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Volume in Forex

So I guess my next question would be, does anyone use volume data from any broker on tradingview?
Quoting TheCardinal
So I guess my next question would be, does anyone use volume data from any broker on tradingview?
Here we have very strange thing with tradingview. As I said forex has no vol data, so vol data on tradingview for forex brokers make no sense.
But. There are CME data subscription to get real-time volume data. And know what? It is not correct haha
We were checking with three amigos the data for few month - it is not the same! Direct data from CME and data on Tradingview are different
The same for crypto btw. It is NOT the same.
So you decide use it or not, pay for it or not. I'll definitely will never use it.
Observer effect
I am wondering. Has anyone been able to profitably implement volume as in some kind of logic/confirmation that confirms a certain move is about to happen? I've done some backtests and what appears to me is that during the highest volume prints throughout the day, the price is almost always in range, which looks more like an entrapment to me.
Quoting DogNo
I am wondering. Has anyone been able to profitably implement volume as in some kind of logic/confirmation that confirms a certain move is about to happen? I've done some backtests and what appears to me is that during the highest volume prints throughout the day, the price is almost always in range, which looks more like an entrapment to me.
My trading improved tremendously when I finally let go of the illusion that you can use it to predict any movement, it doesn't, it just shows you what's happening at that moment in time, just as the actual price action does.
  • Post #25
  • Quote
  • Edited 7:26am Dec 31, 2022 7:13am | Edited 7:26am
Quoting DogNo
I am wondering. Has anyone been able to profitably implement volume as in some kind of logic/confirmation that confirms a certain move is about to happen? I've done some backtests and what appears to me is that during the highest volume prints throughout the day, the price is almost always in range, which looks more like an entrapment to me.
Thats all I trade with, Volume data with no candlestick charts but instead I’m using just a heat map and a DOM.
To understand Volume and liquidity, you need to be able to see three things.
1.. Limit orders sitting on the Order Books
2.. Market Orders execution numbers
3.. See whether the Algo’s are pulling or Stacking the order book.

Volume data alone isn’t enough, we have to be able to read the order book data to understand how the Future will look 30 seconds later. The markets are Algo driven and work seconds ahead of market direction, they do allow us time to - UNDERSTAND- REACT - TRADE

Therefore the Volume data is purely confirmation of Algo sentiment
Trading thin liquidity at the boundary of the charts
Quoting DogNo
I am wondering. Has anyone been able to profitably implement volume as in some kind of logic/confirmation that confirms a certain move is about to happen? I've done some backtests and what appears to me is that during the highest volume prints throughout the day, the price is almost always in range, which looks more like an entrapment to me.
I know next to nothing about volume, i guess. However what i already know is - i would not want to trade without it. It is more important that everything else.

Trading with candlestick with no volume is OK. TO TRAIN INTUITION - only. TRAIN INTUITION.
When you add volume to this - you feel more "reacitve" than "predictive". You act more "informed" than "guess".
Trust me on this.
I owe it to RickM and RyuRyu.
To discuss volume, I like to mention a notable script or code indicator at Tradingview that works in smaller timeframe.


https://in.tradingview.com/script/Xh...e-Action-LucF/

https://in.tradingview.com/script/d4...ctive-passive/

https://in.tradingview.com/script/SF...olumePressure/
  •  v2vboni
  • Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 3,610 Posts | Online Now
Quoting ryuryu
{quote} Here we have very strange thing with tradingview. As I said forex has no vol data, so vol data on tradingview for forex brokers make no sense. But. There are CME data subscription to get real-time volume data. And know what? It is not correct haha We were checking with three amigos the data for few month - it is not the same! Direct data from CME and data on Tradingview are different The same for crypto btw. It is NOT the same. So you decide use it or not, pay for it or not. I'll definitely will never use it.
Now... What to do yanni? Inshallah ; )=
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
Quoting trade866
To discuss volume, I like to mention a notable script or code indicator at Tradingview that works in smaller timeframe. https://in.tradingview.com/script/Xh...e-Action-LucF/ https://in.tradingview.com/script/d4...ctive-passive/ https://in.tradingview.com/script/SF...olumePressure/
This make no sense. Indicators are useless for forex because there are no vol data on forex. And for crypto they are useless too, because the volume that tradingview shows is not the same if you collect it live from exchange API.
Observer effect
Quoting TheCardinal
So I guess my next question would be, does anyone use volume data from any broker on tradingview?

I don’t think, it’s usual to use free volume data; logically we retail traders are unable to know the actual volume of the market!
Quoting Dorinadar
I don’t have extra space for volumes in my trading. Volumes don’t determine the profitability of my trades.

yo, i can only write dream on.
No volume, no trade
Quoting TheCardinal
Hi guys, I think we have all heard the debate of volume in forex. 1. Tick volume is the same as forex volume (shown in some studies), therefore, volume can be useful BUT 2. If you compare ANY brokers in tradingview (OANDA, FXCM, PEPPERSTONE, etc), they ALL show different volume data. So.... is forex volume really reliable and accurate? I know some traders use futures volume, but again, can it really be useful since it shows a minority of the total volume? Can it really show the whole picture?
It's better to just focus on volatility over volume. There is no source of truth in terms of volume, but regardless of what broker data you use to calculate volatility, you get results that are essentially the same.
ri · skuht
at cfd is ok,times erhlich on what berut the trade buy and sell the moves volume I've been doing this for a very long time.


I do not have to prove it



anyone who writes something without volume is an idiot or demo trader
Quoting mieyrasfea
Trading volume has been light in the currency market today, making it difficult to establish clear trends.

depends on the time .
you can see volume and interpret it correctly.
you are always on the right side.
realize profits not dream.
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  • Post #35
  • Quote
  • Edited 2:04pm Feb 6, 2023 12:45pm | Edited 2:04pm
For those who still don't understand how forex works let me clarify it once more.

For example one guy, his name is Pablo, owns a shop. And he has 100 tomatoes for sale at 1$ each. Also there are delivery incoming with 100 more tomatoes. So soon there will be 200 tomatoes in his shop. And people can buy it.

Next guy, his name is Forex. He has no tomatoes at all. But he knows that Pablo has some, Daniel has some and Hugo has some too. So Forex guy said that he has... 500 tomatoes at 1$ each.

Now Pablo sold 50, Daniel sold 50 and Hugo sold 50. And Forex said he sold 150.

Remember Forex has only data, no tomatoes?

Why Forex don't care about real tomatoes bought/sold? Because the expectation of Forex's casino shop is positive to him. And negative to the customers. So customers always lose. And Forex always win.

So when you guys are trying to analyze forex data... you are trying to calculate tomatoes that even never exist.

Data is gold. If you have data, then you can earn. If you don't have then you are just a blind cat running fast in the dark forest trying to predict where trees are grows.
Observer effect
Quoting ryuryu
For those who still don't understand how forex works let me clarify it once more. For example one guy, his name is Pablo, owns a shop. And he has 100 tomatoes for sale at 1$ each. Also there are delivery incoming with 100 more tomatoes. So soon there will be 200 tomatoes in his shop. And people can buy it. Next guy, his name is Forex. He has no tomatoes at all. But he knows that Pablo has some, Daniel has some and Hugo has some too. So Forex guy said that he has... 500 tomatoes at 1$ each. Now Pablo sold 50, Daniel sold 50 and Hugo sold 50. And...
How so? You said forex has no tomatoes so how can he sell them? And who are Daniel and Hugo, do they have a shop too?
Quoting Fagin
{quote} How so? You said forex has no tomatoes so how can he sell them? And who are Daniel and Hugo, do they have a shop too?
You have a sharp mind my friend! You have found Daniel and Hugo guys! And their tomatoes!


Observer effect
Quoting ryuryu
{quote} You have a sharp mind my friend! You have found Daniel and Hugo guys! And their tomatoes!
Quoting ryuryu
For those who still don't understand how forex works let me clarify it once more. For example one guy, his name is Pablo, owns a shop. And he has 100 tomatoes for sale at 1$ each. Also there are delivery incoming with 100 more tomatoes. So soon there will be 200 tomatoes in his shop. And people can buy it. Next guy, his name is Forex. He has no tomatoes at all. But he knows that Pablo has some, Daniel has some and Hugo has some too. So Forex guy said that he has... 500 tomatoes at 1$ each. Now Pablo sold 50, Daniel sold 50 and Hugo sold 50. And...
but are we allowed to accumulate data that show correlations, or which data is important?
#IDDQD Return Today: 9.3%
Quoting Ferna
{quote} but are we allowed to accumulate data that show correlations, or which data is important?
All we have on forex is open, high, close, and low. We can accumulate that data as we like. We can average it. We can draw rectangles, lines, circles. Do whatever we want. But there are no volume data on forex. The thread is about volume on forex. There are no volume data on forex. That is all we must understand.
I don't know what correlations are and what are you correlating with if all we have is packed averaged data called Japanese candles.

They are taking the data from real exchanges, average it and show you "tick" data to draw candles. The key is to find the source where they are taking it. As I see it is CME, because sometimes if there are a lag the exact move copy-pasted not immediately but few milliseconds later. But I can be wrong and they are taking their data from several sources. May be.
Observer effect
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