Difference between Cumulative Delta Bars (CDB) - Up/Down Tick Volume and CDB Volume
Concerning the two indicators (studies) I have a problem to understand the difference.
In one case SC describe the "Calulation Method" as " ... difference between the Uptick volume and the Downtick volume ..." and in the other case as "... difference between the AskVolume and the BidVolume...".
But isn't it the same? An Uptick volume is an AskVolume and a Downtick volume is a BidVolume.
many rhanks for your reply. The first explanation I understand. Okay.
The up/ down tick for the second one I understand too. But what about the bid/ ask. What dicedes wether it was bid or ask triggered?
Coming now to the third part. In the T&S setting you have the option to set this case difference (below bid or above ask). But what do you mean with "... that take place between the ask/bid spread ..." and what must happen to consider it as "above..."/ "below..."
additional to my former post I attached a screenshot. On the left hand side you find a T&S, in the middle there is a tickchart and on the right hand site the chart value window for the marked position. Region 1 and 2 are not relevant for that example because I changed a 5M chart in 1T chart.
In Region 4 there are the up- and down tick volume study and in Region 5 the bid and ask volume study.
My focus is on position: 08:13:40.0 with a volume of 5.
T&S and bid/ ask volume study define it as an "Ask Trade" but the up/down tick shows it as a downtick. At 08:13:48.002 and 003 you see the same story.
And this is the point I do not understand. What could be the story behind that?
Many thanks for your help.
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