for Brokers that haven't full (28 Cpair) the result of this indicator will be somewhere choppy (because of missing pairs effects),
thus you need a demo account of full set pairs(28),
then use the results in your favor broker.
OTR
Ignored
I think its not necessary at all to have all the 28 pairs. Since apart from the majors and a couple of crosses (CHF,CAD,AUD) the rest has MINISCULE effect (and tiny volumes far less than 1% each of total fx vol, so they are in noise area).
To conclude all the info is in the majors and a couple of crosses (not even NZD rather just CAD and AUD and CHF)
I think its not necessary at all to have all the 28 pairs. Since apart from the majors and a couple of crosses (CHF,CAD,AUD) the rest has MINISCULE effect (and tiny volumes far less than 1% each of total fx vol, so they are in noise area).
To conclude all the info is in the majors and a couple of crosses (not even NZD rather just CAD and AUD and CHF)
I think its not necessary at all to have all the 28 pairs. Since apart from the majors and a couple of crosses (CHF,CAD,AUD) the rest has MINISCULE effect (and tiny volumes far less than 1% each of total fx vol, so they are in noise area).
To conclude all the info is in the majors and a couple of crosses (not even NZD rather just CAD and AUD and CHF)
Ignored
Hi,
If you attach Volume Indicator to every 28 Charts and compare relative values for the same time , you will see that each of them isn't negligible,
but I know from many sources that the major trading pairs are nearly : EURUSD:%30 , USDJPY:%20 , GBPUSD:%10 , USDCHF:%5 , USDCAD:%4 , USDAUD:%4 , others have lower % ,
but these ratios are for major transaction by huge Institutions, that they aren't available for me for calculations,
The Forex Brokers % of transactions might be less than %10 of all,
and from my experience : if I use eg. IBFX that hasn't some pairs then it will generate false trend reversal in TF4H , but MIG will stay flat at the same time !
the codes are attached for further improvemet, and if we can reduce some pairs , it will be faster, and I will be thanksful.
As seen in daily chart of USDJPY, you can see the movement of USDand JPY in the recent 150 days , mostly are in the same side of 0 level , and it does mean the sentiment of traders to these two Currencies is nearly similar,
and the total movement was from 110.50 to 91.00 (~ 1950 pips ),
but other pairs have more movements.
If you attach Volume Indicator to every 28 Charts and compare relative values for the same time , you will see that each of them isn't negligible,
but I know from many sources that the major trading pairs are nearly : EURUSD:%30 , USDJPY:%20 , GBPUSD:%10 , USDCHF:%5 , USDCAD:%4 , USDAUD:%4 , others have lower % ,
but these ratios are for major transaction by huge Institutions, that they aren't available for me for calculations,
The Forex Brokers % of transactions might be less than %10 of all,
and from my experience : if I use eg....
Ignored
I would start playing with it by disregarding everything but USD,JPY,EUR,GBP,AUD,CHF.
yes the fx volume is not centralized.
and the vol in MT4 is tick count that is just an approximation to the real lot volume(maybe there are some MT4 brokers with lot volume dunno).
