I am using intellicharts and they do not have a volume indicator. I would like to try and create one myself but i do not know the formula and the variables that it consists of. Could anyone help? Thanks!
Sergiu
Sergiu
Stubbornly persistent
Question: What is the difference between Tick Volume and (true) Volume? 8 replies
Volume indicator that predicts total volume of current candle 14 replies
Does 'volume' of MT4 show the tick volume of the market? 47 replies
Better volume low volume bar alert 3 replies
volume ask volume bid 0 replies
Quoting Liquid4xDislikedVolume in forex is price volume and NOT volume traded as in number of contracts or positions.
Therefore it is useless...Ignored
Quoting BemacDislikedWhenever there is a Price Tick on your Brkrs Server, Volume increases by One.
Therefore it Counts Number of Trades FOR YOUR Brkr, Not Number of Lots.Ignored
Quoting jaguiDislikedThank You for the explanation.
I know it is not the same as number of lots, but what is important for using "volume" in forex technical analisys is the relation between "volume" readings from bar to bar. If "volume" increases together with price or not, and so on.
To this purposes, the number of trades for a broker (if the broker is not small) is as good as the real number of lots. In other markets this is the number of ticks for each bar, a misure one can use in place of number of lots and obtain almost the same results.
I understand we have different position on this subject, i did not want to argue at all, just explain my experience.Ignored