I am new here, starting to play around with MT4 and it looks great. I usually trade the forex market and sometimes the FTSE100 index. My question is about the index.
I was wondering, since the FTSE100 is supposed to be a regulated index by Eurex, would it be possible to get some sort of "contracts" indicator?...understanding by contracts indicator an estimation (or infer/calculate), while a candle in ongoing (1H, 4H, etc) if contracts traded are more buy contracts or sell contracts. I am not sure about this, but I think that, as a regulated instrument, this info is maybe available somehow??
I am asking because, to my understanding, this is not the same as the traditional Volume Indicator, which only gives an average "tick count" if I am not wrong....Feel free to correct me if I am wrong.
Thanks a lot!
In MT4, real volume is not available on the platform, only tick volume for that broker alone, nor is the order book data available!
However, some information can be inferred and approximated in one of two ways (or a combination of both):
Both methods are just approximations, as they only take into account the tick volume of the broker and not the actual real volume of transactions world wide.
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