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Hey, can anyone point me to a good resource (preferably for mt4, although I realize this site is mostly NINJA) that will display depth of market or order book detail? Also called DOM, pepperstone gives some limited DOM info, but would like to find some kind of mt4 indicator or even a stand alone service. Thanks! I see reference to a couple webinars here regarding trainging in this area, but only for eliet members, which Im not
Can you help answer these questions from other members on NexusFi?
I honestly can not think of anything even similar to that for mt4. you can try doing a search on FxCodeBase to see what you come up with. There are tons of indicators there.
Of course, any information that you are able to come up with only be broker specific and not for the entire fx market.
I assume if you're talking about MT4, it's implied that you're seeking something in the spot currency market, since, of course, there are no CME or other genuine futures feeds that are fed into any broker's MT4 platform. There are some rare brokers that have global futures & index prices realtime charting into MT4, such as GCI Financial , which has a surprisingly robust CFD feed of most every popular futures instruments. But, they are of course CFD based, so true volume and relating it to the genuine futures big-brother instrument is questionable at best. FWIW, I do feel that there are some big boys trading/gaming this (in relative) terms, since selling, shakeouts, etc., occur in similar ratioed volumes as they do on the formal and proper futures instrument.
When I was a more prominent MT4 user years ago, I looked into OrderBookFX | Real-Time Forex Market Depth . It gives a 10-level depth or so order book that is supposed to have major global bank order book info feeding into it, although I recall the site being rather mystical on specifics. There was a fellow who scheduled demos when interest/candidates appeared on the FF forum. (you shoudl be able to google/find it there still) The lack of facts and some other unanswered questions never really got me into it, and I made the move to 'real' futures and NT7 around that time.
Not sure if you're interested but there are also some decent volume profiling indicators for MT4, that don't receive much popularity, IMHO mostly because few users of MT4 ever 'graduate' to that level; if you're interested, I can dust them off and provide that info.
Also, albeit unrelated to your question, and assuming you are involved in spot forex, I recall that the eSignal spot forex feed had volume info that was consolidated from over 60 bank feed sources; the benefit here of course is that it was the only volume feed that brought together volume data from many major bank/instutional spot forex feeds, which in theory leads to more accurate volume profile charting; I'm not sure how that would be reflected on a (spot fx) volume footprint chart (in NT7). That info was kind of hard to find on their site, so, if you're interested in it, I can vaguely recall where it was and provide.
