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What is volume chart?


#1

Being new to the Sierra Chart program, I was wondering if someone could tell me what a volume chart is and how it can be an asset to me as I’m analyzing and trading? Thank you for your time.


#2

Volume chart as in “Bar Period” or “Graph Type”?
A picture will make things clearer.


#3

I’d be happy to answer that for you. The Sierra Chart volume profile is a great tool when doing your analysis. It basically shows the volume at every price level. It will appear as if it is two charts overlapped. The volumes are color-coordinated to show bid volume and ask volume as well to make it easier to read.The data comes directly from the Rithmic feed so it’s current as it updates in real time. I hope I was able to answer your questions. Feel free to ask more as you further explore the program.


#4

Are you interested in setting each price bar to consist of the price activity for a certain volume of trading?

Or are you interested as explained in the prior post with seeing the volume at each price level for the selected period of time?