Re: [amibroker] Re: So Long Amibroker, [No Volume Charts]

["ed nl" <ed2000nl@xxxxxxx>]

hi,

 

Amibroker is based on time as the X-axis. Equivolume charts could be drawn if Amibroker would have a setting where the Y-axis as well as the X-axis could be chosen by the user. Then you could make volume versus price charts for instance but it would also enable to draw results of statistical studies to a chart. I also asked for such a feature a year ago or so.

 

rgds, Ed

 

 

----- Original Message -----

From: Lesmond V

To: amibroker@xxxxxxxxxxxxxxx

Sent: Saturday, June 25, 2005 3:37 PM

Subject: [amibroker] Re: So Long Amibroker, [No Volume Charts]

Al,

What Steve means is that volume charts are most popular among futures
traders and not stock traders. Technically you can set you IBM stock
to let's say 10,000 volume bars.

The most economical way to test volume charts is to use SierraChart
software with IB feed.

I was also a bit confused when someone on this forum mentioned
"equivolume" charts some time ago. I had "equivolume" eod(!) charts
available in my old MetaStock for DOS 10 years ago (I don't remember
what they were all about).

Let's clarify for TJ what we mean by "volume charts" here:

2000 volume chart:

each bar is completed when the number of contracts/shares reaches
2000. After that the next bar starts and 2000 count starts again.

So "volume charts" are just like "tick charts" but based on volume
(number of contracts/shares) instead of on ticks.

Lesmond


--- In amibroker@xxxxxxxxxxxxxxx, Al Venosa` <avcinci@xxxx> wrote:
> Hi, Steve,
>
> I'm not familiar with volume charting. Why is it not amenable to
stock
> traders? For example, why couldn't you create bars representing,
say, IBM's
> OHLC of 10,000 shares or whatever? Just curious.
>
> Al Venosa
>
> On 6/25/05, scourt2000 <stevehite@xxxx> wrote:
> >
> >
> > Joe,
> >
> > eSignal/TradeStation/Sierra Chart/Ensign all have volume charting
> > capability. Tomasz said they he would try to get this in the next
> > few beta releases coming up. Here's my repost from the amibroker-
> > beta group describing it. What Amibroker also needs is way to
> > backtest large amounts of tick/volume bars:
> >
> > [note to traders who have never heard of volume price bars: no,
it's
> > not equivolume charting]
> >
> > 1. Support for price bars that represent a fixed volume size. For
> > those not familiar with this feature which is supported in
eSignal,
> > an ER 250v would represent the Russell 2K e-mini futures contract
> > where each price bar represents the open/high/low/close of 250
> > contracts.
> >
> > 2. Support for backtesting of large amounts of tick/volume bar
data.
> > This would require a plugin that could read a data source (like an
> > eSignal tick formatted file) and compress tick/volume interval
bars
> > on the fly. With this, I could scan years worth of tick/volume
> > interval bar data without memory overload problems.
> >
> > Volume charting is used mainly by futures traders, not stock
> > traders. Unlike tick charts, volume charts can be reproducible
bar-
> > for-bar in backtests and they tend to be smoother. If you've ever
> > traded futures off of volume bars, you'll probably never go back
> > looking at minute charts for the trading chart you take actual
> > entry/exit signals off of.
> >
> > Steve
> >
> >
> >
> >
> > Please note that this group is for discussion between users only.
> >
> > To get support from AmiBroker please send an e-mail directly to
> > SUPPORT {at} amibroker.com <http://amibroker.com>
> >
> > For other support material please check also:
> > http://www.amibroker.com/support.html
> >
> >
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
> >
> >
> >




Please note that this group is for discussion between users only.

To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com

For other support material please check also:
http://www.amibroker.com/support.html





Please note that this group is for discussion between users only.

To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com

For other support material please check also:
http://www.amibroker.com/support.html

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