Hi,
Everyone knows that at forex isn't possible to get clear, reliable source of real volume.
I'm trying to solve it using tick volume. Does it makes sense? Is "only" sum of ticks.
1. On centralized markets, company's trade volume is visible as determined quantity. In case of tick volume, we see only activity of volatility and it determines that always big candles means big volatility. On the real stock market it isn't always true. Sometimes big candles are formed at low volume (lack of liquidity).
As a result, I have impression that tick volume isn't nothing more than toy like RSI ect.
2. If not tick volume, what then? Let say that liquid provider gives smart part of real volume. Is always better than nothing... But incomplete information may be worse than lack of information.
I've spent almost week build some conceptions based on tick volume and after that I feel like men building castles on sands.
Maybe someone has bigger experience with using tick volume (or any other reliable substitute of real volume) and can tell me own point of view?
"Pure" technical analysis doesn't provide any "countable" informations about market sentiment. Volume can do this.
Everyone knows that at forex isn't possible to get clear, reliable source of real volume.
I'm trying to solve it using tick volume. Does it makes sense? Is "only" sum of ticks.
1. On centralized markets, company's trade volume is visible as determined quantity. In case of tick volume, we see only activity of volatility and it determines that always big candles means big volatility. On the real stock market it isn't always true. Sometimes big candles are formed at low volume (lack of liquidity).
As a result, I have impression that tick volume isn't nothing more than toy like RSI ect.
2. If not tick volume, what then? Let say that liquid provider gives smart part of real volume. Is always better than nothing... But incomplete information may be worse than lack of information.
I've spent almost week build some conceptions based on tick volume and after that I feel like men building castles on sands.
Maybe someone has bigger experience with using tick volume (or any other reliable substitute of real volume) and can tell me own point of view?
"Pure" technical analysis doesn't provide any "countable" informations about market sentiment. Volume can do this.