What is Equivolume?By
EquiVolume Stock Charts
EquiVolume attempts to provide the solution of Volume at Price in a different way. Instead of plotting volume in separate bars it is in fact incorporated into the price bars themselves. The wider the price bar, the more shares were traded during that period. It is an interesting concept that allows your to visualize volume and price in a very unique way.
Visually impressive and extremely easy to interpret.
This type of chart can distort the time line running across the bottom of the chart. This makes drawing accurate trend lines more challenging. Only a few stock charting service providers offer EquiVolume. The beginner should stick to the more mainstream chart formats, OHLC for example.