Support Board
Date/Time: Mon, 10 Mar 2025 02:12:43 +0000
[User Discussion] - UptickVol vs DowntickVol
View Count: 595
| [2022-03-13 10:47:25] |
| User146848 - Posts: 124 |
|
Greetings, I need a little help to be sure to understand the topic correctly. Lets say CrudeOil last Trade is an offer lifting ASK trade@110.1 (previous trade was ASK @110.0). The BID moved up as well from 109.9 to 110.0. The next couple of trades are on the BID @ 110.0 These trades are Bid Volume ofc, but what about Up/Down tick vol? In which category do they belong? Best, |
| [2022-03-13 22:19:31] |
| 1+1=10 - Posts: 270 |
|
Here's the quote on Uptick volume from the docs -- Downtick would obviously be the reverse: UpTick Volume Uptick volume is the volume of trades that occurred at a higher price than before. Trades that occurred at the same price and where the prior trade was at a higher price, are also considered upticks. |
| [2022-03-14 10:11:54] |
| User146848 - Posts: 124 |
|
I am still not sure, hence the question. The quote ticked up but the price is lower.
|
| [2022-03-14 10:57:06] |
| User907968 - Posts: 838 |
|
The quote is not relevant. If the trade price is lower than the previous trade price, as your exmaple (previous trade = 110.1, last trade = 110.0), then it is a down tick. Downtick volume is the volume of trades that occurred at a lower price than before. Trades that occurred at the same price and where the prior trade was at a lower price, are also considered downticks. Uptick volume is the volume of trades that occurred at a higher price than before. Trades that occurred at the same price and where the prior trade was at a higher price, are also considered upticks. |
To post a message in this thread, you need to log in with your Sierra Chart account: