Hi there,
I understand the forex volume is a little tricky with no central exchange etc. Still it seems that FXCM is meant to provide their volume information to NT (other posts talk about the forex volume across the 12 banks in their network etc.), which I would like to analyse.
I am just looking into analyzing up/down ticks and associated volumes and according to my research each tick from FXCM simply comes in with a volume of 100k which makes it look like real volume but is actually just a tick-count.
Could you please confirm whether that is the case? It essentially renders any volume analysis with FXCM useless.
Image attached shows
Panel 1: the up/down tick count (i.e. UpTicks + DnTicks = total ticks per bar)
Panel 2: the up/down tick volume (i.e. UpVol + DnVol = total volume for bar, note identical image to Panel 1, different scale)
Panel 3: the NT volume up down indicator
Regards
Frank
PS: My indicators are off by 1 tick/100k consistently across all bars but that's not the problem here...
I understand the forex volume is a little tricky with no central exchange etc. Still it seems that FXCM is meant to provide their volume information to NT (other posts talk about the forex volume across the 12 banks in their network etc.), which I would like to analyse.
I am just looking into analyzing up/down ticks and associated volumes and according to my research each tick from FXCM simply comes in with a volume of 100k which makes it look like real volume but is actually just a tick-count.
Could you please confirm whether that is the case? It essentially renders any volume analysis with FXCM useless.
Image attached shows
Panel 1: the up/down tick count (i.e. UpTicks + DnTicks = total ticks per bar)
Panel 2: the up/down tick volume (i.e. UpVol + DnVol = total volume for bar, note identical image to Panel 1, different scale)
Panel 3: the NT volume up down indicator
Regards
Frank
PS: My indicators are off by 1 tick/100k consistently across all bars but that's not the problem here...
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