Why do people use Volume, Range and Tic charts?

Status
Not open for further replies.
Quote from dandxg:

Thanks Prof. Logic. I am right now tinkering around with a volume chart that looks similar to my 3 min ES chart, which I really liked, and its definitely more consistent.
More...

343 CVB Chart should be close.
 
Does anyone know if we can ask moderators to change title of this thread? This way more people will look into it. Smoething like

"Why do people use Volume and Tic Charts "
 
Quote from RedDuke:

Does anyone know if we can ask moderators to change title of this thread? This way more people will look into it. Smoething like

"Why do people use Volume and Tic Charts "
More...

fearless9 would have to ask since it is his thread.

I'm done here till later guys. Trading is done for today and I have to go play in the yard and get things ready for Winter. I will posts some different chart increments this weekend to show you some of the different examples of the CVB charts.
 
ProfLogic

Russell, DOW & Euro FX -

Scalp - 49 Volume
Intraday -343 Volume
Swing - 16807 Volume
Position - 117649 Volume
More...


I want to switch my system from using 5 min data into constant volume data. The problem is e-mini Russell volume at 2003 was different then the volume at 2006.

What do you think about adjusting volume?
If I use 343 volume bars at 2003 year I will get say (did not measure) 30 bars/day and at 2007 year I will get 150.

Also there are days with low volume and with high volume. But the price movement can be great even at low volume day.

Do you have any ideas/suggestions?
Thanks in advance
 
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. [/QUOTE]
~~~~~~~~~~~~~~~~~~~~~

That's what I needed.

Thank you.

Charly
 
Quote from RedRat:

ProfLogic




I want to switch my system from using 5 min data into constant volume data. The problem is e-mini Russell volume at 2003 was different then the volume at 2006.

What do you think about adjusting volume?
If I use 343 volume bars at 2003 year I will get say (did not measure) 30 bars/day and at 2007 year I will get 150.

Also there are days with low volume and with high volume. But the price movement can be great even at low volume day.

Do you have any ideas/suggestions?
Thanks in advance
More...

Here is what I would suggest. Find a chart you like whether that be minute or tick. Start looking at volume charts and count the bars to make sure you have a similar bar count. I found that for my chart data provider a 10,000 volume was closest to the bar count for a 3 minute, but this will change with different data providers.
 
Russell, DOW & Euro FX -

Scalp - 49 Volume
Intraday -343 Volume
Swing - 16807 Volume
Position - 117649 Volume

Somewhat of a surprise to me is that
you seem to use the same numbers for
EuroFX trading as for those 2 indices.

I assume you referring to the futures -
if not where do you get reliable volume numbers from?

Thanks again.

Charly
 
Quote from Charly:

Russell, DOW & Euro FX -

Scalp - 49 Volume
Intraday -343 Volume
Swing - 16807 Volume
Position - 117649 Volume

Somewhat of a surprise to me is that
you seem to use the same numbers for
EuroFX trading as for those 2 indices.

I assume you referring to the futures -
if not where do you get reliable volume numbers from?

Thanks again.



Charly
More...


Charly you can get reliable volume numbers in forex if you subscribe to the GTIS feed from E signal. It's the only way I have heard of. Both Tradeguider and Leverage FX use it for the volume based trading in forex.
 
This hopefully is not off topic -

I have read about (heaven knows where)
an indicator named:
up tick down tick - volume indicator

Does someone here know more about it
or where to get hold of more information-
possibly even the formular for softwares
such as TradeStation etc.??

Thanks for caring.

Charly
 
Quote from RedRat:

ProfLogic

I want to switch my system from using 5 min data into constant volume data. The problem is e-mini Russell volume at 2003 was different then the volume at 2006.

What do you think about adjusting volume?
If I use 343 volume bars at 2003 year I will get say (did not measure) 30 bars/day and at 2007 year I will get 150.

Also there are days with low volume and with high volume. But the price movement can be great even at low volume day.

Do you have any ideas/suggestions?
Thanks in advance
More...

Trade for today not 4 years ago.

The 343 is a beautiful chart for intraday trading but like all charts, some days are better than others. 3 to 4 days a week Russell is a thing of beauty the other day and a half it is consolidating and a mess. The solution: trade when the chart is easily understandable and stay out when it is confusing. If you only trade when the chart is clear, there will be more than enough profit to make the week a masterpiece.

I will post some charts latter this weekend and you will see what I mean. I look for oscillations to trade from and any day that I get between 6 and 18 oscillations is a great day.
 
Status
Not open for further replies.
Back
Top