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Re: Volume Indicators for MT4
Posted: Thu Sep 19, 2019 3:42 pm
by moey_dw
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
Re: Volume Indicators for MT4
Posted: Fri Sep 20, 2019 5:04 pm
by moey_dw
mrtools wrote: Wed Sep 18, 2019 3:11 am
Could you test this version?
PERFECT
Re: Volume Indicators for MT4
Posted: Mon Oct 07, 2019 9:55 pm
by Loki
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
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
Posted: Thu Oct 10, 2019 7:43 pm
by tlfinau
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
Re: Volume Indicators for MT4
Posted: Mon Oct 21, 2019 11:46 am
by Teebone21
mntiwana wrote: Fri Jan 12, 2018 8:06 am
Quantile based signed volume analysis
The version with usual prices,periods and up/down quantile percentage/level
I am very interested in the Signed Volume Analysis but i cant understand what it measures. Anyone help with explanation.?
Re: Volume Indicators for MT4
Posted: Mon Oct 21, 2019 6:29 pm
by Panorama
Nice!
Re: Volume Indicators for MT4
Posted: Mon Nov 11, 2019 5:52 am
by mrtools
This is a jurik moving average smoothed money flow index with arrows,alerts, and mtf.
Re: Volume Indicators for MT4
Posted: Fri Nov 15, 2019 2:47 am
by naluvs01
Hi everyone,
Here is a volume indicator that is very interesting. I don't remember where I got it from, but I hope someone finds it useful. It has different mode settings that can be adjusted to your liking.
The Mode settings are at the top: Set, Candle, Variable & Volume. Happy trading!
(hint) I wish it had push notifications...
Re: Volume Indicators for MT4
Posted: Fri Nov 15, 2019 2:58 am
by ChuChu Rocket
naluvs01 wrote: Fri Nov 15, 2019 2:47 am
Hi everyone,
Here is a volume indicator that is very interesting. I don't remember where I got it from, but I hope someone finds it useful. It has different mode settings that can be adjusted to your liking.
The Mode settings are at the top: Set, Candle, Variable & Volume. Happy trading!
(hint) I wish it had push notifications...
Interesting stuff you have in your collection Nal. Will definitely check it out mate, thanks for posting these goodies
Re: Volume Indicators for MT4
Posted: Fri Nov 15, 2019 3:12 am
by mrtools
naluvs01 wrote: Fri Nov 15, 2019 2:47 am
Hi everyone,
Here is a volume indicator that is very interesting. I don't remember where I got it from, but I hope someone finds it useful. It has different mode settings that can be adjusted to your liking.
The Mode settings are at the top: Set, Candle, Variable & Volume. Happy trading!
(hint) I wish it had push notifications...
Would need the source code to do modifications.