Question: What is the difference between Tick Volume and (true) Volume?

I know there's no "real" volume in fx, but even if there was....

Please correct me if I'm wrong here. If volume is the aggregate of all orders, wouldn't tick volume be identical once you got past the tick floor?

(I'm a junior member so my post won't show up right away and someone might have answered before it does, but as I post this there aren't any replies)

I'm not too familiar with the inner workings of the market so I might be wrong, but I think it goes like this.

Real volume would be how many lots were bought/sold during a bar and tick volume is how many times the price changed within that bar. There could be 100 orders during one bar and 100 orders in another, but the first bar's orders could be 1 lot each and the second bar's orders could have been 10 lots each. So the real volume would be larger in the second, but the tick volume would be identical.

And I'm not sure what you mean by tick floor, but hopefully that answered your question.

Thanks.... that did answer it.

What is the difference Between tick and pip

A tick would simply be the amount of times the price moved within a particular bar.
A pip is a movement of 10 points.
Let us look at EU.
The 5th decimal place is known as a point 1.13456

Thank you!

Using the Paradox system I always use pips and points never use ticks.
Thanks for the answer!

one man's trash might be another man's treasure......

metatraders ivolume() is doing exactly what it is coded to do..... which is to count the volume of ticks per period(), perhaps a better word would have been 'pings'.....

if we were to write a indicator or ea that calculated the average pips range per hour of the day, we could see the most active hours for that pair..... some feel those active hours are the best to trade......

if we were to write a indicator or ea that calculated the average volume per hour of the day, we could, again, see the most active hours for that pair..... some feel those active hours are the best to trade......

the chart below is of an immense ea that breaks the market down in every manner imaginable by me..... two such manners are pips per hour and volume per hour..... this is done per individual pair and per currency group.....

it's clear to see volume's, which is activity, relationship to pips...... the hours are my local hours, not gmt..... volume easily points out london's open....

if the volume per hour is low, might as well gas up the lawn mower.... for priscilla that is..... i'm going huntim.....h
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