Tuesday, March 3, 2009
The Volume Map Chart
New the the TradeMaven Inside Edge charting pakage is the Volume Map Chart.
Like the F3 and F4, the Volume Map is color coded to show the Mean price and value area low and value area high. The Chart can be programmed for time periods (default is 3 minutes), tick charts, and reversal bars.
The volume distribution for the current trading session is placed on the left hand side of the chart along with the total amount of trades by price. Like other TIE "F Series" charts, Yellow represents the value area. Green is the mean of the volume and magenta is the actual high volume number of the period, when different from the mean.
Additionally, the Volume Map Chart incorporates an continuously updating value range lines. The range markers provide projected support and resistance indications based on the activity in the current trading session.
The Volume Map comes complete with the Rotational High and Low Markers (Up and Down Black Arrows), the retest markers (Green Dots) and Deceleration indicators (Squares) and "Deep Deceleration Indicators (Diamonds).
The Volume Map provides TIE users with accurate, real-time raw volume data to keep them on the right side of the market.
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