Volume indicator

Hi to the community

Question: why does the volume on the 1 min chart is so significantly lower than the day chart? I mean I cross checked it with Tradingview and on the same timings it’s totally different. The black is 212 and white is trading view. Close on Friday for Nvidia


Welcome to the Community, @DeeM :tada:

Unlike traditional volume, which counts the total number of shares or contracts traded, we display ā€˜tick volume’. This is why the numbers differ when you compare them with Trading View’s app.

In short, tick volume refers to the number of ticks (price changes) that occur during each candle. The idea behind tick volume is that it similarly represents the market conditions of an instrument because more quotes are being made when more trades occur — hence, larger volume. Still, our charts and the data we display serve only an indicative purpose.

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It would be nice to have share volume, I dont use the T212 charts that much because of little issues like this and keep a TradingView window open instead.

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Can we not get this reverted back? This might be the only broker I know who doesn’t use the correct volume?

Why would I care how many times the price has changed within a candle? Could be a buy order for 5k shares at one price and the volume indicator would show 1??? Or I could have 100 diff price changes all for 1 lot each and the volume would show 100?

Would rather the volume worked as expected like on every other broker I shouldn’t have to go on a competitors app to get an avg volume count, this affects indicators as they’re not getting correct volume

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Agreed!

T212 could provide this under a different name. Maybe ā€œtick volumeā€ or something.

But ā€œVolumeā€ should be the standard volume as on all platforms. We need to trust the indicators so we can trade based on them. Otherwise, I start to wonder what else might also be different!

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I agree with the points you brought up.

Adding true volume is a big project with a lot of moving parts across different markets, so it hasn’t been our top priority just yet.

I’ll raise this with the team to see if we can get it on the dev roadmap.

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Hi,

Would it be possible for Volume as measured in the traditional fashion to be added as an indicator to be added as it’s easier to work with and is consistent with other platform?

Many thanks.

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Thanks for the input! I’ll forward this to the team and update you if there’s any news.

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Thank you for that VaselinšŸ‘

Hi Kris

do you know if this was raised with the development team and if so what sort of ETA until we have a correct volume indicator

Cheers

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The suggestion has been passed along to our development team for consideration. At this point, there aren’t any updates for implementing this indicator, but if there is any news, we’ll let you know.

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Hi, is there any progress with this or an ETA?

Welcome to the Community, @J19724 :waving_hand:

There are no updates or ETA to share at this time, but the team is aware of the request, and it’s something we’re keeping in view for future improvements. We’ll keep you posted if there are any changes.