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Re: Volume Indicators for MT4

#191
J_C_Anderson wrote:
Thu Sep 19, 2019 2:12 pm
This question might be too general, but it is quite important. What is the source from the volume data? If we speak about stocks it is quite easy - it would be the actual volume traded on particulr exchange or group of exchanges (like it works in US). But what happens at Forex? Since the market is decentralized,we can assume that we see something like estimated volume calculated by the broker, which includes the impact of institutional participants and does not include the trades made by retial traders since retail brokers act as a counterpart to this trades.

Please, give a bit more light on this issue. To my mind, it is important to understand the nature of volume to be able to make decisions using it.
source of volume is ticks.............. u know what tho................ tick volume shall not be frowned upon bcos studies show strong correlation between tick volume & real volume :thumbup:


Re: Volume Indicators for MT4

#193
moey_dw wrote:
Thu Sep 19, 2019 3:42 pm
source of volume is ticks.............. u know what tho................ tick volume shall not be frowned upon bcos studies show strong correlation between tick volume & real volume :thumbup:
If i may... yes, it looks like there is a correlation but that same study also points out to a very important difference:
tick volumes is volatility in transaction quantity rather than transaction quality.
Meaning: you need extensive knowledge of VSA to get closer to the overview that real volume gives you.
And yes, though the OTC FX market is obviously a decentralized market, real volumes can be a true advantage if you pick the right data (non reporting dealers like institutional investors, investment banks, hedge funds etc... aka smarter money). To my knowledge, transaction data for smart money (inter-bank) isn't available for the mass.

Just my opinion.

Re: Volume Indicators for MT4

#194
Can anyone help me as I can't download mq4 file, my computer ask for app inorder to be able to download mq4 files. I can download ex4 file but not mq4
please advise. cheers


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