NexusFi: Find Your Edge


Home Menu

 





downsticks and upticks for volume


Discussion in MultiCharts

Updated
    1. trending_up 1,781 views
    2. thumb_up 0 thanks given
    3. group 1 followers
    1. forum 1 posts
    2. attach_file 0 attachments




 
Search this Thread
  #1 (permalink)
 johnEdweeno 
brisbane queensland australia
 
Experience: None
Platform: multichart
Trading: currency futures
Posts: 58 since Oct 2018
Thanks Given: 0
Thanks Received: 5

how is it determined if there's an uptick or downtick?

Has it been coded such that if there's a new higher bid price, it's counted as an uptick? But if there's a new higher ask price, it's not counted as an uptick?

If it's not coded this way, don't you think that would be erroneous since new bid prices are provided by liquidity providers only when there's a buy order? So when the ask price goes up without the bid price also going up, it's wrong to assume a buy order has occurred, no?


Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Iran Peace Expired NO: Ceasefire on Life Support, OPEC a …
Prediction Markets & Event Contracts
GDP Day: The First Economic Reckoning -- Pahlavi at 6.55 …
Prediction Markets & Event Contracts
El Clasico Draws $9.2M in Prediction Market Action -- Bi …
Prediction Markets & Event Contracts
Beijing Summit Closes: Xi Pledges Hormuz Help -- $1.14B …
Prediction Markets & Event Contracts
Kalshi Sets $4.13B All-Time Weekly Record as Polymarket …
Prediction Markets & Event Contracts
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
NexusFi site changelog and issues/problem reporting
16 thanks
Darmok and Jalad at Tanagra
3 thanks
Big Mike in Ecuador
2 thanks
CME Expands 24/7 Trading to WTI Crude Oil and Gold -- We …
1 thanks
30 Sessions
1 thanks
  #2 (permalink)
 johnEdweeno 
brisbane queensland australia
 
Experience: None
Platform: multichart
Trading: currency futures
Posts: 58 since Oct 2018
Thanks Given: 0
Thanks Received: 5

actually, i was able to confirm it does behave the way i had hoped by seeing that volume indicator shows values that equal volumeUp+VolumeDN


Started this thread Reply With Quote




Last Updated on March 16, 2021


© 2026 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts