What is Equivolume?

What is the EquiVolume Stock Chart And Is It Useful in Market Analysis? Where Can You Find Good Equivolume Stock Charting Software?

EquiVolume Charts attempt to provide the solution of Volume at Price differently.  Instead of plotting volume in separate bars, it is incorporated into the price bars themselves.

The wider the price bar, the more shares were traded during that period.

An Equivolume Stock Chart
An Equivolume Stock Chart

EquiVolume Charts attempt to provide the solution of Volume at Price differently.  Instead of plotting volume in separate bars, it is incorporated into the price bars themselves.

The wider the price bar, the more shares were traded during that period.

EquiVolume Charting Software

Very few software services support Equivolume.

  • TradingView Supports Equivolume with a Pine Script Called [RS Volume Bars].

Pros & Cons of EquiVolume

Equivolume is visually impressive and extremely easy to interpret.

But the key problem with Equivolume is that it can distort the timeline 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, such as OHLC Bars, Japanese Candlestick Charts, or Line Charts.

Further Reading: The 8 Most Important Stock Chart Types

8 Important Types of Stock Charts Guide: Usage & Examples

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