A Cluster Volume chart consists of several bars. Each bar contains a vertical line from open to close and a set of clusters. Clusters represent trading activity for a particular price level. It accumulates volume of each side of the trade and draws rectangles on the chart. The width of each rectangle is relative to the Cluster Volume with the maximum volume traded on the chart. The more contracts traded at a Cluster price level, the thicker the Cluster will be. Regular candles are designed to just show only the open, high, low and close of each price bar. Our Cluster Volume bar also shows volume activity on each price level and inside each bar.
Our Cluster Volume chart allows you to see the volume reaction when price touches a pivot level and defends that level indicating a high probability of a price reversal.
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
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