XJO 0.81% 7,971.6 s&p/asx 200

Hi petafemto,Volume charts, not an indicator.Normal charts have...

  1. 14 Posts.
    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
 
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