Now I know there's no way to figure out true volume in the forex market due to its size and lack of regulation.
But would it be just as good to do relative volume vs absolute volume?
Examples I have in mind include
1. Looking at actual volume of a broker. Since we all follow price charts from a broker anyway, why not look at the volume behind that tick taht could possibly be relatively equal strength/weakness from the true forex volume
2. Using average volume. Putting moving average on a volume data from a broker would give another insight into what the overall forex market is doing.
just my thoughts how to overcome this volume issue. Would like to hear other's opinions
But would it be just as good to do relative volume vs absolute volume?
Examples I have in mind include
1. Looking at actual volume of a broker. Since we all follow price charts from a broker anyway, why not look at the volume behind that tick taht could possibly be relatively equal strength/weakness from the true forex volume
2. Using average volume. Putting moving average on a volume data from a broker would give another insight into what the overall forex market is doing.
just my thoughts how to overcome this volume issue. Would like to hear other's opinions
Working towards CME membership