Creative Things You Can Do With Multiple Windows
It is good to keep a long-term outlook and at the same time, zoom in on the details.
My top chart shows a little over a week in 30m candles. All of that is condensed in only two columns on Point & Figure chart.
Then, when it comes to forex, it is important to compare volume (proxy-volume to be exact) only with relevant sessions today, or in the previous days.
This avoids mistakes such as interpreting London or NY open as a high volume bar, although relatively speaking, it is normal that the volume increases particularly on the first candle after opening.
Of course, a high-volume bar is still a high-volume bar. But then again, it is also important to put it in the context of what volumes we can regularly see at that time...
My top chart shows a little over a week in 30m candles. All of that is condensed in only two columns on Point & Figure chart.
Then, when it comes to forex, it is important to compare volume (proxy-volume to be exact) only with relevant sessions today, or in the previous days.
This avoids mistakes such as interpreting London or NY open as a high volume bar, although relatively speaking, it is normal that the volume increases particularly on the first candle after opening.
Of course, a high-volume bar is still a high-volume bar. But then again, it is also important to put it in the context of what volumes we can regularly see at that time...
Note
One more note: if you double click the chart or the indicator, it will maximize it in that particular window. So in the volume window, you can hide symbol price completely.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.