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How reliable do you think volume data is?(on forex)

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Do you know that MQL5 can create custom graphical tools?
Lorentzos Roussos
9422
Lorentzos Roussos 2014.10.21 20:54 
Its mostly adressed to indicator developers but , traders opinions are valuable as well.

I personally consider Volume data (if what im reading "Volume is the number of ticks within the broker" is true)  equal to useless or ignorable.
Stanislav Korotky
17942
Stanislav Korotky 2014.10.21 23:03  
LoRio:
Its mostly adressed to indicator developers but , traders opinions are valuable as well.

I personally consider Volume data (if what im reading "Volume is the number of ticks within the broker" is true)  equal to useless or ignorable.
Tick volume correlates with real volume, and real volume can be simulated/restored more or less accurate from tick volume. There are such products in the market - just do a search.
Lorentzos Roussos
9422
Lorentzos Roussos 2014.10.22 09:53  
marketeer:
Tick volume correlates with real volume, and real volume can be simulated/restored more or less accurate from tick volume. There are such products in the market - just do a search.
Hmm . Indeed.Thanks.

So if i record ticks as upticks and downticks , and relate it to price change i can get a snapshot of the market based on the fact the broker has to transact with its liquidity providers.

On closed candles i can go as far as performing an estimate though.
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