Topic: how do we calculate "24 hour trading volume" (Read 4484 times)
ranking coin based on volume and crypto related news https://coin24hours.com
24 hour volume is the total volume of buys or sells (orders that are filled whether it is buy order or sell order) and for bitcoin or altcoins since the market is 24/7 you add back to 24 hours.
this means if time now is 10 AM you add all the volumes up to 10 AM yesterday. and when time now is 3 PM you add back to 3 PM yesterday.
but for other markets that close at a specific time like stocks market you say the total of volume in one day from open to close.
and no if you transfer (withdraw) bitcoin or altcoin from exchange A to B it is not "trade volume"
this means if time now is 10 AM you add all the volumes up to 10 AM yesterday. and when time now is 3 PM you add back to 3 PM yesterday.
but for other markets that close at a specific time like stocks market you say the total of volume in one day from open to close.
and no if you transfer (withdraw) bitcoin or altcoin from exchange A to B it is not "trade volume"
Okay it's not that complex as it sounds to calculate. I thought they consider all the volume coming from trades as well as exchanges. But isn't that still volume which is getting added to the receiving exchanger site? Then where is it calculated as they got added up with those extra funds from different exchanger. There has to be a formula to either consider this volume or neglect the same.
24 hour volume is the total volume of buys or sells (orders that are filled whether it is buy order or sell order) and for bitcoin or altcoins since the market is 24/7 you add back to 24 hours.
this means if time now is 10 AM you add all the volumes up to 10 AM yesterday. and when time now is 3 PM you add back to 3 PM yesterday.
but for other markets that close at a specific time like stocks market you say the total of volume in one day from open to close.
and no if you transfer (withdraw) bitcoin or altcoin from exchange A to B it is not "trade volume"
this means if time now is 10 AM you add all the volumes up to 10 AM yesterday. and when time now is 3 PM you add back to 3 PM yesterday.
but for other markets that close at a specific time like stocks market you say the total of volume in one day from open to close.
and no if you transfer (withdraw) bitcoin or altcoin from exchange A to B it is not "trade volume"
Okay it's not that complex as it sounds to calculate. I thought they consider all the volume coming from trades as well as exchanges. But isn't that still volume which is getting added to the receiving exchanger site? Then where is it calculated as they got added up with those extra funds from different exchanger. There has to be a formula to either consider this volume or neglect the same.
If you want more detail and useful with any time frame under 48 hours, I recommend you should use @Digubot in telegram created by DigiByte. I used this bot and very like it, not just calculate trading volume, you can check the price, chart, fibb ... from this bot.
Is it possible to get monthly trading volumes by exchange? Also to get the hourly distribution of trading volume by exchange within 24 h?
coinmarketcap provides only 24 h statistics...
http://coinmarketcap.com/exchanges/volume/24-hour/
coinmarketcap provides only 24 h statistics...
http://coinmarketcap.com/exchanges/volume/24-hour/
go to those exchange websites directly and open the market which you like to see its volume (like BTC_USD) and change the charts to daily and move your mouse on top of the candles. they usually show the volume on top. this is 24 hour volume and each candle represent 1 day.
if you want a more accurate and faster way use their API, it may require some programming knowledge but also you can simply open the link in a browser too.
What you said is right! I think is the overall coins transactions within twenty four hours. The volume may be in favour of selling of or buying up. The professional interpret the coins volume and buy or sell their coins accordingly. In other for use not to break your head the system calculate everything for you.
Is it possible to get monthly trading volumes by exchange? Also to get the hourly distribution of trading volume by exchange within 24 h?
coinmarketcap provides only 24 h statistics...
http://coinmarketcap.com/exchanges/volume/24-hour/
coinmarketcap provides only 24 h statistics...
http://coinmarketcap.com/exchanges/volume/24-hour/
24 hour volume is the total volume of buys or sells (orders that are filled whether it is buy order or sell order) and for bitcoin or altcoins since the market is 24/7 you add back to 24 hours.
this means if time now is 10 AM you add all the volumes up to 10 AM yesterday. and when time now is 3 PM you add back to 3 PM yesterday.
but for other markets that close at a specific time like stocks market you say the total of volume in one day from open to close.
and no if you transfer (withdraw) bitcoin or altcoin from exchange A to B it is not "trade volume"
this means if time now is 10 AM you add all the volumes up to 10 AM yesterday. and when time now is 3 PM you add back to 3 PM yesterday.
but for other markets that close at a specific time like stocks market you say the total of volume in one day from open to close.
and no if you transfer (withdraw) bitcoin or altcoin from exchange A to B it is not "trade volume"
Appreciate.
Why is transfer from A to B exchange not considered a trade volume, since it's different address and hence are viewed as different "entity".
as X-ray explained it is because that number is called "trade volume" when you transfer from A to B you are not trading you are withdrawing your crypto currency from one address to another. you can say it is because that is a different address.
24 hour volume is the total volume of buys or sells (orders that are filled whether it is buy order or sell order) and for bitcoin or altcoins since the market is 24/7 you add back to 24 hours.
this means if time now is 10 AM you add all the volumes up to 10 AM yesterday. and when time now is 3 PM you add back to 3 PM yesterday.
but for other markets that close at a specific time like stocks market you say the total of volume in one day from open to close.
and no if you transfer (withdraw) bitcoin or altcoin from exchange A to B it is not "trade volume"
this means if time now is 10 AM you add all the volumes up to 10 AM yesterday. and when time now is 3 PM you add back to 3 PM yesterday.
but for other markets that close at a specific time like stocks market you say the total of volume in one day from open to close.
and no if you transfer (withdraw) bitcoin or altcoin from exchange A to B it is not "trade volume"
Appreciate.
Why is transfer from A to B exchange not considered a trade volume, since it's different address and hence are viewed as different "entity".
24 hour volume is the total volume of buys or sells (orders that are filled whether it is buy order or sell order) and for bitcoin or altcoins since the market is 24/7 you add back to 24 hours.
this means if time now is 10 AM you add all the volumes up to 10 AM yesterday. and when time now is 3 PM you add back to 3 PM yesterday.
but for other markets that close at a specific time like stocks market you say the total of volume in one day from open to close.
and no if you transfer (withdraw) bitcoin or altcoin from exchange A to B it is not "trade volume"
this means if time now is 10 AM you add all the volumes up to 10 AM yesterday. and when time now is 3 PM you add back to 3 PM yesterday.
but for other markets that close at a specific time like stocks market you say the total of volume in one day from open to close.
and no if you transfer (withdraw) bitcoin or altcoin from exchange A to B it is not "trade volume"
Appreciate.
Why is transfer from A to B exchange not considered a trade volume, since it's different address and hence are viewed as different "entity".
24 hour volume is the total volume of buys or sells (orders that are filled whether it is buy order or sell order) and for bitcoin or altcoins since the market is 24/7 you add back to 24 hours.
this means if time now is 10 AM you add all the volumes up to 10 AM yesterday. and when time now is 3 PM you add back to 3 PM yesterday.
but for other markets that close at a specific time like stocks market you say the total of volume in one day from open to close.
and no if you transfer (withdraw) bitcoin or altcoin from exchange A to B it is not "trade volume"
this means if time now is 10 AM you add all the volumes up to 10 AM yesterday. and when time now is 3 PM you add back to 3 PM yesterday.
but for other markets that close at a specific time like stocks market you say the total of volume in one day from open to close.
and no if you transfer (withdraw) bitcoin or altcoin from exchange A to B it is not "trade volume"
And also if I transfer from A exchange towards B exchange that will certainly be counted in the volume.
In my perception, 24 hours volumes just present the active amount in the bitcoin ecosystem. Yeah, that's including in the volume.
http://coinmarketcap.com/currencies/bitcoin/#markets
For example according to coinmarketcap.com, BTC's 24 hour trading volume is just north of $300 mil ($323,164,000). Is this calculate from the ledger where BTC change hands / ownerships, which means that it is 100% accurate?
And also if I transfer from A exchange towards B exchange that will certainly be counted in the volume.
Thanks guys
And also if I transfer from A exchange towards B exchange that will certainly be counted in the volume.
Thanks guys
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