There is no real volume in forex and I am aware that the volume is different for every platform. But ticks at least correlate with the futures volume and maybe we can use them to gain a little bit of information.
Imagine a few scenarios:
Are those valid patterns? I don't know but maybe you can find some. We might be able to spot bigger positions and difference on higher timeframes. The picture is 1 min only due to the fact that we need real time data to generate the values I just wanted to try out the indicator
I don't have much insight about using volume in trading but maybe I can spark an interesting discussion.
Imagine a few scenarios:
- Price went up in 2 seperate ticks but the price came back down to the starting level again only in 1 tick. We might be able to conclude that a huge short position entered the market. (Big money?)
- The ask changes but the bid stays the same what does this tell us?
I usually don't use mt4 anymore but earlier today I decided to start fire it back up again to write a 5liner of code.
Are those valid patterns? I don't know but maybe you can find some. We might be able to spot bigger positions and difference on higher timeframes. The picture is 1 min only due to the fact that we need real time data to generate the values I just wanted to try out the indicator
I don't have much insight about using volume in trading but maybe I can spark an interesting discussion.
Attached File(s)
TicksSeparateVolume.mq4
3 KB
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809 downloads