I've been looking for a volume alert indicator with email functionality.
If volume > x, then send email or audible alert.
For example today in early Asian trading I could see carries were set to run, so I would have placed the volume alert on EURJPY or GBPJPY. Rather than enter in light Asian trading I would wait for confirmation in early Europe trading.
Due to a tight range yesterday we know an early trend today is likely and we can use volume to notify us when traders have awaken the market. Today asian banks were noted buying the GBP and you can see in late Asian session the volumes are unusually high.
I understand mt4 volumes are dependant on data feed and regarding tick volume but I've done extensive studies (more than most) and I've found mt4 volumes to have value. [Bandwagon thinkers can stop reading now] Consider that UBS supplies liquidity to almost every institutional liquidity pool in the world. UBS is only one example we could use. Now if UBS has a tick go through for 100mio mt4 receives that information because this particular mt4 broker passes volume off to BGC in London; for example. Of course we don't get every price update from BGC to our mt4 front end. Software thins the price updates by some ratio. Regardless we see when there is more or less activity on the interbank market by looking at the mt4 volume data.
Sorry for the ramble.
If volume > x, then send email or audible alert.
For example today in early Asian trading I could see carries were set to run, so I would have placed the volume alert on EURJPY or GBPJPY. Rather than enter in light Asian trading I would wait for confirmation in early Europe trading.
Due to a tight range yesterday we know an early trend today is likely and we can use volume to notify us when traders have awaken the market. Today asian banks were noted buying the GBP and you can see in late Asian session the volumes are unusually high.
I understand mt4 volumes are dependant on data feed and regarding tick volume but I've done extensive studies (more than most) and I've found mt4 volumes to have value. [Bandwagon thinkers can stop reading now] Consider that UBS supplies liquidity to almost every institutional liquidity pool in the world. UBS is only one example we could use. Now if UBS has a tick go through for 100mio mt4 receives that information because this particular mt4 broker passes volume off to BGC in London; for example. Of course we don't get every price update from BGC to our mt4 front end. Software thins the price updates by some ratio. Regardless we see when there is more or less activity on the interbank market by looking at the mt4 volume data.
Sorry for the ramble.
It really is that easy.