Forex charts with volume bars

Discussion in 'Forex Trading' started by gotnotelly, Aug 19, 2003.

  1. I am sorry if this is a really dumb newbie question but why have I yet to see any volume bars underneath a Forex chart?

    I am used to using only price and volume for all of my TA and am not quite sure why there is never a volume option on any of the Forex charts I have seen. I know there must be a sensible reason but I can't see it.

    Many thanks

    gotno
     
  2. Since there is no centralized exchange in forex, it is impossible to accurately know the volume in forex. My charting software shows tick-volume, which works ok but it's pretty much useless when the market is dead like during asian session. I attached a 60-min chart to show you what I mean. This charting software can be downloaded for free at http://www.metaquotes.net/download.htm
     
  3. Yes, it's OTC. So, there is no official volume. However, eSignal chart shows volume of Forex. It's not actual volume, but I see it's much better than nothing.
     
  4. How's it computed?
     
  5. I'm not sure. Probably, it's just tick count accumulation from Time&Sales.