By Islam BarakaDefinitions
In plain terms
For shares it may count shares traded; for other instruments it may use contracts, units, lots, or notional, so the unit matters.
Technical
Volume aggregation requires eligibility, correction and cancellation handling, deduplication, unit, instrument identity, interval boundaries, and adjustment basis.
Scope
Volume definitions are feed- and asset-specific and should not be compared without checking units and coverage.
Examples
- A governed dataset records trading volume explicitly and preserves the source context needed to interpret it.
Common misconceptions
- Trading Volume does not have one universal meaning or policy without its declared source, scope, and data contract.
Concept relationships
Prerequisites
Related
Required by
- OHLCV
- Average Daily Traded Value
- On-Balance Volume
- OBV Close Direction
- OBV Signed Volume
- OBV Cumulative Level
- OBV Initial Seed
- Equal-Close OBV Contribution
- OBV Zero-Volume Contribution
- OBV Level Translation
- OBV Revision Propagation
- OBV Divergence Scope
- Accumulation/Distribution Line
- Money Flow Multiplier
- Money Flow Volume
- Close-Location Value
- ADL Cumulative Level
- ADL Zero-Range Policy
- ADL Gap Blind Spot
- ADL Initial Seed
- ADL Revision Propagation
- ADL Breadth Disambiguation
- Money Flow Index
- MFI Typical Price
- Raw Money Flow
- Positive Money Flow
- Negative Money Flow
- MFI Money-Flow Ratio
- MFI Bounded Transform
- MFI Typical-Price Direction
- MFI Zero-Flow Neutral State
- MFI Warm-Up Window
- Volume Price Trend
- Decimal Close Return
- VPT Volume Contribution
- VPT Cumulative Level
- VPT Positive-Close Constraint
- VPT Zero-Volume Contribution
- VPT Equal-Close Contribution
- VPT Initial Seed
- VPT Adjustment-Basis Sensitivity
- OBV–VPT Magnitude Contrast
- Force Index
- Raw Force
- Price–Volume Unit
- Force EMA Seed
- Force EMA Update
- Force Index Warm-Up
- Force Index Zero-Change State
- Force Index Zero-Volume State
- Force Index Recursive Revision
- Force Index versus VPT
Where this concept is used
- PrerequisiteOn-Balance Volume (OBV)D07-F05-A01
- PrerequisiteAccumulation/Distribution LineD07-F05-A02
- PrerequisiteMoney Flow IndexD07-F05-A04
- PrerequisiteVolume Price TrendD07-F05-A05
- PrerequisiteForce IndexD07-F05-A06
Tutorials planned
These catalogued topics use this concept, but their complete build has not shipped yet.
- D01-F01-A01 Important
- D01-F01-A03 Primary
- D01-F01-A04 Important
- D01-F01-A06 Primary
- D02-F01-A05 Important
- D03-F06-A02 Important
Evidence and governance
- Daily TAQ Client Specification New York Stock Exchange / Intercontinental Exchange · official exchange
Supports: preferred label, short definition, technical definition
Limits: Product-specific and licensed; it does not create universal eligibility, repair, imputation, tolerance, or aggregation rules.
- Fintech Builder Glossary Definition Contract The Fintech Builder · internal governed contract
Supports: variant distinction
Limits: Defines governed platform behavior rather than claiming these policies are universally prescribed by external McClellan methodology.
- Reviewed by
- Islam Baraka
- Last reviewed
- 2026-07-26
- Next review
- 2027-07-26
- Record status
- published