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Hello,
What you say is not correct.
Actually Equivolume charts have also TIME in X-axis
but the WIDTH of bar changes proportionally with volume.
But x axis is still TIME axis.
The user does not select anything in equivolume
charts.
Best
regards,
Tomasz Janeczko
amibroker.com
----- Original Message -----
Sent: Saturday, June 25, 2005 3:52
PM
Subject: Re: [amibroker] Re: So Long
Amibroker, [No Volume Charts]
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 -----
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
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
YAHOO! GROUPS LINKS
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