Volume Indicator

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moldem
379
moldem  

Apparently, it is not impossible to have a volume indicator for Forex.

http://video.google.ca/videoplay?docid=-4894739832417484315

Alternatively, the indicator can count the number of ticks per bar to give an approximation of activity.

Does anyone have a similar indicator?

hidethereal
117
hidethereal  

The volume indicator comes standard on Meta Trader sofware, it is not accurate due to not being able to measure the size of the trades causing the ticks.

moldem
379
moldem  
hidethereal:
The volume indicator comes standard on Meta Trader sofware, it is not accurate due to not being able to measure the size of the trades causing the ticks.

Yes, i agree. The standard metatrader volume indicator is not accurate. In addition, forex isn't centralized, so there is no one real price at any moment in time.

However, having a tick count indicator for each bar would be useful in determining activity levels.

eli
609
eli  
moldem:
Yes, i agree. The standard metatrader volume indicator is not accurate. In addition, forex isn't centralized, so there is no one real price at any moment in time. However, having a tick count indicator for each bar would be useful in determining activity levels.

I wrote this indicator to count ticks. It will give you tick count for every minute. It help when u see high number of ticks per minute. Maybe it help you

Files:
fxcruiser
1053
fxcruiser  
moldem:
Yes, i agree. The standard metatrader volume indicator is not accurate. In addition, forex isn't centralized, so there is no one real price at any moment in time. However, having a tick count indicator for each bar would be useful in determining activity levels.

will this help. i use this on my e mini charts.

ENJOY!

fxcruiser

Files:
moldem
379
moldem  

Thanks guys

moldem
379
moldem  

Does anyone know how to display each indicator's values seperately?

For example, running the 'clock' indicator and 'tick' indicator, one will always overwrite the other. Is there a way to print them one after another?

Also, does the tick indicator allow for other timeframe periods other than m1?

eli
609
eli  
moldem:
Does anyone know how to display each indicator's values seperately?

For example, running the 'clock' indicator and 'tick' indicator, one will always overwrite the other. Is there a way to print them one after another?

Also, does the tick indicator allow for other timeframe periods other than m1?

use this version. u can change the timeframe of the ticks

Files:
moldem
379
moldem  

Thanks, this version is great.

Do you know if it possible to specify output text location?

Kelch Monteiro
113
Kelch Monteiro  

Somebody know/have the positive volume index, negative volume index and price volume trend? I was searching in net but I only found the positive.

Mladen Rakic
106124
Mladen Rakic  
Kelch Monteiro:
Somebody know/have the positive volume index, negative volume index and price volume trend? I was searching in net but I only found the positive.

Kelch

Since metatrader does not have normal volumes (only ticks) and since forex volumes can only be roughly estimated, probably the use of any volume related indicators in forex is very, very limited

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