VolumeScope® and the Price Volume Patterns (PVP) RTX extension comprise the VolumeScope package. The extension is available as an ala carte add-on to the I/RT Core Platform. I/RT Professional Trader includes VolumeScope as well as all additional feature packages.
VolumeScope is a powerful new extension to Investor/RT featuring detailed analysis and display of market order flow. VolumeScope puts each bar in the chart under the microscope, revealing and displaying volume at price data with great flexibility. The VolumeScope indicator consists of three primary components: Background, Text and Candle. For each component, VolumeScope provides a variety of data and presentation options for customizing the display. Volume is separated into Ask-Traded Volume (Buying) and Bid-Traded Volume (Selling) at each price. The VolumeScope RTX extension builds upon this information with profiling, coloring and scaling options based upon relative volume, delta, imbalance and much more.
The VolumeScope RTX Extension works hand-in-hand with the PriceVolumePatterns RTX Extension within the chart to display a highly detailed view of the order flow within each bar, highlighting prices within each bar that manifest patterns of interest to the trader. The Price Statistics and Bar Statistics Indicator provide supplemental information about volume at price and volume per bar that complement the VolumeScope display. VolumeScope will also be of interest to profile traders who subscribe to the TPO Profile Package.
