Activity
Bars
TradeStation 2000i gives you
the most in-depth view of the markets ever offered in a
trading software. It's all due to a revolutionary new
breakthrough called ActivityBars, a new breed of bar that's
only available in TradeStation 2000i. And as you'll see, the
difference between studying conventional bar charts and
ActivityBars is comparable to using a magnifying glass or a
high powered microscope.
You see,
conventional bars let you see only a small fraction of
market activity--high, low, open and close. But ActivityBars
give you the power to zoom in and see the market activity
"inside the bar". Not just the high, low, open and close,
however all the activity in between, too.
For instance, you'll be able to see where the greatest
trading volume occurs during the day. Was it near
the high or low? The answer to this question can give you a
much better picture of whether the closing trade was broadly
supported or an isolated fluke.
And you'll be able to glance at your screen and see where
the bid and ask prices are at each point on the bar--in
real-time!
So you'll be able to create and test new strategies
based on the revealing patterns of activity you'll discover
by analysing the ratio of buyers vs. sellers.
And this is only
a sample of the analysis possibilities you'll have with
ActivityBars. You see, like all analysis techniques in
TradeStation 2000i, ActivityBars are fully customisable
using the power of EasyLanguage. And there's more. You see,
you'll also be able to use these new insights into the
market to write and test a whole new world of trading
strategies. Just imagine all the trading strategies you can
now conceive simply by looking at a bar chart on your
screen!
TradeStation 2000i puts the incredible power of ActivityBars
at your fingertips to view the markets in a way that has
never been visible before. So you'll have the advantage to
create, define and explore trading strategies like never
before!
TradeStation
2000i includes these revealing built-in ActivityBar studies,
plus the ability to create your own with the power and
flexibility of EasyLanguage:
Buyers vs Sellers
This ActivityBar study shows you the dominant force in the
market-the proportion of buyers (bid) vs sellers (ask)
within each bar. In this chart of 5 minute ActivityBars, for
example, whenever the sellers dominated the market (as seen
by the increase of red cells on the left side of the bar),
the market dropped on the next bar.
Candlestick Vol Accumulation
This ActivityBar looks very much like a candlestick chart,
with the additional feature of showing the width of the body
of the bar increasing as volume increases. Each time the
volume meets or exceeds a specified amount, additional cells
are added to the right of the bar. A coloured line shows you
if the close was above the open (hollow), or below the open
(filled).
Volume Distribution
This ActivityBar shows the distribution of price volume
throughout the ActivityBar and the order of that activity
throughout the bar. Each time the volume is greater than a
specified amount, a range of cells is added to the right of
the bar. In addition, each cell can be customised to show a
different letter or number to signify different time
intervals within the bar.
Price Distribution
This ActivityBar shows you where the price action occurred in
each bar to help you determine the strength of the prices of
the final bar. A highlighted zone shows you the number of
standard deviations above/below the row with the highest
number of cells (most price action) per bar.
Up vs Down Strength
This ActivityBar shows you the strength of the Up closes and
the Down closes per each specified range of ActivityData.
When the volume exceeds a level you set, and the close is
less than the previous close, cells are added to the left.
When the close is greater than the previous close, cells are
added to the right.
Volume at Price
This ActivityBar is similar to the Volume Distribution
ActivityBar, except that it shows you the strength of the
volume, instead of the actual distribution. Additional cells
are added when the level of volume exceeds a specified
amount. As the volume is exceeded further, more cells are
added. You also have the ability to break up the bar into
specified time intervals by customising the cell colours.
Only TradeStation 2000i offers you the power of ActivityBars.
So while other traders are limited to conventional bar charts
and high, low, open, close data, you'll be able to view and
analyse every single tick. And that's simply one more way in
which TradeStation 2000i gives you more power to find
winning trading strategies.
Real
Traders Real Methods
