I will show you how to logically analyse the charts and follow institutional traders using real time data streams, footprint and volume tools
What is the difference between TICK Volume and REAL Volume?‘
Tick Volume is the volume you see in your MT4/MT5 terminal, it is the sum of price changes within a particular candle, it doesn’t contain the size traded at this particular price. It’s just the sum of price updates. The major problem is that this tick volume differs significantly between various brokers. From my point of view, tick volume has nothing to do with actual volume at all.
Real trading volume contains in-depth trading data including the direction and size of the trades that are currently being placed
How did you get the real volume?
I use the real volume from Futures market, for GBPUSD these are 6B contracts.
What are the Footprint Charts?
Footprint charts are a type of candlestick charts that provides additional information, such as trade volume and order flow, in addition to price. The picture on the left is an example of footprint – showing the actual inner workings of what is happening as the candles are printed.
