VolumeScope™ Introduction

VolumeScope™ allows the user to view each bar under a microscope and closely inspect the volume at price data with great flexibility. The VolumeScope™ has three primary components: Background, Text, and Candle, each optional and each with a variety of data and presentation options. Volume is broken down into Ask Volume (Buying) and Bid Volume (Selling) at each price and the VolumeScope™ builds upon this information with profiling, coloring, and scaling options based upon relative volume, delta, imbalance, and much more. The indicator makes optimal use of the horizontal and vertical space available for each bar, overlaying text upon a visual profile aside a narrow candle to present a complete picture of the price and volume activity. Users may overlay the Scope over each bar, or detach the Scope from the bars and display them in the right margin allowing for both vertical and horizontal zooming and scaling while still seeing the details within each of the most recent bars. Each bar may be titled with cumulative information for that bar such as volume, delta and time.