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On Balance Volume and Beyond

by Bill Brower on May 6, 2016 | Categories: Uncategorized |

On Balance Volume and Beyond

Tradestation has an unusual perception of volume. Unless you are new to trading you understand the concept of volume and how to measure it. If we are talking about stocks, volume is measured in shares. If it is futures, volume is measured in contracts. There is another measure that is available that is related to volume. It is the count of the number of trades. Unfortunately Tradestation chose to tag this statistic with the word “ticks”. There is another word very similar to this which measures the minimum distance a symbol can move on the exchange and it is called a “tick”. It is entirely different from the word “ticks”. If a trade takes place for one share or 100 shares Tradestation calls it a tick and the number of trades taken in the formation of a bar on the chart is the count of ticks. (more…)

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My First Post

by Bill Brower on January 13, 2016 | Categories: Uncategorized |

My First Post

After 23 years of providing TradeStation Easylanguage programming solutions to clients around the world, the time arrived for me to share my thoughts and ideas with other TS users. To that end I have this new website that allows me to post to a blog. Although I have a tutorial workbook for Easylanguage programming for sale, I will not cover that same material here. I will share Easylanguage tips and tricks and provide helpful commentary on the use of TS in ways that many have not considered. I believe that TS will only survive this competitive environment if we act as a community to support the product. I sincerely hope I can help through this blog. (more…)

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