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| The Classical Volume Histogram in JForex http://www.dukascopy.com/swiss/english/forex/jforex/forum/viewtopic.php?f=81&t=50088 |
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| Author: | Laurentius [ Wed 25 Sep, 2013, 03:50 ] |
| Post subject: | The Classical Volume Histogram in JForex |
Hello, I have attached the classical volume histogram to a 1 minute chart in JForex, but I am not sure how to interpret the decimal numbers reported. For example a 1 minute bar can report that there was a volume volume of 138.58 for a 1 minute period. Could someone please explain what this means? From what I have understood volume can only be in whole numbers. Thanks, Laurentius |
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| Author: | jlongo [ Wed 25 Sep, 2013, 10:25 ] |
| Post subject: | Re: The Classical Volume Histogram in JForex |
Hi Laurentius: The value is the volume in millions of currency unit and it can have decimal places and values. Trade well JL |
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| Author: | Laurentius [ Wed 25 Sep, 2013, 12:36 ] |
| Post subject: | Re: The Classical Volume Histogram in JForex |
Thank you for your reply JL. If I understand you correctly, this actually means that in JForex the volume is not tick volume as with most other Spot FX brokers, but actually true transaction volume within the ECN trading network liquidity model used by Dukascopy. This reported within a rounded accuracy down to 10,000 units of base currency. Could you please confirm if I understand correctly? Thanks, Laurentius |
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| Author: | jlongo [ Wed 25 Sep, 2013, 12:54 ] |
| Post subject: | Re: The Classical Volume Histogram in JForex |
Hi: Is the volume transacted on that bar (i think that is the sum of all tick transactions during the bar), but if i'm wrong, maybe support can say something about. Trade well JL |
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