Hey...what about Volume?

I think this is tick volume, thanks for your input I will look into delta ratios ?

I'm unsure if you understand but just to be safe...Delta Volume = buying volume-selling volume. What ever is left over is "delta"...I don't know why they termed it that way, its just what they call it.

Example on a 30 min candle:

1. Buying volume is 100 shares (units)
2. Selling Volume is 120 shares (units)
3. Delta volume is 20 shares net (selling)

This is independent of how the candle forms or finished.
Hope this helps.

This is the volume for bitcoin on tradingview I think this is dollars trading at the time of overall volume, I don't think it's delta

I really can't tell from this screen shot... you will need to ask your broker or find an aftermarket indicator. I've never seen or used "Tradingview"

Hey DonPato you mentioned earlier that you no longer use Oanda as your data provider. I'm currently looking for a broker and was curious who you use and if you could expand on the Oanda comment as I was considering them.

Again, when I started this thread I was looking for a way to "translate" what I am doing in futures onto FX. Part of that was a proprietary method of using delta volume which I have been very transparent with here. Part of any platform or broker is the quality of the data you are looking at. As well it has to fit your needs.

My needs are quite simple but very rigid. Pricing must be transparent and use small spreads with no dealing desk. Historical data must be provided by overall market and not just the individual platform or liquidity providers. This data includes volume data. Finally, the daily and all charts that stem from them (i.e. intraday charts) must be based on a NY close, which is the close of business in NY (17:00 Eastern).

Oanda did not meet those requirements. In addition, I found that there availability of trading platforms was limited to either their in house platform, which was shown several times here on this thread, or Metatrader. I do NOT want to EVER use metatrader again....EVER!

This is just my opinion, but anyone that offers Metatrader as a platform is looking to rip you off and that platform makes it easy to do. I know, I know, its free and there are many other indicators out there written for MT4 & MT5...blah, blah, blah...in my opinion, (and its just my opinion) The metatrader platform is like placing a frog in a kettle in cold water...then slowly heating the water bit by bit. Eventually the frog dies without ever leaving the water, because he's become accustomed to it. 'nuff said?

I currently use a relative new data provider that I am still evaluating but seems to be worth it so far, and I have been able to use it with some success...cTrader. I find the platform is easy to use and has a great deal more flexibility no matter which time frames you chose to use. Your broker is your decision...I will leave that to you, but brokers and data providers are different animals. I strongly suggest you chose them independently. A business (Like e-signal for example) is only selling you the data feed and it is in their best interest to give you the best and quickest feed available. They don't care how you use it just as long as you pay the monthly fee.

On the other hand, a broker that also provides a data feed has a proprietorial interest in give you data that will entice you to make decisions inline with THEIR business model...not necessarily yours. IMHO there is an explicit conflict of interest to get your data from the same broker that can "see" where you take your positions, and knows it is based on what they quote and how that quote appears on the typical chart. Not to mention that most of their servers can also "see" the indicators you are running and can manipulate the data just enough to make your method signal a particular way. This is especially true with Metatrader. Ever wonder if the market can "see" your stop? Well the market probably doesn't care, but your broker sure does.

Take my advise...do your research...investigate you broker...don't ask me or others (on a public forum) who they use...anyone who makes a "strong" recommendation is most likely a "shill". Yes, this takes time, and effort, and forces you to have uncomfortable conversations with the morons that answer the "chat" lines. Most of them don't know what a pip is. You will need to speak with someone at these agencies that actually knows about markets, trading, transaction fees, slippage...etc. Find out who or where their clearing house is...if they say it is "in house"...run and don't look back.

It is not for me to say or recommend a broker...it is for you to investigate and make your own informed (or uninformed) decision as you see fit. I am still evaluating cTrader as a data provider, but so far I find them acceptable.

Thanks just another item on my research list.

good volume indicator no-repaint
also sends buying and selling signals too
goodluck

How about a screenshot for those of us who don't have mt4

Could you please explain the logic behind the indicator ? To correctly use an indicator one needs to understand its logic.

Must Find the right broker to use volume,In first image that's my buy signal, but in second image signal is invalid

Update on EUR/JPY short:

While order flow has changed to a balanced state from a dominant buying state, its starting to look like buying is resuming, however weak it may be. Volume has been steadily falling, yet no one seems interested in selling at this level...just me.

I will tighten stop down to today's high to reduce the risk down to about 30 pips or so, and let the chips fall where they may. I'm trying to give this trade every chance, but it doesn't look like the response I was anticipating.

I just met with a Forex Trader with 15 YRs experience and he enlightened me that he uses volume as the key indicator for trades.
- He buys the tick data from his Broker.
- He paid a mathematician to take that data, down to the Minutes and Seconds... and he has his own method to identify where the Banks are injecting cash/withdrawing cash. Recognize that an injection often is preceded by first pushing the price down, stopping out traders, so that they can inject their cash into the market.
- He takes these price points on a given currency, and he places trades above/below these price points OR he sets alerts at these price points.
He then waits and lets the trades come to him. Some days he is very busy, some days are very slow.


He attempts to get into these moves very early...
Can Volume Oscillators be precise enough to get you in at nearly the same time frame?
Can You simply search for Volume Oscillation that increases a certain % be your trigger? Can you auto trade this on 5 currencies with a robot?

I think that one of the main arguments for using tick volume (aka forex volume) is that we are mainly interested in relative volume (i.e. relations among bars, for example spread of high volume bars and low volume bars on the chart) and not the absolute volume (number of "something" (contracts) executed). And it means that in some cases both volumes can be even completely uncorrelated BUT - the relations o both charts are similar or even the same. Because it is the relation that counts, not the absolute value: we have climax volumes followed by "no demands" or "no supplys" so the picture of the forces shaping the market atre similar or the same. Hope my English is understandable. The second point is far simpler, if it works then it works, no one can deny...

(((1))) Do you know wherefrom he buys the data? Which broker/datafeed service?

(((2))) here you describe certain manipulation mechanism, push to stops (increased volume) then entry (increased volume). If he has a good data feed also I would expect that certain manipulational mechanisms/setups are executed before the main move as the institutions pushing volumes through the markets buying also in downtrends before reversal (yes, due to large volumes they have) and this also can be spotted.

(((3))) Yes, I believe yes, these an be spotted even without volume (certain market structures) see exhaustion pattern described here by the thread starter.

(((4))) No, only the changes in volume cant, would be unreliable (in my humble opinion), however if I would have good "level vol data" I could see if we can withdraw the pattern I know from the volume alone. It might be done, however it would require a lot o work, so this work need to be justified (for example excellent results of your friend might justify the research).

(((5))) Depends on result from (((4))), the answer might be yes, and not only for 5 pairs but for 30 plus indices, commodities etc. However this challenge is rather large, I can explain why if you wish and what to do instead to have results sooner.

The indicator is at the bottom of the chart (histogram with arrows - I put there three yellow arrows to point at the indi's signals).

On first sight might be useful when paired with a couple of MAS or Hull Averages to show trend, green ones are false signals in a downtrend so should be filtered.

The arrows on the main screen (white, yellow and red) come from my volume indicator, I am trying to make it better (I aim to have an indi showing me the end of a correction with good reliability and precision, and then to build a scanner showing the ends of corrections in 30 pairs).

Added 200 period HMA and it filters out all buy signals leaving only sells. I think this is a main direction that the creator of this indi might pursue, eventually I would add something showing the strength of a trend or it's "smoothness" or the angle (slope) of this curve.

I agree with you and I also disagree with you...how's THAT for a start. Relationships between volume numbers and price reactions are where we find patterns in the behavior behind the order flow...in that we both agree but absolute numbers do matter also as do the very significant differences between tick volume and actual volume...a quick example:

1. Two transactions are registered in the market: (1) one Sell and (2) one buy. The sell has taken a $100,000 position, while the buy has taken a $900,000 position.
2. While they both count as one tick down, followed by one tick up...I'm sure you would agree that the larger position has a much greater influence on price and would thus create upward pressure on price movement.

Lets look at this another way:

1. 9 transactions are registered in the market, all of them sells of $100,000 the ticks show 9 sells, yet price goes nowhere...because the $900,000 was a pending order sitting at a certain level and was counter party to all that selling and it "absorbed" all those sells. The tick volume shows a 9 sells and zero buys...yet price will rise because no selling is left to push price lower...

While the relationship to volume is important, because the buying volume is far greater than the selling volume (in these two instances), the absolute value of buys to sells is also just as important and not all tick volume in the market is registered as "true" volume...where when you are actually measuring the size of transactions, this will show up clearly.

Once again, we come back to the fact that ALL we have to work with in FX is tick volume, thus we must be able to recognize the underlying structure and how that effects price movement, while always....always keeping in mind that price movement is the RESULT not the cause of the underlying structure.

Again, price moves because, of order flow/volume/time relationship...not the other way around.

I guess this would greatly depend on the logic used in calculating this indicator...but from what I've seen available from some very intelligent minds...I highly doubt it.
I'm not sure what you mean by "volume oscillation"...if you mean larger volume number one day followed by small volume the next day...I find it ver difficult to place limits on the market by stating a x% of volume difference = y trigger (buy or sell), the market just doesn't work that way. Those kinds of visual patterns do appear by coincidence but you must learn to recognize the phases of exhaustion and order flow or you will be very disappointed in the results.
I've not been smart enough to find a way to do it. Admittedly I'm not a programmer, and with new advances in AI I imagine it might be more possible now than before. I have always found it difficult to write the literally thousands of lines of code required to do what the human brain does in a nano second, especially when evaluating market interaction.

Perfect answer!

Do you have actual tick-trade-volume (amount traded) data as described in Forex? (However I foresee the problem that it would be at one broker only).

From time to time I see that I should go back to the futures contracts witj all levels/vol reliable and available.