The software developer behind one of the most powerful platforms for multi-asset online trading PFSOFT has announced a major new addition to its Protrader suite. The software has just received an upgrade which many traders might find quite useful – a tick volumes data analysis tool.
The solution is using a proprietary algorithm developed by the company to deliver indicative volume data, providing one more aspect of looking at charts to FX and CFDs traders. The tool was first available on Protrader for exchange traded products, where trading volumes are openly provided by exchanges.
The latest update also brings price and bar statistics for FX and CFDs, a volumes profile for charts with buy and sell aggregation, a detailed analysis tool of order flow and others.
Understanding the Gaps in Forex TradingGo to article >>
Tick Volumes Data in Algo Trading
Tick volumes data is particularly useful for traders that are using trading algorithms to develop automated trading strategies. The company’s Algostudio solution which utilizes C# for trading strategy development can be used by coders to automate the trading process.
Some discretionary traders may also find the new tick volume indicator useful, as many use the data to confirm or deny their trading signals.
The changes have been driven by popular demand from clients, outlining the uniqueness of Protrader in the market.
The company has also recently launched a version of its popular trading platform for macOSX including a number of features of the Windows version. Market depth, seven styles of charting, a watchlist and trading from the chart have all been implemented. PFSOFT stated at the time of the launch that it is ultimately aiming to implement all Windows platform features into the Mac product.