NEWBIE Question: What does the volume show

VicZA

Junior member
18 2
Hi All,

Another silly question ... but I have to learn somewhere.:cheesy:

I assume all charting software is very similar but if not please excuse my ignorance. On the chart, just below the indice/trade name there is some info for VOLUME. I know that it show the volume traded for the specific interval you are lookng at but what do the the number mean.

(20) - number in brackets? always 20 so I assume is a setting or range?

first number (either red or green) - I assume this is amount of trades - but why (green) or (red)?

second number (always orange) - I assume this is the moving average?

Please let me know if this is correct and what that (20) means.

Thanks for the help
Vic
 
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Quantt

Established member
944 58
Hi All,

Another silly question ... but I have to learn somewhere.:cheesy:

I assume all charting software is very similar but if not please excuse my ignorance. On the chart, just below the indice/trade name there is some info for VOLUME. I know that it show the volume traded for the specific interval you are lookng at but what do the the number mean.

(20) - number in brackets? always 20 so I assume is a setting or range?

first number (either red or green) - I assume this is amount of trades - but why (green) or (red)?

second number (always orange) - I assume this is the moving average?

Please let me know if this is correct and what that (20) means.

Thanks for the help
Vic
Hello Vic, there are no silly questions, so go ahead and ask away!
For this tough, I just cannot picture it, so I am not sure you are looking at volume, can you please post a picture for better understanding?
 
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VicZA

Junior member
18 2
Hello Vic, there are no silly questions, so go ahead and ask away!
For this tough, I just cannot picture it, so I am not sure you are looking at volume, can you please post a picture for better understanding?
Sure, it's the little graphic (see attached)

I use trading view online charting software.
 

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VicZA

Junior member
18 2
Thanks for the help :)
 

tomorton

Legendary member
7,974 1,164
Well done VicZA for asking. The only silly question is the one you didn't ask and which then cost you money.

Maybe your next question might be "What does volume tell the trader?" If so, stand by for a shipload of argument from m'learned colleagues.
 
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Dowser

Experienced member
1,471 345
I'd certainly be interested to hear if any traders use volume data as part of a successful strategy
 
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