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
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B |
Open | High | Low | Value | Volume |
$6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 26354 | $6.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.15 | 3758 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10596 | 6.100 |
2 | 329 | 6.090 |
3 | 1300 | 6.080 |
6 | 28264 | 6.070 |
2 | 166 | 6.060 |
Price($) | Vol. | No. |
---|---|---|
6.210 | 710 | 1 |
6.230 | 5000 | 1 |
6.280 | 4100 | 1 |
6.290 | 158 | 1 |
6.300 | 5200 | 1 |
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