Since every broker and historical data provider has different volumes I expected with the "Volume-Indicator" to standardize/normalize volumes.
Why is the name miss-leading?
[...] I expected with the "Volume-Indicator" to standardize/normalize volumes.
That's great, but what do u think this 'Volume' represents? It is not the volume of 'contracts' being traded or the volume of the 'trades' - which is what most people think it is... Hence the name is miss-leading. I am sure u can find an indicator which normalizes MT4 Volume (that is - divides it by it's average or moving-average), but I doubt this will be useful. Good-luck anyway.
OK, I understand. But then what do you need the volume for? Is it useful for in any way as an indicator or with a combination of other indicators? Sound not.
I only know that sometimes it makes sense to start a trade only for the first tiks of a bar. But it can´t be the only area we can use the volume.
int start(){ static datetime Time0; if (Time0 == Time[0]) return(0); Time0 = Time[0]; ...
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Hello,
there are some forum entries similar to this topic but I still couldn't find any solution for my problem.
I have programmed an EA which uses Volumes. As you can imagine this EA is working only on a specific broker platform. Trying it run on another broker I get different results of course, because other brokers provide different volume values. Additionally, I have downloaded historical data which again have other volume values as the brokers.
How can I solve this problem? Maybe a specific Volume-Indikator or somehow mathematically?
Thanks for helping.