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Rance:
On a futures contract, intraday volume is tick volume, not the number
of contracts changing hands. For stocks, it would be the number of
shares changing hands.
On a futures tick chart Mov(Volume, 50, E) would yield "1", since
each tick has a volume of one. On a five-minute futures chart, it
would give you the exponential moving average of the number of
trades in each five-minute bar.
Hope this helps.
----- Original Message -----
From: "Rance Nunes" <MetaStock@xxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, November 28, 2000 9:57 AM
Subject: Volume and Intraday tick periodicity
> When using intraday tick data is the current value of
> volume
> the volume for the day up to the present tick?
>
> Does
> mov(volume,50,exponential)
> have any meaning? Is this the exponential moving average of the volume over
> the last 50 ticks?
>
> Thanks.
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