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Cumulative Delta Price Volume

  • #41
  • Edited 2:41pm Feb 22, 2023 1:09pm | Edited 2:41pm
Quoting ryuryu
{quote} And that forex has no volume data and no indicator can show volume, delta, cumulative or whatever.
Interesting idea, but tick volume is not true "True" Volume (in terms of the actual volume of contracts/shares, etc., traded). So, (@Lekkim) I'm curious how volume can be used as an indicator for trading Forex? I apologize in advance if this question has already been asked... haven't completely read all the posts. Although I will say, there was a research article published a few years ago that indicated tick volume was a good approximate for True volume. Another concern is that the "volume" for each pair is going to change from broker to broker due to the decentralized nature of the forex market, so if you're using a tick volume indicator it would need to be using the tick volume specific to your broker.

Best,

Dave
  • #42
  • Feb 22, 2023 7:46pm Feb 22, 2023 7:46pm
Quoting davelansing
{quote} Interesting idea, but tick volume is not true "True" Volume (in terms of the actual volume of contracts/shares, etc., traded). So, (@Lekkim) I'm curious how volume can be used as an indicator for trading Forex? I apologize in advance if this question has already been asked... haven't completely read all the posts. Although I will say, there was a research article published a few years ago that indicated tick volume was a good approximate for True volume. Another concern is that the "volume" for each pair is going to change from broker to...
That research report was funded by who?

Tick volume is fraud, not even close.
Try it on a Futures market to see the truth.
Trading thin liquidity at the boundary of the charts
  • #43
  • Feb 23, 2023 1:13am Feb 23, 2023 1:13am
Hi everyone. I found this in my files. maybe of some help. best

Quoting RickM
{quote} That research report was funded by who? Tick volume is fraud, not even close. Try it on a Futures market to see the truth.
Attached File(s)
File Type: pdf fxvolume tick volume vs real volume study.pdf   552 KB | 10,650 downloads
  • #44
  • Feb 23, 2023 2:14am Feb 23, 2023 2:14am
Quoting RickM
{quote} That research report was funded by who? Tick volume is fraud, not even close. Try it on a Futures market to see the truth.
This bloke knows the truth about volume.

https://www.forexfactory.com/thread/...4#post14334274

He's spent a documented small fortune on developing an indicator that shows the way and after a year and a half has f*%k all to show for it.
He now wants wants someone to stump up $450 a month for the data.

If he really had the grail, he would self fund and keep quiet!
  • #45
  • Feb 23, 2023 3:27am Feb 23, 2023 3:27am
Quoting moodybot
{quote} This bloke knows the truth about volume. https://www.forexfactory.com/thread/...4#post14334274 He's spent a documented small fortune on developing an indicator that shows the way and after a year and a half has f*%k all to show for it. He now wants wants someone to stump up $450 a month for the data. If he really had the grail, he would self fund and keep quiet!
Why you always lie my friend?

1. This is simple EA written with python for MT5. This EA I made just to try out the MT5 python connector (btw it is profitable).
2. You can check the source code of that bot, because it is totally free and you can find it on my github. And you can see it has no volume data checks.
3. I never asked anyone to buy be anything. That guy said that he can buy the lifetime subscription for clusterdelta, but I said that it is not a way because cd code is not open source and I just don't know what variable names it has so I'll never get the data from it.
4. For 1 year, as you mentioned, I have created discord group, telegram channel, telegram bot, website, dashboards, 11 indicators and 16 repositories on github (and countless amount of bots, scripts and other stuff).

Tell me please what have you done for last year, dear?

I think instead of being my fan and checking all my activity day by day you better spend your time to learn basic math. Believe me it will help you better.
Observer effect
  • #46
  • Feb 23, 2023 3:36am Feb 23, 2023 3:36am
Quoting moodybot
{quote} This bloke knows the truth about volume. https://www.forexfactory.com/thread/...4#post14334274 He's spent a documented small fortune on developing an indicator that shows the way and after a year and a half has f*%k all to show for it. He now wants wants someone to stump up $450 a month for the data. If he really had the grail, he would self fund and keep quiet!
I would back him (ryuryu). I've read his posts and can see his movement forward. Recently it's been leaps ahead, so his learning has accelerated. 1 to 1.5 years is nothing in this industry. It took me 14 years before I had something that worked consistently. He is on the right path.

How is your trading? Have you taken what you've already learned and put what you understand the best and can "see", onto a chart, then traded it for months, figured out what was missing and found it, traded it for months and made your own system or are you on my 14 year plan of jumping around from thing to thing and "guru" to "guru" with nothing to show for it? It's tough in this business, but the people who make their own way are the one who are the most successful.
  • #47
  • Feb 23, 2023 3:43am Feb 23, 2023 3:43am
Quoting ryuryu
{quote} Why you always lie my friend? 1. This is simple EA written with python for MT5. This EA I made just to try out the MT5 python connector (btw it is profitable). 2. You can check the source code of that bot, because it is totally free and you can find it on my github. And you can see it has no volume data checks. 3. I never asked anyone to buy be anything. That guy said that he can buy the lifetime subscription for clusterdelta, but I said that it is not a way because cd code is not open source and I just don't know what variable names it...
Yes of course.
Now Rick bring a self proclaimed successful businessman should really see the potential in you, but he’s not stumping up $450 and your 13,000 trades from your previous post isn’t either,
Thanks for stopping by.
  • #48
  • Feb 23, 2023 4:06am Feb 23, 2023 4:06am
Quoting moodybot
{quote} Yes of course. Now Rick bring a self proclaimed successful businessman should really see the potential in you, but he’s not stumping up $450 and your 13,000 trades from your previous post isn’t either, Thanks for stopping by.
Were you going to answer my question?

How is your trading? Have you taken what you've already learned and put what you understand the best and can "see", onto a chart, then traded it for months, figured out what was missing and found it, traded it for months and made your own system or are you on my 14 year plan of jumping around from thing to thing and "guru" to "guru" with nothing to show for it? It's tough in this business, but the people who make their own way are the one who are the most successful.
  • #49
  • Feb 23, 2023 5:17am Feb 23, 2023 5:17am
Quoting RickM
{quote} That research report was funded by who? Tick volume is fraud, not even close. Try it on a Futures market to see the truth.
Rick,

I'm not necessarily disagreeing with you, but - and I don't remember the specific details of the academic research article- the authors state that tick volume could be used as a proxy for true volume, or probably better to say, "degree of active price movement". I'd hypothesize that if you plot the number of transactions at any given price point, within a specific time period, a price point that has a higher number of transactions could be a point of support/resistance versus a price point with a lower number of transactions with regards to assessing future price activity. But again, my reservations is that tick volume will be highly specific to your broker, so you just can't take a generic data feed to assess tick volume.

@rosalieone - thanks for providing that pdf! I'll have to search for the academic article that I referenced in my previous post, but the conclusions seem to be the same.

Best,

Dave
  • #50
  • Feb 23, 2023 5:50am Feb 23, 2023 5:50am
Quoting CashBox
{quote} Were you going to answer my question? How is your trading? Have you taken what you've already learned and put what you understand the best and can "see", onto a chart, then traded it for months, figured out what was missing and found it, traded it for months and made your own system or are you on my 14 year plan of jumping around from thing to thing and "guru" to "guru" with nothing to show for it? It's tough in this business, but the people who make their own way are the one who are the most successful.
Am I obliged to answer your question, no.
Have you and I interacted before, no.
Did I stop Rick and the boy wonders previous attempt at funnelling saps into joining them on Crypto where the saps were being used to provide liquidity, yes.
Do you want the boy wonders trading view indicators that were for sale on his website, then look for the last post by Bluesteele on the boy wonders thread and open your eyes! You’ll find that boy wonder minimised the post but he can’t delete it!
Educate yourself.
  • #51
  • Feb 23, 2023 6:48am Feb 23, 2023 6:48am
Quoting davelansing
{quote} Rick, I'm not necessarily disagreeing with you, but - and I don't remember the specific details of the academic research article- the authors state that tick volume could be used as a proxy for true volume, or probably better to say, "degree of active price movement". I'd hypothesize that if you plot the number of transactions at any given price point, within a specific time period, a price point that has a higher number of transactions could be a point of support/resistance versus a price point with a lower number of transactions with regards...
In real life on real exchange candles forms with trades. There are buys and sells. So first buy or sell is open, last is close. Somewhere inside there can be high and low (or they can be equal to open or close). Sum of buys and sells called volume.

Now let's check forex. Tick data is not trades. It is price and direction. They are using it to draw candles. All you have here is speed. Yes, you can calculate the speed of incoming ticks and measure it. In fact, all you have on forex: OHLC and speed of ticks. No volume, no trades. So you can never get data to calculate for example 3-in-a-row approach we are trading. Because your "tick vol" data will always draw you same color as the candle. Next you will never calculate the delta - the difference between buys and sells, because there are no data for that.

Have you ever seen any statement or rules what tick volume is, how it calculated and regulated? Nope. Never. Because it is fake and fraud.
What academic researches and proofs you need more?
Observer effect
  • #52
  • Feb 23, 2023 7:24am Feb 23, 2023 7:24am
Quoting moodybot
{quote} Am I obliged to answer your question, no. Have you and I interacted before, no. Did I stop Rick and the boy wonders previous attempt at funnelling saps into joining them on Crypto where the saps were being used to provide liquidity, yes. Do you want the boy wonders trading view indicators that were for sale on his website, then look for the last post by Bluesteele on the boy wonders thread and open your eyes! You’ll find that boy wonder minimised the post but he can’t delete it! Educate yourself.
Bluesteele got destroyed by Ryuryu when he commented on his post - Bluesteele never came back.
Your comments here sound like a jealous brat that has no clue how to trade so why don't you do us all a favour

Move along like Blue
Trading thin liquidity at the boundary of the charts
  • #53
  • Feb 23, 2023 7:31am Feb 23, 2023 7:31am
Quoting ryuryu
{quote} In real life on real exchange candles forms with trades. There are buys and sells. So first buy or sell is open, last is close. Somewhere inside there can be high and low (or they can be equal to open or close). Sum of buys and sells called volume. Now let's check forex. Tick data is not trades. It is price and direction. They are using it to draw candles. All you have here is speed. Yes, you can calculate the speed of incoming ticks and measure it. In fact, all you have on forex: OHLC and speed of ticks. No volume, no trades. So you can...
what do you suggest how to measure the imbalance condition in forex.
because the phenomenon exists.
  • #54
  • Feb 23, 2023 8:03am Feb 23, 2023 8:03am
Thank you for your sharing. It's an interesting topic indeed.....
So, basically you're a counter trend trader trying to pick top/bottom....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #55
  • Feb 23, 2023 8:09am Feb 23, 2023 8:09am
Quoting aaven
Possible top on Bitcoin? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 2023-02-23_23-06-21.png Size: 124 KB

I guess someone would have tried to sell at the purple line in the picture......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #56
  • Feb 23, 2023 8:17am Feb 23, 2023 8:17am
I attempt to apply CD to my trend following (defined by MA) tradings and it might be useful as well.......
Attached Image (click to enlarge)
Click to Enlarge Name: 2023-02-23_23-12-18.png Size: 191 KB

Obviously, I wouldn't attempt to use CD with forex for obvious reasons......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #57
  • Feb 23, 2023 8:30am Feb 23, 2023 8:30am
Quoting davelansing
{quote} Rick, I'm not necessarily disagreeing with you, but - and I don't remember the specific details of the academic research article- the authors state that tick volume could be used as a proxy for true volume, or probably better to say, "degree of active price movement". I'd hypothesize that if you plot the number of transactions at any given price point, within a specific time period, a price point that has a higher number of transactions could be a point of support/resistance versus a price point with a lower number of transactions with regards...
Hi davelansing

Ryuryu answered very well, but if I can make a few comments.

What controls price direction is not size of Volume (executed market orders) but rather the density of the liquidity its attacking.
So we may be able to read size of volume, or even be lucky enough to know the balance of Delta within those executed trades - but unless we know the strength of Asks above price or the strength of Bids below price - its still a calculated guess.

Ryan & myself study the bias of Market orders to determine which way price is likely to swing, its an calculated guess but its still an edge if you know what the real data is, but no edge if you can't see those Buyers or Sellers.

But we can do better

Let me talk about a stock trade I took today on ABB.AX (Aussie Broadband) which was about $2.97 at the time. The order book was Bearish around 60% and bullish about 40% so price was drifting down. Market orders were primary Selling orders but the market was overal thin. I couldn't Buy because the order book was Bearish, I could also sense price was going to drop further.

I ended up Buying down at $2.89 because I knew when the Sellers were extreme, the big players would step in and Buy back the market. Therefore like Futures, You go Long when Sellers are too strong, you go Short when the Buyers are too strong

or

You go Long when Sellers are too strong when DELTA FLIPS and you go Short when Buyers are too strong when DELTA FLIPS

i.e. Ryans three in a row setup
Trading thin liquidity at the boundary of the charts
  • #58
  • Feb 23, 2023 9:27am Feb 23, 2023 9:27am
Quoting tiborf71
{quote} what do you suggest how to measure the imbalance condition in forex. because the phenomenon exists.
I recommend using CME data for EU, GU and XAU. Works pretty good.
For other assets you can use direct API (like for crypto).
Observer effect
  • #59
  • Feb 23, 2023 9:54am Feb 23, 2023 9:54am
Quoting ryuryu
{quote} I recommend using CME data for EU, GU and XAU. Works pretty good. For other assets you can use direct API (like for crypto).
thanks for the advice.
  • #60
  • Feb 23, 2023 1:12pm Feb 23, 2023 1:12pm
Quoting moodybot
{quote} This bloke knows the truth about volume. https://www.forexfactory.com/thread/...4#post14334274 He's spent a documented small fortune on developing an indicator that shows the way and after a year and a half has f*%k all to show for it. He now wants wants someone to stump up $450 a month for the data. If he really had the grail, he would self fund and keep quiet!
Sorry, but I didn't see your posts because they were blocked. You were blocked because you're probably an asshole. Because I only block assholes. Unfortunately, I can't remember why I identified you as an asshole, but if so, then so it is. I'm a guru in this. I'm never wrong.

P.S. Say thanks to RickM - he told me about new idiotic shit you've posted. Rejoice, you have been noticed. But you shit yourself again.
Observer effect
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