How to calculate AVERAGE VOLUME PER PRICE LEVEL ??
 Member Since May 02, 2012  14 posts EAcomparison 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. Member Since Nov 21, 2011  1706 posts CrazyTrader (CrazyTrader) Jun 03 2014 at 21:19 What is 'Volume'? You love my free signals... Like me on fb : ) Member Since Feb 07, 2011  724 posts PipGnostic (TheCyclist) 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:https://www.investopedia.com/terms/w/weightedaverage.asp Show me your pips!! Member Since May 02, 2012  14 posts EAcomparison Jun 06 2014 at 07:42 Thanks for sharing PipGnostic Please login to comment.
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