Another version of this post appeared on wijmo.com a few months ago, when we released Wijmo FinancialChart. FinancialChart for MVC releases next week, and it's every bit as powerful as Wijmo's. Here's part two in our Financials Charts Explained series, all of which will be available in ComponentOne Studio FinancialChart for MVC (due for release November 11). Our previous blog covered Heikin-Ashi and Renko; in this one we'll be covering EquiVolume and Column Volume Charts.
EquiVolume charts are similar to candlestick charts, but the candlesticks are replaced with rectangular boxes of varying width (with no wicks). Rather than open/close components, an EquiVolume box includes high and low price components, and adds a third dimension in the width of the box: volume, which in the example below represents total shares traded in a day. Color represents whether the close number is higher or lower than the previous box's close. In the example below, you can see where price trended up, where it fell, and how many shares were traded. ComponentOne Studio FinancialChart for MVC EquiVolume Chart Read more about EquiVolume charts at StockCharts.com, a terrific resource for financial analysts and developers.
Column Volumes are often used as a secondary supporting chart for EquiVolume and others. Like EquiVolume, volume is expressed in the width of the column; unlike EquiVolume, it's more bar chart than candlestick. In the example below, the width of the column (i.e., shares traded in a day) makes it easy to see that more shares were traded in February than January, an analysis that aligns with the data we saw in the EquiVolume chart above. ComponentOne Studio FinancialChart for MVC ColumnVolume Chart FinancialChart will be available with the ship of 2015 v3, due out the week of November 11. If you're already an account member, you'll see the announcement soon. If not, create an account today to keep apprised of our 2015 releases! See more FinancialChart news >> See more 2015 v3 news >>