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Tom:
As I understand it with a stocks. Uptick volume is the volume of a
tick/trade that
is a purchase of stock shares at the ask price. Downtick volume is the
volume of a tick/trade that is a sale of stock shares at the bid price.
If the trade price is the same as the one before, it is counted as
whatever the one
before is, uptick if the last was an uptick.
The volume bug is that downtick volume it represented as 0, I think.
Bob
Tom wrote:
>
> Bob and list,
> I have a few questions if I may ask regarding intraday Volume.
> Could you explain the relation of upticks and downticks to volume. Since both an
> uptick or downtick in price is representing a transaction of undetermined size
> (could be 1 or 1000 contracts), how can it (up/dn tick count) represent volume
> at all?
> I trade futures and not stocks, so I may not have this correct regarding Shares
> of stock trading, but would assume the same applies.
>
> Secondly, what occurrs when another tick price occurrs that is at the same price
> as the former tick? Is it counted as an uptick or a downtick or are =ticks
> counted and differentiated from the former?
>
> What is the Volume bug? Or did you just describe it?
>
> Thanks in advance for any insights.
> See U
> Tom
> planeacres@xxxxxxxxxxxxxxxx
> What can you take with you when you're dead? That is the Question.
>
> -----Original Message-----
> From: Robert Kodama <stocktrader@xxxxxxxxxxxxxxx>
> Date: Friday, February 27, 1998 10:21 PM
> Subject: DDE and volume bug
>
> >Allan:
> >
> >I dde into excel from supercharts 4. I am using signal cable, p200 mmx,
> >88 meg mem.
> >
> >I know the sum of uptick (443300) and downtick (562400) volume does not
> >add up to the total end of day volume for today.
> >
> >For today 2-27-98 I got 618 ticks(trades) for klac with a total volume
> >of 2,691,600 from signal cable and supercharts.
> >
> >According to this site: http://qs.secapl.com/cgi-bin/qs
> >It got a total volume of 2,692,200 and 1851 trades.
> >
> >Doing any kind of volume study with 618 trades of 1851 total trades is
> >pretty useless.
> >
> >I will be using bmi and ensign software monday and signal and
> >supercharts.
> >
> >I will try to see if I get the volume bug.
> >
> >Bob
> >
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