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Yes, it does ignore the volume size of each tick, however volume is not
available with futures so the up/down tick is the only info we have until
total volume is published for the trading day. Tick is still better than
nothing - OBV run on tick chart yields net tick volume.
Earl
-----Original Message-----
From: GREHERT@xxxxxxx <GREHERT@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, October 30, 1998 4:48 PM
Subject: Re: VOLUME DISCUSSION ANYONE?
>Why would this be? Doesn't the tick-volume ignore the volume size of each
>tick thereby making it less meaningful. Wouldn't it be equivalent to
giving
>each up-day a volume of +1 and each down-day a volume of -1 in EOD data?
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