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Volume Breakdown - Ask Traded, Bid Traded, Up Tick, Down Tick

Trevor Harnett
asked this on June 22, 2010 06:31

Hi, can you tell me whats the difference in the Volume Breakdown indicator between Delta (buy -sell vol) of Ask Traded vs Bid Traded/Trades and Up Tick vs Down Tick/Trades?

Thanks
 

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Trevor Harnett
MarketDelta LLC
Ajax_loader_small Answer

 

two methods:
- Ask Traded vs Bid Trade Volume - Volume that trades at the ask
price is considered buy volume, while volume that trades at the bid is
considered sell volume
- Up Tick vs Down Tick Volume - Volume that trades on or
subsequent to an up tick is considered buy volume, while volume that
trades at or subsequent to a down tick is considered sell volume.

Breakdown Volume or Trades - Volume is actual traded volume. Trades is ticks (trades). Volume and Trades can be broken down based on either of two methods below.

  • Ask Traded vs Bid Traded Volume - Volume that trades at the ask price is considered buy volume, while volume that trades at the bid is considered sell volume
  • Up Tick vs Down Tick Volume - Volume that trades on or subsequent to an up tick is considered buy volume, while volume that trades at or subsequent to a down tick is considered sell volume.
  • Ask Traded vs Bid Traded Trades - Trades at the ask price is considered buy trades, while trades at the bid is considered sell trades. The value shown is # of trades (ticks), not volume.
  • Up Tick vs Down Tick Trades - Trades on or subsequent to an up tick is considered buy trades, while trades at or subsequent to a down tick is considered sell trades. The value shown is # of trades (ticks), not volume.

More information can be found in the Volume Breakdown Indicator FAQ.

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June 22, 2010 06:36.
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YJ Yi

Hi, what about Ask Traded vs Bid Traded Trades and Uptick vs Down Tick Trades, instead of volume? What is the difference between trades that occur at the ask price and trades that occur at the uptick?

June 22, 2010 08:39.
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Trevor Harnett
MarketDelta LLC

The above answer has been amended to answer your question.

June 22, 2010 09:32.
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