Calculating Upticks/Downticks from Volume

Hi,

Im currently trying to convert some tradestation code that uses "upticks" and "downticks".

I've worked out that upticks and downticks represent the volume of buys and the volume of sells respectively.

Now I'm doing this for shares- I know this is a Forex forum but Im sure it is relevant here too, I just don't know what the equivalent words for some terms asre for the total volume of shares on the market.

My data only has the total traded volume for the day, which is obviously the sum of upticks and downticks. So:

Upticks+Dnticks = Voume ...(1)

Now I also know the price change in the day is equivalent to the ratio between upticks and downticks, so:

Upticks-Dnticks = dprice*Nshares ...(2)

where Nshares is the total number of shares on the market and dprice is the ratio of price move
dprice=(close(today)-close(yesterday))/close(yesterday)

Substituting (2) into (1) and rearranging gives:

Upticks=0.5*(dprice*Nshares+volume)
and
Dnticks=volume-upticks.


However, something is wrong as my downticks variable is often negative.


If anyone can spot what I've done wrong, please advise. It would be a massive help

Thank you

If you're referring to MT4, I'm not sure that this is necessarily true. My understanding is that ticks are a count of the number of transactions that take place, regardless of their volume, e.g. if 10,000 units change hands at 1.0069, and then 5,000 units at 1.0070, this will show in MT4's 'volume' chart as 2 ticks, rather than 15,000.

Moreover, this 'volume' applies only to transactions that occurred via one's broker, not the whole market.

Somebody please correct me if I'm wrong.

You may find this indicator of use.

Regards

Lux

Im trying to convert a volume indicator from Tradestation easylanguage code. If you look at https://www.tradestation.com/support..._Reference.pdf the definition of upticks can be a volume measure. That may not be a universal definition but it is the case here.

Thanks, can you tell me what the "Point" and "dXecn" variables represent?

hey hanover..... someone asked me to reply here, ordinarily i would not....

//-----

volume has to do with counting the changes in the MarketInfo() values not a count of true trades themselves....

it's possible to have volume without any trades/transactions at all....


and of course you are correct, the volume we each see is our broker only......h

Is this possible to have this indicator(TicksSeparateVolume.mq4) in MT5 ?

Thanks