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-   -   Volume for indices, tick and the exchange derived volume (https://www.forexfactory.com/showthread.php?t=842030)

2be Oct 31, 2018 12:27pm | Post# 1

Volume for indices, tick and the exchange derived volume
 
Using volume alongside with the bar chart is important if not absolutely vital for traders (VSA).

In my experience volume has become very important, and here lies an area of further research, even purely on technical level, as simple as where, or which platform and charting software provides a reliable volume (real volume as opposed of tick volume) data.

I know that for Forex, there is only tick volume that is available.

Indices, and I trade DAX and DOW, but generally indices volume data is available, apart from a tick volume like on MT4.

Currently I use IG Proreral charting, but would like another source to compare.
I also use MT4, but find tick volume on MT4 less useful, especially on shorter TFs as the Proreal volume.

I would be grateful for comments on that subject, especially as to which platforms and charting software provide a good and reliable volume data, including a live volume data which can be utilised on shorter TFs as well as on loner TFs.

My intention is to sharpen my perspective on that subject, please forgive me if you find this to be too basic.

Many thanks to all that are willing to contribute on this tread!

Best wishes to all,

2be

yg10 Nov 1, 2018 10:01pm | Post# 2

I check CME site daily for volume and open interest of futures.

I do not think that forex broker's volume makes much sense.

All stocks/futures datafeeds and charting software include volume.

2be Nov 4, 2018 12:29pm | Post# 3

Tkanks yg10
There is a lot of data and useful information on CME site.
I also have been using Finviz and their map.
It is encouraging to read that you find that data useful.

freemind Nov 6, 2018 5:05am | Post# 4

Your wasting your time with VSA in any spot/otc market. Just use the corresponding CME contract for whatever USD pair your trading.
actually research says that there is ~95% correlation between tick volume and futures volume. If you are good VSA trader than FX volume can be enough, but it depends on the broker you use.
https://paracurve.com/2018/10/volume...r-useless.html

https://1gwmg92knzm144jnudkuixvv-wpe...e-r2-paper.pdf

2be Nov 22, 2018 3:25pm | Post# 5

I check CME site daily for volume and open interest of futures. I do not think that forex broker's volume makes much sense. All stocks/futures datafeeds and charting software include volume.
I am interested in ProRealTime charting software with a direct data feed from CBOT to get E-mini DOW Jones with the order book. Such arrangement is likely to be totally independent and data feed not contaminated by a broker or MM, it is also not linked to IG, IB or any other broker.
There are possibilities to get real data feed from other exchanges, according to the demands of traded instrument/s.
Has anybody got some experience with that provider. More info available from PRT site.
Please feel free to PM me if not happy sharing on this thread.
2be


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