Yeah I was joking with Ivob since he said sometimes it validates and sometimes it invalidates lol. If it is sometimes right and sometimes wrong then its a flip. I am going to add it to my charts and simply look to see if there are consistent patterns on trend reversals or FTTs at the Forrest and Tree level.
Not with Quotetracker. You can use Maks tool if you have Excel but it does not produce a histogram. Heres a snapshot of it. It is located around page 350 of the Question for Grob/Hershey thread.
Initially, just watch for the strong stuff... This is like +/- 5 territory... You can actually profile str/squ for strength just like volume... VDU is -2<=X<=+2 You move out from there...
dkm, There will be a difference based on how your software handles the coding - the start point on the comparison bar. As you can see in my chart the bars move across the centerline. It shouldn't make much of a difference when your used to how it acts. edit: Regarding what Mak said, Qcharts doesn't store the extreme values either. Gotta catch them on the fly. Regards - EZ <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1424388>
Y eah I am going to add it at the bottom and line it up with key moves and see what patterns emerge. Studying it myself is the only way to see if it is useful for me or just added noise.
I previously had an ohlc equivalent which did show the extremes then I changed it to histogram. I am nowhere near ready to use this tool so I am putting it on the back burner. My sim results continue to be very disapppointing.