Volume Average percent:
In capital markets, volume, or trading volume, is the amount
(total number) of a security (or a given set of securities, or an entire
market) that was traded during a given period of time. In the context
of a single stock trading on a stock exchange, the volume is commonly
reported as the number of shares that changed hands during a given day.
The transactions are measured on stocks, bonds, options contracts,
futures contracts and commodities. The average volume of a security over
a longer period of time is the total amount traded in that period,
divided by the length of the period. Therefore, the unit of measurement
for average volume is shares per unit of time, typically per trading
Trading volume is usually higher when the price of a security is
changing. News about a company's financial status, products, or plans,
whether positive or negative, will usually result in a temporary
increase in the trade volume of its stock. Shifts in trade volume can
make observed price movements more significant. Higher volume for a
stock is an indicator of higher liquidity in the market. For
institutional investors who wish to sell a large number of shares of a
certain stock, lower liquidity will force them to sell the stock slowly
over a longer period of time, to avoid losses due to slippage.
This version is a sort of normalized version - since it shows Volume as a percent compared to the Average Volume over a chosen period.
With MetaTrader 5 now you can chose if the volume used is going to be
tick volumes or real volumes. Percentage breakouts compared to average
volume are marked with different colors.
Author: Mladen Rakic