What is "volume" based on?
160 times the price moved in that 5 min.
fxhermit:
In the data window, what is "volume" based on? For example, on a typical 5 min bar in the EURUSD, there volume might be 160 or so. What does the 160 represent?
Thanks!
Ah, so it is Tick volume. Thanks guys!
fxhermit:
Ah, so it is Tick volume. Thanks guys!
...And one of the implications of this which you may need to be aware of is that the magnitude of the volume varies substantially between different brokers. For example, brokers offering fixed spreads will typically report much lower volume figures than STP brokers.
Ah, so it is Tick volume. Thanks guys!
Hmm...that's interesting. Thanks for the insight.
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In the data window, what is "volume" based on? For example, on a typical 5 min bar in the EURUSD, there volume might be 160 or so. What does the 160 represent?
Thanks!