Information about the VolumetricBars™
Volumetric™ Bars are an important concept if you trade Stocks and Shares.
To change the bar type to Volumetric™ Bars, click on the Fibonacci Trader name on the chart or click on the options button.
LOOK CAREFULLY AT THE BARS.
They do not look like regular bars, more like "Boxes", WHY?
With this concept you can see the bar's price range as well as the volume plotted in one bar. The height of each bar represents price but the width of the bar represents volume using 1 of 3 different volumetric methods the trader selects.
Volume is calculated using the 'Lowest Volume' during the last 'n' number of bars.
Volume is calculated using the 'Average Volume' of the last 'n' number of bars.
Volume is calculated using a 'Fixed Volume' value, as defined by the user. For example, if you select 1,000,000 as your 'base value' and the day you are analyzing has a volume of 2,000,000 then the bar will be twice as wide as the 'base value' bar. Obviously the wider the bar in relation to previous bars, the more important your signal can be.
On the Fibonacci Trader version 4 you can have the same volumetric bars in candle stick format.