Nov 23, 2011

Volume by Price Charts using R

R-Bloggers is a wonderful site which offers some great ideas for analysis.

While I have been busy of late, hence could not do much with R, I was inspired by this post by Eric Nguyen on Volume by Price chart. 

This chart can be used with a great effect in ones trading strategies. It helps in identifying the support and resistance zones, and a breakout from these levels used as entry/exit points

Extending the work done by Eric, and making few changes in his original code, here is what I have achieved.

Reliance EOD Volume by Price chart