Hi newsboy, the software that produced those charts is homegrown :) However, many commercial packages display the cumulative volume histograms - I also use Interactive Brokers' Trader Workstation which has this feature. However, it doesn't display beyond two weeks volume. However, I sometimes go beyond that with my own software depending on what recent volume I deem relevant. e.g. on Friday, pretty much all the volume that was laid down since we were last below 90c is relevant i.e. trapped punters above wanting out :), which is why I chose to display 13 days.
The way I like to use the cumulative volume is to determine intraday turning points and I think it works best in situations such as this morning where loads of volume goes through at a particular price (over 10 million shares went through at $1 today), then the share price moves a significant distance away from the high volume zone, so you end up with loads of regretful buyers or sellers in the high volume zone which will cause a bounce when this zone is revisited. You can pretty much guarantee the price will bounce at $1 if it gets back there today.
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Hi newsboy, the software that produced those charts is homegrown...
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Last
$7.75 |
Change
0.030(0.39%) |
Mkt cap ! $7.244B |
Open | High | Low | Value | Volume |
$7.71 | $7.81 | $7.63 | $12.03M | 1.561M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6556 | $7.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.77 | 3385 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 7.640 |
3 | 20260 | 7.600 |
1 | 3000 | 7.550 |
2 | 2833 | 7.500 |
1 | 2000 | 7.430 |
Price($) | Vol. | No. |
---|---|---|
7.840 | 293 | 1 |
7.850 | 6064 | 3 |
7.870 | 2000 | 1 |
7.890 | 8800 | 2 |
7.900 | 24269 | 7 |
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