Using volume in Forex is potentially misleading as we are only provided the broker volume or futures exchange volume for the currency or commodity in a decentralised market. This code combines the volumes from FXCM, Onanda and futures for the instrument being studied. The combination of the volumes could improve the reliability of the volume being considered. Using this approach other volume indicators can also be improved.
Hello, my friend, I also am wycoff method practitioners, I learn to use the wycoff method for two years you the diagram shown above, according to the standard wycoff method divides into the trade sector ABCD with several area, and according to the PC, SC, AR, ST, spring, SOS, LPS, JOC, BU, these steps to draw a trend line you drew the trend lines are automatically by the script? Could you please teach me? Thank you for your reply. I am from China and looking forward to your reply very much
cgd
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Very cool!!!
SteynTrade
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@cgd, Thanks, volume in forex can be misleading at times and as I mostly use a Wyckoff approach to the markets, volume plays a key role in the analysis. This is a small way to improve the quality of the volume signature.