What does "volume" mean exactly in ctrader's candle chart?

Created at 03 Jan 2022, 11:03

Joined 10.04.2021

What does "volume" mean exactly in ctrader's candle chart?
03 Jan 2022, 11:03

What does volume mean in ctrader's candle chart? For example, in the below figure, the volume says 103 (see the red square). What does 103 mean exactly? Does it mean there are 103 positions opened or closed in that bar?

Furthermore, I am using ic markets as broker. Based on my understanding, ic markets uses ECN to give clients direct access to its liquidity providers. So the volume here just include the clients who use ctrader, or all the clients who use ic markets as broker, or include all the liquidity providers?

@RedSeaBro

Replies

PanagiotisCharalampous
03 Jan 2022, 11:09

Hi there,

What does 103 mean exactly?

It's the number of ticks received during that bar

So the volume here just include the clients who use ctrader, or all the clients who use ic markets as broker, or include all the liquidity providers?

You should ask IC Markets about this.

Best Regards,

Panagiotis

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@PanagiotisCharalampous

RedSeaBro
03 Jan 2022, 11:12

RE:

PanagiotisCharalampous said:

Hi there,

What does 103 mean exactly?

It's the number of ticks received during that bar

So the volume here just include the clients who use ctrader, or all the clients who use ic markets as broker, or include all the liquidity providers?

You should ask IC Markets about this.

Best Regards,

Panagiotis

Join us on Telegram and Facebook

Thanks Panagiotis. What does one tick mean?

@RedSeaBro

PanagiotisCharalampous
03 Jan 2022, 11:15

Hi,

A tick is a change in the Bid or Ask price.

Best Regards,

Panagiotis

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@PanagiotisCharalampous

RedSeaBro
03 Jan 2022, 11:30

RE:

PanagiotisCharalampous said:

Hi,

A tick is a change in the Bid or Ask price.

Best Regards,

Panagiotis

Join us on Telegram and Facebook

So for example if the price changes from 1 to 1.0005 and then drops to 0.9995 in a bar. The volume (number of ticks received) is 10 ticks (suppose a tick is 0.0001). Is my understanding correct?

@RedSeaBro

PanagiotisCharalampous
03 Jan 2022, 11:40

Hi,

No, a tick is a change in price. What you described is three changes in price. This means three ticks. Each time the price field blinks, it's one tick.

Best Regards,

Panagiotis

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@PanagiotisCharalampous

RedSeaBro
03 Jan 2022, 11:55

RE:

PanagiotisCharalampous said:

Hi,

No, a tick is a change in price. What you described is three changes in price. This means three ticks. Each time the price field blinks, it's one tick.

Best Regards,

Panagiotis

Join us on Telegram and Facebook

I see your point. It makes total sense. Thanks a lot!

Regards

Bowen

@RedSeaBro

janhuester
25 Jan 2023, 14:41

RE: RE:

RedSeaBro said:

PanagiotisCharalampous said:

Hi,

No, a tick is a change in price. What you described is three changes in price. This means three ticks. Each time the price field blinks, it's one tick.

Best Regards,

Panagiotis

Join us on Telegram and Facebook

I see your point. It makes total sense. Thanks a lot!

Regards

Bowen

Hello, where can i get the number of ticks from a specific candle, like in this example 103?

Regards

@janhuester

PanagiotisChar
26 Jan 2023, 09:50

Hi there,

You can find it in TickVolume property.

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