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 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
