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How to calculate AVERAGE VOLUME PER PRICE LEVEL ??
Jun 02, 2014 at 08:58
768 zobrazení
3 Replies
Členem od May 02, 2012
15 příspěvků
Jun 02, 2014 at 08:58
Need help to calculate AVERAGE VOLUME PER PRICE LEVEL
Hello everyone,
I'm wondering if there's anyone out there who could advise on how to calculate average volume per price level in that particular candlestick bar.
UPBAR
Eg. High 1.00010
Close 1.00008
Open 1.00005
Low 1.00000
Let's say that the total volume is 100. What's the formula for me to get the average volume for the (a). H to C range, (b). O to C, (c). O to L assuming the 100 volume is evenly distributed from the H to L.
Anyone care to share some thoughts ??
Thanks and best regards.
Hello everyone,
I'm wondering if there's anyone out there who could advise on how to calculate average volume per price level in that particular candlestick bar.
UPBAR
Eg. High 1.00010
Close 1.00008
Open 1.00005
Low 1.00000
Let's say that the total volume is 100. What's the formula for me to get the average volume for the (a). H to C range, (b). O to C, (c). O to L assuming the 100 volume is evenly distributed from the H to L.
Anyone care to share some thoughts ??
Thanks and best regards.
Členem od Nov 21, 2011
1601 příspěvků
Jun 03, 2014 at 21:19
What is "Volume"?
forex_trader_28881
Členem od Feb 07, 2011
691 příspěvků
Jun 04, 2014 at 11:00
You'd need to know where the transactions were, what volume at what price. In retail fx in general you do not have access to that information.
The volumes MT provides are tick counters. Not volume of trades at levels. It's the count of packets of information coming in that has nothing to do with trade volumes that you can get weighted averages from. So the information, like any other volume based indicator is use in fx today, would be useless.
However, this is how you calculate it a weighted average:
http://www.investopedia.com/terms/w/weightedaverage.asp
The volumes MT provides are tick counters. Not volume of trades at levels. It's the count of packets of information coming in that has nothing to do with trade volumes that you can get weighted averages from. So the information, like any other volume based indicator is use in fx today, would be useless.
However, this is how you calculate it a weighted average:
http://www.investopedia.com/terms/w/weightedaverage.asp
Členem od May 02, 2012
15 příspěvků
Jun 06, 2014 at 07:42
Thanks for sharing PipGnostic
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