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Volumetric order flow bar statistics... clarification needed

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    Volumetric order flow bar statistics... clarification needed

    What is the distinction between "Trade" and "Volume?" In my mind, Volume is the number of trades for a given bar, however, Trade and Volume have two different numbers.

    #2
    Hello,

    Can you clarify where you are viewing 'Trade' data, or what this is referring to within the platform?

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      #3
      It was in the subject title "Volumetric order flow bar statistics"

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        #4
        Hello,

        Trades is referring to filled orders while volume refers to the total number of contracts bought/sold.

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          #5
          I still don't see the distinction. Are you saying that a "filled order" might represent multiple contracts?

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            #6
            Correct, a trade may be for multiple contracts. So while an order for 20 contracts would represent 1 trade but 20 volume.

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