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Q: Do you provide for volume-interval charts? When using a volume-interval based bar format, does Ensign programming cap the number of volume (shares/trades/lots) on a user-defined increment? In other words, if I create a chart using 100 volume increment, let's say the current bar "A" has 80 trades already. Then another tick comes in that has 35 trades. Then Ensign should draw 20 trades in the current bar A (completing bar A) and then create a new bar B with 15 trades. Does Ensign do this? This is very important. I wanted to make sure. Some charting software does not chart it correctly.
A: We have a check box option so that volume bars can be built like you describe where the 15 excess starts a new bar or the 15 excess can be kept with the 35 to finish the bar with 80, and thus end up with 115 as the bar "A" volume. This latter method seems to be the way the eSignal charting program builds volume bars. They let the volume exceed the trigger level. Ensign can do it either way and most Ensign users prefer to have a constant 100 volume for bar "A" and roll the excess tick volume into the new bar "B". 
Last modified 8/7/08 2:44 PM |
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