actio-et-reactio
Balance is but a brief transition between extremes.
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Thursday, October 05, 2006
Equivolume, an article
I've recently written an article on Ensign Software's implementation of Equivolume, which Howard Arrington has published in the
September 2006 Trading Tips Newsletter. It is also cataloged on my
amg's Trading Articles page.
Since EW's equivolume roll-out, I've converted all my charts to this format and have had some opportunities to observe their use in real time intraday trading. One user setting suggested by a friend was to increase the "Candle Minimum Spacing", which especially enhances "fat boy candle" visualization. You can also experiment with the "Bar Spacing in pixels" setting to reduce the overlap as needed. (see first image below)
A comment on the example. As I mention in the article, equivolume on volume-bar charts is counterintuitive, ie, often a thin-bar ("twiggy") represents what a wide-bar ("fat boy") does on time, tick, or range charts. Because I use various minute based charts, I thought to experiment with a 30-second (half-minute) chart so that I wouldn't have to "re-adapt" when scanning my workspace charts. Perhaps my timing was good, but the 30s chart did make for some interesting "scalping" setups today and so I thought to show them as examples.
[click to open a larger image]
Labels: ensign, trading-method, volume
At last, over the rim
of the waiting earth
the moon lifted with
slow majesty
till it swung clear of the horizon and rode off,
free of moorings
- Kenneth Grahame,
The Wind in the Willows
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