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volume of Renko for forex


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volume of Renko for forex

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  #1 (permalink)
 jiaqiangmit 
Mianyang China
 
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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.

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 choke35 
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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.

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  #3 (permalink)
 jiaqiangmit 
Mianyang China
 
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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.

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 choke35 
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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.

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  #5 (permalink)
 jiaqiangmit 
Mianyang China
 
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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.

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 Beljevina 
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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.

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 choke35 
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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 ...

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 Beljevina 
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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.

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 choke35 
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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?

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

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 ABCTG   is a Vendor
 
 
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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

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  #12 (permalink)
 jiaqiangmit 
Mianyang China
 
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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.

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