A volume indicator that aggregates trading volume from multiple forex brokers, providing a comprehensive view of market activity across different trading platforms and timeframes.
Explore complementary indicator rolesHow it works
This volume indicator consolidates trading volume data from five major forex brokers: FXCM, GlobalPrime, Pepperstone, Currency.com, and OANDA. By combining volume reports from multiple sources, the indicator creates a more comprehensive view of market activity across different trading platforms.
Users can choose to display volume from all five brokers or select a specific broker's data. The indicator provides historical volume data dating back to September 2019, with an option to access an extended history back to June 2012 by selecting specific brokers like FXCM, Pepperstone, and OANDA.
Why it may be useful
Volume data in forex is inherently challenging to obtain due to unreported inter-bank trades, making comprehensive volume tracking difficult. This indicator offers traders a best-approximation of total market volume by aggregating data from multiple reputable brokers, providing insights into market participation and potential price movement momentum.
By presenting volume information from different sources, traders can gain a more nuanced understanding of market activity. The ability to compare and combine volume data helps identify potential trend confirmations, strength of price movements, and overall market sentiment across different trading platforms.
When to explore it
This volume indicator is most effective when traders want a holistic view of market activity across multiple forex brokers. It is particularly useful during periods of potential trend changes, breakouts, or when seeking confirmation of price movements through volume analysis.
Traders should use this indicator in conjunction with other technical analysis tools to validate trading decisions. The combined volume data can help identify potential entry and exit points, assess market liquidity, and provide additional context to price action across various timeframes and currency pairs.
Keep exploring
What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
