This cannot be considered a serious post :) Anyways, there's no way of telling. Volume is just tick count. Has nothing to-do with who's trading what ... nor when. Within one minute bars, tick count cannot determine when. However if you're looking at something like hourly bar for example, then you can determine if the last half-hour had more tick volumes than the beginning.
This cannot be considered a serious post :)
Thanks a lot. Maybe i was not clear enough on what i meant:
I'm not interested in who trades when, but in where the trading takes place: i.e. the price range. Current candles do not reveal that info, while it would be valuable. From smaller time frames however that info can be calculated and the smallest timeframe is a tick.
It would be very valuable info if you can see on a day's candle or a H4 or H1 candle in what price range most of the trading took place.
Thanks a lot. Maybe i was not clear enough on what i meant:
I'm not interested in who trades when, but in where the trading takes place: i.e. the price range. Current candles do not reveal that info, while it would be valuable. From smaller time frames however that info can be calculated and the smallest timeframe is a tick.
It would be very valuable info if you can see on a day's candle or a H4 or H1 candle in what price range most of the trading took place.
We are getting there.
Example:
- 1 minute timeframe, EURUSD
- Minute 1: price range between (open) 1.3330 and 1.3333: volume: 10 (it's an example)
- Minute 2: price range between 1.3333 and 1.3335: volume: 30
- minute 3; price range between 1.3333 and 1.3336: volume:25
- minute 4; price range between 1.3333 and 1.3335: volume:25
- minute 5: price range between 1.3325 and 1.3333: volume 5
Now where is the volume mass in the M5 candle? It Opened at 1.3330 and closed at 1.3328, but most of the volume occurred between 1.3333 and 1.3336. However we see a doji like candle with a small body and a wick up that actualy contains most of the volume of that candle.
From the volume of the smaller or even smallest timeframe we can calculate the belly of the candle stick. Or am i still misunderstanding the whole concept op volume? My craft is programming, not trading (although i now do have a home made robot making money for me).
Please comment.
Now where is the volume mass in the M5 candle?
We are getting there.
Example:
- 1 minute timeframe, EURUSD
- Minute 1: price range between (open) 1.3330 and 1.3333: volume: 10 (it's an example)
- Minute 2: price range between 1.3333 and 1.3335: volume: 30
- minute 3; price range between 1.3333 and 1.3336: volume:25
- minute 4; price range between 1.3333 and 1.3335: volume:25
- minute 5: price range between 1.3325 and 1.3333: volume 5
Now where is the volume mass in the M5 candle? It Opened at 1.3330 and closed at 1.3328, but most of the volume occurred between 1.3333 and 1.3336. However we see a doji like candle with a small body and a wick up that actualy contains most of the volume of that candle.
From the volume of the smaller or even smallest timeframe we can calculate the belly of the candle stick. Or am i still misunderstanding the whole concept op volume? My craft is programming, not trading (although i now do have a home made robot making money for me).
Please comment.
Yea, I have a question. How do you get a candle || bar || whatever to draw a belly?
How does information provided like this:
__1m
_____2m
_________3m
____________4m
________5m
Work to be much better than information already provided like this?
|
| | |
| | | |
| | | | |
| | | | |
1m 2m 3m 4m 5m
Added: it screwed up my formating ... top looked like a belly and bottom figure looked like volumes :)
Are you telling me that the red bars in the bottom of this screen shot are not accessable in an indicator or EA?
Yes they are, but they are not Volume they are Tick Count.
You have already been told this, perhaps you missed the post . . .
This cannot be considered a serious post :) Anyways, there's no way of telling. Volume is just tick count. Has nothing to-do with who's trading what ... nor when. Within one minute bars, tick count cannot determine when. However if you're looking at something like hourly bar for example, then you can determine if the last half-hour had more tick volumes than the beginning.
Now you are too fast for me. I was still considering the concept.
My EA relies on candle behavior and not on math-indicators. So i try to get as much info from the candles as possible in order to analyze their behavior. And this bit i was missing. Maybe we've just invented a new tasty candle that will conquor the financial world and will carry our names for the next twohundred years ;-) The Jeex-Ubzen candle... A historic moment.
Anyway, it must be in the form of an indicator to keep it simple.
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A strange thought, but maybe it has a value:
Thus we see a candle with four specific values, but we don't know:
Or am i completely missing something and am i the Fool and the Weirdo?
I can imagine sort of a BellyCandle where you can also see where most of the trading volume took place.
Or is there a stick or indicator that does show this?