[sharehunter]

Dear Friends!

My main method is VSA so when I join to currency and commondities market , I feel so difficult. Now I am study about to tick volume to use this like a real volume in stock market. But I am still don’t understand about Tick Volume, please kindly help me about some part of tick volume as bellow:

- What is tick volume? How to calculate tick volume and please give me an example
- Please introduce to me some brokers have MT4 platform and providing good tick volume

[Tams]

Originally Posted by sharehunter »

Dear Friends!

My main method is VSA so when I join to currency and commondities market , I feel so difficult. Now I am study about to tick volume to use this like a real volume in stock market. But I am still don’t understand about Tick Volume, please kindly help me about some part of tick volume as bellow:

- What is tick volume? How to calculate tick volume and please give me an example
- Please introduce to me some brokers have MT4 platform and providing good tick volume

one tick = one trade

each trade can be in any volume

some trades are larger
some trades are smaller

in stocks, a minimum volume is 100 shares,
in futures, a minimum volume is 1 contract,

in forex... volume can be in any size, and is not usually reported.

[cjforex]

I have had to use ticks/trades as a proxy for volume. I abandoned it as it doesn't perform the same.

My next course of action was to access futures data where volume is reported. Ie. Use futures data to make trade decisions, then execute on the forex platform.

I never followed through as my research took me in a different direction. But if volume is your thing, that's the way to go.

Good Luck!

CJForex

[Xiao si]

Originally Posted by Tams »

one tick = one trade

each trade can be in any volume

some trades are larger
some trades are smaller

in stocks, a minimum volume is 100 shares,
in futures, a minimum volume is 1 contract,

in forex... volume can be in any size, and is not usually reported.

In currency futures you can of course see the volume unlike the interbank market, as Tams says. This is where most traders that use Price and volume would ply their trade IMO.

If you have a 200 tick chart and it is showing 380 volume for the last bar, and 250 for the previous you can see that the average contract size traded has increased, handy info.

Cheers,


XS

[MightyMouse]

Originally Posted by Xiao si »

In currency futures you can of course see the volume unlike the interbank market, as Tams says. This is where most traders that use Price and volume would ply their trade IMO.

If you have a 200 tick chart and it is showing 380 volume for the last bar, and 250 for the previous you can see that the average contract size traded has increased, handy info.

Cheers,


XS

If you want to get an estimate of volume in the currencies or in any instrument that does not report volume, then learn how to use Market Profile.The original use for MP was to estimate volume on futures when volume was not reported. The MP equation is Time x Price = Volume. If you know 2, then you know the third.

Futures volume on currencies is just a sliver of the volume traded. I do not trust that it is a good representation of total volume.

[Xiao si]

Originally Posted by MightyMouse »

Futures volume on currencies is just a sliver of the volume traded.

Of course it is, its 8 hours out of 24hr market for starters. To boot, its contact volume.

Still, its the closest thing to true volume in the currency markets.

XS

[sharehunter]

i know a little bit about MP but still do a research on it. right now I use tick volume of fxcm to for trading on wyckoff method. it lead to a good performance.

but i still dont completely understand what is tick volume and what is high tick volume mean, what is low tick volume mean. how does it stand for low and high activity, why it can be the same meaning with real volume

thanks

[zdo]

but i still dont completely understand what is tick volume and what is high tick volume mean, what is low tick volume mean. how does it stand for low and high activity,

Tick Volume is simply a count of how many trades were recorded during that bar with no accounting for the size of those transactions. Real volume includes the size of trades in the recording.
Across large samples, tick volume correlates pretty well with real volume(especially with spikes) - but there are certain conditions when real volume is the only way to utilize 'volume' measures ...

re

why it can be the same meaning with real volume

At its simplest, high and low tick and real volumes both show levels of participation and urgency, etc

oanda now has MT4 and I would 'trust' their tick count more than I would fxcm's - but who knows they may be the same... I have never had an fxcm account... any broker using Gain feed (if it's still called that) would also do in a pinch... ultimately you want to get to at least currenex level feed and if you're going to be really dependent on volume measures (ala Wycoff) get to futures and / or out of FX altogether...hth