tick average

hi frnds,

I want to know what the tick average line in trade tiger actually is and how to interpret it.

I have asked this question before but have not got any reply.
seniors who use trade tiger kindly help me.

I hope the people behind this site take the trouble to answer any unanswered questions of which there are many....unfortunately they only seem to be interested in posting ads and making money.

regards,

newbie_7

newbie

From what I've understood, it is average traded price

Formula is
Sum of (quantity times price ) / Sum of quantity

Simplified Example

Say a share got sold in following order

9:15 AM 1000 qty at 100 rs
9:20 AM 1 qty at 120 rs

Last traded price has to show 120 but tick price will be 100.01

(1000 * 100 + 1 * 120) / (1000 + 1) = 100.01