Importance of Volume - Traders Hideout | futures io social day trading
futures io futures trading


Importance of Volume
Updated: Views / Replies:2,831 / 37
Created: by phyoko Attachments:9

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 9  
 
Thread Tools Search this Thread
 

Importance of Volume

  #31 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Ninjatrader
Favorite Futures: ES
 
Posts: 74 since Oct 2011
Thanks: 1,315 given, 115 received


Narcissus View Post
I am a fan of volume studies. I am also a strong believer that volume changes often happen BEFORE price changes.

My favourite indicator is Equivolume indicator where the width of the price bar is adjusted according to the volume traded. It gives a better feel for the validity of price moves.

I also use average tick size which helps me to differential small vs big players locations.


@Narcissus

What are you using that colours your bars that way it does in your charts

thanks

Reply With Quote
 
  #32 (permalink)
Elite Member
Vancouver Canada
 
Futures Experience: Beginner
Platform: Investor RT & Ninja
Broker/Data: IB & IQ DTN
Favorite Futures: ES
 
Posts: 1,095 since Nov 2014
Thanks: 2,125 given, 1,593 received

I use Lynnsoft IRT. They have Equivolume indicator which adjusts the width of the bar according to the volume.


Sent from my iPad using futures.io mobile app

Reply With Quote
The following user says Thank You to Narcissus for this post:
 
  #33 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Ninjatrader
Favorite Futures: ES
 
Posts: 74 since Oct 2011
Thanks: 1,315 given, 115 received



Narcissus View Post
I use Lynnsoft IRT. They have Equivolume indicator which adjusts the width of the bar according to the volume.


Sent from my iPad using futures.io mobile app

@Narcissus

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

Reply With Quote
 
  #34 (permalink)
Elite Member
Vancouver Canada
 
Futures Experience: Beginner
Platform: Investor RT & Ninja
Broker/Data: IB & IQ DTN
Favorite Futures: ES
 
Posts: 1,095 since Nov 2014
Thanks: 2,125 given, 1,593 received


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.

Reply With Quote
 
  #35 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Ninjatrader
Favorite Futures: ES
 
Posts: 74 since Oct 2011
Thanks: 1,315 given, 115 received


Narcissus View Post
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.

OK, Thanks. In NT, the equivolume bars are always red/green, which could be changed to purple/blue. For your chart, I thought there might be some kind of filter for the grey bars (e.g. if volume is less than xxx paint the bar grey). That's obviously not the case, it's just a matter of how nt displays candle volume bars vs the platform you are using.

Reply With Quote
The following user says Thank You to WOW CO for this post:
 
  #36 (permalink)
Elite Member
Vancouver Canada
 
Futures Experience: Beginner
Platform: Investor RT & Ninja
Broker/Data: IB & IQ DTN
Favorite Futures: ES
 
Posts: 1,095 since Nov 2014
Thanks: 2,125 given, 1,593 received


WOW CO View Post
For your chart, I thought there might be some kind of filter for the grey bars (e.g. if volume is less than xxx paint the bar grey) .

Actually, there IS a filter in my 1000 tick chart.

If the volume is less than 3000, then I want them to be just 1 pixel, which means it's grey. In this case, the average volume per trade is less than 3. I call that amateur or retail play.

Anything more than 5000, it will be painted as maximum of 10 pixel. To me, that's institutional play. Everything in between will be graded between 1-10 pixels.

Obviously it's not necessarily true of who is being active, but it helps me to understand market behavior better.

Please note that Overnight contracts are generally low average and the closing minutes of RTH is high average and I don't read too much into those periods of activity.

Reply With Quote
The following user says Thank You to Narcissus for this post:
 
  #37 (permalink)
Market Wizard
Canada
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: InteractiveBrokers
Favorite Futures: NQ
 
SoftSoap's Avatar
 
Posts: 591 since Aug 2015
Thanks: 345 given, 1,214 received


Narcissus View Post
@bobwest

1 Minute Bar

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



1000 tick bar

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


This is really cool. Is the width solely based on current volume, or can you configure it so that the width is relative to previous days?

Yesterday's excellence is today's standard and tomorrow's mediocrity
Reply With Quote
The following user says Thank You to SoftSoap for this post:
 
  #38 (permalink)
Elite Member
Vancouver Canada
 
Futures Experience: Beginner
Platform: Investor RT & Ninja
Broker/Data: IB & IQ DTN
Favorite Futures: ES
 
Posts: 1,095 since Nov 2014
Thanks: 2,125 given, 1,593 received

This is only based on the bars visible in the range. Not comparing past days or corresponding minutes. However, I do use relative volume indicator, similar to the one you see in @Inletcap postings. That compares the current minute bar over the past n number of days same minute bars.


Sent from my iPad using futures.io mobile app

Reply With Quote

Reply



futures io > > > Importance of Volume

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Ask Me Anything (AMA) w/Rod Casilli @ Collective2

Aug 23
 

Prototyping Python Strategies (part 3, Live Trading) w/Ran Aroussi [1PM ET]

Elite only
 

Develop Strategies and Perfect Execution w/Brannigan Barrett @ Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
TOS Convert to TS - Chart Labels - Daily Volume/Period Volume and Bid/Ask trendfriendpa The Elite Circle 1 November 1st, 2015 03:30 PM
ask/bid volume difference on diagonal dominant side in volume ladder Czechmade Sierra Chart 2 May 27th, 2015 12:30 PM
Real volume vs. tick volume in spot forex Jason Rogers Currency Futures 4 December 22nd, 2014 06:08 AM
The importance of web/mobile trading Big Mike Platforms and Indicators 22 May 28th, 2014 01:47 AM
Possible Volume Delta, CD, Volume Profile in NT8, vs MC8.5 ilikeread NinjaTrader 9 April 2nd, 2013 01:54 PM


All times are GMT -4. The time now is 09:49 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-08-17 in 0.15 seconds with 36 queries on phoenix via your IP 54.145.120.69