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Smart Volume Divergence!

  • #141
  • Apr 25, 2019 2:16am Apr 25, 2019 2:16am
Quoting aaven
{quote} Heispark, From the charts seen, the gist is we are better off using real volume wherever possible as suggested by Bamboopips? Thanks
My understanding is currency futures market is a subset of cash market. It doesn't necessarily mean it represents 'real' volume IMHO. Cash market is much much bigger than currency futures traded in CME exchange... Make sense?
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #142
  • Apr 25, 2019 2:48am Apr 25, 2019 2:48am
I m interested to code but only for MT4...i just could focus my power on few things....just tell me if you guys here are interested....
Vucking good EA coder... https://t.ly/AZjRM
  • #143
  • Apr 25, 2019 3:02am Apr 25, 2019 3:02am
We need you here reteid. Go ahead, please.
  • #144
  • Apr 25, 2019 3:04am Apr 25, 2019 3:04am
Quoting heispark
{quote} My understanding is currency futures market is a subset of cash market. It doesn't necessarily mean it represents 'real' volume IMHO. Cash market is much much bigger than currency futures traded in CME exchange... Make sense?
Heispark,

Thanks for responding. This is what i understand:

1. Cash Market Bigger Than Currency Futures.
2. Volume in Currency Futures is centralized? I mean whatever volume information we get is accurate with respect to currency futures.
3. Retailer doesn't have access to the true volume of Cash Market {other than paid vendors} and is confined to using the tick volume offered by Broker.

So, what is your take on trading currency futures vs Spot Forex for the strategy.

Thanks
  • #145
  • Apr 25, 2019 3:17am Apr 25, 2019 3:17am
Quoting reteid2222
I m interested to code but only for MT4...i just could focus my power on few things....just tell me if you guys here are interested....
Yes please
Your help will be appreciated
  • #146
  • Apr 25, 2019 3:20am Apr 25, 2019 3:20am
Quoting aaven
{quote} Heispark, Thanks for responding. This is what i understand: 1. Cash Market Bigger Than Currency Futures. 2. Volume in Currency Futures is centralized? I mean whatever volume information we get is accurate with respect to currency futures. 3. Retailer doesn't have access to the true volume of Cash Market {other than paid vendors} and is confined to using the tick volume offered by Broker. So, what is your take on trading currency futures vs Spot Forex for the strategy. Thanks
IMHO, if you're interested in this strategy, you may want to trade CME futures of major commodities or equity indices rather than forex or currency futures. (Or, you can just refer to futures charts and trade CFD products instead). The accuracy of volume data is a critical part of this strategy. (You never can get accurate volume data in currency trading.) If I want to use this strategy to forex or currency futures, I'd like to use it as additional confirmation tool to my strategy rather than an independent strategy....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #147
  • Apr 25, 2019 3:59am Apr 25, 2019 3:59am
Quoting heispark
{quote} IMHO, if you're interested in this strategy, you may want to trade CME futures of major commodities or equity indices rather than forex or currency futures. (Or, you can just refer to futures charts and trade CFD products instead). The accuracy of volume data is a critical part of this strategy. (You never can get accurate volume data in currency trading.) If I want to use this strategy to forex or currency futures, I'd like to use it as additional confirmation tool to my strategy rather than an independent strategy.... ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #148
  • Apr 25, 2019 4:18am Apr 25, 2019 4:18am
Quoting heispark
{quote} IMHO, if you're interested in this strategy, you may want to trade CME futures of major commodities or equity indices rather than forex or currency futures. (Or, you can just refer to futures charts and trade CFD products instead). The accuracy of volume data is a critical part of this strategy. (You never can get accurate volume data in currency trading.) If I want to use this strategy to forex or currency futures, I'd like to use it as additional confirmation tool to my strategy rather than an independent strategy.... ...
The way futures volume & T&S is served through the feeds now (consolidated, aggregated) even the volume you receive there is not really accurate. I think the only raw feed left is from DTN (IQFeed). With cqg my tick to real volume does not differ alot in representation (delta or cumulative).
  • #149
  • Apr 25, 2019 4:28am Apr 25, 2019 4:28am
Quoting sakisf
{quote} The way futures volume & T&S is served through the feeds now (consolidated, aggregated) even the volume you receive there is not really accurate. I think the only raw feed left is from DTN (IQFeed). With cqg my tick to real volume does not differ alot in representation (delta or cumulative).
Thank you for the information. Yes, serious traders would prefer CQG to TDA.......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #150
  • Apr 25, 2019 4:32am Apr 25, 2019 4:32am
Quoting reteid2222
I m interested to code but only for MT4...i just could focus my power on few things....just tell me if you guys here are interested....
Hi! Many thanks for the reply!
Of course we have interest for MT4.
As I said the strategy works well in MT4 even with tick charts.
You just have to select a good time frame and a good time of the day to trade.
And a good EA with some exit options would be extremely good for us all.
I know that the conventional trigguer is the heiken ashi candle turn in agreement to the trend, but if you could
add a option to enter with a good pinbar or complete engulfing candle would be very positive too.
Because when we have a Pinbar and the conditions are in place its a very good oportunity to enter sooner in the trade and get a very good R.R.
Thanks for attention and good trades.
  • #151
  • Apr 25, 2019 5:05am Apr 25, 2019 5:05am
Quoting sakisf
{quote} The way futures volume & T&S is served through the feeds now (consolidated, aggregated) even the volume you receive there is not really accurate. I think the only raw feed left is from DTN (IQFeed). With cqg my tick to real volume does not differ alot in representation (delta or cumulative).
Sakisf,

I am able to search and read more on the others, but What is T&S?

Thanks
  • #152
  • Apr 25, 2019 5:30am Apr 25, 2019 5:30am
Quoting aaven
{quote} Sakisf, I am able to search and read more on the others, but What is T&S? Thanks
Time & Sales
https://www.investopedia.com/terms/t/time-and-sales.asp
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #153
  • Apr 25, 2019 6:00am Apr 25, 2019 6:00am
If people (like me) for this strategy, don't want heiken ashi candles, here is an indicator that shows if the heiken ashi candle is bullish or bearish. So you can see the normal candles on your chart.

Greetz, TheJube.
Attached File(s)
File Type: ex4 Heiken Ashi-Tape.ex4   11 KB | 676 downloads
File Type: mq4 Heiken Ashi-Tape.mq4   3 KB | 762 downloads
  • #154
  • Apr 25, 2019 6:03am Apr 25, 2019 6:03am
Quoting heispark
{quote} Time & Sales https://www.investopedia.com/terms/t/time-and-sales.asp
Thanks Justin...
  • #155
  • Apr 25, 2019 10:09am Apr 25, 2019 10:09am
Hi! Many thanks for the reply!
Of course we have interest for MT4.
As I said the strategy works well in MT4 even with tick charts.
You just have to select a good time frame and a good time of the day to trade.
And a good EA with some exit options would be extremely good for us all.
I know that the conventional trigguer is the heiken ashi candle turn in agreement to the trend, but if you could
add a option to enter with a good pinbar or complete engulfing candle would be very positive too.
Because when we have a Pinbar and the conditions are in place its a very good oportunity to enter sooner in the trade and get a very good R.R.
Thanks for attention and good trades


its OGT price indicator for pin bar inside bar engulfing bar marobuzo ........................
Attached File(s)
File Type: ex4 OGT Price Action Indicator v1.3.ex4   47 KB | 735 downloads
Sanaullah
  • #156
  • Apr 26, 2019 2:48am Apr 26, 2019 2:48am
Can we add push alerts please?
  • #157
  • Apr 30, 2019 5:31am Apr 30, 2019 5:31am
GOOD Stuff
  • #158
  • May 2, 2019 1:12pm May 2, 2019 1:12pm
I want to thank those who have contributed to this discussion. I liked what I've read.

on a side note -- I saw the reference to AmiBroker. I used to use that a long time ago -- anyone that can cross-program from AmiBroker to MT4 - Please PM me -- Greatly Appreciated!!!!
  • #159
  • May 4, 2019 7:32am May 4, 2019 7:32am
Hi guys!

Please, anybody trying that strategy? I see big potential in this strategy. But while i was testing it i met with two problems.

1. When initiate the trade? In the rules of strategy somewhere in beggining there is written that after second candle will break "trigger" candle. Please, are you going to trade after this breaking candle is closed or not? Please, see example.

2. How to setup the SL and TP. I know in the rules of the stretegy there is written that SL is in the nearest swing and TP will be 1:1 or bigger. But, in this case, sometimes our move is not so strong and will go back to SL.

Thank you very much for the answer. I think that with joint of effort we should make from that strategy great trading tool.


Have a nice day
Attached Image (click to enlarge)
Click to Enlarge Name: trigger.jpg Size: 131 KB
  • #160
  • May 5, 2019 7:34pm May 5, 2019 7:34pm
This is a great signal, when price and volume go in the same direction the signals have a great potential.
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-05-05 NZD-USD H4.png Size: 36 KB
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