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varies with the instrument... for ES I used v3000 (fine tune entry), v9000 (setup) and v27000 (medium term trend)... depends on your trading style, the liquidity of the market, etc.
Depends on what you are looking for. Just try a few different sizes and see what compliments your trading. I don't recommend trading off just a volume chart, but I don't recommend trading off any 1 single chart of any kind. Two or three different types of charts of different sizes will give you the best picture.
Your goal isn't to take signals off each chart. The goal is to use the second or third chart to supplement your primary chart and help you make decisions of when not to trade, or what direction to only trade in, etc. Don't just load up identical indicators on all three charts and look for correlation.
Here is a short list of Fibonacci numbers. I'm always looking for this, so I wanted to post it here.
This is a blatant rip from
The first 300 Fibonacci numbers, factored Every Fibonacci number bigger than 1 [except F(6)=8 and F(12)=144] has at …
) just because that is how I was taught, instead of using round numbers like 100 or 500 or 1000.
For CL I am using an 89 volume chart which produces roughly one bar per minute, roughly the same as a 6 range. But they are two very different looking charts. For CL the volume chart is my smallest chart.
For ZN I used a 1597 volume chart as my smallest chart. For ES I think it was a 2584 or maybe 4181 (I am thinking 2584 during summer, 4181 normal).
The point is explore and then find what supplements your other charts the best. I can't emphasize enough to have more than one chart, and not to try to get every chart to correlate. I think that is not the point.
Thanks for your thoughts, Now that I have my 3 screen configuration up and running, I plan to devote 1 screen to monitoring volume.
Also, my volume splitter projects are complete and these volume indicator suites will be released shortly in the elite circle forum to benefit this site.
