TOS Ultimate Volume Bars

[@reazulalam7559]

Thank you so much.

[@robertdreyfus5436]

Hi Pegleg, it's not about 'selling volume' and 'buying volume' because in every single trade there is one buyer and one seller! The red volume indicates a trade in which the price of the trade was lower than the trade before , and the green volume indicates a trade in which the price was higher than the trade before. The software probably divides the trades that were the same price as the trade before equally between the two. So think instead of 'up volume' and 'down volume'. So, for example, if you see a volume bar with a massive amount of red and yet a green price candle, perhaps you should be thinking at that moment that the market makers might be manipulating the price for some reason. Follow the market makers, or to put it another way, catch a free ride on the tail of the whales.

[@peglegtrading6677]

Thanks Robert, so in that case, the bars are a representation of the Time&Sales?

[@robertdreyfus5436]

@@peglegtrading6677 Hi Peg, not really, the volume bar doesn't show HOW the price moved up and down in the candle period . I'll be really straight with you, if you want to see volume in action, you need to get tick data for the stock, and print a new bar every 100 transactions or 10,000 shares sold, so basically instead of a 'time' x-axis you need to have an 'event' x-axis. The problem is that too many people would make money from stocks if they had tick data pumping through on the x-axis, so the trading platform companies mostly offer only time candles. You can get tick data more easily for currency and futures markets. Trust me, when you see event bars shooting across the screen at the open, and slowing down to nearly nothing during quiet periods, you really get to understand what is happening with your stock and can make far better trading decisions .