help in reading volume

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arnie
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help in reading volume

Postby arnie » 29 Nov 2011

Hi.

Please see attached image.

On the left I have volume of data1 (bid) and data2 (ask) applied to each respective instrument, and on the center I have an ask bar chart with the respective volume indicator and on the right the bid bar chart, also with its respective volume indicator.

My question is why the left chart volume indicators aren't plotting the same traded volume as the center and right volume indicators?
Shouldn't they be the same?

The volume indicator is MC's standard volume indicator and the volume of data1 and data2 indicator are as simples as:

Code: Select all

Plot1(volume of data1);

Code: Select all

Plot1(volume of data2);
Attachments
volume-reading.gif
volume-reading.gif (117.44 KiB) Viewed 131 times

SP
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Re: help in reading volume

Postby SP » 29 Nov 2011

arnie,

if you open the code for MC's standard volume indicator you see that it uses ticks for minute charts instead of volume.

Code: Select all


if BarType >= 2 then                             
   Plot1( Volume, "Volume" )
else                       
   Plot1( Ticks, "Volume" ) ;


So you should get the same result with Plot1(ticks of data1);
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arnie
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Re: help in reading volume

Postby arnie » 29 Nov 2011

SP wrote:So you should get the same result with Plot1(ticks of data1);


That's it SP.

Thanks.


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