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Which broker provide "volume" data for MC?


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Which broker provide "volume" data for MC?

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  #1 (permalink)
Mianyang China
 
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Hi guys,
I think I have found what I need.

We know that the Forex market has no volume, and we can use tick count as a proxy of volume. On Multicharts in bar charts, insert the Volume study, we can choose to use "traded volume" or "count tick".

Now Oanda is my broker, their data feed provide the volume information as count tick, and their "volume" is empty or 0.

As Renko is a must of my trade, I need it to show volume. So here comes the problem. On renko charts, the volume can only set to "traded volume", so when inserted the volume indicator, it just shows a line of zero.

To fix this, I think I have three ways to solve this, easy to hard:
1. Find a broker whose data feed (especially for Forex) contains traded volume as well as tick count.

2.Now the data feed of Oanda in "traded volume" is empty, if I can configurate the Multicharts to make the "traded
volume" equals to the "tick count".

3. Ask Multicharts to add traded volume in renko charts.


So for the first two, any suggestions?
Thanks.

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  #2 (permalink)
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Regarding any widespread pair alternative 4. is discarding the pool nonsense, using the respective
futures volume instead.

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  #3 (permalink)
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choke35 View Post
Regarding any widespread pair alternative 4. is discarding the pool nonsense, using the respective
futures volume instead.

How to do that? For instance EUR/USD.

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  #4 (permalink)
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jiaqiangmit View Post
How to do that? For instance EUR/USD.

Use 6E volume as your volume indicator.

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  #5 (permalink)
Mianyang China
 
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choke35 View Post
Use 6E volume as your volume indicator.

thanks, I think in Oanda there is no 6E.

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  #6 (permalink)
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jiaqiangmit View Post
thanks, I think in Oanda there is no 6E.

That's the / one difference between bucket shops and exchanges.

6A, 6B, 6E, etc. is CME - regulated trading, real volume, real ticks AND volume that
contains everything there is.

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  #7 (permalink)
Mianyang China
 
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choke35 View Post
That's the / one difference between bucket shops and exchanges.

6A, 6B, 6E, etc. is CME - regulated trading, real volume, real ticks AND volume that
contains everything there is.

Thanks. Which broker are you using? Oanda's all data are in form of tick count.

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  #8 (permalink)
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jiaqiangmit View Post
Thanks. Which broker are you using? Oanda's all data are in form of tick count.

Among others, I'm using IB; but that's not really the nub of the matter.

Even with IB using an additional realtime data feed is needed depending on your trading scenario.

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  #9 (permalink)
Mianyang China
 
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choke35 View Post
Among others, I'm using IB; but that's not really the nub of the matter.

Even with IB using an additional realtime data feed is needed depending on your trading scenario.

Yeah, technically I need the Renko on Multicharts to show "tick count", or make "traded volume"="tick count" in MC.

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  #10 (permalink)
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jiaqiangmit View Post
Yeah, technically I need the Renko on Multicharts to show "tick count", or make "traded volume"="tick count" in MC.

So (imho) the best you can do is choosing a realtime data feed that provides CME data in MC ...

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  #11 (permalink)
Mianyang China
 
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choke35 View Post
So (imho) the best you can do is choosing a realtime data feed that provides CME data in MC ...

Thanks.

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  #12 (permalink)
 
 
Posts: 2,230 since Apr 2013
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jiaqiangmit,

I don't think the missing option is a problem of your data. I just checked it for you using the ES future and a Renko chart and the only option MC offers for "Build Volume On:" is "Trade Volume". When I change to a regular chart type, I can decide between "Trade Volume" and "Tick Count", but on Renko charts "Trade Volume" is all I can select.

Regards,

ABCTG


jiaqiangmit View Post
Yeah, technically I need the Renko on Multicharts to show "tick count", or make "traded volume"="tick count" in MC.


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  #13 (permalink)
Mianyang China
 
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ABCTG View Post
jiaqiangmit,

I don't think the missing option is a problem of your data. I just checked it for you using the ES future and a Renko chart and the only option MC offers for "Build Volume On:" is "Trade Volume". When I change to a regular chart type, I can decide between "Trade Volume" and "Tick Count", but on Renko charts "Trade Volume" is all I can select.

Regards,

ABCTG

Thank you. I can use tick count as a proxy of volume to trade Forex. Now the problem is, my broker, Oanda's data feed has no Trade Volume, so when I use renko, all the volume is 0. If I can do something to make the trade volume=tick count, that's great. I think it's a hard task.

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  #14 (permalink)
 
 
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jiaqiangmit,

you can always additionally chart a 1 tick datastream on the Renko chart and count the ticks yourself using an indicator.

Regards,

ABCTG

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  #15 (permalink)
Mianyang China
 
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ABCTG View Post
jiaqiangmit,

you can always additionally chart a 1 tick datastream on the Renko chart and count the ticks yourself using an indicator.

Regards,

ABCTG

That solves the problem! Which reserve word or function to get the tick counts? Thanks a lot.

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  #16 (permalink)
 
 
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jiaqiangmit,

you would have to count the bars of the additional 1 tick datastream.

Regards,

ABCTG

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  #17 (permalink)
Market Wizard
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Unless things have changed very recently this won't be possible using Oanda data. The issue is Oanda doesn't supply historical tick data so Multicharts isn't able to use tick data to populate charts.

I use tick charts in my trading but I use Sierra Chart's FX data feed to populate the data on the charts and then execute through Oanda's platform. You may want to check with Multicharts to see if they offer alternative FX spot datafeed providers (or, as suggested by choke35, you could pay for the futures datafeed which would provide volume on the futures contracts).

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  #18 (permalink)
Mianyang China
 
Experience: Beginner
Platform: Multicharts
Broker: broker: Oanda
Trading: HSI, DAX, ES
 
Posts: 81 since Aug 2017
Thanks: 18 given, 9 received


MWG86 View Post
Unless things have changed very recently this won't be possible using Oanda data. The issue is Oanda doesn't supply historical tick data so Multicharts isn't able to use tick data to populate charts.

I use tick charts in my trading but I use Sierra Chart's FX data feed to populate the data on the charts and then execute through Oanda's platform. You may want to check with Multicharts to see if they offer alternative FX spot datafeed providers (or, as suggested by choke35, you could pay for the futures datafeed which would provide volume on the futures contracts).

Thanks.

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  #19 (permalink)
Mianyang China
 
Experience: Beginner
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Trading: HSI, DAX, ES
 
Posts: 81 since Aug 2017
Thanks: 18 given, 9 received


ABCTG View Post
jiaqiangmit,

you would have to count the bars of the additional 1 tick datastream.

Regards,

ABCTG

Thank you, I'll try that.

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