Tick Volume
Hi there,
What is the Tick Volume of each bar on the chart ? Does that mean
- Trades volume (in $) per bar
-Trades volume (in number of transaction) per bar
- or anything else ?
Is it a broker specific parameter?
Would appreciate any hint.
Thanks
It counts the tick of each bar. Yes its broker based
What is the tick of each bar then ?
It is not equal to the number of times the OnTick function is called. I just tested.
So Could you explain your answer more. thanks
Volume, in the context you are asking, is also known as Ticks. One Tick is a change in either Bid or Ask price. For example, if a 1 hour candle/bar has a volume of 6000, there has been a change of Bid or Ask price 6000 times within that period.
Great,
So the Tick volume is the number of times Bid or Ask prices have been changed within a candle, while OnTick function is called only when the Last price has been changed in the candle!
Thats' why the two numbers are different ?!
it makes sense, thank you
Hi buddies, how do I use this tick volume in my trade? Anybody can help please?
- Tick Volume - forum thread
- Price Volume, Real/Tick Volume Strategies - forum thread
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Hi there,
What is the Tick Volume of each bar on the chart ? Does that mean
- Trades volume (in $) per bar
-Trades volume (in number of transaction) per bar
- or anything else ?
Is it a broker specific parameter?
Would appreciate any hint.
Thanks