Day Trading & Forex Forum

bob1408

I was looking for a tool or resource that showed volume in a similar way as in the graphic below:



Graphic doesn't refer to real volume action, just a representation. Basically, I like to see buying and selling volume separately. Are there any tools or resources available that you can recommend?

Thanks in advance.

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senyorqueso

You can do this with eSignal studies - the one I use only captures live data though, so plots get lost if you close the tool and re-start.

TheBramble

Are you asking how to PLOTselling and buying volume (as different colours or +/- an X-axis)or how to IDENTIFY buying and selling volume? Virtually any charting product will provide the former - none that I know of, the latter.

grantx

Mr Bramble,

Good evening , Sir. How are you?

I’d like to chart buy and sell volume and whether these are opening or closing trades.

Grant.

TheBramble

This evening finds me well, thank you for asking Mr. X.

You also would like this, no? Yes?

In all seriousness, and I suspect you already know, but for those that may not have considered this:-

What do think the price and volume would look like if the vast majority of trades were opening Shorts (no missus...) or opening Longs, or closing Shorts or closing Longs?

Where would the bar for this timeframe be (Y-axis) in relation to the previous bars?

And where would the open and close be within the range of that bar?

And what would the likely magnitude of the range for that bar be relative to the previous bars?

And what would the Volume likely be looking like for this bar and relative to the recent bars?

That’s the easy bit, when the majority of action is in one direction. But when you have a mixed bag of intent, you need to stand back a way and look at the bar in the context of the bars each side of it – yes, that means you don’t get a fix on ‘that’ until a few more bars have passed which means you will often miss the top/bottom. Which is absolutely fine in my book.

rols

You want volume charting look no further (about half way down page)
the ensign rockets are a great feature too
http://www.ensignsoftware.com/help/features.htm#Ask

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grantx

Tony,

I'm afraid your trademark lucidity is lacking. I'm not sure what your saying.

Rols,

Impressive but not compatible with my feed. I'm sure it can't be that difficult (for programmers) to write a programme that links any feed with any charting package: "take the data from here and put it into here".

What are the main problems?

Grant.

bob1408

rols,
Ensign Windows certainly looks quite interesting. I'll check it out. Thanks a lot.

__________________
A common mistake that people make when trying to make something completely foolproof is to underestimate the ingenuity of complete fools...