How do you decide on a trend? - page 7

[TheXpert]

EvMir:

Above I gave an example of the correlation between roboforex and alpari volumes. During the day the correlation is >95%, what does that mean? That they are colluding or that there is some additional information in the volume data?

For example, the fact that they use the same vendor's quotes.

Here's a clear example. Maybe not quite correct of course, but still.

[Андрей]

Good afternoon, gentlemen.

TheXpert:

For example, about the fact that they use quotes from one supplier.

Here is an obvious example. Maybe not quite correct of course, but still.

Do you have a volume indicator for futures on the screenshot? Is it freely available? Please tell me where to get it if you have it.

IMHO: tick density, meaningless data for trading. I have also thought for some time that it's a grail, but I have not managed to use it yet.

Now I'm looking for indicators based on futures volume.

[TheXpert]

gunia:

Is that your futures volume indicator in the screenshot?

Yes.

Is it freely available? Please tell me where to get it if there is one.

Not yet, hopefully it will be soon. But now in free access there is a bit slow (or with exe -- your choice) alternative. There are others out there, you'll have to look for them.

[Андрей]

TheXpert:

Yes.

Not yet, hopefully it will be soon. But now there is a slightly retarded (or with exe -- your choice) alternative freely available. There are others, I have to look for them.

Could you please tell me how to get this data (futures volume) with mql5? Does this data stream come to the terminal as standard, or it is received through another channel?

[Андрей]

TheXpert:

Not yet :) but then again maybe it will be, I don't see a big problem.

MT5 is still a very small number of people by comparison.

Sorry for bothering you, but the indicator in your example is mql5\4 indicator, right? So it takes it (data) from somewhere? Or have you combined the picture from different terminals just as an example?

[Андрей]

TheXpert:
MT4 terminal. Takes from the above place. Writing for MT5 is not a problem, but I don't need it.

I am interested in formula. For example there are a lot of futures on Insta, what is the algorithm for calculating the volume indicator that you cited as an example? How to turn it into an indicator, I'll try to figure it out myself.

[Андрей]

TheXpert:
There are no futures on Insta )). There are CFDs. And these are the volumes of the corresponding futures from the CME.

Eh... I was getting ready to get excited.

[Андрей]

TheXpert:
What do you want? Are there more current (relevant) volumes somewhere?

I wanted to write an indicator for mt5, but I don't understand where I can get this data from. I've been struggling with ticks for about 3 months, in general it turned out that they don't show any additional valuable functionality concerning price changes, I thought to try it with futures volumes as they advise, but I don't know how to do it yet.

[Андрей]

TheXpert:
I don't know. I gave a link from which you can download absolutely free indices for MT4, except in ex4.

I have seen it, thank you, but I need at least the source, I want to apply this data in my Expert Advisor.

[Андрей]

TheXpert:
What's the problem with pulling from an indicator? You don't need the source code to get the data.

Well, firstly, I want to do it with MT5, and secondly, I want to rewrite it myself as a module and not pull it from a third-party indicator.