When you put the mouse cursor over a candle on the chart in mt4 the little popup shows you the open price, close price, high, low and volumes, does anyone know what the volume units are ?
It’s tick volume, that is, every time price ticks one pip up or down, it’s measured as 1 volume unit.
For instance, 1,3500 -> 1,3501 -> 1,3500 would be a volume of 2 units as price made two ticks.
Ya that’s exactly what it shows, ticks, not true volume. If you havnt already download the mt5 beta, you can use ur same account with it or make a new one. It offers some new sort of volume I forget the name of it though but its not just ticks
Oh I see … thanks guys I was wondering why that volume doesnt seem to correspond very well with a volume indicator now it makes sense