Daytrading- Big Picture and Volume Analysis

Constant Capped Volume Bar (CCVB)

If NT is Ninja Trader not Neo Tic then the volume panel is showing their vol bars as being constant capped.

regards
f9

 

Great, I know BF019 is as anal as I am about checking this out so now we have 3 that is verified.

 

Great, make Ninja Trader as number 4.

 

Yes, I meant Ninja. Thanks for the reply F9.

 

Are you 100% sure about NT being okay?

Put a volume histogram at the bottom of a constant volume chart. You dont see any small peaks?

I do.

 

Actually, VOL is okay, but BuySellVolume (real time) is not okay. I guess it depends on which you are using.

 

ex

 

Interesting SorL

I am not an NT user but I have started to look into it and CCVbar was the first thing that I tested

Buy/Sell Volume... presumably it should be the sum of both volumes at the bid plus at the ask, but assumptions are the mother of all f..kups in this game.

I wonder how NT treats these volumes

regards
f9

 

Ah, I posted the question to the NT guys and got a response (great service always over there).

orders that occur between the bid + ask do not get plotted on the buysellvolume histogram. That is what is happening there.

 

That explanation would then make the buysellvolume histogram inaccurate from a standpoint of volume bars.
Their volume bars would only be accurate if if encompasses all traded volume.