By DominicWalsh · Posted
By DominicWalsh · Posted
By DominicWalsh · Posted
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Question
TommyT
The values of the volume indicator in the IG charts and the MT4 charts are different - they are not the same values and they are not even a scalar proportion of each other
So where is IG getting is volume and where is MT4 getting its volume?
Using the IG Streaming Companion tool one can see the various field values in the" Chart" data items of the stream
Comparing this stream to the IG chart I can see that IG chart's volume is equivalent to the stream's LTV - last traded volume
doing the same for MT4 I can see that the MT4 chart's volume is equivalent to the stream's LTV CONS_TICK_COUNT - tick count
Given that IG's own chart presents the LTV as the volume, it would seem that this is the preferred measure, and I have to agree. On that basis, I would say MT4 is using the wrong value
I would like to use MT4 to trade, but I don't like tick-count-as-volume. Is there anyway via the MT4 configuration or custom code that I can get hold of the LTV volume. Does anyone at IG know if the LTV data in MT4's tick variables so that I might be able to build my own indicator?
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