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Strategies & Market Trends : today's chart
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To: Samuel Atere-Roberts who wrote (638)9/21/1997 11:47:00 PM
From: Bill Sandusky   of 1267
 
Volume Bars is a means of displaying real-time stock price data as volume bars. Each bar represents a user-specified minimum number of shares traded. When the chart heading indicates 100 Vol Bars, TradeStation first multiplies that number by 100 and then builds a single bar for each 10,000 shares traded. The volume bar shows the open, high, low and close price for those 10,000 shares. Just remember to add two zeros to the Vol Bars number to get minimun number of shares for each bar.

Volume bars have nothing to do with time. They are simply based on specified minimum number of shares traded. Green bars simply indicate that the close was greater that the open while white bars indicate the close was less that the open.

Bill
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