As we know Total buy/sell qty is useless as it will create a fake signals.
Is there any possible way to find real volume in market depth, especially for options ?
How to calculate volume from 5 bid qty and 5 ask qty/orders?
Can we consider bid/ask quantity as volume ? I am stuck at analyzing volume; in fact, what we see bid ask quantity is a limit order or pending order. As per my studies, the limit order can’t push up the price.
The term volume means which is already traded.So, bid/ask quantity is not volume till it is traded.
And there is nothing as such called real volume.
You are right. limit orders can’t push price, they are just price takers. Maybe you should study volume profile and market profile which discuss more about these things.