an indicator discussion..., page-20

Hi petafemto,

Volume charts, not an indicator.

Normal charts have price on the "y" axis (vertical)
and use variable time (5min,60min, 1 day etc) for the "x" axis (horizontal).
Volume chart substitutes a variable volume (100,1000. 10,000)as the "x" axis.
This means on a volume chart a new bar/candle is created once the selected number of shares/contracts has transacted whereas a time chart creates a new bar/candle by the timeframe selected.

Cheers, S