How to calculate AVERAGE VOLUME PER PRICE LEVEL ??

EAcomparison

Tham gia từ May 02, 2012 15bài viết

Jun 02, 2014 at 08:58

Tham gia từ May 02, 2012 15bài viết

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

Tham gia từ Nov 21, 2011 1601bài viết

Jun 03, 2014 at 21:19

Tham gia từ Nov 21, 2011 1601bài viết

What is "Volume"?

forex_trader_28881

Tham gia từ Feb 07, 2011 691bài viết

Jun 04, 2014 at 11:00

Tham gia từ Feb 07, 2011 691bài viết

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

EAcomparison

Tham gia từ May 02, 2012 15bài viết

Jun 06, 2014 at 07:42

Tham gia từ May 02, 2012 15bài viết

Thanks for sharing PipGnostic

EURUSD	1.13258	GBPUSD	1.33251	AUDUSD	0.64087
USDJPY	143.015	USDCAD	1.37876	USDCHF	0.82623

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