VOLUME CONFUSION
The volume indicator shows how many ticks are received in each bar. If you watch it you will see the total increment as each tick comes in. It is different between brokers because some pass on every tick and others filter them to bias things in their favour.
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I have problem understanding the concept volume,there are like three definition i 've seen so far .I don't understand if volume represnt any of these definition:1 amount of ticks in a given time period (2)amount of contract transaction in given time period
3)amount of lot in a given transaction, And also how any of these apply to the technical indicator:Volume.I will appreciate a detail explanation thanks.