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VolumetricTM
Bars are an important concept if
you trade Stocks and Shares.
To change the bar type to
VolumetricTM
Bars, click on the "MTI Charting" name on the chart or click on the
options button.
LOOK CAREFULLY AT THE BARS.
They do not look like regular
bars, more like "Boxes", WHY?
With this concept you can see the bar's price range as well as the volume
plotted in one bar. The height of each bar represents price but the width of
the bar represents volume using 1 of 3 different volumetric methods the
trader selects.
Volumetric #1.
Volume is calculated using the 'Lowest Volume' during the
last 'n' number of bars.
Volumetric #2.
Volume is calculated using the 'Average Volume' of the last
'n' number of bars.
Volumetric #3.
Volume is calculated using a 'Fixed Volume' value, as
defined by the user. For example, if you select 1,000,000 as your 'base
value' and the day you are analyzing has a volume of 2,000,000 then the bar
will be twice as wide as the 'base value' bar. Obviously
the wider the bar in relation to previous bars, the more important your
signal can be.
On the "MTI Charting" version
4 you can have the same volumetric bars in candle stick format.
Of course, the "MTI Charting"
handles all time periods volume in the same way. If you trade intraday the
data vendors that the "MTI Charting" can collect volume in real time are:
S&P Comstock, Signal, BMI, DTN, MyTrack, Taltrade and Quote.com. On data
vendors that use DDE links the "MTI Charting" will only collect the last
trade price. |
