easy · Order Flow Analysis order-book-dom

When comparing different chart types, what is a unique advantage of using a 'Volume-Based Chart' for order flow analysis?

1. Every bar contains roughly the same amount of volume, making delta comparisons more consistent.
2. It ensures that each bar closes after a fixed number of minutes, such as five or fifteen.
3. It eliminates the need to look at bid or ask volume entirely.
4. It automatically identifies and highlights institutional iceberg orders.

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