Volume Charts

Discussion in 'Index Futures' started by joseph135, Aug 9, 2017.

  1. You already lose
     
    #21     Aug 22, 2017
    Xela likes this.
  2. Xela

    Xela


    You'll perhaps think it sounds strange, but with apologies, I'm not allowed (by my NDA) to post charts in a forum. Doubtless someone else will oblige.

    (Actually I have seen volume charts posted here in other threads, incidentally).



    I suspect not, realistically: they look superficially exactly the same as any other chart, anyway: the difference is simply in the inputs from which the bars/candles are constructed.

    In other words, there's nothing about the appearance of the charts that would enable you to decide whether or not to use them: only your overall comparative results from using them for a statistically significant time can determine that.

    Appearance is irrelevant, overall: only outcomes matter.

    [I appreciate, of course, that you know this already, but for the benefit of anyone with less experience reading the thread, I'll just clarify that the closing of each bar/candle and the opening of the next is defined not by the passage of a specified unit of time (as with time charts) or by the transacting of a specified number of orders (as with tick charts), but by the transacting of a specified volume, and if a single, large order exceeds the instant bar's/candle's limit, it's shown effectively as if it were divided between two bars/candles.]
     
    #22     Aug 22, 2017
    Overnight likes this.
  3. Overnight

    Overnight

    I'll give it a whirl. Here's a pic of a volume chart next to a unirenko on today's Sep ES. Glean what you can of it.

    esvoluni.JPG
     
    #23     Aug 22, 2017
    Xela likes this.
  4. Xela

    Xela

    Wow, "unirenko": that's a foreign language! [​IMG]
     
    #24     Aug 22, 2017
  5. speedo

    speedo

    upload_2017-8-22_13-36-51.png
     
    #25     Aug 22, 2017
  6. speedo

    speedo

    upload_2017-8-22_13-37-10.png
     
    #26     Aug 22, 2017
    Xela likes this.
  7. Overnight

    Overnight

    Only if you sneeze with a mouthful of chalupa.
     
    #27     Aug 22, 2017
    Xela likes this.
  8. speedo

    speedo

    Renkos look cool but I never found an effective way to use them.
     
    #28     Aug 22, 2017
  9. Xela

    Xela

    I once spent a couple of hundred hours looking at "point and figure" and reading about it, but thought better of it (still don't really know what I might be missing, there: some people swear by it - others swear at it).
     
    #29     Aug 22, 2017
    murray t turtle and speedo like this.
  10. Overnight

    Overnight

    I suppose it is just a matter of what you find out there that makes sense to your own head. Time-based charts I could never read properly. The renko-types suit me well.
     
    #30     Aug 22, 2017
    Xela likes this.