How to use volume indicator - page 3

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FarewellDesire:
It looks interesting

Thanks! I hope you get the time to try it!

 

Where to find daily market volume?

If you go to some websites or do a little homework, you'll see statements like "The forex is the worlds largest market. Trading 1.5 Trillion USD per day."

I'm just wondering if there are any site out there that actually post daily amounts of dollar volume?

If you know of any, please post.

Thanks

 
JJLL:
If you go to some websites or do a little homework, you'll see statements like "The forex is the worlds largest market. Trading 1.5 Trillion USD per day."

I'm just wondering if there are any site out there that actually post daily amounts of dollar volume?

If you know of any, please post.

Thanks

Yeah. That is good question.

edit: I have found answer:

In Metatrader go to: TOOLS -> History Center

Choose currency pair that you are intrested, choose "daily", and you have volume there.

http://img406.imageshack.us/img406/8710/volumeforexcq8.png

 
pawelsz:
Yeah. That is good question.

edit: I have found answer:

In Metatrader go to: TOOLS -> History Center

Choose currency pair that you are intrested, choose "daily", and you have volume there.

http://img406.imageshack.us/img406/8710/volumeforexcq8.png

Thanks for the reply.

After posting a little bell clicked in my head saying "Any daily chart should tell you this "

Thanks again.

 

I think you are wrong it is just the broker volume

to find out the daily volume check this article from babypips

http://www.babypips.com/school/commitment_of_traders_report.html

 

I use metatrader and babypips.. to get one solid answer

 
Files:
volume_histogram.jpg  147 kb
 

Volume Indicators and Derivatives

I'm in the process of developing a system and I need an indicator or indicators that accurately measure volume and volatility. I'm also looking for volume weighted indicators. Sorry, hate to be needy but I do feel that these will help anyone else developing a system of their own as well. Thanx in advance, I know volume in the forex is not observed as closely as it is in other investment vehicles.

 

EliteJ,

are you planning to trade on closed bars only? 'cause if you attach volumeweight to you indicator, (today's volume), it will be small when bar is created and then rise, causing were strange results of the indicator..

 

Exactly what is "Volume" in MT4?

Is volume the number of contracts executed during the bar for the broker or market-wide? Is the volume "tick-based" and a real count or is it an estimate by MT4? Is there any way to capture the lot size of market-wide contracts? Can anyone direct me to a good source of information on market volume statistics or reports and how meaningful/reliable the numbers are as reported by MT4?

Any help or redirection would be greatly appeciated

Thanks......DeadEye96

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