I feel the need to step in here.
Volume is true in Currency (forex) futures, but in spot forex, that most people here trade it is not the case.
Spot forex is NOT a centralised market! Therefore the volume you see on your platform is your broker volume not the whole market volume.
With equities and futures you can see the whole market volume , giving you a true picture.
So are we saying that we need to have a volume indicator to indicate institutional involvement or did Red get it wrong for all those years.
In closing, stop trying to reinvent the wheel...AGAIN AND AGAIN!
W
Volume is true in Currency (forex) futures, but in spot forex, that most people here trade it is not the case.
Spot forex is NOT a centralised market! Therefore the volume you see on your platform is your broker volume not the whole market volume.
With equities and futures you can see the whole market volume , giving you a true picture.
So are we saying that we need to have a volume indicator to indicate institutional involvement or did Red get it wrong for all those years.
In closing, stop trying to reinvent the wheel...AGAIN AND AGAIN!
W
I need to finish something i started