Real Volume Indicator | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Real Volume Indicator
Exit Attachments

Real Volume Indicator

  • #21
  • Edited 8:28pm Feb 15, 2015 11:03am | Edited 8:28pm
Use FXCM platform + better volume indicator available at fxcode base.

It's tick volumes, but the best one.
  • #22
  • Feb 16, 2015 12:45pm Feb 16, 2015 12:45pm
Quoting MaximeCau
Use FXCM platform + better volume indicator available at fxcode base. It's tick volumes, but the best one.
you missed the point.
Volume =/= trader's positions
Real volume =/= tick volume

tick volume is literally meaningless.
i lose money for a living
  • #23
  • Feb 16, 2015 1:28pm Feb 16, 2015 1:28pm
Quoting tylerbose
{quote} you missed the point. Volume =/= trader's positions Real volume =/= tick volume tick volume is literally meaningless.
Agree to disagree, tick volume shows the velocity of the market, IMO at key points that can be more telling then pretty much any other way to determine if the market is gonna breakout or reverse
Learn, a forex trader must, unlearn and relearn he will.
  • #24
  • Feb 16, 2015 3:40pm Feb 16, 2015 3:40pm
Quoting tylerbose
{quote} you missed the point. Volume =/= trader's positions Real volume =/= tick volume tick volume is literally meaningless.
Not necessarily meaningless,

tick volume with candle stick patterns are pretty damn powerful.
it takes a while to understand and use it in trading though.
  • #25
  • Edited 4:05pm Feb 16, 2015 3:54pm | Edited 4:05pm
Quoting COGSx86
{quote} Agree to disagree, tick volume shows the velocity of the market...
the amount of tick data per second are different from broker to broker and are in no way a reflection of the market status. it just means that some broker refresh their price feed more often then others, thats it.

at best it would only mean that there is more trading activity but thats only valid for your broker/LP (the forex market is decentralized).
i lose money for a living
  • #26
  • Feb 16, 2015 4:13pm Feb 16, 2015 4:13pm
Quoting tylerbose
{quote} the amount of tick data per second are different from broker to broker and are in no way a reflection of the market status. it just means that some broker refresh their price feed more often then others, thats it. at best it would only mean that there is more trading activity but thats only valid for your broker/LP (the forex market is decentralized).
Or said different the rate at which the market changes
Learn, a forex trader must, unlearn and relearn he will.
  • #27
  • Edited 6:45am Feb 17, 2015 6:19am | Edited 6:45am
Studies show that tick/real volumes correlation is 90%

I've myself compared tick volumes with forex futures volumes... They are close to be identical...

Since quotes come from interbank, ticks represent the global activity, not only the one of your broker. For sure the best one come from the most important brokers and you need a good platform... MT4 one are not very good.

My own trading strategy is based on tick volumes and is very profitable. We can understand every single move in the market.
  • #28
  • Feb 17, 2015 7:35am Feb 17, 2015 7:35am
Hi MaximeCau:
Can you share your skills on how you are very profitable reading tick volume?
Thanks in advance
  • #29
  • Feb 17, 2015 8:08am Feb 17, 2015 8:08am
Quoting AlbertoFX
Hi MaximeCau: Can you sharehttp://cdncache-a.akamaihd.net/items...rrow-10x10.png your skills on how you are very profitable reading tick volume? Thanks in advance

This is a trade I just made, from tick volume, Price was channelling, but OBV told me there was alot of strength that showed buyers out numbering the sellers. When price broke below the channel I shorted it, but once I seen the strong pull back and accumulation of positive volume I went Long. Also considering we are moving closer to the US markets (DOW+S&P opening) and no big news events. Money flowing into the USD
Funny this just happened.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY2.png Size: 77 KB
Learn, a forex trader must, unlearn and relearn he will.
  • #30
  • Feb 17, 2015 8:17am Feb 17, 2015 8:17am
update:
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy3.png Size: 52 KB
Learn, a forex trader must, unlearn and relearn he will.
  • #31
  • Feb 17, 2015 9:26am Feb 17, 2015 9:26am
Quoting AlbertoFX
Hi MaximeCau: Can you share your skills on how you are very profitable reading tick volume? Thanks in advance
This is the Wyckoff method: use charting for prices objectives and read volumes to know which support to buy and which resistance to sell.

I use the better volume indicator which highlight climax in volumes with the prices' spread :
white color : selling climax
red color :buying climax
purple : high volume churn
green : volume churn
yellow : low volumes

Each colors has different meaning depending on the context, which is done by charting... You need to practice before mastering this.

Example : GBPUSD, 15 minutes timeframe
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.PNG Size: 83 KB
  • #32
  • Feb 17, 2015 9:39am Feb 17, 2015 9:39am
Another one : EURJPY last december. 15 minutes chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.PNG Size: 318 KB
  • #33
  • Feb 17, 2015 1:38pm Feb 17, 2015 1:38pm
Quoting MaximeCau
Another one : EURJPY last december. 15 minutes chart. {image}
====================================================================
Hi MaximeCaw,
Thank you very much for your charts and explanations. Are your versions of the volume indicator for MT4? If yes, could you upload the source code please? Wish you all the best!
  • #34
  • Feb 17, 2015 2:03pm Feb 17, 2015 2:03pm
Quoting scardi
{quote} ==================================================================== Hi MaximeCaw, Thank you very much for your charts and explanations. Are your versions of the volume indicator for MT4? If yes, could you upload the source code please? Wish you all the best!
Use FXCM : better platform and tick volume. You can open a demo account for free.

Here is the indicator.
Attached File(s)
File Type: rar BetVol_V3.rar   2 KB | 6,956 downloads
  • #35
  • Feb 17, 2015 5:11pm Feb 17, 2015 5:11pm
Quoting MaximeCau
{quote} Use FXCM : better platform and tick volume. You can open a demo account for free. Here is the indicator. {file}
What do you mean by "churn"
eg the green bars

Thanks very much for the indi and info!
What's it all about? It's all about money.
  • #36
  • Feb 17, 2015 5:51pm Feb 17, 2015 5:51pm
Quoting Innate
{quote} What do you mean by "churn" eg the green bars Thanks very much for the indi and info!
I'm french !

All that I know is : green bars represents the professionnal activity : high volume with relatively small spread.

The indicator has been created by that guy : http://emini-watch.com/free-stuff/volume-indicator/
  • #37
  • Feb 19, 2015 4:30pm Feb 19, 2015 4:30pm
Here is a volume-like indicator. Future volume indicator. Interesting coding.

https://www.mql5.com/en/market/product/7788

https://www.youtube.com/embed/cFpGv2juH74


https://c.mql5.com/31/48/EURUSDM5.png

https://c.mql5.com/31/48/GBPUSDH4.png
https://c.mql5.com/31/48/GBPUSDM30.png
  • #38
  • Feb 20, 2015 9:41am Feb 20, 2015 9:41am
Quoting MaximeCau
{quote} Use FXCM : better platform and tick volume. You can open a demo account for free. Here is the indicator. {file}
===================================================
Hi MaximeCau, Thank you so much for your kindness! God bless you and all french people!
  • #39
  • Edited 3:11pm Feb 20, 2015 10:32am | Edited 3:11pm
Quoting scardi
{quote} =================================================== Hi MaximeCau, Thank you so much for your kindness! God bless you and all french people!
You welcome. But I didn't create anything... The creator of this strategy is Richard Wyckoff who studied the most successul traders such as JP Morgan and wrote a book about it in the early 30'. Very difficult t find nowadays.

Thanks to this indicator and a book about Richard Wyckoff strategy, I've been able to recreate the genuine strategy spending many time in studying charts and volumes.

Remember few things : 15 minutes charts are the best, use the former structure for charting, not less than 1 hour. It can be 1 hour, 4 hours, 1 day, depending on the context. Always wait for the closure of the candle to be sure of the interpretation...

By the way, if you're interested in : this is the better volume for MT4. But once more, I prefer FXCM's ticks. Compare charts... You will see, the indicator won't show you the same thing. I was upset sometimes to loose great opportunities because volumes was not perfect....
Attached File(s)
File Type: mq4 BetterVolume 1.5 new with Alerts.mq4   7 KB | 7,336 downloads
  • #40
  • Feb 26, 2015 7:09am Feb 26, 2015 7:09am
Hey all.
I have found a nice tool to display myfxbook community outlook stats (volume, number of transactions etc.) on metatrader:
http://www.forex21.com/forex-insider/
Attached Image (click to enlarge)
Click to Enlarge Name: metatrader-myfxbook-api-indicator-screen-1.png Size: 25 KB
Almost got it or far far away. Result is the same - you didn't get it!
0 traders viewing now