Why do people use Volume, Range and Tic charts?

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BrownFan,

I use eSignal/Multicharts and my internet is a WLAN at 5.8 MHZ., about 2 meg up and down. I don't have a single problem throughout the day. I'm upgrading my internet this Spring though to a dedicated fiber optic line drectly to the house, 10 - 12 meg down and 5 meg up predicted.






Quote from brownsfan019:

prof and tortoise - do you refresh throughout the day to ensure your data is clean and perfect? I ask b/c with MC and OEC data, my charts look fine if I don't hit the refresh. You'd never know unless you were trying to see if there were discrepancies.

I suggest taking a screenshot before a refresh and then after to see if there are noticeable differences.

See these screenshots I took today:
http://tinyurl.com/28uexo
http://tinyurl.com/yw6fbd
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Quote from brownsfan019:

It's too bad that there isn't a provider that provides clean volume charts. If one exists, I have not found it yet. Either they create 'TradeStation' volume charts (your setting or higher) or they are not constant and consistent, as is the case with MultiCharts here.
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Brown,

I'm looking into Multichart. In your experience do they fail to provide constant volume bars ?

Thank you for insight.

Anek
 
Quote from Anekdoten:

Brown,

I'm looking into Multichart. In your experience do they fail to provide constant volume bars ?

Thank you for insight.

Anek
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MultiCharts and Ensign are the only 2 charting providers that accurately have them and of the two MultiCharts is more for the professional trader. I you are a Swing or Position trader Ensign is definately the wrong one.
 
Quote from ProfLogic:

MultiCharts and Ensign are the only 2 charting providers that accurately have them and of the two MultiCharts is more for the professional trader. I you are a Swing or Position trader Ensign is definately the wrong one.
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I thought Sierra had them too, can you please confirm ?

Thank you

Anek
 
Quote from Anekdoten:

I thought Sierra had them too, can you please confirm ?

Thank you

Anek
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Sierra has Volume Bars but does not have the ability to cap them. The last time I checked they were working on it though. It isn't a hard programming fix just at what level of a priority it is for them.
 
Quote from ProfLogic:

Sierra has Volume Bars but does not have the ability to cap them. The last time I checked they were working on it though. It isn't a hard programming fix just at what level of a priority it is for them.
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Thank you PL for answering my question in such a prompt manner.

Anek
 
I released a dll that lets Sierra Chart users have fixed cap volume bars (it prorates "overvolume" to further bars). The SC guys plan to release and internal version soon.

I am curious about your language ... you say cap ... do you mean that "if more volume arrives (or a single tick has more volume than a bar) then they ignore that volume as opposed to prorating it to future bars?

If that's their approach then my dll users will see a different result. Can you clarify so that I can give them an option to have the "same" volume bars?
 
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