Measuring volume

jacknapier

Active member
157 2
In Steenbargers book, he says that he likes to measure volume in trades rather than shares traded. Now, how do you find this statistic? With range bars? With tick bars? Or what? I'm assuming that normal time based bars are not what he is referring to.

I'm looking at tick bars of various symbols, and I notice that most of the time the volume is relatively flat with occasional spikes. I'm thinking that this is what he is referring to.
 
 
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