USE CODE YONKOMSC24 -10% OFF YOUR ORDER
USE CODE YONKOMSC24 -10% OFF YOUR ORDER
The Yonko Volumetric Bar type is formed by aggregating a certain amount of volume instead of using a fixed time interval or combining the interval with time if so desired. For example, our volumetric bar might be created after 1,000 contracts have been traded, regardless of how long it takes to reach that volume; or they can be utilized with time and print a new bar based on the bar period parameter. These versatile bars show their strength in choppy, ranging, and trending markets and can allow the trader to more clearly identify the beginning of a trend or trend reversal, or know when to hold/close a trade. This bar type provides the user with in-depth customization options regarding orderflow data visualization so it is recommended that the user have orderflow data available to fully benefit from their use. They are great for backtesting due to the statiscal advantage volume bars provide over time based bars.
Key Features:
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Volume Imbalance: Can give a clearer picture of volume activity at different price levels. For example, a high-volume bar at a certain price level can indicate strong interest at that level, while low-volume bars may indicate weaker participation.
Volume Profiling: The user can use volumetric bars to analyze where the highest volumes are occurring at certain price levels. This can help identify areas of support and resistance, as price tends to react strongly at levels with high volume.
Trend Confirmation: A rising trend with increasing volume can confirm the strength of the trend, while a trend with declining volume may indicate a potential reversal or weakening momentum.
Volume Clusters: By examining where the majority of trades occur (i.e., in certain price ranges), traders can identify volume clusters, which are price levels with significant volume accumulation. These levels can act as key support or resistance zones and are more likely to hold as they are supported by volume.
More Precise Insight: Unlike time-based charts, Yonko Volumetric Bars focus on volume, providing a clearer picture of market activity and helping traders spot trends or reversals based on real market engagement.
Market Liquidity: Volumetric bars give insight into the strength of liquidity and market depth, helping traders gauge how easily they can enter or exit trades at specific price levels.
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