![]() ![]() And trends peter out when the buying volume backs off, even as higher prices are printed. Breakouts into trend typically start with a large volume of aggressive volume. “Down Volume” is volume traded at the Bid price and can similarly be considered to be aggressive selling.īy keeping track of this “real” buying and selling volume you can keep track of the strength of a trend. “Up Volume” is volume traded at the Ask price and can therefore be considered aggressive buying. In addition, on a 1440 minute chart TradeStation splits the day’s volume into “Up Volume” and “Down Volume”. Sometimes the exchange makes some adjustments to the figure but it’s usually pretty close. But if you use a 1440 minute intra-day chart (1440 minutes = 24 hours) then you’ll get the running total volume traded and know what the daily volume was before it’s released by the exchange. End of day volume data is delayed – the exchanges don’t release it until well after the close. ![]() Particularly useful for getting volume data quicker. Why use 1440 minute intra-day charts instead of daily charts ![]()
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