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Using volume to predict price movements

  • #61
  • Apr 28, 2022 12:46am Apr 28, 2022 12:46am
Quoting Lekkim
Time to reveal a personal touch of mine which I'm somewhat proud of. Have you ever wondered if it was possible to compare/combine data from several brokers in real time? I did and solved that. I attached this threads most beautiful pic so far, showing usdjpy today 27/04 with price/volume analysis/chart from 3 metatrader brokers at the same time. The more data you can get in every strategy, the more precise and valid will it be as well as eliminating noise and coincidences. {image}
I did this in Python.
You could see that with some brokers there were sometimes spikes, while on other brokers nothing happened... a good way to detect price manipulation/price errors
  • #62
  • Apr 28, 2022 8:31am Apr 28, 2022 8:31am
Since this theory/strategy can be applied I'm still in process of what works best, either combining different timeframes or stick only to daytrading. In general I prefer daytrading, so I'm leaning that way. The puzzle should soon be put together. I decided not to make new experiment on demo account, it shows lack of trust. When I feel ready I will trade my own money on real live account soon. I don't want to be all talk and no action.

I shared this thread and I don't want to disappoint. This is time consuming to sit with throughout the days and I hope it can pay out time invested at some point soon. To be updated and trade well, gents! (Attached chart of M1 eurusd today since clear signals, this will be last visuals before concrete results. Still very open to suggestions from you, I value help and private messages)
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  • #63
  • Edited May 17, 2022 5:47am May 16, 2022 10:03am | Edited May 17, 2022 5:47am
This afternoon daytrading/scalping.
(Changed colors for better visibility, pink=price black=volume flows, I compare data from three different brokers to confirm) attached pics will show you why trades were entered and exit according to strategy.
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  • #64
  • May 16, 2022 10:08am May 16, 2022 10:08am
Nice bro! Keep us informed! It looks very curious.
  • #65
  • May 16, 2022 10:21am May 16, 2022 10:21am
Quoting Wilczur
Nice bro! Keep us informed! It looks very curious.
Thanks bro for like! I think the strategy is pretty much as good as it can get now. Only thing to do if what time frame to trade it or confirm entries using more timeframes. Most important factor is the 'ratio' in the gap between price and volume. The more 'extreme', the better entry. I attached pics showing example of types of situations we're looking for. Big gaps and big ratios.
  • #66
  • May 16, 2022 10:28am May 16, 2022 10:28am
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Attached Image
  • #67
  • May 16, 2022 10:29am May 16, 2022 10:29am
Quoting Lekkim
{quote} Thanks bro for like! I think the strategy is pretty much as good as it can get now. Only thing to do if what time frame to trade it or confirm entries using more timeframes. Most important factor is the 'ratio' in the gap between price and volume. The more 'extreme', the better entry. I attached pics showing example of types of situations we're looking for. Big gaps and big ratios.
What timeframe do you use in upper shots? Did you try combine it with divergences levels?
  • #68
  • May 16, 2022 10:45am May 16, 2022 10:45am
Quoting Wilczur
{quote} What timeframe do you use in upper shots? Did you try combine it with divergences levels?
m5 and m15, it works the same on all timeframes. I just normally focus on m1 daytrading only. It can be combined with other parameters for entries, I use this only though because this is the by far best I developed and put together in my 15 years of trading.
  • #69
  • May 16, 2022 10:51am May 16, 2022 10:51am
This is m1 today from 11pm yesterday of eurusd, notice that not all pairs give clear signals all the time. Today been pretty mixed where price and volume flows been following each other. I look at all 28 pairs multiple time and compares volume flows from many different metatrader brokers. Pic is data overlayed three times. But yeah notice how price and volume always plays and challenge each other.
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  • #70
  • May 16, 2022 12:45pm May 16, 2022 12:45pm
How did you solved unreliable volume data in FX?
Unless you use future volume data that you need to pay for it
  • #71
  • May 18, 2022 9:24am May 18, 2022 9:24am
Quoting Merka
How did you solved unreliable volume data in FX? Unless you use future volume data that you need to pay for it
Well, I agree that there is much noise in volume data in FX, but after testing many different sources like futures data. It's not possible to get a complete overview of volume activity in general because market is huge and is being traded on many instruments etc. I think that combining volume flows over different metatrader brokers give a valid sentiment insight. I personally finds volume useless unless it's compiled and stacked.
However, once you see the volume flow lines things made sense, at least for me it did. If you total volume on the timeframes tick data you get the line, then by theory line of this and line of price should follow each other. By idea of this, the entries on big differences in this is a theory which many would understand. After looking at this for a long time, this dance between them is great for analysis, at least in my opinion.
Thanks for votes in poll, I appreciate the feedback. It's pretty mixed so time will tell if this will be proven profitable or if I'm delusional (hope not, lol) Ps: I know it's hard to wrap head around, especially when you don't have indicators yourself, I will consider sharing more. By the way the classic more standard volume indicators such as pvt, obv and others, can be used if you can find a way to overlay and scale it with price.
  • #72
  • May 18, 2022 10:34am May 18, 2022 10:34am
Big intraday move in eurchf, should recover a bit
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  • #73
  • May 18, 2022 10:40am May 18, 2022 10:40am
@Lekkim
Do you know when you can share your volume indicator with us?
  • #74
  • May 18, 2022 10:45am May 18, 2022 10:45am
Quoting Merka
@Lekkim Do you know when you can share your volume indicator with us?
Thanks for interest, I will put you on the list and send you private message later
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  • #75
  • May 18, 2022 10:56am May 18, 2022 10:56am
Quoting Lekkim
Big intraday move in eurchf, should recover a bit {image}
Scalped some longs at the bottom for once, this was intraday example of a pink/price trade
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  • #76
  • May 18, 2022 11:22am May 18, 2022 11:22am
Quoting Lekkim
{quote} Thanks for interest, I will put you on the list and send you private message later {image}
Nice to see you again please send me also the indicator

thanks
  • #77
  • May 18, 2022 11:31am May 18, 2022 11:31am
Quoting Frag8383
{quote} Nice to see you again please send me also the indicator thanks
Thanks Frag, I tend to always come back to this, can't get myself to discard it. You are on list also if I decide to share it
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  • #78
  • May 18, 2022 12:15pm May 18, 2022 12:15pm
Attached eurusd today on one broker, a couple opportunities of black/volume trades, for info. I'm once again started a demo today where I've using my time trying to yield a decent report to prove it. I jinxed it to early on chf trade, but most other trades today been profitable. When personal finances allows it, real acc myfxbook time.
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  • #79
  • May 18, 2022 12:29pm May 18, 2022 12:29pm
Quoting Lekkim
Attached eurusd today on one broker, a couple opportunities of black/volume trades, for info. I'm once again started a demo today where I've using my time trying to yield a decent report to prove it. I jinxed it to early on chf trade, but most other trades today been profitable. When personal finances allows it, real acc myfxbook time. {image}
thanks for the chart lekkim!
would you mind sharing the daily chart of eurusd?
I would love to see the volume behavior of strong trending pairs in a larger period
  • #80
  • Edited 1:56pm May 21, 2022 1:36pm | Edited 1:56pm
Quoting Zookeeper85
{quote} thanks for the chart lekkim! would you mind sharing the daily chart of eurusd? I would love to see the volume behavior of strong trending pairs in a larger period
All usd pairs on daily/D1 timeframe from 6 august 2021 until now on.
Edit: Charts in this order: audusd, nzdusd, usdcad, gbpusd, eurusd, usdchf and usdjpy - Zookeper your daily eurusd graph is number five
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