IvanLabrie

GBPUSD Futures Volume

278 5 28
Came up with this based on a suggestion from sebmanby.
It plots volume from the MB1! futures , but can be changed to any other instrument.
Great idea sebmanby!

Now, I'd love to have better volume applied to the data from this, I'll have to try that one out :p
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study("GBPUSD Futures Volume", precision=0)
vol1 = security("CME_MINI:MB1!", period, volume)
plot(vol1, title='GBPUSD', style=histogram, trackprice=false,linewidth=4, color=black)
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Do you think you could construct a Vwap moving average for Forex in this manner?
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IvanLabrie TOP coondawg71
2 years ago
Hmm sure thing, I'll give it a shot...I was thinking of doing it after seeing a vwap + std deviation bands indicator here.
That and a modified vol profile would be great :D
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coondawg71 PRO IvanLabrie
2 years ago
Chris Moody is trying to figure out a way to do it too. Somehow, someway someone will get it done. Thanks for giving it a go!
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IvanLabrie TOP coondawg71
2 years ago
Well, he's the man...so I'd expect his to be the one to use :p
It'd be nice to have tick data vol from fxcm here too.
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Here's an addition:

study("EURUSD Futures Volume", precision=0)
vol1 = security("CME:E61!", period, volume)
plot(vol1, title='EURUSD', style=histogram, trackprice=false,linewidth=4, color=black)

BB_length = input(11, minval=1, maxval=50)
BB_stdDev = input(1, minval=1.0, maxval=3)
bb_s = vol1
basis = sma(bb_s, BB_length)
dev = BB_stdDev * stdev(bb_s, BB_length)
upper = basis + dev
plot(basis, color=red)
p1 = plot(upper, color=blue)

That's the code for EURUSD futures volume data with a moving average and its standard deviation over it, to spot unusual big spikes.
I use it with areas instead of lines, but up to you.
Add the code in the second paragraph to this indicator to get the same effect.

snapshot
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