Monday 17 October 2016

Candle Profile (Release 11) : Support for FXCM's "Real Volume"

I have uploaded a new version of the Candle Profile indicator. This supports FXCM's "Real Volume" indicators (actually it uses the "Directional real volume" indicator).

The FXCM�s �Directional Real Volume� indicator can provide real volume (buy, sell and total) direct from FXCM�s order books. However, there are a few things to note:

  • The �Directional Real Volume� indicator has to be installed separately. The indicator can be obtained from �FXCM Apps� site (https://www.fxcmapps.com/apps/directional-real-volume/)
  • The real volume data is only available for certain high liquidity instruments (currently: EUR/USD, USD/JPY, GBP/USD, EUR/JPY, AUD/USD, GBP/JPY, USD/CAD, AUD/JPY, USD/CHF, EUR/CHF, NZD/USD, EUR/AUD, EUR/GBP and EUR/CAD).
  • Historic data before 2010 does not appear to be available.
  • The real volume data is loaded separately from FXCM�s servers. This takes an additional amount of time, resulting in a delay before the indicator is drawn. This could be a several seconds or even minutes depending on the size of the chart

The Candle Profile can use this data, where available, to construct the profile. If "real volume" data is not available, then the Candle Profile can use tick volume or "TPO". (TPO is "Time Price Opportunity", which is a Market Profile term, basically it means that price traded at that location).



More information on the Candle Profile can be found here.

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