Do you prefer to use Tick Charts (or some other non-time-based chart) for their information density, but miss having a functional volume indicator?

Are you tired of wasting valuable time switching to a minute-chart to check its volume for anomalous activity spikes when you get a trade-entry signal?

Then my PseudoVolume Indicator is here to help.

Tick charts and volumetric charts are in a different domain than time charts. Time charts have a constant bar duration, but variable volume within each bar, whereas tick charts have the same volume per bar, but with variable duration.

By dividing each bar's activity volume (which is constant for tick charts) by its duration (which is variable for tick charts), the number of transactions per minute can be known within each bar. It's a lot like switching from a time domain to a frequency domain when analyzing a packet of light.

An anomalous spike in volume caused by an institutional trader suddenly dumping/purchasing positions is definitely something you want to know about. But even for minute charts, this spike in volume is averaged out and watered down with other non-anomalous activity just to fill a bar's minute-long timeframe.

Not so with my PseudoVolume Indicator. Such an anomalous spike in activity can span several bars on a tick chart over a short period of time. With a sufficiently small tick setting (like 5000 ticks/bar or fewer) the PseudoVolume Indicator shows this volume spike with ease, without watering it down with non-anomalous data just to fill an arbitrary timeframe.

When you get an entry signal on your tick chart but suspect anomalous activity, switching over to the minute chart to evaluate volume wastes precious seconds.

With my PseudoVolume Indicator, you can have non-watered-down volume on your tick charts, which will help you make decisions faster.

Of course, how you trade based on volume is totally up to you. But wouldn't it be nice to have a volume indicator on those tick charts you've come to know and depend on?

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.

Information and products are offered here for information purposes only. Any decision to trade and how to trade is solely the choice and responsibility of each trader. By purchasing, you agree to indemnify Day-Trading Earl, Polyfathom, and NinjaTrader for any losses you incur.

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If for any reason you decide that my PseudoVolume indicator is not for you, then you're entitled to a full refund within fourteen days after purchase.

This indicator requires a Windows computer running NinjaTrader 8 installed.

Your Machine ID is required in order for us to properly license the use of the indicator on your computer. The Machine ID can be found in NinjaTrader's Help->About screen. All you need to do is to copy and paste it to the Machine ID field in the form below. If you don't have NinjaTrader, you can download it at the link below.

Download NinjaTrader HERE.