Candlevolume Candlevolume charts are a unique hybrid of Equivolume and candlestick charts. Candlevolume charts possess the shadows and body characteristics of candlestick charts , plus the volume width attribute of Equivolume charts. This combination gives you the unique ability to study candlestick patterns in combination with their volume related movements. The shape of each Equivolume box provides a picture of the supply and demand for the security during a specific trading period. Especially important are boxes which penetrate support or resistance levels, since volume confirms penetrations .
Power boxes provide excellent confirmation to a breakout.
A narrow box, due to light volume, puts the validity of a breakout in question. The following Equivolume chart shows Phillip Morris' prices. The following is a Candlevolume chart of the British Pound. You can see that this hybrid chart is similar to a candlestick chart , but the width of the bars vary based on volume. Contact Copyright 2000 Equis International.