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Hi. I'm looking for similar data feed. Did you found best solution (author), or someone have more ideas? I'm looking mostly for order flow, footprint, delta and similar volume based indicators. Is there any possiblility to find it even on free demo accounts? I want to learn using this features without paying much money (poor me ). Thanks for help (in advance).
Can you help answer these questions from other members on NexusFi?
There is no such thing as 'spot fx data' in comparison to stocks, futures, treasuries etc. It is important to understand there is no centralised exchange in forex where all orders are routed to so you can see who is buying and how much.
You have pools where banks join together to create a market but there is NO single exchange. There could be 5 different liquidity pools just for Eurusd and if your liquidity pool does give you volume data then it clearly won't have any of the details of buying amd selling taking place in the 4 other liquidity pools. You will need to check where the data is coming from that IB is providing. If it is coming from just it's own order book then it will not be much use.
If you have data from one of these institutional liquidity pools then that's good but it still won't provide a complete picture.
). Thanks for help (in advance).