NexusFi: Find Your Edge


Home Menu

 





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 2,686 views
    2. thumb_up 1 thanks given
    3. group 3 followers
    1. forum 11 posts
    2. attach_file 1 attachments




 
Search this Thread

volume of Renko for forex

  #1 (permalink)
 jiaqiangmit 
Mianyang China
 
Experience: Beginner
Platform: Multicharts
Broker: broker: Oanda
Trading: HSI, DAX, ES
Posts: 84 since Aug 2017
Thanks Given: 18
Thanks Received: 10

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

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Futures True Range Report
The Elite Circle
Are there any eval firms that allow you to sink to your …
Traders Hideout
Exit Strategy
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
Battlestations: Show us your trading desks!
18 thanks
  #2 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
Posts: 2,668 since Feb 2013
Thanks Given: 5,101
Thanks Received: 6,558


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
Thanked by:
  #3 (permalink)
 jiaqiangmit 
Mianyang China
 
Experience: Beginner
Platform: Multicharts
Broker: broker: Oanda
Trading: HSI, DAX, ES
Posts: 84 since Aug 2017
Thanks Given: 18
Thanks Received: 10



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
  #4 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
Posts: 2,668 since Feb 2013
Thanks Given: 5,101
Thanks Received: 6,558


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
  #5 (permalink)
 jiaqiangmit 
Mianyang China
 
Experience: Beginner
Platform: Multicharts
Broker: broker: Oanda
Trading: HSI, DAX, ES
Posts: 84 since Aug 2017
Thanks Given: 18
Thanks Received: 10


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
  #6 (permalink)
 
Beljevina's Avatar
 Beljevina 
Toronto, Canada
 
Experience: Advanced
Platform: NinjaTrader, SierraCharts
Broker: Amp/CQG, IB
Trading: CL, GC, 6E, ES, RTY, EURUSD, GBPJPY, AUDUSD
Posts: 352 since Sep 2010


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
  #7 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
Posts: 2,668 since Feb 2013
Thanks Given: 5,101
Thanks Received: 6,558


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
  #8 (permalink)
 
Beljevina's Avatar
 Beljevina 
Toronto, Canada
 
Experience: Advanced
Platform: NinjaTrader, SierraCharts
Broker: Amp/CQG, IB
Trading: CL, GC, 6E, ES, RTY, EURUSD, GBPJPY, AUDUSD
Posts: 352 since Sep 2010


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
  #9 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
Posts: 2,668 since Feb 2013
Thanks Given: 5,101
Thanks Received: 6,558


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
  #10 (permalink)
 jiaqiangmit 
Mianyang China
 
Experience: Beginner
Platform: Multicharts
Broker: broker: Oanda
Trading: HSI, DAX, ES
Posts: 84 since Aug 2017
Thanks Given: 18
Thanks Received: 10


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




Last Updated on December 6, 2017


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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