Definition
Volume is the total amount of assets traded in a specific period of time. The 24-hour Volume indicator is used to measure the total volume of a symbol traded in the last 24 hours, expressed as in currency. It can be used to measure the market's interest in a particular symbol.
Calculation
To calculate the 24-hour volume, the indicator uses data from different timeframes; the timeframes chosen depend on the timeframe on the main chart:
Chart timeframe | Timeframe used for the calculation |
less than 1D | 1 |
1D - 1W | 5 |
greater than 1W | 60 |
The indicator calculates the sum of the volume for the last X bars of the lower timeframe, where X is the number of bars that opened in the last 24 hours. The indicator works with calendar hours regardless of the symbol session, so if there has been no past trades for 24 hours or more (e.g., on the first Monday bar on a symbol that is only traded on business days), 24-hour volume can be equal to the regular volume data.
The indicator always displays the 24-hour volume converted to the currency selected in the indicator's inputs. This means that, if the exchange presents its volume data in base currency (e.g., when for BTCUSD, the volume represents the number of BTC traded), the 24-hour Volume indicator converts the base volume into currency volume by multiplying the volume by the price on the chart. The 'Price Source' input can be used to select which specific chart value will be used for this conversion.
The volume can be additionally converted into a currency different from the one on the chart. This can be done by switching the 'Target Currency' input from Default to a different currency.
What to look for
The 24-hour volume is a metric used to track the total value of all cryptocurrency transactions within a 24-hour period. It can be used to measure the market's interest in a particular symbol and gauge its overall health. A high 24-hour volume means that there is high demand for the symbol and that it is healthy and viable. A low 24-hour volume may indicate that the symbol is not as popular as others.
Inputs
Price Source
Specifies the price source used to convert base volume into currency volume, if necessary.
Target Currency
Sets the currency that the 24-hour volume will be presented in. Available options: Default, USD, EUR, CAD, JPY, GBP, HKD, CNY, NZD, RUB.
Price Source
Specifies the price source used to convert base volume into currency volume, if necessary.
Target Currency
Sets the currency that the 24-hour volume will be presented in. Available options: Default, USD, EUR, CAD, JPY, GBP, HKD, CNY, NZD, RUB.
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FAQs
It can be used to measure the market's interest in a particular symbol and gauge its overall health. A high 24-hour volume means that there is high demand for the symbol and that it is healthy and viable. A low 24-hour volume may indicate that the symbol is not as popular as others.
What is the best volume indicator on TradingView? ›
5 Best Volume Indicators on TradingView For Day Trading
- #1 Volume Profile. Imagine you enter an open air market to buy apples. ...
- #2 Volume Weighted Average Price (VWAP) Have you ever wondered how floor traders on the New York Stock Exchange are evaluated? ...
- On Balance Volume. ...
- Accumulation Distribution (A/D) ...
- Chaikin Money Flow.
How is 24h Volume calculated? 24h Volume is calculated by multiplying the price of a cryptocurrency by the number of coins traded in a 24 hour period.
What does 24-hour trading volume mean? ›
24H Volume is the amount of buying and selling of a cryptocurrency asset that takes place over a 24-hour period. It is a key point of data for traders found on the Crypto.com Price page. 24H Volume lets traders gauge interest in a cryptocurrency and shows how much it's been traded in a 24-hour time frame.
What is the 24-hour total volume? ›
The urine 24-hour volume test measures the amount of urine produced in a day. The amounts of creatinine, protein, and other chemicals released into the urine during this period are usually tested as well. The female and male urinary tracts are relatively the same except for the length of the urethra.
What is the most powerful indicator in TradingView? ›
Below, we will explore the top 10 best Indicators used among traders.
- 1 - Moving Average (MA) ...
- 2 - Relative Strength Index (RSI) ...
- 3 - Moving Average Convergence Divergence (MACD) ...
- 4 - Bollinger Bands. ...
- 5 - Volume. ...
- 6 - Stochastic Oscillator. ...
- 7 - Fibonacci Retracement. ...
- 8 - Average True Range (ATR)
What Are Some Popular Volume Indicators? Popular volume indicators include three mentioned above—on-balance volume (OBV), Chaikin Money Flow, and Klinger oscillator—as well as the volume price trend indicator and Money Flow Index.
What is considered good volume for a stock? ›
To reduce such risk, it's best to stick with stocks that have a minimum dollar volume of $20 million to $25 million. In fact, the more, the better. Institutions tend to get more involved in a stock with daily dollar volume in the hundreds of millions or more.
What is the average daily trading volume indicator? ›
Average Daily Trading Volume (ADTV) is a technical indicator used by investors that refers to the number of shares of a particular stock that, on average, change hands during a single trading day. The average daily trading volume can be calculated for any span of time – five days, 10 days, etc.
What is the average daily trading volume? ›
Average daily trading volume (ADTV) is the average number of shares traded within a day in a given stock.
Why It Matters. If you see a stock that's appreciating on high volume, it's more likely to be a sustainable move. If you see a stock that's appreciating on low volume, it could be a dead cat bounce. Logically, when more money is moving a stock price, it means there is more demand for that stock.
What is the average daily turnover? ›
The average daily turnover is calculated by dividing the total value of share trading by the number of trading days during the year.
How much volume is good for intraday trading? ›
For example, a volume of 50,000 to 75,000 shares is sufficient if the trade is for 50 or 100 Rs; however, if the volume is a few hundred or thousands, volume requirements significantly become larger. While selecting liquid stocks, don't forget to check liquidity at various price levels.
How to use volume for day trading? ›
Volume is an important indicator that every day trader should understand. Generally, you want to look for stocks that have high volume. Rising volume and price often mean buyer interest, which makes the stock more liquid, and quicker and easier to buy and sell.
How do I change 24hr to 12hr in TradingView? ›
12-hour clock
- Open the Chart Settings menu.
- Go to Scales tab.
- Select the desired format from the Time Format drop-down list.
The volume / market cap ratio is calculated by dividing a coin's 24-hour trading volume by its market cap.
How does TradingView volume work? ›
The Volume indicator measures how much of a given financial asset has traded in a specific period of time. Volume is measured by shares traded for stocks, whereas for futures, it is based on the number of contracts.
What does daily volume mean in stocks? ›
Average daily trading volume (ADTV) is the average number of shares traded within a day in a given stock. Daily volume equates to how many shares are traded each day, but this can be averaged over a number of days to find the average daily volume.
