Volume Bubbles displays on chart the traded volume in form of bubbles (dots) of different size depending on the amount of volume represented. This volume view mode allows you to easily and quickly identify price levels where the largest trades took place and whether sellers or buyers predominated
The purpose of volume analysis is to understand market movements in advance by highlighting possible support or resistance levels or, more generally, possible market pivot points.
Volume Bubbles is part of a set of indicators for volume analysis essential to understand market movements in advance. This set also includes Volume Profile, TPO-Profile (market profile®), Volume Ladder (footprint®) Market Depth Map (heatmap), Volume Delta, VWAP, Volume-Meter, Volume on Bid/Ask, Session Statistics and others.
Most of these indicators show the volume traded across the various price levels, highlighting buyers and sellers.
You can access calculation properties from Properties Tab of the indicator configuration window.
Calculation Method: specifies how the volume of every single tick is assigned to Bid or Ask:
Accumulate Volume: to form each individual bubble, volume is aggregated using one of the following methods:
Time Range: specifies the number of trading sessions/days on which to calculate the indicator. 1-tick resolution data is used to calculate the indicator. For this reason we recommend you not to overdo the time range. Data loading and calculation times progressively increase with the time range. However, there is no recommended time range to use. It depends on many factors and in particular on your PC performance, your Internet line and your data feed. Set this property correctly according to your needs and the performance of your PC/data-feed. If you notice very long loading times, decrease the time range.
You can access style properties from Style Tab of the indicator configuration window.
WARNING: In addition to the properties listed here, there are many other properties that are minor or do not need further explanation.
You can define the maximum size (in pixels) of bubble, its transparency, and bid/ask color.
Drawing Type: two coloring modes: