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Trading: Oh what a tangled web I weave, When I want to take profits in trading
Frequency: Several times daily
Duration: Years
Posts: 1,746 since Nov 2014
Thanks Given: 3,446
Thanks Received: 3,024
Purple for down bar, Blue for Up bar. (I don't like the Red/Green colours due to their association to profits/losses and the associated emotions).
Grey colour is the border of the bar. If I see predominantly grey colour, I know that the volume in that bar/area is very low. Exception would be a thick doji bar in which case the tick chart will show my big buyers/sellers.
OK, Thanks. In NT, the equivolume bars are always red/green, which could be changed to purple/blue. For your chart, I thought there might be some kind of filter for the grey bars (e.g. if volume is less than xxx paint the bar grey). That's obviously not the case, it's just a matter of how nt displays candle volume bars vs the platform you are using.
Trading: Oh what a tangled web I weave, When I want to take profits in trading
Frequency: Several times daily
Duration: Years
Posts: 1,746 since Nov 2014
Thanks Given: 3,446
Thanks Received: 3,024
Actually, there IS a filter in my 1000 tick chart.
If the volume is less than 3000, then I want them to be just 1 pixel, which means it's grey. In this case, the average volume per trade is less than 3. I call that amateur or retail play.
Anything more than 5000, it will be painted as maximum of 10 pixel. To me, that's institutional play. Everything in between will be graded between 1-10 pixels.
Obviously it's not necessarily true of who is being active, but it helps me to understand market behavior better.
Please note that Overnight contracts are generally low average and the closing minutes of RTH is high average and I don't read too much into those periods of activity.
Trading: Oh what a tangled web I weave, When I want to take profits in trading
Frequency: Several times daily
Duration: Years
Posts: 1,746 since Nov 2014
Thanks Given: 3,446
Thanks Received: 3,024
This is only based on the bars visible in the range. Not comparing past days or corresponding minutes. However, I do use relative volume indicator, similar to the one you see in @Inletcap postings. That compares the current minute bar over the past n number of days same minute bars.