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  • user warning: Table './mysmp_drupal/cache_filter' is marked as crashed and should be repaired query: UPDATE cache_filter SET data = '<h2>Equivolume Charts Definition</h2> <p><strong>Equivolume</strong> <strong>charts </strong>display the relationship between price and volume in a bar. The top of the bar is the high of the session and the bottom of the bar is the low of the session. Equivolume charts differ from other price bars in that the width of the bar is determined by the volume on the session. The larger the volume, the wider the bar. Equivolume <a title=\"chart patterns\" href=\"/technical-analysis/chart-patterns\">chart patterns</a> are discussed in great detail in Richard W. <a title=\"Arms\" rel=\"nofollow\" href=\"/technical-analysis/arms-index.html\">Arms</a>, Jr. book &quot;<em>Profits in Volume</em>&quot;.</p> <span class=\"inline inline-none\"><img src=\"http://www.mysmp.com/sites/default/files/images/equivolume-example.png\" alt=\"Equivolume Bar\" title=\"Equivolume Bar\" class=\"image image-_original \" width=\"349\" height=\"431\" /><span class=\"caption\" style=\"width: 347px;\"><strong>Equivolume Bar</strong></span></span> <h2>Trading with Equivolume Bars</h2> <p>Traders should look for wider and taller equivolume bars as price approaches key <a title=\"support and resistance\" rel=\"nofollow\" href=\"/technical-analysis/support-and-resistance.html\">support and resistance levels</a>. These large tower type bars imply that there is enough force to push the security through key levels.</p> <h2>Types of Equivolume Bars</h2> <p>There are a four main types of equivolume bars: (1) narrow, (2) square, (3) oversquare, and (4) power.</p> <h3>Narrow Equivolume Bar</h3> <p>A narrow equivolume bar implies that there is little volume supporting the move. Traders should treat <a rel=\"nofollow\" title=\"breakouts\" href=\"/day-trading/day-trading-breakouts.html\">breakouts</a> as suspect when they approach key levels with a narrow bar.</p> <span class=\"inline inline-none\"><img src=\"http://www.mysmp.com/sites/default/files/images/equivolume-narrow.png\" alt=\"Narrow Equivolume Bar\" title=\"Narrow Equivolume Bar\" class=\"image image-_original \" width=\"193\" height=\"343\" /><span class=\"caption\" style=\"width: 191px;\"><strong>Narrow Equivolume Bar</strong></span></span> <h3>Square Equivolume Bar</h3> <p>A square equivolume bar implies that there is decent volume on the session, but the security is having some difficulty continuing in the direction of the primary trend.</p> <p><span class=\"inline inline-none\"><img src=\"http://www.mysmp.com/sites/default/files/images/equivolume-square.png\" alt=\"Square Equivolume Bar\" title=\"Square Equivolume Bar\" class=\"image image-_original \" width=\"187\" height=\"229\" /><span class=\"caption\" style=\"width: 185px;\"><strong>Square Equivolume Bar</strong></span></span></p> <h3>Oversquare Equivolume Bar</h3> <p>The oversquare has a wide base and very little height. This implies that there is a tremendous battle between bulls and bears at a given price level.</p> <span class=\"inline inline-none\"><img src=\"http://www.mysmp.com/sites/default/files/images/equivolume-oversquare.png\" alt=\"Oversquare Equivolume Bar\" title=\"Oversquare Equivolume Bar\" class=\"image image-_original \" width=\"329\" height=\"197\" /><span class=\"caption\" style=\"width: 327px;\"><strong>Oversquare Equivolume Bar</strong></span></span> <h3>Power Equivolume Bar</h3> <p>The power bar is a tall wide bar. Traders will want to see a power bar at key breakout levels as confirmation that the move has legs.</p> <span class=\"inline inline-none\"><img src=\"http://www.mysmp.com/sites/default/files/images/equivolume-power.png\" alt=\"Power Equivolume Bar\" title=\"Power Equivolume Bar\" class=\"image image-_original \" width=\"248\" height=\"438\" /><span class=\"caption\" style=\"width: 246px;\"><strong>Power Equivolume Bar</strong></span></span> <p>&nbsp;</p><br /><div class=\"image-clear\"></div>', created = 1563215863, expire = 1563302263, headers = '', serialized = 0 WHERE cid = '1:ac64772200409b558363a78e4482ce48' in /var/www/html/mysmp/includes/cache.inc on line 109.
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Equivolume Definition & Chart Examples

Equivolume Charts Definition

Equivolume charts display the relationship between price and volume in a bar. The top of the bar is the high of the session and the bottom of the bar is the low of the session. Equivolume charts differ from other price bars in that the width of the bar is determined by the volume on the session. The larger the volume, the wider the bar. Equivolume chart patterns are discussed in great detail in Richard W. Arms, Jr. book "Profits in Volume".

Equivolume BarEquivolume Bar

Trading with Equivolume Bars

Traders should look for wider and taller equivolume bars as price approaches key support and resistance levels. These large tower type bars imply that there is enough force to push the security through key levels.

Types of Equivolume Bars

There are a four main types of equivolume bars: (1) narrow, (2) square, (3) oversquare, and (4) power.

Narrow Equivolume Bar

A narrow equivolume bar implies that there is little volume supporting the move. Traders should treat breakouts as suspect when they approach key levels with a narrow bar.

Narrow Equivolume BarNarrow Equivolume Bar

Square Equivolume Bar

A square equivolume bar implies that there is decent volume on the session, but the security is having some difficulty continuing in the direction of the primary trend.

Square Equivolume BarSquare Equivolume Bar

Oversquare Equivolume Bar

The oversquare has a wide base and very little height. This implies that there is a tremendous battle between bulls and bears at a given price level.

Oversquare Equivolume BarOversquare Equivolume Bar

Power Equivolume Bar

The power bar is a tall wide bar. Traders will want to see a power bar at key breakout levels as confirmation that the move has legs.

Power Equivolume BarPower Equivolume Bar

 


Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

Tradingsim.com
Day Trading Simulator

Tradingsim.com provides the ability to simulate day trading 24 hours a day from anywhere in the world. TradingSim provides tick by tick data for...

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