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  • #41
  • Feb 7, 2023 4:08pm Feb 7, 2023 4:08pm
Volume isn’t what most think it is and in my humble opinion (also limited) is of a non existent use to the bottom feeders like us in retail. If it was it would also likely to be illegal in nature.

The nearest you could get to it would be via a clearing house matching counterparty deals for compression management or many other matching reasons. These transactions are in blocks (not lot sizes!) and are made available from the clearing house to match counterparties, hence some big moves when they get matched.

Unless you are on the inside you cannot see it and if you could you would not be able to use it personally.

Any data(which is anything and everything) that you can see has been seen, therefore past tense and of limited, perhaps no use.

The notion of volume, especially in FX is a misnomer and not worth your time. Price moves up and price moves down. That’s all there is.
  • #42
  • Feb 7, 2023 7:37pm Feb 7, 2023 7:37pm
Volume in Forex isn't as centralized as it is in other securities, but the data is available and not difficult to interpret once you get the hang of it. It's useless if you're trying to scalp 5M/15M charts, but the data starts to make sense once you go past 30M+, IMO. If you go into TradingView, individual brokers display their own volume data. Look for either "Session Volume Profile" or "Visible Range Volume Profile" and the indicator will give you what it is you're looking for.
  • #43
  • Feb 14, 2023 6:03pm Feb 14, 2023 6:03pm
Volume is truth. If you deem it useless it is only because you don't know how to interpret it. I cannot trade without (tick) volume. Sometimes, I wonder how traders manage without the use of volume. Well, there are more than a million ways to trade the markets. Volume is king and is a leading indicator if you know how to use it. It is the only indicator on my charts, nothing else. In the end, to each his way.
Fred
  • #44
  • Feb 20, 2023 11:40am Feb 20, 2023 11:40am
Quoting RickM
{quote} if you trade US majors, you can get accurate volume data by using a MT4 indy called CluserDelta. It’s data that comes directly from Futures markets of the CME exchange. The data is about 0.4 of a second ahead of forex and seems to show it proceeds the currency markets. You will learn that markets are controlled by HFT Algo’s to create a centralised environment that acts like one exchange. Don’t believe any Tick data study you read that states they are comparable to forex volume. Also don’t believe historical data coming from your broker...
Hi Rick,

Where do we find the "MT4 indy called CluserDelta" ?

tried and did not find it.

Thank you!
  • #45
  • Feb 20, 2023 1:11pm Feb 20, 2023 1:11pm
Quoting Ulisesrocker
{quote} Hi Rick, Where do we find the "MT4 indy called CluserDelta" ? tried and did not find it. Thank you!
sorry ,i saw your question
im sure ,its called

"ClusterDelta"
take a look at the mt4 markeltplace ,there you will find some
best regards
don´t follow me,you will loose your moneyy
  • #46
  • Feb 20, 2023 1:23pm Feb 20, 2023 1:23pm
Quoting teatime
{quote} sorry ,i saw your question im sure ,its called "ClusterDelta" take a look at the mt4 markeltplace ,there you will find some best regards
thank you Teatime!
Are you from London?
  • #47
  • Feb 20, 2023 1:25pm Feb 20, 2023 1:25pm
Quoting Ulisesrocker
{quote} thank you Teatime! Are you from London?
I've been there a couple of times, but I'm from Germany
don´t follow me,you will loose your moneyy
  • #48
  • Feb 20, 2023 3:24pm Feb 20, 2023 3:24pm
Quoting RickM
{quote} 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,...
Hi Rick,

Question, will be usefull for Us30 ?
  • #49
  • Feb 20, 2023 4:03pm Feb 20, 2023 4:03pm
Quoting Ulisesrocker
{quote} Hi Rick, Question, will be usefull for Us30 ?
Hi Uliserocker

Yes, it’s excellent but only when volume comes into the market during the New York session.
If you trade using a forex broker on CFD’s via Futures data, US30 and USTEC are the best to trade.
If you trade directly with a Futures broker, then I feel the S&P is the best to trade.

It all depends whether you trade off candlestick signals or solely off volume signals (Bids or Ask imbalance, testing order data), that will define the market you trade.

Using Clusterdelta Indy, the best markets to trade in my opinion would be the three US indices, Gold and EURUSD.

Good Luck
Trading thin liquidity at the boundary of the charts
  • #50
  • Feb 20, 2023 5:00pm Feb 20, 2023 5:00pm
Quoting RickM
{quote} Hi Uliserocker Yes, it’s excellent but only when volume comes into the market during the New York session. If you trade using a forex broker on CFD’s via Futures data, US30 and USTEC are the best to trade. If you trade directly with a Futures broker, then I feel the S&P is the best to trade. It all depends whether you trade off candlestick signals or solely off volume signals (Bids or Ask imbalance, testing order data), that will define the market you trade. Using Clusterdelta Indy, the best markets to trade in my opinion would be the three...
thank you so much Rick, I really appreciate all the help you provide.
  • #51
  • Nov 23, 2023 4:39pm Nov 23, 2023 4:39pm
Quoting kette
{quote} depends on the time . you can see volume and interpret it correctly. you are always on the right side. realize profits not dream. {image} {image}
Hi Kette, Would you please explain how to get volume and interpret? do you have indicator?
  • #52
  • Last Post: Nov 26, 2023 10:55am Nov 26, 2023 10:55am
I found the volumes of major pairs mostly accurate especially on Mt4 trading platform. But I don’t whether it remains the same in other platforms or not.
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