Quote from ProfLogic:
This is where the top portion of the chart comes in. The labels that the computer generates on the price portion of the chart shows us the strongest oscillations inside of the specific trend of that chart. These oscillations or decision points give us either the perfect opportunity to trade based on the direction of the Overall Strength & Direction of that Chart or the perfect opportunity to see that a given oscillation is contrary to that strength and direction and gives us the comfort of standing aside from taking a trade based on that particular oscillation.
Every oscillation is a decision point . . .
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Thank you very much for your explanation.
I have the impression that I don't understand the meaning of the word
"oscillation" the way you use or mean it respectively.
""to see that a given oscillation is contrary to that strength and direction and gives us the comfort of standing aside from taking a trade based on that particular oscillation.""
That is where I don't get the point -
lack of English or lbrains -
Anyway a few more words on the subject would be appreciated again.
Thanks
Charly
Why do people use Volume, Range and Tic charts?
- Thread starter fearless9
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Depends very much on the time frames.
Intraday and short term there is nothing that comes near the volume charts imho.
I used for a decade any "time"-frame -
from seconds to 30 minutes.
Since I tested the volume bars and compared them to "time" charts I
dropped the latter ones - without exception.
Charly
Quote from Charly:
Quote from ProfLogic:
This is where the top portion of the chart comes in. The labels that the computer generates on the price portion of the chart shows us the strongest oscillations inside of the specific trend of that chart. These oscillations or decision points give us either the perfect opportunity to trade based on the direction of the Overall Strength & Direction of that Chart or the perfect opportunity to see that a given oscillation is contrary to that strength and direction and gives us the comfort of standing aside from taking a trade based on that particular oscillation.
Every oscillation is a decision point . . .
~~~~~~~~~~~~~~~~~~~~~~~
Thank you very much for your explanation.
I have the impression that I don't understand the meaning of the word
"oscillation" the way you use or mean it respectively.
""to see that a given oscillation is contrary to that strength and direction and gives us the comfort of standing aside from taking a trade based on that particular oscillation.""
That is where I don't get the point -
lack of English or lbrains -
Anyway a few more words on the subject would be appreciated again.
Thanks
Charly
Oscillation = Top = Resistance
Oscillation = Bottom = Support
On the charts every color change of the ERG or histogram denotes an oscillation. An oscillation equal to or greater than the top black line is Prime/Major Resistance. An oscillation equal to or greater than the bottom black line is Prime/Major Support.
Prof. Logic. I have a big favor to ask. Could you remind me of some good volume settings for ES, ER2, 6E, 6C I read them months ago and I can't recall what they were or where to look. Since the are buried deep that's why I ask. 
I started with a 5000 volume for ES trend and I am considering 1000 volume for entry. What do you think, yeah or nay?
I appreciate your help.
I started with a 5000 volume for ES trend and I am considering 1000 volume for entry. What do you think, yeah or nay?
I appreciate your help.
Quote from dandxg:
Prof. Logic. I have a big favor to ask. Could you remind me of some good volume settings for ES, ER2, 6E, 6C I read them months ago and I can't recall what they were or where to look. Since the are buried deep that's why I ask.
I started with a 5000 volume for ES trend and I am considering 1000 volume for entry. What do you think, yeah or nay?
I appreciate your help.
These are the Trend charts I use. Entries are incrementally one step lower.
S&P -
Scalp - 343 Volume
Intraday -2401 Volume
Swing - 117649 Volume
Position - 823543 Volume
Russell, DOW & Euro FX -
Scalp - 49 Volume
Intraday -343 Volume
Swing - 16807 Volume
Position - 117649 Volume
I don't watch or trade the pairs. Too much profit in watching a single market if you can read price. I've found that diverting your focus throughout the day over a few different markets causes confusion. Find an increment that is comfortable and offers enough oscillations to keep your attention and trade away for a few hours a day. I trade from 8 am to noon EST each day and I'm more than happy with the results.
What is the range of the S&P going to be for today, tomorrow or over the next 3 hours? That variable aspect of a chart will eventually hurt and distract you.
Range bars are for individuals that trade breakouts which is alright but not wildly consistent. Range bars are all price oriented and ignores volume. Constant volume bars are a perfect balance between price and volume and that relationship is the core of all price movement.
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