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Title: Fixed Volume Candle Chart Post by: timz on December 06, 2014, 08:33:13 PM Hi,
Analyzing bitcoin candle chart you may see, that sometimes the price fluctuates with a very small volumes. Finally these fluctuations doesn't affect to trend, but spoil the chart. I have the idea. What if we draw candle chart depended of volume, not time? Every candle corresponds to the fixed trade volume. I've made first preview https://zerobit.co/charts/chart.html?vol=5000 (you may select volume). What do you think? Is it a promising idea? Title: Re: Fixed Volume Candle Chart Post by: timz on December 16, 2014, 02:34:56 PM Improvements:
- Log scale - Scrolling - Live Update - Candle info Every candle corresponds to current fixed volume. So the chart is really unbroken, smoothes the weekend's low value trades etc. https://zerobit.co/charts/ Title: Re: Fixed Volume Candle Chart Post by: oda.krell on December 16, 2014, 02:57:24 PM Interesting idea. One question: the higher the "fixed" volume, the less it actually seems to be fixed. For example, on the 100k chart, the first candles are ~30k volume, and only the last few candles get close to 100k. Or maybe I'm missing something?
Title: Re: Fixed Volume Candle Chart Post by: timz on December 16, 2014, 03:00:57 PM Interesting idea. One question: the higher the "fixed" volume, the less it actually seems to be fixed. For example, on the 100k chart, the first candles are ~30k volume, and only the last few candles get close to 100k. Or maybe I'm missing something? Yes, I implemented special reducing factor. Because two years ago volumes were smaller.Title: Re: Fixed Volume Candle Chart Post by: elinehaarbollen on December 16, 2014, 03:01:20 PM bullish
Title: Re: Fixed Volume Candle Chart Post by: RyNinDaCleM on December 16, 2014, 04:18:53 PM Normal volume bars don't spoil the chart. It allows you to see the trend because volume rises with trending moves. It also allows you to see volume divergence to find tops and bottoms. Try that with a fixed volume chart ;)
A better chart may be delta volume or individual +/- volume where the volume bars are independent from the candle close color Title: Re: Fixed Volume Candle Chart Post by: CoolStoryBro on December 16, 2014, 06:40:32 PM why the right axis is empty?
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