I recently got into Forex and am using Volume in my trading. I know how people always used to say "the time volume will really be helpful in Forex will be when they provide actual volume figures and not tick volume". Well this is what the Real volume does right? Even if it's only capturing what the FXCM order books record it must still be alot more usefull and acturate than tick volume. I have compared the two side by side and real volume has more definition for sure.
The problem is that I was not around when the real volume indicator by FXCM trading station was released and I cannot seem to find much information on it. So i'm wondering if its really as good as I think it is?
I have another question about it also. They also have a directional Volume indicator which not only shows the volume but how much of that candle was buy orders and how much were sell orders. Does this not tell us exactly what the Market Makers are doing? If we are seeing large buy orders at a bottom of a range with few sell orders at the top of the range then we can assume money makers are accumilating buys. Isn't this incredibly powerful?
They even have a market flow indicator which basically does this calculation (Volume/transaction). So if there is a spike is shows clearly that there was a unusual amount of volume with very few transactions. This tells us money makers were involved there.
Although I have also read that the real volume does not include institutions so only retail volume.. Not sure how this can be true when a daily candle shows about 4 trillion in trades. Surely this is not only retail.
So did people jump on to trading station and start using these indicators and scrap the tick volume? Or am I giving this too much credit.
thanks
The problem is that I was not around when the real volume indicator by FXCM trading station was released and I cannot seem to find much information on it. So i'm wondering if its really as good as I think it is?
I have another question about it also. They also have a directional Volume indicator which not only shows the volume but how much of that candle was buy orders and how much were sell orders. Does this not tell us exactly what the Market Makers are doing? If we are seeing large buy orders at a bottom of a range with few sell orders at the top of the range then we can assume money makers are accumilating buys. Isn't this incredibly powerful?
They even have a market flow indicator which basically does this calculation (Volume/transaction). So if there is a spike is shows clearly that there was a unusual amount of volume with very few transactions. This tells us money makers were involved there.
Although I have also read that the real volume does not include institutions so only retail volume.. Not sure how this can be true when a daily candle shows about 4 trillion in trades. Surely this is not only retail.
So did people jump on to trading station and start using these indicators and scrap the tick volume? Or am I giving this too much credit.
thanks