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brokers software utilize volume beside MT4?

  • #1
  • First Post: Feb 2, 2010 11:35am Feb 2, 2010 11:35am
Does anyone know of any broker's software which has a selection for picking a volume indicator? I know MT4 has a volume indicator, but I hate MT4...
  • #2
  • Feb 2, 2010 2:45pm Feb 2, 2010 2:45pm
Quoting ctmforex
Does anyone know of any broker's software which has a selection for picking a volume indicator? I know MT4 has a volume indicator, but I hate MT4...
If you hate MT4, you are going to love eSignal. Very sophisticated, very hard to use. Also very expensive, but it does have volume or at least better tick data than MT4 brokers.
  • #3
  • Feb 4, 2010 10:59pm Feb 4, 2010 10:59pm
VT Trader has a volume indicator and is very simple to learn.
  • #4
  • Feb 5, 2010 2:44am Feb 5, 2010 2:44am
Quoting ctmforex
Does anyone know of any broker's software which has a selection for picking a volume indicator? I know MT4 has a volume indicator, but I hate MT4...
Why do you hate MT4???
  • #5
  • Feb 5, 2010 9:21am Feb 5, 2010 9:21am
I opened up a demo account, execution was incredibly slow, you HAVE to enter in a s/l and t/p, plus someother stuff i cant remember at this time...
  • #6
  • Feb 6, 2010 4:24am Feb 6, 2010 4:24am
Quoting ctmforex
Does anyone know of any broker's software which has a selection for picking a volume indicator? I know MT4 has a volume indicator, but I hate MT4...
Are you looking at volatility? There isn't really anything like volume in forex due to the decentralised market. Tick volume is all you are going to get. If you are on ECN, you can get LVLII market depth easily which is probably close enough to what you are after?
  • #7
  • Feb 6, 2010 10:17am Feb 6, 2010 10:17am
Quoting oakmonster
Are you looking at volatility? There isn't really anything like volume in forex due to the decentralised market. Tick volume is all you are going to get. If you are on ECN, you can get LVLII market depth easily which is probably close enough to what you are after?
The volume shown in mt4 is tick volume? I wasnt aware. I was looking for volume per bar...
  • #8
  • Last Post: Feb 7, 2010 2:23pm Feb 7, 2010 2:23pm
If I remember correctly, the only volume in forex is tick volume. There is no way to measure the actual volume traded, so the platforms use the number of price ticks received as an indicator or how many moves the market is making. It's not like volume in the stock market, but it is helpful to get a sense of if the market is active and to identify ranges and trends. To confirm that just change to a tick chart with the volume indicator on, you will see all the bars are at the same level.

Regarding your question about VT, I have had no execution trouble lately, been very happy there. I heard of issues a few years ago, but recently it has been really quick.
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