't give me enough bars per day for me to get signals from. The 6561 is too small and flattens out the chart too much. Too many bars per day here.

So let me try a 4 square. 16384 is still too big, not enough bars here. How about a 5 square? 15625 is still too big.

The problem is that around the 9k-11k vol makes a pretty nice trend chart. Yet I'm not finding any squares that give me something in that area. Yes, I could use a 10 square. But then my drop down in timeframe from 10k - 1k is too large a gap for me to read properly.

See what I mean? It just so happens that with this market, the squares approach is not providing me with values that a) I can recognize the same shapes across my varying timeframes and b) the distance between the timeframes isn't too large for me to get lost in.

warm wishes,
MK
 
Quote from ProfLogic:

For intraday use the 6561 for Trend and the 729 for entries and exits. For scalping use the 729 for Trend and the 81 for entries and exits. If you are interested in Swing or Position trading, go up 1 or 2 chart increments for the Trend.

I didn't read my first book on trading for 8 years just so I wouldn't be tainted by the opinions of others. I just studied the data for consistencies and with my background in problem solving, it worked. Now, most of the books I read are simply comical because almost non are grounded in quantitative objective facts, they are manipulated statistical piles of poo.

If you lay out and view the charts correctly you will prove to yourself that price moves consistently. You won't need to put your faith in anyone but yourself.
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I remember reading something from Gartley regarding constant volume bars. Tried it tonight with Esignal and only got 2 days worth of intraday data(ES).Will keep this in mind . Thanks for sharing this info........
erie
 
Quote from Wallace:

ProfLogic, I need pictures re squares, would you post a couple of example charts please.
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Wallace,

I will posts charts for the eMini Dow, eMini Russell, eMini NASDAQ, eMini SP, December eCorn and Euro FX. The price portion of the charts will show oscillations created by the next fastest "square" chart. The chart I will post is a Trend Chart for each market. The prices labeled on each price portion of the chart as well as the trend lines and trend oscillation labels shown on the indicator are generated in real time.

I'm currently having some internet problems but will post the charts in a bit.
 
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