I dont really understand these volumes. They don't represent the truth. It seems to me that how the volume is calculated, they know the volume per period (minute, hr, day, wk etc) and then depending on that period close they will show you either a buy or a sell. For instance, if you open the hourly chart, its full of red sticks on the volume, but the monthly/weekly there are some greens. Which don't really tell the true story
mnovo
⋅
@nometalgear, i have often tried to decode that as well.
nometalgear
⋅
@mnovo, And? It doesn't seem to be accurate as it keep changing based on what view one chooses. So I think what they're really doing is that they have the trading volume per minute, and depends on the granularity and the closing price compared to the open price for that specific period (1 minute, 1 hr etc) they will then decide to make it either a green or a red bar.
mnovo
⋅
@nometalgear, are you referring to the colour of my candles or the actual candles you see on your charts? Just making sure you know mine are momentum-based with the actual colour on the outside
nometalgear
⋅
@mnovo, IDK about yours. I just use the regular volume chart which is what I'm talking about. I think even yours, if you change the time granularity, you'll get totally different results I think.