volume, in mq4 , is said to be the total of the ticks per period....... that will likely cause you to ask, what is a tick......
the real life metaquotes guys like
rosh, rashid umarov and
stringo, slava, seem to always point to the definition of tick in the
metaquotes book appendix glossary...........
it says,
Tick is an event characterized by a new price for a symbol at some moment.
simply a price change......
some of the best non metaquotes guys on the mq4/5 forums agree.....
i tend to think ticks/volume represent for the most part price change updates , a change in bid and/or ask ...... but also a small percentage are for other information updates.....
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why is it important.....
one reason might be it helps point out active times...... by knowing the volume per bar you can predict a average dollar amount to be made, or lost, per bar per time of day......
pick a symbol your very familiar with ....... there are 1440 minutes in a day......
using a single mini lot , list out in order, the average dollar amount made/lost for every minute of the day..... this will show volumes importance.......
ease of movement also needs to be understood......h
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