Please see attached Chart Window capture.
Note there is an increased density of bars corresponding to the purple-shaded area on the chart, and it appears each bar has a different colour strength (as far as I can perceive this is not simply an effect of greater density of bars, if you compare one bar in the purple-shaded section with a neighbour in the gold-shaded they have different 'density'/strength, but there is no Opacity Setting in VOL).
Composition of the Chart:
1 Data Series with Custom (modified CME US Equity stock platform) template Full ETH split into 2 Sessions - Overnight, Day plus Closed period 16:15 - 16:30 EST
1 Data Series as Full but Overnight Session only
1 Data Series as Full but Day Session only
1 Data Series stock Nymex Energy RTH (pit Session)
VOL Indicator is attached to Full Data Series
The shading is achieved using Ninjatrader's Repeater add-on which shows the Overnight (purple), Pit open (gold), Day (light yellow/green) and final half hour (dark green). Repeater is time-based not Data Series hence un-connected.
No 3rd party indicators/add-ons, only stock indicators and irrelevant add-on (Ninja Rollover add-on)
The question is why?
I've investigated everything I can possibly think of regarding settings to no avail. I'm wondering if it is something glaringly simple I am misunderstanding but it is counter-intuitive that there should be more bars and cumulatively more volume during the overnight session (clearly there isn't, but visually gives the appearance).
Any ideas?
For testing/investigation, I separated the 4 Data Series into separate Panels, and attached at VOL indicator to EACH series. The 'Full' displays as per the attached Capture, the other 3 all have more dense volume histogram once the Pit Session has ENDED until the Pit Session begins.
The FDAX and GC Tick charts do the same thing - i.e. the histogram becomes 'brighter' with more bars AFTER the end of the EUREX Session, and GC AFTER the end of the NYMEX Energy/Metals RTH2 trading hours template End at 13:30 (EST). Clearly there is more, not less, volume during the overlap between the Eurex and NY Sessions on the FDAX, and more, not less, volume during the Nymex pit Session than after it ends.
Live Data Provider is CQG/AMP.
Anything to do with where the data is coming from - live Day Session from CQG, otherwise from Ninja servers?
This doesn't seem to occur, or at least not be apparent, on minute=based charts/VOL.
I can send screen captures of 4 separate panels, other instruments etc if required if you give me a ticket number, - but everything is 'stock' or modified from stock such as Trading Hours templates, and it is repeated in different charts/different instruments
Kind regards,
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