[eyaganParticipant October 30, 2013 at 4:22 pm Post count: 3]

in reply to: Rookie question on "volume" #19413

Thanks for the answer, but frankly I am as lost as before…
The example I had given included a special 1m bar.
All the trading in that particular minute realized on the very same price: 1.38055
So if I wonder for “how many lots were traded on this bar?” the only thing I should do is to divide the volume to 1.38055.
As done below:

Example 1m bar : O-H-L-C = all equal 1.38055 and volume is 0,150000005960464
(0,150000005960464/1.38055)*1mn= 108652,35 =~ 108652 contracts
Would you approve that calculation?

Is this logic and calculation correct?
If so let me move onto tick level-volume… sample tick data below:

Date

---

Close

---

---

Volume
29.10.2013 00:00:02:354

---

1,37880

---

1,27999997138977

Shouldn’t volume be sth like “1,37880*lots traded”
And therefore shouldn’t volume be some number which is dividable by the price 1,37880?
But 1,279999… is none of them??
I am sure there is a very small detail that my tired brain misses? But what…

Thanks

[eyaganParticipant October 24, 2013 at 9:12 am Post count: 3]

in reply to: Tick-Volume #19091

Hi,

No doubt that I am a new user and know very little about some practical issues.
I have downloaded the tick data for USDTRY pair and checked for the “volume” part.
The volume data I see is sth like below:

> 1,580000004291534
> 2,400000009536743
> 1,5
> 2,25
> 1.5
….(check the note on the bottom)

Can you help me sort this values out?
These values have so many digits because the TRY values are converted in $ terms and that creates the digits?
Or… I need to run a rounding-filter and erase the numbers after the 3th digit?

Thanks in advance

Note:
The same issue is seen in all other assets like EURUSD: (7,130000114444092) euros? dolars?
When this value is divided into the price (1.3778) the resulting value is (5.174916616) contracts?

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