How do I see volume? | Forex Factory

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How do I see volume?

  • #1
  • First Post: Nov 14, 2012 9:27am Nov 14, 2012 9:27am
I have an account with IGIndex and I can't see volume on my charts.

Am I doing something stupid? Or do these platforms not provide that information? How do I go about getting it?
  • #2
  • Nov 14, 2012 9:44am Nov 14, 2012 9:44am
Quoting WideEyed
I have an account with IGIndex and I can't see volume on my charts.

Am I doing something stupid? Or do these platforms not provide that information? How do I go about getting it?
It seems that IGIndex allows sereral trading platforms, which one do you use?
  • #3
  • Nov 14, 2012 10:19am Nov 14, 2012 10:19am
Good question. I went and checked. They seem to have two types of accounts - a basic "Limited Risk" account and their "Plus" account.

Mine is the Plus account. I've had it for at least a couple of years.
  • #4
  • Nov 15, 2012 9:51am Nov 15, 2012 9:51am
But still what platform do you use? It doesn't matter what type of account do you have
  • #5
  • Edited 11:01am Nov 15, 2012 10:50am | Edited 11:01am
Doing a bit of research now I see they offer Android, MT4 and "web based trading". Mine's the latter.
  • #6
  • Nov 16, 2012 4:29am Nov 16, 2012 4:29am
Quoting WideEyed
Doing a bit of research now I see they offer Android, MT4 and "web based trading". Mine's the latter.
do not know if Web Based trading allows you to see volumes but if they offer MT4 then you can install it and perform your analysis there
  • #7
  • Nov 16, 2012 5:00am Nov 16, 2012 5:00am
Thanks, metroman, problem now solved!

I've installed MT4 (with another broker as I can't seem to find a way to do it with IGM).

Hey, this is cool! It certainly seems to offer a lot of possibilities including creation of my own EAs and backtesting!

This is stupid. Why didn't I know about this earlier!? <kicking myself>
  • #8
  • Nov 16, 2012 5:41pm Nov 16, 2012 5:41pm
Quoting WideEyed
Thanks, metroman, problem now solved!

I've installed MT4 (with another broker as I can't seem to find a way to do it with IGM).

Hey, this is cool! It certainly seems to offer a lot of possibilities including creation of my own EAs and backtesting!

This is stupid. Why didn't I know about this earlier!? <kicking myself>
Yeah, MetaTrader is really cool and I love working with it.
  • #9
  • Nov 23, 2012 12:21pm Nov 23, 2012 12:21pm
Can I ask where the MT4's volume figure comes from? Is it an aggregation of positions taken by MT4 users across multiple brokers or ... is it something else?

Are there are other volume indicators (particularly ones that show volumes from the big fish transactions)?
  • #10
  • Nov 24, 2012 6:04am Nov 24, 2012 6:04am
Click on chart and click volume..simple..
  • #11
  • Nov 24, 2012 8:26am Nov 24, 2012 8:26am
Thanks for your reply, but your post doesn't answer the latest question. As with all your other recent posts, it seems to exist simply to give your signature link some publicity. In this section of the forum alone you've made five replies in seven minutes (including the time spent typing your replies). I don't reckon you've read any of those threads you posted in.

If you know so much about trading that you've got your own blog on the subject that you're trying so hard to get us to visit, how about demonstrating your knowledge by answering my latest post (rather than answering the title of this thread)?
  • #12
  • Nov 30, 2012 1:32am Nov 30, 2012 1:32am
push CTRL + L on your keyboard and the volume will show up
  • #13
  • Nov 30, 2012 11:39pm Nov 30, 2012 11:39pm
Quoting WideEyed
Thanks, metroman, problem now solved!

I've installed MT4 (with another broker as I can't seem to find a way to do it with IGM).

Hey, this is cool! It certainly seems to offer a lot of possibilities including creation of my own EAs and backtesting!

This is stupid. Why didn't I know about this earlier!? <kicking myself>
MT4 tricks and techniques listed here. Hope it's helpful to you.
  • #14
  • Dec 1, 2012 1:21am Dec 1, 2012 1:21am
Keep in mind that classic volume profiles don't exist in forex like they do in most equities and commodities with a central exchange. The best you can do in forex is use tick volume, which doesn't seem to be very useful.
  • #15
  • Dec 1, 2012 1:51am Dec 1, 2012 1:51am
Quoting Kanzler
Keep in mind that classic volume profiles don't exist in forex like they do in most equities and commodities with a central exchange. The best you can do in forex is use tick volume, which doesn't seem to be very useful.
Agree totally with you that, with spot forex, it is tick volume and also specific to the (MT4) br0ker only, but I have nonetheless found volume to be useful as a very rough proxy for highlighting professional activity (although this is occurring at a higher microstructure level). Climax volume candles (I use mainly M15 charts) occasionally show when pro activity is helping to fuel breakouts, and also when a move may be approaching exhaustion. Also, highs and lows of CVCs often later create S/R, which can become significant, especially if they are confluent with other key levels, adding weight to the probability of a stall/reversal around that area. Of course this is a generalization, and far from foolproof (there are many other market drivers), but it's another tool in my analysis toolbox. I have posted charts elsewhere, demonstrating in more detail how I use CVCs.
  • #16
  • Dec 1, 2012 1:57am Dec 1, 2012 1:57am
Quoting hanover
Agree totally with you that, with spot forex, it is tick volume and also specific to the (MT4) br0ker only, but I have nonetheless found volume to be useful as a very rough proxy for highlighting professional activity (although this is occurring at a higher microstructure level). Climax volume candles (I use mainly M15 charts) occasionally show when pro activity is helping to fuel breakouts, and also when a move may be approaching exhaustion. Also, highs and lows of CVCs often later create S/R, which can become significant, especially if they are...
I had noticed that volume typically spiked with large moves, but figured that this was to be expected. I'll have to pull out my volume tool next week and keep an eye on it live - interesting insight. Always something to learn from your high quality posts, hanover.
  • #17
  • Dec 3, 2012 1:30am Dec 3, 2012 1:30am
Quoting hanover
MT4 tricks and techniques listed here. Hope it's helpful to you.
Now that's a link that should prove to of use, and on the volume, does it really matter for determining your entry and exit points? As a strategy tool is it worth checking out the volume?
  • #18
  • Dec 3, 2012 2:42am Dec 3, 2012 2:42am
Quoting Forexnuts
Now that's a link that should prove to of use, and on the volume, does it really matter for determining your entry and exit points? As a strategy tool is it worth checking out the volume?
I explained it briefly in post #15. I've posted some illustrative charts over the years; they're scattered and unfortunately I haven't saved the links. I got most of my ideas from the VSA threads, on FF and TL forums.
  • #19
  • Dec 3, 2012 5:07am Dec 3, 2012 5:07am
Quoting hanover
MT4 tricks and techniques listed here. Hope it's helpful to you.
Yes, I found that a few days ago and your tip on crosshairs was particularly useful. Extracts from the rest of that post and the shortcuts you listed are printed out and currently decorate my wall. You can take it that they were helpful. Thanks

I've read many of the VSA threads as well - and Tom Williams' Master the Markets which talks almost entirely about volume (perhaps because of the TradeGuider product) - but I appreciate that volume is just one of the inputs and it also has the potential to deceive on occasion.

Quote
Agree totally with you that, with spot forex, it is tick volume and also specific to the (MT4) br0ker only
Is there any way to get a better picture on volume? L2? Do brokers like Oanda and IGM provide this data? Or is it the case that the only way to get it is to pay for it?
  • #20
  • Dec 3, 2012 5:55am Dec 3, 2012 5:55am
You cannot get Volume for Forex.

Some brokers will show "volume" on a chart, but it only local volume that they can measure, and probably has little relevance to actual Interbank volume, which is worldwide, 24/5 and completely decentalized (can't be tracked).
In the days of old when sailors were bold, and seldom if ever contented.
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