Daily Tick Volume Histograms for Mapping Price Concentration

Summary

ClusterBox_DayHistogramm displays tick volume by price cluster over a fixed 24 hour interval, allowing traders to inspect where activity concentrated during each day. It is presented as a daily variant of a histogram indicator that otherwise lets the user choose a historical range. Hovering over a cluster reveals its price and tick count. Historical readings depend on tick data collected in advance or loaded from a tick file; without rendered history, values appear as new ticks arrive.

The description notes that Forex chart volume represents tick counts and does not directly measure actual traded volume, though it can be handled similarly for this display. The indicator therefore offers a way to view the distribution of observed tick activity across prices, not a direct measure of market-wide transaction size. The document explains data requirements and display behavior but does not provide a trading rule, performance evidence, or guidance for interpreting clusters.

Key ideas

• The indicator groups tick counts by price over a fixed daily interval.
• Daily clusters show where tick activity was concentrated at different prices.
• Historical display requires tick data from a collector or a prepared tick file.
• In Forex, tick volume is not the same as actual traded volume.
• The indicator describes activity distributions but does not provide tested trading signals.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.