Importance of Volume | Traders Hideout


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Importance of Volume

  #34 (permalink)

Vancouver Canada
 
Trading Experience: Beginner
Platform: Investor RT & Ninja
Broker/Data: IB & IQ DTN
Favorite Futures: ES
 
Posts: 1,106 since Nov 2014
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WOW CO View Post
@Narcissus

Your bars are grey, purple, blue - is these painted according to the size of the equivolume bar?

Purple for down bar, Blue for Up bar. (I don't like the Red/Green colours due to their association to profits/losses and the associated emotions).

Grey colour is the border of the bar. If I see predominantly grey colour, I know that the volume in that bar/area is very low. Exception would be a thick doji bar in which case the tick chart will show my big buyers/sellers.

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