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How to calculate AVERAGE VOLUME PER PRICE LEVEL ??
EAcomparison

Členom od May 02, 2012  14 príspevkov 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.

CrazyTrader

Členom od Nov 21, 2011  1706 príspevkov CrazyTrader (CrazyTrader) Jun 03 2014 at 21:19
What is 'Volume'?

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TheCyclist

Členom od Feb 07, 2011  724 príspevkov 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!!
EAcomparison

Členom od May 02, 2012  14 príspevkov EAcomparison Jun 06 2014 at 07:42
Thanks for sharing PipGnostic

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