volume of Renko for forex - futures io
futures io
Browse
Register
Downloads / Indicators
Trading Webinars
Articles
Upgrade to Elite

Quotes by TradingView
Go Back   futures io >  Trading Community >  Platforms and Indicators >  MultiCharts  > 


volume of Renko for forex


Discussion in MultiCharts

Updated
      Top Posters
    1. looks_one jiaqiangmit with 5 posts (0 thanks)
    2. looks_two choke35 with 4 posts (1 thanks)
    3. looks_3 Beljevina with 2 posts (0 thanks)
    4. looks_4 ABCTG with 1 posts (0 thanks)
    1. trending_up 1,500 views
    2. thumb_up 1 thanks given
    3. group 3 followers
    1. forum 11 posts
    2. attach_file 1 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

volume of Renko for forex
(login for full post details)
   #1 (permalink)
 jiaqiangmit 
Elite Member
Mianyang China
 
Experience: Beginner
Platform: Multicharts
Broker: broker: Oanda
Trading: HSI, DAX, ES
 
Posts: 81 since Aug 2017
Thanks: 18 given, 10 received

Hi guys,
For forex using renko chart, cannot plot the tick count volume. How can I make it to show the tick volume on renko? thanks.

Started this thread Reply With Quote

Journal Challenge April 2021 results:
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(620 thanks from 61 posts)
looks_twoSalao's Journalby Salao
(163 thanks from 29 posts)
looks_3Learning to Profit - A journey in algorithms and optionsby Syntax
(115 thanks from 27 posts)
looks_4Deetee’s DAX Trading Journal (time based)by Deetee
(94 thanks from 30 posts)
looks_5Maybe a little bit different journalby Malykubo
(53 thanks from 32 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
I finally blew up an account
107 thanks
The Crude Dude Oil Trading System
85 thanks
Spoo-nalysis ES e-mini futures S&P 500
66 thanks
The tiyfTradePlanFactory indicator
32 thanks
Want your NinjaTrader indicator created, free?
17 thanks
 
(login for full post details)
   #2 (permalink)
 choke35 
Elite Member
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received


jiaqiangmit View Post
Hi guys,
For forex using renko chart, cannot plot the tick count volume. How can I make it to show the tick volume on renko? thanks.

There is no such thing as forex volume since there is no centralized forex trading, but only pools of different sizes.

Reply With Quote
The following user says Thank You to choke35 for this post:
 
(login for full post details)
   #3 (permalink)
 jiaqiangmit 
Elite Member
Mianyang China
 
Experience: Beginner
Platform: Multicharts
Broker: broker: Oanda
Trading: HSI, DAX, ES
 
Posts: 81 since Aug 2017
Thanks: 18 given, 10 received



choke35 View Post
There is no such thing as forex volume since there is no centralized forex trading, but only pools of different sizes.

yeah, tick volume works. but the renko on MC has cannot plot tick volume, that's what's I am asking.

Started this thread Reply With Quote
 
(login for full post details)
   #4 (permalink)
 choke35 
Elite Member
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received


jiaqiangmit View Post
yeah, tick volume works. but the renko on MC has cannot plot tick volume, that's what's I am asking.

Whatever your tick volume shows, it's absolutely meaningless in forex.

Reply With Quote
 
(login for full post details)
   #5 (permalink)
 jiaqiangmit 
Elite Member
Mianyang China
 
Experience: Beginner
Platform: Multicharts
Broker: broker: Oanda
Trading: HSI, DAX, ES
 
Posts: 81 since Aug 2017
Thanks: 18 given, 10 received


choke35 View Post
Whatever your tick volume shows, it's absolutely meaningless in forex.

well, I just want the MC to show it on Renko, that's all I ask.

Started this thread Reply With Quote
 
(login for full post details)
   #6 (permalink)
 Beljevina 
Elite Member
Toronto, Canada
 
Experience: Advanced
Platform: NinjaTrader, MT4
Broker: Amp/CQG, Citibank
Trading: CL, GC, 6E, ES, TF, EURUSD, GBPJPY, AUDUSD
 
Beljevina's Avatar
 
Posts: 350 since Sep 2010
Thanks: 392 given, 576 received


choke35 View Post
There is no such thing as forex volume since there is no centralized forex trading, but only pools of different sizes.

This isn't completely true. Forex datafeeds are of varying quality, meaning they will show a volume tick per trade (not taking into account the dollar value), or, some feeds consolidate many players into their data push. Esignal probably has one of the best ones, consolidating dollar value of the trade at every tick - from over 200 large players - into it's volume feed. I wrote more about that here:


Also, there are decent and profitable trading strategies related to using this forex volume data, ie Wyckoff, VSA, and others, based on stopping volume, exhaustion, interest at certain price levels, etc.

Sorry to the original poster, I do not know the answer as I don't use MultiCharts.

Follow me on Twitter Reply With Quote
 
(login for full post details)
   #7 (permalink)
 choke35 
Elite Member
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received


Beljevina View Post
This isn't completely true. Forex datafeeds are of varying quality, meaning they will show a volume tick per trade (not taking into account the dollar value), or, some feeds consolidate many players into their data push. Esignal probably has one of the best ones, consolidating dollar value of the trade at every tick - from over 200 large players - into it's volume feed. ...


choke35 View Post
There is no such thing as forex volume since there is no centralized forex trading, but only pools of different sizes.

Think you just overread the second part of the answer ...

Reply With Quote
 
(login for full post details)
   #8 (permalink)
 Beljevina 
Elite Member
Toronto, Canada
 
Experience: Advanced
Platform: NinjaTrader, MT4
Broker: Amp/CQG, Citibank
Trading: CL, GC, 6E, ES, TF, EURUSD, GBPJPY, AUDUSD
 
Beljevina's Avatar
 
Posts: 350 since Sep 2010
Thanks: 392 given, 576 received


choke35 View Post
Whatever your tick volume shows, it's absolutely meaningless in forex.


choke35 View Post
There is no such thing as forex volume since there is no centralized forex trading, but only pools of different sizes.

My point was there is forex volume, and it can indeed be meaningful.

Follow me on Twitter Reply With Quote
 
(login for full post details)
   #9 (permalink)
 choke35 
Elite Member
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received


Beljevina View Post
My point was there is forex volume, and it can indeed be meaningful.

Why should one use any forex pool volume if you have real futures volume in the respective currencies?
Or to put it another way: How meaningless must a forex pair be to switch from a regulated contract to pool volume?

Reply With Quote
 
(login for full post details)
   #10 (permalink)
 jiaqiangmit 
Elite Member
Mianyang China
 
Experience: Beginner
Platform: Multicharts
Broker: broker: Oanda
Trading: HSI, DAX, ES
 
Posts: 81 since Aug 2017
Thanks: 18 given, 10 received


Hi guys,
Technically, I just want the Multicharts to show tick count in Renko charts, that's all I wish.

Started this thread Reply With Quote
 
(login for full post details)
   #11 (permalink)
 ABCTG  is a Vendor
 
 
Posts: 2,244 since Apr 2013
Thanks: 417 given, 1,495 received

jiaqiangmit,

I am not aware of the possibility to set the volume to tick count on Renko charts, but you might want to contact the MC support to clarify that.

Regards,

ABCTG

Follow me on Twitter Reply With Quote
 
(login for full post details)
   #12 (permalink)
 jiaqiangmit 
Elite Member
Mianyang China
 
Experience: Beginner
Platform: Multicharts
Broker: broker: Oanda
Trading: HSI, DAX, ES
 
Posts: 81 since Aug 2017
Thanks: 18 given, 10 received


ABCTG View Post
jiaqiangmit,

I am not aware of the possibility to set the volume to tick count on Renko charts, but you might want to contact the MC support to clarify that.

Regards,

ABCTG

Thanks.
I just registered in their forum, not activated yet.

Attached Thumbnails
Click image for larger version Name: no backfill with Duka.png Views: 52 Size: 25.7 KB ID: 244314  
Started this thread Reply With Quote


futures io >  Trading Community >  Platforms and Indicators >  MultiCharts > volume of Renko for forex

« Stuck! How to code simple currency backtest | Which broker provide "volume" data for MC? »

Last Updated on December 6, 2017


Upcoming Webinars and Events

NinjaTrader Indicator Challenge!

 Ongoing

Journal Challenge w/$1,800 in prizes!

 May 7

The Cold Hard Truth: Maybe I Am Not Good Enough w/Chris Gray @ Earn2Trade

Elite only
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts